Goodwill and Other Intangible Assets

9 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

The Company conducts its impairment analysis of goodwill annually at December 31 and as necessary, if changes in facts and circumstances indicate that it is more likely than not that the fair value of the Company’s reporting unit may be less than its carrying amount. The Company conducted its annual impairment analysis of goodwill as of December 31, 2020 by performing a qualitative assessment and concluded that it was more likely than not that the fair value of its reporting unit exceeds its carrying amount. In assessing the qualitative factors, the Company considered the impact of change in industry and competitive environment, growth in the Company's market capitalization and budgeted-to-actual revenue performance for the last twelve months.

The following table summarizes the activities in the Company’s goodwill balance during the nine months ended December 31, 2020 (in thousands):


As of March 31, 2020	$	400,917

Currency translation	76
As of December 31, 2020	$	400,993

The Company's acquired intangible assets subject to amortization were as follows (in thousands):


	December 31, 2020						March 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trademark and trade names	$	45,570	$	(23,615)	$	21,955	$	45,570	$	(19,061)	$	26,509
Developed technology	118,807		(86,922)		31,885		118,807		(77,126)		41,681
Customer contracts/relationships	90,610		(41,136)		49,474		90,610		(31,859)		58,751
Total	$	254,987	$	(151,673)	$	103,314	$	254,987	$	(128,046)	$	126,941