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Intangible Assets | 12 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible Assets Intangible assets, net consisted of the following (in thousands):
| As of March 31,
| 2023 |  | 2022
Customer relationships | $ | 37,069 |  |  | $ | 9,869 |
Other intangibles | 1,531 |  |  | 11 |
Total intangible assets | 38,600 |  |  | 9,880 |
Less: accumulated amortization | (6,764) |  |  | (1,971) |
Total intangible assets, net | $ | 31,836 |  |  | $ | 7,909 |
Amortization expense for intangible assets was $4.8 million, $1.0 million and $1.1 million for the fiscal years ended March 31, 2023, 2022, and 2021 respectively. As of March 31, 2023, future amortization expense is as follows (in thousands):
Fiscal Years Ending March 31, | Amount
2024 | $ | 4,519 |
2025 | 4,245 |
2026 | 4,012 |
2027 | 4,010 |
2028 | 4,010 |
Thereafter | 11,040 |
Total future amortization expense | $ | 31,836 |
Goodwill The changes in the carrying amount of goodwill were as follows (in thousands):
| Fiscal Year Ended March 31, 2023
Balance, beginning of period | $ | 18,915 |
Goodwill acquired | 49,025 |
Balance, end of period | $ | 67,940 |
There were no changes to the Company’s goodwill balance of $18.9 million during the fiscal year ended March 31, 2022. No impairment charges on goodwill were recorded during the fiscal years ended March 31, 2023, 2022, and 2021.

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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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