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Other Intangible Assets
12 Months Ended
Mar. 31, 2012
Other Intangible Assets [Abstract]  
Other Intangible Assets

Note P — Other Intangible Assets

Other intangible assets consist of the following at March 31, 2011:

 

                                     

Item

  Life   Cost     Fiscal 2011
Amortization
Expense
    Accumulated
Amortization at
March 31,

2011
    Cost, Net of
Accumulated
Amortization at
March 31,

2011
 

Covenant Not to Compete

  5 years   $ 775,000     $ 147,000     $ 515,000     $ 260,000  

Customer relationships

  18-20 years     7,922,000       410,000       1,607,000       6,315,000  

TPA Licenses

  15 years     204,000       14,000       50,000       154,000  
       

 

 

   

 

 

   

 

 

   

 

 

 

Total

      $ 8,901,000     $ 571,000     $ 2,172,000     $ 6,729,000  
       

 

 

   

 

 

   

 

 

   

 

 

 

Other intangible assets consist of the following at March 31, 2012:

 

                                     

Item

  Life   Cost     Fiscal 2012
Amortization
Expense
    Accumulated
Amortization at
March 31,

2012
    Cost, Net of
Accumulated
Amortization at
March 31,

2012
 

Covenant Not to Compete

  5 years   $ 775,000     $ 147,000     $ 661,000     $ 114,000  

Customer Relationships

  18-20 years     7,922,000       423,000       2,031,000       5,891,000  

TPA Licenses

  15 years     204,000       14,000       63,000       141,000  
       

 

 

   

 

 

   

 

 

   

 

 

 

Total

      $ 8,901,000     $ 584,000     $ 2,755,000     $ 6,146,000  
       

 

 

   

 

 

   

 

 

   

 

 

 

Amortization expense for the next five fiscal years is expected to be $542,000 in fiscal 2013, $451,000 in fiscal 2014, $437,000 in fiscal 2015, $437,000 in fiscal 2016, $437,000 in fiscal 2017, and $3,827,000 thereafter.