Goodwill and Acquired Intangible Assets

12 Months Ended

Mar. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Note 4 — Goodwill and Acquired Intangible Assets

During fiscal year 2021, the increase in the Company’s goodwill related to the insignificant amount of the effects of foreign currency translation recorded within all three of the Company’s segments. During fiscal year 2020, the decrease in the Company’s goodwill related to the insignificant amount of 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 $5.5 million, $7.6 million and $9.7 million for the fiscal years ended March 31, 2021, March 31, 2020 and March 31, 2019, 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 2022	$	3,300
Expected for fiscal year 2023		2,993
Expected for fiscal year 2024		2,472
Expected for fiscal year 2025		803
Expected for fiscal year 2026		—
Thereafter		—
	$	9,568

The allocation of the other acquired intangible assets and the related accumulated amortization as of March 31, 2021 and 2020 is as follows:

			As of March 31, 2021							As of March 31, 2020
	Weighted Average Useful Life		Total		Accumulated Amortization			Net Book Value		Total		Accumulated Amortization			Net Book Value
	(In years)		(In thousands)
Technology		6	$	78,185	$	(71,549	)	$	6,636	$	89,228	$	(78,935	)	$	10,293
Contracts and customer relationships		8		55,161		(52,229	)		2,932		103,114		(98,968	)		4,146
Satellite co-location rights		9		8,600		(8,600	)		—		8,600		(8,600	)		—
Trade name		3		5,940		(5,940	)		—		5,940		(5,940	)		—
Other		7		3,663		(3,663	)		—		6,399		(6,399	)		—
Total other acquired intangible assets		7	$	151,549	$	(141,981	)	$	9,568	$	213,281	$	(198,842	)	$	14,439

In fiscal year 2021, the gross amount and accumulated amortization for acquired identifiable intangible assets were reduced by the retirement of fully amortized assets that were no longer in use.