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Intangible Assets
 12 Months Ended
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,
20232022
Customer relationships$37,069 $9,869 
Other intangibles1,531 11 
Total intangible assets38,600 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 
20254,245 
20264,012 
20274,010 
20284,010 
Thereafter11,040 
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 acquired49,025 
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.