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Intangible Assets
9 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

7. Intangible Assets

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

 

 

 

December 31, 2021

 

 

 

Customer

Relationships

 

 

Trade Names

 

 

Software

Technology

 

 

Total

 

Gross carrying amount

 

$

39,200

 

 

$

250

 

 

$

49,000

 

 

$

88,450

 

Accumulated amortization

 

 

(28,955

)

 

 

(104

)

 

 

(31,989

)

 

 

(61,048

)

Net intangible assets

 

$

10,245

 

 

$

146

 

 

$

17,011

 

 

$

27,402

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2021

 

 

 

Customer

Relationships

 

 

Trade Names

 

 

Software

Technology

 

 

Total

 

Gross carrying amount

 

$

39,200

 

 

$

250

 

 

$

91,500

 

 

$

130,950

 

Accumulated amortization

 

 

(26,349

)

 

 

(67

)

 

 

(67,834

)

 

 

(94,250

)

Net intangible assets

 

$

12,851

 

 

$

183

 

 

$

23,666

 

 

$

36,700

 

 

Amortization expense related to customer relationships and trade names recorded as operating expenses in the condensed consolidated statements of net income and comprehensive income was $881 and $1,112 for the three months ended December 31, 2021 and 2020, respectively. Amortization expense related to software technology recorded as cost of revenue was $2,218 and $4,344 for the three months ended December 31, 2021 and 2020, respectively.

Amortization expense related to customer relationships and trade names recorded as operating expenses in the condensed consolidated statements of net income and comprehensive income was $2,643 and $3,336 for the nine months ended December 31, 2021 and 2020, respectively. Amortization expense related to software technology recorded as cost of revenue was $6,654 and $14,352 for the nine months ended December 31, 2021 and 2020, respectively.

The following table summarizes the remaining estimated amortization of definite-lived intangible assets as of December 31, 2021:

 

 

 

Estimated Remaining Amortization Expense

 

 

 

Operating

Expense

 

 

Cost of

Revenue

 

 

Total

 

For the year ended March 31,

 

 

 

 

 

 

 

 

 

 

 

 

2022 (remaining three months)

 

$

881

 

 

$

2,218

 

 

$

3,099

 

2023

 

 

2,820

 

 

 

5,154

 

 

 

7,974

 

2024

 

 

2,279

 

 

 

3,573

 

 

 

5,852

 

2025

 

 

1,846

 

 

 

3,573

 

 

 

5,419

 

2026

 

 

1,377

 

 

 

2,251

 

 

 

3,628

 

2027 and beyond

 

 

1,188

 

 

 

242

 

 

 

1,430

 

Total

 

$

10,391

 

 

$

17,011

 

 

$

27,402