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SEGMENT INFORMATION (Tables)

12 Months Ended

Jan. 01, 2022

Segment Reporting [Abstract]

Schedule of segment information

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.

Inventory, net, by segment

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.

Consolidated Net Sales by Product

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.

Property, plant, and equipment, net, by geographic area

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.

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