Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.22.2.2
Goodwill and Intangible Assets
 6 Months Ended
Sep. 30, 2022
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 follows:
ODS AGP Consolidated
Goodwill as of March 31, 2022
 $ 80,176  $ 479,616  $ 559,792 
Foreign currency translation and purchase price adjustments —  (11,552) (11,552)
Goodwill as of September 30, 2022
 $ 80,176  $ 468,064  $ 548,240 
Intangible Assets
The components of intangible assets as of September 30, 2022, and March 31, 2022, were as follows:
 
As of September 30, 2022
Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net
Customer relationships 12.19 years $ 168,166  $ (29,546) $ 138,620 
Developed technology 5.78 years 145,586  (28,654) 116,932 
Trade names 2.83 years 69,634  (17,841) 51,793 
Publisher relationships 18.32 years 107,812  (7,488) 100,324 
Total $ 491,198  $ (83,529) $ 407,669 
 
As of March 31, 2022
Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net
Customer relationships 12.01 years $ 171,060  $ (19,636) $ 151,424 
Developed technology 6.26 years 144,581  (18,103) 126,478 
Trade names 3.33 years 69,205  (8,523) 60,682 
Publisher relationships 18.77 years 106,514  (4,509) 102,005 
Total $ 491,360  $ (50,771) $ 440,589 
The Company recorded amortization expense of $16,185 and $32,302, respectively, during the three and six months ended September 30, 2022, and $13,999 and $21,100, respectively, during the three and six months ended September 30, 2021, in general and administrative expenses on the condensed consolidated statements of operations and comprehensive income / (loss). As of March 31, 2022, the Company changed the useful lives of all its trade names intangible assets to approximately 3.33 years due to the planned rebranding of the Company’s recent acquisitions, which began during the three months ended June 30, 2022.
Estimated amortization expense in future fiscal years is expected to be:
Fiscal year 2023 $ 31,952 
Fiscal year 2024 63,904 
Fiscal year 2025 55,360 
Fiscal year 2026 41,177 
Fiscal year 2027 35,084 
Thereafter 180,192 
Total $ 407,669