Goodwill and Other Intangibles

12 Months Ended

Apr. 01, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

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


	April 1, 2023						April 2, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Indefinite-lived:
Goodwill	$	114,547	$	—	$	114,547	$	100,993	$	—	$	100,993
Trademarks and trade names	16,980		—		16,980		15,680		—		15,680
State insurance licenses	1,100		—		1,100		1,100		—		1,100
	132,627		—		132,627		117,773		—		117,773
Finite lived:
Customer relationships	16,900		(5,818)		11,082		19,500		(8,392)		11,108
Other	1,114		(486)		628		1,924		(1,353)		571
	$	150,641	$	(6,304)	$	144,337	$	139,197	$	(9,745)	$	129,452

Changes in the carrying amount of Goodwill were as follows for the years ended April 1, 2023 and April 2, 2022 (in thousands). See Note 23 for further information.


	April 1, 2023		April 2, 2022
Balance at beginning of period	$	100,993	$	75,090
Change in goodwill from Solitaire Homes acquisition	13,970		—
Change in goodwill from Commodore acquisition	(416)		21,308
Change in goodwill from Craftsman acquisition	—		4,595
Balance at end of period	$	114,547	$	100,993

Amortization expense recognized on intangible assets was $2.1 million during fiscal year 2023, $1.4 million during fiscal year 2022 and $0.7 million during fiscal year 2021. Customer relationships have a weighted average remaining life of 7.9 years and other finite lived intangibles have a weighted average remaining life of 3.5 years.

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


2024	$	1,569
2025	1,530
2026	1,488
2027	1,415
2028	1,299
Thereafter	4,409
	$	11,710