Goodwill and Intangible Assets

12 Months Ended

Mar. 29, 2020

Goodwill and Other Identifiable Intangible Assets

The carrying amount of goodwill for each of our three reportable segments were as follows:


(In thousands)	Industrial		Water Treatment		Health and Nutrition		Total


Balance as of April 1, 2018, March 31, 2019 and March 29, 2020	$	6,495	$	7,000	$	44,945	$	58,440

The following is a summary of our identifiable intangible assets as of March 29, 2020 and March 31, 2019:


	2020
	Gross Amount		Accumulated Amortization		Net carrying value
(In thousands)
Finite-life intangible assets:
Customer relationships	$	78,383	$	(21,400)	$	56,983
Trademarks and trade names	6,045		(3,640)		2,405
Other finite-life intangible assets	3,648		(3,610)		38
Total finite-life intangible assets	88,076		(28,650)		59,426
Indefinite-life intangible assets	1,227		—		1,227
Total intangible assets, net	$	89,303	$	(28,650)	$	60,653


	2019
	Gross Amount		Accumulated Amortization		Net carrying value
(In thousands)
Finite-life intangible assets:
Customer relationships	$	78,383	$	(16,910)	$	61,473
Trademarks and trade names	6,045		(3,115)		2,930
Other finite-life intangible assets	3,648		(3,552)		96
Total finite-life intangible assets	88,076		(23,577)		64,499
Indefinite-life intangible assets	1,227		—		1,227
Total intangible assets, net	$	89,303	$	(23,577)	$	65,726

Intangible asset amortization expense was $5.1 million during fiscal 2020, $5.5 million during fiscal 2019, and $5.7 million during fiscal 2018.

The estimated future amortization expense for identifiable intangible assets during the next five years is as follows:


(In thousands)	2021		2022		2023		2024		2025
Estimated amortization expense	$	5,028	$	4,891	$	4,891	$	4,891	$	4,891