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Goodwill and Intangible Assets | 12 Months Ended
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Mar. 31, 2012
Goodwill and Intangible Assets [Abstract] |
Goodwill and Intangible Assets | NOTE 5 — GOODWILL AND INTANGIBLE ASSETS The changes in goodwill during fiscal 2012 and 2011 were as follows:
|  | (Dollars in thousands) |
Balance at March 27, 2010 |  | $ | 90,372 |
Acquisitions or other adjustments |  |  | 8,163 |
Balance at March 26, 2011 |  |  | 98,535 |
Acquisitions or other adjustments |  |  | 34,121 |
Balance at March 31, 2012 |  | $ | 132,656 |
In fiscal 2012 and 2011, the other adjustments relates to purchase accounting adjustments for the fiscal 2011 and 2010 acquisitions, respectively. The composition of other intangible assets is as follows:
|  | Year Ended Fiscal March |
|  | 2012 |  |  | 2011 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |
|  | (Dollars in thousands) |
Customer lists |  | $ | 9,539 |  |  | $ | 4,217 |  |  | $ | 7,629 |  |  | $ | 3,112 |
Trade names |  |  | 6,932 |  |  |  | 3,286 |  |  |  | 6,932 |  |  |  | 2,921 |
Favorable leases |  |  | 7,269 |  |  |  | 1,314 |  |  |  | 5,390 |  |  |  | 788 |
Other intangible assets |  |  | 645 |  |  |  | 396 |  |  |  | 645 |  |  |  | 269 |
Total intangible assets |  | $ | 24,385 |  |  | $ | 9,213 |  |  | $ | 20,596 |  |  | $ | 7,090 |
The Company’s intangible assets are being amortized over their estimated useful lives. The weighted average useful lives of the Company’s intangible assets are approximately 10 years for customer lists, 12 years for trade names, 15 years for favorable leases and five years for other intangible assets. Amortization of intangible assets during fiscal 2012, 2011 and 2010 totaled $1.6 million, $1.4 million and $.9 million, respectively. Estimated future amortization of intangible assets is as follows:
Year Ending Fiscal March |  | (Dollars in thousands) |
2013 |  | $ | 1,534 |
2014 |  |  | 1,441 |
2015 |  |  | 1,248 |
2016 |  |  | 1,113 |
2017 |  |  | 675 |

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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 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267 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=6905858&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 42, 43, 44, 45, 46, 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. 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=6905858&loc=d3e16373-109275 Reference 5: 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=6905858&loc=d3e16323-109275 Reference 6: 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=6905597&loc=d3e13854-109267 + Details
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