| Goodwill and Intangible Assets |
Goodwill and Intangible Assets Goodwill
Changes in the carrying amount of goodwill, net, by segment follows:
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ODM |
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IAM-A |
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IAM-F |
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Consolidated |
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Goodwill as of March 31, 2021 |
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$ |
80,176 |
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$ |
— |
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$ |
— |
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$ |
80,176 |
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| Purchase of AdColony |
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— |
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199,050 |
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— |
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199,050 |
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| Purchase of Fyber |
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— |
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— |
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298,983 |
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298,983 |
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| Foreign currency translation and other |
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— |
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(15,204) |
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(3,213) |
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(18,417) |
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Goodwill as of March 31, 2022 |
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$ |
80,176 |
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$ |
183,846 |
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$ |
295,770 |
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$ |
559,792 |
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Intangible Assets
The components of intangible assets as of March 31, 2022, and March 31, 2021, were as follows:
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As of March 31, 2022 |
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Weighted-Average Remaining Useful Life |
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Cost |
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Accumulated Amortization |
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Net |
| Customer relationships |
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12.01 years |
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$ |
171,060 |
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$ |
(19,636) |
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$ |
151,424 |
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| Developed technology |
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6.26 years |
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144,581 |
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(18,103) |
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126,478 |
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| Trade names |
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3.33 years |
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69,205 |
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(8,523) |
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60,682 |
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| Publisher relationships |
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18.77 years |
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106,514 |
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(4,509) |
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102,005 |
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| Total |
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$ |
491,360 |
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$ |
(50,771) |
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$ |
440,589 |
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As of March 31, 2021 |
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Weighted-Average Remaining Useful Life |
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Cost |
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Accumulated Amortization |
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Net |
| Customer relationships |
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16.81 years |
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$ |
46,400 |
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$ |
(4,171) |
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$ |
42,229 |
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| Developed technology |
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9.12 years |
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20,526 |
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(11,141) |
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9,385 |
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| Trade names |
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9.92 years |
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2,000 |
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(314) |
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1,686 |
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| Total |
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$ |
68,926 |
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$ |
(15,626) |
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$ |
53,300 |
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During the fiscal years ended March 31, 2022, 2021, and 2020, the Company recorded amortization expense of $48,420, $2,782 and $218, respectively, in general and administrative expenses on the consolidated statements of operations and comprehensive income / (loss).As of March 31, 2022, the Company changed the useful lives of all its trade names intangible assets to approximately 3.33 years due to the planned rebranding of the Company's recent acquisitions, which will begin during the Company's fiscal year ended March 31, 2023. The estimated amortization expense in future fiscal years disclosed below reflect this change in the useful lives of the Company's trade names intangible assets.
Estimated amortization expense in future fiscal years is expected to be:
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| Fiscal year 2023 |
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$ |
64,259 |
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| Fiscal year 2024 |
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64,259 |
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| Fiscal year 2025 |
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54,601 |
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| Fiscal year 2026 |
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34,180 |
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| Fiscal year 2027 |
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34,180 |
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| Thereafter |
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189,110 |
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| Total |
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$ |
440,589 |
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