Goodwill and Other Intangible Assets

9 Months Ended

Dec. 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
	December 29, 2024						March 31, 2024
	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Indefinite-lived intangible assets:
Trademarks	$	130,032	$	(953)	$	129,079	$	131,167	$	(953)	$	130,214
Finite-lived intangible assets:
Customer relationships	356,674		(163,324)		193,350		295,215		(147,833)		147,382
Non-compete	2,825		(2,825)		—		2,825		(2,825)		—
Technology	119,634		(62,710)		56,924		96,708		(55,969)		40,739
Trademarks	14,806		(9,706)		5,100		9,554		(8,482)		1,072
Licenses	1,196		(1,196)		—		1,196		(1,196)		—
Total	$	625,167	$	(240,714)	$	384,453	$	536,665	$	(217,258)	$	319,407

The Company’s amortization expense related to finite-lived intangible assets was $8,421 and $23,459 for the third quarter and nine months of fiscal 2025, compared to $6,919 and $21,100 for the third quarter and nine months of fiscal 2024. The expected

amortization expense based on the finite-lived intangible assets as of December 29, 2024, is $8,107 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 nine 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	—		—		51,540		51,540

Foreign currency translation adjustment	(15,783)		(2,677)		(440)		(18,900)
Balance as of December 29, 2024	$	243,586	$	323,682	$	148,306	$	715,574