Goodwill and Intangible Assets (Tables)
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12 Months Ended |
Mar. 31, 2024 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill |
A summary of changes in goodwill during the years ended March 31, 2024 and 2023 is as follows:
| | | | | | | | | | | | | | | | | | | | Balance at April 1, 2022 | $ | 648,849 | | | Working capital adjustment for Garvey | $ | 1,616 | | | Garvey contingent payment reclassification | $ | (2,000) | | | Currency Translation | $ | (3,836) | | | Balance at March 31, 2023 | 644,629 | | | Acquisition of montratec (Refer to Note 3) | 66,566 | | | Currency translation | (861) | | Balance at March 31, 2024 | $ | 710,334 | |
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| Schedule of Indefinite-Lived Intangible Assets |
Identifiable intangible assets at March 31, 2024 are summarized as follows (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net | | Trademark | | $ | 22,404 | | | $ | (7,903) | | | $ | 14,501 | | | Indefinite-lived trademark | | 46,254 | | | — | | | 46,254 | | | Customer relationships | | 355,489 | | | (108,688) | | | 246,801 | | | Acquired technology | | 112,467 | | | (35,152) | | | 77,315 | | | Other | | 3,748 | | | (2,985) | | | 763 | | | Balance at March 31, 2024 | | $ | 540,362 | | | $ | (154,728) | | | $ | 385,634 | |
Identifiable intangible assets at March 31, 2023 were as follows (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net | | Trademark | | $ | 19,478 | | | $ | (6,315) | | | $ | 13,163 | | | Indefinite-lived trademark | | 46,338 | | | — | | | 46,338 | | | Customer relationships | | 322,658 | | | (88,685) | | | 233,973 | | | Acquired technology | | 96,291 | | | (27,945) | | | 68,346 | | | Other | | 3,585 | | | (2,868) | | | 717 | | | Balance at March 31, 2023 | | $ | 488,350 | | | $ | (125,813) | | | $ | 362,537 | |
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| Schedule of Finite-Lived Intangible Assets |
Identifiable intangible assets at March 31, 2024 are summarized as follows (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net | | Trademark | | $ | 22,404 | | | $ | (7,903) | | | $ | 14,501 | | | Indefinite-lived trademark | | 46,254 | | | — | | | 46,254 | | | Customer relationships | | 355,489 | | | (108,688) | | | 246,801 | | | Acquired technology | | 112,467 | | | (35,152) | | | 77,315 | | | Other | | 3,748 | | | (2,985) | | | 763 | | | Balance at March 31, 2024 | | $ | 540,362 | | | $ | (154,728) | | | $ | 385,634 | |
Identifiable intangible assets at March 31, 2023 were as follows (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | Gross
Carrying
Amount | | Accumulated
Amortization | | Net | | Trademark | | $ | 19,478 | | | $ | (6,315) | | | $ | 13,163 | | | Indefinite-lived trademark | | 46,338 | | | — | | | 46,338 | | | Customer relationships | | 322,658 | | | (88,685) | | | 233,973 | | | Acquired technology | | 96,291 | | | (27,945) | | | 68,346 | | | Other | | 3,585 | | | (2,868) | | | 717 | | | Balance at March 31, 2023 | | $ | 488,350 | | | $ | (125,813) | | | $ | 362,537 | |
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