Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.21.4
INTANGIBLE ASSETS
 9 Months Ended
Jan. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
      December 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 and other 19 years Accelerated $ 268,018  $ 159,541  $ 108,477  $ 121,641 
Indefinite-lived intangible assets:
Trademarks and trade names 2,902,040  2,907,904 
Intangible assets, net $ 3,010,517  $ 3,029,545 
Amortization expense for the three and nine months ended December 2021 was $3.8 million and $11.9 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2022 is $15.3 million, $14.3 million, $13.8 million, $13.3 million and $12.3 million, respectively.