Goodwill and Intangible Assets

12 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets [Abstract]

3. Goodwill and Intangible Assets

Goodwill

The Company had goodwill of $3,205,000 at March 31, 2025 and 2024, which was comprised of $2,551,000 for the Hard Parts segment and $654,000 for all others, respectively.

Intangible Assets

The following is a summary of acquired intangible assets subject to amortization:


		March 31, 2025					March 31, 2024
	Weighted Average Amortization Period		Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Intangible assets subject to amortization
Trademarks	10 years	$	520,000	$	513,000	$	705,000	$	641,000
Customer relationships	8 years		2,532,000		1,987,000		8,573,000		7,568,000
Total intangible assets subject to amortization	8 years	$	3,052,000	$	2,500,000	$	9,278,000	$	8,209,000

During the years ended March 31, 2025 and 2024, the Company retired $6,085,000 and $2,667,000, respectively, of fully amortized intangible assets.

Amortization expense for acquired intangible assets is as follows:


	Years Ended March 31,
		2025		2024		2023

Amortization expense	$	477,000	$	1,075,000	$	1,460,000

The estimated future amortization expense for acquired intangible assets subject to amortization is as follows:


Year Ending March 31,
2026	$	323,000
2027		229,000
Total	$	552,000