XML 42 R32.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Goodwill, Intangible Assets, and Cloud Computing Arrangements (Tables)
12 Months Ended
Mar. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Amortizable Intangible Assets

The components of amortizable intangible assets were as follows:

(Dollars in thousands)

 

March 30, 2024

 

 

April 1, 2023

 

 

 

Customer
Relationships & Other

 

 

Trade
Names

 

 

Total

 

 

Customer
Relationships & Other

 

 

Trade
Names

 

 

Total

 

Gross carrying amount

 

$

82,909

 

 

$

46,393

 

 

$

129,302

 

 

$

66,013

 

 

$

21,497

 

 

$

87,510

 

Accumulated amortization

 

 

(39,825

)

 

 

(13,108

)

 

 

(52,933

)

 

 

(32,103

)

 

 

(10,064

)

 

 

(42,167

)

Amortizable intangibles, net

 

$

43,084

 

 

$

33,285

 

 

$

76,369

 

 

$

33,910

 

 

$

11,433

 

 

$

45,343

 

Weighted average remaining amortization period, in years

 

 

5.6

 

 

 

7.7

 

 

 

6.4

 

 

 

5.4

 

 

 

6.3

 

 

 

5.6

 

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 2025

 

$

11,568

 

Fiscal 2026

 

 

11,568

 

Fiscal 2027

 

 

11,526

 

Fiscal 2028

 

 

11,497

 

Fiscal 2029

 

 

7,158