Goodwill and intangible assets

9 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Information regarding the Company’s goodwill and intangible assets as of December 31, 2022 is as follows (in thousands):


	Estimated useful life	Gross carrying amount		Accumulated amortization		Net carrying amount
Customer relationships – retailers	10 years	$	77,600	$	(63,840)	$	13,760
Customer relationships – e-commerce	3 years	3,940		(3,938)		2
Trademarks	10 years	3,500		(991)		2,509
Total finite-lived intangibles		85,040		(68,769)		16,271
Trademarks	Indefinite	63,800		—		63,800
Goodwill		171,620		—		171,620
Total goodwill and other intangibles		$	320,460	$	(68,769)	$	251,691

Information regarding the Company’s goodwill and intangible assets as of March 31, 2022 is as follows (in thousands):


	Estimated useful life	Gross carrying amount		Accumulated amortization		Net carrying amount
Customer relationships – retailers	10 years	$	77,600	$	(58,020)	$	19,580
Customer relationships – e-commerce	3 years	3,940		(3,928)		12
Trademarks	10 years	3,500		(729)		2,771
Total finite-lived intangibles		85,040		(62,677)		22,363
Trademarks	Indefinite	63,800		—		63,800
Goodwill		171,620		—		171,620
Total goodwill and other intangibles		$	320,460	$	(62,677)	$	257,783

Information regarding the Company’s goodwill and intangible assets as of December 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	$	(56,080)	$	21,520
Customer relationships – e-commerce	3 years	3,940		(3,924)		16
Trademarks	10 years	3,500		(642)		2,858
Total finite-lived intangibles		85,040		(60,646)		24,394
Trademarks	Indefinite	63,800		—		63,800
Goodwill		171,620		—		171,620
Total goodwill and other intangibles		$	320,460	$	(60,646)	$	259,814

Amortization expenses on finite-lived intangible assets was $2.0 million and $6.1 million in the three and nine months ended December 31, 2022 and December 31, 2021, respectively. Certain trademark assets have been classified as indefinite-lived intangible assets and accordingly, are not subject to amortization. There were no impairments of goodwill or intangible assets recorded in the three and nine months ended December 31, 2022 and December 31, 2021.

The estimated future amortization expense related to finite-lived intangible assets, assuming no impairment as of December 31, 2022 is as follows (in thousands):



Remainder of fiscal 2023	$	2,030
2024	6,963
2025	1,230
2026	1,230
2027	1,230
Thereafter	3,588
Total	$	16,271