Goodwill and Intangible Assets

3 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

Note 14: Goodwill and Intangible Assets

Changes in the carrying amount of goodwill were as follows:

	BHVAC		CIS		Total
Goodwill, March 31, 2021	$	14.8	$	155.9	$	170.7
Effect of exchange rate changes		-		0.7		0.7
Goodwill, June 30, 2021	$	14.8	$	156.6	$	171.4

Intangible assets consisted of the following:

	June 30, 2021							March 31, 2021
	Gross Carrying Value		Accumulated Amortization			Net Intangible Assets		Gross Carrying Value		Accumulated Amortization			Net Intangible Assets
Customer relationships	$	63.1	$	(17.9	)	$	45.2	$	62.8	$	(16.9	)	$	45.9
Trade names		51.7		(12.1	)		39.6		51.5		(11.4	)		40.1
Acquired technology		24.0		(9.8	)		14.2		23.9		(9.3	)		14.6
Total intangible assets	$	138.8	$	(39.8	)	$	99.0	$	138.2	$	(37.6	)	$	100.6

The Company recorded amortization expense of $2.1 million for each of the three months ended June 30, 2021 and 2020.  The Company estimates that it will record $6.4 million of amortization expense during the remainder of fiscal 2022 and approximately $8.0 million of annual amortization expense in fiscal 2023 through 2027.