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Intangible Assets and Goodwill | 12 Months Ended
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Apr. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Intangible Assets and Goodwill The following table details the carrying values of the Company's intangible assets that are subject to amortization (in millions):
| April 2, 2016 |  | March 28, 2015
| Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Trademarks | $ | 23.0 |  |  | $ | 15.1 |  |  | $ | 7.9 |  |  | $ | 23.0 |  |  | $ | 14.0 |  |  | $ | 9.0 |
Lease Rights | 73.3 |  |  | 17.8 |  |  | 55.5 |  |  | 61.1 |  |  | 8.6 |  |  | 52.5 |
Customer Relationships | 4.2 |  |  | 0.2 |  |  | 4.0 |  |  | — |  |  | — |  |  | — |
| $ | 100.5 |  |  | $ | 33.1 |  |  | $ | 67.4 |  |  | $ | 84.1 |  |  | $ | 22.6 |  |  | $ | 61.5 |
The trademarks relate to the Company’s brand name and are amortized over twenty years. Customer lists are amortized over five to ten years. Lease rights are amortized over the respective terms of the underlying lease, including highly probable renewal periods. Amortization expense was $11.0 million, $7.0 million and $3.1 million, respectively, for each of the fiscal years ended April 2, 2016, March 28, 2015 and March 29, 2014. Estimated amortization expense for each of the next five years is as follows (in millions):
Fiscal 2017 | $ | 8.7 |
Fiscal 2018 | 8.7 |
Fiscal 2019 | 8.6 |
Fiscal 2020 | 8.6 |
Fiscal 2021 | 8.4 |
Thereafter | 24.4 |
| $ | 67.4 |
The future amortization expense above reflects weighted-average estimated remaining useful lives of 8.6 years for lease rights, 6.8 years for trademarks and 6.9 years for customer lists. There were no impairment charges related to the Company’s lease rights, trademarks or customer lists during any of the periods presented. The following table details the changes in goodwill for each of the Company's reportable segments (in millions):
| Retail |  | Wholesale |  | Licensing |  | Total
Balance at March 28, 2015 | $ | — |  |  | $ | 12.1 |  |  | $ | 1.9 |  |  | $ | 14.0 |
Acquisition of controlling interest in MK Panama (Note 3) | 8.0 |  |  | 1.2 |  |  | — |  |  | 9.2 |
Balance at April 2, 2016 | $ | 8.0 |  |  | $ | 13.3 |  |  | $ | 1.9 |  |  | $ | 23.2 |
The Company's goodwill is not subject to amortization but is evaluated for impairment annually in the last quarter of each fiscal year, or whenever impairment indicators exist. The Company evaluated goodwill during the fourth fiscal quarter of Fiscal 2016, and determined that there was no impairment (See Note 11 for additional information). As of April 2, 2016, cumulative impairment related to goodwill totaled $5.4 million. There were no charges related to the impairment of goodwill in any of the periods presented.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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