XML 33 R15.htm IDEA: XBRL DOCUMENT
v3.21.1

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Mar. 28, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Other Identifiable Intangible Assets The carrying amount of goodwill for each of our three reportable segments were as follows:
(In thousands) | Industrial | Water Treatment | Health and Nutrition | Total
Balance as of March 31, 2019 and March 29, 2020 | $ | 6,495 |  | $ | 7,000 |  | $ | 44,945 |  | $ | 58,440 |
Addition due to acquisitions | — |  | 12,280 |  | — |  | 12,280 |
Balance as of March 28, 2021 | $ | 6,495 |  | $ | 19,280 |  | $ | 44,945 |  | $ | 70,720 |
The following is a summary of our identifiable intangible assets as of March 28, 2021 and March 29, 2020:
|  | 2021
|  | Gross Amount |  | Accumulated Amortization |  | Net carrying value |  |
(In thousands) |  |  |  |  |  |  |  |
Finite-life intangible assets: |  |  |  |  |  |  |  |
Customer relationships |  | $ | 99,588 |  |  | $ | (26,522) |  |  | $ | 73,066 |  |  |
Trademarks and trade names |  | 6,210 |  |  | (4,275) |  |  | 1,935 |  |  |
Other finite-life intangible assets |  | 3,833 |  |  | (3,693) |  |  | 140 |  |  |
Total finite-life intangible assets |  | 109,631 |  |  | (34,490) |  |  | 75,141 |  |  |
Indefinite-life intangible assets |  | 1,227 |  |  | — |  |  | 1,227 |  |  |
Total intangible assets, net |  | $ | 110,858 |  |  | $ | (34,490) |  |  | $ | 76,368 |  |  |
|  | 2020
|  | Gross Amount |  | Accumulated Amortization |  | Net carrying value
(In thousands) |  |  |  |  |  |
Finite-life intangible assets: |  |  |  |  |  |
Customer relationships |  | $ | 78,383 |  |  | $ | (21,400) |  |  | $ | 56,983 |
Trademarks and trade names |  | 6,045 |  |  | (3,640) |  |  | 2,405 |
Other finite-life intangible assets |  | 3,648 |  |  | (3,610) |  |  | 38 |
Total finite-life intangible assets |  | 88,076 |  |  | (28,650) |  |  | 59,426 |
Indefinite-life intangible assets |  | 1,227 |  |  | — |  |  | 1,227 |
Total intangible assets, net |  | $ | 89,303 |  |  | $ | (28,650) |  |  | $ | 60,653 |
Intangible asset amortization expense was $5.8 million during fiscal 2021, $5.1 million during fiscal 2020, and $5.5 million during fiscal 2019. The estimated future amortization expense for identifiable intangible assets is as follows:
(In thousands) |  | Intangible Assets
Fiscal 2022 |  | $ | 6,235 |
Fiscal 2023 |  | 6,159 |
Fiscal 2024 |  | 6,112 |
Fiscal 2025 |  | 6,112 |
Fiscal 2026 |  | 6,012 |
Thereafter |  | $ | 44,511 |
Total |  | $ | 75,141 |

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 -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration