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Intangible Assets
 12 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
Intangible assets, net consisted of the following (in thousands):
As of March 31,
20242023
Customer relationships$37,069 $37,069 
Other intangibles1,531 1,531 
Total intangible assets38,600 38,600 
Less: accumulated amortization(11,283)(6,764)
Total intangible assets, net$27,317 $31,836 
Amortization expense for intangible assets was $4.6 million, $4.8 million and $1.0 million for the fiscal years ended March 31, 2024, 2023, and 2022 respectively.
As of March 31, 2024, future amortization expense is as follows (in thousands):
Fiscal Years Ending March 31,Amount
2025$4,245 
20264,012 
20274,010 
20284,010 
20294,010 
Thereafter7,030 
Total future amortization expense$27,317 
Goodwill
There was no change to the Company’s goodwill balance of $67.9 million during the fiscal year ended March 31, 2024.
The changes in the carrying amount of goodwill for the fiscal year ended March 31, 2023 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 
No impairment charges on goodwill were recorded during the fiscal years ended March 31, 2024, 2023, and 2022.