XML 25 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
Intangible Assets and Goodwill
3 Months Ended
Jun. 30, 2018
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 other than goodwill (in millions):
 
June 30,
2018
 
March 31,
2018
Definite-lived intangible assets:
 
 
 
Reacquired Rights
$
400.4

 
$
400.4

Trademarks
23.0

 
23.0

Lease Rights
71.2

 
80.1

Customer Relationships
218.3

 
231.3

Total definite-lived intangible assets
712.9

 
734.8

Less: accumulated amortization
(114.0
)
 
(113.2
)
Net definite-lived intangible assets
598.9

 
621.6

 
 
 
 
Indefinite-lived intangible assets:
 
 
 
Jimmy Choo brand
579.2

 
614.1

 
 
 
 
Total intangible assets, excluding goodwill
$
1,178.1

 
$
1,235.7


Amortization expense for the Company’s definite-lived intangibles assets for the three months ended June 30, 2018 and July 1, 2017 was $8.5 million and $5.1 million, respectively. During the three months ended June 30, 2018, the Company recorded impairment charges of $0.6 million relating to its intangible assets (See Note 12 for further information).
The Company’s goodwill balance as of June 30, 2018 and March 31, 2018 was $806.2 million and $847.7 million, respectively. There were no goodwill impairment charges recorded during the three months ended June 30, 2018 and July 1, 2017.