Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Notes)

v3.10.0.1
Goodwill and Intangible Assets (Notes)
6 Months Ended
Sep. 30, 2018
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):
 
 
September 30, 2018
 
March 31, 2018
 
 
Carrying
Amount
 
Accumulated
Amortization
 
Net Amount
 
Carrying
Amount
 
Accumulated
Amortization
 
Net Amount
Indefinite Lived Intangible Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks
 
$
14,969

 
$

 
$
14,969

 
$
15,474

 
$

 
$
15,474

Amortizing Intangibles:
 
 
 
 
 

 
 
 
 
 
 
Patents (10 - 18 years)
 
26,662

 
(11,335
)
 
15,327

 
26,662

 
(10,625
)
 
16,037

Customer relationships (10 - 21 years)
 
37,692

 
(12,531
)
 
25,161

 
40,131

 
(11,735
)
 
28,396

Other
 
224

 
(224
)
 

 
238

 
(238
)
 

Total amortizing intangibles
 
64,578

 
(24,090
)
 
40,488

 
67,031

 
(22,598
)
 
44,433

Total intangible assets
 
$
79,547

 
$
(24,090
)
 
$
55,457

 
$
82,505

 
$
(22,598
)
 
$
59,907


For the quarters ended September 30, 2018 and 2017, amortization related to intangibles was $1.1 million and $1.4 million, respectively, consisting of amortization related to patents of $0.4 million and $0.3 million, respectively, and amortization related to customer relationships of $0.8 million and $1.1 million, respectively. For each of the six months ended September 30, 2018 and 2017, amortization related to intangibles was $2.3 million, consisting of amortization related to patents of $0.7 million and amortization related to customer relationships of $1.6 million.
The weighted-average useful life for patents was 15.8 years as of September 30, 2018 and March 31, 2018, respectively, and for customer relationships was 12.3 years as of September 30, 2018 and March 31, 2018, respectively. Estimated amortization of intangible assets for each of the next five fiscal years is $4.5 million, and thereafter, amortization will total $17.8 million. Estimated amortization of patents for each of the next five fiscal years is $1.4 million, and thereafter, amortization will total $8.2 million. Estimated amortization of customer relationships for each of the next five fiscal years is $3.1 million, and thereafter, amortization will total $9.6 million.
There were no changes in the carrying amount of goodwill for the six months ended September 30, 2018. The Company’s goodwill balance was $40.3 million at September 30, 2018 and March 31, 2018.