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Goodwill and Intangible Assets
 6 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets
Note 13: Goodwill and Intangible Assets

The following table presents a roll forward of the carrying value of goodwill from March 31, 2022 to September 30, 2022.  The Company has recast the March 31, 2022 goodwill balances to be comparable with the current segment structure. There was no impact to the underlying reporting units as a result of the segment realignment during fiscal 2023.

 
Climate
Solutions
   
Performance
Technologies
   
Total
  
Goodwill, March 31, 2022
  
$
108.1
    
$
60.0
    
$
168.1
  
Effect of exchange rate changes
    
(6.8
)
    
(0.4
)
    
(7.2
)
Goodwill, September 30, 2022
  
$
101.3
    
$
59.6
    
$
160.9
  

Intangible assets consisted of the following:

 
September 30, 2022
    
March 31, 2022
  
   
Gross
Carrying
Value
    
Accumulated
Amortization
    
Net
Intangible
Assets
    
Gross
Carrying
Value
    
Accumulated
Amortization
    
Net
Intangible
Assets
  
Customer relationships
  
$
57.9
    
$
(20.6
)
  
$
37.3
    
$
61.2
    
$
(20.1
)
  
$
41.1
  
Trade names
    
49.3
      
(14.6
)
    
34.7
      
50.8
      
(13.8
)
    
37.0
  
Acquired technology
    
21.5
      
(11.1
)
    
10.4
      
23.1
      
(10.9
)
    
12.2
  
Total intangible assets
  
$
128.7
    
$
(46.3
)
  
$
82.4
    
$
135.1
    
$
(44.8
)
  
$
90.3
  

The Company recorded amortization expense of $2.0 million and $2.1 million for the three months ended September 30, 2022 and 2021, respectively. The Company recorded amortization expense of $4.0 million and $4.2 million for the six months ended September 30, 2022 and 2021, respectively. The Company estimates that it will record approximately $4.0 million of amortization expense during the remainder of fiscal 2023 and approximately $8.0 million of annual amortization expense in fiscal 2024 through 2028.