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Intangible Assets and Goodwill | 9 Months Ended
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Dec. 31, 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):
| December 31, 2024 |  | March 31, 2024
Customer relationships | $ | 37,069 |  |  | $ | 37,069 |
Other intangibles | 1,531 |  |  | 1,531 |
Total intangible assets | 38,600 |  |  | 38,600 |
Less: accumulated amortization | (14,466) |  |  | (11,283) |
Total intangible assets, net | $ | 24,134 |  |  | $ | 27,317 |
Amortization expense for intangible assets was $1.1 million for three months ended December 31, 2024 and 2023, and $3.2 million and $3.5 million for the nine months ended December 31, 2024 and 2023, respectively. No impairment charges on intangible assets were recorded during the three and nine months ended December 31, 2024 and 2023. As of December 31, 2024, future amortization expense is as follows (in thousands):
Year Ending March 31, | Amount
Remainder of 2025 | $ | 1,062 |
2026 | 4,012 |
2027 | 4,010 |
2028 | 4,010 |
2029 | 4,010 |
2030 | 4,010 |
Thereafter | 3,020 |
Total future amortization expense | $ | 24,134 |
Goodwill As of December 31, 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 nine months ended December 31, 2024 and 2023.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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