Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.24.4
INTANGIBLE ASSETS
 9 Months Ended
Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
      December 2024 March 2024
(In thousands) Weighted
Average
Amortization
Period		 Amortization
Method		 Cost Accumulated
Amortization		 Net
Carrying
Amount		 Net
Carrying
Amount
Amortizable intangible assets:
Customer relationships and other 19 years Accelerated $ 259,195  $ 194,883  $ 64,312  $ 74,963 
Indefinite-lived intangible assets:
Trademarks and trade names 1,642,429  1,701,519 
Intangible assets, net $ 1,706,741  $ 1,776,482 
During the three months ended December 2024, VF performed an interim impairment analysis of the Dickies indefinite-lived trademark intangible asset and recorded an impairment charge of $51.0 million to reduce the carrying value to fair value. Refer to Note 16 for additional information on fair value measurements.
Amortization expense for the three and nine months ended December 2024 was $3.3 million and $10.0 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2025 is $13.1 million, $12.1 million, $11.6 million, $10.7 million and $9.7 million, respectively.