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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 29, 2018	Feb. 19, 2019	Jun. 30, 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-K
Document Period End Date	Dec. 29, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		45,526,000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 4,867,389,196

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017
Current assets:
Cash and cash equivalents	$ 170,077	$ 178,494
Accounts receivable, net	258,259	240,561
Finished goods inventories	574,226	548,722
Prepaid expenses and other current assets	40,396	52,935
Total current assets	1,042,958	1,020,712
Property, plant, and equipment, net	350,437	377,924
Tradenames, net	365,692	365,551
Goodwill	227,101	230,424
Customer relationships, net	44,511	47,996
Other assets	28,159	28,435
Total assets	2,058,858	2,071,042
Current liabilities:
Accounts payable	199,076	182,114
Other current liabilities	128,345	149,134
Total current liabilities	327,421	331,248
Long-term debt, net	593,264	617,306
Deferred income taxes	87,347	84,944
Other long-term liabilities	181,393	180,128
Total liabilities	1,189,425	1,213,626
Stockholders’ equity:
Preferred stock; par value $.01 per share; 100,000 shares authorized; none issued or outstanding at December 29, 2018 and December 30, 2017	0	0
Common stock, voting; par value $.01 per share; 150,000,000 shares authorized; 45,629,014 and 47,178,346 shares issued and outstanding at December 29, 2018 and December 30, 2017, respectively	456	472
Accumulated other comprehensive loss	(40,839)	(29,093)
Retained earnings	909,816	886,037
Total stockholders’ equity	869,433	857,416
Total liabilities and stockholders’ equity	$ 2,058,858	$ 2,071,042

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 29, 2018	Dec. 30, 2017
Statement of Financial Position [Abstract]
Preferred stock; par value (USD per share)	$ 0.01	$ 0.01
Preferred stock; shares authorized	100,000	100,000
Preferred stock; issued	0	0
Preferred stock; outstanding	0	0
Common stock, voting; par value (USD per share)	$ 0.01	$ 0.01
Common stock, voting; shares authorized	150,000,000	150,000,000
Common stock voting; shares issued	45,629,014	47,178,346
Common stock voting; shares outstanding	45,629,014	47,178,346

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Apr. 02, 2016	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Net sales	$ 1,086,379	$ 923,907	$ 696,197	$ 755,786	$ 1,027,880	$ 948,046	$ 691,751	$ 732,827		$ 3,462,269	$ 3,400,504	$ 3,198,543
Cost of goods sold										1,964,786	1,917,150	1,820,024
Gross profit	467,598	387,450	309,958	332,477	460,837	403,578	303,247	315,692		1,497,483	1,483,354	1,378,519
Royalty income, net	1,086,379	923,907	696,197	755,786	1,027,880	948,046	691,751	732,827		3,462,269	3,400,504	3,198,543
Selling, general, and administrative expenses	307,358	294,117	263,343	280,162	325,508	283,480	250,146	247,794		1,144,980	1,106,928	995,406
Operating income	170,597	103,557	56,970	60,309	146,392	130,448	64,311	78,456		391,433	419,607	425,928
Interest expense										34,569	30,044	27,044
Interest income										(527)	(345)	(563)
Other (income) expense, net										1,416	(1,164)	4,007
Income before income taxes										355,975	391,072	395,440
Provision for income taxes										73,907	88,224	137,731
Net income	$ 130,561	$ 71,770	$ 37,268	$ 42,469	$ 136,144	$ 82,316	$ 37,793	$ 46,595		$ 282,068	$ 302,848	$ 257,709
Basic net income per common share	$ 2.85	$ 1.55	$ 0.80	$ 0.90	$ 2.88	$ 1.73	$ 0.78	$ 0.96		$ 6.06	$ 6.31	$ 5.12
Diluted net income per common share	2.83	1.53	0.79	0.89	$ 2.85	$ 1.71	$ 0.77	0.95		6.00	6.24	5.08
Dividend declared and paid per common share	$ 0.45	$ 0.45	$ 0.45	$ 0.45				$ 0.37		$ 1.80	$ 1.48	$ 1.32
Royalty [Member]
Net sales	$ 10,357	$ 10,224	$ 10,355	$ 7,994	$ 11,063	$ 10,350	$ 11,210	$ 10,558	$ 42,815	$ 38,930	$ 43,181	$ 42,815
Royalty income, net	$ 10,357	$ 10,224	$ 10,355	$ 7,994	$ 11,063	$ 10,350	$ 11,210	$ 10,558	$ 42,815	$ 38,930	$ 43,181	$ 42,815

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 282,068	$ 302,848	$ 257,709
Other comprehensive income:
Unrealized loss on OshKosh defined benefit plan, net of tax benefit of $80, $140, and $400 for the fiscal years 2018, 2017, and 2016, respectively	(281)	(430)	(666)
Unrealized gain (loss) on Carter's post-retirement benefit obligation, net of (tax) or tax benefit of ($70), $70, and ($200) for fiscal years 2018, 2017, and 2016, respectively	214	(262)	331
Foreign currency translation adjustments	(11,679)	6,339	1,962
Total other comprehensive income	(11,746)	5,647	1,627
Comprehensive income	$ 270,322	$ 308,495	$ 259,336

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Pension Plans
Unrealized gain (loss) on OshKosh defined benefit and postretirement plans, tax	$ 80	$ 140	$ 400
Postretirement Benefit
Unrealized gain (loss) on OshKosh defined benefit and postretirement plans, tax	$ (70)	$ 70	$ (200)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net income	$ 282,068	$ 302,848	$ 257,709
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant, and equipment	85,936	81,796	71,522
Amortization of intangible assets	3,717	2,616	1,919
Adjustment and accretion of contingent considerations	0	(3,600)	0
Amortization of debt issuance costs	1,746	1,572	1,461
Non-cash stock-based compensation expense	14,673	17,549	16,847
Unrealized foreign currency exchange loss (gain), net	271	(624)	33
Provisions for doubtful accounts receivable from customers	15,801	4,663	562
Income tax benefit from stock-based compensation	0	0	(4,800)
Loss on disposal of property, plant, and equipment	995	1,572	1,167
Deferred income taxes	(1,018)	(54,936)	1,061
Effect of changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net	(34,448)	(22,709)	4,479
Inventories	(30,646)	(20,922)	(17,482)
Prepaid expenses and other assets	12,121	(21,791)	1,141
Accounts payable and other liabilities	4,982	41,587	33,610
Net cash provided by operating activities	356,198	329,621	369,229
Cash flows from investing activities:
Capital expenditures	(63,783)	(69,473)	(88,556)
Acquisitions of businesses, net of cash acquired		(158,457)	0
Payments for (Proceeds from) Productive Assets	96
Disposals of property, plant, and equipment	380	15	216
Net cash used in investing activities	(63,307)	(227,915)	(88,340)
Cash flows from financing activities:
Payments of debt issuance costs	(968)	(2,119)	0
Borrowings under secured revolving credit facility	290,000	200,000	0
Payments on secured revolving credit facility	(315,000)	(163,965)	0
Repurchases of common stock	(193,028)	(188,762)	(300,445)
Dividends paid	(83,717)	(70,914)	(66,355)
Income tax benefit from stock-based compensation	0	0	4,800
Withholdings of taxes from vesting of restricted stock	(6,830)	(5,753)	(8,673)
Proceeds from exercises of stock options	10,597	8,438	7,166
Net cash used in financing activities	(298,946)	(223,075)	(363,507)
Net effect of exchange rate changes on cash	(2,362)	505	767
Net (decrease) increase in cash and cash equivalents	(8,417)	(120,864)	(81,851)
Cash and cash equivalents, beginning of fiscal year	178,494	299,358	381,209
Cash and cash equivalents, end of fiscal year	$ 170,077	$ 178,494	$ 299,358

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]
Balance at Jan. 02, 2016	$ 875,687	$ 518	$ 0	$ (36,367)	$ 911,536
Balance (in shares) at Jan. 02, 2016		51,764,309
Income tax benefit from stock-based compensation	4,800		4,800
Exercise of stock options	7,166	$ 2	7,164
Exercise of stock options (in shares)		160,200
Withholdings from vesting of restricted stock	(8,673)	$ (1)	(8,672)
Withholdings from vesting of restricted stock (in shares)		(91,629)
Restricted stock activity	0	$ 1	(1)
Restricted stock activity (in shares)		152,413
Stock-based compensation expense	15,662		15,662
Issuance of common stock	1,185		1,185
Issuance of common stock (in shares)		12,758
Repurchases of common stock	(300,445)	$ (31)	(20,138)		(280,276)
Repurchase of common stock (in shares)		(3,049,381)
Cash dividends declared and paid	(66,355)				(66,355)
Comprehensive income	259,336	$ 0	0	1,627
Net income	257,709
Balance at Dec. 31, 2016	788,363	$ 489	0	(34,740)	822,614
Balance (in shares) at Dec. 31, 2016		48,948,670
Exercise of stock options	8,438	$ 2	8,436
Exercise of stock options (in shares)		240,850
Withholdings from vesting of restricted stock	(5,753)	$ (1)	(5,752)
Withholdings from vesting of restricted stock (in shares)		(67,546)
Restricted stock activity	0	$ 2	(2)
Restricted stock activity (in shares)		145,913
Stock-based compensation expense	16,378		16,378
Issuance of common stock	1,171	$ 1	1,170
Issuance of common stock (in shares)		13,860
Repurchases of common stock	(188,762)	$ (21)	(20,230)		(168,511)
Repurchase of common stock (in shares)		(2,103,401)
Cash dividends declared and paid	(70,914)				(70,914)
Comprehensive income	308,495	$ 0	0	5,647
Net income	302,848
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
Exercise of stock options	$ 10,597	$ 3	10,594
Exercise of stock options (in shares)	261,113	261,113
Withholdings from vesting of restricted stock	$ (6,830)	$ (1)	(6,829)
Withholdings from vesting of restricted stock (in shares)		(57,554)
Restricted stock activity	0	$ 1	(1)
Restricted stock activity (in shares)		126,638
Stock-based compensation expense	14,673		14,673
Repurchases of common stock	(193,028)	$ (19)	(18,437)		(174,572)
Repurchase of common stock (in shares)		(1,879,529)
Cash dividends declared and paid	(83,717)				(83,717)
Comprehensive income	270,322		$ 0	(11,746)
Net income	282,068
Balance at Dec. 29, 2018	$ 869,433	$ 456		$ (40,839)	$ 909,816
Balance (in shares) at Dec. 29, 2018	45,629,014	45,629,014

THE COMPANY	12 Months Ended
THE COMPANY	Dec. 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") design, source, and market branded childrenswear under the Carter’s, Child of Mine, Just One You, Precious Firsts, Precious Baby, 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.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 29, 2018

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of Carter's, Inc. and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.

Fiscal Year

The Company's fiscal year ends on the Saturday in December or January nearest the last day of December, resulting in an additional week of results every five or six fiscal years. Fiscal 2018, which ended on December 29, 2018, fiscal 2017, which ended on December 30, 2017, and fiscal 2016, which ended on December 31, 2016, all contained 52 weeks.

Use of Estimates in the Preparation of the Consolidated Financial Statements

The preparation of these consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

As disclosed in Note 2, Significant Accounting Policies, 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.

Foreign Currency Translation and Transactions

Translation adjustments

The functional currency of substantially all of the Company's foreign operations is the local currency in each foreign country. Assets and liabilities are translated into U.S. dollars using the current exchange rates in effect at the balance sheet date, while revenues and expenses are translated at the average exchange rates for the period. The resulting translation adjustments are recorded as a component of accumulated other comprehensive income (loss) within the accompanying consolidated balance sheet.

Transaction adjustments

The Company also recognizes gains and losses on transactions that are denominated in a currency other than the respective entity's functional currency. Foreign currency transaction gains and losses also include intercompany loans with foreign subsidiaries that are of a short-term nature. Foreign currency transaction gains and losses are recognized in earnings, as a separate component of other expense, net, within the consolidated statements of operations.

Foreign Currency Contracts

As part of the Company's overall strategy to manage the level of exposure to the risk of foreign currency exchange rate fluctuations, primarily between the U.S. dollar and the currencies of Canada and Mexico, the Company may use foreign currency forward contracts to hedge purchases that are made in U.S. dollars, primarily for inventory purchases in its Canadian and Mexican operations. As part of this hedging strategy, the Company may use foreign currency forward exchange contracts with maturities of less than 12 months to provide continuing coverage throughout the hedging period. Historically, these contracts were not designated for hedge accounting treatment, and therefore changes in the fair value of these contracts have been recorded in Other (income) expense, net in the Company's consolidated statement of operations. Such foreign currency gains and losses typically include the mark-to-market fair value adjustments at the end of each reporting period related to open contracts, as well as any realized gains and losses on contracts settled during the reporting period. The fair values of any unsettled currency contracts are included in other current assets or other current liabilities on the Company's consolidated balance sheet. On the consolidated statement of cash flows, the Company includes all activity, including cash settlement of any contracts, as a component of cash flows from operations.

Cash and Cash Equivalents

The Company considers all highly liquid investments that have original maturities of three months or less to be cash equivalents. Cash and cash equivalents consist of deposit accounts and cash management funds invested in U. S. government instruments. These investments are stated at cost, which approximates fair value. Cash equivalents also include amounts due from third-party financial institutions for credit and debit card transactions; these amounts typically settle in less than five days.

Concentration of cash deposits risk

As of December 29, 2018, the Company had approximately $170.1 million of cash and cash equivalents in major financial institutions, including approximately $36.7 million in financial institutions located outside of the United States. The Company maintains cash deposits with major financial institutions that exceed the insurance coverage limits provided by the Federal Deposit Insurance Corporation in the U.S. and by similar insurers for deposits located outside the U.S. To mitigate this risk, the Company utilizes a policy of allocating cash deposits among major financial institutions that have been evaluated by the Company and third-party rating agencies as having acceptable risk profiles.

Accounts Receivable

Concentration of credit risk

In fiscal 2018, 2017, and 2016, no one customer accounted for 10% or more of the Company's consolidated net sales.

At December 29, 2018, three wholesale customers each had individual receivable balances in excess of 10% of gross accounts receivable, and the total receivable balances due from these three wholesale customers in the aggregate equaled approximately 40% of total gross trade receivables outstanding. At December 30, 2017, two wholesale customers each had individual receivable balances in excess of 10% of gross accounts receivable, and the total receivable balances due from these two wholesale customers in the aggregate equaled approximately 28% of total gross accounts receivable outstanding.

Valuation Accounts for Wholesale Accounts Receivable

Accounts receivable reserves

The Company's accounts receivable reserves for wholesale customers include an allowance for doubtful accounts and an allowance for chargebacks. The allowance for doubtful accounts includes estimated losses resulting from the inability of its customers to make payments. If the financial condition of a customer were to deteriorate, resulting in an impairment of its ability to make payments, an additional allowance could be required. Past due balances over 90 days are reviewed individually for collectibility. The Company's credit and collections department reviews all other balances regularly. Account balances are charged off against the allowance when it is probable that the receivable will not be recovered. Provisions for the allowance for doubtful accounts are reflected in Selling, general and administrative expenses on the consolidated statement of operations and provisions for chargebacks are reflected as a reduction in Net sales on the consolidated statement of operations.

Sales returns reserves

Except in very limited instances, the Company does not allow its wholesale customers to return goods to the Company.

Inventories

Inventories, which consist primarily of finished goods, are stated approximately at the lower of cost (first-in, first-out basis for wholesale inventory and average cost for retail inventories) or net realizable value. Obsolete, damaged, and excess inventory is carried at net realizable value by establishing reserves after assessing historical recovery rates, current market conditions, and future marketing and sales plans. Rebates, discounts, and other cash consideration received from a vendor related to inventory purchases are reflected as reductions in the cost of the related inventory item, and are therefore reflected in cost of sales when the related inventory item is sold.

Property, Plant, and Equipment

Property, plant, and equipment are stated at cost, less accumulated depreciation and amortization. When fixed assets are sold or otherwise disposed of, the accounts are relieved of the original cost of the assets and the related accumulated depreciation or amortization and any resulting profit or loss is credited or charged to income. For financial reporting purposes, depreciation and amortization are computed on the straight-line method over the estimated useful lives of the assets as follows: buildings and improvements from 15 to 26 years, retail store fixtures, equipment, and computers from 3 to 10 years. Leasehold improvements and fixed assets purchased under capital lease are amortized over the lesser of the asset life or related lease term. The Company capitalizes the cost of its fixtures designed and purchased for use at major wholesale accounts. The cost of these fixtures is amortized over 3 years.

Internal-Use Software

The Company purchases software licenses from external vendors and also develops software internally using Company employees and consultants. Software license costs, including certain costs to internally develop software, that meet the applicable criteria are capitalized while all other costs are expensed as incurred. Capitalized software is depreciated or amortized on the straight-line method over its estimated useful lives, from 3 to 10 years. If a software application does not include a purchased license for the software, such as a cloud-based software application, the arrangement is accounted for as a service contract.

Goodwill and Other Intangible Assets

Annual impairment reviews

The carrying values of the goodwill and indefinite-lived tradename assets are subject to annual impairment reviews which are performed as of the last day of each fiscal year. Additionally, a review for potential impairment is performed whenever significant events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Significant assumptions in the impairment models include estimates of future cash flows, discount rates, and, in the case of tradenames, royalty rates.

Goodwill

The Company performs impairment tests of its goodwill at the reporting unit level. Qualitative and quantitative methods are used to assess for impairment, including the use of discounted cash flows ("income approach") and relevant data from guideline public companies ("market approach").

Under a qualitative assessment, the Company determines if it is "more likely than not" that the fair value of the reporting unit is less than its carrying value. Qualitative factors may include, but are not limited to: macroeconomic conditions, industry and market considerations, cost factors that may have a negative effect on earnings, overall financial performance, and other relevant entity-specific events. If the Company determines that it is "more likely than not" that the fair value of the reporting unit is less than its carrying value, then the Company performs the two-step goodwill impairment test as required. If it is determined that it is "not likely" that the fair value of the reporting unit is less than its carrying value, then no further testing is required and the Company documents the relevant qualitative factors that support the strength in the fair value.

The first step of a quantitative assessment is to compare the fair value of the reporting unit to its carrying value, including goodwill. The Company uses a discounted cash flow model to determine the fair value, using assumptions consistent with those of hypothetical marketplace participants. If the fair value of a reporting unit is less than its carrying value, the second step of the impairment test must be performed. The second step compares the implied fair value of the reporting unit goodwill with the carrying value of that goodwill, in order to determine the amount of the impairment loss and charge to the consolidated statement of operations.

Indefinite-lived tradenames

For indefinite-lived tradenames, the Company may utilize a qualitative assessment, as described above, to determine whether the fair value of an indefinite-lived asset is less than its carrying value. If a quantitative assessment is necessary, the Company determines fair value using a discounted cash flow model that uses the relief-from-royalty method. If the carrying amount exceeds the fair value of the tradename, an impairment charge is recognized in the amount of the excess.

Impairment of Other Long-Lived Assets

The Company reviews other long-lived assets, including property, plant, and equipment, and licensing agreements, for impairment whenever events or changes in circumstances indicate that the carrying amount of such an asset may not be recoverable. Management will determine whether there has been a permanent impairment on such assets held for use in the business by comparing anticipated undiscounted future cash flows from the use and eventual disposition of the asset or asset group to the carrying value of the asset. The amount of any resulting impairment will be calculated by comparing the carrying value to fair value, which may be estimated using the present value of the same cash flows. Long-lived assets that meet the definition of held for sale will be valued at the lower of carrying amount or fair value, less costs to sell.

Deferred Debt Issuance Costs

Debt issuance costs associated with the Company's secured revolving credit facility and senior term notes are deferred and amortized to interest expense over the term of the related debt using the effective interest method. Debt issuance costs associated with Company's senior notes are presented on the Company's consolidated balance sheet as a direct reduction in the carrying value of the associated debt liability. Fees paid to lenders by the Company to obtain its secured revolving credit facility are included within Other assets on the Company's consolidated balance sheet and classified as either current or non-current based on the expiration date of the credit facility.

Fair Value Measurements

The fair value framework requires the Company to categorize certain assets and liabilities into three levels, based upon the assumptions used to price those assets or liabilities. The three levels are defined as follows:



Level 1:	Quoted prices in active markets for identical assets or liabilities.
Level 2:	Quoted prices for similar assets and liabilities in active markets or inputs that are observable.
Level 3:	Unobservable inputs reflecting management's own assumptions about the inputs used in pricing the asset or liability.

The Company measures its pension assets, deferred compensation plan investment assets, and any unsettled foreign currency forward contracts at fair value. The Company's cash and cash equivalents, accounts receivable, and accounts payable are short-term in nature. As such, their carrying value approximates fair value.

The carrying values of the Company’s outstanding borrowings are not required to be remeasured and adjusted to the then-current fair values at the end of each reporting period. Instead, the fair values of the Company's outstanding borrowings are disclosed at the end of each reporting period in Note 8, Long-Term Debt, to the consolidated financial statements. Had the Company been required to remeasure and adjust the carrying values of its outstanding borrowings to fair value at the end of each reporting period, such fair value measurements would have been disclosed as a Level 2 liability in the fair value hierarchy.

Revenue Recognition

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.

The Company records its cooperative advertising arrangements with certain of its major wholesale customers at fair value. Fair value is determined based upon, among other factors, comparable market analysis for similar advertisements. The Company has included the fair value of these arrangements of approximately $3.0 million for fiscal 2018, $3.1 million for fiscal 2017, and $3.7 million for fiscal 2016 as a component of Selling, general, and administrative expenses on the accompanying consolidated statements of operations, rather than as a reduction of net sales. Amounts determined to be in excess of the fair value of these arrangements are recorded as a reduction of Net sales.

Costs of Goods Sold and Selling, General and Administrative Expenses

In addition to the cost of product, cost of goods sold includes expenses related to the merchandising, design, and procurement of product. Also included are outbound shipping costs incurred in the eCommerce channel related to delivery of product to the end consumer. Generally, all other expenses, excluding interest and income taxes, are included in selling, general and administrative ("SG&A") expenses, including distribution expenses. Distribution expenses that are included in SG&A primarily consist of payments to third-party shippers and handling costs to process product through our distribution facilities and delivery to our wholesale customers and to our retail stores. Distribution expenses included in SG&A totaled $188.9 million, $173.5 million, and $153.7 million for fiscal years 2018, 2017, and 2016, respectively.

Definitions of gross profit and gross margin very across the industry and as such, our metrics may not be comparable to other companies.

Income From Royalties and License Fees

The Company licenses the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Carter's little baby basics, and Simple Joys trademarks to other companies for use on baby and young children's products, including bedding, outerwear, sleepwear, shoes, underwear, socks, room décor, toys, stationery, hair accessories, furniture, and related products. These royalties are recorded as earned, based upon the sales of licensed products by licensees and reported as royalty income in the statements of operations.

Advertising Expenses

Costs associated with the production of advertising, such as writing, copy, printing, and other costs, are expensed as incurred. Costs associated with communicating advertising that has been produced, such as magazine costs and eCommerce site banners, are expensed when the advertising event takes place.

Stock-Based Compensation Arrangements

The Company recognizes the cost resulting from all stock-based payment transactions in the financial statements at grant date fair value. Stock-based compensation expense is recognized over the requisite service period, net of estimated forfeitures. During the requisite service period, the Company also recognizes a deferred income tax benefit for the expense recognized for U.S. GAAP. At time of subsequent vesting, exercise, forfeiture, or expiration of an award, the difference between the Company's actual income tax deduction, if any, and the previously accrued income tax benefit is recognized in income tax expense/benefit during the current period.

Stock Options

The Company determines the fair value of stock options using the Black-Scholes option pricing model, which requires the use of the following subjective assumptions:


•	Volatility - This is a measure of the amount by which a stock price has fluctuated or is expected to fluctuate. The Company uses actual monthly historical changes in the market value of its stock covering the expected life of options being valued. An increase in the expected volatility will increase the fair value of the stock option and related compensation expense.


•	Risk-free interest rate - This is the U.S. Treasury rate as of the grant date having a term equal to the expected term of the stock option. An increase in the risk-free interest rate will increase the fair value of the stock option and related compensation expense.

•

Expected term - This is the period of time over which the stock options granted are expected to remain outstanding and is based on historical experience and estimated future exercise behavior. Separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. An increase in the expected term will increase the fair value of the stock option and the related compensation expense.


•	Dividend yield - The Company estimates a dividend yield based on the current dividend amount as a percentage of the current stock price. An increase in the dividend yield will decrease the fair value of the stock option and the related compensation expenses.


•	Forfeitures - The Company estimates forfeitures of stock-based awards based on historical experience and expected future activity.

Changes in these subjective assumptions can materially affect the estimate of fair value of stock-based compensation expense and the related amount recognized in the consolidated statements of operations.

Time-Based Restricted Stock Awards

The fair value of time-based restricted stock awards is determined based on the quoted closing price of the Company's common stock on the date of grant and is recognized as compensation expense over the vesting term of the awards, net of estimated forfeitures.

Performance-Based Restricted Stock Awards

The Company accounts for its performance-based restricted stock awards based on the quoted closing price of the Company's common stock on the date of grant and records stock-based compensation expense over the vesting term of the awards based on the probability that the performance criteria will be achieved, net of estimated forfeitures. The Company reassesses the probability of vesting at each reporting period and adjusts stock-based compensation expense based on its probability assessment.

Stock Awards

The fair value of stock granted to non-management board members is determined based on the quoted closing price of the Company's common stock on the date of grant. The Company records the stock-based compensation expense immediately as there are no vesting terms.

Income Taxes

The accompanying consolidated financial statements reflect current and deferred tax provisions, in accordance with ASC 740, Income Taxes. The deferred tax provision is determined under the liability method. Deferred tax assets and liabilities are recognized based on differences between the book and tax bases of assets and liabilities using presently enacted tax rates. Valuation allowances are established when it is "more likely than not" that a deferred tax asset will not be recovered. The provision for income taxes is the sum of the amount of income taxes paid or payable for the year as determined by applying the provisions of enacted tax laws to the taxable income for that year, the net change during the year in deferred tax assets and liabilities, and the net change during the year in any valuation allowances.

The Company assesses its income tax positions and records tax benefits for all years subject to examination based upon management's evaluation of the facts, circumstances, and information available at the reporting dates. A company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. If it is more likely than not that a tax position would not be sustained, then no tax benefit would be recognized. Where applicable, associated interest and penalties are also recorded. Interest is recorded as a component of interest expense and penalties, if any, are recorded within the provision for incomes taxes in the consolidated statements of operations and are classified on the consolidated balance sheets with the related liability for uncertain tax contingency liabilities.

For current and deferred tax provisions, ASC 740 requires an entity to account for the effects of new income tax legislation in the same reporting period that the tax legislation is enacted. Recent tax law changes known as the U.S. Tax Cuts and Jobs Act of 2017 (the "2017 Act") were enacted in the United States on December 22, 2017. The 2017 Act, among other things, reduces the United States federal corporate tax rate from 35% to 21%, requires companies to pay a one-time transition tax ("toll tax") on earnings of certain foreign subsidiaries that were previously tax deferred, and creates new taxes on certain foreign sourced earnings. For the 2017 Act, SEC Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act, permitted the Company to calculate and recognize provisional estimates during the period of enactment (fourth quarter of fiscal 2017) for the accounting of the 2017 Act. Subsequent adjustments to provisional estimates were reflected in the Company's income tax provisions/benefits during fiscal 2018. See Note 12, Income Taxes, to the consolidated financial statements.

Supplemental Cash Flow Information

Interest paid in cash approximated $33.6 million, $28.3 million, and $25.4 million for fiscal years 2018, 2017, and 2016, respectively. Income taxes paid in cash approximated $55.9 million, $132.9 million and $120.6 million for fiscal years 2018, 2017, and 2016, respectively.

