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GOODWILL | 3 Months Ended
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Jun. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL | GOODWILL Changes in goodwill are summarized by reportable segment as follows:
(In thousands) | Outdoor |  | Active |  | Work |  | Total |
Balance, March 2024 | $ | 205,868 |  |  | $ | 1,203,046 |  |  | $ | 51,500 |  |  | $ | 1,460,414 |  |
Impairment charge | — |  |  | (94,000) |  |  | — |  |  | (94,000) |  |
Foreign currency translation | 383 |  |  | (6,015) |  |  | — |  |  | (5,632) |  |
Balance, June 2024 | $ | 206,251 |  |  | $ | 1,103,031 |  |  | $ | 51,500 |  |  | $ | 1,360,782 |  |
During the three months ended June 2024, VF determined that a triggering event had occurred requiring impairment testing of the Supreme reporting unit goodwill. VF's assessment gave consideration to the ongoing negotiations to sell the Supreme reporting unit. As a result of the impairment testing performed, VF recorded an impairment charge of $94.0 million to the Supreme reporting unit goodwill related to the estimates of fair value subsequently confirmed by the transaction price discussed in Note 18. The Supreme reporting unit is part of the Active segment. Refer to Note 15 for additional information on fair value measurements. Accum ulated impairm ent charges for the Outdoor and Work segments were $769.0 million and $61.8 million, respectively, as of June 2024 and March 2024. Accum ulated impairm ent charges for the Active segment were $488.1 million and $394.1 million a s of June 2024 and March 2024, respectively.

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