XML 43 R32.htm IDEA: XBRL DOCUMENT
v3.22.0.1

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
--- | ---
Jan. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | 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 28, 2019 | $ | 83,934 |  |  | $ | 74,454 |  |  | $ | 70,638 |  |  | $ | 229,026 |
Goodwill impairment(1) | — |  |  | — |  |  | (17,742) |  |  | (17,742) |
Foreign currency impact | — |  |  | — |  |  | 492 |  |  | 492 |
Balance at January 2, 2021 | $ | 83,934 |  |  | $ | 74,454 |  |  | $ | 53,388 |  |  | $ | 211,776 |
Foreign currency impact | — |  |  | — |  |  | 247 |  |  | 247 |
Balance at January 1, 2022(2) | $ | 83,934 |  |  | $ | 74,454 |  |  | $ | 53,635 |  |  | $ | 212,023 |
(1)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. (2)Goodwill for the International reporting unit is net of accumulated impairment losses of $17.7 million.
Tradename and Intangible Assets | A summary of the carrying value of the Company’s intangible assets were as follows:
|  |  | January 1, 2022 |  |  | January 2, 2021
(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 |  |  |  | 70,000 |  |  | — |  |  | 70,000 |
Skip Hop tradename(2) | Indefinite |  | 15,000 |  |  | — |  |  | 15,000 |  |  |  | 15,000 |  |  | — |  |  | 15,000 |
Finite-life tradenames | 5 - 20 years |  | 3,911 |  |  | 1,501 |  |  | 2,410 |  |  |  | 3,911 |  |  | 1,251 |  |  | 2,660 |
Total tradenames, net |  |  | $ | 309,144 |  |  | $ | 1,501 |  |  | $ | 307,643 |  |  |  | $ | 309,144 |  |  | $ | 1,251 |  |  | $ | 307,893 |
Skip Hop customer relationships | 15 years |  | $ | 47,300 |  |  | $ | 15,010 |  |  | $ | 32,290 |  |  |  | $ | 47,300 |  |  | $ | 11,834 |  |  | $ | 35,466 |
Carter’s Mexico customer relationships | 10 years |  | 3,047 |  |  | 1,368 |  |  | 1,679 |  |  |  | 3,108 |  |  | 1,064 |  |  | 2,044 |
Total customer relationships, net |  |  | $ | 50,347 |  |  | $ | 16,378 |  |  | $ | 33,969 |  |  |  | $ | 50,408 |  |  | $ | 12,898 |  |  | $ | 37,510 |
(1)In 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 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.
Future Amortization Expense | The estimated amortization expense for the next five fiscal years is as follows:
(dollars in thousands) | Amortization expense
2022 | $ | 3,727 |
2023 | $ | 3,685 |
2024 | $ | 3,655 |
2025 | $ | 3,655 |
2026 | $ | 3,655 |

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: | dtr-types: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=121556970&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=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration