EnerSys
For the period ended Sep 29, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 29, 2024 · Filed Nov 6, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Goodwill and Other Intangible Assets
- Goodwill and Other Intangible Assets
Other Intangible Assets
Information regarding the Company’s other intangible assets are as follows:
| Balance as of | ||||||
|---|---|---|---|---|---|---|
| September 29, 2024 | March 31, 2024 | |||||
| Gross Amount | Accumulated Amortization | Net Amount | Gross Amount | Accumulated Amortization | Net Amount | |
| Indefinite-lived intangible assets: | ||||||
| Trademarks | $130,262 | $(953) | $129,309 | $131,167 | $(953) | $130,214 |
| Finite-lived intangible assets: | ||||||
| Customer relationships | 358,616 | (157,647) | 200,969 | 295,215 | (147,833) | 147,382 |
| Non-compete | 2,825 | (2,825) | — | 2,825 | (2,825) | — |
| Technology | 119,914 | (60,254) | 59,660 | 96,708 | (55,969) | 40,739 |
| Trademarks | 14,894 | (9,421) | 5,473 | 9,554 | (8,482) | 1,072 |
| Licenses | 1,196 | (1,196) | — | 1,196 | (1,196) | — |
| Total | $627,707 | $(232,296) | $395,411 | $536,665 | $(217,258) | $319,407 |
The Company’s amortization expense related to finite-lived intangible assets was $8,152 and $15,038 for the second quarterandsix months of fiscal 2025, compared to $7,152 and $14,181 for the second quarterandsix months of fiscal 2024. The expected amortization expense based on the finite-lived intangible assets as of September 29, 2024, is $15,280 for the remainder of fiscal 2025, $33,133 in fiscal 2026, $32,331 in fiscal 2027, $31,767 in fiscal 2028 and $29,938 in fiscal 2029.
Goodwill
The following table presents the amount of goodwill, as well as any changes in the carrying amount of goodwill by segment during the six months of fiscal 2025:
| Energy Systems · Motive Power · Specialty · Total | ||||||
|---|---|---|---|---|---|---|
| Balance at March 31, 2024 | $259,369 | $326,359 | $97,206 | $682,934 | ||
| Acquisitions during the year | 50,308 | 50,308 | ||||
| Foreign currency translation adjustment | 1,648 | 2,868 | 845 | 5,361 | ||
| Balance as of September 29, 2024 | $261,017 | $329,227 | $148,359 | $738,603 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.