INTANGIBLE ASSETS

3 Months Ended

Jul. 03, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS

			June 2021						March 2021
(In thousands)	Weighted Average Amortization Period	Amortization Method	Cost		Accumulated Amortization		Net Carrying Amount		Net Carrying Amount
Amortizable intangible assets:
Customer relationships	19 years	Accelerated	$	264,354	$	150,845	$	113,509	$	117,207
License agreements	20 years	Accelerated	6,794		4,372		2,422		2,448
Other	9 years	Straight-line	6,941		5,151		1,790		1,986
Amortizable intangible assets, net							117,721		121,641
Indefinite-lived intangible assets:
Trademarks and trade names							2,910,165		2,907,904
Intangible assets, net							$	3,027,886	$	3,029,545

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.