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GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 26, 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	—				—				1,134				1,134
Balance at September 28, 2019	$	83,934			$	74,454			$	69,847			$	228,235
Balance at December 28, 2019	$	83,934			$	74,454			$	70,638			$	229,026
Goodwill impairment(*)	—				—				(17,742		)		(17,742		)
Foreign currency impact	—				—				(1,777		)		(1,777		)
Balance at September 26, 2020	$	83,934			$	74,454			$	51,119			$	209,507

(*)

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:

			September 26, 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				1,189				2,722				3,911				1,002				2,909
Total tradenames, net			$	309,144			$	1,189			$	307,955			$	335,644			$	1,002			$	334,642
Skip Hop customer relationships	15 years		$	47,300			$	11,039			$	36,261			$	47,300			$	8,657			$	38,643
Carter's Mexico customer relationships	10 years		2,875				989				1,886				3,258				775				2,483
Total customer relationships, net			$	50,175			$	12,028			$	38,147			$	50,558			$	9,432			$	41,126

			September 28, 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(3)	Indefinite		26,000				—				26,000
Finite-life tradenames	5-20 years		3,911				939				2,972
Total tradenames, net			$	335,644			$	939			$	334,705
Skip Hop customer relationships	15 years		$	47,300			$	7,863			$	39,437
Carter's Mexico customer relationships	10 years		3,148				695				2,453
Total customer relationships, net			$	50,448			$	8,558			$	41,890

(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.

(3)

In the third quarter of fiscal 2019, a charge of $19.1 million, $10.5 million, and $1.2 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.

Schedule of Future Amortization Expense

(dollars in thousands)	Amortization expense
2021	$	3,702
2022	$	3,702
2023	$	3,660
2024	$	3,630
2025	$	3,630

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