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Goodwill and Other Intangible Assets
3 Months Ended
Jun. 30, 2024
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. There have been no triggering events identified affecting the valuation of goodwill and intangible assets during the three months ended June 30, 2024 and 2023.

The following table summarizes the activities in the Company’s goodwill balance (in thousands):

As of March 31, 2024$461,978 
Effects of foreign currency translation25 
As of June 30, 2024$462,003 

The Company's acquired intangible assets were as follows (in thousands):
 June 30, 2024March 31, 2024
 Gross Carrying AmountAccumulated
Amortization
Net Carrying AmountGross Carrying AmountAccumulated
Amortization
Net Carrying Amount
Trademarks and trade names$32,390 $(26,473)$5,917 $32,390 $(25,739)$6,651 
Developed technology107,421 (89,311)18,110 107,421 (86,855)20,566 
Customer contracts/relationships69,087 (52,957)16,130 69,087 (51,061)18,026 
Effects of foreign currency translation(1,048)381 (667)(1,019)379 (640)
Total$207,850 $(168,360)$39,490 $207,879 $(163,276)$44,603