INTANGIBLE ASSETS

3 Months Ended

Jun. 27, 2020

Goodwill and Intangible Assets Disclosure [Abstract]


			June 2020										March 2020
(In thousands)	Weighted Average Amortization Period	Amortization Method	Cost		Accumulated Amortization		Net Carrying Amount			Net Carrying Amount
Amortizable intangible assets:
Customer relationships	18 years	Accelerated	$	278,522	$	144,548	$	133,974		$	137,017
License agreements	19 years	Accelerated	7,542		5,019		2,523			2,548
Other	8 years	Straight-line	8,086		5,376		2,710			2,909
Amortizable intangible assets, net									139,207			142,474
Indefinite-lived intangible assets:
Trademarks and trade names									1,716,557			1,712,071
Intangible assets, net							$	1,855,764		$	1,854,545

Intangible assets increased during the three months ended June 2020 due to the impact of foreign currency fluctuations.

Amortization expense for the three months ended June 2020 was $4.4 million. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2021 is $17.5 million, $16.3 million, $15.2 million, $14.6 million and $14.2 million, respectively.