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Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.21.2
INTANGIBLE ASSETS
 6 Months Ended
Oct. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
INTANGIBLE ASSETS INTANGIBLE ASSETS
Ìý Ìý Ìý September 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 $ 262,079Ìý $ 153,139Ìý $ 108,940Ìý $ 117,207Ìý
License agreements 20 years Accelerated 6,652Ìý 4,322Ìý 2,330Ìý 2,448Ìý
Other 9 years Straight-line 5,861Ìý 4,292Ìý 1,569Ìý 1,986Ìý
Amortizable intangible assets, net 112,839Ìý 121,641Ìý
Indefinite-lived intangible assets:
Trademarks and trade names 2,905,403Ìý 2,907,904Ìý
Intangible assets, net $ 3,018,242Ìý $ 3,029,545Ìý
Amortization expense for the three and six months ended September 2021 was $4.0 million and $8.1 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2022 is $15.5 million, $14.5 million, $14.0 million, $13.5 million and $12.5 million, respectively.