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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] Ìý
INTANGIBLE ASSETS INTANGIBLE ASSETS
Ìý Ìý Ìý September 2020 March 2020
(In thousands) Weighted
Average
Amortization
Period		 Amortization
Method		 Cost Accumulated
Amortization		 Net
Carrying
Amount		 Net
Carrying
Amount
AmortizableÌýintangibleÌýassets:
Customer relationships 19 years Accelerated $ 266,350Ìý $ 142,442Ìý $ 123,908Ìý $ 137,017Ìý
License agreements 19 years Accelerated 7,766Ìý 5,216Ìý 2,550Ìý 2,548Ìý
Other 8 years Straight-line 8,296Ìý 5,936Ìý 2,360Ìý 2,909Ìý
Amortizable intangible assets, net 128,818Ìý 142,474Ìý
Indefinite-lived intangible assets:
Trademarks and trade names 1,722,275Ìý 1,712,071Ìý
Intangible assets, net $ 1,851,093Ìý $ 1,854,545Ìý
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.