Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.19.3
INTANGIBLE ASSETS
 6 Months Ended
Sep. 28, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
 
 
 
 
 
 
 
September 2019
 
 
March 2019
(In thousands)
 
Weighted
Average
Amortization
Period
 
Amortization
Method
 
 
Cost
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
 
Net
Carrying
Amount
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
 
17 years
 
Accelerated
 
 
$
323,365

 
$
142,530

 
$
180,835

 
 
$
197,129

License agreements
 
19 years
 
Accelerated
 
 
7,378

 
4,752

 
2,626

 
 
2,807

Trademark
 
3 years
 
Straight-line
 
 
800

 
518

 
282

 
 
399

Other
 
8 years
 
Straight-line
 
 
8,028

 
4,584

 
3,444

 
 
4,032

Amortizable intangible assets, net
 
 
 
 
 
 
 
 
187,187

 
 
204,367

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks and trade names
 
 
 
 
 
 
 
 
1,732,583

 
 
1,767,997

Intangible assets, net
 
 
 
 
 
 
 
 
 
 
$
1,919,770

 
 
$
1,972,364



Intangible assets decreased during the six months ended September 2019 due to the impact of foreign currency fluctuations.
Amortization expense for the three and six months ended September 2019 was $6.2 million and $12.5 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2020 is $25.3 million, $23.9 million, $22.4 million, $21.0 million and $20.2 million, respectively.