±«ÓãÖ±²¥

Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS

v3.22.1
INTANGIBLE ASSETS
 12 Months Ended
Apr. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
INTANGIBLE ASSETS INTANGIBLE ASSETS
(In thousands) Weighted
Average
Amortization
Period		 Amortization
Method		 Cost Accumulated
Amortization		 Net
Carrying
Amount
March 2022
Amortizable intangible assets:
Customer relationships and other 19 years Accelerated $ 264,691Ìý $ 160,988Ìý $ 103,703Ìý
Indefinite-lived intangible assets:
Trademarks and trade names 2,896,648Ìý
Intangible assets, net $ 3,000,351Ìý
(In thousands) Weighted
Average
Amortization
Period		 Amortization
Method		 Cost Accumulated
Amortization		 Net
Carrying
Amount
March 2021
Amortizable intangible assets:
Customer relationships and other 19 years Accelerated $ 277,822Ìý $ 156,181Ìý $ 121,641Ìý
Indefinite-lived intangible assets:
Trademarks and trade names 2,907,904Ìý
Intangible assets, net $ 3,029,545Ìý

The acquired Supreme® trademark was included as an indefinite-lived intangible asset as of March 2021. Refer to Note 3 for additional information.
±«ÓãÖ±²¥ did not record any impairment charges in the year ended March 2022. ±«ÓãÖ±²¥ recorded impairment charges of $20.4Ìýmillion in the year ended March 2021 primarily due to the write-off of certain trademark and customer relationship balances, which
resulted from strategic actions taken by the Company. ±«ÓãÖ±²¥ did not record any impairment charges in the year ended March 2020.
Amortization expense for the years ended March 2022, 2021 and 2020 was $15.6 million, $17.5 million and $18.7 million, respectively. Estimated amortization expense for the next five fiscal years is $14.6 million, $14.1 million, $13.6 million, $12.5 million and $12.0 million, respectively.