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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Apr. 02, 2016	Apr. 22, 2016
Document Information [Abstract]
Entity Registrant Name	CARTERS INC
Entity Central Index Key	0001060822
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Apr. 02, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		50,770,965

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016	Apr. 04, 2015
Current assets:
Cash and cash equivalents	$ 395,141	$ 381,209	$ 377,400
Accounts receivable, net	192,569	207,570	195,593
Finished goods inventories	376,499	469,934	358,014
Prepaid expenses and other current assets	36,791	37,815	33,894
Deferred income taxes	31,841	34,080	32,842
Total current assets	1,032,841	1,130,608	997,743
Property, plant, and equipment, net of accumulated depreciation of $307,449, $290,636, and $257,394, respectively	377,273	371,704	341,658
Tradenames and other intangibles, net	309,853	310,848	314,955
Goodwill	177,238	174,874	178,859
Other assets	15,258	15,620	13,898
Total assets	1,912,463	2,003,654	1,847,113
Current liabilities:
Accounts payable	90,387	157,648	94,133
Other current liabilities	102,494	105,070	93,403
Total current liabilities	192,881	262,718	187,536
Long-term debt, net	580,319	578,972	580,273
Deferred income taxes	128,815	128,838	120,274
Other long-term liabilities	161,731	158,075	153,317
Total liabilities	1,063,746	1,128,603	1,041,400
Commitments and contingencies - Note 13
Stockholders' equity:
Preferred stock; par value $.01 per share; 100,000 shares authorized; none issued or outstanding at April 2, 2016, January 2, 2016, and April 4, 2015	0	0	0
Common stock, voting; par value $.01 per share; 150,000,000 shares authorized; 51,206,395, 51,764,309, and 52,615,316 shares issued and outstanding at April 2, 2016, January 2, 2016 and April 4, 2015, respectively	512	518	526
Additional paid-in capital	0	0	0
Accumulated other comprehensive loss	(31,081)	(36,367)	(29,031)
Retained earnings	879,286	910,900	834,218
Total stockholders' equity	848,717	875,051	805,713
Total liabilities and stockholders' equity	$ 1,912,463	$ 2,003,654	$ 1,847,113

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016	Apr. 04, 2015
Statement of Financial Position [Abstract]
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 307,449	$ 290,636	$ 257,394
Preferred stock; par value	$ 0.01	$ 0.01	$ 0.01
Preferred stock; shares authorized	100,000	100,000	100,000
Preferred stock; issued	0	0	0
Preferred stock; outstanding	0	0	0
Common stock, voting; par value	$ 0.01	$ 0.01	$ 0.01
Common stock, voting; shares authorized	150,000,000	150,000,000	150,000,000
Common stock voting; shares issued	51,206,395	51,764,309	52,615,316
Common stock voting; shares outstanding	51,206,395	51,764,309	52,615,316

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Income Statement [Abstract]
Net sales	$ 724,085	$ 684,764
Cost of goods sold	413,156	400,712
Gross profit	310,929	284,052
Selling, general, and administrative expenses	228,996	211,183
Royalty income	(11,075)	(11,636)
Operating income	93,008	84,505
Interest expense	6,739	6,692
Interest income	(207)	(137)
Other expense, net	3,193	1,962
Income before income taxes	83,283	75,988
Provision for income taxes	29,303	26,196
Net income	$ 53,980	$ 49,792
Diluted net income per common share	$ 1.05	$ 0.94
Dividend declared and paid per common share	1.04	0.94
Dividend declared per common share	$ 0.33	$ 0.22

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 53,980	$ 49,792
Other comprehensive income (loss):
Foreign currency translation adjustments	5,286	(5,994)
Comprehensive income	$ 59,266	$ 43,798

- Definition

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

+ References + Details

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - 3 months ended Apr. 02, 2016 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Retained Earnings [Member]
Balance at Jan. 02, 2016	$ 875,051	$ 518	$ 0	$ (36,367)	$ 910,900
Balance (in shares) at Jan. 02, 2016	51,764,309	51,764,309
Income tax benefit from stock-based compensation	$ 3,144		3,144
Exercise of stock options	3,747	$ 1	3,746
Exercise of stock options (in shares)		87,225
Withholdings from vesting of restricted stock	(8,454)	$ (1)	(8,453)
Withholdings from vesting of restricted stock (in shares)		(89,368)
Restricted stock activity	0	$ 1	(1)
Restricted stock activity (in shares)		166,593
Stock-based compensation expense	4,556		4,556
Repurchase of common stock	(71,561)	$ (7)	(2,992)		(68,562)
Repurchase of common stock (in shares)		(722,364)
Cash dividends declared and paid	(17,032)				(17,032)
Comprehensive income (loss)	59,266			5,286	53,980
Balance at Apr. 02, 2016	$ 848,717	$ 512	$ 0	$ (31,081)	$ 879,286
Balance (in shares) at Apr. 02, 2016	51,206,395	51,206,395

