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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

9 Months Ended

Sep. 28, 2013

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

Estimated Amortization Expense

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