Note

Goodwill and Intangible Assets

During the year ended

March 31, 2018,

revenues in our Cold Chain Packaging reporting segment decreased significantly as compared to the prior year primarily due to a significant decrease in revenues from our largest customer. During the

three

months ended

December 31, 2017

we completed a detailed review of the cold chain packaging business and concluded that long and difficult sales-cycles associated with this product set, when coupled with higher than previously contemplated costs for operating and expanding the necessary infrastructure to support revenues growth have resulted in a forecast of lower than expected revenues, gross margin percentages and overall profitability as compared to our original model for this business. Based on these facts, we concluded that we had a triggering event requiring assessment of impairment for certain of our long-lived assets associated with the Cold Chain Packaging reporting segment. As a result, we reviewed the long-lived assets associated with this reporting segment and recorded a

$13,819,000

impairment charge related to goodwill, which is included in impairment loss on goodwill on the accompanying consolidated statements of operations for the year ended

March 31, 2018.

The impairment loss was measured using a market approach utilizing an EBITA multiple model. The remaining goodwill and intangible assets associated with this segment are

$1,401,000

and

$4,081,000,

respectively as of

March 31, 2018.

The change in the carrying amount of goodwill was as follows (in thousands):

	Sterilization and Disinfection Control			Instruments		Cold Chain Monitoring		Cold Chain Packaging			Total
March 31, 2016	$	20,898		$	18,235	$	13,647	$	13,357		$	66,137
Effect of foreign currency translation		(97	)		--		--		(374	)		(471	)
Acquisitions		3,218			--		1,757		1,515			6,490
March 31, 2017		24,019			18,235		15,404		14,498			72,156
Effect of foreign currency translation		536			--		--		722			1,258
Acquisitions		5,948			--				--			5,948
Impairment		--			--		--		(13,819	)		(13,819	)
March 31, 2018	$	30,503		$	18,235	$	15,404	$	1,401		$	65,543

Other intangible assets are as follows:

(In thousands)	March 31, 201 8
	Carrying Amount		Accumulated Amortization			Net		Useful Life (Years)
Intellectual property	$	7,210	$	(4,554	)	$	2,656	10	-	16
Trade names		3,675		(2,154	)		1,521	3	-	10
Customer relationships		64,363		(26,128	)		38,235	7	-	10
Non-compete agreements		1,865		(1,427	)		438	3	-	10
	$	77,113	$	(34,263	)	$	42,850

	March 31, 201 7
	Carrying Amount		Accumulated Amortization			Net		Useful Life (Years)
Intellectual property	$	7,210	$	(3,824	)	$	3,386	10	-	16
Trade names		3,663		(1,727	)		1,936	3	-	10
Customer relationships		52,134		(20,260	)		31,874	7	-	10
Non-compete agreements		1,845		(1,251	)		594	3	-	10
	$	64,852	$	(27,062	)	$	37,790

The following is estimated amortization expense for the years ending

March 31:

(In thousands)
2019	$	7,249
2020		6,915
2021		5,870
2022		5,869
2023		5,235

Amortization expense for the years ended

March 31, 2018,

2017

and

2016

was

$6,929,000,

$6,450,000

and

$5,787,000,

respectively.