Goodwill and Other Intangible Assets

12 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

The Company conducts its impairment analysis of goodwill annually at December 31 or more frequently if changes in facts and circumstances indicate that it is more likely than not that the fair value of the Company’s reporting unit may be less than its carrying amount. The Company conducted its annual impairment analysis of goodwill as of December 31, 2025 by performing a qualitative assessment and concluded that it was more likely than not that the fair value of its reporting unit exceeded its carrying amount. There have been no triggering events identified affecting the valuation of goodwill subsequent to the annual impairment test.

The following table summarizes the activities in the Company's goodwill balance (in thousands):


	Years Ended March 31,
	2026		2025
Beginning of the period	$	463,230	$	461,978

Effects of foreign currency translation	2,187		1,252
End of the period	$	465,417	$	463,230

The Company's acquired intangible assets were as follows (in thousands):


	March 31,
	2026						2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trademarks and trade names	$	32,390	$	(30,569)	$	1,821	$	32,390	$	(28,675)	$	3,715
Developed technology	107,550		(103,307)		4,243		107,421		(96,464)		10,957
Customer contracts/relationships	69,087		(63,021)		6,066		69,087		(58,646)		10,441

Effects of foreign currency translation	1,218		(962)		256		(620)		137		(483)
Total	$	210,245	$	(197,859)	$	12,386	$	208,278	$	(183,648)	$	24,630

For fiscal years 2026, 2025 and 2024, amortization expense for intangible assets was $13.3 million, $20.1 million and $21.7 million, respectively. The Company expects that annual amortization expense for fiscal years 2027, 2028, 2029 and 2030 will be $5.9 million, $4.3 million, $1.9 million, and $0.3 million, respectively. The remaining balance of the Company's intangible assets will be fully amortized by 2030.