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Intangible Assets | 12 Months Ended
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Mar. 31, 2013
Intangible Assets |
10. | Intangible Assets
We complete our annual impairment tests in the fourth quarter of each year unless events or circumstances indicate that an asset may be impaired. There were no indications of impairment present during the period ended March 31, 2013. However, the Company recorded an increase in intangible assets for the acquisition of the Logia companies and LogiaDeck (Ignite) of $4,471. The Company recorded an impairment charge of $2,319 for the year ended March 31, 2012. The components of intangible assets as at March 31, 2013 and 2012 were as follows:
|  | As of March 31, 2013 |
|  | Cost |  |  | Accumulated Amortization |  |  | Net |
Software |  | $ | 2,429 |  |  | $ | (1,269 | ) |  | $ | 1,160 |
Trade name / Trademark |  |  | 297 |  |  |  | (16 | ) |  |  | 281 |
Customer list |  |  | 4,675 |  |  |  | (1,407 | ) |  |  | 3,268 |
License agreements |  |  | 498 |  |  |  | (450 | ) |  |  | 48 |
|  | $ | 7,899 |  |  | $ | (3,142 | ) |  | $ | 4,757 |
|  | As of March 31, 2012 |
|  | Cost |  |  | Accumulated Amortization |  |  | Net |
Software |  | $ | 1,611 |  |  | $ | (948 | ) |  | $ | 663 |
Trade name / Trademark |  |  | 154 |  |  |  | — |  |  |  | 154 |
Customer list |  |  | 1,220 |  |  |  | (1,220 | ) |  |  | — |
License agreements |  |  | 443 |  |  |  | (443 | ) |  |  | — |
|  | $ | 3,428 |  |  | $ | (2,611 | ) |  | $ | 817 |
The Company has included amortization of acquired intangible assets directly attributable to revenue-generating activities in cost of revenues. The Company has included amortization of acquired intangible assets not directly attributable to revenue-generating activities in operating expenses. During the twelve month period ended March 31, 2013 and 2012, the Company recorded amortization expense in the amount of $530 and $230, respectively, in cost of revenues. Trade name/Trademark of $154 has been identified as having an indefinite life and is not included on the future amortization schedule below. Based on the amortizable intangible assets as of March 31, 2013, we estimate amortization expense for the next five years to be as follows:
Year Ending March 31, |  | Amortization Expense |
|  | (in thousands) |
2014 |  | $ | 783 |
2015 |  |  | 750 |
2016 |  |  | 551 |
2017 |  |  | 544 |
2018 |  |  | 434 |
Future |  |  | 1,541 |
|  | $ | 4,603 |
Below is a summary of Goodwill and Intangible assets:
|  | Intangible Assets |  |  | Goodwill |
Balance as of March 31, 2012 |  | $ | 817 |  |  | $ | 3,640 |
Acquisition |  |  | 4,470 |  |  |  | 1,067 |
Impairment |  |  | — |  |  |  | 1,119 |
Amortization of intangibles |  | $ | 530 |  |  |  | — |
Balance as of March 31, 2013 |  | $ | 4,757 |  |  | $ | 3,588 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16373-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 44, 45, 46 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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