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Goodwill and Other Intangible Assets

12 Months Ended

Mar. 29, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Goodwill

The following table details the changes in goodwill for each of the Company's segments during Fiscal 2025 and Fiscal 2024:

						North America						Europe						Asia						Other Non-reportable Segments						Total
						(millions)
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
Foreign currency translation						—						0.3						0.1						—						0.4
Balance at March 29, 2025						$	421.8					$	279.1					$	55.6					$	132.0					$	888.5

Based on the results of the Company's goodwill impairment testing, no goodwill impairment charges were recorded in Fiscal 2025, Fiscal 2024, or Fiscal 2023. See Note 12 for further discussion of the Company's goodwill impairment testing.

Other Intangible Assets

Other intangible assets consist of the following:

						March 29, 2025																		March 30, 2024
						Gross Carrying Amount						Accum. Amort.						Net						Gross Carrying Amount						Accum. Amort.						Net
						(millions)
Intangible assets subject to amortization:
Re-acquired licensed trademarks						$	223.3					$	(188.2)					$	35.1					$	223.3					$	(179.9)					$	43.4
Customer relationships						231.6						(213.0)						18.6						231.4						(208.3)						23.1
Other						10.1						(8.3)						1.8						10.1						(8.2)						1.9
Total intangible assets subject to amortization						465.0						(409.5)						55.5						464.8						(396.4)						68.4
Intangible assets not subject to amortization:
Trademarks and brands						7.3						N/A						7.3						7.3						N/A						7.3
Total intangible assets						$	472.3					$	(409.5)					$	62.8					$	472.1					$	(396.4)					$	75.7

Amortization Expense

Amortization expense was $12.9 million, $13.1 million, and $14.0 million during Fiscal 2025, Fiscal 2024, and Fiscal 2023, 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 29, 2025, the expected amortization expense for each of the next five fiscal years and thereafter is as follows:

						Amortization Expense
						(millions)
Fiscal 2026						$	10.7
Fiscal 2027						10.0
Fiscal 2028						10.0
Fiscal 2029						10.0
Fiscal 2030						8.9
Fiscal 2031 and thereafter						5.9
Total						$	55.5

The expected future amortization expense above reflects weighted-average estimated remaining useful lives of 5.5 years for re-acquired licensed trademarks, 5.4 years for customer relationships, and 5.6 years for the Company's finite-lived intangible assets in total.

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

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