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Acquisition (Tables)

3 Months Ended

Jun. 30, 2019

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The acquired assets and assumed liabilities include the following:

Accounts receivable		$	115,467
Inventories		84,297
Other current assets		6,822
Other intangible assets		332,000
Property, plant and equipment		20,987
Other assets		9,005
Total assets acquired		$	568,578
Accounts payable		35,803
Accrued liabilities		41,918
Deferred income taxes		56,331
Other liabilities		12,642
Total liabilities assumed		$	146,694
Net assets acquired		$	421,884
Purchase price:
Cash paid for net assets acquired		$	650,000
Fair value of shares issued for net assets acquired		93,268
Working capital adjustment		(766		)
Total purchase consideration		742,502
Less: Fair value of acquired identifiable assets and liabilities		421,884
Goodwill		$	320,618

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

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		$	56,000
Customer relationships		Finite-lived		14		221,000
Technology		Finite-lived		10		55,000
Total identifiable intangible assets						$	332,000

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
		July 1, 2018
Net sales		$	835,292
Net earnings attributable to EnerSys stockholders		58,665
Net earnings per share attributable to EnerSys stockholders - basic		1.36
Net earnings per share attributable to EnerSys stockholders - assuming dilution		1.34

Schedule of Intangible Assets

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

		Balance as of
		June 30, 2019												March 31, 2019
		Gross Amount				Accumulated Amortization				Net Amount				Gross Amount				Accumulated Amortization				Net Amount
Indefinite-lived intangible assets:
Trademarks		$	152,497			$	(953	)		$	151,544			$	152,484			$	(953	)		$	151,531
Finite-lived intangible assets:
Customer relationships		286,552				(48,224		)		238,328				286,664				(42,704		)		243,960
Non-compete		3,015				(2,768		)		247				3,025				(2,807		)		218
Technology		77,755				(14,033		)		63,722				77,779				(12,229		)		65,550
Trademarks		2,003				(1,257		)		746				2,003				(1,236		)		767
Licenses		1,484				(1,196		)		288				1,477				(1,187		)		290
Total		$	523,306			$	(68,431	)		$	454,875			$	523,432			$	(61,116	)		$	462,316

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
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Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

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Tabular disclosure of impaired intangible assets excluding goodwill. This may include a description of the facts and circumstances leading to the recording of impairment charges of intangible assets in the period, the amount of the impairment charges, the methods of determining fair value of the associated assets, the caption in the income statement in which the impairment losses are aggregated, and the segment in which the impaired intangible assets are reported.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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