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Goodwill and Intangible Assets | 12 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets [Abstract] |
Goodwill and Intangible Assets | 3. Goodwill and Intangible Assets Goodwill The Company had goodwill of $3,205,000 at March 31, 2023 and 2022, which was comprised of $2,551,000 for the Hard Parts segment and $654,000 for all others, respectively. Intangible Assets The following is a summary of acquired intangible assets subject to amortization:
|  |  |  |  | March 31, 2023 |  |  | March 31, 2022 |
|  | Weighted Average Amortization Period |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Gross Carrying Value |  |  | Accumulated Amortization |
Intangible assets subject to amortization |  |  | 0 |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | 9 years |  |  | $ | 705,000 |  |  | $ | 577,000 |  |  | $ | 705,000 |  |  | $ | 513,000 |
Customer relationships |  | 11 years |  |  |  | 8,576,000 |  |  |  | 6,947,000 |  |  |  | 8,799,000 |  |  |  | 6,188,000 |
Developed technology |  | 5 years |  |  |  | 2,667,000 |  |  |  | 2,281,000 |  |  |  | 2,888,000 |  |  |  | 1,892,000 |
Total |  | 9 years |  |  | $ | 11,948,000 |  |  | $ | 9,805,000 |  |  | $ | 12,392,000 |  |  | $ | 8,593,000 |
During the year ended March 31, 2023, the Company did not retire any fully amortized intangible assets. During the year ended March 31, 2022 the Company retired $136,000 of fully amortized intangible assets. Amortization expense for acquired intangible assets is as follows:
|  | Years Ended March 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Amortization expense |  | $ | 1,460,000 |  |  | $ | 1,548,000 |  |  | $ | 1,571,000 |
The estimated future amortization expense for acquired intangible assets subject to amortization is as follows:
Year Ending March 31, |  |  |
2024 |  | $ | 1,073,000 |
2025 |  |  | 486,000 |
2026 |  |  | 342,000 |
2027 |  |  | 242,000 |
Total |  | $ | 2,143,000 |

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- References No definition available. + Details
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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 + Details
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