The components of intangible assets are as follows:


	March 31, 2026				March 31, 2025
	Gross		Net		Gross		Net
	Carrying		Carrying		Carrying		Carrying
	Amount		Amount		Amount		Amount
Finite lived intangible assets
Intellectual property	$	90,646	$	24,300	$	87,770	$	32,301
Distribution channel		56,985		11,817		46,210		2,093
Operating licenses		24,400		9,885		24,400		12,925
Software and domain names		33,404		797		33,159		1,763
Brands		31,722		21,876		14,499		7,469
Amortizable intangibles in process		237		237		194		194
Total	$	237,394	$	68,912	$	206,232	$	56,745

Indefinite lived intangible assets
Acquired brands			$	23,499			$	30,455
Total intangible assets			$	92,411			$	87,200

Amortization expense included in cost of goods sold for the year ended March 31, 2026 is $14 (year ended March 31, 2025 – $33; year ended March 31, 2024 – $55). Amortization expense included in selling, general and administrative expenses for the year ended March 31, 2026 is $17,433 (year ended March 31, 2025 – $21,563; year ended March 31, 2024 – $24,745).

See Note 7 for information on intangible asset impairment charges of $8,028 in the year ended March 31, 2026 (year ended March 31, 2025 – $nil; year ended March 31, 2024 – $17,266).