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Other Intangible Assets (Tables)
12 Months Ended
Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

Other intangible assets consisted of the following at March 31, 2021:

 

Item

 

Life

 

Cost

 

 

Fiscal 2021 Amortization

Expense

 

 

Accumulated

Amortization at

March 31, 2021

 

 

Cost, Net of

Accumulated

Amortization at

March 31, 2021

 

Covenant Not to Compete

 

5 years

 

$

775,000

 

 

$

 

 

$

775,000

 

 

$

 

Customer Relationships

 

18-20 years

 

 

7,922,000

 

 

 

421,000

 

 

 

5,836,000

 

 

 

2,086,000

 

Third Party Administrator  Licenses

 

15 years

 

 

204,000

 

 

 

14,000

 

 

 

186,000

 

 

 

18,000

 

Total

 

 

 

$

8,901,000

 

 

$

435,000

 

 

$

6,797,000

 

 

$

2,104,000

 

Other intangible assets consisted of the following at March 31, 2020:

 

Item

 

Life

 

Cost

 

 

Fiscal 2020 Amortization

Expense

 

 

Accumulated

Amortization at

March 31, 2020

 

 

Cost, Net of

Accumulated

Amortization at

March 31, 2020

 

Covenant Not to Compete

 

5 years

 

$

775,000

 

 

$

 

 

$

775,000

 

 

$

 

Customer Relationships

 

18-20 years

 

 

7,922,000

 

 

 

421,000

 

 

 

5,414,000

 

 

 

2,508,000

 

Third Party Administrator  Licenses

 

15 years

 

 

204,000

 

 

 

14,000

 

 

 

172,000

 

 

 

32,000

 

Total

 

 

 

$

8,901,000

 

 

$

435,000

 

 

$

6,361,000

 

 

$

2,540,000