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Intangible Assets | 12 Months Ended
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Mar. 31, 2024
Intangible Assets [Abstract] |
Intangible Assets | Note 13: Intangible Assets Intangible assets consisted of the following:
|  | March 31, 2024 |  |  | March 31, 2023 |
|  | Gross |  |  |  |  |  | Net |  |  | Gross |  |  |  |  |  | Net |
|  | Carrying |  |  | Accumulated |  |  | Intangible |  |  | Carrying |  |  | Accumulated |  |  | Intangible |
|  | Value |  |  | Amortization |  |  | Assets |  |  | Value |  |  | Amortization |  |  | Assets |
Customer relationships |  | $ | 150.5 |  |  | $ | (26.3 | ) |  | $ | 124.2 |  |  | $ | 60.3 |  |  | $ | (23.4 | ) |  | $ | 36.9 |
Trade names |  |  | 62.8 |  |  |  | (18.5 | ) |  |  | 44.3 |  |  |  | 50.1 |  |  |  | (15.9 | ) |  |  | 34.2 |
Acquired technology |  |  | 32.5 |  |  |  | (12.7 | ) |  |  | 19.8 |  |  |  | 22.6 |  |  |  | (12.6 | ) |  |  | 10.0 |
Total intangible assets |  | $ | 245.8 |  |  | $ | (57.5 | ) |  | $ | 188.3 |  |  | $ | 133.0 |  |  | $ | (51.9 | ) |  | $ | 81.1 |
During the second quarter of fiscal 2024, the Company recorded customer relationship and acquired technology intangible assets totaling $2.9 million related to the Napps acquisition. During the fourth quarter of fiscal 2024, the Company recorded intangible assets totaling $102.3 million and $11.4 million related to the Scott Springfield Manufacturing acquisition and the purchase of intellectual property from TMGcore, Inc., respectively. The intangible assets recorded for the Scott Springfield Manufacturing acquisition are comprised of customer relationships, including backlog, and trade names. The Company recorded acquired technology as part of its purchase of certain assets from TMGcore, Inc. See Note 2 for additional information. The Company recorded $9.2 million, $8.0 million, and $8.4 million of amortization expense during fiscal 2024, 2023, and 2022, respectively. The Company estimates that it will record approximately $29.0 million, $18.0 million, $17.0 million, $17.0 million, and $16.0 million of annual amortization expense in fiscal 2025 through 2029, respectively.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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