Goodwill and Intangible Assets (Tables)

6 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets

Schedule of changes in goodwill

	September 30, 2019
Balance at April 1, 2019	$	279,543
Foreign currency translation adjustments		(2,482)
Balance at September 30, 2019	$	277,061

Schedule of intangible asset carrying amounts acquired and amortization

The following are details of the Company’s intangible asset carrying amounts acquired and amortization at September 30, 2019:

	September 30, 2019
	Weighted	Gross				Net
	Average	Carrying		Accumulated		Carrying
	Useful Life	Amount		Amortization		Amount
Amortizable intangible assets:
Customer relationships	12.4	$	139,684	$	39,603	$	100,081
Trademark	2.0		900		679		221
Technology	5.0		500		435		65
Other	5.0		1,037		74		963
	12.2	$	142,121	$	40,791	$	101,330

During the three months ended June 30, 2019, the Company acquired certain assets of a small consulting company located in the United States. The purchase price was approximately $4,251 in cash paid at closing and an additional earn-out consideration of up to $4,453, payable within one year based on achievement of certain revenue targets. The probable and estimable value of the contingent consideration as of September 30, 2019 is $4,058.

During the three months ended September 30, 2019, the Company’s U.S. subsidiary, eTouch Systems Corp. acquired certain assets of a small consulting company located in the United States. The purchase price was approximately $4,000 in cash and an additional earn-out consideration of up to $4,000 payable within one year based on achievement of certain revenue targets. The probable and estimable value of the contingent consideration as of September 30, 2019 is $3,745.

The following are the details of the Company’s intangible asset carrying amounts acquired, and amortization at March 31, 2019:

	March 31, 2019
	Weighted	Gross				Net
	Average	Carrying		Accumulated		Carrying
	Useful Life	Amount		Amortization		Amount
Amortizable intangible assets:
Customer relationships	13.0	$	125,520	$	33,679	$	91,841
Trademark	2.0		900		431		469
Technology	5.0		500		370		130
	12.9	$	126,920	$	34,480	$	92,440