v2.4.0.6
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2012
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION:
 
We report segment information in accordance with accounting guidance on segment reporting, which requires segment information to be disclosed based upon a “management approach.” The management approach refers to the internal reporting that is used by management for making operating decisions and assessing the performance of our reportable segments. We report our corporate expenses and acquisition-related expenses separately as they are not included in the internal measures of segment operating performance used by the Company in order to measure the underlying performance of our reportable segments.

As a result of the Acquisition, the Company realigned certain of its reportable segments. Effective October 1, 2011, the Company's reportable segments include Carter’s retail, Carter’s wholesale, OshKosh retail, OshKosh wholesale, and international. Prior periods presented have been recast to conform to the current year presentation.

    

NOTE 12 – SEGMENT INFORMATION: (Continued)

The table below presents certain segment information for the periods indicated:
 
For the three-month periods ended
(dollars in thousands)
March 31,
2012

 
% of
Total
 
April 2,
2011

 
% of
Total
 
Net sales:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Carter’s Wholesale
$
249,485

 
45.2
 %
 
$
241,619

 
51.5
 %
 
Carter’s Retail (a)    
177,204

 
32.1
 %
 
137,862

 
29.4
 %
 
Total Carter’s
426,689

 
77.3
 %
 
379,481

 
80.9
 %
 
 
 
 
 
 
 
 
 
 
OshKosh Retail (a)    
57,988

 
10.5
 %
 
53,994

 
11.5
 %
 
OshKosh Wholesale
20,274

 
3.7
 %
 
20,076

 
4.3
 %
 
Total OshKosh
78,262

 
14.2
 %
 
74,070

 
15.8
 %
 
 
 
 
 
 
 
 
 
 
International (b)     
46,711

 
8.5
 %
 
15,449

 
3.3
 %
 
 
 
 
 
 
 
 
 
 
Total net sales
$
551,662

 
100.0
 %
 
$
469,000

 
100.0
 %
 
 
 
 
 
 
 
 
 
 
Operating income (loss):
 
 
% of
segment
net sales
 
 
 
% of
segment
net sales
 
 
 
 
 
 
 
 
 
 
Carter’s Wholesale
$
40,271

 
16.1
 %
 
$
37,142

 
15.4
 %
 
Carter’s Retail (a)    
30,534

 
17.2
 %
 
26,664

 
19.3
 %
 
 
 
 
 
 
 
 
 
 
Total Carter’s
70,805

 
16.6
 %
 
63,806

 
16.8
 %
 
 
 
 
 
 
 
 
 
 
OshKosh Retail (a)    
(7,459
)
 
(12.9
)%
 
(5,402
)
 
(10.0
)%
 
OshKosh Wholesale
120

 
0.6
 %
 
1,563

 
7.8
 %
 
 
 
 
 
 
 
 
 
 
Total OshKosh
(7,339
)
 
(9.4
)%
 
(3,839
)
 
(5.2
)%
 
 
 
 
 
 
 
 
 
 
International (b)     
7,467

(c)
16.0
 %
 
4,978

 
32.2
 %
 
 
 
 
 
 
 
 
 
 
Total segment operating income
70,933

 
12.9
 %
 
64,945

 
13.8
 %
 
 
 
 
 
 
 
 
 
 
Corporate expenses (d)    
(17,133
)
(e)
(3.1
)%
 
(11,311
)
(f)
(2.4
)%
 
 
 
 
 
 
 
 
 
 
Total operating income
$
53,800

 
9.8
 %
 
$
53,634

 
11.4
 %
 

(a)
Includes eCommerce results.
(b)
Net sales include international retail and wholesale sales. Operating income includes international licensing income.
(c)
Includes a $0.7 million charge associated with the revaluation of the Company’s contingent consideration.
(d)
Corporate expenses generally include expenses related to incentive compensation, stock-based compensation, executive management, severance and relocation, finance, building occupancy, information technology, certain legal fees, consulting, and audit fees.
(e)
Includes $1.1 million in facility closure-related costs related to closure of a distribution facility located in Hogansville, Georgia. These costs include approximately $1.0 million of severance-related charges and $0.1 million of accelerated depreciation (recorded in selling, general, and administrative expenses).
(f)
Includes $1.0 million of professional service fees associated with the Acquisition for the three-month period ended April 2, 2011.

In the first quarters of fiscal 2012 and 2011, no customers accounted for 10% or more of our consolidated net sales.