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REVENUES | 3 Months Ended
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Apr. 01, 2023
Revenue from Contract with Customer [Abstract] |
REVENUES | REVENUES Disaggregation of Revenue The following tables present revenues disaggregated by channel and geography. Revenues from licensing arrangements are included within the U.S. or Non-U.S. Wholesale channels, based on the respective region where the licensee sells the product. Direct-to-Consumer revenues include sales at company-operated Wrangler® and Lee® branded full-price and outlet stores, digital sales at www.wrangler.com and www.lee.com and sales from international concession arrangements. Other includes sales and licensing of Rock & Republic®, other company-owned brands and private label apparel.
| Three Months Ended March 2023 |
(In thousands) | Wrangler |  | Lee |  | Other |  | Total |
Channel revenues |  |  |  |  |  |  |  |
U.S. Wholesale | $ | 337,676 |  |  | $ | 135,299 |  |  | $ | 3,228 |  |  | $ | 476,203 |  |
Non-U.S. Wholesale | 51,919 |  |  | 66,005 |  |  | 10 |  |  | 117,934 |  |
Direct-to-Consumer | 33,552 |  |  | 39,345 |  |  | 89 |  |  | 72,986 |  |
Total | $ | 423,147 |  |  | $ | 240,649 |  |  | $ | 3,327 |  |  | $ | 667,123 |  |
Geographic revenues |  |  |  |  |  |  |  |
U.S. | $ | 365,129 |  |  | $ | 149,690 |  |  | $ | 3,317 |  |  | $ | 518,136 |  |
International | 58,018 |  |  | 90,959 |  |  | 10 |  |  | 148,987 |  |
Total | $ | 423,147 |  |  | $ | 240,649 |  |  | $ | 3,327 |  |  | $ | 667,123 |  |
| Three Months Ended March 2022 |
(In thousands) | Wrangler |  | Lee |  | Other |  | Total |
Channel revenues |  |  |  |  |  |  |  |
U.S. Wholesale | $ | 330,652 |  |  | $ | 136,806 |  |  | $ | 2,527 |  |  | $ | 469,985 |  |
Non-U.S. Wholesale | 52,819 |  |  | 91,051 |  |  | 501 |  |  | 144,371 |  |
Direct-to-Consumer | 28,952 |  |  | 36,363 |  |  | 72 |  |  | 65,387 |  |
Total | $ | 412,423 |  |  | $ | 264,220 |  |  | $ | 3,100 |  |  | $ | 679,743 |  |
Geographic revenues |  |  |  |  |  |  |  |
U.S. | $ | 354,393 |  |  | $ | 150,116 |  |  | $ | 2,599 |  |  | $ | 507,108 |  |
International | 58,030 |  |  | 114,104 |  |  | 501 |  |  | 172,635 |  |
Total | $ | 412,423 |  |  | $ | 264,220 |  |  | $ | 3,100 |  |  | $ | 679,743 |  |
Contract Balances and Performance Obligations The following table presents information about contract balances recorded in the Company's balance sheets:
(In thousands) |  | March 2023 |  |  | December 2022 |  | March 2022
Accounts receivable, net |  | $ | 224,024 |  |  |  | $ | 225,858 |  |  | $ | 276,037 |
Contract assets (a) |  | 5,317 |  |  |  | 5,050 |  |  | 4,311 |
Contract liabilities (b) |  | 1,392 |  |  |  | 1,057 |  |  | 1,787 |
(a) Included within "prepaid expenses and other current assets" in the Company's balance sheets. (b) Included within "accrued liabilities" in the Company's balance sheets. For the three months ended March 2023 and March 2022, revenue recognized that was included in contract liabilities as of December 2022 and December 2021, respectively, was not significant. As of March 2023, the Company has contractual rights under its licensing agreements to receive $52.2 million of fixed consideration related to the future minimum guarantees through December 2028. As of March 2023, there were no arrangements with any transaction price allocated to remaining performance obligations other than (i) contracts for which the Company has applied the practical expedients and (ii) fixed consideration related to future minimum guarantees. For the three months ended March 2023, revenue recognized from performance obligations satisfied, or partially satisfied, in prior periods was not significant. The variable consideration under these arrangements is not disclosed as a remaining performance obligation as the licensing arrangements qualify for the sales-based royalty exemption.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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