Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS AND GOODWILL

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INTANGIBLE ASSETS AND GOODWILL
3 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL
INTANGIBLE ASSETS AND GOODWILL
We evaluate our amortizable and indefinite-lived intangible assets (“long-lived assets”) for impairment whenever indicators of impairment exist. We concluded the carrying amount of our long-lived assets was recoverable and there was no impairment in the first quarter of fiscal 2016 or 2015. The following provides a summary of the carrying value of intangible assets (in thousands):
 
As of
 
June 30, 2015
 
March 31, 2015
 
Gross
Amount
 
Accumulated
Amortization
 
Net
Amount
 
Gross
Amount
 
Accumulated
Amortization
 
Net
Amount
Purchased technology
$
179,992

 
$
(179,398
)
 
$
594

 
$
179,992

 
$
(179,261
)
 
$
731

Trademarks
3,900

 
(3,900
)
 

 
3,900

 
(3,900
)
 

Customer lists
66,219

 
(66,219
)
 

 
66,219

 
(66,219
)
 

 
$
250,111

 
$
(249,517
)
 
$
594

 
$
250,111

 
$
(249,380
)
 
$
731


We evaluate goodwill for impairment annually during the fourth quarter of our fiscal year, or more frequently when indicators of impairment are present. There were no changes to goodwill balances during the first quarter of fiscal 2016. The following table provides a summary of the goodwill balance at both June 30, 2015 and March 31, 2015 (in thousands):
 
Goodwill
 
Accumulated
Impairment Losses
 
Net Amount
Balance
$
394,613

 
$
(339,000
)
 
$
55,613