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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Amortizable Intangible Assets

Amortizable intangible assets are amortized over their estimated economic useful life to reflect the pattern of economic benefits consumed based upon the following lives and methods:

 

Patents

 

10-17 years

 

Straight-line

Licenses

 

7-13 years

 

Straight-line

Customer relationships

 

5-8 years

 

Accelerated based upon the pattern of economic benefits
consumed

Vendor relationships

 

5-8 years

 

Accelerated based upon the pattern of economic benefits
consumed

Developed technology

 

8 years

 

Accelerated based upon the pattern of economic benefits
consumed

Tradename

 

5-10 years

 

Straight-line

Summary of Components and Changes in Other Intangible Assets

The components of, and changes in, the carrying amount of other intangible assets were as follows (dollars in thousands):

 

 

March 31, 2025

 

 

March 31, 2024

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net

 

 

Weighted Average Useful Life

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net

 

Amortized Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents

 

$

1,895

 

 

$

(1,568

)

 

$

327

 

 

 

8.6

 

 

$

2,521

 

 

$

(2,029

)

 

$

492

 

Licenses

 

 

58

 

 

 

(58

)

 

 

 

 

 

 

 

 

58

 

 

 

(58

)

 

 

 

Trade name and trademarks

 

 

300

 

 

 

(150

)

 

 

150

 

 

 

2.5

 

 

 

300

 

 

 

(90

)

 

 

210

 

Customer relationships

 

 

5,000

 

 

 

(4,763

)

 

 

237

 

 

 

0.5

 

 

 

5,000

 

 

 

(4,296

)

 

 

704

 

Vendor relationships

 

 

2,600

 

 

 

(925

)

 

 

1,675

 

 

 

4.5

 

 

 

2,600

 

 

 

(554

)

 

 

2,046

 

Developed technology

 

 

900

 

 

 

(900

)

 

 

 

 

 

 

 

 

900

 

 

 

(900

)

 

 

 

Total Amortized Intangible Assets

 

$

10,753

 

 

$

(8,364

)

 

$

2,389

 

 

 

4.9

 

 

$

11,379

 

 

$

(7,927

)

 

$

3,452

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name and trademarks

 

$

990

 

 

$

 

 

$

990

 

 

 

 

 

$

1,010

 

 

$

 

 

$

1,010

 

Total Indefinite-lived Intangible Assets

 

$

990

 

 

$

 

 

$

990

 

 

 

 

 

$

1,010

 

 

$

 

 

$

1,010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Other Intangible Assets

 

$

11,743

 

 

$

(8,364

)

 

$

3,379

 

 

 

 

 

$

12,389

 

 

$

(7,927

)

 

$

4,462

 

Summary of Estimated Amortization Expense

The estimated amortization expense for each of the next five years is shown below (dollars in thousands):

Fiscal 2026

 

$

725

 

Fiscal 2027

 

 

479

 

Fiscal 2028

 

 

442

 

Fiscal 2029

 

 

405

 

Fiscal 2030

 

 

219

 

Thereafter

 

 

119

 

 

$

2,389

 

 

Amortization expense is set forth in the following table (dollars in thousands):

 

 

Fiscal Year Ended March 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Amortization included in cost of sales:

 

 

 

 

 

 

 

 

 

Patents

 

$

171

 

 

$

99

 

 

$

107

 

Total

 

$

171

 

 

$

99

 

 

$

107

 

Amortization included in operating expenses:

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

467

 

 

$

525

 

 

$

296

 

Vendor relationships

 

 

371

 

 

 

371

 

 

 

183

 

Tradename

 

 

60

 

 

 

90

 

 

 

67

 

Total

 

 

898

 

 

 

986

 

 

 

546

 

Total amortization of intangible assets

 

$

1,069

 

 

$

1,085

 

 

$

653