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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] Ìý
INTANGIBLE ASSETS INTANGIBLE ASSETS
Ìý Ìý Ìý December 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 $ 271,910Ìý $ 149,553Ìý $ 122,357Ìý $ 137,017Ìý
License agreements 19 years Accelerated 8,095Ìý 5,478Ìý 2,617Ìý 2,548Ìý
Other 8 years Straight-line 8,796Ìý 6,440Ìý 2,356Ìý 2,909Ìý
Amortizable intangible assets, net 127,330Ìý 142,474Ìý
Indefinite-lived intangible assets:
Trademarks and trade names 1,734,712Ìý 1,712,071Ìý
Intangible assets, net $ 1,862,042Ìý $ 1,854,545Ìý
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.