INTANGIBLE ASSETS AND GOODWILL |
Intangible Assets and Goodwill The carrying value of intangible assets consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | March 31, 2025 | | Weighted Average Remaining Useful Life (in years) | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | Customer relationships | 5.5 | | $ | 105,896 | | | $ | (43,665) | | | $ | 62,231 | | | $ | 105,881 | | | $ | (40,670) | | | $ | 65,211 | | Developed technology | 1.2 | | 46,740 | | | (44,542) | | | 2,198 | | | 46,696 | | | (44,003) | | | 2,693 | | Trade names and domains | 2.7 | | 638 | | | (593) | | | 45 | | | 630 | | | (585) | | | 45 | | Total acquired identifiable intangible assets | | | $ | 153,274 | | | $ | (88,800) | | | $ | 64,474 | | | $ | 153,207 | | | $ | (85,258) | | | $ | 67,949 | |
At June 30, 2025, annual amortization of intangible assets, based upon existing intangible assets and current useful lives, is estimated to be the following (in thousands): | | | | | | Remainder of fiscal year 2026 | $ | 10,506 | | 2027 | 11,869 | | 2028 | 11,148 | | 2029 | 11,054 | | 2030 and thereafter | 19,897 | | Total | $ | 64,474 | |
The following table provides a summary of the changes in the carrying amounts of goodwill (in thousands): | | | | | | Balance as of March 31, 2025 | $ | 271,530 | | | | Foreign currency translation | 2,946 | | Balance as of June 30, 2025 | $ | 274,476 | |
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