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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

3 Months Ended

Apr. 01, 2017

Goodwill and Intangible Assets Disclosure [Abstract]



			March 2017						December 2016
In thousands	Weighted Average Amortization Period	Amortization Methods	Cost		Accumulated Amortization		Net Carrying Amount		Net Carrying Amount
Amortizable intangible assets:
Customer relationships	20 years	Accelerated	$	245,970	$	119,018	$	126,952	$	128,422
License agreements	28 years	Accelerated and straight-line	108,736		59,964		48,772		49,682
Trademark	16 years	Straight-line	58,132		4,541		53,591		54,499
Other	8 years	Straight-line	9,108		3,051		6,057		3,297
Amortizable intangible assets, net							235,372		235,900
Indefinite-lived intangible assets:
Trademarks and trade names							1,578,726		1,561,371
Intangible assets, net							$	1,814,098	$	1,797,271

Amortization expense for the first quarter of 2017 was $5.3 million. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five 12-month periods beginning in 2017 is $21.0 million, $20.5 million, $19.9 million, $19.0 million and $18.2 million, respectively.