Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.21.2
INTANGIBLE ASSETS
 6 Months Ended
Oct. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
      September 2021 March 2021
(In thousands) Weighted
Average
Amortization
Period		 Amortization
Method		 Cost Accumulated
Amortization		 Net
Carrying
Amount		 Net
Carrying
Amount
Amortizable intangible assets:
Customer relationships 19 years Accelerated $ 262,079  $ 153,139  $ 108,940  $ 117,207 
License agreements 20 years Accelerated 6,652  4,322  2,330  2,448 
Other 9 years Straight-line 5,861  4,292  1,569  1,986 
Amortizable intangible assets, net 112,839  121,641 
Indefinite-lived intangible assets:
Trademarks and trade names 2,905,403  2,907,904 
Intangible assets, net $ 3,018,242  $ 3,029,545 
Amortization expense for the three and six months ended September 2021 was $4.0 million and $8.1 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2022 is $15.5 million, $14.5 million, $14.0 million, $13.5 million and $12.5 million, respectively.