VF Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Commitments (Tables)

Commitments (Tables)

12 Months Ended

Jan. 02, 2016

Rent expense, net of sublease income which was not significant in any period included in the Consolidated Statements of Income

Rent expense, net of sublease income that was not significant in any period, was included in the Consolidated Statements of Income as follows:


	2015		2014		2013
	In thousands
Minimum rent expense	$	347,591	$	335,771	$	294,056
Contingent rent expense		26,192		23,335		14,175

Rent expense	$	373,783	$	359,106	$	308,231

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References + Details