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INTANGIBLE ASSETS AND GOODWILL
 9 Months Ended
Dec. 31, 2025
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, 2025 and December 31, 2025 (in thousands):

December 31, 2025
Useful Lives
(In Years)
Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Definite-lived:
Customer relationships
9 - 13
$216,141 $(36,562)$179,579 
Trademark and tradename
3 - 15
23,720 (7,692)16,028 
Patents
7 - 11
2,128 (829)1,299 
Technology
5 - 7
88,500 (37,112)51,388 
Software to be sold or leased
3 - 7
20,716 (4,894)15,822 
351,205 (87,089)264,116 
Indefinite-lived:
Customer list104 — 104 
Trademark and tradename61 — 61 
165 — 165 
Total$351,370 $(87,089)$264,281 
March 31, 2025
Useful Lives
(In Years)
Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Definite-lived:
Customer relationships
9 - 13
$200,868 $(21,994)$178,874 
Trademark and tradename
3 - 15
21,557 (5,805)15,752 
Patents
7 - 11
628 (553)75 
Technology
5 - 7
74,050 (21,705)52,345 
Software to be sold or leased
3 - 7
13,490 (2,119)11,371 
310,593 (52,176)258,417 
Indefinite-lived:
Customer list104 — 104 
Trademark and tradename61 — 61 
165 — 165 
Total$310,758 $(52,176)$258,582 

The weighted-average amortization periods for customer relationships, trademarks and tradenames, patents, technology, and capitalized software to be sold or leased for December 31, 2025 were 11.0, 10.1, 6.3, 3.7, and 3.6 years, respectively, and for March 31, 2025 were 11.7, 10.8, 7.0, 4.4, and 4.3 years, respectively.

Amortization expense for the three- and nine-month periods ended December 31, 2024 was $8,966 and $18,389, respectively, and for the three- and nine-month periods ended December 31, 2025 was $9,735 and $29,110, respectively.

Estimated future amortization expense for each of the five succeeding fiscal years for these intangible assets is as follows:

2026 (remaining)
$15,055 
202744,239 
202838,905 
202935,346 
203022,973 
Thereafter107,598 
$264,116 
Reconciliation of Total Goodwill

The following table is a reconciliation of the carrying amount of goodwill as of March 31, 2025 and December 31, 2025 (in thousands):
March 31,
2025		December 31,
2025
Goodwill
Opening balance
$83,487 $383,146 
Businesses acquired
MiX Combination
216,799 — 
FC Acquisition
82,245 — 
Powerfleet Africa Sky
— 552 
Foreign currency translation difference615 29,646 
Closing balance
$383,146 $413,344 

For the nine-month period ended December 31, 2025, the Company did not identify any indicators of impairment.