Goodwill and Acquired Intangible Assets

6 Months Ended

Sep. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Acquired Intangible Assets

Note 5 — Goodwill and Acquired Intangible Assets

During the six months ended September 30, 2020, the increase in the Company’s goodwill related to the effects of foreign currency translation recorded within all three of the Company’s segments. During the six months ended September 30, 2019, the decrease in the Company’s goodwill related to the effects of foreign currency translation recorded within all three of the Company’s segments.

Other acquired intangible assets are amortized using the straight-line method over their estimated useful lives of two to ten years. Amortization expense related to other acquired intangible assets was $1.3 million and $2.0 million for the three months ended September 30, 2020 and 2019, respectively, and $2.9 million and $4.1 million for the six months ended September 30, 2020 and 2019, respectively.

The expected amortization expense of amortizable acquired intangible assets may change due to the effects of foreign currency fluctuations as a result of international businesses acquired. Current and expected amortization expense for acquired intangible assets for each of the following periods is as follows:

	Amortization
	(In thousands)
For the six months ended September 30, 2020	$	2,858
Expected for the remainder of fiscal year 2021	$	2,412
Expected for fiscal year 2022		3,297
Expected for fiscal year 2023		2,993
Expected for fiscal year 2024		2,472
Expected for fiscal year 2025		856
Thereafter		—
	$	12,030