Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.23.1
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of carrying amount of goodwill
The carrying amount of goodwill for all reporting segments as of March 31, 2023, 2022 and 2021 is as follows:
US-LAM Canada EMEA APAC Total
Balance as of March 31, 2021 $ 62,725  $ 121,550  $ 20,139  $ 8,624  $ 213,038 
Foreign currency translation impact —  768  (1,052) —  (284)
Balance as of March 31, 2022 $ 62,725  $ 122,318  $ 19,087  $ 8,624  $ 212,754 
Goodwill acquired(1)
18,620  —  —  —  18,620 
Foreign currency translation impact —  (9,373) (408) (1,981) (11,762)
Balance as of March 31, 2023 $ 81,345  $ 112,945  $ 18,679  $ 6,643  $ 219,612 
(1) - Refer to Note 2, "Acquisition" for more information.
Schedule of Intangible Assets Our total intangible assets at March 31, 2023, and 2022 consisted of the following:
Gross Carrying Amount at March 31, 2023 Accumulated Amortization Net Carrying Amount at March 31, 2023 Gross Carrying Amount at March 31, 2022 Accumulated Amortization Net Carrying Amount at March 31, 2022
Products $ 61,560  $ (33,344) $ 28,216  $ 66,669  $ (29,445) $ 37,224 
Trademarks 47,427  (2,031) 45,396  45,222  (1,517) 43,705 
Developed technology 14,862  (6,520) 8,342  9,946  (5,933) 4,013 
Customer relationships 113,259  (102,743) 10,516  113,413  (103,900) 9,513 
Certifications 441  —  441  453  —  453 
Other 1,280  (221) 1,059  —  —  — 
Total $ 238,829  $ (144,859) $ 93,970  $ 235,703  $ (140,795) $ 94,908 
Schedule of Future Amortization Expense Annual amortization of intangible assets for the next five fiscal years and thereafter will approximate the following:
2024 $ 8,849 
2025 8,524 
2026 8,524 
2027 8,524 
2028 5,746 
Thereafter 11,152 
Total $ 51,319