Intangible Assets and Goodwill

3 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Intangible Assets and Goodwill

Intangible assets as of June 30, 2022 and March 31, 2022 consisted of the following (in thousands):

	June 30, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Book Value
Purchased software	$	447	$	(394)	$	53
Internally developed software	3,562		(210)		3,352
In-place lease and other intangibles	1,094		(110)		984
Customer relationships	7,057		(452)		6,605
Patents	1,112		(1,102)		10
Other	1,405		(969)		436
	14,677		(3,237)		11,440
In-process software	349		—		349
Intangible assets, total	$	15,026	$	(3,237)	$	11,789

	March 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Book Value
Purchased software	$	447	$	(386)	$	61
Internally developed software	4,112		(139)		3,973
In-place lease and other intangibles	1,108		(63)		1,045
Customer relationships	7,694		(339)		7,355
Patents	1,112		(1,101)		11
Other	1,391		(919)		472
	15,864		(2,947)		12,917
In-process software	343		—		343
Intangible assets, total	$	16,207	$	(2,947)	$	13,260

Based on the intangible assets recorded at June 30, 2022 and assuming no subsequent additions to or impairment of the underlying assets, the remaining estimated annual amortization expense is expected to be as follows:

(In thousands)
Year ending March 31,	Amortization
2023 (excluding the three months ended June 30, 2022)	$	917
2024	1,069
2025	997
2026	928
2027	888
2028	840
Thereafter	5,801
	$	11,440

The carrying amount of goodwill as of June 30, 2022 and March 31, 2022 was $10.3 million and $10.1 million, respectively. The change is primarily attributable to adjustments made to the purchase price allocation related to the Company's acquisition of GdW Beheer B.V. mentioned in Note 2.