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Goodwill and Intangible Assets | 3 Months Ended
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Jun. 30, 2018
Goodwill and Intangible Assets [Abstract] |
Goodwill and Intangible Assets |
Note 13: | Goodwill and Intangible Assets
Changes in the carrying amount of goodwill were as follows:
|  | VTS |  |  | Building HVAC |  |  | CIS |  |  | Total |
Goodwill, March 31, 2018 |  | $ | 0.5 |  |  | $ | 15.0 |  |  | $ | 158.3 |  |  | $ | 173.8 |
Effect of exchange rate changes |  |  | - |  |  |  | (0.7 | ) |  |  | (2.7 | ) |  |  | (3.4 | )
Goodwill, June 30, 2018 |  | $ | 0.5 |  |  | $ | 14.3 |  |  | $ | 155.6 |  |  | $ | 170.4 |
Intangible assets consisted of the following:
|  | June 30, 2018 |  |  | March 31, 2018 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Intangible Assets |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Intangible Assets |
Customer relationships |  | $ | 62.5 |  |  | $ | (6.4 | ) |  | $ | 56.1 |  |  | $ | 64.2 |  |  | $ | (5.7 | ) |  | $ | 58.5 |
Trade names |  |  | 59.5 |  |  |  | (11.3 | ) |  |  | 48.2 |  |  |  | 60.6 |  |  |  | (10.8 | ) |  |  | 49.8 |
Acquired technology |  |  | 24.4 |  |  |  | (4.0 | ) |  |  | 20.4 |  |  |  | 25.2 |  |  |  | (3.6 | ) |  |  | 21.6 |
Total intangible assets |  | $ | 146.4 |  |  | $ | (21.7 | ) |  | $ | 124.7 |  |  | $ | 150.0 |  |  | $ | (20.1 | ) |  | $ | 129.9 |
The Company recorded amortization expense of $2.3 million and $2.4 million for the three months ended June 30, 2018 and 2017, respectively. The Company estimates that it will record approximately $9.0 million of annual amortization expense in fiscal 2020 and 2021 and approximately $8.0 million of annual amortization expense in fiscal 2022 through 2024.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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