Goodwill and Other Intangibles

9 Months Ended

Jan. 01, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangibles, net, consisted of the following (in thousands):


	January 1, 2022						April 3, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Indefinite-lived
Goodwill	$	101,945	$	—	$	101,945	$	75,090	$	—	$	75,090
Trademarks and trade names	15,680		—		15,680		8,900		—		8,900
State insurance licenses	1,100		—		1,100		1,100		—		1,100
	118,725		—		118,725		85,090		—		85,090
Finite-lived
Customer relationships	19,500		(7,902)		11,598		11,300		(7,097)		4,203
Other	1,924		(1,320)		604		1,424		(1,264)		160
	$	140,149	$	(9,222)	$	130,927	$	97,814	$	(8,361)	$	89,453

Changes in the carrying amount of Goodwill were as follows for the nine months ended January 1, 2022 (in thousands). See Note 22 for further information.


Balance at beginning of period	$	75,090
Goodwill recognized on Craftsman acquisition	4,363
Goodwill recognized on Commodore acquisition	22,492
Balance at end of period	$	101,945

Amortization expense recognized on intangible assets was $523,000 and $186,000 for the three months ended January 1, 2022 and December 26, 2020, respectively. Amortization expense recognized on intangible assets was $862,000 and $560,000 for the nine months ended January 1, 2022 and December 26, 2020, respectively.

Expected amortization for future fiscal years is as follows (in thousands):


Remainder of fiscal year	$	1,233
2023	1,679
2024	1,339
2025	1,300
2026	1,258
2027	1,135
Thereafter	4,258