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ACQUISITIONS (Tables) | 6 Months Ended
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Sep. 29, 2018
Business Combinations [Abstract] |
Assets and Liabilities Acquired | The following table summarizes the estimated fair values of the Altra assets acquired and liabilities assumed at the date of acquisition:
(In thousands) |  | June 1, 2018
Accounts receivable |  | $ | 10,101 |
Inventories |  | 9,310 |
Other current assets |  | 575 |
Property, plant and equipment |  | 1,107 |
Intangible assets |  | 59,700 |
Total assets acquired |  | 80,793 |
Accounts payable |  | 5,068 |
Other current liabilities |  | 7,415 |
Total liabilities assumed |  | 12,483 |
Net assets acquired |  | 68,310 |
Goodwill |  | 63,247 |
Purchase price |  | $ | 131,557 |
The following table summarizes the fair values of the Williamson-Dickie assets acquired and liabilities assumed at the date of acquisition:
(In thousands) |  | October 2, 2017
Cash and equivalents |  | $ | 60,172 |
Accounts receivable |  | 146,403 |
Inventories |  | 251,778 |
Other current assets |  | 8,447 |
Property, plant and equipment |  | 105,119 |
Intangible assets |  | 397,755 |
Other assets |  | 9,665 |
Total assets acquired |  | 979,339 |
Short-term borrowings |  | 17,565 |
Accounts payable |  | 88,052 |
Other current liabilities |  | 109,964 |
Deferred income tax liabilities |  | 15,160 |
Other non-current liabilities |  | 33,066 |
Total liabilities assumed |  | 263,807 |
Net assets acquired |  | 715,532 |
Goodwill |  | 82,863 |
Purchase price |  | $ | 798,395 |
The following table summarizes the estimated fair values of the Icebreaker assets acquired and liabilities assumed at the date of acquisition:
(In thousands) |  | April 3, 2018
Cash and equivalents |  | $ | 6,444 |
Accounts receivable |  | 16,781 |
Inventories |  | 31,728 |
Other current assets |  | 3,931 |
Property, plant and equipment |  | 3,858 |
Intangible assets |  | 98,041 |
Other assets |  | 4,758 |
Total assets acquired |  | 165,541 |
Short-term borrowings |  | 7,235 |
Accounts payable |  | 2,075 |
Other current liabilities |  | 21,919 |
Deferred income tax liabilities |  | 22,802 |
Other non-current liabilities |  | 433 |
Total liabilities assumed |  | 54,464 |
Net assets acquired |  | 111,077 |
Goodwill |  | 85,875 |
Purchase price |  | $ | 196,952 |
Pro Forma Results | The following unaudited pro forma summary presents consolidated information of VF as if the acquisition of Williamson-Dickie had occurred on January 3, 2016:
(In thousands) | Three Months Ended September 2017 (unaudited) |  | Six Months Ended September 2017 (unaudited)
Net revenues | $ | 3,632,451 |  |  | $ | 6,116,723 |
Income from continuing operations | 491,669 |  |  | 605,588 |
Earnings per common share from continuing operations |  |  |
Basic | $ | 1.25 |  |  | $ | 1.53 |
Diluted | 1.24 |  |  | 1.52 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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