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INTANGIBLE ASSETS | 12 Months Ended
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Apr. 02, 2022
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 2022 |  |  |  |  |  |  |  |  |  |
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |
Customer relationships and other | 19 years |  | Accelerated |  | $ | 264,691 |  |  | $ | 160,988 |  |  | $ | 103,703 |  |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  |  |  |  |  |  |  | 2,896,648 |  |
Intangible assets, net |  |  |  |  |  |  |  |  | $ | 3,000,351 |  |
(In thousands) | Weighted Average Amortization Period |  | Amortization Method |  | Cost |  | Accumulated Amortization |  | Net Carrying Amount
March 2021 |  |  |  |  |  |  |  |  |
Amortizable intangible assets: |  |  |  |  |  |  |  |  |
Customer relationships and other | 19 years |  | Accelerated |  | $ | 277,822 |  |  | $ | 156,181 |  |  | $ | 121,641 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  |  |  |  |  |  |  | 2,907,904 |
Intangible assets, net |  |  |  |  |  |  |  |  | $ | 3,029,545 |
The acquired Supreme® trademark was included as an indefinite-lived intangible asset as of March 2021. Refer to Note 3 for additional information. VF did not record any impairment charges in the year ended March 2022. VF recorded impairment charges of $20.4 million in the year ended March 2021 primarily due to the write-off of certain trademark and customer relationship balances, which resulted from strategic actions taken by the Company. VF did not record any impairment charges in the year ended March 2020. Amortization expense for the years ended March 2022, 2021 and 2020 was $15.6 million, $17.5 million and $18.7 million, respectively. Estimated amortization expense for the next five fiscal years is $14.6 million, $14.1 million, $13.6 million, $12.5 million and $12.0 million, respectively.

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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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