GOODWILL & INTANGIBLE ASSETS (Tables)

12 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the fiscal years ended March 31, 2023 and 2022 are as follows (in thousands):

Balance at March 31, 2021	$	1,717,554
Foreign currency translation impact	5,602
Balance at March 31, 2022	$	1,723,156
Foreign currency translation impact	1,248
Balance at March 31, 2023	$	1,724,404

Schedule of Intangible Assets

Intangible assets include the following amortizable intangible assets at March 31, 2023 (in thousands):

	Estimated Useful Life in Years	Cost		Accumulated Amortization		Net
Developed technology	3 - 13 years	$	249,903	$	(233,440)	$	16,463
Customer relationships	8 - 18 years	768,179		(433,876)		334,303
Distributor relationships and technology licenses	1 - 6 years	11,547		(10,133)		1,414
Definite-lived trademark and trade name	2 - 9 years	57,694		(43,489)		14,205
Core technology	10 years	7,192		(7,192)		—
Non-compete agreements	3 years	292		(292)		—
Capitalized software	3 years	3,317		(3,317)		—
Other	1 - 20 years	1,208		(1,002)		206
		$	1,099,332	$	(732,741)	$	366,591

Intangible assets include the following amortizable intangible assets at March 31, 2022 (in thousands):

	Estimated Useful Life in Years	Cost		Accumulated Amortization		Net
Developed technology	3 - 13 years	$	250,247	$	(224,426)	$	25,821
Customer relationships	8 - 18 years	769,404		(384,347)		385,057
Distributor relationships and technology licenses	1 - 6 years	11,408		(8,896)		2,512
Definite-lived trademark and trade name (a)	2 - 9 years	57,748		(37,944)		19,804
Core technology	10 years	7,192		(7,192)		—
Non-compete agreements	3 years	292		(292)		—
Capitalized software	3 years	3,317		(3,317)		—
Other	1 - 20 years	1,208		(983)		225
		$	1,100,816	$	(667,397)	$	433,419

(a) The Company’s $18.6 million acquired trade name changed from indefinite-lived to definite-lived during the first quarter of fiscal year 2022.

Schedule of Amortization Expense

The following table provides a summary of amortization expense during the fiscal years ended March 31, 2023, 2022, and 2021 (in thousands).

	Years Ended March 31,
	2023		2022		2021
Amortization of intangible assets included as:
Cost of product revenue	10,542		14,600		20,457
Operating expense	55,410		59,761		61,151
	$	65,952	$	74,361	$	81,608

Schedule of Expected Future Amortization Expense

The following is the expected future amortization expense at March 31, 2023 for the fiscal years ended March 31 (in thousands):

2024	$	57,987
2025	50,809
2026	46,446
2027	43,566
2028	40,608
Thereafter	127,175
Total	$	366,591