At June 30, 2026 and March 31, 2026, the carrying amounts of goodwill were $1.1 billion.

The change in the carrying amount of goodwill for the three months ended June 30, 2026 is primarily due to the May 1, 2026 DigiCert DDoS protection business acquisition.

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


Balance at March 31, 2026	$	1,070,592
Goodwill acquired during the period		24,678
Foreign currency translation impact		1,323
Balance at June 30, 2026	$	1,096,593

The net carrying amounts of intangible assets were $226.7 million and $214.3 million at June 30, 2026 and March 31, 2026, respectively.

Intangible assets include the following amortizable intangible assets at June 30, 2026 (in thousands):


	Cost		Accumulated Amortization			Net
Developed technology	$	249,632	$	(246,265	)	$	3,367
Customer relationships		792,683		(574,181	)		218,502
Distributor relationships		5,183		(4,511	)		672
Definite lived trade name		57,894		(53,843	)		4,051
Core technology		7,192		(7,192	)		—
Capitalized software		3,317		(3,317	)		—
Other		1,208		(1,067	)		141
	$	1,117,109	$	(890,376	)	$	226,733

Intangible assets include the following amortizable intangible assets at March 31, 2026 (in thousands):


	Cost		Accumulated Amortization			Net
Developed technology	$	250,068	$	(246,330	)	$	3,738
Customer relationships		769,934		(564,880	)		205,054
Distributor relationships		5,209		(4,457	)		752
Definite lived trademark and trade name		57,962		(53,356	)		4,606
Core technology		7,192		(7,192	)		—
Capitalized software		3,317		(3,317	)		—
Other		1,208		(1,063	)		145
	$	1,094,890	$	(880,595	)	$	214,295

Amortization included as cost of product revenue consists of amortization of developed technology, distributor relationships and technology licenses. Amortization included as cost of service revenue consists of customer relationships. Amortization included as operating expense consists of all other intangible assets. The following table provides a summary of amortization expense for the three months ended June 30, 2026 and 2025 (in thousands):


	Three Months Ended
	June 30,
	2026		2025
Amortization of intangible assets included as:
Cost of product revenue	$	451	$	630
Cost of service revenue		270		—
Operating expense		10,610		11,124
	$	11,331	$	11,754

The following is the expected future amortization expense at June 30, 2026 for the fiscal years ending March 31 (in thousands):


2027 (remaining nine months)	$	34,322
2028		42,797
2029		33,371
2030		30,474
2031		24,872
Thereafter		60,897
	$	226,733