Goodwill and Intangible Assets (Tables)

6 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

A summary of changes in goodwill during the six months ended September 30, 2021 is as follows (in thousands):

Balance at April 1, 2021	$	331,176
Acquisition of Dorner (see Note 2)	$	286,640
Currency translation	(2,487)
Balance at September 30, 2021	$	615,329

During the three months ended September 30, 2021, the Company received cash in the amount of $2,357,000 from the former owner of Dorner as a result of a working capital adjustment. The adjustment contributed to the reduction in goodwill and the purchase price for Dorner from amounts reported as of June 30, 2021.

Schedule of Indefinite-lived Intangible Assets by Major Class

Identifiable intangible assets are summarized as follows (in thousands):

	September 30, 2021						March 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Trademark	$	14,302	$	(5,168)	$	9,134	$	6,377	$	(4,760)	$	1,617
Indefinite lived trademark	47,595		—		47,595		47,857		—		47,857
Customer relationships	326,554		(64,164)		262,390		188,447		(55,785)		132,662
Acquired technology	91,961		(18,817)		73,144		46,843		(16,021)		30,822
Other	3,345		(2,908)		437		3,259		(2,855)		404
Total	$	483,757	$	(91,057)	$	392,700	$	292,783	$	(79,421)	$	213,362