v3.23.1
Goodwill and intangible assets (Tables)
 12 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets
The components of identifiable intangible assets are as follows:
 
    
As of March 31, 2023
     
As of March 31, 2022
  
(In thousands)
   
Weighted-
average
remaining
useful life
(in years)
     
Gross

carrying

amount
     
Accumulated

amortization
    
Net

carrying

amount
     
Gross

carrying

amount
     
Accumulated

amortization
    
Net

carrying

amount
  
Intangible assets:
                                                             
Trade name and other intangibles
      5      $ 2,500      $ (1,179 )    $ 1,321      $ 15,900      $ (13,372 )    $ 2,528  
             
 
 
     
 
 
    
 
 
     
 
 
     
 
 
    
 
 
  
Total
             $ 2,500      $ (1,179 )    $ 1,321      $ 15,900      $ (13,372 )    $ 2,528  
             
 
 
     
 
 
    
 
 
     
 
 
     
 
 
    
 
 
  
Summary of Intangible Asset Amortization Expense Total intangible asset amortization expense recognized in operations during the fiscal years ended March 31, 2023, 2022 and 2021 are as follows:
 
  
Fiscal year ended March 31,
 
(In thousands)
  
2023
 
  
2022
 
  
2021
 
Cost of sales
    $ 250      $ 4,043      $ 8,082  
Selling general and administrative expense
      957        4,422        6,931  
    
 
 
     
 
 
     
 
 
  
Total amortization expense
    $ 1,207      $ 8,465      $ 15,013  
    
 
 
     
 
 
     
 
 
  
Summary of Future Annual Amortization Expense
Estimated future annual amortization expense for the above amortizable intangible assets are as follows:
 
    
Amount
  
    
(in thousands)
  
Fiscal year ending March 31,
         
2024
    $ 250  
2025
      250  
2026
      250  
2027
      250  
2028
      250  
Thereafter
      71  
    
 
 
  
Total amortization expense
    $ 1,321