Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.21.2
INTANGIBLE ASSETS
 3 Months Ended
Jul. 03, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
      June 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 19 years Accelerated $ 264,354  $ 150,845  $ 113,509  $ 117,207 
License agreements 20 years Accelerated 6,794  4,372  2,422  2,448 
Other 9 years Straight-line 6,941  5,151  1,790  1,986 
Amortizable intangible assets, net 117,721  121,641 
Indefinite-lived intangible assets:
Trademarks and trade names 2,910,165  2,907,904 
Intangible assets, net $ 3,027,886  $ 3,029,545 
Amortization expense for the three months ended June 2021 was $4.1 million. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2022 is $15.6 million, $14.6 million, $14.1 million, $13.6 million and $12.6 million, respectively.