Carter's (CRI) 10-Q 26 Jul 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 20, 2018
Document Information [Abstract]
Entity Registrant Name	CARTERS INC
Entity Central Index Key	1,060,822
Current Fiscal Year End Date	--12-29
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		46,470,329

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 30, 2017	Jul. 01, 2017
Current assets:
Cash and cash equivalents	$ 183,202	$ 178,494	$ 173,564
Accounts receivable, net	152,517	240,561	165,183
Finished goods inventories	663,263	548,722	610,423
Prepaid expenses and other current assets	51,955	52,935	46,402
Total current assets	1,050,937	1,020,712	995,572
Property, plant, and equipment, net of accumulated depreciation of $430,834, $404,173, and $384,881, respectively	364,223	377,924	382,472
Tradenames, net	365,817	365,551	365,639
Goodwill	228,555	230,424	231,709
Customer relationships, net	46,222	47,996	35,096
Other assets	27,775	28,435	23,246
Total assets	2,083,529	2,071,042	2,033,734
Current liabilities:
Accounts payable	216,931	182,114	217,340
Other current liabilities	95,685	149,134	96,460
Total current liabilities	312,616	331,248	313,800
Long-term debt, net	682,778	617,306	661,846
Deferred income taxes	85,755	84,944	133,273
Other long-term liabilities	192,051	180,128	174,867
Total liabilities	1,273,200	1,213,626	1,283,786
Commitments and contingencies - Note 14
Stockholders' equity:
Preferred stock; par value $.01 per share; 100,000 shares authorized; none issued or outstanding at June 30, 2018, December 30, 2017, and July 1, 2017	0	0	0
Common stock, voting; par value $.01 per share; 150,000,000 shares authorized; 46,565,443, 47,178,346 and 47,971,577 shares issued and outstanding at June 30, 2018, December 30, 2017 and July 1, 2017, respectively	466	472	480
Accumulated other comprehensive loss	(35,532)	(29,093)	(30,653)
Retained earnings	845,395	886,037	780,121
Total stockholders' equity	810,329	857,416	749,948
Total liabilities and stockholders' equity	$ 2,083,529	$ 2,071,042	$ 2,033,734

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 30, 2017	Jul. 01, 2017
Statement of Financial Position [Abstract]
Accumulated depreciation	$ 430,834	$ 404,173	$ 384,881
Preferred stock; par value (USD per share)	$ 0.01	$ 0.01	$ 0.01
Preferred stock; shares authorized	100,000	100,000	100,000
Preferred stock; issued	0	0	0
Preferred stock; outstanding	0	0	0
Common stock, voting; par value (USD per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, voting; shares authorized	150,000,000	150,000,000	150,000,000
Common stock voting; shares issued	46,565,443	47,178,346	47,971,577
Common stock voting; shares outstanding	46,565,443	47,178,346	47,971,577

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Income Statement [Abstract]
Net sales	$ 696,197	$ 691,751	$ 1,451,983	$ 1,424,578
Cost of goods sold	386,239	388,504	809,548	805,639
Gross profit	309,958	303,247	642,435	618,939
Royalty income, net	10,355	11,210	18,349	21,768
Selling, general, and administrative expenses	263,343	250,146	543,505	497,940
Operating income	56,970	64,311	117,279	142,767
Interest expense	7,937	7,194	15,922	14,298
Interest income	(225)	(79)	(391)	(219)
Other expense (income), net	975	(544)	593	(765)
Income before income taxes	48,283	57,740	101,155	129,453
Provision for income taxes	11,015	19,947	21,418	45,065
Net income	$ 37,268	$ 37,793	$ 79,737	$ 84,388
Basic net income per common share (USD per share)	$ 0.80	$ 0.78	$ 1.70	$ 1.74
Diluted net income per common share (USD per share)	0.79	0.77	1.68	1.72
Dividend declared per common share (USD per share)	$ 0.45	$ 0.37	$ 0.90	$ 0.74

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 37,268	$ 37,793	$ 79,737	$ 84,388
Other comprehensive income:
Foreign currency translation adjustments	(4,677)	3,140	(6,439)	4,087
Comprehensive income	$ 32,591	$ 40,933	$ 73,298	$ 88,475

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - 6 months ended Jun. 30, 2018 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Retained Earnings [Member]
Balance at Dec. 30, 2017	$ 857,416	$ 472	$ 0	$ (29,093)	$ 886,037
Balance (in shares) at Dec. 30, 2017	47,178,346	47,178,346
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options	$ 7,376	$ 2	7,374	0	0
Exercise of stock options (in shares)		142,087
Withholdings from vesting of restricted stock	(6,667)	$ (1)	(6,666)	0	0
Withholdings from vesting of restricted stock (in shares)		(55,933)
Restricted stock activity	0	$ 1	(1)	0	0
Restricted stock activity (in shares)		121,570
Stock-based compensation expense	10,266	$ 0	10,266	0	0
Repurchase of common stock	(89,093)	$ (8)	(10,973)	0	(78,112)
Repurchase of common stock (in shares)		(820,627)
Cash dividends declared and paid	(42,267)	$ 0	0	0	(42,267)
Comprehensive income	73,298	0	0	(6,439)	79,737
Balance at Jun. 30, 2018	$ 810,329	$ 466	$ 0	$ (35,532)	$ 845,395
Balance (in shares) at Jun. 30, 2018	46,565,443	46,565,443

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017
Cash flows from operating activities:
Net income	$ 79,737	$ 84,388
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant, and equipment	41,989	39,705
Amortization of intangible assets	1,845	892
Amortization of debt issuance costs	865	749
Stock-based compensation expense	10,266	9,646
Unrealized foreign currency exchange loss (gain), net	202	(555)
Provisions for doubtful accounts receivable from customers	11,511	605
Loss on disposal of property, plant, and equipment, net of recoveries	478	221
Deferred income taxes	1,400	3,109
Effect of changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	76,364	56,610
Finished goods inventories	(117,469)	(91,446)
Prepaid expenses and other assets	129	(13,151)
Accounts payable and other liabilities	(4,254)	16,560
Net cash provided by operating activities	103,063	107,333
Cash flows from investing activities:
Capital expenditures	(31,750)	(34,276)
Acquisitions of businesses, net of cash acquired		(143,704)
Acquisitions of businesses, net of cash acquired	96
Disposals and recoveries from property, plant, and equipment	373	0
Net cash used in investing activities	(31,281)	(177,980)
Cash flows from financing activities:
Borrowings under secured revolving credit facility	150,000	100,000
Payments on secured revolving credit facility	(85,000)	(18,965)
Repurchases of common stock	(89,093)	(98,236)
Dividends paid	(42,267)	(35,831)
Withholdings from vestings of restricted stock	(6,667)	(5,590)
Proceeds from exercises of stock options	7,376	3,122
Net cash used in financing activities	(65,651)	(55,500)
Effect of exchange rate changes on cash and cash equivalents	(1,423)	353
Net increase (decrease) in cash and cash equivalents	4,708	(125,794)
Cash and cash equivalents, beginning of period	178,494	299,358
Cash and cash equivalents, end of period	$ 183,202	$ 173,564

THE COMPANY

THE COMPANY	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
THE COMPANY	THE COMPANY Carter's, Inc. and its wholly owned subsidiaries (collectively, the "Company," "its," "us" and "our") design, source, and market branded childrenswear and related products under the Carter's , Child of Mine , Just One You , Precious Firsts , Simple Joys , OshKosh B'gosh (" OshKosh "), Skip Hop and other brands. The Company's products are sourced through contractual arrangements with manufacturers worldwide for: 1) wholesale distribution to leading department stores, national chains, and specialty retailers domestically and internationally and 2) distribution to the Company's own retail stores and eCommerce sites that market its brand name merchandise and other licensed products manufactured by other companies. As of June 30, 2018 , the Company operated 1,049 retail stores in the United States, Canada, and Mexico.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information and the rules and regulations of the Securities and Exchange Commission (the "SEC"). All intercompany transactions and balances have been eliminated in consolidation. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all normal and recurring adjustments necessary to state fairly the consolidated financial condition, results of operations, comprehensive income, statement of stockholders' equity, and cash flows of the Company for the interim periods presented. Except as otherwise disclosed, all such adjustments consist only of those of a normal recurring nature. Operating results for the fiscal quarter and two fiscal quarters ended June 30, 2018 are not necessarily indicative of the results that may be expected for the current fiscal year ending December 29, 2018 . The preparation of these unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates. The accompanying condensed consolidated balance sheet as of December 30, 2017 was derived from the Company's audited consolidated financial statements included in its most recently filed Annual Report on Form 10-K. Certain information and footnote disclosure normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC and the instructions to Form 10-Q. As disclosed in Note 2, Basis of Presentation , and Note 3, Revenue Recognition , at the beginning of fiscal 2018 the Company adopted the Financial Accounting Standards Board's ("FASB") Accounting Standards Codification (“ASC”) No. 606, Revenue from Contracts with Customers , and related amendments (“ASC 606”) using the full retrospective adoption method. The full retrospective method required the Company to apply the standard to the financial statements for the period of adoption as well as to each prior reporting period presented. Accounting Policies The accounting policies the Company follows are set forth in its most recently filed Annual Report on Form 10-K. There have been no material changes to these accounting policies, except as noted below for new accounting pronouncements adopted at the beginning of fiscal 2018. Revenue from Contracts with Customers (ASC No. 606) At the beginning of fiscal 2018, the Company adopted the provisions of ASC No. 606, Revenue from Contracts with Customers, and all related amendments (“ASC 606”) using the full retrospective adoption method. Refer to Note 3, Revenue Recognition, for additional information. The Company uses the five-step model to recognize revenue: 1) Identify the contract with the customer 2) Identity the performance obligation(s) 3) Determine the transaction price 4) Allocate the transaction price to each performance obligation if multiple obligations exist 5) Recognize the revenue as the performance obligations are satisfied Performance Obligations The Company identifies each distinct performance obligation to transfer goods (or bundle of goods). The Company recognizes revenue when (or as) it satisfies a performance obligation by transferring control of the goods to the customer. Other than inbound and outbound freight and shipping arrangements, the Company does not use third parties to satisfy its performance obligations in revenue arrangements with customers. When Performance Obligations Are Satisfied Wholesale Revenues - The Company typically transfers control upon shipment. However, in certain arrangements where the Company retains the risk of loss during shipment, satisfaction of the performance obligation occurs when the goods reach the customer. Retail Revenues - For transactions in stores, the Company satisfies its performance obligation at point of sale when the customer takes possession of the goods and tenders payment. The redemption of loyalty points under the Company's rewards program and redemptions of gift cards may be part of a transaction. For purchases made through the Company’s eCommerce channel, revenue is recognized when the goods are physically delivered to the customer. The Company satisfies its performance obligations with licensees over time as customers have the right to use the intellectual property over the contract period. Significant Payment Terms Retail customers tender a form of payment, such as cash or a credit/debit card, at point of sale. For wholesale customers and licensees, payment is due based on established terms. Returns and Refunds The Company establishes return provisions for retail customers. It is the Company's policy not to accept returns from wholesale customers. Significant Judgments Sale of Goods - The Company relies on shipping terms to determine when performance obligations are satisfied. When goods are shipped to wholesale customers “FOB Shipping Point,” control of the goods is transferred to the customer at the time of shipment if there are no remaining performance obligations. The Company recognizes the revenue once control passes to the customer. For retail transactions, no significant judgments are involved since revenue is recognized at the point of sale when tender is exchanged and the customer receives the goods. Royalty Revenues - The Company transfers the right-to-use benefit to the licensee for the contract term and therefore the Company satisfies its performance obligation over time. Revenue recognized for each reporting period is based on the greater of: 1) the royalties owed on actual net sales by the licensee and 2) a minimum royalty guarantee, if applicable. Transaction Price - The transaction price is the amount of consideration the Company expects to receive under the arrangement. The Company is required to estimate variable consideration (if any) and to factor that estimation into the determination of the transaction price. The Company may offer sales incentives to wholesale and retail customers, including discounts. For retail transactions, the Company has significant experience with return patterns and relies on this experience to estimate expected returns when determining the transaction price. Standalone Selling Prices - For arrangements that contain multiple performance obligations, the Company allocates the transaction price to each performance obligation on a relative standalone selling price basis. Costs Incurred to Obtain a Contract - Incremental costs to obtain contracts are not material to the Company. Policy Elections In addition to those previously disclosed, the Company has made the following accounting policy elections and practical expedients: Portfolio Approach - The Company uses the portfolio approach when multiple contracts or performance obligations are involved in the determination of revenue recognition. Taxes - The Company excludes from the transaction price any taxes collected from customers that are remitted to taxing authorities. Shipping and Handling Charges - Charges that are incurred before and after the customer obtains control of goods are deemed to be fulfillment costs. Time Value of Money - The Company's payment terms are less than one year from the transfer of goods. Therefore, the Company does not adjust promised amounts of consideration for the effects of the time value of money. Disclosure of Remaining Performance Obligations - The Company does not disclose the aggregate amount of the transaction price allocated to remaining performance obligations for contracts that are one year or less in term. Classification of Costs Related to Defined Benefit Pension and Other Post-retirement Benefit Plans (ASU 2017-07) At the beginning of fiscal 2018, the Company adopted ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost ("ASU 2017-07"). ASU 2017-07 changes how employers that sponsor defined benefit pension and/or other post-retirement benefit plans present the net periodic benefit costs in the statement of operations. Under this new guidance, an employer's statement of operations presents service cost arising in the current period in the same statement line item as other employee compensation. However, all other components of current period costs related to defined benefit plans, such as prior service costs and actuarial gains and losses, are presented on the statement of operations on a line item outside (or below) operating income. ASU 2017-07 affects only the classification of certain costs on the statement of operations, not the determination of costs. Net periodic pension costs related to the Company's frozen defined benefit pension plan and post-retirement medical benefit plan were not material for the second quarter of fiscal 2018, two fiscal quarters of 2018, or prior periods. Prior period results have not been reclassified on the Company's statement of operations due to materiality. Modifications to Share-based Compensation Awards (ASU 2017-09) At the beginning of fiscal 2018, the Company adopted ASU No. 2017-09, Compensation-Stock Compensation Topic 718-Scope of Modification Accounting ("ASU 2017-09"). ASU 2017-09 clarifies when changes to the terms and conditions of share-based payment awards must be accounted for as modifications. Entities apply the modification accounting guidance if the value, vesting conditions, or classification of an award changes. The Company has not modified any share-based payment awards. Should the Company modify 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. Should the Company commence or complete an acquisition in future periods, it will apply the provisions of ASU 2017-01. Statement of Cash Flows (ASU 2016-15) At the beginning of fiscal 2018, the Company adopted ASU No. 2016-15, Statement of Cash Flows (Topic 230) ("ASU 2016-15"). ASU 2016-15 represents a consensus of the FASB’s Emerging Issues Task Force on eight separate issues that, if present, can impact classifications on the statement of cash flows. The guidance requires application using a retrospective transition method. The adoption of ASU 2016-15 only impacted the classification of certain insurance proceeds on the Company's consolidated statement of cash flows for the first two quarters of fiscal 2018.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	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 No. 606, Revenue from Contracts with Customers, and related amendments ("ASC 606") using the full retrospective adoption method. Under the full retrospective method, the Company adjusted all periods in fiscal 2017 and fiscal 2016 to reflect the provisions of ASC 606, and retained earnings at January 2, 2016 (beginning of fiscal 2016) were adjusted for the cumulative effect for prior periods. Refer to the section "Revenue from Contracts with Customers (ASC No. 606)" in Note 2, Basis of Presentation , for changes to the Company's accounting policies due to the adoption of ASC 606. ASC 606 affected the Company's retail channels as follows: • Accelerated the recognition of breakage revenue from unredeemed gift cards, which affected net sales, gross profit, income before income taxes, and net income on the Company's statement 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 were 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 sheet. The effects of retrospective adoption on the Company's consolidated Statement of Operations were as follows: Second Quarter Two Fiscal Quarters Year Year (dollars in thousands, except per share data) Fiscal 2017 Fiscal 2017 Fiscal 2017 Fiscal 2016 Net sales $ (366 ) $ (294 ) $ 92 $ (637 ) Cost of goods sold $ (156 ) $ 26 $ 52 $ (7 ) Income before income taxes $ (210 ) $ (319 ) $ 40 $ (630 ) Net income $ (132 ) $ (201 ) $ 84 (397 ) Basic net income per common share $ (0.01 ) $ (0.01 ) $ — $ (0.01 ) Diluted net income per common share $ (0.01 ) $ (0.01 ) $ — $ — The cumulative effect to the Company’s retained earnings at January 2, 2016 was an after-tax increase of approximately $0.6 million . The effects of adoption of ASC 606 on the Company’s consolidated balance sheet at December 30, 2017 were as follows: (dollars in thousands) As Previously Reported ASC 606 Adjustments As Amended for ASC 606 ASSETS Prepaid expenses and other current assets $ 49,892 $ 3,043 (1) $ 52,935 Total current assets $ 1,017,669 $ 3,043 $ 1,020,712 Total assets $ 2,067,999 $ 3,043 $ 2,071,042 LIABILITIES AND STOCKHOLDERS' EQUITY Other current liabilities $ 146,510 $ 2,624 (2) $ 149,134 Total current liabilities $ 328,624 $ 2,624 $ 331,248 Deferred income taxes $ 84,848 $ 96 $ 84,944 Total liabilities $ 1,210,906 $ 2,720 $ 1,213,626 Retained earnings 885,714 323 (3) 886,037 Total stockholder's equity $ 857,093 $ 323 $ 857,416 Total liabilities and stockholders' equity $ 2,067,999 $ 3,043 $ 2,071,042 (1) Reclassification of estimated inventory expected to be returned by customers through future sales refund transactions. This amount was reclassified from the returns reserve (current liability) to a current asset. Prior to the Company's adoption of ASC 606, the Company's returns reserve (current liability) was reported net of the estimated inventory expected to be returned by customers through sales refund transactions. (2) Amount includes a reclassification of approximately $3.0 million for estimated inventory expected to be returned by customers, partially offset by a reclassification of approximately $0.4 million for gift card liabilities. (3) Cumulative impact of approximately $0.6 million for after-tax adjustments to retained earnings at the beginning of fiscal 2016, offset by ASC 606 effects on fiscal 2017 and fiscal 2016 results of operations. The retrospective adoption of ASC 606 at the beginning of fiscal 2018 also had the following effects on the Company’s unaudited condensed consolidated balance sheet at July 1, 2017: (dollars in thousands) As Previously Reported ASC 606 Adjustments As Amended for ASC 606 ASSETS Prepaid expenses and other current assets $ 44,527 $ 1,875 (1) $ 46,402 Total current assets $ 993,697 $ 1,875 $ 995,572 Total assets $ 2,031,859 $ 1,875 $ 2,033,734 LIABILITIES AND STOCKHOLDERS' EQUITY Other current liabilities $ 94,644 $ 1,816 (2) $ 96,460 Total current liabilities $ 311,984 $ 1,816 $ 313,800 Deferred income taxes $ 133,251 $ 22 133,273 Total liabilities $ 1,281,948 $ 1,838 $ 1,283,786 Retained earnings $ 780,084 $ 37 (3) $ 780,121 Total stockholder's equity $ 749,911 $ 37 $ 749,948 Total liabilities and stockholders' equity $ 2,031,859 $ 1,875 $ 2,033,734 (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 $1.9 million for estimated inventory expected to be returned by customers, partially offset by an adjustment of approximately $0.1 million for gift card liabilities. (3) Cumulative impact of approximately $0.6 million for after-tax adjustments to retained earnings at the beginning of fiscal 2016, offset by ASC 606 impact on fiscal 2017 and fiscal 2016 results of operations. Disaggregation of Revenue The Company sells its products directly to consumers ("direct-to-consumer") and to other retail companies and partners that subsequently sell the products directly to their own retail customers. The Company also earns royalties from its licensees. Disaggregated revenues from these sources for the second quarter and two quarters ended fiscal 2018 and 2017 were as follows: Fiscal quarter ended June 30, 2018 (dollars in thousands) U.S. Retail U.S. Wholesale International Total Wholesale channel $ — $ 209,476 $ 25,169 $ 234,645 Direct-to-consumer 402,021 — 59,531 461,552 $ 402,021 $ 209,476 $ 84,700 $ 696,197 Royalty income $ 4,426 $ 4,957 $ 972 $ 10,355 Two fiscal quarters ended June 30, 2018 (dollars in thousands) U.S. Retail U.S. Wholesale International Total Wholesale channel $ — $ 490,309 $ 62,882 $ 553,191 Direct-to-consumer 785,762 — 113,030 898,792 $ 785,762 $ 490,309 $ 175,912 $ 1,451,983 Royalty income $ 6,011 $ 10,802 $ 1,536 $ 18,349 Fiscal quarter ended July 1, 2017 (dollars in thousands) U.S. Retail U.S. Wholesale International Total Wholesale channel $ — $ 217,710 $ 27,622 $ 245,332 Direct-to-consumer 391,457 — 54,962 446,419 $ 391,457 $ 217,710 $ 82,584 $ 691,751 Royalty income $ 4,896 $ 5,140 $ 1,174 $ 11,210 Two fiscal quarters ended July 1, 2017 (dollars in thousands) U.S. Retail U.S. Wholesale International Total Wholesale channel $ — $ 510,265 $ 57,304 $ 567,569 Direct-to-consumer 755,299 — 101,710 857,009 $ 755,299 $ 510,265 $ 159,014 $ 1,424,578 Royalty income $ 8,164 $ 11,505 $ 2,099 $ 21,768 Accounts Receivable from Customers and Licensees The components of accounts receivable, net, as of June 30, 2018, December 30, 2017, and July 1, 2017 were as follows: (dollars in thousands) June 30, 2018 December 30, 2017 July 1, 2017 Trade receivables from wholesale customers, net $ 138,952 $ 229,968 $ 153,581 Royalties receivable 8,824 9,818 10,107 Tenant allowances and other receivables 12,168 14,511 11,265 Total gross receivables $ 159,944 $ 254,297 $ 174,953 Less: Wholesale accounts receivable reserves (7,427 ) (13,736 ) (9,770 ) Accounts receivable, net $ 152,517 $ 240,561 $ 165,183 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) June 30, 2018 December 30, 2017 July 1, 2017 Contract liabilities-current: Unredeemed gift cards $ 11,072 $ 11,945 $ 9,991 Unredeemed customer loyalty rewards 6,164 7,355 9,835 Total contract liabilities-current * $ 17,236 $ 19,300 $ 19,826 * 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 coupon redemptions and expirations. The earning and redemption cycles for our loyalty program are under one year in duration.

BUSINESS ACQUISITIONS IN FISCAL

BUSINESS ACQUISITIONS IN FISCAL 2017 (Notes)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
BUSINESS ACQUISITIONS IN FISCAL 2017	BUSINESS ACQUISITIONS IN FISCAL 2017 Based on their purchase prices and pre-acquisition operating results and assets, neither of the businesses acquired by the Company in fiscal 2017 met the materiality requirements for preparation and presentation of pro forma financial information, either individually or in the aggregate. Skip Hop Acquisition Carter's, Inc.'s wholly-owned subsidiary, The William Carter Company ("TWCC"), acquired 100% of the voting equity interests of Skip Hop Holdings, Inc. and subsidiaries (collectively "Skip Hop") after the close of business on February 22, 2017. The Skip Hop purchase was deemed to be the acquisition of a business under the provisions of ASC No. 805, Business Combinations ("ASC 805"). The Company's consolidated financial statements reflect the consolidation of the financial position, results of operations and cash flows of Skip Hop beginning February 23, 2017. In the Company's unaudited condensed consolidated balance sheet at July 1, 2017, the preliminary purchase price of approximately $147.3 million , net of $0.8 million cash acquired, was comprised of the following acquired assets and assumed liabilities: $54.2 million of goodwill including an assembled workforce; $92.7 million of intangible assets comprised of a tradename and acquired customer relationships; $54.9 million of tangible assets acquired; and $20.2 million of liabilities in addition to $35.9 million of deferred income tax liabilities. The measurement period (as defined in ASC 805) for Skip Hop was complete at the end of fiscal 2017 and all measurement period adjustments were reflected in the Company's consolidated balance sheet as of December 30, 2017. As a result of the measurement period adjustments recorded between the acquisition date and the end of fiscal 2017, the net assets acquired consisted of the following: $46.0 million of goodwill including an assembled workforce; $104.1 million of intangible assets comprised of a tradename and acquired customer relationships; $53.9 million of tangible assets acquired; and $20.8 million of liabilities in addition to $36.3 million of deferred income tax liabilities. The adjusted purchase price of approximately $142.5 million , net of $0.8 million of cash acquired. During the first two quarters of fiscal 2017, the Company incurred approximately $1.8 million in acquisition-related costs for the Skip Hop transaction. 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 the licensee in 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 June 30, 2018. As a result of the measurement period adjustments recorded between the acquisition date and the end of the second quarter of fiscal 2018, the values assigned to assets acquired included inventories of approximately $8.0 million , a customer relationships intangible asset of approximately $3.5 million , and goodwill of approximately $6.3 million .

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS The components of accumulated other comprehensive loss consisted of the following: (dollars in thousands) June 30, 2018 December 30, 2017 July 1, 2017 Cumulative foreign currency translation adjustments $ (27,724 ) $ (21,285 ) $ (23,537 ) Pension and post-retirement obligations (1) (7,808 ) (7,808 ) (7,116 ) Total accumulated other comprehensive loss $ (35,532 ) $ (29,093 ) $ (30,653 ) (1) Net of income taxes of $4.4 million , $4.4 million , and $4.2 million , respectively. The deferred income taxes associated with these obligations are subject to adjustments upon the Company's adoption of ASC 2018-02. See Note 16, Pending Adoption of Recent Accounting Pronouncements . During the first and second quarters of both fiscal 2018 and fiscal 2017 , no amounts were reclassified from accumulated other comprehensive loss to the statement of operations.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS The Company's goodwill and intangible assets were as follows: June 30, 2018 December 30, 2017 (dollars in thousands) Weighted-average useful life Gross amount Accumulated amortization Net amount Gross amount Accumulated amortization Net amount Carter's goodwill Indefinite $ 136,570 $ 136,570 $ 136,570 $ 136,570 Canada goodwill Indefinite 40,367 40,367 42,223 42,223 Skip Hop goodwill Indefinite 45,984 45,984 45,997 45,997 Carter's Mexico goodwill Indefinite 5,634 5,634 5,634 5,634 Total goodwill $ 228,555 $ 228,555 $ 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 $ 627 3,284 3,550 $ 532 3,018 Total tradenames, net $ 366,444 $ 627 $ 365,817 $ 366,083 $ 532 $ 365,551 Skip Hop customer relationships 15 years $ 47,300 $ 3,892 $ 43,408 $ 47,300 $ 2,304 $ 44,996 Carter's Mexico customer relationships 10 years 3,031 217 2,814 3,135 135 3,000 Total customer relationships, net $ 50,331 $ 4,109 $ 46,222 $ 50,435 $ 2,439 $ 47,996 July 1, 2017 (dollars in thousands) Weighted-average useful life Gross amount Accumulated amortization Net amount Carter's goodwill Indefinite $ 136,570 $ 136,570 Canada goodwill Indefinite 40,897 40,897 Skip Hop goodwill Indefinite 54,242 54,242 Total goodwill $ 231,709 $ 231,709 Carter's tradename Indefinite $ 220,233 $ 220,233 OshKosh tradename Indefinite 85,500 85,500 Skip Hop tradename indefinite 56,800 56,800 Finite-life tradenames 5-20 years 42,021 $ 38,915 3,106 Total tradenames, net $ 404,554 $ 38,915 $ 365,639 Skip Hop customer relationships, net 15 years $ 35,900 $ 804 $ 35,096 Amortization expense for intangible assets subject to amortization was approximately $0.8 million and $0.6 million for the second fiscal quarter ended June 30, 2018 and second fiscal quarter ended July 1, 2017 , respectively. For the first two quarters of fiscal 2018 and fiscal 2017 , amortization expense was approximately $1.8 million and $0.9 million , respectively. Future amortization expense is estimated to be approximately $3.7 million for each of the next five fiscal years.

COMMON STOCK

COMMON STOCK	6 Months Ended
	Jun. 30, 2018
Stockholders' Equity Note [Abstract]
COMMON STOCK	COMMON STOCK OPEN MARKET SHARE REPURCHASES The total aggregate remaining capacity under outstanding repurchase authorizations as of June 30, 2018 was approximately $496.5 million , based on settled repurchase transactions. The authorizations have no expiration date. The Company repurchased and retired shares in open market transactions in the following amounts for the fiscal periods indicated: Fiscal quarter ended Two fiscal quarters ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Number of shares repurchased 599,314 587,465 820,627 1,131,409 Aggregate cost of shares repurchased (dollars in thousands) $ 63,899 $ 51,605 $ 89,093 $ 98,236 Average price per share $ 106.62 $ 87.84 $ 108.57 $ 86.82 Future repurchases may occur from time to time in the open market, in privately negotiated transactions, or otherwise. The timing and amount of any repurchases will be determined by the Company's management, based on its evaluation of market conditions, share price, other investment priorities, and other factors. DIVIDENDS In the second fiscal quarter and two fiscal quarters ended June 30, 2018 , the Company declared and paid cash dividends per share of $0.45 and $0.90 , respectively. In the second fiscal quarter and two fiscal quarters ended July 1, 2017 , the Company declared and paid cash dividends per share of $0.37 and $0.74 , respectively. Future declarations of dividends and the establishment of future record and payment dates are at the discretion of the Company's Board of Directors and based on a number of factors, including the Company's future financial performance and other investment priorities. Provisions in the indenture governing the senior notes of TWCC and in TWCC's secured revolving credit facility could have the effect of restricting the Company's ability to pay future cash dividends on, or make future repurchases of, its common stock. Provisions related to the indenture governing the senior notes are described in the Company's Annual Report on Form 10-K for the 2017 fiscal year ended December 30, 2017.

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consisted of the following: (dollars in thousands) June 30, 2018 December 30, 2017 July 1, 2017 Senior notes at amounts repayable $ 400,000 $ 400,000 $ 400,000 Less unamortized issuance-related costs for senior notes (3,222 ) (3,694 ) (4,154 ) Senior notes, net 396,778 396,306 395,846 Secured revolving credit facility 286,000 221,000 266,000 Total long-term debt, net $ 682,778 $ 617,306 $ 661,846 Secured Revolving Credit Facility On August 25, 2017, TWCC and a syndicate of lenders entered into a fourth amended and restated secured revolving credit agreement. The secured revolving credit facility provides: (i) a term for the facility lasting through August 22, 2022 and (ii) an aggregate credit line of $750 million which includes a $650 million U.S. dollar facility and a $100 million multicurrency facility denominated in U.S. dollars, Canadian dollars, Euros, Pounds Sterling, or other currencies agreed to by the applicable lenders. The $650 million U.S. dollar facility is inclusive of a $100 million sub-limit for letters of credit and a swing line sub-limit of $70 million . The $100 million multicurrency facility is inclusive of a $40 million sub-limit for letters of credit and a swing line sub-limit of $15 million . In addition, the secured revolving credit facility includes the opportunity for incremental borrowing facilities up to $425 million , which is 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. 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 June 30, 2018 , the Company had $286.0 million in outstanding borrowings under its secured revolving credit facility, exclusive of $4.5 million of outstanding letters of credit. As of June 30, 2018 , approximately $459.5 million remained available for future borrowing. All outstanding borrowings under the Company's secured revolving credit facility are classified as non-current liabilities on the Company's consolidated balance sheet because of the contractual repayment terms under the credit facility. As of June 30, 2018 , the interest rate applicable to the secured revolving credit facility were 1.375% for LIBOR (London Interbank Offered Rate) rate loans (which may be adjusted based on a leverage-based pricing grid ranging from 1.125% to 1.875% ) and 0.375% for base rate loans (which may be adjusted based on a leverage-based pricing grid ranging from 0.125% to 0.875% ). As of June 30, 2018 , U.S. dollar borrowings outstanding under the secured revolving credit facility accrued interest at a LIBOR rate plus the applicable base rate , which resulted in a weighted-average borrowing rate of 3.38% . All outstanding Canadian dollar borrowings were repaid during the first quarter of fiscal 2017. As of June 30, 2018 , the Company was in compliance with the financial and other covenants under the secured revolving credit facility. Senior Notes As of June 30, 2018 , TWCC had outstanding $400 million principal amount of senior notes bearing interest at a fixed rate of 5.25% per annum and maturing on August 15, 2021. The senior notes are unsecured and are fully and unconditionally guaranteed by Carter's, Inc. and certain subsidiaries of TWCC. On the Company's consolidated balance sheet, the senior notes are reported net of certain unamortized issuance-related costs, as shown in the table above.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Company recorded stock-based compensation expense as follows: Fiscal quarter ended Two fiscal quarters ended (dollars in thousands) June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Stock options $ 1,112 $ 955 $ 2,456 $ 2,199 Restricted stock: Time-based awards 3,027 2,832 5,311 5,144 Performance-based awards 1,183 1,080 2,499 2,303 Total $ 5,322 $ 4,867 $ 10,266 $ 9,646

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES As of June 30, 2018 , the Company had gross unrecognized income tax benefits of approximately $14.9 million , of which $12.6 million , if ultimately recognized, may affect the Company's effective income tax rate in the periods settled. The Company has recorded tax positions for which the ultimate deductibility is more likely than not, but for which there is uncertainty about the timing of such deductions. Included in the reserves for unrecognized tax benefits at June 30, 2018 were approximately $1.8 million of reserves for which the statute of limitations is expected to expire within the next fiscal year. If these tax benefits are ultimately recognized, such recognition, net of federal income taxes, may affect the annual effective income tax rate for fiscal 2018 or fiscal 2019 along with the effective income tax rate in the quarter in which the benefits are recognized. The Company recognizes interest related to unrecognized tax benefits as a component of interest expense and recognizes penalties related to unrecognized income tax benefits as a component of income tax expense. During the fiscal quarters ended June 30, 2018 and July 1, 2017 , interest expense recorded on uncertain tax positions was not significant. The Company had approximately $1.3 million , $1.0 million , and $1.0 million of interest accrued on uncertain tax positions as of June 30, 2018 , December 30, 2017 , and July 1, 2017 , respectively. For the full fiscal year 2018 , the Company estimates that its consolidated effective income tax rate will be approximately 22.0% . U.S. Tax Reform The provision for income taxes recognized by the Company during the fiscal fourth quarter of 2017 reflected certain provisional estimates for the accounting of the December 22, 2017 enactment of income tax law changes commonly known as the U.S. Tax Cuts and Jobs Act of 2017 (the "2017 Act"). The provisional accounting for the 2017 Act is permitted by SEC Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act, issued in late December 2017. Subsequent adjustments, if any, to the provisional accounting estimates must be reflected in income tax provisions/benefits during one or more periods in fiscal 2018. During the fourth quarter of fiscal 2017, the Company recorded a provisional tax expense estimate for the one-time transition tax liability for all of its foreign subsidiaries, resulting in an increase in income tax expense of approximately $10.4 million related to foreign earnings. The one-time transition tax is based on the Company's total post-1986 earnings and profits ("E&P") that the Company previously deferred from United States income taxes. The Company has not yet completed its calculation of the total post-1986 E&P for these foreign subsidiaries. No adjustments were made to this provisional tax expense estimate during the first two quarters of fiscal 2018. Further, the transition tax is based in part on the amount of those earnings held in cash and other specified assets. This amount may change when the Company finalizes the calculation of post-1986 foreign E&P previously deferred from U.S. federal taxation and finalizes the amounts held in cash or other specified assets. No additional income taxes have been provided for any remaining undistributed foreign earnings not subject to the transition tax, or any additional outside basis difference inherent in these entities, as these amounts continue to be indefinitely reinvested in foreign operations. Determining the amount of unrecognized deferred tax liability related to any remaining undistributed foreign earnings not subject to the transition tax and additional outside basis difference in these entities (i.e., basis difference in excess of that subject to the one-time transition tax) is not practicable, but the related cumulative temporary difference as of December 30, 2017 and June 30, 2018 would not result in a material incremental deferred tax liability.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The following table summarizes assets and liabilities that are remeasured at fair value each reporting period: June 30, 2018 December 30, 2017 July 1, 2017 (dollars in millions) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets Investments (1) $ 16.9 — — $ 16.7 — — $ 15.3 — — Liabilities Contingent consideration (2) — — — — — — — — $ 3.6 (1) Included in Other assets on the Company's consolidated balance sheet. (2) Included in Other current liabilities on the Company's consolidated balance sheet. INVESTMENTS The Company invests in marketable securities, principally equity-based mutual funds, to mitigate the risk associated with the investment return on employee deferrals of compensation. Gains on the investments in marketable securities were $0.2 million for both the second fiscal quarter and the two fiscal quarters ended June 30, 2018 , and were $0.5 million and $1.2 million for the fiscal quarter and two fiscal quarters ended July 1, 2017, respectively. These amounts are included in Other expense (income), net on the Company's consolidated statement of operations. CONTINGENT CONSIDERATION The estimated fair value of contingent consideration related to the Skip Hop acquisition was based on a weighted payout probability at the measurement date. Facts and circumstances that occurred subsequent to the acquisition indicated that the contingent earn out arrangement would not be achieved, and therefore approximately $3.6 million was credited to the Company's earnings during fiscal 2017. BORROWINGS As of June 30, 2018 , the fair value of the Company's $286.0 million in outstanding borrowings under its secured revolving credit facility approximated carrying value. The fair value of the Company's senior notes at June 30, 2018 was approximately $406 million . The fair value of these senior notes with a notional value and carrying value (gross of debt cost) of $400 million was estimated using a quoted price as provided in the secondary market, which considers the Company's credit risk and market related conditions, and is therefore within Level 2 of the fair value hierarchy.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following is a reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding: Fiscal quarter ended Two fiscal quarters ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Weighted-average number of common and common equivalent shares outstanding: Basic number of common shares outstanding 46,437,093 47,863,618 46,604,599 48,093,155 Dilutive effect of equity awards 509,545 550,726 563,137 552,866 Diluted number of common and common equivalent shares outstanding 46,946,638 48,414,344 47,167,736 48,646,021 Basic net income per common share (in thousands, except per share data): Net income $ 37,268 $ 37,793 $ 79,737 $ 84,388 Income allocated to participating securities (276 ) (290 ) (600 ) (659 ) Net income available to common shareholders $ 36,992 $ 37,503 $ 79,137 $ 83,729 Basic net income per common share $ 0.80 $ 0.78 $ 1.70 $ 1.74 Diluted net income per common share (in thousands, except per share data): Net income $ 37,268 $ 37,793 $ 79,737 $ 84,388 Income allocated to participating securities (274 ) (288 ) (596 ) (654 ) Net income available to common shareholders $ 36,994 $ 37,505 $ 79,141 $ 83,734 Diluted net income per common share $ 0.79 $ 0.77 $ 1.68 $ 1.72 Anti-dilutive awards excluded from diluted earnings per share computation 332,448 663,531 254,417 596,297

OTHER CURRENT AND LONG-TERM LIA

OTHER CURRENT AND LONG-TERM LIABILITIES	6 Months Ended
	Jun. 30, 2018
Other Liabilities Disclosure [Abstract]
OTHER CURRENT AND LONG-TERM LIABILITIES	OTHER CURRENT AND LONG-TERM LIABILITIES Other current liabilities that exceeded five percent of total current liabilities, at the end of any comparable period, were as follows: (dollars in thousands) June 30, 2018 December 30, 2017 July 1, 2017 Accrued bonuses and incentive compensation $ 5,231 $ 27,566 $ 5,959 Accrued employee benefits 10,663 21,735 10,227 Accrued and deferred rent 18,702 18,213 17,767 Other long-term liabilities that exceeded five percent of total liabilities, at the end of any comparable period, were as follows: (dollars in thousands) June 30, 2018 December 30, 2017 July 1, 2017 Deferred lease incentives $ 75,431 $ 75,104 $ 74,344

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company is subject to various claims and pending or threatened lawsuits in the normal course of business. The Company is not currently a party to any legal proceedings that it believes would have a material adverse impact on its financial position, results of operations, or cash flows.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The table below presents certain information for our reportable segments and unallocated corporate expenses for the periods indicated. Fiscal quarter ended Two fiscal quarters ended (dollars in thousands) June 30, % of July 1, % of June 30, % of July 1, % of Net sales : U.S. Retail $ 402,021 57.7 % $ 391,457 56.6 % $ 785,762 54.1 % $ 755,299 53.0 % U.S. Wholesale 209,476 30.1 % 217,710 31.5 % 490,309 33.8 % 510,265 35.8 % International 84,700 12.2 % 82,584 11.9 % 175,912 12.1 % 159,014 11.2 % Total net sales $ 696,197 100.0 % $ 691,751 100.0 % $ 1,451,983 100.0 % $ 1,424,578 100.0 % Operating income (loss) : % of Segment Net Sales % of Segment Net Sales % of % of U.S. Retail (a) (e) $ 45,428 11.3 % $ 42,133 10.8 % $ 74,947 9.5 % $ 71,922 9.5 % U.S. Wholesale (b) (e) 30,338 14.5 % 35,805 16.4 % 80,610 16.4 % 105,501 20.7 % International (e) 4,312 5.1 % 7,597 9.2 % 8,073 4.6 % 11,282 7.1 % Corporate expenses (c) (d) (23,108 ) (21,224 ) (46,351 ) (45,938 ) Total operating income $ 56,970 8.2 % $ 64,311 9.3 % $ 117,279 8.1 % $ 142,767 10.0 % (a) Two fiscal quarters ended June 30, 2018 includes insurance recoveries of approximately $0.4 million associated with storm-related store closures in 2017. (b) Includes approximately $12.8 million of charges related to a customer bankruptcy for the two fiscal quarters ended June 30, 2018 . (c) Corporate expenses include expenses related to incentive compensation, stock-based compensation, executive management, severance and relocation, finance, office occupancy, information technology, certain legal fees, consulting, and audit fees. (d) Includes the following charges: Fiscal quarter ended Two fiscal quarters ended (dollars in millions) June 30, July 1, June 30, July 1, Direct sourcing initiative $ — $ 0.1 $ — $ 0.3 Acquisition-related costs $ — $ 0.8 $ — $ 2.5 (e) A total of $0.4 million of certain costs related to inventory acquired from Skip Hop is included in operating income between U.S. Wholesale, U.S. Retail, and International for the fiscal quarter and two fiscal quarters ended July 1, 2017.

PENDING ADOPTION OF RECENT ACCO

PENDING ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
PENDING ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS	PENDING ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS Leases (ASU 2016-02) In February 2016, the FASB issued new lease accounting guidance in ASU No. 2016-02, Leases-Topic 842, which has been codified in ASC 842, Leases ("ASC 842"). Under this new guidance, lessees will be required to recognize for all leases (with the exception of short-term leases): 1) a lease liability equal to the lessee's obligation to make lease payments arising from a lease, measured on a discounted basis and 2) a right-of-use asset which will represent the lessee's right to use, or control the use of, a specified asset for the lease term. The new standard will be effective for the Company at the beginning of fiscal 2019, including interim periods within the year of adoption. The Company is assessing the implications of applying the practical expedients and accounting policy elections, implementing software to meet the reporting requirements of the new standard, and identifying changes to its business processes and controls to support the adoption of the new standard. The Company believes the adoption will have a material impact on the total assets and total liabilities reported on the Company's consolidated balance sheets, but is not able to quantify the difference at this time. However, the Company does not believe adoption of this standard will have a material impact on the Company's consolidated results of operations or cash flows. Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018-02) In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ("ASU 2018-02"). ASU 2018-02 permits a company to reclassify the income tax effects of the U.S. Tax Cuts and Jobs Act of 2017 (the "2017 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 Act, thereby leaving a "stranded" tax balance within AOCI-L. ASU 2018-02 will allow a company to transfer these "stranded" amounts from AOCI-L to retained earnings. ASU 2018-02 will be effective for the Company at the beginning of fiscal 2019, with early adoption permitted. The Company has amounts in its AOCI-L for defined benefit retirement plans that were recorded net of applicable income taxes, thus the Company anticipates the transfer of "stranded" tax amounts from its AOCI-L to retained earnings upon the adoption of ASU 2018-02. The effect of the adoption of ASU 2018-02 will not be material to the Company's financial position, and the adoption will have no impact on the Company's results of operations or cash flows. Credit Losses (ASU 2016-13) In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13") . This new guidance will change how entities account for credit impairment for trade and other receivables, as well as for certain financial assets and other instruments. ASU 2016-13 will replace the current "incurred loss" model with an "expected loss" model. Under the "incurred loss" model, a loss (or allowance) is recognized only when an event has occurred (such as a payment delinquency) that causes the entity to believe that a loss is probable (i.e., that it has been "incurred"). Under the "expected loss" model, an entity will recognize a loss (or allowance) upon initial recognition of the asset that reflects all future events that will lead to a loss being realized, regardless of whether it is probable that the future event will occur. The "incurred loss" model considers past events and current conditions, while the "expected loss" model includes expectations for the future which have yet to occur. ASU 2016-13 will be effective for the Company at the beginning of fiscal 2020 with early adoption permitted for fiscal 2019, including interim periods therein. The standard will require entities to record a cumulative-effect adjustment to the balance sheet as of the beginning of the first reporting period in which the guidance is effective. The Company is currently evaluating the potential impact that ASU 2016-13 may have on the timing of recognizing future provisions for expected losses on the Company's accounts receivable. Goodwill Impairment Testing (ASU 2017-04) In January 2017, the FASB issued ASU No. 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU 2017-04") . ASU 2017-04 will eliminate the requirement to calculate the implied fair value of goodwill (step 2 of the current goodwill impairment test) to measure a goodwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit's carrying amount over its fair value (i.e., measure the charge based on the current step 1). Any impairment charge will be limited to the amount of goodwill allocated to an affected reporting unit. ASU 2017-04 will not change the current guidance for completing Step 1 of the goodwill impairment test, and an entity will still be able to perform the current optional qualitative goodwill impairment assessment before determining whether to proceed to Step 1. Upon adoption, ASU 2017-04 will be applied prospectively. Adoption for the Company will be effective for annual and interim impairment tests performed beginning in fiscal 2020. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017. The impact that ASU 2017-04 may have on the Company's financial condition or results of operations will depend on the circumstances of any goodwill impairment event that may occur after adoption.

