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Note 5 - Goodwill and Intangible Assets, Net | 6 Months Ended
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Sep. 30, 2021
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:
|  | September 30, 2021 |  |  | March 31, 2021 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Intellectual property |  | $ | 21,094 |  |  | $ | (9,409 | ) |  | $ | 11,685 |  |  | $ | 21,201 |  |  | $ | (8,595 | ) |  | $ | 12,606 |
Trade names |  |  | 8,574 |  |  |  | (3,265 | ) |  |  | 5,309 |  |  |  | 8,612 |  |  |  | (3,129 | ) |  |  | 5,483 |
Customer relationships |  |  | 144,869 |  |  |  | (58,459 | ) |  |  | 86,410 |  |  |  | 145,754 |  |  |  | (52,206 | ) |  |  | 93,548 |
Non-compete agreements |  |  | 1,299 |  |  |  | (1,215 | ) |  |  | 84 |  |  |  | 1,299 |  |  |  | (1,195 | ) |  |  | 104 |
Total |  | $ | 175,836 |  |  | $ | (72,348 | ) |  | $ | 103,488 |  |  | $ | 176,866 |  |  | $ | (65,125 | ) |  | $ | 111,741 |
Amortization expense for finite-lived intangible assets acquired in a business combination was $3,757 and $7,573 for the three and six months ended September 30, 2021, respectively, and $3,512 and $6,866 for the three and six months ended September 30, 2020, respectively. During the quarter ended June 30, 2020, we reduced the value of our intangible assets due to a purchase price adjustment that resulted in a cumulative effect net decrease to amortization expense of $334. For the following fiscal years ending March 31, amortization expense is estimated as follows:
Remainder of 2022 |  |  | 7,398 |
2023 |  |  | 14,622 |
2024 |  |  | 14,107 |
2025 |  |  | 12,515 |
2026 |  |  | 11,731 |
The change in the carrying amount of goodwill was as follows:
|  | Sterilization and Disinfection Control |  |  | Biopharmaceutical Development |  |  | Instruments |  |  | Continuous Monitoring |  |  | Total |
March 31, 2021 |  | $ | 30,153 |  |  | $ | 93,399 |  |  | $ | 19,186 |  |  | $ | 18,103 |  |  | $ | 160,841 |
Effect of foreign currency translation |  |  | (100 | ) |  |  | (752 | ) |  |  | (12 | ) |  |  | - |  |  |  | (864 | )
September 30, 2021 |  | $ | 30,053 |  |  | $ | 92,647 |  |  | $ | 19,174 |  |  | $ | 18,103 |  |  | $ | 159,977 |

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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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