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Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASߣ¹ÜÍøÕ¾TS

v3.23.2
INTANGIBLE ASߣ¹ÜÍøÕ¾TS
 3 Months Ended
Jul. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
INTANGIBLE ASߣ¹ÜÍøÕ¾TS INTANGIBLE ASߣ¹ÜÍøÕ¾TS
Ìý Ìý Ìý June 2023 March 2023
(In thousands) Weighted
Average
Amortization
Period		 Amortization
Method		 Cost Accumulated
Amortization		 Net
Carrying
Amount		 Net
Carrying
Amount
AmortizableÌýintangibleÌýassets:
Customer relationships and other 19 years Accelerated $ 263,268Ìý $ 177,711Ìý $ 85,557Ìý $ 88,902Ìý
Indefinite-lived intangible assets:
Trademarks and trade names 2,555,270Ìý 2,553,919Ìý
Intangible assets, net $ 2,640,827Ìý $ 2,642,821Ìý
Amortization expense for the three months ended June 2023 was $3.5 million. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2024 is $13.6 million, $13.1 million, $12.1 million, $11.7 million and $10.7 million, respectively.