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Goodwill, Intangible Assets, and Cloud Computing Arrangements (Tables)
12 Months Ended
Apr. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Amortizable Intangible Assets

The components of amortizable intangible assets were as follows:

(Dollars in thousands)

 

April 2, 2022

 

 

April 3, 2021

 

 

 

Customer
Relationships

 

 

Trade
Names

 

 

Total

 

 

Customer
Relationships

 

 

Trade
Names

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

61,986

 

 

$

21,419

 

 

$

83,405

 

 

$

61,963

 

 

$

21,409

 

 

$

83,372

 

Accumulated amortization

 

 

(23,819

)

 

 

(8,303

)

 

 

(32,122

)

 

 

(18,158

)

 

 

(6,379

)

 

 

(24,537

)

Amortizable intangibles, net

 

$

38,167

 

 

$

13,116

 

 

$

51,283

 

 

$

43,805

 

 

$

15,030

 

 

$

58,835

 

Weighted average remaining amortization period, in years

 

 

6.8

 

 

 

6.9

 

 

 

6.8

 

 

 

7.8

 

 

 

7.9

 

 

 

7.8

 

Summary of Estimated Amortization Expense of Intangible Assets Estimated amortization expense of intangible assets over the next five years is estimated to be (dollars in thousands):

 

Fiscal 2023

 

$

7,436

 

Fiscal 2024

 

 

7,388

 

Fiscal 2025

 

 

7,388

 

Fiscal 2026

 

 

7,388

 

Fiscal 2027

 

 

7,346