
	March 31,
	2026						2025
	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Indefinite-lived intangible assets:
Trademarks	$	128,986	$	(953)	$	128,033	$	129,210	$	(953)	$	128,257
Finite-lived intangible assets:
Customer relationships	357,730		(191,394)		166,336		356,800		(168,932)		187,868
Non-compete	2,825		(2,825)		—		2,825		(2,825)		—
Technology	119,763		(74,966)		44,797		119,645		(65,160)		54,485
Trademarks	14,901		(11,169)		3,732		14,815		(9,995)		4,820
Licenses	1,196		(1,196)		—		1,196		(1,196)		—
Total	$	625,401	$	(282,503)	$	342,898	$	624,491	$	(249,061)	$	375,430

The Company’s amortization expense related to finite-lived intangible assets was $33,442, $31,805, and $27,993, for the years ended March 31, 2026, 2025 and 2024, respectively. The expected amortization expense based on the finite-lived intangible assets as of March 31, 2026, is $32,614 in fiscal 2027, $32,120 in fiscal 2028, $30,213 in fiscal 2029, $25,221 in fiscal 2030 and $23,675 in fiscal 2031.


	Energy Systems		Motive Power		Specialty		Total










Balance at March 31, 2024	$	259,011	$	326,718	$	97,205	$	682,934
Acquisitions	—		—		50,821		50,821

Foreign currency translation adjustment	(13,264)		328		254		(12,682)
Balance at March 31, 2025	$	245,747	$	327,046	$	148,280	$	721,073
Acquisitions	—		—		16,236		16,236
Foreign currency translation adjustment	9,975		3,972		1,168		15,115
Balance at March 31, 2026	$	255,722	$	331,018	$	165,684	$	752,424

Goodwill is tested annually for impairment during the fourth quarter or earlier upon the occurrence of certain events or substantive changes in circumstances that indicate goodwill is more likely than not impaired. The Company did not record any impairment relating to its goodwill during fiscal 2026, 2025, and 2024.

During fiscal year 2026, there were $402 non-cash charges related to impairment of indefinite-lived trademarks under the caption “Impairment of indefinite-lived intangibles” in the Consolidated Statements of Income. During the fiscal year 2024, the Company recorded non-cash charges of $13,619, related to impairment of indefinite-lived trademarks under the caption “Impairment of indefinite-lived intangibles” in the Consolidated Statements of Income. Management completed its evaluation of key inputs used to estimate the fair value of its indefinite-lived trademarks and determined that an impairment charge was appropriate.