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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Mar. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill The changes in the carrying amount of goodwill for fiscal 2015 and 2014 are as follows:
(In thousands) |
Carrying amount as of March 30, 2013 | $ | 330,474 |
Hemerus acquisition | 6,425 |
Effects of change in foreign currency exchange rates | (131 | )
Carrying amount as of March 29, 2014 | $ | 336,768 |
Effects of change in foreign currency exchange rates | (2,458 | )
Carrying amount as of March 28, 2015 | $ | 334,310 |
Intangible Assets Intangible assets include the value assigned to license rights and other developed technology, patents, customer contracts and relationships and trade names. The estimated useful lives for all of these intangible assets are 2 to 19 years. The gross carrying amount of intangible assets and the related accumulated amortization as of March 28, 2015 and March 29, 2014 is as follows:
(In thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life
|  |  |  |  |  |  | (In years)
As of March 28, 2015 |  |  |  |  |  |  |  |  |
Patents | $ | 10,473 |  |  | $ | 7,373 |  |  | $ | 3,100 |  |  | 9
Capitalized software | 39,690 |  |  | 5,654 |  |  | 34,036 |  |  | 7
Other developed technology | 124,573 |  |  | 46,474 |  |  | 78,099 |  |  | 12
Customer contracts and related relationships | 195,985 |  |  | 70,440 |  |  | 125,545 |  |  | 10
Trade names | 7,042 |  |  | 3,234 |  |  | 3,808 |  |  | 11
Total intangibles | $ | 377,763 |  |  | $ | 133,175 |  |  | $ | 244,588 |  |  | 10
(In thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life
|  |  |  |  |  |  | (In years)
As of March 29, 2014 |  |  |  |  |  |  |  |  |
Patents | $ | 9,543 |  |  | $ | 7,039 |  |  | $ | 2,504 |  |  | 9
Capitalized software | 31,750 |  |  | 2,414 |  |  | 29,336 |  |  | 4
Other developed technology | 123,525 |  |  | 36,632 |  |  | 86,893 |  |  | 12
Customer contracts and related relationships | 200,694 |  |  | 52,741 |  |  | 147,953 |  |  | 12
Trade names | 7,341 |  |  | 2,868 |  |  | 4,473 |  |  | 11
Total intangibles | $ | 372,853 |  |  | $ | 101,694 |  |  | $ | 271,159 |  |  | 11
The changes to the net carrying value of our intangible assets from March 29, 2014 to March 28, 2015 reflect investment in capitalized software and other less significant intangible assets, amortization expense and the effect of exchange rate changes in the translation of our intangible assets held by our international subsidiaries. Aggregate amortization expense for amortized intangible assets for fiscal year 2015, 2014, and 2013 was $33.5 million, $29.2 million, and $22.1 million, respectively. Future annual amortization expense on intangible assets is estimated to be as follows:
Fiscal Year |  | Amount (in thousands)
2016 |  | $ | 33,752 |
2017 |  | $ | 32,998 |
2018 |  | $ | 32,165 |
2019 |  | $ | 30,470 |
2020 and thereafter |  | $ | 104,544 |

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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 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: 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 3: 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=26713463&loc=d3e16265-109275 Reference 4: 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=26713463&loc=d3e16373-109275 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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