v3.26.1
Intangible Assets and Goodwill
12 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
The carrying value of intangible assets consisted of the following (in thousands):
March 31, 2026March 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 relationships4.8$106,342 $(52,673)$53,669 $105,881 $(40,670)$65,211 
Developed technology2.550,063 (46,177)3,886 46,696 (44,003)2,693 
Trade names and domains2.8671 (637)34 630 (585)45 
Total acquired identifiable intangible assets$157,076 $(99,487)$57,589 $153,207 $(85,258)$67,949 
Amortization expense for related intangible assets were $14.2 million, $19.1 million, and $20.4 million for the years ended March 31, 2026, 2025, and 2024, respectively.
There were no write-offs during the year ended March 31, 2026, and 2025. During the fourth quarter of fiscal 2026, the Company acquired $3.9 million of developed technology, customer relationships, and trade names with estimated useful lives from 3 to 5 years. See Note 1, The Company and Significant Accounting Policies, for further information.
At March 31, 2026, annual amortization of intangible assets, based upon existing intangible assets and current useful lives, is estimated to be the following (in thousands):
2027$13,055 
202812,335 
202912,153 
203011,134 
2031 and thereafter8,912 
Total$57,589 
The following table provides a summary of the changes in the carrying amounts of goodwill (in thousands):
Balance at March 31, 2024$266,574 
Acquired goodwill4,269 
Foreign currency translation687 
Balance at March 31, 2025271,530 
Acquired goodwill3,073 
Foreign currency translation1,769 
Balance at March 31, 2026$276,372 
The Company conducted its annual impairment tests of goodwill in the fourth quarter of fiscal 2026, 2025, and 2024, and determined that no adjustment to the carrying value of goodwill was required. During the fourth quarter of fiscal 2026 and 2025, the Company recognized $3.1 million and $4.3 million, respectively, of additional goodwill due to acquisitions. See Note 1, The Company and Significant Accounting Policies, for further information.