GOODWILL AND PURCHASED INTANGIBLE ASSETS

9 Months Ended

Dec. 26, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND PURCHASED INTANGIBLE ASSETS

Goodwill

The changes in the carrying amount of goodwill allocated to the Company's reporting segments for the periods ended December 26, 2020 and March 28, 2020 are as follows:


(in thousands)	Poly Reportable Segment		Products Reportable Segment		Services Reportable Segment		Total Consolidated
Balance as of March 30, 2019	$	1,278,380	$	—	$	—	$	1,278,380
Adjustments(1)	1,517						1,517
Impairment prior to re-segmentation	(323,088)		—		—		(323,088)
Allocation due to re-segmentation	(956,809)		789,561		167,248		—
Impairment after re-segmentation	—		(160,593)		—		(160,593)
Balance as of March 28, 2020	$	—	$	628,968	$	167,248	$	796,216
Balance as of December 26, 2020	$	—	$	628,968	$	167,248	$	796,216

(1) Represents measurement period adjustments.

During the fourth quarter of Fiscal Year 2020, the Company experienced a sustained decrease in its stock price and determined that it was more likely than not that the carrying value of the Company's reporting units exceeded their fair value. Additionally, during the fourth quarter of Fiscal Year 2020, the Company made key changes to its executive management, which ultimately resulted in a change to the composition of its reportable segments and consequently a change from one to four reporting units – Headsets, Voice, Video, and Services. These changes resulted in an impairment charge of $483.7 million in the fourth quarter of Fiscal Year 2020.

Other Intangible Assets

As of December 26, 2020, and March 28, 2020, the carrying value of other intangibles, is as follows:


As of	December 26, 2020						March 28, 2020
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Useful Life
Amortizing Assets
Existing technology	$	427,123	$	(260,833)	$	166,290	$	427,123	$	(208,848)	$	218,275	2.6 years
Customer relationships	240,024		(117,756)		122,268		240,024		(84,506)		155,518		3.4 years
Trade name/Trademarks	115,600		(32,111)		83,489		115,600		(22,478)		93,122		6.5 years
Total intangible assets	$	782,747	$	(410,700)	$	372,047	$	782,747	$	(315,832)	$	466,915	3.7 years

During the three and nine months ended December 26, 2020, the Company recognized $30.7 million and $94.5 million, respectively, in amortization expense. During the three and nine months ended December 28, 2019 the Company recognized $46.1 million and $137.4 million, respectively, in amortization expense.

As of December 26, 2020, expected amortization expense for other intangible assets for each of the next five years and thereafter is as follows:


in thousands	Amount
2021 (remaining three months)	$	30,434
2022	113,858
2023	111,232
2024	65,936
2025	21,688
Thereafter	28,899
	$	372,047