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Goodwill and Intangible Assets
 6 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets
Note 14: Goodwill and Intangible Assets

The following table presents a roll forward of the carrying value of goodwill from March 31, 2023 to September 30, 2023.

   
Climate Solutions
    
Performance Technologies
    
Total
  
Goodwill, March 31, 2023
  
$
105.7
    
$
59.9
    
$
165.6
  
Acquisition (disposition) (a)
    
1.0
      
(0.7
)
    
0.3
  
Effect of exchange rate changes
    
(1.5
)
    
(0.1
)
    
(1.6
)
Goodwill, September 30, 2023
  
$
105.2
    
$
59.1
    
$
164.3
  

(a) During the second quarter of fiscal 2024, the Company recorded $1.0 million of goodwill in connection with its acquisition of Napps. In addition, the Company wrote-off $0.7 million of goodwill in connection with the sale of two coatings facilities.  See Note 2 for additional information.

Intangible assets consisted of the following:

 
September 30, 2023
    
March 31, 2023
  
    Gross           Net     Gross           Net  
     Carrying     Accumulated
    Intangible
    Carrying
    Accumulated
    Intangible
 
   
Value
    
Amortization
    
Assets
    
Value
    
Amortization
    
Assets
  
Customer relationships
  
$
62.2
    
$
(24.9
)
  
$
37.3
    
$
60.3
    
$
(23.4
)
  
$
36.9
  
Trade names
    
49.8
      
(17.0
)
    
32.8
      
50.1
      
(15.9
)
    
34.2
  
Acquired technology
    
22.6
      
(13.4
)
    
9.2
      
22.6
      
(12.6
)
    
10.0
  
Total intangible assets
  
$
134.6
    
$
(55.3
)
  
$
79.3
    
$
133.0
    
$
(51.9
)
  
$
81.1
  

During the second quarter of fiscal 2024, the Company recorded customer relationship and acquired technology intangible assets totaling $2.9 million related to the Napps acquisition.  See Note 2 for additional information.

The Company recorded amortization expense of $2.0 million for both the three months ended September 30, 2023 and 2022. The Company recorded amortization expense of $4.0 million for both the six months ended September 30, 2023 and 2022. The Company estimates that it will record approximately $4.0 million of amortization expense during the remainder of fiscal 2024.  The Company estimates that it will record approximately $8.0 million of annual amortization expense in fiscal 2025 through 2028 and approximately $7.0 million in fiscal 2029.