Annual report [Section 13 and 15(d), not S-K Item 405]

Acquisition (Tables)

v3.25.1
Acquisition (Tables)
 12 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Business Acquisitions, by Acquisition
Preliminary Purchase Price Allocation - F.A.T.I.
Amortization Period (years) Fair Value
Cash $ 2,278 
Accounts receivable 2,088 
Inventories 3,702 
Other current assets 1,113 
Property, plant and equipment 7,580 
Intangibles:
Customer relationships 10 1,776 
Trademarks 5 502 
Developed technology 15 1,909 
Goodwill 2,179 
Total fair value of assets acquired $ 23,127 
Current and non-current liabilities (8,394)
Total fair value of liabilities acquired $ (8,394)
Total purchase price $ 14,733 
Purchase Price Allocation
Amortization Period (years) Fair Value
Cash $ 7,051 
Accounts receivable 8,683 
Inventories 8,254 
Other assets 1,693 
Property, plant and equipment 2,576 
Operating lease right-of-use assets 2,700 
Intangible assets:
Customer relationships(1)
2 - 15
 22,953 
Trademarks 10 7,879 
Developed technology 15 13,689 
Goodwill 49,684 
Total fair value of assets acquired $ 125,162 
Current liabilities (16,656)
Operating lease liability (2,549)
Total fair value of liabilities acquired $ (19,205)
Total purchase price $ 105,957 
(1) Included in the customer relationships intangible assets is $4,407 related to customer backlog with an estimated useful life of 2 years.
Schedule of Business Acquisition, Pro Forma Information
in thousands, unaudited Twelve Months Ended March 31, 2025 Twelve Months Ended March 31, 2024 Twelve Months Ended March 31, 2023
Sales $ 504,791  $ 547,598  $ 491,639 
Net income 56,504  58,626  39,897