Goodwill and Intangible Assets

12 Months Ended

Mar. 31, 2024

Goodwill and Other Identifiable Intangible Assets

The carrying amount of goodwill for each of our three reportable segments were as follows:


(In thousands)	Industrial		Water Treatment		Health and Nutrition		Total


Balance as of April 3, 2022 and April 2, 2023	$	6,495	$	25,961	$	44,945	$	77,401
Addition due to acquisitions	—		25,998		—		25,998
Balance as of March 31, 2024	$	6,495	$	51,959	$	44,945	$	103,399

The following is a summary of our identifiable intangible assets as of March 31, 2024 and April 2, 2023:


	2024
	Gross Amount		Accumulated Amortization		Net carrying value
(In thousands)
Finite-life intangible assets:
Customer relationships	$	153,694	$	(46,146)	$	107,548
Trademarks and trade names	13,570		(5,968)		7,602
Other finite-life intangible assets	4,221		(3,972)		249
Total finite-life intangible assets	171,485		(56,086)		115,399
Indefinite-life intangible assets	1,227		—		1,227
Total intangible assets, net	$	172,712	$	(56,086)	$	116,626


	2023
	Gross Amount		Accumulated Amortization		Net carrying value
(In thousands)
Finite-life intangible assets:
Customer relationships	$	109,107	$	(38,377)	$	70,730
Trademarks and trade names	6,370		(5,267)		1,103
Other finite-life intangible assets	3,904		(3,904)		—
Total finite-life intangible assets	119,381		(47,548)		71,833
Indefinite-life intangible assets	1,227		—		1,227
Total intangible assets, net	$	120,608	$	(47,548)	$	73,060

Intangible asset amortization expense was $8.5 million during fiscal 2024, $6.9 million during fiscal 2023, and $6.5 million during fiscal 2022.

The estimated future amortization expense for identifiable intangible assets is as follows: