|
Goodwill and Other Intangible Assets (Tables)
|
12 Months Ended |
|
Mar. 31, 2015
|
| Acquired Finite-Lived Intangible Assets [Line Items] |
|
| Schedule of Business Acquisitions, by Acquisition |
The Company paid cash consideration of $3,890.
|
|
|
|
|
Consideration to or on behalf of sellers at close |
$ |
3,890 |
|
Fair value of total consideration transferred |
$ |
3,890 |
|
|
| Schedule of Acquired Finite-Lived Intangible Assets by Major Class |
Intangible assets from the CHS Transactions at March 31, 2015 and March 31, 2014 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Carrying Amount at March 31, 2015 |
|
Accumulated Amortization |
|
Net Carrying Amount at March 31, 2015 |
|
Gross Carrying Amount at March 31, 2014 |
|
Accumulated Amortization |
|
Net Carrying Amount at March 31, 2014 |
Trademarks |
|
$ |
43,034 |
|
|
$ |
— |
|
|
$ |
43,034 |
|
|
$ |
47,042 |
|
|
$ |
— |
|
|
$ |
47,042 |
|
Developed technology |
|
9,862 |
|
|
(2,469 |
) |
|
7,393 |
|
|
10,781 |
|
|
(2,167 |
) |
|
8,614 |
|
Customer relationships |
|
92,581 |
|
|
(44,195 |
) |
|
48,386 |
|
|
99,578 |
|
|
(37,383 |
) |
|
62,195 |
|
Backlog |
|
9,129 |
|
|
(9,129 |
) |
|
— |
|
|
9,874 |
|
|
(9,874 |
) |
|
— |
|
Certification |
|
449 |
|
|
— |
|
|
449 |
|
|
498 |
|
|
— |
|
|
498 |
|
Other |
|
1,630 |
|
|
(1,317 |
) |
|
313 |
|
|
1,630 |
|
|
(1,062 |
) |
|
568 |
|
Total |
|
$ |
156,685 |
|
|
$ |
(57,110 |
) |
|
$ |
99,575 |
|
|
$ |
169,403 |
|
|
$ |
(50,486 |
) |
|
$ |
118,917 |
|
|
| Schedule of Recognized Identified Assets Acquired and Liabilities Assumed |
The following table summarizes the preliminary fair value of the assets and liabilities assumed:
|
|
|
Assets acquired: |
|
Accounts receivable |
$1,346 |
Inventories |
655 |
Other current assets |
21 |
Property, plant and equipment |
77 |
Identifiable intangible assets |
1,294 |
Goodwill |
1,630 |
Total assets |
5,023 |
Liabilities assumed: |
|
Current liabilities |
415 |
Noncurrent deferred tax liability |
718 |
Total liabilities |
1,133 |
Purchase price |
$3,890 |
|
| Schedule of carrying amount of goodwill |
The carrying amount of goodwill as of March 31, 2015, is as follows:
|
|
|
|
|
|
|
|
Amount |
Balance as of March 31, 2014 |
$ |
114,112 |
|
Goodwill acquired |
|
1,630 |
|
Foreign currency translation impact |
|
(10,510 |
) |
Balance as of March 31, 2015 |
$ |
105,232 |
|
|
| Schedule of Future Amortization Expense |
Annual amortization of intangible assets for the next five years and thereafter will approximate the following:
|
|
|
|
|
|
2016 |
|
$ |
10,422 |
|
2017 |
|
10,260 |
|
2018 |
|
10,165 |
|
2019 |
|
10,131 |
|
2020 |
|
10,126 |
|
Thereafter |
|
6,226 |
|
Total |
|
$ |
57,330 |
|
|
| Unitemp |
|
| Acquired Finite-Lived Intangible Assets [Line Items] |
|
| Schedule of Acquired Finite-Lived Intangible Assets by Major Class |
Our provisional estimate of other intangible assets at March 31, 2015 that were related to the Unitemp Transaction consisted of the following:
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|
|
|
|
|
|
|
|
|
|
|
Amortization period |
|
Gross Carrying Amount at March 31, 2015 |
|
Accumulated Amortization |
|
Net Carrying Amount at March 31, 2015 |
|
|
|
|
|
|
|
|
Trademarks |
8 years |
|
$ |
780 |
|
|
$ |
8 |
|
|
$ |
772 |
|
Developed Technology |
3 years |
|
107 |
|
|
3 |
|
|
104 |
|
Customer Relationships |
5 years |
|
368 |
|
|
6 |
|
|
362 |
|
Total |
|
|
$ |
1,255 |
|
|
$ |
17 |
|
|
$ |
1,238 |
|
|