The Company has four and three reporting units as of March 31, 2026 and March 31, 2025, respectively. The Linear Motion Products reporting unit (which designs, manufactures, and sources mechanical and electromechanical actuators and rotary unions) had goodwill of $9,699,000 at March 31, 2026 and 2025, respectively. The Rest of Products reporting unit (representing the hoist, chain, and forgings, digital power control systems, and distribution businesses) had goodwill of $265,708,000 and $305,110,000 at March 31, 2026 and 2025, respectively. The Precision Conveyance reporting unit (which represents high-precision conveying systems) had goodwill of $201,359,000 and $395,998,000 at March 31, 2026 and March 31, 2025, respectively. In February of fiscal 2026, the Company completed its acquisition of Kito Crosby as described in Note 3. The goodwill from the acquisition has been preliminarily calculated to be $931,874,000 at March 31, 2026. Given its proximity to the Company's goodwill measurement date of February 28, 2026, the Company has separately evaluated the goodwill of Kito Crosby as part of its opening balance sheet procedures and performed a qualitative assessment as of the annual assessment date. In fiscal 2027 the Company will reassess its reporting units as the integration of Kito Crosby progresses.

The Company may first elect to perform a qualitative evaluation to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The qualitative assessment considers, among other factors, macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, changes in management or strategy, and other entity specific events. If, based on the qualitative assessment, the Company determines that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, or if the Company elects to

bypass the qualitative assessment, the Company performs a quantitative impairment test. The quantitative test compares the estimated fair value of our reporting units with the carrying amount, including goodwill. The Company recognizes an impairment charge for the amount by which the reporting unit’s carrying amount exceeds its fair value. To perform the quantitative impairment test, the Company uses the discounted cash flow method to estimate the fair value of the reporting units. The discounted cash flow method incorporates various assumptions, the most significant being projected revenue growth rates, EBITDA margins and cash flows, the terminal growth rate, and the discount rate. The Company projects discounted cash flows based on each reporting unit's current business, expected developments, and operational strategies over a seven-year period. In estimating the terminal growth rates, the Company considers its historical and projected results, as well as the economic environment in which its reporting units operate. The discount rate utilized for each reporting unit reflects the Company's assumptions of a marketplace participant's cost of capital and risk assumptions, both specific to the reporting unit and overall in the economy.

For its annual goodwill impairment test, the Company elected to bypass the qualitative assessment and performed a quantitative impairment test for its Linear Motion, Rest of Products, and Precision Conveyance reporting units, comparing the carrying amount of each reporting unit with its estimated fair value. While the individual reporting units initially had fair values in excess of their book value, the reduction in the Company's stock price and market capitalization resulted in the aggregate equity value of the combined company exceeding its market capitalization at its annual measurement date. The Company reevaluated the fair value of its reporting units and this resulted in a partial impairment of the goodwill in the amount of $200,000,000 for the Precision Conveyance reporting unit.

In accordance with ASC 350, indefinite-lived intangible assets that are not subject to amortization shall be tested for impairment annually or more frequently if events or circumstances indicate that it is more likely than not that an asset is impaired. Similar to goodwill, the Company may first elect to perform a qualitative evaluation to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, based on the qualitative assessment, the Company determines that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, or if the Company elects to bypass the qualitative assessment, the Company performs a quantitative impairment test. For its annual impairment test, the Company elected to bypass the qualitative assessment and performed a quantitative impairment test. The methodology used to quantitatively value trademarks is the relief from royalty method. The recorded book value of these trademarks in excess of the calculated fair value triggers an impairment. The key estimate used in this calculation consists of an overall royalty rate applied to the sales covered by the trademark. After performing a quantitative assessment as of February 28, 2026, we determined that the trademarks were not impaired.

During the year ended March 31, 2026, the Company completed the divestiture of its U.S. Power Chain Hoist and Chain Manufacturing Operations. In accordance with ASC 350, the Company allocated $51,252,000 of goodwill to the divestiture based on the relative fair values of the divested businesses to the Rest of Products reporting unit as of the measurement date. The allocated goodwill was derecognized upon closing and was included in the determination of the gain on the sale. No goodwill impairment was recognized prior to the divestiture. Additional information regarding this transaction is provided within Note 3.









Balance at April 1, 2024	$	710,334

Currency translation	$	473
Balance at March 31, 2025	710,807
Acquisition of Kito Crosby (Refer to Note 3)	931,874
Impairment of Precision Conveyance Reporting Unit	(200,000)
Divestiture of U.S. Power Chain Hoist and Chain Manufacturing Operations (Refer to Note 3)	(51,252)
Currency translation	17,211
Balance at March 31, 2026	$	1,408,640


	Gross Carrying Amount		Accumulated Amortization		Net
Trademark	$	142,191	$	(12,444)	$	129,747
Indefinite-lived trademark	47,554		—		47,554
Customer relationships	1,538,349		(170,641)		1,367,708
Acquired technology	113,797		(50,132)		63,665
Other	3,646		(2,658)		988
Balance at March 31, 2026	$	1,845,537	$	(235,875)	$	1,609,662


	Gross Carrying Amount		Accumulated Amortization		Net
Trademark	$	22,770	$	(9,600)	$	13,170
Indefinite-lived trademark	46,294		—		46,294
Customer relationships	355,845		(129,466)		226,379
Acquired technology	112,507		(42,580)		69,927
Other	3,868		(3,076)		792
Balance at March 31, 2025	$	541,284	$	(184,722)	$	356,562

The Company’s intangible assets that are considered to have finite lives are amortized over the period in which the assets are expected to generate future cash flows. Identifiable intangible assets acquired in a business combination are amortized over their estimated useful lives. The weighted-average amortization periods are 13 years for trademarks, 14 years for customer relationships, 16 years for acquired technology, 7 years for other, and 14 years in total. Trademarks with a book value of $47,554,000 have an indefinite useful life and are therefore not being amortized.

Total amortization expense was $48,757,000, $29,946,000, and $29,396,000 for fiscal 2026, 2025, and 2024, respectively. The increase in amortization expense in fiscal 2026 is the result of the Kito Crosby Acquisition and related intangible assets acquired. Based on the current amount of intangible assets, the estimated amortization expense for each of the succeeding five years is expected to be approximately $140,000,000.