XML 55 R45.htm IDEA: XBRL DOCUMENT v3.22.0.1
Goodwill and Other Intangibles Change in Goodwill Balance (Details) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]    
Balance at beginning of year $ 173,051 $ 126,826
Acquisition of business(1)(2) [1],[2] 41,061 53,728
Foreign currency translation adjustment (89) 101
Balance at end of period $ 214,023 $ 180,655
[1] On October 1, 2020, the Company acquired 100% of the capital stock of Silva for approximately $164.0 million in cash and $5.9 million of working capital on-hand at the date of acquisition. The Silva acquisition resulted in $46.1 million of goodwill after the final purchase accounting was completed in the three months ended September 30, 2021. See Note 3 for additional information.
[2] On October 4, 2021, the Company acquired 100% of the capital stock of Shank's for approximately $100 million in cash and $2.4 million of additional working capital on-hand at the date of acquisition. The Shank's acquisition resulted in $41.1 million of goodwill. See Note 3 for additional information.