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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Dec. 31, 2021
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, 2021 as follows (in thousands):
Balance at March 31, 2021$1,717,554 
Foreign currency translation impact3,159 
Balance at December 31, 2021$1,720,713 
Schedule of Intangible Assets
Intangible assets include the following amortizable intangible assets at December 31, 2021 (in thousands):
CostAccumulated
Amortization
Net
Developed technology$251,072 $(221,842)$29,230 
Customer relationships772,339 (372,349)399,990 
Distributor relationships and technology licenses11,408 (8,639)2,769 
Definite-lived trademark and trade name (a)57,877 (36,380)21,497 
Core technology7,192 (7,192)— 
Non-compete agreements292 (292)— 
Capitalized software 3,317 (3,314)
Other1,208 (978)230 
$1,104,705 $(650,986)$453,719 
(a) The Company's $18.6 million acquired trade name changed from indefinite-lived during the first quarter of fiscal year 2022.
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, 2021 (in thousands):
CostAccumulated
Amortization
Net
Developed technology$252,071 $(212,688)$39,383 
Customer relationships775,898 (333,903)441,995 
Distributor relationships and technology licenses11,469 (7,829)3,640 
Definite-lived trademark and trade name39,434 (31,467)7,967 
Core technology7,192 (7,192)— 
Net beneficial leases336 (336)— 
Non-compete agreements292 (292)— 
Capitalized software 3,317 (3,281)36 
Other1,208 (963)245 
$1,091,217 $(597,951)$493,266 
Finite-lived Intangible Assets Amortization Expense The following table provides a summary of amortization expense for the three and nine months ended December 31, 2021 and 2020, respectively (in thousands):
Three Months EndedNine Months Ended
December 31,December 31,
2021202020212020
Amortization of intangible assets included as:
    Cost of product revenue$3,643 $5,177 $10,959 $15,510 
    Operating expense14,924 15,278 44,910 45,912 
$18,567 $20,455 $55,869 $61,422 
Schedule of Expected Future Amortization Expense
The following is the expected future amortization expense at December 31, 2021 for the fiscal years ending March 31 (in thousands):
2022 (remaining three months)$18,491 
202366,446 
202458,225 
202551,025 
202646,687 
Thereafter212,845 
$453,719