XML 28 R15.htm IDEA: XBRL DOCUMENT v3.22.2.2
Intangible Assets
6 Months Ended
Sep. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

8. Intangible Assets

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

 

 

 

September 30, 2022

 

 

 

Customer

Relationships

 

 

Trade Names

 

 

Software

Technology

 

 

Total

 

Gross carrying amount

 

$

39,200

 

 

$

250

 

 

$

38,500

 

 

$

77,950

 

Accumulated amortization

 

 

(31,209

)

 

 

(141

)

 

 

(26,861

)

 

 

(58,211

)

Net intangible assets

 

$

7,991

 

 

$

109

 

 

$

11,639

 

 

$

19,739

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 customer relationships and trade names recorded as operating expenses in the condensed consolidated statements of net income (loss) and comprehensive income (loss) was $705 and $881 for the three months ended September 30, 2022 and 2021, respectively. Amortization expense related to software technology recorded as cost of revenue was $1,373 and $2,218 for the three months ended September 30, 2022 and 2021, respectively.

Amortization expense related to customer relationships and trade names recorded as operating expenses in the condensed consolidated statements of net income (loss) and comprehensive income (loss) was $1,410 and $1,762 for the six months ended September 30, 2022 and 2021, respectively. Amortization expense related to software technology recorded as cost of revenue was $3,154 and $4,436 for the six months ended September 30, 2022 and 2021, respectively.

During the three months ended September 30, 2022, we retired $10,500 of fully amortized software technology related to our Entrada acquisition.

The following table summarizes the remaining estimated amortization of definite-lived intangible assets as of September 30, 2022:

 

 

 

Estimated Remaining Amortization Expense

 

 

 

Operating

Expense

 

 

Cost of

Revenue

 

 

Total

 

For the year ended March 31,

 

 

 

 

 

 

 

 

 

 

 

 

2023 (remaining six months)

 

$

1,410

 

 

$

2,000

 

 

$

3,410

 

2024

 

 

2,279

 

 

 

3,573

 

 

 

5,852

 

2025

 

 

1,846

 

 

 

3,573

 

 

 

5,419

 

2026

 

 

1,377

 

 

 

2,251

 

 

 

3,628

 

2027

 

 

631

 

 

 

242

 

 

 

873

 

2028 and beyond

 

 

557

 

 

 

-

 

 

 

557

 

Total

 

$

8,100

 

 

$

11,639

 

 

$

19,739