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands, $ in Thousands	3 Months Ended
	Apr. 02, 2016 USD ($)	Apr. 04, 2015 USD ($)
Cash flows from operating activities:
Net income	$ 53,980	$ 49,792
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	17,177	14,875
Amortization of tradenames	995	2,325
Accretion of contingent consideration	0	483
Amortization of debt issuance costs	361	280
Non-cash stock-based compensation expense	4,556	4,740
Unrealized foreign currency exchange loss, net	3,780	1,652
Income tax benefit from stock-based compensation	(3,144)	(5,771)
Loss on disposal of property, plant, and equipment	192	52
Deferred income taxes	2,226	2,207
Effect of changes in operating assets and liabilities:
Accounts receivable, net	15,247	(11,402)
Finished goods inventories	96,056	83,349
Prepaid expenses and other assets	(576)	(472)
Accounts payable and other liabilities	(62,568)	(54,886)
Net cash provided by operating activities	128,282	87,224
Cash flows from investing activities:
Capital expenditures	(25,552)	(20,760)
Proceeds from sale of property, plant, and equipment	0	76
Net cash used in investing activities	(25,552)	(20,684)
Cash flows from financing activities:
Borrowings under secured revolving credit facility	0	20,349
Payments on secured revolving credit facility	0	20,000
Repurchase of common stock	(71,561)	(14,120)
Dividends paid	(17,032)	(11,597)
Income tax benefit from stock-based compensation	3,144	5,771
Withholdings from vesting of restricted stock	(8,454)	(12,331)
Proceeds from exercise of stock options	3,747	2,768
Net cash used in financing activities	90,156	29,160
Effect of exchange rate changes on cash and cash equivalents	1,358	(618)
Net increase in cash and cash equivalents	13,932	36,762
Cash and cash equivalents, beginning of period	381,209	340,638
Cash and cash equivalents, end of period	$ 395,141	$ 377,400

THE COMPANY	3 Months Ended
THE COMPANY	Apr. 02, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
THE COMPANY	THE COMPANY Carter's, Inc. and its wholly owned subsidiaries (collectively, the "Company," "its," "us" and "our") design, source, and market branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, OshKosh, and other brands. The Company's products are sourced through contractual arrangements with manufacturers worldwide for wholesale distribution to major domestic and international retailers and for the Company's own retail stores and websites that market its brand name merchandise and other licensed products manufactured by other companies. As of April 2, 2016, the Company operated 610 Carter’s stores in the United States, 251 OshKosh stores in the United States, and 149 stores in Canada.

BASIS OF PREPARATION	3 Months Ended
BASIS OF PREPARATION	Apr. 02, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PREPARATION	BASIS OF PREPARATION AND ADOPTION OF NEW ACCOUNTING PRONOUNCEMENTS The accompanying unaudited condensed consolidated financial statements include the accounts of Carter's, Inc. and its wholly owned subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information and the rules and regulations of the Securities and Exchange Commission (the "SEC"). All intercompany transactions and balances have been eliminated in consolidation. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all normal and recurring adjustments necessary to state fairly the consolidated financial condition, results of operations, comprehensive income, statement of stockholders' equity, and cash flows of the Company for the interim periods presented. Except as otherwise disclosed, all such adjustments consist only of those of a normal recurring nature. Operating results for the fiscal quarter ended April 2, 2016 are not necessarily indicative of the results that may be expected for the 2016 fiscal year ending December 31, 2016. The preparation of these unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates. The accompanying condensed consolidated balance sheet as of January 2, 2016 was derived from the Company's audited consolidated financial statements included in its most recently filed Annual Report on Form 10-K. Certain information and footnote disclosure normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the rules and regulations of the SEC and the instructions to Form 10-Q. The accounting policies the Company follows are set forth in its most recently filed Annual Report on Form 10-K. There have been no material subsequent changes to these accounting policies, except as noted below for new accounting pronouncements adopted in the fiscal quarter ended April 2, 2016. Adoption of New Accounting Pronouncements During the Fiscal Quarter Ended April 2, 2016 At the beginning of fiscal 2016, the Company adopted the following Accounting Standards Updates ("ASU"): ASU No. 2015-05, Customer's Accounting for Fees Paid in a Cloud Computing Arrangement ("ASU 2015-05"); ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"); and ASU No. 2015-04, Practical Expedient for the Measurement Date of an Employer's Defined Benefit Obligation and Plan Assets ("ASU 2015-04"). ASU 2015-05 The Company prospectively adopted the provisions of ASU No. 2015-05, Customer's Accounting for Fees Paid in a Cloud Computing Arrangement at the beginning of fiscal 2016, as it relates to the accounting for fees paid in connection with arrangements with cloud-based software providers. Under the new guidance, unless a software arrangement includes specific elements enabling customers to possess and operate software on platforms other than those offered by the cloud-based provider, the costs of such arrangements are accounted for as an operating expense in the period in which such costs are incurred. The adoption was not material to the Company's financial position, results of operations, or cash flows. For the Company's adoption of ASU 2015-03, refer to Note 6, Long-Term Debt, accompanying the unaudited condensed consolidated financial statements in this Quarterly Report on Form 10-Q. The adoption of this guidance was effective at the beginning of fiscal 2016 and the provisions have been applied to each prior period presented for comparative purposes. For the Company's adoption of ASU 2015-04, refer to Note 8, Employee Benefit Plans, accompanying the unaudited condensed consolidated financial statements in this Quarterly Report on Form 10-Q.

ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Apr. 02, 2016

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

The components, net of applicable income taxes, of accumulated other comprehensive loss consisted of the following:



(dollars in thousands)	April 2, 2016			January 2, 2016			April 4, 2015
Cumulative foreign currency translation adjustments	$	(24,300	)	$	(29,586	)	$	(21,391	)
Pension and post-retirement liability adjustments	(6,781		)	(6,781		)	(7,640		)
Total accumulated other comprehensive loss	$	(31,081	)	$	(36,367	)	$	(29,031	)

Changes in accumulated other comprehensive loss consisted of additional gains of $5.3 million and additional losses of $6.0 million for foreign currency translation adjustments for the first quarters of fiscal 2016 and fiscal 2015, respectively. During the first quarters of fiscal 2016 and fiscal 2015, no amounts were reclassified from accumulated other comprehensive loss to the statement of operations.

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

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+ Details

GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Apr. 02, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

The Company's goodwill and other intangible assets were as follows:



		April 2, 2016						January 2, 2016
(dollars in thousands)	Weighted-average useful life	Gross amount		Accumulated amortization		Net amount		Gross amount		Accumulated amortization		Net amount

Carter's goodwill	Indefinite	$	136,570	$	—	$	136,570	$	136,570	$	—	$	136,570
Bonnie Togs goodwill	Indefinite	40,668		—		40,668		38,304		—		38,304
Total goodwill		$	177,238	$	—	$	177,238	$	174,874	$	—	$	174,874

Carter's tradename	Indefinite	$	220,233	$	—	$	220,233	$	220,233	$	—	$	220,233
OshKosh tradename	Indefinite	85,500		—		85,500		85,500		—		85,500
Other tradenames	2-20 years	42,019		37,899		4,120		41,992		36,877		5,115
Total tradenames		$	347,752	$	37,899	$	309,853	$	347,725	$	36,877	$	310,848
Non-compete agreements	4 years	211		211		—		199		199		—
Total tradenames and other intangibles, net		$	347,963	$	38,110	$	309,853	$	347,924	$	37,076	$	310,848



		April 4, 2015
(dollars in thousands)	Weighted-average useful life	Gross amount		Accumulated amortization		Net amount

Carter's goodwill	Indefinite	$	136,570	$	—	$	136,570
Bonnie Togs goodwill	Indefinite	42,289		—		42,289
Total goodwill		$	178,859	$	—	$	178,859

Carter's tradename	Indefinite	$	220,233	$	—	$	220,233
OshKosh tradename	Indefinite	85,500		—		85,500
Other tradenames	2-20 years	42,037		32,830		9,207
Total tradenames		$	347,770	$	32,830	$	314,940
Non-compete agreements	4 years	220		205		15
Total tradenames and other intangibles, net		$	347,990	$	33,035	$	314,955

The changes in the carrying value of Bonnie Togs goodwill between the comparative periods were solely due to fluctuations in the foreign currency exchange rates between the Canadian and U.S. dollar that were used in the remeasurement process for preparing the Company's consolidated financial statements. The portion of the changes in the carrying values for other trademarks, including the related accumulated amortization, that was not attributable to amortization expense was also impacted by these same foreign currency exchange rate fluctuations.

