XML 36 R20.htm IDEA: XBRL DOCUMENT
v3.22.2

Goodwill and Intangible Assets | 3 Months Ended
--- | ---
Jun. 30, 2022
Goodwill and Intangible Assets [Abstract] |
Goodwill and Intangible Assets | Note 13: Goodwill and Intangible Assets The following table presents a rollforward of the carrying value of goodwill from March 31, 2022 to June 30, 2022. The Company has recast the March 31, 2022 goodwill balances to be comparable with the current segment structure. There was no impact to the underlying reporting units as a result of the segment realignment during the first quarter of fiscal 2023.
|  | Climate Solutions |  |  | Performance Technologies |  |  | Total |
Goodwill, March 31, 2022 |  | $ | 108.1 |  |  | $ | 60.0 |  |  | $ | 168.1 |
Effect of exchange rate changes |  |  | (3.3 | ) |  |  | (0.2 | ) |  |  | (3.5 | )
Goodwill, June 30, 2022 |  | $ | 104.8 |  |  | $ | 59.8 |  |  | $ | 164.6 |
Intangible assets consisted of the following:
|  | June 30, 2022 |  |  | March 31, 2022 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Intangible Assets |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Intangible Assets |
Customer relationships |  | $ | 59.6 |  |  | $ | (20.5 | ) |  | $ | 39.1 |  |  | $ | 61.2 |  |  | $ | (20.1 | ) |  | $ | 41.1 |
Trade names |  |  | 50.1 |  |  |  | (14.2 | ) |  |  | 35.9 |  |  |  | 50.8 |  |  |  | (13.8 | ) |  |  | 37.0 |
Acquired technology |  |  | 22.4 |  |  |  | (11.1 | ) |  |  | 11.3 |  |  |  | 23.1 |  |  |  | (10.9 | ) |  |  | 12.2 |
Total intangible assets |  | $ | 132.1 |  |  | $ | (45.8 | ) |  | $ | 86.3 |  |  | $ | 135.1 |  |  | $ | (44.8 | ) |  | $ | 90.3 |
The Company recorded amortization expense of $2.0 million and $2.1 million for the three months ended June 30, 2022 and 2021, respectively. The Company estimates that it will record $6.0 million of amortization expense during the remainder of fiscal 2023 and approximately $8.0 million of annual amortization expense in fiscal 2024 through 2028.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration