Goodwill and intangible assets

6 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Information regarding the Company’s goodwill and intangible assets as of September 30, 2020 is as follows (in thousands):


	Estimated useful life	Gross carrying amount		Accumulated amortization		Net carrying amount
Customer relationships – retailers	10 years	$	77,600	$	(46,380)	$	31,220
Customer relationships – e-commerce	3 years	3,940		(3,908)		32
Trademarks	10 years	3,500		(204)		3,296
Total finite-lived intangibles		85,040		(50,492)		34,548
Trademarks	Indefinite	63,800		—		63,800
Goodwill		171,620		—		171,620
Total goodwill and other intangibles		$	320,460	$	(50,492)	$	269,968

Information regarding the Company’s goodwill and intangible assets as of March 31, 2020 is as follows (in thousands):


	Estimated useful life	Gross carrying amount		Accumulated amortization		Net carrying amount
Customer relationships – retailers	10 years	$	77,600	$	(42,500)	$	35,100
Customer relationships – e-commerce	3 years	3,940		(3,901)		39
Trademarks	10 years	3,500		(29)		3,471
Total finite-lived intangibles		85,040		(46,430)		38,610
Trademarks	Indefinite	63,800		—		63,800
Goodwill		171,321		—		171,321
Total goodwill and other intangibles		$	320,161	$	(46,430)	$	273,731

Information regarding the Company’s goodwill and intangible assets as of September 30, 2019 is as follows (in thousands):


	Estimated useful life	Gross carrying amount		Accumulated amortization		Net carrying amount
Customer relationships – retailers	10 years	$	68,800	$	(38,987)	$	29,813
Customer relationships – e-commerce	3 years	3,900		(3,900)		—

Total finite-lived intangibles		72,700		(42,887)		29,813
Trademarks	Indefinite	63,800		—		63,800
Goodwill		157,264		—		157,264
Total goodwill and other intangibles		$	293,764	$	(42,887)	$	250,877

Amortization expense on finite-lived intangible assets was $2.0 million and $4.1 million in the three and six months ended September 30, 2020, respectively, and $1.7 million and $3.4 million in the three and six months ended September 30, 2019, respectively. Certain trademark assets have been classified as indefinite-lived intangible assets and accordingly, are not subject to amortization. There were no impairments of goodwill or intangible assets recorded in the three and six months ended September 30, 2020 and September 30, 2019.

An incremental adjustment $0.3 million of goodwill was recorded in the quarter ended September 30, 2020 as the result of finalization of purchase accounting from the W3LL PEOPLE acquisition.

The estimated future amortization expense related to finite-lived intangible assets, assuming no impairment as of September 30, 2020 is as follows (in thousands):



Remainder of Fiscal 2021	$	4,062
2022	8,123
2023	8,122
2024	6,963
2025	1,230
Thereafter	6,048
Total	$	34,548