Goodwill and Intangible Assets

12 Months Ended

Mar. 26, 2022

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

Note 6 – Goodwill and Intangible Assets

Reconciliation of Changes in Goodwill
(thousands)		2022		2021
Balance at beginning of period	$	689,524	$	671,843
Current fiscal year acquisitions		87,277		17,677
Adjustments to prior fiscal year acquisitions		(87)		4
Balance at end of period	$	776,714	$	689,524

Intangible Assets	March 26, 2022				March 27, 2021
		Gross		Accumulated		Gross		Accumulated
(thousands)		Carrying Amount		Amortization		Carrying Amount		Amortization
Customer lists	$	38,090	$	24,406	$	36,000	$	21,932
Trade names		19,482		11,436		18,452		10,321
Franchise agreements and reacquired rights		8,800		3,848		7,100		3,231
Other intangible assets		50		50		50		50
Total	$	66,422	$	39,740	$	61,602	$	35,534

Estimated Weighted Average Useful Lives	Life (Years)
Customer lists	10
Trade names	15
Franchise agreements and reacquired rights	12
Other intangible assets	20

Amortization expense was $4.2 million, $4.1 million, and $4.8 million for 2022, 2021, and 2020, respectively.

Estimated Future Amortization Expense
(thousands)		Amortization
2023	$	4,197
2024		3,837
2025		3,480
2026		3,260
2027		2,910