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SEGMENT INFORMATION | 12 Months Ended
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Jan. 01, 2022
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The Company reports segment information based upon a “management approach.” The management approach refers to the internal reporting that is used by management for making operating decisions and assessing the performance of the Company’s reportable segments. The Company reports its corporate expenses separately as they are not included in the internal measures of segment operating performance used by the Company to measure the underlying performance of its reportable segments. Segment results include the direct costs of each segment and all other costs are allocated based upon detailed estimates and analysis of actual time and expenses incurred to support the operations of each segment or units produced or sourced to support each segment’s revenue. Certain costs, including incentive compensation for certain employees, and various other general corporate costs that are not specifically allocable to segments, are included in corporate expenses below. Intersegment sales and transfers are recorded at cost and are treated as a transfer of inventory. The Company does not evaluate performance or allocate resources based on segment asset data, and therefore total segment assets are not presented. The accounting policies of the segments are the same as those described in Note 2, Summary of Significant Accounting Policies, to the consolidated financial statements. The table below presents certain segment information for our reportable segments and unallocated corporate expenses for the periods indicated:
| For the fiscal year ended
(dollars in thousands) | January 1, 2022 (52 weeks) |  | % of Consolidated Net Sales |  | January 2, 2021 (53 weeks) |  | % of Consolidated Net Sales |  | December 28, 2019 (52 weeks) |  | % of Consolidated Net Sales
Net sales: |  |  |  |  |  |  |  |  |  |  |
U.S. Retail | $ | 1,899,262 |  |  | 54.5 | % |  | $ | 1,671,644 |  |  | 55.3 | % |  | $ | 1,884,150 |  |  | 53.5 | %
U.S. Wholesale | 1,126,415 |  |  | 32.3 | % |  | 996,088 |  |  | 32.9 | % |  | 1,205,646 |  |  | 34.3 | %
International | 460,763 |  |  | 13.2 | % |  | 356,602 |  |  | 11.8 | % |  | 429,490 |  |  | 12.2 | %
Total consolidated net sales | $ | 3,486,440 |  |  | 100.0 | % |  | $ | 3,024,334 |  |  | 100.0 | % |  | $ | 3,519,286 |  |  | 100.0 | %
Operating income (loss): |  |  | % of Segment Net Sales |  |  |  | % of Segment Net Sales |  |  |  | % of Segment Net Sales
U.S. Retail | $ | 368,221 |  |  | 19.4 | % |  | $ | 146,806 |  |  | 8.8 | % |  | $ | 225,874 |  |  | 12.0 | %
U.S. Wholesale | 195,369 |  |  | 17.3 | % |  | 141,456 |  |  | 14.2 | % |  | 212,558 |  |  | 17.6 | %
International | 63,806 |  |  | 13.8 | % |  | (1,224) |  |  | (0.3) | % |  | 36,650 |  |  | 8.5 | %
Corporate expenses(*) | (130,317) |  |  | n/a |  | (97,169) |  |  | n/a |  | (103,210) |  |  | n/a
Total operating income | $ | 497,079 |  |  | 14.3 | % |  | $ | 189,869 |  |  | 6.3 | % |  | $ | 371,872 |  |  | 10.6 | %
(*)Corporate expenses include expenses related to incentive compensation, stock-based compensation, executive management, severance and relocation, finance, office occupancy, information technology, certain legal fees, consulting fees, and audit fees. The tables below present additional segment information for our reportable segments for the periods presented:
(dollars in millions) | January 1, 2022
Charges: | U.S. Retail |  | U.S. Wholesale |  | International
Organizational restructuring(1) | $ | (0.6) |  |  | $ | 0.1 |  |  | $ | 2.3 |
Incremental costs associated with COVID-19 pandemic | 2.0 |  |  | 1.7 |  |  | 0.2 |
Gain on modification of retail store leases(2) | (2.6) |  |  | — |  |  | — |
Total charges(3) | $ | (1.2) |  |  | $ | 1.8 |  |  | $ | 2.5 |
(1)The fiscal year ended January 1, 2022 also includes corporate charges related to organizational restructuring of $0.7 million. (2)Related to gains on the modification of previously impaired retail store leases. (3)Total charges for the fiscal year ended January 1, 2022 exclude a customer bankruptcy recovery of $38,000.
