Annual report [Section 13 and 15(d), not S-K Item 405]

 GOODWILL

v3.26.1
 GOODWILL
 12 Months Ended
Mar. 28, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
 GOODWILL GOODWILL
Changes in goodwill are summarized by reportable segment and the “All Other” category as follows:
(In thousands) Outdoor Active
All Other (a)
Total
Balance, March 2024 $ 102,181  $ 330,464  $ 212,711  $ 645,356 
Impairment charge —  —  (38,242) (38,242)
Foreign currency translation (35) (2,015) (1,678) (3,728)
Balance, March 2025 102,146  328,449  172,791  603,386 
Impairment charge —  —  (30,716) (30,716)
Foreign currency translation 331  10,285  4,419  15,035 
Balance, March 2026 $ 102,477  $ 338,734  $ 146,494  $ 587,705 
(a)“All Other” is included for purposes of reconciliation of goodwill, but it is not considered a reportable segment.
In connection with the realignment of the Company's segment reporting structure, the Company allocated goodwill related to Timberland PRO to the Timberland reporting unit as of the first day of the first quarter of Fiscal 2026. As a result of the change in reportable segments, the Company performed impairment assessments both before and after the segment change became effective, and no impairment of goodwill was identified. Balances as of March 2025 and 2024 have been retrospectively adjusted to reflect the reallocation. Refer to Note 21 for additional information regarding the Company's reportable segments.
During the year ended March 2026, the Company completed the sale of Dickies. The Dickies reporting unit goodwill was fully impaired as of the third quarter of Fiscal 2024 and was previously included in the “All Other” category. Accumulated impairment charges related to the Dickies reporting unit were $61.8 million. Refer to Note 3 for additional information regarding the divestiture.
During the year ended March 2026, VF recorded an impairment charge of $30.7 million related to the Napapijri reporting unit, which is part of the “All Other” category. The impairment charge was a result of a triggering event during the third quarter of Fiscal 2026. Refer to Note 24 for additional information on fair value measurements.
During the year ended March 2025, VF recorded an impairment charge of $38.2 million related to the Icebreaker reporting unit,
which is part of the “All Other” category. The impairment charge was a result of VF's annual impairment testing of goodwill as of the beginning of the fourth quarter of Fiscal 2025.
During the year ended March 2024, VF recorded impairment charges of $507.6 million related to the Timberland, Dickies and Icebreaker reporting units. During the fourth quarter of Fiscal 2024, VF performed an impairment analysis of the Timberland reporting unit as a result of a triggering event and recorded an impairment charge of $211.7 million. As a result of VF's annual impairment testing of goodwill as of the beginning of the fourth quarter of Fiscal 2024, VF recorded an impairment charge of $38.8 million related to the Icebreaker reporting unit. During the third quarter of Fiscal 2024, VF performed interim impairment analyses of the Timberland and Dickies reporting units as a result of triggering events and recorded impairment charges of $195.3 million and $61.8 million, respectively. The Timberland reporting unit is part of the Outdoor segment and the Icebreaker reporting unit is part of the “All Other” category. The Dickies reporting unit was previously included in the “All Other” category.
Accumulated impairment charges for the Outdoor segment were $730.2 million as of March 2026 and 2025. Accumulated impairment charges for the “All Other” category were $107.7 million and $138.8 million as of March 2026 and 2025, respectively.