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

Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

INTANGIBLE ASSETS

9 Months Ended

Dec. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]



			December 2019						March 2019
(In thousands)	Weighted Average Amortization Period	Amortization Method	Cost		Accumulated Amortization		Net Carrying Amount		Net Carrying Amount
Amortizable intangible assets:
Customer relationships	17 years	Accelerated	$	330,196	$	151,286	$	178,910	$	197,129
License agreements	19 years	Accelerated	7,516		4,893		2,623		2,807
Trademark	3 years	Straight-line	800		575		225		399
Other	8 years	Straight-line	8,213		4,976		3,237		4,032
Amortizable intangible assets, net							184,995		204,367
Indefinite-lived intangible assets:
Trademarks and trade names							1,763,237		1,767,997
Intangible assets, net							$	1,948,232	$	1,972,364

Intangible assets decreased during the nine months ended December 2019 due to amortization and the impact of foreign currency fluctuations.

Amortization expense for the three and nine months ended December 2019 was $6.1 million and $18.6 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2020 is $25.5 million, $24.1 million, $22.6 million, $21.2 million and $20.4 million, respectively.