Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.24.0.1
Intangible Assets (Tables)
 9 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible assets

Intangible assets are comprised of the following:

 

 

Weighted Average Amortization Period

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

At December 31, 2023

 

 

 

 

 

 

 

 

 

 

Intangibles subject to amortization:

 

 

 

 

 

 

 

 

 

 

Customer relationships

8 - 20 years

 

$

16,200

 

 

$

1,616

 

 

$

14,584

 

Technology and technical know-how

10 - 20 years

 

 

12,600

 

 

 

1,346

 

 

 

11,254

 

Backlog

4 years

 

 

3,900

 

 

 

3,505

 

 

 

395

 

Tradename

3 years

 

 

300

 

 

 

17

 

 

 

283

 

 

 

 

$

33,000

 

 

$

6,484

 

 

$

26,516

 

 

 

 

 

 

 

 

 

 

 

 

Intangibles not subject to amortization:

 

 

 

 

 

 

 

 

 

 

Tradename

Indefinite

 

$

6,700

 

 

$

—

 

 

$

6,700

 

 

 

 

$

6,700

 

 

$

—

 

 

$

6,700

 
Schedule of Estimated Annual Amortization Expense The estimated annual amortization expense by fiscal year is as follows:

 

 

 

Annual Amortization

 

Remainder of 2024

 

$

671

 

2025

 

 

2,217

 

2026

 

 

1,995

 

2027

 

 

1,953

 

2028

 

 

1,895

 

2029 and thereafter

 

 

17,785

 

Total intangible amortization

 

$

26,516