Goodwill and Other Intangibles

6 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

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


	September 30, 2023						April 1, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Indefinite-lived
Goodwill	$	116,015	$	—	$	116,015	$	114,547	$	—	$	114,547
Trademarks and trade names	16,980		—		16,980		16,980		—		16,980
State insurance licenses	1,100		—		1,100		1,100		—		1,100
	134,095		—		134,095		132,627		—		132,627
Finite-lived
Customer relationships	15,000		(4,616)		10,384		16,900		(5,818)		11,082
Other	1,114		(573)		541		1,114		(486)		628
	$	150,209	$	(5,189)	$	145,020	$	150,641	$	(6,304)	$	144,337

During the six months ended September 30, 2023, fair value adjustments were made to certain assets and liabilities of Solitaire Homes in connection with the purchase accounting measurement period. This resulted in additional Goodwill of $1.0 million. See Note 21.

Amortization expense recognized on intangible assets for the three and six months ended September 30, 2023 was $0.4 million and $0.8 million, respectively. Amortization expense recognized on intangible assets for the three and six months ended October 1, 2022 was $0.5 million and $1.0 million, respectively. Customer relationships have a weighted average remaining life of 7.4 years and other finite lived intangibles have a weighted average remaining life of 3.0 years.

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


Remainder of fiscal year 2024	$	785
Fiscal 2025	1,530
Fiscal 2026	1,488
Fiscal 2027	1,415
Fiscal 2028	1,299
Fiscal 2029	1,265
Thereafter	3,143
	$	10,925