GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Jun. 30, 2025

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

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, 2025 (in thousands):

	Product		Professional Services		Managed Services		Total
Balance, March 31, 2025 (1)	$	129,177	$	63,779	$	9,902	$	202,858
Acquisitions		-		-		-		-
Foreign currency translations		94		18		9		121
Balance, June 30, 2025 (1)	$	129,271	$	63,797	$	9,911	$	202,979

(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, 2025 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, 2024, 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 purchased intangible assets and capitalized software development.

The following table provides the composition of our purchased intangible assets as of June 30, 2025, and March 31, 2025 (in thousands):

	June 30, 2025							March 31, 2025
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	167,207	$	(98,426	)	$	68,781	$	167,093	$	(93,085	)	$	74,008
Trade names and other		11,486		(3,846	)		7,640		11,459		(3,500	)		7,959
Total purchased intangible assets	$	178,693	$	(102,272	)	$	76,421	$	178,552	$	(96,585	)	$	81,967

Our customer relationships, trade names, and other intangible assets are generally amortized between 5 to 10 years.

Total amortization expense for other intangible assets was $5.5 million and $3.8 million for the three months ended June 30, 2025, and June 30, 2024, respectively.