Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.20.4
INTANGIBLE ASSETS
 9 Months Ended
Dec. 26, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
      December 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 $ 271,910  $ 149,553  $ 122,357  $ 137,017 
License agreements 19 years Accelerated 8,095  5,478  2,617  2,548 
Other 8 years Straight-line 8,796  6,440  2,356  2,909 
Amortizable intangible assets, net 127,330  142,474 
Indefinite-lived intangible assets:
Trademarks and trade names 1,734,712  1,712,071 
Intangible assets, net $ 1,862,042  $ 1,854,545 
Amortization expense for the three and nine months ended December 2020 was $4.3 million and $13.2 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 $17.0 million, $15.4 million, $14.3 million, $13.8 million and $13.3 million, respectively.