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Intangible Assets and Goodwill
 6 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets
Intangible assets, net consisted of the following (in thousands):
September 30, 2024March 31, 2024
Customer relationships$37,069 $37,069 
Other intangibles1,531 1,531 
Total intangible assets38,600 38,600 
Less: accumulated amortization(13,405)(11,283)
Total intangible assets, net$25,195 $27,317 
Amortization expense for intangible assets was $1.0 million and $1.2 million for three months ended September 30, 2024 and 2023, respectively, and $2.1 million and $2.4 million for the six months ended September 30, 2024 and 2023, respectively.
No impairment charges on intangible assets were recorded during the three and six months ended September 30, 2024 and 2023.
As of September 30, 2024, future amortization expense is as follows (in thousands):
Year Ending March 31, Amount
Remainder of 2025$2,123 
20264,012 
20274,010 
20284,010 
20294,010 
20304,010 
Thereafter3,020 
Total future amortization expense$25,195 
Goodwill
As of September 30, 2024 and March 31, 2024, the Company’s goodwill balance was $67.9 million. No impairment charges on goodwill were recorded during the three and six months ended September 30, 2024 and 2023.