v3.26.1
Goodwill and Other Intangible Assets
 12 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
The carrying amount of goodwill for all reporting segments as of March 31, 2026, 2025 and 2024 is as follows:
US-LAMCanadaEMEAAPACTotal
Balance as of March 31, 2024$133,095 $112,846 $18,532 $6,313 $270,786 
Goodwill acquired(1)
(2,065)— 2,179 — 114 
Foreign currency translation impact — (6,369)6 (206)(6,569)
Balance as of March 31, 2025$131,030 $106,477 $20,717 $6,107 $264,331 
Goodwill acquired(1)
— — 268 — 268 
Foreign currency translation impact— 3,229 1,301 (88)4,442 
Balance as of March 31, 2026$131,030 $109,706 $22,286 $6,019 $269,041 
(1) - Refer to Note 2, "Acquisition" for more information.
    Our total intangible assets at March 31, 2026, and 2025 consisted of the following:
Gross Carrying Amount at March 31, 2026Accumulated AmortizationNet Carrying Amount at March 31, 2026Gross Carrying Amount at March 31, 2025Accumulated AmortizationNet Carrying Amount at March 31, 2025
Products$59,794 $(50,327)$9,467 $58,034 $(43,042)$14,992 
Trademarks54,717 (5,092)49,625 53,882 (3,838)50,044 
Developed technology30,284 (10,993)19,291 29,982 (9,010)20,972 
Customer relationships137,606 (113,057)24,549 135,679 (107,380)28,299 
Certifications429 — 429 421 — 421 
Other1,280 (981)299 1,280 (725)555 
Total$284,110 $(180,450)$103,660 $279,278 $(163,995)$115,283 
Products intangible assets have an estimated useful life of 10 years. Some trademarks and certifications have indefinite lives and some have useful lives of 5 years to 10 years. Developed technology has estimated useful lives of 15 years to 20 years. Customer relationships intangibles have useful lives of 2 years to 17 years. The other category of intangibles has an estimated useful life of 5 years. The weighted average useful life for the definite-lived intangibles is 13 years.
Intangible assets held in non-U.S. entities are valued in foreign currencies; accordingly, changes in indefinite life intangible assets, such as certifications, at March 31, 2026 and 2025 were the result of foreign currency translation adjustments. Foreign currency translation adjustments also impacted finite life intangible assets held in non-U.S. entities.
The Company recorded amortization expense of $13,428, $13,681, and $10,158 in fiscal 2026, 2025 and 2024, respectively for intangible assets. Annual amortization of intangible assets for the next five fiscal years and thereafter will approximate the following:
2027$11,716 
20289,011 
20295,480 
20305,364 
20314,965 
Thereafter25,653 
Total$62,189