Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Impairments

Goodwill and Other Impairments
12 Months Ended
Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Impairments

Note 6– Goodwill and Other Impairments:


Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives.  Intangible amortization expense was $0, $0 and $180 in fiscal 2021, fiscal 2020 and fiscal 2019, respectively.   

As disclosed in Note 3, in fiscal 2019, the Company's Board of Directors approved a plan to sell Energy Steel.  As a result, an impairment loss totaling $6,449 was recorded related to the disposition of Energy Steel which included impairment losses of $1,700, $2,000, $1,208, $1,222 and $319 for permits, tradename, customer relationships, goodwill and other long-lived assets, respectively.  In fiscal 2020, the Company completed the sale of Energy Steel.