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Intangible Assets
 12 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

10. Intangible Assets

Our definite-lived intangible assets, other than capitalized software development costs, are summarized as follows:

 

 

 

March 31, 2023

 

 

 

Customer
Relationships

 

 

Trade Names

 

 

Software
Technology

 

 

Re-acquired Rights

 

 

Data Health Database

 

 

Total

 

Gross carrying amount

 

$

44,700

 

 

$

250

 

 

$

25,700

 

 

$

6,250

 

 

$

1,950

 

 

$

78,850

 

Accumulated amortization

 

 

(32,918

)

 

 

(166

)

 

 

(16,060

)

 

 

(521

)

 

 

(217

)

 

 

(49,882

)

Net intangible assets

 

$

11,782

 

 

$

84

 

 

$

9,640

 

 

$

5,729

 

 

$

1,733

 

 

$

28,968

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2022

 

 

 

 

 

 

 

 

 

Customer
Relationships

 

 

Trade Names

 

 

Software
Technology

 

 

Total

 

 

 

 

 

 

 

Gross carrying amount

 

$

39,200

 

 

$

250

 

 

$

49,000

 

 

$

88,450

 

 

 

 

 

 

 

Accumulated amortization

 

 

(29,824

)

 

 

(116

)

 

 

(34,207

)

 

 

(64,147

)

 

 

 

 

 

 

Net intangible assets

 

$

9,376

 

 

$

134

 

 

$

14,793

 

 

$

24,303

 

 

 

 

 

 

 

 

 

 

Amortization expense related to the customer relationships, trade names, and re-acquired rights intangible assets recorded as operating expenses in the consolidated statements of net income and comprehensive income was $3,665, $3,525, and $4,449 for the years ended March 31, 2023, 2022 and 2021, respectively. Amortization expense related to the software technology and data health database intangible assets recorded as cost of revenue was $5,370, $8,872, and $16,660 for the years ended March 31, 2023, 2022, and 2021, respectively.

During the year ended March 31, 2023, we retired $10,500 of fully amortized software technology related to our Entrada acquisition and $12,800 of fully amortized software technology related to our EagleDream acquisition.

The following table summarizes the remaining estimated amortization of definite-lived intangible assets as of March 31, 2023:

 

 

 

Estimated Remaining Amortization Expense

 

 

 

Operating
Expense

 

 

Cost of
Revenue

 

 

Total

 

For the year ended March 31,

 

 

 

 

 

 

 

 

 

2024

 

$

4,754

 

 

$

4,223

 

 

$

8,977

 

2025

 

 

4,180

 

 

 

4,223

 

 

 

8,403

 

2026

 

 

3,596

 

 

 

2,684

 

 

 

6,280

 

2027

 

 

2,232

 

 

 

243

 

 

 

2,475

 

2028 and beyond

 

 

2,833

 

 

 

—

 

 

 

2,833

 

Total

 

$

17,595

 

 

$

11,373

 

 

$

28,968