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GOODWILL & INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Amount of Goodwill | The changes in the carrying amount of goodwill for the fiscal years ended March 31, 2023 and 2022 are as follows (in thousands):
Balance at March 31, 2021 | $ | 1,717,554 |
Foreign currency translation impact | 5,602 |
Balance at March 31, 2022 | $ | 1,723,156 |
Foreign currency translation impact | 1,248 |
Balance at March 31, 2023 | $ | 1,724,404 |
Schedule of Intangible Assets | Intangible assets include the following amortizable intangible assets at March 31, 2023 (in thousands):
| Estimated Useful Life in Years |  | Cost |  | Accumulated Amortization |  | Net
Developed technology | 3 - 13 years |  | $ | 249,903 |  |  | $ | (233,440) |  |  | $ | 16,463 |
Customer relationships | 8 - 18 years |  | 768,179 |  |  | (433,876) |  |  | 334,303 |
Distributor relationships and technology licenses | 1 - 6 years |  | 11,547 |  |  | (10,133) |  |  | 1,414 |
Definite-lived trademark and trade name | 2 - 9 years |  | 57,694 |  |  | (43,489) |  |  | 14,205 |
Core technology | 10 years |  | 7,192 |  |  | (7,192) |  |  | — |
Non-compete agreements | 3 years |  | 292 |  |  | (292) |  |  | — |
Capitalized software | 3 years |  | 3,317 |  |  | (3,317) |  |  | — |
Other | 1 - 20 years |  | 1,208 |  |  | (1,002) |  |  | 206 |
|  |  | $ | 1,099,332 |  |  | $ | (732,741) |  |  | $ | 366,591 |
Intangible assets include the following amortizable intangible assets at March 31, 2022 (in thousands):
| Estimated Useful Life in Years |  | Cost |  | Accumulated Amortization |  | Net
Developed technology | 3 - 13 years |  | $ | 250,247 |  |  | $ | (224,426) |  |  | $ | 25,821 |
Customer relationships | 8 - 18 years |  | 769,404 |  |  | (384,347) |  |  | 385,057 |
Distributor relationships and technology licenses | 1 - 6 years |  | 11,408 |  |  | (8,896) |  |  | 2,512 |
Definite-lived trademark and trade name (a) | 2 - 9 years |  | 57,748 |  |  | (37,944) |  |  | 19,804 |
Core technology | 10 years |  | 7,192 |  |  | (7,192) |  |  | — |
Non-compete agreements | 3 years |  | 292 |  |  | (292) |  |  | — |
Capitalized software | 3 years |  | 3,317 |  |  | (3,317) |  |  | — |
Other | 1 - 20 years |  | 1,208 |  |  | (983) |  |  | 225 |
|  |  | $ | 1,100,816 |  |  | $ | (667,397) |  |  | $ | 433,419 |
(a) The Company’s $18.6 million acquired trade name changed from indefinite-lived to definite-lived during the first quarter of fiscal year 2022.
Schedule of Amortization Expense | The following table provides a summary of amortization expense during the fiscal years ended March 31, 2023, 2022, and 2021 (in thousands).
| Years Ended March 31,
| 2023 |  | 2022 |  | 2021
Amortization of intangible assets included as: |  |  |  |  |
Cost of product revenue | 10,542 |  |  | 14,600 |  |  | 20,457 |
Operating expense | 55,410 |  |  | 59,761 |  |  | 61,151 |
| $ | 65,952 |  |  | $ | 74,361 |  |  | $ | 81,608 |
Schedule of Expected Future Amortization Expense | The following is the expected future amortization expense at March 31, 2023 for the fiscal years ended March 31 (in thousands):
2024 | $ | 57,987 |
2025 | 50,809 |
2026 | 46,446 |
2027 | 43,566 |
2028 | 40,608 |
Thereafter | 127,175 |
Total | $ | 366,591 |

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