Acquisition (Tables)

9 Months Ended

Dec. 30, 2018

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The acquired assets and assumed liabilities include the following:



Accounts receivable	$	115,467
Inventories	93,262
Other current assets	6,822
Other intangible assets	319,434
Property, plant and equipment	20,507
Other assets	7,165
Total assets acquired	$	562,657
Short-term debt	264
Accounts payable	34,009
Accrued liabilities	43,636
Deferred income taxes	60,292
Other liabilities	10,802
Total liabilities assumed	$	149,003
Net assets acquired	$	413,654

Purchase price	$	750,000
Less: Fair value of acquired identifiable assets and liabilities	413,654
Goodwill	$	336,346

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

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



	Balance as of
	December 30, 2018							March 31, 2018
	Gross Amount		Accumulated Amortization			Net Amount		Gross Amount		Accumulated Amortization			Net Amount
Indefinite-lived intangible assets:
Trademarks	$	185,450	$	(953	)	$	184,497	$	97,444	$	(953	)	$	96,491
Finite-lived intangible assets:
Customer relationships	254,527		(37,102		)	217,425		66,973		(31,500		)	35,473
Non-compete	2,998		(2,799		)	199		2,852		(2,759		)	93
Technology	64,292		(10,362		)	53,930		22,769		(8,872		)	13,897
Trademarks	2,003		(1,212		)	791		2,003		(1,151		)	852
Licenses	1,483		(1,182		)	301		1,491		(1,156		)	335
Total	$	510,753	$	(53,610	)	$	457,143	$	193,532	$	(46,391	)	$	147,141

The following table summarizes the estimated fair value of Alpha's identifiable intangible assets and the initial assessment of their respective estimated lives:



	Type	Life in Years	Fair Value
Trademarks	Indefinite-lived	Indefinite	$	88,849
Customer relationships	Finite-lived	13	188,805
Technology	Finite-lived	10	41,780
Total identifiable intangible assets			$	319,434

Business Acquisition, Pro Forma Information

The following unaudited summary information is presented on a consolidated pro forma basis as if the acquisition had occurred on April 1, 2017:



	Quarter ended					Nine months ended
	December 30, 2018		December 31, 2017			December 30, 2018		December 31, 2017
Net sales	$	805,839	$	799,416		$	2,482,137	$	2,302,525
Net earnings (loss) attributable to EnerSys stockholders	62,354		(28,713		)	181,941		66,724
Net earnings (loss) per share attributable to EnerSys stockholders - basic	1.44		(0.66		)	4.21		1.52
Net earnings per share attributable to EnerSys stockholders - assuming dilution	1.42		(0.66		)	4.14		1.50

Schedule of Goodwill

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



	Americas			EMEA			Asia			Total
Balance at March 31, 2018	$	151,255		$	155,825		$	45,725		$	352,805
Goodwill acquired	336,346			—			—			336,346
Foreign currency translation adjustment	(1,888		)	(11,194		)	(3,473		)	(16,555		)
Balance as of December 30, 2018	$	485,713		$	144,631		$	42,252		$	672,596