Goodwill (Tables)
|
9 Months Ended |
Dec. 31, 2015 |
|---|
| Acquired Finite-Lived Intangible Assets [Line Items] |
|
| Schedule of Business Acquisitions, by Acquisition |
|
|
|
|
|
Consideration to or on behalf of sellers at close |
$ |
3,890 |
|
Fair value of total consideration transferred |
$ |
3,890 |
|
|
|
|
|
|
Consideration to or on behalf of sellers at close |
$ |
10,956 |
|
Fair value of total consideration transferred |
$ |
10,956 |
|
|
| 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 |
$ |
1,693 |
|
Inventories |
1,299 |
Other current assets |
123 |
Property, plant and equipment |
1,316 |
Identifiable intangible assets |
2,645 |
Goodwill |
9,255 |
Total assets |
16,331 |
|
Liabilities assumed: |
|
Current liabilities |
1,025 |
Noncurrent deferred tax liability |
714 |
Total liabilities |
1,739 |
|
Non-controlling interests |
3,636 |
|
Total consideration |
$ |
10,956 |
|
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 |
|
Total consideration |
$ |
3,890 |
|
|
| Schedule of Intangible Assets |
Other intangible assets related to previous transactions consisted of the following:
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Gross Carrying Amount at December 31, 2015 |
|
Accumulated Amortization |
|
Net Carrying Amount at December 31, 2015 |
|
Gross Carrying Amount at March 31, 2015 |
|
Accumulated Amortization |
|
Net Carrying Amount at March 31, 2015 |
Trademarks |
|
$ |
41,972 |
|
|
$ |
— |
|
|
$ |
41,972 |
|
|
$ |
43,034 |
|
|
$ |
— |
|
|
$ |
43,034 |
|
Developed technology |
|
9,619 |
|
|
2,764 |
|
|
6,855 |
|
|
9,862 |
|
|
2,469 |
|
|
7,393 |
|
Customer relationships |
|
90,345 |
|
|
50,037 |
|
|
40,308 |
|
|
92,581 |
|
|
44,195 |
|
|
48,386 |
|
Backlog |
|
8,828 |
|
|
8,828 |
|
|
— |
|
|
9,129 |
|
|
9,129 |
|
|
— |
|
Certification |
|
438 |
|
|
— |
|
|
438 |
|
|
449 |
|
|
— |
|
|
449 |
|
Other |
|
1,630 |
|
|
1,508 |
|
|
122 |
|
|
1,630 |
|
|
1,317 |
|
|
313 |
|
Total |
|
$ |
152,832 |
|
|
$ |
63,137 |
|
|
$ |
89,695 |
|
|
$ |
156,685 |
|
|
$ |
57,110 |
|
|
$ |
99,575 |
|
|
| Schedule of carrying amount of goodwill |
The carrying amount of goodwill as of December 31, 2015 is as follows:
|
|
|
|
|
|
Amount |
Balance as of March 31, 2015 |
$ |
105,232 |
|
Goodwill acquired |
19,459 |
|
Foreign currency translation impact |
(4,231 |
) |
Balance as of December 31, 2015 |
$ |
120,460 |
|
|
| Industrial Process Insulators, Inc. |
|
| Acquired Finite-Lived Intangible Assets [Line Items] |
|
| Schedule of Business Acquisitions, by Acquisition |
|
|
|
|
|
Consideration to or on behalf of sellers at close |
$ |
21,750 |
|
Fair value of total consideration transferred |
$ |
21,750 |
|
|
| 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: |
|
Cash |
$ |
1,526 |
|
Accounts receivable |
3,723 |
|
Inventories |
474 |
|
Other current assets |
204 |
Property, plant and equipment |
119 |
Identifiable intangible assets |
13,784 |
Goodwill |
10,204 |
Total assets |
30,034 |
|
Liabilities assumed: |
|
Current liabilities |
2,203 |
Uncertain tax position liability |
1,119 |
|
Noncurrent deferred tax liability |
4,962 |
Total liabilities |
8,284 |
|
Total consideration |
$ |
21,750 |
|
|
| Schedule of Intangible Assets |
Our provisional estimate of identifiable intangible assets at December 31, 2015 that were related to the IPI transaction consisted of the following:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization period |
|
Gross Carrying Amount at December 31, 2015 |
|
Accumulated Amortization |
|
Net Carrying Amount at December 31, 2015 |
|
|
|
|
|
|
|
|
Order backlog |
6 months |
|
$ |
437 |
|
|
$ |
364 |
|
|
$ |
73 |
|
Customer relationships |
10 years |
|
10,720 |
|
|
447 |
|
|
10,273 |
|
Trademark |
8 years |
|
1,820 |
|
|
95 |
|
|
1,725 |
|
Other |
3 years |
|
807 |
|
|
112 |
|
|
695 |
|
Total |
|
|
$ |
13,784 |
|
|
$ |
1,018 |
|
|
$ |
12,766 |
|
|
| Sumac Fabrication Company Limited |
|
| Acquired Finite-Lived Intangible Assets [Line Items] |
|
| Schedule of Intangible Assets |
Our provisional estimate of identifiable intangible assets at December 31, 2015 that were related to the Sumac transaction consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization period |
|
Gross Carrying Amount at December 31, 2015 |
|
Accumulated Amortization |
|
Net Carrying Amount at December 31, 2015 |
|
|
|
|
|
|
|
|
Backlog |
6 months |
|
$ |
170 |
|
|
$ |
170 |
|
|
$ |
— |
|
Customer relationships |
3 years |
|
1,705 |
|
|
426 |
|
|
1,279 |
|
Other |
10.3 years |
|
546 |
|
|
92 |
|
|
454 |
|
Total |
|
|
$ |
2,421 |
|
|
$ |
688 |
|
|
$ |
1,733 |
|
|
| Unitemp |
|
| Acquired Finite-Lived Intangible Assets [Line Items] |
|
| Schedule of Intangible Assets |
Our provisional estimate of identifiable intangible assets that were related to the Unitemp Transaction consisted of the following:
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|
Amortization period |
|
Gross Carrying Amount at December 31, 2015 |
|
Accumulated Amortization |
|
Net Carrying Amount at December 31, 2015 |
|
Gross Carrying Amount at March 31, 2015 |
|
Accumulated Amortization |
|
Net Carrying Amount at March 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trademarks |
8 years |
|
$ |
612 |
|
|
$ |
64 |
|
|
$ |
548 |
|
|
$ |
780 |
|
|
$ |
8 |
|
|
$ |
772 |
|
Developed Technology |
3 years |
|
84 |
|
|
23 |
|
|
61 |
|
|
107 |
|
|
3 |
|
|
104 |
|
Customer Relationships |
5 years |
|
288 |
|
|
48 |
|
|
240 |
|
|
368 |
|
|
6 |
|
|
362 |
|
Total |
|
|
$ |
984 |
|
|
$ |
135 |
|
|
$ |
849 |
|
|
$ |
1,255 |
|
|
$ |
17 |
|
|
$ |
1,238 |
|
|