Goodwill and Other Intangibles Goodwill and Other Intangibles

6 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

GOODWILL AND OTHER INTANGIBLES

The Company's changes in goodwill at September 30, 2025 and 2024 consisted of the following:

(in thousands of dollars)	Six Months Ended September 30,
	2025		2024
Balance at beginning of fiscal year	$	213,840	$	213,869
Foreign currency translation adjustment	(25)		3
Balance at end of period	$	213,815	$	213,872

The Company's intangible assets primarily consist of capitalized customer-related intangibles, trade names, proprietary developed technology and noncompetition agreements. The Company's intangible assets subject to amortization consisted of the following at September 30, 2025 and 2024 and at March 31, 2025:

(in thousands, except useful life)				September 30, 2025
	Useful Life (years)			Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Customer relationships	11	—	13	$	86,500	$	(37,020)	$	49,480
Trade names		5		11,100		(11,100)		—
Developed technology		13		9,300		(6,185)		3,115
Noncompetition agreements		4		4,000		(4,000)		—
Other		5		880		(825)		55
Total intangible assets				$	111,780	$	(59,130)	$	52,650

				September 30, 2024
	Useful Life (years)			Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Customer relationships	11	—	13	$	86,500	$	(29,289)	$	57,211
Trade names		5		11,100		(9,375)		1,725
Developed technology		13		9,300		(5,838)		3,462
Noncompetition agreements	4	—	5	4,000		(3,200)		800
Other		5		826		(761)		65
Total intangible assets				$	111,726	$	(48,463)	$	63,263

				March 31, 2025
	Useful Life (years)			Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Customer relationships	11	—	13	$	86,500	$	(33,155)	$	53,345
Trade names		5		11,100		(10,320)		780
Developed technology		13		9,300		(6,012)		3,288
Noncompetition agreements	4	—	5	4,000		(3,625)		375
Other		5		802		(754)		48
Total intangible assets				$	111,702	$	(53,866)	$	57,836

Intangible assets are amortized on a straight-line basis over the asset's estimated useful economic life, as noted above.

The Company's amortization expense for intangible assets for the six months ended September 30, 2025 and 2024 was:

(in thousands of dollars)	Three Months Ended September 30,				Six Months Ended September 30,
	2025		2024		2025		2024
Amortization Expense	$	2,601	$	2,852	$	5,264	$	5,664

Amortization expense for the developed technology intangible asset is recorded in cost of goods sold in the consolidated statements of income. The amortization expense for other intangible assets is recorded in selling, general, and administrative expenses in the consolidated statements of income.

As of September 30, 2025, the expected future amortization expense for intangible assets was as follows:

Fiscal Year (in thousands of dollars)
2026 (excluding the six months ended September 30, 2025)	$	4,057
2027	8,113
2028	8,077
2029	7,494
2030 and thereafter	24,909
Total expected future amortization expense	$	52,650