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INTANGIBLE ASSETS - Note 3
6 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS - Note 3

3. INTANGIBLE ASSETS

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

      September 30, 2017     March 31, 2017
      Gross           Net     Gross           Net
      Carrying     Accumulated     Carrying     Carrying     Accumulated     Carrying
      Amount     Amortization     Amount     Amount     Amortization     Amount
Technology   $ 19,151    $ (8,421)   $ 10,730    $ 18,685    $ (7,010)   $ 11,675 
Customer relationships     9,615      (6,863)     2,752      9,419      (6,187)     3,232 
Trade names/domains     2,107      (632)     1,475      2,036          2,036 
In-process research and development     95      (95)         95          95 
     Total acquired identifiable intangible assets   $ 30,968    $ (16,011)   $ 14,957    $ 30,235    $ (13,197)   $ 17,038 

 

At September 30, 2017, 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 2018   $ 2,373 
2019     4,596 
2020     3,162 
2021     2,796 
2022     1,796 
     Thereafter     234 
     Total   $ 14,957 

 

During the first quarter of fiscal year 2018, the Company determined that the tradename/domains no longer have an indefinite life, and has assigned those assets an estimated life of two years. Amortization expenses associated with tradename/domains are included in selling and marketing expenses in the condensed consolidated statements of operations.