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Goodwill and Intangible Assets (Tables)
3 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of change in the carrying amount of goodwill

The change in the carrying amount of goodwill as of June 30, 2024 was as follows:

(In thousands)

Gross Carrying Amount

 

 

Additions

 

 

Impairment

 

 

Net Book Value

 

Goodwill

$

-

 

 

$

10,434

 

 

$

-

 

 

 

10,434

 

 

$

-

 

 

$

10,434

 

 

$

-

 

 

$

10,434

 

Schedule of Intangible assets

Intangible assets consist of the following as of June 30, 2024:

 

(In thousands)

Weighted Average Remaining Amortization Period

 

 

Gross Carrying Amount

 

 

Additions

 

 

Impairment

 

 

Accumulated Amortization

 

 

Net Book Value

 

Definite lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subscriber relationships

 

13.97

 

 

$

-

 

 

$

7,300

 

 

$

-

 

 

$

(22

)

 

$

7,278

 

Trade name

 

20.94

 

 

 

-

 

 

 

3,000

 

 

 

-

 

 

 

(6

)

 

 

2,994

 

Internally developed software

 

4.96

 

 

 

-

 

 

 

250

 

 

 

-

 

 

 

(2

)

 

 

248

 

 

 

 

 

 

-

 

 

 

10,550

 

 

 

-

 

 

 

(30

)

 

 

10,520

 

Indefinite lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CBRS FCC license

 

 

 

 

-

 

 

 

580

 

 

 

-

 

 

 

-

 

 

 

580

 

 

 

 

 

 

-

 

 

 

580

 

 

 

-

 

 

 

-

 

 

 

580

 

 

 

 

 

$

-

 

 

$

11,130

 

 

$

-

 

 

$

(30

)

 

$

11,100

 

Schedule of future expected amortization expense for intangible assets

As of June 30, 2024, the future expected amortization expense for intangible assets is as follows:

(In thousands)

 

 

Remainder of FY 2025

$

536

 

FY 2026

 

714

 

FY 2027

 

714

 

FY 2028

 

714

 

FY 2029

 

714

 

Thereafter

 

7,128

 

Total

$

10,520