Additions to property, plant and equipment of approximately $1.9 million, $1.9 million, and $2.6 million were excluded from capital expenditures on the Company's consolidated statements of cash flows for fiscal years 2018, 2017, and 2016, respectively, since these amounts were accrued and unpaid at the end of each respective fiscal year.

Earnings Per Share

The Company calculates basic and diluted net income per common share under the two-class method for unvested share-based payment awards that contain participating rights to dividends or dividend equivalents (whether paid or unpaid).

Basic net income per share is calculated by dividing net income for the period by the weighted-average common shares outstanding for the period. Diluted net income per share includes the effect of dilutive instruments and uses the average share price for the period in determining the number of shares that are to be added to the weighted-average number of shares outstanding.

Open Market Repurchases of Common Stock

Shares of the Company's common stock that are repurchased by the Company through open market transactions are retired. Through the end of fiscal 2018, all such open market repurchases have been at prices that exceeded the par value of the repurchased common stock, and the amounts of the purchase prices that exceeded par value were charged to additional paid-in capital or to retained earnings if the balance in additional paid-in capital was not sufficient.

Employee Benefit Plans

The Company has several defined benefit plans. Various actuarial methods and assumptions are used in determining net pension and post-retirement costs and obligations. Key assumptions include the discount rate used to determine the present value of future benefits and the expected long-term rate of return on plan assets. The over-funded or under-funded status of the defined benefit plans is recorded as an asset or liability on the consolidated balance sheet. The gains or losses that arise during the period are recognized as a component of comprehensive income, net of tax. These costs are then subsequently recognized as components of net periodic benefit cost in the consolidated statements of operations. Under the provisions of ASU No. 2015-04, Practical Expedient for the Measurement Date of an Employer's Defined Benefit Obligation and Plan Assets, the Company is permitted to use December 31 of each year, as opposed to the Company's last day of each fiscal year, as an alternate measurement date for its defined benefit plans.

Facility Closure and Severance Costs

The Company records severance costs when the appropriate notifications have been made to affected employees or when the decision is made, if the benefits are contractual. When employees are required to work for a period before termination, the severance costs are recognized over the required service period. Relocation and recruitment costs are expensed as incurred. For operating leases, lease termination costs are recognized at fair value at the date the Company ceases to use the leased property, and adjusted for the effects of deferred items recognized under the lease and reduced by estimated sub-lease rental income. Useful lives assigned to fixed assets at the facility to be closed are revised based on the specifics of the exit plan, resulting in accelerated depreciation expense.

Leases and Deferred Rent

The Company enters into a significant number of lease transactions related to properties for its retail stores in addition to leases for offices, distribution facilities, and other uses. The lease agreements may contain provisions related to allowances for property improvements, rent escalation, and free rent periods. Substantially all of these leases are classified as operating leases for accounting purposes.

For property improvement allowances, the Company records a deferred lease credit on the consolidated balance sheet and amortizes the deferred lease credit as a reduction of rent expense over the terms of the applicable lease. For scheduled rent escalation clauses during the lease term, the Company records rent expense on a straight-line basis over the term of the lease. The difference between the rent expense and the amount payable under the lease is included within the Company's liabilities on the consolidated balance sheet. The term of the lease over which the Company amortizes allowances and minimum rental expenses on a straight-line basis begins on the date of initial possession, which is generally when the Company enters the space and/or begins construction.

Where leases provide for contingent rents, which are generally determined as a percentage of gross sales, the Company records additional rent expense when management determines that achieving the specified level of revenue during the fiscal year is probable. Amounts accrued for contingent rent are included within the Company's liabilities on the consolidated balance sheet.

Seasonality

The Company experiences seasonal fluctuations in its sales and profitability due to the timing of certain holidays and key retail shopping periods, typically resulting in lower sales and gross profit in the first half of its fiscal year. Accordingly, the Company's results of operations during the first half of the year may not be indicative of the results for the full year.

Recent Accounting Pronouncements

Adopted in Fiscal 2018

Revenue from Contracts with Customers (ASC No. 606)

Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers ("ASC 606"), was effective for the Company at the beginning of its fiscal 2018. ASC 606 clarifies the principles for recognizing revenue and is applicable to all contracts with customers regardless of industry-specific or transaction-specific fact patterns. Further, the guidance requires improved and additional disclosures to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue that is recognized. Beginning in the first quarter of fiscal 2018, the Company applied the provisions of ASC 606 retrospectively to each prior reporting period presented for fiscal 2017 and fiscal 2016. For all periods prior to fiscal 2016, the adoption of ASC 606 is reported as an adjustment to opening retained earnings at the beginning of fiscal 2016 of approximately $0.6 million. The adoption of ASC 606, including any of the policy elections required or permitted by ASC 606, had no material effect on the Company's consolidated financial position, results of operations, cash flows, processes, systems, or controls.

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 fiscal 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 fiscal 2018.

To Be Adopted After Fiscal 2018

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, as a lessee, certain of the Company’s leases under existing guidance are classified as operating leases that are not recorded on the balance sheet but are recorded in the statement of operations as expense is incurred. Upon adoption of the standard, the Company will be required to record substantially all leases on the balance sheet as a right-of-use ("ROU") asset and a lease liability. The Company expects to utilize the related package of practical expedients permitted by the transition guidance in ASU 2016-02, which allows the Company to carry forward its identification of contracts that are or contain leases, its historical lease classification and its initial direct costs for existing leases. The Company expects to recognize lease liabilities for its operating leases totaling between $800 million and $900 million upon adoption. The initial ROU assets recognized will be equal to the initial operating lease liabilities, adjusted for the balance on adoption date of prepaid and accrued rent, lease incentives and unamortized initial direct costs. The Company currently expects to recognize ROU assets totaling between $650 million and $750 million upon adoption. The Company does not expect adoption of the standard to have a material impact on the Company’s historical capital leases, which will be presented as finance leases under ASU 2016-02. Additionally, the Company does not believe adoption of this standard will have a material effect 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 believes the effect of the adoption of ASU 2018-02 will not be material to the Company's financial position. Further, the Company does not believe the adoption will have an effect on the Company's consolidated 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 is effective for public companies for fiscal years beginning after December 15, 2019 with early adoption permitted for fiscal years beginning after December 15, 2018, 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 impacted 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 public companies is effective for annual and interim impairment tests performed in periods after December 15, 2019. 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.

REVENUE RECOGNITION

12 Months Ended

Dec. 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, Significant Accounting Policies, 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:



	For the fiscal year ended
(dollars in thousands, except per share data)	2017		2016
Net sales	$	92	$	(637	)
Cost of goods sold	$	52	$	(7	)
Income before income taxes	$	40	$	(630	)
Net income	$	84	$	(397	)

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

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.

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 fiscal years 2018, 2017, and 2016 were as follows:



	Fiscal year ended December 29, 2018
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Wholesale channel	$	—	$	1,180,687	$	163,637	$	1,344,324
Direct-to-consumer	1,851,193		—		266,752		$	2,117,945
	$	1,851,193	$	1,180,687	$	430,389	$	3,462,269

Royalty income	$	12,877	$	22,511	$	3,542	$	38,930



	Fiscal year ended December 30, 2017
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Wholesale channel	$	—	$	1,209,663	$	160,850	$	1,370,513
Direct-to-consumer	1,775,378		—		254,613		$	2,029,991
	$	1,775,378	$	1,209,663	$	415,463	$	3,400,504

Royalty income	$	15,541	$	23,767	$	3,873	$	43,181



	Fiscal year ended December 31, 2016
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Wholesale channel	$	—	$	1,178,034	$	133,681	$	1,311,715
Direct-to-consumer	1,655,784		—		231,044		$	1,886,828
	$	1,655,784	$	1,178,034	$	364,725	$	3,198,543

Royalty income	$	12,318	$	25,000	$	5,497	$	42,815

Accounts Receivable from Customers and Licensees

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



(dollars in thousands)	December 29, 2018			December 30, 2017
Trade receivables from wholesale customers, net	$	244,258		$	229,968
Royalties receivable	9,279			9,818
Tenant allowances and other receivables	16,588			14,511
Total gross receivables	$	270,125		$	254,297
Less:
Wholesale accounts receivable reserves	(11,866		)	(13,736		)
Accounts receivable, net	$	258,259		$	240,561

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)	December 29, 2018		December 30, 2017
Contract liabilities-current:
Unredeemed gift cards	$	14,471	$	11,945
Unredeemed customer loyalty rewards	7,764		7,355
Total contract liabilities-current^(*)	$	22,235	$	19,300


*	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 (Notes)	12 Months Ended
BUSINESS ACQUISITIONS (Notes)	Dec. 29, 2018
Business Combinations [Abstract]
BUSINESS ACQUISITIONS	ACQUISITIONS 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. 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 December 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.

PROPERTY, PLANT, AND EQUIPMENT

12 Months Ended

Dec. 29, 2018

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment, net consists of the following:



(dollars in thousands)	December 29, 2018			December 30, 2017
Fixtures, equipment, computer hardware and software	$	425,686		$	430,156
Land, building, and leasehold improvements	348,131			336,981
Marketing fixtures	7,001			7,602
Construction in progress	18,517			7,358
	799,335			782,097
Accumulated depreciation and amortization	(448,898		)	(404,173		)
Total	$	350,437		$	377,924

Depreciation and amortization expense related to property, plant, and equipment was approximately $85.9 million, $81.8 million, and $71.5 million for fiscal years 2018, 2017, and 2016, respectively.

GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 29, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

The following table summarizes the Company’s goodwill and other intangible assets at the end of the fiscal year:



		December 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⁽¹⁾	Indefinite	$	136,570	$	—	$	136,570	$	136,570	$	—	$	136,570
Canada goodwill⁽²⁾	Indefinite	38,869		—		38,869		42,223		—		42,223
Skip Hop goodwill⁽³⁾	Indefinite	45,960		—		45,960		45,997		—		45,997
Carter's Mexico goodwill⁽⁴⁾	Indefinite	5,702		—		5,702		5,634		—		5,634
Total goodwill		$	227,101	$	—	$	227,101	$	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		752		3,159		3,550		532		3,018
Total tradenames, net		$	366,444	$	752	$	365,692	$	366,083	$	532	$	365,551

Skip Hop customer relationships	15 years	$	47,300	$	5,480	$	41,820	$	47,300	$	2,304	$	44,996
Carter's Mexico customer relationships	10 years	3,146		455		2,691		3,135		135		3,000
Total customer relationships, net		$	50,446	$	5,935	$	44,511	$	50,435	$	2,439	$	47,996


(1)	$45.9 million is assigned to the U.S. Wholesale segment, $82.0 million is assigned to the U.S. Retail segment, and $8.6 million is assigned to the International segment.


(2)	Goodwill for Canada (Bonnie Togs) is assigned to the International segment.


(3)	$28.6 million is assigned to the U.S. Wholesale segment, $15.5 million is assigned to the International segment, and $1.9 million is assigned to the U.S. Retail segment.


(4)	Goodwill for Carter's Mexico is assigned to the International segment.

Changes in the carrying values between comparative periods for goodwill related to the Company's 2011 acquisition of its Canadian business (Bonnie Togs) were due to fluctuations in the foreign currency exchange rates between the Canadian and U.S. dollar that were used in the remeasurement process for preparing the Company's consolidated financial statements. The changes in the carrying values of goodwill, customer relationships, and tradename intangible assets for Skip Hop and Carter's Mexico, including the related accumulated amortization, that were not attributable to amortization expense was also impacted by foreign currency exchange rate fluctuations.

Amortization expense for intangible assets subject to amortization was approximately $3.7 million, $2.6 million, and $1.9 million for fiscal years 2018, 2017, and 2016, respectively.

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



(dollars in thousands)	Amortization expense
2019	$	3,732
2020	$	3,732
2021	$	3,732
2022	$	3,732
2023	$	3,690

- 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

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

12 Months Ended

Dec. 29, 2018

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

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

Accumulated other comprehensive (loss) income is summarized as follows:



(dollars in thousands)	Pension liability adjustments			Post-retirement liability adjustments			Cumulative translation adjustments			Accumulated other comprehensive (loss) income
Balance at January 2, 2016	$	(8,185	)	$	1,404		$	(29,586	)	$	(36,367	)
Fiscal year 2016 change	(666		)	331			1,962			1,627
Balance at December 31, 2016	(8,851		)	1,735			(27,624		)	(34,740		)
Fiscal year 2017 change	(430		)	(262		)	6,339			5,647
Balance at December 30, 2017	(9,281		)	1,473			(21,285		)	(29,093		)
Fiscal year 2018 change	(281		)	214			(11,679		)	(11,746		)
Balance at December 29, 2018	$	(9,562	)	$	1,687		$	(32,964	)	$	(40,839	)

As of December 29, 2018 and December 30, 2017, the cumulative tax effect on the pension liability adjustments were $5.4 million and $5.3 million, respectively. As of December 29, 2018 and December 30, 2017, the cumulative tax effect on the post-retirement liability adjustments were approximately $1.0 million for both years. The deferred income taxes associated with these obligations are subject to adjustments upon the Company's adoption of ASC 2018-02. See Note 2, Significant Accounting Policies.

For the fiscal years ended December 29, 2018 and December 30, 2017, amounts reclassified from accumulated other comprehensive loss to the consolidated statements of operations consisted of amortization of actuarial gains and losses related to the Company's defined benefit retirement plans. Such amortization amounts are included in the net periodic cost or benefit recognized for these plans during the respective fiscal year. For additional information, see Note 11, Employee Benefit Plans, to the consolidated financial statements.

LONG-TERM DEBT

12 Months Ended

Dec. 29, 2018

Debt Disclosure [Abstract]

LONG-TERM DEBT

Long-term debt consisted of the following:



(dollars in thousands)	December 29, 2018			December 30, 2017
Senior notes at amounts repayable	$	400,000		$	400,000
Less: unamortized issuance-related costs for senior notes	(2,736		)	(3,694		)
Senior notes, net	$	397,264		$	396,306
Secured revolving credit facility	196,000			221,000
Total long-term debt, net	$	593,264		$	617,306

Senior Notes

During fiscal 2013, the Company's 100% owned subsidiary, TWCC issued $400 million principal amount of senior notes (the "senior notes") at par, bearing interest at a rate of 5.25% per annum, and maturing on August 15, 2021, all of which were outstanding as of December 29, 2018. At issuance, TWCC received net proceeds from the offering of the senior notes of approximately $394.2 million, after deducting bank fees and other related fees. Approximately $7.0 million, including both bank fees and other third party expenses, was capitalized in connection with the issuance and is being amortized over the term of the senior notes.

The senior notes are unsecured and are fully and unconditionally guaranteed by Carter's, Inc. and certain domestic subsidiaries of TWCC. The guarantor subsidiaries are 100% owned directly or indirectly by Carter's, Inc. and all guarantees are joint, several and unconditional.

On and after August 15, 2017, TWCC may redeem all or part of the senior notes at the redemption prices (expressed as percentages of principal amount of the senior notes to be redeemed) set forth below, plus accrued and unpaid interest. The redemption price is applicable when the redemption occurs during the twelve-month period beginning on August 15 of each of the years indicated is as follows:



Year	Percentage
2018	101.31	%
2019 and thereafter	100.00	%

Upon the occurrence of specific kinds of changes of control, unless a redemption notice with respect to all the outstanding senior notes has previously or concurrently been mailed or delivered, TWCC will be required to make an offer to purchase the senior notes at 101% of their principal amount. In addition, if TWCC or any of its restricted subsidiaries engages in certain asset sales, under certain circumstances TWCC will be required to use the net proceeds to make an offer to purchase the senior notes at 100% of their principal amount.

The indenture governing the senior notes includes a number of covenants, that, among other things and subject to certain exceptions, restrict TWCC's ability and the ability of certain of its subsidiaries to: (a) incur, assume or guarantee additional indebtedness; (b) issue disqualified stock and preferred stock; (c) pay dividends or make distributions or other restricted payments; (d) prepay, redeem or repurchase certain debt; (e) make loans and investments (including joint ventures); (f) incur liens; (g) create restrictions on the payment of dividends or other amounts from restricted subsidiaries that are not guarantors of the notes; (h) sell or otherwise dispose of assets, including capital stock of subsidiaries; (i) consolidate or merge with or into, or sell substantially all of TWCC's assets to, another person; (j) designate subsidiaries as unrestricted subsidiaries; and (k) enter into transactions with affiliates. Specific provisions restrict the ability of the Company's operating subsidiary, TWCC, from paying cash dividends to Carter’s, Inc. in excess of $100.0 million plus an additional amount that builds based on 50% of our consolidated net income on a cumulative basis beginning with the third fiscal quarter of 2013 and subject to certain conditions, unless TWCC and its consolidated subsidiaries meet a leverage ratio requirement under the indenture, which could restrict Carter's, Inc. from paying cash dividends on our common stock. Additionally, the terms of the notes contain customary affirmative covenants and provide for events of default which, if certain of them occur, would permit the trustee or the holders of at least 25% in principal amount of the then total outstanding senior notes to declare all amounts owning under the notes to be due and payable. Carter's, Inc. is not subject to these covenants.

Secured Revolving Credit Facility

On August 25, 2017, TWCC and the syndicate of lenders entered into a fourth amended and restated secured revolving credit agreement. This amendment to the secured revolving credit facility provides: (a) an extension of the term of the facility to August 25, 2022 and (b) an increase in the aggregate credit line to $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 provides for incremental borrowing facilities up to $425 million, which are comprised of an incremental $350 million U.S. dollar revolving credit facility and an incremental $75 million multicurrency revolving credit facility. The incremental U.S. dollar revolving credit facility can 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. In connection with the amendment, the Company paid approximately $2.1 million in debt issuance costs. These debt issuance costs, together with existing unamortized debt issuance costs, are being amortized over the five-year remaining term of the 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. In connection with the amendment, the Company paid approximately $1.0 million in debt issuance costs. These newly-incurred debt issuance costs, together with existing unamortized debt issuance costs, are being amortized over the five-year remaining term of the secured revolving credit facility.

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 December 29, 2018 and December 30, 2017, the Company had $196.0 million and $221.0 million in outstanding borrowings under its secured revolving credit facility, respectively, exclusive of $5.0 million and $4.5 million of outstanding letters of credit, respectively. As of December 29, 2018 and December 30, 2017, there were approximately $549.0 million and $524.5 million available for future borrowing, respectively.

As of December 29, 2018, the interest rate margins applicable to the amended revolving credit facility were 1.625% 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 0.625% for base rate loans (which may be adjusted based on a leverage-based pricing grid ranging from 0.125% to 0.875%).

As of December 29, 2018 and December 30, 2017, 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 4.11% and 2.93%, respectively. There were no Canadian borrowings outstanding on December 29, 2018 or December 30, 2017.

Covenants

Subject to certain customary exceptions, the amended revolving credit facility contains covenants that restrict the Company's ability to, among other things: (i) create or incur liens, debt, guarantees or other investments, (ii) engage in mergers and consolidations, (iii) pay dividends or other distributions to, and redemptions and repurchases from, equity holders, (iv) prepay, redeem or repurchase subordinated or junior debt, (v) amend organizational documents, and (vi) engage in certain transactions with affiliates.

The amended revolving credit facility also contains financial covenants. Specifically, TWCC and its subsidiaries will not (i) permit at the end of any four consecutive fiscal quarters the Lease Adjusted Leverage Ratio (defined as, with certain adjustments, the ratio of the Company's consolidated indebtedness plus six times rent expense, as defined, to consolidated net income before interest, taxes, depreciation, amortization, and rent expense ("EBITDAR")) to exceed 4.00:1.00 (provided, however, that if any "Material Acquisition" occurs and the Lease Adjusted Leverage Ratio on a pro forma basis giving effect to the consummation of the Material Acquisition is less than 4.00:1.00, then the maximum Lease Adjusted Leverage Ratio may be increased to 4.50:1.00 for the fiscal quarter in which such Material Acquisition is consummated and the three fiscal quarters immediately following the fiscal quarter in which such Material Acquisition occurs) or (ii) permit at the end of any four consecutive fiscal quarters the Consolidated Fixed Charge Coverage Ratio (defined as, with certain adjustments, the ratio of consolidated EBITDAR to consolidated fixed charges (defined as interest plus rent expense)), for any such period to be less than 2.25:1.00 (provided, however, that if any Material Acquisition occurs and the Consolidated Fixed Charge Coverage Ratio on a pro forma basis giving effect to the consummation of the Material Acquisition is at least 2.25:1.00, then the minimum Consolidated Fixed Charge Coverage Ratio may be decreased to 2.00:1.00 for the fiscal quarter in which such Material Acquisition is consummated and the three fiscal quarters immediately following the fiscal quarter in which such Material Acquisition occurs).

The amended revolving credit facility also provides that certain covenants fall away and that the liens over the collateral securing each of the Company and certain subsidiaries' collective obligations are released following, among other things, the achievement of, and during the maintenance of, investment grade ratings by Moody's Investor Services, Inc. and Standard & Poor's Ratings Services.

As of December 29, 2018, the Company was in compliance with its financial debt covenants under the secured revolving credit facility.

COMMON STOCK

12 Months Ended

Dec. 29, 2018

Equity [Abstract]

COMMON STOCK

Share Repurchases

In fiscal years prior to 2016, the Company's Board of Directors authorized the repurchase of shares of the Company's common stock in amounts up to $462.5 million. On both February 24, 2016 and February 22, 2018, the Company's Board of Directors authorized an additional $500 million of share repurchases, thereby authorizing repurchase amounts up to $1.46 billion. The total remaining capacity under the repurchase authorizations as of December 29, 2018 was $392.6 million.

Open-market repurchases of our common stock during fiscal years 2018, 2017 and 2016 were as follows:



	Fiscal year ended
	December 29, 2018		December 30, 2017		December 31, 2016
Number of shares repurchased	1,879,529		2,103,401		3,049,381
Aggregate cost of shares repurchased (dollars in thousands)	$	193,028	$	188,762	$	300,445
Average price per share	$	102.70	$	89.74	$	98.53

In addition to the open-market repurchases completed in fiscal years 2018, 2017 and 2016, the Company completed additional open-market repurchases totaling approximately $387.6 million in fiscal year priors to 2016.

Future share repurchases may occur from time to time in the open market, in negotiated transactions, or otherwise. The timing and amount of any repurchases will be determined by the Company based on its evaluation of market conditions, share price, other investment priorities, and other factors. The share repurchase authorizations have no expiration dates.

Dividends

In fiscal 2018, the Company's Board of Directors declared and paid quarterly cash dividends of $0.45 per share during all four quarters. In fiscal 2017, the Company's Board of Directors paid quarterly cash dividends of $0.37 per share during all four quarters.

On February 14, 2019, the Company's Board of Directors authorized a quarterly cash dividend payment of $0.50 per common share, payable on March 22, 2019 to shareholders of record at the close of business on March 12, 2019.

Future declarations of dividends and the establishment of future record and payment dates are at the discretion of the Company's Board of Directors based on a number of factors, including the Company's future financial performance and other investment priorities.

Provisions in the Company's secured revolving credit facility and indenture governing its senior notes could have the effect of restricting the Company’s ability to pay future cash dividends on or make future repurchases of its common stock, as further described in Note 8, Long-Term Debt, to the consolidated financial statements.

STOCK-BASED COMPENSATION

12 Months Ended

Dec. 29, 2018

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

STOCK-BASED COMPENSATION

Under the Company’s Amended and Restated Equity Incentive Plan (the "Plan"), the Compensation Committee of the Board of Directors may award incentive stock options, stock appreciation rights, restricted stock, unrestricted stock, stock deliverable on a deferred basis (including restricted stock units), and performance-based stock awards.

At the Company's May 17, 2018 shareholders' meeting, the shareholders approved an amendment to the Plan to increase the maximum number of shares of stock available under the Plan by 3,000,000 shares from a cumulative total of 15,778,392 shares to 18,778,392 shares. As of December 29, 2018, there were 3,702,701 remaining shares available for grant under the Plan. The Plan makes provision for the treatment of awards upon termination of service or in the case of a merger or similar corporate transaction. Participation in the Plan is limited to members of the Company's board of directors, executive officers and other key employees.

The limit on shares available under the Plan, the individual limits, and other award terms are subject to adjustment to reflect stock splits or stock dividends, combinations, and certain other events. All stock options issued under the Plan expire no later than ten years from the date of grant. The Company believes that the current level of authorized shares is sufficient to satisfy future grants for the foreseeable future.

The Company recorded stock-based compensation cost as follows:



	For the fiscal years ended
(dollars in thousands)	December 29, 2018		December 30, 2017		December 31, 2016
Stock options	$	4,788	$	4,244	$	4,237
Restricted stock:
Time-based awards	7,938		7,532		7,451
Performance-based awards	744		4,602		3,974
Stock awards	1,203		1,171		1,185
Total	$	14,673	$	17,549	$	16,847

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 fiscal 2018, the Company revised the estimated achievement of performance targets related to certain performance-based grants resulting in a $3.9 million reduction to stock compensation expense.

Stock Options

Stock options vest in equal annual installments over a four-year period. The Company issues new shares to satisfy stock option exercises.

Changes in the Company's stock options for the fiscal year ended December 29, 2018 were as follows:



	Number of shares		Weighted- average exercise price	Weighted-average remaining contractual terms (years)	Aggregate intrinsic value (in thousands)
Outstanding, December 30, 2017	1,494,223		$61.76

Granted	255,532		$118.43
Exercised	(261,113	)	$40.58
Forfeited	(40,533	)	$98.01
Expired	(968	)	$95.10
Outstanding, December 29, 2018	1,447,141		$74.55	5.96	$	21,714

Vested and Expected to Vest, December 29, 2018	1,377,440		$73.10	5.82	$	21,714
Exercisable, December 29, 2018	851,264		$57.33	4.31	$	21,714

The intrinsic value of stock options exercised during the fiscal years ended December 29, 2018, December 30, 2017, and December 31, 2016 was approximately $16.6 million, $14.9 million, and $9.0 million, respectively. At December 29, 2018, there was approximately $8.8 million of unrecognized compensation cost (net of estimated forfeitures) related to stock options which is expected to be recognized over a weighted-average period of approximately 2.6 years.

The table below presents the weighted-average assumptions used to calculate the fair value of options granted in each of the respective fiscal years:



	For the fiscal years ended
	December 29, 2018			December 30, 2017			December 31, 2016
Expected volatility	22.93		%	26.20		%	26.95		%
Risk-free interest rate	2.75		%	2.06		%	1.33		%
Expected term (years)	6.0			6.0			6.0
Dividend yield	1.47		%	1.77		%	1.45		%
Weighted average fair value of options granted	$	27.36		$	19.57		$	21.41

Restricted Stock Awards

Restricted stock awards issued under the Plan vest based upon: 1) continued service (time-based) or 2) a combination of continued service and performance targets (performance-based).

The following table summarizes activity related to all restricted stock awards during the fiscal year ended December 29, 2018:



	Restricted stock awards		Weighted-average grant-date fair value
Outstanding, December 30, 2017	397,848		$	85.44
Granted	143,085		$	118.03
Vested	(151,321	)	$	84.56
Forfeited	(15,604	)	$	97.83
Outstanding, December 29, 2018	374,008		$	97.57

During fiscal 2017, a total of 168,471 shares of restricted stock vested with a weighted-average fair value of $74.00 per share. During fiscal 2016, a total of 218,335 shares of restricted stock vested with a weighted-average fair value of $62.98 per share. At December 29, 2018, there was approximately $16.0 million of unrecognized compensation cost (net of estimated forfeitures) related to all restricted stock awards which is expected to be recognized over a weighted-average period of approximately 2.3 years.

Time-based Restricted Stock Awards

Time-based restricted stock awards vest in equal annual installments or cliff vest after a three- or four-year period. During fiscal years 2018, 2017, and 2016, a total of 100,625 shares, 114,703 shares, and 124,135 shares, respectively, of time-based restricted stock vested with a weighted-average fair value of $85.64 per share, $76.58 per share, and $65.80 per share, respectively. At December 29, 2018, there was approximately $13.4 million of unrecognized compensation cost (net of estimated forfeitures) related to time-based restricted stock which is expected to be recognized over a weighted-average period of approximately 2.4 years.

