GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 29, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

The Company's goodwill and intangible assets were as follows:



		September 29, 2018						December 30, 2017
(dollars in thousands)	Weighted-average useful life	Gross amount		Accumulated amortization		Net amount		Gross amount		Accumulated amortization		Net amount
Carter's goodwill	Indefinite	$	136,570			$	136,570	$	136,570			$	136,570
Canada goodwill	Indefinite	41,074				41,074		42,223				42,223
Skip Hop goodwill	Indefinite	45,976				45,976		45,997				45,997
Carter's Mexico goodwill	Indefinite	5,991				5,991		5,634				5,634
Total goodwill		$	229,611			$	229,611	$	230,424			$	230,424

Carter's tradename	Indefinite	$	220,233			$	220,233	$	220,233			$	220,233
OshKosh tradename	Indefinite	85,500				85,500		85,500				85,500
Skip Hop tradename	Indefinite	56,800				56,800		56,800				56,800
Finite-life tradenames	5-20 years	3,911		$	690	3,221		3,550		$	532	3,018
Total tradenames, net		$	366,444	$	690	$	365,754	$	366,083	$	532	$	365,551

Skip Hop customer relationships	15 years	$	47,300	$	4,686	$	42,614	$	47,300	$	2,304	$	44,996
Carter's Mexico customer relationships	10 years	3,289		378		2,911		3,135		135		3,000
Total customer relationships, net		$	50,589	$	5,064	$	45,525	$	50,435	$	2,439	$	47,996



		September 30, 2017
(dollars in thousands)	Weighted-average useful life	Gross amount		Accumulated amortization		Net amount
Carter's goodwill	Indefinite	$	136,570			$	136,570
Canada goodwill	Indefinite	42,514				42,514
Skip Hop goodwill	Indefinite	49,190				49,190
Carter's Mexico goodwill	Indefinite	5,919				5,919
Total goodwill		$	234,193			$	234,193

Carter's tradename	Indefinite	$	220,233			$	220,233
OshKosh tradename	Indefinite	85,500				85,500
Skip Hop tradename	Indefinite	56,800				56,800
Finite-life tradenames	5-20 years	42,040		$	38,978	3,062
Total tradenames, net		$	404,573	$	38,978	$	365,595

Skip Hop customer relationships, net	15 years	$	44,800	$	1,554	$	43,246
Carter's Mexico customer relationships	10 years	3,376		—		3,376
Total customer relationships, net		$	48,176	$	1,554	$	46,622

Amortization expense for intangible assets subject to amortization was approximately $0.9 million and $0.8 million for the third fiscal quarter ended September 29, 2018 and third fiscal quarter ended September 30, 2017, respectively. For the first three quarters of fiscal 2018 and fiscal 2017, amortization expense was approximately $2.8 million and $1.7 million, respectively.

The estimated amortization expense for the next five fiscal years is as follows:



(dollars in thousands)	Amortization
2019	$	3,751
2020	$	3,751
2021	$	3,751
2022	$	3,751
2023	$	3,708

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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