Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.20.2
INTANGIBLE ASSETS
 3 Months Ended
Jun. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
      June 2020 March 2020
(In thousands) Weighted
Average
Amortization
Period		 Amortization
Method		 Cost Accumulated
Amortization		 Net
Carrying
Amount		 Net
Carrying
Amount
Amortizable intangible assets:
Customer relationships 18 years Accelerated $ 278,522    $ 144,548    $ 133,974    $ 137,017   
License agreements 19 years Accelerated 7,542    5,019    2,523    2,548   
Other 8 years Straight-line 8,086    5,376    2,710    2,909   
Amortizable intangible assets, net 139,207    142,474   
Indefinite-lived intangible assets:
Trademarks and trade names 1,716,557    1,712,071   
Intangible assets, net $ 1,855,764    $ 1,854,545   

Intangible assets increased during the three months ended June 2020 due to the impact of foreign currency fluctuations.
Amortization expense for the three months ended June 2020 was $4.4 million. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2021 is $17.5 million, $16.3 million, $15.2 million, $14.6 million and $14.2 million, respectively.