GUARANTOR UNAUDITED CONDENSED C

GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	6 Months Ended
	Jun. 30, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS	GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS The Company’s senior notes constitute debt obligations of its wholly-owned subsidiary, The William Carter Company ("TWCC" or the "Subsidiary Issuer"), are unsecured and are fully and unconditionally guaranteed by Carter’s, Inc. (the "Parent"), by certain of the Parent's current domestic subsidiaries (other than TWCC), and, subject to certain exceptions, future restricted subsidiaries that guarantee the Company’s secured revolving credit facility or certain other debt of the Company or the subsidiary guarantors. For additional information, refer to the Company's Annual Report on Form 10-K for the 2017 fiscal year ended December 30, 2017. The condensed consolidating financial information for the Parent, the Subsidiary Issuer, and the guarantor and non-guarantor subsidiaries has been prepared from the books and records maintained by the Company. The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10. The financial information may not necessarily be indicative of the financial position, results of operations, comprehensive income (loss), and cash flows, had the Parent, Subsidiary Issuer, guarantor or non-guarantor subsidiaries operated as independent entities. Intercompany revenues and expenses included in the subsidiary records are eliminated in consolidation. As a result of this activity, an amount due to/due from affiliates will exist at any time. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions. The Company has accounted for investments in subsidiaries under the equity method. The guarantor subsidiaries are 100% owned directly or indirectly by the Parent and all guarantees are joint, several, and unconditional. Condensed Consolidating Balance Sheets (unaudited) As of June 30, 2018 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 99,928 $ 13,529 $ 69,745 $ — $ 183,202 Accounts receivable, net — 114,728 31,779 6,010 — 152,517 Intercompany receivable — 70,001 105,309 60,536 (235,846 ) — Finished goods inventories — 385,000 224,323 76,949 (23,009 ) 663,263 Prepaid expenses and other current assets — 19,393 20,202 12,360 — 51,955 Total current assets — 689,050 395,142 225,600 (258,855 ) 1,050,937 Property, plant, and equipment, net — 141,465 185,123 37,635 — 364,223 Goodwill — 136,570 45,369 46,616 — 228,555 Tradenames, net — 223,162 142,655 — — 365,817 Customer relationships, net — — 43,408 2,814 — 46,222 Other assets — 23,802 2,171 1,802 — 27,775 Intercompany long-term receivable — — 438,167 — (438,167 ) — Intercompany long-term note receivable — 100,000 — — (100,000 ) — Investment in subsidiaries 810,329 1,086,715 254,289 — (2,151,333 ) — Total assets $ 810,329 $ 2,400,764 $ 1,506,324 $ 314,467 $ (2,948,355 ) $ 2,083,529 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ — $ 147,179 $ 50,786 $ 18,966 $ — $ 216,931 Intercompany payables — 158,421 72,412 5,013 (235,846 ) — Other current liabilities — 13,459 71,482 10,744 — 95,685 Total current liabilities — 319,059 194,680 34,723 (235,846 ) 312,616 Long-term debt — 682,778 — — — 682,778 Deferred income taxes — 45,690 39,560 505 — 85,755 Intercompany long-term liability — 438,167 — — (438,167 ) — Intercompany long-term note payable — — 100,000 — (100,000 ) — Other long-term liabilities — 81,732 94,721 15,598 — 192,051 Stockholders' equity 810,329 833,338 1,077,363 263,641 (2,174,342 ) 810,329 Total liabilities and stockholders' equity $ 810,329 $ 2,400,764 $ 1,506,324 $ 314,467 $ (2,948,355 ) $ 2,083,529 As of December 30, 2017 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 129,463 $ 10,030 $ 39,001 $ — $ 178,494 Accounts receivable, net — 182,944 40,286 17,331 — 240,561 Intercompany receivable — 87,702 162,007 58,980 (308,689 ) — Finished goods inventories — 296,065 206,556 66,569 (20,468 ) 548,722 Prepaid expenses and other current assets — 17,012 21,354 14,569 — 52,935 Total current assets — 713,186 440,233 196,450 (329,157 ) 1,020,712 Property, plant, and equipment, net — 147,858 189,511 40,555 — 377,924 Goodwill — 136,570 45,368 48,486 — 230,424 Tradenames, net — 223,251 142,300 — — 365,551 Customer relationships, net — — 44,996 3,000 — 47,996 Other assets — 23,884 2,392 2,159 — 28,435 Intercompany long-term receivable — — 441,294 — (441,294 ) — Intercompany long-term note receivable — 100,000 — — (100,000 ) — Investment in subsidiaries 857,416 1,053,224 231,994 — (2,142,634 ) — Total assets $ 857,416 $ 2,397,973 $ 1,538,088 $ 290,650 $ (3,013,085 ) $ 2,071,042 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ — $ 115,658 $ 49,313 $ 17,143 $ — $ 182,114 Intercompany payables — 215,573 91,697 1,419 (308,689 ) — Other current liabilities — 11,805 122,989 14,340 — 149,134 Total current liabilities — 343,036 263,999 32,902 (308,689 ) 331,248 Long-term debt — 617,306 — — — 617,306 Deferred income taxes — 46,619 37,647 678 — 84,944 Intercompany long-term liability — 441,294 — — (441,294 ) — Intercompany long-term note payable — — 100,000 — (100,000 ) — Other long-term liabilities — 71,834 92,570 15,724 — 180,128 Stockholders' equity 857,416 877,884 1,043,872 241,346 (2,163,102 ) 857,416 Total liabilities and stockholders' equity $ 857,416 $ 2,397,973 $ 1,538,088 $ 290,650 $ (3,013,085 ) $ 2,071,042 As of July 1, 2017 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 127,907 $ 11,435 $ 34,222 $ — $ 173,564 Accounts receivable, net — 124,885 35,765 4,533 — 165,183 Intercompany receivable — 56,526 61,911 25,588 (144,025 ) — Finished goods inventories — 346,963 207,368 68,262 (12,170 ) 610,423 Prepaid expenses and other current assets — 16,683 19,483 10,236 — 46,402 Total current assets — 672,964 335,962 142,841 (156,195 ) 995,572 Property, plant, and equipment, net — 150,796 195,209 36,467 — 382,472 Goodwill — 136,570 53,635 41,504 — 231,709 Tradenames, net — 223,339 142,300 — — 365,639 Customer relationships, net — — 35,096 — — 35,096 Other assets — 20,901 447 1,898 — 23,246 Intercompany long-term receivable — — 411,475 — (411,475 ) — Intercompany long-term note receivable — 100,000 — — (100,000 ) — Investment in subsidiaries 749,948 936,348 167,809 — (1,854,105 ) — Total assets $ 749,948 $ 2,240,918 $ 1,341,933 $ 222,710 $ (2,521,775 ) $ 2,033,734 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ — $ 151,770 $ 47,695 $ 17,875 $ — $ 217,340 Intercompany payables — 82,539 57,034 4,452 (144,025 ) — Other current liabilities — 32,973 54,535 8,952 — 96,460 Total current liabilities — 267,282 159,264 31,279 (144,025 ) 313,800 Long-term debt — 661,846 — — — 661,846 Deferred income taxes — 69,750 63,422 101 — 133,273 Intercompany long-term liability — 411,475 — — (411,475 ) — Intercompany long-term note payable — — 100,000 — (100,000 ) — Other long-term liabilities — 68,447 92,236 14,184 — 174,867 Stockholders' equity 749,948 762,118 927,011 177,146 (1,866,275 ) 749,948 Total liabilities and stockholders' equity $ 749,948 $ 2,240,918 $ 1,341,933 $ 222,710 $ (2,521,775 ) $ 2,033,734 Condensed Consolidating Statements of Operations (unaudited) For the fiscal quarter ended June 30, 2018 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 345,813 $ 445,836 $ 94,369 $ (189,821 ) $ 696,197 Cost of goods sold — 273,857 260,516 41,196 (189,330 ) 386,239 Gross profit — 71,956 185,320 53,173 (491 ) 309,958 Royalty income, net — 8,601 4,599 — (2,845 ) 10,355 Selling, general, and administrative expenses — 42,423 196,923 32,110 (8,113 ) 263,343 Operating income — 38,134 (7,004 ) 21,063 4,777 56,970 Interest expense — 7,937 1,327 — (1,327 ) 7,937 Interest income — (1,329 ) — (223 ) 1,327 (225 ) (Income) loss in subsidiaries (37,268 ) (4,973 ) (16,836 ) — 59,077 — Other (income) expense, net — (3 ) 114 864 — 975 Income (loss) before income taxes 37,268 36,502 8,391 20,422 (54,300 ) 48,283 Provision for income taxes — 4,011 3,418 3,586 — 11,015 Net income (loss) $ 37,268 $ 32,491 $ 4,973 $ 16,836 $ (54,300 ) $ 37,268 For the fiscal quarter ended July 1, 2017 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 352,814 $ 434,956 $ 71,885 $ (167,904 ) $ 691,751 Cost of goods sold — 260,901 257,168 37,019 (166,584 ) 388,504 Gross profit — 91,913 177,788 34,866 (1,320 ) 303,247 Royalty income, net — 8,905 4,882 — (2,577 ) 11,210 Selling, general, and administrative expenses — 38,295 193,865 26,292 (8,306 ) 250,146 Operating income — 62,523 (11,195 ) 8,574 4,409 64,311 Interest expense — 7,138 1,377 6 (1,327 ) 7,194 Interest income — (1,401 ) — (5 ) 1,327 (79 ) (Income) loss in subsidiaries (37,793 ) 7,153 (6,805 ) — 37,445 — Other (income) expense, net — (257 ) 280 (567 ) — (544 ) Income (loss) before income taxes 37,793 49,890 (6,047 ) 9,140 (33,036 ) 57,740 Provision for income taxes — 16,506 1,106 2,335 — 19,947 Net income (loss) $ 37,793 $ 33,384 $ (7,153 ) $ 6,805 $ (33,036 ) $ 37,793 For the two fiscal quarters ended June 30, 2018 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 806,799 $ 872,299 $ 178,966 $ (406,081 ) $ 1,451,983 Cost of goods sold — 603,856 511,598 86,797 (392,703 ) 809,548 Gross profit — 202,943 360,701 92,169 (13,378 ) 642,435 Royalty income, net — 15,528 8,419 — (5,598 ) 18,349 Selling, general, and administrative expenses — 84,239 412,089 63,612 (16,435 ) 543,505 Operating income — 134,232 (42,969 ) 28,557 (2,541 ) 117,279 Interest expense — 15,912 2,654 10 (2,654 ) 15,922 Interest income — (2,671 ) — (374 ) 2,654 (391 ) (Income) loss in subsidiaries (79,737 ) 21,039 (23,424 ) — 82,122 — Other expense, net — 18 125 450 — 593 Income (loss) before income taxes 79,737 99,934 (22,324 ) 28,471 (84,663 ) 101,155 Provision for (benefit from) income taxes — 17,656 (1,285 ) 5,047 — 21,418 Net income (loss) $ 79,737 $ 82,278 $ (21,039 ) $ 23,424 $ (84,663 ) $ 79,737 For the two fiscal quarters ended July 1, 2017 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 806,329 $ 830,806 $ 132,917 $ (345,474 ) $ 1,424,578 Cost of goods sold — 591,535 486,115 74,448 (346,459 ) 805,639 Gross profit — 214,794 344,691 58,469 985 618,939 Royalty income, net — 17,335 9,007 — (4,574 ) 21,768 Selling, general, and administrative expenses — 79,227 383,369 52,563 (17,219 ) 497,940 Operating income — 152,902 (29,671 ) 5,906 13,630 142,767 Interest expense — 14,111 2,746 95 (2,654 ) 14,298 Interest income — (2,840 ) — (33 ) 2,654 (219 ) (Income) loss in subsidiaries (84,388 ) 28,254 (4,358 ) — 60,492 — Other (income) expense, net — (625 ) 648 (788 ) — (765 ) Income (loss) before income taxes 84,388 114,002 (28,707 ) 6,632 (46,862 ) 129,453 Provision for (benefit from) income taxes — 43,244 (453 ) 2,274 — 45,065 Net income (loss) $ 84,388 $ 70,758 $ (28,254 ) $ 4,358 $ (46,862 ) $ 84,388 Condensed Consolidating Statements of Comprehensive Income (unaudited) For the fiscal quarter ended June 30, 2018 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net income (loss) $ 37,268 $ 32,491 $ 4,973 $ 16,836 $ (54,300 ) $ 37,268 Foreign currency translation adjustments (4,677 ) (4,677 ) (4,677 ) (4,677 ) 14,031 (4,677 ) Comprehensive income (loss) $ 32,591 $ 27,814 $ 296 $ 12,159 $ (40,269 ) $ 32,591 For the fiscal quarter ended July 1, 2017 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net income (loss) $ 37,793 $ 33,384 $ (7,153 ) $ 6,805 $ (33,036 ) $ 37,793 Foreign currency translation adjustments 3,140 3,140 3,140 3,140 (9,420 ) 3,140 Comprehensive income (loss) $ 40,933 $ 36,524 $ (4,013 ) $ 9,945 $ (42,456 ) $ 40,933 For the two fiscal quarters ended June 30, 2018 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net income (loss) $ 79,737 $ 82,278 $ (21,039 ) $ 23,424 $ (84,663 ) $ 79,737 Foreign currency translation adjustments (6,439 ) (6,439 ) (6,439 ) (6,439 ) 19,317 (6,439 ) Comprehensive income (loss) $ 73,298 $ 75,839 $ (27,478 ) $ 16,985 $ (65,346 ) $ 73,298 For the two fiscal quarters ended July 1, 2017 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net income (loss) $ 84,388 $ 70,758 $ (28,254 ) $ 4,358 $ (46,862 ) $ 84,388 Foreign currency translation adjustments 4,087 4,087 4,087 4,087 (12,261 ) 4,087 Comprehensive income (loss) $ 88,475 $ 74,845 $ (24,167 ) $ 8,445 $ (59,123 ) $ 88,475 Condensed Consolidating Statements of Cash Flows (unaudited) For the two fiscal quarters ended June 30, 2018 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Cash flows provided by (used in) operating activities: $ — $ 109,382 $ (38,837 ) $ 32,518 $ — $ 103,063 Cash flows from investing activities: Capital expenditures — (9,291 ) (19,042 ) (3,417 ) — (31,750 ) Intercompany investing activity 130,651 (3,243 ) 3,024 927 (131,359 ) — Acquisitions of businesses, net of cash acquired — — — 96 — 96 Disposals and recoveries from property, plant, and equipment — — 369 4 — 373 Net cash provided by (used in) investing activities 130,651 (12,534 ) (15,649 ) (2,390 ) (131,359 ) (31,281 ) Cash flows from financing activities: Intercompany financing activity — (191,383 ) 57,985 2,039 131,359 — Borrowings under secured revolving credit facility — 150,000 — — — 150,000 Payments on secured revolving credit facility — (85,000 ) — — — (85,000 ) Dividends paid (42,267 ) — — — — (42,267 ) Repurchases of common stock (89,093 ) — — — — (89,093 ) Withholdings from vestings of restricted stock (6,667 ) — — — — (6,667 ) Proceeds from exercises of stock options 7,376 — — — — 7,376 Net cash (used in) provided by financing activities (130,651 ) (126,383 ) 57,985 2,039 131,359 (65,651 ) Effect of exchange rate changes on cash — — — (1,423 ) — (1,423 ) Net (decrease) increase in cash and cash equivalents — (29,535 ) 3,499 30,744 — 4,708 Cash and cash equivalents, beginning of period — 129,463 10,030 39,001 — 178,494 Cash and cash equivalents, end of period $ — $ 99,928 $ 13,529 $ 69,745 $ — $ 183,202 For the two fiscal quarters ended July 1, 2017 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Cash flows provided by (used in) operating activities: $ — $ 120,884 $ (13,661 ) $ 110 $ — $ 107,333 Cash flows from investing activities: Capital expenditures — (10,594 ) (19,719 ) (3,963 ) — (34,276 ) Intercompany investing activity 136,535 (2,468 ) — — (134,067 ) — Acquisition of business, net of cash acquired — (144,520 ) 746 70 — (143,704 ) Net cash provided by (used in) investing activities 136,535 (157,582 ) (18,973 ) (3,893 ) (134,067 ) (177,980 ) Cash flows from financing activities: Intercompany financing activity — (164,451 ) 32,252 (1,868 ) 134,067 — Borrowings under secured revolving credit facility — 100,000 — — — 100,000 Payments on secured revolving credit facility — — — (18,965 ) — (18,965 ) Dividends paid (35,831 ) — — — — (35,831 ) Repurchases of common stock (98,236 ) — — — — (98,236 ) Withholdings from vestings of restricted stock (5,590 ) — — — — (5,590 ) Proceeds from exercises of stock options 3,122 — — — — 3,122 Net cash (used in) provided by financing activities (136,535 ) (64,451 ) 32,252 (20,833 ) 134,067 (55,500 ) Effect of exchange rate changes on cash — — — 353 — 353 Net decrease in cash and cash equivalents — (101,149 ) (382 ) (24,263 ) — (125,794 ) Cash and cash equivalents, beginning of period — 229,056 11,817 58,485 — 299,358 Cash and cash equivalents, end of period $ — $ 127,907 $ 11,435 $ 34,222 $ — $ 173,564

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenue from Contracts with Customers (ASC No. 606)	Revenue from Contracts with Customers (ASC No. 606) At the beginning of fiscal 2018, the Company adopted the provisions of ASC No. 606, Revenue from Contracts with Customers, and all related amendments (“ASC 606”) using the full retrospective adoption method. Refer to Note 3, Revenue Recognition, for additional information. The Company uses the five-step model to recognize revenue: 1) Identify the contract with the customer 2) Identity the performance obligation(s) 3) Determine the transaction price 4) Allocate the transaction price to each performance obligation if multiple obligations exist 5) Recognize the revenue as the performance obligations are satisfied Performance Obligations The Company identifies each distinct performance obligation to transfer goods (or bundle of goods). The Company recognizes revenue when (or as) it satisfies a performance obligation by transferring control of the goods to the customer. Other than inbound and outbound freight and shipping arrangements, the Company does not use third parties to satisfy its performance obligations in revenue arrangements with customers. When Performance Obligations Are Satisfied Wholesale Revenues - The Company typically transfers control upon shipment. However, in certain arrangements where the Company retains the risk of loss during shipment, satisfaction of the performance obligation occurs when the goods reach the customer. Retail Revenues - For transactions in stores, the Company satisfies its performance obligation at point of sale when the customer takes possession of the goods and tenders payment. The redemption of loyalty points under the Company's rewards program and redemptions of gift cards may be part of a transaction. For purchases made through the Company’s eCommerce channel, revenue is recognized when the goods are physically delivered to the customer. The Company satisfies its performance obligations with licensees over time as customers have the right to use the intellectual property over the contract period. Significant Payment Terms Retail customers tender a form of payment, such as cash or a credit/debit card, at point of sale. For wholesale customers and licensees, payment is due based on established terms. Returns and Refunds The Company establishes return provisions for retail customers. It is the Company's policy not to accept returns from wholesale customers. Significant Judgments Sale of Goods - The Company relies on shipping terms to determine when performance obligations are satisfied. When goods are shipped to wholesale customers “FOB Shipping Point,” control of the goods is transferred to the customer at the time of shipment if there are no remaining performance obligations. The Company recognizes the revenue once control passes to the customer. For retail transactions, no significant judgments are involved since revenue is recognized at the point of sale when tender is exchanged and the customer receives the goods. Royalty Revenues - The Company transfers the right-to-use benefit to the licensee for the contract term and therefore the Company satisfies its performance obligation over time. Revenue recognized for each reporting period is based on the greater of: 1) the royalties owed on actual net sales by the licensee and 2) a minimum royalty guarantee, if applicable. Transaction Price - The transaction price is the amount of consideration the Company expects to receive under the arrangement. The Company is required to estimate variable consideration (if any) and to factor that estimation into the determination of the transaction price. The Company may offer sales incentives to wholesale and retail customers, including discounts. For retail transactions, the Company has significant experience with return patterns and relies on this experience to estimate expected returns when determining the transaction price. Standalone Selling Prices - For arrangements that contain multiple performance obligations, the Company allocates the transaction price to each performance obligation on a relative standalone selling price basis. Costs Incurred to Obtain a Contract - Incremental costs to obtain contracts are not material to the Company. Policy Elections In addition to those previously disclosed, the Company has made the following accounting policy elections and practical expedients: Portfolio Approach - The Company uses the portfolio approach when multiple contracts or performance obligations are involved in the determination of revenue recognition. Taxes - The Company excludes from the transaction price any taxes collected from customers that are remitted to taxing authorities. Shipping and Handling Charges - Charges that are incurred before and after the customer obtains control of goods are deemed to be fulfillment costs. Time Value of Money - The Company's payment terms are less than one year from the transfer of goods. Therefore, the Company does not adjust promised amounts of consideration for the effects of the time value of money. Disclosure of Remaining Performance Obligations - The Company does not disclose the aggregate amount of the transaction price allocated to remaining performance obligations for contracts that are one year or less in term.
Classification of Costs Related to Defined Benefit Pension and Other Post-retirement Benefit Plans	Classification of Costs Related to Defined Benefit Pension and Other Post-retirement Benefit Plans (ASU 2017-07) At the beginning of fiscal 2018, the Company adopted ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost ("ASU 2017-07"). ASU 2017-07 changes how employers that sponsor defined benefit pension and/or other post-retirement benefit plans present the net periodic benefit costs in the statement of operations. Under this new guidance, an employer's statement of operations presents service cost arising in the current period in the same statement line item as other employee compensation. However, all other components of current period costs related to defined benefit plans, such as prior service costs and actuarial gains and losses, are presented on the statement of operations on a line item outside (or below) operating income. ASU 2017-07 affects only the classification of certain costs on the statement of operations, not the determination of costs. Net periodic pension costs related to the Company's frozen defined benefit pension plan and post-retirement medical benefit plan were not material for the second quarter of fiscal 2018, two fiscal quarters of 2018, or prior periods. Prior period results have not been reclassified on the Company's statement of operations due to materiality.
Modifications to Share-based Compensation Awards	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. Should the Company modify share-based payment awards in the future, it will apply the provisions of ASU 2017-09.
Definition of a Business	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. Should the Company commence or complete an acquisition in future periods, it will apply the provisions of ASU 2017-01.
Statement of Cash Flows	Statement of Cash Flows (ASU 2016-15) At the beginning of fiscal 2018, the Company adopted ASU No. 2016-15, Statement of Cash Flows (Topic 230) ("ASU 2016-15"). ASU 2016-15 represents a consensus of the FASB’s Emerging Issues Task Force on eight separate issues that, if present, can impact classifications on the statement of cash flows. The guidance requires application using a retrospective transition method. The adoption of ASU 2016-15 only impacted the classification of certain insurance proceeds on the Company's consolidated statement of cash flows for the first two quarters of fiscal 2018.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
ASC 606 Initial Application	The effects of retrospective adoption on the Company's consolidated Statement of Operations were as follows: Second Quarter Two Fiscal Quarters Year Year (dollars in thousands, except per share data) Fiscal 2017 Fiscal 2017 Fiscal 2017 Fiscal 2016 Net sales $ (366 ) $ (294 ) $ 92 $ (637 ) Cost of goods sold $ (156 ) $ 26 $ 52 $ (7 ) Income before income taxes $ (210 ) $ (319 ) $ 40 $ (630 ) Net income $ (132 ) $ (201 ) $ 84 (397 ) Basic net income per common share $ (0.01 ) $ (0.01 ) $ — $ (0.01 ) Diluted net income per common share $ (0.01 ) $ (0.01 ) $ — $ — The cumulative effect to the Company’s retained earnings at January 2, 2016 was an after-tax increase of approximately $0.6 million . The effects of adoption of ASC 606 on the Company’s consolidated balance sheet at December 30, 2017 were as follows: (dollars in thousands) As Previously Reported ASC 606 Adjustments As Amended for ASC 606 ASSETS Prepaid expenses and other current assets $ 49,892 $ 3,043 (1) $ 52,935 Total current assets $ 1,017,669 $ 3,043 $ 1,020,712 Total assets $ 2,067,999 $ 3,043 $ 2,071,042 LIABILITIES AND STOCKHOLDERS' EQUITY Other current liabilities $ 146,510 $ 2,624 (2) $ 149,134 Total current liabilities $ 328,624 $ 2,624 $ 331,248 Deferred income taxes $ 84,848 $ 96 $ 84,944 Total liabilities $ 1,210,906 $ 2,720 $ 1,213,626 Retained earnings 885,714 323 (3) 886,037 Total stockholder's equity $ 857,093 $ 323 $ 857,416 Total liabilities and stockholders' equity $ 2,067,999 $ 3,043 $ 2,071,042 (1) Reclassification of estimated inventory expected to be returned by customers through future sales refund transactions. This amount was reclassified from the returns reserve (current liability) to a current asset. Prior to the Company's adoption of ASC 606, the Company's returns reserve (current liability) was reported net of the estimated inventory expected to be returned by customers through sales refund transactions. (2) Amount includes a reclassification of approximately $3.0 million for estimated inventory expected to be returned by customers, partially offset by a reclassification of approximately $0.4 million for gift card liabilities. (3) Cumulative impact of approximately $0.6 million for after-tax adjustments to retained earnings at the beginning of fiscal 2016, offset by ASC 606 effects on fiscal 2017 and fiscal 2016 results of operations. The retrospective adoption of ASC 606 at the beginning of fiscal 2018 also had the following effects on the Company’s unaudited condensed consolidated balance sheet at July 1, 2017: (dollars in thousands) As Previously Reported ASC 606 Adjustments As Amended for ASC 606 ASSETS Prepaid expenses and other current assets $ 44,527 $ 1,875 (1) $ 46,402 Total current assets $ 993,697 $ 1,875 $ 995,572 Total assets $ 2,031,859 $ 1,875 $ 2,033,734 LIABILITIES AND STOCKHOLDERS' EQUITY Other current liabilities $ 94,644 $ 1,816 (2) $ 96,460 Total current liabilities $ 311,984 $ 1,816 $ 313,800 Deferred income taxes $ 133,251 $ 22 133,273 Total liabilities $ 1,281,948 $ 1,838 $ 1,283,786 Retained earnings $ 780,084 $ 37 (3) $ 780,121 Total stockholder's equity $ 749,911 $ 37 $ 749,948 Total liabilities and stockholders' equity $ 2,031,859 $ 1,875 $ 2,033,734 (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 $1.9 million for estimated inventory expected to be returned by customers, partially offset by an adjustment of approximately $0.1 million for gift card liabilities. (3) Cumulative impact of approximately $0.6 million for after-tax adjustments to retained earnings at the beginning of fiscal 2016, offset by ASC 606 impact on fiscal 2017 and fiscal 2016 results of operations.
Disaggregation of Revenue	Disaggregation of Revenue The Company sells its products directly to consumers ("direct-to-consumer") and to other retail companies and partners that subsequently sell the products directly to their own retail customers. The Company also earns royalties from its licensees. Disaggregated revenues from these sources for the second quarter and two quarters ended fiscal 2018 and 2017 were as follows: Fiscal quarter ended June 30, 2018 (dollars in thousands) U.S. Retail U.S. Wholesale International Total Wholesale channel $ — $ 209,476 $ 25,169 $ 234,645 Direct-to-consumer 402,021 — 59,531 461,552 $ 402,021 $ 209,476 $ 84,700 $ 696,197 Royalty income $ 4,426 $ 4,957 $ 972 $ 10,355 Two fiscal quarters ended June 30, 2018 (dollars in thousands) U.S. Retail U.S. Wholesale International Total Wholesale channel $ — $ 490,309 $ 62,882 $ 553,191 Direct-to-consumer 785,762 — 113,030 898,792 $ 785,762 $ 490,309 $ 175,912 $ 1,451,983 Royalty income $ 6,011 $ 10,802 $ 1,536 $ 18,349 Fiscal quarter ended July 1, 2017 (dollars in thousands) U.S. Retail U.S. Wholesale International Total Wholesale channel $ — $ 217,710 $ 27,622 $ 245,332 Direct-to-consumer 391,457 — 54,962 446,419 $ 391,457 $ 217,710 $ 82,584 $ 691,751 Royalty income $ 4,896 $ 5,140 $ 1,174 $ 11,210 Two fiscal quarters ended July 1, 2017 (dollars in thousands) U.S. Retail U.S. Wholesale International Total Wholesale channel $ — $ 510,265 $ 57,304 $ 567,569 Direct-to-consumer 755,299 — 101,710 857,009 $ 755,299 $ 510,265 $ 159,014 $ 1,424,578 Royalty income $ 8,164 $ 11,505 $ 2,099 $ 21,768 Accounts Receivable from Customers and Licensees The components of accounts receivable, net, as of June 30, 2018, December 30, 2017, and July 1, 2017 were as follows: (dollars in thousands) June 30, 2018 December 30, 2017 July 1, 2017 Trade receivables from wholesale customers, net $ 138,952 $ 229,968 $ 153,581 Royalties receivable 8,824 9,818 10,107 Tenant allowances and other receivables 12,168 14,511 11,265 Total gross receivables $ 159,944 $ 254,297 $ 174,953 Less: Wholesale accounts receivable reserves (7,427 ) (13,736 ) (9,770 ) Accounts receivable, net $ 152,517 $ 240,561 $ 165,183
Contract Liabilities	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) June 30, 2018 December 30, 2017 July 1, 2017 Contract liabilities-current: Unredeemed gift cards $ 11,072 $ 11,945 $ 9,991 Unredeemed customer loyalty rewards 6,164 7,355 9,835 Total contract liabilities-current * $ 17,236 $ 19,300 $ 19,826 * Included with Other current liabilities on the Company's consolidated balance sheet.

