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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
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 1 2022(*)
$83,934 $74,454 $53,635 $212,023 
Foreign currency impact— — (2,690)(2,690)
Balance at December 31, 2022$83,934 $74,454 $50,945 $209,333 
Foreign currency impact— — 1,204 1,204 
Balance at December 30, 2023$83,934 $74,454 $52,149 $210,537 
(*)Goodwill for the International reporting unit is net of accumulated impairment losses of $17.7 million.
Tradename and Intangible Assets
A summary of the carrying value of the Company’s intangible assets were as follows:
December 30, 2023December 31, 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(1)
Indefinite6,000 — 6,000 6,000 — 6,000 
Finite-life tradenames(2)
5 - 20 years
3,911 1,958 1,953 3,911 1,751 2,160 
Total tradenames, net$300,144 $1,958 $298,186 $300,144 $1,751 $298,393 
Skip Hop customer relationships15 years$47,300 $21,363 $25,937 $47,300 $18,187 $29,113 
Carter’s Mexico customer relationships10 years3,324 2,023 1,301 3,125 1,674 1,451 
Total customer relationships, net$50,624 $23,386 $27,238 $50,425 $19,861 $30,564 
(1)In fiscal 2022, impairment charges of $5.6 million, $3.0 million, and $0.4 million were recorded on our indefinite-lived Skip Hop tradename asset in the U.S. Wholesale, International, and U.S. Retail segments, respectively, to reflect the impairment of the value ascribed to the indefinite-lived Skip Hop tradename asset.
(2)Relates to the acquisition of rights to the Carter’s brand in Chile in December 2014 and the acquisition of the Skip Hop brand in February 2017.
Future Amortization Expense
The estimated amortization expense for the next five fiscal years is as follows:
(dollars in thousands)Amortization expense
2024$3,717 
2025$3,717 
2026$3,717 
2027$3,566 
2028$3,354