Goodwill and Intangible Assets (Tables)

6 Months Ended

12 Months Ended

Sep. 30, 2014

Mar. 31, 2014

The changes in the balance of goodwill during the six months ended September 30, 2014 were as follows (in thousands):

Beginning of period	$	1,107,006
Revisions to acquisition accounting (Note 4)	(21,614		)
Acquisitions (Note 4)	86,895
Disposal	(1,797		)
End of period	$	1,170,490

	Year Ended March 31,
	2014		2013		2012
	(in thousands)
Beginning of period, as retrospectively adjusted (Note 2)	$	555,220	$	167,245	$	8,568
Acquisitions	551,786		387,975		158,677
End of period, as retrospectively adjusted (Note 2)	$	1,107,006	$	555,220	$	167,245

	September 30,		March 31,
	2014		2014
	(in thousands)
Crude oil logistics	$	579,845	$	606,383
Water solutions	320,106		262,203
Liquids	91,135		90,135
Retail propane	114,285		114,285
Refined products and renewables	65,119		34,000
Total	$	1,170,490	$	1,107,006

		September 30, 2014				March 31, 2014
	Amortizable	Gross Carrying		Accumulated		Gross Carrying		Accumulated
	Lives	Amount		Amortization		Amount		Amortization
		(in thousands)
Amortizable —
Customer relationships (1)	3–20 years	$	761,992	$	119,439	$	697,405	$	83,261
Pipeline capacity rights	30 years	94,800		942		—		—
Water facility development agreement	5 years	14,000		3,500		14,000		2,100
Executory contracts and other agreements	5–10 years	23,920		16,367		23,920		13,190
Non-compete agreements	2–7 years	14,412		8,302		14,161		6,388
Trade names	2–10 years	14,539		5,197		15,489		3,081
Debt issuance costs	5–10 years	53,289		12,737		44,089		8,708
Total amortizable		976,952		166,484		809,064		116,728

Non-amortizable —
Trade names		27,620				22,620
Total		$	1,004,572	$	166,484	$	831,684	$	116,728

(1) The weighted-average remaining amortization period for customer relationship intangible assets is approximately 9 years.

		March 31, 2014				March 31, 2013
						Gross Carrying
	Amortizable	Gross Carrying		Accumulated		Amount		Accumulated
	Lives	Amount		Amortization		(Note 2)		Amortization
				(in thousands)
Amortizable -
Customer relationships (1)	3–20 years	$	697,405	$	83,261	$	405,160	$	30,959
Water facility development agreement	5 years	14,000		2,100		—		—
Lease and other agreements	5–8 years	23,920		13,190		15,210		7,018
Non-compete agreements	2–7 years	14,161		6,388		11,509		2,871
Trade names	1–10 years	15,489		3,081		2,784		326
Debt issuance costs	5–10 years	44,089		8,708		19,494		2,981
Total amortizable		809,064		116,728		454,157		44,155

Non-amortizable -
Trade names		22,620				31,430
Total		$	831,684	$	116,728	$	485,587	$	44,155

(1) The weighted-average remaining amortization period for customer relationship intangible assets is approximately nine years.

	Three Months Ended				Six Months Ended
	September 30,				September 30,
Recorded In	2014		2013		2014		2013
	(in thousands)
Depreciation and amortization	$	21,711	$	11,324	$	42,604	$	20,600
Cost of sales	1,984		949		4,121		1,574
Interest expense	2,117		1,065		4,029		2,462
Total	$	25,812	$	13,338	$	50,754	$	24,636

	Year Ended March 31,
Recorded in	2014		2013		2012
	(in thousands)
Depreciation and amortization	$	60,855	$	29,657	$	4,538
Cost of sales	6,172		5,285		800
Interest expense	5,727		3,375		1,277
Loss on early extinguishment of debt	—		5,769		—
	$	72,754	$	44,086	$	6,615

Expected amortization of our intangible assets is as follows (in thousands):

Expected amortization of our intangible assets is as follows (in thousands):