Intangible Assets and Goodwill

6 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Intangible Assets and Goodwill

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

	September 30, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Book Value
Purchased software	$	623	$	(464)	$	159
Internally developed software	3,608		(621)		2,987
In-place lease and other intangibles	1,094		(289)		805
Customer relationships	7,871		(1,122)		6,749
Patents	1,112		(1,107)		5
Other	1,768		(1,173)		595
	16,076		(4,776)		11,300
In-process software	60		—		60
Intangible assets, total	$	16,136	$	(4,776)	$	11,360

	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 September 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 six months ended September 30, 2023)	$	609
2025	1,172
2026	1,088
2027	1,015
2028	960
2029	952
Thereafter	5,504
	$	11,300

The carrying amount of goodwill as of September 30, 2023 and March 31, 2023 was $10.5 million and $10.6 million, respectively. There was no impairment on goodwill during the six months ended September 30, 2023.