Goodwill and Other Intangibles Goodwill and Other Intangibles (Tables)

9 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

The Company's changes in goodwill at December 31, 2023 and 2022 consisted of the following:

(in thousands of dollars)	Nine Months Ended December 31,
	2023		2022
Balance at beginning of fiscal year	$	213,922	$	213,998
Foreign currency translation adjustment	(31)		(117)
Balance at end of period	$	213,891	$	213,881

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

The Company's intangible assets subject to amortization consisted of the following at December 31, 2023 and 2022 and at March 31, 2023:

(in thousands, except useful life)				December 31, 2023
	Useful Life (years)			Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Customer relationships	11	—	13	$	86,500	$	(23,491)	$	63,009
Trade names		5		11,100		(7,710)		3,390
Developed technology		13		9,300		(5,579)		3,721
Noncompetition agreements	4	—	5	4,000		(2,488)		1,512
Other		5		792		(727)		65
Total intangible assets				$	111,692	$	(39,995)	$	71,697

				December 31, 2022
	Useful Life (years)			Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Customer relationships	11	—	13	$	86,500	$	(15,760)	$	70,740
Trade names		5		11,100		(5,490)		5,610
Developed technology	3	—	13	9,300		(5,233)		4,067
Noncompetition agreements	4	—	5	4,000		(1,537)		2,463
Other		5		707		(670)		37
Total intangible assets				$	111,607	$	(28,690)	$	82,917

				March 31, 2023
	Useful Life (years)			Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Customer relationships	11	—	13	$	86,500	$	(17,693)	$	68,807
Trade names		5		11,100		(6,045)		5,055
Developed technology		13		9,300		(5,319)		3,981
Noncompetition agreements	4	—	5	4,000		(1,775)		2,225
Other		5		721		(688)		33
Total intangible assets				$	111,621	$	(31,520)	$	80,101

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

Finite-lived Intangible Assets Amortization Expense [Table Text Block]

The Company's amortization expense for intangible assets for the three and nine months ended December 31, 2023 and 2022 was:

(in thousands of dollars)	Three Months Ended December 31,				Nine Months Ended December 31,
	2023		2022		2023		2022
Amortization Expense	$	2,862	$	3,280	$	8,475	$	9,625

Amortization expense for the developed technology intangible asset is recorded in cost of goods sold in the consolidated statements of income. The amortization expense for other intangible assets is recorded in selling, general, and administrative expenses in the consolidated statements of income.

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

As of December 31, 2023, the expected future amortization expense for intangible assets is as follows:

Fiscal Year (in thousands of dollars)
2024 (excluding the nine months ended December 31, 2023)	$	2,825
2025	11,083
2026	9,232
2027	8,077
2028 and thereafter	40,480
Total expected future amortization expense	$	71,697