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GOODWILL AND INTANGIBLE ASSETS (Tables) | 6 Months Ended
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Jul. 02, 2022
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 January 2, 2021 | $ | 83,934 |  |  | $ | 74,454 |  |  | $ | 53,388 |  |  | $ | 211,776 |
Foreign currency impact | — |  |  | — |  |  | 1,419 |  |  | 1,419 |
Balance at July 3, 2021(*) | $ | 83,934 |  |  | $ | 74,454 |  |  | $ | 54,807 |  |  | $ | 213,195 |
Balance at January 1, 2022 | $ | 83,934 |  |  | $ | 74,454 |  |  | $ | 53,635 |  |  | $ | 212,023 |
Foreign currency impact | — |  |  | — |  |  | (776) |  |  | (776) |
Balance at July 2, 2022(*) | $ | 83,934 |  |  | $ | 74,454 |  |  | $ | 52,859 |  |  | $ | 211,247 |
(*)Goodwill for the International reporting unit is net of accumulated impairment losses of $17.7 million.
Intangible Assets Table | A summary of the carrying value of the Company’s intangible assets were as follows:
|  |  | July 2, 2022 |  | January 1, 2022
(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 | Indefinite |  | 70,000 |  |  | — |  |  | 70,000 |  |  | 70,000 |  |  | — |  |  | 70,000 |
Skip Hop tradename | Indefinite |  | 15,000 |  |  | — |  |  | 15,000 |  |  | 15,000 |  |  | — |  |  | 15,000 |
Finite-life tradenames | 5-20 years |  | 3,911 |  |  | 1,626 |  |  | 2,285 |  |  | 3,911 |  |  | 1,501 |  |  | 2,410 |
Total tradenames, net |  |  | $ | 309,144 |  |  | $ | 1,626 |  |  | $ | 307,518 |  |  | $ | 309,144 |  |  | $ | 1,501 |  |  | $ | 307,643 |
Skip Hop customer relationships | 15 years |  | $ | 47,300 |  |  | $ | 16,598 |  |  | $ | 30,702 |  |  | $ | 47,300 |  |  | $ | 15,010 |  |  | $ | 32,290 |
Carter’s Mexico customer relationships | 10 years |  | 3,066 |  |  | 1,520 |  |  | 1,546 |  |  | 3,047 |  |  | 1,368 |  |  | 1,679 |
Total customer relationships, net |  |  | $ | 50,366 |  |  | $ | 18,118 |  |  | $ | 32,248 |  |  | $ | 50,347 |  |  | $ | 16,378 |  |  | $ | 33,969 |
|  |  | July 3, 2021
(dollars in thousands) | Weighted-average useful life |  | Gross amount |  | Accumulated amortization |  | Net amount
Carter’s tradename | Indefinite |  | $ | 220,233 |  |  | $ | — |  |  | $ | 220,233 |
OshKosh tradename | Indefinite |  | 70,000 |  |  | — |  |  | 70,000 |
Skip Hop tradename | Indefinite |  | 15,000 |  |  | — |  |  | 15,000 |
Finite-life tradenames | 5-20 years |  | 3,911 |  |  | 1,376 |  |  | 2,535 |
Total tradenames, net |  |  | $ | 309,144 |  |  | $ | 1,376 |  |  | $ | 307,768 |
Skip Hop customer relationships | 15 years |  | $ | 47,300 |  |  | $ | 13,422 |  |  | $ | 33,878 |
Carter’s Mexico customer relationships | 10 years |  | 3,116 |  |  | 1,217 |  |  | 1,899 |
Total customer relationships, net |  |  | $ | 50,416 |  |  | $ | 14,639 |  |  | $ | 35,777 |
Schedule of Future Amortization Expense | The estimated amortization expense for the next five fiscal years is as follows:
(dollars in thousands) | Amortization expense
Remainder of 2022 | $ | 1,865 |
2023 | $ | 3,688 |
2024 | $ | 3,658 |
2025 | $ | 3,658 |
2026 | $ | 3,658 |
2027 | $ | 3,532 |

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