Goodwill and Other Intangible Assets

6 Months Ended

Sep. 29, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

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