Goodwill and Other Intangible Assets

5. Goodwill and Other Intangible Assets

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


	March 31,
	2013							2012
	Gross Amount		Accumulated Amortization			Net Amount		Gross Amount		Accumulated Amortization			Net Amount
Indefinite-lived intangible assets:
Trademarks	$	86,298	$	(953	)	$	85,345	$	86,745	$	(953	)	$	85,792
Finite-lived intangible assets:
Customer relationships		14,016		(3,994	)		10,022		14,330		(2,839	)		11,491
Non-compete		2,558		(1,524	)		1,034		2,602		(1,224	)		1,378
Patents		5,383		(1,237	)		4,146		5,230		(615	)		4,615
Trademarks		2,004		(727	)		1,277		2,003		(643	)		1,360
Licenses		2,527		(650	)		1,877		2,640		(194	)		2,446

Total	$	112,786	$	(9,085	)	$	103,701	$	113,550	$	(6,468	)	$	107,082

The Company’s amortization expense related to finite-lived intangible assets was $2,626, $1,828, and $876, for the years ended March 31, 2013, 2012 and 2011, respectively. The expected amortization expense based on the finite-lived intangible assets as of March 31, 2013, is $2,160 in 2014, $2,045 in 2015, $2,013 in 2016, $1,799 in 2017 and $1,432 in 2018.

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


	Fiscal year ended March 31, 2013
	EMEA			Americas			Asia			Total
Balance at beginning of year	$	173,442		$	150,754		$	28,541		$	352,737
Adjustments related to the finalization of purchase accounting for fiscal 2012 acquisitions		155			230			(20	)		365
Foreign currency translation adjustment		(6,889	)		(953	)		239			(7,603	)

Balance at end of year	$	166,708		$	150,031		$	28,760		$	345,499


	Fiscal year ended March 31, 2012
	EMEA			Americas			Asia		Total
Balance at beginning of year	$	177,881		$	143,225		$	22,560	$	343,666
Goodwill acquired during the year		3,164			7,973			5,262		16,399
Adjustments related to the finalization of purchase accounting for fiscal 2011 acquisitions		374			5			—		379
Foreign currency translation adjustment		(7,977	)		(449	)		719		(7,707	)

Balance at end of year	$	173,442		$	150,754		$	28,541	$	352,737

During fiscal 2013, the Company retroactively adjusted the fair value of the redeemable noncontrolling interests by approximately $5,676 relating to the Powertech Batteries and Energy Leader Batteries India Limited acquisitions and increased the corresponding goodwill associated with these transactions as of March 31, 2012. In addition, the Company adjusted nonredeemable noncontrolling interests by an amount of $4,106 to properly account for the redeemable noncontrolling interests.

The Company estimated tax-deductible goodwill to be approximately $10,444 and $12,745 as of March 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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