ACCUMULATED OTHER COMPREHENSI27

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss consisted of the following: (dollars in thousands) June 30, 2018 December 30, 2017 July 1, 2017 Cumulative foreign currency translation adjustments $ (27,724 ) $ (21,285 ) $ (23,537 ) Pension and post-retirement obligations (1) (7,808 ) (7,808 ) (7,116 ) Total accumulated other comprehensive loss $ (35,532 ) $ (29,093 ) $ (30,653 ) (1) Net of income taxes of $4.4 million , $4.4 million , and $4.2 million , respectively. The deferred income taxes associated with these obligations are subject to adjustments upon the Company's adoption of ASC 2018-02. See Note 16, Pending Adoption of Recent Accounting Pronouncements .

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets table	The Company's goodwill and intangible assets were as follows: June 30, 2018 December 30, 2017 (dollars in thousands) Weighted-average useful life Gross amount Accumulated amortization Net amount Gross amount Accumulated amortization Net amount Carter's goodwill Indefinite $ 136,570 $ 136,570 $ 136,570 $ 136,570 Canada goodwill Indefinite 40,367 40,367 42,223 42,223 Skip Hop goodwill Indefinite 45,984 45,984 45,997 45,997 Carter's Mexico goodwill Indefinite 5,634 5,634 5,634 5,634 Total goodwill $ 228,555 $ 228,555 $ 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 $ 627 3,284 3,550 $ 532 3,018 Total tradenames, net $ 366,444 $ 627 $ 365,817 $ 366,083 $ 532 $ 365,551 Skip Hop customer relationships 15 years $ 47,300 $ 3,892 $ 43,408 $ 47,300 $ 2,304 $ 44,996 Carter's Mexico customer relationships 10 years 3,031 217 2,814 3,135 135 3,000 Total customer relationships, net $ 50,331 $ 4,109 $ 46,222 $ 50,435 $ 2,439 $ 47,996 July 1, 2017 (dollars in thousands) Weighted-average useful life Gross amount Accumulated amortization Net amount Carter's goodwill Indefinite $ 136,570 $ 136,570 Canada goodwill Indefinite 40,897 40,897 Skip Hop goodwill Indefinite 54,242 54,242 Total goodwill $ 231,709 $ 231,709 Carter's tradename Indefinite $ 220,233 $ 220,233 OshKosh tradename Indefinite 85,500 85,500 Skip Hop tradename indefinite 56,800 56,800 Finite-life tradenames 5-20 years 42,021 $ 38,915 3,106 Total tradenames, net $ 404,554 $ 38,915 $ 365,639 Skip Hop customer relationships, net 15 years $ 35,900 $ 804 $ 35,096

COMMON STOCK (Tables)

COMMON STOCK (Tables)	6 Months Ended
	Jun. 30, 2018
Stockholders' Equity Note [Abstract]
Schedule of Shares Repurchased and Retired	The Company repurchased and retired shares in open market transactions in the following amounts for the fiscal periods indicated: Fiscal quarter ended Two fiscal quarters ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Number of shares repurchased 599,314 587,465 820,627 1,131,409 Aggregate cost of shares repurchased (dollars in thousands) $ 63,899 $ 51,605 $ 89,093 $ 98,236 Average price per share $ 106.62 $ 87.84 $ 108.57 $ 86.82

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt consisted of the following: (dollars in thousands) June 30, 2018 December 30, 2017 July 1, 2017 Senior notes at amounts repayable $ 400,000 $ 400,000 $ 400,000 Less unamortized issuance-related costs for senior notes (3,222 ) (3,694 ) (4,154 ) Senior notes, net 396,778 396,306 395,846 Secured revolving credit facility 286,000 221,000 266,000 Total long-term debt, net $ 682,778 $ 617,306 $ 661,846

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of recorded stock-based compensation cost	The Company recorded stock-based compensation expense as follows: Fiscal quarter ended Two fiscal quarters ended (dollars in thousands) June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Stock options $ 1,112 $ 955 $ 2,456 $ 2,199 Restricted stock: Time-based awards 3,027 2,832 5,311 5,144 Performance-based awards 1,183 1,080 2,499 2,303 Total $ 5,322 $ 4,867 $ 10,266 $ 9,646

FAIR VALUE MEASUREMENTS FAIR VA

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Assets and liabilities that are remeasured at fair value	The following table summarizes assets and liabilities that are remeasured at fair value each reporting period: June 30, 2018 December 30, 2017 July 1, 2017 (dollars in millions) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Assets Investments (1) $ 16.9 — — $ 16.7 — — $ 15.3 — — Liabilities Contingent consideration (2) — — — — — — — — $ 3.6 (1) Included in Other assets on the Company's consolidated balance sheet. (2) Included in Other current liabilities on the Company's consolidated balance sheet.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding	The following is a reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding: Fiscal quarter ended Two fiscal quarters ended June 30, 2018 July 1, 2017 June 30, 2018 July 1, 2017 Weighted-average number of common and common equivalent shares outstanding: Basic number of common shares outstanding 46,437,093 47,863,618 46,604,599 48,093,155 Dilutive effect of equity awards 509,545 550,726 563,137 552,866 Diluted number of common and common equivalent shares outstanding 46,946,638 48,414,344 47,167,736 48,646,021 Basic net income per common share (in thousands, except per share data): Net income $ 37,268 $ 37,793 $ 79,737 $ 84,388 Income allocated to participating securities (276 ) (290 ) (600 ) (659 ) Net income available to common shareholders $ 36,992 $ 37,503 $ 79,137 $ 83,729 Basic net income per common share $ 0.80 $ 0.78 $ 1.70 $ 1.74 Diluted net income per common share (in thousands, except per share data): Net income $ 37,268 $ 37,793 $ 79,737 $ 84,388 Income allocated to participating securities (274 ) (288 ) (596 ) (654 ) Net income available to common shareholders $ 36,994 $ 37,505 $ 79,141 $ 83,734 Diluted net income per common share $ 0.79 $ 0.77 $ 1.68 $ 1.72 Anti-dilutive awards excluded from diluted earnings per share computation 332,448 663,531 254,417 596,297

OTHER CURRENT AND LONG-TERM L34

OTHER CURRENT AND LONG-TERM LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2018
Other Liabilities Disclosure [Abstract]
Schedule of other current liabilities	Other current liabilities that exceeded five percent of total current liabilities, at the end of any comparable period, were as follows: (dollars in thousands) June 30, 2018 December 30, 2017 July 1, 2017 Accrued bonuses and incentive compensation $ 5,231 $ 27,566 $ 5,959 Accrued employee benefits 10,663 21,735 10,227 Accrued and deferred rent 18,702 18,213 17,767
Schedule of other long-term liabilities	Other long-term liabilities that exceeded five percent of total liabilities, at the end of any comparable period, were as follows: (dollars in thousands) June 30, 2018 December 30, 2017 July 1, 2017 Deferred lease incentives $ 75,431 $ 75,104 $ 74,344

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of segment information	The table below presents certain information for our reportable segments and unallocated corporate expenses for the periods indicated. Fiscal quarter ended Two fiscal quarters ended (dollars in thousands) June 30, % of July 1, % of June 30, % of July 1, % of Net sales : U.S. Retail $ 402,021 57.7 % $ 391,457 56.6 % $ 785,762 54.1 % $ 755,299 53.0 % U.S. Wholesale 209,476 30.1 % 217,710 31.5 % 490,309 33.8 % 510,265 35.8 % International 84,700 12.2 % 82,584 11.9 % 175,912 12.1 % 159,014 11.2 % Total net sales $ 696,197 100.0 % $ 691,751 100.0 % $ 1,451,983 100.0 % $ 1,424,578 100.0 % Operating income (loss) : % of Segment Net Sales % of Segment Net Sales % of % of U.S. Retail (a) (e) $ 45,428 11.3 % $ 42,133 10.8 % $ 74,947 9.5 % $ 71,922 9.5 % U.S. Wholesale (b) (e) 30,338 14.5 % 35,805 16.4 % 80,610 16.4 % 105,501 20.7 % International (e) 4,312 5.1 % 7,597 9.2 % 8,073 4.6 % 11,282 7.1 % Corporate expenses (c) (d) (23,108 ) (21,224 ) (46,351 ) (45,938 ) Total operating income $ 56,970 8.2 % $ 64,311 9.3 % $ 117,279 8.1 % $ 142,767 10.0 % (a) Two fiscal quarters ended June 30, 2018 includes insurance recoveries of approximately $0.4 million associated with storm-related store closures in 2017. (b) Includes approximately $12.8 million of charges related to a customer bankruptcy for the two fiscal quarters ended June 30, 2018 . (c) Corporate expenses include expenses related to incentive compensation, stock-based compensation, executive management, severance and relocation, finance, office occupancy, information technology, certain legal fees, consulting, and audit fees. (d) Includes the following charges: Fiscal quarter ended Two fiscal quarters ended (dollars in millions) June 30, July 1, June 30, July 1, Direct sourcing initiative $ — $ 0.1 $ — $ 0.3 Acquisition-related costs $ — $ 0.8 $ — $ 2.5 (e) A total of $0.4 million of certain costs related to inventory acquired from Skip Hop is included in operating income between U.S. Wholesale, U.S. Retail, and International for the fiscal quarter and two fiscal quarters ended July 1, 2017.

