HAWKINS INC Goodwill & Intangibles Disclosure
| (In thousands) | Water Treatment | Food and Health Sciences | Industrial Solutions | Total | ||||||||||
Balance as of March 31, 2024 | $ | 51,959 | $ | 46,149 | $ | 5,291 | $ | 103,399 | ||||||
| Addition due to acquisitions | 32,010 | — | — | 32,010 | ||||||||||
Balance as of March 30, 2025 | $ | 83,969 | $ | 46,149 | $ | 5,291 | $ | 135,409 | ||||||
| Addition due to acquisitions | 86,911 | 722 | — | 87,633 | ||||||||||
Balance as of March 29, 2026 | $ | 170,880 | $ | 46,871 | $ | 5,291 | $ | 223,042 | ||||||
| 2026 | ||||||||||||||||||||
| Gross Amount | Accumulated Amortization | Net Carrying Value | ||||||||||||||||||
| (In thousands) | ||||||||||||||||||||
| Finite-life intangible assets: | ||||||||||||||||||||
| Customer relationships | $ | 283,654 | $ | (75,216) | $ | 208,438 | ||||||||||||||
| Trademarks and trade names | 21,622 | (9,486) | 12,136 | |||||||||||||||||
| Other finite-life intangible assets | 16,526 | (5,440) | 11,086 | |||||||||||||||||
| Total finite-life intangible assets | 321,802 | (90,142) | 231,660 | |||||||||||||||||
| Indefinite-life intangible assets | 1,227 | — | 1,227 | |||||||||||||||||
| Total intangible assets | $ | 323,029 | $ | (90,142) | $ | 232,887 | ||||||||||||||
| 2025 | ||||||||||||||||||||
| Gross Amount | Accumulated Amortization | Net Carrying Value | ||||||||||||||||||
| (In thousands) | ||||||||||||||||||||
| Finite-life intangible assets: | ||||||||||||||||||||
| Customer relationships | $ | 198,364 | $ | (57,311) | $ | 141,053 | ||||||||||||||
| Trademarks and trade names | 14,970 | (7,368) | 7,602 | |||||||||||||||||
| Other finite-life intangible assets | 4,410 | (4,171) | 239 | |||||||||||||||||
| Total finite-life intangible assets | 217,744 | (68,850) | 148,894 | |||||||||||||||||
| Indefinite-life intangible assets | 1,227 | — | 1,227 | |||||||||||||||||
| Total intangible assets | $ | 218,971 | $ | (68,850) | $ | 150,121 | ||||||||||||||
| (In thousands) | Intangible Assets | |||||||
| Fiscal 2027 | $ | 21,625 | ||||||
| Fiscal 2028 | 21,017 | |||||||
| Fiscal 2029 | 20,994 | |||||||
| Fiscal 2030 | 20,973 | |||||||
| Fiscal 2031 | 20,936 | |||||||
| Thereafter | 126,115 | |||||||
| Total | $ | 231,660 | ||||||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | May 13, 2026 | Showing above |
| 2025 | May 14, 2025 | |
| 2024 | May 15, 2024 | |
| 2023 | May 17, 2023 | |
| 2022 | May 18, 2022 | |
| 2021 | Jun 2, 2021 | |
| 2020 | May 20, 2020 | |
| 2019 | May 23, 2019 | |
| 2018 | May 31, 2018 | |
| 2017 | Jun 1, 2017 | |
| 2016 | Jun 3, 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.