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Goodwill and Intangible Assets | 12 Months Ended
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Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 6 — 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, 2020 and 2019 (in thousands):
|  | Goodwill |
Balance as of April 1, 2018 |  | $ | 5,377 |
Acquisitions |  |  | - |
Finalization of purchase price allocation of Slacker (see Note 5) |  |  | 4,295 |
Balance as of March 31, 2019 |  | $ | 9,672 |
Acquisitions |  |  | - |
Impairment losses |  |  | - |
Balance as of March 31, 2020 |  | $ | 9,672 |
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, 2020 (in thousands):
|  | Tradenames |
Balance as of April 1, 2018 |  | $ | - |
Finalization of purchase price allocation of Slacker (see Note 5) |  |  | 4,637 |
Impairment losses |  |  | - |
Balance as of March 31, 2019 |  | $ | 4,637 |
Acquisitions |  |  | - |
Impairment losses |  |  | - |
Balance as of March 31, 2020 |  | $ | 4,637 |
Finite-Lived Intangible Assets The Company's finite-lived intangible assets were as follows as of March 31, 2020 (in thousands):
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Software |  | $ | 19,280 |  |  | $ | 8,674 |  |  | $ | 10,606 |
Intellectual property (patents) |  |  | 5,366 |  |  |  | 805 |  |  |  | 4,561 |
Customer relationships |  |  | 6,570 |  |  |  | 5,128 |  |  |  | 1,442 |
Domain names |  |  | 29 |  |  |  | 13 |  |  |  | 16 |
Brand names |  |  | 1,500 |  |  |  | 17 |  |  |  | 1,483 |
Non-compete agreement |  |  | 250 |  |  |  | 14 |  |  |  | 236 |
Fan database |  |  | 230 |  |  |  | 13 |  |  |  | 217 |
Total |  | $ | 33,225 |  |  | $ | 14,664 |  |  | $ | 18,561 |
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 amortization expense on its finite-lived intangible assets was $5.7 million and $6.5 million for the years ended March 31, 2020 and 2019, respectively. The Company estimated future amortization expense on its finite-lived intangible assets as of March 31, 2020 to be as follows (in thousands):
For Years Ended March 31, |  |  |
2021 |  | $ | 5,008 |
2022 |  |  | 5,008 |
2023 |  |  | 3,885 |
2024 |  |  | 461 |
2025 |  |  | 461 |
Thereafter |  |  | 3,738 |
|  | $ | 18,561

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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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