Goodwill and Intangible Assets

9 Months Ended

Dec. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

8. Goodwill and Intangible Assets

Goodwill

	Roller		Plain		Ball		Engineered Products			Total
March 30, 2019	$	16,007	$	79,597	$	5,623	$	160,204		$	261,431
Translation adjustments		—		—		—		(5	)		(5	)
Acquisition (1)		—		—		—		15,955			15,955
December 28, 2019	$	16,007	$	79,597	$	5,623	$	176,154		$	277,381

⁽¹⁾ Includes the assets acquired as part of the Company’s acquisition of Vianel Holding AG (“Swiss Tool”) on August 15, 2019, which is discussed further in Note 13.

Intangible Assets

			December 28, 2019				March 30, 2019
	Weighted Average Useful Lives		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Product approvals		24	$	50,878	$	12,066	$	50,878	$	10,481
Customer relationships and lists (2)		23		109,328		22,380		96,458		19,149
Trade names		10		16,321		8,534		15,959		7,447
Distributor agreements		5		722		722		722		722
Patents and trademarks (2)		15		11,215		5,923		10,534		5,540
Domain names		10		437		437		437		437
Other		2		3,850		3,110		2,473		2,325
				192,751		53,172		177,461		46,101
Non-amortizable repair station certifications		n/a		24,281		—		24,281		—
Total		21	$	217,032	$	53,172	$	201,742	$	46,101

⁽²⁾ Includes the assets acquired as part of the Company’s acquisition of Vianel Holding AG (“Swiss Tool”) on August 15, 2019, which is discussed further in Note 13.

Amortization expense for definite-lived intangible assets for the three- and nine-month periods ended December 28, 2019 were $2,473 and $7,066, respectively, compared to $2,400 and $7,331 for the three- and nine-month periods ended December 29, 2018, respectively. Estimated amortization expense for the remaining three months of fiscal 2020, the five succeeding fiscal years and thereafter is as follows:

2020	$	2,414
2021		9,632
2022		9,512
2023		9,428
2024		8,523
2025		7,652
2026 and thereafter		92,418