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REVENUE RECOGNITION (Tables) | 3 Months Ended
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Mar. 29, 2025
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 (“wholesale channel”). The Company also earns royalties from certain of its licensees. Disaggregated revenues from these sources for the fiscal periods presented were as follows:
|  | Fiscal quarter ended March 29, 2025
(dollars in thousands) |  | U.S. Retail |  | U.S. Wholesale |  | International |  | Total
Direct-to-consumer |  | $ | 294,432 |  |  | $ | — |  |  | $ | 53,823 |  |  | $ | 348,255 |
Wholesale channel |  | — |  |  | 250,096 |  |  | 31,476 |  |  | 281,572 |
|  | $ | 294,432 |  |  | $ | 250,096 |  |  | $ | 85,299 |  |  | $ | 629,827 |
Royalty income, net |  | $ | 1,518 |  |  | $ | 3,322 |  |  | $ | 492 |  |  | $ | 5,332 |
|  | Fiscal quarter ended March 30, 2024
(dollars in thousands) |  | U.S. Retail |  | U.S. Wholesale |  | International |  | Total
Direct-to-consumer |  | $ | 307,642 |  |  | $ | — |  |  | $ | 55,061 |  |  | $ | 362,703 |
Wholesale channel |  | — |  |  | 264,131 |  |  | 34,658 |  |  | 298,789 |
|  | $ | 307,642 |  |  | $ | 264,131 |  |  | $ | 89,719 |  |  | $ | 661,492 |
Royalty income, net |  | $ | 1,485 |  |  | $ | 3,359 |  |  | $ | 372 |  |  | $ | 5,216 |
Contract with Customer, Contract Asset, Contract Liability, and Receivable | The components of Accounts receivable, net, were as follows:
(dollars in thousands) |  | March 29, 2025 |  | December 28, 2024 |  | March 30, 2024
Trade receivables from wholesale customers, net |  | $ | 196,109 |  |  | $ | 187,715 |  |  | $ | 219,842 |
Royalties receivable, net |  | 4,830 |  |  | 3,728 |  |  | 5,366 |
Other receivables |  | 11,241 |  |  | 13,444 |  |  | 11,266 |
Total receivables |  | $ | 212,180 |  |  | $ | 204,887 |  |  | $ | 236,474 |
Less: Wholesale accounts receivable reserves(1)(2) |  | (8,307) |  |  | (10,053) |  |  | (12,399) |
Accounts receivable, net |  | $ | 203,873 |  |  | $ | 194,834 |  |  | $ | 224,075 |
(1)Includes allowance for chargebacks of $3.1 million, $4.4 million, and $7.2 million for the periods ended March 29, 2025, December 28, 2024, and March 30, 2024, respectively. (2)Includes allowance for credit losses of $5.2 million, $5.7 million, and $5.2 million for the periods ended March 29, 2025, December 28, 2024, and March 30, 2024, respectively. Total contract liabilities consisted of the following amounts:
(dollars in thousands) | March 29, 2025 |  | December 28, 2024 |  | March 30, 2024
Contract liabilities - current: |  |  |  |  |
Unredeemed gift cards(1) | $ | 24,275 |  |  | $ | 25,043 |  |  | $ | 24,405 |
Unredeemed customer loyalty rewards | 2,098 |  |  | 2,552 |  |  | 2,994 |
Carter’s credit card - upfront bonus(2) | 536 |  |  | 714 |  |  | 714 |
Total contract liabilities - current(3) | $ | 26,909 |  |  | $ | 28,309 |  |  | $ | 28,113 |
Contract liabilities - non-current(4) | $ | — |  |  | $ | — |  |  | $ | 536 |
Total contract liabilities | $ | 26,909 |  |  | $ | 28,309 |  |  | $ | 28,649 |
(1)During the first quarters of fiscal 2025 and fiscal 2024, the Company recognized revenue of $3.6 million and $3.7 million related to the gift card liability balance that existed at December 28, 2024 and December 30, 2023, 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.

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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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