Goodwill represents the excess of the purchase price over the fair value of net identifiable assets acquired in business combinations. For the purpose of presenting and measuring for the impairment of goodwill, the Company has reporting units: that produces and markets infant and toddler bedding, blankets and accessories and another that produces and markets infant and toddler bibs, developmental toys, bath care and disposable products. The goodwill of the reporting units of the Company as of amounted to million, which was increased by million and as a result of the Carousel Acquisition and the Sassy Acquisition, respectively, as the excess of the acquisition cost over the fair values of the identifiable tangible and intangible assets acquired. Thus, as of the goodwill of the reporting units of the Company amounted to million, which is reflected in the consolidated balance sheets net of accumulated impairment charges of million, for a net reported balance of million.

 

Effective as of the Company adopted ASU - the intent of which was to simplify the measurement of goodwill for impairment. The Company measures for impairment the goodwill within its reporting units annually as of the day of the Company’s fiscal year. An additional interim measurement for impairment is performed during the year whenever an event or change in circumstances occurs that suggests that the fair value of either of the reporting units of the Company has more likely than (defined as having a likelihood of greater than ) fallen below its carrying value. The annual or interim measurement for impairment is performed by assessing qualitative factors to determine whether it is more likely than that the fair value of a reporting unit is less than its carrying amount. If such qualitative factors so indicate, then the measurement for impairment is continued by calculating an estimate of the fair value of each reporting unit and comparing the estimated fair value to the carrying value of the reporting unit. If the carrying value exceeds the estimated fair value of the reporting unit, then an impairment charge is calculated as the difference between the carrying value of the reporting unit and its estimated fair value, to exceed the goodwill of the reporting unit.

 

On the Company performed the annual measurement for impairment of the goodwill of its reporting units and concluded that the estimated fair value of each of the Company’s reporting units exceeded their carrying values, and thus the goodwill of the Company’s reporting units was impaired as of that date.

Other intangible assets as of and consisted primarily of the fair value of identifiable assets acquired in business combinations other than tangible assets and goodwill. The gross amount and accumulated amortization of the Company’s other intangible assets as of and the amortization expense for fiscal years and and the classification of such amortization expense within the accompanying consolidated statements of income are as follows (in thousands):

 

		Gross Amount								Accumulated Amortization								Amortization Expense Fiscal Year Ended
		April 1,				April 2,				April 1,				April 2,				April 1,				April 2,				April 3,
		2018				2017				2018				2017				2018				2017				2016
Tradename and trademarks		$	3,667			$	1,987			$	1,270			$	1,066			$	204			$	133			$	132
Developed technology			1,100				-				73				-				73				-				-
Non-compete covenants			458				98				122				67				55				7				7
Patents			1,601				1,601				673				565				108				107				108
Customer relationships			7,374				5,534				4,790				4,394				396				507				501
Total other intangible assets		$	14,200			$	9,220			$	6,928			$	6,092			$	836			$	754			$	748
Classification within the accompanying consolidated statements of income:
Cost of products sold																		$	7			$	7			$	7
Marketing and administrative expenses																			829				747				741
Total amortization expense																		$	836			$	754			$	748

 

The Company estimates that its amortization expense will be and in fiscal years and respectively.