XML 34 R28.htm IDEA: XBRL DOCUMENT
v3.20.1

GOODWILL AND INTANGIBLE ASSETS (Tables) | 3 Months Ended
--- | ---
Mar. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill by Segment | The balances and changes in the carrying amount of goodwill attributable to each segment were as follows:
(dollars in thousands) | U.S. Retail |  | U.S. Wholesale |  | International |  | Total
Balance at December 29, 2018 | $ | 83,934 |  |  | 74,454 |  |  | $ | 68,713 |  |  | $ | 227,101 |
Foreign currency impact | — |  |  | — |  |  | 918 |  |  | 918 |
Balance at March 30, 2019 | $ | 83,934 |  |  | $ | 74,454 |  |  | $ | 69,631 |  |  | $ | 228,019 |
Balance at December 28, 2019 | $ | 83,934 |  |  | $ | 74,454 |  |  | $ | 70,638 |  |  | $ | 229,026 |
Goodwill impairment(*) | — |  |  | — |  |  | (17,742 | ) |  | (17,742 | )
Foreign currency impact | — |  |  | — |  |  | (3,564 | ) |  | (3,564 | )
Balance at March 28, 2020 | $ | 83,934 |  |  | $ | 74,454 |  |  | $ | 49,332 |  |  | $ | 207,720 |
(*) In the first quarter of fiscal 2020, a charge of $17.7 million was recorded to reflect the impairment of the value ascribed to the goodwill in the Other International reporting unit in the International segment.
Intangible assets table | summary of the carrying value of the Company's intangible assets were as follows:
|  |  | March 28, 2020 |  | December 28, 2019
(dollars in thousands) | Weighted-average useful life |  | Gross amount |  | Accumulated amortization |  | Net amount |  | Gross amount |  | Accumulated amortization |  | Net amount
Carter's tradename | Indefinite |  | $ | 220,233 |  |  | $ | — |  |  | $ | 220,233 |  |  | $ | 220,233 |  |  | $ | — |  |  | $ | 220,233 |
OshKosh tradename(1) | Indefinite |  | 70,000 |  |  | — |  |  | 70,000 |  |  | 85,500 |  |  | — |  |  | 85,500 |
Skip Hop tradename(2) | Indefinite |  | 15,000 |  |  | — |  |  | 15,000 |  |  | 26,000 |  |  | — |  |  | 26,000 |
Finite-life tradenames | 5-20 years |  | 3,911 |  |  | 1,064 |  |  | 2,847 |  |  | 3,911 |  |  | 1,002 |  |  | 2,909 |
Total tradenames, net |  |  | $ | 309,144 |  |  | $ | 1,064 |  |  | $ | 308,080 |  |  | $ | 335,644 |  |  | $ | 1,002 |  |  | $ | 334,642 |
Skip Hop customer relationships | 15 years |  | $ | 47,300 |  |  | $ | 9,451 |  |  | $ | 37,849 |  |  | $ | 47,300 |  |  | $ | 8,657 |  |  | $ | 38,643 |
Carter's Mexico customer relationships | 10 years |  | 2,790 |  |  | 854 |  |  | 1,936 |  |  | 3,258 |  |  | 775 |  |  | 2,483 |
Total customer relationships, net |  |  | $ | 50,090 |  |  | $ | 10,305 |  |  | $ | 39,785 |  |  | $ | 50,558 |  |  | $ | 9,432 |  |  | $ | 41,126 |
(1) | In the first quarter of fiscal 2020, a charge of $13.6 million, $1.6 million, and $0.3 million was recorded on our indefinite-lived OshKosh tradename asset in the U.S. Retail, U.S. Wholesale, and International segments, respectively, to reflect the impairment of the value ascribed to the indefinite-lived OshKosh tradename asset.
(2) | In the first quarter of fiscal 2020, a charge of $6.8 million, $3.7 million, and $0.5 million was recorded on our indefinite-lived Skip Hop tradename asset in the U.S. Wholesale, International, and U.S. Retail segments, respectively, to reflect the impairment of the value ascribed to the indefinite-lived Skip Hop tradename asset. Fiscal 2019 includes a tradename impairment charge of $30.8 million.
|  |  | March 30, 2019
(dollars in thousands) | Weighted-average useful life |  | Gross amount |  | Accumulated amortization |  | Net amount
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 |  |  | 814 |  |  | 3,097 |
Total tradenames, net |  |  | $ | 366,444 |  |  | $ | 814 |  |  | $ | 365,630 |
Skip Hop customer relationships | 15 years |  | $ | 47,300 |  |  | $ | 6,274 |  |  | $ | 41,026 |
Carter's Mexico customer relationships | 10 years |  | 3,179 |  |  | 536 |  |  | 2,643 |
Total customer relationships, net |  |  | $ | 50,479 |  |  | $ | 6,810 |  |  | $ | 43,669 |
Schedule of Future Amortization Expense |
(dollars in thousands) | Amortization expense
2021 | $ | 3,690 |
2022 | $ | 3,690 |
2023 | $ | 3,648 |
2024 | $ | 3,618 |
2025 | $ | 3,618 |

X
- Definition Schedule Of Goodwill and Other Intangible Assets [Table Text Block] + References No definition available. + Details
Name: | cri_ScheduleOfGoodwillAndOtherIntangibleAssetsTableTextBlock
Namespace Prefix: | cri_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration