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Goodwill and Intangible Assets
 3 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

Note 5 — 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 three months ended June 30, 2020 (in thousands):

 

   Goodwill 
Balance as of March 31, 2020  $9,672 
Acquisitions   - 
Impairment losses   - 
Balance as of June 30, 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 three months ended June 30, 2020 (in thousands):

 

   Tradenames 
Balance as of March 31, 2020  $4,637 
Acquisitions   - 
Impairment losses   - 
Balance as of June 30, 2020  $4,637 

 

Finite-Lived Intangible Assets

 

The Company's finite-lived intangible assets were as follows as of June 30, 2020 (in thousands):

 

   Gross
Carrying
Value		   Accumulated
Amortization		   Net
Carrying Value		 
Software  $19,280   $9,638   $9,642 
Intellectual property (patents)   5,366    894    4,472 
Customer relationships   6,570    5,259    1,311 
Domain names   29    14    15 
Brand names   1,500    43    1,457 
Non-compete agreement   250    35    215 
Fan database   230    32    198 
Total  $33,225   $15,915   $17,310 

 

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 amortization expense on its finite-lived intangible assets was $1.3 million and $1.8 million for the three months ended June 30, 2020 and 2019, respectively.

 

The Company expects to record amortization of intangible assets for fiscal years ending March 31, 2021 and future fiscal years as follows (in thousands):

 

For Years Ending March 31,    
2021 (remaining nine months)  $3,756 
2022   5,008 
2023   3,885 
2024   461 
2025   461 
Thereafter   3,739 
   $17,310