GUARANTOR UNAUDITED CONDENSED36

GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheets (unaudited) As of June 30, 2018 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 99,928 $ 13,529 $ 69,745 $ — $ 183,202 Accounts receivable, net — 114,728 31,779 6,010 — 152,517 Intercompany receivable — 70,001 105,309 60,536 (235,846 ) — Finished goods inventories — 385,000 224,323 76,949 (23,009 ) 663,263 Prepaid expenses and other current assets — 19,393 20,202 12,360 — 51,955 Total current assets — 689,050 395,142 225,600 (258,855 ) 1,050,937 Property, plant, and equipment, net — 141,465 185,123 37,635 — 364,223 Goodwill — 136,570 45,369 46,616 — 228,555 Tradenames, net — 223,162 142,655 — — 365,817 Customer relationships, net — — 43,408 2,814 — 46,222 Other assets — 23,802 2,171 1,802 — 27,775 Intercompany long-term receivable — — 438,167 — (438,167 ) — Intercompany long-term note receivable — 100,000 — — (100,000 ) — Investment in subsidiaries 810,329 1,086,715 254,289 — (2,151,333 ) — Total assets $ 810,329 $ 2,400,764 $ 1,506,324 $ 314,467 $ (2,948,355 ) $ 2,083,529 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ — $ 147,179 $ 50,786 $ 18,966 $ — $ 216,931 Intercompany payables — 158,421 72,412 5,013 (235,846 ) — Other current liabilities — 13,459 71,482 10,744 — 95,685 Total current liabilities — 319,059 194,680 34,723 (235,846 ) 312,616 Long-term debt — 682,778 — — — 682,778 Deferred income taxes — 45,690 39,560 505 — 85,755 Intercompany long-term liability — 438,167 — — (438,167 ) — Intercompany long-term note payable — — 100,000 — (100,000 ) — Other long-term liabilities — 81,732 94,721 15,598 — 192,051 Stockholders' equity 810,329 833,338 1,077,363 263,641 (2,174,342 ) 810,329 Total liabilities and stockholders' equity $ 810,329 $ 2,400,764 $ 1,506,324 $ 314,467 $ (2,948,355 ) $ 2,083,529 As of December 30, 2017 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 129,463 $ 10,030 $ 39,001 $ — $ 178,494 Accounts receivable, net — 182,944 40,286 17,331 — 240,561 Intercompany receivable — 87,702 162,007 58,980 (308,689 ) — Finished goods inventories — 296,065 206,556 66,569 (20,468 ) 548,722 Prepaid expenses and other current assets — 17,012 21,354 14,569 — 52,935 Total current assets — 713,186 440,233 196,450 (329,157 ) 1,020,712 Property, plant, and equipment, net — 147,858 189,511 40,555 — 377,924 Goodwill — 136,570 45,368 48,486 — 230,424 Tradenames, net — 223,251 142,300 — — 365,551 Customer relationships, net — — 44,996 3,000 — 47,996 Other assets — 23,884 2,392 2,159 — 28,435 Intercompany long-term receivable — — 441,294 — (441,294 ) — Intercompany long-term note receivable — 100,000 — — (100,000 ) — Investment in subsidiaries 857,416 1,053,224 231,994 — (2,142,634 ) — Total assets $ 857,416 $ 2,397,973 $ 1,538,088 $ 290,650 $ (3,013,085 ) $ 2,071,042 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ — $ 115,658 $ 49,313 $ 17,143 $ — $ 182,114 Intercompany payables — 215,573 91,697 1,419 (308,689 ) — Other current liabilities — 11,805 122,989 14,340 — 149,134 Total current liabilities — 343,036 263,999 32,902 (308,689 ) 331,248 Long-term debt — 617,306 — — — 617,306 Deferred income taxes — 46,619 37,647 678 — 84,944 Intercompany long-term liability — 441,294 — — (441,294 ) — Intercompany long-term note payable — — 100,000 — (100,000 ) — Other long-term liabilities — 71,834 92,570 15,724 — 180,128 Stockholders' equity 857,416 877,884 1,043,872 241,346 (2,163,102 ) 857,416 Total liabilities and stockholders' equity $ 857,416 $ 2,397,973 $ 1,538,088 $ 290,650 $ (3,013,085 ) $ 2,071,042 As of July 1, 2017 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated ASSETS Current assets: Cash and cash equivalents $ — $ 127,907 $ 11,435 $ 34,222 $ — $ 173,564 Accounts receivable, net — 124,885 35,765 4,533 — 165,183 Intercompany receivable — 56,526 61,911 25,588 (144,025 ) — Finished goods inventories — 346,963 207,368 68,262 (12,170 ) 610,423 Prepaid expenses and other current assets — 16,683 19,483 10,236 — 46,402 Total current assets — 672,964 335,962 142,841 (156,195 ) 995,572 Property, plant, and equipment, net — 150,796 195,209 36,467 — 382,472 Goodwill — 136,570 53,635 41,504 — 231,709 Tradenames, net — 223,339 142,300 — — 365,639 Customer relationships, net — — 35,096 — — 35,096 Other assets — 20,901 447 1,898 — 23,246 Intercompany long-term receivable — — 411,475 — (411,475 ) — Intercompany long-term note receivable — 100,000 — — (100,000 ) — Investment in subsidiaries 749,948 936,348 167,809 — (1,854,105 ) — Total assets $ 749,948 $ 2,240,918 $ 1,341,933 $ 222,710 $ (2,521,775 ) $ 2,033,734 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ — $ 151,770 $ 47,695 $ 17,875 $ — $ 217,340 Intercompany payables — 82,539 57,034 4,452 (144,025 ) — Other current liabilities — 32,973 54,535 8,952 — 96,460 Total current liabilities — 267,282 159,264 31,279 (144,025 ) 313,800 Long-term debt — 661,846 — — — 661,846 Deferred income taxes — 69,750 63,422 101 — 133,273 Intercompany long-term liability — 411,475 — — (411,475 ) — Intercompany long-term note payable — — 100,000 — (100,000 ) — Other long-term liabilities — 68,447 92,236 14,184 — 174,867 Stockholders' equity 749,948 762,118 927,011 177,146 (1,866,275 ) 749,948 Total liabilities and stockholders' equity $ 749,948 $ 2,240,918 $ 1,341,933 $ 222,710 $ (2,521,775 ) $ 2,033,734
Condensed Consolidating Statements of Operations	Condensed Consolidating Statements of Operations (unaudited) For the fiscal quarter ended June 30, 2018 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 345,813 $ 445,836 $ 94,369 $ (189,821 ) $ 696,197 Cost of goods sold — 273,857 260,516 41,196 (189,330 ) 386,239 Gross profit — 71,956 185,320 53,173 (491 ) 309,958 Royalty income, net — 8,601 4,599 — (2,845 ) 10,355 Selling, general, and administrative expenses — 42,423 196,923 32,110 (8,113 ) 263,343 Operating income — 38,134 (7,004 ) 21,063 4,777 56,970 Interest expense — 7,937 1,327 — (1,327 ) 7,937 Interest income — (1,329 ) — (223 ) 1,327 (225 ) (Income) loss in subsidiaries (37,268 ) (4,973 ) (16,836 ) — 59,077 — Other (income) expense, net — (3 ) 114 864 — 975 Income (loss) before income taxes 37,268 36,502 8,391 20,422 (54,300 ) 48,283 Provision for income taxes — 4,011 3,418 3,586 — 11,015 Net income (loss) $ 37,268 $ 32,491 $ 4,973 $ 16,836 $ (54,300 ) $ 37,268 For the fiscal quarter ended July 1, 2017 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 352,814 $ 434,956 $ 71,885 $ (167,904 ) $ 691,751 Cost of goods sold — 260,901 257,168 37,019 (166,584 ) 388,504 Gross profit — 91,913 177,788 34,866 (1,320 ) 303,247 Royalty income, net — 8,905 4,882 — (2,577 ) 11,210 Selling, general, and administrative expenses — 38,295 193,865 26,292 (8,306 ) 250,146 Operating income — 62,523 (11,195 ) 8,574 4,409 64,311 Interest expense — 7,138 1,377 6 (1,327 ) 7,194 Interest income — (1,401 ) — (5 ) 1,327 (79 ) (Income) loss in subsidiaries (37,793 ) 7,153 (6,805 ) — 37,445 — Other (income) expense, net — (257 ) 280 (567 ) — (544 ) Income (loss) before income taxes 37,793 49,890 (6,047 ) 9,140 (33,036 ) 57,740 Provision for income taxes — 16,506 1,106 2,335 — 19,947 Net income (loss) $ 37,793 $ 33,384 $ (7,153 ) $ 6,805 $ (33,036 ) $ 37,793 For the two fiscal quarters ended June 30, 2018 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 806,799 $ 872,299 $ 178,966 $ (406,081 ) $ 1,451,983 Cost of goods sold — 603,856 511,598 86,797 (392,703 ) 809,548 Gross profit — 202,943 360,701 92,169 (13,378 ) 642,435 Royalty income, net — 15,528 8,419 — (5,598 ) 18,349 Selling, general, and administrative expenses — 84,239 412,089 63,612 (16,435 ) 543,505 Operating income — 134,232 (42,969 ) 28,557 (2,541 ) 117,279 Interest expense — 15,912 2,654 10 (2,654 ) 15,922 Interest income — (2,671 ) — (374 ) 2,654 (391 ) (Income) loss in subsidiaries (79,737 ) 21,039 (23,424 ) — 82,122 — Other expense, net — 18 125 450 — 593 Income (loss) before income taxes 79,737 99,934 (22,324 ) 28,471 (84,663 ) 101,155 Provision for (benefit from) income taxes — 17,656 (1,285 ) 5,047 — 21,418 Net income (loss) $ 79,737 $ 82,278 $ (21,039 ) $ 23,424 $ (84,663 ) $ 79,737 For the two fiscal quarters ended July 1, 2017 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net sales $ — $ 806,329 $ 830,806 $ 132,917 $ (345,474 ) $ 1,424,578 Cost of goods sold — 591,535 486,115 74,448 (346,459 ) 805,639 Gross profit — 214,794 344,691 58,469 985 618,939 Royalty income, net — 17,335 9,007 — (4,574 ) 21,768 Selling, general, and administrative expenses — 79,227 383,369 52,563 (17,219 ) 497,940 Operating income — 152,902 (29,671 ) 5,906 13,630 142,767 Interest expense — 14,111 2,746 95 (2,654 ) 14,298 Interest income — (2,840 ) — (33 ) 2,654 (219 ) (Income) loss in subsidiaries (84,388 ) 28,254 (4,358 ) — 60,492 — Other (income) expense, net — (625 ) 648 (788 ) — (765 ) Income (loss) before income taxes 84,388 114,002 (28,707 ) 6,632 (46,862 ) 129,453 Provision for (benefit from) income taxes — 43,244 (453 ) 2,274 — 45,065 Net income (loss) $ 84,388 $ 70,758 $ (28,254 ) $ 4,358 $ (46,862 ) $ 84,388
Condensed Consolidating Statements of Comprehensive Income	Condensed Consolidating Statements of Comprehensive Income (unaudited) For the fiscal quarter ended June 30, 2018 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net income (loss) $ 37,268 $ 32,491 $ 4,973 $ 16,836 $ (54,300 ) $ 37,268 Foreign currency translation adjustments (4,677 ) (4,677 ) (4,677 ) (4,677 ) 14,031 (4,677 ) Comprehensive income (loss) $ 32,591 $ 27,814 $ 296 $ 12,159 $ (40,269 ) $ 32,591 For the fiscal quarter ended July 1, 2017 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net income (loss) $ 37,793 $ 33,384 $ (7,153 ) $ 6,805 $ (33,036 ) $ 37,793 Foreign currency translation adjustments 3,140 3,140 3,140 3,140 (9,420 ) 3,140 Comprehensive income (loss) $ 40,933 $ 36,524 $ (4,013 ) $ 9,945 $ (42,456 ) $ 40,933 For the two fiscal quarters ended June 30, 2018 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net income (loss) $ 79,737 $ 82,278 $ (21,039 ) $ 23,424 $ (84,663 ) $ 79,737 Foreign currency translation adjustments (6,439 ) (6,439 ) (6,439 ) (6,439 ) 19,317 (6,439 ) Comprehensive income (loss) $ 73,298 $ 75,839 $ (27,478 ) $ 16,985 $ (65,346 ) $ 73,298 For the two fiscal quarters ended July 1, 2017 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net income (loss) $ 84,388 $ 70,758 $ (28,254 ) $ 4,358 $ (46,862 ) $ 84,388 Foreign currency translation adjustments 4,087 4,087 4,087 4,087 (12,261 ) 4,087 Comprehensive income (loss) $ 88,475 $ 74,845 $ (24,167 ) $ 8,445 $ (59,123 ) $ 88,475
Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statements of Cash Flows (unaudited) For the two fiscal quarters ended June 30, 2018 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Cash flows provided by (used in) operating activities: $ — $ 109,382 $ (38,837 ) $ 32,518 $ — $ 103,063 Cash flows from investing activities: Capital expenditures — (9,291 ) (19,042 ) (3,417 ) — (31,750 ) Intercompany investing activity 130,651 (3,243 ) 3,024 927 (131,359 ) — Acquisitions of businesses, net of cash acquired — — — 96 — 96 Disposals and recoveries from property, plant, and equipment — — 369 4 — 373 Net cash provided by (used in) investing activities 130,651 (12,534 ) (15,649 ) (2,390 ) (131,359 ) (31,281 ) Cash flows from financing activities: Intercompany financing activity — (191,383 ) 57,985 2,039 131,359 — Borrowings under secured revolving credit facility — 150,000 — — — 150,000 Payments on secured revolving credit facility — (85,000 ) — — — (85,000 ) Dividends paid (42,267 ) — — — — (42,267 ) Repurchases of common stock (89,093 ) — — — — (89,093 ) Withholdings from vestings of restricted stock (6,667 ) — — — — (6,667 ) Proceeds from exercises of stock options 7,376 — — — — 7,376 Net cash (used in) provided by financing activities (130,651 ) (126,383 ) 57,985 2,039 131,359 (65,651 ) Effect of exchange rate changes on cash — — — (1,423 ) — (1,423 ) Net (decrease) increase in cash and cash equivalents — (29,535 ) 3,499 30,744 — 4,708 Cash and cash equivalents, beginning of period — 129,463 10,030 39,001 — 178,494 Cash and cash equivalents, end of period $ — $ 99,928 $ 13,529 $ 69,745 $ — $ 183,202 For the two fiscal quarters ended July 1, 2017 (dollars in thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Cash flows provided by (used in) operating activities: $ — $ 120,884 $ (13,661 ) $ 110 $ — $ 107,333 Cash flows from investing activities: Capital expenditures — (10,594 ) (19,719 ) (3,963 ) — (34,276 ) Intercompany investing activity 136,535 (2,468 ) — — (134,067 ) — Acquisition of business, net of cash acquired — (144,520 ) 746 70 — (143,704 ) Net cash provided by (used in) investing activities 136,535 (157,582 ) (18,973 ) (3,893 ) (134,067 ) (177,980 ) Cash flows from financing activities: Intercompany financing activity — (164,451 ) 32,252 (1,868 ) 134,067 — Borrowings under secured revolving credit facility — 100,000 — — — 100,000 Payments on secured revolving credit facility — — — (18,965 ) — (18,965 ) Dividends paid (35,831 ) — — — — (35,831 ) Repurchases of common stock (98,236 ) — — — — (98,236 ) Withholdings from vestings of restricted stock (5,590 ) — — — — (5,590 ) Proceeds from exercises of stock options 3,122 — — — — 3,122 Net cash (used in) provided by financing activities (136,535 ) (64,451 ) 32,252 (20,833 ) 134,067 (55,500 ) Effect of exchange rate changes on cash — — — 353 — 353 Net decrease in cash and cash equivalents — (101,149 ) (382 ) (24,263 ) — (125,794 ) Cash and cash equivalents, beginning of period — 229,056 11,817 58,485 — 299,358 Cash and cash equivalents, end of period $ — $ 127,907 $ 11,435 $ 34,222 $ — $ 173,564

THE COMPANY (Details)

THE COMPANY (Details)	Jun. 30, 2018store
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of stores	1,049

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	$ 696,197	$ 691,751	$ 1,451,983	$ 1,424,578
Cost of goods sold	386,239	388,504	809,548	805,639
Income before income taxes	48,283	57,740	101,155	129,453
Net income	$ 37,268	$ 37,793	$ 79,737	$ 84,388
Basic net income per common share (USD per share)	$ 0.80	$ 0.78	$ 1.70	$ 1.74
Diluted net income per common share (USD per share)	$ 0.79	$ 0.77	$ 1.68	$ 1.72
Total current assets	$ 1,050,937	$ 995,572	$ 1,050,937	$ 995,572	$ 1,020,712
Total assets	2,083,529	2,033,734	2,083,529	2,033,734	2,071,042
Other current liabilities	95,685	96,460	95,685	96,460	149,134
Total current liabilities	312,616	313,800	312,616	313,800	331,248
Total liabilities	1,273,200	1,283,786	1,273,200	1,283,786	1,213,626
Retained earnings	845,395	780,121	845,395	780,121	886,037
Total retained earnings	845,395	780,121	845,395	780,121	886,037
Total stockholders' equity	810,329	749,948	810,329	749,948	857,416
Total liabilities and stockholders' equity	2,083,529	2,033,734	2,083,529	2,033,734	2,071,042
Unredeemed customer loyalty program points reserve	6,164	9,835	6,164	9,835	7,355
Disaggregation of Revenue
Disaggregated revenue	696,197	1,451,983	691,751	1,424,578
Accounts receivable, gross	159,944	174,953	159,944	174,953	254,297
Accounts receivable, net	152,517	165,183	152,517	165,183	240,561
Contract Liabilities
Unredeemed gift cards	11,072	9,991	11,072	9,991	11,945
Unredeemed customer loyalty program points reserve	6,164	9,835	6,164	9,835	7,355
Total contract liabilities-current	17,236	19,826	17,236	19,826	19,300
Allowance for Doubtful Accounts
Disaggregation of Revenue
Less: reserve	(7,427)	(9,770)	(7,427)	(9,770)	(13,736)
Trade receivables from wholesale customers, net
Disaggregation of Revenue
Accounts receivable, gross	138,952	153,581	138,952	153,581	229,968
Royalties receivable
Disaggregation of Revenue
Accounts receivable, gross	8,824	10,107	8,824	10,107	9,818
Tenant allowances and other receivables
Disaggregation of Revenue
Accounts receivable, gross	12,168	11,265	12,168	11,265	14,511
Wholesale channel
Disaggregation of Revenue
Disaggregated revenue	234,645	553,191	245,332	567,569
Direct-to-consumer
Disaggregation of Revenue
Disaggregated revenue	461,552	898,792	446,419	857,009
Royalty income
Disaggregation of Revenue
Disaggregated revenue	10,355	18,349	11,210	21,768
Retail
Disaggregation of Revenue
Disaggregated revenue	402,021	785,762	391,457	755,299
Retail | Wholesale channel
Disaggregation of Revenue
Disaggregated revenue	0	0	0	0
Retail | Direct-to-consumer
Disaggregation of Revenue
Disaggregated revenue	402,021	785,762	391,457	755,299
Retail | Royalty income
Disaggregation of Revenue
Disaggregated revenue	4,426	6,011	4,896	8,164
Wholesale
Disaggregation of Revenue
Disaggregated revenue	209,476	490,309	217,710	510,265
Wholesale | Wholesale channel
Disaggregation of Revenue
Disaggregated revenue	209,476	490,309	217,710	510,265
Wholesale | Direct-to-consumer
Disaggregation of Revenue
Disaggregated revenue	0	0	0	0
Wholesale | Royalty income
Disaggregation of Revenue
Disaggregated revenue	4,957	10,802	5,140	11,505
International
Disaggregation of Revenue
Disaggregated revenue	84,700	175,912	82,584	159,014
International | Wholesale channel
Disaggregation of Revenue
Disaggregated revenue	25,169	62,882	27,622	57,304
International | Direct-to-consumer
Disaggregation of Revenue
Disaggregated revenue	59,531	113,030	54,962	101,710
International | Royalty income
Disaggregation of Revenue
Disaggregated revenue	$ 972	1,536	$ 1,174	2,099
ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Basic and diluted net income (USD per share)						$ 0.01
Net sales		(366)		(294)	92	$ (637)
Cost of goods sold		(156)		26	52	(7)
Income before income taxes		(210)		(319)	40	(630)
Net income		$ (132)		$ (201)	$ 84	$ (397)
Basic net income per common share (USD per share)		$ (0.01)		$ (0.01)	$ 0	$ (0.01)
Diluted net income per common share (USD per share)		$ (0.01)		$ (0.01)	$ 0	$ 0
Other current assets		$ 46,402		$ 46,402	$ 52,935
Total current assets		995,572		995,572	1,020,712
Total assets		2,033,734		2,033,734	2,071,042
Other current liabilities		96,460		96,460	149,134
Total current liabilities		313,800		313,800	331,248
Deferred income taxes		133,273		133,273	84,944
Total liabilities		1,283,786		1,283,786	1,213,626
Retained earnings		780,121		780,121	886,037
Total retained earnings		780,121		780,121	886,037
Total stockholders' equity		749,948		749,948	857,416
Total liabilities and stockholders' equity		2,033,734		2,033,734	2,071,042
Unredeemed customer loyalty program points reserve		1,900		1,900	3,000
Gift card liabilities		100		100	400
Cumulative Effect on Retained Earnings, Net of Tax						$ 600	$ 600
Contract Liabilities
Unredeemed customer loyalty program points reserve		1,900		1,900	3,000
ASC 606 | As Previously Reported
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Other current assets		44,527		44,527	49,892
Total current assets		993,697		993,697	1,017,669
Total assets		2,031,859		2,031,859	2,067,999
Other current liabilities		94,644		94,644	146,510
Total current liabilities		311,984		311,984	328,624
Deferred income taxes		133,251		133,251	84,848
Total liabilities		1,281,948		1,281,948	1,210,906
Retained earnings		780,084		780,084	885,714
Total retained earnings		780,084		780,084	885,714
Total stockholders' equity		749,911		749,911	857,093
Total liabilities and stockholders' equity		2,031,859		2,031,859	2,067,999
ASC 606 | ASC 606 Adoption Adjustments
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Other current assets		1,875		1,875	3,043
Total current assets		1,875		1,875	3,043
Total assets		1,875		1,875	3,043
Other current liabilities		1,816		1,816	2,624
Total current liabilities		1,816		1,816	2,624
Deferred income taxes		22		22	96
Total liabilities		1,838		1,838	2,720
Retained earnings		37		37	323
Total retained earnings		37		37	323
Total stockholders' equity		37		37	323
Total liabilities and stockholders' equity		$ 1,875		$ 1,875	$ 3,043

