Goodwill and Intangibles

9 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

The following summarizes the changes in goodwill and other intangible assets:


	Nine Months Ended December 31, 2019
	Weighted Average Remaining Useful Life	Beginning Gross Carrying Amount		Additions		Accumulated Amortization ⁽¹⁾		Impact of Foreign Currency Translation		Ending Intangible Assets, Net
Intangibles subject to amortization:
Customer relationships	8.88 years	$	63,980	$	—	$	(32,043)	$	—	$	31,937
Production and supply contracts	2.25 years	14,893		—		(11,210)		—		3,683
Internally developed software	3.27 years	19,917		243		(18,807)		—		1,353
Licenses ⁽²⁾	17.26 years	32,284		118		(3,010)		648		30,040
Trade names	6.25 years	500		—		(109)		—		391
Intangibles not subject to amortization:
Goodwill		34,336		—		—		234		34,570
Total		$	165,910	$	361	$	(65,179)	$	882	$	101,974

(1) Amortization expense across intangible asset classes for the nine months ended December 31, 2019 was $5,386.

(2) Certain of the Company's license intangibles are subject to annual renewal.


	Twelve Months Ended March 31, 2019
	Weighted Average Remaining Useful Life	Beginning Gross Carrying Amount		Additions ⁽¹⁾		Accumulated Amortization ⁽²⁾		Impact of Foreign Currency Translation		Ending Intangible Assets, Net
Intangibles subject to amortization:
Customer relationships	9.55 years	$	58,530	$	5,450	$	(29,027)	$	—	$	34,953
Production and supply contracts	2.93 years	14,893		—		(10,668)		—		4,225
Internally developed software	3.79 years	18,812		1,105		(18,391)		—		1,526
Licenses ⁽³⁾	18.08 years	30,339		2,991		(1,644)		(1,046)		30,640
Trade names	7.00 years	—		500		(63)		—		437
Intangibles not subject to amortization:
Goodwill ⁽⁴⁾		27,546		7,174		—		(384)		34,336
Total		$	150,120	$	17,220	$	(59,793)	$	(1,430)	$	106,117

(1) Additions to goodwill, customer relationships, and trade names relate to the acquisition of Humble Juice Co., LLC ("Humble Juice"). Additions to licenses relates to Canada's Island Garden ("Figr East"), Figr Norfolk, and Alliance One Specialty Products, LLC.

(2) Amortization expense across intangible asset classes for the fiscal year ended March 31, 2019 was $7,943.

(3) Certain of the Company's license intangibles are subject to annual renewal.

(4) Goodwill activity relates to the Other Products and Services segment.

The following summarizes the estimated future intangible asset amortization expense:


For Fiscal Years Ended	Customer Relationships		Production and Supply Contracts		Internally Developed Software⁽¹⁾		Licenses		Trade Names		Total
2020 (excluding the nine months ended December 31, 2019)	$	1,005	$	1,674	$	137	$	462	$	16	$	3,294
2021	4,022		1,397		435		1,847		63		7,764
2022	4,022		612		361		1,845		63		6,903
2023	4,022		—		290		1,841		63		6,216
2024	4,022		—		130		1,841		63		6,056
Thereafter	14,844		—		—		22,204		123		37,171
	$	31,937	$	3,683	$	1,353	$	30,040	$	391	$	67,404

(1) Estimated amortization expense for the internally developed software is based on costs accumulated as of December 31, 2019. These estimates will change as new costs are incurred and until the software is placed into service in all locations.