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Goodwill and Intangible Assets | 9 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill Changes in the carrying amount of goodwill by segment follows:
|  | ODS |  | AGP |  | Total
Goodwill as of March 31, 2024 |  | $ | 80,176 |  |  | $ | 139,896 |  |  | $ | 220,072 |
Purchase of One Store International |  | — |  |  | 1,991 |  |  | 1,991 |
Impairment of goodwill |  | — |  |  | — |  |  | — |
Foreign currency translation |  | $ | — |  |  | $ | (983) |  |  | $ | (983) |
Goodwill as of December 31, 2024 |  | $ | 80,176 |  |  | $ | 140,904 |  |  | $ | 221,080 |
The Company evaluates goodwill for impairment at least annually or upon the occurrence of events or circumstances that indicate they would more likely than not reduce the fair value of a reporting unit below its carrying value. During the nine months ended December 31, 2024, no occurrence of event or circumstance indicated they would more likely than not reduce the fair value of a reporting unit below its carrying value. As such, no impairment of goodwill was recognized during the period. During the three months ended September 30, 2023, as a result of sustained decline in the quoted market price of the Company’s common stock, increase in interest rates, and the Company’s forecasted operating trends, the Company identified interim indicators of impairment related to the goodwill assigned to the AGP reporting unit. The Company completed an interim impairment assessment of its goodwill, and as a result of this review, recorded a $147,181 non-deductible, non-cash goodwill impairment charge for the AGP reporting unit as of September 30, 2023. The Company subsequently performed its annual goodwill impairment evaluation as of March 31, 2024, noting continued trends in quoted market price, interest rates, and the Company’s forecast. The Company completed its annual impairment assessment of goodwill, and as a result, recorded an additional $189,459 non-deductible, non-cash goodwill impairment charge for a total of $336,640 to the AGP reporting unit during the fiscal year ended March 31, 2024. There was no impairment of goodwill for the ODS reporting unit during the fiscal year ended March 31, 2024. Intangible Assets Finite-lived intangible assets have been assigned an estimated finite useful life and are amortized on a straight-line basis over the number of years that approximate their respective useful lives. The Company evaluates intangible assets other than goodwill for impairment at least annually or upon the occurrence of events or circumstances that indicate the carrying value of an asset may not be recoverable. In determining whether an impairment exists, the Company considers factors such as changes in the use of the asset, changes in the legal or business environment, and current or historical operating or cash flow losses. Based on the analysis performed, no impairment was identified during the three and nine months ended December 31, 2024 or the fiscal year ended March 31, 2024. The components of intangible assets were as follows as of the periods indicated:
|  | As of December 31, 2024
|  | Weighted-Average Remaining Useful Life |  | Cost |  | Accumulated Amortization |  | Net
Customer relationships |  | 11.53 years |  | $ | 136,628 |  |  | $ | (36,713) |  |  | $ | 99,915 |
Developed technology |  | 3.58 years |  | 146,179 |  |  | (74,796) |  |  | 71,383 |
Trade names |  | 0.58 years |  | 69,839 |  |  | (59,144) |  |  | 10,695 |
Publisher relationships |  | 16.13 years |  | 108,443 |  |  | (20,174) |  |  | 88,269 |
Total |  |  |  | $ | 461,089 |  |  | $ | (190,827) |  |  | $ | 270,262 |
|  | As of March 31, 2024
|  | Weighted-Average Remaining Useful Life |  | Cost |  | Accumulated Amortization |  | Net
Customer relationships |  | 12.04 years |  | $ | 168,349 |  |  | $ | (59,222) |  |  | $ | 109,127 |
Developed technology |  | 4.31 years |  | 146,524 |  |  | (59,470) |  |  | 87,054 |
Trade names |  | 1.33 years |  | 69,957 |  |  | (45,470) |  |  | 24,487 |
Publisher relationships |  | 16.86 years |  | 108,860 |  |  | (16,023) |  |  | 92,837 |
Total |  |  |  | $ | 493,690 |  |  | $ | (180,185) |  |  | $ | 313,505 |
The Company recorded amortization expense of $13,474 and $42,183, respectively, during the three and nine months ended December 31, 2024, and $15,936 and $48,282, respectively, during the three and nine months ended December 31, 2023, in general and administrative expenses on the condensed consolidated statements of operations and comprehensive (loss) income. Estimated amortization expense in future fiscal years is expected to be:
Fiscal year 2025 |  | $ | 13,420 |
Fiscal year 2026 |  | 41,245 |
Fiscal year 2027 |  | 35,134 |
Fiscal year 2028 |  | 35,134 |
Fiscal year 2029 |  | 18,290 |
Thereafter |  | 127,039 |
Total |  | $ | 270,262 |

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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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