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Note 6 - Goodwill and Intangible Assets, Net

3 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note 6. Goodwill and Intangible Assets, Net

Intangible assets, the significant majority of which are finite-lived, consisted of the following:

		June 30, 2023												March 31, 2023
		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Customer relationships		$	232,431			$	(89,916	)		$	142,515			$	238,247			$	(86,058	)		$	152,189
Intellectual property			66,629				(21,342	)			45,287				65,950				(19,550	)			46,400
Other intangibles			24,486				(6,894	)			17,592				24,793				(6,567	)			18,226
Total		$	323,546			$	(118,152	)		$	205,394			$	328,990			$	(112,175	)		$	216,815

Amortization expense for finite-lived intangible assets acquired in a business combination was as follows:

		Three Months Ended June 30,
		2023				2022
Amortization in cost of revenues		$	1,728			$	1,708
Amortization in general and administrative			5,492				5,612
Total		$	7,220			$	7,320

For the following fiscal years ending March 31, amortization expense is estimated as follows:

Remainder of 2024		$ 21,017
2025		26,612
2026		25,847
2027		25,346
2028		24,890

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

		Sterilization and Disinfection Control				Clinical Genomics				Biopharmaceutical Development				Calibration Solutions				Total
March 31, 2023		$	29,559			$	135,811			$	83,857			$	37,217				286,444
Effect of foreign currency translation			(12	)			(138	)			(3,376	)			(3	)			(3,529	)
Measurement period adjustment - Belyntic Acquisition			-				-				841				-				841
June 30, 2023		$	29,547			$	135,673			$	81,322			$	37,214			$	283,756

Goodwill in the Biopharmaceutical Development division related to the Belyntic acquisition and is tax deductible.

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 350
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//350/tableOfContent

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