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ACQUISITIONS (Tables) | 12 Months Ended
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Mar. 30, 2019
Business Combinations [Abstract] |
Assets and Liabilities Acquired | The following table summarizes the estimated 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 noncurrent 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 Altra assets acquired and liabilities assumed at the date of acquisition:
(In thousands) |  | June 1, 2018 |
Accounts receivable |  | $ | 11,629 |  |
Inventories |  | 9,310 |  |
Other current assets |  | 575 |  |
Property, plant and equipment |  | 1,107 |  |
Intangible assets |  | 59,700 |  |
Total assets acquired |  | 82,321 |  |
Accounts payable |  | 5,068 |  |
Other current liabilities |  | 7,415 |  |
Total liabilities assumed |  | 12,483 |  |
Net assets acquired |  | 69,838 |  |
Goodwill |  | 61,719 |  |
Purchase price |  | $ | 131,557 |  |
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 |  | 21,262 |  |
Deferred income tax liabilities |  | 26,870 |  |
Other noncurrent liabilities |  | 433 |  |
Total liabilities assumed |  | 57,875 |  |
Net assets acquired |  | 107,666 |  |
Goodwill |  | 89,943 |  |
Purchase price |  | $ | 197,609 |  |
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, except per share amounts) |  | Year Ended December 2017 (unaudited) |  | Year Ended December 2016 (unaudited)
Total revenues |  | $ | 12,475,116 |  |  | $ | 11,888,704 |
Income from continuing operations |  | 763,563 |  |  | 1,097,572 |
Earnings per common share from continuing operations |  |  |  |
Basic |  | $ | 1.91 |  |  | $ | 2.64 |
Diluted |  | 1.89 |  |  | 2.60 |

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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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