Annual report pursuant to Section 13 and 15(d)

GOODWILL

v3.8.0.1
GOODWILL
 12 Months Ended
Dec. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL
GOODWILL
Changes in goodwill are summarized by business segment as follows:
(In thousands)
Outdoor &
Action Sports
 
Jeanswear
 
Imagewear
 
Total
Balance, December 2015
$
1,363,133

 
$
212,871

 
$
30,111

 
$
1,606,115

Impairment charge
(39,344
)
 
—

 
—

 
(39,344
)
Currency translation
(9,998
)
 
(2,106
)
 
—

 
(12,104
)
Balance, December 2016
1,313,791

 
210,765

 
30,111

 
1,554,667

2017 acquisition
—

 
—

 
92,837

 
92,837

Currency translation
36,757

 
8,523

 
(140
)
 
45,140

Balance, December 2017
$
1,350,548

 
$
219,288

 
$
122,808

 
$
1,692,644



VF did not record any impairment charges in 2017 or 2015 based on the results of its annual goodwill impairment testing. In 2016, VF recorded an impairment charge of $39.3 million to write off the remaining goodwill balance related to its lucy® brand reporting unit, which was part of the Outdoor & Action Sports coalition. Refer to
Note U for additional information on fair value measurements.
Accumulated impairment charges for the Outdoor & Action Sports coalition were $82.7 million as of December 2017 and December 2016.