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INTANGIBLE ASSETS | 3 Months Ended
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Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS
|  |  |  |  |  |  | June 2018 |  |  | March 2018
(In thousands) |  | Weighted Average Amortization Period |  | Amortization Method |  |  | Cost |  | Accumulated Amortization |  | Net Carrying Amount |  |  | Net Carrying Amount
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | 17 years |  | Accelerated |  |  | $ | 370,718 |  |  | $ | 143,481 |  |  | $ | 227,237 |  |  |  | $ | 201,544 |
License agreements |  | 20 years |  | Accelerated |  |  | 19,798 |  |  | 13,894 |  |  | 5,904 |  |  |  | 6,256 |
Trademarks |  | 16 years |  | Straight-line |  |  | 58,932 |  |  | 9,283 |  |  | 49,649 |  |  |  | 50,623 |
Other |  | 8 years |  | Straight-line |  |  | 9,287 |  |  | 4,191 |  |  | 5,096 |  |  |  | 5,170 |
Amortizable intangible assets, net |  |  |  |  |  |  |  |  | 287,886 |  |  |  | 263,593 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  |  |  |  |  |  |  | 1,896,390 |  |  |  | 1,856,517 |
Intangible assets, net |  |  |  |  |  |  |  |  |  |  | $ | 2,184,276 |  |  |  | $ | 2,120,110 |
Intangible assets increased during the three months ended June 2018 due to the addition of intangible assets from the Icebreaker and Altra acquisitions, which was partially offset by the impact of foreign currency fluctuations. Amortization expense for the three months ended June 2018 was $7.9 million. Based on the carrying amounts of amortizable intangible assets noted above, estimated amortization expense for the next five years beginning in Fiscal 2019 is $33.5 million, $32.8 million, $31.2 million, $29.2 million and $27.6 million, respectively. Rock & Republic® Impairment Analysis The Rock & Republic® brand has an exclusive wholesale distribution and licensing arrangement with Kohl's Corporation that covers all branded apparel, accessories and other merchandise. As of June 30, 2018, VF performed a quantitative impairment analysis of the Rock & Republic® amortizing trademark intangible asset to determine if the carrying value was recoverable. We determined this testing was necessary based on the expectation that certain customer contract terms would be modified. Management used the income-based relief-from-royalty method and the contractual 4% royalty rate to calculate the pre-tax undiscounted future cash flows. Based on the analysis performed, management concluded that the trademark intangible asset does not require further testing as the undiscounted cash flows exceeded the carrying value of $49.0 million. It is possible that VF's conclusion regarding the recoverability of the intangible asset could change in future periods as there can be no assurance that the estimates and assumptions used in the analysis as of June 30, 2018 will prove to be accurate predictions of the future.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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