Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.20.2
INTANGIBLE ASSETS
 6 Months Ended
Sep. 26, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
      September 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 19 years Accelerated $ 266,350  $ 142,442  $ 123,908  $ 137,017 
License agreements 19 years Accelerated 7,766  5,216  2,550  2,548 
Other 8 years Straight-line 8,296  5,936  2,360  2,909 
Amortizable intangible assets, net 128,818  142,474 
Indefinite-lived intangible assets:
Trademarks and trade names 1,722,275  1,712,071 
Intangible assets, net $ 1,851,093  $ 1,854,545 
Amortization expense for the three and six months ended September 2020 was $4.5 million and $8.9 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2021 is $16.8 million, $15.2 million, $14.1 million, $13.6 million and $13.1 million, respectively.