Goodwill and Intangible Assets (Notes)

6 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Intangible Assets

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



	September 30, 2017				March 31, 2017
	Carrying Amount		Accumulated Amortization		Carrying Amount		Accumulated Amortization
Indefinite Lived Intangible Assets:
Trademarks	$	15,029	$	—	$	7,207	$	—
Amortizing Intangibles:
Purchased technology, customer relationships and patents (2 - 21 years)	69,073		21,730		39,527		16,953
	$	84,102	$	21,730	$	46,734	$	16,953

For the quarters ended September 30, 2017 and 2016, amortization related to intangibles was $1.4 million and $0.6 million, respectively. For the six-month periods ended September 30, 2017 and 2016, amortization related to intangibles was $2.3 million and $1.1 million, respectively. The weighted-average useful life of amortized intangibles was 14.0 years and 16.7 years as of September 30, 2017 and 2016, respectively. The patents were renewed in October 2017, and the next renewal will take place in October 2021. Estimated amortization of intangible assets for each of the next five fiscal years is $5.8 million.

The changes in the carrying amount of goodwill for the six-month period ended September 30, 2017 are as follows (amounts in thousands):



	Corporate		Solid Capacitors		Film and Electrolytic
Gross balance as of March 31, 2017
Goodwill	$	4,710	$	35,584	$	1,092
Accumulated impairment losses	—		—		(1,092		)
Net balance as of March 31, 2017	$	4,710	$	35,584	$	—

Goodwill acquired during the year	$	—	$	—	$	—
Impairment charges	$	—	$	—	$	—

Gross balance as of September 30, 2017
Goodwill	$	4,710	$	35,584	$	1,092
Accumulated impairment losses	—		—		(1,092		)
Net balance as of September 30, 2017	$	4,710	$	35,584	$	—

The Company’s goodwill balance was $40.3 million at September 30, 2017 and March 31, 2017. There was no goodwill related to the MSA segment.

- 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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