±«ÓãÖ±²¥

Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS

v3.24.1.1.u2
INTANGIBLE ASSETS
 12 Months Ended
Mar. 30, 2024
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 2024
Amortizable intangible assets:
Customer relationships and other 19 years Accelerated $ 262,084Ìý $ 187,121Ìý $ 74,963Ìý
Indefinite-lived intangible assets:
Trademarks and trade names 2,553,519Ìý
Intangible assets, net $ 2,628,482Ìý
(In thousands) Weighted
Average
Amortization
Period		 Amortization
Method		 Cost Accumulated
Amortization		 Net
Carrying
Amount
March 2023
Amortizable intangible assets:
Customer relationships and other 19 years Accelerated $ 262,818Ìý $ 173,916Ìý $ 88,902Ìý
Indefinite-lived intangible assets:
Trademarks and trade names 2,553,919Ìý
Intangible assets, net $ 2,642,821Ìý
±«ÓãÖ±²¥ did not record any intangible asset impairment charges in the years ended March 2024 or March 2022. ±«ÓãÖ±²¥ recorded impairment charges of $340.9 million in the year ended March 2023 related to the Supreme® indefinite-lived trademark intangible asset. Refer to Note 24 for additional information on fair value measurements.
Amortization expense for the years ended March 2024, 2023 and 2022 was $13.8 million, $14.1 million and $15.6 million, respectively. Estimated amortization expense for the next five fiscal years is $13.2 million, $12.3 million, $11.8 million, $10.8 million and $9.8 million, respectively.