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REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 29, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue Disaggregated revenues from these sources for the fiscal periods indicated were as follows:
Fiscal quarter ended June 29, 2024
(dollars in thousands)U.S. RetailU.S. WholesaleInternationalTotal
Direct-to-consumer$290,249 $— $54,349 $344,598 
Wholesale channel— 192,911 26,925 219,836 
$290,249 $192,911 $81,274 $564,434 
Royalty income, net$558 $2,484 $962 $4,004 
Two fiscal quarters ended June 29, 2024
(dollars in thousands)U.S. RetailU.S. WholesaleInternationalTotal
Direct-to-consumer$597,890 $— $109,411 $707,301 
Wholesale channel— 457,042 61,583 518,625 
$597,890 $457,042 $170,994 $1,225,926 
Royalty income, net$2,042 $5,843 $1,335 $9,220 
Fiscal quarter ended July 1, 2023
(dollars in thousands)U.S. RetailU.S. WholesaleInternationalTotal
Direct-to-consumer$323,466 $— $56,657 $380,123 
Wholesale channel— 186,867 33,209 220,076 
$323,466 $186,867 $89,866 $600,199 
Royalty income, net$1,432 $1,988 $921 $4,341 
Two fiscal quarters ended July 1, 2023
(dollars in thousands)U.S. RetailU.S. WholesaleInternationalTotal
Direct-to-consumer$647,187 $— $110,331 $757,518 
Wholesale channel— 466,856 71,705 538,561 
$647,187 $466,856 $182,036 $1,296,079 
Royalty income, net$3,510 $5,546 $1,804 $10,860 
Accounts Receivable from Customers and Licensees
The components of Accounts receivable, net were as follows:
(dollars in thousands)June 29, 2024December 30, 2023July 1, 2023
Trade receivables from wholesale customers, net$127,583 $172,106 $128,421 
Royalties receivable3,799 4,753 4,369 
Other receivables(1)
10,857 20,032 11,965 
Total gross receivables$142,239 $196,891 $144,755 
Less: Wholesale accounts receivable reserves(2)(3)
(9,879)(13,117)(12,076)
Accounts receivable, net$132,360 $183,774 $132,679 
(1)Includes tenant allowances, tax, payroll, gift card and other receivables. The balance for the fiscal period ended December 30, 2023 includes a receivable for a $6.9 million court approved settlement in December 2023 related to payment card interchange fees. This payment was received in the first quarter of fiscal 2024.
(2)Includes allowance for chargebacks of $5.0 million, $8.4 million, and $8.2 million for the periods ended June 29, 2024, December 30, 2023, and July 1, 2023, respectively.
(3)Includes allowance for credit losses of $4.9 million, $4.8 million, and $3.8 million for the periods ended June 29, 2024, December 30, 2023, and July 1, 2023, respectively.
Contract with Customer, Asset and Liability Total contract liabilities consisted of the following amounts:    
(dollars in thousands)June 29, 2024December 30, 2023July 1, 2023
Contract liabilities - current:
Unredeemed gift cards(1)
$24,484 $25,162 $23,987 
Unredeemed customer loyalty rewards1,832 3,355 3,575 
Carter’s credit card - upfront bonus(2)
714 714 714 
Total contract liabilities - current(3)
$27,030 $29,231 $28,276 
Contract liabilities - non-current(4)
$357 $714 $1,071 
Total contract liabilities$27,387 $29,945 $29,347 
(1)During the second quarters of fiscal 2024 and fiscal 2023, the Company recognized revenue of $2.0 million and $1.8 million related to the gift card liability balance that existed at March 30, 2024 and April 1, 2023, respectively. Additionally, during the first two quarters of fiscal 2024 and fiscal 2023, the Company recognized revenue of $5.7 million and $5.3 million related to the gift card liability balance that existed at December 30, 2023 and December 31, 2022, respectively.
(2)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.
(3)Included with Other current liabilities on the Company’s condensed consolidated balance sheets.
(4)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.