BUSINESS ACQUISITIONS IN FISC39

BUSINESS ACQUISITIONS IN FISCAL 2017 (Skip Hop Acquisition) (Details) - USD ($) $ in Thousands	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017	Dec. 30, 2017	Dec. 30, 2017	Feb. 23, 2017
Business Acquisition [Line Items]
Goodwill	$ 231,709	$ 228,555	$ 231,709	$ 228,555	$ 231,709	$ 230,424	$ 230,424
Acquisition-related costs		$ 0	800	$ 0	2,500
Skip Hop [Member]
Business Acquisition [Line Items]
Percentage of voting interests acquired								100.00%
Preliminary purchase price						142,500
Cash Acquired						800
Goodwill						46,000	46,000
Intangible Assets						104,100	104,100
Tangible Assets						53,900	53,900
Liabilities Assumed						20,800	20,800
Deferred income tax liabilities						$ 36,300	36,300
Contingent Consideration							$ 3,600
Acquisition-related costs					1,800
Provisional Amounts [Member] | Skip Hop [Member]
Business Acquisition [Line Items]
Preliminary purchase price	147,300
Cash Acquired	800
Goodwill	54,200		54,200		54,200
Intangible Assets	92,700		92,700		92,700
Tangible Assets	54,900		54,900		54,900
Liabilities Assumed	20,200		20,200		20,200
Deferred income tax liabilities	$ 35,900		$ 35,900		$ 35,900

BUSINESS ACQUISITIONS IN FISC40

BUSINESS ACQUISITIONS IN FISCAL 2017 (Acquisition of Mexican Licensee) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 30, 2017	Aug. 01, 2017	Jul. 01, 2017
Business Acquisition [Line Items]
Goodwill	$ 228,555	$ 230,424		$ 231,709
Mexican Licensee [Member]
Business Acquisition [Line Items]
Inventory	8,000		$ 8,300
Intangible Assets	3,500		3,500
Goodwill	$ 6,300		$ 6,200

ACCUMULATED OTHER COMPREHENSI41

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017	Dec. 30, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive loss	$ (35,532)	$ (30,653)	$ (35,532)	$ (30,653)	$ (29,093)
Foreign currency translation adjustments	(4,677)	3,140	(6,439)	4,087
Cumulative Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive loss	(27,724)	(23,537)	(27,724)	(23,537)	(21,285)
Pension and Post-retirement Liability Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive loss	$ (7,808)	$ (7,116)	(7,808)	(7,116)	(7,808)
Tax impact			$ 4,400	$ 4,200	$ 4,400

GOODWILL AND INTANGIBLE ASSET42

GOODWILL AND INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017	Dec. 30, 2017
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	$ 228,555	$ 231,709	$ 228,555	$ 231,709	$ 230,424
Goodwill, Net amount	228,555	231,709	228,555	231,709	230,424
Total, Net amount	365,817	365,639	365,817	365,639	365,551
Amortization costs	800	600	1,800	900
Future amortization expense, 2019	3,700		3,700
Carter's Goodwill [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	136,570	136,570	136,570	136,570	136,570
Goodwill, Net amount	136,570	136,570	136,570	136,570	136,570
Canada Acquisition Goodwill [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	40,367	40,897	40,367	40,897	42,223
Goodwill, Net amount	40,367	40,897	40,367	40,897	42,223
Skip Hop Goodwill [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	45,984	54,242	45,984	54,242	45,997
Goodwill, Net amount	45,984	54,242	45,984	54,242	45,997
Carters Mexico [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	5,634		5,634		5,634
Goodwill, Net amount	5,634		5,634		5,634
Carter's Tradename [Member]
Goodwill and Other Intangible Assets [Line Items]
Indefinite intangible assets	220,233	220,233	220,233	220,233	220,233
Oshkosh Trade Name [Member]
Goodwill and Other Intangible Assets [Line Items]
Indefinite intangible assets	85,500	85,500	85,500	85,500	85,500
Skip Hop Trade Name [Member]
Goodwill and Other Intangible Assets [Line Items]
Indefinite intangible assets	56,800	56,800	56,800	56,800	56,800
Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Finite intangible assets, Accumulated amortization	627	38,915	627	38,915	532
Intangible assets, Gross amount	366,444	404,554	366,444	404,554	366,083
Indefinite-lived trademarks	365,817	365,639	365,817	365,639	365,551
Other Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Finite intangible assets, Gross amount	3,911	42,021	3,911	42,021	3,550
Finite intangible assets, Accumulated amortization	627	38,915	627	38,915	532
Finite-Lived Intangible Assets, Net	3,284	3,106	3,284	3,106	3,018
Customer Relationships [Member]
Goodwill and Other Intangible Assets [Line Items]
Finite intangible assets, Gross amount	50,331		50,331		50,435
Finite intangible assets, Accumulated amortization	4,109		4,109		2,439
Finite-Lived Intangible Assets, Net	46,222		$ 46,222		47,996
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	35,900	$ 47,300	35,900	47,300
Finite intangible assets, Accumulated amortization	3,892	804	3,892	804	2,304
Finite-Lived Intangible Assets, Net	43,408	$ 35,096	$ 43,408	$ 35,096	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	3,031		$ 3,031		3,135
Finite intangible assets, Accumulated amortization	217		217		135
Finite-Lived Intangible Assets, Net	$ 2,814		$ 2,814		$ 3,000
Minimum | Other Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Weighted-average useful life			5 years
Maximum | Other Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Weighted-average useful life			20 years

COMMON STOCK (Share Repurchases

COMMON STOCK (Share Repurchases) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Stockholders' Equity Note [Abstract]
Remaining capacity under authorization	$ 496,500		$ 496,500
Number of shares repurchased (shares)	599,314	587,465	820,627	1,131,409
Aggregate cost of shares repurchased	$ 63,899	$ 51,605	$ 89,093	$ 98,236
Average price per share (USD per share)	$ 106.62	$ 87.84	$ 108.57	$ 86.82
Dividend declared per common share (USD per share)	$ 0.45	$ 0.37	$ 0.90	$ 0.74

LONG-TERM DEBT (Schedule of Lon

LONG-TERM DEBT (Schedule of Long Term Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 30, 2017	Jul. 01, 2017
Debt Instrument [Line Items]
Long-term debt	$ 682,778	$ 617,306	$ 661,846
Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	400,000	400,000	400,000
Less unamortized issuance-related costs for senior notes	(3,222)	(3,694)	(4,154)
Senior notes, net	396,778	396,306	395,846
Secured revolving credit facility [Member]
Debt Instrument [Line Items]
Long-term debt	$ 286,000	$ 221,000	$ 266,000

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details)	Aug. 25, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Dec. 30, 2017USD ($)	Aug. 22, 2017USD ($)	Jul. 01, 2017USD ($)
Debt Instrument [Line Items]
Long-term debt		$ 682,778,000	$ 682,778,000	$ 617,306,000		$ 661,846,000
Outstanding letters of credit		$ 4,500,000	$ 4,500,000
LIBOR [Member]
Debt Instrument [Line Items]
Interest rate (as a percentage)		1.375%	1.375%
LIBOR [Member] | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		1.125%
LIBOR [Member] | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		1.875%
Base Rate [Member] | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		0.125%
Base Rate [Member] | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		0.875%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term debt		$ 286,000,000	$ 286,000,000	221,000,000		266,000,000
Available for future borrowing		$ 459,500,000	$ 459,500,000
Revolving Credit Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Description of variable rate basis			LIBOR
Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Interest rate (as a percentage)		0.375%	0.375%
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, face amount		$ 400,000,000	$ 400,000,000
Debt issuance costs		3,222,000	3,222,000	3,694,000		4,154,000
Long-term debt		$ 400,000,000	$ 400,000,000	$ 400,000,000		$ 400,000,000
Interest rate (as a percentage)		5.25%	5.25%
United States of America, Dollars | Revolving Credit Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Effective interest rate (as a percentage)		3.38%	3.38%
Amended Credit Facility [Member]
Debt Instrument [Line Items]
Consolidated leverage ratio	2.25
Amended Credit Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, face amount					$ 750,000,000
Maximum borrowing capacity	$ 425,000,000
Amended Credit Facility [Member] | United States Dollar Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, face amount					650,000,000
Maximum borrowing capacity	350,000,000
Amended Credit Facility [Member] | United States Dollar Credit Facility [Member] | Letters of Credit [Member]
Debt Instrument [Line Items]
Short-term debt					100,000,000
Amended Credit Facility [Member] | United States Dollar Credit Facility [Member] | Swing Line [Member]
Debt Instrument [Line Items]
Short-term debt					70,000,000
Amended Credit Facility [Member] | Multicurrency Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, face amount					100,000,000
Maximum borrowing capacity	$ 75,000,000
Amended Credit Facility [Member] | Multicurrency Revolving Credit Facility [Member] | Letters of Credit [Member]
Debt Instrument [Line Items]
Short-term debt					40,000,000
Amended Credit Facility [Member] | Multicurrency Revolving Credit Facility [Member] | Swing Line [Member]
Debt Instrument [Line Items]
Short-term debt					$ 15,000,000

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 5,322	$ 4,867	$ 10,266	$ 9,646
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	1,112	955	2,456	2,199
Time-based restricted stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	3,027	2,832	5,311	5,144
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 1,183	$ 1,080	$ 2,499	$ 2,303

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 30, 2017	Jul. 01, 2017
Income Tax Disclosure [Abstract]
Gross unrecognized tax benefits	$ 14,900
Unrecognized tax benefits that if recognized would impact effective tax rate	12,600
Reserves for unrecognized tax benefits	1,800
Interest accrued on uncertain tax positions	$ 1,300	$ 1,000	$ 1,000
Effective income tax rate	22.00%
Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Transition Tax For Accumulated Foreign Earnings, Provisional Income Tax Expense		10,400
Business Acquisition [Line Items]
Deferred income taxes	$ 85,755	$ 84,944	$ 133,273

FAIR VALUE MEASUREMENTS Fair 48

FAIR VALUE MEASUREMENTS Fair Value measurements (Hierarchy) (Details) - USD ($)	Jun. 30, 2018	Dec. 30, 2017	Jul. 01, 2017
Fair Value, Inputs, Level 1 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Investments	$ 16,900	$ 16,700	$ 15,300
Contingent Consideration	0	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Investments	0	0	0
Contingent Consideration	0	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Investments	0	0	0
Contingent Consideration	$ 0	$ 0	$ 3,600

FAIR VALUE MEASUREMENTS FAIR 49

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Investments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Fair Value Disclosures [Abstract]
Gain (Loss) on Investments	$ 0.2	$ 0.5	$ 0.2	$ 1.2

FAIR VALUE MEASUREMENTS FAIR 50

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

FAIR VALUE MEASUREMENTS FAIR 51

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Borrowings) (Details) - USD ($)	Jun. 30, 2018	Dec. 30, 2017	Jul. 01, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 682,778,000	$ 617,306,000	$ 661,846,000
Secured revolving credit facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	286,000,000	221,000,000	266,000,000
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	400,000,000	$ 400,000,000	$ 400,000,000
Debt Instrument, face amount	400,000,000
Fair Value [Member] | Fair Value, Inputs, Level 2 [Member] | Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 406,000,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding	46,437,093	47,863,618	46,604,599	48,093,155
Dilutive effect of equity awards	509,545	550,726	563,137	552,866
Diluted number of common and common equivalent shares outstanding	46,946,638	48,414,344	47,167,736	48,646,021
Basic net income per common share (in thousands, except per share data):
Net income	$ 37,268	$ 37,793	$ 79,737	$ 84,388
Income allocated to participating securities	(276)	(290)	(600)	(659)
Net income available to common shareholders	$ 36,992	$ 37,503	$ 79,137	$ 83,729
Basic net income per common share (USD per share)	$ 0.80	$ 0.78	$ 1.70	$ 1.74
Diluted net income per common share (in thousands, except per share data):
Net income	$ 37,268	$ 37,793	$ 79,737	$ 84,388
Income allocated to participating securities	(274)	(288)	(596)	(654)
Net income available to common shareholders	$ 36,994	$ 37,505	$ 79,141	$ 83,734
Diluted net income per common share (USD per share)	$ 0.79	$ 0.77	$ 1.68	$ 1.72
Anti-dilutive shares (in shares)	332,448	663,531	254,417	596,297

OTHER CURRENT AND LONG-TERM L53

OTHER CURRENT AND LONG-TERM LIABILITIES (Other Current Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 30, 2017	Jul. 01, 2017
Other Liabilities Disclosure [Abstract]
Accrued bonuses and incentive compensation	$ 5,231	$ 27,566	$ 5,959
Accrued employee benefits	10,663	21,735	10,227
Accrued and deferred rent	$ 18,702	$ 18,213	$ 17,767

OTHER CURRENT AND LONG-TERM L54

OTHER CURRENT AND LONG-TERM LIABILITIES (Other Long-Term Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 30, 2017	Jul. 01, 2017
Other Liabilities Disclosure [Abstract]
Deferred lease incentives	$ 75,431	$ 75,104	$ 74,344

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Segment Reporting Information [Line Items]
Net sales	$ 696,197	$ 691,751	$ 1,451,983	$ 1,424,578
Operating Income (Loss)	$ 56,970	$ 64,311	$ 117,279	$ 142,767
Operating income (loss) as percentage of segment net sales	8.20%	9.30%	8.10%	10.00%
Provisions for doubtful accounts receivable from customers			$ 11,511	$ 605
Direct sourcing initiative	$ 0	$ 100	0	300
Wholesale
Segment Reporting Information [Line Items]
Provisions for doubtful accounts receivable from customers			12,800
Retail
Segment Reporting Information [Line Items]
Insurance Recoveries			400
Wholesale, Retail and International Segment [Member] | Skip Hop [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)		400		400
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales	$ 696,197	$ 691,751	$ 1,451,983	$ 1,424,578
Percentage of total net sales	100.00%	100.00%	100.00%	100.00%
Operating Segments [Member] | Wholesale
Segment Reporting Information [Line Items]
Net sales	$ 209,476	$ 217,710	$ 785,762	$ 755,299
Percentage of total net sales	30.10%	31.50%	54.10%	53.00%
Operating Income (Loss)	$ 45,428	$ 42,133	$ 74,947	$ 71,922
Operating income (loss) as percentage of segment net sales	11.30%	10.80%	9.50%	9.50%
Operating Segments [Member] | Retail
Segment Reporting Information [Line Items]
Net sales	$ 402,021	$ 391,457	$ 490,309	$ 510,265
Percentage of total net sales	57.70%	56.60%	33.80%	35.80%
Operating Income (Loss)	$ 30,338	$ 35,805	$ 80,610	$ 105,501
Operating income (loss) as percentage of segment net sales	14.50%	16.40%	16.40%	20.70%
Operating Segments [Member] | International
Segment Reporting Information [Line Items]
Net sales	$ 84,700	$ 82,584	$ 175,912	$ 159,014
Percentage of total net sales	12.20%	11.90%	12.10%	11.20%
Operating Income (Loss)	$ 4,312	$ 7,597	$ 8,073	$ 11,282
Operating income (loss) as percentage of segment net sales	5.10%	9.20%	4.60%	7.10%
Corporate [Member]
Segment Reporting Information [Line Items]
Corporate expenses	$ (23,108)	$ (21,224)	$ (46,351)	$ (45,938)

GUARANTOR UNAUDITED CONDENSED56

GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Balance Sheets) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 30, 2017	Jul. 01, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 183,202	$ 178,494	$ 173,564	$ 299,358
Accounts receivable, net	152,517	240,561	165,183
Intercompany receivable	0	0	0
Finished goods inventories	663,263	548,722	610,423
Prepaid expenses and other current assets	51,955	52,935	46,402
Total current assets	1,050,937	1,020,712	995,572
Property, plant, and equipment, net of accumulated depreciation of $430,834, $404,173, and $384,881, respectively	364,223	377,924	382,472
Goodwill	228,555	230,424	231,709
Tradenames, net	365,817	365,551	365,639
Customer relationships, net	46,222	47,996	35,096
Other assets	27,775	28,435	23,246
Intercompany long-term receivable	0	0	0
Intercompany long-term note receivable	0	0	0
Investment in subsidiaries	0	0	0
Total assets	2,083,529	2,071,042	2,033,734
Current liabilities:
Accounts payable	216,931	182,114	217,340
Intercompany payables	0	0	0
Other current liabilities	95,685	149,134	96,460
Total current liabilities	312,616	331,248	313,800
Long-term debt, net	682,778	617,306	661,846
Deferred income taxes	85,755	84,944	133,273
Intercompany long-term liability	0	0	0
Intercompany long-term note payable	0	0	0
Other long-term liabilities	192,051	180,128	174,867
Total stockholders' equity	810,329	857,416	749,948
Total liabilities and stockholders' equity	2,083,529	2,071,042	2,033,734
Consolidation, Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	0	0	0
Intercompany receivable	(235,846)	(308,689)	(144,025)
Finished goods inventories	(23,009)	(20,468)	(12,170)
Prepaid expenses and other current assets	0	0	0
Total current assets	(258,855)	(329,157)	(156,195)
Property, plant, and equipment, net of accumulated depreciation of $430,834, $404,173, and $384,881, respectively	0	0	0
Goodwill	0	0	0
Tradenames, net	0	0	0
Customer relationships, net	0	0	0
Other assets	0	0	0
Intercompany long-term receivable	(438,167)	(441,294)	(411,475)
Intercompany long-term note receivable	(100,000)	(100,000)	(100,000)
Investment in subsidiaries	(2,151,333)	(2,142,634)	(1,854,105)
Total assets	(2,948,355)	(3,013,085)	(2,521,775)
Current liabilities:
Accounts payable	0	0	0
Intercompany payables	(235,846)	(308,689)	(144,025)
Other current liabilities	0	0	0
Total current liabilities	(235,846)	(308,689)	(144,025)
Long-term debt, net	0	0	0
Deferred income taxes	0	0	0
Intercompany long-term liability	(438,167)	(441,294)	(411,475)
Intercompany long-term note payable	(100,000)	(100,000)	(100,000)
Other long-term liabilities	0	0	0
Total stockholders' equity	(2,174,342)	(2,163,102)	(1,866,275)
Total liabilities and stockholders' equity	(2,948,355)	(3,013,085)	(2,521,775)
Parent [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	0	0	0
Intercompany receivable	0	0	0
Finished goods inventories	0	0	0
Prepaid expenses and other current assets	0	0	0
Total current assets	0	0	0
Property, plant, and equipment, net of accumulated depreciation of $430,834, $404,173, and $384,881, respectively	0	0	0
Goodwill	0	0	0
Tradenames, net	0	0	0
Customer relationships, net	0	0	0
Other assets	0	0	0
Intercompany long-term receivable	0	0	0
Intercompany long-term note receivable	0	0	0
Investment in subsidiaries	810,329	857,416	749,948
Total assets	810,329	857,416	749,948
Current liabilities:
Accounts payable	0	0	0
Intercompany payables	0	0	0
Other current liabilities	0	0	0
Total current liabilities	0	0	0
Long-term debt, net	0	0	0
Deferred income taxes	0	0	0
Intercompany long-term liability	0	0	0
Intercompany long-term note payable	0	0	0
Other long-term liabilities	0	0	0
Total stockholders' equity	810,329	857,416	749,948
Total liabilities and stockholders' equity	810,329	857,416	749,948
Subsidiary Issuer [Member]
Current assets:
Cash and cash equivalents	99,928	129,463	127,907	229,056
Accounts receivable, net	114,728	182,944	124,885
Intercompany receivable	70,001	87,702	56,526
Finished goods inventories	385,000	296,065	346,963
Prepaid expenses and other current assets	19,393	17,012	16,683
Total current assets	689,050	713,186	672,964
Property, plant, and equipment, net of accumulated depreciation of $430,834, $404,173, and $384,881, respectively	141,465	147,858	150,796
Goodwill	136,570	136,570	136,570
Tradenames, net	223,162	223,251	223,339
Customer relationships, net	0	0	0
Other assets	23,802	23,884	20,901
Intercompany long-term receivable	0	0	0
Intercompany long-term note receivable	100,000	100,000	100,000
Investment in subsidiaries	1,086,715	1,053,224	936,348
Total assets	2,400,764	2,397,973	2,240,918
Current liabilities:
Accounts payable	147,179	115,658	151,770
Intercompany payables	158,421	215,573	82,539
Other current liabilities	13,459	11,805	32,973
Total current liabilities	319,059	343,036	267,282
Long-term debt, net	682,778	617,306	661,846
Deferred income taxes	45,690	46,619	69,750
Intercompany long-term liability	438,167	441,294	411,475
Intercompany long-term note payable	0	0	0
Other long-term liabilities	81,732	71,834	68,447
Total stockholders' equity	833,338	877,884	762,118
Total liabilities and stockholders' equity	2,400,764	2,397,973	2,240,918
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	13,529	10,030	11,435	11,817
Accounts receivable, net	31,779	40,286	35,765
Intercompany receivable	105,309	162,007	61,911
Finished goods inventories	224,323	206,556	207,368
Prepaid expenses and other current assets	20,202	21,354	19,483
Total current assets	395,142	440,233	335,962
Property, plant, and equipment, net of accumulated depreciation of $430,834, $404,173, and $384,881, respectively	185,123	189,511	195,209
Goodwill	45,369	45,368	53,635
Tradenames, net	142,655	142,300	142,300
Customer relationships, net	43,408	44,996	35,096
Other assets	2,171	2,392	447
Intercompany long-term receivable	438,167	441,294	411,475
Intercompany long-term note receivable	0	0	0
Investment in subsidiaries	254,289	231,994	167,809
Total assets	1,506,324	1,538,088	1,341,933
Current liabilities:
Accounts payable	50,786	49,313	47,695
Intercompany payables	72,412	91,697	57,034
Other current liabilities	71,482	122,989	54,535
Total current liabilities	194,680	263,999	159,264
Long-term debt, net	0	0	0
Deferred income taxes	39,560	37,647	63,422
Intercompany long-term liability	0	0	0
Intercompany long-term note payable	100,000	100,000	100,000
Other long-term liabilities	94,721	92,570	92,236
Total stockholders' equity	1,077,363	1,043,872	927,011
Total liabilities and stockholders' equity	1,506,324	1,538,088	1,341,933
Non-Guarantors Subsidiaries [Member]
Current assets:
Cash and cash equivalents	69,745	39,001	34,222	$ 58,485
Accounts receivable, net	6,010	17,331	4,533
Intercompany receivable	60,536	58,980	25,588
Finished goods inventories	76,949	66,569	68,262
Prepaid expenses and other current assets	12,360	14,569	10,236
Total current assets	225,600	196,450	142,841
Property, plant, and equipment, net of accumulated depreciation of $430,834, $404,173, and $384,881, respectively	37,635	40,555	36,467
Goodwill	46,616	48,486	41,504
Tradenames, net	0	0	0
Customer relationships, net	2,814	3,000	0
Other assets	1,802	2,159	1,898
Intercompany long-term receivable	0	0	0
Intercompany long-term note receivable	0	0	0
Investment in subsidiaries	0	0	0
Total assets	314,467	290,650	222,710
Current liabilities:
Accounts payable	18,966	17,143	17,875
Intercompany payables	5,013	1,419	4,452
Other current liabilities	10,744	14,340	8,952
Total current liabilities	34,723	32,902	31,279
Long-term debt, net	0	0	0
Deferred income taxes	505	678	101
Intercompany long-term liability	0	0	0
Intercompany long-term note payable	0	0	0
Other long-term liabilities	15,598	15,724	14,184
Total stockholders' equity	263,641	241,346	177,146
Total liabilities and stockholders' equity	$ 314,467	$ 290,650	$ 222,710

GUARANTOR UNAUDITED CONDENSED57

GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Condensed Income Statements, Captions [Line Items]
Net sales	$ 696,197	$ 691,751	$ 1,451,983	$ 1,424,578
Cost of goods sold	386,239	388,504	809,548	805,639
Gross profit	309,958	303,247	642,435	618,939
Selling, general, and administrative expenses	263,343	250,146	543,505	497,940
Royalty income, net	10,355	11,210	18,349	21,768
Operating income	56,970	64,311	117,279	142,767
Interest expense	7,937	7,194	15,922	14,298
Interest income	(225)	(79)	(391)	(219)
(Income) loss in subsidiaries	0	0	0	0
Other expense (income), net	975	(544)	593	(765)
Income before income taxes	48,283	57,740	101,155	129,453
Provision for income taxes	11,015	19,947	21,418	45,065
Net income	37,268	37,793	79,737	84,388
Consolidation, Eliminations [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	(189,821)	(167,904)	(406,081)	(345,474)
Cost of goods sold	(189,330)	(166,584)	(392,703)	(346,459)
Gross profit	(491)	(1,320)	(13,378)	985
Selling, general, and administrative expenses	(8,113)	(8,306)	(16,435)	(17,219)
Royalty income, net	(2,845)	(2,577)	(5,598)	(4,574)
Operating income	4,777	4,409	(2,541)	13,630
Interest expense	(1,327)	(1,327)	(2,654)	(2,654)
Interest income	1,327	1,327	2,654	2,654
(Income) loss in subsidiaries	59,077	37,445	82,122	60,492
Other expense (income), net	0	0	0	0
Income before income taxes	(54,300)	(33,036)	(84,663)	(46,862)
Provision for income taxes	0	0	0	0
Net income	(54,300)	(33,036)	(84,663)	(46,862)
Parent [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	0	0	0	0
Cost of goods sold	0	0	0	0
Gross profit	0	0	0	0
Selling, general, and administrative expenses	0	0	0	0
Royalty income, net	0	0	0	0
Operating income	0	0	0	0
Interest expense	0	0	0	0
Interest income	0	0	0	0
(Income) loss in subsidiaries	(37,268)	(37,793)	(79,737)	(84,388)
Other expense (income), net	0	0	0	0
Income before income taxes	37,268	37,793	79,737	84,388
Provision for income taxes	0	0	0	0
Net income	37,268	37,793	79,737	84,388
Subsidiary Issuer [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	345,813	352,814	806,799	806,329
Cost of goods sold	273,857	260,901	603,856	591,535
Gross profit	71,956	91,913	202,943	214,794
Selling, general, and administrative expenses	42,423	38,295	84,239	79,227
Royalty income, net	8,601	8,905	15,528	17,335
Operating income	38,134	62,523	134,232	152,902
Interest expense	7,937	7,138	15,912	14,111
Interest income	(1,329)	(1,401)	(2,671)	(2,840)
(Income) loss in subsidiaries	(4,973)	7,153	21,039	28,254
Other expense (income), net	(3)	(257)	18	(625)
Income before income taxes	36,502	49,890	99,934	114,002
Provision for income taxes	4,011	16,506	17,656	43,244
Net income	32,491	33,384	82,278	70,758
Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	445,836	434,956	872,299	830,806
Cost of goods sold	260,516	257,168	511,598	486,115
Gross profit	185,320	177,788	360,701	344,691
Selling, general, and administrative expenses	196,923	193,865	412,089	383,369
Royalty income, net	4,599	4,882	8,419	9,007
Operating income	(7,004)	(11,195)	(42,969)	(29,671)
Interest expense	1,327	1,377	2,654	2,746
Interest income	0	0	0	0
(Income) loss in subsidiaries	(16,836)	(6,805)	(23,424)	(4,358)
Other expense (income), net	114	280	125	648
Income before income taxes	8,391	(6,047)	(22,324)	(28,707)
Provision for income taxes	3,418	1,106	(1,285)	(453)
Net income	4,973	(7,153)	(21,039)	(28,254)
Non-Guarantors Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	94,369	71,885	178,966	132,917
Cost of goods sold	41,196	37,019	86,797	74,448
Gross profit	53,173	34,866	92,169	58,469
Selling, general, and administrative expenses	32,110	26,292	63,612	52,563
Royalty income, net	0	0	0	0
Operating income	21,063	8,574	28,557	5,906
Interest expense	0	6	10	95
Interest income	(223)	(5)	(374)	(33)
(Income) loss in subsidiaries	0	0	0	0
Other expense (income), net	864	(567)	450	(788)
Income before income taxes	20,422	9,140	28,471	6,632
Provision for income taxes	3,586	2,335	5,047	2,274
Net income	$ 16,836	$ 6,805	$ 23,424	$ 4,358

GUARANTOR UNAUDITED CONDENSED58

GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Condensed Financial Statements, Captions [Line Items]
Net income	$ 37,268	$ 37,793	$ 79,737	$ 84,388
Foreign currency translation adjustments	(4,677)	3,140	(6,439)	4,087
Comprehensive income	32,591	40,933	73,298	88,475
Consolidation, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	(54,300)	(33,036)	(84,663)	(46,862)
Foreign currency translation adjustments	14,031	(9,420)	19,317	(12,261)
Comprehensive income	(40,269)	(42,456)	(65,346)	(59,123)
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	37,268	37,793	79,737	84,388
Foreign currency translation adjustments	(4,677)	3,140	(6,439)	4,087
Comprehensive income	32,591	40,933	73,298	88,475
Subsidiary Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	32,491	33,384	82,278	70,758
Foreign currency translation adjustments	(4,677)	3,140	(6,439)	4,087
Comprehensive income	27,814	36,524	75,839	74,845
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	4,973	(7,153)	(21,039)	(28,254)
Foreign currency translation adjustments	(4,677)	3,140	(6,439)	4,087
Comprehensive income	296	(4,013)	(27,478)	(24,167)
Non-Guarantors Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	16,836	6,805	23,424	4,358
Foreign currency translation adjustments	(4,677)	3,140	(6,439)	4,087
Comprehensive income	$ 12,159	$ 9,945	$ 16,985	$ 8,445

GUARANTOR UNAUDITED CONDENSED59

GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Cash Flows) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	$ 103,063	$ 107,333
Cash flows from investing activities:
Capital expenditures	(31,750)	(34,276)
Intercompany investing activity	0	0
Acquisitions of businesses, net of cash acquired	96
Disposals and recoveries from property, plant, and equipment	373	0
Acquisition of business, net of cash acquired		(143,704)
Net cash used in investing activities	(31,281)	(177,980)
Cash flows from financing activities:
Intercompany financing activity	0	0
Borrowings under secured revolving credit facility	150,000	100,000
Payments on secured revolving credit facility	(85,000)	(18,965)
Dividends paid	(42,267)	(35,831)
Repurchases of common stock	(89,093)	(98,236)
Withholdings from vestings of restricted stock	(6,667)	(5,590)
Proceeds from exercises of stock options	7,376	3,122
Net cash used in financing activities	(65,651)	(55,500)
Effect of exchange rate changes on cash and cash equivalents	(1,423)	353
Net increase (decrease) in cash and cash equivalents	4,708	(125,794)
Cash and cash equivalents, beginning of period	178,494	299,358
Cash and cash equivalents, end of period	183,202	173,564
Consolidation, Eliminations [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	0	0
Cash flows from investing activities:
Capital expenditures	0	0
Intercompany investing activity	(131,359)	(134,067)
Acquisitions of businesses, net of cash acquired	0
Disposals and recoveries from property, plant, and equipment	0
Acquisition of business, net of cash acquired		0
Net cash used in investing activities	(131,359)	(134,067)
Cash flows from financing activities:
Intercompany financing activity	131,359	134,067
Borrowings under secured revolving credit facility	0	0
Payments on secured revolving credit facility	0	0
Dividends paid	0	0
Repurchases of common stock	0	0
Withholdings from vestings of restricted stock	0	0
Proceeds from exercises of stock options	0	0
Net cash used in financing activities	131,359	134,067
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Parent [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	0	0
Cash flows from investing activities:
Capital expenditures	0	0
Intercompany investing activity	130,651	136,535
Acquisitions of businesses, net of cash acquired	0
Disposals and recoveries from property, plant, and equipment	0
Acquisition of business, net of cash acquired		0
Net cash used in investing activities	130,651	136,535
Cash flows from financing activities:
Intercompany financing activity	0	0
Borrowings under secured revolving credit facility	0	0
Payments on secured revolving credit facility	0	0
Dividends paid	(42,267)	(35,831)
Repurchases of common stock	(89,093)	(98,236)
Withholdings from vestings of restricted stock	(6,667)	(5,590)
Proceeds from exercises of stock options	7,376	3,122
Net cash used in financing activities	(130,651)	(136,535)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	0	0
Subsidiary Issuer [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	109,382	120,884
Cash flows from investing activities:
Capital expenditures	(9,291)	(10,594)
Intercompany investing activity	(3,243)	(2,468)
Acquisitions of businesses, net of cash acquired	0
Disposals and recoveries from property, plant, and equipment	0
Acquisition of business, net of cash acquired		(144,520)
Net cash used in investing activities	(12,534)	(157,582)
Cash flows from financing activities:
Intercompany financing activity	(191,383)	(164,451)
Borrowings under secured revolving credit facility	150,000	100,000
Payments on secured revolving credit facility	(85,000)	0
Dividends paid	0	0
Repurchases of common stock	0	0
Withholdings from vestings of restricted stock	0	0
Proceeds from exercises of stock options	0	0
Net cash used in financing activities	(126,383)	(64,451)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	(29,535)	(101,149)
Cash and cash equivalents, beginning of period	129,463	229,056
Cash and cash equivalents, end of period	99,928	127,907
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	(38,837)	(13,661)
Cash flows from investing activities:
Capital expenditures	(19,042)	(19,719)
Intercompany investing activity	3,024	0
Acquisitions of businesses, net of cash acquired	0
Disposals and recoveries from property, plant, and equipment	369
Acquisition of business, net of cash acquired		746
Net cash used in investing activities	(15,649)	(18,973)
Cash flows from financing activities:
Intercompany financing activity	57,985	32,252
Borrowings under secured revolving credit facility	0	0
Payments on secured revolving credit facility	0	0
Dividends paid	0	0
Repurchases of common stock	0	0
Withholdings from vestings of restricted stock	0	0
Proceeds from exercises of stock options	0	0
Net cash used in financing activities	57,985	32,252
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	3,499	(382)
Cash and cash equivalents, beginning of period	10,030	11,817
Cash and cash equivalents, end of period	13,529	11,435
Non-Guarantors Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by operating activities	32,518	110
Cash flows from investing activities:
Capital expenditures	(3,417)	(3,963)
Intercompany investing activity	927	0
Acquisitions of businesses, net of cash acquired	96
Disposals and recoveries from property, plant, and equipment	4
Acquisition of business, net of cash acquired		70
Net cash used in investing activities	(2,390)	(3,893)
Cash flows from financing activities:
Intercompany financing activity	2,039	(1,868)
Borrowings under secured revolving credit facility	0	0
Payments on secured revolving credit facility	0	(18,965)
Dividends paid	0	0
Repurchases of common stock	0	0
Withholdings from vestings of restricted stock	0	0
Proceeds from exercises of stock options	0	0
Net cash used in financing activities	2,039	(20,833)
Effect of exchange rate changes on cash and cash equivalents	(1,423)	353
Net increase (decrease) in cash and cash equivalents	30,744	(24,263)
Cash and cash equivalents, beginning of period	39,001	58,485
Cash and cash equivalents, end of period	$ 69,745	$ 34,222