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GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
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. RetailU.S. WholesaleInternationalTotal
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, 2022January 1, 2022
(dollars in thousands)Weighted-average useful lifeGross amountAccumulated amortizationNet amountGross amountAccumulated amortizationNet amount
Carter’s tradename
Indefinite$220,233 $— $220,233 $220,233 $— $220,233 
OshKosh tradename
Indefinite70,000 — 70,000 70,000 — 70,000 
Skip Hop tradename
Indefinite15,000 — 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 relationships15 years$47,300 $16,598 $30,702 $47,300 $15,010 $32,290 
Carter’s Mexico customer relationships10 years3,066 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 lifeGross amountAccumulated amortizationNet amount
Carter’s tradename
Indefinite$220,233 $— $220,233 
OshKosh tradename
Indefinite70,000 — 70,000 
Skip Hop tradename
Indefinite15,000 — 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 relationships15 years$47,300 $13,422 $33,878 
Carter’s Mexico customer relationships10 years3,116 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