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Goodwill and Intangible Assets
 12 Months Ended
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