Annual report pursuant to Section 13 and 15(d)

Goodwill

v3.3.1.900
Goodwill
 12 Months Ended
Jan. 02, 2016
Goodwill

Note F — Goodwill

Changes in goodwill are summarized by business segment as follows:

 

     Outdoor &
Action Sports 		    Jeanswear     Imagewear      Sportswear      Contemporary
Brands		     Total  
     In thousands  

Balance, December 2013

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

Impairment charge

      —        —        —         —         (142,361 )      (142,361 ) 

Currency translation

      (45,445 )      (8,988 )      —         —         —        (54,433 ) 
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Balance, December 2014

      1,389,453        219,442        58,747         157,314         —        1,824,956   

Currency translation

      (29,978 )      (6,571 )      —         —         —        (36,549 ) 
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

Balance, December 2015

    $ 1,359,475      $ 212,871      $ 58,747       $ 157,314       $ —      $ 1,788,407   
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

 

VF did not record any impairment charges in 2015 or 2013 based on the results of its annual goodwill impairment testing. In 2014, VF recorded an impairment charge of $142.4 million to write off the goodwill in the Splendid® and Ella Moss® reporting unit, which is part of the Contemporary Brands coalition. Accumulated impairment charges for the Contemporary Brands coalition were $337.5 million as of December 2015 and 2014, and $195.2 million as of December 2013. Accumulated impairment charges for the Outdoor & Action Sports and Sportswear coalitions were $43.4 million and $58.5 million, respectively, for all of the periods presented above. See Note S for additional information on the fair value measurements.