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INTANGIBLE ASSETS AND GOODWILL - Note 4
 3 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL - Note 4

4. INTANGIBLE ASSETS AND GOODWILL

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

    June 30, 2016     March 31, 2016
    Gross           Net     Gross           Net
    Carrying     Accumulated     Carrying     Carrying     Accumulated     Carrying
    Amount     Amortization     Amount     Amount     Amortization     Amount
Technology $ 18,033    $ (5,215)   $ 12,818    $ 18,640    $ (4,622)   $ 14,018 
Customer relationships   9,716      (5,215)     4,501      9,993      (4,847)     5,146 
Trade names/domains   2,117      -      2,117      2,205      -      2,205 
In-process research and development   95      -      95      95      -      95 
Total acquired identifiable intangible assets $ 29,961    $ (10,430)   $ 19,531    $ 30,933    $ (9,469)   $ 21,464 

 

At June 30, 2016, 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 2017   $ 2,758 
2018     3,411 
2019     3,162 
2020     3,162 
2021     2,796 
Thereafter     2,030 
     Total   $ 17,319 

 

The following table provides a summary of the changes in the carrying amounts of goodwill by reporting segment (in thousands):

      Americas     Europe     Total
Balance as of March 31, 2016   $ 25,729    $ 21,691    $ 47,420 
     Foreign currency translation     -      (1,489)     (1,489)
Balance as of June 30, 2016   $ 25,729    $ 20,202    $ 45,931