XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.20.2

Goodwill and Other Intangibles Goodwill and Other Intangibles (Tables) | 3 Months Ended
--- | ---
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill [Table Text Block] | The Company's changes in goodwill at June 30, 2020 and 2019 consisted of the following:
(in thousands) | Three Months Ended June 30,
| 2020 |  | 2019
Balance at beginning of year | $ | 126,826 |  |  | $ | 97,907 |
Foreign currency translation adjustment | 36 |  |  | 42 |
Balance at end of period | $ | 126,862 |  |  | $ | 97,949 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | The Company's intangible assets subject to amortization consisted of the following at June 30, 2020 and 2019:
(in thousands, except useful life) |  |  | June 30,
|  |  | 2020 |  | 2019
| Useful Life |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Customer relationships(1) | 13 |  | $ | 9,500 |  |  | $ | (365 | ) |  | $ | 9,135 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Trade names(1) | 5 |  | 3,300 |  |  | (330 | ) |  | 2,970 |  |  | — |  |  | — |  |  | — |
Developed technology(1) | 3 |  | 4,800 |  |  | (800 | ) |  | 4,000 |  |  | — |  |  | — |  |  | — |
Noncompetition agreements(1) | 5 |  | 1,000 |  |  | (100 | ) |  | 900 |  |  | — |  |  | — |  |  | — |
Other | 5 |  | 734 |  |  | (625 | ) |  | 109 |  |  | 774 |  |  | (694 | ) |  | 80 |
Total intangible assets |  |  | $ | 19,334 |  |  | $ | (2,220 | ) |  | $ | 17,114 |  |  | $ | 774 |  |  | $ | (694 | ) |  | $ | 80 |
(1) On January 1, 2020 the Company acquired 100% of the capital stock of FruitSmart, an independent specialty fruit and vegetable ingredient processor serving global markets, for approximately $80.0 million in cash and up to $25.0 million of contingent consideration payments. The FruitSmart acquisition resulted in $28.9 million of goodwill and $18.6 million intangibles. See Note 3 for additional information. Intangible assets are amortized on a straight-line basis over the asset's estimated useful economic life as noted above.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | As of June 30, 2020, the expected future amortization expense for intangible assets is as follows:
Fiscal Year |
2021 | $ | 2,443 |
2022 | 3,250 |
2023 | 2,791 |
2024 | 1,591 |
2025 and thereafter | 7,039 |
Total expected future amortization expense | $ | 17,114 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration