GOODWILL

9 Months Ended

Dec. 31, 2011

GOODWILL [Abstract]

GOODWILL

3. GOODWILL

Goodwill represents the premium paid over the fair value of net tangible and intangible assets we have acquired in business combinations. For additional information related to the acquisition of NCC Networks, Inc. (“NCC”) during the nine months ended December 31, 2011, please refer to Note 16, “Business Combination.” The following table summarizes the amount of goodwill allocated to our reporting units (in thousands):

	Financing			Technology		Software Procurement			Software Document Management		Total
Balance April 1, 2011
Goodwill	$	4,029		$	17,515	$	4,644		$	1,089	$	27,277
Accumulated impairment losses		(4,029	)		-		(4,644	)		-		(8,673	)
					17,515					1,089		18,604
Acquisition		-			3,679		-			-		3,679
Balance December 31, 2011
Goodwill		4,029			21,194		4,644			1,089		30,956
Accumulated impairment losses		(4,029	)		-		(4,644	)		-		(8,673	)
Goodwill - net balance Dectember 31, 2011	$	-		$	21,194	$	-		$	1,089	$	22,283

On October 1, 2011, we adopted updates to Codification Topic Intangibles – Goodwill and Other, which permits companies to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test.

We analyzed the goodwill allocated to our reporting units above with respect to our reporting units that have goodwill in accordance with the provisions of ASU 2011-08 and concluded that it is not more likely than not that the fair value of all of these reporting units is less than their carrying amounts as of October 1, 2011.