EnerSys Goodwill & Intangibles Disclosure
| March 31, | ||||||||||||||||||||||||||||||||||||||
| 2026 | 2025 | |||||||||||||||||||||||||||||||||||||
| Gross Amount | Accumulated Amortization | Net Amount | Gross Amount | Accumulated Amortization | Net Amount | |||||||||||||||||||||||||||||||||
| Indefinite-lived intangible assets: | ||||||||||||||||||||||||||||||||||||||
| Trademarks | $ | 128,986 | $ | (953) | $ | 128,033 | $ | 129,210 | $ | (953) | $ | 128,257 | ||||||||||||||||||||||||||
| Finite-lived intangible assets: | ||||||||||||||||||||||||||||||||||||||
| Customer relationships | 357,730 | (191,394) | 166,336 | 356,800 | (168,932) | 187,868 | ||||||||||||||||||||||||||||||||
| Non-compete | 2,825 | (2,825) | — | 2,825 | (2,825) | — | ||||||||||||||||||||||||||||||||
| Technology | 119,763 | (74,966) | 44,797 | 119,645 | (65,160) | 54,485 | ||||||||||||||||||||||||||||||||
| Trademarks | 14,901 | (11,169) | 3,732 | 14,815 | (9,995) | 4,820 | ||||||||||||||||||||||||||||||||
| Licenses | 1,196 | (1,196) | — | 1,196 | (1,196) | — | ||||||||||||||||||||||||||||||||
| Total | $ | 625,401 | $ | (282,503) | $ | 342,898 | $ | 624,491 | $ | (249,061) | $ | 375,430 | ||||||||||||||||||||||||||
| Energy Systems | Motive Power | Specialty | Total | |||||||||||||||||||||||
| Balance at March 31, 2024 | $ | 259,011 | $ | 326,718 | $ | 97,205 | $ | 682,934 | ||||||||||||||||||
| Acquisitions | — | — | 50,821 | 50,821 | ||||||||||||||||||||||
| Foreign currency translation adjustment | (13,264) | 328 | 254 | (12,682) | ||||||||||||||||||||||
| Balance at March 31, 2025 | $ | 245,747 | $ | 327,046 | $ | 148,280 | $ | 721,073 | ||||||||||||||||||
| Acquisitions | — | — | 16,236 | 16,236 | ||||||||||||||||||||||
| Foreign currency translation adjustment | 9,975 | 3,972 | 1,168 | 15,115 | ||||||||||||||||||||||
| Balance at March 31, 2026 | $ | 255,722 | $ | 331,018 | $ | 165,684 | $ | 752,424 | ||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | May 20, 2026 | Showing above |
| 2025 | May 21, 2025 | |
| 2024 | May 22, 2024 | |
| 2023 | May 24, 2023 | |
| 2022 | May 25, 2022 | |
| 2021 | May 26, 2021 | |
| 2020 | Jun 1, 2020 | |
| 2019 | May 29, 2019 | |
| 2018 | May 30, 2018 | |
| 2017 | May 30, 2017 | |
| 2016 | May 31, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.