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GOODWILL AND OTHER INTANGIBLE ASSETS | 9 Months Ended
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Dec. 31, 2021
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS |
5. | GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL The following table summarizes the changes in the carrying amount of goodwill for the nine months ended December 31, 2021 (in thousands):
|  | Nine months ended December 31, 2021 |
|  | Goodwill |  |  | Accumulated Impairment Loss |  |  | Net Carrying Amount |
Beginning balance |  | $ | 135,318 |  |  | $ | (8,673 | ) |  | $ | 126,645 |
Foreign currency translations |  |  | (41 | ) |  |  | - |  |  |  | (41 | )
Ending balance |  | $ | 135,277 |  |  | $ | (8,673 | ) |  | $ | 126,604 |
Goodwill represents the premium paid over the fair value of the net tangible and intangible assets that are individually identified and separately recognized in business combinations. Our entire balance as of December 31, 2021, relates to our technology segment, which we also determined to be one reporting unit. The change in our goodwill balance during the nine months ended December 31, 2021, is due solely to foreign currency translation. We test goodwill for impairment on an annual basis, as of the first day of our third fiscal quarter, and between annual tests if an event occurs, or circumstances change, that would more likely than not reduce the fair value of a reporting unit below its carrying value. In our annual test as of October 1, 2021, we performed a qualitative assessment of goodwill and concluded that, more likely than not, the fair value of our technology reporting unit continued to substantially exceed its carrying value. OTHER INTANGIBLE ASSETS Our other intangible assets consist of the following on December 31, 2021, and March 31, 2021 (in thousands):
|  | December 31, 2021 |  |  | March 31, 2021 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships & other intangibles |  | $ | 77,290 |  |  | $ | (49,929 | ) |  | $ | 27,361 |  |  | $ | 77,335 |  |  | $ | (42,115 | ) |  | $ | 35,220 |
Capitalized software development |  |  | 10,515 |  |  |  | (8,098 | ) |  |  | 2,417 |  |  |  | 10,553 |  |  |  | (7,159 | ) |  |  | 3,394 |
Total |  | $ | 87,805 |  |  | $ | (58,027 | ) |  | $ | 29,778 |  |  | $ | 87,888 |  |  | $ | (49,274 | ) |  | $ | 38,614 |
Customer relationships and other intangibles are generally amortized between 5 to 10 years. Capitalized software development is generally amortized over 5 years. Total amortization expense for customer relationships and other intangible assets was $2.8 million and $2.3 million for the three months ended December 31, 2021, and December 31, 2020, respectively, and $8.8 million and $7.3 million for the nine months ended December 31, 2021, and December 31, 2020, respectively.

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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 + Details
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