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INTANGIBLE ASSETS - Note 4

9 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS - Note 4

4. INTANGIBLE ASSETS

The carrying value of intangible assets consisted of the following (in thousands):

		December 31, 2015									March 31, 2015
		Gross						Net			Gross						Net
		Carrying			Accumulated			Carrying			Carrying			Accumulated			Carrying
		Amount			Amortization			Amount			Amount			Amortization			Amount
Technology	$	19,353		$	(4,797)		$	14,556		$	8,242		$	(2,905)		$	5,337
Customer relationships		10,182			(4,532)			5,650			9,686			(3,720)			5,966
Trade names/domains		2,439			(195)			2,244			957			-			957
In-process research and development		600			-			600			-			-			-
Total acquired identifiable
intangible assets	$	32,574		$	(9,524)		$	23,050		$	18,885		$	(6,625)		$	12,260

At December 31, 2015, annual amortization of intangible assets, based upon our existing intangible assets and current useful lives, is estimated to be the following (in thousands):

			Amount
Remaining 2016		$	964
2017			3,855
2018			3,587
2019			3,337
2020			3,337
Thereafter			5,126
Total		$	20,206

Impairment of Long-Lived Assets

During the three months ended December 31, 2015, the Company decided to end-of-life its hosted virtual desktop service (Zerigo). The Company evaluated long-lived assets related to Zerigo including the technology, customer relationships, and trade name intangible assets for impairment. The Company determined it was appropriate to record an impairment charge equal to the remaining value of the impaired long-lived assets this quarter. The impairment recorded during the three and nine months ended December 31, 2015 was $0.6 million, of which $0.4 million and $0.2 million was recorded in cost of service and sales and marketing, respectively, in the consolidated statements of operations. Revenues and net income (loss) from Zerigo were not material for all periods presented.