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Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.21.1
INTANGIBLE ASSETS (Tables)
12 Months Ended
Apr. 03, 2021
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
Indefinite Lived Intangible Assets
(In thousands) Weighted
Average
Amortization
Period
Amortization
Method
Cost Accumulated
Amortization
Net
Carrying
Amount
March 2021
Amortizable intangible assets:
Customer relationships 19 years Accelerated $ 263,842Ìý $ 146,635Ìý $ 117,207Ìý
License agreements 20 years Accelerated 6,747Ìý 4,299Ìý 2,448Ìý
Other 8 years Straight-line 7,233Ìý 5,247Ìý 1,986Ìý
Amortizable intangible assets, net 121,641Ìý
Indefinite-lived intangible assets:
Trademarks and trade names 2,907,904Ìý
Intangible assets, net $ 3,029,545Ìý
(In thousands) Weighted
Average
Amortization
Period
Amortization
Method
Cost Accumulated
Amortization
Net
Carrying
Amount
March 2020
Amortizable intangible assets:
Customer relationships 18 years Accelerated $ 276,485Ìý $ 139,468Ìý $ 137,017Ìý
License agreements 19 years Accelerated 7,467Ìý 4,919Ìý 2,548Ìý
Other 8 years Straight-line 8,019Ìý 5,110Ìý 2,909Ìý
Amortizable intangible assets, net 142,474Ìý
Indefinite-lived intangible assets:
Trademarks and trade names 1,712,071Ìý
Intangible assets, net $ 1,854,545Ìý
Finite Lived Intangible Assets
(In thousands) Weighted
Average
Amortization
Period
Amortization
Method
Cost Accumulated
Amortization
Net
Carrying
Amount
March 2021
Amortizable intangible assets:
Customer relationships 19 years Accelerated $ 263,842Ìý $ 146,635Ìý $ 117,207Ìý
License agreements 20 years Accelerated 6,747Ìý 4,299Ìý 2,448Ìý
Other 8 years Straight-line 7,233Ìý 5,247Ìý 1,986Ìý
Amortizable intangible assets, net 121,641Ìý
Indefinite-lived intangible assets:
Trademarks and trade names 2,907,904Ìý
Intangible assets, net $ 3,029,545Ìý
(In thousands) Weighted
Average
Amortization
Period
Amortization
Method
Cost Accumulated
Amortization
Net
Carrying
Amount
March 2020
Amortizable intangible assets:
Customer relationships 18 years Accelerated $ 276,485Ìý $ 139,468Ìý $ 137,017Ìý
License agreements 19 years Accelerated 7,467Ìý 4,919Ìý 2,548Ìý
Other 8 years Straight-line 8,019Ìý 5,110Ìý 2,909Ìý
Amortizable intangible assets, net 142,474Ìý
Indefinite-lived intangible assets:
Trademarks and trade names 1,712,071Ìý
Intangible assets, net $ 1,854,545Ìý