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Goodwill and Intangible Assets | 3 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | Note 14: Goodwill and Intangible Assets The following table presents a roll forward of the carrying value of goodwill from March 31, 2025 to June 30, 2025. ​
​ | ​ | ​ | ​
​ |  | Climate Solutions
Goodwill, March 31, 2025 | ​ | $ | 233.9
Acquisitions (a) | ​ |  | 26.8
Effect of exchange rate changes | ​ |  | 7.5
Goodwill, June 30, 2025 | ​ | $ | 268.2
____ | ​ | ​ | ​
​
(a) | During the first quarter of fiscal 2026, the Company recorded $25.7 million and $1.1 million of goodwill in connection with its acquisition of L.B. White and AbsolutAire, respectively. See Note 2 for additional information.
​ Intangible assets consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2025 | ​ | March 31, 2025
​ |  | Gross |  | ​ | ​ |  | Net |  | Gross |  |  | ​ |  | Net
​ | ​ | Carrying | ​ | Accumulated | ​ | Intangible | ​ | Carrying | ​ | Accumulated | ​ | Intangible
​ | ​ | Value | ​ | Amortization | ​ | Assets | ​ | Value | ​ | Amortization | ​ | Assets
Customer relationships | ​ | $ | 191.9 | ​ | $ | (53.8) | ​ | $ | 138.1 | ​ | $ | 145.4 | ​ | $ | (47.5) | ​ | $ | 97.9
Trade names | ​ |  | 66.7 | ​ |  | (22.4) | ​ |  | 44.3 | ​ |  | 53.1 | ​ |  | (21.2) | ​ |  | 31.9
Acquired technology | ​ |  | 33.5 | ​ |  | (17.1) | ​ |  | 16.4 | ​ |  | 32.6 | ​ |  | (15.7) | ​ |  | 16.9
Total intangible assets | ​ | $ | 292.1 | ​ | $ | (93.3) | ​ | $ | 198.8 | ​ | $ | 231.1 | ​ | $ | (84.4) | ​ | $ | 146.7
​ During the first quarter of fiscal 2026 and in connection with its acquisitions of L.B. White and AbsolutAire, the Company recorded customer relationship and trade name intangible assets totaling $39.8 million and $12.5 million, respectively. ​ The Company recorded amortization expense of $5.7 million and $6.9 million for the three months ended June 30, 2025 and 2024, respectively. The Company estimates that it will record approximately $15.0 million of amortization expense during the remainder of fiscal 2026. The Company estimates that it will record approximately $19.0 million, $19.0 million, $19.0 million, $18.0 million, and $17.0 million of annual amortization expense in fiscal 2027 through 2031, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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