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INTANGIBLE ASSETS - Note 3

9 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

3. INTANGIBLE ASSETS

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

		December 31, 2017						March 31, 2017
		Gross				Net		Gross				Net
		Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
		Amount		Amortization		Amount		Amount		Amortization		Amount
Technology	$	19,194		(9,540)	$	9,654	$	18,685	$	(7,010)	$	11,675
Customer relationships		9,631		(7,084)		2,547		9,419		(6,187)		3,232
Trade names/domains		2,108		(1,632)		476		2,036		-		2,036
In-process research and development		95		(95)		-		95		-		95
Total acquired identifiable intangible assets	$	31,028	$	(18,351)	$	12,677	$	30,235	$	(13,197)	$	17,038

At December 31, 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	$	1,017
2019		3,918
2020		3,087
2021		2,719
2022		1,715
Thereafter		221
Total	$	12,677

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. During the third quarter of fiscal 2018, the Company recorded an impairment charge for technology and tradenames/domains associated with the DXI acquisition. See Footnote 1 for further discussion.