XML 32 R15.htm IDEA: XBRL DOCUMENT
v3.25.1

Goodwill and Other Intangibles | 12 Months Ended
--- | ---
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | GOODWILL AND OTHER INTANGIBLES The Company’s changes in goodwill at March 31, 2025 and 2024 consisted of the following:
|  | Fiscal Year Ended March 31,
|  | 2025 |  | 2024
Balance at beginning of year |  | $ | 213,869 |  |  | $ | 213,922 |
Foreign currency translation adjustment |  | (29) |  |  | (53) |
Balance at end of year |  | $ | 213,840 |  |  | $ | 213,869 |
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, 2025 and 2024:
|  | March 31, 2025
(in thousands, except useful life) | Useful Life (Years) |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Customer relationships | 11 | - | 13 |  | $ | 86,500 |  |  | $ | (33,155) |  |  | $ | 53,345 |
Trade names |  | 5 |  |  | 11,100 |  |  | (10,320) |  |  | 780 |
Developed technology |  | 13 |  |  | 9,300 |  |  | (6,012) |  |  | 3,288 |
Noncompetition agreements | 4 | - | 5 |  | 4,000 |  |  | (3,625) |  |  | 375 |
Other |  | 5 |  |  | 802 |  |  | (754) |  |  | 48 |
Total intangible assets |  |  |  |  | $ | 111,702 |  |  | $ | (53,866) |  |  | $ | 57,836 |
|  |  |  |  | March 31, 2024
| Useful Life (Years) |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Customer relationships | 11 | - | 13 |  | $ | 86,500 |  |  | $ | (25,424) |  |  | $ | 61,076 |
Trade names |  | 5 |  |  | 11,100 |  |  | (8,265) |  |  | 2,835 |
Developed technology |  | 13 |  |  | 9,300 |  |  | (5,665) |  |  | 3,635 |
Noncompetition agreements | 4 | - | 5 |  | 4,000 |  |  | (2,725) |  |  | 1,275 |
Other |  | 5 |  |  | 782 |  |  | (720) |  |  | 62 |
Total intangible assets |  |  |  |  | $ | 111,682 |  |  | $ | (42,799) |  |  | $ | 68,883 |
Intangible assets are amortized on a straight-line basis over the asset’s estimated useful economic life as noted above. The Company’s amortization expense for intangible assets for the years ended March 31, 2025, 2024, and 2023:
|  | Fiscal Year Ended March 31,
|  | 2025 |  | 2024 |  | 2023
Amortization Expense |  | $ | 11,067 |  |  | $ | 11,279 |  |  | $ | 12,455 |
Amortization expense for the developed technology intangible asset is recorded in cost of goods sold in the consolidated income statements of income. The amortization expense for the other intangible assets is recorded in selling, general, and administrative expenses in the consolidated income statements of income. As of March 31, 2025, the expected future amortization expense for intangible assets is as follows:
Fiscal Year |
2026 | $ | 9,256 |
2027 | 8,100 |
2028 | 8,077 |
2029 | 7,494 |
2030 and thereafter | 24,909 |
Total expected future amortization expense | $ | 57,836 |

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 The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration