Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets

v3.23.1
Goodwill and Intangible Assets
 12 Months Ended
Mar. 31, 2023
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 Total
Goodwill as of March 31, 2022
 $ 80,176  $ 479,616  $ 559,792 
Purchase of In App Video —  4,957  4,957 
Foreign currency translation and other —  (3,173) (3,173)
Goodwill as of March 31, 2023
 $ 80,176  $ 481,400  $ 561,576 
Intangible Assets
The components of intangible assets were as follows as of the periods indicated:
 
As of March 31, 2023
Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net
Customer relationships 12.06 years $ 170,281  $ (39,925) $ 130,356 
Developed technology 5.28 years 146,596  (38,813) 107,783 
Trade names 2.33 years 69,983  (27,115) 42,868 
Publisher relationships 17.83 years 109,028  (10,403) 98,625 
Total $ 495,888  $ (116,256) $ 379,632 
 
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 
During the fiscal years ended March 31, 2023, 2022, and 2021, the Company recorded amortization expense of $64,608, $48,420, and $2,782, respectively, in general and administrative expenses on the 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 rebranding of the Company’s past acquisitions.
Estimated amortization expense in future fiscal years is expected to be:
Fiscal year 2024 $ 64,447 
Fiscal year 2025 55,810 
Fiscal year 2026 41,546 
Fiscal year 2027 35,422 
Fiscal year 2028 35,422 
Thereafter 146,985 
Total $ 379,632