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Intangible Assets
3 Months Ended
Jun. 30, 2023
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

9. Intangible Assets

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

 

 

 

June 30, 2023

 

 

 

Customer
Relationships

 

 

Trade Names

 

 

Software
Technology

 

 

Re-acquired Rights

 

 

Data Health Database

 

 

Total

 

Gross carrying amount

 

$

44,700

 

 

$

250

 

 

$

22,500

 

 

$

6,250

 

 

$

1,950

 

 

$

75,650

 

Accumulated amortization

 

 

(33,703

)

 

 

(179

)

 

 

(13,753

)

 

 

(912

)

 

 

(379

)

 

 

(48,926

)

Net intangible assets

 

$

10,997

 

 

$

71

 

 

$

8,747

 

 

$

5,338

 

 

$

1,571

 

 

$

26,724

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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 $1,188 and $705 for the three months ended June 30, 2023 and 2022, respectively. Amortization expense related to the software technology and data health database intangible assets recorded as cost of revenue was $1,056 and $1,781 for the three months ended June 30, 2023 and 2022, respectively.

During the three months ended June 30, 2023, we retired $3,200 of fully amortized software technology related to our Inforth acquisition.

The following table summarizes the remaining estimated amortization of definite-lived intangible assets as of June 30, 2023:

 

 

 

Estimated Remaining Amortization Expense

 

 

 

Operating
Expense

 

 

Cost of
Revenue

 

 

Total

 

For the year ended March 31,

 

 

 

 

 

 

 

 

 

2024

 

$

3,565

 

 

$

3,167

 

 

$

6,732

 

2025

 

 

4,180

 

 

 

4,223

 

 

 

8,403

 

2026

 

 

3,596

 

 

 

2,684

 

 

 

6,280

 

2027

 

 

2,232

 

 

 

244

 

 

 

2,476

 

2028

 

 

727

 

 

 

 

 

 

727

 

2028 and beyond

 

 

2,106

 

 

 

 

 

 

2,106

 

Total

 

$

16,406

 

 

$

10,318

 

 

$

26,724