| Schedule of Changes in Carrying Amount of Goodwill |
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 |
|
|
| Schedule of Intangible Assets |
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 |
|
|
| Schedule of Finite-lived Intangible Assets Amortization Expense |
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 |
|
|
| Schedule of Expected Future Amortization Expense |
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 |
|
|