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Goodwill and other intangible assets

12 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangible assets

Goodwill and other intangible assets

Information regarding the Company’s goodwill and intangible assets as of March 31, 2021 is as follows (in thousands):

			Estimated useful life						Gross carrying amount						Accumulated amortization						Net carrying amount
Customer relationships – retailers			10 years						$	77,600					$	(50,260)					$	27,340
Customer relationships – e-commerce			3 years						3,940						(3,915)						25
Trademarks			10 years						3,500						(379)						3,121
Total finite-lived intangibles									85,040						(54,554)						30,486
Trademarks			Indefinite						63,800						—						63,800
Goodwill									171,620						—						171,620
Total goodwill and other intangibles									$	320,460					$	(54,554)					$	265,906

Information regarding the Company’s goodwill and intangible assets as of March 31, 2020 is as follows (in thousands):

			Estimated useful life						Gross carrying amount						Accumulated amortization						Net carrying amount
Customer relationships – retailers			10 years						$	77,600					$	(42,500)					$	35,100
Customer relationships – e-commerce			3 years						3,940						(3,901)						39
Trademarks			10 years						3,500						(29)						3,471
Total finite-lived intangibles									85,040						(46,430)						38,610
Trademarks			Indefinite						63,800						—						63,800
Goodwill									171,321						—						171,321
Total goodwill and other intangibles									$	320,161					$	(46,430)					$	273,731

The Company has not recognized any impairment charges on its goodwill or intangible assets, as the anticipated future cash flows generated by each of these assets remain substantially in excess of their carrying values. Amortization expense on the finite-lived intangible assets was $8.1 million, $7.0 million, $7.1 million and $1.7 million for the years ended March 31, 2021, March 31, 2020, December 31, 2018 and the three-month transition period ended March 31, 2019, respectively.

The estimated future amortization expense related to the finite-lived intangible assets, assuming no impairment as of March 31, 2021, is as follows (in thousands):

The year ended March 31, 2021
2022			$	8,123
2023			8,122
2024			6,963
2025			1,230
2026			1,230
Thereafter			4,818
Total			$	30,486

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- References

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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

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