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REVENUE RECOGNITION
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
The Company’s revenues are earned from contracts or arrangements with retail and wholesale customers and licensees. Contracts include written agreements, as well as arrangements that are implied by customary practices or law.
Disaggregation of Revenue
The Company sells its products directly to consumers (“direct-to-consumer”) and to other retail companies and partners that subsequently sell the products directly to their own retail customers (“wholesale channel”). The Company also earns royalties from certain of its licensees. Disaggregated revenues from these sources for the fiscal periods indicated were as follows:
Fiscal quarter ended September 30, 2023
(dollars in thousands)U.S. RetailU.S. WholesaleInternationalTotal
Wholesale channel$— $300,338 $45,842 $346,180 
Direct-to-consumer374,796 — 70,675 445,471 
$374,796 $300,338 $116,517 $791,651 
Royalty income, net$2,236 $3,147 $330 $5,713 
Three fiscal quarters ended September 30, 2023
(dollars in thousands)U.S. RetailU.S. WholesaleInternationalTotal
Wholesale channel$— $767,194 $117,547 $884,741 
Direct-to-consumer1,021,983 — 181,006 1,202,989 
$1,021,983 $767,194 $298,553 $2,087,730 
Royalty income, net$5,746 $8,694 $2,133 $16,573 
Fiscal quarter ended October 1, 2022
(dollars in thousands)U.S. RetailU.S. WholesaleInternationalTotal
Wholesale channel$— $288,454 $50,489 $338,943 
Direct-to-consumer408,209 — 71,472 479,681 
$408,209 $288,454 $121,961 $818,624 
Royalty income, net$3,073 $3,349 $851 $7,273 
Three fiscal quarters ended October 1, 2022
(dollars in thousands)U.S. RetailU.S. WholesaleInternationalTotal
Wholesale channel$— $819,772 $137,940 $957,712 
Direct-to-consumer1,153,664 — 189,227 1,342,891 
$1,153,664 $819,772 $327,167 $2,300,603 
Royalty income, net$7,631 $9,664 $3,054 $20,349 
Accounts Receivable from Customers and Licensees
The components of Accounts receivable, net, were as follows:
(dollars in thousands)September 30, 2023December 31, 2022October 1, 2022
Trade receivables from wholesale customers, net$239,493 $195,078 $260,635 
Royalties receivable5,825 5,386 6,823 
Other receivables(1)
10,898 14,571 13,673 
Total gross receivables$256,216 $215,035 $281,131 
Less: Wholesale accounts receivable reserves(2)(3)
(15,709)(16,448)(15,538)
Accounts receivable, net$240,507 $198,587 $265,593 
(1)Includes tax, payroll, gift card and other receivables.
(2)Includes allowance for chargebacks of $9.0 million, $9.3 million, and $9.2 million for the periods ended September 30, 2023, December 31, 2022, and October 1, 2022, respectively.
(3)Includes allowance for credit losses of $6.7 million, $7.2 million, and $6.3 million for the periods ended September 30, 2023, December 31, 2022, and October 1, 2022, respectively.
Contract Assets and Liabilities
The Company’s contract assets are not material.
Contract Liabilities
The Company recognizes a contract liability when it has received consideration from a customer and has a future obligation to transfer goods to the customer. Total contract liabilities consisted of the following amounts:    
(dollars in thousands)September 30, 2023December 31, 2022October 1, 2022
Contract liabilities - current:
Unredeemed gift cards$23,983 $23,303 $21,217 
Unredeemed customer loyalty rewards4,020 5,276 7,527 
Carter’s credit card - upfront bonus(1)
714 714 714 
Total contract liabilities - current(2)
$28,717 $29,293 $29,458 
Contract liabilities - non-current(3)
$893 $1,429 $1,607 
Total contract liabilities$29,610 $30,722 $31,065 
(1)The Company received an upfront signing bonus from a third-party financial institution, which will be recognized as revenue on a straight-line basis over the term of the agreement. This amount reflects the current portion of this bonus to be recognized as revenue over the next twelve months.
(2)Included with Other current liabilities on the Company’s condensed consolidated balance sheets.
(3)This amount reflects the non-current portion of the Carter’s credit card upfront bonus and is included within Other long-term liabilities on the Company’s condensed consolidated balance sheets.