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Note 5 - Goodwill and Intangible Assets, Net | 9 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | Note 5. Goodwill and Intangible Assets, Net Finite-lived intangible assets consist of the following:
|  | December 31, 2020 |  |  | March 31, 2020 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Intellectual property |  | $ | 21,909 |  |  | $ | (8,262 | ) |  | $ | 13,647 |  |  | $ | 15,731 |  |  | $ | (6,454 | ) |  | $ | 9,277 |
Trade names |  |  | 8,875 |  |  |  | (3,060 | ) |  |  | 5,815 |  |  |  | 5,839 |  |  |  | (2,855 | ) |  |  | 2,984 |
Customer relationships |  |  | 151,027 |  |  |  | (49,800 | ) |  |  | 101,227 |  |  |  | 146,106 |  |  |  | (38,777 | ) |  |  | 107,329 |
Non-compete agreements |  |  | 1,299 |  |  |  | (1,185 | ) |  |  | 114 |  |  |  | 1,447 |  |  |  | (1,166 | ) |  |  | 281 |
Total |  | $ | 183,110 |  |  | $ | (62,307 | ) |  | $ | 120,803 |  |  | $ | 169,123 |  |  | $ | (49,252 | ) |  | $ | 119,871 |
The increase in the carrying amount of intangible assets was attributable to changes in foreign currency and adjustments to the preliminary purchase price of GPT that are discussed further in Note 12. "Significant Transactions". Amortization expense for finite-lived intangible assets acquired in a business combination was $3,828 and $10,694 for the three and nine months ended December 31, 2020 and $2,565 and $5,895 for the three and nine months ended December 31, 2019, respectively. The increase in amortization expense was attributable to intangible assets acquired as part of the GPT acquisition, including a cumulative effect true up recorded during 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:
Remainder of year ending March 31, 2021 |  | $ | 3,891 |
2022 |  |  | 15,470 |
2023 |  |  | 15,261 |
2024 |  |  | 14,746 |
2025 |  |  | 13,143 |
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 |  |  | 894 |  |  |  | 106 |  |  |  | 16,183 |  |  |  | - |  |  |  | - |  |  |  | 17,183 |
Goodwill adjustment related to GPT acquisition |  |  | - |  |  |  | - |  |  |  | 7,065 |  |  |  | - |  |  |  | - |  |  |  | 7,065 |
December 31, 2020 |  | $ | 30,488 |  |  | $ | 19,229 |  |  | $ | 97,964 |  |  | $ | 18,103 |  |  | $ | - |  |  | $ | 165,784 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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