Goodwill and Intangible Assets (Tables)

9 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets

Schedule of changes in the balance of goodwill

The changes in the balance of goodwill during the nine months ended December 31, 2012 were as follows (in thousands):

Balance at March 31, 2012, as previously reported	$	148,785
Revision to allocation of Osterman, Pacer, and North American combinations	18,460
Balance at March 31, 2012, as retrospectively adjusted (Note 3)	167,245
Acquisitions	342,827
Balance at December 31, 2012	$	510,072

Schedule of Goodwill by reportable segment

Goodwill by reportable segment is as follows in (in thousands):

	December 31,		March 31,
	2012		2012
			(Note 3)
Retail propane	$	103,860	$	90,287
Natural gas liquids logistics	95,238		76,958
Crude oil logistics	209,669		—
Water services	101,305		—
	$	510,072	$	167,245

Schedule of intangible assets

Our intangible assets consist of the following as of the dates indicated (in thousands):

		December 31, 2012				March 31, 2012
		Gross Carrying		Accumulated		Gross Carrying		Accumulated
	Useful Lives	Amount		Amortization		Amount		Amortization
						(Note 3)
Amortizable —
Lease and other agreements	1-8 years	$	13,310	$	5,048	$	2,810	$	1,545
Customer relationships	5-20 years	449,376		20,580		128,071		3,868
Non-compete agreements	2-7 years	6,145		2,064		5,033		919
Debt issuance costs	5-10 years	17,918		1,867		7,310		1,842
Trade names	10 years	2,700		248		2,700		—
Total amortizable		489,449		29,807		145,924		8,174
Non-Amortizable —
Trade names	Indefinite	27,564		—		11,740		—
Total		$	517,013	$	29,807	$	157,664	$	8,174

Schedule of expected amortization of amortizable intangible assets

Expected amortization of our amortizable intangible assets is as follows (in thousands):

Year Ending March 31,
2013 (three months)	$	10,393
2014	38,971
2015	37,712
2016	36,587
2017	35,550
Thereafter	300,429
	$	459,642

Schedule of amortization expense

Amortization expense was as follows:

	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2012		2011		2012		2011
	(in thousands)
Recorded in
Cost of sales	$	1,763	$	200	$	3,315	$	600
Depreciation and amortization	9,474		1,482		18,294		1,931
Interest expense	925		291		2,261		946
Loss on early extinguishment of debt	—		—		5,769		—
	$	12,162	$	1,973	$	29,639	$	3,477