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Goodwill and Other Intangible Assets | 3 Months Ended
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Jul. 03, 2022
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:
|  | Balance as of
|  | July 3, 2022 |  | March 31, 2022
|  | Gross Amount |  | Accumulated Amortization |  | Net Amount |  | Gross Amount |  | Accumulated Amortization |  | Net Amount
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | $ | 145,188 |  |  | $ | (953) |  |  | $ | 144,235 |  |  | $ | 145,808 |  |  | $ | (953) |  |  | $ | 144,855 |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | 296,853 |  |  | (115,309) |  |  | 181,544 |  |  | 298,577 |  |  | (109,820) |  |  | 188,757 |
Non-compete |  | 2,825 |  |  | (2,825) |  |  | — |  |  | 2,825 |  |  | (2,825) |  |  | — |
Technology |  | 97,054 |  |  | (40,947) |  |  | 56,107 |  |  | 97,367 |  |  | (38,712) |  |  | 58,655 |
Trademarks |  | 8,933 |  |  | (5,370) |  |  | 3,563 |  |  | 8,947 |  |  | (5,012) |  |  | 3,935 |
Licenses |  | 1,196 |  |  | (1,196) |  |  | — |  |  | 1,196 |  |  | (1,196) |  |  | — |
Total |  | $ | 552,049 |  |  | $ | (166,600) |  |  | $ | 385,449 |  |  | $ | 554,720 |  |  | $ | (158,518) |  |  | $ | 396,202 |
The Company’s amortization expense related to finite-lived intangible assets was $8,082 for the first quarter of fiscal 2023, compared to $8,419 for the first quarter of fiscal 2022. The expected amortization expense based on the finite-lived intangible assets as of July 3, 2022, is $22,643 for the remainder of fiscal 2023, $27,691 in fiscal 2024, $26,550 in fiscal 2025, $25,616 in fiscal 2026 and $24,822 in fiscal 2027. Goodwill The following table presents the amount of goodwill, as well as any changes in the carrying amount of goodwill by segment during the current quarter of fiscal 2023:
|  | Energy Systems |  | Motive Power |  | Specialty |  | Total
Balance at March 31, 2022 |  | $ | 279,461 |  |  | $ | 323,303 |  |  | $ | 97,876 |  |  | $ | 700,640 |
Foreign currency translation adjustment |  | (11,735) |  |  | (5,440) |  |  | (1,352) |  |  | (18,527) |
Balance as of July 3, 2022 |  | $ | 267,726 |  |  | $ | 317,863 |  |  | $ | 96,524 |  |  | $ | 682,113 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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