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GOODWILL AND OTHER INTANGIBLE ASSETS
3 Months Ended
Jun. 30, 2018
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS
5.
GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL

The following table summarizes the changes in the carrying amount of goodwill for the three months ended June 30, 2018, (in thousands):

  
Goodwill
  
Accumulated
Amortization /
Impairment
Loss
  
Net Carrying
Amount
 
          
Balance as of March 31, 2018
 
$
85,297
  
$
(8,673
)
 
$
76,624
 
Foreign currency translations
  
(140
)
  
-
   
(140
)
Balance as of June 30, 2018
 
$
85,157
  
$
(8,673
)
 
$
76,484
 
 
Goodwill represents the premium paid over the fair value of the net tangible and intangible assets that are individually identified and separately recognized in business combinations. All of our goodwill as of June 30, 2018 and March 31, 2018 is related to our technology reportable segment, which we also determined to be one reporting unit.

We test goodwill for impairment on an annual basis, as of the first day of our third fiscal quarter, and between annual tests if an event occurs, or circumstances change, that would more likely than not reduce the fair value of a reporting unit below its carrying value.
 
OTHER INTANGIBLE ASSETS

Our other intangible assets consist of the following at June 30, 2018 and March 31, 2018 (in thousands):
 
  
June 30, 2018
  
March 31, 2018
 
  
Gross
 Carrying
 Amount
  
Accumulated
Amortization /
Impairment
Loss
  
Net Carrying
Amount
  
Gross
Carrying
Amount
  
Accumulated
 Amortization /
Impairment
 Loss
  
Net Carrying
 Amount
 
                   
Customer relationships & other intangibles
 
$
41,839
  
$
(20,324
)
 
$
21,515
  
$
41,895
  
$
(18,634
)
 
$
23,261
 
Capitalized software development
  
5,356
   
(2,197
)
  
3,159
   
5,608
   
(2,567
)
  
3,041
 
Total
 
$
47,195
  
$
(22,521
)
 
$
24,674
  
$
47,503
  
$
(21,201
)
 
$
26,302
 

Customer relationships and capitalized software development costs are amortized over an estimated useful life, which is generally between 3 to 8 years. Trade names and trademarks are amortized over an estimated useful life of 10 years.

Total amortization expense for other intangible assets was $1.8 million and $1.1 million for the three months ended June 30, 2018 and 2017, respectively.