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Acquisition (Tables)

9 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

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		54,941
Other liabilities		12,642
Total liabilities assumed		$	145,304
Net assets acquired		$	423,274
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		423,274
Goodwill		$	319,228

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

The following table summarizes the fair value of Alpha's identifiable intangible assets and their respective 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 Alpha acquisition had occurred on April 1, 2017:

	Quarter ended					Nine Months Ended
		December 30, 2018				December 30, 2018
Net sales		$	800,118			$	2,453,729
Net earnings attributable to EnerSys stockholders		47,343				163,327
Net earnings per share attributable to EnerSys stockholders - basic		1.10				3.78
Net earnings per share attributable to EnerSys stockholders - assuming dilution		1.08				3.72

Schedule of Intangible Assets

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

		Balance as of
		December 29, 2019												March 31, 2019
		Gross Amount				Accumulated Amortization				Net Amount				Gross Amount				Accumulated Amortization				Net Amount
Indefinite-lived intangible assets:
Trademarks		$	152,465			$	(953	)		$	151,512			$	152,484			$	(953	)		$	151,531
Finite-lived intangible assets:
Customer relationships		343,110				(60,181		)		282,929				286,664				(42,704		)		243,960
Non-compete		3,142				(2,811		)		331				3,025				(2,807		)		218
Technology		91,844				(17,940		)		73,904				77,779				(12,229		)		65,550
Trademarks		16,151				(2,471		)		13,680				2,003				(1,236		)		767
Licenses		1,196				(1,196		)		—				1,477				(1,187		)		290
Total		$	607,908			$	(85,552	)		$	522,356			$	523,432			$	(61,116	)		$	462,316

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- 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.

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