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Intangible Assets, net (Tables) | 3 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Reconciliation of the Activity Affecting Finite Lived Intangible Assets | A reconciliation of the activity affecting intangible assets, net is as follows:
(In thousands) | Indefinite- Lived Trademarks |  | Finite-Lived Trademarks and Customer Relationships |  | Totals
Gross Carrying Amounts |  |  |  |  |
Balance — March 31, 2023 | $ | 2,168,902 |  |  | $ | 411,118 |  |  | $ | 2,580,020 |
Effects of foreign currency exchange rates | (671) |  |  | (145) |  |  | (816) |
Balance — June 30, 2023 | $ | 2,168,231 |  |  | $ | 410,973 |  |  | $ | 2,579,204 |
Accumulated Amortization |  |  |  |  |
Balance — March 31, 2023 | $ | — |  |  | $ | 238,127 |  |  | $ | 238,127 |
Additions | — |  |  | 4,953 |  |  | 4,953 |
Effects of foreign currency exchange rates | — |  |  | (13) |  |  | (13) |
Balance — June 30, 2023 | $ | — |  |  | $ | 243,067 |  |  | $ | 243,067 |
Intangible assets, net - June 30, 2023 | $ | 2,168,231 |  |  | $ | 167,906 |  |  | $ | 2,336,137 |
Reconciliation of the Activity Affecting Indefinite Lived Intangible Assets | A reconciliation of the activity affecting intangible assets, net is as follows:
(In thousands) | Indefinite- Lived Trademarks |  | Finite-Lived Trademarks and Customer Relationships |  | Totals
Gross Carrying Amounts |  |  |  |  |
Balance — March 31, 2023 | $ | 2,168,902 |  |  | $ | 411,118 |  |  | $ | 2,580,020 |
Effects of foreign currency exchange rates | (671) |  |  | (145) |  |  | (816) |
Balance — June 30, 2023 | $ | 2,168,231 |  |  | $ | 410,973 |  |  | $ | 2,579,204 |
Accumulated Amortization |  |  |  |  |
Balance — March 31, 2023 | $ | — |  |  | $ | 238,127 |  |  | $ | 238,127 |
Additions | — |  |  | 4,953 |  |  | 4,953 |
Effects of foreign currency exchange rates | — |  |  | (13) |  |  | (13) |
Balance — June 30, 2023 | $ | — |  |  | $ | 243,067 |  |  | $ | 243,067 |
Intangible assets, net - June 30, 2023 | $ | 2,168,231 |  |  | $ | 167,906 |  |  | $ | 2,336,137 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | Finite-lived intangible assets are expected to be amortized over their estimated useful life, which ranges from a period of 10 to 25 years, and the estimated amortization expense for each of the five succeeding years and the periods thereafter is as follows (in thousands):
(In thousands) |
Year Ending March 31, | Amount
2024 (remaining nine months ended March 31, 2024) | $ | 15,433 |
2025 | 18,906 |
2026 | 16,956 |
2027 | 15,363 |
2028 | 13,017 |
Thereafter | 88,231 |
| $ | 167,906 |

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