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Intangible Assets
6 Months Ended
Oct. 31, 2014
Intangible Assets [Abstract]  
Intangible Assets

3.Intangible Assets    

    

Intangible asset balances by major asset class are as follows (in thousands):     

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

Net

 

 

carrying

 

Accumulated

 

carrying

October 31, 2014

 

amount

 

amortization

 

amount

Customer-related

$

6,236 

$

(4,742)

$

1,494 

Technology-based

 

2,638 

 

(2,190)

 

448 

Trademarks

 

4,600 

 

(1,686)

 

2,914 

Trade name

 

100 

 

(100)

 

 -

Total

$

13,574 

$

(8,718)

$

4,856 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

Net

 

 

carrying

 

Accumulated

 

carrying

April 30, 2014

 

amount

 

amortization

 

amount

Customer-related

$

6,236 

$

(4,403)

$

1,833 

Technology-based

 

2,638 

 

(2,034)

 

604 

Trademarks

 

4,600 

 

(1,423)

 

3,177 

Trade name

 

100 

 

(100)

 

 -

Total

$

13,574 

$

(7,960)

$

5,614 

 

Acquired finite-lived intangible assets are generally amortized on a straight-line basis over their estimated useful lives. The useful life of finite-lived intangible assets is the period over which the asset is expected to contribute directly or indirectly to future cash flows of the Company.  Intangible asset amortization expense for the three months ended October 31, 2014 and 2013 was $0.4 million, respectively.  Intangible asset amortization for the six months ended October 31, 2014 and 2013 was $0.8 million, respectively.  The estimated future amortization expense related to intangible assets as of October 31, 2014 is as follows (in thousands):

 

 

 

 

Fiscal Year Ending April 30,

 

Amount

Remainder of 2015

$

756 

2016

 

1,096 

2017

 

814 

2018

 

774 

2019

 

774 

Thereafter

 

642 

Total

$

4,856