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REVENUE RECOGNITION (Tables) | 3 Months Ended
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Mar. 28, 2020
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 certain of its licensees. Disaggregated revenues from these sources for the first quarter of fiscal 2020 and 2019 were as follows:
|  | Fiscal quarter ended March 28, 2020
(dollars in thousands) |  | U.S. Retail |  | U.S. Wholesale |  | International |  | Total
Wholesale channel |  | $ | — |  |  | $ | 252,130 |  |  | $ | 38,730 |  |  | $ | 290,860 |
Direct-to-consumer |  | 320,717 |  |  | — |  |  | 42,896 |  |  | 363,613 |
|  | $ | 320,717 |  |  | $ | 252,130 |  |  | $ | 81,626 |  |  | $ | 654,473 |
Royalty income |  | $ | 2,494 |  |  | $ | 4,083 |  |  | $ | 761 |  |  | $ | 7,338 |
|  | Fiscal quarter ended March 30, 2019
(dollars in thousands) |  | U.S. Retail |  | U.S. Wholesale |  | International |  | Total
Wholesale channel |  | $ | — |  |  | $ | 275,367 |  |  | $ | 40,788 |  |  | $ | 316,155 |
Direct-to-consumer |  | 377,053 |  |  | — |  |  | 47,849 |  |  | 424,902 |
|  | $ | 377,053 |  |  | $ | 275,367 |  |  | $ | 88,637 |  |  | $ | 741,057 |
Royalty income |  | $ | 1,991 |  |  | $ | 5,850 |  |  | $ | 703 |  |  | $ | 8,544 |
Accounts Receivable from Customers and Licensees The components of Accounts receivable, net, were as follows:
(dollars in thousands) |  | March 28, 2020 |  | December 28, 2019 |  | March 30, 2019
Trade receivables from wholesale customers, net |  | $ | 221,101 |  |  | $ | 240,750 |  |  | $ | 226,455 |
Royalties receivable |  | 6,428 |  |  | 6,982 |  |  | 7,511 |
Tenant allowances and other receivables |  | 11,968 |  |  | 16,247 |  |  | 15,614 |
Total gross receivables |  | $ | 239,497 |  |  | $ | 263,979 |  |  | $ | 249,580 |
Less: |  |  |  |  |  |
Wholesale accounts receivable reserves |  | (17,613 | ) |  | (12,974 | ) |  | (10,341 | )
Accounts receivable, net |  | $ | 221,884 |  |  | $ | 251,005 |  |  | $ | 239,239 |
Contract with Customer, Asset and Liability | Contract Assets and Liabilities The Company's contract assets are not material. Contract Liabilities The Company recognizes a contract liability when it has received consideration from a customer and has a future obligation to transfer goods to the customer. Total contract liabilities consisted of the following amounts:
(dollars in thousands) | March 28, 2020 |  | December 28, 2019 |  | March 30, 2019
Contract liabilities - current: |  |  |  |  |  |  |
Unredeemed gift cards | $ | 16,758 |  |  | $ | 17,563 |  |  | $ | 13,724 |
Unredeemed customer loyalty rewards | 4,503 |  |  | 5,615 |  |  | 8,520 |
Carter's credit card - upfront bonus(1) | 714 |  |  | 714 |  |  | 714 |
Total contract liabilities - current(2) | $ | 21,975 |  |  | $ | 23,892 |  |  | $ | 22,958 |
(1) | Carter's credit card - upfront bonus - the Company received an upfront signing bonus from a third-party financial institution, which will be recognized as revenue on a straight-line basis over the term of the agreement. This amount reflects the current portion of this bonus to be recognized as revenue over the next twelve months.
(2) Included with Other current liabilities on the Company's consolidated balance sheet.

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- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130551-203045 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045 + Details
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