Intangible Assets

9 Months Ended

Dec. 31, 2011

Intangible Assets [Abstract]

Intangible Assets

Intangible Assets

A reconciliation of the activity affecting intangible assets is as follows:

(In thousands)	Indefinite Lived Trademarks		Finite Lived Trademarks		Non Compete Agreement		Totals
Carrying Amounts
Balance — March 31, 2011	$	688,484	$	150,293	$	158	$	838,935
Additions	—		—		—		—
Balance — December 31, 2011	$	688,484	$	150,293	$	158	$	838,935
Accumulated Amortization
Balance — March 31, 2011	$	—	$	52,416	$	158	$	52,574
Additions	—		7,119		—		7,119
Balance — December 31, 2011	$	—	$	59,535	$	158	$	59,693
Intangible assets, net — December 31, 2011	$	688,484	$	90,758	$	—	$	779,242

In a manner similar to goodwill, we completed our test for impairment of our indefinite-lived intangible assets during the three months ended March 31, 2011.  We did not record an impairment charge, as facts and circumstances indicated that the fair values of the intangible assets for our operating segments exceeded their carrying values. Additionally, for the indefinite-lived intangible assets, an evaluation of the facts and circumstances as of December 31, 2011 continues to support an indefinite useful life for these assets. Therefore, no impairment charge was recorded for the three and nine months ended December 31, 2011.

The weighted average remaining life for finite-lived intangible assets at December 31, 2011 was approximately 14.1 years and the amortization expense for the three and nine months ended December 31, 2011 was $2.4 million and $7.1 million, respectively. At December 31, 2011, intangible assets are expected to be amortized over a period of 3 to 30 years as follows:

(In thousands)
Year Ending March 31,	Amount
2012 (Remaining three months ending March 31, 2012)	$	2,285
2013	8,552
2014	7,416
2015	6,082
2016	6,082
Thereafter	60,341
	$	90,758