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Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Dec. 31, 2011	Feb. 29, 2012	Jul. 01, 2011
Entity Registrant Name	CARTERS INC
Entity Central Index Key	0001060822
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 1,776,721,299
Entity Common Stock, Shares Outstanding		58,884,166
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2011

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2011	Jan. 01, 2011
Current assets:
Cash and cash equivalents	$ 233,494	$ 247,382
Accounts receivable, net of reserve for doubtful accounts of $5,020 in fiscal 2011 and $3,251 in fiscal 2010	157,754	121,453
Finished goods inventories, net	347,215	298,509
Prepaid expenses and other current assets	18,519	17,372
Deferred income taxes	25,165	31,547
Total current assets	782,147	716,263
Property, plant, and equipment, net	122,346	94,968
Tradenames	306,176	305,733
Goodwill	188,679	136,570
Other intangible assets, net	258	0
Deferred debt issuance costs, net	2,624	3,332
Other assets	479	316
Total assets	1,402,709	1,257,182
Current liabilities:
Current maturities of long-term debt	0	0
Accounts payable	102,804	116,481
Other current liabilities	49,949	66,891
Total current liabilities	152,753	183,372
Long-term debt	236,000	236,000
Deferred income taxes	114,421	113,817
Other long-term liabilities	93,826	44,057
Total liabilities	597,000	577,246
Commitments and contingencies
Stockholders' equity:
Preferred stock; par value $.01 per share; 100,000 shares authorized; none issued or outstanding at December 31, 2011 and January 1, 2011	0	0
Common stock, voting; par value $.01 per share; 150,000,000 shares authorized; 58,595,421 and 57,493,567 shares issued and outstanding at December 31, 2011 and January 1, 2011, respectively	586	575
Additional paid-in capital	231,738	210,600
Accumulated other comprehensive loss	(11,282)	(1,890)
Retained earnings	584,667	470,651
Total stockholders' equity	805,709	679,936
Total liabilities and stockholders' equity	$ 1,402,709	$ 1,257,182

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2011	Jan. 01, 2011
Current assets:
Reserve for doubtful accounts	$ 5,020	$ 3,251
Stockholders' equity:
Preferred stock; par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock; shares authorized (in shares)	100,000	100,000
Preferred stock; shares issued (in shares)	0	0
Preferred stock; shares outstanding (in shares)	0	0
Common stock, voting; par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, voting; shares authorized (in shares)	150,000,000	150,000,000
Common stock, voting; shares issued (in shares)	58,595,421	57,493,567
Common stock, voting; shares outstanding (in shares)	58,595,421	57,493,567

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Jan. 01, 2011	Jan. 02, 2010
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]
Net sales	$ 2,109,734	$ 1,749,256	$ 1,589,677
Cost of goods sold	1,418,582	1,075,384	985,323
Gross profit	691,152	673,872	604,354
Selling, general, and administrative expenses	540,960	468,192	428,674
Investigation expenses	0	0	5,717
Workforce reduction, facility write-down, and closure costs	0	0	10,771
Royalty income	(37,274)	(37,576)	(36,421)
Operating income	187,466	243,256	195,613
Interest income	(386)	(575)	(219)
Interest expense	7,534	10,445	12,004
Foreign currency gain	(570)	0	0
Income before income taxes	180,888	233,386	183,828
Provision for income taxes	66,872	86,914	68,188
Net income	$ 114,016	$ 146,472	$ 115,640
Basic net income per common share (Note 2)	$ 1.96	$ 2.50	$ 2.03
Diluted net income per common share (Note 2)	$ 1.94	$ 2.46	$ 1.97

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Jan. 01, 2011	Jan. 02, 2010
Cash flows from operating activities:
Net income	$ 114,016	$ 146,472	$ 115,640
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	32,548	31,727	32,274
Amortization of Bonnie Togs inventory step-up	6,672	0	0
Non-cash revaluation of contingent consideration	2,484	0	0
Amortization of Bonnie Togs tradename and non-compete agreements	187	0	0
Amortization of debt issuance costs	708	2,616	1,129
Non-cash stock-based compensation expense	9,644	7,303	6,775
Non-cash asset impairment and facility write-down charges	0	0	4,669
Loss (gain) on disposal/sale of property, plant, and equipment	139	(118)	(962)
Income tax benefit from stock-based compensation	(6,900)	(9,249)	(11,750)
Deferred income taxes	9,128	4,370	2,270
Effect of changes in operating assets and liabilities:
Accounts Receivable	(33,222)	(39,359)	3,358
Inventories	(20,571)	(84,509)	(10,514)
Prepaid Expense and Other Assets	(948)	(6,269)	(1,363)
Accounts payable	(18,745)	18,935	19,155
Other liabilities	(14,066)	13,902	28,178
Net cash provided by operating activities	81,074	85,821	188,859
Cash flows from investing activities:
Capital expenditures	(45,495)	(39,782)	(33,600)
Acquisition of Bonnie Togs, net of cash acquired	(61,207)	0	0
Proceeds from sale of property, plant, and equipment	10	286	4,084
Net cash used in investing activities	(106,692)	(39,496)	(29,516)
Cash flows from financing activities:
Payments on Term Loan	0	(334,523)	(3,503)
Proceeds from revolving credit facility	0	236,000	0
Payments of Debt Issuance Costs	0	(3,479)	0
Repurchases of Common Stock	0	(50,000)	0
Income tax benefit from stock-based compensation	6,900	9,249	11,750
Withholding from vesting of restricted stock	(2,181)	(927)	0
Proceeds from exercise of stock options	6,786	9,696	5,102
Net cash (used in) provided by financing activities	11,505	(133,984)	13,349
Effect of exchange rate changes on cash	225	0	0
Net (decrease) increase in cash and cash equivalents	(13,888)	(87,659)	172,692
Cash and cash equivalents at beginning of period	247,382	335,041	162,349
Cash and cash equivalents at end of period	$ 233,494	$ 247,382	$ 335,041

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Beginning balance at Jan. 03, 2009	$ 563	$ 211,767	$ (7,318)	$ 208,539	$ 413,551
Income tax benefit from stock-based compensation	0	11,750	0	0	11,750
Exercise of stock options	15	5,087	0	0	5,102
Restricted stock activity	3	(3)	0	0	0
Stock-based compensation expense	0	6,012	0	0	6,012
Issuance of common stock	0	717	0	0	717
Comprehensive (loss) income:
Net income	0	0	0	115,640	115,640
Unrealized gain/loss on OshKosh defined benefit plan, net of tax	0	0	2,309	0	2,309
Unrealized gain/loss on Carter's post-retirement benefit obligation, net of tax	0	0	131	0	131
Unrealized gain / loss on interest rate swap, net of tax	0	0	405	0	405
Realized gain/loss on interest rate collar, net of tax	0	0	407	0	407
Total comprehensive income (loss)	0	0	3,252	115,640	118,892
Ending balance at Jan. 02, 2010	581	235,330	(4,066)	324,179	556,024
Income tax benefit from stock-based compensation	0	9,249	0	0	9,249
Exercise of stock options	13	9,683	0	0	9,696
Restricted stock activity	1	(1)	0	0	0
Stock-based compensation expense	0	6,396	0	0	6,396
Issuance of common stock	0	850	0	0	850
Repurchases of common stock	(20)	(49,980)	0	0	(50,000)
Withholdings from vesting of restricted stock	0	(927)	0	0	(927)
Comprehensive (loss) income:
Net income	0	0	0	146,472	146,472
Unrealized gain/loss on OshKosh defined benefit plan, net of tax	0	0	1,137	0	1,137
Unrealized gain/loss on Carter's post-retirement benefit obligation, net of tax	0	0	185	0	185
Unrealized gain / loss on interest rate swap, net of tax	0	0	688	0	688
Realized gain / loss on interest rate swap, net of tax	0	0	166	0	166
Total comprehensive income (loss)	0	0	2,176	146,472	148,649
Ending balance at Jan. 01, 2011	575	210,600	(1,890)	470,651	679,936
Income tax benefit from stock-based compensation	0	6,900	0	0	6,900
Exercise of stock options	8	6,778	0	0	6,786
Restricted stock activity	4	(4)	0	0	0
Stock-based compensation expense	0	8,474	0	0	8,474
Issuance of common stock	0	1,170	0	0	1,170
Withholdings from vesting of restricted stock	(1)	(2,180)	0		(2,181)
Comprehensive (loss) income:
Net income	0	0	0	114,016	114,016
Unrealized gain/loss on OshKosh defined benefit plan, net of tax	0	0	(6,206)	0	(6,206)
Unrealized gain/loss on Carter's post-retirement benefit obligation, net of tax	0	0	(62)	0	(62)
Balance	0	0	(3,124)	0	(3,124)
Total comprehensive income (loss)	0	0	(9,392)	114,016	104,624
Ending balance at Dec. 31, 2011	$ 586	$ 231,738	$ (11,282)	$ 584,667	$ 805,709

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Jan. 01, 2011	Jan. 02, 2010
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY [Abstract]
Exercise of stock options (in shares)	821,336	1,326,099	1,528,096
Withholdings from vesting of restricted stock (in shares)	70,827	31,004	0
Issuance of common stock (in shares)	38,520	26,147	34,404
Repurchases of common stock (in shares)	0	2,058,830	0
Comprehensive (loss) income:
Tax on OshKosh defined benefit plan	$ 3,660	$ 620	$ 1,349
Tax on Carter's post-retirement benefit obligation	36	100	100
Tax on unrealized gain/loss on interest rate swap agreement	0	378	238
Tax on realized gain on interest rate collar	0	0	216
Tax on realized gain on interest rate swap agreement	$ 0	$ 97	$ 0

THE COMPANY	12 Months Ended
THE COMPANY	Dec. 31, 2011
Company [Abstract]
THE COMPANY	NOTE 1 – THE COMPANY: Carter’s, Inc. and its wholly owned subsidiaries (collectively, the “Company,” “we,” “us,” “its,” and “our”) design, source, and market branded childrenswear under the Carter’s, Child of Mine, Just One You, Precious Firsts, OshKosh, and other brands. Our products are sourced through contractual arrangements with manufacturers worldwide for wholesale distribution to major domestic and international retailers and for our 359 Carter’s, 170 OshKosh, and 65 international retail stores that market our brand name merchandise and other licensed products manufactured by other companies. On June 30, 2011, Northstar Canadian Operations Corp. (“Northstar”), a newly formed Canadian corporation and a wholly owned subsidiary of The William Carter Company (a wholly owned subsidiary of Carter’s, Inc.), purchased all of the outstanding shares of capital stock of the entities comprising Bonnie Togs (the “Acquisition”), a Canadian specialty retailer focused exclusively on the children’s apparel and accessories marketplace. Bonnie Togs sells products under the Carter’s and OshKosh brands, as well as other brands. Prior to the Acquisition, Bonnie Togs was Carter’s principal licensee in Canada since 2007 and was a significant international licensee of the Company. As a result of the Acquisition, the Company reevaluated and realigned certain of its reportable segments, please see Note 15, “Segment Information.” Our audited consolidated balance sheet as of December 31, 2011 includes Bonnie Togs. The audited consolidated statement of operations for the fiscal year ended December 31, 2011 includes Bonnie Togs effective July 1, 2011.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2011

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

PRINCIPLES OF CONSOLIDATION:

The accompanying audited consolidated financial statements include the accounts of Carter’s, Inc. and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.

RECLASSIFICATIONS:

Certain prior year amounts have been reclassified for comparative purposes.

FISCAL YEAR:

Our fiscal year ends on the Saturday, in December or January, nearest the last day of December. The accompanying audited consolidated financial statements reflect our financial position as of December 31, 2011 and January 1, 2011 and results of operations for the fiscal years ended December 31, 2011, January 1, 2011, and January 2, 2010. The fiscal years ended December 31, 2011 (fiscal 2011), January 1, 2011 (fiscal 2010), and January 2, 2010 (fiscal 2009), each contain 52 weeks.

USE OF ESTIMATES IN THE PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS:

The preparation of these consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities, at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

FOREIGN CURRENCY TRANSLATION AND TRANSACTIONS:

The functional currency of the Company’s foreign operations is the local currency. Assets and liabilities are translated into U.S. dollars using the current exchange rates in effect at the balance sheet date, while revenues and expenses are translated at the average exchange rates for the period. The resulting translation adjustments are recorded as a component of accumulated other comprehensive income (loss) within the audited consolidated statements of changes in stockholders’ equity.

The Company also recognizes gains and losses on transactions that are denominated in a currency other than the respective entity’s functional currency. Foreign currency transaction gains and losses include the mark-to-market adjustment related to open foreign currency exchange contracts, amounts realized on the settlement of foreign currency exchange contracts, and intercompany loans with foreign subsidiaries that are of a short-term investment nature. Foreign currency transaction gains and losses are recognized in earnings and separately disclosed in the audited consolidated statements of operations.

CASH AND CASH EQUIVALENTS:

We consider all highly liquid investments that have original maturities of three months or less to be cash equivalents. Our cash and cash equivalents consist of deposit accounts and cash management funds invested in U.S. Treasury securities. We had cash deposits, in excess of deposit insurance limits, in two U.S. banks and one Canadian bank at December 31, 2011.

ACCOUNTS RECEIVABLE:

Approximately 79.9% of our gross accounts receivable at December 31, 2011 and 82.9% at January 1, 2011 were from our ten largest wholesale customers. Of these customers, three had individual receivable balances in excess of 10% of our gross accounts receivable (but not more than 19%) at December 31, 2011. At January 1, 2011, four customers had individual receivable balances in excess of 10% of our gross accounts receivable (but not more than 17%). Sales to these customers represent 72.9% and 78.6% of total wholesale net sales for fiscal 2011 and fiscal 2010, respectively. In fiscal 2011, no one customer accounted for 10% or more of our consolidated net sales. In fiscal 2010, one customer accounted for approximately 10% of our consolidated net sales.

Components of accounts receivable as of December 31, 2011 and January 1, 2011 are as follows:

(dollars in thousands)	December 31, 2011		January 1, 2011
Trade receivables, net	$	138,070	$	107,804
Royalties receivable		9,224		9,531
Tenant allowances and other receivables		10,460		4,118
Total	$	157,754	$	121,453

INVENTORIES:

Inventories are stated at the lower of cost (first-in, first-out basis for wholesale inventory and average cost for retail inventories) or market. We provide reserves for slow-moving inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions.

PROPERTY, PLANT, AND EQUIPMENT:

Property, plant, and equipment are stated at cost, less accumulated depreciation and amortization. When fixed assets are sold or otherwise disposed of, the accounts are relieved of the original cost of the assets, and the related accumulated depreciation and any resulting profit or loss is credited or charged to income. For financial reporting purposes, depreciation and amortization are computed on the straight-line method over the estimated useful lives of the assets as follows: buildings from 15 to 26 years and retail store fixtures, equipment, and computers from 3 to 10 years. Leasehold improvements and fixed assets purchased under capital leases, if any, are amortized over the lesser of the asset life or related lease term. We capitalize the cost of our fixtures designed and purchased for use at major wholesale accounts. The cost of these fixtures is amortized over a three-year period.

GOODWILL AND OTHER INTANGIBILE ASSETS:

In connection with the Acquisition, the Company recorded estimates of goodwill and other intangible assets including a Bonnie Togs tradename and non-compete agreements for certain executives of Bonnie Togs, in accordance with accounting guidance on business combinations.

Goodwill as of December 31, 2011, represents the excess of the cost of the acquisition of Carter’s, Inc., which was consummated on August 15, 2001, and the acquisition of Bonnie Togs, which was consummated on June 30, 2011, over the fair value of the net assets acquired. Our goodwill is not deductible for tax purposes. The OshKosh tradename was recorded in connection with the acquisition of OshKosh on July 14, 2005 and adjusted in fiscal 2007 to reflect the impairment of the value. Our Carter’s and Bonnie Togs goodwill and Carter’s and OshKosh tradenames are deemed to have indefinite lives and are not being amortized. The Bonnie Togs tradename and non-compete agreements for certain executives have definite lives and are being amortized over two and four years, respectively.

The carrying values of the goodwill and tradename assets are subject to annual impairment reviews in accordance with accounting guidance on goodwill and other intangible assets, as of the last day of each fiscal year. Impairment reviews may also be triggered by any significant events or changes in circumstances affecting our business. Factors affecting such impairment reviews include the continued market acceptance of our offered products and the development of new products. Based upon our most recent assessment performed as of December 31, 2011, we determined that there is no impairment of our goodwill or tradename assets. We use discounted cash flow models to determine the fair value of these assets, using assumptions we believe hypothetical marketplace participants would use. For indefinite-lived intangible assets, if the carrying amount exceeds the fair value, an impairment charge is recognized in the amount equal to that excess.

We perform impairment tests of our goodwill at our reporting unit level. The goodwill impairment test consists of a two-step process, if necessary. The first step is to compare the fair value of a reporting unit to its carrying value, including goodwill. The assumptions used in these models are consistent with those we believe hypothetical marketplace participants would use. If the fair value of a reporting unit is less than its carrying value, the second step of the impairment test must be performed in order to determine the amount of impairment loss, if any. The second step compares the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. If the carrying amount of the reporting unit’s goodwill exceeds its implied fair value, an impairment charge is recognized in an amount equal to that excess. The loss recognized cannot exceed the carrying amount of goodwill.

A deterioration of macroeconomic conditions may not only negatively impact the estimated operating cash flows used in our cash flow models, but may also negatively impact other assumptions used in our analyses, including, but not limited to, the estimated cost of capital and/or discount rates. Additionally, as discussed above, in accordance with accounting guidance, we are required to ensure that assumptions used to determine fair value in our analyses are consistent with the assumptions a hypothetical marketplace participant would use. As a result, the cost of capital and/or discount rates used in our analyses may increase or decrease based on market conditions and trends, regardless of whether our Company’s actual cost of capital has changed. Therefore, our Company may recognize an impairment of an intangible asset or assets even though realized actual cash flows are approximately equal to or greater than our previously forecasted amounts.

The Company’s intangible assets were as follows:

		Fiscal 2011						Fiscal 2010
(dollars in thousands)	Weighted-average useful life	Gross amount		Accumulated amortization		Net amount		Gross amount		Accumulated amortization		Net amount

Carter’s goodwill (1)	Indefinite	$	136,570	$	--	$	136,570	$	136,570	$	--	$	136,570
Bonnie Togs goodwill (2)	Indefinite	$	52,109	$	--	$	52,109	$	--	$	--	$	--
Carter’s tradename	Indefinite	$	220,233	$	--	$	220,233	$	220,233	$	--	$	220,233
OshKosh tradename	Indefinite	$	85,500	$	--	$	85,500	$	85,500	$	--	$	85,500
Bonnie Togs tradename	2 years	$	592	$	150	$	442	$	--	$	--	$	--
Non-compete agreements	4 years	$	295	$	37	$	258	$	--	$	--	$	--

(1)	$45.9 million of which relates to the Carter’s wholesale segment, $82.0 million of which relates to the Carter’s retail segment, and $8.6 million of which relates to the international segment. Please see Note 15, “Segment Information” for more information.

(2)	Relates to the international segment.

The following is a reconciliation of Bonnie Togs intangible assets:

(dollars in thousands)	Bonnie Togs Goodwill			Bonnie Togs Tradename			Non-compete agreements

Gross Balance at June 30, 2011	$	54,480		$	623		$	311
Purchase accounting adjustments		476			--			--
Foreign currency exchange adjustments		(2,847	)		(31	)		(16	)
Gross Balance at December 31, 2011	$	52,109		$	592		$	295

Amortization expense for intangible assets subject to amortization was approximately $0.2 million for the fiscal year ended December 31, 2011, $1.8 million for the fiscal year ended January 1, 2011, and $3.7 million for the fiscal year ended January 2, 2010.

IMPAIRMENT OF OTHER LONG-LIVED ASSETS:

We review other long-lived assets, including property, plant, and equipment, and licensing agreements, for impairment whenever events or changes in circumstances indicate that the carrying amount of such an asset may not be recoverable. Management will determine whether there has been a permanent impairment on such assets held for use in the business by comparing anticipated undiscounted future cash flows from the use and eventual disposition of the asset or asset group to the carrying value of the asset. The amount of any resulting impairment will be calculated by comparing the carrying value to fair value, which may be estimated using the present value of the same cash flows. Long-lived assets that meet the definition of held for sale will be valued at the lower of carrying amount or fair value.

DEFERRED DEBT ISSUANCE COSTS:

Debt issuance costs are deferred and amortized to interest expense using the straight-line method, which approximates the effective interest method, over the life of the related debt. During the second quarter of fiscal 2010, the Company wrote off approximately $0.5 million of unamortized debt issuance costs related to the $100 million prepayment of a portion of its former term loan debt. On October 15, 2010, the Company entered into a $375 million ($130 million sub-limit for letters of credit and a swing line sub-limit of $40 million) revolving credit facility with Bank of America as sole lead arranger and administrative agent, JP Morgan Chase Bank as syndication agent, and other financial institutions. The revolving credit facility was immediately drawn upon to pay off the Company’s former term loan of $232.2 million and pay transaction fees and expenses of $3.8 million, leaving approximately $130 million available under the revolver for future borrowings (net of letters of credit of approximately $8.6 million). In connection with the repayment of the Company’s former term loan, in the fourth quarter of fiscal 2010 the Company wrote off approximately $1.2 million in unamortized debt issuance costs. In addition, in connection with the revolving credit facility, the Company recorded $3.5 million of debt issuance costs to be amortized over the term of the revolving credit facility (five years). Amortization approximated $0.7 million, $0.9 million (exclusive of $1.7 million related to prepayments), and $1.1 million for the fiscal years ended December 31, 2011, January 1, 2011, and January 2, 2010, respectively.

CASH FLOW HEDGES:

Our former senior credit facility required us to hedge at least 25% of our variable rate debt under this facility. The Company entered into interest rate swap agreements in order to hedge the risk of interest rate fluctuations. These interest rate swap agreements were designated as cash flow hedges of the variable interest payments on a portion of our variable rate former term loan debt. Our interest rate swap agreements were traded in the over-the-counter market. Fair values were based on quoted market prices for similar assets or liabilities or determined using inputs that use as their basis readily observable market data that are actively quoted and can be validated through external sources, including third-party pricing services, brokers, and market transactions.

In connection with the repayment of the Company’s former term loan in fiscal 2010, the Company terminated its two remaining interest rate swap agreements totaling $100.0 million originally scheduled to mature in January 2011.

The unrealized gain related to the swap agreements, net of tax, was approximately $0.7 million for the fiscal year ended January 1, 2011 and $0.4 million for the fiscal year ended January 2, 2010. The realized gain related to the swap agreements, net of tax, was approximately $0.2 million for the fiscal year ended January 1, 2011. These unrealized gains and losses and realized gain, net of tax, are included within accumulated other comprehensive (loss) income on the accompanying audited consolidated balance sheets. In fiscal 2010 and 2009, we recorded $1.7 million and $2.5 million, respectively, in interest expense related to the swap agreements.

On May 25, 2006, we entered into an interest rate collar agreement (the “collar”) with a LIBOR floor of 4.3% and a ceiling of 5.5%. The collar covered $100 million of our variable rate former term loan debt and was designated as a cash flow hedge of the variable interest payments on such debt. The collar matured on January 31, 2009. For the fiscal year ended January 2, 2010, the Company realized a gain of approximately $0.4 million, net of taxes, related to the collar and are included within accumulated other comprehensive (loss) income on the accompanying audited consolidated balance sheets. In fiscal 2009, we recorded $0.5 million in interest expense related to the collar.

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME:

Accumulated other comprehensive (loss) income, shown as a component of stockholders’ equity on the accompanying audited consolidated balance sheets, reflects adjustments to the Company’s defined benefit and post-retirement plan assets and liabilities as of the end of the year, and the gains and losses and prior service costs or credits, net of tax, that arise during the period but that are not recognized as components of net periodic benefit cost pursuant to accounting guidance on pensions and post-retirement benefits. Accumulated other comprehensive (loss) income also includes cumulative translation adjustments related to the translation of Company’s foreign results. The functional currency of the Company’s foreign operations is the local currency. Assets and liabilities are translated into U.S. dollars using the current exchange rates in effect at the balance sheet date, while revenues and expenses are translated at the average exchange rates for the period. Included in accumulated other comprehensive (loss) income are realized gains and unrealized gains or losses on the Company’s interest rate swap and collar agreements, net of taxes, which are not included in the determination of net income. These realized gains and unrealized gains and losses are recorded directly into accumulated other comprehensive (loss) income and are referred to as comprehensive (loss) income items.

