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Intangible Assets
9 Months Ended
Dec. 31, 2013
Intangible Assets [Abstract]  
Intangible Assets
3. Intangible Assets

The following is a summary of the intangible assets subject to amortization at December 31, 2013 and March 31, 2013.

 
  
 
December 31, 2013
  
March 31, 2013
 
 
Weighted
Average
 Amortization
Period
 
Gross Carrying
 Value
  
Accumulated
Amortization
  
Gross Carrying
 Value
  
Accumulated
 Amortization
 
Intangible assets subject to amortization
 
Trademarks
9 years
 
$
553,000
  
$
380,000
  
$
553,000
  
$
337,000
 
Customer relationships
12 years
  
6,464,000
   
3,230,000
   
6,464,000
   
2,743,000
 
Non-compete agreements
4 years
  
257,000
   
239,000
   
257,000
   
211,000
 
Total
11 years
 
$
7,274,000
  
$
3,849,000
  
$
7,274,000
  
$
3,291,000
 

Amortization expense for acquired intangible assets for the three and nine months ended December 31, 2013 and 2012 is as follows:

 
 
Three Months Ended
December 31,
  
Nine Months Ended
December 31,
 
 
 
2013
  
2012
  
2013
  
2012
 
 
 
  
  
  
 
Amortization expense
 
$
180,000
  
$
194,000
  
$
558,000
  
$
580,000
 

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

Year Ending March 31,
 
 
2014 - remaining three months
 
$
180,000
 
2015
  
670,000
 
2016
  
349,000
 
2017
  
266,000
 
2018
  
266,000
 
Thereafter
  
1,694,000
 
Total
 
$
3,425,000