Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.4.0.3
Intangible Assets
12 Months Ended
Mar. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 4 – Intangible Assets:

Intangible assets are comprised of the following:

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

At March 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

Intangibles subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

2,700

 

 

$

952

 

 

$

1,748

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangibles not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Permits

 

$

10,300

 

 

$

 

 

$

10,300

 

Tradename

 

 

2,500

 

 

 

 

 

 

2,500

 

 

 

$

12,800

 

 

$

 

 

$

12,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At March 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

Intangibles subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

2,700

 

 

$

772

 

 

$

1,928

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangibles not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Permits

 

$

10,300

 

 

$

 

 

$

10,300

 

Tradename

 

 

2,500

 

 

 

 

 

 

2,500

 

 

 

$

12,800

 

 

$

 

 

$

12,800

 

 

Intangible assets are amortized on a straight line basis over their estimated useful lives.  Intangible amortization expense was $180 in each of fiscal 2016, fiscal 2015 and fiscal 2014.  As of March 31, 2016, amortization expense is estimated to be $180 in each of the fiscal years ending March 31, 2017, 2018, 2019, 2020 and 2021.

There was no change in goodwill during fiscal 2016 or fiscal 2015.  Goodwill was $6,938 at March 31, 2016 and 2015.