Schedule of Carrying Amount of Goodwill |
The carrying amount of goodwill by operating segment as of December 31, 2024, is as follows:
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United States and Latin America |
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Canada |
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Europe, Middle East and Africa |
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Asia-Pacific |
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Total |
Balance as of March 31, 2024 |
$ |
133,095 |
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|
$ |
112,846 |
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|
$ |
18,532 |
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|
$ |
6,313 |
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$ |
270,786 |
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Goodwill acquired(1)
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(2,065) |
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— |
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2,455 |
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— |
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|
390 |
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Foreign currency translation impact |
— |
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(6,502) |
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(842) |
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(283) |
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(7,627) |
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Balance as of December 31, 2024 |
$ |
131,030 |
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$ |
106,344 |
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$ |
20,145 |
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$ |
6,030 |
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$ |
263,549 |
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(1) Refer to Note 2, "Acquisitions," for more information on the goodwill acquired and the related measurement period adjustment regarding the Vapor Power Acquisition and the F.A.T.I. Acquisition.
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Schedule of Intangible Assets |
Our total intangible assets consisted of the following:
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Gross Carrying Amount at December 31, 2024 |
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Accumulated Amortization |
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Net Carrying Amount at December 31, 2024 |
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Gross Carrying Amount at March 31, 2024 |
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Accumulated Amortization |
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Net Carrying Amount at March 31, 2024 |
Products |
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$ |
57,961 |
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$ |
(41,539) |
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$ |
16,422 |
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$ |
61,505 |
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$ |
(39,466) |
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$ |
22,039 |
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Trademarks |
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53,499 |
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(3,527) |
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49,972 |
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54,158 |
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(2,650) |
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|
51,508 |
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Developed technology |
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29,824 |
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(8,492) |
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|
21,332 |
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|
28,288 |
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(7,372) |
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|
20,916 |
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Customer relationships |
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135,111 |
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(105,750) |
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29,361 |
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|
136,088 |
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(104,699) |
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31,389 |
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Certifications |
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417 |
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— |
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|
417 |
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|
429 |
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— |
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|
429 |
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Other |
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1,280 |
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(661) |
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|
619 |
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1,280 |
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(469) |
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|
811 |
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Total |
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$ |
278,092 |
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$ |
(159,969) |
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$ |
118,123 |
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$ |
281,748 |
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$ |
(154,656) |
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$ |
127,092 |
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