Accumulated other comprehensive (loss) income is summarized as follows:

(dollars in thousands)	Pension / post-retirement liability adjustment			Cumulative Translation Adjustment			Derivative hedging adjustment			Accumulated other comprehensive income

Balance at January 3, 2009	$	(5,652	)	$	--		$	(1,666	)	$	(7,318	)
Current year change		2,440			--			812			3,252
Balance at January 2, 2010		(3,212	)		--			(854	)		(4,066	)
Current year change		1,322			--			854			2,176
Balance at January 1, 2011		(1,890	)		--			--			(1,890	)
Current year change		(6,268	)		(3,124	)		--			(9,392	)
Balance at December 31, 2011	$	(8,158	)	$	(3,124	)	$	--		$	(11,282	)

As of December 31, 2011, other accumulated comprehensive (loss) income for the pension/post-retirement liability adjustment are net of tax benefit of $3.7 million.

REVENUE RECOGNITION:

Revenues consist of sales to customers, net of returns, accommodations, allowances, deductions, and cooperative advertising. We consider revenue realized or realizable and earned when the product has been shipped, when title passes, when all risks and rewards of ownership have transferred, the sales price is fixed or determinable, and collectability is reasonably assured. In certain cases, in which we retain the risk of loss during shipment, revenue recognition does not occur until the goods have reached the specified customer. In the normal course of business, we grant certain accommodations and allowances to our wholesale domestic and international customers. We provide accommodations and allowances to our major wholesale customers in order to assist these customers with inventory clearance and promotions. Such amounts are reflected as a reduction of net sales and are recorded based on agreements with customers, historical trends, and annual forecasts. Retail store revenues are recognized at the point of sale. We reduce revenue for customer returns and deductions. We also maintain an allowance for doubtful accounts for estimated losses resulting from the inability of our customers to make payments and other actual and estimated deductions. If the financial condition of our customers were to deteriorate, resulting in an impairment of their ability to make payments, an additional allowance could be required. Past due balances over 90 days are reviewed individually for collectability. Our credit and collections department reviews all other balances regularly. Account balances are charged off against the allowance when we feel it is probable the receivable will not be recovered.

We contract with a third-party service to provide us with the fair value of cooperative advertising arrangements entered into with certain of our major wholesale customers. Such fair value is determined based upon, among other factors, comparable market analysis for similar advertisements. In accordance with accounting guidance on consideration given by a vendor to a customer/reseller, we have included the fair value of these arrangements of approximately $3.6 million in fiscal 2011, $4.0 million in fiscal 2010, and $3.3 million in fiscal 2009 as a component of selling, general, and administrative expenses on the accompanying audited consolidated statement of operations rather than as a reduction of revenue. Amounts determined to be in excess of the fair value of these arrangements are recorded as a reduction of net sales.

ACCOUNTING FOR SHIPPING AND HANDLING FEES AND COSTS:

Shipping and handling costs include related labor costs, third-party shipping costs, shipping supplies, and certain distribution overhead. Such costs are generally absorbed by us and are included in selling, general, and administrative expenses. These costs amounted to approximately $45.2 million for fiscal 2011, $33.3 million for fiscal 2010, and $31.9 million for fiscal 2009.

With respect to the freight component of our shipping and handling costs, certain customers arrange for shipping and pay the related freight costs directly to third parties. However, in the event that we arrange and pay the freight for these customers and bill them for this service, such amounts billed are included in revenue and the related cost is charged to cost of goods sold. In addition, shipping and handling costs billed to our eCommerce customers are included in revenue and the related cost is charged to cost of goods sold. For fiscal years 2011, 2010, and 2009, the Company billed customers approximately $5.3 million, $1.5 million, and $0.1 million, respectively.

ROYALTIES AND LICENSE FEES:

We license the Carter’s, Just One You, Precious Firsts, Child of Mine, OshKosh B’gosh, OshKosh, and Genuine Kids from OshKosh trademarks to other companies for use on baby and young children’s products, including bedding, outerwear, sleepwear, shoes, underwear, socks, room décor, toys, stationery, hair accessories, furniture, gear and related products. These royalties are recorded as earned, based upon the sales of licensed products by our licensees and reported as royalty income in the statement of operations.

STOCK-BASED COMPENSATION ARRANGEMENTS:

In accordance with the fair value recognition provisions of accounting guidance on share-based payments, the Company recognizes stock-based compensation expense for its share-based payments based on the fair value of the awards at the grant date.

We determine the fair value of stock options using the Black-Scholes option pricing model, which requires the use of the following subjective assumptions:

Volatility – This is a measure of the amount by which a stock price has fluctuated or is expected to fluctuate. The Company uses actual monthly historical changes in the market value of our stock covering the expected life of options being valued. An increase in the expected volatility will increase stock-based compensation expense.

Risk-free interest rate – This is the U.S. Treasury rate as of the grant date having a term equal to the expected term of the stock option. An increase in the risk-free interest rate will increase stock-based compensation expense.

Expected term – This is the period of time over which the stock options granted are expected to remain outstanding and is based on historical experience and estimated future exercise behavior. Separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. An increase in the expected term will increase stock-based compensation expense.

Dividend yield – The Company does not have plans to pay dividends in the foreseeable future. An increase in the dividend yield will decrease stock-based compensation expense.

Forfeitures – The Company estimates forfeitures of stock-based awards based on historical experience and expected future activity.

Changes in the subjective assumptions can materially affect the estimate of fair value of stock-based compensation and consequently, the related amount recognized in the accompanying audited consolidated statements of operations.

The Company accounts for its performance-based awards in accordance with accounting guidance on share-based payments and records stock-based compensation expense over the vesting term of the awards that are expected to vest based on whether it is probable that the performance criteria will be achieved. The Company reassesses the probability of vesting at each reporting period for awards with performance criteria and adjusts stock-based compensation expense based on its probability assessment.

The fair value of restricted stock is determined based on the quoted closing price of our common stock on the date of grant.

INCOME TAXES:

The accompanying audited consolidated financial statements reflect current and deferred tax provisions. The deferred tax provision is determined under the liability method. Deferred tax assets and liabilities are recognized based on differences between the book and tax bases of assets and liabilities using presently enacted tax rates. Valuation allowances are established when it is “more likely than not” that a deferred tax asset will not be recovered. The provision for income taxes is generally the sum of the amount of income taxes paid or payable for the year as determined by applying the provisions of enacted tax laws to the taxable income for that year, the net change during the year in our deferred tax assets and liabilities, and the net change during the year in any valuation allowances.

We assess our income tax positions and record tax benefits for all years subject to examination based upon management’s evaluation of the facts, circumstances, and information available at the reporting dates. For those uncertain tax positions where it is “more likely than not” that a tax benefit will be sustained, we have recorded the largest amount of tax benefit with a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not “more likely than not” that a tax benefit will be sustained, no tax benefit has been recognized in the consolidated financial statements. Where applicable, associated interest is also recognized and recorded in interest expense.

SUPPLEMENTAL CASH FLOW INFORMATION:

Interest paid in cash approximated $7.0 million for the fiscal year ended December 31, 2011, $7.8 million for the fiscal year ended January 1, 2011, and $10.5 million for the fiscal year ended January 2, 2010. Income taxes paid in cash approximated $61.6 million for the fiscal year ended December 31, 2011, $71.7 million for the fiscal year ended January 1, 2011, and $54.6 million for the fiscal year ended January 2, 2010.

EARNINGS PER SHARE:

The Company calculates basic and diluted net income per common share in accordance with accounting guidance which requires earnings per share to be calculated pursuant to the two-class method for unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid).

Basic net income per share is calculated by dividing net income for the period by the weighted-average common shares outstanding for the period. Diluted net income per share includes the effect of dilutive instruments, such as stock options and restricted stock awards, and uses the average share price for the period in determining the number of shares that are to be added to the weighted-average number of shares outstanding.

For the fiscal years ended December 31, 2011, January 1, 2011, and January 2, 2010, antidilutive shares of 935,050, 599,000, and 1,035,500 respectively, were excluded from the computations of diluted earnings per share.

The following is a reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding:

	For the fiscal years ended
	December 31, 2011			January 1, 2011			January 2, 2010

Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding		57,513,748			58,135,868			56,653,460
Dilutive effect of unvested restricted stock		129,262			117,708			119,886
Dilutive effect of stock options		571,907			762,473			1,574,378
Diluted number of common and common equivalent shares outstanding		58,214,917			59,016,049			58,347,724

Basic net income per common share:
Net income	$	114,016,000		$	146,472,000		$	115,640,000
Income allocated to participating securities		(1,210,944	)		(1,202,948	)		(910,980	)
Net income available to common shareholders	$	112,805,056		$	145,269,052		$	114,729,020

Basic net income per common share	$	1.96		$	2.50		$	2.03

Diluted net income per common share:
Net income	$	114,016,000		$	146,472,000		$	115,640,000
Income allocated to participating securities		(1,199,147	)		(1,187,501	)		(886,537	)
Net income available to common shareholders	$	112,816,853		$	145,284,499		$	114,753,463

Diluted net income per common share	$	1.94		$	2.46		$	1.97

EMPLOYEE BENEFIT PLANS:

The Company accounts for its employee benefit plans in accordance with accounting guidance on defined benefit pension and other post-retirement plans which requires an employer to recognize the over-funded or under-funded status of a defined benefit post-retirement plan (other than a multi-employer plan) as an asset or liability on its balance sheet. It also requires an employer to recognize as a component of other comprehensive income, net of tax, the gains or losses and prior service costs or credits that arise during the period but are not recognized as components of net periodic benefit cost pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 715-30. These costs are then subsequently recognized as components of net periodic benefit cost in the consolidated statement of operations.

We adjusted accumulated other comprehensive (loss) income related to the Company’s post-retirement benefit obligations by approximately $98,000, or $62,000, net of tax, in fiscal 2011, $0.3 million, or $0.2 million, net of tax, in fiscal 2010, and $0.2 million, or $0.1 million, net of tax, in fiscal 2009 to reflect changes in underlying assumptions including projected claims and population. In addition, the Company recorded an unrealized loss of $9.9 million, or $6.2 million, net of tax, in fiscal 2011, an unrealized gain of $1.8 million, or $1.1 million, net of tax, in fiscal 2010, and an unrealized gain of $3.7 million, or $2.3 million, net of tax, during fiscal 2009 to the OshKosh pension plan asset and accumulated other comprehensive (loss) income to reflect changes in the funded status of this plan.

RECENT ACCOUNTING PRONOUNCEMENTS:

In May 2011, the FASB issued updated accounting guidance related to fair value measurements and disclosures that result in common fair value measurements and disclosures between GAAP and International Financial Reporting Standards. This guidance includes amendments that clarify the intent about the application of existing fair value measurements and disclosures, while other amendments change a principle or requirement for fair value measurements or disclosures. This guidance is effective for interim and annual periods beginning after December 15, 2011. The Company does not believe the adoption of this guidance will have a material impact on its consolidated financial statements.

In June 2011, the FASB issued guidance to amend the presentation of comprehensive income to allow an entity the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. The guidance eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity. This guidance is effective for interim and annual periods beginning after December 15, 2011, and is to be applied retrospectively. The Company will include such disclosures in our first quarter of fiscal 2012 quarterly report.

In September 2011, the FASB issued new guidance on testing goodwill for impairment. This guidance gives companies the option to perform a qualitative assessment to first assess whether the fair value of a reporting unit is less than its carrying amount. If an entity determines it is not more likely than not that the fair value of the reporting unit is less than its carrying amount, then performing the two-step impairment test is unnecessary. This guidance is effective for fiscal years beginning after December 15, 2011. The Company does not believe the adoption of this guidance will have a material impact on its consolidated financial statements.

ACQUISITION OF BONNIE TOGS

12 Months Ended

Dec. 31, 2011

Business Combinations [Abstract]

ACQUISITION OF BONNIE TOGS

NOTE 3 – ACQUISITION OF BONNIE TOGS:

As noted above, on June 30, 2011, Northstar purchased all of the outstanding shares of capital stock of Bonnie Togs for total consideration of up to CAD $95 million, of which USD $61.2 million was paid in cash at closing. Such payment is subject to post-closing adjustments, which we expect to be finalized in the first quarter of fiscal 2012. The sellers may also be paid contingent consideration ranging from zero to CAD $35 million if the Canadian business meets certain earnings targets for the period beginning July 1, 2011 and ending on June 27, 2015. Sellers may receive a portion of the contingent consideration of up to CAD $25 million if interim earnings targets are met through June 2013 and June 2014, respectively. Any such payments are not recoverable by the Company in the event of any failure to meet overall targets.

As of July 2, 2011, the Company had a discounted contingent consideration liability of approximately $24.3 million based upon the high probability that Bonnie Togs will attain its earnings targets. The fair value of the discounted contingent consideration liability as of December 31, 2011 was approximately $25.6 million and is included in other long-term liabilities on the accompanying audited consolidated balance sheet. The $1.2 million change in the fair value of the liability is reflected as $2.5 million in accretion expense and $1.3 million in other comprehensive income resulting from a favorable foreign currency translation adjustment. The Company determined the fair value of the contingent consideration based upon a probability-weighted discounted cash flow analysis. The Company will continue to revalue the contingent consideration at each reporting date.

The following table summarizes the fair values of the assets acquired and liabilities assumed at June 30, 2011, the date of the Acquisition:

(U.S. dollars in thousands)

Current assets	$	40,668
Property, plant, and equipment		13,485
Bonnie Togs Goodwill		54,982
Bonnie Togs tradename		623
Non-compete agreements		311
Total assets acquired		110,069
Current liabilities		18,231
Non-current liabilities		6,693
Total liabilities assumed		24,924
Net assets acquired	$	85,145

In connection with the Acquisition, the Company recorded total acquired intangible assets of approximately $55.9 million, including $55.0 million of Bonnie Togs goodwill, $0.6 million related to the Bonnie Togs tradename (life of two years), and $0.3 million related to non-compete agreements for certain executives (life of four years).

The following unaudited pro forma summary presents information as if Bonnie Togs had been acquired at the beginning of the periods presented with financing obtained as described above and assumes that there were no other changes in our operations. The pro forma information does not necessarily reflect the actual results that would have occurred had the Company been combined during the periods presented, nor is it necessarily indicative of the future results of operations of the combined companies.


	For the fiscal year ended
(dollars in thousands, except share data)	December 31, 2011		January 1, 2011

Pro forma net sales	$	2,156,000	$	1,840,000
Pro forma net income	$	121,000	$	150,000
Pro forma basic earnings per share	$	2.09	$	2.55
Pro forma diluted earnings per share	$	2.07	$	2.51

Included in the pro forma results shown above for the fiscal year ended January 1, 2011, is a pre-tax charge of $6.7 million related to the amortization of the step-up of acquired Bonnie Togs inventory to fair value.

Included in our results for fiscal 2011, was Bonnie Togs net sales of $76.6 million and net income of $3.8 million for the period from July 1, 2011 through December 31, 2011.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 88-16
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 51, 52
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Appendix F
-Paragraph F4
-Subparagraph e

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 67-73
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6911361&loc=d3e6927-128479

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+ Details

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

PROPERTY, PLANT AND EQUIPMENT [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 4 – PROPERTY, PLANT, AND EQUIPMENT:

Property, plant, and equipment consisted of the following:

(dollars in thousands)	December 31, 2011			January 1, 2011
Retail store fixtures, equipment, and computers	$	166,574		$	146,013
Land, buildings, and improvements		96,770			66,099
Marketing fixtures		15,351			19,679
Construction in progress		11,705			5,264
		290,400			237,055
Accumulated depreciation and amortization		(168,054	)		(142,087	)
Total	$	122,346		$	94,968

Depreciation and amortization expense was approximately $32.5 million for the fiscal year ended December 31, 2011, $30.0 million for the fiscal year ended January 1, 2011, and $28.6 million for the fiscal year ended January 2, 2010.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details

LONG-TERM DEBT

12 Months Ended

Dec. 31, 2011

LONG-TERM DEBT [Abstract]

LONG-TERM DEBT

NOTE 5 – LONG-TERM DEBT:

Long-term debt consisted of the following:

(dollars in thousands)	December 31, 2011		January 1, 2011
Revolving credit facility	$	236,000	$	236,000
Current maturities		--		--
Total long-term debt	$	236,000	$	236,000

On October 15, 2010, the Company entered into a $375 million ($130 million sub-limit for letters of credit and a swing line sub-limit of $40 million) revolving credit facility with Bank of America as sole lead arranger and administrative agent, JP Morgan Chase Bank as syndication agent, and other financial institutions. This revolving credit facility was immediately drawn upon to pay off the Company’s former term loan of $232.2 million and pay transaction fees and expenses of $3.8 million, leaving approximately $130 million available under the revolver for future borrowings (net of letters of credit of approximately $8.6 million). In connection with the repayment of the Company’s former term loan, in the fourth quarter of fiscal 2010 the Company wrote off approximately $1.2 million in unamortized debt issuance costs. In addition, in connection with the revolving credit facility, the Company recorded $3.5 million of debt issuance costs to be amortized over the term of the revolving credit facility (five years). On December 22, 2011, the Company and lenders amended and restated the revolving credit facility to, among other things, provide a U.S. dollar revolving facility of $340 million ($130 million sub-limit for letters of credit and a swing line sub-limit of $40 million) and a $35 million multicurrency revolving facility ($15 million sub-limit for letters of credit and a swing line sub-limit of $5 million), which is available for borrowings by either The William Carter Company (“TWCC”) or our Canadian subsidiary, in U.S. dollars or Canadian dollars. The term of the revolving credit facility expires October 15, 2015. At December 31, 2011, we had approximately $236.0 million in revolver borrowings (fair value approximates book value), exclusive of $14.9 million of outstanding letters of credit, at an effective interest rate of 2.5%.

The revolving credit facility provides for two pricing options for U.S. dollar facility revolving loans: (i) revolving loans on which interest is payable quarterly at a base rate equal to the highest of (x) the Federal Funds Rate plus ½ of 1%, (y) the rate of interest in effect for such day as publicly announced from time to time by Bank of America, N.A. as its prime rate, or (z) the Eurodollar Rate plus 1%, plus, in each case, an applicable margin initially equal to 1.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 1.00% to 1.50% and (ii) revolving loans on which interest accrues for one, two, three, six or if, generally available, nine or twelve month interest periods (but is payable not less frequently than every three months) at a rate of interest per annum equal to an adjusted British Bankers Association LIBOR rate, plus an applicable margin initially equal to 2.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 2.00% to 2.50%.

The revolving credit facility also provides for two pricing options for multicurrency facility revolving loans denominated in U.S. dollars: (i) revolving loans on which interest is payable quarterly at a base rate equal to the highest of (x) the Federal Funds Rate plus ½ of 1%, (y) the rate of interest in effect for such day as publicly announced from time to time by Bank of America, N.A., Canada Branch in Toronto as its reference rate for loans in U.S. dollars to its Canadian borrowers, or (z) the Eurodollar Rate plus 1%, plus, in each case, an applicable margin initially equal to 1.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 1.00% to 1.50% and (ii) revolving loans on which interest accrues for one, two, three, six or if, generally available, nine or twelve month interest periods (but is payable not less frequently than every three months) at a rate of interest per annum equal to an adjusted British Bankers Association LIBOR rate, plus an applicable margin initially equal to 2.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 2.00% to 2.50%.

In addition, the revolving credit facility provides for two pricing options for multicurrency facility revolving loans denominated in Canadian dollars: (i) revolving loans on which interest is payable quarterly at a base rate equal to the highest of (x) the rate of interest in effect for such day as publicly announced from time to time by Bank of America, N.A., Canada Branch in Toronto as its prime rate for loans in Canadian Dollars to Canadian Borrowers and (y) the rate of interest in effect for such day for Canadian dollar bankers’ acceptances having a term of one month that appears on the Reuters Screen CDOR Page plus ½ of 1%, plus, in each case, an applicable margin initially equal to 1.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 1.00% to 1.50%, and (ii) revolving loans on which interest accrues for one, two, three, six or if, generally available, nine or twelve month interest periods (but is payable not less frequently than every three months) at a rate of interest per annum equal to an adjusted British Bankers Association LIBOR rate, plus an applicable margin initially equal to 2.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 2.00% to 2.50%. Amounts outstanding under the revolving credit facility currently accrue interest at a LIBOR rate plus 2.25%.

The revolving credit facility contains and defines financial covenants, including a lease adjusted leverage ratio (defined as, with certain adjustments, the ratio of the Company’s consolidated indebtedness plus six times rent expense to consolidated net income before interest, taxes, depreciation, amortization, and rent expense (“EBITDAR”)) to exceed (x) if such period ends on or before December 31, 2014, 3.75:1.00 and (y) if such period ends after December 31, 2014, 3.50:1.00; and consolidated fixed charge coverage ratio (defined as, with certain adjustments, the ratio of consolidated EBITDAR to consolidated fixed charges (defined as interest plus rent expense)), for any such period to be less than 2.75:1.00. As of December 31, 2011, the Company believes it was in compliance with its financial debt covenants.

Provisions in our senior credit facility currently restrict the ability of our operating subsidiary, TWCC, from paying cash dividends to our parent company, Carter’s, Inc., in excess of $15.0 million unless TWCC and its consolidated subsidiaries meet certain leverage ratio and minimum availability requirements under the credit facility, which materially restricts Carter’s, Inc. from paying cash dividends on our common stock. We do not anticipate paying cash dividends on our common stock in the foreseeable future but intend to retain future earnings, if any, for reinvestment in the future operation and expansion of our business and related development activities. Any future decision to pay cash dividends will be at the discretion of our Board of Directors and will depend upon our financial condition, results of operations, terms of financing arrangements, capital requirements, and any other factors as our Board of Directors deems relevant.

On November 17, 2009, the Company obtained a waiver to its former senior credit facility which waived defaults resulting from the untimely filing of the Company’s third quarter of fiscal 2009 financial statements and the restatement of prior period financial statements. The waiver resulted in a fee of approximately $450,000 and required the Company to deliver to the lenders the restatement of prior period financial statements and the third quarter of fiscal 2009 financial statements by January 15, 2010. The Company complied with the terms of the waiver. The Company’s third quarter of fiscal 2009 financial statements and the prior period restated financial statements were filed with the Securities and Exchange Commission on January 15, 2010. The Company complied with the terms of the waiver and was in compliance with its debt covenants as of January 15, 2010.

The former senior credit facility required us to hedge at least 25% of our variable rate debt under the former term loan. The Company historically entered into interest rate swap agreements to hedge the risk of interest rate fluctuations. These interest rate swap agreements were designated as cash flow hedges of the variable interest payments on a portion of our variable rate former term loan debt. In connection with the repayment of the Company’s former term loan in October 2010, the Company terminated its two remaining interest rate swap agreements totaling $100.0 million originally scheduled to mature in January 2011. During fiscal 2010 and 2009, we recorded approximately $1.7 million and $2.5 million, respectively, in interest expense related to our swap agreements.

On May 25, 2006, we entered into an interest rate collar agreement with a floor of 4.3% and a ceiling of 5.5%. The collar covered $100 million of our variable rate former term loan debt and was designated as a cash flow hedge of the variable interest payments on such debt. The collar matured on January 31, 2009. In fiscal 2009, we recorded $0.5 million in interest expense related to the collar.

