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Goodwill and Other Intangible Assets
12 Months Ended
Mar. 28, 2021
Goodwill and Other Intangible Assets  
Intangible Assets

Note 4. Goodwill and Other Intangible Assets

Due to lower than expected results and a significant reduction in market capitalization (due to reduced stock price), we performed a quantitative impairment test for goodwill during the third and fourth quarters of fiscal year 2020. Based on the quantitative tests we did in fiscal year 2020, we recorded $9.1 million of non-cash goodwill impairment loss related to continuing operations and $2.6 million of impairment loss related to discontinued operations. There was no goodwill carrying amount at any time during fiscal year 2021.

Intangibles, net on our Consolidated Balance Sheets as of March 28, 2021 and March 29, 2020, consists of capitalized software for internal use and an indefinite lived intangible assets. Capitalized software for internal use, net of accumulated amortization, which primarily related to our SAP ERP implementation as of March 28, 2021 and March 29, 2020 was $18,341,100 and $10,362,100, respectively. Amortization expense of capitalized software for internal use was $2,077,000, $1,954,700, and $1,620,800 for fiscal years 2021, 2020, and 2019. Indefinite lived intangible assets were $795,400 as of March 28, 2021 and March 29, 2020.