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Intangible Assets | 9 Months Ended
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Oct. 01, 2016
Intangible Assets | Note F – Intangible Assets
|  |  |  |  |  |  |  | September 2016 |  |  | December 2015 |
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 |  |  | $ | 280,909 |  |  | $ | 132,435 |  |  | $ | 148,474 |  |  | $ | 156,047 |
License agreements |  |  | 24 years |  |  |  | Accelerated and straight-line |  |  |  | 179,488 |  |  |  | 99,228 |  |  |  | 80,260 |  |  |  | 86,540 |
Trademark |  |  | 16 years |  |  |  | Straight-line |  |  |  | 58,132 |  |  |  | 2,725 |  |  |  | 55,407 |  |  |  | — |
Other |  |  | 10 years |  |  |  | Straight-line |  |  |  | 6,358 |  |  |  | 2,678 |  |  |  | 3,680 |  |  |  | 3,443 |
Amortizable intangible assets, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 287,821 |  |  |  | 246,030 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,682,967 |  |  |  | 1,702,581 |
Intangible assets, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,970,788 |  |  | $ | 1,948,611 |
In connection with the contract renewal during the first quarter of 2016, VF determined that the trademark intangible asset related to the Rock & Republic® brand has a finite life. Accordingly, we reclassified the $58.1 million trademark balance from indefinite-lived intangible assets to amortizable intangible assets, and commenced amortization of the trademark over its estimated useful life of 16 years. Amortization expense for the third quarter and first nine months of 2016 was $6.9 million and $20.8 million, respectively. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the years 2016 through 2020 is $27.5 million, $26.5 million, $25.9 million, $25.2 million and $24.3 million, respectively. There were no impairment charges recorded in the third quarter or first nine months of 2016. Refer to Note O for discussion of the Company’s interim impairment testing of the Nautica® trademark during the third quarter of 2016.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 + Details
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