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Goodwill and Intangible Assets (Tables)

12 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets [Abstract]

Intangible Assets Subject to Amortization

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

Amortization Expense for Acquired 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

Estimated Future Amortization Expense for Intangible Assets

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

X

- Definition

Tabular disclosure of the amortization expense of acquired intangible assets during the period.

+ References

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 1
-Subparagraph (a)
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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