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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Mar. 31, 2024
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, 2024, and March 31, 2023, respectively (in thousands):
|  | Technology |  |  |  |  |  | Professional |  |  | Managed |  |  |  |
|  | Segment |  |  | Product |  |  | Services |  |  | Services |  |  | Total |
Balance, March 31, 2022 (1) |  | $ | 126,543 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 126,543 |
Acquisitions |  |  | 9,694 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 9,694 |
Foreign currency translations |  |  | (132 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (132 | )
Reporting unit change |  |  | (136,105 | ) |  |  | 106,497 |  |  |  | 19,712 |  |  |  | 9,896 |  |  |  | - |
Balance, March 31, 2023 (1) |  | $ | - |  |  | $ | 106,497 |  |  | $ | 19,712 |  |  | $ | 9,896 |  |  | $ | 136,105 |
Acquisitions |  |  | - |  |  |  | 22,586 |  |  |  | 2,780 |  |  |  | - |  |  |  | 25,366 |
Foreign currency translations |  |  | - |  |  |  | 25 |  |  |  | 5 |  |  |  | 2 |  |  |  | 32 |
Balance, March 31, 2024 (1) |  | $ | - |  |  | $ | 129,108 |  |  | $ | 22,497 |  |  | $ | 9,898 |  |  | $ | 161,503 |
(1) | Balance is net of $8,673 thousand in accumulated impairments that were recorded in segments that precede our current segment organization.
Other Intangible Assets | Our other intangible assets consist of the following as of March 31, 2024, and March 31, 2023 (in thousands):
|  | March 31, 2024 |  |  | March 31, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Purchased intangibles |  | $ | 120,480 |  |  | $ | (76,595 | ) |  | $ | 43,885 |  |  | $ | 85,449 |  |  | $ | (61,376 | ) |  | $ | 24,073 |
Capitalized software development |  |  | 10,516 |  |  |  | (10,308 | ) |  |  | 208 |  |  |  | 10,516 |  |  |  | (9,544 | ) |  |  | 972 |
Total |  | $ | 130,996 |  |  | $ | (86,903 | ) |  | $ | 44,093 |  |  | $ | 95,965 |  |  | $ | (70,920 | ) |  | $ | 25,045 |
Future Amortization Expense for Purchased Intangibles | The following table provides the future amortization expense for purchased intangibles as of March 31, 2024 (in thousands):
Year ending March 31, 2025 |  | $ | 13,972 |
2026 |  |  | 10,936 |
2027 |  |  | 8,120 |
2028 |  |  | 5,646 |
2029 |  |  | 3,384 |
2030 and thereafter |  |  | 1,827 |
Total |  | $ | 43,885 |

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