Intangible Assets

9 Months Ended

Dec. 31, 2015

Intangible Assets [Abstract]

Intangible Assets

3. Intangible Assets

The following is a summary of acquired intangible assets subject to amortization:

		December 31, 2015				March 31, 2015
	Weighted Average Amortization Period	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Intangible assets subject to amortization
Trademarks	11 years	$	705,000	$	111,000	$	397,000	$	278,000
Customer relationships	13 years		5,900,000		1,776,000		6,211,000		3,756,000
Total		$	6,605,000	$	1,887,000	$	6,608,000	$	4,034,000

Amortization expense for acquired intangible assets is as follows:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2015		2014		2015		2014
Amortization expense	$	145,000	$	160,000	$	476,000	$	510,000

The estimated future amortization expense for acquired intangible assets subject to amortization is as follows:

Year Ending March 31,
2016 - remaining three months	$	145,000
2017		580,000
2018		580,000
2019		580,000
2020		580,000
Thereafter		2,253,000
Total	$	4,718,000