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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

6 Months Ended

Jul. 01, 2017

Goodwill and Intangible Assets Disclosure [Abstract]



			June 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	$	258,849	$	127,868	$	130,981	$	128,422
License agreements	28 years	Accelerated and straight-line	109,146		61,134		48,012		49,682
Trademark	16 years	Straight-line	58,132		5,450		52,682		54,499
Other	9 years	Straight-line	9,465		3,485		5,980		3,297
Amortizable intangible assets, net							237,655		235,900
Indefinite-lived intangible assets:
Trademarks and trade names							1,657,632		1,561,371
Intangible assets, net							$	1,895,287	$	1,797,271

Amortization expense for the second quarter and first six months of 2017 was $5.4 million and $10.7 million, respectively. 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 $21.5 million, $20.9 million, $20.3 million, $19.4 million and $18.5 million, respectively.