Goodwill and Acquired Intangible Assets

9 Months Ended

Dec. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Acquired Intangible Assets

Note 5 — Goodwill and Acquired Intangible Assets

During the nine months ended December 31, 2019, the increase in the Company’s goodwill related to the effects of foreign currency translation recorded within all three of the Company’s segments. During the nine months ended December 31, 2018, the increase in the Company’s goodwill related to an insignificant acquisition, partially offset by the effects of foreign currency translation recorded within all three of the Company’s segments.

Other acquired intangible assets are amortized using the straight-line method over their estimated useful lives of two to ten years. Amortization expense related to other acquired intangible assets was $1.9 million and $2.5 million for the three months ended December 31, 2019 and 2018, respectively, and $5.9 million and $7.4 million for the nine months ended December 31, 2019 and 2018, respectively.

The expected amortization expense of amortizable acquired intangible assets may change due to the effects of foreign currency fluctuations as a result of international businesses acquired. Current and expected amortization expense for acquired intangible assets for each of the following periods is as follows:

	Amortization
	(In thousands)
For the nine months ended December 31, 2019	$	5,920
Expected for the remainder of fiscal year 2020	$	1,633
Expected for fiscal year 2021		5,120
Expected for fiscal year 2022		3,297
Expected for fiscal year 2023		2,993
Expected for fiscal year 2024		2,472
Thereafter		756
	$	16,271