Performance-based Restricted Stock Awards



Fiscal year	Number of shares granted	Weighted-average fair value per share
2016	53,070	$	90.66
2017	60,952	$	83.84
2018	45,625	$	120.25

During the fiscal year ended December 29, 2018, a total of 50,696 performance shares vested with a weighted-average fair value of $82.40 per share. As of December 29, 2018, a total of 153,922 performance shares were unvested with a weighted-average fair value of $96.47 per share. Vesting of these 153,922 performance shares is based on the performance targets for the shares granted in fiscal 2018, 2017, and 2016. As of December 29, 2018, there was approximately $2.6 million of unrecognized compensation cost (net of estimated forfeitures) related to the unvested performance-based restricted stock awards which is expected to be recognized over a weighted-average period of approximately 1.7 years.

Stock Awards

Included in restricted stock awards are grants to non-management members of the Company's Board of Directors. At issuance, these awards were fully vested and issued as shares of the Company's common stock. During fiscal years 2018, 2017, and 2016, such awards were as follows:



Fiscal year	Number of shares issued	Fair value per share	Aggregate value (in thousands)
2016	12,758	$101.10	$1,290
2017	13,860	$84.46	$1,171
2018	10,971	$109.67	$1,203

The Company received no proceeds from the issuance of these shares.

EMPLOYEE BENEFIT PLANS

12 Months Ended

Dec. 29, 2018

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

The Company maintains defined contribution plans, a deferred compensation plan, and two defined benefit plans. The two defined benefit plans include the OshKosh B'Gosh pension plan and a post-retirement life and medical plan.

Oshkosh B'Gosh Pension Plan

Funded Status

The retirement benefits under the OshKosh B'Gosh pension plan were frozen as of December 31, 2005. A reconciliation of changes in the projected pension benefit obligation and plan assets is as follows:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018			December 30, 2017
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	66,747		$	62,427
Interest cost	2,287			2,446
Actuarial (gain) loss	(4,371		)	4,269
Benefits paid	(2,366		)	(2,395		)
Projected benefit obligation at end of year	$	62,297		$	66,747

Change in plan assets:
Fair value of plan assets at beginning of year	$	54,437		$	51,213
Actual return on plan assets	(2,507		)	5,619
Employer contribution	6,000			—
Benefits paid	(2,366		)	(2,395		)
Fair value of plan assets at end of year	$	55,564		$	54,437

Unfunded status	$	6,733		$	12,310

The accumulated benefit obligation is equal to the projected benefit obligation as of December 29, 2018 and December 30, 2017 because the plan is frozen. The unfunded status is included in other long-term liabilities in the Company's consolidated balance sheet. The Company made a discretionary contribution of $6.0 million to the OshKosh B'Gosh pension plan in fiscal 2018. The Company does not expect to make any contributions to the OshKosh B'Gosh pension plan during fiscal 2019 as the plan's funding exceeds the minimum funding requirements. The actuarial gain in fiscal 2018 was primarily attributable to a higher discount rate while the actuarial loss incurred in fiscal 2017 was primarily attributable to a lower discount rate.

Net Periodic Pension Cost and Changes Recognized in Other Comprehensive Income

The components of net periodic pension cost recognized in the statement of operations and changes recognized in other comprehensive income were as follows:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018			December 30, 2017			December 31, 2016
Recognized in the statement of operations:
Interest cost	$	2,287		$	2,446		$	2,515
Expected return on plan assets	(2,934		)	(2,601		)	(2,701		)
Recognized actuarial loss⁽¹⁾	709			681			578
Net periodic pension cost	$	62		$	526		$	392

Changes recognized in other comprehensive income:
Net loss arising during the fiscal year	$	1,070		$	1,251		$	1,644
Amortization of net loss⁽¹⁾	(709		)	(681		)	(578		)
Total changes recognized in other comprehensive income	$	361		$	570		$	1,066
Total net periodic cost and changes recognized in other comprehensive income	$	423		$	1,096		$	1,458


(1)	Represents pre-tax amounts reclassified from accumulated other comprehensive loss. For fiscal 2019, approximately $0.8 million is expected to be reclassified from accumulated other comprehensive loss to a component of net periodic pension cost.

Assumptions

The actuarial computations utilized the following assumptions, using year-end measurement dates:



Benefit obligation	2018	2017
Discount rate	4.00%	3.50%

Net periodic pension cost	2018	2017	2016
Discount rate	3.50%	4.00%	4.25%
Expected long-term rate of return on assets	6.25%	6.00%	6.00%

The discount rates used at December 29, 2018, December 30, 2017, and December 31, 2016 were determined with consideration given to the Citigroup Pension Discount and Liability Index and the Barclay Capital Aggregate AA Bond Index, adjusted for the timing of expected plan distributions. The Company believes these indexes reflect a risk-free rate consistent with a portfolio of high quality debt instruments with maturities that are comparable to the timing of the expected payments under the plan. The expected long-term rate of return assumption considers historic returns adjusted for changes in overall economic conditions that may affect future returns and a weighting of each investment class.

A 0.25% change in the assumed discount rate would result in an increase or decrease in the amount of the pension plan's projected benefit obligation of approximately $2.0 million.

The Company currently expects benefit payments for its defined benefit pension plans as follows for the next ten fiscal years:



(dollars in thousands)
2019	$	3,020
2020	$	2,600
2021	$	2,660
2022	$	2,860
2023	$	2,940
2024-2028	$	17,850

Plan Assets

The Company's investment strategy is to invest in a well-diversified portfolio consisting of mutual funds or group annuity contracts that minimize concentration of risks by utilizing a variety of asset types, fund strategies, and fund managers. The target allocation for plan assets is 45% equity securities, 50% bond funds, and 5% real estate investments. The plan expects to gradually reduce its equity exposure.

The Company’s investment policy anticipates a rate of return sufficient to fund pension plan benefits while minimizing the risk to the Company of additional funding. Based on actual returns over a long-term basis, the Company believes that a 5.50% annual return on plan assets can be achieved based on the current allocation and investment strategy.

Equity securities primarily include funds invested in large-cap and mid-cap companies, primarily located in the U.S., with a small exposure to international equities. Fixed income securities include funds holding corporate bonds of companies from diverse industries, and U.S. Treasuries. Real estate funds include investments in actively managed mutual funds that invest in real estate.

The fair value of the Company's pension plan assets at December 29, 2018 and December 30, 2017, by asset category, were as follows:



(dollars in thousands)	December 29, 2018						December 30, 2017
Asset Category	Total		Level 1		Level 2		Total		Level 1		Level 2
Cash and cash equivalents	$	550	$	550	$	—	$	539	$	539	$	—
Equity Securities:
U.S. Large-Cap blend⁽¹⁾	7,693		7,693		—		7,418		7,418		—
U.S. Large-Cap growth	3,478		3,478		—		3,331		3,331		—
U.S. Mid-Cap growth	3,355		3,355		—		3,228		3,228		—
U.S. Small-Cap blend	2,224		2,224		—		2,147		2,147		—
International blend	8,302		8,302		—		8,142		8,142		—
Fixed income securities:
Corporate bonds⁽²⁾	27,247		27,006		241		26,888		26,480		408
Real estate⁽³⁾	2,715		2,715		—		2,744		2,744		—
	$	55,564	$	55,323	$	241	$	54,437	$	54,029	$	408


(1)	This category comprises low-cost equity index funds not actively managed that track the Standard & Poor's 500 Index.


(2)	This category invests in both U.S. Treasuries and mid-term corporate debt from U.S. issuers from diverse industries.


(3)	This category represents an investment in a mutual fund that invests primarily in real estate securities, including common stocks, preferred stock and other equity securities issued by real estate companies.

Post-retirement Life and Medical Plan

Under a defined benefit plan frozen in 1991, the Company offers a comprehensive post-retirement medical plan to current and certain future retirees and their spouses. The Company also offers life insurance to current and certain future retirees. Employee contributions are required as a condition of participation for both medical benefits and life insurance and the Company's liabilities are net of these expected employee contributions.

Accumulated Post-Retirement Benefit Obligation

The following is a reconciliation of the accumulated post-retirement benefit obligation ("APBO") under this plan:



	For the fiscal years ended
(dollars in thousands)	December 29, 2018			December 30, 2017
APBO at beginning of fiscal year	$	3,969		$	4,125
Service cost	32			30
Interest cost	123			137
Actuarial loss (gain)	(573		)	26
Plan participants' contribution	1			6
Benefits paid	(324		)	(355		)
APBO at end of fiscal year	$	3,228		$	3,969

Approximately $2.9 million and $3.6 million of the APBO at the end of fiscal 2018 and 2017, respectively, were classified as other long term liabilities in the Company's consolidated balance sheets.

Net Periodic Post-Retirement (Benefit) Cost and Changes Recognized in Other Comprehensive Income

The components of net periodic post-retirement cost (benefit) recognized in the statement of operations and changes recognized in other comprehensive income were as follows:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018			December 30, 2017			December 31, 2016
Recognized in the statement of operations:
Service cost – benefits attributed to service during the period	$	32		$	30		$	123
Interest cost on accumulated post-retirement benefit obligation	123			137			177
Amortization net actuarial gain^(*)	(289		)	(306		)	(198		)
Net periodic post-retirement (benefit) cost	$	(134	)	$	(139	)	$	102

Changes recognized in other comprehensive income:
Net loss (gain) arising during the fiscal year	$	(573	)	$	26		$	(740	)
Prior service cost	—			—			11
Amortization of net gain^(*)	289			306			198
Total changes recognized in other comprehensive income	$	(284	)	$	332		$	(531	)
Total net periodic (benefit) cost and changes recognized in other comprehensive income	$	(418	)	$	193		$	(429	)


(*)	Represents pre-tax amounts reclassified from accumulated other comprehensive loss. For fiscal 2019, approximately $0.4 million is expected to be reclassified from accumulated other comprehensive loss as a credit to periodic net periodic pension cost.

Assumptions

The actuarial computations utilized the following assumptions, using year-end measurement dates:



Benefit obligation	2018	2017
Discount rate	4.00%	3.25%

Net periodic pension cost	2018	2017	2016
Discount rate	3.25%	3.50%	3.75%

The discount rates used at December 29, 2018, December 30, 2017, and December 31, 2016, were determined with primary consideration given to the Citigroup Pension Discount and Liability Index adjusted for the timing of expected plan distributions. The Company believes this index reflects a risk-free rate with maturities that are comparable to the timing of the expected payments under the plan.

The effects on the Company's plan of all future increases in health care costs are borne primarily by employees; accordingly, increasing medical costs are not expected to have any material effect on the Company's future financial results.

The Company's contribution for these post-retirement benefit obligations was approximately $0.3 million in fiscal year 2018, $0.3 million in fiscal year 2017, and $0.4 million in fiscal year 2016. The Company expects that its contribution and benefit payments for post-retirement benefit obligations will be approximately $0.3 million for fiscal years 2019, 2020, 2021, 2022, and 2023. For the five years subsequent to fiscal 2023, the aggregate contributions and benefit payments for post-retirement benefit obligations is expected to be approximately $1.1 million. The Company does not pre-fund this plan and as a result there are no plan assets.

Deferred Compensation Plan

The Company maintains a deferred compensation plan allowing voluntary salary and incentive compensation deferrals for qualifying employees as permitted by the Internal Revenue Code. Participant deferrals earn investment returns based on a select number of investment options, including equity, debt, and real estate mutual funds. The Company invests comparable amounts in marketable securities to mitigate the risk associated with the investment return on the employee deferrals.

Defined Contribution Plan

The Company also sponsors defined contribution savings plans in the United States and Canada. The U.S. plan covers employees who are at least 21 years of age and have completed one calendar month of service and, if part-time, work a minimum of one thousand hours of service within the one-year period following the commencement of employment or during any subsequent calendar year. The plan provides for a discretionary employer match. The Company's expense for the U.S. defined contribution savings plan totaled approximately $8.0 million, $13.9 million, and $10.5 million for the fiscal years ended December 29, 2018, December 30, 2017, and December 31, 2016, respectively. Expenses related to the Canadian defined contribution savings plan were approximately $0.1 million for the fiscal year ended December 29, 2018 and approximately $0.3 million for the fiscal year ended December 30, 2017; amounts for fiscal 2016 were not material.

INCOME TAXES

12 Months Ended

Dec. 29, 2018

Income Tax Disclosure [Abstract]

INCOME TAXES

Provision for Income Taxes

The provision for income taxes consisted of the following:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018			December 30, 2017			December 31, 2016
Current tax provision:
Federal	$	48,129		$	117,676		$	113,326
State	9,437			11,368			11,407
Foreign	17,359			14,116			11,937
Total current provision	$	74,925		$	143,160		$	136,670

Deferred tax provision (benefit):
Federal	$	(760	)	$	(55,191	)	$	1,215
State	140			337			332
Foreign	(398		)	(82		)	(486		)
Total deferred provision	(1,018		)	(54,936		)	1,061
Total provision	$	73,907		$	88,224		$	137,731

The foreign portion of the tax position substantially relates to the Company's international operations in Canada, Hong Kong and Mexico in addition to foreign tax withholdings related to the Company's foreign royalty income.

The Company plans to repatriate undistributed earnings from Hong Kong and a portion of its previously taxed earnings from Canada, and has provided for deferred income taxes related to these earnings. Due to the impact of the one-time toll tax enacted under the U.S. Tax Cuts and Jobs Act of 2017 ( the “2017 Act”) which taxed cumulative earnings in our foreign subsidiaries and the current US tax regime which taxes foreign earnings in the year earned, taxes associated with repatriation are not material. Deferred income taxes have not been provided for the portion of undistributed foreign earnings from Canada or Mexico that we do not plan to repatriate, or any additional outside basis difference inherent in all foreign entities, as these amounts continue to be indefinitely reinvested in foreign operations. Total undistributed earnings from the Company’s subsidiaries in Canada and Mexico amounted to approximately $82 million. Unrecognized deferred tax liability related to undistributed earnings from the Company's subsidiaries in Canada and Mexico are estimated to be less than $2 million, based on applicable withholding taxes, levels of foreign income previously taxed in the U.S. and applicable foreign tax credit limitations. The company accounts for the additional U.S. income tax on its foreign earnings under Global Intangible Low-Taxed Income ("GILTI") as a period expense in the period in which additional tax is due.

Provisional estimate

The provision for income taxes recognized by the Company during 2017 reflected certain provisional estimates for the accounting of the December 22, 2017 enactment of tax law changes known as the 2017 Act. During the fourth quarter of fiscal 2017, the Company recognized an income tax provisional tax expense of $10.4 million related to the Company's total post-1986 foreign earnings and profits ("E&P") that the Company previously deferred from United States income taxes. During fiscal 2018, the Company completed its calculation of the one-time transition tax for all of its foreign subsidiaries. The adjustment made to this provisional tax expense estimate was not material.

The components of income before income taxes were as follows:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018		December 30, 2017		December 31, 2016
Domestic	$	260,722	$	325,620	$	344,674
Foreign	95,253		65,452		50,766
Total	$	355,975	$	391,072	$	395,440

Effective Rate Reconciliation

The difference between the Company's effective income tax rate and the federal statutory tax rate is reconciled below:



	For the fiscal year ended
	December 29, 2018		December 30, 2017		December 31, 2016
Statutory federal income tax rate	21.0	%	35.0	%	35.0	%
State income taxes, net of federal income tax benefit	2.8	%	2.1	%	2.3	%
Impact of foreign operations	(1.5	)%	(2.7	)%	(2.1	)%
Settlement of uncertain tax positions	(0.4	)%	(0.3	)%	(0.4	)%
Benefit from stock-based compensation	(1.1	)%	(1.3	)%	—	%
Imposition of transition tax on foreign subsidiaries	—	%	2.7	%	—	%
Revaluation of deferred taxes	—	%	(12.9	)%	—	%
Total	20.8	%	22.6	%	34.8	%

The Company and its subsidiaries file a consolidated United States federal income tax return, as well as separate and combined income tax returns in numerous state and foreign jurisdictions. In most cases, the Company is no longer subject to US tax authority examinations for years prior to fiscal 2014.

Deferred Taxes

The following table reflects the Company’s calculation of the components of deferred assets and liabilities as of December 29, 2018 and December 30, 2017. Certain previously reported amounts as of December 30, 2017 were revised in the table below. The revisions were not material to the previously issued financial statements.



(dollars in thousands)	December 29, 2018			December 30, 2017
Deferred tax assets:	Assets (Liabilities)
Accounts receivable allowance	$	3,674		$	3,632
Inventory	7,785			6,759
Accrued liabilities	10,672			13,174
Equity-based compensation	5,278			6,796
Deferred employee benefits	6,425			8,112
Deferred rent	33,761			34,422
Other	3,007			2,335
Total deferred tax assets	70,602			75,230
Deferred tax liabilities:
Depreciation	(62,898		)	(63,763		)
Tradename and licensing agreements	(89,194		)	(89,142		)
Other	(3,774		)	(5,328		)
Total deferred tax liabilities	(155,866		)	(158,233		)

Net deferred tax asset (liability)	$	(85,264	)	$	(83,003	)

Amounts recognized in the consolidated balance sheets:



(dollars in thousands)	December 29, 2018			December 30, 2017
	Assets (Liabilities)
Deferred tax assets^(*)	$	2,083		$	1,941
Deferred tax liabilities	(87,347		)	(84,944		)
Net deferred tax asset (liability)	$	(85,264	)	$	(83,003	)


(*)	At December 30, 2017, deferred tax assets are a component of non-current Other assets on the Company's consolidated balance sheet.

During the fourth quarter of fiscal 2017, the Company remeasured certain deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future, which is generally a 21% federal rate. The remeasurement resulted in an income tax benefit of $50.4 million.

Uncertain Tax Positions

The following is a reconciliation of the beginning and ending amount of unrecognized tax benefits:



(dollars in thousands)
Balance at January 2, 2016	$	9,415
Additions based on tax positions related to fiscal 2016	2,849
Reductions for prior year tax positions	(39		)
Reductions for lapse of statute of limitations	(995		)
Reductions for prior year tax settlements	(693		)
Balance at December 31, 2016	$	10,537
Additions based on tax positions related to fiscal 2017	3,380
Reductions for prior year tax positions	(120		)
Reductions for lapse of statute of limitations	(1,604		)
Balance at December 30, 2017	$	12,193
Additions based on tax positions related to fiscal 2018	3,350
Additions for prior year tax positions	241
Reductions for lapse of statute of limitations	(1,867		)
Balance at December 29, 2018	$	13,917

As of December 29, 2018, the Company had gross unrecognized tax benefits of approximately $13.9 million, of which $11.9 million, if ultimately recognized, will affect the Company's effective tax rate in the period 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. Because of deferred tax accounting, changes in the timing of these deductions would not affect the annual effective tax rate, but would accelerate the payment of cash to the taxing authorities.

Included in the reserves for unrecognized tax benefits are approximately $2.9 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 tax rate for fiscal 2019 and the effective 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 penalties related to unrecognized tax benefits as a component of income tax expense. During fiscal 2018, expense recorded on uncertain tax positions was approximately $0.8 million. During fiscal 2017 and 2016, interest expense recorded on uncertain tax positions was not significant. The Company had accrued interest on uncertain tax positions of approximately $1.8 million and $1.0 million as of December 29, 2018 and December 30, 2017, respectively.

EARNINGS PER SHARE

12 Months Ended

Dec. 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:



	For the fiscal year ended
	December 29, 2018			December 30, 2017			December 31, 2016
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding	46,160,935			47,593,211			49,917,858
Dilutive effect of equity awards	487,485			552,864			457,849
Diluted number of common and common equivalent shares outstanding	46,648,420			48,146,075			50,375,707
Earnings per share:
(dollars in thousands, except per share data)
Basic net income per common share:
Net income	$	282,068		$	302,848		$	257,709
Income allocated to participating securities	(2,148		)	(2,407		)	(2,046		)
Net income available to common shareholders	$	279,920		$	300,441		$	255,663
Basic net income per common share	$	6.06		$	6.31		$	5.12

Diluted net income per common share:
Net income	$	282,068		$	302,848		$	257,709
Income allocated to participating securities	(2,132		)	(2,386		)	(2,032		)
Net income available to common shareholders	$	279,936		$	300,462		$	255,677
Diluted net income per common share	$	6.00		$	6.24		$	5.08

Anti-dilutive shares excluded from dilutive earnings per share calculations⁽¹⁾	289,839			629,944			247,460


(1)	The volume of antidilutive shares is, in part, due to the related unamortized compensation costs.

The Company grants shares of its common stock in the form of restricted stock awards to certain key employees under the Company's Amended and Restated Equity Incentive Plan (see Note 10, Stock-based Compensation, to the consolidated financial statements). Prior to vesting of the restricted stock awards, the grant recipients are entitled to receive non-forfeitable cash dividends if the Company's board of directors declares and pays dividends on the Company's common stock. Accordingly, unvested shares of the Company's restricted stock awards are deemed to be participating securities for purposes of computing diluted earnings per share (EPS), and therefore the Company's diluted EPS represents the lower of the amounts calculated under the treasury stock method or the two-class method of calculating diluted EPS.

SEGMENT INFORMATION

12 Months Ended

Dec. 29, 2018

Segment Reporting [Abstract]

SEGMENT INFORMATION

The Company reports segment information based upon a "management approach." The management approach refers to the internal reporting that is used by management for making operating decisions and assessing the performance of the Company's reportable segments. The Company reports its corporate expenses separately as they are not included in the internal measures of segment operating performance used by the Company to measure the underlying performance of its reportable segments.

Segment results include the direct costs of each segment and all other costs are allocated based upon detailed estimates and analysis of actual time and expenses incurred to support the operations of each segment or units produced or sourced to support each segment's revenue. Certain costs, including incentive compensation for certain employees, and various other general corporate costs that are not specifically allocable to segments, are included in corporate expenses below. Intersegment sales and transfers are recorded at cost and are treated as a transfer of inventory. The accounting policies of the segments are the same as those described in Note 2, Summary of Significant Accounting Policies, to the consolidated financial statements.

At the beginning of fiscal 2017, the Company combined its Carter's Retail and OshKosh Retail operating segments into a single U.S. Retail operating segment, and its Carter's Wholesale and OshKosh Wholesale operating segments into a single U.S. Wholesale operating segment, in order to reflect the sales-channel approach the Company's executive management now uses to evaluate its business performance and manage operations in the United States. The Company's International operating segment was not affected by these changes. The Company's operating and reportable segments are now U.S. Retail, U.S. Wholesale, and International.

Prior periods have been conformed to reflect the Company's current segment structure by adding together Carter's Retail and OshKosh Retail as U.S. Retail and Carter's Wholesale and OshKosh Wholesale as U.S. Wholesale. Prior results for the International segment and Corporate expenses were not impacted.

The table below presents certain segment information for the periods indicated



	For the fiscal year ended
(dollars in thousands)	December 29, 2018			% of Total		December 30, 2017			% of Total		December 31, 2016			% of Total
Net sales:
U.S. Retail	$	1,851,193		53.5	%	$	1,775,378		52.2	%	$	1,655,784		51.8	%
U.S. Wholesale	1,180,687			34.1	%	1,209,663			35.6	%	1,178,034			36.8	%
International	430,389			12.4	%	415,463			12.2	%	364,725			11.4	%
Total net sales	$	3,462,269		100.0	%	$	3,400,504		100.0	%	$	3,198,543		100.0	%
Operating income:				% of segment net sales					% of segment net sales					% of segment net sales
U.S. Retail^(1)(2)(4)	$	224,784		12.1	%	$	215,640		12.1	%	$	211,951		12.8	%
U.S. Wholesale⁽³⁾⁽⁴⁾	224,194			19.0	%	252,090			20.8	%	260,953			22.2	%
International⁽⁴⁾⁽⁵⁾	39,253			9.1	%	46,426			11.2	%	59,194			16.2	%
Corporate expenses⁽⁶⁾⁽⁷⁾	(96,798		)			(94,549		)			(106,170		)
Total operating income	$	391,433		11.3	%	$	419,607		12.3	%	$	425,928		13.3	%


(1)	Fiscal 2018 includes insurance recovery of approximately $0.4 million associated with unusual storm-related store closures in 2017.


(2)	Fiscal 2017 includes approximately $2.7 million of expenses related to store restructuring and approximately $12.7 million for provisions for special employee compensation.


(3)	Includes approximately $12.8 million of charges, partially offset by a $1.9 million recovery claim settlement, related to a customer bankruptcy for fiscal 2018. Fiscal 2017 includes approximately $3.3 million for provisions for special employee compensation.


(4)	Includes $1.2 million of certain costs related to inventory acquired from Skip Hop in operating income between U.S. Wholesale, U.S. Retail, and International for fiscal 2017.


(5)	Includes international licensing income. Fiscal 2018 includes approximately $5.3 million in costs associated with changes to the Company's business model in China, which includes inventory and severance charges. Fiscal 2017 includes approximately $2.3 million for provisions for special employee compensation.


(6)	Includes expenses related to incentive compensation, stock-based compensation, executive management, severance and relocation, finance, building occupancy, information technology, certain legal fees, consulting, and audit fees.

(7)Includes the following charges for fiscal 2017 and fiscal 2016:



	For the fiscal year ended
(dollars in millions)	December 30, 2017			December 31, 2016
Provisions for special employee compensation	$	2.9		$	—
Amortization of H.W. Carter and Sons tradenames	$	—		$	1.7
Adjustment to Skip Hop contingent consideration	$	(3.6	)	$	—
Direct sourcing initiative	$	0.3		$	0.7
Acquisition-related costs	$	3.4		$	2.4

Additional Data by Segment

Inventory

The table below represents inventory by segment:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018		December 30, 2017
U.S. Wholesale^(*)	$	414,174	$	389,484
U.S. Retail	96,241		93,404
International	63,811		65,834
Total	$	574,226	$	548,722


(*)	U.S. Wholesale inventories also include inventory produced and warehoused for the U.S. Retail segment.

The table below represents consolidated net sales by product:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018		December 30, 2017		December 31, 2016
Baby	$	1,239,009	$	1,294,404	$	1,241,452
Playclothes	1,303,610		1,239,546		1,214,995
Sleepwear	431,961		426,703		407,078
Other(*)	487,689		439,851		335,018
Total net sales	$	3,462,269	$	3,400,504	$	3,198,543


(*)	Other product offerings include bedding, outwear, swimwear, shoes, socks, diaper bags, gift sets, toys, and hair accessories.

Geographical Data

Revenue

The Company's international sales principally represent sales to customers in Canada. Such sales were 64.2% and 64.9% of total international sales in fiscal 2018 and 2017, respectively.

Long-Lived Assets

The following represents property, plant, and equipment, net, by geographic area:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018		December 30, 2017
United States	$	314,679	$	337,369
International	35,758		40,555
Total	$	350,437	$	377,924

Long-lived assets in the international segment relate principally to Canada. Long-lived assets in Canada were 87.4% and 87.6% of total international long-lived assets at the end of fiscal 2018 and 2017, respectively.

