v3.22.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
The following table summarizes the changes in the carrying amount of goodwill for the nine months ended December 31, 2022 as follows (in thousands):
Balance at March 31, 2022$1,723,156 
     Foreign currency translation impact2,573 
Balance at December 31, 2022$1,725,729 
Schedule of Intangible Assets
Intangible assets include the following amortizable intangible assets at December 31, 2022 (in thousands):
Estimated Useful Life in YearsCostAccumulated
Amortization
Net
Developed technology
3 - 13 years
$249,470 $(230,700)$18,770 
Customer relationships
8 - 18 years
766,635 (420,678)345,957 
Distributor relationships and technology licenses
1 - 6 years
11,521 (9,803)1,718 
Definite-lived trademark and trade name
2 - 9 years
57,627 (42,026)15,601 
Core technology
10 years
7,192 (7,192)— 
Non-compete agreements
3 years
292 (292)— 
Capitalized software
3 years
3,317 (3,317)— 
Other
1 - 20 years
1,208 (997)211 
$1,097,262 $(715,005)$382,257 
Intangible assets include the following amortizable intangible assets at March 31, 2022 (in thousands):
Estimated Useful Life in YearsCostAccumulated
Amortization
Net
Developed technology
3 - 13 years
$250,247 $(224,426)$25,821 
Customer relationships
8 - 18 years
769,404 (384,347)385,057 
Distributor relationships and technology licenses
1 - 6 years
11,408 (8,896)2,512 
Definite-lived trademark and trade name
2 - 9 years
57,748 (37,944)19,804 
Core technology
10 years
7,192 (7,192)— 
Non-compete agreements
3 years
292 (292)— 
Capitalized software
3 years
3,317 (3,317)— 
Other
1 - 20 years
1,208 (983)225 
$1,100,816 $(667,397)$433,419 
Finite-lived Intangible Assets Amortization Expense The following table provides a summary of amortization expense for the three and nine months ended December 31, 2022 and 2021, respectively (in thousands):
Three Months EndedNine Months Ended
December 31,December 31,
2022202120222021
Amortization of intangible assets included as:
    Cost of product revenue$2,627 $3,643 $7,908 $10,959 
    Operating expense13,823 14,924 41,515 44,910 
$16,450 $18,567 $49,423 $55,869 
Schedule of Expected Future Amortization Expense
The following is the expected future amortization expense at December 31, 2022 for the fiscal years ending March 31 (in thousands):
2023 (remaining three months)$16,515 
202457,878 
202550,713 
202646,357 
202743,480 
Thereafter167,314 
$382,257