(dollars in millions) |  | January 2, 2021 |  | December 28, 2019
Charges: |  | U.S. Retail |  | U.S. Wholesale |  | International |  | U.S. Retail |  | U.S. Wholesale |  | International
Organizational restructuring (1) |  | $ | 5.0 |  |  | $ | 2.0 |  |  | $ | 2.2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Goodwill impairment |  | — |  |  | — |  |  | 17.7 |  |  | — |  |  | — |  |  | — |
Skip Hop tradename impairment charge |  | 0.5 |  |  | 6.8 |  |  | 3.7 |  |  | 1.2 |  |  | 19.1 |  |  | 10.5 |
OshKosh tradename impairment charge |  | 13.6 |  |  | 1.6 |  |  | 0.3 |  |  | — |  |  | — |  |  | — |
Incremental costs associated with COVID-19 pandemic |  | 9.6 |  |  | 9.6 |  |  | 2.2 |  |  | — |  |  | — |  |  | — |
Retail store operating leases and other long-lived asset impairments, net of gain(2) |  | 7.4 |  |  | — |  |  | 0.3 |  |  | — |  |  | — |  |  | — |
Benefit related to sale of inventory previously reserved in China |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2.1) |
Reversal of store restructuring costs previously recorded during the third quarter of fiscal 2017 |  | — |  |  | — |  |  | — |  |  | (0.7) |  |  | — |  |  | — |
Customer bankruptcy recovery |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.6) |  |  | — |
Total charges |  | $ | 36.1 |  |  | $ | 20.0 |  |  | $ | 26.4 |  |  | $ | 0.5 |  |  | $ | 18.5 |  |  | $ | 8.4 |
(1)The fiscal year ended January 2, 2021 and the fiscal year ended December 28, 2019 also includes corporate charges related to organizational restructuring of $7.4 million and $1.6 million, respectively. (2)Impairments include an immaterial gain on the remeasurement of retail store operating leases. Additional Data by Segment Inventory The table below represents inventory by segment:
| For the fiscal year ended
(dollars in thousands) | January 1, 2022 |  | January 2, 2021
U.S. Wholesale(*) | $ | 513,702 |  |  | $ | 464,229 |
U.S. Retail | 50,563 |  |  | 47,889 |
International | 83,477 |  |  | 87,144 |
Total | $ | 647,742 |  |  | $ | 599,262 |
(*)U.S. Wholesale inventories also include inventory produced and warehoused for the U.S. Retail segment. The table below represents consolidated net sales by product:
| For the fiscal year ended
(dollars in thousands) | January 1, 2022 (52 weeks) |  | January 2, 2021 (53 weeks) |  | December 28, 2019 (52 weeks)
Playclothes | $ | 1,261,622 |  |  | $ | 1,052,178 |  |  | $ | 1,362,847 |
Baby | 1,124,961 |  |  | 1,026,910 |  |  | 1,228,905 |
Sleepwear | 500,596 |  |  | 441,358 |  |  | 428,541 |
Other(*) | 599,261 |  |  | 503,888 |  |  | 498,993 |
Total net sales | $ | 3,486,440 |  |  | $ | 3,024,334 |  |  | $ | 3,519,286 |
(*)Other product offerings include bedding, outerwear, swimwear, shoes, socks, diaper bags, gift sets, toys, and hair accessories. Geographical Data Revenue The Company’s international sales principally represent sales to customers in Canada. Such sales were 65.0%, 70.3%, and 65.6% of total international net sales in fiscal 2021, 2020, and 2019, respectively. Long-Lived Assets The following represents Property, plant, and equipment, net, and Operating lease assets by geographic area:
| For the fiscal year ended
(dollars in thousands) | January 1, 2022 |  | January 2, 2021
United States | $ | 613,111 |  |  | $ | 753,232 |
International | 90,641 |  |  | 102,121 |
Total(*) | $ | 703,752 |  |  | $ | 855,353 |
(*)Fiscal year ended January 2, 2021 was revised to reflect the inclusion of operating lease assets. Long-lived assets in the international segment primarily relate to Canada. Long-lived assets in Canada were 82.7% and 87.9% of total international long-lived assets at the end of fiscal 2021 and 2020, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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