Goodwill and Other Intangible Assets, Net

3 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

The following summarizes the changes in the Company's goodwill and other intangible assets, net:


	Three Months Ended June 30, 2020
	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	8.45 years	$	63,980	$	—	$	(34,054)	$	—	$	29,926
Production and supply contracts ⁽²⁾	2.75 years	7,000		—		(3,354)		—		3,646
Internally developed software	3.60 years	22,385		—		(19,427)		17		2,975
Licenses ⁽³⁾	16.75 years	30,886		—		(3,754)		919		28,051
Trade names	5.75 years	500		—		(141)		—		359
Intangibles not subject to amortization:
Goodwill ⁽⁴⁾		—		6,120		—		—		6,120
Total		$	124,751	$	6,120	$	(60,730)	$	936	$	71,077

(1) Amortization expense across intangible asset classes for the three months ended June 30, 2020 was $1,839.

(2) Production and supply contract with a gross carrying amount of $7,893 was fully amortized and removed during the year ended March 31, 2020.

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

(4) Goodwill of $6,120 relates to the Other Products and Services segment.


	Year Ended March 31, 2020
	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	8.66 years	$	63,980	$	—	$	(33,049)	$	—	$	30,931
Production and supply contracts	3.00 years	14,893		—		(11,217)		—		3,676
Internally developed software	3.96 years	19,917		2,468		(19,082)		—		3,303
Licenses ⁽²⁾	16.95 years	33,330		195		(3,310)		(2,551)		27,664
Trade names	6.00 years	500		—		(126)		—		374


Total		$	132,620	$	2,663	$	(66,784)	$	(2,551)	$	65,948

(1) Amortization expense across intangible asset classes for the fiscal year ended March 31, 2020 was $6,991.

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

The following summarizes the estimated intangible asset amortization expense for the next five years and beyond:


For Fiscal Years Ended	Customer Relationships		Production and Supply Contracts		Internally Developed Software⁽¹⁾		Licenses		Trade Names		Total
2021 (excluding the three months ended June 30, 2020)	$	3,016	$	841	$	579	$	1,347	$	47	$	5,830
2022	4,022		1,397		851		1,793		63		8,126
2023	4,022		1,397		768		1,790		63		8,040
2024	4,022		11		520		1,790		63		6,406
2025	4,022		—		257		1,735		63		6,077
Thereafter	10,822		—		—		19,596		60		30,478
	$	29,926	$	3,646	$	2,975	$	28,051	$	359	$	64,957

(1) Estimated amortization expense for the internally developed software is based on costs accumulated as of June 30, 2020. These estimates will change as new costs are incurred and until the software is placed into service in all locations.