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Goodwill and Other Intangible Assets | 3 Months Ended
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Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets 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. There have been no events or circumstances during the three months ended June 30, 2021 that have required the Company to perform an interim assessment of goodwill. The following table summarizes the activities in the Company’s goodwill balance during the three months ended June 30, 2021 (in thousands):
As of March 31, 2021 |  | $ | 429,604 |
Acquisition |  | 20,721 |
Currency translation |  | (593) |
As of June 30, 2021 |  | $ | 449,732 |
On May 19, 2021, the Company made an immaterial technology acquisition for a total cash consideration of $25.6 million, including up to $10.0 million earn-out payable in cash upon the achievement of three technical development milestones required to be completed for periods ending December 31, 2021, June 30, 2022, and June 30, 2023, which was accounted for using the acquisition method. The Company retained 6% of the total consideration for the purpose of ensuring seller's representations and warranties. The Company's acquired intangible assets subject to amortization were as follows (in thousands):
|  | June 30, 2021 |  | March 31, 2021
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trademark and trade names |  | $ | 46,167 |  |  | $ | (26,741) |  |  | $ | 19,426 |  |  | $ | 46,070 |  |  | $ | (25,153) |  |  | $ | 20,917 |
Developed technology |  | 140,231 |  |  | (94,517) |  |  | 45,714 |  |  | 134,406 |  |  | (90,450) |  |  | 43,956 |
Customer contracts/relationships |  | 91,012 |  |  | (47,449) |  |  | 43,563 |  |  | 91,010 |  |  | (44,261) |  |  | 46,749 |
In-process R&D |  | 3,526 |  |  | — |  |  | 3,526 |  |  | 3,526 |  |  | — |  |  | 3,526 |
Total |  | $ | 280,936 |  |  | $ | (168,707) |  |  | $ | 112,229 |  |  | $ | 275,012 |  |  | $ | (159,864) |  |  | $ | 115,148 |

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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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