Goodwill and Acquired Intangible Assets

12 Months Ended

Mar. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Acquired Intangible Assets

Note 4 — Goodwill and Acquired Intangible Assets

During fiscal year 2020, the decrease in the Company’s goodwill related to the effects of foreign currency translation recorded within all three of the Company’s segments. During fiscal year 2019, 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 $7.6 million, $9.7 million and $12.2 million for the fiscal years ended March 31, 2020, March 31, 2019 and March 31, 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. Expected amortization expense for acquired intangible assets for each of the following periods is as follows:

	Amortization
	(In thousands)
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
Expected for fiscal year 2025		557
Thereafter		—
	$	14,439

The allocation of the other acquired intangible assets and the related accumulated amortization as of March 31, 2020 and 2019 is as follows:

			As of March 31, 2020							As of March 31, 2019
	Weighted Average Useful Life		Total		Accumulated Amortization			Net Book Value		Total		Accumulated Amortization			Net Book Value
	(In years)		(In thousands)
Technology		6	$	89,228	$	(78,935	)	$	10,293	$	89,972	$	(73,992	)	$	15,980
Contracts and customer relationships		7		103,114		(98,968	)		4,146		103,283		(96,970	)		6,313
Satellite co-location rights		9		8,600		(8,600	)		—		8,600		(8,592	)		8
Trade name		3		5,940		(5,940	)		—		5,940		(5,940	)		—
Other		8		6,399		(6,399	)		—		9,989		(9,989	)		—
Total other acquired intangible assets			$	213,281	$	(198,842	)	$	14,439	$	217,784	$	(195,483	)	$	22,301