Acquired Intangible Assets, net

9 Months Ended

Jan. 31, 2015

Acquired Intangible Assets, net

7. Acquired Intangible Assets, net

Acquired intangible assets, net, as of January 31, 2015 and April 30, 2014 for continuing operations are as follows (in thousands):

	January 31,							April 30,
	2015							2014
	Gross Fair Value		Accumulated Amortization			Net Book Value		Gross Fair Value		Accumulated Amortization			Net Book Value
Customer relationships	$	11,835	$	(2,612	)	$	9,223	$	11,835	$	(1,684	)	$	10,151
Developed technology		3,265		(518	)		2,747		3,265		(28	)		3,237
Total	$	15,100	$	(3,130	)	$	11,970	$	15,100	$	(1,712	)	$	13,388

Acquired intangible assets, net, as of April 30, 2014 for discontinued operations are as follows (in thousands):

	April 30, 2014
	Gross Fair Value		Accumulated Amortization			Impairment			Net Book Value
Customer relationships	$	39,966	$	(7,463	)	$	(2,354	)	$	30,149
Developed technology		5,400		(3,390	)		(146	)		1,864
Domain name (indefinite useful life)		800		—			—			800
Total	$	46,166	$	(10,853	)	$	(2,500	)	$	32,813

Because the sale of the PowerReviews business was completed on July 2, 2014 there were no acquired intangible assets, net, for discontinued operations as of January 31, 2015.

The amortization of customer relationships is recorded as amortization expenses and the amortization for developed technology is amortized to cost of revenue.

The following table presents our estimate of future amortization expenses for definite-lived intangible assets (in thousands):

Fiscal period:	Amount
Remaining three months of Fiscal year 2015	$	472
Fiscal year 2016		1,890
Fiscal year 2017		1,890
Fiscal year 2018		1,890
Fiscal year 2019		1,856
Thereafter		3,972
Total	$	11,970