Intangible Assets and Goodwill

3 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Intangible Assets and Goodwill

Intangible assets as of June 30, 2023 and March 31, 2023 consisted of the following (in thousands):

	June 30, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Book Value
Purchased software	$	551	$	(447)	$	104
Internally developed software	3,670		(548)		3,122
In-place lease and other intangibles	1,094		(259)		835
Customer relationships	8,044		(996)		7,048
Patents	1,112		(1,106)		6
Other	1,799		(1,137)		662
	16,270		(4,493)		11,777
In-process software	57		—		57
Intangible assets, total	$	16,327	$	(4,493)	$	11,834

	March 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Book Value
Purchased software	$	544	$	(433)	$	111
Internally developed software	3,672		(465)		3,207
In-place lease and other intangibles	1,094		(229)		865
Customer relationships	8,050		(851)		7,199
Patents	1,112		(1,105)		7
Other	1,782		(1,108)		674
	16,254		(4,191)		12,063
In-process software	40		—		40
Intangible assets, total	$	16,294	$	(4,191)	$	12,103

Based on the intangible assets recorded at June 30, 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)
Year ending March 31,	Amortization
2024 (excluding the three months ended June 30, 2023)	$	920
2025	1,166
2026	1,083
2027	1,024
2028	976
2029	969
Thereafter	5,639
	$	11,777

The carrying amount of goodwill as of June 30, 2023 and March 31, 2023 was $10.6 million. There was no impairment of goodwill during the three months ended June 30, 2023.