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GOODWILL AND PURCHASED INTANGIBLE ASSETS
 3 Months Ended
Jun. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND PURCHASED INTANGIBLE ASSETS
GOODWILL AND PURCHASED INTANGIBLE ASSETS

Goodwill

The changes in the carrying amount of goodwill allocated to the Company's reporting segments for the periods ended June 27, 2020 and March 28, 2020 are as follows:
(in thousands)
 
Poly Reportable Segment
 
Products Reportable Segment
 
Services Reportable Segment
 
Total Consolidated
Balance as of March 30, 2019
 
$
1,278,380

 
$
—

 
$
—

 
$
1,278,380

Adjustments(1)
 
1,517

 
 
 
 
 
1,517

Impairment prior to re-segmentation
 
(323,088
)
 
—

 
—

 
(323,088
)
Allocation due to re-segmentation
 
(956,809
)
 
789,561

 
167,248

 
—

Impairment after re-segmentation
 
—

 
(160,593
)
 
 
 
(160,593
)
Balance as of March 28, 2020
 
$
—

 
$
628,968

 
$
167,248

 
$
796,216

Balance as of June 27, 2020
 
$
—

 
$
628,968

 
$
167,248

 
$
796,216

(1) Represents measurement period adjustments.

During the fourth quarter of Fiscal Year 2020, the Company experienced a sustained decrease in its stock price and determined that it was more likely than not that the carrying value of the Company's reporting units exceeded their fair value. Additionally, during the fourth quarter of Fiscal Year 2020, the Company made key changes to its executive management, which ultimately resulted in a change to the composition of its reportable segments and consequently a change from one to four reporting units – Headsets, Voice, Video, and Services. These changes resulted in an impairment charge of $483.7 million in the fourth quarter of Fiscal Year 2020.

Other Intangible Assets

As of June 27, 2020, and March 28, 2020, the carrying value of other intangibles, is as follows:
As of
 
June 27, 2020
 
March 28, 2020
 
 
(in thousands)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Weighted Average Remaining Useful Life
Amortizing Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Existing technology
 
$
427,123

 
$
(227,087
)
 
$
200,036

 
$
427,123

 
$
(208,848
)
 
$
218,275

 
3.1 years
Customer relationships
 
240,024

 
(95,490
)
 
144,534

 
240,024

 
(84,506
)
 
155,518

 
3.8 years
Trade name/Trademarks
 
115,600

 
(25,689
)
 
89,911

 
115,600

 
(22,478
)
 
93,122

 
7.0 years
Total intangible assets
 
$
782,747

 
$
(348,266
)
 
$
434,481

 
$
782,747

 
$
(315,832
)
 
$
466,915

 
4.1 years


During the three months ended June 27, 2020 and June 29, 2019, the Company recognized $32.4 million and $45.3 million, respectively, in amortization expense.

As of June 27, 2020, expected amortization expense for other intangible assets for each of the next five years and thereafter is as follows:
in thousands
 
Amount
2021 (remaining nine months)
 
$
92,459

2022
 
113,858

2023
 
111,232

2024
 
65,936

2025
 
21,688

Thereafter
 
29,308

 
 
$
434,481