INTANGIBLES

12 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles consisted of the following (in thousands):


	Year Ended March 31,
	2025		2024
Purchased software	$	865	$	582
Internally developed software	3,658		3,657
In-place lease and other intangibles	1,094		1,094
Customer relationships	8,012		8,009
Patents	1,139		1,112
Other	1,512		1,502
	16,280		15,956
Accumulated amortization	(6,330)		(5,119)
	9,950		10,837
In-process software	70		141
Intangible assets, total	$	10,020	$	10,978

Based on the intangible assets recorded at March 31, 2025 and assuming no subsequent additions to or impairment of the underlying assets, the remaining estimated annual amortization expense is expected to be as follows:


(In thousands)	Amortization
2026	$	1,193
2027	1,136
2028	1,053
2029	968
2030	965
Thereafter	4,635
	$	9,950

Amortization expense totaled $1.2 million for each fiscal years ended March 31, 2025 and 2024.