Goodwill and Intangible Assets

12 Months Ended

Mar. 27, 2021

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

Note 6 – Goodwill and Intangible Assets

Reconciliation of Changes in Goodwill
(thousands)		2021		2020
Balance at beginning of period	$	671,843	$	565,503
Current fiscal year acquisitions		17,677		106,930
Adjustments to prior fiscal year acquisitions		4		(590)
Balance at end of period	$	689,524	$	671,843

Intangible Assets	March 27, 2021				March 28, 2020
		Gross		Accumulated		Gross		Accumulated
(thousands)		Carrying Amount		Amortization		Carrying Amount		Amortization
Customer lists	$	36,000	$	21,932	$	42,511	$	26,333
Trade names		18,452		10,321		21,252		12,072
Franchise agreements		7,100		3,231		7,220		2,805
Other intangible assets		50		50		590		582
Total	$	61,602	$	35,534	$	71,573	$	41,792

Estimated Weighted Average Useful Lives	Life (Years)
Customer lists	10
Trade names	15
Franchise agreements	13
Other intangible assets	20

Amortization expense was $4.1 million, $4.8 million and $5.3 million for 2021, 2020 and 2019, respectively.

Estimated Future Amortization Expense
(thousands)		Amortization
2022	$	3,838
2023		3,583
2024		3,223
2025		2,866
2026		2,646