FAIR VALUE MEASUREMENTS	12 Months Ended
FAIR VALUE MEASUREMENTS	Dec. 29, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS 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. All of the marketable securities are included in Other assets on the accompanying consolidated balance sheets, and their aggregate fair values were approximately $15.7 million and $16.7 million at the end of fiscal 2018 and fiscal 2017, respectively. These investments are classified as Level 1 within the fair value hierarchy. Investments in marketable securities incurred a net loss of approximately $1.0 million and $0.1 million for fiscal 2018 and 2017, respectively. The fair value of the Company's pension plan assets at December 29, 2018 and December 30, 2017, by asset category, are disclosed in Note 11, Employee Benefits Plans, to the consolidated financial statements. Foreign Exchange Forward Contracts Fair values of any unsettled foreign exchange forward contracts are calculated by using readily observable market inputs (market-quoted currency exchange rates in effect between the U.S. dollar and the currencies of Canada and Mexico) and are classified as Level 2 within the fair value hierarchy. Any unsettled foreign exchange forward contracts are included in other current assets or other current liabilities on the Company's consolidated balance sheet at the end of each fiscal reporting period. As of December 29, 2018, there were no open foreign currency contracts. As of December 30, 2017, the fair value of open foreign currency contracts was not material. Realized and unrealized gains and losses on foreign currency contracts were not material for fiscal 2018 and 2017. For foreign currency contracts settled during fiscal 2016, the Company realized net losses of $3.2 million. These amounts are included in other (income) expense, net on the Company's consolidated statement of operations. The were no open foreign currency contracts at the end of fiscal 2016. Borrowings As of December 29, 2018, the fair value of the Company's $196.0 million in borrowings under its secured revolving credit facility approximated carrying value. The fair value of the Company's senior notes at December 29, 2018 was approximately $399 million. The fair value of these senior notes with a notional value and carrying value (gross of debt issuance costs) 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

OTHER CURRENT AND LONG-TERM LIABILITIES

12 Months Ended

Dec. 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 either fiscal year) consisted of the following:



(dollars in thousands)	December 29, 2018		December 30, 2017
Accrued bonuses and incentive compensation	$	8,409	$	27,566
Income taxes payable	17,415		16,252
Accrued employee benefits	16,421		21,735
Accrued and deferred rent	19,120		18,213

Other long-term liabilities that exceeded five percent of total liabilities (at the end of either fiscal year) consisted of the following:



(dollars in thousands)	December 29, 2018		December 30, 2017
Deferred lease incentives	$	72,345	$	75,104

LEASE COMMITMENTS

12 Months Ended

Dec. 29, 2018

Leases [Abstract]

LEASE COMMITMENTS

Rent expense under operating leases (including properties and computer and office equipment) was approximately $165.6 million, $161.9 million, and $150.6 million for the fiscal years ended December 29, 2018, December 30, 2017, and December 31, 2016, respectively.

Minimum annual rental commitments under current non-cancellable operating leases, as of December 29, 2018, substantially all of which relate to leased real estate, were as follows:



Fiscal Year	Operating Leases
2019	$	163,963
2020	150,010
2021	134,203
2022	116,773
2023	102,487
Thereafter	235,731
Total	$	903,167

Amounts related to property include leases on retail stores as well as various corporate offices, distribution facilities, and other premises. Our average term remaining for a retail store lease in the United States is approximately 4.9 years, excluding renewal options.

Total commitments under capital leases were approximately $1.3 million at December 29, 2018.

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 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 effect on its financial position, results of operations, or cash flows. The Company's contractual obligations and commitments also include obligations associated with leases, the secured revolving credit agreement, senior notes, employee benefit plans, and facility consolidations/closures as disclosed elsewhere in the notes to the consolidated financial statements.

VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 29, 2018

Valuation and Qualifying Accounts [Abstract]

VALUATION AND QUALIFYING ACCOUNTS

Information regarding accounts receivable is as follows:



(dollars in thousands)	Wholesale accounts receivable reserves			Wholesale sales returns reserves			Total
Balance at January 2, 2016	$	8,543		$	400		$	8,943
Additional provisions	6,088			—			6,088
Charges to reserve	(5,879		)	(400		)	(6,279		)
Balance at December 31, 2016	$	8,752		$	—		$	8,752
Additional provisions	8,204			—			8,204
Charges to reserve	(3,220		)	—			(3,220		)
Balance at December 30, 2017	$	13,736		$	—		$	13,736
Additional provisions	30,280			—			30,280
Charges to reserve	(32,150		)	—			(32,150		)
Balance at December 29, 2018	$	11,866		$	—		$	11,866

UNAUDITED QUARTERLY FINANCIAL DATA

12 Months Ended

Dec. 29, 2018

Quarterly Financial Information Disclosure [Abstract]

UNAUDITED QUARTERLY FINANCIAL DATA

The unaudited summarized financial data by quarter for the fiscal years ended December 29, 2018 and December 30, 2017 is presented in the table below:



(dollars in thousands, except per share data)	Quarter 1		Quarter 2		Quarter 3		Quarter 4⁽²⁾
Fiscal 2018:
Net sales	$	755,786	$	696,197	$	923,907	$	1,086,379
Gross profit	$	332,477	$	309,958	$	387,450	$	467,598
Royalty income, net	$	7,994	$	10,355	$	10,224	$	10,357
Selling, general, and administrative expenses	$	280,162	$	263,343	$	294,117	$	307,358
Operating income	$	60,309	$	56,970	$	103,557	$	170,597
Net income	$	42,469	$	37,268	$	71,770	$	130,561
Basic net income per common share⁽¹⁾	$	0.90	$	0.80	$	1.55	$	2.85
Diluted net income per common share⁽¹⁾	$	0.89	$	0.79	$	1.53	$	2.83

Fiscal 2017:
Net sales	$	732,827	$	691,751	$	948,046	$	1,027,880
Gross profit	$	315,692	$	303,247	$	403,578	$	460,837
Royalty income, net	$	10,558	$	11,210	$	10,350	$	11,063
Selling, general, and administrative expenses	$	247,794	$	250,146	$	283,480	$	325,508
Operating income	$	78,456	$	64,311	$	130,448	$	146,392
Net income	$	46,595	$	37,793	$	82,316	$	136,144
Basic net income per common share⁽¹⁾	$	0.96	$	0.78	$	1.73	$	2.88
Diluted net income per common share⁽¹⁾	$	0.95	$	0.77	$	1.71	$	2.85


(1)	May not be additive to the net income per common share amounts for the fiscal year due to the calculation provision of ASC 260, Earnings Per Share.


(2)	The provision for income taxes recognized during the fourth quarter of fiscal 2017 reflects a benefit of $40.0 million related to the accounting for the December 22, 2017 enactment of tax law changes known as the U.S. Tax Cuts and Jobs Act of 2017.

GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

12 Months Ended

Dec. 29, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

GUARANTOR 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 each of the Parent's current domestic subsidiaries (other than TWCC), and, subject to certain exceptions, future restricted subsidiaries that guarantee the Company’s amended revolving credit facility or certain other debt of the Company or the subsidiary guarantors.

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.

CARTER’S, INC.

Condensed Consolidating Balance Sheet

As of December 29, 2018

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	118,600	$	14,735	$	36,742	$	—		$	170,077
Accounts receivable, net	—		203,546		38,753		15,960		—			258,259
Intercompany receivable	—		89,201		156,965		70,684		(316,850		)	—
Finished goods inventories	—		329,989		199,091		63,811		(18,665		)	574,226
Prepaid expenses and other current assets	—		8,483		23,987		7,926		—			40,396
Total current assets	—		749,819		433,531		195,123		(335,515		)	1,042,958
Property, plant, and equipment, net	—		133,765		180,914		35,758		—			350,437
Goodwill	—		136,570		45,368		45,163		—			227,101
Tradenames, net	—		223,073		142,619		—		—			365,692
Customer relationships, net	—		—		41,820		2,691		—			44,511
Other assets	—		24,399		1,321		2,439		—			28,159
Intercompany long-term receivable	—		—		541,629		—		(541,629		)	—
Intercompany long-term note receivable	—		100,000		—		—		(100,000		)	—
Investment in subsidiaries	869,433		1,173,415		303,368		—		(2,346,216		)	—
Total assets	$	869,433	$	2,541,041	$	1,690,570	$	281,174	$	(3,323,360	)	$	2,058,858

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	137,524	$	44,066	$	17,486	$	—		$	199,076
Intercompany Liabilities	—		220,033		93,790		3,027		(316,850		)	—
Other current liabilities	—		35,311		78,595		14,439		—			128,345
Total current liabilities	—		392,868		216,451		34,952		(316,850		)	327,421
Long-term debt, net	—		593,264		—		—		—			593,264
Deferred income taxes	—		46,640		40,327		380		—			87,347
Intercompany long-term liability	—		541,629		—		—		(541,629		)	—
Intercompany long-term note payable	—		—		100,000		—		(100,000		)	—
Other long-term liabilities	—		78,542		91,218		11,633		—			181,393
Stockholders' equity	869,433		888,098		1,242,574		234,209		(2,364,881		)	869,433
Total liabilities and stockholders' equity	$	869,433	$	2,541,041	$	1,690,570	$	281,174	$	(3,323,360	)	$	2,058,858

CARTER’S, INC.

Condensed Consolidating Balance Sheet

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



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	1,936,576		$	2,039,889		$	431,745		$	(945,941	)	$	3,462,269
Cost of goods sold	—			1,458,934			1,217,110			213,462			(924,720		)	1,964,786
Gross profit	—			477,642			822,779			218,283			(21,221		)	1,497,483
Royalty income, net	—			32,958			18,652			—			(12,680		)	38,930
Selling, general, and administrative expenses	—			191,068			856,665			132,951			(35,704		)	1,144,980
Operating income (loss)	—			319,532			(15,234		)	85,332			1,803			391,433
Interest expense	—			34,523			5,310			44			(5,308		)	34,569
Interest income	—			(5,329		)	(2		)	(504		)	5,308			(527		)
(Income) loss in subsidiaries	(282,068		)	(38,528		)	(71,671		)	—			392,267			—
Other expense (income), net	—			495			(189		)	1,110			—			1,416
Income (loss) before income taxes	282,068			328,371			51,318			84,682			(390,464		)	355,975
Provision for income taxes	—			48,106			12,790			13,011			—			73,907
Net income (loss)	$	282,068		$	280,265		$	38,528		$	71,671		$	(390,464	)	$	282,068

For the fiscal year ended December 30, 2017

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	1,922,930		$	1,955,703		$	372,314		$	(850,443	)	$	3,400,504
Cost of goods sold	—			1,406,517			1,143,867			196,391			(829,625		)	1,917,150
Gross profit	—			516,413			811,836			175,923			(20,818		)	1,483,354
Royalty income, net	—			34,816			19,725			—			(11,360		)	43,181
Selling, general, and administrative expenses	—			181,129			837,252			126,057			(37,510		)	1,106,928
Operating income (loss)	—			370,100			(5,691		)	49,866			5,332			419,607
Interest expense	—			29,758			5,498			96			(5,308		)	30,044
Interest income	—			(5,497		)	—			(156		)	5,308			(345		)
(Income) loss in subsidiaries	(302,848		)	(25,426		)	(38,948		)	—			367,222			—
Other (income) expense, net	—			(1,154		)	1,281			(1,291		)	—			(1,164		)
Income (loss) before income taxes	302,848			372,419			26,478			51,217			(361,890		)	391,072
Provision for income taxes	—			74,903			1,052			12,269			—			88,224
Net income (loss)	$	302,848		$	297,516		$	25,426		$	38,948		$	(361,890	)	$	302,848

CARTER’S, INC.

Condensed Consolidating Statement of Operations

For the fiscal year ended December 31, 2016

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	1,881,918		$	1,762,252		$	300,523		$	(746,150	)	$	3,198,543
Cost of goods sold	—			1,358,209			1,033,403			155,560			(727,148		)	1,820,024
Gross profit	—			523,709			728,849			144,963			(19,002		)	1,378,519
Royalty income, net	—			32,728			19,660			—			(9,573		)	42,815
Selling, general, and administrative expenses	—			177,605			753,874			101,494			(37,567		)	995,406
Operating income (loss)	—			378,832			(5,365		)	43,469			8,992			425,928
Interest expense	—			26,475			5,435			442			(5,308		)	27,044
Interest income	—			(5,756		)	—			(115		)	5,308			(563		)
(Income) loss in subsidiaries	(257,709		)	4,808			(29,308		)	—			282,209			—
Other (income) expense, net	—			(382		)	482			3,907			—			4,007
Income (loss) before income taxes	257,709			353,687			18,026			39,235			(273,217		)	395,440
Provision for income taxes	—			104,970			22,834			9,927			—			137,731
Net income (loss)	$	257,709		$	248,717		$	(4,808	)	$	29,308		$	(273,217	)	$	257,709

fiscal year ended December 30, 2017

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Net income (loss)	$	302,848		$	297,516		$	25,426		$	38,948	$	(361,890	)	$	302,848
Post-retirement benefit plans	(692		)	(692		)	(430		)	—		1,122			(692		)
Foreign currency translation adjustments	6,339			6,339			6,339			6,339		(19,017		)	6,339
Comprehensive income (loss)	$	308,495		$	303,163		$	31,335		$	45,287	$	(379,785	)	$	308,495

For the fiscal year ended December 31, 2016

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Net income (loss)	$	257,709		$	248,717		$	(4,808	)	$	29,308	$	(273,217	)	$	257,709
Post-retirement benefit plans	(335		)	(335		)	(666		)	—		1,001			(335		)
Foreign currency translation adjustments	1,962			1,962			1,962			1,962		(5,886		)	1,962
Comprehensive income (loss)	$	259,336		$	250,344		$	(3,512	)	$	31,270	$	(278,102	)	$	259,336

Condensed Consolidating Statement of Cash Flows

For the fiscal year ended December 29, 2018

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows provided by operating activities:	$	—		$	202,214		$	60,391		$	93,593		$	—		$	356,198

Cash flows from investing activities:
Capital expenditures	—			(17,589		)	(39,657		)	(6,537		)	—			(63,783		)
Acquisitions of businesses, net of cash acquired	—			—			—			96			—			96
Intercompany investing activity	272,978			(815		)	3,024			1,558			(276,745		)	—
Disposals and recoveries from property, plant, and equipment	—			—			370			10			—			380
Net cash provided by (used in) investing activities	$	272,978		$	(18,404	)	$	(36,263	)	$	(4,873	)	$	(276,745	)	$	(63,307	)

Cash flows from financing activities:
Intercompany financing activity	—			(168,705		)	(97,945		)	(10,095		)	276,745			—
Borrowings under secured revolving credit facility	—			290,000			—			—			—			290,000
Payments on secured revolving credit facility	—			(315,000		)	—			—			—			(315,000		)
Payment of debt issuance costs	—			(968		)	—			—			—			(968		)
Dividends paid	(83,717		)	—			78,522			(78,522		)	—			(83,717		)
Repurchases of common stock	(193,028		)	—			—			—			—			(193,028		)
Withholdings from vesting of restricted stock	(6,830		)	—			—			—			—			(6,830		)
Proceeds from exercises of stock options	10,597			—			—			—			—			10,597
Net cash (used in) provided by financing activities	(272,978		)	(194,673		)	(19,423		)	(88,617		)	276,745			(298,946		)
Effect of exchange rate changes on cash	—			—			—			(2,362		)	—			(2,362		)
Net increase (decrease) in cash and cash equivalents	—			(10,863		)	4,705			(2,259		)	—			(8,417		)
Cash and cash equivalents, beginning of fiscal year	—			129,463			10,030			39,001			—			178,494
Cash and cash equivalents, end of fiscal year	$	—		$	118,600		$	14,735		$	36,742		$	—		$	170,077

CARTER’S, INC.

Condensed Consolidating Statement of Cash Flows

For the fiscal year ended December 30, 2017

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows provided by operating activities:	$	—		$	167,000		$	118,814		$	43,807		$	—		$	329,621

Cash flows from investing activities:
Capital expenditures	—			(21,690		)	(38,899		)	(8,884		)	—			(69,473		)
Acquisitions of businesses, net of cash acquired	—			(143,270		)	746			(15,933		)	—			(158,457		)
Intercompany investing activity	256,991			(25,606		)	894			27,397			(259,676		)	—
Disposals and recoveries from property, plant, and equipment	—			—			15			—			—			15
Net cash provided by (used in) investing activities	$	256,991		$	(190,566	)	$	(37,244	)	$	2,580		$	(259,676	)	$	(227,915	)

Cash flows from financing activities:
Intercompany financing activity	—			(128,908		)	(83,357		)	(47,411		)	259,676			—
Borrowings under secured revolving credit facility	—			200,000			—			—			—			200,000
Payments on secured revolving credit facility	—			(145,000		)	—			(18,965		)	—			(163,965		)
Payment of debt issuance costs	—			(2,119		)	—			—			—			(2,119		)
Dividends paid	(70,914		)	—			—			—			—			(70,914		)
Repurchases of common stock	(188,762		)	—			—			—			—			(188,762		)
Withholdings from vesting of restricted stock	(5,753		)	—			—			—			—			(5,753		)
Proceeds from exercises of stock options	8,438			—			—			—			—			8,438
Net cash (used in) provided by financing activities	(256,991		)	(76,027		)	(83,357		)	(66,376		)	259,676			(223,075		)
Effect of exchange rate changes on cash	—			—			—			505			—			505
Net (decrease) increase in cash and cash equivalents	—			(99,593		)	(1,787		)	(19,484		)	—			(120,864		)
Cash and cash equivalents, beginning of fiscal year	—			229,056			11,817			58,485			—			299,358
Cash and cash equivalents, end of fiscal year	$	—		$	129,463		$	10,030		$	39,001		$	—		$	178,494

CARTER’S, INC.

Condensed Consolidating Statement of Cash Flows

For the fiscal year ended December 31, 2016

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows provided by operating activities:	$	—		$	206,841		$	127,018		$	35,370		$	—		$	369,229

Cash flows from investing activities:
Capital expenditures	—			(22,934		)	(55,072		)	(10,550		)	—			(88,556		)
Intercompany investing activity	368,307			480			(2,118		)	131			(366,800		)	—
Disposals and recoveries from property, plant, and equipment	—			23			—			193			—			216
Net cash provided by (used in) investing activities	$	368,307		$	(22,431	)	$	(57,190	)	$	(10,226	)	$	(366,800	)	(88,340		)

Cash flows from financing activities:
Intercompany financing activity	—			(283,907		)	(74,681		)	(8,212		)	366,800			—
Dividends paid	(66,355		)	—			—			—			—			(66,355		)
Repurchases of common stock	(300,445		)	—			—			—			—			(300,445		)
Income tax benefit from stock-based compensation	—			2,782			2,018			—			—			4,800
Withholdings from vesting of restricted stock	(8,673		)	—			—			—			—			(8,673		)
Proceeds from exercises of stock options	7,166			—			—			—			—			7,166
Net cash (used in) provided by financing activities	(368,307		)	(281,125		)	(72,663		)	(8,212		)	366,800			(363,507		)
Effect of exchange rate changes on cash	—			—			—			767			—			767
Net increase (decrease) in cash and cash equivalents	—			(96,715		)	(2,835		)	17,699			—			(81,851		)
Cash and cash equivalents, beginning of fiscal year	—			325,771			14,652			40,786			—			381,209
Cash and cash equivalents, end of fiscal year	$	—		$	229,056		$	11,817		$	58,485		$	—		$	299,358

- 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

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 29, 2018

Accounting Policies [Abstract]

PRINCIPLES OF CONSOLIDATION

Principles of Consolidation

FISCAL YEAR

Fiscal Year

USE OF ESTIMATES IN THE PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS

Use of Estimates in the Preparation of the Consolidated Financial Statements

FOREIGN CURRENCY TRANSLATION AND TRANSACTIONS

Foreign Currency Translation and Transactions

Translation adjustments

Transaction adjustments

Foreign Currency Contracts

CASH AND CASH EQUIVALENTS

Cash and Cash Equivalents

Concentration of cash deposits risk

ACCOUNTS RECEIVABLE

Accounts Receivable

Concentration of credit risk

In fiscal 2018, 2017, and 2016, no one customer accounted for 10% or more of the Company's consolidated net sales.

Valuation Accounts for Wholesale Accounts Receivable

Accounts receivable reserves

Sales returns reserves

Except in very limited instances, the Company does not allow its wholesale customers to return goods to the Company.

INVENTORIES

Inventories

PROPERTY, PLANT, AND EQUIPMENT

Property, Plant, and Equipment

INTERNAL-USE SOFTWARE

Internal-Use Software

VALUATION OF GOODWILL AND OTHER INTANGIBILE ASSETS

Goodwill and Other Intangible Assets

Annual impairment reviews

Goodwill

Indefinite-lived tradenames

IMPAIRMENT OF OTHER LONG-LIVED ASSETS

Impairment of Other Long-Lived Assets

DEFERRED DEBT ISSUANCE COSTS

Deferred Debt Issuance Costs

FAIR VALUE MEASUREMENTS

Fair Value Measurements



Level 1:	Quoted prices in active markets for identical assets or liabilities.
Level 2:	Quoted prices for similar assets and liabilities in active markets or inputs that are observable.
Level 3:	Unobservable inputs reflecting management's own assumptions about the inputs used in pricing the asset or liability.

REVENUE RECOGNITION

Revenue Recognition

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.


•	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.

COST OF GOODS SOLD

Costs of Goods Sold and Selling, General and Administrative Expenses

Definitions of gross profit and gross margin very across the industry and as such, our metrics may not be comparable to other companies.

ACCOUNTING FOR SHIPPING AND HANDLING FEES AND COSTS

ROYALTIES AND LICENSE FEES

Income From Royalties and License Fees

ADVERTISING EXPENSES

Advertising Expenses

STOCK-BASED COMPENSATION ARRANGEMENTS

Stock-Based Compensation Arrangements

Stock Options

The Company determines the fair value of stock options using the Black-Scholes option pricing model, which requires the use of the following subjective assumptions:


•	Volatility - This is a measure of the amount by which a stock price has fluctuated or is expected to fluctuate. The Company uses actual monthly historical changes in the market value of its stock covering the expected life of options being valued. An increase in the expected volatility will increase the fair value of the stock option and related compensation expense.


•	Risk-free interest rate - This is the U.S. Treasury rate as of the grant date having a term equal to the expected term of the stock option. An increase in the risk-free interest rate will increase the fair value of the stock option and related compensation expense.

•


•	Dividend yield - The Company estimates a dividend yield based on the current dividend amount as a percentage of the current stock price. An increase in the dividend yield will decrease the fair value of the stock option and the related compensation expenses.


•	Forfeitures - The Company estimates forfeitures of stock-based awards based on historical experience and expected future activity.

Time-Based Restricted Stock Awards

Performance-Based Restricted Stock Awards

Stock Awards

INCOME TAXES

Income Taxes

EARNINGS PER SHARE

Earnings Per Share

OPEN MARKET REPURCHASES OF COMMON STOCK

Open Market Repurchases of Common Stock

EMPLOYEE BENEFIT PLANS

Employee Benefit Plans

FACILITY CLOSURE AND OFFICE CONSOLIDATION

Facility Closure and Severance Costs

LEASES AND DEFERRED RENT

Leases and Deferred Rent

SEASONALITY

RECENT ACCOUNTING PRONOUNCEMENTS

Adopted in Fiscal 2018

Revenue from Contracts with Customers (ASC No. 606)

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

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

Definition of a Business (ASU 2017-01)

Statement of Cash Flows (ASU 2016-15)

To Be Adopted After Fiscal 2018

Leases (ASU 2016-02)

Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018-02)

Credit Losses (ASU 2016-13)

Goodwill Impairment Testing (ASU 2017-04)

REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 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:



	For the fiscal year ended
(dollars in thousands, except per share data)	2017		2016
Net sales	$	92	$	(637	)
Cost of goods sold	$	52	$	(7	)
Income before income taxes	$	40	$	(630	)
Net income	$	84	$	(397	)

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

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.

Disaggregation of Revenue



	Fiscal year ended December 29, 2018
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Wholesale channel	$	—	$	1,180,687	$	163,637	$	1,344,324
Direct-to-consumer	1,851,193		—		266,752		$	2,117,945
	$	1,851,193	$	1,180,687	$	430,389	$	3,462,269

Royalty income	$	12,877	$	22,511	$	3,542	$	38,930



	Fiscal year ended December 30, 2017
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Wholesale channel	$	—	$	1,209,663	$	160,850	$	1,370,513
Direct-to-consumer	1,775,378		—		254,613		$	2,029,991
	$	1,775,378	$	1,209,663	$	415,463	$	3,400,504

Royalty income	$	15,541	$	23,767	$	3,873	$	43,181



	Fiscal year ended December 31, 2016
(dollars in thousands)	U.S. Retail		U.S. Wholesale		International		Total
Wholesale channel	$	—	$	1,178,034	$	133,681	$	1,311,715
Direct-to-consumer	1,655,784		—		231,044		$	1,886,828
	$	1,655,784	$	1,178,034	$	364,725	$	3,198,543

Royalty income	$	12,318	$	25,000	$	5,497	$	42,815

Accounts Receivable from Customers and Licensees

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



(dollars in thousands)	December 29, 2018			December 30, 2017
Trade receivables from wholesale customers, net	$	244,258		$	229,968
Royalties receivable	9,279			9,818
Tenant allowances and other receivables	16,588			14,511
Total gross receivables	$	270,125		$	254,297
Less:
Wholesale accounts receivable reserves	(11,866		)	(13,736		)
Accounts receivable, net	$	258,259		$	240,561

Contract Liabilities

Contract Assets and Liabilities

The Company's contract assets are not material.

