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

Sep. 28, 2013

Note F — Intangible Assets


Dollars in thousands	Weighted Average Amortization Period	Amortization methods	September 2013						December 2012
Dollars in thousands	Weighted Average Amortization Period	Amortization methods	Cost		Accumulated Amortization		Net Carrying Amount		Net Carrying Amount
Amortizable intangible assets:
Customer relationships	19 years	Accelerated	$	623,267	$	200,748	$	422,519	$	442,446
License agreements	24 years	Accelerated and straight-line		184,027		74,295		109,732		115,742
Other	8 years	Straight-line		16,071		9,043		7,028		8,748

Amortizable intangible assets, net								539,279		566,936

Indefinite-lived intangible assets:
Trademarks and trade names								2,400,092		2,350,122

Intangible assets, net							$	2,939,371	$	2,917,058

Amortization expense for the third quarter and first nine months of 2013 was $11.5 million and $34.5 million, respectively. Estimated amortization expense for the next five years is:


Year	Estimated Amortization Expense
2013	$	45.8
2014	$	44.1
2015	$	42.1
2016	$	40.8
2017	$	39.5