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INTANGIBLE ASSETS AND GOODWILL | 6 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND GOODWILL | INTANGIBLE ASSETS AND GOODWILL The Company capitalizes costs for software to be sold, marketed, or leased to customers. Costs incurred internally in researching and developing software products are charged to expense until technological feasibility has been established for the product. Once technological feasibility is established, software costs are capitalized until the product is available for general release to customers. Judgment is required in determining when technological feasibility of a product is established. The amortization of these costs is included in cost of revenue over the estimated life of the products. The following table summarizes identifiable intangible assets of the Company as of March 31, 2024 and September 30, 2024 (in thousands):
September 30, 2024 |  | Useful Lives (In Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized: |  |  |  |  |  |  |  |
Customer relationships |  | 9 - 13 |  | $ | 132,264 |  |  | $ | (13,171) |  |  | $ | 119,093 |
Trademark and tradename |  | 3 - 15 |  | 17,553 |  |  | (4,625) |  |  | 12,928 |
Patents |  | 7 - 11 |  | 628 |  |  | (508) |  |  | 120 |
Technology |  | 5 - 7 |  | 43,745 |  |  | (13,912) |  |  | 29,833 |
Software to be sold or leased |  | 3 - 6 |  | 6,416 |  |  | (1,235) |  |  | 5,181 |
|  |  |  | 200,606 |  |  | (33,451) |  |  | 167,155 |
Unamortized: |  |  |  |  |  |  |  |
Customer list |  |  |  | 104 |  |  | — |  |  | 104 |
Trademark and tradename |  |  |  | 61 |  |  | — |  |  | 61 |
|  |  |  | 165 |  |  | — |  |  | 165 |
Total |  |  |  | $ | 200,771 |  |  | $ | (33,451) |  |  | $ | 167,320 |
March 31, 2024 |  | Useful Lives (In Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized: |  |  |  |  |  |  |  |
Customer relationships |  | 9 - 12 |  | $ | 19,264 |  |  | $ | (8,012) |  |  | $ | 11,252 |
Trademark and tradename |  | 3 - 15 |  | 7,553 |  |  | (3,877) |  |  | 3,676 |
Patents |  | 7 - 11 |  | 628 |  |  | (464) |  |  | 164 |
Technology |  | 7 |  | 10,911 |  |  | (10,911) |  |  | — |
Software to be sold or leased |  | 3 |  | 5,159 |  |  | (764) |  |  | 4,395 |
|  |  |  | 43,515 |  |  | (24,028) |  |  | 19,487 |
Unamortized: |  |  |  |  |  |  |  |
Customer list |  |  |  | 104 |  |  | — |  |  | 104 |
Trademark and tradename |  |  |  | 61 |  |  | — |  |  | 61 |
|  |  |  | 165 |  |  | — |  |  | 165 |
Total |  |  |  | $ | 43,680 |  |  | $ | (24,028) |  |  | $ | 19,652 |
At September 30, 2024, the weighted-average amortization periods for customer relationships, trademarks and tradenames, patents, technology, and capitalized software to be sold or leased were 12.8, 12.1, 7.0, 5.0, and 3.0 years, res pectively. Amortization expense for the three- and six-month periods ended September 30, 2023 was $1,813 and $3,169, respectively, and for the three- and six-month periods ended September 30, 2024 was $3,837 and $9,423, respectively. Estimated future amortization expense for each of the five succeeding fiscal years for these intangible assets is as follows:
2025 (remaining) |  | $ | 9,504 |
2026 |  | 22,144 |
2027 |  | 20,630 |
2028 |  | 18,127 |
2029 |  | 14,741 |
Thereafter |  | 82,009 |
|  | $ | 167,155 |
Refer to Note 3 for the change in the carrying amount of goodwill from April 1, 2024 to September 30, 2024 as a result of the MiX Combination. For the six-month period ended September 30, 2024, the Company did not identify any indicators of impairment.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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