Quarterly report pursuant to Section 13 or 15(d)

GOODWILL

v3.24.0.1
GOODWILL
 9 Months Ended
Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL GOODWILL
Changes in goodwill are summarized by reportable segment as follows:
(In thousands) Outdoor Active Work Total
Balance, March 2023 $ 653,787  $ 1,211,244  $ 113,382  $ 1,978,413 
Impairment charges (195,287) —  (61,809) (257,096)
Foreign currency translation 1,259  1,135  (73) 2,321 
Balance, December 2023 $ 459,759  $ 1,212,379  $ 51,500  $ 1,723,638 
During the three months ended December 2023, VF performed interim impairment analyses of the Timberland and Dickies reporting units and recorded impairment charges of $195.3 million and $61.8 million, respectively. The Timberland reporting unit is part of the Outdoor segment and the Dickies reporting unit is part of the Work segment. Refer to Note 16 for additional information on fair value measurements.
Accumulated impairment charges for the Outdoor segment were $518.5 million and $323.2 million as of December 2023 and March 2023, respectively. Accumulated impairment charges for the Active segment were $394.1 million as of December 2023 and March 2023, and accumulated impairment charges were $61.8 million for the Work segment as of December 2023.