Quarterly report pursuant to Section 13 or 15(d)

Intangibles Assets (Notes)

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Intangibles Assets (Notes)
 9 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Text Block] Intangible Assets
Intangible assets include customer relationships, trade names, developed technology, product licensing rights, and other intangibles. Intangible assets with determinable lives are amortized over their estimated useful lives. Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment loss is recorded for the excess of the asset’s carrying amount over its fair value.
During the quarter ended September 30, 2020, the Company determined there were indications of impairment on the intangible assets primarily due to the duration of the COVID-19, which have delayed construction projects impacting the amount and timing of revenue. The Company performed the recoverability test described above and concluded the carrying amounts were recoverable. The Company concluded it was not necessary to perform a recoverability test during the quarter ended December 31, 2020. There was no intangible asset impairment during the nine months ended December 31, 2020, or the nine months ended December 31, 2019.
The Company amortizes intangible assets with finite lives using either a straight line method or the consumption period based on expected cash flows from the underlying intangible asset, with an initial range from 2 to 10 years.

The summary of amortization expense in the condensed consolidated statement of operations is as follows:
(in thousands) Three months ended December 31, Nine months ended December 31,
2020 2019 2020 2019
Cost of revenue 39  98  118  163 
Operating expenses 226  308  677  924 
Total $ 265  $ 406  $ 795  $ 1,087 
The summary of other intangible assets, net, is as follows:
December 31, 2020 March 31, 2020
(in thousands) Gross Carrying Amount Accumulated Amortization and Impairment Net Carrying Amount Gross Carrying Amount Accumulated Amortization and Impairment Net Carrying Amount
Backlog $ 1,530  $ (1,530) $ —  $ 1,530  $ (1,530) $ — 
Customer relationships 23,260  (22,289) 971  23,260  (21,872) 1,388 
Licensing agreement 1,950  (1,385) 565  1,950  (1,267) 683 
Product technology 45,195  (44,798) 397  45,195  (44,538) 657 
Non-compete 510  (510) —  510  (510) — 
Trade name and trademark 1,473  (1,473) —  1,473  (1,473) — 
Total finite-lived intangible, assets, net $ 73,918  $ (71,985) $ 1,933  $ 73,918  $ (71,190) $ 2,728 

The following is the expected future amortization by fiscal year:
(in thousands)
2021 (1)
2022 2023 2024 2025 Thereafter
Intangible amortization expense $ 266  $ 923  $ 535  $ 157  $ 52  $ — 
(1) Represents the future intangible amortization expense expected to be made over the remaining balance of the fiscal year.