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Goodwill and Intangible Assets | 9 Months Ended
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Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 7 — Goodwill and Intangible Assets Goodwill The Company currently has one reportable segment. The following table presents the changes in the carrying amount of goodwill in the Company’s reportable segment for the nine months ended December 31, 2018 (in thousands):
|  | Goodwill |
Balance as of March 31, 2018 |  | $ | 5,377 |
Acquisitions |  |  | - |
Finalization of purchase price allocation of Slacker (see Note 4*) |  |  | 4,295 |
Discontinued Operations |  |  | - |
Balance as of December 31, 2018 |  | $ | 9,672 |
(* Increase in goodwill due to the net change in fair value of equity consideration transferred and final fair value of assets acquired and liabilities assumed) Indefinite-Lived Intangible Assets The following table presents the changes in the carrying amount of indefinite-lived intangible assets in the Company’s reportable segment for the nine months ended December 31, 2018 (in thousands):
|  | Tradenames |
Balance as of March 31, 2018 |  | $ | - |
Acquisitions |  |  | - |
Finalization of purchase price allocation of Slacker (see Note 4*) |  |  | 4,637 |
Impairment Losses |  |  | - |
Balance as of December 31, 2018 |  | $ | 4,637 |
(* Tradenames determined to be indefinite-lived intangible asset in final purchase accounting. Preliminarily booked as a definite lived intangible asset.) Finite-Lived Intangible Assets The Company’s finite-lived intangible assets were as follows as of December 31, 2018 (in thousands):
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Software |  | $ | 19,280 |  |  | $ | 3,855 |  |  | $ | 15,425 |
Trademark/Tradename |  |  | - |  |  |  | - |  |  |  | - |
Intellectual Property (Patents) |  |  | 5,366 |  |  |  | 358 |  |  |  | 5,008 |
Customer Relationships |  |  | 6,570 |  |  |  | 2,932 |  |  |  | 3,638 |
Domain Names |  |  | 29 |  |  |  | 6 |  |  |  | 23 |
Total |  | $ | 31,245 |  |  | $ | 7,151 |  |  | $ | 24,094 |
The Company’s finite-lived intangible assets were as follows as of March 31, 2018 (in thousands):
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Software |  | $ | 19,384 |  |  | $ | 968 |  |  | $ | 18,416 |
Trademark/Tradename |  |  | 11,436 |  |  |  | 572 |  |  |  | 10,864 |
Intellectual Property (Patents) |  |  | 8,454 |  |  |  | 141 |  |  |  | 8,313 |
Customer Relationships |  |  | 6,618 |  |  |  | 739 |  |  |  | 5,879 |
Domain Names |  |  | 29 |  |  |  | 2 |  |  |  | 27 |
Total |  | $ | 45,921 |  |  | $ | 2,422 |  |  | $ | 43,499 |
The Company’s amortization expense on its finite-lived intangible assets was ($0.1) million and $0 for the three months ended December 31, 2018 and 2017, respectively, and was $4.7 million and $0 for the nine months ended December 31, 2018 and 2017, respectively. Amortization expense and Accumulated Amortization for the three months ended December 31, 2018 included an ($2.5) million adjustment for the finalization of the purchase price allocation fair values of the acquisition of Slacker (see Note 4). The Company expects to record amortization of intangible assets for fiscal years ending March 31, 2019 and future fiscal years as follows (in thousands):
For Years Ending March 31, |  |  |
2019 (remaining three months) |  | $ | 1,788 |
2020 |  |  | 5,683 |
2021 |  |  | 4,744 |
2022 |  |  | 4,744 |
2023 |  |  | 3,647 |
Thereafter |  |  | 3,488 |
|  | $ | 24,094 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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