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Goodwill and Intangible Assets

9 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

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