Goodwill and Intangible Assets (Tables)

9 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets [Abstract]

Changes in the carrying amount of goodwill

Changes in the carrying amount of goodwill were as follows:

	Asia		Building HVAC		CIS		Total
Goodwill, March 31, 2017	$	0.5	$	13.7	$	150.9	$	165.1
Acquisition (a)		-		-		1.3		1.3
Effect of exchange rate changes		-		0.8		5.0		5.8
Goodwill, December 31, 2017	$	0.5	$	14.5	$	157.2	$	172.2

(a) During the first six months of fiscal 2018, the Company recorded a $1.3 million increase to goodwill as a result of measurement period adjustments made in connection with purchase accounting for the acquisition of Luvata HTS.  See Note 2 for additional information.

Schedule of intangible assets

Intangible assets consisted of the following:

	December 31, 2017							March 31, 2017
	Gross Carrying Value		Accumulated Amortization			Net Intangible Assets		Gross Carrying Value		Accumulated Amortization			Net Intangible Assets
Customer relationships	$	63.6	$	(4.7	)	$	58.9	$	60.5	$	(1.7	)	$	58.8
Trade names		60.1		(9.8	)		50.3		58.4		(7.2	)		51.2
Acquired technology		28.4		(5.1	)		23.3		27.0		(2.9	)		24.1
Total intangible assets	$	152.1	$	(19.6	)	$	132.5	$	145.9	$	(11.8	)	$	134.1

Estimated future amortization expense

Estimated future amortization expense is as follows:

Fiscal Year	Estimated Amortization Expense
Remainder of 2018	$	2.4
2019		9.6
2020		9.5
2021		8.9
2022		8.7
2023 & Beyond		93.4