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Goodwill and Other Intangible Assets | 12 Months Ended
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Mar. 31, 2023
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 or more frequently 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, 2022 by performing a qualitative assessment and concluded that it was more likely than not that the fair value of its reporting unit exceeded its carrying amount. In assessing the qualitative factors, the Company considered the impact of change in industry and competitive environment, the Company's market capitalization and budgeted-to-actual revenue performance for the twelve months ended December 31, 2022. There have been no triggering events identified affecting the valuation of goodwill subsequent to the annual impairment test. The following table summarizes the activities in the Company's goodwill balance (in thousands):
|  | Years Ended March 31,
|  | 2023 |  | 2022
Beginning of the period |  | $ | 448,175 |  |  | $ | 429,604 |
Acquisitions |  | 7,976 |  |  | 20,721 |
Effects of foreign currency translation |  | (1,541) |  |  | (2,150) |
End of the period |  | $ | 454,610 |  |  | $ | 448,175 |
The Company's acquired intangible assets were as follows (in thousands):
|  | March 31,
|  | 2023 |  | 2022
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trademarks and trade names |  | $ | 36,790 |  |  | $ | (26,774) |  |  | $ | 10,016 |  |  | $ | 36,790 |  |  | $ | (22,295) |  |  | $ | 14,495 |
Developed technology |  | 121,730 |  |  | (94,792) |  |  | 26,938 |  |  | 119,407 |  |  | (83,540) |  |  | 35,867 |
Customer contracts/relationships |  | 71,110 |  |  | (47,688) |  |  | 23,422 |  |  | 71,110 |  |  | (40,971) |  |  | 30,139 |
In-process R&D |  | 3,526 |  |  | — |  |  | 3,526 |  |  | 3,826 |  |  | — |  |  | 3,826 |
Effects of foreign currency translation |  | (1,021) |  |  | 292 |  |  | (729) |  |  | (634) |  |  | 86 |  |  | (548) |
Total |  | $ | 232,135 |  |  | $ | (168,962) |  |  | $ | 63,173 |  |  | $ | 230,499 |  |  | $ | (146,720) |  |  | $ | 83,779 |
During fiscal year 2022, the Company recognized a pre-tax impairment charge of $7.0 million to Jaybird-related intangible assets, primarily related to customer contracts and relationships, as a result of its decision to discontinue Jaybird-branded products. For fiscal years 2023, 2022 and 2021, amortization expense for intangible assets was $24.4 million, $30.2 million and $31.8 million, respectively. The Company expects that annual amortization expense for fiscal years 2024, 2025, 2026, 2027 and 2028 will be $20.3 million, $18.2 million, $11.9 million, $4.9 million and $3.3 million, respectively, and $1.0 million thereafter.

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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