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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 29, 2018	Oct. 19, 2018
Document Information [Abstract]
Entity Registrant Name	CARTERS INC
Entity Central Index Key	0001060822
Current Fiscal Year End Date	--12-29
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 29, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		45,848,908

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 29, 2018	Dec. 30, 2017	Sep. 30, 2017
Current assets:
Cash and cash equivalents	$ 123,898	$ 178,494	$ 105,370
Accounts receivable, net	293,489	240,561	285,651
Finished goods inventories	692,985	548,722	609,996
Prepaid expenses and other current assets	57,000	52,935	50,956
Total current assets	1,167,372	1,020,712	1,051,973
Property, plant, and equipment, net of accumulated depreciation of $450,460, $404,173, and $387,041, respectively	360,718	377,924	382,014
Tradenames, net	365,754	365,551	365,595
Goodwill	229,611	230,424	234,193
Customer relationships, net	45,525	47,996	46,622
Other assets	28,966	28,435	26,539
Total assets	2,197,946	2,071,042	2,106,936
Current liabilities:
Accounts payable	185,285	182,114	193,878
Other current liabilities	133,021	149,134	137,114
Total current liabilities	318,306	331,248	330,992
Long-term debt, net	798,020	617,306	687,074
Deferred income taxes	87,888	84,944	138,161
Other long-term liabilities	182,547	180,128	178,878
Total liabilities	1,386,761	1,213,626	1,335,105
Commitments and contingencies - Note 14
Stockholders' equity:
Preferred stock; par value $.01 per share; 100,000 shares authorized; none issued or outstanding at September 29, 2018, December 30, 2017, and September 30, 2017	0	0	0
Common stock, voting; par value $.01 per share; 150,000,000 shares authorized; 46,041,329, 47,178,346 and 47,419,316 shares issued and outstanding at September 29, 2018, December 30, 2017 and September 30, 2017, respectively	460	472	474
Accumulated other comprehensive loss	(32,318)	(29,093)	(26,496)
Retained earnings	843,043	886,037	797,853
Total stockholders' equity	811,185	857,416	771,831
Total liabilities and stockholders' equity	$ 2,197,946	$ 2,071,042	$ 2,106,936

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 29, 2018	Dec. 30, 2017	Sep. 30, 2017
Statement of Financial Position [Abstract]
Accumulated depreciation	$ 450,460	$ 404,173	$ 387,041
Preferred stock; par value (USD per share)	$ 0.01	$ 0.01	$ 0.01
Preferred stock; shares authorized	100,000	100,000	100,000
Preferred stock; issued	0	0	0
Preferred stock; outstanding	0	0	0
Common stock, voting; par value (USD per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, voting; shares authorized	150,000,000	150,000,000	150,000,000
Common stock voting; shares issued	46,041,329	47,178,346	47,419,316
Common stock voting; shares outstanding	46,041,329	47,178,346	47,419,316

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Income Statement [Abstract]
Net sales	$ 923,907	$ 948,046	$ 2,375,890	$ 2,372,624
Cost of goods sold	536,457	544,468	1,346,005	1,350,107
Gross profit	387,450	403,578	1,029,885	1,022,517
Royalty income, net	10,224	10,350	28,573	32,118
Selling, general, and administrative expenses	294,117	283,480	837,621	781,420
Operating income	103,557	130,448	220,837	273,215
Interest expense	9,868	8,061	25,790	22,359
Interest income	(84)	(41)	(474)	(259)
Other expense (income), net	(66)	(815)	528	(1,580)
Income before income taxes	93,839	123,243	194,993	252,695
Provision for income taxes	22,069	40,927	43,487	85,992
Net income	$ 71,770	$ 82,316	$ 151,506	$ 166,703
Basic net income per common share (USD per share)	$ 1.55	$ 1.73	$ 3.24	$ 3.46
Diluted net income per common share (USD per share)	1.53	1.71	3.20	3.42
Dividend declared per common share (USD per share)	$ 0.45	$ 0.37	$ 1.35	$ 1.11

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 71,770	$ 82,316	$ 151,506	$ 166,703
Other comprehensive income:
Foreign currency translation adjustments	3,213	4,157	(3,225)	8,244
Comprehensive income	$ 74,983	$ 86,473	$ 148,281	$ 174,947

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - 9 months ended Sep. 29, 2018 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Retained Earnings [Member]
Balance at Dec. 30, 2017	$ 857,416	$ 472	$ 0	$ (29,093)	$ 886,037
Balance (in shares) at Dec. 30, 2017	47,178,346	47,178,346
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options	$ 8,732	$ 2	8,730	0	0
Exercise of stock options (in shares)		160,363
Withholdings from vesting of restricted stock	(6,747)	$ (1)	(6,746)	0	0
Withholdings from vesting of restricted stock (in shares)		(56,668)
Restricted stock activity	0	$ 1	(1)	0	0
Restricted stock activity (in shares)		123,708
Stock-based compensation expense	12,110	$ 0	12,110	0	0
Repurchase of common stock	(145,493)	$ (14)	(14,093)	0	(131,386)
Repurchase of common stock (in shares)		(1,364,420)
Cash dividends declared and paid	(63,114)	$ 0	0	0	(63,114)
Comprehensive income	148,281	0	0	(3,225)	151,506
Balance at Sep. 29, 2018	$ 811,185	$ 460	$ 0	$ (32,318)	$ 843,043
Balance (in shares) at Sep. 29, 2018	46,041,329	46,041,329

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net income	$ 151,506	$ 166,703
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant, and equipment	63,441	60,455
Amortization of intangible assets	2,783	1,687
Adjustment to earn-out liability	0	(3,600)
Amortization of debt issuance costs	1,303	1,143
Stock-based compensation expense	12,110	13,451
Unrealized foreign currency exchange gain, net	(68)	(1,154)
Provisions for doubtful accounts receivable from customers	15,547	3,723
Loss on disposal of property, plant, and equipment, net of recoveries	516	602
Deferred income taxes	(3,173)	(1,059)
Effect of changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(68,333)	(66,021)
Finished goods inventories	(145,709)	(81,285)
Prepaid expenses and other assets	(5,312)	(18,018)
Accounts payable and other liabilities	(3,253)	40,879
Net cash provided by operating activities	21,358	117,506
Cash flows from investing activities:
Capital expenditures	(47,844)	(51,656)
Acquisitions of businesses, net of cash acquired		(159,365)
Acquisitions of businesses, net of cash acquired	96
Disposals and recoveries from property, plant, and equipment	376	0
Net cash used in investing activities	(47,372)	(211,021)
Cash flows from financing activities:
Payment of debt issuance costs	(890)	(2,138)
Borrowings under secured revolving credit facility	290,000	200,000
Payments on secured revolving credit facility	(110,000)	(93,965)
Repurchases of common stock	(145,493)	(150,974)
Dividends paid	(63,114)	(53,443)
Withholdings from vestings of restricted stock	(6,747)	(5,654)
Proceeds from exercises of stock options	8,732	5,140
Net cash used in financing activities	(27,512)	(101,034)
Effect of exchange rate changes on cash and cash equivalents	(1,070)	561
Net decrease in cash and cash equivalents	(54,596)	(193,988)
Cash and cash equivalents, beginning of period	178,494	299,358
Cash and cash equivalents, end of period	$ 123,898	$ 105,370

THE COMPANY	9 Months Ended
THE COMPANY	Sep. 29, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
THE COMPANY	THE COMPANY Carter's, Inc. and its wholly owned subsidiaries (collectively, the "Company," "its," "us" and "our") design, source, and market branded childrenswear and related products under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh B'gosh ("OshKosh"), Skip Hop and other brands. The Company's products are sourced through contractual arrangements with manufacturers worldwide for: 1) wholesale distribution to leading department stores, national chains, and specialty retailers domestically and internationally and 2) distribution to the Company's own retail stores and eCommerce sites that market its brand name merchandise and other licensed products manufactured by other companies. As of September 29, 2018, the Company operated 1,061 retail stores in the United States, Canada, and Mexico.

BASIS OF PRESENTATION

9 Months Ended

Sep. 29, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information and the rules and regulations of the Securities and Exchange Commission (the "SEC"). All intercompany transactions and balances have been eliminated in consolidation.

In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all normal and recurring adjustments necessary to state fairly the consolidated financial condition, results of operations, comprehensive income, statement of stockholders' equity, and cash flows of the Company for the interim periods presented. Except as otherwise disclosed, all such adjustments consist only of those of a normal recurring nature. Operating results for the fiscal quarter and three fiscal quarters ended September 29, 2018 are not necessarily indicative of the results that may be expected for the current fiscal year ending December 29, 2018.

The preparation of these unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates.

The accompanying condensed consolidated balance sheet as of December 30, 2017 was derived from the Company's audited consolidated financial statements included in its most recently filed Annual Report on Form 10-K. Certain information and footnote disclosure normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC and the instructions to Form 10-Q. As disclosed in Note 2, Basis of Presentation, and Note 3, Revenue Recognition, at the beginning of fiscal 2018 the Company adopted the Financial Accounting Standards Board's ("FASB") Accounting Standards Codification (“ASC”) No. 606, Revenue from Contracts with Customers, and related amendments (“ASC 606”) using the full retrospective adoption method. The full retrospective method required the Company to apply the standard to the financial statements for the period of adoption as well as to each prior reporting period presented.

Accounting Policies

The accounting policies the Company follows are set forth in its most recently filed Annual Report on Form 10-K. There have been no material changes to these accounting policies, except as noted below for new accounting pronouncements adopted at the beginning of fiscal 2018.

Revenue from Contracts with Customers (ASC No. 606)

At the beginning of fiscal 2018, the Company adopted the provisions of ASC No. 606, Revenue from Contracts with Customers, and all related amendments (“ASC 606”) using the full retrospective adoption method. Refer to Note 3, Revenue Recognition, for additional information.

The Company uses the five-step model to recognize revenue:


1)	Identify the contract with the customer;


2)	Identity the performance obligation(s);


3)	Determine the transaction price;


4)	Allocate the transaction price to each performance obligation if multiple obligations exist; and


5)	Recognize the revenue as the performance obligations are satisfied

Performance Obligations

The Company identifies each distinct performance obligation to transfer goods (or bundle of goods). The Company recognizes revenue when (or as) it satisfies a performance obligation by transferring control of the goods to the customer. Other than inbound and outbound freight and shipping arrangements, the Company does not use third parties to satisfy its performance obligations in revenue arrangements with customers.

When Performance Obligations Are Satisfied

Wholesale Revenues - The Company typically transfers control upon shipment. However, in certain arrangements where the Company retains the risk of loss during shipment, satisfaction of the performance obligation occurs when the goods reach the customer.

Retail Revenues - For transactions in stores, the Company satisfies its performance obligation at point of sale when the customer takes possession of the goods and tenders payment. The redemption of loyalty points under the Company's rewards program and redemptions of gift cards may be part of a transaction. For purchases made through the Company’s eCommerce channel, revenue is recognized when the goods are physically delivered to the customer.

The Company satisfies its performance obligations with licensees over time as customers have the right to use the intellectual property over the contract period.

Significant Payment Terms

Retail customers tender a form of payment, such as cash or a credit/debit card, at point of sale. For wholesale customers and licensees, payment is due based on established terms.

Returns and Refunds

The Company establishes return provisions for retail customers. It is the Company's policy not to accept returns from wholesale customers.

Significant Judgments

Sale of Goods - The Company relies on shipping terms to determine when performance obligations are satisfied. When goods are shipped to wholesale customers “FOB Shipping Point,” control of the goods is transferred to the customer at the time of shipment if there are no remaining performance obligations. The Company recognizes the revenue once control passes to the customer. For retail transactions, no significant judgments are involved since revenue is recognized at the point of sale when tender is exchanged and the customer receives the goods.

Royalty Revenues - The Company transfers the right-to-use benefit to the licensee for the contract term and therefore the Company satisfies its performance obligation over time. Revenue recognized for each reporting period is based on the greater of: 1) the royalties owed on actual net sales by the licensee and 2) a minimum royalty guarantee, if applicable.

Transaction Price - The transaction price is the amount of consideration the Company expects to receive under the arrangement. The Company is required to estimate variable consideration (if any) and to factor that estimation into the determination of the transaction price. The Company may offer sales incentives to wholesale and retail customers, including discounts. For retail transactions, the Company has significant experience with return patterns and relies on this experience to estimate expected returns when determining the transaction price.

Standalone Selling Prices - For arrangements that contain multiple performance obligations, the Company allocates the transaction price to each performance obligation on a relative standalone selling price basis.

Costs Incurred to Obtain a Contract - Incremental costs to obtain contracts are not material to the Company.

Policy Elections

In addition to those previously disclosed, the Company has made the following accounting policy elections and practical expedients:

Portfolio Approach - The Company uses the portfolio approach when multiple contracts or performance obligations are involved in the determination of revenue recognition.

Taxes - The Company excludes from the transaction price any taxes collected from customers that are remitted to taxing authorities.

Shipping and Handling Charges - Charges that are incurred before and after the customer obtains control of goods are deemed to be fulfillment costs.

Time Value of Money - The Company's payment terms are less than one year from the transfer of goods. Therefore, the Company does not adjust promised amounts of consideration for the effects of the time value of money.

Disclosure of Remaining Performance Obligations - The Company does not disclose the aggregate amount of the transaction price allocated to remaining performance obligations for contracts that are one year or less in term.

Classification of Costs Related to Defined Benefit Pension and Other Post-retirement Benefit Plans (ASU 2017-07)

At the beginning of fiscal 2018, the Company adopted ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost ("ASU 2017-07"). ASU 2017-07 changes how employers that sponsor defined benefit pension and/or other post-retirement benefit plans present the net periodic benefit costs in the statement of operations. Under this new guidance, an employer's statement of operations presents service cost arising in the current period in the same statement line item as other employee compensation. However, all other components of current period costs related to defined benefit plans, such as prior service costs and actuarial gains and losses, are presented on the statement of operations on a line item outside (or below) operating income. ASU 2017-07 affects only the classification of certain costs on the statement of operations, not the determination of costs. Net periodic pension costs related to the Company's frozen defined benefit pension plan and post-retirement medical benefit plan were not material for the third quarter of fiscal 2018, three fiscal quarters of 2018, or prior periods. Prior period results have not been reclassified on the Company's statement of operations due to materiality.

Modifications to Share-based Compensation Awards (ASU 2017-09)

At the beginning of fiscal 2018, the Company adopted ASU No. 2017-09, Compensation-Stock Compensation Topic 718-Scope of Modification Accounting ("ASU 2017-09"). ASU 2017-09 clarifies when changes to the terms and conditions of share-based payment awards must be accounted for as modifications. Entities apply the modification accounting guidance if the value, vesting conditions, or classification of an award changes. The Company has not modified any share-based payment awards. If the Company modifies share-based payment awards in the future, it will apply the provisions of ASU 2017-09.

Definition of a Business (ASU 2017-01)

At the beginning of fiscal 2018, the Company adopted ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business ("ASU 2017-01"). ASU 2017-01 assists entities in determining if acquired assets constitute the acquisition of a business or the acquisition of assets for accounting and reporting purposes. This distinction is important because goodwill can only be recognized in an acquisition of a business. Prior to ASU 2017-01, if revenues were generated immediately before and after a transaction, the acquisition was typically considered a business. Under ASU 2017-01, entities are required to further assess the substance of the processes they acquire. If the Company commences or completes an acquisition in future periods, it will apply the provisions of ASU 2017-01.

Statement of Cash Flows (ASU 2016-15)

At the beginning of fiscal 2018, the Company adopted ASU No. 2016-15, Statement of Cash Flows (Topic 230) ("ASU 2016-15"). ASU 2016-15 represents a consensus of the FASB’s Emerging Issues Task Force on eight separate issues that, if present, can impact classifications on the statement of cash flows. The guidance requires application using a retrospective transition method. The adoption of ASU 2016-15 only impacted the classification of certain insurance proceeds on the Company's consolidated statement of cash flows for the first three quarters of fiscal 2018.

REVENUE RECOGNITION

9 Months Ended

Sep. 29, 2018

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

The Company’s revenues are earned from contracts or arrangements with retail and wholesale customers and licensees. Contracts include written agreements, as well as arrangements that are implied by customary practices or law.

At the beginning of fiscal 2018, the Company adopted the provisions of ASC 606 using the full retrospective adoption method. Under the full retrospective method, the Company adjusted all periods in fiscal 2017 and fiscal 2016 to reflect the provisions of ASC 606, and retained earnings at January 2, 2016 (beginning of fiscal 2016) were adjusted for the cumulative effect for prior periods. Refer to the section "Revenue from Contracts with Customers (ASC No. 606)" in Note 2, Basis of Presentation, for changes to the Company's accounting policies due to the adoption of ASC 606.

ASC 606 affected the Company's retail channels as follows:


•	Accelerated the recognition of breakage revenue from unredeemed gift cards, which affected net sales, gross profit, income before income taxes, and net income on the Company's statements of operations. Basic and diluted net income per share were affected by $0.01 or less for each reporting period. Related gift card liabilities and income tax liabilities were also affected.


•	A portion of the estimated value of goods expected to be returned by customers was reclassified between net sales and cost of goods sold, with no net effect on gross profit, income before income taxes, or net income on the Company's statement of operations. Related reclassifications were also made between other current assets and other current liabilities on the Company's balance sheets.

The effects of retrospective adoption on the Company's consolidated Statements of Operations were as follows:



	Third Quarter			Three Fiscal Quarters			Year		Year
(dollars in thousands, except per share data)	Fiscal 2017			Fiscal 2017			Fiscal 2017		Fiscal 2016
Net sales	$	(186	)	$	(480	)	$	92	$	(637	)
Cost of goods sold	$	84		$	110		$	52	$	(7	)
Income before income taxes	$	(270	)	$	(590	)	$	40	$	(630	)
Net income	$	(170	)	$	(371	)	$	84	$	(397	)

Basic net income per common share	$	—		$	(0.01	)	$	—	$	(0.01	)
Diluted net income per common share	$	—		$	(0.01	)	$	—	$	—

The cumulative effect to the Company’s retained earnings at January 2, 2016 was an after-tax increase of approximately $0.6 million.

The effects of adoption of ASC 606 on the Company’s consolidated balance sheet at December 30, 2017 were as follows:



(dollars in thousands)	As Previously Reported		ASC 606 Adjustments			As Amended for ASC 606
ASSETS
Prepaid expenses and other current assets	$	49,892	$	3,043	⁽¹⁾	$	52,935
Total current assets	$	1,017,669	$	3,043		$	1,020,712
Total assets	$	2,067,999	$	3,043		$	2,071,042

LIABILITIES AND STOCKHOLDERS' EQUITY
Other current liabilities	$	146,510	$	2,624	⁽²⁾	$	149,134
Total current liabilities	$	328,624	$	2,624		$	331,248
Deferred income taxes	$	84,848	$	96		$	84,944
Total liabilities	$	1,210,906	$	2,720		$	1,213,626

Retained earnings	885,714		323		⁽³⁾	886,037
Total stockholder's equity	$	857,093	$	323		$	857,416

Total liabilities and stockholders' equity	$	2,067,999	$	3,043		$	2,071,042

(1)

Reclassification of estimated inventory expected to be returned by customers through future sales refund transactions. This amount was reclassified from the returns reserve (current liability) to a current asset. Prior to the Company's adoption of ASC 606, the Company's returns reserve (current liability) was reported net of the estimated inventory expected to be returned by customers through sales refund transactions.


(2)	Amount includes a reclassification of approximately $3.0 million for estimated inventory expected to be returned by customers, partially offset by a reclassification of approximately $0.4 million for gift card liabilities.


(3)	Cumulative impact of approximately $0.6 million for after-tax adjustments to retained earnings at the beginning of fiscal 2016, offset by ASC 606 effects on fiscal 2017 and fiscal 2016 results of operations.

The retrospective adoption of ASC 606 at the beginning of fiscal 2018 also had the following effects on the Company’s unaudited condensed consolidated balance sheet at September 30, 2017:



(dollars in thousands)	As Previously Reported		ASC 606 Adjustments				As Amended for ASC 606
ASSETS
Prepaid expenses and other current assets	$	48,083	$	2,873		⁽¹⁾	$	50,956
Total current assets	$	1,049,100	$	2,873			$	1,051,973
Total assets	$	2,104,063	$	2,873			$	2,106,936

LIABILITIES AND STOCKHOLDERS' EQUITY
Other current liabilities	$	134,031	$	3,083		⁽²⁾	$	137,114
Total current liabilities	$	327,909	$	3,083			$	330,992
Deferred income taxes	$	138,239	$	(78	)		138,161
Total liabilities	$	1,332,100	$	3,005			$	1,335,105

Retained earnings	$	797,985	$	(132	)	⁽³⁾	$	797,853
Total stockholder's equity	$	771,963	$	(132	)		$	771,831

Total liabilities and stockholders' equity	$	2,104,063	$	2,873			$	2,106,936

(1)


(2)	Amount includes a reclassification of approximately $2.9 million for estimated inventory expected to be returned by customers and an adjustment of approximately $0.2 million for gift card liabilities.


(3)	Cumulative impact of approximately $0.6 million for after-tax adjustments to retained earnings at the beginning of fiscal 2016, offset by ASC 606 impact on fiscal 2017 and fiscal 2016 results of operations.

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 its licensees. Disaggregated revenues from these sources for the third quarter and three quarters ended fiscal 2018 and 2017 were as follows:



	Fiscal quarter ended September 29, 2018
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Wholesale channel	$	—	$	338,963	$	54,373	$	393,336
Direct-to-consumer	459,101		—		71,470		530,571
	$	459,101	$	338,963	$	125,843	$	923,907

Royalty income	$	3,614	$	5,891	$	719	$	10,224



	Three fiscal quarters ended September 29, 2018
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Wholesale channel	$	—	$	829,272	$	117,255	$	946,527
Direct-to-consumer	1,244,863		—		184,500		1,429,363
	$	1,244,863	$	829,272	$	301,755	$	2,375,890

Royalty income	$	9,625	$	16,693	$	2,255	$	28,573



	Fiscal quarter ended September 30, 2017
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Wholesale channel	$	—	$	369,577	$	55,524	$	425,101
Direct-to-consumer	453,843		—		69,102		522,945
	$	453,843	$	369,577	$	124,626	$	948,046

Royalty income	$	3,038	$	6,648	$	664	$	10,350



	Three fiscal quarters ended September 30, 2017
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Wholesale channel	$	—	$	879,842	$	112,827	$	992,669
Direct-to-consumer	1,209,143		—		170,812		1,379,955
	$	1,209,143	$	879,842	$	283,639	$	2,372,624

Royalty income	$	11,201	$	18,153	$	2,764	$	32,118

Accounts Receivable from Customers and Licensees

The components of Accounts receivable, net, were as follows:



(dollars in thousands)	September 29, 2018			December 30, 2017			September 30, 2017
Trade receivables from wholesale customers, net	$	281,190		$	229,968		$	274,238
Royalties receivable	9,667			9,818			9,331
Tenant allowances and other receivables	14,165			14,511			13,863
Total gross receivables	$	305,022		$	254,297		$	297,432
Less:
Wholesale accounts receivable reserves	(11,533		)	(13,736		)	(11,781		)
Accounts receivable, net	$	293,489		$	240,561		$	285,651

Contract Assets and Liabilities

The Company's contract assets are not material.

Contract Liabilities

The Company recognizes a contract liability when it has received consideration from the customer and has a future obligation to transfer goods to the customer. Total contract liabilities consisted of the following amounts:



(dollars in thousands)	September 29, 2018		December 30, 2017		September 30, 2017
Contract liabilities-current:
Unredeemed gift cards	$	11,304	$	11,945	$	10,236
Unredeemed customer loyalty rewards	8,441		7,355		8,485
Total contract liabilities-current^(*)	$	19,745	$	19,300	$	18,721


*	Included with Other current liabilities on the Company's consolidated balance sheet.

Composition of Contract Liabilities

Unredeemed gift cards - the Company is obligated to transfer goods in the future to customers who have purchased gift cards. Periodic changes in the gift card contract liability result from the redemption of gift cards by customers and the recognition of estimated breakage revenue for those gift card balances that are not expected to be redeemed. The majority of our gift cards do not have an expiration date; however, all outstanding gift card balances are classified by the Company as current liabilities since gift cards are redeemable on demand by the valid holder. The majority of the Company's gift cards are redeemed within one year of issuance.

Unredeemed loyalty rewards - points and reward certificates earned by customers under the Company’s loyalty programs represent obligations of the Company to transfer goods to the customer upon redemption. Periodic changes in the loyalty program contract liability result from reward certificate redemptions and expirations. The earning and redemption cycles for our loyalty program are under one year in duration.

BUSINESS ACQUISITIONS IN FISCAL 2017	9 Months Ended
BUSINESS ACQUISITIONS IN FISCAL 2017	Sep. 29, 2018
Business Combinations [Abstract]
BUSINESS ACQUISITIONS IN FISCAL 2017	BUSINESS ACQUISITIONS IN FISCAL 2017 Based on their purchase prices and pre-acquisition operating results and assets, neither of the businesses acquired by the Company in fiscal 2017 met the materiality requirements for preparation and presentation of pro forma financial information, either individually or in the aggregate. Skip Hop Acquisition Carter's, Inc.'s wholly-owned subsidiary, The William Carter Company ("TWCC"), acquired 100% of the voting equity interests of Skip Hop Holdings, Inc. and subsidiaries (collectively "Skip Hop") after the close of business on February 22, 2017. The Skip Hop purchase was deemed to be the acquisition of a business under the provisions of ASC No. 805, Business Combinations ("ASC 805"). The Company's consolidated financial statements reflect the consolidation of the financial position, results of operations and cash flows of Skip Hop beginning February 23, 2017. In the Company's unaudited condensed consolidated balance sheet at July 1, 2017, the preliminary purchase price of approximately $147.3 million, net of $0.8 million cash acquired, was comprised of the following acquired assets and assumed liabilities: $54.2 million of goodwill including an assembled workforce; $92.7 million of intangible assets comprised of a tradename and acquired customer relationships; $54.9 million of tangible assets acquired; and $20.2 million of liabilities in addition to $35.9 million of deferred income tax liabilities. The measurement period (as defined in ASC 805) for Skip Hop was complete at the end of fiscal 2017 and all measurement period adjustments were reflected in the Company's consolidated balance sheet as of December 30, 2017. As a result of the measurement period adjustments recorded between the acquisition date and the end of fiscal 2017, the net assets acquired consisted of the following: $46.0 million of goodwill including an assembled workforce; $104.1 million of intangible assets comprised of a tradename and acquired customer relationships; $53.9 million of tangible assets acquired; and $20.8 million of liabilities in addition to $36.3 million of deferred income tax liabilities. The adjusted purchase price was approximately $142.5 million, net of $0.8 million of cash acquired. Acquisition of Mexican Licensee On August 1, 2017, the Company, through certain of its wholly-owned subsidiaries, acquired the outstanding equity of the Company's licensee in Mexico and a related entity (collectively "Carter's Mexico"). Both entities are incorporated under Mexican law. Prior to the acquisition, Carter's Mexico was primarily a licensee and wholesale customer of the Company. The Carter's Mexico purchase was deemed to be the acquisition of a business under the provisions of ASC 805. The Company's consolidated financial statements reflect the consolidation of the financial position, results of operations and cash flows of Carter's Mexico beginning August 1, 2017. Carter's Mexico became part of the Company's International reportable segment. As of December 30, 2017, preliminary values assigned to assets acquired included inventories of approximately $8.3 million, a customer relationships intangible asset of approximately $3.5 million, and goodwill of approximately $6.2 million. Measurement period adjustments made in the first quarter of fiscal 2018 were not material. The measurement period (as defined in ASC 805) for the acquisition of Carter's Mexico was completed during the second quarter of fiscal 2018 and all measurement period adjustments were reflected in the Company's consolidated balance sheet as of September 29, 2018. As a result of the measurement period adjustments recorded between the acquisition date and the end of the second quarter of fiscal 2018, the values assigned to assets acquired included inventories of approximately $8.0 million, a customer relationships intangible asset of approximately $3.5 million, and goodwill of approximately $6.3 million.

ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 29, 2018

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of accumulated other comprehensive loss consisted of the following:



(dollars in thousands)	September 29, 2018			December 30, 2017			September 30, 2017
Cumulative foreign currency translation adjustments	$	(24,510	)	$	(21,285	)	$	(19,380	)
Pension and post-retirement obligations^(*)	(7,808		)	(7,808		)	(7,116		)
Total accumulated other comprehensive loss	$	(32,318	)	$	(29,093	)	$	(26,496	)


(*)	Net of income taxes of $4.4 million, $4.4 million, and $4.2 million, respectively. The deferred income taxes associated with these obligations are subject to adjustments upon the Company's adoption of ASC 2018-02. See Note 16, Pending Adoption of Recent Accounting Pronouncements.

During the first three quarters of both fiscal 2018 and fiscal 2017, no amounts were reclassified from accumulated other comprehensive loss to the statement of operations.

GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 29, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

The Company's goodwill and intangible assets were as follows:



		September 29, 2018						December 30, 2017
(dollars in thousands)	Weighted-average useful life	Gross amount		Accumulated amortization		Net amount		Gross amount		Accumulated amortization		Net amount
Carter's goodwill	Indefinite	$	136,570			$	136,570	$	136,570			$	136,570
Canada goodwill	Indefinite	41,074				41,074		42,223				42,223
Skip Hop goodwill	Indefinite	45,976				45,976		45,997				45,997
Carter's Mexico goodwill	Indefinite	5,991				5,991		5,634				5,634
Total goodwill		$	229,611			$	229,611	$	230,424			$	230,424

Carter's tradename	Indefinite	$	220,233			$	220,233	$	220,233			$	220,233
OshKosh tradename	Indefinite	85,500				85,500		85,500				85,500
Skip Hop tradename	Indefinite	56,800				56,800		56,800				56,800
Finite-life tradenames	5-20 years	3,911		$	690	3,221		3,550		$	532	3,018
Total tradenames, net		$	366,444	$	690	$	365,754	$	366,083	$	532	$	365,551

Skip Hop customer relationships	15 years	$	47,300	$	4,686	$	42,614	$	47,300	$	2,304	$	44,996
Carter's Mexico customer relationships	10 years	3,289		378		2,911		3,135		135		3,000
Total customer relationships, net		$	50,589	$	5,064	$	45,525	$	50,435	$	2,439	$	47,996



		September 30, 2017
(dollars in thousands)	Weighted-average useful life	Gross amount		Accumulated amortization		Net amount
Carter's goodwill	Indefinite	$	136,570			$	136,570
Canada goodwill	Indefinite	42,514				42,514
Skip Hop goodwill	Indefinite	49,190				49,190
Carter's Mexico goodwill	Indefinite	5,919				5,919
Total goodwill		$	234,193			$	234,193

Carter's tradename	Indefinite	$	220,233			$	220,233
OshKosh tradename	Indefinite	85,500				85,500
Skip Hop tradename	Indefinite	56,800				56,800
Finite-life tradenames	5-20 years	42,040		$	38,978	3,062
Total tradenames, net		$	404,573	$	38,978	$	365,595

Skip Hop customer relationships, net	15 years	$	44,800	$	1,554	$	43,246
Carter's Mexico customer relationships	10 years	3,376		—		3,376
Total customer relationships, net		$	48,176	$	1,554	$	46,622

Amortization expense for intangible assets subject to amortization was approximately $0.9 million and $0.8 million for the third fiscal quarter ended September 29, 2018 and third fiscal quarter ended September 30, 2017, respectively. For the first three quarters of fiscal 2018 and fiscal 2017, amortization expense was approximately $2.8 million and $1.7 million, respectively.

The estimated amortization expense for the next five fiscal years is as follows:



(dollars in thousands)	Amortization
2019	$	3,751
2020	$	3,751
2021	$	3,751
2022	$	3,751
2023	$	3,708

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

COMMON STOCK

9 Months Ended

Sep. 29, 2018

Stockholders' Equity Note [Abstract]

COMMON STOCK

Open Market Share Repurchases

The total aggregate remaining capacity under outstanding repurchase authorizations as of September 29, 2018 was approximately $440.1 million, based on settled repurchase transactions. The authorizations have no expiration date.

The Company repurchased and retired shares in open market transactions in the following amounts for the fiscal periods indicated:



	Fiscal quarter ended				Three fiscal quarters ended
	September 29, 2018		September 30, 2017		September 29, 2018		September 30, 2017
Number of shares repurchased	543,793		596,178		1,364,420		1,727,587
Aggregate cost of shares repurchased (dollars in thousands)	$	56,401	$	52,742	$	145,493	$	150,974
Average price per share	$	103.72	$	88.47	$	106.63	$	87.39

Future repurchases may occur from time to time in the open market, in privately negotiated transactions, or otherwise. The timing and amount of any repurchases will be determined by the Company's management, based on its evaluation of market conditions, share price, other investment priorities, and other factors.

Dividends

In the third fiscal quarter and three fiscal quarters ended September 29, 2018, the Company declared and paid cash dividends per share of $0.45 and $1.35, respectively. In the third fiscal quarter and three fiscal quarters ended September 30, 2017, the Company declared and paid cash dividends per share of $0.37 and $1.11, respectively. Future declarations of dividends and the establishment of future record and payment dates are at the discretion of the Company's Board of Directors and are based on a number of factors, including the Company's future financial performance and other investment priorities.

Provisions in the indenture governing the senior notes of TWCC and in TWCC's secured revolving credit facility could have the effect of restricting the Company's ability to pay future cash dividends on, or make future repurchases of, its common stock. Provisions related to the indenture governing the senior notes are described in the Company's Annual Report on Form 10-K for the 2017 fiscal year ended December 30, 2017.

LONG-TERM DEBT

9 Months Ended

Sep. 29, 2018

Debt Disclosure [Abstract]

LONG-TERM DEBT

Long-term debt consisted of the following:



(dollars in thousands)	September 29, 2018			December 30, 2017			September 30, 2017
Senior notes at amounts repayable	$	400,000		$	400,000		$	400,000
Less unamortized issuance-related costs for senior notes	(2,980		)	(3,694		)	(3,926		)
Senior notes, net	397,020			396,306			396,074
Secured revolving credit facility	401,000			221,000			291,000
Total long-term debt, net	$	798,020		$	617,306		$	687,074

Secured Revolving Credit Facility

On September 21, 2018, TWCC and a syndicate of lenders entered into Amendment No. 1 to its fourth amended and restated credit agreement that, among other things, extended the term of the facility from August 25, 2022 to September 21, 2023.

As amended, the secured revolving credit facility provides: (i) a maturity date for the maturity of September 21, 2023 and (ii) an aggregate credit line of $750 million which includes a $650 million U.S. dollar facility and a $100 million multicurrency facility denominated in U.S. dollars, Canadian dollars, Euros, Pounds Sterling, or other currencies agreed to by the applicable lenders. The $650 million U.S. dollar facility is inclusive of a $100 million sub-limit for letters of credit and a swing line sub-limit of $70 million. The $100 million multicurrency facility is inclusive of a $40 million sub-limit for letters of credit and a swing line sub-limit of $15 million.

In addition, the secured revolving credit facility includes additional potential borrowing facilities up to $425 million, which is comprised of a $350 million U.S. dollar revolving credit facility and a $75 million multicurrency revolving credit facility. The U.S. dollar revolving credit facility can also potentially increase to an unlimited borrowing amount so long as the consolidated first lien leverage ratio (as defined in the secured revolving credit facility) does not exceed 2.25:1.00.

Under the secured revolving credit facility, TWCC and its domestic subsidiaries have granted to the collateral agent, for the benefit of the lenders, valid and perfected first priority security interests in substantially all of their present and future assets, excluding certain customary exceptions, and guarantee the obligations of the borrowers. In addition, The Genuine Canadian Corp., as Canadian borrower, and Carter’s Holdings B.V., as Dutch borrower, have each guaranteed the obligations of the other.

As of September 29, 2018, the Company had $401.0 million in outstanding borrowings under its secured revolving credit facility, exclusive of $4.5 million of outstanding letters of credit. As of September 29, 2018, approximately $344.5 million remained available for future borrowing. All outstanding borrowings under the Company's secured revolving credit facility are classified as non-current liabilities on the Company's consolidated balance sheet because of the contractual repayment terms under the credit facility.

As of September 29, 2018, the interest rate applicable to the secured revolving credit facility were 1.375% for LIBOR (London Interbank Offered Rate) rate loans (which may be adjusted based on a leverage-based pricing grid ranging from 1.125% to 1.875%) and 0.375% for base rate loans (which may be adjusted based on a leverage-based pricing grid ranging from 0.125% to 0.875%).

As of September 29, 2018, U.S. dollar borrowings outstanding under the secured revolving credit facility accrued interest at a LIBOR rate plus the applicable base rate, which resulted in a weighted-average borrowing rate of 3.58%. All outstanding Canadian dollar borrowings were repaid during the first quarter of fiscal 2017.

As of September 29, 2018, the Company was in compliance with the financial and other covenants under the secured revolving credit facility.

Senior Notes

As of September 29, 2018, TWCC had outstanding $400 million principal amount of senior notes bearing interest at a fixed rate of 5.25% per annum and maturing on August 15, 2021. The senior notes are unsecured and are fully and unconditionally guaranteed by Carter's, Inc. and certain subsidiaries of TWCC. On the Company's consolidated balance sheet, the senior notes are reported net of certain unamortized issuance-related costs, as shown in the table above.

STOCK-BASED COMPENSATION

9 Months Ended

Sep. 29, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK-BASED COMPENSATION

The Company recorded stock-based compensation expense as follows:



	Fiscal quarter ended					Three fiscal quarters ended
(dollars in thousands)	September 29, 2018			September 30, 2017		September 29, 2018		September 30, 2017
Stock options	$	1,148		$	983	$	3,604	$	3,182
Restricted stock:
Time-based awards	1,881			1,706		5,989		5,668
Performance-based awards	(1,185		)	1,116		1,314		3,419
Stock awards	—			—		1,203		1,182
Total	$	1,844		$	3,805	$	12,110	$	13,451

The Company recognizes compensation cost ratably over the applicable performance periods based on the estimated probability of achievement of its performance targets at the end of each period. During the third fiscal quarter of 2018, the achievement of performance target estimates related to certain performance-based grants were revised resulting in a $2.5 million reduction to stock compensation expense.

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 29, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES As of September 29, 2018, the Company had gross unrecognized income tax benefits of approximately $15.3 million, of which $12.9 million, if ultimately recognized, may affect the Company's effective income tax rate in the periods settled. The Company has recorded tax positions for which the ultimate deductibility is more likely than not, but for which there is uncertainty about the timing of such deductions. Included in the reserves for unrecognized tax benefits at September 29, 2018 were approximately $2.0 million of reserves for which the statute of limitations is expected to expire within the next fiscal year. If these tax benefits are ultimately recognized, such recognition, net of federal income taxes, may affect the annual effective income tax rate for fiscal 2018 or fiscal 2019 along with the effective income tax rate in the quarter in which the benefits are recognized. The Company recognizes interest related to unrecognized tax benefits as a component of interest expense and recognizes penalties related to unrecognized income tax benefits as a component of income tax expense. During the fiscal quarter ended September 29, 2018, interest expense recorded on uncertain tax positions was approximately $0.6 million, while the interest expense recorded for the fiscal quarter ended September 30, 2017 was not material. The Company had approximately $1.9 million, $1.0 million, and $1.1 million of interest accrued on uncertain tax positions as of September 29, 2018, December 30, 2017, and September 30, 2017, respectively. For the full fiscal year 2018, the Company estimates that its consolidated effective income tax rate will be approximately 22.0%. U.S. Tax Reform The provision for income taxes recognized by the Company during the fiscal fourth quarter of 2017 reflected certain provisional estimates for the accounting of the December 22, 2017 enactment of income tax law changes commonly known as the U.S. Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act"). The provisional accounting for the 2017 Tax Act is permitted by SEC Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act, issued in late December 2017. Subsequent adjustments, if any, to the provisional accounting estimates must be reflected in income tax provisions/benefits during one or more periods in fiscal 2018. During the fourth quarter of fiscal 2017, the Company recorded a provisional tax expense estimate for the one-time transition tax liability for all of its foreign subsidiaries, resulting in an increase in income tax expense of approximately $10.4 million related to foreign earnings. The one-time transition tax is based on the Company's total post-1986 earnings and profits ("E&P") that the Company previously deferred from United States income taxes. During the third quarter of fiscal 2018, the Company completed its calculation of the one-time transition tax for all of its foreign subsidiaries. The adjustments made to this provisional tax expense estimate during the first three quarters of fiscal 2018 were not material. No additional income taxes have been provided for any remaining undistributed foreign earnings not subject to the transition tax, or any additional outside basis difference inherent in these entities, as these amounts continue to be indefinitely reinvested in foreign operations. Determining the amount of unrecognized deferred tax liability related to any remaining undistributed foreign earnings not subject to the transition tax and additional outside basis difference in these entities (i.e., basis difference in excess of that subject to the one-time transition tax) is not practicable, but the related cumulative temporary difference as of December 30, 2017 and September 29, 2018 would not result in a material incremental deferred tax liability.

FAIR VALUE MEASUREMENTS

9 Months Ended

Sep. 29, 2018

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

The following table summarizes assets and liabilities that are remeasured at fair value each reporting period:



	September 29, 2018				December 30, 2017				September 30, 2017
(dollars in millions)	Level 1		Level 2	Level 3	Level 1		Level 2	Level 3	Level 1		Level 2		Level 3
Assets
Investments⁽¹⁾	$	17.6	—	—	$	16.7	—	—	$	15.7	—		—

Liabilities
Foreign exchange forward contracts⁽²⁾	—		—	—	—		—	—	—		$	0.2	—


(1)	Included in Other assets on the Company's consolidated balance sheet.


(2)	Included in Other current liabilities on the Company's consolidated balance sheet.

Investments

The Company invests in marketable securities, principally equity-based mutual funds, to mitigate the risk associated with the investment return on employee deferrals of compensation. Gains on the investments in marketable securities were $0.7 million and $0.9 million for the third fiscal quarter and the three fiscal quarters ended September 29, 2018, respectively, and were $0.4 million and $1.6 million for the third fiscal quarter and three fiscal quarters ended September 30, 2017, respectively. These amounts are included in Other expense (income), net on the Company's consolidated statement of operations.

Contingent Consideration

The estimated fair value of contingent consideration related to the Skip Hop acquisition was based on a weighted payout probability at the measurement date. Facts and circumstances that occurred subsequent to the acquisition indicated that the contingent earn out arrangement would not be achieved, and therefore approximately $3.6 million was credited to the Company's earnings during the third fiscal quarter ended September 30, 2017.

Borrowings

As of September 29, 2018, the fair value of the Company's $401.0 million in outstanding borrowings under its secured revolving credit facility approximated the carrying value.

The fair value of the Company's senior notes at September 29, 2018 was approximately $406 million. The fair value of these senior notes with a notional value and carrying value (gross of debt cost) of $400 million was estimated using a quoted price as provided in the secondary market, which considers the Company's credit risk and market related conditions, and is therefore within Level 2 of the fair value hierarchy.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

EARNINGS PER SHARE

9 Months Ended

Sep. 29, 2018

Earnings Per Share [Abstract]

EARNINGS PER SHARE

The following is a reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding:



	Fiscal quarter ended						Three fiscal quarters ended
	September 29, 2018			September 30, 2017			September 29, 2018			September 30, 2017
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding	45,990,039			47,303,074			46,399,746			47,829,794
Dilutive effect of equity awards	490,283			541,325			538,422			549,213
Diluted number of common and common equivalent shares outstanding	46,480,322			47,844,399			46,938,168			48,379,007

Basic net income per common share (in thousands, except per share data):
Net income	$	71,770		$	82,316		$	151,506		$	166,703
Income allocated to participating securities	(540		)	(651		)	(1,142		)	(1,311		)
Net income available to common shareholders	$	71,230		$	81,665		$	150,364		$	165,392

Basic net income per common share	$	1.55		$	1.73		$	3.24		$	3.46

Diluted net income per common share (in thousands, except per share data):
Net income	$	71,770		$	82,316		$	151,506		$	166,703
Income allocated to participating securities	(536		)	(645		)	(1,134		)	(1,301		)
Net income available to common shareholders	$	71,234		$	81,671		$	150,372		$	165,402

Diluted net income per common share	$	1.53		$	1.71		$	3.20		$	3.42

Anti-dilutive awards excluded from diluted earnings per share computation	326,129			662,130			266,646			618,826

OTHER CURRENT AND LONG-TERM LIABILITIES

9 Months Ended

Sep. 29, 2018

Other Liabilities Disclosure [Abstract]

OTHER CURRENT AND LONG-TERM LIABILITIES

Other current liabilities that exceeded five percent of total current liabilities, at the end of any comparable period, were as follows:



(dollars in thousands)	September 29, 2018		December 30, 2017		September 30, 2017
Accrued bonuses and incentive compensation	$	6,286	$	27,566	$	9,328
Income taxes payable	21,124		16,252		28,393
Accrued employee benefits	13,987		21,735		12,503
Accrued and deferred rent	19,137		18,213		18,160

Other long-term liabilities that exceeded five percent of total liabilities, at the end of any comparable period, were as follows:



(dollars in thousands)	September 29, 2018		December 30, 2017		September 30, 2017
Deferred lease incentives	$	75,331	$	75,104	$	76,599

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 29, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company is subject to various claims and pending or threatened lawsuits in the normal course of business. The Company is not currently a party to any legal proceedings that it believes would have a material adverse impact on its financial position, results of operations, or cash flows.

SEGMENT INFORMATION

9 Months Ended

Sep. 29, 2018

Segment Reporting [Abstract]

SEGMENT INFORMATION

The table below presents certain information for our reportable segments and unallocated corporate expenses for the periods indicated.



	Fiscal quarter ended										Three fiscal quarters ended
(dollars in thousands)	September 29, 2018			% of Total Net Sales		September 30, 2017			% of Total Net Sales		September 29, 2018			% of Total Net Sales		September 30, 2017			% of Total Net Sales
Net sales:
U.S. Retail	$	459,101		49.7	%	$	453,843		47.9	%	$	1,244,863		52.4	%	$	1,209,143		50.9	%
U.S. Wholesale	338,963			36.7	%	369,577			39.0	%	829,272			34.9	%	879,842			37.1	%
International	125,843			13.6	%	124,626			13.1	%	301,755			12.7	%	283,639			12.0	%
Total net sales	$	923,907		100.0	%	$	948,046		100.0	%	$	2,375,890		100.0	%	$	2,372,624		100.0	%

Operating income (loss):				% of Segment Net Sales					% of Segment Net Sales					% of Segment Net Sales					% of Segment Net Sales
U.S. Retail⁽¹⁾⁽⁵⁾	$	47,139		10.3	%	$	55,519		12.2	%	$	122,086		9.8	%	$	127,441		10.5	%
U.S. Wholesale⁽²⁾⁽⁵⁾	67,785			20.0	%	78,572			21.3	%	148,395			17.9	%	184,073			20.9	%
International⁽⁵⁾⁽⁶⁾	12,434			9.9	%	16,726			13.4	%	20,508			6.8	%	28,008			9.9	%
Corporate expenses⁽³⁾⁽⁴⁾	(23,801		)			(20,369		)			(70,152		)			(66,307		)
Total operating income	$	103,557		11.2	%	$	130,448		13.8	%	$	220,837		9.3	%	$	273,215		11.5	%


(1)	Includes insurance recoveries of approximately $0.4 million associated with storm-related store closures in 2017 for the three fiscal quarters ended September 29, 2018.


(2)	Includes approximately $12.8 million of charges related to a customer bankruptcy for the three fiscal quarters ended September 29, 2018.


(3)	Corporate expenses include expenses related to incentive compensation, stock-based compensation, executive management, severance and relocation, finance, office occupancy, information technology, certain legal fees, consulting fees, and audit fees.


(4)	Includes the following charges:



	Fiscal quarter ended					Three fiscal quarters ended
(dollars in millions)	September 29, 2018		September 30, 2017			September 29, 2018		September 30, 2017
Acquisition contingency fair value adjustment	$	—	$	(3.6	)	$	—	$	(3.6	)
Direct sourcing initiative	$	—	$	0.1		$	—	$	0.3
Acquisition-related costs	$	—	$	0.8		$	—	$	3.3


(5)	Includes $0.4 million and $0.8 million of certain costs related to inventory acquired from Skip Hop in operating income between U.S. Wholesale, U.S. Retail, and International for the fiscal quarter and three fiscal quarters ended September 30, 2017, respectively.


(6)	Fiscal quarter and three fiscal quarters ended September 29, 2018 include approximately $3.5 million in costs associated with changes to the Company's business model in China, which includes inventory and severance charges.

PENDING ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
PENDING ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS	Sep. 29, 2018
Accounting Policies [Abstract]
PENDING ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS	PENDING ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS Leases (ASU 2016-02) In February 2016, the FASB issued new lease accounting guidance in ASU No. 2016-02, Leases-Topic 842, which has been codified in ASC 842, Leases ("ASC 842"). Under this new guidance, lessees will be required to recognize for all leases (with the exception of short-term leases): 1) a lease liability equal to the lessee's obligation to make lease payments arising from a lease, measured on a discounted basis and 2) a right-of-use asset which will represent the lessee's right to use, or control the use of, a specified asset for the lease term. The new standard will be effective for the Company at the beginning of fiscal 2019, including interim periods within the year of adoption. The Company is assessing the implications of applying the practical expedients and accounting policy elections, implementing software to meet the reporting requirements of the new standard, and identifying changes to its business processes and controls to support the adoption of the new standard. The Company believes the adoption will have a material impact on the total assets and total liabilities reported on the Company's consolidated balance sheets, but is not able to quantify the effect on the consolidated balance sheets at this time. However, the Company does not believe adoption of this standard will have a material impact on the Company's consolidated results of operations or cash flows. Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018-02) In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ("ASU 2018-02"). ASU 2018-02 permits a company to reclassify the income tax effects of the U.S. Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act") on items within accumulated other comprehensive income or loss ("AOCI-L") to retained earnings. Because most items that are charged to AOCI-L are recorded net of applicable income taxes, the subsequent reclassification of these items from AOCI-L to the statement of operations will be at different income tax rates due to the 2017 Tax Act, thereby leaving a "stranded" tax balance within AOCI-L. ASU 2018-02 will allow a company to transfer these "stranded" amounts from AOCI-L to retained earnings. ASU 2018-02 will be effective for the Company at the beginning of fiscal 2019, with early adoption permitted. The Company has amounts in its AOCI-L for defined benefit retirement plans that were recorded net of applicable income taxes, thus the Company anticipates the transfer of "stranded" tax amounts from its AOCI-L to retained earnings upon the adoption of ASU 2018-02. The effect of the adoption of ASU 2018-02 will not be material to the Company's financial position, and the adoption will have no impact on the Company's results of operations or cash flows. Credit Losses (ASU 2016-13) In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"). This new guidance will change how entities account for credit impairment for trade and other receivables, as well as for certain financial assets and other instruments. ASU 2016-13 will replace the current "incurred loss" model with an "expected loss" model. Under the "incurred loss" model, a loss (or allowance) is recognized only when an event has occurred (such as a payment delinquency) that causes the entity to believe that a loss is probable (i.e., that it has been "incurred"). Under the "expected loss" model, an entity will recognize a loss (or allowance) upon initial recognition of the asset that reflects all future events that will lead to a loss being realized, regardless of whether it is probable that the future event will occur. The "incurred loss" model considers past events and current conditions, while the "expected loss" model includes expectations for the future which have yet to occur. ASU 2016-13 will be effective for the Company at the beginning of fiscal 2020 with early adoption permitted for fiscal 2019, including interim periods therein. The standard will require entities to record a cumulative-effect adjustment to the balance sheet as of the beginning of the first reporting period in which the guidance is effective. The Company is currently evaluating the potential impact that ASU 2016-13 may have on the timing of recognizing future provisions for expected losses on the Company's accounts receivable. Goodwill Impairment Testing (ASU 2017-04) In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 will eliminate the requirement to calculate the implied fair value of goodwill (step 2 of the current goodwill impairment test) to measure a goodwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit's carrying amount over its fair value (i.e., measure the charge based on the current step 1). Any impairment charge will be limited to the amount of goodwill allocated to an affected reporting unit. ASU 2017-04 will not change the current guidance for completing Step 1 of the goodwill impairment test, and an entity will still be able to perform the current optional qualitative goodwill impairment assessment before determining whether to proceed to Step 1. Upon adoption, ASU 2017-04 will be applied prospectively. Adoption for the Company will be effective for annual and interim impairment tests performed beginning in fiscal 2020. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017. The impact that ASU 2017-04 may have on the Company's financial condition or results of operations will depend on the circumstances of any goodwill impairment event that may occur after adoption.

GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

9 Months Ended

Sep. 29, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

The Company’s senior notes constitute debt obligations of its wholly-owned subsidiary, The William Carter Company ("TWCC" or the "Subsidiary Issuer"), are unsecured and are fully and unconditionally guaranteed by Carter’s, Inc. (the "Parent"), by certain of the Parent's current domestic subsidiaries (other than TWCC), and, subject to certain exceptions, future restricted subsidiaries that guarantee the Company’s secured revolving credit facility or certain other debt of the Company or the subsidiary guarantors.

For additional information, refer to the Company's Annual Report on Form 10-K for the 2017 fiscal year ended December 30, 2017.

The condensed consolidating financial information for the Parent, the Subsidiary Issuer, and the guarantor and non-guarantor subsidiaries has been prepared from the books and records maintained by the Company. The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10. The financial information may not necessarily be indicative of the financial position, results of operations, comprehensive income (loss), and cash flows, had the Parent, Subsidiary Issuer, guarantor or non-guarantor subsidiaries operated as independent entities.

Intercompany revenues and expenses included in the subsidiary records are eliminated in consolidation. As a result of this activity, an amount due to/due from affiliates will exist at any time. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions. The Company has accounted for investments in subsidiaries under the equity method. The guarantor subsidiaries are 100% owned directly or indirectly by the Parent and all guarantees are joint, several, and unconditional.

Condensed Consolidating Balance Sheets (unaudited)

As of September 29, 2018

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	70,518	$	19,755	$	33,625	$	—		$	123,898
Accounts receivable, net	—		235,167		38,986		19,336		—			293,489
Intercompany receivable	—		131,518		123,104		47,869		(302,491		)	—
Finished goods inventories	—		385,969		261,141		78,694		(32,819		)	692,985
Prepaid expenses and other current assets	—		21,690		23,431		11,879		—			57,000
Total current assets	—		844,862		466,417		191,403		(335,310		)	1,167,372
Property, plant, and equipment, net	—		137,709		185,203		37,806		—			360,718
Goodwill	—		136,570		45,368		47,673		—			229,611
Tradenames, net	—		223,117		142,637		—		—			365,754
Customer relationships, net	—		—		42,614		2,911		—			45,525
Other assets	—		25,422		1,690		1,854		—			28,966
Intercompany long-term receivable	—		—		490,514		—		(490,514		)	—
Intercompany long-term note receivable	—		100,000		—		—		(100,000		)	—
Investment in subsidiaries	811,185		1,117,864		283,169		—		(2,212,218		)	—
Total assets	$	811,185	$	2,585,544	$	1,657,612	$	281,647	$	(3,138,042	)	$	2,197,946

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	121,721	$	45,351	$	18,213	$	—		$	185,285
Intercompany payables	—		164,290		132,713		5,488		(302,491		)	—
Other current liabilities	—		40,703		75,358		16,960		—			133,021
Total current liabilities	—		326,714		253,422		40,661		(302,491		)	318,306

Long-term debt	—		798,020		—		—		—			798,020
Deferred income taxes	—		45,480		41,820		588		—			87,888
Intercompany long-term liability	—		490,514		—		—		(490,514		)	—
Intercompany long-term note payable	—		—		100,000		—		(100,000		)	—
Other long-term liabilities	—		80,812		88,860		12,875		—			182,547
Stockholders' equity	811,185		844,004		1,173,510		227,523		(2,245,037		)	811,185
Total liabilities and stockholders' equity	$	811,185	$	2,585,544	$	1,657,612	$	281,647	$	(3,138,042	)	$	2,197,946

As of December 30, 2017

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	129,463	$	10,030	$	39,001	$	—		$	178,494
Accounts receivable, net	—		182,944		40,286		17,331		—			240,561
Intercompany receivable	—		87,702		162,007		58,980		(308,689		)	—
Finished goods inventories	—		296,065		206,556		66,569		(20,468		)	548,722
Prepaid expenses and other current assets	—		17,012		21,354		14,569		—			52,935
Total current assets	—		713,186		440,233		196,450		(329,157		)	1,020,712
Property, plant, and equipment, net	—		147,858		189,511		40,555		—			377,924
Goodwill	—		136,570		45,368		48,486		—			230,424
Tradenames, net	—		223,251		142,300		—		—			365,551
Customer relationships, net	—		—		44,996		3,000		—			47,996
Other assets	—		23,884		2,392		2,159		—			28,435
Intercompany long-term receivable	—		—		441,294		—		(441,294		)	—
Intercompany long-term note receivable	—		100,000		—		—		(100,000		)	—
Investment in subsidiaries	857,416		1,053,224		231,994		—		(2,142,634		)	—
Total assets	$	857,416	$	2,397,973	$	1,538,088	$	290,650	$	(3,013,085	)	$	2,071,042

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	115,658	$	49,313	$	17,143	$	—		$	182,114
Intercompany payables	—		215,573		91,697		1,419		(308,689		)	—
Other current liabilities	—		11,805		122,989		14,340		—			149,134
Total current liabilities	—		343,036		263,999		32,902		(308,689		)	331,248

Long-term debt	—		617,306		—		—		—			617,306
Deferred income taxes	—		46,619		37,647		678		—			84,944
Intercompany long-term liability	—		441,294		—		—		(441,294		)	—
Intercompany long-term note payable	—		—		100,000		—		(100,000		)	—
Other long-term liabilities	—		71,834		92,570		15,724		—			180,128
Stockholders' equity	857,416		877,884		1,043,872		241,346		(2,163,102		)	857,416
Total liabilities and stockholders' equity	$	857,416	$	2,397,973	$	1,538,088	$	290,650	$	(3,013,085	)	$	2,071,042

As of September 30, 2017

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	56,715	$	17,771	$	30,884	$	—		$	105,370
Accounts receivable, net	—		229,425		37,165		19,061		—			285,651
Intercompany receivable	—		113,950		114,420		35,964		(264,334		)	—
Finished goods inventories	—		311,260		245,934		74,631		(21,829		)	609,996
Prepaid expenses and other current assets	—		18,339		22,342		10,275		—			50,956
Total current assets	—		729,689		437,632		170,815		(286,163		)	1,051,973
Property, plant, and equipment, net	—		149,889		192,065		40,060		—			382,014
Goodwill	—		136,570		48,566		49,057		—			234,193
Tradenames, net	—		223,295		142,300		—		—			365,595
Customer relationships, net	—		—		43,246		3,376		—			46,622
Other assets	—		23,274		1,533		1,732		—			26,539
Intercompany long-term receivable	—		—		411,787		—		(411,787		)	—
Intercompany long-term note receivable	—		100,000		—		—		(100,000		)	—
Investment in subsidiaries	771,831		983,575		204,093		—		(1,959,499		)	—
Total assets	$	771,831	$	2,346,292	$	1,481,222	$	265,040	$	(2,757,449	)	$	2,106,936

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	120,892	$	54,334	$	18,652	$	—		$	193,878
Intercompany payables	—		148,416		111,972		3,946		(264,334		)	—
Other current liabilities	—		45,656		78,381		13,077		—			137,114
Total current liabilities	—		314,964		244,687		35,675		(264,334		)	330,992

Long-term debt	—		687,074		—		—		—			687,074
Deferred income taxes	—		70,290		66,972		899		—			138,161
Intercompany long-term liability	—		411,787		—		—		(411,787		)	—
Intercompany long-term note payable	—		—		100,000		—		(100,000		)	—
Other long-term liabilities	—		68,517		95,329		15,032		—			178,878
Stockholders' equity	771,831		793,660		974,234		213,434		(1,981,328		)	771,831
Total liabilities and stockholders' equity	$	771,831	$	2,346,292	$	1,481,222	$	265,040	$	(2,757,449	)	$	2,106,936

Condensed Consolidating Statements of Operations (unaudited)

For the fiscal quarter ended September 29, 2018

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	570,007		$	506,994		$	119,182		$	(272,276	)	$	923,907
Cost of goods sold	—			424,895			309,123			60,701			(258,262		)	536,457
Gross profit	—			145,112			197,871			58,481			(14,014		)	387,450
Royalty income, net	—			8,515			5,320			—			(3,611		)	10,224
Selling, general, and administrative expenses	—			53,008			214,036			34,888			(7,815		)	294,117
Operating income (loss)	—			100,619			(10,845		)	23,593			(9,810		)	103,557
Interest expense	—			9,866			1,329			—			(1,327		)	9,868
Interest income	—			(1,329		)	(2		)	(80		)	1,327			(84		)
(Income) loss in subsidiaries	(71,770		)	(6,446		)	(21,608		)	—			99,824			—
Other (income) expense, net	—			—			235			(301		)	—			(66		)
Income (loss) before income taxes	71,770			98,528			9,201			23,974			(109,634		)	93,839
Provision for income taxes	—			16,948			2,755			2,366			—			22,069
Net income (loss)	$	71,770		$	81,580		$	6,446		$	21,608		$	(109,634	)	$	71,770

For the fiscal quarter ended September 30, 2017

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	587,022		$	506,272		$	106,105		$	(251,353	)	$	948,046
Cost of goods sold	—			423,433			297,858			59,500			(236,323		)	544,468
Gross profit	—			163,589			208,414			46,605			(15,030		)	403,578
Royalty income, net	—			8,245			5,501			—			(3,396		)	10,350
Selling, general, and administrative expenses	—			49,368			210,175			32,704			(8,767		)	283,480
Operating income	—			122,466			3,740			13,901			(9,659		)	130,448
Interest expense	—			8,013			1,375			—			(1,327		)	8,061
Interest income	—			(1,330		)	—			(38		)	1,327			(41		)
(Income) loss in subsidiaries	(82,316		)	(4,555		)	(11,037		)	—			97,908			—
Other (income) expense, net	—			(120		)	123			(818		)	—			(815		)
Income (loss) before income taxes	82,316			120,458			13,279			14,757			(107,567		)	123,243
Provision for income taxes	—			28,483			8,724			3,720			—			40,927
Net income (loss)	$	82,316		$	91,975		$	4,555		$	11,037		$	(107,567	)	$	82,316

For the three fiscal quarters ended September 29, 2018

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	1,376,806		$	1,379,293		$	298,148		$	(678,357	)	$	2,375,890
Cost of goods sold	—			1,028,751			820,721			147,498			(650,965		)	1,346,005
Gross profit	—			348,055			558,572			150,650			(27,392		)	1,029,885
Royalty income, net	—			24,043			13,739			—			(9,209		)	28,573
Selling, general, and administrative expenses	—			137,246			626,125			98,500			(24,250		)	837,621
Operating income (loss)	—			234,852			(53,814		)	52,150			(12,351		)	220,837
Interest expense	—			25,778			3,983			10			(3,981		)	25,790
Interest income	—			(3,999		)	(2		)	(454		)	3,981			(474		)
(Income) loss in subsidiaries	(151,506		)	14,593			(45,032		)	—			181,945			—
Other expense, net	—			19			360			149			—			528
Income (loss) before income taxes	151,506			198,461			(13,123		)	52,445			(194,296		)	194,993
Provision for income taxes	—			34,604			1,470			7,413			—			43,487
Net income (loss)	$	151,506		$	163,857		$	(14,593	)	$	45,032		$	(194,296	)	$	151,506

For the three fiscal quarters ended September 30, 2017

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	1,393,351		$	1,337,078		$	239,022		$	(596,827	)	$	2,372,624
Cost of goods sold	—			1,014,968			783,973			133,948			(582,782		)	1,350,107
Gross profit	—			378,383			553,105			105,074			(14,045		)	1,022,517
Royalty income, net	—			25,580			14,508			—			(7,970		)	32,118
Selling, general, and administrative expenses	—			128,595			593,544			85,267			(25,986		)	781,420
Operating income (loss)	—			275,368			(25,931		)	19,807			3,971			273,215
Interest expense	—			22,124			4,121			95			(3,981		)	22,359
Interest income	—			(4,169		)	—			(71		)	3,981			(259		)
(Income) loss in subsidiaries	(166,703		)	23,699			(15,395		)	—			158,399			—
Other (income) expense, net	—			(745		)	771			(1,606		)	—			(1,580		)
Income (loss) before income taxes	166,703			234,459			(15,428		)	21,389			(154,428		)	252,695
Provision for income taxes	—			71,727			8,271			5,994			—			85,992
Net income (loss)	$	166,703		$	162,732		$	(23,699	)	$	15,395		$	(154,428	)	$	166,703

Condensed Consolidating Statements of Comprehensive Income (unaudited)

For the fiscal quarter ended September 29, 2018

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Net income (loss)	$	71,770	$	81,580	$	6,446	$	21,608	$	(109,634	)	$	71,770
Foreign currency translation adjustments	3,213		3,213		3,213		3,213		(9,639		)	3,213
Comprehensive income (loss)	$	74,983	$	84,793	$	9,659	$	24,821	$	(119,273	)	$	74,983

For the fiscal quarter ended September 30, 2017

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Net income (loss)	$	82,316	$	91,975	$	4,555	$	11,037	$	(107,567	)	$	82,316
Foreign currency translation adjustments	4,157		4,157		4,157		4,157		(12,471		)	4,157
Comprehensive income (loss)	$	86,473	$	96,132	$	8,712	$	15,194	$	(120,038	)	$	86,473

For the three fiscal quarters ended September 29, 2018

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income (loss)	$	151,506		$	163,857		$	(14,593	)	$	45,032		$	(194,296	)	$	151,506
Foreign currency translation adjustments	(3,225		)	(3,225		)	(3,225		)	(3,225		)	9,675			(3,225		)
Comprehensive income (loss)	$	148,281		$	160,632		$	(17,818	)	$	41,807		$	(184,621	)	$	148,281

For the three fiscal quarters ended September 30, 2017

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Net income (loss)	$	166,703	$	162,732	$	(23,699	)	$	15,395	$	(154,428	)	$	166,703
Foreign currency translation adjustments	8,244		8,244		8,244			8,244		(24,732		)	8,244
Comprehensive income (loss)	$	174,947	$	170,976	$	(15,455	)	$	23,639	$	(179,160	)	$	174,947

Condensed Consolidating Statements of Cash Flows (unaudited)

For the three fiscal quarters ended September 29, 2018

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows (used in) provided by operating activities:	$	—		$	(11,296	)	$	(16,349	)	$	49,003		$	—		$	21,358

Cash flows from investing activities:
Capital expenditures	—			(13,121		)	(30,056		)	(4,667		)	—			(47,844		)
Intercompany investing activity	206,622			(2,116		)	3,024			1,077			(208,607		)	—
Acquisitions of businesses, net of cash acquired	—			—			—			96			—			96
Disposals and recoveries from property, plant, and equipment	—			—			369			7			—			376
Net cash provided by (used in) investing activities	206,622			(15,237		)	(26,663		)	(3,487		)	(208,607		)	(47,372		)

Cash flows from financing activities:
Intercompany financing activity	—			(211,522		)	(12,263		)	15,178			208,607			—
Payment of debt issuance costs	—			(890		)	—			—			—			(890		)
Borrowings under secured revolving credit facility	—			290,000			—			—			—			290,000
Payments on secured revolving credit facility	—			(110,000		)	—			—			—			(110,000		)
Dividends paid	(63,114		)	—			65,000			(65,000		)	—			(63,114		)
Repurchases of common stock	(145,493		)	—			—			—			—			(145,493		)
Withholdings from vestings of restricted stock	(6,747		)	—			—			—			—			(6,747		)
Proceeds from exercises of stock options	8,732			—			—			—			—			8,732
Net cash (used in) provided by financing activities	(206,622		)	(32,412		)	52,737			(49,822		)	208,607			(27,512		)
Effect of exchange rate changes on cash	—			—			—			(1,070		)	—			(1,070		)
Net (decrease) increase in cash and cash equivalents	—			(58,945		)	9,725			(5,376		)	—			(54,596		)
Cash and cash equivalents, beginning of period	—			129,463			10,030			39,001			—			178,494
Cash and cash equivalents, end of period	$	—		$	70,518		$	19,755		$	33,625		$	—		$	123,898

For the three fiscal quarters ended September 30, 2017

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows provided by operating activities:	$	—		$	53,299		$	54,934		$	9,273		$	—		$	117,506

Cash flows from investing activities:
Capital expenditures	—			(16,678		)	(28,867		)	(6,111		)	—			(51,656		)
Intercompany investing activity	204,931			(510		)	—			—			(204,421		)	—
Acquisition of business, net of cash acquired	—			(144,520		)	746			(15,591		)	—			(159,365		)
Net cash provided by (used in) investing activities	204,931			(161,708		)	(28,121		)	(21,702		)	(204,421		)	(211,021		)

Cash flows from financing activities:
Intercompany financing activity	—			(186,794		)	(20,859		)	3,232			204,421			—
Payment of debt issuance costs	—			(2,138		)	—			—			—			(2,138		)
Borrowings under secured revolving credit facility	—			200,000			—			—			—			200,000
Payments on secured revolving credit facility	—			(75,000		)	—			(18,965		)	—			(93,965		)
Dividends paid	(53,443		)	—			—			—			—			(53,443		)
Repurchases of common stock	(150,974		)	—			—			—			—			(150,974		)
Withholdings from vestings of restricted stock	(5,654		)	—			—			—			—			(5,654		)
Proceeds from exercises of stock options	5,140			—			—			—			—			5,140
Net cash (used in) provided by financing activities	(204,931		)	(63,932		)	(20,859		)	(15,733		)	204,421			(101,034		)
Effect of exchange rate changes on cash	—			—			—			561			—			561
Net (decrease) increase in cash and cash equivalents	—			(172,341		)	5,954			(27,601		)	—			(193,988		)
Cash and cash equivalents, beginning of period	—			229,056			11,817			58,485			—			299,358
Cash and cash equivalents, end of period	$	—		$	56,715		$	17,771		$	30,884		$	—		$	105,370

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References + Details

BASIS OF PRESENTATION (Policies)

9 Months Ended

Sep. 29, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Revenue from Contracts with Customers (ASC No. 606)

The Company uses the five-step model to recognize revenue:


1)	Identify the contract with the customer;


2)	Identity the performance obligation(s);


3)	Determine the transaction price;


4)	Allocate the transaction price to each performance obligation if multiple obligations exist; and


5)	Recognize the revenue as the performance obligations are satisfied

Performance Obligations

When Performance Obligations Are Satisfied

The Company satisfies its performance obligations with licensees over time as customers have the right to use the intellectual property over the contract period.

Significant Payment Terms

Retail customers tender a form of payment, such as cash or a credit/debit card, at point of sale. For wholesale customers and licensees, payment is due based on established terms.

Returns and Refunds

The Company establishes return provisions for retail customers. It is the Company's policy not to accept returns from wholesale customers.

Significant Judgments

Costs Incurred to Obtain a Contract - Incremental costs to obtain contracts are not material to the Company.

Policy Elections

In addition to those previously disclosed, the Company has made the following accounting policy elections and practical expedients:

Portfolio Approach - The Company uses the portfolio approach when multiple contracts or performance obligations are involved in the determination of revenue recognition.

Taxes - The Company excludes from the transaction price any taxes collected from customers that are remitted to taxing authorities.

Shipping and Handling Charges - Charges that are incurred before and after the customer obtains control of goods are deemed to be fulfillment costs.

Classification of Costs Related to Defined Benefit Pension and Other Post-retirement Benefit Plans

Classification of Costs Related to Defined Benefit Pension and Other Post-retirement Benefit Plans (ASU 2017-07)

Modifications to Share-based Compensation Awards

Modifications to Share-based Compensation Awards (ASU 2017-09)

Definition of a Business

Definition of a Business (ASU 2017-01)

Statement of Cash Flows

Statement of Cash Flows (ASU 2016-15)

REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 29, 2018

Revenue from Contract with Customer [Abstract]

ASC 606 Initial Application

The effects of retrospective adoption on the Company's consolidated Statements of Operations were as follows:



	Third Quarter			Three Fiscal Quarters			Year		Year
(dollars in thousands, except per share data)	Fiscal 2017			Fiscal 2017			Fiscal 2017		Fiscal 2016
Net sales	$	(186	)	$	(480	)	$	92	$	(637	)
Cost of goods sold	$	84		$	110		$	52	$	(7	)
Income before income taxes	$	(270	)	$	(590	)	$	40	$	(630	)
Net income	$	(170	)	$	(371	)	$	84	$	(397	)

Basic net income per common share	$	—		$	(0.01	)	$	—	$	(0.01	)
Diluted net income per common share	$	—		$	(0.01	)	$	—	$	—

The cumulative effect to the Company’s retained earnings at January 2, 2016 was an after-tax increase of approximately $0.6 million.

The effects of adoption of ASC 606 on the Company’s consolidated balance sheet at December 30, 2017 were as follows:



(dollars in thousands)	As Previously Reported		ASC 606 Adjustments			As Amended for ASC 606
ASSETS
Prepaid expenses and other current assets	$	49,892	$	3,043	⁽¹⁾	$	52,935
Total current assets	$	1,017,669	$	3,043		$	1,020,712
Total assets	$	2,067,999	$	3,043		$	2,071,042

LIABILITIES AND STOCKHOLDERS' EQUITY
Other current liabilities	$	146,510	$	2,624	⁽²⁾	$	149,134
Total current liabilities	$	328,624	$	2,624		$	331,248
Deferred income taxes	$	84,848	$	96		$	84,944
Total liabilities	$	1,210,906	$	2,720		$	1,213,626

Retained earnings	885,714		323		⁽³⁾	886,037
Total stockholder's equity	$	857,093	$	323		$	857,416

Total liabilities and stockholders' equity	$	2,067,999	$	3,043		$	2,071,042

(1)


(2)	Amount includes a reclassification of approximately $3.0 million for estimated inventory expected to be returned by customers, partially offset by a reclassification of approximately $0.4 million for gift card liabilities.


(3)	Cumulative impact of approximately $0.6 million for after-tax adjustments to retained earnings at the beginning of fiscal 2016, offset by ASC 606 effects on fiscal 2017 and fiscal 2016 results of operations.

The retrospective adoption of ASC 606 at the beginning of fiscal 2018 also had the following effects on the Company’s unaudited condensed consolidated balance sheet at September 30, 2017:



(dollars in thousands)	As Previously Reported		ASC 606 Adjustments				As Amended for ASC 606
ASSETS
Prepaid expenses and other current assets	$	48,083	$	2,873		⁽¹⁾	$	50,956
Total current assets	$	1,049,100	$	2,873			$	1,051,973
Total assets	$	2,104,063	$	2,873			$	2,106,936

LIABILITIES AND STOCKHOLDERS' EQUITY
Other current liabilities	$	134,031	$	3,083		⁽²⁾	$	137,114
Total current liabilities	$	327,909	$	3,083			$	330,992
Deferred income taxes	$	138,239	$	(78	)		138,161
Total liabilities	$	1,332,100	$	3,005			$	1,335,105

Retained earnings	$	797,985	$	(132	)	⁽³⁾	$	797,853
Total stockholder's equity	$	771,963	$	(132	)		$	771,831

Total liabilities and stockholders' equity	$	2,104,063	$	2,873			$	2,106,936

(1)


(2)	Amount includes a reclassification of approximately $2.9 million for estimated inventory expected to be returned by customers and an adjustment of approximately $0.2 million for gift card liabilities.


(3)	Cumulative impact of approximately $0.6 million for after-tax adjustments to retained earnings at the beginning of fiscal 2016, offset by ASC 606 impact on fiscal 2017 and fiscal 2016 results of operations.

Disaggregation of Revenue



	Fiscal quarter ended September 29, 2018
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Wholesale channel	$	—	$	338,963	$	54,373	$	393,336
Direct-to-consumer	459,101		—		71,470		530,571
	$	459,101	$	338,963	$	125,843	$	923,907

Royalty income	$	3,614	$	5,891	$	719	$	10,224



	Three fiscal quarters ended September 29, 2018
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Wholesale channel	$	—	$	829,272	$	117,255	$	946,527
Direct-to-consumer	1,244,863		—		184,500		1,429,363
	$	1,244,863	$	829,272	$	301,755	$	2,375,890

Royalty income	$	9,625	$	16,693	$	2,255	$	28,573



	Fiscal quarter ended September 30, 2017
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Wholesale channel	$	—	$	369,577	$	55,524	$	425,101
Direct-to-consumer	453,843		—		69,102		522,945
	$	453,843	$	369,577	$	124,626	$	948,046

Royalty income	$	3,038	$	6,648	$	664	$	10,350



	Three fiscal quarters ended September 30, 2017
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Wholesale channel	$	—	$	879,842	$	112,827	$	992,669
Direct-to-consumer	1,209,143		—		170,812		1,379,955
	$	1,209,143	$	879,842	$	283,639	$	2,372,624

Royalty income	$	11,201	$	18,153	$	2,764	$	32,118

Accounts Receivable from Customers and Licensees

The components of Accounts receivable, net, were as follows:



(dollars in thousands)	September 29, 2018			December 30, 2017			September 30, 2017
Trade receivables from wholesale customers, net	$	281,190		$	229,968		$	274,238
Royalties receivable	9,667			9,818			9,331
Tenant allowances and other receivables	14,165			14,511			13,863
Total gross receivables	$	305,022		$	254,297		$	297,432
Less:
Wholesale accounts receivable reserves	(11,533		)	(13,736		)	(11,781		)
Accounts receivable, net	$	293,489		$	240,561		$	285,651

Contract Liabilities

Contract Assets and Liabilities

The Company's contract assets are not material.

Contract Liabilities



(dollars in thousands)	September 29, 2018		December 30, 2017		September 30, 2017
Contract liabilities-current:
Unredeemed gift cards	$	11,304	$	11,945	$	10,236
Unredeemed customer loyalty rewards	8,441		7,355		8,485
Total contract liabilities-current^(*)	$	19,745	$	19,300	$	18,721


*	Included with Other current liabilities on the Company's consolidated balance sheet.

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

9 Months Ended

Sep. 29, 2018

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss consisted of the following:



(dollars in thousands)	September 29, 2018			December 30, 2017			September 30, 2017
Cumulative foreign currency translation adjustments	$	(24,510	)	$	(21,285	)	$	(19,380	)
Pension and post-retirement obligations^(*)	(7,808		)	(7,808		)	(7,116		)
Total accumulated other comprehensive loss	$	(32,318	)	$	(29,093	)	$	(26,496	)


(*)	Net of income taxes of $4.4 million, $4.4 million, and $4.2 million, respectively. The deferred income taxes associated with these obligations are subject to adjustments upon the Company's adoption of ASC 2018-02. See Note 16, Pending Adoption of Recent Accounting Pronouncements.

GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 29, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The estimated amortization expense for the next five fiscal years is as follows:



(dollars in thousands)	Amortization
2019	$	3,751
2020	$	3,751
2021	$	3,751
2022	$	3,751
2023	$	3,708

Intangible assets table

The Company's goodwill and intangible assets were as follows:



		September 29, 2018						December 30, 2017
(dollars in thousands)	Weighted-average useful life	Gross amount		Accumulated amortization		Net amount		Gross amount		Accumulated amortization		Net amount
Carter's goodwill	Indefinite	$	136,570			$	136,570	$	136,570			$	136,570
Canada goodwill	Indefinite	41,074				41,074		42,223				42,223
Skip Hop goodwill	Indefinite	45,976				45,976		45,997				45,997
Carter's Mexico goodwill	Indefinite	5,991				5,991		5,634				5,634
Total goodwill		$	229,611			$	229,611	$	230,424			$	230,424

Carter's tradename	Indefinite	$	220,233			$	220,233	$	220,233			$	220,233
OshKosh tradename	Indefinite	85,500				85,500		85,500				85,500
Skip Hop tradename	Indefinite	56,800				56,800		56,800				56,800
Finite-life tradenames	5-20 years	3,911		$	690	3,221		3,550		$	532	3,018
Total tradenames, net		$	366,444	$	690	$	365,754	$	366,083	$	532	$	365,551

Skip Hop customer relationships	15 years	$	47,300	$	4,686	$	42,614	$	47,300	$	2,304	$	44,996
Carter's Mexico customer relationships	10 years	3,289		378		2,911		3,135		135		3,000
Total customer relationships, net		$	50,589	$	5,064	$	45,525	$	50,435	$	2,439	$	47,996



		September 30, 2017
(dollars in thousands)	Weighted-average useful life	Gross amount		Accumulated amortization		Net amount
Carter's goodwill	Indefinite	$	136,570			$	136,570
Canada goodwill	Indefinite	42,514				42,514
Skip Hop goodwill	Indefinite	49,190				49,190
Carter's Mexico goodwill	Indefinite	5,919				5,919
Total goodwill		$	234,193			$	234,193

Carter's tradename	Indefinite	$	220,233			$	220,233
OshKosh tradename	Indefinite	85,500				85,500
Skip Hop tradename	Indefinite	56,800				56,800
Finite-life tradenames	5-20 years	42,040		$	38,978	3,062
Total tradenames, net		$	404,573	$	38,978	$	365,595

Skip Hop customer relationships, net	15 years	$	44,800	$	1,554	$	43,246
Carter's Mexico customer relationships	10 years	3,376		—		3,376
Total customer relationships, net		$	48,176	$	1,554	$	46,622

COMMON STOCK (Tables)

9 Months Ended

Sep. 29, 2018

Stockholders' Equity Note [Abstract]

Schedule of Shares Repurchased and Retired

The Company repurchased and retired shares in open market transactions in the following amounts for the fiscal periods indicated:



	Fiscal quarter ended				Three fiscal quarters ended
	September 29, 2018		September 30, 2017		September 29, 2018		September 30, 2017
Number of shares repurchased	543,793		596,178		1,364,420		1,727,587
Aggregate cost of shares repurchased (dollars in thousands)	$	56,401	$	52,742	$	145,493	$	150,974
Average price per share	$	103.72	$	88.47	$	106.63	$	87.39

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21488-112644

+ Details

LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 29, 2018

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consisted of the following:



(dollars in thousands)	September 29, 2018			December 30, 2017			September 30, 2017
Senior notes at amounts repayable	$	400,000		$	400,000		$	400,000
Less unamortized issuance-related costs for senior notes	(2,980		)	(3,694		)	(3,926		)
Senior notes, net	397,020			396,306			396,074
Secured revolving credit facility	401,000			221,000			291,000
Total long-term debt, net	$	798,020		$	617,306		$	687,074

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
-Topic 942
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-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
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-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 7
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+ Details

STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 29, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of recorded stock-based compensation cost

The Company recorded stock-based compensation expense as follows:



	Fiscal quarter ended					Three fiscal quarters ended
(dollars in thousands)	September 29, 2018			September 30, 2017		September 29, 2018		September 30, 2017
Stock options	$	1,148		$	983	$	3,604	$	3,182
Restricted stock:
Time-based awards	1,881			1,706		5,989		5,668
Performance-based awards	(1,185		)	1,116		1,314		3,419
Stock awards	—			—		1,203		1,182
Total	$	1,844		$	3,805	$	12,110	$	13,451

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 29, 2018

Fair Value Disclosures [Abstract]

Assets and liabilities that are remeasured at fair value

The following table summarizes assets and liabilities that are remeasured at fair value each reporting period:



	September 29, 2018				December 30, 2017				September 30, 2017
(dollars in millions)	Level 1		Level 2	Level 3	Level 1		Level 2	Level 3	Level 1		Level 2		Level 3
Assets
Investments⁽¹⁾	$	17.6	—	—	$	16.7	—	—	$	15.7	—		—

Liabilities
Foreign exchange forward contracts⁽²⁾	—		—	—	—		—	—	—		$	0.2	—


(1)	Included in Other assets on the Company's consolidated balance sheet.


(2)	Included in Other current liabilities on the Company's consolidated balance sheet.

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 29, 2018

Earnings Per Share [Abstract]

Reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding

The following is a reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding:



	Fiscal quarter ended						Three fiscal quarters ended
	September 29, 2018			September 30, 2017			September 29, 2018			September 30, 2017
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding	45,990,039			47,303,074			46,399,746			47,829,794
Dilutive effect of equity awards	490,283			541,325			538,422			549,213
Diluted number of common and common equivalent shares outstanding	46,480,322			47,844,399			46,938,168			48,379,007

Basic net income per common share (in thousands, except per share data):
Net income	$	71,770		$	82,316		$	151,506		$	166,703
Income allocated to participating securities	(540		)	(651		)	(1,142		)	(1,311		)
Net income available to common shareholders	$	71,230		$	81,665		$	150,364		$	165,392

Basic net income per common share	$	1.55		$	1.73		$	3.24		$	3.46

Diluted net income per common share (in thousands, except per share data):
Net income	$	71,770		$	82,316		$	151,506		$	166,703
Income allocated to participating securities	(536		)	(645		)	(1,134		)	(1,301		)
Net income available to common shareholders	$	71,234		$	81,671		$	150,372		$	165,402

Diluted net income per common share	$	1.53		$	1.71		$	3.20		$	3.42

Anti-dilutive awards excluded from diluted earnings per share computation	326,129			662,130			266,646			618,826

OTHER CURRENT AND LONG-TERM LIABILITIES (Tables)

9 Months Ended

Sep. 29, 2018

Other Liabilities Disclosure [Abstract]

Schedule of other current liabilities

Other current liabilities that exceeded five percent of total current liabilities, at the end of any comparable period, were as follows:



(dollars in thousands)	September 29, 2018		December 30, 2017		September 30, 2017
Accrued bonuses and incentive compensation	$	6,286	$	27,566	$	9,328
Income taxes payable	21,124		16,252		28,393
Accrued employee benefits	13,987		21,735		12,503
Accrued and deferred rent	19,137		18,213		18,160

Schedule of other long-term liabilities

Other long-term liabilities that exceeded five percent of total liabilities, at the end of any comparable period, were as follows:



(dollars in thousands)	September 29, 2018		December 30, 2017		September 30, 2017
Deferred lease incentives	$	75,331	$	75,104	$	76,599

SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 29, 2018

Segment Reporting [Abstract]

Schedule of segment information

The table below presents certain information for our reportable segments and unallocated corporate expenses for the periods indicated.



	Fiscal quarter ended										Three fiscal quarters ended
(dollars in thousands)	September 29, 2018			% of Total Net Sales		September 30, 2017			% of Total Net Sales		September 29, 2018			% of Total Net Sales		September 30, 2017			% of Total Net Sales
Net sales:
U.S. Retail	$	459,101		49.7	%	$	453,843		47.9	%	$	1,244,863		52.4	%	$	1,209,143		50.9	%
U.S. Wholesale	338,963			36.7	%	369,577			39.0	%	829,272			34.9	%	879,842			37.1	%
International	125,843			13.6	%	124,626			13.1	%	301,755			12.7	%	283,639			12.0	%
Total net sales	$	923,907		100.0	%	$	948,046		100.0	%	$	2,375,890		100.0	%	$	2,372,624		100.0	%

Operating income (loss):				% of Segment Net Sales					% of Segment Net Sales					% of Segment Net Sales					% of Segment Net Sales
U.S. Retail⁽¹⁾⁽⁵⁾	$	47,139		10.3	%	$	55,519		12.2	%	$	122,086		9.8	%	$	127,441		10.5	%
U.S. Wholesale⁽²⁾⁽⁵⁾	67,785			20.0	%	78,572			21.3	%	148,395			17.9	%	184,073			20.9	%
International⁽⁵⁾⁽⁶⁾	12,434			9.9	%	16,726			13.4	%	20,508			6.8	%	28,008			9.9	%
Corporate expenses⁽³⁾⁽⁴⁾	(23,801		)			(20,369		)			(70,152		)			(66,307		)
Total operating income	$	103,557		11.2	%	$	130,448		13.8	%	$	220,837		9.3	%	$	273,215		11.5	%


(1)	Includes insurance recoveries of approximately $0.4 million associated with storm-related store closures in 2017 for the three fiscal quarters ended September 29, 2018.


(2)	Includes approximately $12.8 million of charges related to a customer bankruptcy for the three fiscal quarters ended September 29, 2018.


(3)	Corporate expenses include expenses related to incentive compensation, stock-based compensation, executive management, severance and relocation, finance, office occupancy, information technology, certain legal fees, consulting fees, and audit fees.


(4)	Includes the following charges:



	Fiscal quarter ended					Three fiscal quarters ended
(dollars in millions)	September 29, 2018		September 30, 2017			September 29, 2018		September 30, 2017
Acquisition contingency fair value adjustment	$	—	$	(3.6	)	$	—	$	(3.6	)
Direct sourcing initiative	$	—	$	0.1		$	—	$	0.3
Acquisition-related costs	$	—	$	0.8		$	—	$	3.3


(5)	Includes $0.4 million and $0.8 million of certain costs related to inventory acquired from Skip Hop in operating income between U.S. Wholesale, U.S. Retail, and International for the fiscal quarter and three fiscal quarters ended September 30, 2017, respectively.


(6)	Fiscal quarter and three fiscal quarters ended September 29, 2018 include approximately $3.5 million in costs associated with changes to the Company's business model in China, which includes inventory and severance charges.

GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)

9 Months Ended

Sep. 29, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets (unaudited)

As of September 29, 2018

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	70,518	$	19,755	$	33,625	$	—		$	123,898
Accounts receivable, net	—		235,167		38,986		19,336		—			293,489
Intercompany receivable	—		131,518		123,104		47,869		(302,491		)	—
Finished goods inventories	—		385,969		261,141		78,694		(32,819		)	692,985
Prepaid expenses and other current assets	—		21,690		23,431		11,879		—			57,000
Total current assets	—		844,862		466,417		191,403		(335,310		)	1,167,372
Property, plant, and equipment, net	—		137,709		185,203		37,806		—			360,718
Goodwill	—		136,570		45,368		47,673		—			229,611
Tradenames, net	—		223,117		142,637		—		—			365,754
Customer relationships, net	—		—		42,614		2,911		—			45,525
Other assets	—		25,422		1,690		1,854		—			28,966
Intercompany long-term receivable	—		—		490,514		—		(490,514		)	—
Intercompany long-term note receivable	—		100,000		—		—		(100,000		)	—
Investment in subsidiaries	811,185		1,117,864		283,169		—		(2,212,218		)	—
Total assets	$	811,185	$	2,585,544	$	1,657,612	$	281,647	$	(3,138,042	)	$	2,197,946

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	121,721	$	45,351	$	18,213	$	—		$	185,285
Intercompany payables	—		164,290		132,713		5,488		(302,491		)	—
Other current liabilities	—		40,703		75,358		16,960		—			133,021
Total current liabilities	—		326,714		253,422		40,661		(302,491		)	318,306

Long-term debt	—		798,020		—		—		—			798,020
Deferred income taxes	—		45,480		41,820		588		—			87,888
Intercompany long-term liability	—		490,514		—		—		(490,514		)	—
Intercompany long-term note payable	—		—		100,000		—		(100,000		)	—
Other long-term liabilities	—		80,812		88,860		12,875		—			182,547
Stockholders' equity	811,185		844,004		1,173,510		227,523		(2,245,037		)	811,185
Total liabilities and stockholders' equity	$	811,185	$	2,585,544	$	1,657,612	$	281,647	$	(3,138,042	)	$	2,197,946

As of December 30, 2017

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	129,463	$	10,030	$	39,001	$	—		$	178,494
Accounts receivable, net	—		182,944		40,286		17,331		—			240,561
Intercompany receivable	—		87,702		162,007		58,980		(308,689		)	—
Finished goods inventories	—		296,065		206,556		66,569		(20,468		)	548,722
Prepaid expenses and other current assets	—		17,012		21,354		14,569		—			52,935
Total current assets	—		713,186		440,233		196,450		(329,157		)	1,020,712
Property, plant, and equipment, net	—		147,858		189,511		40,555		—			377,924
Goodwill	—		136,570		45,368		48,486		—			230,424
Tradenames, net	—		223,251		142,300		—		—			365,551
Customer relationships, net	—		—		44,996		3,000		—			47,996
Other assets	—		23,884		2,392		2,159		—			28,435
Intercompany long-term receivable	—		—		441,294		—		(441,294		)	—
Intercompany long-term note receivable	—		100,000		—		—		(100,000		)	—
Investment in subsidiaries	857,416		1,053,224		231,994		—		(2,142,634		)	—
Total assets	$	857,416	$	2,397,973	$	1,538,088	$	290,650	$	(3,013,085	)	$	2,071,042

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	115,658	$	49,313	$	17,143	$	—		$	182,114
Intercompany payables	—		215,573		91,697		1,419		(308,689		)	—
Other current liabilities	—		11,805		122,989		14,340		—			149,134
Total current liabilities	—		343,036		263,999		32,902		(308,689		)	331,248

Long-term debt	—		617,306		—		—		—			617,306
Deferred income taxes	—		46,619		37,647		678		—			84,944
Intercompany long-term liability	—		441,294		—		—		(441,294		)	—
Intercompany long-term note payable	—		—		100,000		—		(100,000		)	—
Other long-term liabilities	—		71,834		92,570		15,724		—			180,128
Stockholders' equity	857,416		877,884		1,043,872		241,346		(2,163,102		)	857,416
Total liabilities and stockholders' equity	$	857,416	$	2,397,973	$	1,538,088	$	290,650	$	(3,013,085	)	$	2,071,042

As of September 30, 2017

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	56,715	$	17,771	$	30,884	$	—		$	105,370
Accounts receivable, net	—		229,425		37,165		19,061		—			285,651
Intercompany receivable	—		113,950		114,420		35,964		(264,334		)	—
Finished goods inventories	—		311,260		245,934		74,631		(21,829		)	609,996
Prepaid expenses and other current assets	—		18,339		22,342		10,275		—			50,956
Total current assets	—		729,689		437,632		170,815		(286,163		)	1,051,973
Property, plant, and equipment, net	—		149,889		192,065		40,060		—			382,014
Goodwill	—		136,570		48,566		49,057		—			234,193
Tradenames, net	—		223,295		142,300		—		—			365,595
Customer relationships, net	—		—		43,246		3,376		—			46,622
Other assets	—		23,274		1,533		1,732		—			26,539
Intercompany long-term receivable	—		—		411,787		—		(411,787		)	—
Intercompany long-term note receivable	—		100,000		—		—		(100,000		)	—
Investment in subsidiaries	771,831		983,575		204,093		—		(1,959,499		)	—
Total assets	$	771,831	$	2,346,292	$	1,481,222	$	265,040	$	(2,757,449	)	$	2,106,936

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	120,892	$	54,334	$	18,652	$	—		$	193,878
Intercompany payables	—		148,416		111,972		3,946		(264,334		)	—
Other current liabilities	—		45,656		78,381		13,077		—			137,114
Total current liabilities	—		314,964		244,687		35,675		(264,334		)	330,992

Long-term debt	—		687,074		—		—		—			687,074
Deferred income taxes	—		70,290		66,972		899		—			138,161
Intercompany long-term liability	—		411,787		—		—		(411,787		)	—
Intercompany long-term note payable	—		—		100,000		—		(100,000		)	—
Other long-term liabilities	—		68,517		95,329		15,032		—			178,878
Stockholders' equity	771,831		793,660		974,234		213,434		(1,981,328		)	771,831
Total liabilities and stockholders' equity	$	771,831	$	2,346,292	$	1,481,222	$	265,040	$	(2,757,449	)	$	2,106,936

Condensed Consolidating Statements of Operations

Condensed Consolidating Statements of Operations (unaudited)

For the fiscal quarter ended September 29, 2018

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	570,007		$	506,994		$	119,182		$	(272,276	)	$	923,907
Cost of goods sold	—			424,895			309,123			60,701			(258,262		)	536,457
Gross profit	—			145,112			197,871			58,481			(14,014		)	387,450
Royalty income, net	—			8,515			5,320			—			(3,611		)	10,224
Selling, general, and administrative expenses	—			53,008			214,036			34,888			(7,815		)	294,117
Operating income (loss)	—			100,619			(10,845		)	23,593			(9,810		)	103,557
Interest expense	—			9,866			1,329			—			(1,327		)	9,868
Interest income	—			(1,329		)	(2		)	(80		)	1,327			(84		)
(Income) loss in subsidiaries	(71,770		)	(6,446		)	(21,608		)	—			99,824			—
Other (income) expense, net	—			—			235			(301		)	—			(66		)
Income (loss) before income taxes	71,770			98,528			9,201			23,974			(109,634		)	93,839
Provision for income taxes	—			16,948			2,755			2,366			—			22,069
Net income (loss)	$	71,770		$	81,580		$	6,446		$	21,608		$	(109,634	)	$	71,770

For the fiscal quarter ended September 30, 2017

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	587,022		$	506,272		$	106,105		$	(251,353	)	$	948,046
Cost of goods sold	—			423,433			297,858			59,500			(236,323		)	544,468
Gross profit	—			163,589			208,414			46,605			(15,030		)	403,578
Royalty income, net	—			8,245			5,501			—			(3,396		)	10,350
Selling, general, and administrative expenses	—			49,368			210,175			32,704			(8,767		)	283,480
Operating income	—			122,466			3,740			13,901			(9,659		)	130,448
Interest expense	—			8,013			1,375			—			(1,327		)	8,061
Interest income	—			(1,330		)	—			(38		)	1,327			(41		)
(Income) loss in subsidiaries	(82,316		)	(4,555		)	(11,037		)	—			97,908			—
Other (income) expense, net	—			(120		)	123			(818		)	—			(815		)
Income (loss) before income taxes	82,316			120,458			13,279			14,757			(107,567		)	123,243
Provision for income taxes	—			28,483			8,724			3,720			—			40,927
Net income (loss)	$	82,316		$	91,975		$	4,555		$	11,037		$	(107,567	)	$	82,316

For the three fiscal quarters ended September 29, 2018

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	1,376,806		$	1,379,293		$	298,148		$	(678,357	)	$	2,375,890
Cost of goods sold	—			1,028,751			820,721			147,498			(650,965		)	1,346,005
Gross profit	—			348,055			558,572			150,650			(27,392		)	1,029,885
Royalty income, net	—			24,043			13,739			—			(9,209		)	28,573
Selling, general, and administrative expenses	—			137,246			626,125			98,500			(24,250		)	837,621
Operating income (loss)	—			234,852			(53,814		)	52,150			(12,351		)	220,837
Interest expense	—			25,778			3,983			10			(3,981		)	25,790
Interest income	—			(3,999		)	(2		)	(454		)	3,981			(474		)
(Income) loss in subsidiaries	(151,506		)	14,593			(45,032		)	—			181,945			—
Other expense, net	—			19			360			149			—			528
Income (loss) before income taxes	151,506			198,461			(13,123		)	52,445			(194,296		)	194,993
Provision for income taxes	—			34,604			1,470			7,413			—			43,487
Net income (loss)	$	151,506		$	163,857		$	(14,593	)	$	45,032		$	(194,296	)	$	151,506

For the three fiscal quarters ended September 30, 2017

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	1,393,351		$	1,337,078		$	239,022		$	(596,827	)	$	2,372,624
Cost of goods sold	—			1,014,968			783,973			133,948			(582,782		)	1,350,107
Gross profit	—			378,383			553,105			105,074			(14,045		)	1,022,517
Royalty income, net	—			25,580			14,508			—			(7,970		)	32,118
Selling, general, and administrative expenses	—			128,595			593,544			85,267			(25,986		)	781,420
Operating income (loss)	—			275,368			(25,931		)	19,807			3,971			273,215
Interest expense	—			22,124			4,121			95			(3,981		)	22,359
Interest income	—			(4,169		)	—			(71		)	3,981			(259		)
(Income) loss in subsidiaries	(166,703		)	23,699			(15,395		)	—			158,399			—
Other (income) expense, net	—			(745		)	771			(1,606		)	—			(1,580		)
Income (loss) before income taxes	166,703			234,459			(15,428		)	21,389			(154,428		)	252,695
Provision for income taxes	—			71,727			8,271			5,994			—			85,992
Net income (loss)	$	166,703		$	162,732		$	(23,699	)	$	15,395		$	(154,428	)	$	166,703

Condensed Consolidating Statements of Comprehensive Income

Condensed Consolidating Statements of Comprehensive Income (unaudited)

For the fiscal quarter ended September 29, 2018

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Net income (loss)	$	71,770	$	81,580	$	6,446	$	21,608	$	(109,634	)	$	71,770
Foreign currency translation adjustments	3,213		3,213		3,213		3,213		(9,639		)	3,213
Comprehensive income (loss)	$	74,983	$	84,793	$	9,659	$	24,821	$	(119,273	)	$	74,983

For the fiscal quarter ended September 30, 2017

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Net income (loss)	$	82,316	$	91,975	$	4,555	$	11,037	$	(107,567	)	$	82,316
Foreign currency translation adjustments	4,157		4,157		4,157		4,157		(12,471		)	4,157
Comprehensive income (loss)	$	86,473	$	96,132	$	8,712	$	15,194	$	(120,038	)	$	86,473

For the three fiscal quarters ended September 29, 2018

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income (loss)	$	151,506		$	163,857		$	(14,593	)	$	45,032		$	(194,296	)	$	151,506
Foreign currency translation adjustments	(3,225		)	(3,225		)	(3,225		)	(3,225		)	9,675			(3,225		)
Comprehensive income (loss)	$	148,281		$	160,632		$	(17,818	)	$	41,807		$	(184,621	)	$	148,281

For the three fiscal quarters ended September 30, 2017

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Net income (loss)	$	166,703	$	162,732	$	(23,699	)	$	15,395	$	(154,428	)	$	166,703
Foreign currency translation adjustments	8,244		8,244		8,244			8,244		(24,732		)	8,244
Comprehensive income (loss)	$	174,947	$	170,976	$	(15,455	)	$	23,639	$	(179,160	)	$	174,947

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows (unaudited)

For the three fiscal quarters ended September 29, 2018

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows (used in) provided by operating activities:	$	—		$	(11,296	)	$	(16,349	)	$	49,003		$	—		$	21,358

Cash flows from investing activities:
Capital expenditures	—			(13,121		)	(30,056		)	(4,667		)	—			(47,844		)
Intercompany investing activity	206,622			(2,116		)	3,024			1,077			(208,607		)	—
Acquisitions of businesses, net of cash acquired	—			—			—			96			—			96
Disposals and recoveries from property, plant, and equipment	—			—			369			7			—			376
Net cash provided by (used in) investing activities	206,622			(15,237		)	(26,663		)	(3,487		)	(208,607		)	(47,372		)

Cash flows from financing activities:
Intercompany financing activity	—			(211,522		)	(12,263		)	15,178			208,607			—
Payment of debt issuance costs	—			(890		)	—			—			—			(890		)
Borrowings under secured revolving credit facility	—			290,000			—			—			—			290,000
Payments on secured revolving credit facility	—			(110,000		)	—			—			—			(110,000		)
Dividends paid	(63,114		)	—			65,000			(65,000		)	—			(63,114		)
Repurchases of common stock	(145,493		)	—			—			—			—			(145,493		)
Withholdings from vestings of restricted stock	(6,747		)	—			—			—			—			(6,747		)
Proceeds from exercises of stock options	8,732			—			—			—			—			8,732
Net cash (used in) provided by financing activities	(206,622		)	(32,412		)	52,737			(49,822		)	208,607			(27,512		)
Effect of exchange rate changes on cash	—			—			—			(1,070		)	—			(1,070		)
Net (decrease) increase in cash and cash equivalents	—			(58,945		)	9,725			(5,376		)	—			(54,596		)
Cash and cash equivalents, beginning of period	—			129,463			10,030			39,001			—			178,494
Cash and cash equivalents, end of period	$	—		$	70,518		$	19,755		$	33,625		$	—		$	123,898

For the three fiscal quarters ended September 30, 2017

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows provided by operating activities:	$	—		$	53,299		$	54,934		$	9,273		$	—		$	117,506

Cash flows from investing activities:
Capital expenditures	—			(16,678		)	(28,867		)	(6,111		)	—			(51,656		)
Intercompany investing activity	204,931			(510		)	—			—			(204,421		)	—
Acquisition of business, net of cash acquired	—			(144,520		)	746			(15,591		)	—			(159,365		)
Net cash provided by (used in) investing activities	204,931			(161,708		)	(28,121		)	(21,702		)	(204,421		)	(211,021		)

Cash flows from financing activities:
Intercompany financing activity	—			(186,794		)	(20,859		)	3,232			204,421			—
Payment of debt issuance costs	—			(2,138		)	—			—			—			(2,138		)
Borrowings under secured revolving credit facility	—			200,000			—			—			—			200,000
Payments on secured revolving credit facility	—			(75,000		)	—			(18,965		)	—			(93,965		)
Dividends paid	(53,443		)	—			—			—			—			(53,443		)
Repurchases of common stock	(150,974		)	—			—			—			—			(150,974		)
Withholdings from vestings of restricted stock	(5,654		)	—			—			—			—			(5,654		)
Proceeds from exercises of stock options	5,140			—			—			—			—			5,140
Net cash (used in) provided by financing activities	(204,931		)	(63,932		)	(20,859		)	(15,733		)	204,421			(101,034		)
Effect of exchange rate changes on cash	—			—			—			561			—			561
Net (decrease) increase in cash and cash equivalents	—			(172,341		)	5,954			(27,601		)	—			(193,988		)
Cash and cash equivalents, beginning of period	—			229,056			11,817			58,485			—			299,358
Cash and cash equivalents, end of period	$	—		$	56,715		$	17,771		$	30,884		$	—		$	105,370

THE COMPANY (Details)	Sep. 29, 2018 store
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of stores	1,061

REVENUE RECOGNITION (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	$ 923,907	$ 948,046	$ 2,375,890	$ 2,372,624
Cost of goods sold	536,457	544,468	1,346,005	1,350,107
Income before income taxes	93,839	123,243	194,993	252,695
Net income	$ 71,770	$ 82,316	$ 151,506	$ 166,703
Basic net income per common share (USD per share)	$ 1.55	$ 1.73	$ 3.24	$ 3.46
Diluted net income per common share (USD per share)	$ 1.53	$ 1.71	$ 3.20	$ 3.42
Total current assets	$ 1,167,372	$ 1,051,973	$ 1,167,372	$ 1,051,973	$ 1,020,712
Total assets	2,197,946	2,106,936	2,197,946	2,106,936	2,071,042
Other current liabilities	133,021	137,114	133,021	137,114	149,134
Total current liabilities	318,306	330,992	318,306	330,992	331,248
Total liabilities	1,386,761	1,335,105	1,386,761	1,335,105	1,213,626
Retained earnings	843,043	797,853	843,043	797,853	886,037
Total retained earnings	843,043	797,853	843,043	797,853	886,037
Total stockholders' equity	811,185	771,831	811,185	771,831	857,416
Total liabilities and stockholders' equity	2,197,946	2,106,936	2,197,946	2,106,936	2,071,042
Unredeemed customer loyalty program points reserve	8,441	8,485	8,441	8,485	7,355
Disaggregation of Revenue
Disaggregated revenue	923,907	2,375,890	948,046	2,372,624
Accounts receivable, gross	305,022	297,432	305,022	297,432	254,297
Accounts receivable, net	293,489	285,651	293,489	285,651	240,561
Contract Liabilities
Unredeemed gift cards	11,304	10,236	11,304	10,236	11,945
Unredeemed customer loyalty program points reserve	8,441	8,485	8,441	8,485	7,355
Total contract liabilities-current	19,745	18,721	19,745	18,721	19,300
Allowance for Doubtful Accounts
Disaggregation of Revenue
Less: reserve	(11,533)	(11,781)	(11,533)	(11,781)	(13,736)
Trade receivables from wholesale customers, net
Disaggregation of Revenue
Accounts receivable, gross	281,190	274,238	281,190	274,238	229,968
Royalties receivable
Disaggregation of Revenue
Accounts receivable, gross	9,667	9,331	9,667	9,331	9,818
Tenant allowances and other receivables
Disaggregation of Revenue
Accounts receivable, gross	14,165	13,863	14,165	13,863	14,511
Wholesale channel
Disaggregation of Revenue
Disaggregated revenue	393,336	946,527	425,101	992,669
Direct-to-consumer
Disaggregation of Revenue
Disaggregated revenue	530,571	1,429,363	522,945	1,379,955
Royalty income
Disaggregation of Revenue
Disaggregated revenue	10,224	28,573	10,350	32,118
Retail
Disaggregation of Revenue
Disaggregated revenue	459,101	1,244,863	453,843	1,209,143
Retail \| Wholesale channel
Disaggregation of Revenue
Disaggregated revenue	0	0	0	0
Retail \| Direct-to-consumer
Disaggregation of Revenue
Disaggregated revenue	459,101	1,244,863	453,843	1,209,143
Retail \| Royalty income
Disaggregation of Revenue
Disaggregated revenue	3,614	9,625	3,038	11,201
Wholesale
Disaggregation of Revenue
Disaggregated revenue	338,963	829,272	369,577	879,842
Wholesale \| Wholesale channel
Disaggregation of Revenue
Disaggregated revenue	338,963	829,272	369,577	879,842
Wholesale \| Direct-to-consumer
Disaggregation of Revenue
Disaggregated revenue	0	0	0	0
Wholesale \| Royalty income
Disaggregation of Revenue
Disaggregated revenue	5,891	16,693	6,648	18,153
International
Disaggregation of Revenue
Disaggregated revenue	125,843	301,755	124,626	283,639
International \| Wholesale channel
Disaggregation of Revenue
Disaggregated revenue	54,373	117,255	55,524	112,827
International \| Direct-to-consumer
Disaggregation of Revenue
Disaggregated revenue	71,470	184,500	69,102	170,812
International \| Royalty income
Disaggregation of Revenue
Disaggregated revenue	$ 719	2,255	$ 664	2,764
ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Basic and diluted net income (USD per share)						$ 0.01
Net sales		(186)		(480)	92	$ (637)
Cost of goods sold		84		110	52	(7)
Income before income taxes		(270)		(590)	40	(630)
Net income		$ (170)		$ (371)	$ 84	$ (397)
Basic net income per common share (USD per share)		$ 0.00		$ (0.01)	$ 0.00	$ (0.01)
Diluted net income per common share (USD per share)		$ 0.00		$ (0.01)	$ 0.00	$ 0.00
Other current assets		$ 50,956		$ 50,956	$ 52,935
Total current assets		1,051,973		1,051,973	1,020,712
Total assets		2,106,936		2,106,936	2,071,042
Other current liabilities		137,114		137,114	149,134
Total current liabilities		330,992		330,992	331,248
Deferred income taxes		138,161		138,161	84,944
Total liabilities		1,335,105		1,335,105	1,213,626
Retained earnings		797,853		797,853	886,037
Total retained earnings		797,853		797,853	886,037
Total stockholders' equity		771,831		771,831	857,416
Total liabilities and stockholders' equity		2,106,936		2,106,936	2,071,042
Unredeemed customer loyalty program points reserve		2,900		2,900	3,000
Gift card liabilities		200		200	400
Cumulative Effect on Retained Earnings, Net of Tax						$ 600	$ 600
Contract Liabilities
Unredeemed customer loyalty program points reserve		2,900		2,900	3,000
ASC 606 \| As Previously Reported
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Other current assets		48,083		48,083	49,892
Total current assets		1,049,100		1,049,100	1,017,669
Total assets		2,104,063		2,104,063	2,067,999
Other current liabilities		134,031		134,031	146,510
Total current liabilities		327,909		327,909	328,624
Deferred income taxes		138,239		138,239	84,848
Total liabilities		1,332,100		1,332,100	1,210,906
Retained earnings		797,985		797,985	885,714
Total retained earnings		797,985		797,985	885,714
Total stockholders' equity		771,963		771,963	857,093
Total liabilities and stockholders' equity		2,104,063		2,104,063	2,067,999
ASC 606 \| ASC 606 Adoption Adjustments
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Other current assets		2,873		2,873	3,043
Total current assets		2,873		2,873	3,043
Total assets		2,873		2,873	3,043
Other current liabilities		3,083		3,083	2,624
Total current liabilities		3,083		3,083	2,624
Deferred income taxes		(78)		(78)	96
Total liabilities		3,005		3,005	2,720
Retained earnings		(132)		(132)	323
Total retained earnings		(132)		(132)	323
Total stockholders' equity		(132)		(132)	323
Total liabilities and stockholders' equity		$ 2,873		$ 2,873	$ 3,043

BUSINESS ACQUISITIONS IN FISCAL 2017 (Skip Hop Acquisition) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		10 Months Ended	12 Months Ended
	Jul. 01, 2017	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Dec. 30, 2017	Dec. 30, 2017	Feb. 23, 2017
Business Acquisition [Line Items]
Goodwill		$ 229,611	$ 234,193	$ 229,611	$ 234,193	$ 230,424	$ 230,424
Acquisition-related costs		$ 0	800	$ 0	3,300
Skip Hop [Member]
Business Acquisition [Line Items]
Percentage of voting interests acquired								100.00%
Preliminary purchase price						142,500
Cash Acquired						800
Goodwill						46,000	46,000
Intangible Assets						104,100	104,100
Tangible Assets						53,900	53,900
Liabilities Assumed						20,800	20,800
Deferred income tax liabilities						$ 36,300	36,300
Contingent Consideration							$ 3,600
Provisional Amounts [Member] \| Skip Hop [Member]
Business Acquisition [Line Items]
Preliminary purchase price	$ 147,300
Cash Acquired	$ 800
Goodwill			54,200		54,200
Intangible Assets			92,700		92,700
Tangible Assets			54,900		54,900
Liabilities Assumed			20,200		20,200
Deferred income tax liabilities			$ 35,900		$ 35,900

BUSINESS ACQUISITIONS IN FISCAL 2017 (Acquisition of Mexican Licensee) (Details) - USD ($) $ in Thousands	Sep. 29, 2018	Dec. 30, 2017	Sep. 30, 2017	Aug. 01, 2017
Business Acquisition [Line Items]
Goodwill	$ 229,611	$ 230,424	$ 234,193
Mexican Licensee [Member]
Business Acquisition [Line Items]
Inventory	8,000			$ 8,300
Intangible Assets	3,500			3,500
Goodwill	$ 6,300			$ 6,200

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Dec. 30, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive loss	$ (32,318)	$ (26,496)	$ (32,318)	$ (26,496)	$ (29,093)
Foreign currency translation adjustments	3,213	4,157	(3,225)	8,244
Cumulative Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive loss	(24,510)	(19,380)	(24,510)	(19,380)	(21,285)
Pension and Post-retirement Liability Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive loss	$ (7,808)	$ (7,116)	(7,808)	(7,116)	(7,808)
Tax impact			$ 4,400	$ 4,200	$ 4,400

GOODWILL AND INTANGIBLE ASSETS (Details) - USD ($)	3 Months Ended		9 Months Ended
GOODWILL AND INTANGIBLE ASSETS (Details) - USD ($)	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Dec. 30, 2017
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	$ 229,611,000	$ 234,193,000	$ 229,611,000	$ 234,193,000	$ 230,424,000
Goodwill, Net amount	229,611,000	234,193,000	229,611,000	234,193,000	230,424,000
Finite intangible assets, Gross amount		48,176,000		48,176,000
Finite intangible assets, Accumulated amortization		1,554,000		1,554,000
Finite-Lived Intangible Assets, Net		46,622,000		46,622,000
Amortization costs	900,000	800,000	2,800,000	1,700,000
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	3,751,000.000		3,751,000.000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	3,751,000		3,751,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	3,751,000		3,751,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	3,751,000		3,751,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	3,708,000		3,708,000
Carter's Goodwill [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	136,570,000	136,570,000	136,570,000	136,570,000	136,570,000
Goodwill, Net amount	136,570,000	136,570,000	136,570,000	136,570,000	136,570,000
Canada Acquisition Goodwill [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	41,074,000	42,514,000	41,074,000	42,514,000	42,223,000
Goodwill, Net amount	41,074,000	42,514,000	41,074,000	42,514,000	42,223,000
Skip Hop Goodwill [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	45,976,000	49,190,000	45,976,000	49,190,000	45,997,000
Goodwill, Net amount	45,976,000	49,190,000	45,976,000	49,190,000	45,997,000
Carters Mexico [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	5,991,000	5,919,000	5,991,000	5,919,000	5,634,000
Goodwill, Net amount	5,991,000	5,919,000	5,991,000	5,919,000	5,634,000
Carter's Tradename [Member]
Goodwill and Other Intangible Assets [Line Items]
Indefinite intangible assets	220,233,000	220,233,000	220,233,000	220,233,000	220,233,000
Oshkosh Trade Name [Member]
Goodwill and Other Intangible Assets [Line Items]
Indefinite intangible assets	85,500,000	85,500,000	85,500,000	85,500,000	85,500,000
Skip Hop Trade Name [Member]
Goodwill and Other Intangible Assets [Line Items]
Indefinite intangible assets	56,800,000	56,800,000	56,800,000	56,800,000	56,800,000
Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Finite intangible assets, Accumulated amortization	690,000	38,978,000	690,000	38,978,000	532,000
Intangible assets, Gross amount	366,444,000	404,573,000	366,444,000	404,573,000	366,083,000
Indefinite-lived trademarks	365,754,000	365,595,000	365,754,000	365,595,000	365,551,000
Other Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Finite intangible assets, Gross amount	3,911,000	42,040,000	3,911,000	42,040,000	3,550,000
Finite intangible assets, Accumulated amortization	690,000	38,978,000	690,000	38,978,000	532,000
Finite-Lived Intangible Assets, Net	3,221,000	3,062,000	3,221,000	3,062,000	3,018,000
Customer Relationships [Member]
Goodwill and Other Intangible Assets [Line Items]
Finite intangible assets, Gross amount	50,589,000		50,589,000		50,435,000
Finite intangible assets, Accumulated amortization	5,064,000		5,064,000		2,439,000
Finite-Lived Intangible Assets, Net	45,525,000		$ 45,525,000		47,996,000
Skip Hop Customer Relationships [Member]
Goodwill and Other Intangible Assets [Line Items]
Weighted-average useful life			15 years
Finite intangible assets, Gross amount	47,300,000	44,800,000	$ 47,300,000	44,800,000	47,300,000
Finite intangible assets, Accumulated amortization	4,686,000	1,554,000	4,686,000	1,554,000	2,304,000
Finite-Lived Intangible Assets, Net	42,614,000	43,246,000	$ 42,614,000	43,246,000	44,996,000
Carters Mexico Customer Relationships [Member]
Goodwill and Other Intangible Assets [Line Items]
Weighted-average useful life			10 years
Finite intangible assets, Gross amount	3,289,000	3,376,000	$ 3,289,000	3,376,000	3,135,000
Finite intangible assets, Accumulated amortization	378,000	0	378,000	0	135,000
Finite-Lived Intangible Assets, Net	$ 2,911,000	$ 3,376,000	$ 2,911,000	$ 3,376,000	$ 3,000,000
Minimum \| Other Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Weighted-average useful life			5 years
Maximum \| Other Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Weighted-average useful life			20 years

COMMON STOCK (Share Repurchases) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Stockholders' Equity Note [Abstract]
Remaining capacity under authorization	$ 440,100		$ 440,100
Number of shares repurchased (shares)	543,793	596,178	1,364,420	1,727,587
Aggregate cost of shares repurchased	$ 56,401	$ 52,742	$ 145,493	$ 150,974
Average price per share (USD per share)	$ 103.72	$ 88.47	$ 106.63	$ 87.39
Dividend declared per common share (USD per share)	$ 0.45	$ 0.37	$ 1.35	$ 1.11

LONG-TERM DEBT (Schedule of Long Term Debt) (Details) - USD ($) $ in Thousands	Sep. 29, 2018	Dec. 30, 2017	Sep. 30, 2017
Debt Instrument [Line Items]
Long-term debt	$ 798,020	$ 617,306	$ 687,074
Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	400,000	400,000	400,000
Less unamortized issuance-related costs for senior notes	(2,980)	(3,694)	(3,926)
Senior notes, net	397,020	396,306	396,074
Secured revolving credit facility [Member]
Debt Instrument [Line Items]
Long-term debt	$ 401,000	$ 221,000	$ 291,000

LONG-TERM DEBT (Details)		3 Months Ended	9 Months Ended
LONG-TERM DEBT (Details)	Aug. 25, 2017 USD ($)	Sep. 29, 2018 USD ($)	Sep. 29, 2018 USD ($)	Dec. 30, 2017 USD ($)	Sep. 30, 2017 USD ($)	Aug. 22, 2017 USD ($)
Debt Instrument [Line Items]
Long-term debt		$ 798,020,000	$ 798,020,000	$ 617,306,000	$ 687,074,000
Outstanding letters of credit		$ 4,500,000	$ 4,500,000
LIBOR [Member]
Debt Instrument [Line Items]
Interest rate (as a percentage)		1.375%	1.375%
LIBOR [Member] \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		1.125%
LIBOR [Member] \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		1.875%
Base Rate [Member] \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		0.125%
Base Rate [Member] \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		0.875%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term debt		$ 401,000,000	$ 401,000,000	221,000,000	291,000,000
Available for future borrowing		$ 344,500,000	$ 344,500,000
Revolving Credit Facility [Member] \| LIBOR [Member]
Debt Instrument [Line Items]
Description of variable rate basis			LIBOR
Revolving Credit Facility [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Interest rate (as a percentage)		0.375%	0.375%
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, face amount		$ 400,000,000	$ 400,000,000
Debt issuance costs		2,980,000	2,980,000	3,694,000	3,926,000
Long-term debt		$ 400,000,000	$ 400,000,000	$ 400,000,000	$ 400,000,000
Interest rate (as a percentage)		5.25%	5.25%
United States of America, Dollars \| Revolving Credit Facility [Member] \| LIBOR [Member]
Debt Instrument [Line Items]
Effective interest rate (as a percentage)		3.58%	3.58%
Amended Credit Facility [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	2.25
Amended Credit Facility [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, face amount						$ 750,000,000
Maximum borrowing capacity	$ 425,000,000
Amended Credit Facility [Member] \| United States Dollar Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, face amount						650,000,000
Maximum borrowing capacity	350,000,000
Amended Credit Facility [Member] \| United States Dollar Credit Facility [Member] \| Letters of Credit [Member]
Debt Instrument [Line Items]
Short-term debt						100,000,000
Amended Credit Facility [Member] \| United States Dollar Credit Facility [Member] \| Swing Line [Member]
Debt Instrument [Line Items]
Short-term debt						70,000,000
Amended Credit Facility [Member] \| Multicurrency Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, face amount						100,000,000
Maximum borrowing capacity	$ 75,000,000
Amended Credit Facility [Member] \| Multicurrency Revolving Credit Facility [Member] \| Letters of Credit [Member]
Debt Instrument [Line Items]
Short-term debt						40,000,000
Amended Credit Facility [Member] \| Multicurrency Revolving Credit Facility [Member] \| Swing Line [Member]
Debt Instrument [Line Items]
Short-term debt						$ 15,000,000

STOCK-BASED COMPENSATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
STOCK-BASED COMPENSATION (Details) - USD ($) $ in Thousands	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 1,844	$ 3,805	$ 12,110	$ 13,451
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	1,148	983	3,604	3,182
Time-based restricted stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	1,881	1,706	5,989	5,668
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	(1,185)	1,116	1,314	3,419
Allocated Share-based Compensation Expense	2,500
Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 0	$ 0	$ 1,203	$ 1,182

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
INCOME TAXES (Details) - USD ($) $ in Millions	Sep. 29, 2018	Sep. 29, 2018	Dec. 30, 2017	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Gross unrecognized tax benefits	$ 15.3	$ 15.3
Unrecognized tax benefits that if recognized would impact effective tax rate	12.9	12.9
Reserves for unrecognized tax benefits	2.0	2.0
Interest Expense on Uncertain Tax Positions	0.6
Interest accrued on uncertain tax positions	$ 1.9	$ 1.9	$ 1.0	$ 1.1
Effective income tax rate		22.00%
Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Transition Tax For Accumulated Foreign Earnings, Provisional Income Tax Expense			$ 10.4

FAIR VALUE MEASUREMENTS Fair Value measurements (Hierarchy) (Details) - USD ($)	Sep. 29, 2018	Dec. 30, 2017	Sep. 30, 2017
Fair Value, Inputs, Level 1 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Investments	$ 17,600,000	$ 16,700,000	$ 15,700,000
Foreign exchange forward contracts	0	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Investments	0	0	0
Foreign exchange forward contracts	0	0	200,000
Fair Value, Inputs, Level 3 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Investments	0	0	0
Foreign exchange forward contracts	$ 0	$ 0	$ 0

- Definition

Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method.

+ References + Details

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Investments) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Gain (Loss) on Investments	$ 0.7	$ 0.4	$ 0.9	$ 1.6

- Definition

This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments.

+ References + Details

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Contingent Consideration) (Details) $ in Millions	12 Months Ended
	Dec. 30, 2017 USD ($)
Skip Hop [Member]
Business Acquisition, Contingent Consideration [Line Items]
Contingent Consideration Credit	$ 3.6

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Borrowings) (Details) - USD ($)	Sep. 29, 2018	Dec. 30, 2017	Sep. 30, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 798,020,000	$ 617,306,000	$ 687,074,000
Secured revolving credit facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	401,000,000	221,000,000	291,000,000
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	400,000,000	$ 400,000,000	$ 400,000,000
Debt Instrument, face amount	400,000,000
Fair Value [Member] \| Fair Value, Inputs, Level 2 [Member] \| Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 406,000,000

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding	45,990,039	47,303,074	46,399,746	47,829,794
Dilutive effect of equity awards	490,283	541,325	538,422	549,213
Diluted number of common and common equivalent shares outstanding	46,480,322	47,844,399	46,938,168	48,379,007
Basic net income per common share (in thousands, except per share data):
Net income	$ 71,770	$ 82,316	$ 151,506	$ 166,703
Income allocated to participating securities	(540)	(651)	(1,142)	(1,311)
Net income available to common shareholders	$ 71,230	$ 81,665	$ 150,364	$ 165,392
Basic net income per common share (USD per share)	$ 1.55	$ 1.73	$ 3.24	$ 3.46
Diluted net income per common share (in thousands, except per share data):
Net income	$ 71,770	$ 82,316	$ 151,506	$ 166,703
Income allocated to participating securities	(536)	(645)	(1,134)	(1,301)
Net income available to common shareholders	$ 71,234	$ 81,671	$ 150,372	$ 165,402
Diluted net income per common share (USD per share)	$ 1.53	$ 1.71	$ 3.20	$ 3.42
Anti-dilutive shares (in shares)	326,129	662,130	266,646	618,826

OTHER CURRENT AND LONG-TERM LIABILITIES (Other Current Liabilities) (Details) - USD ($) $ in Thousands	Sep. 29, 2018	Dec. 30, 2017	Sep. 30, 2017
Other Liabilities Disclosure [Abstract]
Accrued bonuses and incentive compensation	$ 6,286	$ 27,566	$ 9,328
Income taxes payable	21,124	16,252	28,393
Accrued employee benefits	13,987	21,735	12,503
Accrued and deferred rent	$ 19,137	$ 18,213	$ 18,160

OTHER CURRENT AND LONG-TERM LIABILITIES (Other Long-Term Liabilities) (Details) - USD ($) $ in Thousands	Sep. 29, 2018	Dec. 30, 2017	Sep. 30, 2017
Other Liabilities Disclosure [Abstract]
Deferred lease incentives	$ 75,331	$ 75,104	$ 76,599

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Net sales	$ 923,907	$ 948,046	$ 2,375,890	$ 2,372,624
Operating Income (Loss)	$ 103,557	$ 130,448	$ 220,837	$ 273,215
Operating income (loss) as percentage of segment net sales	11.20%	13.80%	9.30%	11.50%
Provisions for doubtful accounts receivable from customers			$ 15,547	$ 3,723
Direct sourcing initiative	$ 0	$ 100	0	300
Acquisition-related costs	0	800	0	3,300
Skip Hop [Member]
Segment Reporting Information [Line Items]
Acquisition contingency fair value adjustment	0	3,600	0	3,600
Wholesale
Segment Reporting Information [Line Items]
Provisions for doubtful accounts receivable from customers			12,800
Retail
Segment Reporting Information [Line Items]
Insurance Recoveries			400
International
Segment Reporting Information [Line Items]
Operating Income (Loss)			3,500
Wholesale, Retail and International Segment [Member] \| Skip Hop [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)		400		800
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	$ 923,907	$ 948,046	$ 2,375,890	$ 2,372,624
Percentage of total net sales	100.00%	100.00%	100.00%	100.00%
Operating Segments [Member] \| Wholesale
Segment Reporting Information [Line Items]
Net sales	$ 338,963	$ 369,577	$ 1,244,863	$ 1,209,143
Percentage of total net sales	36.70%	39.00%	52.40%	50.90%
Operating Income (Loss)	$ 47,139	$ 55,519	$ 122,086	$ 127,441
Operating income (loss) as percentage of segment net sales	10.30%	12.20%	9.80%	10.50%
Operating Segments [Member] \| Retail
Segment Reporting Information [Line Items]
Net sales	$ 459,101	$ 453,843	$ 829,272	$ 879,842
Percentage of total net sales	49.70%	47.90%	34.90%	37.10%
Operating Income (Loss)	$ 67,785	$ 78,572	$ 148,395	$ 184,073
Operating income (loss) as percentage of segment net sales	20.00%	21.30%	17.90%	20.90%
Operating Segments [Member] \| International
Segment Reporting Information [Line Items]
Net sales	$ 125,843	$ 124,626	$ 301,755	$ 283,639
Percentage of total net sales	13.60%	13.10%	12.70%	12.00%
Operating Income (Loss)	$ 12,434	$ 16,726	$ 20,508	$ 28,008
Operating income (loss) as percentage of segment net sales	9.90%	13.40%	6.80%	9.90%
Corporate [Member]
Segment Reporting Information [Line Items]
Corporate expenses	$ (23,801)	$ (20,369)	$ (70,152)	$ (66,307)

GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Balance Sheets) (Details) - USD ($) $ in Thousands	Sep. 29, 2018	Dec. 30, 2017	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 123,898	$ 178,494	$ 105,370	$ 299,358
Accounts receivable, net	293,489	240,561	285,651
Intercompany receivable	0	0	0
Finished goods inventories	692,985	548,722	609,996
Prepaid expenses and other current assets	57,000	52,935	50,956
Total current assets	1,167,372	1,020,712	1,051,973
Property, plant, and equipment, net of accumulated depreciation of $450,460, $404,173, and $387,041, respectively	360,718	377,924	382,014
Goodwill	229,611	230,424	234,193
Tradenames, net	365,754	365,551	365,595
Customer relationships, net	45,525	47,996	46,622
Other assets	28,966	28,435	26,539
Intercompany long-term receivable	0	0	0
Intercompany long-term note receivable	0	0	0
Investment in subsidiaries	0	0	0
Total assets	2,197,946	2,071,042	2,106,936
Current liabilities:
Accounts payable	185,285	182,114	193,878
Intercompany payables	0	0	0
Other current liabilities	133,021	149,134	137,114
Total current liabilities	318,306	331,248	330,992
Long-term debt, net	798,020	617,306	687,074
Deferred income taxes	87,888	84,944	138,161
Intercompany long-term liability	0	0	0
Intercompany long-term note payable	0	0	0
Other long-term liabilities	182,547	180,128	178,878
Total stockholders' equity	811,185	857,416	771,831
Total liabilities and stockholders' equity	2,197,946	2,071,042	2,106,936
Consolidation, Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	0	0	0
Intercompany receivable	(302,491)	(308,689)	(264,334)
Finished goods inventories	(32,819)	(20,468)	(21,829)
Prepaid expenses and other current assets	0	0	0
Total current assets	(335,310)	(329,157)	(286,163)
Property, plant, and equipment, net of accumulated depreciation of $450,460, $404,173, and $387,041, respectively	0	0	0
Goodwill	0	0	0
Tradenames, net	0	0	0
Customer relationships, net	0	0	0
Other assets	0	0	0
Intercompany long-term receivable	(490,514)	(441,294)	(411,787)
Intercompany long-term note receivable	(100,000)	(100,000)	(100,000)
Investment in subsidiaries	(2,212,218)	(2,142,634)	(1,959,499)
Total assets	(3,138,042)	(3,013,085)	(2,757,449)
Current liabilities:
Accounts payable	0	0	0
Intercompany payables	(302,491)	(308,689)	(264,334)
Other current liabilities	0	0	0
Total current liabilities	(302,491)	(308,689)	(264,334)
Long-term debt, net	0	0	0
Deferred income taxes	0	0	0
Intercompany long-term liability	(490,514)	(441,294)	(411,787)
Intercompany long-term note payable	(100,000)	(100,000)	(100,000)
Other long-term liabilities	0	0	0
Total stockholders' equity	(2,245,037)	(2,163,102)	(1,981,328)
Total liabilities and stockholders' equity	(3,138,042)	(3,013,085)	(2,757,449)
Parent [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	0	0	0
Intercompany receivable	0	0	0
Finished goods inventories	0	0	0
Prepaid expenses and other current assets	0	0	0
Total current assets	0	0	0
Property, plant, and equipment, net of accumulated depreciation of $450,460, $404,173, and $387,041, respectively	0	0	0
Goodwill	0	0	0
Tradenames, net	0	0	0
Customer relationships, net	0	0	0
Other assets	0	0	0
Intercompany long-term receivable	0	0	0
Intercompany long-term note receivable	0	0	0
Investment in subsidiaries	811,185	857,416	771,831
Total assets	811,185	857,416	771,831
Current liabilities:
Accounts payable	0	0	0
Intercompany payables	0	0	0
Other current liabilities	0	0	0
Total current liabilities	0	0	0
Long-term debt, net	0	0	0
Deferred income taxes	0	0	0
Intercompany long-term liability	0	0	0
Intercompany long-term note payable	0	0	0
Other long-term liabilities	0	0	0
Total stockholders' equity	811,185	857,416	771,831
Total liabilities and stockholders' equity	811,185	857,416	771,831
Subsidiary Issuer [Member]
Current assets:
Cash and cash equivalents	70,518	129,463	56,715	229,056
Accounts receivable, net	235,167	182,944	229,425
Intercompany receivable	131,518	87,702	113,950
Finished goods inventories	385,969	296,065	311,260
Prepaid expenses and other current assets	21,690	17,012	18,339
Total current assets	844,862	713,186	729,689
Property, plant, and equipment, net of accumulated depreciation of $450,460, $404,173, and $387,041, respectively	137,709	147,858	149,889
Goodwill	136,570	136,570	136,570
Tradenames, net	223,117	223,251	223,295
Customer relationships, net	0	0	0
Other assets	25,422	23,884	23,274
Intercompany long-term receivable	0	0	0
Intercompany long-term note receivable	100,000	100,000	100,000
Investment in subsidiaries	1,117,864	1,053,224	983,575
Total assets	2,585,544	2,397,973	2,346,292
Current liabilities:
Accounts payable	121,721	115,658	120,892
Intercompany payables	164,290	215,573	148,416
Other current liabilities	40,703	11,805	45,656
Total current liabilities	326,714	343,036	314,964
Long-term debt, net	798,020	617,306	687,074
Deferred income taxes	45,480	46,619	70,290
Intercompany long-term liability	490,514	441,294	411,787
Intercompany long-term note payable	0	0	0
Other long-term liabilities	80,812	71,834	68,517
Total stockholders' equity	844,004	877,884	793,660
Total liabilities and stockholders' equity	2,585,544	2,397,973	2,346,292
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	19,755	10,030	17,771	11,817
Accounts receivable, net	38,986	40,286	37,165
Intercompany receivable	123,104	162,007	114,420
Finished goods inventories	261,141	206,556	245,934
Prepaid expenses and other current assets	23,431	21,354	22,342
Total current assets	466,417	440,233	437,632
Property, plant, and equipment, net of accumulated depreciation of $450,460, $404,173, and $387,041, respectively	185,203	189,511	192,065
Goodwill	45,368	45,368	48,566
Tradenames, net	142,637	142,300	142,300
Customer relationships, net	42,614	44,996	43,246
Other assets	1,690	2,392	1,533
Intercompany long-term receivable	490,514	441,294	411,787
Intercompany long-term note receivable	0	0	0
Investment in subsidiaries	283,169	231,994	204,093
Total assets	1,657,612	1,538,088	1,481,222
Current liabilities:
Accounts payable	45,351	49,313	54,334
Intercompany payables	132,713	91,697	111,972
Other current liabilities	75,358	122,989	78,381
Total current liabilities	253,422	263,999	244,687
Long-term debt, net	0	0	0
Deferred income taxes	41,820	37,647	66,972
Intercompany long-term liability	0	0	0
Intercompany long-term note payable	100,000	100,000	100,000
Other long-term liabilities	88,860	92,570	95,329
Total stockholders' equity	1,173,510	1,043,872	974,234
Total liabilities and stockholders' equity	1,657,612	1,538,088	1,481,222
Non-Guarantors Subsidiaries [Member]
Current assets:
Cash and cash equivalents	33,625	39,001	30,884	$ 58,485
Accounts receivable, net	19,336	17,331	19,061
Intercompany receivable	47,869	58,980	35,964
Finished goods inventories	78,694	66,569	74,631
Prepaid expenses and other current assets	11,879	14,569	10,275
Total current assets	191,403	196,450	170,815
Property, plant, and equipment, net of accumulated depreciation of $450,460, $404,173, and $387,041, respectively	37,806	40,555	40,060
Goodwill	47,673	48,486	49,057
Tradenames, net	0	0	0
Customer relationships, net	2,911	3,000	3,376
Other assets	1,854	2,159	1,732
Intercompany long-term receivable	0	0	0
Intercompany long-term note receivable	0	0	0
Investment in subsidiaries	0	0	0
Total assets	281,647	290,650	265,040
Current liabilities:
Accounts payable	18,213	17,143	18,652
Intercompany payables	5,488	1,419	3,946
Other current liabilities	16,960	14,340	13,077
Total current liabilities	40,661	32,902	35,675
Long-term debt, net	0	0	0
Deferred income taxes	588	678	899
Intercompany long-term liability	0	0	0
Intercompany long-term note payable	0	0	0
Other long-term liabilities	12,875	15,724	15,032
Total stockholders' equity	227,523	241,346	213,434
Total liabilities and stockholders' equity	$ 281,647	$ 290,650	$ 265,040

GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Condensed Income Statements, Captions [Line Items]
Net sales	$ 923,907	$ 948,046	$ 2,375,890	$ 2,372,624
Cost of goods sold	536,457	544,468	1,346,005	1,350,107
Gross profit	387,450	403,578	1,029,885	1,022,517
Selling, general, and administrative expenses	294,117	283,480	837,621	781,420
Royalty income, net	10,224	10,350	28,573	32,118
Operating income	103,557	130,448	220,837	273,215
Interest expense	9,868	8,061	25,790	22,359
Interest income	(84)	(41)	(474)	(259)
(Income) loss in subsidiaries	0	0	0	0
Other expense (income), net	(66)	(815)	528	(1,580)
Income before income taxes	93,839	123,243	194,993	252,695
Provision for income taxes	22,069	40,927	43,487	85,992
Net income	71,770	82,316	151,506	166,703
Consolidation, Eliminations [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	(272,276)	(251,353)	(678,357)	(596,827)
Cost of goods sold	(258,262)	(236,323)	(650,965)	(582,782)
Gross profit	(14,014)	(15,030)	(27,392)	(14,045)
Selling, general, and administrative expenses	(7,815)	(8,767)	(24,250)	(25,986)
Royalty income, net	(3,611)	(3,396)	(9,209)	(7,970)
Operating income	(9,810)	(9,659)	(12,351)	3,971
Interest expense	(1,327)	(1,327)	(3,981)	(3,981)
Interest income	1,327	1,327	3,981	3,981
(Income) loss in subsidiaries	99,824	97,908	181,945	158,399
Other expense (income), net	0	0	0	0
Income before income taxes	(109,634)	(107,567)	(194,296)	(154,428)
Provision for income taxes	0	0	0	0
Net income	(109,634)	(107,567)	(194,296)	(154,428)
Parent [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	0	0	0	0
Cost of goods sold	0	0	0	0
Gross profit	0	0	0	0
Selling, general, and administrative expenses	0	0	0	0
Royalty income, net	0	0	0	0
Operating income	0	0	0	0
Interest expense	0	0	0	0
Interest income	0	0	0	0
(Income) loss in subsidiaries	(71,770)	(82,316)	(151,506)	(166,703)
Other expense (income), net	0	0	0	0
Income before income taxes	71,770	82,316	151,506	166,703
Provision for income taxes	0	0	0	0
Net income	71,770	82,316	151,506	166,703
Subsidiary Issuer [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	570,007	587,022	1,376,806	1,393,351
Cost of goods sold	424,895	423,433	1,028,751	1,014,968
Gross profit	145,112	163,589	348,055	378,383
Selling, general, and administrative expenses	53,008	49,368	137,246	128,595
Royalty income, net	8,515	8,245	24,043	25,580
Operating income	100,619	122,466	234,852	275,368
Interest expense	9,866	8,013	25,778	22,124
Interest income	(1,329)	(1,330)	(3,999)	(4,169)
(Income) loss in subsidiaries	(6,446)	(4,555)	14,593	23,699
Other expense (income), net	0	(120)	19	(745)
Income before income taxes	98,528	120,458	198,461	234,459
Provision for income taxes	16,948	28,483	34,604	71,727
Net income	81,580	91,975	163,857	162,732
Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	506,994	506,272	1,379,293	1,337,078
Cost of goods sold	309,123	297,858	820,721	783,973
Gross profit	197,871	208,414	558,572	553,105
Selling, general, and administrative expenses	214,036	210,175	626,125	593,544
Royalty income, net	5,320	5,501	13,739	14,508
Operating income	(10,845)	3,740	(53,814)	(25,931)
Interest expense	1,329	1,375	3,983	4,121
Interest income	(2)	0	(2)	0
(Income) loss in subsidiaries	(21,608)	(11,037)	(45,032)	(15,395)
Other expense (income), net	235	123	360	771
Income before income taxes	9,201	13,279	(13,123)	(15,428)
Provision for income taxes	2,755	8,724	1,470	8,271
Net income	6,446	4,555	(14,593)	(23,699)
Non-Guarantors Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	119,182	106,105	298,148	239,022
Cost of goods sold	60,701	59,500	147,498	133,948
Gross profit	58,481	46,605	150,650	105,074
Selling, general, and administrative expenses	34,888	32,704	98,500	85,267
Royalty income, net	0	0	0	0
Operating income	23,593	13,901	52,150	19,807
Interest expense	0	0	10	95
Interest income	(80)	(38)	(454)	(71)
(Income) loss in subsidiaries	0	0	0	0
Other expense (income), net	(301)	(818)	149	(1,606)
Income before income taxes	23,974	14,757	52,445	21,389
Provision for income taxes	2,366	3,720	7,413	5,994
Net income	$ 21,608	$ 11,037	$ 45,032	$ 15,395

GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Condensed Financial Statements, Captions [Line Items]
Net income	$ 71,770	$ 82,316	$ 151,506	$ 166,703
Foreign currency translation adjustments	3,213	4,157	(3,225)	8,244
Comprehensive income	74,983	86,473	148,281	174,947
Consolidation, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	(109,634)	(107,567)	(194,296)	(154,428)
Foreign currency translation adjustments	(9,639)	(12,471)	9,675	(24,732)
Comprehensive income	(119,273)	(120,038)	(184,621)	(179,160)
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	71,770	82,316	151,506	166,703
Foreign currency translation adjustments	3,213	4,157	(3,225)	8,244
Comprehensive income	74,983	86,473	148,281	174,947
Subsidiary Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	81,580	91,975	163,857	162,732
Foreign currency translation adjustments	3,213	4,157	(3,225)	8,244
Comprehensive income	84,793	96,132	160,632	170,976
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	6,446	4,555	(14,593)	(23,699)
Foreign currency translation adjustments	3,213	4,157	(3,225)	8,244
Comprehensive income	9,659	8,712	(17,818)	(15,455)
Non-Guarantors Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	21,608	11,037	45,032	15,395
Foreign currency translation adjustments	3,213	4,157	(3,225)	8,244
Comprehensive income	$ 24,821	$ 15,194	$ 41,807	$ 23,639

GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Cash Flows) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	$ 21,358	$ 117,506
Cash flows from investing activities:
Capital expenditures	(47,844)	(51,656)
Intercompany investing activity	0	0
Acquisitions of businesses, net of cash acquired	96
Disposals and recoveries from property, plant, and equipment	376	0
Acquisition of business, net of cash acquired		(159,365)
Net cash used in investing activities	(47,372)	(211,021)
Cash flows from financing activities:
Intercompany financing activity	0	0
Payment of debt issuance costs	(890)	(2,138)
Borrowings under secured revolving credit facility	290,000	200,000
Payments on secured revolving credit facility	(110,000)	(93,965)
Dividends paid	(63,114)	(53,443)
Repurchases of common stock	(145,493)	(150,974)
Withholdings from vestings of restricted stock	(6,747)	(5,654)
Proceeds from exercises of stock options	8,732	5,140
Net cash used in financing activities	(27,512)	(101,034)
Effect of exchange rate changes on cash and cash equivalents	(1,070)	561
Net increase (decrease) in cash and cash equivalents	(54,596)	(193,988)
Cash and cash equivalents, beginning of period	178,494	299,358
Cash and cash equivalents, end of period	123,898	105,370
Consolidation, Eliminations [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	0	0
Cash flows from investing activities:
Capital expenditures	0	0
Intercompany investing activity	(208,607)	(204,421)
Acquisitions of businesses, net of cash acquired	0
Disposals and recoveries from property, plant, and equipment	0
Acquisition of business, net of cash acquired		0
Net cash used in investing activities	(208,607)	(204,421)
Cash flows from financing activities:
Intercompany financing activity	208,607	204,421
Payment of debt issuance costs	0
Borrowings under secured revolving credit facility	0	0
Payments on secured revolving credit facility	0	0
Dividends paid	0	0
Repurchases of common stock	0	0
Withholdings from vestings of restricted stock	0	0
Proceeds from exercises of stock options	0	0
Net cash used in financing activities	208,607	204,421
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Parent [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	0	0
Cash flows from investing activities:
Capital expenditures	0	0
Intercompany investing activity	206,622	204,931
Acquisitions of businesses, net of cash acquired	0
Disposals and recoveries from property, plant, and equipment	0
Acquisition of business, net of cash acquired		0
Net cash used in investing activities	206,622	204,931
Cash flows from financing activities:
Intercompany financing activity	0	0
Payment of debt issuance costs	0	0
Borrowings under secured revolving credit facility	0	0
Payments on secured revolving credit facility	0	0
Dividends paid	(63,114)	(53,443)
Repurchases of common stock	(145,493)	(150,974)
Withholdings from vestings of restricted stock	(6,747)	(5,654)
Proceeds from exercises of stock options	8,732	5,140
Net cash used in financing activities	(206,622)	(204,931)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Subsidiary Issuer [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	(11,296)	53,299
Cash flows from investing activities:
Capital expenditures	(13,121)	(16,678)
Intercompany investing activity	(2,116)	(510)
Acquisitions of businesses, net of cash acquired	0
Disposals and recoveries from property, plant, and equipment	0
Acquisition of business, net of cash acquired		(144,520)
Net cash used in investing activities	(15,237)	(161,708)
Cash flows from financing activities:
Intercompany financing activity	(211,522)	(186,794)
Payment of debt issuance costs	(890)	(2,138)
Borrowings under secured revolving credit facility	290,000	200,000
Payments on secured revolving credit facility	(110,000)	(75,000)
Dividends paid	0	0
Repurchases of common stock	0	0
Withholdings from vestings of restricted stock	0	0
Proceeds from exercises of stock options	0	0
Net cash used in financing activities	(32,412)	(63,932)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	(58,945)	(172,341)
Cash and cash equivalents, beginning of period	129,463	229,056
Cash and cash equivalents, end of period	70,518	56,715
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	(16,349)	54,934
Cash flows from investing activities:
Capital expenditures	(30,056)	(28,867)
Intercompany investing activity	3,024	0
Acquisitions of businesses, net of cash acquired	0
Disposals and recoveries from property, plant, and equipment	369
Acquisition of business, net of cash acquired		746
Net cash used in investing activities	(26,663)	(28,121)
Cash flows from financing activities:
Intercompany financing activity	(12,263)	(20,859)
Payment of debt issuance costs	0
Borrowings under secured revolving credit facility	0	0
Payments on secured revolving credit facility	0	0
Dividends paid	65,000	0
Repurchases of common stock	0	0
Withholdings from vestings of restricted stock	0	0
Proceeds from exercises of stock options	0	0
Net cash used in financing activities	52,737	(20,859)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	9,725	5,954
Cash and cash equivalents, beginning of period	10,030	11,817
Cash and cash equivalents, end of period	19,755	17,771
Non-Guarantors Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	49,003	9,273
Cash flows from investing activities:
Capital expenditures	(4,667)	(6,111)
Intercompany investing activity	1,077	0
Acquisitions of businesses, net of cash acquired	96
Disposals and recoveries from property, plant, and equipment	7
Acquisition of business, net of cash acquired		(15,591)
Net cash used in investing activities	(3,487)	(21,702)
Cash flows from financing activities:
Intercompany financing activity	15,178	3,232
Payment of debt issuance costs	0
Borrowings under secured revolving credit facility	0	0
Payments on secured revolving credit facility	0	(18,965)
Dividends paid	(65,000)	0
Repurchases of common stock	0	0
Withholdings from vestings of restricted stock	0	0
Proceeds from exercises of stock options	0	0
Net cash used in financing activities	(49,822)	(15,733)
Effect of exchange rate changes on cash and cash equivalents	(1,070)	561
Net increase (decrease) in cash and cash equivalents	(5,376)	(27,601)
Cash and cash equivalents, beginning of period	39,001	58,485
Cash and cash equivalents, end of period	$ 33,625	$ 30,884