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GOODWILL AND INTANGIBLE ASSETS
12 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
During the three months ended June 30, 2021, we revised our segment structure creating three reportable segments: Contractor Solutions, Specialized Reliability Solutions and Engineered Building Solutions. As part of our segment realignment, we changed our reporting units and reallocated existing goodwill to each of the new reportable segments and associated reporting units, based on management's estimate of the relative fair value of each reporting unit. The result of this reallocation of goodwill has been recast, by reportable segment, as of March 31, 2021.

The changes in the carrying amount of goodwill for the years ended March 31, 2024 and 2023 were as follows (in thousands):

Contractor SolutionsSpecialized Reliability SolutionsEngineered Building SolutionsTotal
Balance at April 1, 2022$190,152 $9,499 $25,007 $224,658 
Falcon acquisition17,417 — — 17,417 
CG and ACG acquisitions1,686 — — 1,686 
Shoemaker acquisition— — 
Currency translation(101)(221)(705)(1,027)
Balance at March 31, 2023$209,160 $9,278 $24,302 $242,740 
Dust Free acquisition3,951 — — 3,951 
Falcon acquisition85 — — 85 
CG and ACG acquisitions107 — — 107 
Other acquisitions261 — — 261 
Currency translation(20)80 (13)47 
Balance at March 31, 2024$213,544 $9,358 $24,289 $247,191 
The following table provides information about our intangible assets for the years ended March 31, 2024 and 2023 (in thousands, except years):

March 31, 2024March 31, 2023
Wtd Avg Life (Years)Gross AmountAccumulated AmortizationGross AmountAccumulated Amortization
Finite-lived intangible assets:
Patents11$15,084 $(9,306)$13,608 $(8,546)
Customer lists and amortized trademarks14346,136 (103,407)324,472 (81,901)
Non-compete agreements61,000 (453)950 (272)
Other106,275 (2,649)6,377 (2,235)
$368,495 $(115,815)$345,407 $(92,954)
Trade names and trademarks not being amortized (a):$66,139 $— $66,450 $— 
(a) In the fiscal quarter ended March 31, 2024, we recorded a $1.5 million impairment relating to a trademark, included in selling, general and administrative expenses, for our Contractor Solutions segment.

Amortization expense for the years ended March 31, 2024, 2023 and 2022 was $22.9 million, $22.1 million and $24.8 million (including the amortization of inventory purchase accounting adjustment of $3.9 million) respectively. The following table presents the estimated future amortization of finite-lived intangible assets for the next five fiscal years ending March 31 (in thousands):

2025$23,412 
202623,015 
202721,937 
202821,537 
202921,460 
Thereafter141,319 
Total$252,680