v2.3.0.11
Goodwill and Other Intangible Assets
12 Months Ended
Mar. 31, 2011
Goodwill and Other Intangible Assets  
Goodwill and Other Intangible Assets

5. Goodwill and Other Intangible Assets

Information regarding the Company's other intangible assets are as follows:

 

     March 31,  
     2011      2010  
     Gross
Amount
     Accumulated
Amortization
    Net
Amount
     Gross
Amount
     Accumulated
Amortization
    Net
Amount
 

Indefinite-lived intangible assets:

               

Trademarks

   $ 83,021       $ (953   $ 82,068       $ 82,598       $ (953   $ 81,645   

Finite-lived intangible assets:

               

Customer lists

     11,064         (1,880     9,184         6,814         (1,416     5,398   

Non-compete

     2,117         (954     1,163         1,890         (708     1,182   

Patents

     3,402         (210     3,192         680         (165     515   

Trademarks

     3,771         (559     3,212         1,853         (465     1,388   

Licenses

     82         (82     —           82         (74     8   
                                                   

Total

   $ 103,457       $ (4,638   $ 98,819       $ 93,917       $ (3,781   $ 90,136   
                                                   

The Company's amortization expense, related to finite-lived intangible assets was $876, $706, and $539, for the years ended March 31, 2011, 2010 and 2009, respectively. The expected amortization expense based on the finite-lived intangible assets as of March 31, 2011, is $1,233 in 2012, $1,232 in 2013, $1,225 in 2014, $1,219 in 2015 and $1,187 in 2016.

The changes in the carrying amount of goodwill by business segment are as follows:

 

     Fiscal year ended March 31, 2011  
     Europe      Americas      Asia      Total  

Balance at beginning of year

   $ 162,641       $ 132,915       $ 21,709       $ 317,265   

Goodwill acquired during the year

     7,710         7,591         —           15,301   

Adjustments related to the finalization of purchase accounting

     24         2,250         —           2,274   

Foreign currency translation

     7,506         469         851         8,826   
                                   

Balance at end of year

   $ 177,881       $ 143,225       $ 22,560       $ 343,666   
                                   

 

     Fiscal year ended March 31, 2010  
     Europe      Americas      Asia      Total  

Balance at beginning of year

   $ 153,941       $ 126,117       $ 21,600       $ 301,658   

Goodwill acquired during the year

     —           5,072         —           5,072   

Adjustments related to the finalization of purchase accounting

     —           —           —           —     

Foreign currency translation

     8,700         1,726         109         10,535   
                                   

Balance at end of year

   $ 162,641       $ 132,915       $ 21,709       $ 317,265   
                                   

The Company estimated tax-deductible goodwill to be approximately $14,982 and $17,016 as of March 31, 2011 and 2010, respectively.