Goodwill and Other Intangible Assets, Net |
Goodwill and Other Intangible Assets, Net Changes in the carrying amount of goodwill on a consolidated basis for the nine months ended December 31, 2022 consists of the following (in thousands): | | | | | | | December 31, 2022 | Balance, beginning of period | $ | 1,281,876 | | | | Foreign currency impact | (369) | | Balance, end of period | $ | 1,281,507 | |
Other intangible assets, net excluding goodwill consists of the following (in thousands): | | | | | | | | | | | | | | | | | | | Weighted Average Useful Life (in months) | | | | | December 31, 2022 | | March 31, 2022 | Capitalized software | 107 | | $ | 191,813 | | | $ | 191,900 | | Customer relationships | 120 | | 351,555 | | | 351,555 | | Trademarks and tradenames | 120 | | 55,003 | | | 55,003 | | Total intangible assets | | | 598,371 | | | 598,458 | | Less: accumulated amortization | | | (524,298) | | | (492,722) | | Total other intangible assets, net | | | $ | 74,073 | | | $ | 105,736 | |
Amortization of other intangible assets totaled $10.5 million and $11.6 million for the three months ended December 31, 2022 and 2021, respectively
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