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REVENUE RECOGNITION (Tables) | 6 Months Ended
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Jun. 29, 2019
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | Disaggregation of Revenue The Company sells its products directly to consumers ("direct-to-consumer") and to other retail companies and partners that subsequently sell the products directly to their own retail customers. The Company also earns royalties from its licensees. Disaggregated revenues from these sources for the second quarter and two quarters ended fiscal 2019 and 2018 were as follows:
|  | Fiscal quarter ended June 29, 2019
(dollars in thousands) |  | U.S. Retail |  | U.S. Wholesale |  | International |  | Total
Wholesale channel |  | $ | — |  |  | $ | 229,091 |  |  | $ | 24,742 |  |  | $ | 253,833 |
Direct-to-consumer |  | 423,128 |  |  | — |  |  | 57,423 |  |  | 480,551 |
|  | $ | 423,128 |  |  | $ | 229,091 |  |  | $ | 82,165 |  |  | $ | 734,384 |
Royalty income |  | $ | 4,452 |  |  | $ | 4,162 |  |  | $ | 1,021 |  |  | $ | 9,635 |
|  | Two fiscal quarters ended June 29, 2019
(dollars in thousands) |  | U.S. Retail |  | U.S. Wholesale |  | International |  | Total
Wholesale channel |  | $ | — |  |  | $ | 504,458 |  |  | $ | 65,530 |  |  | $ | 569,988 |
Direct-to-consumer |  | 800,182 |  |  | — |  |  | 105,272 |  |  | 905,454 |
|  | $ | 800,182 |  |  | $ | 504,458 |  |  | $ | 170,802 |  |  | $ | 1,475,442 |
Royalty income |  | $ | 6,443 |  |  | $ | 10,012 |  |  | $ | 1,724 |  |  | $ | 18,179 |
|  | Fiscal quarter ended June 30, 2018
(dollars in thousands) |  | U.S. Retail |  | U.S. Wholesale |  | International |  | Total
Wholesale channel |  | $ | — |  |  | $ | 209,476 |  |  | $ | 25,169 |  |  | $ | 234,645 |
Direct-to-consumer |  | 402,021 |  |  | — |  |  | 59,531 |  |  | 461,552 |
|  | $ | 402,021 |  |  | $ | 209,476 |  |  | $ | 84,700 |  |  | $ | 696,197 |
Royalty income |  | $ | 4,426 |  |  | $ | 4,957 |  |  | $ | 972 |  |  | $ | 10,355 |
|  | Two fiscal quarters ended June 30, 2018
(dollars in thousands) |  | U.S. Retail |  | U.S. Wholesale |  | International |  | Total
Wholesale channel |  | $ | — |  |  | $ | 490,309 |  |  | $ | 62,882 |  |  | $ | 553,191 |
Direct-to-consumer |  | 785,762 |  |  | — |  |  | 113,030 |  |  | 898,792 |
|  | $ | 785,762 |  |  | $ | 490,309 |  |  | $ | 175,912 |  |  | $ | 1,451,983 |
Royalty income |  | $ | 6,011 |  |  | $ | 10,802 |  |  | $ | 1,536 |  |  | $ | 18,349 |
Accounts Receivable from Customers and Licensees The components of Accounts receivable, net, were as follows:
(dollars in thousands) |  | June 29, 2019 |  | December 29, 2018 |  | June 30, 2018
Trade receivables from wholesale customers, net |  | $ | 157,808 |  |  | $ | 244,258 |  |  | $ | 138,952 |
Royalties receivable |  | 8,469 |  |  | 9,279 |  |  | 8,824 |
Tenant allowances and other receivables |  | 12,273 |  |  | 16,588 |  |  | 12,168 |
Total gross receivables |  | $ | 178,550 |  |  | $ | 270,125 |  |  | $ | 159,944 |
Less: |  |  |  |  |  |
Wholesale accounts receivable reserves |  | (10,374 | ) |  | (11,866 | ) |  | (7,427 | )
Accounts receivable, net |  | $ | 168,176 |  |  | $ | 258,259 |  |  | $ | 152,517 |
Contract with Customer, Asset and Liability | Contract Assets and Liabilities The Company's contract assets are not material. The Company recognizes a contract liability when it has received consideration from the customer and has a future obligation to transfer goods to the customer. Total contract liabilities consisted of the following amounts:
(dollars in thousands) | June 29, 2019 |  | December 29, 2018 |  | June 30, 2018
Contract liabilities - current: |  |  |  |  |  |  |
Unredeemed gift cards | $ | 13,804 |  |  | $ | 14,471 |  |  | $ | 11,072 |
Unredeemed customer loyalty rewards | 5,610 |  |  | 7,764 |  |  | 6,164 |
Private label credit card - signing bonus(1) | 714 |  |  | 714 |  |  | — |
Total contract liabilities - current(2) | $ | 20,128 |  |  | $ | 22,949 |  |  | $ | 17,236 |
(1) | Private label credit card - signing bonus - reflects the amount that the Company received as an upfront signing bonus from the third-party financial institution for the private label credit card program. The amount is recognized as revenue on a straight-line basis over the term of the agreement.
(2) | Included with Other current liabilities on the Company's consolidated balance sheet.
The Company's long-term contract liabilities are not material.

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