Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

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Goodwill and Other Intangible Assets
 9 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
The carrying amount of goodwill by operating segment as of December 31, 2020 is as follows:
  United States and Latin America Canada Europe, Middle East and Africa Asia-Pacific Total
Balance as of March 31, 2020 $ 62,725  $ 107,739  $ 18,890  $ 8,624  $ 197,978 
Foreign currency translation impact —  12,312  2,171  —  14,483 
Balance as of December 31, 2020 $ 62,725  $ 120,051  $ 21,061  $ 8,624  $ 212,461 

Goodwill is tested for impairment on an annual basis and between annual tests if indicators of potential impairment exist. We perform a qualitative analysis to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. If required, we also perform a quantitative analysis using the income approach, based on discounted future cash flows, which are derived from internal forecasts and economic expectations, and the market approach, which is based on market multiples of guideline public companies. The most significant inputs in the Company's quantitative goodwill impairment tests are projected financial information, the weighted average cost of capital and market multiples for similar transactions. Our annual impairment test is performed during the fourth quarter of our fiscal year.
During fiscal 2020, revenue from our operations decreased, year over year, by approximately 7% compared to revenues generated in fiscal 2019. Lower crude oil prices, which management attributes to the COVID-19 pandemic, have had a significant adverse impact on customer capital spending, which in turn resulted in a decline in our revenues.

We considered the decline in our business during fiscal 2020 to be an indicator of potential asset impairments in our reporting units. During the fourth quarter of fiscal 2020, we performed a goodwill and intangible asset impairment assessment of all of our reporting units utilizing the income approach, based on discounted future cash flows, which were derived from internal forecasts and economic expectations, and the market approach, based on market multiples of guideline public companies. Based on the results of our goodwill impairment assessment, the estimated fair value of the reporting units exceeded the carrying value. As such, there was no impairment of our reporting units' goodwill or intangible assets during fiscal 2020. We continue to monitor our reporting units' goodwill and intangible asset valuations and perform qualitative assessments at each interim reporting period. Changes in estimates and assumptions used to determine whether impairment exists or future declines in actual and forecasted operating results and/or market conditions, especially in energy markets, could indicate a need to reevaluate the fair value of our reporting units and may ultimately result in an impairment to goodwill and/or indefinite-lived intangible assets of our reporting units in future periods.
No triggering events were identified during the nine month period ended December 31, 2020 which would indicate that the fair value of any of our reporting units was less than its carrying amount.

Our total intangible assets consisted of the following:
Gross Carrying Amount at December 31, 2020 Accumulated Amortization Net Carrying Amount at December 31, 2020 Gross Carrying Amount at March 31, 2020 Accumulated Amortization Net Carrying Amount at March 31, 2020
Products $ 65,433  $ 20,720  $ 44,713  $ 58,722  $ 14,193  $ 44,529 
Trademarks 45,805  1,232  44,573  43,865  1,273  42,592 
Developed technology 10,080  5,388  4,692  9,564  4,758  4,806 
Customer relationships 113,835  102,718  11,117  105,912  93,729  12,183 
Certifications 459  —  459  436  —  436 
Total $ 235,612  $ 130,058  $ 105,554  $ 218,499  $ 113,953  $ 104,546