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Intangible Assets (Tables)
3 Months Ended
Jun. 30, 2015
Intangible Assets  
Schedule of intangible assets

 

 

 

 

 

June 30, 2015

 

March 31, 2015

 

 

 

Amortizable

 

Gross Carrying

 

Accumulated

 

Gross Carrying

 

Accumulated

 

 

 

Lives

 

Amount

 

Amortization

 

Amount

 

Amortization

 

 

 

 

 

(in thousands)

 

Amortizable—

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

3–20 years

 

$

912,418 

 

$

179,743 

 

$

921,418 

 

$

159,215 

 

Pipeline capacity rights

 

30 years

 

119,636 

 

3,568 

 

119,636 

 

2,571 

 

Water facility development agreement

 

5 years

 

14,000 

 

5,600 

 

14,000 

 

4,900 

 

Executory contracts and other agreements

 

2–10 years

 

23,920 

 

19,063 

 

23,920 

 

18,387 

 

Non-compete agreements

 

2–10 years

 

26,771 

 

11,629 

 

26,662 

 

10,408 

 

Trade names

 

2–12 years

 

15,439 

 

9,184 

 

15,439 

 

7,569 

 

Debt issuance costs

 

5–10 years

 

55,171 

 

19,710 

 

55,165 

 

17,467 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total amortizable

 

 

 

1,167,355 

 

248,497 

 

1,176,240 

 

220,517 

 

Non-amortizable—

 

 

 

 

 

 

 

 

 

 

 

Customer commitments

 

 

 

310,000 

 

 

310,000 

 

 

Trade names

 

 

 

22,620 

 

 

22,620 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total non-amortizable

 

 

 

332,620 

 

 

332,620 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

$

1,499,975 

 

$

248,497 

 

$

1,508,860 

 

$

220,517 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of amortization expense

 

 

 

Three Months Ended June 30,

 

Recorded In

 

2015

 

2014

 

 

 

(in thousands)

 

Depreciation and amortization

 

$

24,037 

 

$

20,893 

 

Cost of sales

 

1,701 

 

2,137 

 

Interest expense

 

2,282 

 

1,912 

 

 

 

 

 

 

 

Total

 

$

28,020 

 

$

24,942 

 

 

 

 

 

 

 

 

 

 

Schedule of expected amortization of intangible assets

 

Expected amortization of our intangible assets, exclusive of assets that are not yet amortizable, is as follows (in thousands):

 

Year Ending March 31,

 

 

 

2016 (nine months)

 

$

82,671 

 

2017

 

104,093 

 

2018

 

100,114 

 

2019

 

90,904 

 

2020

 

84,246 

 

Thereafter

 

456,830 

 

 

 

 

 

Total

 

$

918,858