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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

9 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]



			September 2017						December 2016
In thousands	Weighted Average Amortization Period	Amortization Method	Cost		Accumulated Amortization		Net Carrying Amount		Net Carrying Amount
Amortizable intangible assets:
Customer relationships	20 years	Accelerated	$	265,725	$	134,246	$	131,479	$	128,422
License agreements	28 years	Accelerated	109,370		62,278		47,092		49,682
Trademark	16 years	Straight-line	58,132		6,358		51,774		54,499
Other	9 years	Straight-line	9,658		3,846		5,812		3,297
Amortizable intangible assets, net							236,157		235,900
Indefinite-lived intangible assets:
Trademarks and trade names							1,700,365		1,561,371
Intangible assets, net							$	1,936,522	$	1,797,271

Amortization expense for the third quarter and first nine months of 2017 was $5.6 million and $16.3 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 $21.9 million, $21.9 million, $21.3 million, $20.4 million and $19.4 million, respectively.