COMMON STOCK	12 Months Ended
COMMON STOCK	Dec. 31, 2011
COMMON STOCK [Abstract]
COMMON STOCK	NOTE 6 – COMMON STOCK: As of December 31, 2011, the total amount of Carter’s, Inc.’s authorized capital stock consisted of 150,000,000 shares of common stock, $0.01 par value per share, and 100,000 shares of preferred stock, $0.01 par value per share. As of December 31, 2011, 58,595,421 shares of common stock and no shares of preferred stock were outstanding. During fiscal 2011, the Company issued 38,520 shares of common stock at a fair market value of $30.38, to its non-management board members and recognized approximately $1.2 million in stock-based compensation expense. During fiscal 2010, the Company issued 24,032 and 2,115 shares of common stock at a fair market value of $33.29 and $23.65, respectively, to its non-management board members and recognized approximately $850,000 in stock-based compensation expense. During fiscal 2009, we issued 33,656 and 748 shares of common stock at a fair market value of $20.80 and $22.29, respectively, to its non-management board members and recognized $720,000 in stock-based compensation expense. We received no proceeds from the issuance of these shares. During fiscal 2007, the Company’s Board of Directors approved a share repurchase authorization, pursuant to which the Company was authorized to purchase up to $100 million of its outstanding common shares. During fiscal 2010, the Company’s Board of Directors approved a share repurchase authorization, pursuant to which the Company is authorized to purchase up to an additional $100 million of its outstanding common shares. As of August 13, 2010, the Company had repurchased outstanding shares in the amount totaling the entire $100 million authorized by the Board of Directors on February 16, 2007. The Company did not repurchase any shares of its common stock during fiscal 2011 and fiscal 2009 pursuant to any repurchase authorization. During fiscal 2010, the Company repurchased and retired 2,058,830 shares, or approximately $50.0 million, of its common stock at an average price of $24.29 per share. Since inception of the repurchase program and through fiscal 2011, the Company repurchased and retired 6,658,410 shares, or approximately $141.1 million, of its common stock at an average price of $21.19 per share. We have reduced common stock by the par value of such shares repurchased and have deducted the remaining excess repurchase price over par value from additional paid-in capital. Future repurchases may occur from time to time in the open market, in 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. The issued and outstanding shares of common stock are validly issued, fully paid, and nonassessable. Holders of our common stock are entitled to share equally, share for share, if dividends are declared on our common stock, whether payable in cash, property, or our securities. The shares of common stock are not convertible and the holders thereof have no preemptive or subscription rights to purchase any of our securities. Upon liquidation, dissolution, or winding up of our Company, the holders of common stock are entitled to share equally, share for share, in our assets which are legally available for distribution, after payment of all debts and other liabilities and subject to the prior rights of any holders of any series of preferred stock then outstanding. Each outstanding share of common stock is entitled to one vote on all matters submitted to a vote of stockholders. There is no cumulative voting. Except as otherwise required by law or the certificate of incorporation, the holders of common stock vote together as a single class on all matters submitted to a vote of stockholders.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 4
-Section 08
-Paragraph d

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Chapter 1
-Section B
-Paragraph 7, 11A
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 2, 3, 4, 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Paragraph 1
-Subparagraph (SX 210.3-04)
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 18: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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Reference 20: http://www.xbrl.org/2003/role/presentationRef
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Reference 21: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 22: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
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-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187143-122770

+ Details

STOCK BASED COMPENSATION

12 Months Ended

Dec. 31, 2011

STOCK BASED COMPENSATION [Abstract]

STOCK - BASED COMPENSATION

NOTE 7 – STOCK-BASED COMPENSATION:

Our Board of Directors may issue preferred stock from time to time. Subject to the provisions of our certificate of incorporation and limitations prescribed by law, the Board of Directors is expressly authorized to adopt resolutions to issue the shares, to fix the number of shares, and to change the number of shares constituting any series and to provide for or change the voting powers, designations, preferences and relative participating, optional or other special rights, qualifications, limitations or restrictions thereof, including dividend rights (including whether dividends are cumulative), dividend rates, terms of redemption (including sinking fund provisions), redemption prices, conversion rights, and liquidation preferences of the shares constituting any series of the preferred stock, in each case without any further action or vote by the shareholders.

Under the Company’s Amended and Restated Equity Incentive Plan (the “Plan”), the compensation committee of our Board of Directors may award incentive stock options (ISOs and non-ISOs), stock appreciation rights (SARs), restricted stock, unrestricted stock, stock deliverable on a deferred basis (including restricted stock units), and performance-based stock awards intended to help defray the cost of awards.

At the Company’s May 13, 2011 shareholders’ meeting, the shareholders approved a proposal to amend the Plan to (i) increase the maximum number of shares of stock available under the existing Plan by 3,725,000 shares from 12,053,392 shares to 15,778,392 shares and (ii) eliminating the Company’s ability to grant cash awards and provide tax gross-ups under the Plan. As of December 31, 2011, there are 4,084,290 shares available for grant under the Plan. The Plan makes provision for the treatment of awards upon termination of service or in the case of a merger or similar corporate transaction. Participation in the Plan is limited to Directors and those key employees selected by the compensation committee.

The limit on shares available under the Plan, the individual limits, and other award terms are subject to adjustment to reflect stock splits or stock dividends, combinations, and certain other events. All stock options issued under the Plan expire no later than ten years from the date of grant. The Company believes that the current level of authorized shares is sufficient to satisfy future option exercises.

Stock options issued prior to May 12, 2005 vested in equal annual installments over a five-year period. Stock options granted on and subsequent to May 12, 2005 vest in equal annual installments over a three- or four-year period.

In accordance with accounting guidance on share-based payments, the Company has recorded stock-based compensation expense (as a component of selling, general, and administrative expenses) in the amount of approximately $9.6 million, $7.3 million, and $6.8 million related to stock awards for the fiscal years ended December 31, 2011, January 1, 2011, and January 2, 2010, respectively.

Stock Options

A summary of stock option activity under the Plan (in number of shares that may be purchased) is as follows for the fiscal year ended December 31, 2011:

	Stock options			Weighted- average exercise price per share		Weighted-average grant-date fair value

Outstanding, January 1, 2011		2,471,486		$	16.75	$	7.17

Granted		467,200		$	29.08	$	11.85
Exercised		(821,336	)	$	8.26	$	3.52
Forfeited		(108,450	)	$	23.83	$	10.01
Expired		(16,200	)	$	33.42	$	14.69

Outstanding, December 31, 2011		1,992,700		$	22.62	$	9.55

Exercisable, December 31, 2011		1,045,638		$	19.53	$	8.46

During fiscal 2011, the Company granted 467,200 stock options. In connection with these grants of stock options, the Company recognized approximately $931,000 in stock-based compensation expense during the fiscal year ended December 31, 2011.

A summary of stock options outstanding and exercisable at December 31, 2011 is as follows:

Outstanding										Exercisable
Range of exercise prices		Number		Weighted- average remaining contractual life		Weighted-average exercise price		Weighted-average grant-date fair value		Number		Weighted- average remaining contractual life		Weighted-average exercise price		Weighted-average grant-date fair value

$	3 – $ 7		75,000		1.31	$	6.14	$	4.25		75,000		1.31	$	6.14	$	4.25
$	13 – $19		761,200		5.38	$	16.57	$	6.99		539,450		4.77	$	16.13	$	6.84
$	20 – $25		234,100		5.64	$	22.67	$	9.37		215,288		5.43	$	22.67	$	9.41
$	26 – $29.5		739,400		8.28	$	28.11	$	11.94		140,250		6.99	$	27.54	$	11.92
$	30 – $40		183,000		7.24	$	32.26	$	12.98		75,650		4.22	$	33.31	$	15.11
			1,992,700		6.51	$	22.62	$	9.55		1,045,638		4.91	$	19.53	$	8.46

At December 31, 2011, the aggregate intrinsic value of all outstanding stock options was approximately $34.3 million and the aggregate intrinsic value of currently exercisable stock options was approximately $21.2 million. The intrinsic value of stock options exercised during the fiscal year ended December 31, 2011 was approximately $18.9 million. At December 31, 2011, the total estimated compensation cost related to non-vested stock options not yet recognized was approximately $7.1 million with a weighted-average expense recognition period of 2.59 years.

The fair value of each stock option grant is estimated on the date of grant using the Black-Scholes option pricing method with the following weighted-average assumptions used for grants issued:

	For the fiscal years ended
	December 31, 2011			January 1, 2011			January 2, 2010

Volatility		34.98	%		34.57	%		35.75	%
Risk-free interest rate		2.62	%		3.02	%		2.54	%
Expected term (years)		6.7			7.0			7.0
Dividend yield		--			--			--
Grant-date fair value	$	11.85		$	11.80		$	7.78

Restricted Stock Awards

Restricted stock and restricted stock units (collectively, “restricted stock awards”) issued under the Plan vest based upon continued service or performance targets. The fair value of restricted stock awards is determined based on the quoted closing price of our common stock on the date of grant. Restricted stock awards vest in equal annual installments or cliff vest after a three- or four-year period.

The following table summarizes our restricted stock award activity during the fiscal year ended December 31, 2011:

	Restricted stock awards			Weighted-average grant-date fair value

Outstanding, January 1, 2011		481,413		$	22.21
Granted		391,000		$	28.85
Vested		(200,537	)	$	20.82
Forfeited		(54,475	)	$	25.00
Outstanding, December 31, 2011		617,401		$	26.63

During the fiscal year ended December 31, 2011, the Company granted 391,000 shares of restricted stock to employees. Stock-based compensation expense recorded during the fiscal year ended December 31, 2011 for all restricted stock awards totaled approximately $4.9 million. The total amount of estimated compensation expense related to unvested restricted stock awards is approximately $12.0 million as of December 31, 2011.

During the fiscal year ended January 3, 2009, the Company granted our Chief Executive Officer 75,000 shares of performance-based restricted stock at a fair market value of $17.92. As of December 31, 2011, the performance targets were met and 75% of this grant has vested. Vesting of the remaining unvested restricted shares is contingent upon continued employment through fiscal 2012.

During the fiscal year ended December 31, 2011, the Company granted our Chief Executive Officer 80,000 performance-based restricted shares at a fair market value of $28.39. Vesting of these shares is contingent upon meeting specific performance targets through fiscal 2014. Currently, the Company believes that these targets will be achieved and, accordingly, we will continue to record compensation expense until the restricted shares vest or the Company’s assessment of achievement of the performance criteria changes.

Unrecognized stock-based compensation expense related to outstanding unvested stock options and unvested restricted stock awards are expected to be recorded as follows:

(dollars in thousands)	Stock options		Restricted stock awards		Total

2012	$	3,103	$	4,877	$	7,980
2013		2,389		3,859		6,248
2014		1,390		2,728		4,118
2015		245		513		758
Total	$	7,127	$	11,977	$	19,104

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

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-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

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-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

+ Details

EMPLOYEE BENEFIT PLANS

12 Months Ended

Dec. 31, 2011

EMPLOYEE BENEFIT PLANS [Abstract]

EMPLOYEE BENEFIT PLANS

NOTE 8 – EMPLOYEE BENEFIT PLANS:

Under a defined benefit plan frozen in 1991, we offer a comprehensive post-retirement medical plan to current and certain future retirees and their spouses until they become eligible for Medicare or a Medicare Supplement Plan. We also offer life insurance to current and certain future retirees. Employee contributions are required as a condition of participation for both medical benefits and life insurance.

The following is a reconciliation of the Accumulated Post-Retirement Benefit Obligation (“APBO”) under this plan:

	For the fiscal years ended
(dollars in thousands)	December 31, 2011			January 1, 2011
Benefit Obligation (APBO) at beginning of period	$	7,405		$	8,045
Service cost		130			73
Interest cost		390			426
Actuarial loss (gain)		49			(607	)
Plan participants’ contribution		43			--
Benefits paid		(682	)		(532	)

APBO at end of period	$	7,335		$	7,405

Our contribution for these post-retirement benefit obligations was $639,000 in fiscal 2011, $532,000 in fiscal 2010, and $484,000 in fiscal 2009. We expect that our contribution and benefit payments for post-retirement benefit obligations each year from fiscal 2012 through fiscal 2016 will be approximately $600,000. We do not pre-fund this plan and as a result there are no plan assets. The measurement date used to determine the post-retirement benefit obligations is as of the end of the fiscal year.

Post-retirement benefit obligations under the plan are measured on a discounted basis at an assumed discount rate. The discount rate used at December 31, 2011 was determined with primary consideration given to the Citigroup Pension Discount and Liability index adjusted for the timing of expected plan distributions. We believe this index reflects a risk-free rate with maturities that are comparable to the timing of the expected payments under the plan. The discount rate used at January 1, 2011 was determined with consideration given to the Citigroup Pension Discount and Liability index, as well as the Moody’s Aa Corporate Bond rate, and the Barclay Capital Aggregate Bond index, adjusted for the timing of expected plan distributions. The discount rates used in determining the APBO were as follows:

		December 31, 2011				January 1, 2011
Discount rates			4.0	%			5.5	%

In conjunction with the closure of our Barnesville, Georgia distribution facility (as discussed in Note 16), the Company experienced a partial plan curtailment in fiscal 2009 for its post-retirement medical plan for future retirees working in the facility prior to the plan becoming frozen in 1991. In conjunction with this partial curtailment, a curtailment gain of $0.6 million has been recognized as income in the fiscal year ended January 2, 2010.

The components of post-retirement benefit expense charged to operations are as follows:

	For the fiscal years ended
(dollars in thousands)	December 31, 2011			January 1, 2011			January 2, 2010
Service cost – benefits attributed to service during the period	$	130		$	73		$	91
Interest cost on accumulated post-retirement benefit obligation		390			426			452
Amortization of net actuarial gain		(49	)		(22	)		(27	)
Curtailment gain		--			--			(579	)
Total net periodic post-retirement benefit cost (gain)	$	471		$	477		$	(63	)

The discount rates used in determining the net periodic post-retirement benefit costs were as follows:

	For the fiscal years ended
	December 31, 2011			January 1, 2011			January 2, 2010
Discount rates		5.5	%		5.5	%		5.5	%

The effects on our plan of all future increases in health care costs are borne primarily by employees; accordingly, increasing medical costs are not expected to have any material effect on our future financial results.

We have an obligation under a defined benefit plan covering certain former officers and their spouses. At December 31, 2011 and January 1, 2011, the present value of the estimated remaining payments under this plan was approximately $0.6 million and is included in other current and long-term liabilities in the accompanying audited consolidated balance sheets.

The retirement benefits under the OshKosh B’Gosh pension plan were frozen as of December 31, 2005. The Company’s investment strategy is to invest in a well diversified portfolio consisting of 12-14 mutual funds or group annuity contracts that minimize concentration of risks by utilizing a variety of asset types, fund strategies, and fund managers. The target allocation for plan assets is 50% equity securities, 42% intermediate term debt securities, and 8% real estate investments.

Equity securities primarily include funds invested in large-cap and mid-cap companies, primarily located in the United States, with up to 5% of the plan assets invested in international equities. Fixed income securities include funds holding corporate bonds of companies from diverse industries, and U.S. Treasuries. Real estate funds include investments in actively managed commercial real estate projects located in the United States.

The fair value hierarchy for disclosure of fair value measurements is as follows:

Level 1	- Quoted prices in active markets for identical assets or liabilities

Level 2	- Quoted prices for similar assets and liabilities in active markets or inputs that are observable

Level 3	- Inputs that are unobservable (for example, cash flow modeling inputs based on assumptions)

The fair value of the Company’s pension plan assets at December 31, 2011 and January 1, 2011 by asset category were as follows:

	December 31, 2011						January 1, 2011

(dollars in thousands) Asset Category	Total		Quoted prices in active markets for identical assets (level 1)		Significant observable inputs (level 2)		Total		Quoted prices in active markets for identical assets (level 1)		Significant observable inputs (level 2)

Cash and cash equivalents	$	97	$	--	$	97	$	90	$	--	$	90
Equity Securities:
U.S. Large-Cap (a)		9,752		4,889		4,863		11,217		7,485		3,732
U.S. Large-Cap growth		4,883		4,883		--		3,748		3,748		--
U.S. Mid-Cap blend		2,265		--		2,265		2,306		--		2,306
U.S. Small-Cap blend		2,247		2,247		--		2,280		2,280		--
International blend		2,114		2,114		--		2,161		2,161		--
Fixed income securities:
Corporate bonds (b)		17,548		17,548		--		17,684		17,684		--
Real estate (c)		3,564		3,564		--		3,632		1,164		2,468
	$	42,470	$	35,245	$	7,225	$	43,118	$	34,522	$	8,596

(a) This category comprises low-cost equity index funds not actively managed that track the S&P 500.

(b) This category invests in both U.S. Treasuries and mid-term corporate debt from U.S. issuers from diverse industries.

During fiscal 2011 and 2010, the Company reinvested approximately $2.6 million and $10.2 million, respectively, of Level 2 investments into Level 1 mutual funds to further diversify its investment portfolio and limit its investment in group annuity contracts.

Pension liabilities are measured on a discounted basis at an assumed discount rate. The discount rate used at and December 31, 2011 and January 1, 2011 was determined with consideration given to Citigroup Pension Discount and Liability index, the Barclay Capital Aggregate Bond index, and the Moody’s Aa Corporate Bond rate, adjusted for the timing of expected plan distributions. We believe these indexes reflect a risk-free rate with maturities that are comparable to the timing of the expected payments under the plan. The expected long-term rate of return assumption considers historic returns adjusted for changes in overall economic conditions that may affect future returns and a weighting of each investment class. The actuarial computations utilized the following assumptions, using year-end measurement dates:

Benefit obligation	2011			2010
Discount rate		4.5	%		5.5	%


Net periodic pension cost		2011			2010		2009
Discount rate		5.5	%		5.5	%	5.5	%
Expected long-term rate of return on assets		7.5	%		7.5	%	8.0	%

The net periodic pension (benefit) cost included in the statement of operations was comprised of:

	For the fiscal years ended
(dollars in thousands)	December 31, 2011			January 1, 2011			January 2, 2010
Interest cost	$	2,454		$	2,392		$	2,270
Expected return on plan assets		(3,112	)		(2,875	)		(2,612	)
Recognized actuarial loss (gain)		1			135			411
Net periodic pension (benefit) cost	$	(657	)	$	(348	)	$	69

A reconciliation of changes in the projected pension benefit obligation and plan assets is as follows:

	For the fiscal years ended
(dollars in thousands)	December 31, 2011			January 1, 2011
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	45,367		$	44,109
Interest cost		2,454			2,392
Actuarial loss		7,656			299
Benefits paid		(1,549	)		(1,433	)
Projected benefit obligation at end of year	$	53,928		$	45,367

Change in plan assets:
Fair value of plan assets at beginning of year	$	43,118		$	39,754
Actual return on plan assets		901			4,797
Benefits paid		(1,549	)		(1,433	)
Fair value of plan assets at end of year	$	42,470		$	43,118

Unfunded status:
Accrued benefit cost	$	(11,458	)	$	(2,249	)

A pension liability of approximately $11.5 million and $2.2 million is included in other long-term liabilities in the accompanying audited consolidated balance sheet for fiscal 2011 and 2010, respectively. We do not expect to make any contributions to the OshKosh defined benefit plan during fiscal 2012 as the plan's funding exceeds the minimum funding requirements.

The Company currently expects benefit payments for its defined benefit pension plans as follows for the next ten fiscal years.

(dollars in thousands) Fiscal Year
2012	$	1,740
2013	$	1,540
2014	$	1,450
2015	$	1,720
2016	$	1,910
2017-2021	$	12,990

We also sponsor a defined contribution plan within the United States. This plan covers employees who are at least 21 years of age and have completed three months of service, during which at least 250 hours were served. The plan provides for a discretionary employer match. Prior to April 2009, the plan provided for an employer match amounting to 100% on the first 3% employee contribution and 50% on the next 2% employee contribution. The Company’s expense for the defined contribution plan totaled approximately $4.6 million for the fiscal year ended December 31, 2011, $4.3 million for the fiscal year ended January 1, 2011, and $1.8 million for the fiscal year ended January 2, 2010.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph q
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 8
-Subparagraph m
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-2
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 30
-Paragraph 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

+ Details

INCOME TAXES

12 Months Ended

Dec. 31, 2011

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 9 – INCOME TAXES:

The provision for income taxes consisted of the following:

	For the fiscal years ended
(dollars in thousands)	December 31, 2011			January 1, 2011		January 2, 2010
Current tax provision:
Federal	$	48,141		$	74,310	$	57,740
State		4,550			7,332		7,453
Foreign		5,053			902		725
Total current provision		57,744			82,544		65,918
Deferred tax provision (benefit):
Federal		10,511			3,751		1,831
State		309			619		439
Foreign		(1,692	)		--		--
Total deferred provision		9,128			4,370		2,270
Total provision	$	66,872		$	86,914	$	68,188

The foreign portion of the current tax position relates to Canadian income taxes on our Canadian operations, subsequent to the Acquisition, and foreign tax withholdings related to our foreign royalty income. Of the $180.9 million of consolidated income before income taxes for fiscal 2011, $6.2 million is attributable to foreign income before taxes generated from our Canadian operations subsequent to the Acquisition and $174.7 million is attributable to domestic income before income taxes. There was no income or loss before taxes attributable to foreign income for the fiscal years ended January 1, 2011 and January 2, 2010.

The difference between our effective income tax rate and the federal statutory tax rate is reconciled below:

	For the fiscal years ended
	December 31, 2011			January 1, 2011			January 2, 2010

Statutory federal income tax rate		35.0	%		35.0	%		35.0	%
State income taxes, net of federal income tax benefit		2.6			2.6			2.9
Impact of foreign operations		(0.3	)		--			--
Settlement of uncertain tax positions		(1.0	)		(0.4	)		(0.8	)
Acquisition expenses		0.7			--			--
Total		37.0	%		37.2	%		37.1	%

The Company and its subsidiaries file income tax returns in the United States and in various states and local jurisdictions. The Company’s Canadian subsidiary, will file income tax returns in Canada and various Canadian provinces. The Internal Revenue Service completed its income tax audit for fiscal 2009 during fiscal 2011. The Company successfully reached a settlement on this audit without making a payment of additional tax. In most cases, the Company is no longer subject to state and local tax authority examinations for years prior to fiscal 2007.

In accordance with accounting guidance on uncertain tax positions, the following is a reconciliation of the beginning and ending amount of unrecognized tax benefits:

(dollars in thousands)
Balance at January 3, 2009	$	7,274
Additions based on tax positions related to fiscal 2009		2,002
Reductions for prior year tax positions		--
Reductions for lapse of statute of limitations		(402	)
Reductions for prior year tax settlements		(1,143	)
Balance at January 2, 2010		7,731
Additions based on tax positions related to fiscal 2010		2,150
Reductions for prior year tax positions		--
Reductions for lapse of statute of limitations		(1,200	)
Reductions for prior year tax settlements		--
Balance at January 1, 2011		8,681
Additions based on tax positions related to fiscal 2011		2,100
Reductions for prior year tax positions		--
Reductions for lapse of statute of limitations		(1,727	)
Reductions for prior year tax settlements		(709	)
Balance at December 31, 2011	$	8,345

During fiscal 2011, we recognized approximately $0.7 million in tax benefits consisting of $0.4 million related to the completion of the Internal Revenue Service audit for fiscal 2009 and approximately $0.3 million related to various state audit settlements. During fiscal 2010, we did not reach any audit settlements. During fiscal 2009, we recognized approximately $1.1 million in tax benefits due to the completion of the Internal Revenue Service audit for fiscal 2006 and 2007.

During the fiscal 2011, 2010, and 2009, we recognized tax benefits of approximately $1.7 million, $1.2 million, and $0.4 million, respectively, relating to reserves for which various state statutes of limitations expired.

All of the Company’s reserve for unrecognized tax benefits as of December 31, 2011, if ultimately recognized, will impact the Company’s effective tax rate in the period settled. The Company has recorded tax positions for which the ultimate deductibility is certain, but for which there is uncertainty about the timing of such deductions. Because of deferred tax accounting, changes in the timing of these deductions would not impact the annual effective tax rate, but would accelerate the payment of cash to the taxing authorities.

Included in the reserves for unrecognized tax benefits are approximately $2.0 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 impact our annual effective tax rate for fiscal 2012 and the effective tax rate in the quarter in which the benefits are recognized.

We recognize interest related to unrecognized tax benefits as a component of interest expense and penalties related to unrecognized tax benefits as a component of income tax expense. During the fiscal year ended December 31, 2011, the Company recognized a net reduction of interest expense of approximately $0.1 million, primarily related to unrecognized tax positions offset by the expiration of various state statutes of limitations and audit settlements. During the fiscal year ended January 1, 2011, the Company recognized a nominal amount of interest expense consisting of interest expense on unrecognized positions offset by the expiration of various state statute of limitations. During the fiscal year ended January 2, 2010, the Company recognized a net reduction in interest expense of approximately $0.1 million, primarily related to the successful resolution of the Internal Revenue Service audit for fiscal 2006 and 2007 in addition to the settlement of tax positions due to the expiration of the applicable statute of limitations. The Company had approximately $0.5 million and $0.6 million of interest accrued as of December 31, 2011 and January 1, 2011, respectively.

Components of deferred tax assets and liabilities were as follows:

(dollars in thousands)	December 31, 2011			January 1, 2011
Deferred tax assets:	Assets (Liabilities)
Accounts receivable allowance	$	5,611		$	8,664
Inventory		8,979			7,988
Accrued liabilities		5,834			10,024
Equity-based compensation		7,197			6,416
Deferred employee benefits		7,610			4,101
Deferred rent		11,765			6,137
Other		4,306			4,241
Total deferred tax assets	$	51,302		$	47,571

Deferred tax liabilities:
Depreciation	$	(23,892	)	$	(14,074	)
Tradename and licensing agreements		(113,976	)		(113,891	)
Other		(2,690	)		(1,876	)
Total deferred tax liabilities	$	(140,558	)	$	(129,841	)

The net deferred tax liability is classified on our accompanying audited consolidated balance sheets as follows:

(dollars in thousands)	December 31, 2011			January 1, 2011

	Assets (Liabilities)

Current net deferred tax asset	$	25,165		$	31,547
Non-current net deferred tax liability		(114,421	)		(113,817	)
Total deferred tax liability	$	(89,256	)	$	(82,270	)

We have not provided deferred taxes on undistributed earnings from our Canadian subsidiary, as the Company anticipates that these earnings will be reinvested indefinitely. Undistributed earnings from our Canadian subsidiary at December 31, 2011, amounted to approximately $6.2 million. These earnings have been reinvested in Canadian operations and we currently do not plan to initiate any action that would results in these earnings being repatriated to the U.S. Because of the availability of foreign tax credits, it is not practicable to determine the U.S. federal income tax liability that would be payable if such earnings were not reinvested indefinitely.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Section 50
-Paragraph 9
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

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-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

+ Details

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2011

FAIR VALUE MEASUREMENTS [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 10 – FAIR VALUE MEASUREMENTS:

The Company accounts for its fair value measurements in accordance with accounting guidance which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The fair value hierarchy for disclosure of fair value measurements is as follows:

Level 1	- Quoted prices in active markets for identical assets or liabilities

Level 2	- Quoted prices for similar assets and liabilities in active markets or inputs that are observable

Level 3	- Inputs that are unobservable (for example, cash flow modeling inputs based on assumptions)

The following table summarizes assets and liabilities measured at fair value on a recurring basis:

	December 31, 2011						January 1, 2011
(dollars in millions)	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3

Assets
Investments	$	50.2	$	--	$	--	$	226.5	$	--	$	--
Foreign exchange forward contracts		0.6		--		--		--		--		--

Liabilities
Revolving credit facility		236.0		--		--		--		--		--
Contingent consideration		--		--	$	25.6		--		--		--

At December 31, 2011, we had approximately $50.2 million of cash invested in money market deposit accounts.

