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Goodwill and Intangible Assets | 12 Months Ended
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Mar. 31, 2021
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, 2021 and 2020 (in thousands):
|  | Goodwill |
Balance as of April 1, 2019 |  | $ | 9,672 |
Acquisitions |  |  | - |
Balance as of March 31, 2020 |  | $ | 9,672 |
Acquisitions |  |  | 12,947 |
Balance as of March 31, 2021 |  | $ | 22,619 |
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, 2021 (in thousands):
|  | Tradenames |
Balance as of April 1, 2019 |  | $ | 4,637 |
Acquisitions |  |  | - |
Impairment losses |  |  | - |
Balance as of March 31, 2020 |  | $ | 4,637 |
Acquisitions |  |  | - |
Impairment losses |  |  | - |
Balance as of March 31, 2021 |  | $ | 4,637 |
Finite-Lived Intangible Assets The Company’s finite-lived intangible assets were as follows as of March 31, 2021 (in thousands):
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Software |  | $ | 19,281 |  |  | $ | 12,533 |  |  | $ | 6,748 |
Intellectual property (patents) |  |  | 5,366 |  |  |  | 1,163 |  |  |  | 4,203 |
Customer relationships |  |  | 6,570 |  |  |  | 5,652 |  |  |  | 918 |
Content creator relationships |  |  | 772 |  |  |  | 371 |  |  |  | 401 |
Domain names |  |  | 429 |  |  |  | 31 |  |  |  | 398 |
Brand and trade names |  |  | 2,571 |  |  |  | 253 |  |  |  | 2,318 |
Non-compete agreement |  |  | 250 |  |  |  | 97 |  |  |  | 153 |
Customer list |  |  | 2,903 |  |  |  | 211 |  |  |  | 2,692 |
Total |  | $ | 38,142 |  |  | $ | 20,311 |  |  | $ | 17,831 |
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 and trade 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 $5.5 million and $5.7 million for the years ended March 31, 2021 and 2020, respectively. The Company estimated future amortization expense on its finite-lived intangible assets as of March 31, 2021 to be as follows (in thousands):
For Years Ended March 31, |  |  |
2022 |  | $ | 6,006 |
2023 |  |  | 4,482 |
2024 |  |  | 1,024 |
2025 |  |  | 1,058 |
2026 |  |  | 1,084 |
Thereafter |  |  | 4,177 |
|  | $ | 17,831 |

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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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