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Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Jul. 04, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

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

						Balance as of
						July 4, 2021																		March 31, 2021
						Gross Amount						Accumulated Amortization						Net Amount						Gross Amount						Accumulated Amortization						Net Amount
Indefinite-lived intangible assets:
Trademarks						$	148,296					$	(953)					$	147,343					$	148,164					$	(953)					$	147,211
Finite-lived intangible assets:
Customer relationships						299,366						(92,993)						206,373						298,576						(87,308)						211,268
Non-compete						2,825						(2,825)						—						2,825						(2,825)						—
Technology						97,542						(31,887)						65,655						97,349						(29,561)						67,788
Trademarks						8,012						(3,789)						4,223						8,012						(3,381)						4,631
Licenses						1,196						(1,196)						—						1,196						(1,196)						—
Total						$	557,237					$	(133,643)					$	423,594					$	556,122					$	(125,224)					$	430,898

Schedule of Goodwill

The following table presents the amount of goodwill, as well as any changes in the carrying amount of goodwill by segment during the first quarter of fiscal 2022:

						Energy Systems						Motive Power						Specialty						Total
Balance at March 31, 2021						$	279,676					$	327,055					$	98,862					$	705,593
Foreign currency translation adjustment						5,788						1,300						196						7,284
Balance as of July 4, 2021						$	285,464					$	328,355					$	99,058					$	712,877

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-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

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