Goodwill and Intangible Assets (Notes)

3 Months Ended

Jun. 30, 2019

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):

	June 30, 2019							March 31, 2019
	Carrying Amount		Accumulated Amortization			Net Amount		Carrying Amount		Accumulated Amortization			Net Amount
Indefinite Lived Intangible Assets:
Trademarks	$	15,375	$	—		$	15,375	$	15,151	$	—		$	15,151
Amortizing Intangibles:
Patents (10 - 18 years)	26,662		(12,401		)	14,261		26,662		(12,046		)	14,616
Customer relationships (10 - 21 years)	38,714		(14,902		)	23,812		37,850		(13,868		)	23,982
Other	215		(215		)	—		214		(214		)	—
Total amortizing intangibles	65,591		(27,518		)	38,073		64,726		(26,128		)	38,598
Total intangible assets	$	80,966	$	(27,518	)	$	53,448	$	79,877	$	(26,128	)	$	53,749

For each of the three months ended June 30, 2019 and 2018, amortization related to intangibles was $1.1 million, consisting of amortization related to patents of $0.3 million and amortization related to customer relationships of $0.8 million.

The weighted-average useful life for patents was 15.8 years as of June 30, 2019 and March 31, 2019, respectively, and 12.3 years for customer relationships as of June 30, 2019 and March 31, 2019, respectively. Estimated amortization of intangible assets for each of the next five fiscal years is $4.5 million, and thereafter, amortization will total $15.7 million. Estimated amortization of patents for each of the next five fiscal years is $1.4 million, and thereafter, amortization will total $7.2 million. Estimated amortization of customer relationships for each of the next five fiscal years is $3.1 million, and thereafter, amortization will total $8.5 million.

There were no changes to the carrying amount of goodwill during the three months ended June 30, 2019. The Company’s goodwill balance was $40.3 million at June 30, 2019 and March 31, 2019.