Intangible Assets and Software Development Costs

12 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Software Development Costs

5. Intangible Assets, Goodwill, and Software Development Costs

The following table summarizes our intangible assets and software development costs at March 31, 2023, and 2022:

	March 31, 2023										March 31, 2022
	Gross								Net		Gross								Net
	carrying		Accumulated			Accumulated			carrying		carrying		Accumulated			Accumulated			carrying
(In thousands)	amount		amortization			Impairment			amount		amount		amortization			impairment			amount
Finite-lived intangible assets:
Customer relationships	$	19,809	$	(11,529	)	$	—		$	8,280	$	20,391	$	(10,938	)	$	—		$	9,453
Non-competition agreements		3,487		(3,192	)		—			295		3,547		(2,808	)		—			739
Developed technology		11,166		(10,590	)		—			576		11,224		(10,440	)		—			784
Trade names		1,015		(426	)		—			589		1,075		(273	)		—			802
Patented technology		80		(80	)		—			—		80		(80	)		—			—
		35,557		(25,817	)		—			9,740		36,317		(24,539	)		—			11,778
Indefinite-lived trade names		8,400	N/A				—			8,400		8,400	N/A				—			8,400
Total intangible assets	$	43,957	$	(25,817	)	$	—		$	18,140	$	44,717	$	(24,539	)	$	—		$	20,178
(In thousands)
Software development costs	$	67,541	$	(45,535	)	$	(22,006	)	$	—	$	67,541	$	(45,535	)	$	(22,006	)	$	—

During the year ended March 31, 2023, goodwill increased $0.8 million due to business combination activity and decreased $0.9 million due to foreign currency translation. During the year ended March 31, 2022, goodwill increased $13.1 million due to business combination activity.

During the year ended March 31, 2023, finite-lived intangible assets decreased $1.3 million due to amortization expense and decreased $0.8 million due to foreign currency translation. During the year ended March 31, 2022, finite-lived intangible assets increased $12.2 million due to business combination activity and $0.4 million due to amortization expense.

See Note 15, Business Combination, for more information on business combination activity.

Estimated future amortization expense on finite-lived intangible assets is as follows:

(In thousands)	Estimated Amortization Expense
Fiscal year ending March 31,
2024	$	1,208
2025		913
2026		913
2027		835
2028		602
Thereafter		5,269
Total	$	9,740

Indefinite-lived intangible assets, comprised of our purchased trade name InfoGenesis as of March 31, 2023 and 2022 are tested for impairment upon identification of impairment indicators or at least annually. An impairment loss is recognized if the carrying amount is greater than fair value. The InfoGenesis indefinite-lived purchased trade name impairment testing resulted in a fair value exceeding the carrying amount for the years ending March 31, 2023, 2022 and 2021.