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 | | Three fiscal quarters ended | (dollars in thousands) | October 1, 2016 | | % of Total Net Sales | | October 3, 2015 | | % of Total Net Sales | | October 1, 2016 | | % of Total Net Sales | | October 3, 2015 | | % of Total Net Sales | Net sales: | | | | | | | | | | | | | | | | Carter’s Wholesale | $ | 356,258 |
| | 39.5 | % | | $ | 343,555 |
| | 40.4 | % | | $ | 842,136 |
| | 37.2 | % | | $ | 824,600 |
| | 38.4 | % | Carter’s Retail (a) | 314,699 |
| | 34.9 | % | | 294,928 |
| | 34.7 | % | | 860,854 |
| | 38.0 | % | | 799,635 |
| | 37.2 | % | Total Carter’s (U.S.) | 670,957 |
| | 74.4 | % | | 638,483 |
| | 75.1 | % | | 1,702,990 |
| | 75.2 | % | | 1,624,235 |
| | 75.6 | % | OshKosh Retail (a) | 106,999 |
| | 11.9 | % | | 98,292 |
| | 11.6 | % | | 267,715 |
| | 11.8 | % | | 244,787 |
| | 11.4 | % | OshKosh Wholesale | 17,474 |
| | 1.9 | % | | 18,794 |
| | 2.2 | % | | 38,772 |
| | 1.7 | % | | 49,151 |
| | 2.3 | % | Total OshKosh (U.S.) | 124,473 |
| | 13.8 | % | | 117,086 |
| | 13.8 | % | | 306,487 |
| | 13.5 | % | | 293,938 |
| | 13.7 | % | International (b) | 105,995 |
| | 11.8 | % | | 94,237 |
| | 11.1 | % | | 255,504 |
| | 11.3 | % | | 229,162 |
| | 10.7 | % | Total net sales | $ | 901,425 |
| | 100.0 | % | | $ | 849,806 |
| | 100.0 | % | | $ | 2,264,981 |
| | 100.0 | % | | $ | 2,147,335 |
| | 100.0 | % | | | | | | | | | | | | | | | | | Operating income (loss): | | | % of Segment Net Sales | | | | % of Segment Net Sales | | | | % of Segment Net Sales | | | | % of Segment Net Sales | Carter’s Wholesale | $ | 81,551 |
| | 22.9 | % | | $ | 74,347 |
| | 21.6 | % | | $ | 187,655 |
| | 22.3 | % | | $ | 172,485 |
| | 20.9 | % | Carter’s Retail (a) | 48,051 |
| | 15.3 | % | | 51,733 |
| | 17.5 | % | | 127,738 |
| | 14.8 | % | | 134,557 |
| | 16.8 | % | Total Carter’s (U.S.) | 129,602 |
| | 19.3 | % | | 126,080 |
| | 19.7 | % | | 315,393 |
| | 18.5 | % | | 307,042 |
| | 18.9 | % | OshKosh Retail (a) | 2,652 |
| | 2.5 | % | | 6,171 |
| | 6.3 | % | | (614 | ) | | (0.2 | )% | | 3,396 |
| | 1.4 | % | OshKosh Wholesale | 4,450 |
| | 25.5 | % | | 4,487 |
| | 23.9 | % | | 8,266 |
| | 21.3 | % | | 9,715 |
| | 19.8 | % | Total OshKosh (U.S.) | 7,102 |
| | 5.7 | % | | 10,658 |
| | 9.1 | % | | 7,652 |
| | 2.5 | % | | 13,111 |
| | 4.5 | % | International (b) (c) | 19,645 |
| | 18.5 | % | | 18,220 |
| | 19.3 | % | | 37,191 |
| | 14.6 | % | | 30,967 |
| | 13.5 | % | Corporate expenses (d) (e) (f) | (25,455 | ) | |
|
| | (24,737 | ) | |
|
| | (73,091 | ) | |
|
| | (74,442 | ) | |
|
| Total operating income | $ | 130,894 |
| | 14.5 | % | | $ | 130,221 |
| | 15.3 | % | | $ | 287,145 |
| | 12.7 | % | | $ | 276,678 |
| | 12.9 | % |
| | (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 $1.9 million for the first three fiscal quarters ended October 3, 2015. |
| | (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 charges related to the amortization of the H.W. Carter and Sons tradenames of approximate $1.7 million for the first three fiscal quarters ended October 1, 2016, and approximately $1.0 million and $5.3 million for the fiscal quarter and the first three fiscal quarters ended October 3, 2015, respectively. |
| | (f) | Includes charges related to the Company's direct sourcing initiative of $0.5 million for the fiscal quarter and for the three fiscal quarters periods ended October 1, 2016. |
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