The following table summarizes changes in goodwill balance (in thousands):

Intangible assets consisted of the following (in thousands):

(1) The Company’s Federal Communications Commission (“FCC”) licenses are recognized as finite-lived intangible assets and are amortized over their estimated useful lives. The licenses are subject to annual renewal upon expiration and require approval by the FCC. The Company intends to renew these licenses, and the expected future cash flows associated with the licenses assume renewal upon expiration. Management does not believe that renewal uncertainty will materially limit the Company’s ability to generate cash flows from its satellite and ground station operations.

As of March 31, 2026, the expected future amortization expense of intangible assets is as follows (in thousands):