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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Amortizable Intangible Assets

Amortizable intangible assets are amortized over their estimated economic useful life to reflect the pattern of economic benefits consumed based upon the following lives and methods:

 

Patents

 

10-17 years

 

Straight-line

Licenses

 

7-13 years

 

Straight-line

Customer relationships

 

5-8 years

 

Accelerated based upon the pattern of economic benefits

consumed

Developed technology

 

8 years

 

Accelerated based upon the pattern of economic benefits

consumed

Tradename

 

5-10 years

 

Straight-line

Summary of Components and Changes in Other Intangible Assets

The components of, and changes in, the carrying amount of other intangible assets were as follows (dollars in thousands):

 

 

 

March 31, 2022

 

 

March 31, 2021

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

 

Amortized Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents

 

$

2,652

 

 

$

(1,932

)

 

$

720

 

 

$

2,796

 

 

$

(1,875

)

 

$

921

 

Licenses

 

 

58

 

 

 

(58

)

 

 

 

 

 

58

 

 

 

(58

)

 

 

 

Trade name and trademarks

 

 

118

 

 

 

(6

)

 

 

112

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

4,178

 

 

 

(3,618

)

 

 

560

 

 

 

3,600

 

 

 

(3,591

)

 

 

9

 

Developed technology

 

 

900

 

 

 

(900

)

 

 

 

 

 

900

 

 

 

(889

)

 

 

11

 

Total Amortized Intangible Assets

 

$

7,906

 

 

$

(6,514

)

 

$

1,392

 

 

$

7,354

 

 

$

(6,413

)

 

$

941

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name and trademarks

 

$

1,012

 

 

$

 

 

$

1,012

 

 

$

1,011

 

 

$

 

 

$

1,011

 

Total Indefinite-lived Intangible Assets

 

$

1,012

 

 

$

 

 

$

1,012

 

 

$

1,011

 

 

$

 

 

$

1,011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Other Intangible Assets

 

$

8,918

 

 

$

(6,514

)

 

$

2,404

 

 

$

8,365

 

 

$

(6,413

)

 

$

1,952

 

Summary of Estimated Amortization Expense The estimated amortization expense for each of the next five years is shown below (dollars in thousands): 

 

Fiscal 2023

 

$

207

 

Fiscal 2024

 

 

203

 

Fiscal 2025

 

 

195

 

Fiscal 2026

 

 

184

 

Fiscal 2027

 

 

163

 

Thereafter

 

 

440

 

 

 

$

1,392

 

 

Amortization expense is set forth in the following table (dollars in thousands):

 

 

 

Fiscal Year Ended March 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Amortization included in cost of sales:

 

 

 

 

 

 

 

 

 

 

 

 

Patents

 

$

183

 

 

$

175

 

 

$

171

 

Total

 

$

183

 

 

$

175

 

 

$

171

 

Amortization included in operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

27

 

 

$

47

 

 

$

86

 

Developed technology

 

 

11

 

 

 

68

 

 

 

102

 

Tradename

 

 

6

 

 

 

 

 

 

 

Total

 

 

44

 

 

 

115

 

 

 

188

 

Total amortization of intangible assets

 

$

227

 

 

$

290

 

 

$

359