INTANGIBLE ASSETS AND GOODWILL

3 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL

The carrying value of intangible assets consisted of the following (dollars in thousands):

	June 30, 2023						March 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Technology	$	46,451	$	(30,468)	$	15,983	$	46,461	$	(28,361)	$	18,100
Customer relationships	105,826		(19,796)		86,030		105,836		(16,824)		89,012
Trade names and domains	583		(583)		—		584		(584)		—
Total acquired identifiable intangible assets	$	152,860	$	(50,847)	$	102,013	$	152,881	$	(45,769)	$	107,112

As of June 30, 2023, the weighted average remaining useful lives for technology and customer relationships were 2.1 years and 7.4 years, respectively.

The annual amortization of the Company's intangible assets, based upon existing intangible assets and current useful lives, is estimated to be as follows (dollars in thousands):

	Amount
Remainder of 2024	$	15,297
2025	19,095
2026	13,896
2027	11,757
2028	11,044
Thereafter	30,924
Total	$	102,013

The following table provides a summary of the changes in the carrying amounts of goodwill (dollars in thousands):

	Amount
Balance as of March 31, 2023	$	266,863
Foreign currency translation	(477)
Balance as of June 30, 2023	$	266,386