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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
The following table summarizes the changes in the carrying amount of goodwill for the nine months ended December 31, 2020 as follows (in thousands):
Balance at March 31, 2020$1,725,680 
Foreign currency translation impact(11,571)
Balance at December 31, 2020$1,714,109 
Schedule of Intangible Assets
Intangible assets include the indefinite-lived trade name with a carrying value of $18.6 million and the following amortizable intangible assets at December 31, 2020 (in thousands):
CostAccumulated
Amortization
Net
Developed technology$253,206 $(208,894)$44,312 
Customer relationships779,940 (321,257)458,683 
Distributor relationships and technology licenses11,539 (7,608)3,931 
Definite-lived trademark and trade name39,610 (30,369)9,241 
Core technology7,193 (7,163)30 
Net beneficial leases336 (336)— 
Non-compete agreements292 (292)— 
Leasehold interest 500 (500)— 
Backlog16,613 (16,613)— 
Capitalized software 3,317 (3,270)47 
Other1,208 (957)251 
$1,113,754 $(597,259)$516,495 
Intangible assets include the indefinite-lived trade name with a carrying value of $18.6 million and the following amortizable intangible assets at March 31, 2020 (in thousands):
CostAccumulated
Amortization
Net
Developed technology$249,675 $(191,876)$57,799 
Customer relationships767,366 (275,361)492,005 
Distributor relationships and technology licenses6,785 (6,321)464 
Definite-lived trademark and trade name39,059 (26,246)12,813 
Core technology7,192 (7,074)118 
Net beneficial leases336 (336)— 
Non-compete agreements292 (292)— 
Leasehold interest 500 (500)— 
Backlog16,223 (16,223)— 
Capitalized software 3,317 (3,202)115 
Other1,208 (943)265 
$1,091,953 $(528,374)$563,579 
Finite-lived Intangible Assets Amortization Expense The following table provides a summary of amortization expense for the three and nine months ended December 31, 2020 and 2019, respectively (in thousands):
Three Months EndedNine Months Ended
December 31,December 31,
2020201920202019
Amortization of intangible assets included as:
    Cost of product revenue$5,177 $6,564 $15,510 $20,043 
    Operating expense15,278 16,125 45,912 48,410 
$20,455 $22,689 $61,422 $68,453 
Schedule of Expected Future Amortization Expense
The following is the expected future amortization expense at December 31, 2020 for the fiscal years ending March 31 (in thousands):
2021 (remaining three months)$20,352 
202271,881 
202364,112 
202455,830 
202548,729 
Thereafter255,591 
$516,495