ÂÒÂ×°ÍÊ¿

Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.20.2
INTANGIBLE ASSETS
 3 Months Ended
Jun. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
INTANGIBLE ASSETS INTANGIBLE ASSETS
Ìý Ìý Ìý June 2020 March 2020
(In thousands) Weighted
Average
Amortization
Period		 Amortization
Method		 Cost Accumulated
Amortization		 Net
Carrying
Amount		 Net
Carrying
Amount
AmortizableÌýintangibleÌýassets:
Customer relationships 18 years Accelerated $ 278,522Ìý Ìý $ 144,548Ìý Ìý $ 133,974Ìý Ìý $ 137,017Ìý Ìý
License agreements 19 years Accelerated 7,542Ìý Ìý 5,019Ìý Ìý 2,523Ìý Ìý 2,548Ìý Ìý
Other 8 years Straight-line 8,086Ìý Ìý 5,376Ìý Ìý 2,710Ìý Ìý 2,909Ìý Ìý
Amortizable intangible assets, net 139,207Ìý Ìý 142,474Ìý Ìý
Indefinite-lived intangible assets:
Trademarks and trade names 1,716,557Ìý Ìý 1,712,071Ìý Ìý
Intangible assets, net $ 1,855,764Ìý Ìý $ 1,854,545Ìý Ìý

Intangible assets increased during the three months ended June 2020 due to the impact of foreign currency fluctuations.
Amortization expense for the three months ended June 2020 was $4.4 million. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2021 is $17.5 million, $16.3 million, $15.2 million, $14.6 million and $14.2 million, respectively.