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OTHER CURRENT AND NONCURRENT ASSETS
 12 Months Ended
Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER CURRENT AND NONCURRENT ASSETS OTHER CURRENT AND NONCURRENT ASSETS:
 
Other current assets consist of the following (dollars in thousands):  
March 31, 2023March 31, 2022
Prepaid expenses and other$18,918 $13,947 
Assets of non-qualified retirement plan12,110 15,528 
Other current assets$31,028 $29,475 
 
Other noncurrent assets consist of the following (dollars in thousands):  
March 31, 2023March 31, 2022
Long-term prepaid revenue share$9,659 $13,468 
Right-of-use assets (see Note 3)24,604 59,459 
Deferred tax asset1,253 1,224 
Deposits3,452 4,486 
Strategic investments1,600 5,700 
Other miscellaneous noncurrent assets477 877 
Other assets, net$41,045 $85,214 
 
During the twelve months ended March 31, 2023, the Company became aware of a pending sale and the proposed value of the transaction related to one of our strategic investments. As a result, the Company recorded a $4.0 million impairment that is recorded in other expense in the consolidated statement of operations.
In conjunction with the July 2015 disposition of our former IT outsourcing business, we retained a profits interest previously recognized at $0.7 million within miscellaneous noncurrent assets at March 31, 2021. In the twelve months ended March 31, 2022, the Company recorded a $30.5 million gain included in total other income in the consolidated statement of operations related to a $31.2 million cash distribution received from the settlement of this retained profits interest.