Intangible Assets, Goodwill, and Software Development Costs

12 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Goodwill, and Software Development Costs

5. Intangible Assets, Goodwill, and Software Development Costs

The following table summarizes our intangible assets and software development costs at March 31, 2026, and 2025:

	March 31, 2026										March 31, 2025
	Gross								Net		Gross								Net
	carrying		Accumulated			Accumulated			carrying		carrying		Accumulated			Accumulated			carrying
(In thousands)	amount		amortization			Impairment			amount		amount		amortization			impairment			amount
Finite-lived intangible assets:
Customer relationships	$	54,793	$	(16,159	)	$	—		$	38,634	$	53,763	$	(13,745	)	$	—		$	40,018
Non-competition agreements		8,845		(6,366	)		—			2,479		8,669		(4,522	)		—			4,147
Developed technology		13,691		(11,860	)		—			1,831		13,597		(11,178	)		—			2,419
Trade names		17,700		(2,685	)		—			15,015		17,201		(1,383	)		—			15,818
Patented technology		80		(80	)		—			—		80		(80	)		—			—
		95,109		(37,150	)		—			57,959		93,310		(30,908	)		—			62,402
Indefinite-lived trade names		8,400	N/A				—			8,400		8,400	N/A				—			8,400
Total intangible assets	$	103,509	$	(37,150	)	$	—		$	66,359	$	101,710	$	(30,908	)	$	—		$	70,802
(In thousands)
Software development costs	$	67,541	$	(45,535	)	$	(22,006	)	$	—	$	67,541	$	(45,535	)	$	(22,006	)	$	—

During the year ended March 31, 2026, goodwill increased $3.3 million due to foreign currency translation. During the year ended March 31, 2025, goodwill increased $104.0 million due to business combination activity and decreased $6.2 million due to foreign currency translation.

During the year ended March 31, 2026, finite-lived intangible assets decreased $6.1 million due to amortization expense and increased $1.7 million due to foreign currency translation. During the year ended March 31, 2025, finite-lived intangible assets increased $61.0 million due to business combination activity and decreased $4.0 million and $3.1 million due to amortization expense and foreign currency translation, respectively. We recognize amortization expense of developed technology in cost of goods sold.

See Note 16, Business Combination, for more information on business combination activity.

Estimated future amortization expense on finite-lived intangible assets is as follows:

(In thousands)	Estimated Amortization Expense
Fiscal year ending March 31,
2027	$	5,991
2028		4,660
2029		3,972
2030		3,660
2031		3,464
Thereafter		36,212
Total	$	57,959

Indefinite-lived intangible assets, comprised of our purchased trade name InfoGenesis as of March 31, 2026 and 2025 are tested for impairment upon identification of impairment indicators or at least annually. An impairment loss is recognized if the carrying amount is greater than fair value. The InfoGenesis indefinite-lived purchased trade name impairment testing resulted in a fair value exceeding the carrying amount for each of the years ending March 31, 2026, 2025 and 2024.