Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.23.2
INTANGIBLE ASSETS
 3 Months Ended
Jul. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
      June 2023 March 2023
(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 $ 263,268  $ 177,711  $ 85,557  $ 88,902 
Indefinite-lived intangible assets:
Trademarks and trade names 2,555,270  2,553,919 
Intangible assets, net $ 2,640,827  $ 2,642,821 
Amortization expense for the three months ended June 2023 was $3.5 million. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2024 is $13.6 million, $13.1 million, $12.1 million, $11.7 million and $10.7 million, respectively.