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Goodwill and Intangible Assets | 12 Months Ended
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Mar. 30, 2019
Goodwill and Intangible Assets [Abstract] |
Goodwill and Intangible Assets | NOTE 5 – GOODWILL AND INTANGIBLE ASSETS ﻿ The changes in goodwill during fiscal 2019 and 2018 were as follows: ﻿ ﻿
﻿ |  |  |
﻿ |  |  |
﻿ |  | Dollars in thousands
﻿Balance at March 25, 2017 |  | $ | 501,736
﻿Fiscal 2018 acquisitions |  |  | 19,825
﻿Adjustments to fiscal 2017 purchase accounting |  |  | 1,331
﻿Balance at March 31, 2018 |  |  | 522,892
﻿Fiscal 2019 acquisitions |  |  | 42,124
﻿Adjustments to fiscal 2018 purchase accounting |  |  | 487
﻿Balance at March 30, 2019 |  | $ | 565,503
﻿ The composition of other intangible assets is as follows: ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Year Ended Fiscal March
﻿ |  | 2019 |  | 2018
﻿ |  | Gross |  |  |  |  | Gross |  |  |
﻿ |  | Carrying |  | Accumulated |  | Carrying |  | Accumulated
﻿ |  | Amount |  | Amortization |  | Amount |  | Amortization
﻿ |  | (Dollars in thousands)
﻿Customer lists |  | $ | 39,710 |  | $ | 23,258 |  | $ | 33,832 |  | $ | 19,637
﻿Favorable leases |  |  | 30,315 |  |  | 11,049 |  |  | 27,656 |  |  | 9,470
﻿Trade names |  |  | 21,252 |  |  | 10,851 |  |  | 20,852 |  |  | 9,644
﻿Franchise agreements |  |  | 7,220 |  |  | 2,259 |  |  | 7,220 |  |  | 1,713
﻿Other intangible assets |  |  | 590 |  |  | 563 |  |  | 590 |  |  | 543
﻿Total intangible assets |  | $ | 99,087 |  | $ | 47,980 |  | $ | 90,150 |  | $ | 41,007
Monro’s intangible assets are being amortized over their estimated useful lives. The weighted average useful lives of Monro’s intangible assets are approximately 10 years for customer lists, 13 years for favorable leases, 14 years for trade names, 13 years for franchise agreements and five years for other intangible assets. ﻿ Amortization of intangible assets, excluding amortization of favorable leases included in rent expense, during fiscal 2019, 2018 and 2017 totaled $5.3 million, $5.0 million and $5.1 million, respectively. ﻿ Estimated future amortization of intangible assets is as follows: ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | Customer lists/ |  |  |
﻿ |  | Trade names/ |  |  |
﻿ |  | Franchise agreements/ |  | Favorable
﻿Year Ending Fiscal March |  | Other |  | Leases
﻿ |  | (Dollars in thousands)
﻿2020 |  | $ | 4,606 |  | $ | 2,464
﻿2021 |  |  | 3,701 |  |  | 2,430
﻿2022 |  |  | 3,378 |  |  | 2,281
﻿2023 |  |  | 3,123 |  |  | 2,156
﻿2024 |  |  | 2,759 |  |  | 1,946

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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