Intangible Assets and Goodwill

6 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets as of September 30, 2022 and March 31, 2022 consisted of the following (in thousands):


	September 30, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Book Value
Purchased software	$	447	$	(406)	$	41
Internally developed software	3,418		(281)		3,137
In-place lease and other intangibles	1,094		(151)		943
Customer relationships	6,651		(555)		6,096
Patents	1,112		(1,103)		9
Other	1,408		(1,016)		392
	14,130		(3,512)		10,618
In-process software	104		—		104
Intangible assets, total	$	14,234	$	(3,512)	$	10,722


	March 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Book Value
Purchased software	$	447	$	(386)	$	61
Internally developed software	4,112		(139)		3,973
In-place lease and other intangibles	1,108		(63)		1,045
Customer relationships	7,694		(339)		7,355
Patents	1,112		(1,101)		11
Other	1,391		(919)		472
	15,864		(2,947)		12,917
In-process software	343		—		343
Intangible assets, total	$	16,207	$	(2,947)	$	13,260

During the quarter ended September 30, 2022, the Company impaired $0.3 million of previously capitalized costs related to a software project that was deemed no longer probable to be completed and placed in service.

Based on the intangible assets recorded at September 30, 2022 and assuming no subsequent additions to or impairment of the underlying assets, the remaining estimated annual amortization expense is expected to be as follows:


(In thousands)
Year ending March 31,	Amortization
2023 (excluding the six months ended September 30, 2022)	$	567
2024	1,027
2025	955
2026	887
2027	846
2028	799
Thereafter	5,537
	$	10,618

The carrying amount of goodwill as of September 30, 2022 and March 31, 2022 was $10.1 million. There was no impairment on goodwill during the quarter ended September 30, 2022.