VF Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Goodwill

Goodwill

12 Months Ended

Dec. 28, 2013

Note G — Goodwill

Changes in goodwill are summarized by business segment as follows:


	Outdoor &										Contemporary
	Action Sports			Jeanswear			Imagewear		Sportswear		Brands		Total
	In thousands
Balance, December 2011	$	1,437,596		$	228,421		$	57,768	$	157,314	$	142,361	$	2,023,460
Adjustments to purchase price allocation		(19,991	)		—			—		—		—		(19,991	)
Contingent consideration		—			—			979		—		—		979
Currency translation		4,887			422			—		—		—		5,309

Balance, December 2012		1,422,492			228,843			58,747		157,314		142,361		2,009,757
Currency translation		12,406			(413	)		—		—		—		11,993

Balance, December 2013	$	1,434,898		$	228,430		$	58,747	$	157,314	$	142,361	$	2,021,750

There were no impairment charges required in 2013, 2012 or 2011 based on the results of VF’s annual goodwill impairment testing. Accumulated impairment charges for the Outdoor & Action Sports, Sportswear and Contemporary Brands Coalitions were $43.4 million, $58.5 million and $195.2 million, respectively, for all of the periods presented above.