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REVENUE RECOGNITION (Tables)
 3 Months Ended
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.