Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Notes)

v3.19.2
Goodwill and Intangible Assets (Notes)
3 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block] Goodwill and Intangible Assets
The following table highlights the Company’s intangible assets (amounts in thousands):
 
 
June 30, 2019
 
March 31, 2019
 
 
Carrying
Amount
 
Accumulated
Amortization
 
Net Amount
 
Carrying
Amount
 
Accumulated
Amortization
 
Net Amount
Indefinite Lived Intangible Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks
 
$
15,375

 
$

 
$
15,375

 
$
15,151

 
$

 
$
15,151

Amortizing Intangibles:
 
 
 
 
 

 
 
 
 
 
 
Patents (10 - 18 years)
 
26,662

 
(12,401
)
 
14,261

 
26,662

 
(12,046
)
 
14,616

Customer relationships (10 - 21 years)
 
38,714

 
(14,902
)
 
23,812

 
37,850

 
(13,868
)
 
23,982

Other
 
215

 
(215
)
 

 
214

 
(214
)
 

Total amortizing intangibles
 
65,591

 
(27,518
)
 
38,073

 
64,726

 
(26,128
)
 
38,598

Total intangible assets
 
$
80,966

 
$
(27,518
)
 
$
53,448

 
$
79,877

 
$
(26,128
)
 
$
53,749


For each of the three months ended June 30, 2019 and 2018, amortization related to intangibles was $1.1 million, consisting of amortization related to patents of $0.3 million and amortization related to customer relationships of $0.8 million.
The weighted-average useful life for patents was 15.8 years as of June 30, 2019 and March 31, 2019, respectively, and 12.3 years for customer relationships as of June 30, 2019 and March 31, 2019, respectively. Estimated amortization of intangible assets for each of the next five fiscal years is $4.5 million, and thereafter, amortization will total $15.7 million. Estimated amortization of patents for each of the next five fiscal years is $1.4 million, and thereafter, amortization will total $7.2 million. Estimated amortization of customer relationships for each of the next five fiscal years is $3.1 million, and thereafter, amortization will total $8.5 million.
There were no changes to the carrying amount of goodwill during the three months ended June 30, 2019. The Company’s goodwill balance was $40.3 million at June 30, 2019 and March 31, 2019.