At January 1, 2011, we had approximately $151.5 million of cash invested in money market deposit accounts and $75.0 million in U.S. Treasury bills.

On June 22, 2011, as part of the Acquisition, the Company entered into a forward foreign currency exchange contract to reduce its risk from exchange rate fluctuations on the purchase price of Bonnie Togs. The contract was settled on June 30, 2011 and a gain of $0.2 million was recognized in earnings. During fiscal 2011, the Company also recorded a $1.8 million gain on the mark-to-market of open foreign currency exchange contracts, a $0.4 million loss on settled foreign exchange contracts, and a $1.0 million loss on the remeasurement of Bonnie Togs’ foreign denominated payables.

In connection with the Acquisition, the Company acquired open forward foreign exchange contracts which were undesignated hedges used to reduce its risk from cash flows associated with U.S. dollar denominated inventory purchases. As part of its overall strategy to manage the level of exposure to the risk of foreign currency exchange rate fluctuations, primarily exposure to changes in the value of the U.S. dollar in relation to the Canadian dollar, the Company hedges a portion of its foreign currency exposures anticipated over the ensuing twelve-month period. The Company uses foreign exchange contracts that generally have maturities of up to 12 months to provide continuing coverage throughout the hedging period.

As of December 31, 2011, the Company had contracts for the purchase of $24.5 million of U.S. dollars at fixed rates. The fair value of these forward contracts was an asset of $0.6 million. The Company accounts for these foreign exchange contracts as undesignated positions in accordance with accounting standards on derivatives and hedging. As such, these positions are marked to fair value through earnings at each reporting date.

As of December 31, 2011, the fair value of the Company’s outstanding borrowings under the revolving credit facility of $236.0 million approximates book value.

The fair value of the discounted contingent consideration liability was approximately $25.6 million as of December 31, 2011. The $1.2 million change in fair value during fiscal 2011, reflects accretion expense of approximately $2.5 million partially offset by $1.3 million in accumulated other comprehensive income reflecting a favorable foreign currency translation adjustment. The Company determined the fair value of the contingent consideration based upon a probability-weighted discounted cash flow analysis.

The fair value of our derivative instruments in our accompanying audited consolidated balance sheets were as follows:

	Asset Derivatives			Liability Derivatives

(dollars in millions)	Balance sheet location	Fair value		Balance sheet location	Fair value

December 31, 2011	Prepaid expenses and other current assets	$	0.6	Other current liabilities	$	--
January 1, 2011	Prepaid expenses and other current assets	$	--	Other current liabilities	$	--

The effect of derivative instruments designated as cash flow hedges on our accompanying audited consolidated financial statements were as follows:

	For the fiscal years ended
	December 31, 2011				January 1, 2011
(dollars in thousands)	Amount of gain (loss) recognized in accumulated other comprehensive income (loss) on effective hedges		Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into interest expense		Amount of gain (loss) recognized in accumulated other comprehensive income (loss) on effective hedges		Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into interest expense

Interest rate hedge agreements	$	--	$	--	$	3,042	$	(1,713	)

The effect of undesignated derivative instruments on our accompanying audited consolidated financial statements was as follows:


	Gains recognized in earnings for the fiscal years ended
	Gains recognized in earnings for the fiscal years ended
(dollars in millions)	December 31, 2011		January 1, 2011

Foreign exchange forward contract	$	1.6	$	--

- Definition

Tabular disclosure of the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods. Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 33
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 6
-Footnote 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19190-110258

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-Publisher FASB
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-Topic 820
-SubTopic 10
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-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19296-110258

+ Details

LEASE COMMITMENTS

12 Months Ended

Dec. 31, 2011

LEASE COMMITMENTS [Abstract]

LEASE COMMITMENTS

NOTE 11 – LEASE COMMITMENTS:

Rent expense under operating leases was approximately $84.6 million for the fiscal year ended December 31, 2011, $70.1 million for the fiscal year ended January 1, 2011, and $65.2 million for the fiscal year ended January 2, 2010.

Minimum annual rental commitments under current noncancellable operating leases as of December 31, 2011 were as follows:

(dollars in thousands)
Fiscal Year	Buildings (primarily retail stores)		Distribution center equipment		Data processing equipment		Transportation equipment		Total noncancellable leases
2012	$	82,003	$	387	$	1,719	$	62	$	84,171
2013		77,861		38		1,021		46		78,966
2014		69,934		15		708		25		70,682
2015		58,008		--		222		20		58,250
2016		49,715		--		118		20		49,853
Thereafter		163,631		--		--		26		163,657
Total	$	501,152	$	440	$	3,788	$	199	$	505,579

We currently operate 529 leased retail stores located primarily in outlet and strip centers across the United States, having an average size of approximately 4,600 square feet. In addition, we operate 65 leased retail stores in Canada, having an average size of approximately 5,500 square feet. Generally, the majority of our leases have an average term of approximately ten years.

In accordance with accounting guidance on leases, we review all of our leases to determine whether they qualify as operating or capital leases. As of December 31, 2011, all of our leases are classified as operating. Leasehold improvements are amortized over the lesser of the useful life of the asset or current lease term. We account for free rent periods and scheduled rent increases on a straight-line basis over the lease term. Landlord allowances and incentives are recorded as deferred rent and are amortized as a reduction to rent expense over the lease term.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References + Details

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2011
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 12 – COMMITMENTS AND CONTINGENCIES: A shareholder class action lawsuit was filed on September 19, 2008 in the United States District Court for the Northern District of Georgia entitled Plymouth County Retirement System v. Carter’s, Inc., No. 1:08-CV-02940-JOF (the “Plymouth Action”). The Amended Complaint filed on May 12, 2009 in the Plymouth Action asserted claims under Sections 10(b), 20(a), and 20A of the 1934 Securities Exchange Act, and alleged that between February 1, 2006 and July 24, 2007, the Company and certain current and former executives made material misrepresentations to investors regarding the successful integration of OshKosh into the Company’s business, and that the share price of the Company’s stock later fell when the market learned that the integration had not been as successful as represented. Defendants in the Plymouth Action filed a motion to dismiss the Amended Complaint for failure to state a claim under the federal securities laws on July 17, 2009, and briefing of that motion was complete on October 22, 2009. A separate shareholder class action lawsuit was filed on November 17, 2009 in the United States District Court for the Northern District of Georgia entitled Mylroie v. Carter’s, Inc., No. 1:09-CV-3196-JOF (the “Mylroie Action”). The initial Complaint in the Mylroie Action asserted claims under Sections 10(b) and 20(a) of the 1934 Securities Exchange Act, and alleged that between April 27, 2004 and November 10, 2009, the Company and certain current and former executives made material misstatements to investors regarding the Company’s accounting for discounts offered to some wholesale customers. The Court consolidated the Plymouth Action and the Mylroie Action on November 24, 2009 (the “Consolidated Action”). On March 15, 2010, the plaintiffs in the Consolidated Action filed their amended and consolidated complaint. The Company filed a motion to dismiss on April 30, 2010, and briefing of the motion was complete on July 23, 2010. On March 16, 2011, the United States District Court for the Northern District of Georgia granted without prejudice the Company’s motion to dismiss all of the claims in the amended and consolidated complaint in the Consolidated Action for failure to state a claim under the federal securities laws. The plaintiffs filed a second amended and consolidated complaint on July 20, 2011. On December 21, 2011, the Company reached an agreement to settle the Consolidated Action for an amount which has been paid by the Company’s insurance providers. The settlement agreement includes no admission of liability or wrongdoing by the Company or by any other defendants and provides for a full and complete release of all related claims that were or could have been brought against the Company, its subsidiaries, and any and all current and former directors, officers, and employees of the Company and its subsidiaries. On January 19, 2012, the Court granted preliminary approval of the settlement and ordered that notice be provided to the proposed settlement class (as defined in the settlement agreement). The Court has scheduled a hearing for May 31, 2012 to determine whether the settlement will receive final approval. A shareholder derivative lawsuit was filed on May 25, 2010 in the Superior Court of Fulton County, Georgia, entitled Alvarado v. Bloom, No. 2010-cv-186118 (the “Alvarado Action”). The Complaint in the Alvarado Action alleged, among other things, that certain current and former directors and executives of the Company breached their fiduciary duties to the Company in connection with the Company’s accounting for discounts offered to some wholesale customers. The Company was named solely as a nominal defendant against whom the plaintiff sought no recovery. Pursuant to an agreement among the parties, on February 22, 2012 the parties filed a joint stipulation to dismiss the Alvarado Action without prejudice, which the Court granted later that same day. We are subject to various federal, state, and local laws that govern activities or operations that may have adverse environmental effects. Noncompliance with these laws and regulations can result in significant liabilities, penalties, and costs. From time to time, our operations have resulted or may result in noncompliance with or liability pursuant to environmental laws. Generally, compliance with environmental laws has not had a material impact on our operations, but there can be no assurance that future compliance with such laws will not have a material adverse effect on our operations. We also have other commitments and contingent liabilities related to legal proceedings, self-insurance programs, and matters arising out of the normal course of business. We accrue contingencies based upon a range of possible outcomes. If no amount within this range is a better estimate than any other, then we accrue the minimum amount. Management does not anticipate that in the aggregate such losses would have a material adverse effect on the Company’s consolidated financial position or liquidity; however, it is possible that the final outcomes could have a significant impact on the Company’s reported results of operations in any given period. As of December 31, 2011, we have entered into various purchase order commitments with our suppliers for merchandise for resale that approximates $510.0 million. We can cancel these arrangements, although in some instances, we may be subject to a termination charge reflecting a percentage of work performed prior to cancellation.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
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+ Details

OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2011

OTHER CURRENT LIABILITIES [Abstract]

OTHER CURRENT LIABILITIES

NOTE 13 – OTHER CURRENT LIABILITIES:

Other current liabilities consisted of the following:

(dollars in thousands)	December 31, 2011		January 1, 2011
Accrued bonuses and incentive compensation	$	9,417	$	20,681
Accrued workers’ compensation		6,059		7,515
Accrued sales and use taxes		5,232		3,896
Accrued salaries and wages		5,150		3,933
Accrued gift certificates		4,992		3,227
Accrued 401(k)		4,600		4,330
Other current liabilities		14,499		23,309
Total	$	49,949	$	66,891

VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2011

VALUATION AND QUALIFYING ACCOUNTS [Abstract]

VALUATION AND QUALIFYING ACCOUNTS

NOTE 14 – VALUATION AND QUALIFYING ACCOUNTS:

Information regarding accounts receivable reserves is as follows:

(dollars in thousands)	Accounts receivable reserves			Sales returns reserves
Balance, January 3, 2009	$	5,017		$	150
Additions, charged to expense		1,492			971
Charges to reserve		(4,293	)		(721	)
Balance, January 2, 2010		2,216			400
Additions, charged to expense		5,163			268
Charges to reserve		(4,528	)		(268	)
Balance, January 1, 2011		2,851			400
Additions, charged to expense		7,227			1,121
Charges to reserve		(5,458	)		(1,121	)
Balance, December 31, 2011	$	4,620		$	400

SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2011

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

NOTE 15 – SEGMENT INFORMATION:

We report segment information in accordance with accounting guidance on segment reporting, which requires segment information to be disclosed based upon a “management approach.” The management approach refers to the internal reporting that is used by management for making operating decisions and assessing the performance of our reportable segments. We report our corporate expenses and acquisition-related expenses separately as they are not included in the internal measures of segment operating performance used by the Company in order to measure the underlying performance of our reportable segments.

Segment results include the direct costs of each segment and all other costs are allocated based upon detailed estimates and analysis of actual time and expenses incurred to support the operations of each segment or units produced or sourced to support each segment’s revenue. Certain costs, including incentive compensation for certain employees, and various other general corporate costs that are not specifically allocable to our segments, are included in corporate expenses below. Intersegment sales and transfers are recorded at cost and are treated as a transfer of inventory. The accounting policies of the segments are the same as those described in Note 2 to the consolidated financial statements.

In light of the Acquisition, the Company reevaluated and realigned certain of its reportable segments. As a result, the Company’s reportable segments include a new international segment reflecting our new Canadian operations, our existing international wholesale business, and royalty income from our international licensees. In addition, the Company combined its historical mass channel segments with its wholesale segments. The Company believes these changes in segment reporting better reflect how its five business segments, Carter’s wholesale, Carter’s retail, OshKosh retail, OshKosh wholesale, and international, are managed and how each segment’s performance is evaluated. Effective October 1, 2011, the Company changed its segment presentation to reflect this new structure, and recast all prior periods presented to conform to the new presentation.

The table below presents certain segment information for the periods indicated:

	For the fiscal years end
(dollars in thousands)	December 31, 2011				% of Total			January 1, 2011			% of Total			January 2, 2010				% of Total
Net sales:

Carter’s Wholesale	$	939,115				44.5	%	$	827,815			47.3	%	$	742,224				46.7	%
Carter’s Retail (a)		671,590				31.8	%		546,233			31.2	%		489,740				30.8	%
Total Carter’s		1,610,705				76.3	%		1,374,048			78.5	%		1,231,964				77.5	%

OshKosh Retail (a)		280,900				13.3	%		264,887			15.2	%		257,289				16.2	%
OshKosh Wholesale		81,888				3.9	%		75,484			4.3	%		72,448				4.5	%
Total OshKosh		362,788				17.2	%		340,371			19.5	%		329,737				20.7	%

International (b)		136,241				6.5	%		34,837			2.0	%		27,976				1.8	%

Total net sales	$	2,109,734				100.0	%	$	1,749,256			100.0	%	$	1,589,677				100.0	%

Operating Income (loss):					% of segment net sales						% of segment net sales							% of segment net sales

Carter’s Wholesale	$	119,682				12.7	%	$	152,281			18.4	%	$	137,119				18.5	%
Carter’s Retail (a)		105,818				15.8	%		113,277			20.7	%		96,320				19.7	%
Total Carter’s		225,500				14.0	%		265,558			19.3	%		233,439				18.9	%

OshKosh Retail (a)		(9,469	)			(3.4	%)		19,356			7.3	%		22,561				8.8	%
OshKosh Wholesale		(1,490	)			(1.8	%)		3,863			5.1	%		5,276				7.3	%
Total OshKosh		(10,959	)			(3.0	%)		23,219			6.8	%		27,837				8.4	%

International (b)		27,251		(c)		20.0	%		16,925			48.6	%		11,393				40.7	%

Segment operating income		241,792				11.5	%		305,702			17.5	%		272,669				17.2	%

Corporate expenses (d)		(54,326	)	(e)		(2.6	%)		(62,446	)		(3.6	%)		(77,056	)	(f)		(4.8	%)

Total operating income	$	187,466				8.9	%	$	243,256			13.9	%	$	195,613				12.3	%

(a)	Includes eCommerce results.

(b)	Net sales include international retail and wholesale sales. Operating income includes international licensing income.

(c)	Includes $6.7 million related to the amortization of the fair value step-up for Bonnie Togs inventory acquired and a $2.5 million charge 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 $3.0 million of professional service fees associated with the Acquisition for the fiscal year ended December 31, 2011.

(f)

Includes $11.7 million related to the closures of our Barnesville, Georgia and White House, Tennessee facilities, write-down of the White House, Tennessee facility, and severance and other benefits related to the corporate workforce reduction and $5.7 million in professional service fees related to the previously announced investigation of customer margin support.

In fiscal 2011, no one customer accounted for 10% or more of our consolidated net sales. In fiscal 2010 and 2009, one customer accounted for approximately 10% of our consolidated net sales.

The table below represents inventory, net, by segment:

(dollars in thousands)	December 31, 2011		January 1, 2011		January 2, 2010
Carter’s Wholesale	$	178,523	$	188,299	$	126,347
OshKosh Wholesale		38,406		34,976		32,626
Carter’s Retail		65,696		44,798		34,268
OshKosh Retail		31,879		25,800		17,758
International		32,711		4,636		3,001
Total	$	347,215	$	298,509	$	214,000

Wholesale inventories include inventory produced and warehoused for the retail segment.

The following represents property, plant, and equipment, net, by geographic area:

(dollars in thousands)	December 31, 2011		January 1, 2011		January 2, 2010
United States	$	108,342	$	94,968	$	86,077
International		14,004		--		--
Total	$	122,346	$	94,968	$	86,077

In connection with the change in our reportable segments discussed above, we have reallocated the goodwill for December 31, 2011 to conform to the new reportable segments on a relative fair value basis. The following represents goodwill by segment:

(dollars in thousands)	Wholesale – Carter’s			Wholesale – OshKosh			Retail – Carter’s		Retail –OshKosh			Mass Channel- Carter’s			International		Total


Balance at January 2, 2010
Goodwill	$	51,814		$	35,995		$	82,025	$	106,891		$	2,731		$	--	$	279,456
Accumulated impairment losses		--			(35,995	)		--		(106,891	)		--			--		(142,886	)
	$	51,814		$	--		$	82,025	$	--		$	2,731		$	--	$	136,570


Balance at January 1, 2011
Goodwill	$	51,814		$	35,995		$	82,025	$	106,891		$	2,731		$	--	$	279,456
Accumulated impairment losses		--			(35,995	)		--		(106,891	)		--			--		(142,886	)
	$	51,814		$	--		$	82,025	$	--		$	2,731		$	--	$	136,570

Balance at December 31, 2011
Goodwill	$	51,814		$	35,995		$	82,025	$	106,891		$	2,731		$	--	$	279,456
Goodwill acquired during year		--			--			--		--			--			52,109		52,109
Reallocation for changes in segments		(5,898	)		--			--		--			(2,731	)		8,629		--
Accumulated impairment losses		--			(35,995	)		--		(106,891	)		--			--		(142,886	)
	$	45,916		$	--		$	82,025	$	--		$	--		$	60,738	$	188,679

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

+ Details

WORKFORCE REDUCTION, FACILITY WRITE-DOWN, AND CLOSURE COSTS	12 Months Ended
	Dec. 31, 2011
WORKFORCE REDUCTION, FACILITY WRITE-DOWN, AND CLOSURE COSTS [Abstract]
WORKFORCE REDUCTION, FACILITY WRITE-DOWN, AND CLOSURE COSTS	NOTE 16 – WORKFORCE REDUCTION, FACILITY WRITE-DOWN, AND CLOSURE COSTS: Corporate Workforce Reduction On April 21, 2009, the Company announced to affected employees a plan to reduce its corporate workforce (defined as excluding retail district managers, hourly retail store employees, and distribution center employees). Approximately 150 employees were affected under the plan. The plan included consolidating the majority of our operations performed in our Oshkosh, Wisconsin office into other Company locations. This consolidation has resulted in the addition of resources in our other locations. As a result of this corporate workforce reduction, during fiscal 2009, we recorded net charges of $6.7 million consisting of $5.5 million in severance charges and other benefits ($3.3 million which related to corporate office positions in connection with our existing plan and $2.2 million of special one-time benefits provided to affected employees), and approximately $1.2 million in asset impairment charges net of a gain related to the closure and sale of our Oshkosh, Wisconsin office. As of January 1, 2011, there were no remaining liabilities related to the corporate workforce reduction. Barnesville Distribution Facility Closure On April 2, 2009, the Company announced to affected employees a plan to close its Barnesville, Georgia distribution facility. Approximately 210 employees were affected by this closure. Operations at the Barnesville facility ceased on June 1, 2009. In conjunction with the plan to close the Barnesville, Georgia distribution facility, the Company recorded approximately $4.3 million during fiscal 2009, consisting of severance of $1.7 million, asset impairment charges of $1.1 million related to the write-down of the related land, building, and equipment, $1.0 million of accelerated depreciation (included in selling, general, and administrative expenses), and $0.5 million of other closure costs. On February 21, 2011, the Company sold the facility for zero net proceeds. As of December 31, 2011, there was approximately $0.1 million of restructuring reserves included in other current liabilities on the accompanying audited consolidated balance sheet related to this closure. White House, Tennessee Distribution Facility The Company continually evaluates opportunities to reduce its supply chain complexity and lower costs. In the first quarter of fiscal 2007, the Company determined that OshKosh brand products could be effectively distributed through its other distribution facilities and third-party logistics providers. On February 15, 2007, the Company’s Board of Directors approved management’s plan to close the Company’s OshKosh distribution facility, which was utilized to distribute the Company’s OshKosh brand products. During fiscal 2009, the Company wrote down the carrying value of its White House, Tennessee distribution facility by approximately $0.7 million to $2.8 million to reflect the decrease in the fair market value. During the third quarter of fiscal 2009, the Company sold the facility for net proceeds of approximately $2.8 million.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References + Details

INVESTIGATION EXPENSE	12 Months Ended
INVESTIGATION EXPENSE	Dec. 31, 2011
INVESTIGATION EXPENSE [Abstract]
INVESTIGATION EXPENSE	NOTE 17 – INVESTIGATION EXPENSES: In connection with the previously announced investigation of customer margin support, the Company recorded pre-tax charges in the fourth quarter of fiscal 2009 of approximately $5.7 million in professional service fees.

