Intangible Assets and Goodwill

3 Months Ended

Jul. 01, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

The following table details the carrying values of the Company's intangible assets that are subject to amortization (in millions):



	July 1, 2017			April 1, 2017
Reacquired Rights	$	400.4		$	400.4
Trademarks	23.0			23.0
Lease Rights	78.8			74.2
Customer Relationships	5.0			5.0
	$	507.2		$	502.6
Less: accumulated amortization	$	(92.9	)	$	(84.5	)
	$	414.3		$	418.1

Amortization expense for the Company's finite-lived intangibles assets was $5.1 million as of July 1, 2017 and $3.5 million as of July 2, 2016.

The Company's goodwill balance as of July 1, 2017 and April 1, 2017 was $119.7 million. There were no impairment charges recorded during the three months ended July 1, 2017 and July 2, 2016 for any of the Company's intangible assets.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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