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Intangible Assets and Software Development Costs (Tables)
12 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

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
Schedule of estimated future amortization expense on finite-lived intangible assets

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