Goodwill and Intangible Assets (Tables)
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12 Months Ended |
Mar. 31, 2026 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill |
A summary of changes in goodwill during the years ended March 31, 2026 and 2025 is as follows: | | | | | | | | | | | | | | | | | | | | 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 | |
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| Schedule of Indefinite-Lived Intangible Assets |
Identifiable intangible assets at March 31, 2026 include the assets acquired in the Kito Crosby Acquisition as disclosed in Note 3. They are summarized as follows (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | 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 | |
Identifiable intangible assets at March 31, 2025 were as follows (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | 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 | |
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| Schedule of Finite-Lived Intangible Assets |
Identifiable intangible assets at March 31, 2026 include the assets acquired in the Kito Crosby Acquisition as disclosed in Note 3. They are summarized as follows (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | 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 | |
Identifiable intangible assets at March 31, 2025 were as follows (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | 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 | |
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