Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.21.2
Goodwill and Intangible Assets
 6 Months Ended
Sep. 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 —  200,875  —  200,875 
Purchase of Fyber —  —  300,705  300,705 
Foreign currency translation and other —  (6,544) (16,179) (22,723)
Goodwill as of September 30, 2021
 $ 80,176  $ 194,331  $ 284,526  $ 559,033 
Intangible Assets
The components of intangible assets as of September 30, 2021, and March 31, 2021, were as follows:
 
As of September 30, 2021
(Unaudited)
Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net
Customer relationships 12.57 years $ 176,286  $ (11,850) $ 164,436 
Developed technology 6.76 years 153,839  (18,792) 135,047 
Trade names 6.69 years 68,959  (4,000) 64,959 
Publisher relationships 19.25 years 104,954  (1,868) 103,086 
Total $ 504,038  $ (36,510) $ 467,528 
 
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 $13,999 and $21,100, respectively, during the three and six months ended September 30, 2021, and $670 and $1,341, respectively, during the three and six months ended September 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 $ 27,550 
Fiscal year 2023 55,101 
Fiscal year 2024 55,101 
Fiscal year 2025 46,821 
Fiscal year 2026 44,878 
Thereafter 238,077 
Total $ 467,528