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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Mar. 31, 2023
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract] |
Changes in Goodwill | The following table summarizes the changes in the carrying amount of goodwill for the years ended March 31, 2023, and March 31, 2022, respectively (in thousands):
|  | Year ended March 31, 2023 |  |  | Year ended March 31, 2022 |
|  | Goodwill |  |  | Accumulated Impairment Loss |  |  | Net Carrying Amount |  |  | Goodwill |  |  | Accumulated Impairment Loss |  |  | Net Carrying Amount |
Beginning balance |  | $ | 135,216 |  |  | $ | (8,673 | ) |  | $ | 126,543 |  |  | $ | 135,318 |  |  | $ | (8,673 | ) |  | $ | 126,645 |
Acquisitions |  |  | 9,694 |  |  |  | - |  |  |  | 9,694 |  |  |  | - |  |  |  | - |  |  |  | - |
Foreign currency translations |  |  | (132 | ) |  |  | - |  |  |  | (132 | ) |  |  | (102 | ) |  |  | - |  |  |  | (102 | )
Ending balance |  | $ | 144,778 |  |  | $ | (8,673 | ) |  | $ | 136,105 |  |  | $ | 135,216 |  |  | $ | (8,673 | ) |  | $ | 126,543 |
Other Intangible Assets | Our other intangible assets consist of the following as of March 31, 2023, and March 31, 2022 (in thousands):
|  | March 31, 2023 |  |  | March 31, 2022 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Purchased intangibles |  | $ | 85,449 |  |  | $ | (61,376 | ) |  | $ | 24,073 |  |  | $ | 77,224 |  |  | $ | (52,087 | ) |  | $ | 25,137 |
Capitalized software development |  |  | 10,516 |  |  |  | (9,544 | ) |  |  | 972 |  |  |  | 10,517 |  |  |  | (8,404 | ) |  |  | 2,113 |
Total |  | $ | 95,965 |  |  | $ | (70,920 | ) |  | $ | 25,045 |  |  | $ | 87,741 |  |  | $ | (60,491 | ) |  | $ | 27,250 |
Future Amortization Expense for Customer Relationships and Other Intangible assets | The following table provides the future amortization expense for customer relationships and other intangible assets as of March 31, 2023 (in thousands):
Year ending March 31, 2024 |  | $ | 8,104 |
2025 |  |  | 6,235 |
2026 |  |  | 4,448 |
2027 |  |  | 2,882 |
2028 |  |  | 1,658 |
2029 and thereafter |  |  | 746 |
Total |  | $ | 24,073 |

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