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Intangible Assets | 3 Months Ended
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Jun. 30, 2014
Intangible Assets |
10. | Intangible Assets
Intangibles We complete our annual impairment tests in the fourth quarter of each year unless events or circumstances indicate that an asset may be impaired. The Company recorded an intangible asset impairment charge for the year ended March 31, 2014 of $154 to write down trade names pursuant to its decision to rename and rebrand the subsidiaries under DT USA to DT EMEA and DT APAC. There were no other indications of impairment present during the periods ended June 30, 2014 and March 31, 2014. In the period ended June 30, 2014, we finalized the purchase price allocation of DT APAC, which resulted in an adjustment to intangibles of $1,472. The components of intangible assets as at June 30, 2014 and March 31, 2014 were as follows:
|  | As of June 30, 2014 |
|  | Cost |  |  | Accumulated Amortization |  |  | Net |
Software |  | $ | 4,217 |  |  | $ | (1,580 | ) |  | $ | 2,637 |
Customer list |  |  | 5,055 |  |  |  | (692 | ) |  |  | 4,363 |
License agreements |  |  | 354 |  |  |  | (96 | ) |  |  | 258 |
|  | $ | 9,626 |  |  | $ | (2,368 | ) |  | $ | 7,258 |
|  | As of March 31, 2014 |
|  | Cost |  |  | Accumulated Amortization |  |  | Net |
Software |  | $ | 6,637 |  |  | $ | (1,369 | ) |  | $ | 5,268 |
Customer list |  |  | 4,107 |  |  |  | (577 | ) |  |  | 3,530 |
License agreements |  |  | 354 |  |  |  | (78 | ) |  |  | 276 |
|  | $ | 11,098 |  |  | $ | (2,024 | ) |  | $ | 9,074 |
Discontinued operations |  | $ | 3,278 |  |  | $ | (3,050 | ) |  | $ | 228 |
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 three month period ended June 30, 2014 and 2013, the Company recorded amortization expense in the amount of $344 and $403, respectively, in cost of revenues for continuing operations and $0 and $58 for discontinued operations, respectively. Based on the amortizable intangible assets as of June 30, 2014, we estimate amortization expense for the next five years to be as follows:
Year Ending June 30, |  | Amortization Expense |
|  | (in thousands) |
2015 |  | $ | 1,377 |
2016 |  |  | 1,377 |
2017 |  |  | 1,366 |
2018 |  |  | 1,086 |
2019 |  |  | 460 |
Future |  |  | 1,592 |
|  | $ | 7,258 |
Below is a summary of intangible assets for the period March 31, 2013 through June 30, 2014:
|  | Intangible Assets |
Balance as of March 31, 2013 |  | $ | 4,757 |
Acquisition |  |  | 6,826 |
Impairment |  |  | (154 | )
Disposal of subsidiary |  |  | (586 | )
Amortization of intangibles |  |  | (1,769 | )
Adjust goodwill for tax |  |  | — |
Balance as of March 31, 2014 |  | $ | 9,074 |
Amortization of intangibles |  |  | (344 | )
Purchase price allocation adjustment |  |  | (1,472 | )
Balance as of June 30, 2014 |  | $ | 7,258 |

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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=26713463&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=26713463&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=26713463&loc=d3e16265-109275 + Details
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