Quarterly report pursuant to Section 13 or 15(d)

Business Segment Information (Tables)

v3.8.0.1
Business Segment Information (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Financial Information for Reportable Segments
Financial information for VF’s reportable segments is as follows:
 
Three Months Ended September
 
Nine Months Ended September
In thousands
2017
 
2016
 
2017
 
2016
Coalition revenues:
 
 
 
 
 
 
 
Outdoor & Action Sports
$
2,502,590

 
$
2,326,436

 
$
5,647,587

 
$
5,378,272

Jeanswear
697,701

 
701,416

 
1,945,950

 
2,041,186

Imagewear
138,885

 
127,992

 
423,859

 
404,633

Sportswear
140,272

 
140,705

 
352,848

 
373,977

Other
29,370

 
31,167

 
79,832

 
84,531

Total coalition revenues
$
3,508,818

 
$
3,327,716

 
$
8,450,076

 
$
8,282,599

Coalition profit: (a)
 
 
 
 
 
 
 
Outdoor & Action Sports
$
524,489

 
$
491,015

 
$
877,206

 
$
842,378

Jeanswear
121,218

 
142,427

 
323,994

 
388,564

Imagewear
22,377

 
23,981

 
72,349

 
74,497

Sportswear
17,488

 
15,080

 
27,764

 
26,156

Other
(737
)
 
(341
)
 
(3,225
)
 
(3,523
)
Total coalition profit
684,835

 
672,162

 
1,298,088

 
1,328,072

Impairment of goodwill (b)
(104,651
)
 

 
(104,651
)
 

Corporate and other expenses (a)
(96,567
)
 
(65,012
)
 
(252,044
)
 
(211,910
)
Interest expense, net
(22,537
)
 
(22,568
)
 
(63,332
)
 
(63,982
)
Income from continuing operations before income taxes
$
461,080

 
$
584,582

 
$
878,061

 
$
1,052,180

 
(a) 
Certain corporate overhead and other costs of $6.0 million and $18.2 million for the three and nine-month periods ended September 2016, respectively, previously allocated to the Imagewear and Outdoor & Action Sports coalitions for segment reporting purposes, have been reallocated to continuing operations as discussed in Note C.
(b) 
Represents goodwill impairment charge in 2017 related to the Sportswear coalition as discussed in Notes G and N. The impairment charge was excluded from the profit of the Sportswear coalition since it is not part of the ongoing operations of the business.