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Goodwill and Other Intangible Assets | 6 Months Ended
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Sep. 29, 2024
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
|  | September 29, 2024 |  | March 31, 2024
|  | Gross Amount |  | Accumulated Amortization |  | Net Amount |  | Gross Amount |  | Accumulated Amortization |  | Net Amount
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | $ | 130,262 |  |  | $ | (953) |  |  | $ | 129,309 |  |  | $ | 131,167 |  |  | $ | (953) |  |  | $ | 130,214 |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | 358,616 |  |  | (157,647) |  |  | 200,969 |  |  | 295,215 |  |  | (147,833) |  |  | 147,382 |
Non-compete |  | 2,825 |  |  | (2,825) |  |  | — |  |  | 2,825 |  |  | (2,825) |  |  | — |
Technology |  | 119,914 |  |  | (60,254) |  |  | 59,660 |  |  | 96,708 |  |  | (55,969) |  |  | 40,739 |
Trademarks |  | 14,894 |  |  | (9,421) |  |  | 5,473 |  |  | 9,554 |  |  | (8,482) |  |  | 1,072 |
Licenses |  | 1,196 |  |  | (1,196) |  |  | — |  |  | 1,196 |  |  | (1,196) |  |  | — |
Total |  | $ | 627,707 |  |  | $ | (232,296) |  |  | $ | 395,411 |  |  | $ | 536,665 |  |  | $ | (217,258) |  |  | $ | 319,407 |
The Company’s amortization expense related to finite-lived intangible assets was $8,152 and $15,038 for the second quarter and six months of fiscal 2025, compared to $7,152 and $14,181 for the second quarter and six months of fiscal 2024. The expected amortization expense based on the finite-lived intangible assets as of September 29, 2024, is $15,280 for the remainder of fiscal 2025, $33,133 in fiscal 2026, $32,331 in fiscal 2027, $31,767 in fiscal 2028 and $29,938 in fiscal 2029. Goodwill The following table presents the amount of goodwill, as well as any changes in the carrying amount of goodwill by segment during the six months of fiscal 2025:
|  | Energy Systems |  | Motive Power |  | Specialty |  | Total
Balance at March 31, 2024 |  | $ | 259,369 |  |  | $ | 326,359 |  |  | $ | 97,206 |  |  | $ | 682,934 |
Acquisitions during the year |  |  |  |  |  | 50,308 |  |  | 50,308 |
Foreign currency translation adjustment |  | 1,648 |  |  | 2,868 |  |  | 845 |  |  | 5,361 |
Balance as of September 29, 2024 |  | $ | 261,017 |  |  | $ | 329,227 |  |  | $ | 148,359 |  |  | $ | 738,603 |

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