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Intangible Assets and Goodwill
 12 Months Ended
Mar. 31, 2025
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):
As of March 31,
20252024
Customer relationships$37,069 $37,069 
Other intangibles1,531 1,531 
Total intangible assets38,600 38,600 
Less: accumulated amortization(15,528)(11,283)
Total intangible assets, net$23,072 $27,317 
Amortization expense for intangible assets was $4.3 million, $4.6 million and $4.8 million for the fiscal years ended March 31, 2025, 2024, and 2023 respectively.
As of March 31, 2025, future amortization expense is as follows (in thousands):
Fiscal Years Ending March 31,Amount
2026$4,012 
20274,010 
20284,010 
20294,010 
20304,010 
Thereafter3,020 
Total future amortization expense$23,072 
Goodwill
There was no change to the Company’s goodwill balance of $67.9 million during the fiscal year ended March 31, 2025 and 2024. No impairment charges on goodwill were recorded during the fiscal years ended March 31, 2025, 2024, and 2023.