Goodwill and Other Intangible Assets

12 Months Ended

Mar. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table details the changes in goodwill for each of the Company's segments during Fiscal 2024 and Fiscal 2023:


	North America		Europe		Asia		Other Non-reportable Segments		Total
	(millions)
Balance at April 2, 2022	$	421.8	$	286.0	$	68.9	$	132.0	$	908.7
Foreign currency translation	—		(4.2)		(5.6)		—		(9.8)
Balance at April 1, 2023	421.8		281.8		63.3		132.0		898.9
Foreign currency translation	—		(3.0)		(7.8)		—		(10.8)
Balance at March 30, 2024	$	421.8	$	278.8	$	55.5	$	132.0	$	888.1

Based on the results of the Company's goodwill impairment testing, no goodwill impairment charges were recorded in Fiscal 2024, Fiscal 2023, or Fiscal 2022. See Note 12 for further discussion of the Company's goodwill impairment testing.

Other Intangible Assets

Other intangible assets consist of the following:


	March 30, 2024						April 1, 2023
	Gross Carrying Amount		Accum. Amort.		Net		Gross Carrying Amount		Accum. Amort.		Net
	(millions)
Intangible assets subject to amortization:
Re-acquired licensed trademarks	$	223.3	$	(179.9)	$	43.4	$	226.3	$	(174.7)	$	51.6
Customer relationships	231.4		(208.3)		23.1		239.8		(211.9)		27.9
Other	10.1		(8.2)		1.9		10.1		(8.0)		2.1
Total intangible assets subject to amortization	464.8		(396.4)		68.4		476.2		(394.6)		81.6
Intangible assets not subject to amortization:
Trademarks and brands	7.3		N/A		7.3		7.3		N/A		7.3
Total intangible assets	$	472.1	$	(396.4)	$	75.7	$	483.5	$	(394.6)	$	88.9

Amortization Expense

Amortization expense was $13.1 million, $14.0 million, and $17.9 million during Fiscal 2024, Fiscal 2023, and Fiscal 2022, respectively, and was recorded within SG&A expenses in the consolidated statements of operations.

Based on the balance of the Company's finite-lived intangible assets subject to amortization as of March 30, 2024, the expected amortization expense for each of the next five fiscal years and thereafter is as follows:


	Amortization Expense
	(millions)
Fiscal 2025	$	12.9
Fiscal 2026	10.7
Fiscal 2027	10.0
Fiscal 2028	10.0
Fiscal 2029	10.0
Fiscal 2030 and thereafter	14.8
Total	$	68.4

The expected future amortization expense above reflects weighted-average estimated remaining useful lives of 6.3 years for re-acquired licensed trademarks, 6.2 years for customer relationships, and 6.4 years for the Company's finite-lived intangible assets in total.