Note 13:

Goodwill

Changes in the carrying amount of goodwill, by segment and in the aggregate, were as follows:

	Asia		BHVAC			CIS		Total
Balance, March 31, 2016	$	0.5	$	15.3		$	-	$	15.8
Acquired goodwill (a)		-		-			150.6		150.6
Effect of exchange rate changes		-		(1.6	)		0.3		(1.3	)
Balance, March 31, 2017		0.5		13.7			150.9		165.1
Acquired goodwill (a)		-		-			1.3		1.3
Effect of exchange rate changes		-		1.3			6.1		7.4
Balance, March 31, 2018	$	0.5	$	15.0		$	158.3	$	173.8

(a)

See Note 2 for additional information about the goodwill recorded as a result of the acquisition of Luvata HTS.

The Company assesses goodwill for impairment annually, or more frequently if events or circumstances change that would, more likely than not, reduce the fair value of a reporting unit below its carrying value. The Company conducted its annual assessment for goodwill impairment during the fourth quarter of fiscal 2018 for its Asia, BHVAC, and CIS segments, by applying a fair value-based test, and determined that the fair value of its reporting units exceeded their respective book values.

At both March 31, 2018 and 2017, accumulated goodwill impairment losses totaled $31.6 million and $8.7 million within the Americas and Europe segments, respectively.