XML 24 R14.htm IDEA: XBRL DOCUMENT v3.22.2

Goodwill and Intangible Assets

3 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

Changes in the carrying amount of goodwill, net, by segment follows:

						ODS						AGP						Consolidated
Goodwill as of March 31, 2022						$	80,176					$	479,616					$	559,792
Foreign currency translation and purchase price adjustments						—						(4,829)						(4,829)
Goodwill as of June 30, 2022						$	80,176					$	474,787					$	554,963

Intangible Assets

The components of intangible assets as of June 30, 2022, and March 31, 2022, were as follows:

						As of June 30, 2022
						Weighted-Average Remaining Useful Life						Cost						Accumulated Amortization						Net
Customer relationships						12.26 years						$	170,057					$	(24,894)					$	145,163
Developed technology						6.02 years						146,144						(23,566)						122,578
Trade names						3.08 years						69,865						(13,243)						56,622
Publisher relationships						18.56 years						108,638						(6,092)						102,546
Total												$	494,704					$	(67,795)					$	426,909

						As of March 31, 2022
						Weighted-Average Remaining Useful Life						Cost						Accumulated Amortization						Net
Customer relationships						12.01 years						$	171,060					$	(19,636)					$	151,424
Developed technology						6.26 years						144,581						(18,103)						126,478
Trade names						3.33 years						69,205						(8,523)						60,682
Publisher relationships						18.77 years						106,514						(4,509)						102,005
Total												$	491,360					$	(50,771)					$	440,589

The Company recorded amortization expense of $16,117 during the three months ended June 30, 2022, and $7,101 during the three months ended June 30, 2021, in general and administrative expenses on the condensed consolidated statements of operations and comprehensive income / (loss). As of March 31, 2022, the Company changed the useful lives of all its trade names intangible assets to approximately 3.33 years due to the planned rebranding of the Company's recent acquisitions, which began during the three months ended June 30, 2022.

Estimated amortization expense in future fiscal years is expected to be:

Fiscal year 2023						$	48,226
Fiscal year 2024						64,301
Fiscal year 2025						55,696
Fiscal year 2026						41,459
Fiscal year 2028						35,346
Thereafter						181,881
Total						$	426,909

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

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI https://asc.fasb.org/topic&trid=2144416

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration