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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 28, 2024
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 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 
Foreign currency impact— — (3,662)(3,662)
Balance at December 28, 2024$83,934 $74,454 $48,487 $206,875 
(*)Goodwill attributable to the International segment 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 28, 2024December 30, 2023
(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(1)
Indefinite40,000 — 40,000 70,000 — 70,000 
Skip Hop tradename
Indefinite6,000 — 6,000 6,000 — 6,000 
Finite-life tradenames(2)
5 - 20 years
3,911 2,136 1,775 3,911 1,958 1,953 
Total tradenames, net$270,144 $2,136 $268,008 $300,144 $1,958 $298,186 
Skip Hop customer relationships15 years$47,300 $24,540 $22,760 $47,300 $21,363 $25,937 
Carter’s Mexico customer relationships10 years3,145 2,362 783 3,324 2,023 1,301 
Total customer relationships, net$50,445 $26,902 $23,543 $50,624 $23,386 $27,238 
(1)A non-cash pre-tax impairment charge of $30.0 million on the OshKosh indefinite-lived tradename asset was recorded during fiscal 2024.
(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
2025$3,657 
2026$3,657 
2027$3,531 
2028$3,354 
2029$3,354