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INTANGIBLE ASSETS AND GOODWILL - Note 4
 6 Months Ended
Sep. 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):

    September 30, 2016     March 31, 2016
    Gross           Net     Gross           Net
    Carrying     Accumulated     Carrying     Carrying     Accumulated     Carrying
    Amount     Amortization     Amount     Amount     Amortization     Amount
Technology $ 17,776    $ (5,776)   $ 12,000    $ 18,640    $ (4,622)   $ 14,018 
Customer relationships   9,600      (5,562)     4,038      9,993      (4,847)     5,146 
Trade names/domains   2,079      -      2,079      2,205      -      2,205 
In-process research and development   95      -      95      95      -      95 
Total acquired identifiable intangible assets $ 29,550    $ (11,338)   $ 18,212    $ 30,933    $ (9,469)   $ 21,464 

 

At September 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   $ 1,803 
2018     3,340 
2019     3,090 
2020     3,090 
2021     2,735 
Thereafter     1,980 
     Total   $ 16,038 

 

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     -      (2,130)     (2,130)
Balance as of September 30, 2016   $ 25,729    $ 19,561    $ 45,290