Goodwill and Intangible Assets

3 Months Ended

Jun. 30, 2019

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		CIS		BHVAC			Total
Goodwill, March 31, 2019	$	0.5	$	153.9	$	14.1		$	168.5
Effect of exchange rate changes		-		0.3		(0.3	)		-
Goodwill, June 30, 2019	$	0.5	$	154.2	$	13.8		$	168.5

Intangible assets consisted of the following:

	June 30, 2019							March 31, 2019
	Gross Carrying Value		Accumulated Amortization			Net Intangible Assets		Gross Carrying Value		Accumulated Amortization			Net Intangible Assets
Customer relationships	$	61.7	$	(10.1	)	$	51.6	$	61.5	$	(9.1	)	$	52.4
Trade names		58.9		(14.1	)		44.8		58.9		(13.5	)		45.4
Acquired technology		24.0		(6.0	)		18.0		23.9		(5.5	)		18.4
Total intangible assets	$	144.6	$	(30.2	)	$	114.4	$	144.3	$	(28.1	)	$	116.2

The Company recorded amortization expense of $2.2 million and $2.3 million for the three months ended June 30, 2019 and 2018, respectively. The Company estimates that it will record $6.7 million of amortization expense during the remainder of fiscal 2020 and approximately $8.0 million of annual amortization expense in fiscal 2021 through 2025.