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Goodwill and Intangible Assets | 9 Months Ended
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Dec. 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 nine months ended December 31, 2020 (in thousands):
|  | Goodwill |
Balance as of March 31, 2020 |  | $ | 9,672 |
Acquisitions (Note 4 – Business Combinations) |  |  | 14,406 |
Balance as of December 31, 2020 |  | $ | 24,078 |
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 nine months ended December 31, 2020 (in thousands):
|  | Tradenames |
Balance as of March 31, 2020 |  | $ | 4,637 |
Acquisitions |  |  | - |
Impairment losses |  |  | - |
Balance as of December 31, 2020 |  | $ | 4,637 |
Finite-Lived Intangible Assets The Company's finite-lived intangible assets were as follows as of December 31, 2020 (in thousands):
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Software |  | $ | 19,280 |  |  | $ | 11,569 |  |  | $ | 7,711 |
Intellectual property (patents) |  |  | 5,366 |  |  |  | 1,073 |  |  |  | 4,293 |
Customer relationships |  |  | 6,570 |  |  |  | 5,521 |  |  |  | 1,049 |
Content creator relationships |  |  | 772 |  |  |  | 252 |  |  |  | 520 |
Wholesale relationships |  |  | 1,000 |  |  |  | - |  |  |  | 1,000 |
Domain names |  |  | 329 |  |  |  | 18 |  |  |  | 311 |
Brand and trade names |  |  | 2,571 |  |  |  | 203 |  |  |  | 2,368 |
Customer list |  |  | 172 |  |  |  | - |  |  |  | 172 |
Non-compete agreement |  |  | 250 |  |  |  | 76 |  |  |  | 174 |
Fan database |  |  | 230 |  |  |  | 70 |  |  |  | 160 |
Total |  | $ | 36,540 |  |  | $ | 18,782 |  |  | $ | 17,758 |
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 December 31, 2020 and 2019, respectively, and was $4.1 million and $4.5 million for the nine months ended December 31, 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 three months) |  | $ | 1,452 |
2022 |  |  | 5,736 |
2023 |  |  | 4,211 |
2024 |  |  | 788 |
2025 |  |  | 788 |
Thereafter |  |  | 4,783 |
|  | $ | 17,758 |

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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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