Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v3.23.2
Goodwill and Intangible Assets
 3 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
Changes in the carrying amount of goodwill by segment follows:
ODS AGP Total
Goodwill as of March 31, 2023
 $ 80,176  $ 481,400  $ 561,576 
Foreign currency translation —  (2,930) (2,930)
Goodwill as of June 30, 2023
 $ 80,176  $ 478,470  $ 558,646 
Intangible Assets
The components of intangible assets were as follows as of the periods indicated:
 
As of June 30, 2023
Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net
Customer relationships 12.02 years $ 169,131  $ (44,674) $ 124,457 
Developed technology 5.04 years 146,609  (43,988) 102,621 
Trade names 2.08 years 69,988  (31,710) 38,278 
Publisher relationships 17.59 years 108,993  (11,808) 97,185 
Total $ 494,721  $ (132,180) $ 362,541 
 
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 
The Company recorded amortization expense of $16,189 during the three months ended June 30, 2023, and $16,117 during the three months ended June 30, 2022, in general and administrative expenses on the condensed consolidated statements of operations and comprehensive (loss) income.
Estimated amortization expense in future fiscal years is expected to be:
Fiscal year 2024 $ 48,272 
Fiscal year 2025 55,724 
Fiscal year 2026 41,460 
Fiscal year 2027 35,335 
Fiscal year 2028 35,335 
Thereafter 146,415 
Total $ 362,541