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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Amount of Goodwill | The Company currently has two reporting units. The following table presents the changes in the carrying amount of goodwill for the three months ended June 30, 2023 (in thousands):
|  | Goodwill |
Balance as of March 31, 2023 |  | $ | 23,379 |
Acquisitions |  |  | - |
Balance as of June 30, 2023 |  | $ | 23,379 |
Schedule of Changes in Carrying Amount of Indefinite-Lived Intangible Assets | The following table presents the changes in the carrying amount of indefinite-lived intangible assets in the Company’s Audio Group segment for the three months ended June 30, 2023 (in thousands):
|  | Tradenames |
Balance as of March 31, 2023 |  | $ | 4,637 |
Acquisitions |  |  | - |
Impairment losses |  |  | - |
Balance as of June 30, 2023 |  | $ | 4,637 |
Schedule of Finite-Lived Intangible Assets | The Company’s finite-lived intangible assets were as follows as of June 30, 2023 (in thousands):
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Software |  | $ | 19,281 |  |  | $ | 19,281 |  |  | $ | - |
Intellectual property (patents) |  |  | 5,366 |  |  |  | 1,969 |  |  |  | 3,397 |
Customer relationships |  |  | 6,570 |  |  |  | 6,570 |  |  |  | - |
Content creator relationships |  |  | 772 |  |  |  | 772 |  |  |  | - |
Domain names |  |  | 523 |  |  |  | 149 |  |  |  | 374 |
Brand and trade names |  |  | 1,143 |  |  |  | 374 |  |  |  | 769 |
Customer list |  |  | 2,767 |  |  |  | 1,156 |  |  |  | 1,611 |
Total |  | $ | 36,422 |  |  | $ | 30,271 |  |  | $ | 6,151 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Software |  | $ | 19,281 |  |  | $ | 19,281 |  |  | $ | - |
Intellectual property (patents) |  |  | 5,366 |  |  |  | 1,878 |  |  |  | 3,488 |
Customer relationships |  |  | 6,570 |  |  |  | 6,570 |  |  |  | - |
Content creator relationships |  |  | 772 |  |  |  | 772 |  |  |  | - |
Domain names |  |  | 523 |  |  |  | 137 |  |  |  | 386 |
Brand and trade names |  |  | 1,143 |  |  |  | 347 |  |  |  | 796 |
Customer list |  |  | 2,767 |  |  |  | 1,039 |  |  |  | 1,728 |
Total |  | $ | 36,422 |  |  | $ | 30,024 |  |  | $ | 6,398 |
Schedule of Amortization of Intangible Assets | The Company expects to record amortization of intangible assets for fiscal years ending March 31, 2024 and future fiscal years as follows (in thousands):
For Years Ending March 31, |  |  |
2024 (remaining nine months) |  | $ | 741 |
2025 |  |  | 985 |
2026 |  |  | 985 |
2027 |  |  | 977 |
2028 |  |  | 842 |
Thereafter |  |  | 1,621 |
|  | $ | 6,151 |

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