Schedule of segment information |
The table below presents certain segment information for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the three-month periods ended | | For the six-month periods ended | (dollars in thousands) | June 30, 2012 | | % of Total | | July 2, 2011 | | % of Total | | | June 30, 2012 | | % of Total | | July 2, 2011 | | % of Total | Net sales: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Carter’s Wholesale | $ | 194,523 |
| | 41.2 | % | | $ | 172,634 |
| | 43.8 | % | | | $ | 444,008 |
| | 43.4 | % | | $ | 414,253 |
| | 48.0 | % | Carter’s Retail (a) | 169,261 |
| | 35.8 | % | | 142,921 |
| | 36.2 | % | | | 346,465 |
| | 33.8 | % | | 280,783 |
| | 32.5 | % | Total Carter’s | 363,784 |
| | 77.0 | % | | 315,555 |
| | 80.0 | % | | | 790,473 |
| | 77.2 | % | | 695,036 |
| | 80.5 | % | | | | | | | | | | | | | | | | | | OshKosh Retail (a) | 58,301 |
| | 12.3 | % | | 57,112 |
| | 14.5 | % | | | 116,289 |
| | 11.4 | % | | 111,106 |
| | 12.9 | % | OshKosh Wholesale | 12,789 |
| | 2.7 | % | | 14,700 |
| | 3.7 | % | | | 33,063 |
| | 3.2 | % | | 34,776 |
| | 4.0 | % | Total OshKosh | 71,090 |
| | 15.1 | % | | 71,812 |
| | 18.2 | % | | | 149,352 |
| | 14.6 | % | | 145,882 |
| | 16.9 | % | | | | | | | | | | | | | | | | | | International (b) | 37,288 |
| | 7.9 | % | | 7,121 |
| | 1.8 | % | | | 83,999 |
| | 8.2 | % | | 22,570 |
| | 2.6 | % | | | | | | | | | | | | | | | | | | Total net sales | $ | 472,162 |
| | 100.0 | % | | $ | 394,488 |
| | 100.0 | % | | | $ | 1,023,824 |
| | 100.0 | % | | $ | 863,488 |
| | 100.0 | % | | | | | | | | | | | | | | | | | | Operating income (loss): | | | % of segment net sales | | | | % of segment net sales | | | | | % of segment net sales | | | | % of segment net sales | | | | | | | | | | | | | | | | | | Carter’s Wholesale | $ | 35,945 |
| | 18.5 | % | | $ | 20,438 |
| | 11.8 | % | | | $ | 76,216 |
| | 17.2 | % | | $ | 57,581 |
| | 13.9 | % | Carter’s Retail (a) | 19,951 |
| | 11.8 | % | | 19,392 |
| | 13.6 | % | | | 50,485 |
| | 14.6 | % | | 46,055 |
| | 16.4 | % | | | | | | | | | | | | | | | | | | Total Carter’s | 55,896 |
| | 15.4 | % | | 39,830 |
| | 12.6 | % | | | 126,701 |
| | 16.0 | % | | 103,636 |
| | 14.9 | % | | | | | | | | | | | | | | | | | | OshKosh Retail (a) | (9,319 | ) | | (16.0 | )% | | (5,719 | ) | | (10.0 | )% | | | (16,778 | ) | | (14.4 | )% | | (11,121 | ) | | (10.0 | )% | OshKosh Wholesale | (574 | ) | | (4.5 | )% | | (1,994 | ) | | (13.6 | )% | | | (454 | ) | | (1.4 | )% | | (431 | ) | | (1.2 | )% | | | | | | | | | | | | | | | | | | Total OshKosh | (9,893 | ) | | (13.9 | )% | | (7,713 | ) | | (10.7 | )% | | | (17,232 | ) | | (11.5 | )% | | (11,552 | ) | | (7.9 | )% | | | | | | | | | | | | | | | | | | International (b) | 6,257 |
| (c) | 16.8 | % | | 3,607 |
| | 50.7 | % | | | 13,724 |
| (c) | 16.3 | % | | 8,586 |
| | 38.0 | % | | | | | | | | | | | | | | | | | | Total segment operating income | 52,260 |
| | 11.1 | % | | 35,724 |
| | 9.1 | % | | | 123,193 |
| | 12.0 | % | | 100,670 |
| | 11.7 | % | | | | | | | | | | | | | | | | | | Corporate expenses (d) | (17,833 | ) | (e) | (3.8 | )% | | (13,702 | ) | (f) | (3.5 | )% | | | (34,966 | ) | (e) | (3.4 | )% | | (25,014 | ) | (f) | (2.9 | )% | | | | | | | | | | | | | | | | | | Total operating income | $ | 34,427 |
| | 7.3 | % | | $ | 22,022 |
| | 5.6 | % | | | $ | 88,227 |
| | 8.6 | % | | $ | 75,656 |
| | 8.8 | % |
| | (a) | Includes eCommerce results. |
| | (b) | Net sales include international retail, eCommerce, and wholesale sales. Operating income includes international licensing income. |
| | (c) | Includes charges of $1.1 million and $1.8 million for the three and six-month periods ended June 30, 2012, respectively, associated with the revaluation of the Company’s contingent consideration. |
| | (d) | Corporate expenses generally include expenses related to incentive compensation, stock-based compensation, executive management, severance and relocation, finance, building occupancy, information technology, certain legal fees, consulting, and audit fees. |
| | (e) | Includes $0.7 million and $1.8 million in facility closure-related costs related to the closure of a distribution facility located in Hogansville, Georgia for the three and six-month periods ended June 30, 2012, respectively. For the second quarter of fiscal 2012, the total closure-related costs consisted of severance of $0.3 million, accelerated depreciation (included in selling, general, and administrative expenses) of $0.4 million, and other closure costs of $0.1 million. For the first half of fiscal 2012, the total closure-related costs consisted of severance of $1.4 million, accelerated depreciation (included in selling, general, and administrative expenses) of $0.4 million, and other closure costs of $0.1 million. |
| | (f) | Includes $1.2 million and $2.2 million of professional service fees associated with the Acquisition for the three and six-month period ended July 2, 2011. |
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