UNAUDITED QUARTERLY FINANCIAL DATA

12 Months Ended

Dec. 31, 2011

UNAUDITED QUARTERLY FINANCIAL DATA [Abstract]

UNAUDITED QUARTERLY FINANCIAL DATA

NOTE 18 – UNAUDITED QUARTERLY FINANCIAL DATA:

The unaudited summarized financial data by quarter for the fiscal years ended December 31, 2011 and January 1, 2011 is presented in the table below:

(dollars in thousands, except per share data)	Quarter 1			Quarter 2			Quarter 3			Quarter 4
2011:
Net sales	$	469,000		$	394,488		$	639,617		$	606,629
Gross profit		157,806			134,738			191,873			206,735
Selling, general, and administrative expenses		113,501			120,985			145,602			160,872
Royalty income		(9,329	)		(8,269	)		(10,494	)		(9,182	)
Operating income		53,634			22,022			56,765			55,045
Net income		32,123			12,659			34,449			34,785
Basic net income per common share		0.56			0.22			0.59			0.59
Diluted net income per common share		0.55			0.22			0.58			0.59
2010:
Net sales	$	409,049		$	327,009		$	517,928		$	495,270
Gross profit		166,810			130,251			192,803			184,008
Selling, general, and administrative expenses		105,295			104,468			123,321			135,108
Royalty income		(9,654	)		(7,640	)		(10,396	)		(9,886	)
Operating income		71,169			33,423			79,878			58,786
Net income		42,825			19,096			49,657			34,894
Basic net income per common share		0.73			0.32			0.84			0.61
Diluted net income per common share		0.71			0.32			0.83			0.60

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References + Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2011
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
PRINCIPLES OF CONSOLIDATION	PRINCIPLES OF CONSOLIDATION: The accompanying audited consolidated financial statements include the accounts of Carter's, Inc. and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.
FISCAL YEAR	FISCAL YEAR: Our fiscal year ends on the Saturday, in December or January, nearest the last day of December. The accompanying audited consolidated financial statements reflect our financial position as of December 31, 2011 and January 1, 2011 and results of operations for the fiscal years ended December 31, 2011, January 1, 2011, and January 2, 2010. The fiscal years ended December 31, 2011 (fiscal 2011), January 1, 2011 (fiscal 2010), and January 2, 2010 (fiscal 2009), each contain 52 weeks.
USE OF ESTIMATES IN THE PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS	USE OF ESTIMATES IN THE PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS: The preparation of these consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities, at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
FOREIGN CURRENCY TRANSLATION AND TRANSACTIONS	FOREIGN CURRENCY TRANSLATION AND TRANSACTIONS: The functional currency of the Company's foreign operations is the local currency. Assets and liabilities are translated into U.S. dollars using the current exchange rates in effect at the balance sheet date, while revenues and expenses are translated at the average exchange rates for the period. The resulting translation adjustments are recorded as a component of accumulated other comprehensive income (loss) within the audited consolidated statements of changes in stockholders' equity. The Company also recognizes gains and losses on transactions that are denominated in a currency other than the respective entity's functional currency. Foreign currency transaction gains and losses include the mark-to-market adjustment related to open foreign currency exchange contracts, amounts realized on the settlement of foreign currency exchange contracts, and intercompany loans with foreign subsidiaries that are of a short-term investment nature. Foreign currency transaction gains and losses are recognized in earnings and separately disclosed in the audited consolidated statements of operations.
CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS: We consider all highly liquid investments that have original maturities of three months or less to be cash equivalents. Our cash and cash equivalents consist of deposit accounts and cash management funds invested in U.S. Treasury securities. We had cash deposits, in excess of deposit insurance limits, in two U.S. banks and one Canadian bank at December 31, 2011.
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE: Approximately 79.9% of our gross accounts receivable at December 31, 2011 and 82.9% at January 1, 2011 were from our ten largest wholesale customers. Of these customers, three had individual receivable balances in excess of 10% of our gross accounts receivable (but not more than 19%) at December 31, 2011. At January 1, 2011, four customers had individual receivable balances in excess of 10% of our gross accounts receivable (but not more than 17%). Sales to these customers represent 72.9% and 78.6% of total wholesale net sales for fiscal 2011 and fiscal 2010, respectively. In fiscal 2011, no one customer accounted for 10% or more of our consolidated net sales. In fiscal 2010, one customer accounted for approximately 10% of our consolidated net sales.
INVENTORIES	INVENTORIES: Inventories are stated at the lower of cost (first-in, first-out basis for wholesale inventory and average cost for retail inventories) or market. We provide reserves for slow-moving inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions.
PROPERTY, PLANT, AND EQUIPMENT	PROPERTY, PLANT, AND EQUIPMENT: Property, plant, and equipment are stated at cost, less accumulated depreciation and amortization. When fixed assets are sold or otherwise disposed of, the accounts are relieved of the original cost of the assets, and the related accumulated depreciation and any resulting profit or loss is credited or charged to income. For financial reporting purposes, depreciation and amortization are computed on the straight-line method over the estimated useful lives of the assets as follows: buildings from 15 to 26 years and retail store fixtures, equipment, and computers from 3 to 10 years. Leasehold improvements and fixed assets purchased under capital leases, if any, are amortized over the lesser of the asset life or related lease term. We capitalize the cost of our fixtures designed and purchased for use at major wholesale accounts. The cost of these fixtures is amortized over a three-year period.
GOODWILL AND OTHER INTANGIBILE ASSETS	GOODWILL AND OTHER INTANGIBILE ASSETS: In connection with the Acquisition, the Company recorded estimates of goodwill and other intangible assets including a Bonnie Togs tradename and non-compete agreements for certain executives of Bonnie Togs, in accordance with accounting guidance on business combinations. Goodwill as of December 31, 2011, represents the excess of the cost of the acquisition of Carter's, Inc., which was consummated on August 15, 2001, and the acquisition of Bonnie Togs, which was consummated on June 30, 2011, over the fair value of the net assets acquired. Our goodwill is not deductible for tax purposes. The OshKosh tradename was recorded in connection with the acquisition of OshKosh on July 14, 2005 and adjusted in fiscal 2007 to reflect the impairment of the value. Our Carter's and Bonnie Togs goodwill and Carter's and OshKosh tradenames are deemed to have indefinite lives and are not being amortized. The Bonnie Togs tradename and non-compete agreements for certain executives have definite lives and are being amortized over two and four years, respectively. The carrying values of the goodwill and tradename assets are subject to annual impairment reviews in accordance with accounting guidance on goodwill and other intangible assets, as of the last day of each fiscal year. Impairment reviews may also be triggered by any significant events or changes in circumstances affecting our business. Factors affecting such impairment reviews include the continued market acceptance of our offered products and the development of new products. Based upon our most recent assessment performed as of December 31, 2011, we determined that there is no impairment of our goodwill or tradename assets. We use discounted cash flow models to determine the fair value of these assets, using assumptions we believe hypothetical marketplace participants would use. For indefinite-lived intangible assets, if the carrying amount exceeds the fair value, an impairment charge is recognized in the amount equal to that excess. We perform impairment tests of our goodwill at our reporting unit level. The goodwill impairment test consists of a two-step process, if necessary. The first step is to compare the fair value of a reporting unit to its carrying value, including goodwill. The assumptions used in these models are consistent with those we believe hypothetical marketplace participants would use. If the fair value of a reporting unit is less than its carrying value, the second step of the impairment test must be performed in order to determine the amount of impairment loss, if any. The second step compares the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. If the carrying amount of the reporting unit's goodwill exceeds its implied fair value, an impairment charge is recognized in an amount equal to that excess. The loss recognized cannot exceed the carrying amount of goodwill. A deterioration of macroeconomic conditions may not only negatively impact the estimated operating cash flows used in our cash flow models, but may also negatively impact other assumptions used in our analyses, including, but not limited to, the estimated cost of capital and/or discount rates. Additionally, as discussed above, in accordance with accounting guidance, we are required to ensure that assumptions used to determine fair value in our analyses are consistent with the assumptions a hypothetical marketplace participant would use. As a result, the cost of capital and/or discount rates used in our analyses may increase or decrease based on market conditions and trends, regardless of whether our Company's actual cost of capital has changed. Therefore, our Company may recognize an impairment of an intangible asset or assets even though realized actual cash flows are approximately equal to or greater than our previously forecasted amounts.
IMPAIRMENT OF OTHER LONG-LIVED ASSETS	IMPAIRMENT OF OTHER LONG-LIVED ASSETS: We review other long-lived assets, including property, plant, and equipment, and licensing agreements, for impairment whenever events or changes in circumstances indicate that the carrying amount of such an asset may not be recoverable. Management will determine whether there has been a permanent impairment on such assets held for use in the business by comparing anticipated undiscounted future cash flows from the use and eventual disposition of the asset or asset group to the carrying value of the asset. The amount of any resulting impairment will be calculated by comparing the carrying value to fair value, which may be estimated using the present value of the same cash flows. Long-lived assets that meet the definition of held for sale will be valued at the lower of carrying amount or fair value.
DEFERRED DEBT ISSUANCE COSTS	DEFERRED DEBT ISSUANCE COSTS: Debt issuance costs are deferred and amortized to interest expense using the straight-line method, which approximates the effective interest method, over the life of the related debt. During the second quarter of fiscal 2010, the Company wrote off approximately $0.5 million of unamortized debt issuance costs related to the $100 million prepayment of a portion of its former term loan debt. On October 15, 2010, the Company entered into a $375 million ($130 million sub-limit for letters of credit and a swing line sub-limit of $40 million) revolving credit facility with Bank of America as sole lead arranger and administrative agent, JP Morgan Chase Bank as syndication agent, and other financial institutions. The revolving credit facility was immediately drawn upon to pay off the Company's former term loan of $232.2 million and pay transaction fees and expenses of $3.8 million, leaving approximately $130 million available under the revolver for future borrowings (net of letters of credit of approximately $8.6 million). In connection with the repayment of the Company's former term loan, in the fourth quarter of fiscal 2010 the Company wrote off approximately $1.2 million in unamortized debt issuance costs. In addition, in connection with the revolving credit facility, the Company recorded $3.5 million of debt issuance costs to be amortized over the term of the revolving credit facility (five years). Amortization approximated $0.7 million, $0.9 million (exclusive of $1.7 million related to prepayments), and $1.1 million for the fiscal years ended December 31, 2011, January 1, 2011, and January 2, 2010, respectively.
CASH FLOW HEDGES	CASH FLOW HEDGES: Our former senior credit facility required us to hedge at least 25% of our variable rate debt under this facility. The Company entered into interest rate swap agreements in order to hedge the risk of interest rate fluctuations. These interest rate swap agreements were designated as cash flow hedges of the variable interest payments on a portion of our variable rate former term loan debt. Our interest rate swap agreements were traded in the over-the-counter market. Fair values were based on quoted market prices for similar assets or liabilities or determined using inputs that use as their basis readily observable market data that are actively quoted and can be validated through external sources, including third-party pricing services, brokers, and market transactions.
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME: Accumulated other comprehensive (loss) income, shown as a component of stockholders' equity on the accompanying audited consolidated balance sheets, reflects adjustments to the Company's defined benefit and post-retirement plan assets and liabilities as of the end of the year, and the gains and losses and prior service costs or credits, net of tax, that arise during the period but that are not recognized as components of net periodic benefit cost pursuant to accounting guidance on pensions and post-retirement benefits. Accumulated other comprehensive (loss) income also includes cumulative translation adjustments related to the translation of Company's foreign results. The functional currency of the Company's foreign operations is the local currency. Assets and liabilities are translated into U.S. dollars using the current exchange rates in effect at the balance sheet date, while revenues and expenses are translated at the average exchange rates for the period. Included in accumulated other comprehensive (loss) income are realized gains and unrealized gains or losses on the Company's interest rate swap and collar agreements, net of taxes, which are not included in the determination of net income. These realized gains and unrealized gains and losses are recorded directly into accumulated other comprehensive (loss) income and are referred to as comprehensive (loss) income items.
REVENUE RECOGNITION	REVENUE RECOGNITION: Revenues consist of sales to customers, net of returns, accommodations, allowances, deductions, and cooperative advertising. We consider revenue realized or realizable and earned when the product has been shipped, when title passes, when all risks and rewards of ownership have transferred, the sales price is fixed or determinable, and collectability is reasonably assured. In certain cases, in which we retain the risk of loss during shipment, revenue recognition does not occur until the goods have reached the specified customer. In the normal course of business, we grant certain accommodations and allowances to our wholesale domestic and international customers. We provide accommodations and allowances to our major wholesale customers in order to assist these customers with inventory clearance and promotions. Such amounts are reflected as a reduction of net sales and are recorded based on agreements with customers, historical trends, and annual forecasts. Retail store revenues are recognized at the point of sale. We reduce revenue for customer returns and deductions. We also maintain an allowance for doubtful accounts for estimated losses resulting from the inability of our customers to make payments and other actual and estimated deductions. If the financial condition of our customers were to deteriorate, resulting in an impairment of their ability to make payments, an additional allowance could be required. Past due balances over 90 days are reviewed individually for collectability. Our credit and collections department reviews all other balances regularly. Account balances are charged off against the allowance when we feel it is probable the receivable will not be recovered. We contract with a third-party service to provide us with the fair value of cooperative advertising arrangements entered into with certain of our major wholesale customers. Such fair value is determined based upon, among other factors, comparable market analysis for similar advertisements. In accordance with accounting guidance on consideration given by a vendor to a customer/reseller, we have included the fair value of these arrangements of approximately $3.6 million in fiscal 2011, $4.0 million in fiscal 2010, and $3.3 million in fiscal 2009 as a component of selling, general, and administrative expenses on the accompanying audited consolidated statement of operations rather than as a reduction of revenue. Amounts determined to be in excess of the fair value of these arrangements are recorded as a reduction of net sales.
ACCOUNTING FOR SHIPPING AND HANDLING FEES AND COSTS	ACCOUNTING FOR SHIPPING AND HANDLING FEES AND COSTS: Shipping and handling costs include related labor costs, third-party shipping costs, shipping supplies, and certain distribution overhead. Such costs are generally absorbed by us and are included in selling, general, and administrative expenses. These costs amounted to approximately $45.2 million for fiscal 2011, $33.3 million for fiscal 2010, and $31.9 million for fiscal 2009. With respect to the freight component of our shipping and handling costs, certain customers arrange for shipping and pay the related freight costs directly to third parties. However, in the event that we arrange and pay the freight for these customers and bill them for this service, such amounts billed are included in revenue and the related cost is charged to cost of goods sold. In addition, shipping and handling costs billed to our eCommerce customers are included in revenue and the related cost is charged to cost of goods sold. For fiscal years 2011, 2010, and 2009, the Company billed customers approximately $5.3 million, $1.5 million, and $0.1 million, respectively.
ROYALTIES AND LICENSE FEES	ROYALTIES AND LICENSE FEES: We license the Carter's, Just One You, Precious Firsts, Child of Mine, OshKosh B'gosh, OshKosh, and Genuine Kids from OshKosh trademarks to other companies for use on baby and young children's products, including bedding, outerwear, sleepwear, shoes, underwear, socks, room d�cor, toys, stationery, hair accessories, furniture, gear and related products. These royalties are recorded as earned, based upon the sales of licensed products by our licensees and reported as royalty income in the statement of operations.
STOCK-BASED COMPENSATION ARRANGEMENTS	STOCK-BASED COMPENSATION ARRANGEMENTS: In accordance with the fair value recognition provisions of accounting guidance on share-based payments, the Company recognizes stock-based compensation expense for its share-based payments based on the fair value of the awards at the grant date. We determine the fair value of stock options using the Black-Scholes option pricing model, which requires the use of the following subjective assumptions: Volatility - This is a measure of the amount by which a stock price has fluctuated or is expected to fluctuate. The Company uses actual monthly historical changes in the market value of our stock covering the expected life of options being valued. An increase in the expected volatility will increase stock-based compensation expense. Risk-free interest rate - This is the U.S. Treasury rate as of the grant date having a term equal to the expected term of the stock option. An increase in the risk-free interest rate will increase stock-based compensation expense. Expected term - This is the period of time over which the stock options granted are expected to remain outstanding and is based on historical experience and estimated future exercise behavior. Separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. An increase in the expected term will increase stock-based compensation expense. Dividend yield - The Company does not have plans to pay dividends in the foreseeable future. An increase in the dividend yield will decrease stock-based compensation expense. Forfeitures - The Company estimates forfeitures of stock-based awards based on historical experience and expected future activity. Changes in the subjective assumptions can materially affect the estimate of fair value of stock-based compensation and consequently, the related amount recognized in the accompanying audited consolidated statements of operations. The Company accounts for its performance-based awards in accordance with accounting guidance on share-based payments and records stock-based compensation expense over the vesting term of the awards that are expected to vest based on whether it is probable that the performance criteria will be achieved. The Company reassesses the probability of vesting at each reporting period for awards with performance criteria and adjusts stock-based compensation expense based on its probability assessment. The fair value of restricted stock is determined based on the quoted closing price of our common stock on the date of grant.
INCOME TAXES	INCOME TAXES: The accompanying audited consolidated financial statements reflect current and deferred tax provisions. The deferred tax provision is determined under the liability method. Deferred tax assets and liabilities are recognized based on differences between the book and tax bases of assets and liabilities using presently enacted tax rates. Valuation allowances are established when it is "more likely than not" that a deferred tax asset will not be recovered. The provision for income taxes is generally the sum of the amount of income taxes paid or payable for the year as determined by applying the provisions of enacted tax laws to the taxable income for that year, the net change during the year in our deferred tax assets and liabilities, and the net change during the year in any valuation allowances. We assess our income tax positions and record tax benefits for all years subject to examination based upon management's evaluation of the facts, circumstances, and information available at the reporting dates. For those uncertain tax positions where it is "more likely than not" that a tax benefit will be sustained, we have recorded the largest amount of tax benefit with a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not "more likely than not" that a tax benefit will be sustained, no tax benefit has been recognized in the consolidated financial statements. Where applicable, associated interest is also recognized and recorded in interest expense.
EARNINGS PER SHARE	EARNINGS PER SHARE: The Company calculates basic and diluted net income per common share in accordance with accounting guidance which requires earnings per share to be calculated pursuant to the two-class method for unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid). Basic net income per share is calculated by dividing net income for the period by the weighted-average common shares outstanding for the period. Diluted net income per share includes the effect of dilutive instruments, such as stock options and restricted stock awards, and uses the average share price for the period in determining the number of shares that are to be added to the weighted-average number of shares outstanding.
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS: The Company accounts for its employee benefit plans in accordance with accounting guidance on defined benefit pension and other post-retirement plans which requires an employer to recognize the over-funded or under-funded status of a defined benefit post-retirement plan (other than a multi-employer plan) as an asset or liability on its balance sheet. It also requires an employer to recognize as a component of other comprehensive income, net of tax, the gains or losses and prior service costs or credits that arise during the period but are not recognized as components of net periodic benefit cost pursuant to Financial Accounting Standards Board ("FASB") Accounting Standards Codification 715-30. These costs are then subsequently recognized as components of net periodic benefit cost in the consolidated statement of operations. We adjusted accumulated other comprehensive (loss) income related to the Company's post-retirement benefit obligations by approximately $98,000, or $62,000, net of tax, in fiscal 2011, $0.3 million, or $0.2 million, net of tax, in fiscal 2010, and $0.2 million, or $0.1 million, net of tax, in fiscal 2009 to reflect changes in underlying assumptions including projected claims and population. In addition, the Company recorded an unrealized loss of $9.9 million, or $6.2 million, net of tax, in fiscal 2011, an unrealized gain of $1.8 million, or $1.1 million, net of tax, in fiscal 2010, and an unrealized gain of $3.7 million, or $2.3 million, net of tax, during fiscal 2009 to the OshKosh pension plan asset and accumulated other comprehensive (loss) income to reflect changes in the funded status of this plan.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2011

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Components of accounts receivable

Components of accounts receivable as of December 31, 2011 and January 1, 2011 are as follows:

(dollars in thousands)	December 31, 2011		January 1, 2011
Trade receivables, net	$	138,070	$	107,804
Royalties receivable		9,224		9,531
Tenant allowances and other receivables		10,460		4,118
Total	$	157,754	$	121,453

Intangible Assets

The Company's intangible assets were as follows:

		Fiscal 2011						Fiscal 2010
(dollars in thousands)	Weighted-average useful life	Gross amount		Accumulated amortization		Net amount		Gross amount		Accumulated amortization		Net amount

Carter's goodwill (1)	Indefinite	$	136,570	$	--	$	136,570	$	136,570	$	--	$	136,570
Bonnie Togs goodwill (2)	Indefinite	$	52,109	$	--	$	52,109	$	--	$	--	$	--
Carter's tradename	Indefinite	$	220,233	$	--	$	220,233	$	220,233	$	--	$	220,233
OshKosh tradename	Indefinite	$	85,500	$	--	$	85,500	$	85,500	$	--	$	85,500
Bonnie Togs tradename	2 years	$	592	$	150	$	442	$	--	$	--	$	--
Non-compete agreements	4 years	$	295	$	37	$	258	$	--	$	--	$	--

(1)	$45.9 million of which relates to the Carter's wholesale segment, $82.0 million of which relates to the Carter's retail segment, and $8.6 million of which relates to the international segment. Please see Note 15, "Segment Information" for more information.

(2)	Relates to the international segment.

Reconciliation of Bonnie Togs intangible assets

The following is a reconciliation of Bonnie Togs intangible assets:

(dollars in thousands)	Bonnie Togs Goodwill			Bonnie Togs Tradename			Non-compete agreements

Gross Balance at June 30, 2011	$	54,480		$	623		$	311
Purchase accounting adjustments		476			--			--
Foreign currency exchange adjustments		(2,847	)		(31	)		(16	)
Gross Balance at December 31, 2011	$	52,109		$	592		$	295

Accumulated other comprehensive income

Accumulated other comprehensive (loss) income is summarized as follows:

(dollars in thousands)	Pension / post-retirement liability adjustment			Cumulative Translation Adjustment			Derivative hedging adjustment			Accumulated other comprehensive income

Balance at January 3, 2009	$	(5,652	)	$	--		$	(1,666	)	$	(7,318	)
Current year change		2,440			--			812			3,252
Balance at January 2, 2010		(3,212	)		--			(854	)		(4,066	)
Current year change		1,322			--			854			2,176
Balance at January 1, 2011		(1,890	)		--			--			(1,890	)
Current year change		(6,268	)		(3,124	)		--			(9,392	)
Balance at December 31, 2011	$	(8,158	)	$	(3,124	)	$	--		$	(11,282	)

Earnings per share

The following is a reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding:

	For the fiscal years ended
	December 31, 2011			January 1, 2011			January 2, 2010

Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding		57,513,748			58,135,868			56,653,460
Dilutive effect of unvested restricted stock		129,262			117,708			119,886
Dilutive effect of stock options		571,907			762,473			1,574,378
Diluted number of common and common equivalent shares outstanding		58,214,917			59,016,049			58,347,724

Basic net income per common share:
Net income	$	114,016,000		$	146,472,000		$	115,640,000
Income allocated to participating securities		(1,210,944	)		(1,202,948	)		(910,980	)
Net income available to common shareholders	$	112,805,056		$	145,269,052		$	114,729,020

Basic net income per common share	$	1.96		$	2.50		$	2.03

Diluted net income per common share:
Net income	$	114,016,000		$	146,472,000		$	115,640,000
Income allocated to participating securities		(1,199,147	)		(1,187,501	)		(886,537	)
Net income available to common shareholders	$	112,816,853		$	145,284,499		$	114,753,463

Diluted net income per common share	$	1.94		$	2.46		$	1.97

ACQUISITION OF BONNIE TOGS (Tables)

12 Months Ended

Dec. 31, 2011

Business Combinations [Abstract]

Summary of preliminary values of assets acquired and liabilities assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed at June 30, 2011, the date of the Acquisition:

(U.S. dollars in thousands)

Current assets	$	40,668
Property, plant, and equipment		13,485
Bonnie Togs Goodwill		54,982
Bonnie Togs tradename		623
Non-compete agreements		311
Total assets acquired		110,069
Current liabilities		18,231
Non-current liabilities		6,693
Total liabilities assumed		24,924
Net assets acquired	$	85,145

Proformas


	For the fiscal year ended
(dollars in thousands, except share data)	December 31, 2011		January 1, 2011

Pro forma net sales	$	2,156,000	$	1,840,000
Pro forma net income	$	121,000	$	150,000
Pro forma basic earnings per share	$	2.09	$	2.55
Pro forma diluted earnings per share	$	2.07	$	2.51

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References + Details

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2011

PROPERTY, PLANT AND EQUIPMENT [Abstract]

Property, plant and equipment

Property, plant, and equipment consisted of the following:

(dollars in thousands)	December 31, 2011			January 1, 2011
Retail store fixtures, equipment, and computers	$	166,574		$	146,013
Land, buildings, and improvements		96,770			66,099
Marketing fixtures		15,351			19,679
Construction in progress		11,705			5,264
		290,400			237,055
Accumulated depreciation and amortization		(168,054	)		(142,087	)
Total	$	122,346		$	94,968

LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2011

LONG-TERM DEBT [Abstract]

Long-term debt

Long-term debt consisted of the following:

(dollars in thousands)	December 31, 2011		January 1, 2011
Revolving credit facility	$	236,000	$	236,000
Current maturities		--		--
Total long-term debt	$	236,000	$	236,000

STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2012

STOCK BASED COMPENSATION [Abstract]

Summary of stock option activity

A summary of stock option activity under the Plan (in number of shares that may be purchased) is as follows for the fiscal year ended December 31, 2011:

	Stock options			Weighted- average exercise price per share		Weighted-average grant-date fair value

Outstanding, January 1, 2011		2,471,486		$	16.75	$	7.17

Granted		467,200		$	29.08	$	11.85
Exercised		(821,336	)	$	8.26	$	3.52
Forfeited		(108,450	)	$	23.83	$	10.01
Expired		(16,200	)	$	33.42	$	14.69

Outstanding, December 31, 2011		1,992,700		$	22.62	$	9.55

Exercisable, December 31, 2011		1,045,638		$	19.53	$	8.46

Summary of basic stock options outstanding and exercisable

A summary of stock options outstanding and exercisable at December 31, 2011 is as follows:

Outstanding										Exercisable
Range of exercise prices		Number		Weighted- average remaining contractual life		Weighted-average exercise price		Weighted-average grant-date fair value		Number		Weighted- average remaining contractual life		Weighted-average exercise price		Weighted-average grant-date fair value

$	3 - $ 7		75,000		1.31	$	6.14	$	4.25		75,000		1.31	$	6.14	$	4.25
$	13 - $19		761,200		5.38	$	16.57	$	6.99		539,450		4.77	$	16.13	$	6.84
$	20 - $25		234,100		5.64	$	22.67	$	9.37		215,288		5.43	$	22.67	$	9.41
$	26 - $29.5		739,400		8.28	$	28.11	$	11.94		140,250		6.99	$	27.54	$	11.92
$	30 - $40		183,000		7.24	$	32.26	$	12.98		75,650		4.22	$	33.31	$	15.11
			1,992,700		6.51	$	22.62	$	9.55		1,045,638		4.91	$	19.53	$	8.46

Assumptions used for grants and summary of stock options and restricted stock activity

The fair value of each stock option grant is estimated on the date of grant using the Black-Scholes option pricing method with the following weighted-average assumptions used for grants issued:

	For the fiscal years ended
	December 31, 2011			January 1, 2011			January 2, 2010

Volatility		34.98	%		34.57	%		35.75	%
Risk-free interest rate		2.62	%		3.02	%		2.54	%
Expected term (years)		6.7			7.0			7.0
Dividend yield		--			--			--
Grant-date fair value	$	11.85		$	11.80		$	7.78

Summary of restricted stock award activity

The following table summarizes our restricted stock award activity during the fiscal year ended December 31, 2011:

