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REVENUE RECOGNITION (Tables) | 12 Months Ended
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Dec. 28, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | 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. The Company also earns royalties from certain of its licensees. Disaggregated revenues from these sources for the fiscal years presented were as follows:
|  | Fiscal year ended December 28, 2024
(dollars in thousands) |  | U.S. Retail |  | U.S. Wholesale |  | International |  | Total
Direct-to-consumer |  | $ | 1,417,108 |  |  | $ | — |  |  | $ | 268,409 |  |  | $ | 1,685,517 |
Wholesale channel |  | — |  |  | 1,021,396 |  |  | 137,189 |  |  | 1,158,585 |
|  | $ | 1,417,108 |  |  | $ | 1,021,396 |  |  | $ | 405,598 |  |  | $ | 2,844,102 |
Royalty income, net |  | $ | 5,365 |  |  | $ | 11,072 |  |  | $ | 2,814 |  |  | $ | 19,251 |
|  | Fiscal year ended December 30, 2023
(dollars in thousands) |  | U.S. Retail |  | U.S. Wholesale |  | International |  | Total
Direct-to-consumer |  | $ | 1,501,780 |  |  | $ | — |  |  | $ | 268,596 |  |  | $ | 1,770,376 |
Wholesale channel |  | — |  |  | 1,014,584 |  |  | 160,634 |  |  | 1,175,218 |
|  | $ | 1,501,780 |  |  | $ | 1,014,584 |  |  | $ | 429,230 |  |  | $ | 2,945,594 |
Royalty income, net |  | $ | 6,549 |  |  | $ | 11,660 |  |  | $ | 3,201 |  |  | $ | 21,410 |
|  | Fiscal year ended December 31, 2022
(dollars in thousands) |  | U.S. Retail |  | U.S. Wholesale |  | International |  | Total
Direct-to-consumer |  | $ | 1,680,159 |  |  | $ | — |  |  | $ | 279,903 |  |  | $ | 1,960,062 |
Wholesale channel |  | — |  |  | 1,080,471 |  |  | 172,200 |  |  | 1,252,671 |
|  | $ | 1,680,159 |  |  | $ | 1,080,471 |  |  | $ | 452,103 |  |  | $ | 3,212,733 |
Royalty income, net |  | $ | 8,815 |  |  | $ | 12,915 |  |  | $ | 4,090 |  |  | $ | 25,820 |
Accounts Receivable from Customers and Licensees | Accounts Receivable from Customers and Licensees The components of Accounts receivable, net, were as follows:
(dollars in thousands) |  | December 28, 2024 |  | December 30, 2023
Trade receivables from wholesale customers, net |  | $ | 187,715 |  |  | $ | 172,106 |
Royalties receivable, net |  | 3,728 |  |  | 4,753 |
Other receivables(1) |  | 13,444 |  |  | 20,032 |
Total receivables |  | $ | 204,887 |  |  | $ | 196,891 |
Less: Wholesale accounts receivable reserves(2)(3) |  | (10,053) |  |  | (13,117) |
Accounts receivable, net |  | $ | 194,834 |  |  | $ | 183,774 |
(1)Includes 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 $4.4 million and $8.4 million for the periods ended December 28, 2024 and December 30, 2023, respectively. (3)Includes allowance for credit losses of $5.7 million and $4.8 million for the periods ended December 28, 2024 and December 30, 2023, respectively.
Accounts Receivable Reserves | Information regarding Wholesale accounts receivable reserves is as follows:
(dollars in thousands) | Wholesale accounts receivable reserves
Balance at January 1, 2022 | $ | 18,695 |
Additional provisions | 9,280 |
Charges to reserve | (11,527) |
Balance at December 31, 2022 | $ | 16,448 |
Additional provisions | 5,220 |
Charges to reserve | (8,551) |
Balance at December 30, 2023 | $ | 13,117 |
Additional provisions | 2,836 |
Charges to reserve | (5,900) |
Balance at December 28, 2024 | $ | 10,053 |
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) | December 28, 2024 |  | December 30, 2023
Contract liabilities - current: |  |  |
Unredeemed gift cards | $ | 25,043 |  |  | $ | 25,162 |
Unredeemed customer loyalty rewards | 2,552 |  |  | 3,355 |
Carter’s credit card - upfront bonus(1) | 714 |  |  | 714 |
Total contract liabilities - current(2) | $ | 28,309 |  |  | $ | 29,231 |
Contract liabilities - non-current(3) | $ | — |  |  | $ | 714 |
Total contract liabilities | $ | 28,309 |  |  | $ | 29,945 |
(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 within Other current liabilities on the Company’s consolidated balance sheet. (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 consolidated balance sheet.

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- Definition A schedule of allowance and reserve accounts including their beginning and ending balances, as well as a reconciliation by type of activity during the period. Alternatively, disclosure of the required information may be within the footnotes to the financial statements or a supplemental schedule to the financial statements. + References No definition available. + Details
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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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