Goodwill and Purchased Intangibles Assets

9 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Purchased Intangibles Assets

Goodwill and Purchased Intangibles Assets

The changes in the carrying amount of goodwill for the nine months ended December 31, 2021 consisted of the following (in thousands):

Goodwill as of March 31, 2021	$	144,253
Goodwill acquired	19,424
Goodwill as of December 31, 2021	$	163,677

Purchased intangible assets subject to amortization as of December 31, 2021 consisted of the following (in thousands):

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology	$	27,500	$	(9,572)	$	17,928

Purchased intangible assets subject to amortization as of March 31, 2021 consisted of the following (in thousands):

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Developed technology	$	20,116	$	(7,130)	$	12,986

Amortization expense of purchased intangible assets was $2.0 million and $1.2 million for the three months ended December 31, 2021 and 2020, respectively, and $5.4 million and $3.8 million for the nine months ended December 31, 2021 and 2020, respectively, and is included in cost of revenue on the Company’s condensed consolidated statements of operations.

Estimated future amortization expense as of December 31, 2021 was as follows (in thousands):

Fiscal Years Ending March 31,	Estimated Future Amortization Expense
2022 (remaining three months)	$	2,292
2023	9,000
2024	4,633
2025	2,003
	$	17,928