XML 48 R25.htm IDEA: XBRL DOCUMENT v3.23.2
Goodwill and intangible assets (Tables)
12 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets
The components of identifiable intangible assets are as follows:
 
       
   
Weighted-
average
remaining
useful life
(in years)
   
As of March 31, 2023
   
As of March 31, 2022
 
(In thousands)
 
Gross
carrying
amount
   
Accumulated
amortization
   
Net
carrying
amount
   
Gross
carrying
amount
   
Accumulated
amortization
   
Net
carrying
amount
 
Intangible assets:
             
Trade name and other intangibles
    5     $ 2,500     $ (1,179   $ 1,321     $ 15,900     $ (13,372   $ 2,528  
   
 
 
 
Total
    $ 2,500     $ (1,179   $ 1,321     $ 15,900     $ (13,372   $ 2,528  
 
 
Summary of Intangible Asset Amortization Expense Total intangible asset amortization expense recognized in operations during the fiscal years ended March 31, 2023, 2022 and 2021 are as follows:
   
    
Fiscal year ended March 31,
 
(In thousands)
  
2023
    
2022
    
2021
 
Cost of sales
   $ 250      $ 4,043      $ 8,082  
Selling general and administrative expense
     957        4,422        6,931  
  
 
 
 
Total amortization expense
   $ 1,207      $ 8,465      $ 15,013  
 
 
Summary of Future Annual Amortization Expense
Estimated future annual amortization expense for the above amortizable intangible assets are as follows:
 
   
(in thousands)
  
Amount
 
Fiscal year ending March 31,
  
2024
   $ 250  
2025
     250  
2026
     250  
2027
     250  
2028
     250  
Thereafter
     71  
  
 
 
 
Total amortization expense
   $ 1,321