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REVENUE RECOGNITION (Tables)
 6 Months Ended
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.