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GOODWILL AND INTANGIBLE ASSETS
6 Months Ended
Jun. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The Company's goodwill and intangible assets were as follows:
 
 
 
June 29, 2019
 
December 29, 2018
(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
 
40,496

 

 
40,496

 
38,869

 

 
38,869

Skip Hop goodwill
Indefinite
 
45,960

 

 
45,960

 
45,960

 

 
45,960

Carter's Mexico goodwill
Indefinite
 
5,834

 

 
5,834

 
5,702

 

 
5,702

Total goodwill
 
 
$
228,860

 
$

 
$
228,860

 
$
227,101

 
$

 
$
227,101

 
 
 
 
 
 
 
 
 
 
 
 
 
 
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

 
$
877

 
3,034

 
3,911

 
$
752

 
3,159

Total tradenames, net
 
 
$
366,444


$
877

 
$
365,567

 
$
366,444

 
$
752

 
$
365,692

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Skip Hop customer relationships
15 years
 
$
47,300

 
$
7,068

 
$
40,232

 
$
47,300

 
$
5,480

 
$
41,820

Carter's Mexico customer relationships
10 years
 
3,209

 
616

 
2,593

 
3,146

 
455

 
2,691

Total customer relationships, net
 
 
$
50,509

 
$
7,684

 
$
42,825

 
$
50,446

 
$
5,935

 
$
44,511

 
 
 
June 30, 2018
(dollars in thousands)
Weighted-average useful life
 
Gross amount
 
Accumulated amortization
 
Net amount
Carter's goodwill
Indefinite
 
$
136,570

 
$

 
$
136,570

Canada goodwill
Indefinite
 
40,367

 

 
40,367

Skip Hop goodwill
Indefinite
 
45,984

 

 
45,984

Carter's Mexico goodwill
Indefinite
 
5,634

 

 
5,634

Total goodwill
 
 
$
228,555

 
$

 
$
228,555

 
 
 
 
 
 
 
 
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
 
3,911

 
$
627

 
3,284

Total tradenames, net
 
 
$
366,444

 
$
627

 
$
365,817

 
 
 
 
 
 
 
 
Skip Hop customer relationships
15 years
 
$
47,300

 
$
3,892

 
$
43,408

Carter's Mexico customer relationships
10 years
 
3,031

 
217

 
2,814

Total customer relationships, net
 
 
$
50,331

 
$
4,109

 
$
46,222


Amortization expense for intangible assets subject to amortization was approximately $0.9 million and $0.8 million for the second fiscal quarter ended June 29, 2019 and second fiscal quarter ended June 30, 2018, respectively. For the first two quarters of fiscal 2019 and fiscal 2018, amortization expense was approximately $1.9 million and $1.8 million, respectively.
The estimated amortization expense for the next five fiscal years is as follows:
(dollars in thousands)
Amortization
2020
$
3,747

2021
$
3,747

2022
$
3,747

2023
$
3,705

2024
$
3,675