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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2012
Segment Reporting [Abstract]  
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.