Intangible Assets

3 Months Ended

Jun. 30, 2016

Intangible Assets [Abstract]

Intangible Assets

3. Intangible Assets

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

		June 30, 2016				March 31, 2016
	Weighted Average Amortization Period	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Intangible assets subject to amortization
Trademarks	11 years	$	705,000	$	143,000	$	705,000	$	127,000
Customer relationships	13 years		5,900,000		2,034,000		5,900,000		1,905,000
Total		$	6,605,000	$	2,177,000	$	6,605,000	$	2,032,000

Amortization expense for acquired intangible assets is as follows:

	Three Months Ended June 30,
	2016		2015
Amortization expense	$	145,000	$	174,000

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

Year Ending March 31,
2017 - remaining nine months	$	435,000
2018		580,000
2019		580,000
2020		580,000
2021		580,000
Thereafter		1,673,000
Total	$	4,428,000