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Goodwill and Intangible Assets | 12 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill Goodwill was $2,338.4 million and $2,021.9 million as of March 31, 2023 and March 31, 2022, respectively. The increase in the carrying amount of goodwill was attributable to the Company's acquisition of EverWatch, and the $325.5 million goodwill acquired is expected to be non-deductible for tax purposes. The Company allocated approximately $7.0 million and $2.0 million of goodwill to the MENA business and the MTS business, respectively, as part of the divestitures noted in Note 5, “Acquisitions and Divestitures”. The Company performed an annual impairment test of the goodwill as of January 1, 2023 and 2022, and did not identify any impairment. Intangible Assets Intangible assets consisted of the following:
|  |  | March 31, 2023 |  | March 31, 2022
|  |  | 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) |  |  | $ | 599,794 |  |  | $ | 169,316 |  |  | $ | 430,478 |  |  | $ | 483,294 |  |  | $ | 101,584 |  |  | $ | 381,710 |
Software |  |  | 134,152 |  |  | 69,215 |  |  | 64,937 |  |  | 119,398 |  |  | 44,626 |  |  | 74,772 |
Total amortizable intangible assets |  |  | $ | 733,946 |  |  | $ | 238,531 |  |  | $ | 495,415 |  |  | $ | 602,692 |  |  | $ | 146,210 |  |  | $ | 456,482 |
Unamortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Trade name |  |  | $ | 190,200 |  |  | $ | — |  |  | $ | 190,200 |  |  | $ | 190,200 |  |  | $ | — |  |  | $ | 190,200 |
Total |  |  | $ | 924,146 |  |  | $ | 238,531 |  |  | $ | 685,615 |  |  | $ | 792,892 |  |  | $ | 146,210 |  |  | $ | 646,682 |
(1)The increase in the carrying amount of programs and contracts, channel relationships, and other amortizable intangible assets was attributable to the Company's acquisition of EverWatch. 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 14 years, and those related to software are generally amortized on a straight line basis over periods ranging from 1 year to 10 years. The Company performed an annual impairment test of the trade name as of January 1, 2023 and 2022, and did not identify any impairment. Amortization expense for fiscal 2023, 2022, and 2021 was $94.3 million, $76.2 million, and $19.3 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,
2024 | $ | 91,350 |
2025 | 78,513 |
2026 | 69,053 |
2027 | 57,301 |
2028 | 49,266 |
Thereafter | 149,932 |
Total estimated amortization expense | $ | 495,415 |

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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