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Note 6 - Goodwill and Intangible Assets, Net

6 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Text Block]

Note 6. Goodwill and Intangible Assets, Net

Finite-lived intangible assets consisted of the following:

	*September 30, 2024*							*March 31, 2024*
	*Gross Carrying Amount*		*Accumulated Amortization*			*Net Carrying Amount*		*Gross Carrying Amount*		*Accumulated Amortization*			*Net Carrying Amount*
Customer relationships	$	194,931	$	(113,003	)	$	81,928	$	189,911	$	(104,528	)	$	85,383
Other intangibles		62,320		(35,425	)		26,895		61,161		(32,792	)		28,369
Total finite-lived intangible assets	$	257,251	$	(148,428	)	$	108,823	$	251,072	$	(137,320	)	$	113,752

Amortization expense for finite-lived intangible assets was as follows:

	*Three Months Ended September 30,*				*Six Months Ended September 30,*
	*2024*		*2023*		*2024*		*2023*
Amortization in cost of revenues	$	672	$	1,756	$	1,319	$	3,484
Amortization in general and administrative		3,878		5,429		7,292		10,921
Total amortization expense	$	4,550	$	7,185	$	8,611	$	14,405

For the following fiscal years ending March 31, amortization expense is estimated as follows, based on foreign currency exchange rates as of September 30, 2024:

Fiscal Year	*Amortization Expense*
Fiscal Year	*Amortization Expense*
Remainder of 2025	$	9,118
2026		17,586
2027		16,915
2028		16,301
2029		15,729

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

	*Sterilization and Disinfection Control*		*Clinical Genomics*		*Biopharmaceutical Development*		*Calibration Solutions*		*Total*
March 31, 2024	$	79,430	$	16,940	$	46,515	$	37,211		180,096
Effect of foreign currency translation		1,979		116		1,530		32		3,657
September 30, 2024	$	81,409	$	17,056	$	48,045	$	37,243	$	183,753