Goodwill and Intangible Assets

3 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

Changes in the carrying amount of goodwill, net, by segment follow:

	ODM		IAM-A		IAM-F		Consolidated
Goodwill as of March 31, 2021	$	80,176	$	—	$	—	$	80,176
Purchase of AdColony	—		202,552		—		202,552
Purchase of Fyber	—		—		303,015		303,015
Foreign currency translation	—		(4,111)		(9,025)		(13,136)
Goodwill as of June 30, 2021	$	80,176	$	198,441	$	293,990	$	572,607

Intangible Assets

The components of intangible assets as of June 30, 2021 and March 31, 2021 were as follows:

	As of June 30, 2021
	(Unaudited)
	Weighted-Average Remaining Useful Life	Cost		Accumulated Amortization		Net
Customer relationships	8.96 years	$	178,271	$	(6,902)	$	171,369
Developed technology	7.01 years	155,984		(13,723)		142,261
Trade names	6.94 years	69,244		(1,592)		67,652
Publisher relationships	19.51 years	107,588		(510)		107,078
Total		$	511,087	$	(22,727)	$	488,360

	As of March 31, 2021
	Weighted-Average Remaining Useful Life	Cost		Accumulated Amortization		Net
Customer relationships	16.81 years	$	46,400	$	(4,171)	$	42,229
Developed technology	9.12 years	20,526		(11,141)		9,385
Trade names	9.92 years	2,000		(314)		1,686
Total		$	68,926	$	(15,626)	$	53,300

The Company recorded amortization expense of $7,101 during the three months ended June 30, 2021 and $670 during the three months ended June 30, 2020 in general and administrative expenses on the condensed consolidated statements of operations and comprehensive income.

Estimated amortization expense in future fiscal years is expected to be:

Remainder of fiscal year 2022	$	41,942
Fiscal year 2023	55,923
Fiscal year 2024	55,923
Fiscal year 2025	47,434
Fiscal year 2026	45,448
Thereafter	241,690
Total	$	488,360