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Goodwill and Other Intangible Assets | 12 Months Ended
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Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Other Intangible Assets Information regarding the Company’s other intangible assets are as follows:
|  | March 31,
|  | 2017 |  | 2016
|  | Gross Amount |  | Accumulated Amortization |  | Net Amount |  | Gross Amount |  | Accumulated Amortization |  | Net Amount
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | $ | 96,849 |  |  | $ | (953 | ) |  | $ | 95,896 |  |  | $ | 98,245 |  |  | $ | (953 | ) |  | $ | 97,292 |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | 66,187 |  |  | (24,936 | ) |  | 41,251 |  |  | 65,963 |  |  | (18,485 | ) |  | 47,478 |
Non-compete |  | 2,846 |  |  | (2,701 | ) |  | 145 |  |  | 2,856 |  |  | (2,457 | ) |  | 399 |
Technology |  | 22,549 |  |  | (7,168 | ) |  | 15,381 |  |  | 18,494 |  |  | (5,423 | ) |  | 13,071 |
Trademarks |  | 2,003 |  |  | (1,066 | ) |  | 937 |  |  | 2,004 |  |  | (983 | ) |  | 1,021 |
Licenses |  | 1,474 |  |  | (1,124 | ) |  | 350 |  |  | 1,487 |  |  | (1,090 | ) |  | 397 |
Total |  | $ | 191,908 |  |  | $ | (37,948 | ) |  | $ | 153,960 |  |  | $ | 189,049 |  |  | $ | (29,391 | ) |  | $ | 159,658 |
The Company’s amortization expense related to finite-lived intangible assets was $8,557, $8,308, and $7,779, for the years ended March 31, 2017, 2016 and 2015, respectively. The expected amortization expense based on the finite-lived intangible assets as of March 31, 2017, is $8,244 in fiscal 2018, $8,206 in fiscal 2019, $8,063 in fiscal 2020, $7,813 in fiscal 2021 and $7,622 in fiscal 2022. Goodwill The changes in the carrying amount of goodwill by reportable segment are as follows:
|  | Fiscal year ended March 31, 2017
|  | Americas |  | EMEA |  | Asia |  | Total
Balance at beginning of year |  | $ | 166,197 |  |  | $ | 141,392 |  |  | $ | 45,958 |  |  | $ | 353,547 |
Reorganization of reporting structure |  | (11,628 | ) |  | 11,628 |  |  | — |  |  | — |
Goodwill acquired during the year, including purchase accounting adjustments |  | 1,962 |  |  | — |  |  | (840 | ) |  | 1,122 |
Goodwill impairment charge |  | (8,646 | ) |  | (3,570 | ) |  | — |  |  | (12,216 | )
Foreign currency translation adjustment |  | (903 | ) |  | (10,637 | ) |  | (2,256 | ) |  | (13,796 | )
Balance at end of year |  | $ | 146,982 |  |  | $ | 138,813 |  |  | $ | 42,862 |  |  | $ | 328,657 |
|  | Fiscal year ended March 31, 2016
|  | Americas |  | EMEA |  | Asia |  | Total
Balance at beginning of year |  | $ | 190,321 |  |  | $ | 146,962 |  |  | $ | 32,447 |  |  | $ | 369,730 |
Reorganization of reporting structure |  | 6,712 |  |  | (6,712 | ) |  | — |  |  | — |
Goodwill acquired during the year |  | 497 |  |  | — |  |  | 13,898 |  |  | 14,395 |
Goodwill impairment charge |  | (29,578 | ) |  | (1,833 | ) |  | — |  |  | (31,411 | )
Foreign currency translation adjustment |  | (1,755 | ) |  | 2,975 |  |  | (387 | ) |  | 833 |
Balance at end of year |  | $ | 166,197 |  |  | $ | 141,392 |  |  | $ | 45,958 |  |  | $ | 353,547 |
A reconciliation of goodwill and accumulated goodwill impairment losses, by reportable segment, is as follows:
|  | March 31, 2017
|  | Americas |  | EMEA |  | Asia |  | Total
Gross carrying value |  | $ | 204,827 |  |  | $ | 144,966 |  |  | $ | 48,041 |  |  | $ | 397,834 |
Accumulated goodwill impairment charges |  | (57,845 | ) |  | (6,153 | ) |  | (5,179 | ) |  | (69,177 | )
Net book value |  | $ | 146,982 |  |  | $ | 138,813 |  |  | $ | 42,862 |  |  | $ | 328,657 |
|  | March 31, 2016
|  | Americas |  | EMEA |  | Asia |  | Total
Gross carrying value |  | $ | 215,396 |  |  | $ | 143,975 |  |  | $ | 51,137 |  |  | $ | 410,508 |
Accumulated goodwill impairment charges |  | (49,199 | ) |  | (2,583 | ) |  | (5,179 | ) |  | (56,961 | )
Net book value |  | $ | 166,197 |  |  | $ | 141,392 |  |  | $ | 45,958 |  |  | $ | 353,547 |
Impairment of goodwill, indefinite-lived intangibles and fixed assets As mentioned in Note 1, Summary of Significant Accounting Policies, the Company early adopted ASU 2017-04, which eliminated Step 2 from the goodwill impairment test. In the fourth quarter of fiscal 2017, the Company conducted step one of the annual goodwill impairment test which indicated that the fair values of two of its reporting units - Purcell US in the Americas and Purcell EMEA in the EMEA operating segment - were less than their respective carrying values. Based on the guidance in ASU 2017-04, the Company recognized an impairment charge for the amount by which the carrying amount exceeded the reporting unit’s fair value. The Company recorded a non-cash charge of $8,646 and $3,570, related to goodwill impairment in the Americas and EMEA operating segments, respectively, and $700 and $1,100 related to impairment of indefinite-lived trademarks in the Americas and EMEA operating segments, respectively, for an aggregate charge of $14,016, under the caption “Impairment of goodwill, indefinite-lived intangibles and fixed assets” in the Consolidated Statements of Income. Purcell was acquired in fiscal 2014 during the height of the 4G telecom build-out. After performing to expectation for the first few quarters, its revenue slumped as telecom spending in the U.S. curtailed sharply. In both fiscal 2015 and 2016, lower estimated projected revenue and profitability in the near term caused by reduced levels of capital spending by major customers in the telecommunications industry was a key factor contributing to the impairment charges recorded in those years. In fiscal 2017, the company transferred the European operations of Purcell to its EMEA operating segment, consistent with its geographical management approach. In the U.S., Purcell recently received significant orders, but at lower margins than recent years, resulting in an impairment in 2017. In Europe, Purcell's sales forecasts were reduced as a result of low telecom spending and accordingly recorded an impairment charge as well. In fiscal 2016, the Company recorded a non-cash charge of $31,411 related to goodwill impairment in the Americas and EMEA operating segments, $3,420 related to impairment of indefinite-lived trademarks in the Americas and $1,421 related to impairment of fixed assets in the EMEA operating segment for an aggregate charge of $36,252. In fiscal 2015, the Company recorded a non-cash charge of $20,371 related to goodwill impairment in the Americas and EMEA operating segments and $3,575 related to impairment of indefinite-lived trademarks in the Americas for an aggregate charge of $23,946. The Company estimated tax-deductible goodwill to be approximately $19,857 and $20,766 as of March 31, 2017 and 2016, respectively.

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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