v3.26.1
Other Intangible Assets
12 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

Note 13 — Other Intangible Assets

 

Other intangible assets consisted of the following at March 31, 2026:

 

Item

 

Life

 

Cost

 

 

Fiscal 2026 Amortization
Expense

 

 

Accumulated
Amortization at
March 31, 2026

 

 

Cost, Net of
Accumulated
Amortization at
March 31, 2026

 

Covenant Not to Compete

 

5 years

 

$

775,000

 

 

$

 

 

$

775,000

 

 

$

 

Customer Relationships

 

18-20 years

 

 

7,922,000

 

 

 

175,000

 

 

 

7,659,000

 

 

 

263,000

 

Third Party Administrator Licenses

 

15 years

 

 

204,000

 

 

 

 

 

 

204,000

 

 

 

 

Total

 

 

 

$

8,901,000

 

 

$

175,000

 

 

$

8,638,000

 

 

$

263,000

 

Other intangible assets consisted of the following at March 31, 2025:

 

Item

 

Life

 

Cost

 

 

Fiscal 2025 Amortization
Expense

 

 

Accumulated
Amortization at
March 31, 2025

 

 

Cost, Net of
Accumulated
Amortization at
March 31, 2025

 

Covenant Not to Compete

 

5 years

 

$

775,000

 

 

$

 

 

$

775,000

 

 

$

 

Customer Relationships

 

18-20 years

 

 

7,922,000

 

 

 

383,000

 

 

 

7,484,000

 

 

 

438,000

 

Third Party Administrator Licenses

 

15 years

 

 

204,000

 

 

 

 

 

 

204,000

 

 

 

 

Total

 

 

 

$

8,901,000

 

 

$

383,000

 

 

$

8,463,000

 

 

$

438,000

 

 

Amortization expense is expected to be $174,000 in fiscal 2027, $42,000 in fiscal 2028, $18,000 in fiscal 2029, $18,000 in fiscal 2030, and $11,000 in fiscal 2031.