Kontoor Brands, Inc.
For the period ended Jan 3, 2026. Filed Mar 4, 2026.
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FY2026 · Filed Mar 4, 2026
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Intangible Assets
NOTE 8 —INTANGIBLE ASSETS
The following tables present components of "intangible assets, net" recorded in the Company's balance sheets:
| (In thousands) · Amortization Period · Amortization Method · Cost · Accumulated Amortization · Net Carrying Amount | ||||||
|---|---|---|---|---|---|---|
| Finite-lived intangible assets: | ||||||
| Trademarks | 16 years | Straight-line | $58,132 | $52,095 | $6,037 | |
| Customer relationships | 12 years | Accelerated | $36,209 | $2,218 | $33,991 | |
| Indefinite-lived intangible assets: | ||||||
| Trademarks and trade names | 410,389 | |||||
| Intangible assets, net | $450,417 | |||||
The Helly Hansen®and Musto® trademarks acquired in 2025, which management believes to have indefinite lives, were valued at $400.0 million and $4.0 million, respectively. In addition, the acquired customer relationships were initially valued at $36.0 million and are being amortized using an accelerated method over a 12-year period. Refer to Note 2 for additional information.
| (In thousands) · Amortization Period · Amortization Method · Cost · Accumulated Amortization · Net Carrying Amount | ||||||
|---|---|---|---|---|---|---|
| Finite-lived intangible assets: | ||||||
| Trademarks | 16 years | Straight-line | $58,132 | $51,089 | $7,043 | |
| Indefinite-lived intangible assets: | ||||||
| Trademarks and trade names | 4,189 | |||||
| Intangible assets, net | $11,232 | |||||
Amortization expense was $3.2 million in 2025, and $1.0 million in 2024 and 2023. Estimated amortization expense for the next five years is approximately $4.5 million each year.
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