	Restricted stock awards			Weighted-average grant-date fair value

Outstanding, January 1, 2011		481,413		$	22.21
Granted		391,000		$	28.85
Vested		(200,537	)	$	20.82
Forfeited		(54,475	)	$	25.00
Outstanding, December 31, 2011		617,401		$	26.63

Unrecognized Stock-based compensation expense related to outstanding unvested stock options and unvested restricted stock awards expected

Unrecognized stock-based compensation expense related to outstanding unvested stock options and unvested restricted stock awards are expected to be recorded as follows:

(dollars in thousands)	Stock options		Restricted stock awards		Total

2012	$	3,103	$	4,877	$	7,980
2013		2,389		3,859		6,248
2014		1,390		2,728		4,118
2015		245		513		758
Total	$	7,127	$	11,977	$	19,104

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2011

EMPLOYEE BENEFIT PLANS [Abstract]

Reconciliation of accumulated post retirement benefit obligation

The following is a reconciliation of the Accumulated Post-Retirement Benefit Obligation ("APBO") under this plan:

	For the fiscal years ended
(dollars in thousands)	December 31, 2011			January 1, 2011
Benefit Obligation (APBO) at beginning of period	$	7,405		$	8,045
Service cost		130			73
Interest cost		390			426
Actuarial loss (gain)		49			(607	)
Plan participants' contribution		43			--
Benefits paid		(682	)		(532	)

APBO at end of period	$	7,335		$	7,405

Discount rates used in determining the accumulated post retirement benefit obligation and accumulated pension benefit obligation

The discount rates used in determining the net periodic post-retirement benefit costs were as follows:

	For the fiscal years ended
	December 31, 2011			January 1, 2011			January 2, 2010
Discount rates		5.5	%		5.5	%		5.5	%

The discount rates used in determining the APBO were as follows:

		December 31, 2011				January 1, 2011
Discount rates			4.0	%			5.5	%

The actuarial computations utilized the following assumptions, using year-end measurement dates:

Benefit obligation	2011			2010
Discount rate		4.5	%		5.5	%


Net periodic pension cost		2011			2010		2009
Discount rate		5.5	%		5.5	%	5.5	%
Expected long-term rate of return on assets		7.5	%		7.5	%	8.0	%

Components of post retirement benefit expense and pension expense

The components of post-retirement benefit expense charged to operations are as follows:

	For the fiscal years ended
(dollars in thousands)	December 31, 2011			January 1, 2011			January 2, 2010
Service cost – benefits attributed to service during the period	$	130		$	73		$	91
Interest cost on accumulated post-retirement benefit obligation		390			426			452
Amortization of net actuarial gain		(49	)		(22	)		(27	)
Curtailment gain		--			--			(579	)
Total net periodic post-retirement benefit cost (gain)	$	471		$	477		$	(63	)

The net periodic pension (benefit) cost included in the statement of operations was comprised of:

	For the fiscal years ended
(dollars in thousands)	December 31, 2011			January 1, 2011			January 2, 2010
Interest cost	$	2,454		$	2,392		$	2,270
Expected return on plan assets		(3,112	)		(2,875	)		(2,612	)
Recognized actuarial loss (gain)		1			135			411
Net periodic pension (benefit) cost	$	(657	)	$	(348	)	$	69

Fair value of the Company's pension plan assets by category

The fair value of the Company's pension plan assets at December 31, 2011 and January 1, 2011 by asset category were as follows:

	December 31, 2011						January 1, 2011

(dollars in thousands) Asset Category	Total		Quoted prices in active markets for identical assets (level 1)		Significant observable inputs (level 2)		Total		Quoted prices in active markets for identical assets (level 1)		Significant observable inputs (level 2)

Cash and cash equivalents	$	97	$	--	$	97	$	90	$	--	$	90
Equity Securities:
U.S. Large-Cap (a)		9,752		4,889		4,863		11,217		7,485		3,732
U.S. Large-Cap growth		4,883		4,883		--		3,748		3,748		--
U.S. Mid-Cap blend		2,265		--		2,265		2,306		--		2,306
U.S. Small-Cap blend		2,247		2,247		--		2,280		2,280		--
International blend		2,114		2,114		--		2,161		2,161		--
Fixed income securities:
Corporate bonds (b)		17,548		17,548		--		17,684		17,684		--
Real estate (c)		3,564		3,564		--		3,632		1,164		2,468
	$	42,470	$	35,245	$	7,225	$	43,118	$	34,522	$	8,596

(a) This category comprises low-cost equity index funds not actively managed that track the S&P 500.

(b) This category invests in both U.S. Treasuries and mid-term corporate debt from U.S. issuers from diverse industries.

Reconciliation of changes in the projected pension benefit obligation and plan assets

A reconciliation of changes in the projected pension benefit obligation and plan assets is as follows:

	For the fiscal years ended
(dollars in thousands)	December 31, 2011			January 1, 2011
Change in projected benefit obligation:
Projected benefit obligation at beginning of year	$	45,367		$	44,109
Interest cost		2,454			2,392
Actuarial loss		7,656			299
Benefits paid		(1,549	)		(1,433	)
Projected benefit obligation at end of year	$	53,928		$	45,367

Change in plan assets:
Fair value of plan assets at beginning of year	$	43,118		$	39,754
Actual return on plan assets		901			4,797
Benefits paid		(1,549	)		(1,433	)
Fair value of plan assets at end of year	$	42,470		$	43,118

Unfunded status:
Accrued benefit cost	$	(11,458	)	$	(2,249	)

Expected benefit payments for defined benefit pension plans for the next ten fiscal years

The Company currently expects benefit payments for its defined benefit pension plans as follows for the next ten fiscal years.

(dollars in thousands) Fiscal Year
2012	$	1,740
2013	$	1,540
2014	$	1,450
2015	$	1,720
2016	$	1,910
2017-2021	$	12,990

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2011

Income Tax Disclosure [Abstract]

Provision for income taxes

The provision for income taxes consisted of the following:

	For the fiscal years ended
(dollars in thousands)	December 31, 2011			January 1, 2011		January 2, 2010
Current tax provision:
Federal	$	48,141		$	74,310	$	57,740
State		4,550			7,332		7,453
Foreign		5,053			902		725
Total current provision		57,744			82,544		65,918
Deferred tax provision (benefit):
Federal		10,511			3,751		1,831
State		309			619		439
Foreign		(1,692	)		--		--
Total deferred provision		9,128			4,370		2,270
Total provision	$	66,872		$	86,914	$	68,188

Federal statutory tax rate reconciliation

The difference between our effective income tax rate and the federal statutory tax rate is reconciled below:

	For the fiscal years ended
	December 31, 2011			January 1, 2011			January 2, 2010

Statutory federal income tax rate		35.0	%		35.0	%		35.0	%
State income taxes, net of federal income tax benefit		2.6			2.6			2.9
Impact of foreign operations		(0.3	)		--			--
Settlement of uncertain tax positions		(1.0	)		(0.4	)		(0.8	)
Acquisition expenses		0.7			--			--
Total		37.0	%		37.2	%		37.1	%

Unrecognized tax benefits

In accordance with accounting guidance on uncertain tax positions, the following is a reconciliation of the beginning and ending amount of unrecognized tax benefits:

(dollars in thousands)
Balance at January 3, 2009	$	7,274
Additions based on tax positions related to fiscal 2009		2,002
Reductions for prior year tax positions		--
Reductions for lapse of statute of limitations		(402	)
Reductions for prior year tax settlements		(1,143	)
Balance at January 2, 2010		7,731
Additions based on tax positions related to fiscal 2010		2,150
Reductions for prior year tax positions		--
Reductions for lapse of statute of limitations		(1,200	)
Reductions for prior year tax settlements		--
Balance at January 1, 2011		8,681
Additions based on tax positions related to fiscal 2011		2,100
Reductions for prior year tax positions		--
Reductions for lapse of statute of limitations		(1,727	)
Reductions for prior year tax settlements		(709	)
Balance at December 31, 2011	$	8,345

Components of deferred tax assets and liabilities

Components of deferred tax assets and liabilities were as follows:

(dollars in thousands)	December 31, 2011			January 1, 2011
Deferred tax assets:	Assets (Liabilities)
Accounts receivable allowance	$	5,611		$	8,664
Inventory		8,979			7,988
Accrued liabilities		5,834			10,024
Equity-based compensation		7,197			6,416
Deferred employee benefits		7,610			4,101
Deferred rent		11,765			6,137
Other		4,306			4,241
Total deferred tax assets	$	51,302		$	47,571

Deferred tax liabilities:
Depreciation	$	(23,892	)	$	(14,074	)
Tradename and licensing agreements		(113,976	)		(113,891	)
Other		(2,690	)		(1,876	)
Total deferred tax liabilities	$	(140,558	)	$	(129,841	)

Net deferred tax liability

The net deferred tax liability is classified on our accompanying audited consolidated balance sheets as follows:

(dollars in thousands)	December 31, 2011			January 1, 2011

	Assets (Liabilities)

Current net deferred tax asset	$	25,165		$	31,547
Non-current net deferred tax liability		(114,421	)		(113,817	)
Total deferred tax liability	$	(89,256	)	$	(82,270	)

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2011

FAIR VALUE MEASUREMENTS [Abstract]

Assets and liabilities measured at fair value on a recurring basis table

The following table summarizes assets and liabilities measured at fair value on a recurring basis:

	December 31, 2011						January 1, 2011
(dollars in millions)	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3

Assets
Investments	$	50.2	$	--	$	--	$	226.5	$	--	$	--
Foreign exchange forward contracts		0.6		--		--		--		--		--

Liabilities
Revolving credit facility		236.0		--		--		--		--		--
Contingent consideration		--		--	$	25.6		--		--		--

Fair value of derivative instruments table

The fair value of our derivative instruments in our accompanying audited consolidated balance sheets were as follows:

	Asset Derivatives			Liability Derivatives

(dollars in millions)	Balance sheet location	Fair value		Balance sheet location	Fair value

December 31, 2011	Prepaid expenses and other current assets	$	0.6	Other current liabilities	$	--
January 1, 2011	Prepaid expenses and other current assets	$	--	Other current liabilities	$	--

Effect of derivative instruments designated as cash flow hedges table

The effect of derivative instruments designated as cash flow hedges on our accompanying audited consolidated financial statements were as follows:

	For the fiscal years ended
	December 31, 2011				January 1, 2011
(dollars in thousands)	Amount of gain (loss) recognized in accumulated other comprehensive income (loss) on effective hedges		Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into interest expense		Amount of gain (loss) recognized in accumulated other comprehensive income (loss) on effective hedges		Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into interest expense

Interest rate hedge agreements	$	--	$	--	$	3,042	$	(1,713	)

The effect of undesignated derivative instruments on our accompanying audited consolidated financial statements was as follows:


	Gains recognized in earnings for the fiscal years ended
	Gains recognized in earnings for the fiscal years ended
(dollars in millions)	December 31, 2011		January 1, 2011

Foreign exchange forward contract	$	1.6	$	--

LEASE COMMITMENTS (Tables)

12 Months Ended

Dec. 31, 2011

LEASE COMMITMENTS [Abstract]

Minimum annual rental commitments under current operating leases

Minimum annual rental commitments under current noncancellable operating leases as of December 31, 2011 were as follows:

(dollars in thousands)
Fiscal Year	Buildings (primarily retail stores)		Distribution center equipment		Data processing equipment		Transportation equipment		Total noncancellable leases
2012	$	82,003	$	387	$	1,719	$	62	$	84,171
2013		77,861		38		1,021		46		78,966
2014		69,934		15		708		25		70,682
2015		58,008		--		222		20		58,250
2016		49,715		--		118		20		49,853
Thereafter		163,631		--		--		26		163,657
Total	$	501,152	$	440	$	3,788	$	199	$	505,579

OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2011

OTHER CURRENT LIABILITIES [Abstract]

Other current liabilities

Other current liabilities consisted of the following:

(dollars in thousands)	December 31, 2011		January 1, 2011
Accrued bonuses and incentive compensation	$	9,417	$	20,681
Accrued workers' compensation		6,059		7,515
Accrued sales and use taxes		5,232		3,896
Accrued salaries and wages		5,150		3,933
Accrued gift certificates		4,992		3,227
Accrued 401(k)		4,600		4,330
Other current liabilities		14,499		23,309
Total	$	49,949	$	66,891

VALUATION AND QUALIFYING ACCOUNTS (Tables)

12 Months Ended

Dec. 31, 2011

VALUATION AND QUALIFYING ACCOUNTS [Abstract]

Accounts receivable reserves

Information regarding accounts receivable reserves is as follows:

(dollars in thousands)	Accounts receivable reserves			Sales returns reserves
Balance, January 3, 2009	$	5,017		$	150
Additions, charged to expense		1,492			971
Charges to reserve		(4,293	)		(721	)
Balance, January 2, 2010		2,216			400
Additions, charged to expense		5,163			268
Charges to reserve		(4,528	)		(268	)
Balance, January 1, 2011		2,851			400
Additions, charged to expense		7,227			1,121
Charges to reserve		(5,458	)		(1,121	)
Balance, December 31, 2011	$	4,620		$	400

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2011

SEGMENT INFORMATION [Abstract]

Schedule of segment information

The table below presents certain segment information for the periods indicated:

	For the fiscal years end
(dollars in thousands)	December 31, 2011				% of Total			January 1, 2011			% of Total			January 2, 2010				% of Total
Net sales:

Carter's Wholesale	$	939,115				44.5	%	$	827,815			47.3	%	$	742,224				46.7	%
Carter's Retail (a)		671,590				31.8	%		546,233			31.2	%		489,740				30.8	%
Total Carter's		1,610,705				76.3	%		1,374,048			78.5	%		1,231,964				77.5	%

OshKosh Retail (a)		280,900				13.3	%		264,887			15.2	%		257,289				16.2	%
OshKosh Wholesale		81,888				3.9	%		75,484			4.3	%		72,448				4.5	%
Total OshKosh		362,788				17.2	%		340,371			19.5	%		329,737				20.7	%

International (b)		136,241				6.5	%		34,837			2.0	%		27,976				1.8	%

Total net sales	$	2,109,734				100.0	%	$	1,749,256			100.0	%	$	1,589,677				100.0	%

Operating Income (loss):					% of segment net sales						% of segment net sales							% of segment net sales

Carter's Wholesale	$	119,682				12.7	%	$	152,281			18.4	%	$	137,119				18.5	%
Carter's Retail (a)		105,818				15.8	%		113,277			20.7	%		96,320				19.7	%
Total Carter's		225,500				14.0	%		265,558			19.3	%		233,439				18.9	%

OshKosh Retail (a)		(9,469	)			(3.4	%)		19,356			7.3	%		22,561				8.8	%
OshKosh Wholesale		(1,490	)			(1.8	%)		3,863			5.1	%		5,276				7.3	%
Total OshKosh		(10,959	)			(3.0	%)		23,219			6.8	%		27,837				8.4	%

International (b)		27,251		(c)		20.0	%		16,925			48.6	%		11,393				40.7	%

Segment operating income		241,792				11.5	%		305,702			17.5	%		272,669				17.2	%

Corporate expenses (d)		(54,326	)	(e)		(2.6	%)		(62,446	)		(3.6	%)		(77,056	)	(f)		(4.8	%)

Total operating income	$	187,466				8.9	%	$	243,256			13.9	%	$	195,613				12.3	%

(a)	Includes eCommerce results.

(b)	Net sales include international retail and wholesale sales. Operating income includes international licensing income.

(c)	Includes $6.7 million related to the amortization of the fair value step-up for Bonnie Togs inventory acquired and a $2.5 million charge 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 $3.0 million of professional service fees associated with the Acquisition for the fiscal year ended December 31, 2011.

(f)

Inventory, net, by segment

The table below represents inventory, net, by segment:

(dollars in thousands)	December 31, 2011		January 1, 2011		January 2, 2010
Carter's Wholesale	$	178,523	$	188,299	$	126,347
OshKosh Wholesale		38,406		34,976		32,626
Carter's Retail		65,696		44,798		34,268
OshKosh Retail		31,879		25,800		17,758
International		32,711		4,636		3,001
Total	$	347,215	$	298,509	$	214,000

Property, plant, and equipment, net, by geographic area

The following represents property, plant, and equipment, net, by geographic area:

(dollars in thousands)	December 31, 2011		January 1, 2011		January 2, 2010
United States	$	108,342	$	94,968	$	86,077
International		14,004		--		--
Total	$	122,346	$	94,968	$	86,077

Goodwill by segment

(dollars in thousands)	Wholesale - Carter's			Wholesale - OshKosh			Retail - Carter's		Retail -OshKosh			Mass Channel- Carter's			International		Total


Balance at January 2, 2010
Goodwill	$	51,814		$	35,995		$	82,025	$	106,891		$	2,731		$	--	$	279,456
Accumulated impairment losses		--			(35,995	)		--		(106,891	)		--			--		(142,886	)
	$	51,814		$	--		$	82,025	$	--		$	2,731		$	--	$	136,570


Balance at January 1, 2011
Goodwill	$	51,814		$	35,995		$	82,025	$	106,891		$	2,731		$	--	$	279,456
Accumulated impairment losses		--			(35,995	)		--		(106,891	)		--			--		(142,886	)
	$	51,814		$	--		$	82,025	$	--		$	2,731		$	--	$	136,570

Balance at December 31, 2011
Goodwill	$	51,814		$	35,995		$	82,025	$	106,891		$	2,731		$	--	$	279,456
Goodwill acquired during year		--			--			--		--			--			52,109		52,109
Reallocation for changes in segments		(5,898	)		--			--		--			(2,731	)		8,629		--
Accumulated impairment losses		--			(35,995	)		--		(106,891	)		--			--		(142,886	)
	$	45,916		$	--		$	82,025	$	--		$	--		$	60,738	$	188,679

- Definition

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

+ References + Details

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

UNAUDITED QUARTERLY FINANCIAL DATA (Tables)

12 Months Ended

Dec. 31, 2011

UNAUDITED QUARTERLY FINANCIAL DATA [Abstract]

Unaudited summarized financial data

The unaudited summarized financial data by quarter for the fiscal years ended December 31, 2011 and January 1, 2011 is presented in the table below:

(dollars in thousands, except per share data)	Quarter 1			Quarter 2			Quarter 3			Quarter 4
2011:
Net sales	$	469,000		$	394,488		$	639,617		$	606,629
Gross profit		157,806			134,738			191,873			206,735
Selling, general, and administrative expenses		113,501			120,985			145,602			160,872
Royalty income		(9,329	)		(8,269	)		(10,494	)		(9,182	)
Operating income		53,634			22,022			56,765			55,045
Net income		32,123			12,659			34,449			34,785
Basic net income per common share		0.56			0.22			0.59			0.59
Diluted net income per common share		0.55			0.22			0.58			0.59
2010:
Net sales	$	409,049		$	327,009		$	517,928		$	495,270
Gross profit		166,810			130,251			192,803			184,008
Selling, general, and administrative expenses		105,295			104,468			123,321			135,108
Royalty income		(9,654	)		(7,640	)		(10,396	)		(9,886	)
Operating income		71,169			33,423			79,878			58,786
Net income		42,825			19,096			49,657			34,894
Basic net income per common share		0.73			0.32			0.84			0.61
Diluted net income per common share		0.71			0.32			0.83			0.60

THE COMPANY (Details)	Dec. 31, 2011
Company [Abstract]
Number of Carter's locations	359
Number of OshKosh locations	170
Number of international retail stores	65

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended								12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Dec. 31, 2011 USD ($) $ / shares	Oct. 01, 2011 USD ($) $ / shares	Jul. 02, 2011 USD ($) $ / shares	Apr. 02, 2011 USD ($) $ / shares	Jan. 01, 2011 USD ($) $ / shares	Oct. 02, 2010 USD ($) $ / shares	Jul. 03, 2010 USD ($) $ / shares	Apr. 03, 2010 USD ($) $ / shares	Dec. 31, 2011 USD ($) $ / shares shares	Jan. 01, 2011 USD ($) $ / shares shares	Dec. 31, 2010 USD ($)	Jan. 02, 2010 USD ($) $ / shares shares	Oct. 15, 2010 USD ($)
Cash and Cash Equivalents [Abstract]
Number of banks that have cash deposits in excess of deposit insurance limits	2								2
Maximum maturity period for highly liquid investments to be considered cash equivalents									3
Number Of Banks That Have Cash Deposits In Excess Of Deposit Insurance Limits Canada	1								1
Accounts Receivable [Abstract]
Customer concentration risk, gross accounts receivable	79.90%				82.90%				79.90%	82.90%
Number of largest wholesale customers being discussed	10				10				10	10
Customers with receivable balances in excess of minimum disclosure of gross accounts receivable	3				4				3	4
Minimum disclosure percentage for gross accounts receivable (in hundredths)	10.00%				10.00%				10.00%	10.00%
Maximum disclosure percentage for gross accounts receivable (in hundredths)	19.00%				17.00%				19.00%	17.00%
Percentage of total sales to high concentration customers, net (in hundredths)	72.90%				78.60%				72.90%	78.60%
Components of accounts receivable [Abstract]
Accounts receivable, net	$ 157,754,000				$ 121,453,000				$ 157,754,000	$ 121,453,000
Acquired Indefinite-lived Intangible Assets [Line Items]
Goodwill	188,679,000				136,570,000				188,679,000	136,570,000		$ 136,570,000
Indefinite lived intangible assets, tradename	306,176,000				305,733,000				306,176,000	305,733,000
Finite-Lived Intangible Assets [Line Items]
Intangible assets, amortization expense									187,000	0		0
Deferred debt issuance costs [Abstract]
Write off of unamortized debt issuance costs					1,200,000.0
Amount drawn upon from new BOA credit facility to pay off company's former term loan											$ 232,200,000.0
Cash flow hedges [Abstract]
Value of interest rate swap agreements terminated										100,000,000.0
Cumulative translation adjustment [Abstract]
Balance									(3,124,000)
Accumulated other comprehensive income [Abstract]
Balance, accumulated other comprehensive income				$ (1,890,000)					(1,890,000)
Balance, accumulated other comprehensive income	$ (11,282,000)				(1,890,000)				(11,282,000)	(1,890,000)
Accumulated other comprehensive income [Abstract]
Cooperative advertising arrangements, fair value									$ 3,600,000.0	4,000,000.0		3,300,000.0
Threshold of likelihood of realization	50.00%								50.00%
Accounting for Shipping and Handling Fees and Costs [Abstract]
Shipping and handling costs									$ 45,200,000.0	33,300,000.0		31,900,000.0
Shipping and handling revenue									5,300,000.0	1,500,000.0		100,000.0
Supplemental Cash Flow Information [Abstract]
Interest paid in cash									7,000,000.0	7,800,000.0		10,500,000.0
Income taxes paid in cash									$ 61,600,000.0	$ 71,700,000.0		$ 54,600,000.0
Earnings per share [Abstract]
Antidilutive shares excluded from the computations of diluted earnings per share (in shares) \| shares									935,050	599,000		1,035,500
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding (in shares) \| shares									57,513,748	58,135,868		56,653,460
Dilutive effect of unvested restricted stock (in shares) \| shares									129,262	117,708		119,886
Dilutive effect of stock options (in shares) \| shares									571,907	762,473		1,574,378
Diluted number of common and common equivalent shares outstanding (in shares) \| shares									58,214,917	59,016,049		58,347,724
Basic net income per common share:
Net income	$ 34,785,000	$ 34,449,000	$ 12,659,000	$ 32,123,000	$ 34,894,000	$ 49,657,000	$ 19,096,000	$ 42,825,000	$ 114,016,000	$ 146,472,000		$ 115,640,000
Income allocated to participating securities									(1,210,944)	(1,202,948)		(910,980)
Net income available to common shareholders									$ 112,805,056	$ 145,269,052		$ 114,729,020
Basic net income per common share (in dollars per share) \| $ / shares	$ 0.59	$ 0.59	$ 0.22	$ 0.56	$ 0.61	$ 0.84	$ 0.32	$ 0.73	$ 1.96	$ 2.50		$ 2.03
Diluted net income per common share:
Net income	$ 34,785,000	$ 34,449,000	$ 12,659,000	$ 32,123,000	$ 34,894,000	$ 49,657,000	$ 19,096,000	$ 42,825,000	$ 114,016,000	$ 146,472,000		$ 115,640,000
Income allocated to participating securities									(1,199,147)	(1,187,501)		(886,537)
Net income available to common shareholders									$ 112,816,853	$ 145,284,499		$ 114,753,463
Diluted net income per common share (in dollars per share) \| $ / shares	$ 0.59	$ 0.58	$ 0.22	$ 0.55	$ 0.60	$ 0.83	$ 0.32	$ 0.71	$ 1.94	$ 2.46		$ 1.97
Employee benefit plans [Abstract]
Accumulated other comprehensive income (loss) adjustment related to post-retirement benefit obligations	$ 98,000				$ 300,000.0				$ 98,000	$ 300,000.0		$ 200,000.0
Accumulated other comprehensive income (loss) adjustment related to post-retirement benefit obligations, net of tax									62,000	200,000.0		100,000.0
Accumulated other comprehensive income (loss) adjustment related to post-retirement benefit obligations, plan assets, unrealized gain (loss)									9,900,000.0	1,800,000.0		3,700,000.0
Accumulated other comprehensive income (loss) adjustment related to post-retirement benefit obligations, plan assets, unrealized gain (loss), net of tax									$ 6,200,000.0	1,100,000.0		$ 2,300,000.0
Buildings [Member]
Property plant and equipment [Abstract]
Property, plant and equipment, useful life, minimum (in years)									15
Property, plant and equipment, useful life, maximum (in years)									26
Retail store fixtures, equipment and computers [Member]
Property plant and equipment [Abstract]
Property, plant and equipment, useful life, minimum (in years)									3
Property, plant and equipment, useful life, maximum (in years)									10
Useful life of custom made store fixtures (in years)									3
Swingline BOA [Member]
Deferred debt issuance costs [Abstract]
Borrowing capacity													$ 40,000,000.0
Line of Credit BOA [Member]
Deferred debt issuance costs [Abstract]
Borrowing capacity													375,000,000.0
Remaining available credit under borrowing arrangement													130,000,000.0
Capitalized debt issuance costs													3,500,000.0
Letter of Credit BOA [Member]
Deferred debt issuance costs [Abstract]
Borrowing capacity													130,000,000.0
Outstanding letters of credit	14,900,000.0								$ 14,900,000.0				$ 8,600,000.0
Trade receivables, net [Abstract]
Components of accounts receivable [Abstract]
Accounts receivable, net	138,070,000				107,804,000				138,070,000	107,804,000
Royalties receivable [Member]
Components of accounts receivable [Abstract]
Accounts receivable, net	9,224,000				9,531,000				9,224,000	9,531,000
Tenant allowances and other receivables [Member]
Components of accounts receivable [Abstract]
Accounts receivable, net	$ 10,460,000				$ 4,118,000				$ 10,460,000	$ 4,118,000

