Goodwill and Intangible Assets

12 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

The following table highlights the Company’s intangible assets (amounts in thousands):



	March 31, 2017				March 31, 2016
	Carrying Amount		Accumulated Amortization		Carrying Amount		Accumulated Amortization
Indefinite Lived Intangible Assets:
Trademarks	$	7,207	$	—	$	7,207	$	—
Amortizing Intangibles:
Purchased technology, customer relationships and patents (3 - 18 years)	39,527		16,953		43,089		16,995
	$	46,734	$	16,953	$	50,296	$	16,995

For fiscal years ended March 31, 2017, 2016 and 2015 amortization related to intangibles was $2.1 million, $2.2 million and $2.1 million, respectively. The weighted-average useful life of amortized intangibles was 16.6 years in the fiscal years ended March 31, 2017 and 2016. The weighted-average period prior to the next renewal for patents was 0.5 years and 1.5 years in the fiscal years ended March 31, 2017 and March 31, 2016, respectively. Estimated amortization of intangible assets for each of the next five fiscal years is $2.1 million and, thereafter, amortization will total $12.1 million.

For fiscal year 2017, the Company completed its impairment test on goodwill and intangible assets with indefinite useful lives as of January 1, 2017 and concluded that goodwill and indefinite-lived assets were not impaired.

The changes in the carrying amount of goodwill for the years ended March 31, 2017 and 2016 are as follows (amounts in thousands):



	Fiscal Year 2017							Fiscal Year 2016
	Solid Capacitors		Film and Electrolytic			Corporate (1)		Solid Capacitors		Film and Electrolytic			Corporate (1)
Gross balance at beginning of fiscal year
Goodwill	$	35,584	$	1,092		$	4,710	$	35,584	$	1,092		$	—
Accumulated impairment losses	—		(1,092		)	—		—		(1,092		)	—
Net balance at the end of the year	$	35,584	$	—		$	4,710	$	35,584	$	—		$	—

Acquisitions	$	—	$	—		$	—	$	—	$	—		$	4,710
Impairment charges	$	—	$	—		$	—	$	—	$	—		$	—
Balance at the end of the year
Goodwill	$	35,584	$	1,092		$	4,710	$	35,584	$	1,092		$	4,710
Accumulated impairment losses	—		(1,092		)	—		—		(1,092		)	—
Balance at the end of the year, net	$	35,584	$	—		$	4,710	$	35,584	$	—		$	4,710


(1)	Corporate goodwill established as a result of the IntelliData acquisition on April 1, 2015.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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