Annual report pursuant to Section 13 and 15(d)

GOODWILL

v3.22.1
GOODWILL
 12 Months Ended
Apr. 02, 2022
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 2020 $ 653,433  $ 389,848  $ 112,738  $ 1,156,019 
Supreme acquisition (Note 3) —  1,250,311  —  1,250,311 
Currency translation 11,845  5,610  1,642  19,097 
Balance, March 2021 665,278  1,645,769  114,380  2,425,427 
Measurement period adjustment to Supreme acquisition (Note 3) —  (717) —  (717)
Currency translation (4,492) (25,931) (480) (30,903)
Balance, March 2022 $ 660,786  $ 1,619,121  $ 113,900  $ 2,393,807 

VF did not record any impairment charges in the years ended March 2022 or 2021 based on the results of its goodwill impairment testing. In the year ended March 2020, VF recorded an impairment charge of $323.2 million related to the Timberland reporting unit, which is part of the Outdoor segment. Refer to Note 23 for additional information on fair value measurements.
Accumulated impairment charges for the Outdoor segment were $323.2 million as of March 2022 and March 2021.