Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.22.2
INTANGIBLE ASSETS
 3 Months Ended
Jul. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
      June 2022 March 2022
(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 $ 258,824  $ 160,669  $ 98,155  $ 103,703 
Indefinite-lived intangible assets:
Trademarks and trade names 2,885,981  2,896,648 
Intangible assets, net $ 2,984,136  $ 3,000,351 
Amortization expense for the three months ended June 2022 was $3.6 million. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2023 is $14.4 million, $13.9 million, $13.4 million, $12.4 million and $11.9 million, respectively.