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Intangible Assets, net (Tables) | 9 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Reconciliation of the Activity Affecting Finite-Lived Intangible Assets | A reconciliation of the activity affecting intangible assets, net is as follows:
(In thousands) | Indefinite- Lived Trademarks |  | Finite-Lived Trademarks and Customer Relationships |  | Totals
Gross Carrying Amounts |  |  |  |  |
Balance — March 31, 2023 | $ | 2,168,902 |  |  | $ | 411,118 |  |  | $ | 2,580,020 |
Effects of foreign currency exchange rates | 1,223 |  |  | 334 |  |  | 1,557 |
Balance — December 31, 2023 | $ | 2,170,125 |  |  | $ | 411,452 |  |  | $ | 2,581,577 |
Accumulated Amortization |  |  |  |  |
Balance — March 31, 2023 | $ | — |  |  | $ | 238,127 |  |  | $ | 238,127 |
Additions | — |  |  | 14,842 |  |  | 14,842 |
Effects of foreign currency exchange rates | — |  |  | 79 |  |  | 79 |
Balance — December 31, 2023 | $ | — |  |  | $ | 253,048 |  |  | $ | 253,048 |
Intangible assets, net - December 31, 2023 | $ | 2,170,125 |  |  | $ | 158,404 |  |  | $ | 2,328,529 |
Reconciliation of the Activity Affecting Indefinite-Lived Intangible Assets | A reconciliation of the activity affecting intangible assets, net is as follows:
(In thousands) | Indefinite- Lived Trademarks |  | Finite-Lived Trademarks and Customer Relationships |  | Totals
Gross Carrying Amounts |  |  |  |  |
Balance — March 31, 2023 | $ | 2,168,902 |  |  | $ | 411,118 |  |  | $ | 2,580,020 |
Effects of foreign currency exchange rates | 1,223 |  |  | 334 |  |  | 1,557 |
Balance — December 31, 2023 | $ | 2,170,125 |  |  | $ | 411,452 |  |  | $ | 2,581,577 |
Accumulated Amortization |  |  |  |  |
Balance — March 31, 2023 | $ | — |  |  | $ | 238,127 |  |  | $ | 238,127 |
Additions | — |  |  | 14,842 |  |  | 14,842 |
Effects of foreign currency exchange rates | — |  |  | 79 |  |  | 79 |
Balance — December 31, 2023 | $ | — |  |  | $ | 253,048 |  |  | $ | 253,048 |
Intangible assets, net - December 31, 2023 | $ | 2,170,125 |  |  | $ | 158,404 |  |  | $ | 2,328,529 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Finite-lived intangible assets are expected to be amortized over their estimated useful life, which ranges from a period of 10 to 25 years, and the estimated amortization expense for each of the five succeeding years and the periods thereafter is as follows (in thousands):
(In thousands) |
Year Ending March 31, | Amount
2024 (remaining three months ended March 31, 2024) | $ | 4,947 |
2025 | 18,115 |
2026 | 16,165 |
2027 | 14,574 |
2028 | 12,237 |
Thereafter | 92,366 |
| $ | 158,404 |

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