Contract Liabilities



(dollars in thousands)	December 29, 2018		December 30, 2017
Contract liabilities-current:
Unredeemed gift cards	$	14,471	$	11,945
Unredeemed customer loyalty rewards	7,764		7,355
Total contract liabilities-current^(*)	$	22,235	$	19,300


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

PROPERTY, PLANT, AND EQUIPMENT (Tables)

12 Months Ended

Dec. 29, 2018

Property, Plant and Equipment [Abstract]

Property, plant, and equipment

Property, plant, and equipment, net consists of the following:



(dollars in thousands)	December 29, 2018			December 30, 2017
Fixtures, equipment, computer hardware and software	$	425,686		$	430,156
Land, building, and leasehold improvements	348,131			336,981
Marketing fixtures	7,001			7,602
Construction in progress	18,517			7,358
	799,335			782,097
Accumulated depreciation and amortization	(448,898		)	(404,173		)
Total	$	350,437		$	377,924

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 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 expense
2019	$	3,732
2020	$	3,732
2021	$	3,732
2022	$	3,732
2023	$	3,690

Intangible assets table

The following table summarizes the Company’s goodwill and other intangible assets at the end of the fiscal year:



		December 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⁽¹⁾	Indefinite	$	136,570	$	—	$	136,570	$	136,570	$	—	$	136,570
Canada goodwill⁽²⁾	Indefinite	38,869		—		38,869		42,223		—		42,223
Skip Hop goodwill⁽³⁾	Indefinite	45,960		—		45,960		45,997		—		45,997
Carter's Mexico goodwill⁽⁴⁾	Indefinite	5,702		—		5,702		5,634		—		5,634
Total goodwill		$	227,101	$	—	$	227,101	$	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		752		3,159		3,550		532		3,018
Total tradenames, net		$	366,444	$	752	$	365,692	$	366,083	$	532	$	365,551

Skip Hop customer relationships	15 years	$	47,300	$	5,480	$	41,820	$	47,300	$	2,304	$	44,996
Carter's Mexico customer relationships	10 years	3,146		455		2,691		3,135		135		3,000
Total customer relationships, net		$	50,446	$	5,935	$	44,511	$	50,435	$	2,439	$	47,996

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)

12 Months Ended

Dec. 29, 2018

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

Schedule of accumulated other comprehensive (loss) income

Accumulated other comprehensive (loss) income is summarized as follows:



(dollars in thousands)	Pension liability adjustments			Post-retirement liability adjustments			Cumulative translation adjustments			Accumulated other comprehensive (loss) income
Balance at January 2, 2016	$	(8,185	)	$	1,404		$	(29,586	)	$	(36,367	)
Fiscal year 2016 change	(666		)	331			1,962			1,627
Balance at December 31, 2016	(8,851		)	1,735			(27,624		)	(34,740		)
Fiscal year 2017 change	(430		)	(262		)	6,339			5,647
Balance at December 30, 2017	(9,281		)	1,473			(21,285		)	(29,093		)
Fiscal year 2018 change	(281		)	214			(11,679		)	(11,746		)
Balance at December 29, 2018	$	(9,562	)	$	1,687		$	(32,964	)	$	(40,839	)

LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 29, 2018

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consisted of the following:



(dollars in thousands)	December 29, 2018			December 30, 2017
Senior notes at amounts repayable	$	400,000		$	400,000
Less: unamortized issuance-related costs for senior notes	(2,736		)	(3,694		)
Senior notes, net	$	397,264		$	396,306
Secured revolving credit facility	196,000			221,000
Total long-term debt, net	$	593,264		$	617,306

Schedule of redemption price applicable where redemption occurs

The redemption price is applicable when the redemption occurs during the twelve-month period beginning on August 15 of each of the years indicated is as follows:



Year	Percentage
2018	101.31	%
2019 and thereafter	100.00	%

- 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

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-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))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
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-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

COMMON STOCK (Tables)

12 Months Ended

Dec. 29, 2018

Equity [Abstract]

Open Market Repurchases

Open-market repurchases of our common stock during fiscal years 2018, 2017 and 2016 were as follows:



	Fiscal year ended
	December 29, 2018		December 30, 2017		December 31, 2016
Number of shares repurchased	1,879,529		2,103,401		3,049,381
Aggregate cost of shares repurchased (dollars in thousands)	$	193,028	$	188,762	$	300,445
Average price per share	$	102.70	$	89.74	$	98.53

- 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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-Paragraph 10
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-Subparagraph (SX 210.5-02(27))
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21488-112644

+ Details

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 29, 2018

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

Summary of recorded stock-based compensation cost

The Company recorded stock-based compensation cost as follows:



	For the fiscal years ended
(dollars in thousands)	December 29, 2018		December 30, 2017		December 31, 2016
Stock options	$	4,788	$	4,244	$	4,237
Restricted stock:
Time-based awards	7,938		7,532		7,451
Performance-based awards	744		4,602		3,974
Stock awards	1,203		1,171		1,185
Total	$	14,673	$	17,549	$	16,847

Summary of stock option activity

Changes in the Company's stock options for the fiscal year ended December 29, 2018 were as follows:



	Number of shares		Weighted- average exercise price	Weighted-average remaining contractual terms (years)	Aggregate intrinsic value (in thousands)
Outstanding, December 30, 2017	1,494,223		$61.76

Granted	255,532		$118.43
Exercised	(261,113	)	$40.58
Forfeited	(40,533	)	$98.01
Expired	(968	)	$95.10
Outstanding, December 29, 2018	1,447,141		$74.55	5.96	$	21,714

Vested and Expected to Vest, December 29, 2018	1,377,440		$73.10	5.82	$	21,714
Exercisable, December 29, 2018	851,264		$57.33	4.31	$	21,714

Assumptions used for grants and summary of stock options and restricted stock activity

The table below presents the weighted-average assumptions used to calculate the fair value of options granted in each of the respective fiscal years:



	For the fiscal years ended
	December 29, 2018			December 30, 2017			December 31, 2016
Expected volatility	22.93		%	26.20		%	26.95		%
Risk-free interest rate	2.75		%	2.06		%	1.33		%
Expected term (years)	6.0			6.0			6.0
Dividend yield	1.47		%	1.77		%	1.45		%
Weighted average fair value of options granted	$	27.36		$	19.57		$	21.41

Summary of restricted stock award activity

The following table summarizes activity related to all restricted stock awards during the fiscal year ended December 29, 2018:



	Restricted stock awards		Weighted-average grant-date fair value
Outstanding, December 30, 2017	397,848		$	85.44
Granted	143,085		$	118.03
Vested	(151,321	)	$	84.56
Forfeited	(15,604	)	$	97.83
Outstanding, December 29, 2018	374,008		$	97.57

Summary of issued shares of common stock to non-management board members



Fiscal year	Number of shares granted	Weighted-average fair value per share
2016	53,070	$	90.66
2017	60,952	$	83.84
2018	45,625	$	120.25

During fiscal years 2018, 2017, and 2016, such awards were as follows:



Fiscal year	Number of shares issued	Fair value per share	Aggregate value (in thousands)
2016	12,758	$101.10	$1,290
2017	13,860	$84.46	$1,171
2018	10,971	$109.67	$1,203

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 29, 2018

Retirement Benefits [Abstract]

Reconciliation of changes in the projected pension benefit obligation and plan assets

A reconciliation of changes in the projected pension benefit obligation and plan assets is as follows:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018			December 30, 2017
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	66,747		$	62,427
Interest cost	2,287			2,446
Actuarial (gain) loss	(4,371		)	4,269
Benefits paid	(2,366		)	(2,395		)
Projected benefit obligation at end of year	$	62,297		$	66,747

Change in plan assets:
Fair value of plan assets at beginning of year	$	54,437		$	51,213
Actual return on plan assets	(2,507		)	5,619
Employer contribution	6,000			—
Benefits paid	(2,366		)	(2,395		)
Fair value of plan assets at end of year	$	55,564		$	54,437

Unfunded status	$	6,733		$	12,310

Components of post retirement benefit expense and pension expense

The components of net periodic post-retirement cost (benefit) recognized in the statement of operations and changes recognized in other comprehensive income were as follows:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018			December 30, 2017			December 31, 2016
Recognized in the statement of operations:
Service cost – benefits attributed to service during the period	$	32		$	30		$	123
Interest cost on accumulated post-retirement benefit obligation	123			137			177
Amortization net actuarial gain^(*)	(289		)	(306		)	(198		)
Net periodic post-retirement (benefit) cost	$	(134	)	$	(139	)	$	102

Changes recognized in other comprehensive income:
Net loss (gain) arising during the fiscal year	$	(573	)	$	26		$	(740	)
Prior service cost	—			—			11
Amortization of net gain^(*)	289			306			198
Total changes recognized in other comprehensive income	$	(284	)	$	332		$	(531	)
Total net periodic (benefit) cost and changes recognized in other comprehensive income	$	(418	)	$	193		$	(429	)


(*)	Represents pre-tax amounts reclassified from accumulated other comprehensive loss. For fiscal 2019, approximately $0.4 million is expected to be reclassified from accumulated other comprehensive loss as a credit to periodic net periodic pension cost.

The components of net periodic pension cost recognized in the statement of operations and changes recognized in other comprehensive income were as follows:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018			December 30, 2017			December 31, 2016
Recognized in the statement of operations:
Interest cost	$	2,287		$	2,446		$	2,515
Expected return on plan assets	(2,934		)	(2,601		)	(2,701		)
Recognized actuarial loss⁽¹⁾	709			681			578
Net periodic pension cost	$	62		$	526		$	392

Changes recognized in other comprehensive income:
Net loss arising during the fiscal year	$	1,070		$	1,251		$	1,644
Amortization of net loss⁽¹⁾	(709		)	(681		)	(578		)
Total changes recognized in other comprehensive income	$	361		$	570		$	1,066
Total net periodic cost and changes recognized in other comprehensive income	$	423		$	1,096		$	1,458


(1)	Represents pre-tax amounts reclassified from accumulated other comprehensive loss. For fiscal 2019, approximately $0.8 million is expected to be reclassified from accumulated other comprehensive loss to a component of net periodic pension cost.

Schedule of assumptions used in actuarial computations

The actuarial computations utilized the following assumptions, using year-end measurement dates:



Benefit obligation	2018	2017
Discount rate	4.00%	3.50%

Net periodic pension cost	2018	2017	2016
Discount rate	3.50%	4.00%	4.25%
Expected long-term rate of return on assets	6.25%	6.00%	6.00%

The actuarial computations utilized the following assumptions, using year-end measurement dates:



Benefit obligation	2018	2017
Discount rate	4.00%	3.25%

Net periodic pension cost	2018	2017	2016
Discount rate	3.25%	3.50%	3.75%

Expected benefit payments for defined benefit pension plans for the next ten fiscal years

The Company currently expects benefit payments for its defined benefit pension plans as follows for the next ten fiscal years:



(dollars in thousands)
2019	$	3,020
2020	$	2,600
2021	$	2,660
2022	$	2,860
2023	$	2,940
2024-2028	$	17,850

Fair value of the Company's pension plan assets by category

The fair value of the Company's pension plan assets at December 29, 2018 and December 30, 2017, by asset category, were as follows:



(dollars in thousands)	December 29, 2018						December 30, 2017
Asset Category	Total		Level 1		Level 2		Total		Level 1		Level 2
Cash and cash equivalents	$	550	$	550	$	—	$	539	$	539	$	—
Equity Securities:
U.S. Large-Cap blend⁽¹⁾	7,693		7,693		—		7,418		7,418		—
U.S. Large-Cap growth	3,478		3,478		—		3,331		3,331		—
U.S. Mid-Cap growth	3,355		3,355		—		3,228		3,228		—
U.S. Small-Cap blend	2,224		2,224		—		2,147		2,147		—
International blend	8,302		8,302		—		8,142		8,142		—
Fixed income securities:
Corporate bonds⁽²⁾	27,247		27,006		241		26,888		26,480		408
Real estate⁽³⁾	2,715		2,715		—		2,744		2,744		—
	$	55,564	$	55,323	$	241	$	54,437	$	54,029	$	408


(1)	This category comprises low-cost equity index funds not actively managed that track the Standard & Poor's 500 Index.


(2)	This category invests in both U.S. Treasuries and mid-term corporate debt from U.S. issuers from diverse industries.


(3)	This category represents an investment in a mutual fund that invests primarily in real estate securities, including common stocks, preferred stock and other equity securities issued by real estate companies.

Reconciliation of accumulated post retirement benefit obligation

The following is a reconciliation of the accumulated post-retirement benefit obligation ("APBO") under this plan:



	For the fiscal years ended
(dollars in thousands)	December 29, 2018			December 30, 2017
APBO at beginning of fiscal year	$	3,969		$	4,125
Service cost	32			30
Interest cost	123			137
Actuarial loss (gain)	(573		)	26
Plan participants' contribution	1			6
Benefits paid	(324		)	(355		)
APBO at end of fiscal year	$	3,228		$	3,969

INCOME TAXES (Tables)

12 Months Ended

Dec. 29, 2018

Income Tax Disclosure [Abstract]

Provision for income taxes

The provision for income taxes consisted of the following:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018			December 30, 2017			December 31, 2016
Current tax provision:
Federal	$	48,129		$	117,676		$	113,326
State	9,437			11,368			11,407
Foreign	17,359			14,116			11,937
Total current provision	$	74,925		$	143,160		$	136,670

Deferred tax provision (benefit):
Federal	$	(760	)	$	(55,191	)	$	1,215
State	140			337			332
Foreign	(398		)	(82		)	(486		)
Total deferred provision	(1,018		)	(54,936		)	1,061
Total provision	$	73,907		$	88,224		$	137,731

The components of income before income taxes were as follows:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018		December 30, 2017		December 31, 2016
Domestic	$	260,722	$	325,620	$	344,674
Foreign	95,253		65,452		50,766
Total	$	355,975	$	391,072	$	395,440

Federal statutory tax rate reconciliation

The difference between the Company's effective income tax rate and the federal statutory tax rate is reconciled below:



	For the fiscal year ended
	December 29, 2018		December 30, 2017		December 31, 2016
Statutory federal income tax rate	21.0	%	35.0	%	35.0	%
State income taxes, net of federal income tax benefit	2.8	%	2.1	%	2.3	%
Impact of foreign operations	(1.5	)%	(2.7	)%	(2.1	)%
Settlement of uncertain tax positions	(0.4	)%	(0.3	)%	(0.4	)%
Benefit from stock-based compensation	(1.1	)%	(1.3	)%	—	%
Imposition of transition tax on foreign subsidiaries	—	%	2.7	%	—	%
Revaluation of deferred taxes	—	%	(12.9	)%	—	%
Total	20.8	%	22.6	%	34.8	%

Components of deferred tax assets and liabilities



(dollars in thousands)	December 29, 2018			December 30, 2017
Deferred tax assets:	Assets (Liabilities)
Accounts receivable allowance	$	3,674		$	3,632
Inventory	7,785			6,759
Accrued liabilities	10,672			13,174
Equity-based compensation	5,278			6,796
Deferred employee benefits	6,425			8,112
Deferred rent	33,761			34,422
Other	3,007			2,335
Total deferred tax assets	70,602			75,230
Deferred tax liabilities:
Depreciation	(62,898		)	(63,763		)
Tradename and licensing agreements	(89,194		)	(89,142		)
Other	(3,774		)	(5,328		)
Total deferred tax liabilities	(155,866		)	(158,233		)

Net deferred tax asset (liability)	$	(85,264	)	$	(83,003	)

Net deferred tax liability



(dollars in thousands)	December 29, 2018			December 30, 2017
	Assets (Liabilities)
Deferred tax assets^(*)	$	2,083		$	1,941
Deferred tax liabilities	(87,347		)	(84,944		)
Net deferred tax asset (liability)	$	(85,264	)	$	(83,003	)

Unrecognized tax benefits

The following is a reconciliation of the beginning and ending amount of unrecognized tax benefits:



(dollars in thousands)
Balance at January 2, 2016	$	9,415
Additions based on tax positions related to fiscal 2016	2,849
Reductions for prior year tax positions	(39		)
Reductions for lapse of statute of limitations	(995		)
Reductions for prior year tax settlements	(693		)
Balance at December 31, 2016	$	10,537
Additions based on tax positions related to fiscal 2017	3,380
Reductions for prior year tax positions	(120		)
Reductions for lapse of statute of limitations	(1,604		)
Balance at December 30, 2017	$	12,193
Additions based on tax positions related to fiscal 2018	3,350
Additions for prior year tax positions	241
Reductions for lapse of statute of limitations	(1,867		)
Balance at December 29, 2018	$	13,917

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 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:



	For the fiscal year ended
	December 29, 2018			December 30, 2017			December 31, 2016
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding	46,160,935			47,593,211			49,917,858
Dilutive effect of equity awards	487,485			552,864			457,849
Diluted number of common and common equivalent shares outstanding	46,648,420			48,146,075			50,375,707
Earnings per share:
(dollars in thousands, except per share data)
Basic net income per common share:
Net income	$	282,068		$	302,848		$	257,709
Income allocated to participating securities	(2,148		)	(2,407		)	(2,046		)
Net income available to common shareholders	$	279,920		$	300,441		$	255,663
Basic net income per common share	$	6.06		$	6.31		$	5.12

Diluted net income per common share:
Net income	$	282,068		$	302,848		$	257,709
Income allocated to participating securities	(2,132		)	(2,386		)	(2,032		)
Net income available to common shareholders	$	279,936		$	300,462		$	255,677
Diluted net income per common share	$	6.00		$	6.24		$	5.08

Anti-dilutive shares excluded from dilutive earnings per share calculations⁽¹⁾	289,839			629,944			247,460


(1)	The volume of antidilutive shares is, in part, due to the related unamortized compensation costs.

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 29, 2018

Segment Reporting [Abstract]

Schedule of segment information

The table below presents certain segment information for the periods indicated



	For the fiscal year ended
(dollars in thousands)	December 29, 2018			% of Total		December 30, 2017			% of Total		December 31, 2016			% of Total
Net sales:
U.S. Retail	$	1,851,193		53.5	%	$	1,775,378		52.2	%	$	1,655,784		51.8	%
U.S. Wholesale	1,180,687			34.1	%	1,209,663			35.6	%	1,178,034			36.8	%
International	430,389			12.4	%	415,463			12.2	%	364,725			11.4	%
Total net sales	$	3,462,269		100.0	%	$	3,400,504		100.0	%	$	3,198,543		100.0	%
Operating income:				% of segment net sales					% of segment net sales					% of segment net sales
U.S. Retail^(1)(2)(4)	$	224,784		12.1	%	$	215,640		12.1	%	$	211,951		12.8	%
U.S. Wholesale⁽³⁾⁽⁴⁾	224,194			19.0	%	252,090			20.8	%	260,953			22.2	%
International⁽⁴⁾⁽⁵⁾	39,253			9.1	%	46,426			11.2	%	59,194			16.2	%
Corporate expenses⁽⁶⁾⁽⁷⁾	(96,798		)			(94,549		)			(106,170		)
Total operating income	$	391,433		11.3	%	$	419,607		12.3	%	$	425,928		13.3	%


(1)	Fiscal 2018 includes insurance recovery of approximately $0.4 million associated with unusual storm-related store closures in 2017.


(2)	Fiscal 2017 includes approximately $2.7 million of expenses related to store restructuring and approximately $12.7 million for provisions for special employee compensation.


(3)	Includes approximately $12.8 million of charges, partially offset by a $1.9 million recovery claim settlement, related to a customer bankruptcy for fiscal 2018. Fiscal 2017 includes approximately $3.3 million for provisions for special employee compensation.


(4)	Includes $1.2 million of certain costs related to inventory acquired from Skip Hop in operating income between U.S. Wholesale, U.S. Retail, and International for fiscal 2017.


(5)	Includes international licensing income. Fiscal 2018 includes approximately $5.3 million in costs associated with changes to the Company's business model in China, which includes inventory and severance charges. Fiscal 2017 includes approximately $2.3 million for provisions for special employee compensation.


(6)	Includes expenses related to incentive compensation, stock-based compensation, executive management, severance and relocation, finance, building occupancy, information technology, certain legal fees, consulting, and audit fees.

(7)Includes the following charges for fiscal 2017 and fiscal 2016:



	For the fiscal year ended
(dollars in millions)	December 30, 2017			December 31, 2016
Provisions for special employee compensation	$	2.9		$	—
Amortization of H.W. Carter and Sons tradenames	$	—		$	1.7
Adjustment to Skip Hop contingent consideration	$	(3.6	)	$	—
Direct sourcing initiative	$	0.3		$	0.7
Acquisition-related costs	$	3.4		$	2.4

Inventory, net, by segment

The table below represents inventory by segment:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018		December 30, 2017
U.S. Wholesale^(*)	$	414,174	$	389,484
U.S. Retail	96,241		93,404
International	63,811		65,834
Total	$	574,226	$	548,722

Consolidated Net Sales by Product

The table below represents consolidated net sales by product:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018		December 30, 2017		December 31, 2016
Baby	$	1,239,009	$	1,294,404	$	1,241,452
Playclothes	1,303,610		1,239,546		1,214,995
Sleepwear	431,961		426,703		407,078
Other(*)	487,689		439,851		335,018
Total net sales	$	3,462,269	$	3,400,504	$	3,198,543


(*)	Other product offerings include bedding, outwear, swimwear, shoes, socks, diaper bags, gift sets, toys, and hair accessories.

Property, plant, and equipment, net, by geographic area

The following represents property, plant, and equipment, net, by geographic area:



	For the fiscal year ended
(dollars in thousands)	December 29, 2018		December 30, 2017
United States	$	314,679	$	337,369
International	35,758		40,555
Total	$	350,437	$	377,924

OTHER CURRENT AND LONG-TERM LIABILITIES (Tables)

12 Months Ended

Dec. 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 either fiscal year) consisted of the following:



(dollars in thousands)	December 29, 2018		December 30, 2017
Accrued bonuses and incentive compensation	$	8,409	$	27,566
Income taxes payable	17,415		16,252
Accrued employee benefits	16,421		21,735
Accrued and deferred rent	19,120		18,213

Schedule of other long-term liabilities

Other long-term liabilities that exceeded five percent of total liabilities (at the end of either fiscal year) consisted of the following:



(dollars in thousands)	December 29, 2018		December 30, 2017
Deferred lease incentives	$	72,345	$	75,104

LEASE COMMITMENTS (Tables)

12 Months Ended

Dec. 29, 2018

Leases [Abstract]

Minimum annual rental commitments under current operating leases

Minimum annual rental commitments under current non-cancellable operating leases, as of December 29, 2018, substantially all of which relate to leased real estate, were as follows:



Fiscal Year	Operating Leases
2019	$	163,963
2020	150,010
2021	134,203
2022	116,773
2023	102,487
Thereafter	235,731
Total	$	903,167

VALUATION AND QUALIFYING ACCOUNTS (Tables)

12 Months Ended

Dec. 29, 2018

Valuation and Qualifying Accounts [Abstract]

Accounts receivable reserves

Information regarding accounts receivable is as follows:



(dollars in thousands)	Wholesale accounts receivable reserves			Wholesale sales returns reserves			Total
Balance at January 2, 2016	$	8,543		$	400		$	8,943
Additional provisions	6,088			—			6,088
Charges to reserve	(5,879		)	(400		)	(6,279		)
Balance at December 31, 2016	$	8,752		$	—		$	8,752
Additional provisions	8,204			—			8,204
Charges to reserve	(3,220		)	—			(3,220		)
Balance at December 30, 2017	$	13,736		$	—		$	13,736
Additional provisions	30,280			—			30,280
Charges to reserve	(32,150		)	—			(32,150		)
Balance at December 29, 2018	$	11,866		$	—		$	11,866

UNAUDITED QUARTERLY FINANCIAL DATA (Tables)

12 Months Ended

Dec. 29, 2018

Quarterly Financial Information Disclosure [Abstract]

Unaudited summarized financial data

The unaudited summarized financial data by quarter for the fiscal years ended December 29, 2018 and December 30, 2017 is presented in the table below:



(dollars in thousands, except per share data)	Quarter 1		Quarter 2		Quarter 3		Quarter 4⁽²⁾
Fiscal 2018:
Net sales	$	755,786	$	696,197	$	923,907	$	1,086,379
Gross profit	$	332,477	$	309,958	$	387,450	$	467,598
Royalty income, net	$	7,994	$	10,355	$	10,224	$	10,357
Selling, general, and administrative expenses	$	280,162	$	263,343	$	294,117	$	307,358
Operating income	$	60,309	$	56,970	$	103,557	$	170,597
Net income	$	42,469	$	37,268	$	71,770	$	130,561
Basic net income per common share⁽¹⁾	$	0.90	$	0.80	$	1.55	$	2.85
Diluted net income per common share⁽¹⁾	$	0.89	$	0.79	$	1.53	$	2.83

Fiscal 2017:
Net sales	$	732,827	$	691,751	$	948,046	$	1,027,880
Gross profit	$	315,692	$	303,247	$	403,578	$	460,837
Royalty income, net	$	10,558	$	11,210	$	10,350	$	11,063
Selling, general, and administrative expenses	$	247,794	$	250,146	$	283,480	$	325,508
Operating income	$	78,456	$	64,311	$	130,448	$	146,392
Net income	$	46,595	$	37,793	$	82,316	$	136,144
Basic net income per common share⁽¹⁾	$	0.96	$	0.78	$	1.73	$	2.88
Diluted net income per common share⁽¹⁾	$	0.95	$	0.77	$	1.71	$	2.85


(1)	May not be additive to the net income per common share amounts for the fiscal year due to the calculation provision of ASC 260, Earnings Per Share.


(2)	The provision for income taxes recognized during the fourth quarter of fiscal 2017 reflects a benefit of $40.0 million related to the accounting for the December 22, 2017 enactment of tax law changes known as the U.S. Tax Cuts and Jobs Act of 2017.

GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)

12 Months Ended

Dec. 29, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Balance Sheets



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	118,600	$	14,735	$	36,742	$	—		$	170,077
Accounts receivable, net	—		203,546		38,753		15,960		—			258,259
Intercompany receivable	—		89,201		156,965		70,684		(316,850		)	—
Finished goods inventories	—		329,989		199,091		63,811		(18,665		)	574,226
Prepaid expenses and other current assets	—		8,483		23,987		7,926		—			40,396
Total current assets	—		749,819		433,531		195,123		(335,515		)	1,042,958
Property, plant, and equipment, net	—		133,765		180,914		35,758		—			350,437
Goodwill	—		136,570		45,368		45,163		—			227,101
Tradenames, net	—		223,073		142,619		—		—			365,692
Customer relationships, net	—		—		41,820		2,691		—			44,511
Other assets	—		24,399		1,321		2,439		—			28,159
Intercompany long-term receivable	—		—		541,629		—		(541,629		)	—
Intercompany long-term note receivable	—		100,000		—		—		(100,000		)	—
Investment in subsidiaries	869,433		1,173,415		303,368		—		(2,346,216		)	—
Total assets	$	869,433	$	2,541,041	$	1,690,570	$	281,174	$	(3,323,360	)	$	2,058,858

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	137,524	$	44,066	$	17,486	$	—		$	199,076
Intercompany Liabilities	—		220,033		93,790		3,027		(316,850		)	—
Other current liabilities	—		35,311		78,595		14,439		—			128,345
Total current liabilities	—		392,868		216,451		34,952		(316,850		)	327,421
Long-term debt, net	—		593,264		—		—		—			593,264
Deferred income taxes	—		46,640		40,327		380		—			87,347
Intercompany long-term liability	—		541,629		—		—		(541,629		)	—
Intercompany long-term note payable	—		—		100,000		—		(100,000		)	—
Other long-term liabilities	—		78,542		91,218		11,633		—			181,393
Stockholders' equity	869,433		888,098		1,242,574		234,209		(2,364,881		)	869,433
Total liabilities and stockholders' equity	$	869,433	$	2,541,041	$	1,690,570	$	281,174	$	(3,323,360	)	$	2,058,858

CARTER’S, INC.

Condensed Consolidating Balance Sheet

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

Condensed Consolidating Statements of Operations and Comprehensive Income



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	1,936,576		$	2,039,889		$	431,745		$	(945,941	)	$	3,462,269
Cost of goods sold	—			1,458,934			1,217,110			213,462			(924,720		)	1,964,786
Gross profit	—			477,642			822,779			218,283			(21,221		)	1,497,483
Royalty income, net	—			32,958			18,652			—			(12,680		)	38,930
Selling, general, and administrative expenses	—			191,068			856,665			132,951			(35,704		)	1,144,980
Operating income (loss)	—			319,532			(15,234		)	85,332			1,803			391,433
Interest expense	—			34,523			5,310			44			(5,308		)	34,569
Interest income	—			(5,329		)	(2		)	(504		)	5,308			(527		)
(Income) loss in subsidiaries	(282,068		)	(38,528		)	(71,671		)	—			392,267			—
Other expense (income), net	—			495			(189		)	1,110			—			1,416
Income (loss) before income taxes	282,068			328,371			51,318			84,682			(390,464		)	355,975
Provision for income taxes	—			48,106			12,790			13,011			—			73,907
Net income (loss)	$	282,068		$	280,265		$	38,528		$	71,671		$	(390,464	)	$	282,068

For the fiscal year ended December 30, 2017

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	1,922,930		$	1,955,703		$	372,314		$	(850,443	)	$	3,400,504
Cost of goods sold	—			1,406,517			1,143,867			196,391			(829,625		)	1,917,150
Gross profit	—			516,413			811,836			175,923			(20,818		)	1,483,354
Royalty income, net	—			34,816			19,725			—			(11,360		)	43,181
Selling, general, and administrative expenses	—			181,129			837,252			126,057			(37,510		)	1,106,928
Operating income (loss)	—			370,100			(5,691		)	49,866			5,332			419,607
Interest expense	—			29,758			5,498			96			(5,308		)	30,044
Interest income	—			(5,497		)	—			(156		)	5,308			(345		)
(Income) loss in subsidiaries	(302,848		)	(25,426		)	(38,948		)	—			367,222			—
Other (income) expense, net	—			(1,154		)	1,281			(1,291		)	—			(1,164		)
Income (loss) before income taxes	302,848			372,419			26,478			51,217			(361,890		)	391,072
Provision for income taxes	—			74,903			1,052			12,269			—			88,224
Net income (loss)	$	302,848		$	297,516		$	25,426		$	38,948		$	(361,890	)	$	302,848

CARTER’S, INC.

Condensed Consolidating Statement of Operations

For the fiscal year ended December 31, 2016

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	1,881,918		$	1,762,252		$	300,523		$	(746,150	)	$	3,198,543
Cost of goods sold	—			1,358,209			1,033,403			155,560			(727,148		)	1,820,024
Gross profit	—			523,709			728,849			144,963			(19,002		)	1,378,519
Royalty income, net	—			32,728			19,660			—			(9,573		)	42,815
Selling, general, and administrative expenses	—			177,605			753,874			101,494			(37,567		)	995,406
Operating income (loss)	—			378,832			(5,365		)	43,469			8,992			425,928
Interest expense	—			26,475			5,435			442			(5,308		)	27,044
Interest income	—			(5,756		)	—			(115		)	5,308			(563		)
(Income) loss in subsidiaries	(257,709		)	4,808			(29,308		)	—			282,209			—
Other (income) expense, net	—			(382		)	482			3,907			—			4,007
Income (loss) before income taxes	257,709			353,687			18,026			39,235			(273,217		)	395,440
Provision for income taxes	—			104,970			22,834			9,927			—			137,731
Net income (loss)	$	257,709		$	248,717		$	(4,808	)	$	29,308		$	(273,217	)	$	257,709



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income	$	282,068		$	280,265		$	38,528		$	71,671		$	(390,464	)	$	282,068
Post-retirement benefit plans	(67		)	(67		)	(282		)	—			349			(67		)
Foreign currency translation adjustments	(11,679		)	(11,679		)	(11,679		)	(11,679		)	35,037			(11,679		)
Comprehensive income	$	270,322		$	268,519		$	26,567		$	59,992		$	(355,078	)	$	270,322

For the fiscal year ended December 30, 2017

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Net income (loss)	$	302,848		$	297,516		$	25,426		$	38,948	$	(361,890	)	$	302,848
Post-retirement benefit plans	(692		)	(692		)	(430		)	—		1,122			(692		)
Foreign currency translation adjustments	6,339			6,339			6,339			6,339		(19,017		)	6,339
Comprehensive income (loss)	$	308,495		$	303,163		$	31,335		$	45,287	$	(379,785	)	$	308,495

For the fiscal year ended December 31, 2016

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
Net income (loss)	$	257,709		$	248,717		$	(4,808	)	$	29,308	$	(273,217	)	$	257,709
Post-retirement benefit plans	(335		)	(335		)	(666		)	—		1,001			(335		)
Foreign currency translation adjustments	1,962			1,962			1,962			1,962		(5,886		)	1,962
Comprehensive income (loss)	$	259,336		$	250,344		$	(3,512	)	$	31,270	$	(278,102	)	$	259,336

Condensed Consolidating Statements of Cash Flows



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows provided by operating activities:	$	—		$	202,214		$	60,391		$	93,593		$	—		$	356,198

Cash flows from investing activities:
Capital expenditures	—			(17,589		)	(39,657		)	(6,537		)	—			(63,783		)
Acquisitions of businesses, net of cash acquired	—			—			—			96			—			96
Intercompany investing activity	272,978			(815		)	3,024			1,558			(276,745		)	—
Disposals and recoveries from property, plant, and equipment	—			—			370			10			—			380
Net cash provided by (used in) investing activities	$	272,978		$	(18,404	)	$	(36,263	)	$	(4,873	)	$	(276,745	)	$	(63,307	)

Cash flows from financing activities:
Intercompany financing activity	—			(168,705		)	(97,945		)	(10,095		)	276,745			—
Borrowings under secured revolving credit facility	—			290,000			—			—			—			290,000
Payments on secured revolving credit facility	—			(315,000		)	—			—			—			(315,000		)
Payment of debt issuance costs	—			(968		)	—			—			—			(968		)
Dividends paid	(83,717		)	—			78,522			(78,522		)	—			(83,717		)
Repurchases of common stock	(193,028		)	—			—			—			—			(193,028		)
Withholdings from vesting of restricted stock	(6,830		)	—			—			—			—			(6,830		)
Proceeds from exercises of stock options	10,597			—			—			—			—			10,597
Net cash (used in) provided by financing activities	(272,978		)	(194,673		)	(19,423		)	(88,617		)	276,745			(298,946		)
Effect of exchange rate changes on cash	—			—			—			(2,362		)	—			(2,362		)
Net increase (decrease) in cash and cash equivalents	—			(10,863		)	4,705			(2,259		)	—			(8,417		)
Cash and cash equivalents, beginning of fiscal year	—			129,463			10,030			39,001			—			178,494
Cash and cash equivalents, end of fiscal year	$	—		$	118,600		$	14,735		$	36,742		$	—		$	170,077

CARTER’S, INC.

Condensed Consolidating Statement of Cash Flows

For the fiscal year ended December 30, 2017

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows provided by operating activities:	$	—		$	167,000		$	118,814		$	43,807		$	—		$	329,621

Cash flows from investing activities:
Capital expenditures	—			(21,690		)	(38,899		)	(8,884		)	—			(69,473		)
Acquisitions of businesses, net of cash acquired	—			(143,270		)	746			(15,933		)	—			(158,457		)
Intercompany investing activity	256,991			(25,606		)	894			27,397			(259,676		)	—
Disposals and recoveries from property, plant, and equipment	—			—			15			—			—			15
Net cash provided by (used in) investing activities	$	256,991		$	(190,566	)	$	(37,244	)	$	2,580		$	(259,676	)	$	(227,915	)

Cash flows from financing activities:
Intercompany financing activity	—			(128,908		)	(83,357		)	(47,411		)	259,676			—
Borrowings under secured revolving credit facility	—			200,000			—			—			—			200,000
Payments on secured revolving credit facility	—			(145,000		)	—			(18,965		)	—			(163,965		)
Payment of debt issuance costs	—			(2,119		)	—			—			—			(2,119		)
Dividends paid	(70,914		)	—			—			—			—			(70,914		)
Repurchases of common stock	(188,762		)	—			—			—			—			(188,762		)
Withholdings from vesting of restricted stock	(5,753		)	—			—			—			—			(5,753		)
Proceeds from exercises of stock options	8,438			—			—			—			—			8,438
Net cash (used in) provided by financing activities	(256,991		)	(76,027		)	(83,357		)	(66,376		)	259,676			(223,075		)
Effect of exchange rate changes on cash	—			—			—			505			—			505
Net (decrease) increase in cash and cash equivalents	—			(99,593		)	(1,787		)	(19,484		)	—			(120,864		)
Cash and cash equivalents, beginning of fiscal year	—			229,056			11,817			58,485			—			299,358
Cash and cash equivalents, end of fiscal year	$	—		$	129,463		$	10,030		$	39,001		$	—		$	178,494

CARTER’S, INC.

Condensed Consolidating Statement of Cash Flows

For the fiscal year ended December 31, 2016

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows provided by operating activities:	$	—		$	206,841		$	127,018		$	35,370		$	—		$	369,229

Cash flows from investing activities:
Capital expenditures	—			(22,934		)	(55,072		)	(10,550		)	—			(88,556		)
Intercompany investing activity	368,307			480			(2,118		)	131			(366,800		)	—
Disposals and recoveries from property, plant, and equipment	—			23			—			193			—			216
Net cash provided by (used in) investing activities	$	368,307		$	(22,431	)	$	(57,190	)	$	(10,226	)	$	(366,800	)	(88,340		)

Cash flows from financing activities:
Intercompany financing activity	—			(283,907		)	(74,681		)	(8,212		)	366,800			—
Dividends paid	(66,355		)	—			—			—			—			(66,355		)
Repurchases of common stock	(300,445		)	—			—			—			—			(300,445		)
Income tax benefit from stock-based compensation	—			2,782			2,018			—			—			4,800
Withholdings from vesting of restricted stock	(8,673		)	—			—			—			—			(8,673		)
Proceeds from exercises of stock options	7,166			—			—			—			—			7,166
Net cash (used in) provided by financing activities	(368,307		)	(281,125		)	(72,663		)	(8,212		)	366,800			(363,507		)
Effect of exchange rate changes on cash	—			—			—			767			—			767
Net increase (decrease) in cash and cash equivalents	—			(96,715		)	(2,835		)	17,699			—			(81,851		)
Cash and cash equivalents, beginning of fiscal year	—			325,771			14,652			40,786			—			381,209
Cash and cash equivalents, end of fiscal year	$	—		$	229,056		$	11,817		$	58,485		$	—		$	299,358



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows provided by operating activities:	$	—		$	167,000		$	118,814		$	43,807		$	—		$	329,621

Cash flows from investing activities:
Capital expenditures	—			(21,690		)	(38,899		)	(8,884		)	—			(69,473		)
Acquisitions of businesses, net of cash acquired	—			(143,270		)	746			(15,933		)	—			(158,457		)
Intercompany investing activity	256,991			(25,606		)	894			27,397			(259,676		)	—
Disposals and recoveries from property, plant, and equipment	—			—			15			—			—			15
Net cash provided by (used in) investing activities	$	256,991		$	(190,566	)	$	(37,244	)	$	2,580		$	(259,676	)	$	(227,915	)

Cash flows from financing activities:
Intercompany financing activity	—			(128,908		)	(83,357		)	(47,411		)	259,676			—
Borrowings under secured revolving credit facility	—			200,000			—			—			—			200,000
Payments on secured revolving credit facility	—			(145,000		)	—			(18,965		)	—			(163,965		)
Payment of debt issuance costs	—			(2,119		)	—			—			—			(2,119		)
Dividends paid	(70,914		)	—			—			—			—			(70,914		)
Repurchases of common stock	(188,762		)	—			—			—			—			(188,762		)
Withholdings from vesting of restricted stock	(5,753		)	—			—			—			—			(5,753		)
Proceeds from exercises of stock options	8,438			—			—			—			—			8,438
Net cash (used in) provided by financing activities	(256,991		)	(76,027		)	(83,357		)	(66,376		)	259,676			(223,075		)
Effect of exchange rate changes on cash	—			—			—			505			—			505
Net (decrease) increase in cash and cash equivalents	—			(99,593		)	(1,787		)	(19,484		)	—			(120,864		)
Cash and cash equivalents, beginning of fiscal year	—			229,056			11,817			58,485			—			299,358
Cash and cash equivalents, end of fiscal year	$	—		$	129,463		$	10,030		$	39,001		$	—		$	178,494

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Accounts Receivable) (Details) $ in Thousands	12 Months Ended
	Dec. 29, 2018 USD ($) customer	Dec. 30, 2017 USD ($) customer	Dec. 31, 2016 USD ($)	Jan. 02, 2016 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Cash and cash equivalents	$ 170,077	$ 178,494	$ 299,358	$ 381,209
Accounts receivable, gross	270,125	254,297
Accounts receivable, net	258,259	$ 240,561
Geographic Distribution, Foreign [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Cash and cash equivalents	$ 36,700
Accounts Receivable [Member]
Accounts Receivable [Abstract]
Customer concentration risk, gross accounts receivable	40.00%	28.00%
Number of largest wholesale customers being discussed \| customer	3	2
Maximum disclosure percentage for gross accounts receivable		10.00%
Trade Accounts Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 244,258	$ 229,968
Royalties receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	9,279	9,818
Tenant allowances and other receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 16,588	$ 14,511

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Property, Plant, and Equipment) (Details)	12 Months Ended
	Dec. 29, 2018
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	3 years
Buildings [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	15 years
Buildings [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	26 years
Retail Store Fixtures, Equipment, and Computers [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	3 years
Retail Store Fixtures, Equipment, and Computers [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	10 years
Computer Software [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	3 years
Computer Software [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	10 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Revenue Recognition) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Cooperative advertising arrangements, fair value	$ 3.0	$ 3.1	$ 3.7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Accounting for Shipping and Handling Fees and Costs) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 30, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Wholesale shipping and handling costs	$ 188.9	$ 173.5	$ 153.7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Supplemental Cash Flow Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Interest paid in cash	$ 33.6	$ 28.3	$ 25.4
Income taxes paid in cash	55.9	132.9	120.6
Property, plant and equipment additions	$ 1.9	$ 1.9	$ 2.6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Recent Accounting Pronouncements) (Details) - USD ($) $ in Thousands	Mar. 30, 2019	Dec. 29, 2018	Dec. 30, 2017	Jan. 03, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings		$ 909,816	$ 886,037
ASC 606
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings			$ 886,037	$ 600
ASC 842 \| Forecast [Member] \| Minimum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease liability	$ 800,000
Right-of use asset	650,000
ASC 842 \| Forecast [Member] \| Maximum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease liability	900,000
Right-of use asset	$ 750,000

REVENUE RECOGNITION (Details) - USD ($)	3 Months Ended								12 Months Ended
REVENUE RECOGNITION (Details) - USD ($)	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016	Jan. 03, 2016
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	$ 1,086,379,000	$ 923,907,000	$ 696,197,000	$ 755,786,000	$ 1,027,880,000	$ 948,046,000	$ 691,751,000	$ 732,827,000	$ 3,462,269,000	$ 3,400,504,000	$ 3,198,543,000
Accounts receivable, gross	270,125,000				254,297,000				270,125,000	254,297,000
Cost of goods sold									1,964,786,000	1,917,150,000	1,820,024,000
Net income	$ 130,561,000	$ 71,770,000	$ 37,268,000	$ 42,469,000	$ 136,144,000	$ 82,316,000	$ 37,793,000	$ 46,595,000	$ 282,068,000	$ 302,848,000	$ 257,709,000
Basic net income per common share (in dollars per share)	$ 2.85	$ 1.55	$ 0.80	$ 0.90	$ 2.88	$ 1.73	$ 0.78	$ 0.96	$ 6.06	$ 6.31	$ 5.12
Diluted net income per common share	$ 2.83	$ 1.53	$ 0.79	$ 0.89	$ 2.85	$ 1.71	$ 0.77	$ 0.95	$ 6.00	$ 6.24	$ 5.08
Assets, Current	$ 1,042,958,000				$ 1,020,712,000				$ 1,042,958,000	$ 1,020,712,000
Assets	2,058,858,000				2,071,042,000				2,058,858,000	2,071,042,000
Other current liabilities	128,345,000				149,134,000				128,345,000	149,134,000
Total current liabilities	327,421,000				331,248,000				327,421,000	331,248,000
Liabilities	1,189,425,000				1,213,626,000				1,189,425,000	1,213,626,000
Retained earnings	909,816,000				886,037,000				909,816,000	886,037,000
Total stockholder's equity	869,433,000				857,416,000				869,433,000	857,416,000	$ 788,363,000	$ 875,687,000
Liabilities and Equity	2,058,858,000				2,071,042,000				2,058,858,000	2,071,042,000
Contract with Customer, Refund Liability, Current	7,764,000				7,355,000				7,764,000	7,355,000
ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales										92,000	$ (637,000)
Other Assets, Current					52,935,000					52,935,000
Cumulative Effect on Retained Earnings, Net of Tax												$ 0.6
Earnings Per Share, Basic and Diluted											$ 0.01
Cost of goods sold										52,000	$ (7,000)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest										40,000	(630,000)
Net income										$ 84,000	$ (397,000)
Basic net income per common share (in dollars per share)										$ 0.00	$ (0.01)
Diluted net income per common share										$ 0	$ 0
Assets, Current					1,020,712,000					$ 1,020,712,000
Assets					2,071,042,000					2,071,042,000
Other current liabilities					149,134,000					149,134,000
Total current liabilities					331,248,000					331,248,000
Deferred Income Taxes and Other Liabilities, Noncurrent					84,944,000					84,944,000
Liabilities					1,213,626,000					1,213,626,000
Retained earnings					886,037,000					886,037,000			$ 600,000
Total stockholder's equity					857,416,000					857,416,000
Liabilities and Equity					2,071,042,000					2,071,042,000
Contract with Customer, Refund Liability, Current					3,000,000					3,000,000
Contract with Customer, Liability					400,000					400,000
Calculated under Revenue Guidance in Effect before Topic 606 [Member] \| ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Other Assets, Current					49,892,000					49,892,000
Assets, Current					1,017,669,000					1,017,669,000
Assets					2,067,999,000					2,067,999,000
Other current liabilities					146,510,000					146,510,000
Total current liabilities					328,624,000					328,624,000
Deferred Income Taxes and Other Liabilities, Noncurrent					84,848,000					84,848,000
Liabilities					1,210,906,000					1,210,906,000
Retained earnings					885,714,000					885,714,000
Total stockholder's equity					857,093,000					857,093,000
Liabilities and Equity					2,067,999,000					2,067,999,000
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] \| ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Other Assets, Current					3,043,000					3,043,000
Assets, Current					3,043,000					3,043,000
Assets					3,043,000					3,043,000
Other current liabilities					2,624,000					2,624,000
Total current liabilities					2,624,000					2,624,000
Deferred Income Taxes and Other Liabilities, Noncurrent					96,000					96,000
Liabilities					2,720,000					2,720,000
Retained earnings					323,000					323,000
Total stockholder's equity					323,000					323,000
Liabilities and Equity					3,043,000					3,043,000
Retail Segment [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									1,851,193,000	1,775,378,000	$ 1,655,784,000
Wholesale Segment [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									1,180,687,000	1,209,663,000	1,178,034,000
International
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									430,389,000	415,463,000	364,725,000
5130 Wholesale, Apparel, Piece Goods and Notions [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									1,344,324,000	1,370,513,000	1,311,715,000
5130 Wholesale, Apparel, Piece Goods and Notions [Member] \| Retail Segment [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									0	0	0
5130 Wholesale, Apparel, Piece Goods and Notions [Member] \| Wholesale Segment [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									1,180,687,000	1,209,663,000	1,178,034,000
5130 Wholesale, Apparel, Piece Goods and Notions [Member] \| International
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									163,637,000	160,850,000	133,681,000
5600 Retail, Apparel and Accessory Stores [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									2,117,945,000	2,029,991,000	1,886,828,000
5600 Retail, Apparel and Accessory Stores [Member] \| Retail Segment [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									1,851,193,000	1,775,378,000	1,655,784,000
5600 Retail, Apparel and Accessory Stores [Member] \| Wholesale Segment [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									0	0	0
5600 Retail, Apparel and Accessory Stores [Member] \| International
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									266,752,000	254,613,000	231,044,000
Licensing Agreements [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									38,930,000	43,181,000	42,815,000
Licensing Agreements [Member] \| Retail Segment [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									12,877,000	15,541,000	12,318,000
Licensing Agreements [Member] \| Wholesale Segment [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									22,511,000	23,767,000	25,000,000
Licensing Agreements [Member] \| International
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales									3,542,000	3,873,000	$ 5,497,000
Allowance for Doubtful Accounts [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Allowance for Doubtful Accounts Receivable, Current	11,866,000				13,736,000				11,866,000	13,736,000
Trade Accounts Receivable [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Accounts receivable, gross	244,258,000				229,968,000				244,258,000	229,968,000
Royalties receivable [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Accounts receivable, gross	9,279,000				9,818,000				9,279,000	9,818,000
Tenant allowances and other receivables [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Accounts receivable, gross	$ 16,588,000				$ 14,511,000				$ 16,588,000	$ 14,511,000

REVENUE RECOGNITION Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Disaggregation of Revenue [Line Items]
Net sales	$ 1,086,379	$ 923,907	$ 696,197	$ 755,786	$ 1,027,880	$ 948,046	$ 691,751	$ 732,827	$ 3,462,269	$ 3,400,504	$ 3,198,543
Accounts receivable, gross	270,125				254,297				270,125	254,297
Accounts Receivable, Net, Current	258,259				240,561				258,259	240,561
Trade Accounts Receivable [Member]
Disaggregation of Revenue [Line Items]
Accounts receivable, gross	244,258				229,968				244,258	229,968
Royalties receivable [Member]
Disaggregation of Revenue [Line Items]
Accounts receivable, gross	9,279				9,818				9,279	9,818
Tenant allowances and other receivables [Member]
Disaggregation of Revenue [Line Items]
Accounts receivable, gross	$ 16,588				$ 14,511				16,588	14,511
5130 Wholesale, Apparel, Piece Goods and Notions [Member]
Disaggregation of Revenue [Line Items]
Net sales									1,344,324	1,370,513	1,311,715
5600 Retail, Apparel and Accessory Stores [Member]
Disaggregation of Revenue [Line Items]
Net sales									2,117,945	2,029,991	1,886,828
Licensing Agreements [Member]
Disaggregation of Revenue [Line Items]
Net sales									38,930	43,181	42,815
Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales									1,851,193	1,775,378	1,655,784
Retail Segment [Member] \| 5130 Wholesale, Apparel, Piece Goods and Notions [Member]
Disaggregation of Revenue [Line Items]
Net sales									0	0	0
Retail Segment [Member] \| 5600 Retail, Apparel and Accessory Stores [Member]
Disaggregation of Revenue [Line Items]
Net sales									1,851,193	1,775,378	1,655,784
Retail Segment [Member] \| Licensing Agreements [Member]
Disaggregation of Revenue [Line Items]
Net sales									12,877	15,541	12,318
Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales									1,180,687	1,209,663	1,178,034
Wholesale Segment [Member] \| 5130 Wholesale, Apparel, Piece Goods and Notions [Member]
Disaggregation of Revenue [Line Items]
Net sales									1,180,687	1,209,663	1,178,034
Wholesale Segment [Member] \| 5600 Retail, Apparel and Accessory Stores [Member]
Disaggregation of Revenue [Line Items]
Net sales									0	0	0
Wholesale Segment [Member] \| Licensing Agreements [Member]
Disaggregation of Revenue [Line Items]
Net sales									22,511	23,767	25,000
International
Disaggregation of Revenue [Line Items]
Net sales									430,389	415,463	364,725
International \| 5130 Wholesale, Apparel, Piece Goods and Notions [Member]
Disaggregation of Revenue [Line Items]
Net sales									163,637	160,850	133,681
International \| 5600 Retail, Apparel and Accessory Stores [Member]
Disaggregation of Revenue [Line Items]
Net sales									266,752	254,613	231,044
International \| Licensing Agreements [Member]
Disaggregation of Revenue [Line Items]
Net sales									$ 3,542	$ 3,873	$ 5,497

REVENUE RECOGNITION Change in Contract with Customer, Asset and Liability (Details) - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017
Revenue from Contract with Customer [Abstract]
Gift Card Liability, Current	$ 14,471	$ 11,945
Contract with Customer, Refund Liability, Current	7,764	7,355
Contract with Customer, Liability, Current	$ 22,235	$ 19,300

BUSINESS ACQUISITIONS (Skip Hop Acquisition) (Details) - USD ($) $ in Thousands	10 Months Ended
	Dec. 30, 2017	Dec. 29, 2018	Feb. 23, 2017
Business Acquisition [Line Items]
Goodwill	$ 230,424	$ 227,101
Skip Hop [Member]
Business Acquisition [Line Items]
Percentage of voting interests acquired			100.00%
Payments to Acquire Businesses, Net of Cash Acquired	142,500
Less cash acquired at acquisition	(800)
Goodwill	46,000
Intangible Assets	104,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	53,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	20,800
Deferred income tax liabilities	$ (36,300)

BUSINESS ACQUISITIONS (Acquisition of Mexican Licensee) (Details) - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017
Business Acquisition [Line Items]
Goodwill	$ 227,101	$ 230,424
Mexican Licensee [Member]
Business Acquisition [Line Items]
Inventory	8,000	8,300
Intangible Assets	3,500	3,500
Goodwill	$ 6,300	$ 6,200

PROPERTY, PLANT, AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Depreciation, Depletion and Amortization, Nonproduction	$ 85,900	$ 81,800	$ 71,500
Property, plant and equipment, gross	799,335	782,097
Accumulated depreciation and amortization	(448,898)	(404,173)
Property, plant, and equipment, net	350,437	377,924
Fixtures, Equipment, and Computers [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	425,686	430,156
Land, Buildings, and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	348,131	336,981
Marketing Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	7,001	7,602
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 18,517	$ 7,358

GOODWILL AND OTHER INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	$ 227,101	$ 230,424
Goodwill	227,101	230,424
Amortization of intangible assets	3,700	2,600	$ 1,900
Year one	3,732
Year two	3,732
Year three	3,732
Year four	3,732
Year five	3,690
Other Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Finite intangible assets, Gross amount	3,911	3,550
Finite intangible assets, Accumulated amortization	752	532
Finite intangible assets, Net amount	3,159	3,018
Amortization of intangible assets		0	$ 1,700
Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Finite intangible assets, Gross amount	366,444	366,083
Finite intangible assets, Accumulated amortization	752	532
Finite intangible assets, Net amount	$ 365,692	365,551
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	47,300
Finite intangible assets, Accumulated amortization	5,480	2,304
Finite intangible assets, Net amount	$ 41,820	44,996
Carters Mexico Customer Relationships [Member]
Goodwill and Other Intangible Assets [Line Items]
Weighted-average useful life	10 years
Finite intangible assets, Gross amount	$ 3,146	3,135
Finite intangible assets, Accumulated amortization	455	135
Finite intangible assets, Net amount	2,691	3,000
Customer Relationships [Member]
Goodwill and Other Intangible Assets [Line Items]
Finite intangible assets, Gross amount	50,446	50,435
Finite intangible assets, Accumulated amortization	5,935	2,439
Finite intangible assets, Net amount	44,511	47,996
Carter's Goodwill [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	136,570	136,570
Goodwill	136,570	136,570
Carter's Goodwill [Member] \| Wholesale Segment [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill	45,900
Carter's Goodwill [Member] \| Retail Segment [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill	82,000
Carter's Goodwill [Member] \| International Segment [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill	8,600
Canada Acquisition Goodwill [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	38,869	42,223
Goodwill	38,869	42,223
Skip Hop Goodwill [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	45,960	45,997
Goodwill	45,960	45,997
Skip Hop Goodwill [Member] \| Wholesale Segment [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill	28,600
Skip Hop Goodwill [Member] \| Retail Segment [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill	15,500
Skip Hop Goodwill [Member] \| International Segment [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill	1,900
Carters Mexico [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	5,702	5,634
Goodwill	5,702	5,634
Carter's Tradename [Member]
Goodwill and Other Intangible Assets [Line Items]
Indefinite intangible assets	220,233	220,233
Oshkosh Tradename [Member]
Goodwill and Other Intangible Assets [Line Items]
Indefinite intangible assets	85,500	85,500
Skip Hop Trade Name [Member]
Goodwill and Other Intangible Assets [Line Items]
Indefinite intangible assets	$ 56,800	$ 56,800
Minimum [Member] \| Other Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Weighted-average useful life	5 years
Maximum [Member] \| Other Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Weighted-average useful life	20 years

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Cumulative translation adjustment, beginning balance	$ (21,285)	$ (27,624)	$ (29,586)
Cumulative translation adjustment, current year change	(11,679)	6,339	1,962
Cumulative translation adjustment, ending balance	(32,964)	(21,285)	(27,624)
Accumulated other comprehensive income (loss), beginning balance	(29,093)	(34,740)	(36,367)
Total other comprehensive income (loss)	(11,746)	5,647	1,627
Accumulated other comprehensive income (loss), ending balance	(40,839)	(29,093)	(34,740)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Pension/post-retirement liability adjustment, beginning balance	(9,281)	(8,851)	(8,185)
Pension/post-retirement liability adjustment, current year change		(430)	(666)
Pension/post-retirement liability adjustment, ending balance	(9,562)	(9,281)	(8,851)
Pension/post-retirement liability adjustments, tax benefit	5,400	5,300
Postretirement Benefit
Defined Benefit Plan Disclosure [Line Items]
Pension/post-retirement liability adjustment, beginning balance	1,473	1,735	1,404
Pension/post-retirement liability adjustment, current year change		(262)	331
Pension/post-retirement liability adjustment, ending balance	1,687	1,473	$ 1,735
Pension/post-retirement liability adjustments, tax benefit	$ 1,000	$ 1,000

LONG-TERM DEBT (Schedule of Long Term Debt) (Details) - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017
Debt Instrument [Line Items]
Long-term debt, BS	$ 593,264	$ 617,306
Senior notes
Debt Instrument [Line Items]
Long-term debt, BS	$ 400,000

- Definition

The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

LONG-TERM DEBT (Senior Notes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 28, 2013	Dec. 30, 2017	Aug. 12, 2013
Debt Instrument [Line Items]
Long-term debt, net	$ 593,264		$ 617,306
Changes of Control [Member]
Debt Instrument [Line Items]
Redemption price, percentage	101.00%
Sale of Certain Assets [Member]
Debt Instrument [Line Items]
Redemption price, percentage	100.00%
Redemption, 2018 [Member]
Debt Instrument [Line Items]
Redemption price, percentage	101.31%
Redemption, 2019 and Thereafter [Member]
Debt Instrument [Line Items]
Redemption price, percentage	100.00%
Senior notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 400,000		400,000
Debt Issuance Costs, Net	(2,736)		(3,694)
Long-term Debt	397,264		396,306
Secured revolving credit facility
Debt Instrument [Line Items]
Long-term Debt	196,000		221,000
Long-term debt, net	196,000		$ 221,000
TWCC [Member] \| Senior notes
Debt Instrument [Line Items]
Long-term Debt, Gross				$ 400,000
Debt Issuance Costs, Gross				$ 7,000
Stated interest rate				5.25%
Proceeds from senior notes		$ 394,200
Restricted amount of dividends payable	$ 100,000
Restriction on dividends payable, net income benchmark	50.00%
Ownership percentage of notes, to declare notes due and payable	25.00%

LONG-TERM DEBT (Secured Revolving Credit Facility) (Details)		12 Months Ended
	Aug. 25, 2017 USD ($)	Dec. 29, 2018 USD ($)	Dec. 30, 2017 USD ($)	Dec. 31, 2016 USD ($)	Sep. 21, 2018 USD ($)
Debt Instrument [Line Items]
Long-term debt, BS		$ 593,264,000	$ 617,306,000
Borrowings under secured revolving credit facility		290,000,000	200,000,000	$ 0
Outstanding letters of credit		$ 5,000,000	4,500,000
Debt covenants, EBITDAR restrictions (as a ratio)		4.00
Debt covenant, fixed charge coverage ratio		2.25
Long-term Debt, Excluding Current Maturities		$ 593,264,000	$ 617,306,000
fiscal quarter of material acquisition [Member]
Debt Instrument [Line Items]
Debt covenants, EBITDAR restrictions (as a ratio)		4.50
Debt covenant, fixed charge coverage ratio		2.00
LIBOR [Member]
Debt Instrument [Line Items]
Stated interest rate		1.625%
Effective interest rate (in hundredths)		4.11%	2.93%
LIBOR [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Variable interest rate, basis spread (as a percentage)		1.125%
LIBOR [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Variable interest rate, basis spread (as a percentage)		1.875%
Base Rate [Member]
Debt Instrument [Line Items]
Stated interest rate		0.625%
Base Rate [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Variable interest rate, basis spread (as a percentage)		0.125%
Base Rate [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Variable interest rate, basis spread (as a percentage)		0.875%
Amended Credit Facility [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	2.25
Debt Issuance Costs, Net	$ 2,100,000				$ 1,000,000
Secured revolving credit facility
Debt Instrument [Line Items]
Long-term Debt		$ 196,000,000	$ 221,000,000
Available for future borrowing		549,000,000	524,500,000
Long-term Debt, Excluding Current Maturities		$ 196,000,000	$ 221,000,000
Secured revolving credit facility \| Amended Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	425,000,000
Secured revolving credit facility	750,000,000
Debt Instrument, Term		5 years
United States Dollar Credit Facility [Member] \| Amended Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	350,000,000
Secured revolving credit facility	650,000,000
Multicurrency Revolving Credit Facility [Member] \| Amended Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	75,000,000
Secured revolving credit facility	100,000,000
Short-term Debt	15,000,000
Standby Letters of Credit [Member] \| United States Dollar Credit Facility [Member] \| Amended Credit Facility [Member]
Debt Instrument [Line Items]
Short-term Debt	100,000,000
Standby Letters of Credit [Member] \| Multicurrency Revolving Credit Facility [Member] \| Amended Credit Facility [Member]
Debt Instrument [Line Items]
Short-term Debt	40,000,000
Bridge Loan [Member] \| United States Dollar Credit Facility [Member] \| Amended Credit Facility [Member]
Debt Instrument [Line Items]
Short-term Debt	$ 70,000,000

COMMON STOCK (Share Repurchases) (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Feb. 24, 2016	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Accelerated Share Repurchases [Line Items]
Stock repurchase, additional authorized amount	$ 500,000				$ 462,500
Stock repurchase, authorized amount	$ 1,460,000
Remaining capacity under authorization		$ 392,600
Stock Repurchased, shares		1,879,529	2,103,401	3,049,381
Average price of repurchased and retired shares		$ 102.70	$ 89.74	$ 98.53
Stock Repurchased During Period, Value		$ 193,028	$ 188,762	$ 300,445	$ 387,600

COMMON STOCK (Dividends) (Details) - $ / shares		3 Months Ended					12 Months Ended
COMMON STOCK (Dividends) (Details) - $ / shares	Feb. 14, 2019	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Subsequent Event [Line Items]
Dividend declared and paid per common share		$ 0.45	$ 0.45	$ 0.45	$ 0.45	$ 0.37	$ 1.80	$ 1.48	$ 1.32
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend declared and paid per common share	$ 0.5

STOCK-BASED COMPENSATION (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016	May 17, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in the number of shares under the existing plan (in shares)				3,000,000
Original number of shares available under the plan (in shares)				15,778,392
Stock available under the existing plan (in shares)				18,778,392
Available for grant under the Plan (in shares)	3,702,701
Intrinsic value of basic stock options exercised	$ 16.6	$ 14.9	$ 9.0
Weighted- average exercise price per share, Exercisable (in dollars per share)	$ 57.33
Vested and expected to vest (in shares)	1,377,440
Weighted- average exercise price per share, Vested and Expected to Vest (in dollars per share)	$ 73.10
Weighted-average expense recognition period (in years)	2 years 3 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	151,321	168,471	218,335
Granted (in shares)	143,085
Granted (in dollars per share)	$ 118.03
Vested (in dollars per share)	$ 84.56	$ 74.00	$ 62.98
Shares outstanding (in shares)	374,008	397,848
Weighted-average grant-date fair value outstanding (in dollars per share)	$ 97.57	$ 85.44
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	4 years
Unrecognized compensation cost	$ 8.8
Weighted-average expense recognition period (in years)	2 years 6 months 24 days
Performance-based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 2.6
Weighted-average expense recognition period (in years)	1 year 7 months 28 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	50,696
Vested (in dollars per share)	$ 82.40
Shares outstanding (in shares)	153,922
Weighted-average grant-date fair value outstanding (in dollars per share)	$ 96.47
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 16.0
Time-based restricted stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 13.4
Weighted-average expense recognition period (in years)	2 years 5 months
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	100,625	114,703	124,135
Vested (in dollars per share)	$ 85.64	$ 76.58	$ 65.80
Time-based restricted stock [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
Time-based restricted stock [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	4 years
Performance-based restricted stock awards to the CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	45,625	60,952	53,070
Granted (in dollars per share)	$ 120.25	$ 83.84	$ 90.66

STOCK-BASED COMPENSATION (Stock-Based Compensation by Award Type) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	151,321	168,471	218,335
Stock-based compensation	$ 14,673	$ 17,549	$ 16,847
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	$ 14,673	$ 16,378	$ 15,662
Vested (in dollars per share)	$ 84.56	$ 74.00	$ 62.98
Shares outstanding (in shares)	374,008	397,848
Weighted-average grant-date fair value outstanding (in dollars per share)	$ 97.57	$ 85.44
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 4,788	$ 4,244	$ 4,237
Time-based restricted stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	100,625	114,703	124,135
Vested (in dollars per share)	$ 85.64	$ 76.58	$ 65.80
Time-based awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 7,938	$ 7,532	$ 7,451
Performance-based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 3,900
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	50,696
Stock-based compensation	$ 744	4,602	3,974
Vested (in dollars per share)	$ 82.40
Shares outstanding (in shares)	153,922
Weighted-average grant-date fair value outstanding (in dollars per share)	$ 96.47
Stock awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 1,203	$ 1,171	$ 1,185

STOCK-BASED COMPENSATION (Stock Option Activity) (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 29, 2018 USD ($) $ / shares shares
Stock Options (Number of shares)
Outstanding, beginning balance (in shares) \| shares	1,494,223
Granted (in shares) \| shares	255,532
Exercised (in shares) \| shares	(261,113)
Forfeited (in shares) \| shares	(40,533)
Expired (in shares) \| shares	(968)
Outstanding, ending balance (in shares) \| shares	1,447,141
Vested and expected to vest (in shares) \| shares	1,377,440
Exercisable (in shares) \| shares	851,264
Stock Options (Weighted-average exercise price)
Weighted- average exercise price per share beginning balance (in dollars per share) \| $ / shares	$ 61.76
Granted (in dollars per share) \| $ / shares	118.43
Exercised (in dollars per share) \| $ / shares	40.58
Forfeited (in dollars per share) \| $ / shares	98.01
Expired (in dollars per share) \| $ / shares	95.10
Weighted- average exercise price per share ending balance (in dollars per share) \| $ / shares	74.55
Weighted- average exercise price per share, Vested and Expected to Vest (in dollars per share) \| $ / shares	73.10
Weighted- average exercise price per share, Exercisable (in dollars per share) \| $ / shares	$ 57.33
Weighted-average remaining contractual terms (years), Outstanding	5 years 11 months 15 days
Weighted-average remaining contractual terms (years), Vested and Expected to Vest	5 years 9 months 24 days
Weighted-average remaining contractual terms (years), Exercisable	4 years 3 months 22 days
Aggregate intrinsic value, Outstanding \| $	$ 21,714
Aggregate intrinsic value, Vested and Expected to Vest \| $	21,714
Aggregate intrinsic value, Exercisable \| $	$ 21,714

STOCK-BASED COMPENSATION (Weighted-Average Assumptions) (Details) - Stock options - $ / shares	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Volatility	22.93%	26.20%	26.95%
Risk-free interest rate	2.75%	2.06%	1.33%
Expected term (years)	6 years	6 years	6 years
Dividend yield	1.47%	1.77%	1.45%
Weighted average fair value of options granted	$ 27.36	$ 19.57	$ 21.41

STOCK-BASED COMPENSATION (Restricted Stock Activity) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016	Dec. 29, 2018
Restricted Stock
Shares outstanding (in shares)	397,848
Granted (in shares)	143,085
Vested (in shares)	(151,321)	(168,471)	(218,335)
Forfeited (in shares)	(15,604)
Shares outstanding (in shares)	374,008	397,848
Weighted-average grant-date fair value
Weighted-average grant-date fair value outstanding (in dollars per share)	$ 97.57	$ 85.44		$ 97.57
Granted (in dollars per share)	118.03
Vested (in dollars per share)	84.56	74.00	$ 62.98
Forfeited (in dollars per share)	97.83
Weighted-average grant-date fair value outstanding (in dollars per share)	$ 97.57	$ 85.44
Weighted-average expense recognition period (in years)	2 years 3 months 24 days
Performance-based restricted stock awards to the CEO
Restricted Stock
Granted (in shares)	45,625	60,952	53,070
Weighted-average grant-date fair value
Granted (in dollars per share)	$ 120.25	$ 83.84	$ 90.66
Time-based restricted stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost				$ 13.4
Restricted Stock
Vested (in shares)	(100,625)	(114,703)	(124,135)
Weighted-average grant-date fair value
Vested (in dollars per share)	$ 85.64	$ 76.58	$ 65.80
Weighted-average expense recognition period (in years)	2 years 5 months
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost				16.0
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost				$ 2.6
Restricted Stock
Vested (in shares)	(50,696)
Shares outstanding (in shares)	153,922
Weighted-average grant-date fair value
Weighted-average grant-date fair value outstanding (in dollars per share)	$ 96.47			$ 96.47
Vested (in dollars per share)	82.40
Weighted-average grant-date fair value outstanding (in dollars per share)	$ 96.47
Weighted-average expense recognition period (in years)	1 year 7 months 28 days

STOCK-BASED COMPENSATION (Non-Management Board Directors) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value per share	$ 118.03
Aggregate value		$ 1,171	$ 1,185
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued	10,971	13,860	12,758
Fair value per share	$ 109.67	$ 84.46	$ 101.10
Aggregate value	$ 1,203		$ 1,290

EMPLOYEE BENEFIT PLANS (Defined Benefit Plans Narratives) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Expected long-term rate of return on assets	5.50%
Contribution	$ 300	$ 300	$ 400
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	$ 6,000
Defined Benefit Plan, Assumptions Used in Calculation, Description	0.25%
Defined Benefit Plan, Benefit Obligation	$ 62,297	66,747	$ 62,427
Defined Benefit Plan, Funded (Unfunded) Status of Plan	6,733	$ 12,310
Effect of 0.25% increase on projected benefit obligation	$ 2,000
Expected long-term rate of return on assets	6.25%	6.00%	6.00%
Contribution	$ 6,000	$ 0
Benefit payments	3,020
Expected contribution and benefit payment, five years subsequent to 2017	17,850
2020	$ 2,600
Pension Plans \| Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocation for plan assets in equity securities (as a percent)	45.00%
Pension Plans \| Bond Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocation for plan assets in equity securities (as a percent)	50.00%
Pension Plans \| Real Estate Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocation for plan assets in equity securities (as a percent)	5.00%
Postretirement Benefit
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	$ 300
Defined Benefit Plan, Benefit Obligation	3,228	3,969	$ 4,125
Benefit payments	300
Expected contribution and benefit payment, five years subsequent to 2017	1,100
2020	300
Other Long Term Liabilities \| Postretirement Benefit
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation	$ 2,900	$ 3,600

EMPLOYEE BENEFIT PLANS (Benefit Obligation and Plan Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Change in plan assets:
Contribution	$ 300	$ 300	$ 400
Pension Plans
Change in projected benefit obligation:
Benefit obligation at beginning of period	66,747	62,427
Interest cost	2,287	2,446	2,515
Actuarial (gain) loss	(4,371)	4,269
Benefits paid	(2,366)	(2,395)
Benefit obligation at end of period	62,297	66,747	62,427
Change in plan assets:
Fair value of plan assets at beginning of year	54,437	51,213
Actual return on plan assets	(2,507)	5,619
Fair value of plan assets at end of year	55,564	54,437	51,213
Contribution	6,000	0
Defined Benefit Plan, Benefit Obligation, Benefits Paid	2,366	2,395
Postretirement Benefit
Change in projected benefit obligation:
Benefit obligation at beginning of period	3,969	4,125
Service cost	32	30	123
Interest cost	123	137	177
Actuarial (gain) loss	(573)	26
Plan participants' contribution	1	6
Benefit obligation at end of period	3,228	3,969	$ 4,125
Change in plan assets:
Defined Benefit Plan, Benefit Obligation, Benefits Paid	324	355
Postretirement Benefit \| Other Long Term Liabilities
Change in projected benefit obligation:
Benefit obligation at beginning of period	3,600
Benefit obligation at end of period	$ 2,900	$ 3,600

EMPLOYEE BENEFIT PLANS (Net Periodic (Benefit) Cost) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost on accumulated benefit obligation	$ 2,287	$ 2,446	$ 2,515
Expected return on assets	(2,934)	(2,601)	(2,701)
Amortization of net actuarial gain (loss)	709	681	578
Total net periodic (benefit) cost	62	526	392
Total net periodic cost (benefit) and changes recognized in OCI	423	1,096	1,458
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax [Abstract]
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax	1,070	1,251	1,644
Amortization of actuarial gain/loss	(709)	(681)	(578)
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax	361	570	1,066
Postretirement Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost - benefits attributed to service during the period	32	30	123
Interest cost on accumulated benefit obligation	123	137	177
Amortization of net actuarial gain (loss)	(289)	(306)	(198)
Total net periodic (benefit) cost	(134)	(139)	102
Total net periodic cost (benefit) and changes recognized in OCI	(418)	193	(429)
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax [Abstract]
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax	(573)	26	(740)
Amortization of actuarial gain/loss	(289)	(306)	(198)
Net prior service cost	0	0	11
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax	(284)	$ 332	$ (531)
Reclassification out of Accumulated Other Comprehensive Income \| Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Amortization of net actuarial gain (loss)	800
Reclassification out of Accumulated Other Comprehensive Income \| Postretirement Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Amortization of net actuarial gain (loss)	$ 400

EMPLOYEE BENEFIT PLANS (Assumptions) (Details)	12 Months Ended
EMPLOYEE BENEFIT PLANS (Assumptions) (Details)	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Net periodic pension cost
Expected long-term rate of return on assets	5.50%
Pension Plans
Benefit obligation
Discount rate	4.00%	3.50%
Net periodic pension cost
Discount rate	3.50%	4.00%	4.25%
Expected long-term rate of return on assets	6.25%	6.00%	6.00%
Postretirement Benefit
Benefit obligation
Discount rate	4.00%	3.25%
Net periodic pension cost
Discount rate	3.25%	3.50%	3.75%

EMPLOYEE BENEFIT PLANS (Expected Benefit Payments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Contribution	$ 300	$ 300	$ 400
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	6,000
Contribution	6,000	$ 0
2019	3,020
2020	2,600
2021	2,660
2022	2,860
2023	2,940
2024 and thereafter	17,850
Postretirement Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year	300
2019	300
2020	300
2021	300
2022	300
2024 and thereafter	$ 1,100

EMPLOYEE BENEFIT PLANS (Plan Assets) (Details) - Pension Plans - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 55,564	$ 54,437	$ 51,213
Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	55,323	54,029
Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	241	408
Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	550	539
Cash and Cash Equivalents [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	550	539
Cash and Cash Equivalents [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. Large-Cap blend [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7,693	7,418
U.S. Large-Cap blend [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7,693	7,418
U.S. Large-Cap blend [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. Large-Cap growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,478	3,331
U.S. Large-Cap growth [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,478	3,331
U.S. Large-Cap growth [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. Mid-Cap growth [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,355	3,228
U.S. Mid-Cap growth [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,355	3,228
U.S. Mid-Cap growth [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. Small-Cap blend [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,224	2,147
U.S. Small-Cap blend [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,224	2,147
U.S. Small-Cap blend [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
International blend [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	8,302	8,142
International blend [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	8,302	8,142
International blend [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Corporate Bond Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	27,247	26,888
Corporate Bond Securities [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	27,006	26,480
Corporate Bond Securities [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	241	408
Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,715	2,744
Real Estate [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,715	2,744
Real Estate [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	$ 0

EMPLOYEE BENEFIT PLANS (Defined Contribution Plans) (Details) - Defined Contribution Plan - USD ($) $ in Millions	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
United States
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Minimum age participation for the defined contribution plan (in years)	21 years
Minimum service participation for the defined contribution plan (in months)	1 month
Minimum hours service participation for the defined contribution plan (in hours)	1000 hours
Defined contribution plan expense for the fiscal year	$ 8.0	$ 13.9	$ 10.5
Canada
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Defined contribution plan expense for the fiscal year	$ 0.1	$ 0.3

INCOME TAXES (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
INCOME TAXES (Narrative) (Details) - USD ($) $ in Millions	Dec. 30, 2017	Dec. 29, 2018
Income Tax Disclosure [Abstract]
Provisional income tax benefit	$ 40.0
Unrecognized deferred tax liability related to undistributed earnings		$ 2.0
Foreign earnings	10.4
Remeasurement of certain deferred income tax	$ 50.4

INCOME TAXES (Provision for Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Undistributed Earnings of Foreign Subsidiaries	$ 82,000
Current tax provision:
Federal	48,129	$ 117,676	$ 113,326
State	9,437	11,368	11,407
Foreign	17,359	14,116	11,937
Total current provision	74,925	143,160	136,670
Deferred tax provision (benefit):
Federal	(760)	(55,191)	1,215
State	140	337	332
Foreign	(398)	(82)	(486)
Total deferred provision (benefit)	(1,018)	(54,936)	1,061
Total provision	$ 73,907	88,224	$ 137,731
Foreign earnings		$ 10,400

INCOME TAXES (Income Before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Domestic	$ 260,722	$ 325,620	$ 344,674
Foreign	95,253	65,452	50,766
Total	$ 355,975	$ 391,072	$ 395,440

INCOME TAXES (Effective Rate Reconciliation) (Details)	12 Months Ended
INCOME TAXES (Effective Rate Reconciliation) (Details)	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Income tax rate reconciliation [Abstract]
Statutory federal income tax rate	21.00%	35.00%	35.00%
State income taxes, net of federal income tax benefit	2.80%	2.10%	2.30%
Impact of foreign operations	(1.50%)	(2.70%)	(2.10%)
Settlement of uncertain tax positions	(0.40%)	(0.30%)	(0.40%)
Benefit from stock-based compensation	(1.10%)	(1.30%)	(0.00%)
Imposition of transition tax on foreign subsidiaries	0.00%	2.70%	0.00%
Revaluation of deferred taxes	0.00%	(12.90%)	0.00%
Total	20.80%	22.60%	34.80%

INCOME TAXES (Deferred Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 29, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Remeasurement of certain deferred income tax	$ 50,400
Current net deferred tax asset	1,941	$ 2,083
Non-current net deferred tax liability	(84,944)	(87,347)
Deferred tax assets:
Accounts receivable allowance	3,632	3,674
Inventory	6,759	7,785
Accrued liabilities	13,174	10,672
Equity-based compensation	6,796	5,278
Deferred employee benefits	8,112	6,425
Deferred rent	34,422	33,761
Other	2,335	3,007
Total deferred tax assets	75,230	70,602
Deferred tax liabilities:
Depreciation	(63,763)	(62,898)
Tradename and licensing agreements	(89,142)	(89,194)
Other	(5,328)	(3,774)
Total deferred tax liabilities	158,233	155,866
Net deferred tax asset (liability)	$ (83,003)	$ (85,264)

INCOME TAXES (Uncertain Tax Provisions) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Unrecognized income tax benefits [Roll Forward]
Beginning Balance	$ 12,193	$ 10,537	$ 9,415
Additions based on fiscal year tax positions	3,350	3,380	2,849
Reductions for prior year tax positions		(120)	(39)
Reductions for lapse of statute of limitations	(1,867)	(1,604)	(995)
Reductions for prior year tax settlements			(693)
Additions for prior year tax positions	241
Ending Balance	13,917	12,193	$ 10,537
Impact of recognized tax benefit on effective tax rate, if recognized	11,900
Tax reserve for which statute of limitations is expected to expire	2,900
Other Tax Expense (Benefit)	800
Interest accrued for uncertain tax positions	$ 1,800	$ 1,000

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding (in shares)									46,160,935	47,593,211	49,917,858
Dilutive effect of unvested restricted stock awards (in shares)									487,485	552,864	457,849
Diluted number of common and common equivalent shares outstanding (in shares)									46,648,420	48,146,075	50,375,707
Basic net income per common share:
Net income	$ 130,561	$ 71,770	$ 37,268	$ 42,469	$ 136,144	$ 82,316	$ 37,793	$ 46,595	$ 282,068	$ 302,848	$ 257,709
Income allocated to participating securities									(2,148)	(2,407)	(2,046)
Net income available to common shareholders									$ 279,920	$ 300,441	$ 255,663
Basic net income per common share (in dollars per share)	$ 2.85	$ 1.55	$ 0.80	$ 0.90	$ 2.88	$ 1.73	$ 0.78	$ 0.96	$ 6.06	$ 6.31	$ 5.12
Diluted net income per common share:
Net income	$ 130,561	$ 71,770	$ 37,268	$ 42,469	$ 136,144	$ 82,316	$ 37,793	$ 46,595	$ 282,068	$ 302,848	$ 257,709
Income allocated to participating securities									(2,132)	(2,386)	(2,032)
Net income available to common shareholders									$ 279,936	$ 300,462	$ 255,677
Diluted net income per common share (in dollars per share)	$ 2.83	$ 1.53	$ 0.79	$ 0.89	$ 2.85	$ 1.71	$ 0.77	$ 0.95	$ 6.00	$ 6.24	$ 5.08
Anti-dilutive shares excluded from dilutive earnings per share calculations (1)									289,839	629,944	247,460

SEGMENT INFORMATION (Reportable Segments) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Net sales	$ 1,086,379	$ 923,907	$ 696,197	$ 755,786	$ 1,027,880	$ 948,046	$ 691,751	$ 732,827	$ 3,462,269	$ 3,400,504	$ 3,198,543
Percentage of total net sales									100.00%	100.00%	100.00%
Operating income (loss)	$ 170,597	$ 103,557	$ 56,970	$ 60,309	$ 146,392	$ 130,448	$ 64,311	$ 78,456	$ 391,433	$ 419,607	$ 425,928
Operating income as percentage of segment net sales									11.30%	12.30%	13.30%
Corporate expenses									$ (96,798)	$ (94,549)	$ (106,170)
Provisions for special employee compensation										2,900	0
Provisions for doubtful accounts receivable from customers									15,801	4,663	562
Amortization of H.W. Carter and Sons tradenames									3,700	2,600	1,900
Acquisition-related costs										3,400	2,400
Sourcing Initiative
Segment Reporting Information [Line Items]
Corporate expenses										(300)	(700)
H. W. Carter and Sons Tradenames [Member]
Segment Reporting Information [Line Items]
Amortization of H.W. Carter and Sons tradenames										0	1,700
Skip Hop [Member]
Segment Reporting Information [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability										3,600	0
Retail [Member]
Segment Reporting Information [Line Items]
Insurance Recoveries									400
Wholesale [Member]
Segment Reporting Information [Line Items]
Provisions for doubtful accounts receivable from customers									12,800
Allowance for Doubtful Accounts Receivable, Recoveries									1,900
International
Segment Reporting Information [Line Items]
Net sales									430,389	415,463	364,725
Operating income (loss)									5,300
Wholesale, Retail and International Segment [Member] \| Skip Hop [Member]
Segment Reporting Information [Line Items]
Operating income (loss)										1,200
Operating Segments [Member] \| Retail [Member]
Segment Reporting Information [Line Items]
Net sales									$ 1,851,193	$ 1,775,378	$ 1,655,784
Percentage of total net sales									53.50%	52.20%	51.80%
Operating income (loss)									$ 224,784	$ 215,640	$ 211,951
Operating income as percentage of segment net sales									12.10%	12.10%	12.80%
Restructuring Costs										$ 2,700
Provisions for special employee compensation										12,700
Operating Segments [Member] \| Wholesale [Member]
Segment Reporting Information [Line Items]
Net sales									$ 1,180,687	$ 1,209,663	$ 1,178,034
Percentage of total net sales									34.10%	35.60%	36.80%
Operating income (loss)									$ 224,194	$ 252,090	$ 260,953
Operating income as percentage of segment net sales									19.00%	20.80%	22.20%
Provisions for special employee compensation										$ 3,300
Operating Segments [Member] \| International
Segment Reporting Information [Line Items]
Net sales									$ 430,389	$ 415,463	$ 364,725
Percentage of total net sales									12.40%	12.20%	11.40%
Operating income (loss)									$ 39,253	$ 46,426	$ 59,194
Operating income as percentage of segment net sales									9.10%	11.20%	16.20%
Provisions for special employee compensation										$ 2,300

SEGMENT INFORMATION (Net Inventory) (Details) - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017
Segment Reporting Information [Line Items]
Finished goods inventories	$ 574,226	$ 548,722
Operating Segments [Member] \| Wholesale [Member]
Segment Reporting Information [Line Items]
Finished goods inventories	414,174	389,484
Operating Segments [Member] \| Retail [Member]
Segment Reporting Information [Line Items]
Finished goods inventories	96,241	93,404
Operating Segments [Member] \| International
Segment Reporting Information [Line Items]
Finished goods inventories	$ 63,811	$ 65,834

