XML 48 R37.htm IDEA: XBRL DOCUMENT
v3.24.3

GOODWILL AND INTANGIBLE ASSETS (Tables) | 6 Months Ended
--- | ---
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Amount of Goodwill | The following table summarizes the changes in the carrying amount of goodwill for the six months ended September 30, 2024 as follows (in thousands):
Balance at March 31, 2024 | $ | 1,502,820 |
Goodwill impairment | (426,967) |
Foreign currency translation impact | (2,498) |
Balance at September 30, 2024 | $ | 1,073,355 |
Schedule of Intangible Assets | Intangible assets include the foll owing amortizable intangible assets at September 30, 2024 (in thousands):
| Cost |  | Accumulated Amortization |  | Net
Developed technology | $ | 249,169 |  |  | $ | (241,238) |  |  | $ | 7,931 |
Customer relationships | 766,732 |  |  | (498,997) |  |  | 267,735 |
Distributor relationships and technology licenses | 5,154 |  |  | (3,890) |  |  | 1,264 |
Definite-lived trademark and trade name | 57,822 |  |  | (49,323) |  |  | 8,499 |
Core technology | 7,192 |  |  | (7,192) |  |  | — |
Capitalized software | 3,317 |  |  | (3,317) |  |  | — |
Other | 1,208 |  |  | (1,032) |  |  | 176 |
| $ | 1,090,594 |  |  | $ | (804,989) |  |  | $ | 285,605 |
Intangible assets include the following amortizable intangible assets at March 31, 2024 (in thousands):
| Cost |  | Accumulated Amortization |  | Net
Developed technology | $ | 248,385 |  |  | $ | (238,470) |  |  | $ | 9,915 |
Customer relationships | 763,943 |  |  | (475,592) |  |  | 288,351 |
Distributor relationships and technology licenses | 7,785 |  |  | (7,463) |  |  | 322 |
Definite-lived trademark and trade name | 57,699 |  |  | (47,814) |  |  | 9,885 |
Core technology | 7,192 |  |  | (7,192) |  |  | — |
Capitalized software | 3,317 |  |  | (3,317) |  |  | — |
Other | 1,208 |  |  | (1,022) |  |  | 186 |
| $ | 1,089,529 |  |  | $ | (780,870) |  |  | $ | 308,659 |
Schedule of Finite-lived Intangible Assets Amortization Expense | The following table provides a summary of amortization expense for the three and six months ended September 30, 2024 and 2023, respectively (in thousands):
| Three Months Ended |  | Six Months Ended
| September 30, |  | September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Amortization of intangible assets included as: |  |  |  |  |  |  |
Cost of product revenue | $ | 1,073 |  |  | $ | 1,909 |  |  | $ | 2,339 |  |  | $ | 3,826 |
Operating expense | 11,647 |  |  | 12,555 |  |  | 23,266 |  |  | 25,267 |
| $ | 12,720 |  |  | $ | 14,464 |  |  | $ | 25,605 |  |  | $ | 29,093 |
Schedule of Expected Future Amortization Expense | The following is the expected future amortization expense at September 30, 2024 for the fiscal years ending March 31 (in thousands):
2025 (remaining six months) | $ | 25,497 |
2026 | 46,937 |
2027 | 44,050 |
2028 | 41,088 |
2029 | 31,691 |
Thereafter | 96,342 |
| $ | 285,605 |

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
Name: | us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration