Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.23.3
INTANGIBLE ASSETS
 6 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
      September 2023 March 2023
(In thousands) Weighted
Average
Amortization
Period		 Amortization
Method		 Cost Accumulated
Amortization		 Net
Carrying
Amount		 Net
Carrying
Amount
Amortizable intangible assets:
Customer relationships and other 19 years Accelerated $ 260,142  $ 178,878  $ 81,264  $ 88,902 
Indefinite-lived intangible assets:
Trademarks and trade names 2,549,531  2,553,919 
Intangible assets, net $ 2,630,795  $ 2,642,821 
Amortization expense for the three and six months ended September 2023 was $3.4 million and $6.9 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2024 is $13.6 million, $13.0 million, $12.1 million, $11.6 million and $10.7 million, respectively.