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Goodwill and Other Intangibles Goodwill and Other Intangibles (Tables) | 12 Months Ended
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Mar. 31, 2021
Goodwill and Other Intangibles [Abstract] |
Schedule of Goodwill [Table Text Block] | The Company's changes in goodwill at March 31, 2021 and 2020 consisted of the following:
(in thousands) |  | Fiscal Year Ended March 31,
|  | 2021 |  | 2020
Balance at beginning of year |  | $ | 126,826 |  |  | $ | 97,907 |
Acquisition of business(1) (2) |  | 46,144 |  |  | 28,863 |
Foreign currency translation adjustment |  | 81 |  |  | 56 |
Balance at end of year |  | $ | 173,051 |  |  | $ | 126,826 |
(1) On January 1, 2020 the Company acquired 100% of the capital stock of FruitSmart for approximately $80 million in cash and up to $25 million of contingent consideration payments. The FruitSmart acquisition resulted in $28.9 million of goodwill. See Note 2 for additional information. (2) On October 1, 2020 the Company acquired 100% of the capital stock of Silva for approximately $164.0 million in cash and $5.9 million of working capital on-hand at the date of acquisition. The Silva acquisition resulted in $46.1 million of goodwill. See Note 2 for additional information.
Schedule of Finite-Lived Intangible Assets [Table Text Block] | The Company's intangible assets primarily consist of capitalized customer-related intangibles, trade names, proprietary developed technology and noncompetition agreements. The Company's intangible assets subject to amortization consisted of the following at March 31, 2021 and 2020:
(in thousands, except useful life) |  | Fiscal Year Ended March 31,
|  |  |  |  | 2021 |  | 2020
| Useful Life (Years) |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Customer relationships(1)(2) | 11 | - | 13 |  | $ | 62,500 |  |  | $ | (3,323) |  |  | $ | 59,177 |  |  | $ | 9,500 |  |  | $ | (183) |  |  | $ | 9,317 |
Trade names(1)(2) |  | 5 |  |  | 11,100 |  |  | (1,605) |  |  | 9,495 |  |  | 3,300 |  |  | (165) |  |  | 3,135 |
Developed technology(1) |  | 3 |  |  | 4,800 |  |  | (2,000) |  |  | 2,800 |  |  | 4,800 |  |  | (400) |  |  | 4,400 |
Noncompetition agreements(1) |  | 5 |  |  | 1,000 |  |  | (250) |  |  | 750 |  |  | 1,000 |  |  | (50) |  |  | 950 |
Other |  | 5 |  |  | 760 |  |  | (678) |  |  | 82 |  |  | 657 |  |  | (598) |  |  | 59 |
Total intangible assets |  |  |  |  | $ | 80,160 |  |  | $ | (7,856) |  |  | $ | 72,304 |  |  | $ | 19,257 |  |  | $ | (1,396) |  |  | $ | 17,861 |
(1) The FruitSmart acquisition resulted in $18.6 million of intangibles. See Note 2 for additional information. (2) The Silva acquisition resulted in $60.8 million of intangibles. See Note 2 for additional information. Intangible assets are amortized on a straight-line basis over the asset's estimated useful economic life as noted above.
Finite-lived Intangible Assets Amortization Expense [Table Text Block] | The Company's amortization expense for intangible assets for the years ended March 31, 2021 and 2020:
(in thousands) |  | Fiscal Year Ended March 31,
|  | 2021 |  | 2020
Amortization Expense |  | $ | 6,424 |  |  | $ | 832 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | As of March 31, 2021, the expected future amortization expense for intangible assets is as follows:
Fiscal Year |
2022 | $ | 9,608 |
2023 | 9,212 |
2024 | 7,969 |
2025 | 8,534 |
2026 and thereafter | 36,981 |
Total expected future amortization expense | $ | 72,304 |

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