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Goodwill and Intangible Assets

9 Months Ended

Dec. 31, 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						Total
Goodwill as of March 31, 2022						$	80,176					$	479,616					$	559,792
Purchase of In App Video						—						5,008						5,008
Foreign currency translation and other						—						(4,460)						(4,460)
Goodwill as of December 31, 2022						$	80,176					$	480,164					$	560,340

Intangible Assets

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

						As of December 31, 2022
						Weighted-Average Remaining Useful Life						Cost						Accumulated Amortization						Net
Customer relationships						12.11 years						$	170,030					$	(34,935)					$	135,095
Developed technology						5.53 years						146,419						(33,601)						112,818
Trade names						2.58 years						69,922						(22,503)						47,419
Publisher relationships						18.07 years						108,821						(8,972)						99,849
Total												$	495,192					$	(100,011)					$	395,181

						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 $16,120 and $48,422, respectively, during the three and nine months ended December 31, 2022, and $13,773 and $34,873, respectively, during the three and nine months ended December 31, 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						$	16,090
Fiscal year 2024						64,361
Fiscal year 2025						55,740
Fiscal year 2026						41,491
Fiscal year 2027						35,372
Thereafter						182,127
Total						$	395,181

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- References

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- 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

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