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Goodwill and Intangible Assets | 12 Months Ended
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Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 7 — Goodwill and Intangible Assets Goodwill The Company currently has one reporting unit. The following table presents the changes in the carrying amount of goodwill for the years ended March 31, 2019 and 2018 (in thousands):
|  | Goodwill |
Balance as of March 31, 2017 |  | $ | - |
Acquisitions |  |  | 6,698 |
Discontinued operations |  |  | (1,321 | )
Balance as of March 31, 2018 |  | $ | 5,377 |
Acquisitions |  |  | - |
Finalization of purchase price allocation of Slacker (see Note 4*) |  |  | 4,295 |
Balance as of March 31, 2019 |  | $ | 9,672 |
(* Increase in goodwill due to change in fair value of equity consideration transferred and final fair value of assets acquired and liabilities assumed.) Indefinite-Lived Intangible Assets The following table presents the changes in the carrying amount of indefinite-lived intangible assets in the Company’s reportable segment for the year ended March 31, 2019 (in thousands):
|  | Tradenames |
Balance as of March 31, 2018 |  | $ | - |
Acquisitions |  |  | - |
Finalization of purchase price allocation of Slacker (see Note 4*) |  |  | 4,637 |
Impairment losses |  |  | - |
Balance as of March 31, 2019 |  | $ | 4,637 |
(* Tradenames determined to be indefinite-lived intangible asset in final purchase accounting. Preliminarily booked as a definite lived intangible asset.) Finite-Lived Intangible Assets The Company’s finite-lived intangible assets were as follows as of March 31, 2019 (in thousands):
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Software |  | $ | 19,280 |  |  | $ | 4,819 |  |  | $ | 14,461 |
Intellectual property (patents) |  |  | 5,366 |  |  |  | 447 |  |  |  | 4,919 |
Customer relationships |  |  | 6,570 |  |  |  | 3,665 |  |  |  | 2,905 |
Domain names |  |  | 29 |  |  |  | 8 |  |  |  | 21 |
Total |  | $ | 31,245 |  |  | $ | 8,939 |  |  | $ | 22,306 |
The Company’s finite-lived intangible assets were as follows as of March 31, 2018 (in thousands):
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Software |  | $ | 19,384 |  |  | $ | 968 |  |  | $ | 18,416 |
Trademark/trade name |  |  | 11,436 |  |  |  | 572 |  |  |  | 10,864 |
Intellectual property (patents) |  |  | 8,454 |  |  |  | 141 |  |  |  | 8,313 |
Customer relationships |  |  | 6,618 |  |  |  | 739 |  |  |  | 5,879 |
Domain names |  |  | 29 |  |  |  | 2 |  |  |  | 27 |
Total |  | $ | 45,921 |  |  | $ | 2,422 |  |  | $ | 43,499 |
The Company’s amortization expense on its finite-lived intangible assets was $6.5 million and $2.4 for the years ended March 31, 2019 and 2018, respectively. The Company estimated future amortization expense on its finite-lived intangible assets as of March 31, 2019 to be as follows (in thousands):
For Years Ended March 31, |  |  |
2020 |  | $ | 5,683 |
2021 |  |  | 4,744 |
2022 |  |  | 4,744 |
2023 |  |  | 3,648 |
2024 |  |  | 358 |
Thereafter |  |  | 3,129 |
|  | $ | 22,306 |

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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 http://asc.fasb.org/topic&trid=2144416 + Details
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