GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Jun. 30, 2026

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

5. GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The following table summarizes the changes in the carrying amount of goodwill for the three months ended June 30, 2026 (in thousands):


	Product		Professional Services		Managed Services		Total
Balance, March 31, 2026 (1)	$	129,194	$	63,782	$	9,904	$	202,880
Foreign currency translations		4		1		-		5
Balance, June 30, 2026 (1)	$	129,198	$	63,783	$	9,904	$	202,885

(1)

Balance is net of $4,644 thousand in accumulated impairments that were recorded in a segment that preceded our current segment organization.

Goodwill represents the premium paid over the fair value of the net tangible and intangible assets that are individually identified and separately recognized in business combinations.

The only activity in our goodwill balance over the three months ended June 30, 2026, was foreign currency translation adjustments.

We test goodwill for impairment on an annual basis, as of the first day of our third fiscal quarter, and between annual tests if an event occurs, or circumstances change, that would more likely than not reduce the fair value of a reporting unit below its carrying value.

In our annual test as of October 1, 2025, we performed a qualitative assessment of goodwill and concluded that, more likely than not, the fair value of our product, professional services, and managed services reporting units continued to exceed their carrying value.

Other Intangible Assets

Our other intangible assets consist of intangible assets purchased through business combinations. The following table provides the composition of our other intangible assets as of June 30, 2026, and March 31, 2026 (in thousands):


	June 30, 2026							March 31, 2026
	Gross carrying amount		Accumulated amortization			Net carrying amount		Gross carrying amount		Accumulated amortization			Net carrying amount
Customer relationships	$	165,364	$	(114,969	)	$	50,395	$	165,358	$	(110,708	)	$	54,650
Trade names and other		9,109		(2,725	)		6,384		9,108		(2,414	)		6,694
Total	$	174,473	$	(117,694	)	$	56,779	$	174,466	$	(113,122	)	$	61,344

We generally amortize our customer relationships, trade names, and other purchased intangibles between 5 to 10 years.

Total amortization expense for purchased intangibles was $4.6 million and $5.5 million for the three months ended June 30, 2026, and June 30, 2025, respectively.