XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.10.0.1

DISCONTINUED OPERATIONS (Tables) | 3 Months Ended
--- | ---
Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations Presented in Financial Statements | The following table summarizes the major line items for the Nautica® brand business and the Licensing Business that are included in the income from discontinued operations, net of tax line item in the Consolidated Statements of Income:
|  | Three Months Ended June
(In thousands) |  | 2018 |  |  | 2017
Revenues |  | $ | 21,913 |  |  |  | $ | 123,456 |
Cost of goods sold |  | 14,706 |  |  |  | 70,906 |
Selling, general and administrative expenses |  | 12,391 |  |  |  | 45,602 |
Interest expense, net |  | — |  |  |  | (7 | )
Other income, net |  | 272 |  |  |  | 5 |
Income (loss) from discontinued operations before income taxes |  | (4,912 | ) |  |  | 6,946 |
Gain (loss) on the sale of discontinued operations before income taxes |  | 4,206 |  |  |  | (6,386 | )
Total income (loss) from discontinued operations before income taxes |  | (706 | ) |  |  | 560 |
Income tax benefit |  | 1,111 |  |  |  | 2,237 |
Income from discontinued operations, net of tax |  | $ | 405 |  |  |  | $ | 2,797 |
The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations for each of the periods presented:
(In thousands) |  | June 2018 |  |  | March 2018 |  | June 2017
Cash |  | $ | — |  |  |  | $ | 2,330 |  |  | $ | 497 |
Accounts receivable, net |  | — |  |  |  | 26,298 |  |  | 12,101 |
Inventories |  | — |  |  |  | 55,610 |  |  | 49,920 |
Other current assets |  | — |  |  |  | 1,247 |  |  | 864 |
Property, plant and equipment, net |  | — |  |  |  | 15,021 |  |  | 16,266 |
Intangible assets |  | — |  |  |  | 262,202 |  |  | 264,348 |
Goodwill |  | — |  |  |  | 49,005 |  |  | 153,656 |
Other assets |  | — |  |  |  | 3,961 |  |  | 2,831 |
Allowance to reduce assets to estimated fair value, less costs to sell |  | — |  |  |  | (42,094 | ) |  | — |
Total assets of discontinued operations (a) |  | $ | — |  |  |  | $ | 373,580 |  |  | $ | 500,483 |
Accounts payable |  | $ | — |  |  |  | $ | 11,619 |  |  | $ | 10,428 |
Accrued liabilities |  | — |  |  |  | 10,658 |  |  | 15,293 |
Other liabilities |  | — |  |  |  | 11,912 |  |  | 12,311 |
Deferred income tax liabilities (b) |  | — |  |  |  | 51,838 |  |  | 77,731 |
Total liabilities of discontinued operations (a) |  | $ | — |  |  |  | $ | 86,027 |  |  | $ | 115,763 |
(a) | Amounts at June 2017 related to the Nautica® brand business have been classified as current and long-term in the Consolidated Balance Sheets.
(b) | Deferred income tax balances reflect VF’s consolidated netting by jurisdiction.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration