v3.26.1
Intangible Assets
12 Months Ended
Mar. 31, 2026
Intangible Assets.  
Intangible Assets

Note 13:  Intangible Assets

Intangible assets consisted of the following:

March 31, 2026

March 31, 2025

  ​ ​ ​

Gross

  ​ ​ ​

  ​ ​ ​

Net

  ​ ​ ​

Gross

  ​ ​ ​

  ​

  ​ ​ ​

Net

Carrying

Accumulated

Intangible

Carrying

Accumulated

Intangible

Value

Amortization

Assets

Value

Amortization

Assets

Customer relationships

$

198.2

$

(63.1)

$

135.1

$

145.4

$

(47.5)

$

97.9

Trade names

 

69.7

 

(25.2)

 

44.5

 

53.1

 

(21.2)

 

31.9

Acquired technology

 

36.8

 

(19.4)

 

17.4

 

32.6

 

(15.7)

 

16.9

Total intangible assets

$

304.7

$

(107.7)

$

197.0

$

231.1

$

(84.4)

$

146.7

In connection with its acquisitions of three businesses during fiscal 2026, the Company recorded customer relationship, trade name, and acquired technology intangible assets totaling $48.1 million, $15.7 million, and $3.5 million, respectively. See Note 2 for additional information.

The Company recorded $21.0 million, $27.4 million, and $9.2 million of amortization expense during fiscal 2026, 2025 and 2024, respectively. The Company estimates that it will record approximately $21.0 million, $21.0 million, $20.0 million, $19.0 million, and $19.0 million of annual amortization expense in fiscal 2027 through 2031, respectively.