v3.24.3
Goodwill and intangible assets
6 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and intangible assets Goodwill and intangible assets
Information regarding the Company’s goodwill and intangible assets as of September 30, 2024 is as follows (in thousands):
 Estimated useful lifeGross carrying amountAccumulated amortizationNet carrying amount
Customer relationships – retailers10 years$97,600 $(74,833)$22,767 
Customer relationships – e-commerce
3 years
21,540 (9,807)11,733 
Trademarks
10 to 15 years
128,000 (9,904)118,096 
Total finite-lived intangibles247,140 (94,544)152,596 
TrademarksIndefinite63,800 — 63,800 
Goodwill340,582 — 340,582 
Total goodwill and other intangibles$651,522 $(94,544)$556,978 
Information regarding the Company’s goodwill and intangible assets as of March 31, 2024 is as follows (in thousands):
 Estimated useful lifeGross carrying amountAccumulated amortizationNet carrying amount
Customer relationships – retailers10 years$97,600 $(73,393)$24,207 
Customer relationships – e-commerce3 years21,540 (6,874)14,666 
Trademarks
10 to 15 years
128,000 (5,579)122,421 
Total finite-lived intangibles247,140 (85,846)161,294 
TrademarksIndefinite63,800 — 63,800 
Goodwill340,600 — 340,600 
Total goodwill and other intangibles$651,540 $(85,846)$565,694 
Information regarding the Company’s goodwill and intangible assets as of September 30, 2023 is as follows (in thousands):
 Estimated useful lifeGross carrying amountAccumulated amortizationNet carrying amount
Customer relationships – retailers10 years$77,600 $(69,660)$7,940 
Customer relationships – e-commerce3 years3,940 (3,940)— 
Trademarks10 years3,500 (1,254)2,246 
Total finite-lived intangibles85,040 (74,854)10,186 
TrademarksIndefinite63,800 — 63,800 
Goodwill171,620 — 171,620 
Total goodwill and other intangibles$320,460 $(74,854)$245,606 
Amortization expenses on finite-lived intangible assets were $4.3 million and $2.0 million in the three months ended September 30, 2024 and September 30, 2023, respectively, and $8.7 million and $4.1 million in the six months ended September 30, 2024 and September 30, 2023, respectively. Certain trademark assets have been classified as indefinite-lived intangible assets and accordingly, are not subject to amortization. There were no impairments of goodwill or intangible assets recorded in the three and six months ended September 30, 2024 and September 30, 2023.
The estimated future amortization expense related to finite-lived intangible assets, assuming no impairment as of September 30, 2024 is as follows (in thousands):
Remainder of fiscal 2025$8,698 
202617,397 
202714,463 
202811,530 
202911,530 
Thereafter88,978 
Total$152,596