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Goodwill and Intangible Assets | 6 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets [Abstract] |
Goodwill and Intangible Assets | Note 13: Goodwill and Intangible Assets The following table presents a roll forward of the carrying value of goodwill from March 31, 2022 to September 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 fiscal 2023.
|  | Climate Solutions |  |  | Performance Technologies |  |  | Total |
Goodwill, March 31, 2022 |  | $ | 108.1 |  |  | $ | 60.0 |  |  | $ | 168.1 |
Effect of exchange rate changes |  |  | (6.8 | ) |  |  | (0.4 | ) |  |  | (7.2 | )
Goodwill, September 30, 2022 |  | $ | 101.3 |  |  | $ | 59.6 |  |  | $ | 160.9 |
Intangible assets consisted of the following:
|  | September 30, 2022 |  |  | March 31, 2022 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Intangible Assets |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Intangible Assets |
Customer relationships |  | $ | 57.9 |  |  | $ | (20.6 | ) |  | $ | 37.3 |  |  | $ | 61.2 |  |  | $ | (20.1 | ) |  | $ | 41.1 |
Trade names |  |  | 49.3 |  |  |  | (14.6 | ) |  |  | 34.7 |  |  |  | 50.8 |  |  |  | (13.8 | ) |  |  | 37.0 |
Acquired technology |  |  | 21.5 |  |  |  | (11.1 | ) |  |  | 10.4 |  |  |  | 23.1 |  |  |  | (10.9 | ) |  |  | 12.2 |
Total intangible assets |  | $ | 128.7 |  |  | $ | (46.3 | ) |  | $ | 82.4 |  |  | $ | 135.1 |  |  | $ | (44.8 | ) |  | $ | 90.3 |
The Company recorded amortization expense of $2.0 million and $2.1 million for the three months ended September 30, 2022 and 2021, respectively. The Company recorded amortization expense of $4.0 million and $4.2 million for the six months ended September 30, 2022 and 2021, respectively. The Company estimates that it will record approximately $4.0 million of amortization expense during the remainder of fiscal 2023 and approximately $8.0 million of annual amortization expense in fiscal 2024 through 2028.

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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