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Note 6 - Goodwill and Intangible Assets, Net | 12 Months Ended
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Mar. 31, 2025
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | Note 6. Goodwill and Intangible Assets, Net Goodwill Goodwill arises from the excess purchase price of acquired businesses over the fair value of acquired tangible and intangible assets, less assumed liabilities. Changes in the carrying amount of goodwill were 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 |  |  | 1,021 |  |  |  | (130 | ) |  |  | (32 | ) |  |  | (6 | ) |  |  | 853 |
Impairment losses |  |  | - |  |  |  | (118,741 | ) |  |  | (38,151 | ) |  |  | - |  |  |  | (156,892 | )
Goodwill related to GKE acquisition |  |  | 48,850 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 48,850 |
Measurement period adjustment, Belyntic acquisition |  |  | - |  |  |  | - |  |  |  | 841 |  |  |  | - |  |  |  | 841 |
March 31, 2024 |  | $ | 79,430 |  |  | $ | 16,940 |  |  | $ | 46,515 |  |  | $ | 37,211 |  |  | $ | 180,096 |
Effect of foreign currency translation |  |  | (22 | ) |  |  | (12 | ) |  |  | 1,696 |  |  |  | 2 |  |  |  | 1,664 |
March 31, 2025 |  | $ | 79,408 |  |  | $ | 16,928 |  |  | $ | 48,211 |  |  | $ | 37,213 |  |  | $ | 181,760 |
Finite-Lived Intangible Assets Intangible assets other than goodwill were as follows:
|  | March 31, 2025 |  |  | March 31, 2024 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships |  | $ | 190,069 |  |  | $ | (117,189 | ) |  | $ | 72,880 |  |  | $ | 189,911 |  |  | $ | (104,528 | ) |  | $ | 85,383 |
Other intangibles |  |  | 61,192 |  |  |  | (37,197 | ) |  |  | 23,995 |  |  |  | 61,161 |  |  |  | (32,792 | ) |  |  | 28,369 |
Total finite-lived intangible assets |  | $ | 251,261 |  |  | $ | (154,386 | ) |  | $ | 96,875 |  |  | $ | 251,072 |  |  | $ | (137,320 | ) |  | $ | 113,752 |
Amortization expense for finite-lived intangible assets was as follows:
|  | Year Ended March 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Amortization in cost of revenues |  | $ | 2,641 |  |  | $ | 6,052 |  |  | $ | 6,796 |
Amortization in general and administrative |  |  | 16,504 |  |  |  | 21,289 |  |  |  | 22,025 |
Total |  | $ | 19,145 |  |  | $ | 27,341 |  |  | $ | 28,821 |
Fiscal year 2024 goodwill impairment losses recorded in our Clinical Genomics and Biopharmaceutical Development divisions totaling $156,892 and impairments of other intangible assets in our Clinical Genomics division totaling $117,641 were primarily the result of higher weighted average cost of capital, which decreases the fair value of businesses, as well as downward revisions of expected future performance in fiscal year 2024. The range of useful lives and weighted-average remaining useful lives of amortizable intangible assets as of March 31, 2025 were as follows:
|  | Approx. Est. Useful |  | Weighted Avg.
|  | Life |  | Remaining Life
Description |  | (Years) |  | (Years)
Customer Relationships |  | 5 - 12 |  | 7.2
Other Intangibles |  | 2 - 12 |  | 5.8
The following is estimated amortization expense for the years ending March 31:
Fiscal Year |  | Amortization Expense |
2026 |  | $ | 17,086 |
2027 |  |  | 16,429 |
2028 |  |  | 15,836 |
2029 |  |  | 15,307 |
2030 |  |  | 10,809 |

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