VF Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

3 Months Ended

Mar. 29, 2014

Intangible Assets

Note E – Intangible Assets


Dollars in thousands		Weighted Average Amortization Period		Amortization methods		March 2014												December 2013
Dollars in thousands		Weighted Average Amortization Period		Amortization methods		Cost				Accumulated Amortization				Net Carrying Amount				Net Carrying Amount
Amortizable intangible assets:
Customer relationships		20 years		Accelerated		$	627,335			$	216,556			$	410,779			$	417,439
License agreements		24 years		Accelerated and straight-line			184,235				80,204				104,031				107,789
Other		8 years		Straight-line			15,920				10,471				5,449				6,524


Amortizable intangible assets, net															520,259				531,752

Indefinite-lived intangible assets:
Trademarks and trade names															2,426,700				2,428,449

Intangible assets, net														$	2,946,959			$	2,960,201

Amortization expense for the first quarter of 2014 was $11.2 million. Estimated amortization expense for the next five years is:


In millions		Estimated
Year		Amortization Expense
2014		$	44.6
2015			41.8
2016			40.5
2017			39.3
2018			38.7