Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.22.1
Goodwill and Intangible Assets
 3 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
Changes in the carrying amount of goodwill, net, by segment follow:
ODM IAM-A IAM-F Consolidated
Goodwill as of March 31, 2021
 $ 80,176  $ —  $ —  $ 80,176 
Purchase of AdColony —  202,552  —  202,552 
Purchase of Fyber —  —  303,015  303,015 
Foreign currency translation —  (4,111) (9,025) (13,136)
Goodwill as of June 30, 2021
 $ 80,176  $ 198,441  $ 293,990  $ 572,607 
Intangible Assets
The components of intangible assets as of June 30, 2021 and March 31, 2021 were as follows:
 
As of June 30, 2021
(Unaudited)
Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net
Customer relationships 8.96 years $ 178,271  $ (6,902) $ 171,369 
Developed technology 7.01 years 155,984  (13,723) 142,261 
Trade names 6.94 years 69,244  (1,592) 67,652 
Publisher relationships 19.51 years 107,588  (510) 107,078 
Total $ 511,087  $ (22,727) $ 488,360 
 
As of March 31, 2021
Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net
Customer relationships 16.81 years $ 46,400  $ (4,171) $ 42,229 
Developed technology 9.12 years 20,526  (11,141) 9,385 
Trade names 9.92 years 2,000  (314) 1,686 
Total $ 68,926  $ (15,626) $ 53,300 
The Company recorded amortization expense of $7,101 during the three months ended June 30, 2021 and $670 during the three months ended June 30, 2020 in general and administrative expenses on the condensed consolidated statements of operations and comprehensive income.
Estimated amortization expense in future fiscal years is expected to be:
Remainder of fiscal year 2022 $ 41,942 
Fiscal year 2023 55,923 
Fiscal year 2024 55,923 
Fiscal year 2025 47,434 
Fiscal year 2026 45,448 
Thereafter 241,690 
Total $ 488,360