Intangible Assets and Goodwill (Tables)

12 Months Ended

Mar. 31, 2018

The following table details the carrying values of the Company’s intangible assets other than goodwill (in millions):



	March 31, 2018						April 1, 2017
	Gross Carrying Amount		Accumulated Amortization ⁽¹⁾		Net		Gross Carrying Amount		Accumulated Amortization ⁽¹⁾		Net
Definite-lived intangible assets:
Reacquired rights	$	400.4	$	29.4	$	371.0	$	400.4	$	13.4	$	387.0
Trademarks	23.0		17.4		5.6		23.0		16.3		6.7
Lease rights	80.1		58.3		21.8		74.2		53.8		20.4
Customer relationships	231.3		8.1		223.2		5.0		1.0		4.0
	734.8		113.2		621.6		502.6		84.5		418.1

Indefinite-lived intangible assets:
Jimmy Choo brand	614.1		—		614.1		—		—		—

Total intangible assets, excluding goodwill	$	1,348.9	$	113.2	$	1,235.7	$	502.6	$	84.5	$	418.1

________________________________


⁽¹⁾	Includes $5.2 million and $30.2 million, respectively, of impairment charges recorded during Fiscal 2018 and Fiscal 2017 in connection with underperforming full-price retail stores. There were no impairment charges related to the Company’s amortized intangibles assets during Fiscal 2016. See Note 12 for additional information.

Estimated amortization expense for each of the next five years is as follows (in millions):

The following table details the changes in goodwill for each of the Company’s reportable segments (in millions):



	MK Retail		MK Wholesale		MK Licensing		Jimmy Choo		Total
Balance at April 1, 2017	$	91.9	$	25.9	$	1.9	$	—	$	119.7
Acquisition of Jimmy Choo	—		—		—		684.9		684.9
Foreign currency translation	—		—		—		43.1		43.1
Balance at March 31, 2018	$	91.9	$	25.9	$	1.9	$	728.0	$	847.7