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Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.21.2
INTANGIBLE ASSETS
 3 Months Ended
Jul. 03, 2021
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
INTANGIBLE ASSETS INTANGIBLE ASSETS
Ìý Ìý Ìý June 2021 March 2021
(In thousands) Weighted
Average
Amortization
Period		 Amortization
Method		 Cost Accumulated
Amortization		 Net
Carrying
Amount		 Net
Carrying
Amount
AmortizableÌýintangibleÌýassets:
Customer relationships 19 years Accelerated $ 264,354Ìý $ 150,845Ìý $ 113,509Ìý $ 117,207Ìý
License agreements 20 years Accelerated 6,794Ìý 4,372Ìý 2,422Ìý 2,448Ìý
Other 9 years Straight-line 6,941Ìý 5,151Ìý 1,790Ìý 1,986Ìý
Amortizable intangible assets, net 117,721Ìý 121,641Ìý
Indefinite-lived intangible assets:
Trademarks and trade names 2,910,165Ìý 2,907,904Ìý
Intangible assets, net $ 3,027,886Ìý $ 3,029,545Ìý
Amortization expense for the three months ended June 2021 was $4.1 million. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2022 is $15.6 million, $14.6 million, $14.1 million, $13.6 million and $12.6 million, respectively.