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Goodwill and Other Intangible Assets | 12 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The Company’s goodwill and other intangible assets are recorded in the consolidated balance sheets as follows:
| As of March 31,
| 2023 |  | 2022
Goodwill |  |  |
UGG brand | $ | 6,101 |  |  | $ | 6,101 |
HOKA brand | 7,889 |  |  | 7,889 |
Total goodwill | 13,990 |  |  | 13,990 |
Other intangible assets |  |  |
Indefinite-lived intangible assets |  |  |
Trademarks | 15,454 |  |  | 15,454 |
Definite-lived intangible assets |  |  |
Trademarks | 51,723 |  |  | 51,723 |
Other | 51,313 |  |  | 51,572 |
Total gross carrying amount | 103,036 |  |  | 103,295 |
Accumulated amortization | (81,033) |  |  | (79,061) |
Net definite-lived intangible assets | 22,003 |  |  | 24,234 |
Total other intangible assets, net | 37,457 |  |  | 39,688 |
Total | $ | 51,447 |  |  | $ | 53,678 |
The weighted-average amortization period for definite-lived intangible assets was 15 years for the years ended March 31, 2023, and 2022. Intangible assets consist primarily of indefinite-lived and definite-lived trademarks, customer relationships, patents, lease rights, and non-compete agreements arising from the application of purchase accounting. Goodwill is allocated to the wholesale reportable operating segments of the brands described above. Annual Impairment Assessment. During the years ended March 31, 2023, 2022, and 2021, the Company evaluated goodwill for impairment at the reporting unit level for the UGG and HOKA brands wholesale reportable operating segment as of December 31st and evaluated the Teva indefinite-lived trademarks as of October 31st. Based on the evaluation of qualitative and quantitative factors, including the asset carrying amounts recorded in the consolidated balance sheets against each of the brands’ actual results of operations and long-term forecasts of net sales and operating income, no impairment loss was recorded for goodwill and indefinite-lived intangible assets. As of March 31, 2023, and 2022, the gross carrying amount of goodwill is $143,765 and the accumulated impairment losses are $129,775. The Company did not identify any definite-lived intangible asset triggering events during the years ended March 31, 2023, and 2022. During the year ended March 31, 2021, the Company recorded an impairment loss of $3,522 for the Sanuk brand definite-lived international trademark, driven by the strategic decision to focus primarily on future domestic growth, within the Company’s Sanuk brand wholesale reportable operating segment in SG&A expenses in the consolidated statements of comprehensive income. Amortization Expense. A reconciliation of the changes in total other intangible assets, net, recorded in the consolidated balance sheets are as follows:
| Amounts
Balance, March 31, 2020 | $ | 48,016 |
Impairment charges | (3,522) |
Amortization expense | (2,565) |
| Amounts
Foreign currency translation net gain | 16 |
Balance, March 31, 2021 | 41,945 |
Amortization expense | (2,248) |
Foreign currency translation net loss | (9) |
Balance, March 31, 2022 | 39,688 |
Amortization expense | (2,228) |
Foreign currency translation net loss | (3) |
Balance, March 31, 2023 | $ | 37,457 |
Expected amortization expense for amortizable intangible assets subsequent to March 31, 2023, is as follows:
Years Ending March 31, |  | Amounts
2024 |  | $ | 2,198 |
2025 |  | 2,053 |
2026 |  | 1,551 |
2027 |  | 1,519 |
2028 |  | 1,519 |
Thereafter |  | 13,163 |
Total |  | $ | 22,003 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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