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INTANGIBLE ASSETS | 12 Months Ended
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Mar. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS
(In thousands) | Weighted Average Amortization Period |  | Amortization Method |  | Cost |  | Accumulated Amortization |  | Net Carrying Amount |
March 2019 |  |  |  |  |  |  |  |  |  |
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |
Customer relationships | 17 years |  | Accelerated |  | $ | 341,625 |  |  | $ | 143,433 |  |  | $ | 198,192 |  |
License agreements | 19 years |  | Accelerated |  | 7,536 |  |  | 4,729 |  |  | 2,807 |  |
Trademarks | 16 years |  | Straight-line |  | 58,932 |  |  | 12,209 |  |  | 46,723 |  |
Other | 8 years |  | Straight-line |  | 8,202 |  |  | 4,170 |  |  | 4,032 |  |
Amortizable intangible assets, net |  |  |  |  |  |  |  |  | 251,754 |  |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  |  |  |  |  |  |  | 1,772,523 |  |
Intangible assets, net |  |  |  |  |  |  |  |  | $ | 2,024,277 |  |
(In thousands) | Weighted Average Amortization Period |  | Amortization Method |  | Cost |  | Accumulated Amortization |  | Net Carrying Amount
March 2018 |  |  |  |  |  |  |  |  |
Amortizable intangible assets: |  |  |  |  |  |  |  |  |
Customer relationships | 18 years |  | Accelerated |  | $ | 344,613 |  |  | $ | 143,069 |  |  | $ | 201,544 |
License agreements | 20 years |  | Accelerated |  | 20,171 |  |  | 13,915 |  |  | 6,256 |
Trademarks | 16 years |  | Straight-line |  | 58,932 |  |  | 8,309 |  |  | 50,623 |
Other | 9 years |  | Straight-line |  | 9,194 |  |  | 4,024 |  |  | 5,170 |
Amortizable intangible assets, net |  |  |  |  |  |  |  |  | 263,593 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  |  |  |  |  |  |  | 1,856,517 |
Intangible assets, net |  |  |  |  |  |  |  |  | $ | 2,120,110 |
(In thousands) | Weighted Average Amortization Period |  | Amortization Method |  | Cost |  | Accumulated Amortization |  | Net Carrying Amount
December 2017 |  |  |  |  |  |  |  |  |
Amortizable intangible assets: |  |  |  |  |  |  |  |  |
Customer relationships | 18 years |  | Accelerated |  | $ | 338,209 |  |  | $ | 133,994 |  |  | $ | 204,215 |
License agreements | 20 years |  | Accelerated |  | 19,996 |  |  | 13,660 |  |  | 6,336 |
Trademarks | 16 years |  | Straight-line |  | 58,932 |  |  | 7,333 |  |  | 51,599 |
Other | 9 years |  | Straight-line |  | 9,001 |  |  | 3,648 |  |  | 5,353 |
Amortizable intangible assets, net |  |  |  |  |  |  |  |  | 267,503 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  |  |  |  |  |  |  | 1,822,278 |
Intangible assets, net |  |  |  |  |  |  |  |  | $ | 2,089,781 |
Intangible assets decreased during the year ended March 2019 due to the divestiture of the Reef® brand business and foreign currency fluctuations, which were partially offset by the addition of intangible assets from the Icebreaker and Altra acquisitions. VF did not record any impairment charges in the year ended March 2019, the three months ended March 2018 or the year ended December 2017. In the year ended December 2016, VF recorded an impairment charge of $40.3 million to write off the remaining trademark asset balance for the lucy® brand, which was part of the former Outdoor and Action Sports segment. Refer to Note 22 for additional information on the fair value measurements. Amortization expense (excluding impairment charges) for the year ended March 2019, the three months ended March 2018 and the years ended December 2017 and 2016 was $30.7 million, $7.6 million, $20.0 million and $18.8 million, respectively. Estimated amortization expense for the next five fiscal years is $30.0 million, $28.5 million, $26.8 million, $25.3 million and $24.3 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 did 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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