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INTANGIBLE ASSETS AND GOODWILL
 9 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL INTANGIBLE ASSETS AND GOODWILL
The Company capitalizes costs for software to be sold, marketed, or leased to customers. Costs incurred internally in researching and developing software products are charged to expense until technological feasibility has been established for the product. Once technological feasibility is established, software costs are capitalized until the product is available for general release to customers. Judgment is required in determining when technological feasibility of a product is established. The amortization of these costs is included in cost of revenue over the estimated life of the products.
The following table summarizes identifiable intangible assets of the Company as of March 31, 2024 and December 31, 2024 (in thousands):

December 31, 2024Useful Lives (In Years)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Amortized:
Customer relationships
9 - 13
$202,264 $(17,592)$184,672 
Trademark and tradename
3 - 15
21,562 (5,229)16,333 
Patents
7 - 11
628 (531)97 
Technology
5 - 7
72,769 (17,549)55,220 
Software to be sold or leased
3 - 7
8,423 (1,516)6,907 
305,646 (42,417)263,229 
Unamortized:
Customer list104 — 104 
Trademark and tradename63 — 63 
167 — 167 
Total$305,813 $(42,417)$263,396 

March 31, 2024Useful Lives (In Years)Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Amortized:
Customer relationships
9 - 12
$19,264 $(8,012)$11,252 
Trademark and tradename
3 - 15
7,553 (3,877)3,676 
Patents
7 - 11
628 (464)164 
Technology
 7
10,911 (10,911)— 
Software to be sold or leased
3
5,159 (764)4,395 
43,515 (24,028)19,487 
Unamortized:
Customer list104 — 104 
Trademark and tradename61 — 61 
165 — 165 
Total$43,680 $(24,028)$19,652 

At December 31, 2024, the weighted-average amortization periods for customer relationships, trademarks and tradenames, patents, technology, and capitalized software to be sold or leased were 12.8, 12.1, 7.0, 4.7, and 5.0 years, respectively.

Amortization expense for the three- and nine-month periods ended December 31, 2023 was $1,148 and $4,317, respectively, and for the three- and nine-month periods ended December 31, 2024 was $8,966 and $18,389, respectively.
Estimated future amortization expense for each of the five succeeding fiscal years for these intangible assets is as follows:

2025 (remaining)$10,265 
202633,926 
202733,612 
202832,251 
202931,093 
Thereafter122,082 
$263,229 

Refer to Note 3 for the change in the carrying amount of goodwill from April 1, 2024 to December 31, 2024 as a result of the MiX Combination and FC Acquisition.

For the nine-month period ended December 31, 2024, the Company did not identify any indicators of impairment.