Goodwill and Other Intangible Assets, Net

9 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

Goodwill and Other Intangible Assets, Net

Changes in the carrying amount of goodwill on a consolidated basis for the nine months ended December 31, 2021 consists of the following (in thousands):

	December 31, 2021
Balance, beginning of period	$	1,271,195
Goodwill from acquisitions (1)	10,374
Foreign currency impact	195
Balance, end of period	$	1,281,764

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(1) The initial allocation of the purchase price from acquisitions was based on preliminary valuations and assumptions and is subject to change. The Company expects to finalize the allocation of the purchase prices within the measurement period.

Other intangible assets, net excluding goodwill consists of the following (in thousands):

	Weighted Average  Useful Life (in months)
		December 31, 2021		March 31, 2021
Capitalized software	107	$	192,536	$	189,398
Customer relationships	120	351,555		351,555
Trademarks and tradenames	120	55,003		55,003
Total intangible assets		599,094		595,956
Less: accumulated amortization		(481,186)		(446,472)
Total other intangible assets, net		$	117,908	$	149,484

Amortization of other intangible assets totaled $11.6 million and $13.0 million for the three months ended December 31, 2021 and 2020, respectively, and $34.7 million and $39.0 million for the nine months ended December 31, 2021 and 2020, respectively.