XML 24 R13.htm IDEA: XBRL DOCUMENT

Note 5 - Goodwill and Intangible Assets, Net

3 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Text Block]

Note 5. Goodwill and Intangible Assets, Net

Finite-lived intangible assets consist of the following:

	*June 30, 2020*							*March 31, 2020*
	*Gross Carrying Amount*		*Accumulated Amortization*			*Net Carrying Amount*		*Gross Carrying Amount*		*Accumulated Amortization*			*Net Carrying Amount*
Intellectual property	$	20,500	$	(7,150	)	$	13,350	$	15,731	$	(6,454	)	$	9,277
Trade names		8,351		(2,923	)		5,428		5,839		(2,855	)		2,984
Customer relationships		140,472		(41,857	)		98,615		146,106		(38,777	)		107,329
Non-compete agreements		1,297		(1,164	)		133		1,447		(1,166	)		281
Total	$	170,620	$	(53,094	)	$	117,526	$	169,123	$	(49,252	)	$	119,871

Amortization expense for finite-lived intangible assets acquired in a business combination was $3,354 and $1,672 for the three months ended June 30, 2020 and June 30, 2019, respectively. The increase in the amortization expense was attributable to intangible assets acquired as part of the GPT acquisition, including a cumulative effect true up that we recorded in the three months ended June 30, 2020 as we made adjustments to purchase accounting, see Note 12. "Significant Transactions."

The following is estimated amortization expense for the years ending March 31:

2021	$	14,813
2022		14,448
2023		14,240
2024		13,724
2025		12,129

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

	*Sterilization and Disinfection Control*		*Instruments*		*Biopharmaceutical Development*		*Continuous Monitoring*		*Corporate and Other*		*Total*
March 31, 2020	$	29,594	$	19,123	$	74,716	$	18,103	$	-	$	141,536
Effect of foreign currency translation		173		20		5,676		-		-		5,869
Acquisitions		-		-		-		-		-		-
Goodwill adjustment related to GPT acquisition						6,543						6,543
June 30, 2020	$	29,767	$	19,143	$	86,935	$	18,103	$	-	$	153,948