XML 31 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Intangible Assets
 9 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets
Note 13: Goodwill and Intangible Assets

Changes in the carrying amount of goodwill were as follows:

  
VTS
  
Building
HVAC
  
CIS
  
Total
 
Goodwill, March 31, 2018
 
$
0.5
  
$
15.0
  
$
158.3
  
$
173.8
 
Effect of exchange rate changes
  
-
   
(1.2
)
  
(3.6
)
  
(4.8
)
Goodwill, December 31, 2018
 
$
0.5
  
$
13.8
  
$
154.7
  
$
169.0
 

Intangible assets consisted of the following:

  
December 31, 2018
  
March 31, 2018
 
  
Gross
Carrying
Value
  
Accumulated
Amortization
  
Net
Intangible
Assets
  
Gross
Carrying
Value
  
Accumulated
Amortization
  
Net
Intangible
Assets
 
 
 
Customer relationships
 
$
62.1
  
$
(8.3
)
 
$
53.8
  
$
64.2
  
$
(5.7
)
 
$
58.5
 
Trade names
  
59.1
   
(12.6
)
  
46.5
   
60.6
   
(10.8
)
  
49.8
 
Acquired technology
  
24.2
   
(5.0
)
  
19.2
   
25.2
   
(3.6
)
  
21.6
 
Total intangible assets
 
$
145.4
  
$
(25.9
)
 
$
119.5
  
$
150.0
  
$
(20.1
)
 
$
129.9
 

The Company recorded amortization expense of $2.2 million and $2.5 million for the three months ended December 31, 2018 and 2017, respectively. The Company recorded amortization expense of $6.8 million and $7.3 million for the nine months ended December 31, 2018 and 2017, respectively. The Company estimates that it will record $2.3 million of amortization expense during the remainder of fiscal 2019, $9.0 million of amortization expense in fiscal 2020 and approximately $8.0 million of annual amortization expense in fiscal 2021 through 2024.