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Discontinued Operations (Tables)
 6 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table summarizes the major classes of assets and liabilities of the Dental business segment that were classified as held for sale in the Consolidated Balance Sheets as of March 31, 2024:
 March 31,
2024
  
Assets
Assets held-for-sale:
Accounts receivable, net$48,590 
Inventories, net89,345 
Property, plant, and equipment, net73,395 
Lease right-of-use assets, net22,822 
Intangibles, net770,731 
Prepaid expenses and other assets2,953 
Loss accrued on classification as held for sale
(202,932)
Total assets held-for-sale$804,904 
Liabilities
Liabilities held-for-sale:
Accounts payable$10,580 
Accrued income taxes433 
Accrued payroll and other related liabilities13,683 
Lease obligations23,722 
Accrued expenses and other15,594 
Total liabilities held-for-sale$64,012 
The following table summarizes the major line items constituting pre-tax income of discontinued operations associated with the Dental segment for the three and six months ending September 30, 2024 and 2023:

 Three Months Ended September 30, 2024Six Months Ended September 30,
 2024202320242023
Revenues:
Product$— $104,156 $63,936 $205,312 
Cost of revenues:
Product— 56,855 35,146 113,554 
Gross profit:— 47,301 28,790 91,758 
Operating expenses:
Selling, general, and administrative— 52,221 13,466 104,749 
Research and development— 776 369 1,584 
(Loss) income from operations (1)
— (5,696)14,955 (14,575)
Non-operating expenses (income), net— 2 1 (10)
Pre-tax loss on sale
(270)— (8,113)— 
(Loss) income before income tax expense
(270)(5,698)6,841 (14,565)
Income tax (benefit) expense(57)(1,247)1,462 (3,323)
(Loss) income from discontinued operations, net of income tax(213)(4,451)5,379 (11,242)
(1) Income from operations for the six month period ended September 30, 2024 includes two months of operating results prior to the transaction close on May 31, 2024 and excludes depreciation and amortization of property, plant, equipment, and intangible assets subsequent to the held for sale classification as of March 2, 2024.
The effective income tax rates for the three month periods ending September 30, 2024 and 2023 from discontinued operations were 21.1% and 21.9%, respectively. The effective income tax rates for the six month periods ending September 30, 2024 and 2023 from discontinued operations were 21.4% and 22.8%, respectively.
Significant non-cash operating items and capital expenditures related to discontinued operations are reflected in the statement of cash flows as follows:
 Six Months Ended September 30,
 20242023
Operating activities of discontinued operations:
Depreciation, depletion, and amortization$— $60,837 
Investing activities of discontinued operations:
Purchases of property, plant, equipment, and intangibles, net$(433)$(2,720)