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Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.19.2
INTANGIBLE ASSETS
 3 Months Ended
Jun. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
INTANGIBLE ASSETS INTANGIBLE ASSETS
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
June 2019
Ìý
Ìý
March 2019
(In thousands)
Ìý
Weighted
Average
Amortization
Period
Ìý
Amortization
Method
Ìý
Ìý
Cost
Ìý
Accumulated
Amortization
Ìý
Net
Carrying
Amount
Ìý
Ìý
Net
Carrying
Amount
AmortizableÌýintangibleÌýassets:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Customer relationships
Ìý
17 years
Ìý
Accelerated
Ìý
Ìý
$
332,746

Ìý
$
141,015

Ìý
$
191,731

Ìý
Ìý
$
197,129

License agreements
Ìý
19 years
Ìý
Accelerated
Ìý
Ìý
7,616

Ìý
4,835

Ìý
2,781

Ìý
Ìý
2,807

Trademark
Ìý
3 years
Ìý
Straight-line
Ìý
Ìý
800

Ìý
458

Ìý
342

Ìý
Ìý
399

Other
Ìý
8 years
Ìý
Straight-line
Ìý
Ìý
8,264

Ìý
4,443

Ìý
3,821

Ìý
Ìý
4,032

Amortizable intangible assets, net
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
198,675

Ìý
Ìý
204,367

Indefinite-lived intangible assets:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Trademarks and trade names
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
1,782,246

Ìý
Ìý
1,767,997

Intangible assets, net
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
$
1,980,921

Ìý
Ìý
$
1,972,364



Intangible assets increased during the three months ended June 2019 due to the impact of foreign currency fluctuations.
Amortization expense for the three months ended June 2019 was $6.3 million. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2020 is $25.7 million, $24.3 million, $22.7 million, $21.3 million and $20.5 million, respectively.