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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2013
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]  
Carrying Amount of Goodwill
The following table presents, by segment and in total, changes in the carrying amount of goodwill for 2012 and 2013.

(In millions)
 
Domestic Wholesale Sportswear
  
Domestic Wholesale Jeanswear
  
Domestic Wholesale Footwear & Accessories
  
Domestic Retail
  
International Wholesale
  
International Retail
  
Total
 
 
Balance, January 1, 2012
 
  
  
  
  
  
  
 
Goodwill
 
$
46.7
  
$
519.2
  
$
859.8
  
$
120.6
  
$
111.6
  
$
50.4
  
$
1,708.3
 
Accumulated impairment losses
  
-
   
(519.2
)
  
(813.2
)
  
(120.6
)
  
-
   
-
   
(1,453.0
)
Net goodwill
  
46.7
   
-
   
46.6
   
-
   
111.6
   
50.4
   
255.3
 
Acquisition of Brian Atwood
  
-
   
-
   
3.2
   
-
   
-
   
-
   
3.2
 
Impairment
  
-
   
-
   
-
   
-
   
-
   
(47.6
)
  
(47.6
)
Foreign currency translation effects
  
-
   
-
   
-
   
-
   
1.9
   
2.5
   
4.4
 
 
Balance, December 31, 2012
                            
Goodwill
  
46.7
   
519.2
   
863.0
   
120.6
   
113.5
   
52.7
   
1,715.7
 
Accumulated impairment losses
  
-
   
(519.2
)
  
(813.2
)
  
(120.6
)
  
-
   
(47.4
)
  
(1,500.4
)
Net goodwill
  
46.7
   
-
   
49.8
   
-
   
113.5
   
5.3
   
215.3
 
Impairment
  
(46.7
)
  
-
   
(3.2
)
  
-
   
-
   
-
   
(49.9
)
Foreign currency translation effects
  
-
   
-
   
-
   
-
   
1.0
   
-
   
1.0
 
 
Balance, December 31, 2013
                            
Goodwill
  
46.7
   
519.2
   
863.0
   
120.6
   
114.5
   
53.7
   
1,717.7
 
Accumulated impairment losses
  
(46.7
)
  
(519.2
)
  
(816.4
)
  
(120.6
)
  
-
   
(48.4
)
  
(1,551.3
)
Net goodwill
 
$
-
  
$
-
  
$
46.6
  
$
-
  
$
114.5
  
$
5.3
  
$
166.4
 
Components of Other Intangible Assets
The components of other intangible assets are as follows:

December 31,
 
2013
  
2012
 
(In millions)
 
Gross
Carrying Amount
  
Accumulated Amortization
  
Gross
Carrying Amount
  
Accumulated Amortization
 
 
Amortized intangible assets
 
  
  
  
 
Customer relationships
 
$
154.2
  
$
34.8
  
$
151.6
  
$
24.4
 
License agreements
  
61.7
   
56.0
   
61.4
   
54.5
 
Trademarks
  
24.5
   
11.4
   
24.5
   
4.9
 
Acquired favorable leases
  
13.4
   
4.9
   
13.1
   
3.5
 
Covenants not to compete
  
3.8
   
2.9
   
3.8
   
2.1
 
 
  
257.6
   
110.0
   
254.4
   
89.4
 
Indefinite-life trademarks
  
704.8
   
-
   
704.7
   
-
 
 
 
$
962.4
  
$
110.0
  
$
959.1
  
$
89.4
 
Assumptions Used to Derive Fair Value Estimates for Goodwill and Trademarks as Part of Annual Impairment Testing
The cash flow models we use to estimate the fair values of our goodwill and trademarks involve several assumptions.  Changes in these assumptions could materially impact our fair value estimates.  Assumptions critical to our fair value estimates are: (i) discount rates used to derive the present value factors used in determining the fair value of the reporting units and trademarks; (ii) royalty rates used in our trademark valuations; (iii) projected revenue growth rates; and (iv) projected long-term growth rates used in the derivation of terminal year values.  These and other assumptions are impacted by economic conditions and expectations of management and may change in the future based on period-specific facts and circumstances.  The following table shows the assumptions we used to derive our fair value estimates as part of our annual impairment testing for 2013 and 2012.
 
 
2013
 
2012
 
Goodwill
Trademarks
 
Goodwill
Trademarks
Discount rates
12.0%
12.0%
 
12.0%
12.0%
Royalty rates
--
1.0% - 8.0%
 
--
1.0% - 8.0%
Weighted-average revenue growth rates
4.7%
6.5%
 
5.4%
6.2%
Long-term growth rates
3.0%
0% - 3.0%
 
3.0%
0% - 3.0%