INTANGIBLE ASSETS AND GOODWILL

6 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles are comprised of the following:



	September 30, 2012		March 31, 2012
Intangible assets:
Deferred financing costs	$	2,064	$	6,336
Trademarks and trade names	1,034		1,023
Customer relationships and contracts	18,357		18,165
Total identifiable intangibles	$	21,455	$	25,524
Accumulated amortization:
Deferred financing costs	$	44	$	2,487
Trademarks and trade names	680		622
Customer relationships and contracts	6,997		6,314
Total accumulated amortization	7,721		9,423
Net intangible assets	$	13,734	$	16,101
Goodwill	$	10,193	$	10,193

As discussed in Note 14, as a result of execution of the Third Amended and Restated Credit Agreement, the Company recognized a loss on extinguishment of debt of $3,339 during the three and six month periods ended September 30, 2012, which loss included deferred financing costs in connection with previously existing financing arrangements. The Company accrued $2,064 of new third party deferred financing costs related to the Third Amended and Restated Credit Agreement.

Intangible asset amortization over the next five years is estimated as follows:

Twelve month period ending:



September 30, 2013	$	1,854
September 30, 2014	1,854
September 30, 2015	1,854
September 30, 2016	1,707
September 30, 2017	1,224
	$	8,493

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details