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Intangible Assets
6 Months Ended
Sep. 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:

 

 

 

September 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

 

 

(34,489

)

 

 

(191

)

 

 

(14,646

)

 

 

(1,302

)

 

 

(542

)

 

 

(51,170

)

Net intangible assets

 

$

10,211

 

 

$

59

 

 

$

7,854

 

 

$

4,948

 

 

$

1,408

 

 

$

24,480

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 $1,189 and $705 for the three months ended September 30, 2023 and 2022, respectively. Amortization expense related to the software technology and data health database intangible assets recorded as cost of revenue was $1,055 and $1,373 for the three months ended September 30, 2023 and 2022, respectively.

Amortization expense related to the customer relationships, trade names, and re-acquired rights intangible assets recorded as operating expenses in the condensed consolidated statements of net income and comprehensive income was $2,377 and $1,410 for the six months ended September 30, 2023 and 2022, respectively. Amortization expense related to software technology and data health database intangible assets recorded as cost of revenue was $2,111 and $3,154 for the six months ended September 30, 2023 and 2022, respectively.

During the six months ended September 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 September 30, 2023:

 

 

 

Estimated Remaining Amortization Expense

 

 

 

Operating
Expense

 

 

Cost of
Revenue

 

 

Total

 

For the year ended March 31,

 

 

 

 

 

 

 

 

 

2024

 

$

2,377

 

 

$

2,111

 

 

$

4,488

 

2025

 

 

4,180

 

 

 

4,223

 

 

 

8,403

 

2026

 

 

3,596

 

 

 

2,684

 

 

 

6,280

 

2027

 

 

2,232

 

 

 

244

 

 

 

2,476

 

2028 and beyond

 

 

2,833

 

 

 

 

 

 

2,833

 

Total

 

$

15,218

 

 

$

9,262

 

 

$

24,480