Goodwill and Intangible Assets

9 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets [Abstract]

Note 12: Goodwill and Intangible Assets

Changes in the carrying amount of goodwill during the first nine months of fiscal 2013 were as follows:

			South			Commercial
	Asia		America			Products		Total

Goodwill, March 31, 2012	$	0.5	$	13.5		$	15.9	$	29.9
Acquisition		-		-			0.8		0.8
Fluctuations in foreign currency		-		(1.5	)		0.3		(1.2	)
Goodwill, December 31, 2012	$	0.5	$	12.0		$	17.0	$	29.5

Intangible assets consisted of the following:

	December 31, 2012							March 31, 2012
	Gross					Net		Gross					Net
	Carrying		Accumulated			Intangible		Carrying		Accumulated			Intangible
	Value		Amortization			Assets		Value		Amortization			Assets

Tradenames	$	10.0	$	(4.7	)	$	5.3	$	10.4	$	(4.6	)	$	5.8
Acquired technology		3.5		(0.1	)		3.4		-		-			-
Total intangible assets	$	13.5	$	(4.8	)	$	8.7	$	10.4	$	(4.6	)	$	5.8

Amortization expense for the three months ended December 31, 2012 and 2011 was $0.2 and $0.1, respectively, and for each of the nine months ended December 31, 2012 and 2011 was $0.5. Estimated future amortization expense is as follows:

	Estimated
Fiscal	Amortization
Year	Expense

Remainder of 2013	$	0.2
2014		0.8
2015		1.1
2016		1.2
2017		1.3
2018 & Beyond		4.1

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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