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Goodwill and Intangible Assets, Net | 12 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net Changes in the carrying amount of goodwill on a consolidated basis for fiscal 2024 consists of the following (in thousands):
| March 31, 2024 |  |
Balance, beginning of year | $ | 1,281,812 |  |  |
Goodwill from acquisitions | 52,613 |  |  |
Foreign currency impact | 1,069 |  |  |
Balance, end of year | $ | 1,335,494 |  |  |
Intangible assets, net, excluding goodwill, consists of the following (in thousands):
| Weighted Average Useful Life (in months) |  | March 31,
2024 |  | 2023
Capitalized software | 103 |  | $ | 218,529 |  |  | $ | 191,863 |
Customer relationships | 120 |  | 351,756 |  |  | 351,555 |
Trademarks and tradenames | 120 |  | 55,003 |  |  | 55,003 |
Total intangible assets |  |  | 625,288 |  |  | 598,421 |
Less: accumulated amortization |  |  | (574,293) |  |  | (534,822) |
Total intangible assets, net |  |  | $ | 50,995 |  |  | $ | 63,599 |
Amortization of intangible assets totaled $39.4 million, $42.1 million, and $46.2 million for the years ended March 31, 2024, 2023, and 2022, respectively. As of March 31, 2024, the estimated future amortization expense of the Company’s intangible assets is as follows (in thousands):
| Fiscal Year Ended March 31,
| 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | Thereafter
Capitalized software | $ | 15,245 |  |  | $ | 4,622 |  |  | $ | 4,622 |  |  | $ | 4,622 |  |  | $ | 3,761 |  |  | $ | 4,437 |
Customer relationships | 10,523 |  |  | 50 |  |  | 50 |  |  | 46 |  |  | — |  |  | — |
Trademarks and tradenames | 3,017 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total amortization | $ | 28,785 |  |  | $ | 4,672 |  |  | $ | 4,672 |  |  | $ | 4,668 |  |  | $ | 3,761 |  |  | $ | 4,437 |

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