Goodwill and Other Intangibles Goodwill and Other Intangibles (Tables)

3 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

The Company's changes in goodwill at June 30, 2020 and 2019 consisted of the following:



(in thousands)	Three Months Ended June 30,
	2020		2019
Balance at beginning of year	$	126,826	$	97,907
Foreign currency translation adjustment	36		42
Balance at end of period	$	126,862	$	97,949

Schedule of Finite-Lived Intangible Assets [Table Text Block]

The Company's intangible assets subject to amortization consisted of the following at June 30, 2020 and 2019:



(in thousands, except useful life)		June 30,
		2020							2019
	Useful Life	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Customer relationships⁽¹⁾	13	$	9,500	$	(365	)	$	9,135	$	—	$	—		$	—
Trade names⁽¹⁾	5	3,300		(330		)	2,970		—		—			—
Developed technology⁽¹⁾	3	4,800		(800		)	4,000		—		—			—
Noncompetition agreements⁽¹⁾	5	1,000		(100		)	900		—		—			—
Other	5	734		(625		)	109		774		(694		)	80
Total intangible assets		$	19,334	$	(2,220	)	$	17,114	$	774	$	(694	)	$	80

(1) On January 1, 2020 the Company acquired 100% of the capital stock of FruitSmart, an independent specialty fruit and vegetable ingredient processor serving global markets, for approximately $80.0 million in cash and up to $25.0 million of contingent consideration payments. The FruitSmart acquisition resulted in $28.9 million of goodwill and $18.6 million intangibles. See Note 3 for additional information.

Intangible assets are amortized on a straight-line basis over the asset's estimated useful economic life as noted above.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

As of June 30, 2020, the expected future amortization expense for intangible assets is as follows:



Fiscal Year
2021	$	2,443
2022	3,250
2023	2,791
2024	1,591
2025 and thereafter	7,039
Total expected future amortization expense	$	17,114