SEGMENT INFORMATION (Net Sales) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Revenue from External Customer [Line Items]
Net sales	$ 1,086,379	$ 923,907	$ 696,197	$ 755,786	$ 1,027,880	$ 948,046	$ 691,751	$ 732,827	$ 3,462,269	$ 3,400,504	$ 3,198,543
Baby [Member]
Revenue from External Customer [Line Items]
Net sales									1,239,009	1,294,404	1,241,452
Playclothes [Member]
Revenue from External Customer [Line Items]
Net sales									1,303,610	1,239,546	1,214,995
Sleepwear [Member]
Revenue from External Customer [Line Items]
Net sales									431,961	426,703	407,078
Other Products [Member]
Revenue from External Customer [Line Items]
Net sales									$ 487,689	$ 439,851	$ 335,018

SEGMENT INFORMATION (Revenue) (Details)	12 Months Ended
SEGMENT INFORMATION (Revenue) (Details)	Dec. 29, 2018	Dec. 30, 2017
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Percentage of total net sales	64.20%	64.90%

SEGMENT INFORMATION (Long-Lived Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 350,437	$ 377,924
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	314,679	337,369
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 35,758	$ 40,555
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
International long-lived assets, as a percent of total long-lived assets	87.40%	87.60%

FAIR VALUE MEASUREMENTS Foreign currency contracts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities	$ 15,700	$ 16,700
Gain (Loss) on Investments	1,000	100
Foreign Currency Transaction Gain (Loss), Realized			$ 3,200
Long-term debt, BS	593,264	617,306
Revolving credit facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt	196,000	221,000
Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt	397,264	$ 396,306
Long-term debt, fair value	399,000
Long-term debt, BS	$ 400,000

- 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

- Definition

+ References + Details

OTHER CURRENT AND LONG-TERM LIABILITIES (Other Current Liabilities) (Details) - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017
Other Liabilities Disclosure [Abstract]
Accrued bonuses and incentive compensation	$ 8,409	$ 27,566
Accrued employee benefits	16,421	21,735
Accrued and deferred rent	19,120	18,213
Accrued Income Taxes, Current	$ 17,415	$ 16,252

OTHER CURRENT AND LONG-TERM LIABILITIES (Other Long-Term Liabilities) (Details) - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017
Other Liabilities Disclosure [Abstract]
Deferred lease incentives	$ 72,345	$ 75,104

LEASE COMMITMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
LEASE COMMITMENTS (Details) - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Leases [Abstract]
Rent expense under operating leases	$ 165,600	$ 161,900	$ 150,600
2018	163,963
2019	150,010
2020	134,203
2021	116,773
2022	102,487
Thereafter	235,731
Total	$ 903,167
Term of contract	4 years 10 months 12 days
Commitments under capital leases	$ 1,300

VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Accounts receivable reserves [Roll Forward]
Beginning balance	$ 13,736	$ 8,752	$ 8,943
Additions, charged to expense	30,280	8,204	6,088
Charges to reserve	(32,150)	(3,220)	(6,279)
Ending balance	11,866	13,736	8,752
Accounts receivable reserves [Member]
Accounts receivable reserves [Roll Forward]
Beginning balance	13,736	8,752	8,543
Additions, charged to expense	30,280	8,204	6,088
Charges to reserve	(32,150)	(3,220)	(5,879)
Ending balance	11,866	13,736	8,752
Sales returns reserve [Member]
Accounts receivable reserves [Roll Forward]
Beginning balance	0	0	400
Additions, charged to expense	0	0	0
Charges to reserve	0	0	(400)
Ending balance	$ 0	$ 0	$ 0

UNAUDITED QUARTERLY FINANCIAL DATA (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended									12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Apr. 02, 2016	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Effect of Fourth Quarter Events [Line Items]
Net sales	$ 1,086,379	$ 923,907	$ 696,197	$ 755,786	$ 1,027,880	$ 948,046	$ 691,751	$ 732,827		$ 3,462,269	$ 3,400,504	$ 3,198,543
Gross profit	467,598	387,450	309,958	332,477	460,837	403,578	303,247	315,692		1,497,483	1,483,354	1,378,519
Royalty income, net	1,086,379	923,907	696,197	755,786	1,027,880	948,046	691,751	732,827		3,462,269	3,400,504	3,198,543
Selling, general, and administrative expenses	307,358	294,117	263,343	280,162	325,508	283,480	250,146	247,794		1,144,980	1,106,928	995,406
Operating income	170,597	103,557	56,970	60,309	146,392	130,448	64,311	78,456		391,433	419,607	425,928
Net income	$ 130,561	$ 71,770	$ 37,268	$ 42,469	$ 136,144	$ 82,316	$ 37,793	$ 46,595		$ 282,068	$ 302,848	$ 257,709
Basic net income per common share (in dollars per share)	$ 2.85	$ 1.55	$ 0.80	$ 0.90	$ 2.88	$ 1.73	$ 0.78	$ 0.96		$ 6.06	$ 6.31	$ 5.12
Diluted net income per common share (in dollars per share)	$ 2.83	$ 1.53	$ 0.79	$ 0.89	$ 2.85	$ 1.71	$ 0.77	$ 0.95		$ 6.00	$ 6.24	$ 5.08
Provisional income tax benefit											$ 40,000
Royalty [Member]
Effect of Fourth Quarter Events [Line Items]
Net sales	$ 10,357	$ 10,224	$ 10,355	$ 7,994	$ 11,063	$ 10,350	$ 11,210	$ 10,558	$ 42,815	$ 38,930	43,181	$ 42,815
Royalty income, net	$ 10,357	$ 10,224	$ 10,355	$ 7,994	$ 11,063	$ 10,350	$ 11,210	$ 10,558	$ 42,815	$ 38,930	$ 43,181	$ 42,815

GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Balance Sheets) (Details) - USD ($) $ in Thousands	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Current assets:
Cash and cash equivalents	$ 170,077	$ 178,494	$ 299,358	$ 381,209
Accounts receivable, net	258,259	240,561
Intercompany receivable	0	0
Finished goods inventories	574,226	548,722
Prepaid expenses and other current assets	40,396	52,935
Total current assets	1,042,958	1,020,712
Property, plant, and equipment, net	350,437	377,924
Goodwill	227,101	230,424
Tradenames, net	365,692	365,551
Customer relationships, net	44,511	47,996
Other assets	28,159	28,435
Intercompany long term receivable	0	0
Intercompany long term note receivable	0	0
Investment in subsidiaries	0	0
Total assets	2,058,858	2,071,042
Current liabilities:
Accounts payable	199,076	182,114
Intercompany Liabilities	0
Inventory		0
Other current liabilities	128,345	149,134
Total current liabilities	327,421	331,248
Long-term debt, net	593,264	617,306
Deferred income taxes	87,347	84,944
Goodwill	0	0
Intercompany long term note payable	0	0
Other long-term liabilities	181,393	180,128
Total stockholder's equity	869,433	857,416	788,363	875,687
Total liabilities and stockholders’ equity	2,058,858	2,071,042
Consolidating Adjustments [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	0	0
Intercompany receivable	(316,850)	(308,689)
Finished goods inventories	(18,665)	(20,468)
Prepaid expenses and other current assets	0	0
Total current assets	(335,515)	(329,157)
Property, plant, and equipment, net	0	0
Goodwill	0	0
Tradenames, net	0	0
Customer relationships, net	0	0
Other assets	0	0
Intercompany long term receivable	(541,629)	(441,294)
Intercompany long term note receivable	(100,000)	(100,000)
Investment in subsidiaries	(2,346,216)	(2,142,634)
Total assets	(3,323,360)	(3,013,085)
Current liabilities:
Accounts payable	0	0
Intercompany Liabilities	(316,850)
Inventory		(308,689)
Other current liabilities	0	0
Total current liabilities	(316,850)	(308,689)
Long-term debt, net	0	0
Deferred income taxes	0	0
Goodwill	(541,629)	(441,294)
Intercompany long term note payable	(100,000)	(100,000)
Other long-term liabilities	0	0
Total stockholder's equity	(2,364,881)	(2,163,102)
Total liabilities and stockholders’ equity	(3,323,360)	(3,013,085)
Parent [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	0	0
Intercompany receivable	0	0
Finished goods inventories	0	0
Prepaid expenses and other current assets	0	0
Total current assets	0	0
Property, plant, and equipment, net	0	0
Goodwill	0	0
Tradenames, net	0	0
Customer relationships, net	0	0
Other assets	0	0
Intercompany long term receivable	0	0
Intercompany long term note receivable	0	0
Investment in subsidiaries	869,433	857,416
Total assets	869,433	857,416
Current liabilities:
Accounts payable	0	0
Intercompany Liabilities	0
Inventory		0
Other current liabilities	0	0
Total current liabilities	0	0
Long-term debt, net	0	0
Deferred income taxes	0	0
Goodwill	0	0
Intercompany long term note payable	0	0
Other long-term liabilities	0	0
Total stockholder's equity	869,433	857,416
Total liabilities and stockholders’ equity	869,433	857,416
Subsidiary Issuer [Member]
Current assets:
Cash and cash equivalents	118,600	129,463	229,056	325,771
Accounts receivable, net	203,546	182,944
Intercompany receivable	89,201	87,702
Finished goods inventories	329,989	296,065
Prepaid expenses and other current assets	8,483	17,012
Total current assets	749,819	713,186
Property, plant, and equipment, net	133,765	147,858
Goodwill	136,570	136,570
Tradenames, net	223,073	223,251
Customer relationships, net	0	0
Other assets	24,399	23,884
Intercompany long term receivable	0	0
Intercompany long term note receivable	100,000	100,000
Investment in subsidiaries	1,173,415	1,053,224
Total assets	2,541,041	2,397,973
Current liabilities:
Accounts payable	137,524	115,658
Intercompany Liabilities	220,033
Inventory		215,573
Other current liabilities	35,311	11,805
Total current liabilities	392,868	343,036
Long-term debt, net	593,264	617,306
Deferred income taxes	46,640	46,619
Goodwill	541,629	441,294
Intercompany long term note payable	0	0
Other long-term liabilities	78,542	71,834
Total stockholder's equity	888,098	877,884
Total liabilities and stockholders’ equity	2,541,041	2,397,973
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	14,735	10,030	11,817	14,652
Accounts receivable, net	38,753	40,286
Intercompany receivable	156,965	162,007
Finished goods inventories	199,091	206,556
Prepaid expenses and other current assets	23,987	21,354
Total current assets	433,531	440,233
Property, plant, and equipment, net	180,914	189,511
Goodwill	45,368	45,368
Tradenames, net	142,619	142,300
Customer relationships, net	41,820	44,996
Other assets	1,321	2,392
Intercompany long term receivable	541,629	441,294
Intercompany long term note receivable	0	0
Investment in subsidiaries	303,368	231,994
Total assets	1,690,570	1,538,088
Current liabilities:
Accounts payable	44,066	49,313
Intercompany Liabilities	93,790
Inventory		91,697
Other current liabilities	78,595	122,989
Total current liabilities	216,451	263,999
Long-term debt, net	0	0
Deferred income taxes	40,327	37,647
Goodwill	0	0
Intercompany long term note payable	100,000	100,000
Other long-term liabilities	91,218	92,570
Total stockholder's equity	1,242,574	1,043,872
Total liabilities and stockholders’ equity	1,690,570	1,538,088
Non-Guarantors Subsidiaries [Member]
Current assets:
Cash and cash equivalents	36,742	39,001	$ 58,485	$ 40,786
Accounts receivable, net	15,960	17,331
Intercompany receivable	70,684	58,980
Finished goods inventories	63,811	66,569
Prepaid expenses and other current assets	7,926	14,569
Total current assets	195,123	196,450
Property, plant, and equipment, net	35,758	40,555
Goodwill	45,163	48,486
Tradenames, net	0	0
Customer relationships, net	2,691	3,000
Other assets	2,439	2,159
Intercompany long term receivable	0	0
Intercompany long term note receivable	0	0
Investment in subsidiaries	0	0
Total assets	281,174	290,650
Current liabilities:
Accounts payable	17,486	17,143
Intercompany Liabilities	3,027
Inventory		1,419
Other current liabilities	14,439	14,340
Total current liabilities	34,952	32,902
Long-term debt, net	0	0
Deferred income taxes	380	678
Goodwill	0	0
Intercompany long term note payable	0	0
Other long-term liabilities	11,633	15,724
Total stockholder's equity	234,209	241,346
Total liabilities and stockholders’ equity	$ 281,174	$ 290,650

GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Apr. 02, 2016	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Condensed Income Statements, Captions [Line Items]
Net sales	$ 1,086,379	$ 923,907	$ 696,197	$ 755,786	$ 1,027,880	$ 948,046	$ 691,751	$ 732,827		$ 3,462,269	$ 3,400,504	$ 3,198,543
Cost of goods sold										1,964,786	1,917,150	1,820,024
Gross profit	467,598	387,450	309,958	332,477	460,837	403,578	303,247	315,692		1,497,483	1,483,354	1,378,519
Royalty income, net	1,086,379	923,907	696,197	755,786	1,027,880	948,046	691,751	732,827		3,462,269	3,400,504	3,198,543
Selling, general, and administrative expenses	307,358	294,117	263,343	280,162	325,508	283,480	250,146	247,794		1,144,980	1,106,928	995,406
Operating income	170,597	103,557	56,970	60,309	146,392	130,448	64,311	78,456		391,433	419,607	425,928
Interest expense										34,569	30,044	27,044
Interest income										(527)	(345)	(563)
(Income) loss in subsidiaries										0	0	0
Other (income) expense, net										1,416	(1,164)	4,007
Income before income taxes										355,975	391,072	395,440
Provision for income taxes										73,907	88,224	137,731
Net income	130,561	71,770	37,268	42,469	136,144	82,316	37,793	46,595		282,068	302,848	257,709
Consolidating Adjustments [Member]
Condensed Income Statements, Captions [Line Items]
Net sales										(945,941)	(850,443)	(746,150)
Cost of goods sold										(924,720)	(829,625)	(727,148)
Gross profit										(21,221)	(20,818)	(19,002)
Royalty income, net										(945,941)	(850,443)	(746,150)
Selling, general, and administrative expenses										(35,704)	(37,510)	(37,567)
Operating income										1,803	5,332	8,992
Interest expense										(5,308)	(5,308)	(5,308)
Interest income										5,308	5,308	5,308
(Income) loss in subsidiaries										392,267	367,222	282,209
Other (income) expense, net										0	0	0
Income before income taxes										(390,464)	(361,890)	(273,217)
Provision for income taxes										0	0	0
Net income										(390,464)	(361,890)	(273,217)
Parent [Member]
Condensed Income Statements, Captions [Line Items]
Net sales										0	0	0
Cost of goods sold										0	0	0
Gross profit										0	0	0
Royalty income, net										0	0	0
Selling, general, and administrative expenses										0	0	0
Operating income										0	0	0
Interest expense										0	0	0
Interest income										0	0	0
(Income) loss in subsidiaries										(282,068)	(302,848)	(257,709)
Other (income) expense, net										0	0	0
Income before income taxes										282,068	302,848	257,709
Provision for income taxes										0	0	0
Net income										282,068	302,848	257,709
Subsidiary Issuer [Member]
Condensed Income Statements, Captions [Line Items]
Net sales										1,936,576	1,922,930	1,881,918
Cost of goods sold										1,458,934	1,406,517	1,358,209
Gross profit										477,642	516,413	523,709
Royalty income, net										1,936,576	1,922,930	1,881,918
Selling, general, and administrative expenses										191,068	181,129	177,605
Operating income										319,532	370,100	378,832
Interest expense										34,523	29,758	26,475
Interest income										(5,329)	(5,497)	(5,756)
(Income) loss in subsidiaries										(38,528)	(25,426)	4,808
Other (income) expense, net										495	(1,154)	(382)
Income before income taxes										328,371	372,419	353,687
Provision for income taxes										48,106	74,903	104,970
Net income										280,265	297,516	248,717
Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales										2,039,889	1,955,703	1,762,252
Cost of goods sold										1,217,110	1,143,867	1,033,403
Gross profit										822,779	811,836	728,849
Royalty income, net										2,039,889	1,955,703	1,762,252
Selling, general, and administrative expenses										856,665	837,252	753,874
Operating income										(15,234)	(5,691)	(5,365)
Interest expense										5,310	5,498	5,435
Interest income										(2)	0	0
(Income) loss in subsidiaries										(71,671)	(38,948)	(29,308)
Other (income) expense, net										(189)	1,281	482
Income before income taxes										51,318	26,478	18,026
Provision for income taxes										12,790	1,052	22,834
Net income										38,528	25,426	(4,808)
Non-Guarantors Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales										431,745	372,314	300,523
Cost of goods sold										213,462	196,391	155,560
Gross profit										218,283	175,923	144,963
Royalty income, net										431,745	372,314	300,523
Selling, general, and administrative expenses										132,951	126,057	101,494
Operating income										85,332	49,866	43,469
Interest expense										44	96	442
Interest income										(504)	(156)	(115)
(Income) loss in subsidiaries										0	0	0
Other (income) expense, net										1,110	(1,291)	3,907
Income before income taxes										84,682	51,217	39,235
Provision for income taxes										13,011	12,269	9,927
Net income										71,671	38,948	29,308
Royalty [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	10,357	10,224	10,355	7,994	11,063	10,350	11,210	10,558	$ 42,815	38,930	43,181	42,815
Royalty income, net	$ 10,357	$ 10,224	$ 10,355	$ 7,994	$ 11,063	$ 10,350	$ 11,210	$ 10,558	42,815	38,930	43,181	$ 42,815
Royalty [Member] \| Consolidating Adjustments [Member]
Condensed Income Statements, Captions [Line Items]
Net sales									(9,573)	(12,680)	(11,360)
Royalty income, net									(9,573)	(12,680)	(11,360)
Royalty [Member] \| Parent [Member]
Condensed Income Statements, Captions [Line Items]
Net sales									0	0	0
Royalty income, net									0	0	0
Royalty [Member] \| Subsidiary Issuer [Member]
Condensed Income Statements, Captions [Line Items]
Net sales									32,728	32,958	34,816
Royalty income, net									32,728	32,958	34,816
Royalty [Member] \| Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales									19,660	18,652	19,725
Royalty income, net									19,660	18,652	19,725
Royalty [Member] \| Non-Guarantors Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales									0	0	0
Royalty income, net									$ 0	$ 0	$ 0

GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Comprehensive Income) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 29, 2018	Sep. 29, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Condensed Financial Statements, Captions [Line Items]
Net income	$ 130,561,000	$ 71,770,000	$ 37,268,000	$ 42,469,000	$ 136,144,000	$ 82,316,000	$ 37,793,000	$ 46,595,000	$ 282,068,000	$ 302,848,000	$ 257,709,000
Post-retirement benefit plans									(67,000)	(692,000)	(335,000)
Foreign currency translation adjustments									(11,679,000)	6,339,000	1,962,000
Comprehensive income									270,322,000	308,495,000	259,336,000
Consolidating Adjustments [Member]
Condensed Financial Statements, Captions [Line Items]
Net income									(390,464,000)	(361,890,000)	(273,217,000)
Post-retirement benefit plans									349,000	1,122,000	1,001,000
Foreign currency translation adjustments									35,037,000	(19,017,000)	(5,886,000)
Comprehensive income									(355,078,000)	(379,785,000)	(278,102,000)
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net income									282,068,000	302,848,000	257,709,000
Post-retirement benefit plans									(67,000)	(692,000)	(335,000)
Foreign currency translation adjustments									(11,679,000)	6,339,000	1,962,000
Comprehensive income									270,322,000	308,495,000	259,336,000
Subsidiary Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Net income									280,265,000	297,516,000	248,717,000
Post-retirement benefit plans									(67,000)	(692,000)	(335,000)
Foreign currency translation adjustments									(11,679,000)	6,339,000	1,962,000
Comprehensive income									268,519,000	303,163,000	250,344,000
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income									38,528,000	25,426,000	(4,808,000)
Post-retirement benefit plans									(282,000)	(430,000)	(666,000)
Foreign currency translation adjustments									(11,679,000)	6,339,000	1,962,000
Comprehensive income									26,567,000	31,335,000	(3,512,000)
Non-Guarantors Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income									71,671,000	38,948,000	29,308,000
Post-retirement benefit plans									0	0	0
Foreign currency translation adjustments									(11,679,000)	6,339,000	1,962,000
Comprehensive income									$ 59,992,000	$ 45,287,000	$ 31,270,000

GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Cash Flows) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 29, 2018	Dec. 30, 2017	Dec. 31, 2016
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	$ 356,198	$ 329,621	$ 369,229
Cash flows from investing activities:
Capital expenditures	(63,783)	(69,473)	(88,556)
Acquisitions of businesses, net of cash acquired		(158,457)	0
Payments for (Proceeds from) Productive Assets	96
Intercompany investing activity	0	0	0
Disposals of property, plant, and equipment	380	15	216
Net cash used in investing activities	(63,307)	(227,915)	(88,340)
Cash flows from financing activities:
Intercompany financing activity	0	0	0
Borrowings under secured revolving credit facility	290,000	200,000	0
Payments on secured revolving credit facility	(315,000)	(163,965)	0
Payments of debt issuance costs	(968)	(2,119)	0
Dividends paid	(83,717)	(70,914)	(66,355)
Repurchases of common stock	(193,028)	(188,762)	(300,445)
Income tax benefit from stock-based compensation	0	0	4,800
Withholdings of taxes from vesting of restricted stock	(6,830)	(5,753)	(8,673)
Proceeds from exercises of stock options	10,597	8,438	7,166
Net cash used in financing activities	(298,946)	(223,075)	(363,507)
Net effect of exchange rate changes on cash	(2,362)	505	767
Net increase (decrease) in cash and cash equivalents	(8,417)	(120,864)	(81,851)
Cash and cash equivalents, beginning of fiscal year	178,494	299,358	381,209
Cash and cash equivalents, end of fiscal year	170,077	178,494	299,358
Consolidating Adjustments [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	0	0	0
Cash flows from investing activities:
Capital expenditures	0	0	0
Acquisitions of businesses, net of cash acquired		0
Payments for (Proceeds from) Productive Assets	0
Intercompany investing activity	(276,745)	(259,676)	(366,800)
Disposals of property, plant, and equipment	0	0	0
Net cash used in investing activities	(276,745)	(259,676)	(366,800)
Cash flows from financing activities:
Intercompany financing activity	276,745	259,676	366,800
Borrowings under secured revolving credit facility	0	0
Payments on secured revolving credit facility	0	0
Payments of debt issuance costs	0	0
Dividends paid	0	0	0
Repurchases of common stock	0	0	0
Income tax benefit from stock-based compensation			0
Withholdings of taxes from vesting of restricted stock	0	0	0
Proceeds from exercises of stock options	0	0	0
Net cash used in financing activities	276,745	259,676	366,800
Net effect of exchange rate changes on cash	0	0	0
Net increase (decrease) in cash and cash equivalents	0	0	0
Cash and cash equivalents, beginning of fiscal year	0	0	0
Cash and cash equivalents, end of fiscal year	0	0	0
Parent [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	0	0	0
Cash flows from investing activities:
Capital expenditures	0	0	0
Acquisitions of businesses, net of cash acquired		0
Payments for (Proceeds from) Productive Assets	0
Intercompany investing activity	272,978	256,991	368,307
Disposals of property, plant, and equipment	0	0	0
Net cash used in investing activities	272,978	256,991	368,307
Cash flows from financing activities:
Intercompany financing activity	0	0	0
Borrowings under secured revolving credit facility	0	0
Payments on secured revolving credit facility	0	0
Payments of debt issuance costs	0	0
Dividends paid	(83,717)	(70,914)	(66,355)
Repurchases of common stock	(193,028)	(188,762)	(300,445)
Income tax benefit from stock-based compensation			0
Withholdings of taxes from vesting of restricted stock	(6,830)	(5,753)	(8,673)
Proceeds from exercises of stock options	10,597	8,438	7,166
Net cash used in financing activities	(272,978)	(256,991)	(368,307)
Net effect of exchange rate changes on cash	0	0	0
Net increase (decrease) in cash and cash equivalents	0	0	0
Cash and cash equivalents, beginning of fiscal year	0	0	0
Cash and cash equivalents, end of fiscal year	0	0	0
Subsidiary Issuer [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	202,214	167,000	206,841
Cash flows from investing activities:
Capital expenditures	(17,589)	(21,690)	(22,934)
Acquisitions of businesses, net of cash acquired		(143,270)
Payments for (Proceeds from) Productive Assets	0
Intercompany investing activity	(815)	(25,606)	480
Disposals of property, plant, and equipment	0	0	23
Net cash used in investing activities	(18,404)	(190,566)	(22,431)
Cash flows from financing activities:
Intercompany financing activity	(168,705)	(128,908)	(283,907)
Borrowings under secured revolving credit facility	290,000	200,000
Payments on secured revolving credit facility	(315,000)	(145,000)
Payments of debt issuance costs	(968)	(2,119)
Dividends paid	0	0	0
Repurchases of common stock	0	0	0
Income tax benefit from stock-based compensation			2,782
Withholdings of taxes from vesting of restricted stock	0	0	0
Proceeds from exercises of stock options	0	0	0
Net cash used in financing activities	(194,673)	(76,027)	(281,125)
Net effect of exchange rate changes on cash	0	0	0
Net increase (decrease) in cash and cash equivalents	(10,863)	(99,593)	(96,715)
Cash and cash equivalents, beginning of fiscal year	129,463	229,056	325,771
Cash and cash equivalents, end of fiscal year	118,600	129,463	229,056
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	60,391	118,814	127,018
Cash flows from investing activities:
Capital expenditures	(39,657)	(38,899)	(55,072)
Acquisitions of businesses, net of cash acquired		746
Payments for (Proceeds from) Productive Assets	0
Intercompany investing activity	3,024	894	(2,118)
Disposals of property, plant, and equipment	370	15	0
Net cash used in investing activities	(36,263)	(37,244)	(57,190)
Cash flows from financing activities:
Intercompany financing activity	(97,945)	(83,357)	(74,681)
Borrowings under secured revolving credit facility	0	0
Payments on secured revolving credit facility	0	0
Payments of debt issuance costs	0	0
Dividends paid	78,522	0	0
Repurchases of common stock	0	0	0
Income tax benefit from stock-based compensation			2,018
Withholdings of taxes from vesting of restricted stock	0	0	0
Proceeds from exercises of stock options	0	0	0
Net cash used in financing activities	(19,423)	(83,357)	(72,663)
Net effect of exchange rate changes on cash	0	0	0
Net increase (decrease) in cash and cash equivalents	4,705	(1,787)	(2,835)
Cash and cash equivalents, beginning of fiscal year	10,030	11,817	14,652
Cash and cash equivalents, end of fiscal year	14,735	10,030	11,817
Non-Guarantors Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	93,593	43,807	35,370
Cash flows from investing activities:
Capital expenditures	(6,537)	(8,884)	(10,550)
Acquisitions of businesses, net of cash acquired		(15,933)
Payments for (Proceeds from) Productive Assets	96
Intercompany investing activity	1,558	27,397	131
Disposals of property, plant, and equipment	10	0	193
Net cash used in investing activities	(4,873)	2,580	(10,226)
Cash flows from financing activities:
Intercompany financing activity	(10,095)	(47,411)	(8,212)
Borrowings under secured revolving credit facility	0	0
Payments on secured revolving credit facility	0	(18,965)
Payments of debt issuance costs	0	0
Dividends paid	(78,522)	0	0
Repurchases of common stock	0	0	0
Income tax benefit from stock-based compensation			0
Withholdings of taxes from vesting of restricted stock	0	0	0
Proceeds from exercises of stock options	0	0	0
Net cash used in financing activities	(88,617)	(66,376)	(8,212)
Net effect of exchange rate changes on cash	(2,362)	505	767
Net increase (decrease) in cash and cash equivalents	(2,259)	(19,484)	17,699
Cash and cash equivalents, beginning of fiscal year	39,001	58,485	40,786
Cash and cash equivalents, end of fiscal year	$ 36,742	$ 39,001	$ 58,485