ACQUISITION OF BONNIE TOGS (Details) $ / shares in Units, $ in Millions	6 Months Ended	12 Months Ended
	Dec. 31, 2011 USD ($)	Dec. 31, 2011 USD ($) $ / shares	Jan. 01, 2011 USD ($) $ / shares	Jul. 02, 2011 USD ($)	Jun. 30, 2011 USD ($)	Jun. 30, 2011 CAD ($)
Business Combinations [Abstract]
Maximum consideration paid for business acquired						$ 95
Cash paid at closing for business acquired					$ 61,200,000.0
Contingent consideration for meeting earning targets, maximum						35
Contingent consideration for meeting interim earnings targets						$ 25
Amount of discounted liability in consolidated balance sheet based upon the high probability that company will attain its earnings targets	$ 25,600,000.0	$ 25,600,000.0		$ 24,300,000.0
Change in the amount of discounted liability in consolidated balance sheet		1,200,000.0
Accretion expense		2,500,000.0
Foreign currency translation adjustment change		$ 1,300,000.0
Current assets					40,668,000
Property, plant, and equipment, net					13,485,000
Business Acquisition [Line Items]
Total asset acquired					110,069,000
Current liabilities					18,231,000
Non-current liabilities					6,693,000
Total liabilities assumed					24,924,000
Net assets acquired					85,145,000
Total acquired intangible assets					55,900,000.0
Proforma description		<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The following unaudited pro forma summary presents information as if Bonnie Togs had been acquired at the beginning of the periods presented with financing obtained as described above and assumes that there were no other changes in our operations. The pro forma information does not necessarily reflect the actual results that would have occurred had the Company been combined during the periods presented, nor is it necessarily indicative of the future results of operations of the combined companies.</font></div>
Business Acquisition, Pro Forma Information [Abstract]
Pro forma net sales		$ 2,156,000,000	$ 1,840,000,000
Pro forma net income		$ 121,000,000	$ 150,000,000
Pro forma basic earnings per share \| $ / shares		$ 2.09	$ 2.55
Pro forma diluted earnings per share \| $ / shares		$ 2.07	$ 2.51
Inventory Step Up Proforma			$ 6,700,000.0
Bonnie Togs revenue	76,600,000.0
Bonnie Togs net income	$ 3,800,000.0
Bonnie Togs [Member]
Business Acquisition [Line Items]
Goodwill					54,982,000
Bonnie Togs Tradename [Member]
Business Acquisition [Line Items]
Bonnie Togs tradename					623,000
Estimated life of intangible assets (in years)		2
Non Compete Agreements [Member]
Business Acquisition [Line Items]
Non-compete agreements					$ 311,000
Estimated life of intangible assets (in years)		4

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	12 Months Ended
PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2011	Jan. 01, 2011	Jan. 02, 2010
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	$ 290,400,000	$ 237,055,000
Accumulated depreciation and amortization	(168,054,000)	(142,087,000)
Total	122,346,000	94,968,000
Depreciation and amortization expense	32,500,000.0	30,000,000.0	$ 28,600,000.0
Retail store fixtures, equipment and computers [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	166,574,000	146,013,000
Land, buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	96,770,000	66,099,000
Marketing Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	15,351,000	19,679,000
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	$ 11,705,000	$ 5,264,000

- Definition

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

+ References + Details

LONG-TERM DEBT (Details)	3 Months Ended	12 Months Ended
LONG-TERM DEBT (Details)	Jan. 01, 2011 USD ($)	Dec. 31, 2011 USD ($)	Jan. 01, 2011 USD ($)	Dec. 31, 2010 USD ($)	Jan. 02, 2010 USD ($)	Dec. 22, 2011 USD ($)	Oct. 15, 2010 USD ($)
LONG-TERM DEBT [Abstract]
Revolving credit facility	$ 236,000,000	$ 236,000,000	$ 236,000,000
Current maturities	0	0	0
Total long-term debt	236,000,000	$ 236,000,000	236,000,000
Debt Instrument [Line Items]
Unamortized debt issuance costs written off	$ 1,200,000.0
Debt issuance cost amortization period (in years)							5
Revolving credit facility interest rate description		<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The revolving credit facility provides for two pricing options for U.S. dollar facility revolving loans: (i) revolving loans on which interest is payable quarterly at a base rate equal to the highest of (x) the Federal Funds Rate plus half of 1%, (y) the rate of interest in effect for such day as publicly announced from time to time by Bank of America, N.A. as its prime rate, or (z) the Eurodollar Rate plus 1%, plus, in each case, an applicable margin initially equal to 1.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 1.00% to 1.50% and (ii) revolving loans on which interest accrues for one, two, three, six or if, generally available, nine or twelve month interest periods (but is payable not less frequently than every three months) at a rate of interest per annum equal to an adjusted British Bankers Association LIBOR rate, plus an applicable margin initially equal to 2.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 2.00% to 2.50%.</font></div><div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div><div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The revolving credit facility also provides for two pricing options for multicurrency facility revolving loans denominated in U.S. dollars: (i) revolving loans on which interest is payable quarterly at a base rate equal to the highest of (x) the Federal Funds Rate plus half of 1%, (y) the rate of interest in effect for such day as publicly announced from time to time by Bank of America, N.A., Canada Branch in Toronto as its reference rate for loans in U.S. dollars to its Canadian borrowers, or (z) the Eurodollar Rate plus 1%, plus, in each case, an applicable margin initially equal to 1.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 1.00% to 1.50% and (ii) revolving loans on which interest accrues for one, two, three, six or if, generally available, nine or twelve month interest periods (but is payable not less frequently than every three months) at a rate of interest per annum equal to an adjusted British Bankers Association LIBOR rate, plus an applicable margin initially equal to 2.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 2.00% to 2.50%.</font></div><div style="DISPLAY: block; TEXT-INDENT: 0pt"><br /></div><div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="MARGIN-LEFT: 18pt"></font>In addition, the revolving credit facility provides for two pricing options for multicurrency facility revolving loans denominated in Canadian dollars: (i) revolving loans on which interest is payable quarterly at a base rate equal to the highest of (x) the rate of interest in effect for such day as publicly announced from time to time by Bank of America, N.A., Canada Branch in Toronto as its prime rate for loans in Canadian Dollars to Canadian Borrowers and (y) the rate of interest in effect for such day for Canadian dollar bankers' acceptances having a term of one month that appears on the Reuters Screen CDOR Page plus half of 1%, plus, in each case, an applicable margin initially equal to 1.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 1.00% to 1.50%, and (ii) revolving loans on which interest accrues for one, two, three, six or if, generally available, nine or twelve month interest periods (but is payable not less frequently than every three months) at a rate of interest per annum equal to an adjusted British Bankers Association LIBOR rate, plus an applicable margin initially equal to 2.25%, which may be adjusted based upon a leverage-based pricing grid ranging from 2.00% to 2.50%. Amounts outstanding under the revolving credit facility currently accrue interest at a LIBOR rate plus 2.25%.</font></div>
Covenant terms		<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The revolving credit facility contains and defines financial covenants, including a lease adjusted leverage ratio (defined as, with certain adjustments, the ratio of the Company's consolidated indebtedness plus six times rent expense to consolidated net income before interest, taxes, depreciation, amortization, and rent expense ("EBITDAR")) to exceed (x) if such period ends on or before December 31, 2014, 3.75:1.00 and (y) if such period ends after December 31, 2014, 3.50:1.00; and consolidated fixed charge coverage ratio (defined as, with certain adjustments, the ratio of consolidated EBITDAR to consolidated fixed charges (defined as interest plus rent expense)), for any such period to be less than 2.75:1.00. </font>
Amount drawn upon from new BOA credit facility to pay off company's former term loan				$ 232,200,000.0
Waiver fee related to untimely filing of financial statements					$ 450,000
Derivative [Line Items]
Interest expense related to interest rate swap agreements		$ 7,534,000	$ 10,445,000		12,004,000
Percent of debt required to be hedged under former credit facility (in hundredths)		25.00%
Number of interest rate swap agreements terminated	2		2
Interest rate swap agreements early termination			$ 100,000,000.0
Line of Credit BOA [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 375,000,000.0
Available under the revolver for future borrowings							130,000,000.0
Capitalized debt issuance costs							3,500,000.0
Effective interest rate (in hundredths)		2.50%
Applicable rate of interest on borrowed funds		0.0225
Amended revolving facility borrowing capacity						$ 340,000,000.0
Letter of Credit BOA [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity							130,000,000.0
Outstanding letters of credit		$ 14,900,000.0					8,600,000.0
Swingline BOA [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity							$ 40,000,000.0
Former credit facility [Member]
Debt Instrument [Line Items]
Transaction fees and expenses associated with former term loan payoff			3,800,000.0
Multicurrency credit facility [Member]
Debt Instrument [Line Items]
Amended revolving facility borrowing capacity						35,000,000.0
Multicurrency letter of credit sublimit [Member]
Debt Instrument [Line Items]
Amended revolving facility borrowing capacity						15,000,000.0
Multicurreny swingline [Member]
Debt Instrument [Line Items]
Amended revolving facility borrowing capacity						$ 5,000,000.0
Interest Rate Collar agreement [Member]
Derivative [Line Items]
Amount of debt which was hedged by interest rate derivatives		$ 100,000,000.0
Interest rate collar agreement, rate floor (in hundredths)		4.30%
Interest rate collar agreement, rate ceiling (in hundredths)		5.50%
Interest expense related to derivative					500,000.0
Interest Rate Swap Agreement [Member]
Derivative [Line Items]
Interest expense related to interest rate swap agreements			$ 1,700,000.0		$ 2,500,000.0

COMMON STOCK (Details) - USD ($)	12 Months Ended				42 Months Ended	59 Months Ended
COMMON STOCK (Details) - USD ($)	Dec. 31, 2011	Jan. 01, 2011	Jan. 02, 2010	Dec. 29, 2007	Aug. 13, 2010	Dec. 31, 2011
COMMON STOCK [Abstract]
Common stock, shares authorized (in shares)	150,000,000	150,000,000				150,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01				$ 0.01
Preferred stock, shares authorized (in shares)	100,000	100,000				100,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01				$ 0.01
Common stock, shares outstanding (in shares)	58,595,421	57,493,567				58,595,421
Preferred stock, shares outstanding (in shares)	0	0				0
Equity, Stock-Based Compensation Expense, Non-Management Board Members [Line Items]
Issuance of common stock (in shares)	38,520	26,147	34,404
Compensation expense recorded in connection with common stock grant		$ 850,000	$ 720,000
Equity, Class of Treasury Stock [Line Items]
Share repurchase authorization amount		$ 100,000,000.0		$ 100,000,000.0
Repurchased and retired shares (in shares)	0	2,058,830	0			6,658,410
Cost of repurchased and retired shares		$ (50,000,000)				$ 141,100,000.0
Repurchases of common stock		$ 50,000,000.0
Average price of repurchased and retired shares (in dollars per share)		$ 24.29				$ 21.19
Common stock voting rights	Each outstanding share of common stock is entitled to one vote on all matters submitted to a vote of stockholders. There is no cumulative voting. Except as otherwise required by law or the certificate of incorporation, the holders of common stock vote together as a single class on all matters submitted to a vote of stockholders.
Share distribution to non-management directors 1 [Member]
Equity, Stock-Based Compensation Expense, Non-Management Board Members [Line Items]
Issuance of common stock (in shares)	38,520	24,032	33,656
Fair market value of common stock issued (in dollars per share)	$ 30.38	$ 33.29	$ 20.80
Compensation expense recorded in connection with common stock grant	$ 1,200,000.0
Proceeds From Issuance Of Common Stock	$ 0	$ 0	$ 0
Share distribution to non-management directors 2 [Member]
Equity, Stock-Based Compensation Expense, Non-Management Board Members [Line Items]
Issuance of common stock (in shares)		2,115	748
Fair market value of common stock issued (in dollars per share)		$ 23.65	$ 22.29
Proceeds From Issuance Of Common Stock		$ 0	$ 0
Share repurchase authorization 2007 [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchases of common stock					$ 100,000,000.0

STOCK BASED COMPENSATION (Details)	12 Months Ended
STOCK BASED COMPENSATION (Details)	Jan. 02, 2016 USD ($)	Jan. 03, 2015 USD ($)	Jan. 04, 2014 USD ($)	Dec. 29, 2012 USD ($) $ / shares shares	Dec. 31, 2011 USD ($) $ / shares shares	Jan. 01, 2011 USD ($) $ / shares shares	Jan. 02, 2010 USD ($) $ / shares shares	Dec. 31, 2011 USD ($) $ / shares shares	May 13, 2011 shares	Jan. 01, 2011 $ / shares
STOCK BASED COMPENSATION [Abstract]
Original number of shares available under the plan (in shares) \| shares									12,053,392
Stock available under the existing plan (in shares) \| shares									15,778,392
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in the number of shares under the existing plan (in shares) \| shares									3,725,000
Available for grant under the Plan (in shares) \| shares								4,084,290
Stock-based compensation expense \| $					$ 9,600,000.0	$ 7,300,000.0	$ 6,800,000.0
Basic stock options [Roll Forward]
Exercised (in shares) \| shares					(821,336)	(1,326,099)	(1,528,096)
Weighted- average exercise price per share [Abstract]
Weighted- average exercise price per share beginning balance (in dollars per share)				$ 22.62
Granted (in dollars per share)							$ 7.78			$ 11.80
Weighted- average exercise price per share ending balance shares outstanding (in dollars per share)					$ 22.62
Weighted-average grant-date fair value [Roll Forward]
2012 \| $				$ 7,980,000
2013 \| $			$ 6,248,000
2014 \| $		$ 4,118,000
2015 \| $	$ 758,000
Total \| $								$ 19,104,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted- average remaining contractual life (in years)								6.51
Exercisable Weighted- average remaining contractual life (in years)								4.91
$3.00-$7.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range limit (in dollars per share)					3.00
Exercise price upper range limit (in dollars per share)					7.00
Number of shares (in shares) \| shares								75,000
Weighted- average remaining contractual life (in years)								1.31
Weighted-average exercise price (in dollars per share)								$ 6.14
Weighted-average grant-date fair value (in dollars per share)								$ 4.25
Exercisable Number (in shares) \| shares								75,000
Exercisable Weighted- average remaining contractual life (in years)								1.31
Exercisable Weighted-average exercise price (in dollars per share)								$ 6.14
Exercisable Weighted-average grant-date fair value (in dollars per share)								$ 4.25
$13.00-$19.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range limit (in dollars per share)					13.00
Exercise price upper range limit (in dollars per share)					19.00
Number of shares (in shares) \| shares								761,200
Weighted- average remaining contractual life (in years)								5.38
Weighted-average exercise price (in dollars per share)								$ 16.57
Weighted-average grant-date fair value (in dollars per share)								$ 6.99
Exercisable Number (in shares) \| shares								539,450
Exercisable Weighted- average remaining contractual life (in years)								4.77
Exercisable Weighted-average exercise price (in dollars per share)								$ 16.13
Exercisable Weighted-average grant-date fair value (in dollars per share)								$ 6.84
$20.00-$25.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range limit (in dollars per share)					20.00
Exercise price upper range limit (in dollars per share)					25.00
Number of shares (in shares) \| shares								234,100
Weighted- average remaining contractual life (in years)								5.64
Weighted-average exercise price (in dollars per share)								$ 22.67
Weighted-average grant-date fair value (in dollars per share)								$ 9.37
Exercisable Number (in shares) \| shares								215,288
Exercisable Weighted- average remaining contractual life (in years)								5.43
Exercisable Weighted-average exercise price (in dollars per share)								$ 22.67
Exercisable Weighted-average grant-date fair value (in dollars per share)								$ 9.41
$26.00-$29.50 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range limit (in dollars per share)					26.00
Exercise price upper range limit (in dollars per share)					29.50
Number of shares (in shares) \| shares								739,400
Weighted- average remaining contractual life (in years)								8.28
Weighted-average exercise price (in dollars per share)								$ 28.11
Weighted-average grant-date fair value (in dollars per share)								$ 11.94
Exercisable Number (in shares) \| shares								140,250
Exercisable Weighted- average remaining contractual life (in years)								6.99
Exercisable Weighted-average exercise price (in dollars per share)								$ 27.54
Exercisable Weighted-average grant-date fair value (in dollars per share)								$ 11.92
$30.00-$40.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price lower range limit (in dollars per share)					30.00
Exercise price upper range limit (in dollars per share)					$ 40.00
Number of shares (in shares) \| shares								183,000
Weighted- average remaining contractual life (in years)								7.24
Weighted-average exercise price (in dollars per share)								$ 32.26
Weighted-average grant-date fair value (in dollars per share)								$ 12.98
Exercisable Number (in shares) \| shares								75,650
Exercisable Weighted- average remaining contractual life (in years)								4.22
Exercisable Weighted-average exercise price (in dollars per share)								$ 33.31
Exercisable Weighted-average grant-date fair value (in dollars per share)								$ 15.11
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate intrinsic value of all outstanding basic stock options \| $								$ 34,300,000.0
Expiration period of stock options					10
Stock-based compensation expense grant \| $					$ 931,000
Basic stock options [Roll Forward]
Outstanding (in shares) \| shares				1,992,700	2,471,486
Granted (in shares) \| shares					467,200
Exercised (in shares) \| shares					821,336
Forfeited (in shares) \| shares					(108,450)
Expired (in shares) \| shares					(16,200)
Outstanding (in shares) \| shares					1,992,700	2,471,486
Exercisable, end of period (in shares) \| shares								1,045,638
Weighted- average exercise price per share [Abstract]
Weighted- average exercise price per share beginning balance (in dollars per share)					$ 16.75
Granted (in dollars per share)								$ 29.08
Exercised (in dollars per share)								8.26
Forfeited (in dollars per share)								23.83
Expired (in dollars per share)								33.42
Weighted- average exercise price per share ending balance shares outstanding (in dollars per share)						$ 16.75
Weighted- average exercise price per share end of period exercisable (in dollars per share)								19.53
Weighted-average grant-date fair value [Abstract]
Weighted-average grant-date fair value of shares outstanding (in dollars per share)				$ 9.55	7.17
Granted (in dollars per share)					11.85
Exercised (in dollars per share)					3.52
Forfeited (in dollars per share)					10.01
Expired (in dollars per share)					14.69
Weighted-average grant-date fair value of shares outstanding (in dollars per share)					$ 9.55	$ 7.17
Weighted-average grant-date fair value of shares outstanding exercisable at end of period (in dollars per share)								$ 8.46
Aggregate intrinsic value of currently exercisable basic stock options \| $								$ 21,200,000.0
Intrinsic value of basic stock options exercised \| $					$ 18,900,000.0
Weighted-average expense recognition period (in years)					2.59
Volatility (in hundredths)					34.98%	34.57%	35.75%
Risk-free interest rate (in hundredths)					2.62%	3.02%	2.54%
Expected term (in years)					6.7	7.0	7.0
Dividend yield (in hundredths)					0.00%	0.00%	0.00%
Weighted-average grant-date fair value [Roll Forward]
2012 \| $				$ 3,103,000
2013 \| $			2,389,000
2014 \| $		1,390,000
2015 \| $	245,000
Total \| $								$ 7,127,000
Stock options issued before May 12, 2005 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)					5
Stock options issued after May 12, 2005 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period minimum (in years)					3
Vesting period maximum (in years)					4
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense \| $					$ 4,900,000.0
Restricted stock [Roll Forward]
Shares outstanding (in shares) \| shares				617,401	481,413
Granted (in shares) \| shares					391,000
Vested (in shares) \| shares					(200,537)
Forfeited (in shares) \| shares					(54,475)
Shares outstanding (in shares) \| shares					617,401	481,413
Weighted-average grant-date fair value [Roll Forward]
Weighted-average grant-date fair value outstanding (in dollars per share)					$ 26.63	$ 22.21		$ 26.63		$ 22.21
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue					28.85
Vested (in dollars per share)					20.82
Forfeited (in dollars per share)								$ 25.00
Weighted-average grant-date fair value outstanding (in dollars per share)					$ 26.63	$ 22.21
2012 \| $				$ 4,877,000
2013 \| $			$ 3,859,000
2014 \| $		$ 2,728,000
2015 \| $	$ 513,000
Total \| $								$ 11,977,000
Restricted Stock Awards to the CEO [Member]
Basic stock options [Roll Forward]
Granted (in shares) \| shares							75,000
Restricted stock [Roll Forward]
Granted (in shares) \| shares					80,000
Weighted-average grant-date fair value [Roll Forward]
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue					$ 28.39		$ 17.92
Percentage Of Grant Vested								75.00%

