INTANGIBLES

12 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLES

INTANGIBLES

Intangibles consisted of the following (in thousands):

	Year Ended March 31,
	2023		2022
Purchased software	$	544	$	447
Internally developed software	3,672		4,112
In-place lease and other intangibles	1,094		1,108
Customer relationships	8,050		7,694
Patents	1,112		1,112
Other	1,782		1,391
	16,254		15,864
Accumulated amortization	(4,191)		(2,947)
	12,063		12,917
In-process software	40		343
Intangible assets, total	$	12,103	$	13,260

In the fiscal year ended March 31, 2023, the Company impaired $0.3 million of previously capitalized costs related to a software project that was deemed no longer probable to be completed and placed in service.

The components of purchased intangible assets for WASI were as follows (in thousands):

		March 31, 2023
	Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Amount
Customer relationships	8 years, 10 months	$	683	$	13	670
Other	14 years, 4 months	361		4		357
	10 years, 9 months	$	1,044	$	17	$	1,027

Based on the intangible assets recorded at March 31, 2023 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)	Amortization
2024	$	1,236
2025	1,165
2026	1,081
2027	1,025
2028	976
Thereafter	6,580
	$	12,063