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Goodwill and Intangible Assets
12 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
GOODWILL AND INTANGIBLE ASSETS
Goodwill
As of March 31, 2019 and 2018, goodwill was $1,581.2 million and $1,581.1 million, respectively.
The Company performed an annual impairment test of goodwill as of January 1, 2019 and 2018, and we did not identify any impairment.
Intangible Assets
Intangible assets consisted of the following:
 
 
 
March 31, 2019
 
March 31, 2018
 
Weighted
Average remaining period of
amortization
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
 
(in years)
 
 
 
 
 
 
 
 
 
 
 
 
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships and other amortizable intangible assets
8.8
 
$
115,814

 
$
60,762

 
$
55,052

 
$
115,808

 
$
45,036

 
$
70,772

Software
3.7
 
88,338

 
46,539

 
41,799

 
59,051

 
41,519

 
17,532

Total amortizable intangible assets
7.5
 
$
204,152

 
$
107,301

 
$
96,851

 
$
174,859

 
$
86,555

 
$
88,304

Unamortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Trade name
 
 
$
190,200

 
$

 
$
190,200

 
$
190,200

 
$

 
$
190,200

Total
 
 
$
394,352

 
$
107,301

 
$
287,051

 
$
365,059

 
$
86,555

 
$
278,504


Intangible assets, net include software purchased and developed that was reclassified from property plant and equipment as of March 31, 2019 and 2018, respectively. Intangible assets are generally amortized on an accelerated basis over periods ranging from 3 years to 12 years.
The Company performed an annual impairment test of the trade name as of January 1, 2019 and 2018, and did not identify any impairment. However, the Company recognized an impairment charge of $3.8 million in fiscal 2017 for acquired technology, customer relationships and other intangible assets associated with a historical business acquisition. During fiscal 2018, gross carrying value and accumulated amortization were reduced related to fully-amortized intangible assets.
Amortization expense for fiscal 2019, 2018, and 2017 was $20.9 million, $20.7 million, and $17.9 million, respectively.
The following table summarizes the estimated annual amortization expense for future periods, which does not reflect amortization expense for certain intangible assets that are not yet placed in service, as indicated below:
For the Fiscal Year Ended March 31,
2020
$
18,863

2021
15,421

2022
11,433

2023
9,667

2024
6,401

Thereafter
12,532

Total estimated amortization expense
$
74,317