Schedule of segment information |
The table below presents certain segment information for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal quarter ended | | Two fiscal quarters ended | (dollars in thousands) | July 4, 2015 | | % of Total Net Sales | | June 28, 2014 | | % of Total Net Sales | | July 4, 2015 | | % of Total Net Sales | | June 28, 2014 | | % of Total Net Sales | Net sales: | | | | | | | | | | | | | | | | Carter’s Wholesale | $ | 211,730 |
| | 34.6 | % | | $ | 200,059 |
| | 34.8 | % | | $ | 481,045 |
| | 37.1 | % | | $ | 471,688 |
| | 38.5 | % | Carter’s Retail (a) | 246,980 |
| | 40.4 | % | | 233,690 |
| | 40.7 | % | | 504,707 |
| | 39.0 | % | | 464,018 |
| | 37.9 | % | Total Carter’s (U.S.) | 458,710 |
| | 75.0 | % | | 433,749 |
| | 75.5 | % | | 985,752 |
| | 76.1 | % | | 935,706 |
| | 76.4 | % | OshKosh Retail (a) | 73,453 |
| | 12.0 | % | | 67,515 |
| | 11.8 | % | | 146,495 |
| | 11.3 | % | | 131,073 |
| | 10.7 | % | OshKosh Wholesale | 14,306 |
| | 2.3 | % | | 11,649 |
| | 2.0 | % | | 30,357 |
| | 2.3 | % | | 27,235 |
| | 2.2 | % | Total OshKosh (U.S.) | 87,759 |
| | 14.3 | % | | 79,164 |
| | 13.8 | % | | 176,852 |
| | 13.6 | % | | 158,308 |
| | 12.9 | % | International (b) | 66,296 |
| | 10.7 | % | | 61,152 |
| | 10.7 | % | | 134,925 |
| | 10.3 | % | | 131,695 |
| | 10.7 | % | Total net sales | $ | 612,765 |
| | 100.0 | % | | $ | 574,065 |
| | 100.0 | % | | $ | 1,297,529 |
| | 100.0 | % | | $ | 1,225,709 |
| | 100.0 | % | | | | | | | | | | | | | | | | | Operating income (loss): | | | % of Segment Net Sales | | | | % of Segment Net Sales | | | | % of Segment Net Sales | | | | % of Segment Net Sales | Carter’s Wholesale | $ | 40,207 |
| | 19.0 | % | | $ | 30,860 |
| | 15.4 | % | | $ | 98,138 |
| | 20.4 | % | | $ | 77,727 |
| | 16.5 | % | Carter’s Retail (a) | 38,331 |
| | 15.5 | % | | 40,179 |
| | 17.2 | % | | 82,824 |
| | 16.4 | % | | 83,158 |
| | 17.9 | % | Total Carter’s (U.S.) | 78,538 |
| | 17.1 | % | | 71,039 |
| | 16.4 | % | | 180,962 |
| | 18.4 | % | | 160,885 |
| | 17.2 | % | OshKosh Retail (a) | (1,815 | ) | | (2.5 | )% | | (1,694 | ) | | (2.5 | )% | | (2,775 | ) | | (1.9 | )% | | (6,183 | ) | | (4.7 | )% | OshKosh Wholesale | 2,249 |
| | 15.7 | % | | 859 |
| | 7.4 | % | | 5,228 |
| | 17.2 | % | | 2,885 |
| | 10.6 | % | Total OshKosh (U.S.) | 434 |
| | 0.5 | % | | (835 | ) | | (1.1 | )% | | 2,453 |
| | 1.4 | % | | (3,298 | ) | | (2.1 | )% | International (b) (c) | 6,236 |
| | 9.4 | % | | 7,107 |
| | 11.6 | % | | 12,747 |
| | 9.4 | % | | 11,143 |
| | 8.5 | % | Corporate expenses (d) (e) | (23,256 | ) | |
|
| | (29,964 | ) | |
|
| | (49,705 | ) | |
|
| | (59,852 | ) | |
|
| Total operating income | $ | 61,952 |
| | 10.1 | % | | $ | 47,347 |
| | 8.2 | % | | $ | 146,457 |
| | 11.3 | % | | $ | 108,878 |
| | 8.9 | % |
| | (a) | Includes eCommerce results. |
| | (b) | Net sales include international retail, eCommerce, and wholesale sales. Operating income includes international licensing income. |
| | (c) | Includes charges associated with the revaluation of the Company's contingent consideration related to the Company's 2011 acquisition of Bonnie Togs of approximately $1.4 million for the fiscal quarter ended July 4, 2015, and $1.9 million and $0.5 million for each of the two-fiscal-quarter periods ended July 4, 2015 and June 28, 2014, respectively. The charge associated with the revaluation for the fiscal quarter ended June 28, 2014 was not material. Also includes expenses of approximately $0.9 million and $0.5 million for the second quarter of fiscal 2014 and for the first two quarters of fiscal 2014, respectively, related to the Company's exit from Japan retail operations. |
| | (d) | Corporate expenses 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 the following charges: |
| | | | | | | | | | | | | | | | | | Fiscal quarter ended | | Two fiscal quarters ended | (dollars in millions) | July 4, 2015 | | June 28, 2014 | | July 4, 2015 | | June 28, 2014 | Closure of distribution facility in Hogansville, GA (1) | $ | — |
| | $ | 0.3 |
| | $ | — |
| | $ | 0.6 |
| Office consolidation costs | $ | — |
| | $ | 4.6 |
| | $ | — |
| | $ | 6.6 |
| Amortization of tradenames | $ | 2.1 |
| | $ | 5.6 |
| | $ | 4.4 |
| | $ | 11.9 |
|
(1) Continuing operating costs associated with the closure of the Company's distribution facility in Hogansville, Georgia. This facility was sold in December 2014.
|