EMPLOYEE BENEFIT PLANS (Details) - USD ($)	12 Months Ended
EMPLOYEE BENEFIT PLANS (Details) - USD ($)	Dec. 31, 2011	Jan. 01, 2011	Jan. 02, 2010	Dec. 31, 2011	Jan. 01, 2011
Defined contribution plan [Abstract]
Minimum age participation for the defined contribution plan (in years)	21
Minimum service participation for the defined contribution plan (in months)	3
Minimum hours service participation for the defined contribution plan (in hours)	250
Defined contribution plan matching provisions	<div>The plan provides for a discretionary employer match. Prior to April 2009, the plan provided for an employer match amounting to 100% on the first 3% employee contribution and 50% on the next 2% employee contribution. </div>
Defined contribution plan expense for the fiscal year	$ 4,600,000.0	$ 4,300,000.0	$ 1,800,000.0
Pension Plans, Defined Benefit [Member]
Benefit Obligation [Roll Forward]
Benefit Obligation (APBO) at beginning of period	45,367,000	44,109,000
Interest cost	2,454,000	2,392,000	2,270,000
Benefits paid	(1,549,000)	(1,433,000)
Benefit Obligation (APBO) at end of period	53,928,000	45,367,000	44,109,000
Change in plan assets [Roll Forward]
Fair value of plan assets at beginning of year	43,118,000	39,754,000
Actual return on plan assets	901,000	4,797,000
Benefits paid	(1,549,000)	(1,433,000)
Fair value of plan assets at end of year	$ 42,470,000	$ 43,118,000	$ 39,754,000
Unfunded status [Abstract]
Accrued benefit cost				$ (11,458,000)	$ (2,249,000)
Expected contributions to benefit obligations [Abstract]
Expected contributions to benefit obligations in 2012				$ 0
Discount rates used in calculating benefit obligation and net periodic cost (in hundredths)				4.50%	5.50%
Expected long-term rate of return on assets (in hundredths)	7.50%	7.50%	8.00%
Defined benefit expense [Abstract]
Interest cost on accumulated post-retirement benefit obligation	$ 2,454,000	$ 2,392,000	$ 2,270,000
Expected return on plan assets	(3,112,000)	(2,875,000)	(2,612,000)
Recognized actuarial loss (gain)	$ 1,000	135,000	411,000
Total net periodic benefit cost (gain)		(348,000)
Company's investment strategy	<div>The Company's investment strategy is to invest in a well diversified portfolio consisting of 12-14 mutual funds or group annuity contracts that minimize concentration of risks by utilizing a variety of asset types, fund strategies, and fund managers. </div>
Target allocation for plan assets in equity securities (in hundredths)	50.00%
Target allocation for plan assets in debt securities (in hundredths)	42.00%
Target allocation for plan assets in real estate investments (in hundredths)	8.00%
Equity securities maximum investment in international equities (in hundredths)	5.00%
Fair value of plan assets	$ 43,118,000	43,118,000	$ 39,754,000	$ 42,470,000	$ 43,118,000
Investments transfer from level 2 to level 1	$ 2,600,000.0	$ 10,200,000.0
Discount rates used in calculating net periodic post-retirement benefit or pension benefit costs (in hundredths)	5.50%	5.50%	5.50%
2012				0
Postretirement Benefit [Member]
Benefit Obligation [Roll Forward]
Benefit Obligation (APBO) at beginning of period	$ 7,405,000	$ 8,045,000
Service cost	130,000	73,000	$ 91,000
Interest cost	390,000	426,000	452,000
Actuarial (gain) loss	49,000	(607,000)
Plan participants' contribution	43,000	0
Benefits paid	(682,000)	(532,000)
Benefit Obligation (APBO) at end of period	7,335,000	7,405,000	8,045,000
Change in plan assets [Roll Forward]
Benefits paid	(682,000)	(532,000)
Unfunded status [Abstract]
Contribution for post-retirement benefit obligations	639,000	532,000	484,000
Expected contributions to benefit obligations [Abstract]
Expected contributions to benefit obligations in 2012				600,000
Expected contributions to benefit obligations in 2013				600,000
Expected contributions to benefit obligations in 2014				600,000
Expected contributions to benefit obligations in 2015				600,000
Expected contributions to benefit obligations in 2016				$ 600,000
Discount rates used in calculating benefit obligation and net periodic cost (in hundredths)				4.00%	5.50%
Defined benefit expense [Abstract]
Service cost - benefits attributed to service during the period	130,000	73,000	91,000
Interest cost on accumulated post-retirement benefit obligation	390,000	426,000	452,000
Amortization of net actuarial gain	(49,000)	(22,000)	(27,000)
Curtailment gain	$ 0	0	579,000
Total net periodic benefit cost (gain)		$ 477,000	$ (63,000)
Discount rates used in calculating net periodic post-retirement benefit or pension benefit costs (in hundredths)	5.50%	5.50%	5.50%
2012				$ 600,000
2013				600,000
2014				600,000
2015				600,000
2016				600,000
Supplemental Employee Retirement Plans, Defined Benefit [Member]
Unfunded status [Abstract]
Accrued benefit cost				$ 600,000.0	$ 600,000.0

INCOME TAXES (Details) - USD ($)	12 Months Ended
INCOME TAXES (Details) - USD ($)	Dec. 31, 2011	Jan. 01, 2011	Jan. 02, 2010
Current tax provision [Abstract]
Federal	$ 48,141,000	$ 74,310,000	$ 57,740,000
State	4,550,000	7,332,000	7,453,000
Foreign	5,053,000	902,000	725,000
Total current provision	57,744,000	82,544,000	65,918,000
Deferred tax provision (benefit) [Abstract]
Federal	10,511,000	3,751,000	1,831,000
State	309,000	619,000	439,000
Foreign deferred tax benefit	(1,692,000)	0	0
Total deferred provision (benefit)	9,128,000	4,370,000	2,270,000
Total provision	$ 66,872,000	$ 86,914,000	$ 68,188,000
Income tax rate reconciliation [Abstract]
Statutory federal income tax rate (in hundredths)	35.00%	35.00%	35.00%
State income taxes, net of federal income tax benefit (in hundredths)	2.60%	2.60%	2.90%
Impact of foreign operations	(0.30%)	0.00%	0.00%
Settlement of uncertain tax positions (in hundredths)	(1.00%)	(0.40%)	(0.80%)
Acquisition expenses (in hundredths)	0.70%	0.00%	0.00%
Total (in hundredths)	37.00%	37.20%	37.10%
Unrecognized income tax benefits [Roll Forward]
Beginning Balance	$ 8,681,000	$ 7,731,000	$ 7,274,000
Additions based on fiscal year tax positions	2,100,000	2,150,000	2,002,000
Reductions for prior year tax positions	0	0	0
Reductions for lapse of statute of limitations	(1,727,000)	(1,200,000)	(402,000)
Reductions for prior year tax settlements	(709,000)	0	(1,143,000)
Ending Balance	8,345,000	8,681,000	7,731,000
Amount included in reserves for unrecognized tax benefits for which the statute of limitations is expected to expire	2,000,000.0
Net interest expense reduction	100,000.0		100,000.0
Interest accrued for uncertain tax positions	500,000.0	600,000.0
Deferred tax assets [Abstract]
Accounts receivable allowance	5,611,000	8,664,000
Inventory	8,979,000	7,988,000
Accrued liabilities	5,834,000	10,024,000
Equity-based compensation	7,197,000	6,416,000
Deferred employee benefits	7,610,000	4,101,000
Deferred rent	11,765,000	6,137,000
Other	4,306,000	4,241,000
Total deferred tax assets	51,302,000	47,571,000
Deferred tax liabilities [Abstract]
Depreciation	(23,892,000)	(14,074,000)
Tradename and licensing agreements	(113,976,000)	(113,891,000)
Other	(2,690,000)	(1,876,000)
Total deferred tax liabilities	(140,558,000)	(129,841,000)
Current net deferrred tax asset	25,165,000	31,547,000
Non-current net deferred tax liability	(114,421,000)	(113,817,000)
Total deferred tax liability	(89,256,000)	(82,270,000)
Foreign income before taxes	6,200,000.0	0	0
Domestic income before taxes	174,700,000.0
Income before income taxes	180,888,000	$ 233,386,000	$ 183,828,000
Internal Revenue Service (IRS) [Member]
Unrecognized income tax benefits [Roll Forward]
Reductions for prior year tax settlements	400,000.0
State and Local Jurisdiction [Member]
Unrecognized income tax benefits [Roll Forward]
Reductions for prior year tax settlements	$ 300,000.0

FAIR VALUE MEASUREMENTS (Details) - USD ($)	12 Months Ended
FAIR VALUE MEASUREMENTS (Details) - USD ($)	Dec. 31, 2011	Jan. 01, 2011
Effect of derivative instruments designated as cash flow hedges on financial statements [Abstract]
Amount of gain (loss) recognized in accumulated other comprehensive income (loss) on effective hedges	$ 0	$ 3,042,000
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into interest expense	$ 0	(1,713,000)
Maximum maturity of foreign currency derivatives (in months)	12
Foreign currency contracts to hedge the purchase of US currency	$ 24,500,000.0
Accretion expense	2,500,000.0
Accumulated other comprehensive income, foreign currency translation adjustment	1,300,000.0
Change in fair value of contingent consideration	1,200,000.0
Gains (losses) recognized in earnings	1,600,000.0	0.0
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Assets [Abstract]
Investments	50,200,000.0	226,500,000.0
Foreign exchange forward contracts	600,000.0	0.0
Liabilities [Abstract]
Long-term debt	236,000,000.0	0.0
Contingent consideration	0.0	0.0
Cash invested in money market deposit account		151,500,000.0
Cash invested in U.S. Treasury Bills or Treasury Notes		75,000,000.0
Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Assets [Abstract]
Investments	0.0	0.0
Foreign exchange forward contracts	0.0	0.0
Liabilities [Abstract]
Long-term debt	0.0	0.0
Contingent consideration	0.0	0.0
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]
Assets [Abstract]
Investments	0.0	0.0
Foreign exchange forward contracts	0.0	0.0
Liabilities [Abstract]
Long-term debt	0.0	0.0
Contingent consideration	25,600,000.0	0.0
Prepaid Expenses And Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivatives asset, fair value	600,000.0
Derivative liabilities, fair value		0
Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivatives asset, fair value	$ 0
Derivative liabilities, fair value		$ 0

LEASE COMMITMENTS (Details)	12 Months Ended
LEASE COMMITMENTS (Details)	Dec. 31, 2011 USD ($) sqft	Jan. 01, 2011 USD ($)	Jan. 02, 2010 USD ($)
LEASE COMMITMENTS [Abstract]
Rent expense under operating leases	$ 84,600,000.0	$ 70,100,000.0	$ 65,200,000.0
Operating Leased Assets [Line Items]
2012	84,171,000
2013	78,966,000
2014	70,682,000
2015	58,250,000
2016	49,853,000
Thereafter	163,657,000
Total	$ 505,579,000
Number of stores leased	529
Retail square footage average size \| sqft	4,600
Leases average term	10
International retail store average square footage \| sqft	5,500
Number of international leased retail stores	65
Gains (losses) recognized in earnings	$ 1,600,000.0	$ 0.0
Buildings [Member]
Operating Leased Assets [Line Items]
2012	82,003,000
2013	77,861,000
2014	69,934,000
2015	58,008,000
2016	49,715,000
Thereafter	163,631,000
Total	501,152,000
Distribution center equipment [Member]
Operating Leased Assets [Line Items]
2012	387,000
2013	38,000
2014	15,000
2015	0
2016	0
Thereafter	0
Total	440,000
Data processing equipment [Member]
Operating Leased Assets [Line Items]
2012	1,719,000
2013	1,021,000
2014	708,000
2015	222,000
2016	118,000
Thereafter	0
Total	3,788,000
Transportation Equipment [Member]
Operating Leased Assets [Line Items]
2012	62,000
2013	46,000
2014	25,000
2015	20,000
2016	20,000
Thereafter	26,000
Total	$ 199,000

COMMITMENTS AND CONTINGENCIES (Details)	Dec. 31, 2011 USD ($)
COMMITMENTS AND CONTINGENCIES [Abstract]
Various purchase order commitments	$ 510,000,000.0

OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2011	Jan. 01, 2011
OTHER CURRENT LIABILITIES [Abstract]
Accrued bonuses and incentive compensation	$ 9,417	$ 20,681
Accrued workers' compensation	6,059	7,515
Accrued sales and use taxes	5,232	3,896
Accrued salaries and wages	5,150	3,933
Accrued gift certificates	4,992	3,227
Accrued 401 (k)	4,600	4,330
Other current liabilities	14,499	23,309
Total	$ 49,949	$ 66,891

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable for incentive compensation awarded to employees and directors or earned by them based on the terms of one or more relevant arrangements. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

- Definition

Carrying value as of the balance sheet date of the obligations incurred through that date and payable for employees' services provided. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

- Definition

Aggregate carrying amount, as of the balance sheet date, of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed in the balance sheet. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Jan. 01, 2011	Jan. 02, 2010
Accounts receivable
Accounts receivable reserves [Roll Forward]
Beginning balance	$ 2,851	$ 2,216	$ 5,017
Additions, charged to expense	7,227	5,163	1,492
Charges to reserve	(5,458)	(4,528)	(4,293)
Ending balance	4,620	2,851	2,216
Sales return reserves
Accounts receivable reserves [Roll Forward]
Beginning balance	400	400	150
Additions, charged to expense	1,121	268	971
Charges to reserve	(1,121)	(268)	(721)
Ending balance	$ 400	$ 400	$ 400

SEGMENT INFORMATION (Details)

3 Months Ended

12 Months Ended

Dec. 31, 2011

USD ($)

Oct. 01, 2011

USD ($)

Jul. 02, 2011

USD ($)

Apr. 02, 2011

USD ($)

Jan. 01, 2011

USD ($)

Oct. 02, 2010

USD ($)

Jul. 03, 2010

USD ($)

Apr. 03, 2010

USD ($)

Dec. 31, 2011

USD ($)

Jan. 01, 2011

USD ($)

Jan. 02, 2010

USD ($)

SEGMENT INFORMATION [Abstract]

Number of business segments

Segment Reporting Information [Line Items]

Net sales

$ 606,629,000

$ 639,617,000

$ 394,488,000

$ 469,000,000

$ 495,270,000

$ 517,928,000

$ 327,009,000

$ 409,049,000

$ 2,109,734,000

$ 1,749,256,000

$ 1,589,677,000

Percentage of total net sales (in hundredths)

100.00%

Operating income (loss)

$ 55,045,000

$ 56,765,000

$ 22,022,000

$ 53,634,000

$ 58,786,000

$ 79,878,000

$ 33,423,000

$ 71,169,000

$ 187,466,000

$ 243,256,000

$ 195,613,000

Operating income (loss) as percentage of segment net sales (in hundredths)

8.90%

13.90%

8.90%

13.90%

12.30%

Corporate expenses

^[1]

$ (54,326,000)

^[2]

$ (62,446,000)

$ (77,056,000)

^[3]

Corporate expense as percentage of total net sales (in hundredths)

^[1]

(2.60%)

^[2]

(3.60%)

(2.60%)

^[2]

(3.60%)

(4.80%)

^[3]

Fair value step-up of Bonnie Togs inventory

$ 6,700,000.0

Accretion expense

2,484,000

$ 0

Workforce reduction, facility write-down, and closure costs

$ 0

$ 10,771,000

Professional service fees

$ 3,000,000.0

Number of customers accounted for more than ten percent of the consolidated revenue

Net Inventory

$ 347,215,000

$ 298,509,000

$ 347,215,000

$ 298,509,000

$ 214,000,000

Revenues from External Customers and Long-Lived Assets [Line Items]

Property, plant and equipment

$ 122,346,000

$ 94,968,000

122,346,000

94,968,000

86,077,000

International [Member]

Segment Reporting Information [Line Items]

Net sales

^[4]

$ 136,241,000

$ 34,837,000

$ 27,976,000

Percentage of total net sales (in hundredths)

^[4]

6.50%

2.00%

6.50%

2.00%

1.80%

Operating income (loss)

^[4]

$ 27,251,000

^[5]

$ 16,925,000

$ 11,393,000

Operating income (loss) as percentage of segment net sales (in hundredths)

^[4]

20.00%

48.60%

20.00%

48.60%

40.70%

Net Inventory

$ 32,711,000

$ 4,636,000

$ 32,711,000

$ 4,636,000

$ 3,001,000

Operating Segments [Member]

Segment Reporting Information [Line Items]

Operating income (loss)

$ 241,792,000

$ 305,702,000

$ 272,669,000

Operating income (loss) as percentage of segment net sales (in hundredths)

11.50%

17.50%

11.50%

17.50%

17.20%

United States [Member]

Revenues from External Customers and Long-Lived Assets [Line Items]

Property, plant and equipment

$ 108,342,000

$ 94,968,000

$ 108,342,000

$ 94,968,000

$ 86,077,000

International [Member]

Revenues from External Customers and Long-Lived Assets [Line Items]

Property, plant and equipment

$ 14,004,000

$ 0

14,004,000

Carter's [Member]

Segment Reporting Information [Line Items]

Net sales

$ 1,610,705,000

$ 1,374,048,000

$ 1,231,964,000

Percentage of total net sales (in hundredths)

76.30%

78.50%

76.30%

78.50%

77.50%

Operating income (loss)

$ 225,500,000

$ 265,558,000

$ 233,439,000

Operating income (loss) as percentage of segment net sales (in hundredths)

14.00%

19.30%

14.00%

19.30%

18.90%

Carter's [Member] | Wholesale [Member]

Segment Reporting Information [Line Items]

Net sales

$ 939,115,000

$ 827,815,000

$ 742,224,000

Percentage of total net sales (in hundredths)

44.50%

47.30%

44.50%

47.30%

46.70%

Operating income (loss)

$ 119,682,000

$ 152,281,000

$ 137,119,000

Operating income (loss) as percentage of segment net sales (in hundredths)

12.70%

18.40%

12.70%

18.40%

18.50%

Carter's [Member] | Retail [Member]

Segment Reporting Information [Line Items]

Net sales

^[6]

$ 671,590,000

$ 546,233,000

$ 489,740,000

Percentage of total net sales (in hundredths)

^[6]

31.80%

31.20%

31.80%

31.20%

30.80%

Operating income (loss)

^[6]

$ 105,818,000

$ 113,277,000

$ 96,320,000

Operating income (loss) as percentage of segment net sales (in hundredths)

^[6]

15.80%

20.70%

15.80%

20.70%

19.70%

Carter's [Member] | Carter's Wholesale Segment [Member]

Segment Reporting Information [Line Items]

Net Inventory

$ 178,523,000

$ 188,299,000

$ 178,523,000

$ 188,299,000

$ 126,347,000

Carter's [Member] | Carter's Retail Segment [Member]

Segment Reporting Information [Line Items]

Net Inventory

$ 65,696,000

$ 44,798,000

65,696,000

44,798,000

34,268,000

OshKosh [Member]

Segment Reporting Information [Line Items]

Net sales

$ 362,788,000

$ 340,371,000

$ 329,737,000

Percentage of total net sales (in hundredths)

17.20%

19.50%

17.20%

19.50%

20.70%

Operating income (loss)

$ (10,959,000)

$ 23,219,000

$ 27,837,000

Operating income (loss) as percentage of segment net sales (in hundredths)

(3.00%)

6.80%

(3.00%)

6.80%

8.40%

OshKosh [Member] | Wholesale [Member]

Segment Reporting Information [Line Items]

Net sales

$ 81,888,000

$ 75,484,000

$ 72,448,000

Percentage of total net sales (in hundredths)

3.90%

4.30%

3.90%

4.30%

4.50%

Operating income (loss)

$ (1,490,000)

$ 3,863,000

$ 5,276,000

Operating income (loss) as percentage of segment net sales (in hundredths)

(1.80%)

5.10%

(1.80%)

5.10%

7.30%

OshKosh [Member] | Retail [Member]

Segment Reporting Information [Line Items]

Net sales

^[6]

$ 280,900,000

$ 264,887,000

$ 257,289,000

Percentage of total net sales (in hundredths)

^[6]

13.30%

15.20%

13.30%

15.20%

16.20%

Operating income (loss)

^[6]

$ (9,469,000)

$ 19,356,000

$ 22,561,000

Operating income (loss) as percentage of segment net sales (in hundredths)

^[6]

(3.40%)

7.30%

(3.40%)

7.30%

8.80%

OshKosh [Member] | OshKosh Retail [Member]

Segment Reporting Information [Line Items]

Net Inventory

$ 31,879,000

$ 25,800,000

$ 31,879,000

$ 25,800,000

$ 17,758,000

OshKosh [Member] | OshKosh Wholesale [Member]

Segment Reporting Information [Line Items]

Net Inventory

$ 38,406,000

$ 34,976,000

$ 38,406,000

$ 34,976,000

$ 32,626,000

[1]	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.
[2]	Includes $3.0 million of professional service fees associated with the Acquisition for the fiscal year ended December 31, 2011.
[3]	Includes $11.7 million related to the closures of our Barnesville, Georgia and White House, Tennessee facilities, write-down of the White House, Tennessee facility, and severance and other benefits related to the corporate workforce reduction and $5.7 million in professional service fees related to the previously announced investigation of customer margin support.
[4]	Net sales include international retail and wholesale sales. Operating income includes international licensing income.
[5]	Includes $6.7 million related to the amortization of the fair value step-up for Bonnie Togs inventory acquired and a $2.5 million charge associated with the revaluation of the Companys contingent consideration.
[6]	Includes eCommerce results.

SEGMENT INFORMATION, GOODWILL (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Jan. 01, 2011	Jan. 02, 2010
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill	$ 279,456	$ 279,456	$ 279,456
Goodwill acquired during year	52,109
Reallocation for changes in segments	0
Accumulated impairment losses	(142,886)	(142,886)	(142,886)
Goodwill Total	188,679	136,570	136,570
International [Member]
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill	0	0	0
Goodwill acquired during year	52,109
Reallocation for changes in segments	8,629
Accumulated impairment losses	0	0	0
Goodwill Total	60,738	0	0
Carter's Wholesale Segment [Member]
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill	51,814	51,814	51,814
Goodwill acquired during year	0
Reallocation for changes in segments	(5,898)
Accumulated impairment losses	0	0	0
Goodwill Total	45,916	51,814	51,814
Carter's Retail Segment [Member]
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill	82,025	82,025	82,025
Goodwill acquired during year	0
Reallocation for changes in segments	0
Accumulated impairment losses	0	0	0
Goodwill Total	82,025	82,025	82,025
Carter's Mass Channel Segment [Member]
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill	2,731	2,731	2,731
Goodwill acquired during year	0
Reallocation for changes in segments	(2,731)
Accumulated impairment losses	0	0	0
Goodwill Total	0	2,731	2,731
OshKosh Retail [Member]
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill	106,891	106,891	106,891
Goodwill acquired during year	0
Reallocation for changes in segments	0
Accumulated impairment losses	(106,891)	(106,891)	(106,891)
Goodwill Total	0	0	0
OshKosh Wholesale [Member]
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill	35,995	35,995	35,995
Goodwill acquired during year	0
Reallocation for changes in segments	0
Accumulated impairment losses	(35,995)	(35,995)	(35,995)
Goodwill Total	$ 0	$ 0	$ 0

WORKFORCE REDUCTION, FACILITY WRITE-DOWN, AND CLOSURE COSTS (Details)	3 Months Ended	12 Months Ended			59 Months Ended
	Oct. 03, 2009 USD ($)	Dec. 31, 2011 USD ($)	Jan. 01, 2011 USD ($)	Jan. 02, 2010 USD ($)	Dec. 31, 2011 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 0	$ 0	$ 10,771,000
Corporate Office [Member] \| Severance [Member]
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated				150
Restructuring charges				$ 6,700,000.0
Severance charges				5,500,000.0
Severance charges related to corporate office				3,300,000.0
Special one-time benefits				2,200,000.0
Asset impairment charges				$ 1,200,000.0
Date				Apr. 21, 2009
Balance at end of period			$ 0
Barnesville Distribution Facility [Member] \| Severance [Member]
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated				210
Restructuring charges				$ 4,300,000.0
Severance charges				1,700,000.0
Asset impairment charges				1,100,000.0
Accelerated depreciation (included in selling, general, and administrative expenses)				1,000,000.0
Other closure costs				$ 500,000.0
Net proceeds from sale of closed facility					$ 0
Date				Apr. 02, 2009
Balance at end of period		$ 100,000.0			$ 100,000.0
White, Tennessee Distribution Facility [Member] \| Severance [Member]
Restructuring Cost and Reserve [Line Items]
Asset impairment charges				$ 700,000.0
Net proceeds from sale of closed facility	$ 2,800,000.0
Land, building, and equipment assets held for sale				$ 2,800,000.0

INVESTIGATION EXPENSE (Details)	3 Months Ended
INVESTIGATION EXPENSE (Details)	Jan. 02, 2010 USD ($)
INVESTIGATION EXPENSE [Abstract]
Professional Service Fees	$ 5,700,000.0

UNAUDITED QUARTERLY FINANCIAL DATA (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2011	Oct. 01, 2011	Jul. 02, 2011	Apr. 02, 2011	Jan. 01, 2011	Oct. 02, 2010	Jul. 03, 2010	Apr. 03, 2010	Dec. 31, 2011	Jan. 01, 2011	Jan. 02, 2010
UNAUDITED QUARTERLY FINANCIAL DATA [Abstract]
Net sales	$ 606,629	$ 639,617	$ 394,488	$ 469,000	$ 495,270	$ 517,928	$ 327,009	$ 409,049	$ 2,109,734	$ 1,749,256	$ 1,589,677
Gross profit	206,735	191,873	134,738	157,806	184,008	192,803	130,251	166,810	691,152	673,872	604,354
Selling, general, and administrative expenses	160,872	145,602	120,985	113,501	135,108	123,321	104,468	105,295	540,960	468,192	428,674
Royalty income	(9,182)	(10,494)	(8,269)	(9,329)	(9,886)	(10,396)	(7,640)	(9,654)	37,274	37,576	36,421
Operating income	55,045	56,765	22,022	53,634	58,786	79,878	33,423	71,169	187,466	243,256	195,613
Net income	$ 34,785	$ 34,449	$ 12,659	$ 32,123	$ 34,894	$ 49,657	$ 19,096	$ 42,825	$ 114,016	$ 146,472	$ 115,640
Basic net income per common share (in dollars per share)	$ 0.59	$ 0.59	$ 0.22	$ 0.56	$ 0.61	$ 0.84	$ 0.32	$ 0.73	$ 1.96	$ 2.50	$ 2.03
Diluted net income per common share (in dollars per share)	$ 0.59	$ 0.58	$ 0.22	$ 0.55	$ 0.60	$ 0.83	$ 0.32	$ 0.71	$ 1.94	$ 2.46	$ 1.97

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 36, 37, 38
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 20

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 7
-Paragraph 18

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 21
-Article 9

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Section 55
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-URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.23)
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 87-21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 10, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28, 29, 30
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 19

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e565-108580

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A7
-Appendix A

+ Details