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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill Goodwill was $2,021.9 million and $1,581.2 million as of March 31, 2022 and March 31, 2021, respectively. The increase in the carrying amount of goodwill was attributable to the Company's acquisitions of Liberty and Tracepoint, and the majority of goodwill is expected to be deductible for tax purposes. Approximately $10.0 million of goodwill was allocated to the assets held for sale related to the Company's divestiture of its MENA business noted above.The Company performed an annual impairment test of the goodwill as of January 1, 2022 and 2021, and did not identify any impairment. Intangible Assets Intangible assets consisted of the following:
|  |  | March 31, 2022 |  | March 31, 2021
|  |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Programs and contract assets, channel relationships, and other amortizable intangible assets (1) |  |  | $ | 483,294 |  |  | $ | 101,584 |  |  | $ | 381,710 |  |  | $ | 82,400 |  |  | $ | 50,503 |  |  | $ | 31,897 |
Software |  |  | 119,398 |  |  | 44,626 |  |  | 74,772 |  |  | 114,972 |  |  | 29,941 |  |  | 85,031 |
Total amortizable intangible assets |  |  | $ | 602,692 |  |  | $ | 146,210 |  |  | $ | 456,482 |  |  | $ | 197,372 |  |  | $ | 80,444 |  |  | $ | 116,928 |
Unamortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Trade name |  |  | $ | 190,200 |  |  | $ | — |  |  | $ | 190,200 |  |  | $ | 190,200 |  |  | $ | — |  |  | $ | 190,200 |
Total |  |  | $ | 792,892 |  |  | $ | 146,210 |  |  | $ | 646,682 |  |  | $ | 387,572 |  |  | $ | 80,444 |  |  | $ | 307,128 |
(1)The increase in the carrying amount of programs and contracts, channel relationships, and other amortizable intangible assets was attributable to the Company's acquisitions of Liberty and Tracepoint. Programs and contract assets, channel relationships, and other amortizable intangible assets are generally amortized on an accelerated basis over periods ranging from 2 years to 12 years, and those related to software are generally amortized on a straight line basis over periods ranging from 1 years to 5 years. The Company performed an annual impairment test of the trade name as of January 1, 2022 and 2021, and did not identify any impairment. Amortization expense for fiscal 2022, 2021, and 2020 was $76.2 million, $19.3 million, and $22.3 million, respectively. The following table summarizes the estimated annual amortization expense for future periods, which does not reflect amortization expense for certain intangible assets that are not yet placed in service:
For the Fiscal Year Ended March 31,
2023 | $ | 85,776 |
2024 | 71,149 |
2025 | 60,811 |
2026 | 53,552 |
2027 | 43,585 |
Thereafter | 141,609 |
Total estimated amortization expense | $ | 456,482 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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