XML 20 R11.htm IDEA: XBRL DOCUMENT
v3.23.3

Goodwill, Intangible Assets, and Cloud Computing Arrangements | 6 Months Ended
--- | ---
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill, Intangible Assets, and Cloud Computing Arrangements | 4. Goodwill, Intangible Assets, and Cloud Computing Arrangements Goodwill Goodwill represents the excess of the cost of an acquired business over the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed in a business combination. At both September 30, 2023 and April 1, 2023, the Company had goodwill of $196.6 million. At September 30, 2023, there were no accumulated impairment losses related to goodwill. Intangible Assets The components of amortizable intangible assets were as follows:
(Dollars in thousands) |  | September 30, 2023 |  |  | April 1, 2023 |
|  | Customer Relationships & Other |  |  | Trade Names |  |  | Total |  |  | Customer Relationships & Other |  |  | Trade Names |  |  | Total |
Gross carrying amount |  | $ | 66,019 |  |  | $ | 21,499 |  |  | $ | 87,518 |  |  | $ | 66,013 |  |  | $ | 21,497 |  |  | $ | 87,510 |
Accumulated amortization |  |  | (36,200 | ) |  |  | (11,019 | ) |  |  | (47,219 | ) |  |  | (32,103 | ) |  |  | (10,064 | ) |  |  | (42,167 | )
Amortizable intangibles, net |  | $ | 29,819 |  |  | $ | 10,480 |  |  | $ | 40,299 |  |  | $ | 33,910 |  |  | $ | 11,433 |  |  | $ | 45,343 |
During the three months ended September 30, 2023 and October 1, 2022, amortization of intangible assets was $2.1 million and $2.8 million, respectively. During the six months ended September 30, 2023 and October 1, 2022, amortization of intangible assets was $5.0 million and $4.7 million, respectively. Cloud Computing Arrangements The Company capitalizes costs associated with the development of cloud computing arrangements in a manner consistent with internally developed software. At September 30, 2023 and April 1, 2023, the Company had capitalized cloud computing costs, net of amortization of $25.7 million and $25.0 million, respectively. Cloud computing costs are included in other noncurrent assets in the accompanying condensed consolidated balance sheets. Amortization of capitalized cloud computing costs for the three and six months ended September 30, 2023 was $0.2 million and $0.4 million, respectively. Amortization of capitalized cloud computing costs for the three and six months ended October 1, 2022 was $0.2 million and $0.4 million, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration