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Goodwill and Intangible Assets
 6 Months Ended
Sep. 30, 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 six months ended September 30, 2020 (in thousands):

 

   Goodwill 
Balance as of March 31, 2020  $9,672 
Acquisitions (Note 4 – Business Combinations)   11,845 
Balance as of September 30, 2020  $21,517 

 

Indefinite-Lived Intangible Assets

 

The following table presents the changes in the carrying amount of indefinite-lived intangible assets, Tradenames, in the Company's reportable segment for the six months ended September 30, 2020 (in thousands):

 

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

 

Finite-Lived Intangible Assets

 

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

 

   Gross Carrying Value   Accumulated Amortization   Net Carrying Value 
Software  $19,280   $10,604   $8,676 
Intellectual property (patents)   5,366    983    4,383 
Customer relationships   6,570    5,391    1,179 
Content creator relationships   772    95    677 
Domain names   29    16    13 
Brand and trade names   2,510    126    2,384 
Non-compete agreement   250    56    194 
Fan database   230    51    179 
Total  $35,007   $17,322   $17,685 

 

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 $1.4 million and $1.4 million for the three months ended September 30, 2020 and 2019, respectively, and was $2.7 million and $3.1 million for the six months ended September 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 six months)  $2,788 
2022   5,558 
2023   3,989 
2024   566 
2025   566 
Thereafter   4,218 
   $17,685