Note 8 - Goodwill and Intangible Assets

3 Months Ended

Jun. 30, 2015

Goodwill and Intangible Assets Disclosure [Text Block]

8. Goodwill and Intangible Assets

Goodwill

Goodwill represents the excess of the purchase price over the estimated fair value of the net assets acquired in connection with our acquisitions. We recorded goodwill of $2.8 million related to an acquisition completed during fiscal 2015 and the goodwill balance as of June 30, 2015 reflected changes in the foreign exchange translation rate. In May 2015, we completed the acquisition of RadioPulse and recorded preliminary goodwill of $15.4 million.

Identified intangible assets of our company consisted of the following as of June 30, 2015, including preliminary values for the intangible assets acquired in the RadioPulse acquisition (in thousands):

	Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets
			(unaudited)
Developed intellectual property	$	16,947	$	8,881	$	8,066
Customer relationships		14,173		11,963		2,210
In-process research and development expenses		598		-		598
Contract backlog		7,284		7,198		86
Other intangible assets		1,608		1,241		367
Total identifiable intangible assets	$	40,610	$	29,283	$	11,327

Identified intangible assets of our company consisted of the following as of March 31, 2015 (in thousands):

	Gross Intangible Assets		Accumulated Amortization		Net Intangible Assets
			(unaudited)
Developed intellectual property	$	16,304	$	8,084	$	8,220
Customer relationships		13,020		11,290		1,730
Contract backlog		7,155		7,155		-
Other intangible assets		1,608		1,174		434
Total identifiable intangible assets	$	38,087	$	27,703	$	10,384

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details