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Other Intangible Assets
12 Months Ended
Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

Note O — Other Intangible Assets

Other intangible assets consist of the following at March 31, 2014:

 

Item

   Life    Cost      Fiscal 2014
Amortization
Expense
     Accumulated
Amortization at
March 31, 2014
     Cost, Net of
Accumulated
Amortization at
March 31, 2014
 

Covenant Not to Compete

   5 years    $ 775,000       $ 34,000       $ 742,000       $ 33,000   

Customer relationships

   18-20 years      7,922,000         422,000         2,876,000         5,046,000   

TPA Licenses

   15 years      204,000         14,000         90,000         114,000   
     

 

 

    

 

 

    

 

 

    

 

 

 

Total

$ 8,901,000    $ 470,000    $ 3,708,000    $ 5,193,000   
     

 

 

    

 

 

    

 

 

    

 

 

 

 

Other intangible assets consist of the following at March 31, 2015:

 

Item    Life    Cost      Fiscal 2015
Amortization
Expense
     Accumulated
Amortization at
March 31, 2015
     Cost, Net of
Accumulated
Amortization at
March 31, 2015
 

Covenant Not to Compete

   5 years    $ 775,000       $ 20,000       $ 762,000       $ 13,000   

Customer Relationships

   18-20 years      7,922,000         423,000         3,299,000         4,623,000   

TPA Licenses

   15 years      204,000         14,000         104,000         100,000   
     

 

 

    

 

 

    

 

 

    

 

 

 

Total

$ 8,901,000    $ 457,000    $ 4,165,000    $ 4,736,000   
     

 

 

    

 

 

    

 

 

    

 

 

 

Amortization expense for the next five fiscal years is expected to be $449,000 in fiscal 2016, $437,000 in fiscal 2017, $437,000 in fiscal 2018, $437,000 in fiscal 2019, $437,000 in fiscal 2020, and $2,539,000 thereafter.