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Intangible Assets

12 Months Ended

Mar. 31, 2025

Intangible Assets [Abstract]

Intangible Assets

Note 13: Intangible Assets

Intangible assets consisted of the following:


		March 31, 2025									March 31, 2024
		Gross						Net			Gross						Net
		Carrying			Accumulated			Intangible			Carrying			Accumulated			Intangible
		Value			Amortization			Assets			Value			Amortization			Assets
Customer relationships		$	145.4		$	(47.5)		$	97.9		$	150.5		$	(26.3)		$	124.2
Trade names			53.1			(21.2)			31.9			62.8			(18.5)			44.3
Acquired technology			32.6			(15.7)			16.9			32.5			(12.7)			19.8
Total intangible assets		$	231.1		$	(84.4)		$	146.7		$	245.8		$	(57.5)		$	188.3

During fiscal 2025, the Company recorded a measurement period adjustment to reduce the fair value of the acquired Scott Springfield Manufacturing trade name by $9.6 million. This purchase accounting adjustment also resulted in an increase in goodwill. See Note 2 for additional information.

The Company recorded $27.4 million, $9.2 million, and $8.0 million of amortization expense during fiscal 2025, 2024, and 2023, respectively. The Company estimates that it will record approximately $17.0 million, $15.0 million, $15.0 million, $15.0 million, and $14.0 million of annual amortization expense in fiscal 2026 through 2030, respectively.