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Intangible Assets, Net (Tables)
6 Months Ended
Sep. 24, 2016
Intangible Assets, Net  
Schedule of net intangible assets

Net intangible assets as of September 24, 2016 and March 26, 2016 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 24, 2016

 

 

 

Gross

    

 

 

    

 

 

    

Weighted

 

 

 

Carrying

 

Accumulated

 

 

 

 

Average

 

 

    

Amount

    

Amortization

    

Net

    

Useful Life

 

 

 

(in thousands, except for weighted average useful life)

 

Customer lists

 

$

7,788

 

$

(6,864)

 

$

924

 

4.9

 

Non-compete agreements

 

 

1,290

 

 

(1,101)

 

 

189

 

4.9

 

Below-market leases

 

 

5,248

 

 

(1,977)

 

 

3,271

 

9.2

 

Total definite lived

 

 

14,326

 

 

(9,942)

 

 

4,384

 

 

 

Trademarks—indefinite lived

 

 

59,377

 

 

 —

 

 

59,377

 

 

 

Total intangible assets

 

$

73,703

 

$

(9,942)

 

$

63,761

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 26, 2016

 

 

 

Gross

 

 

 

 

 

 

 

Weighted

 

 

 

Carrying

 

Accumulated

 

 

 

 

Average

 

 

    

Amount

    

Amortization

    

Net

    

Useful Life

 

 

 

(in thousands, except for weighted average useful life)

 

Customer lists

 

$

7,788

 

$

(6,172)

 

$

1,616

 

4.9

 

Non-compete agreements

 

 

1,290

 

 

(968)

 

 

322

 

4.9

 

Below-market leases

 

 

5,248

 

 

(1,702)

 

 

3,546

 

9.4

 

Total definite lived

 

 

14,326

 

 

(8,842)

 

 

5,484

 

 

 

Trademarks—indefinite lived

 

 

59,377

 

 

 —

 

 

59,377

 

 

 

Total intangible assets

 

$

73,703

 

$

(8,842)

 

$

64,861

 

 

 

 

Schedule of estimated future amortization of intangible assets

As of September 24, 2016, estimated future amortization of intangible assets was as follows:

 

 

 

 

 

 

Fiscal Year

    

(in thousands)

 

2017

    

$

923

 

2018

 

 

966

 

2019

 

 

500

 

2020

 

 

388

 

2021

 

 

314

 

Thereafter

 

 

1,293

 

Total

 

$

4,384