The Company recorded approximately $1.0 million and $2.3 million in amortization expense for the fiscal quarters ended April 2, 2016 and April 4, 2015, respectively. At April 2, 2016, the estimated future amortization expense for these assets is approximately $0.9 million for the remainder of fiscal 2016, $0.2 million for fiscal 2017, $0.2 million for each of fiscal year 2018, 2019 and 2020, and $2.5 million thereafter.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

COMMON STOCK

3 Months Ended

Apr. 02, 2016

Stockholders' Equity Note [Abstract]

COMMON STOCK

SHARE REPURCHASES

In the second quarter of fiscal 2013, the Company's Board of Directors authorized the repurchase of shares of the Company's stock in an amount up to $300 million, inclusive of amounts remaining under previous authorizations. In the third quarter of fiscal 2013, the Board approved an additional $400 million accelerated share repurchase authorization, which has been completed. On February 24, 2016, the Company's Board of Directors authorized a new $500 million share repurchase program in addition to amounts remaining under previous authorizations. The total remaining capacity under the outstanding repurchase authorizations as of April 2, 2016 was approximately $503.3 million, based on settled repurchase transactions. The authorizations have no expiration date.

Open Market Repurchases

The Company repurchased and retired shares in open market transactions in the following amounts for the fiscal periods indicated:



	Fiscal quarter ended
	April 2, 2016		April 4, 2015
Number of shares repurchased	722,364		157,900
Aggregate cost of shares repurchased - in thousands $	$	71,561	$	14,120
Average price per share	$	99.07	$	89.43

Future repurchases may occur from time to time in the open market, in privately 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.

DIVIDENDS

In the first quarters of fiscal 2016 and fiscal 2015, the Company paid cash dividends per share of $0.33 and $0.22, respectively. Future declarations of dividends and the establishment of future record and payment dates are at the discretion of the Company's Board of Directors and based on a number of factors, including the Company's future financial performance and other investment priorities.

Provisions in the indenture governing the senior notes of The William Carter Company ("TWCC"), a 100% owned subsidiary of the Company, and in TWCC's secured revolving credit facility could have the effect of restricting the Company's ability to pay future cash dividends on, or make future repurchases of, its common stock. Provisions related to the indenture governing the senior notes are described in the Company's Annual Report on Form 10-K for the 2015 fiscal year ended January 2, 2016.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

+ Details

LONG-TERM DEBT

3 Months Ended

Apr. 02, 2016

Debt Disclosure [Abstract]

LONG-TERM DEBT

Long-term debt consisted of the following:



(dollars in thousands)	April 2, 2016			January 2, 2016			April 4, 2015
Senior notes at amounts repayable	$	400,000		$	400,000		$	400,000
Less unamortized issuance-related costs for senior notes	(5,250		)	(5,459		)	(6,076		)
Senior notes, net	394,750			394,541			393,924
Secured revolving credit facility	185,569			184,431			186,349
Total long-term debt, net	$	580,319		$	578,972		$	580,273

In the first quarter of fiscal 2015, the Company replaced $20.0 million of outstanding borrowings under the then-existing secured revolving credit facility with CAD 25.5 million of borrowings, which approximated $20.3 million. This transaction is reflected on the Company's consolidated statement of cash flows.

Secured Revolving Credit Facility

As previously disclosed in the Company's most recent Annual Report on Form 10-K for the fiscal year ended January 2, 2016, the secured revolving credit facility was amended and restated in September 2015. The aggregate principal amount of the secured revolving credit facility is $500 million consisting of (i) a $400 million U.S. dollar revolving credit facility (including a $175 million sub-limit for letters of credit and a swing line sub-limit of $50 million) available for borrowings by TWCC and (ii) a $100 million multicurrency revolving credit facility (including a $40 million sub-limit for letters of credit and a swing line sub-limit of $15 million) available for borrowings by TWCC and certain other subsidiaries of TWCC in U.S. dollars, Canadian dollars, Euros, Pounds Sterling, or other currencies agreed to by the applicable lenders. The secured revolving credit facility also provides for incremental facilities in an aggregate amount not to exceed $250 million, either in the form of a commitment increase under the existing revolving credit facility or the incurrence of one or more tranches of term loans (with the aggregate U.S. dollar amount available to the Company not to exceed $200 million and the aggregate multicurrency amount available not to exceed $50 million). The Company's secured revolving credit facility matures September 16, 2020.

As of April 2, 2016, the Company had approximately $185.6 million in outstanding borrowings under its secured revolving credit facility, exclusive of $4.9 million of outstanding letters of credit. As of April 2, 2016, there was approximately $309.6 million available for future borrowing.

As of April 2, 2016, the interest rate margins applicable to the secured revolving credit facility were 1.375% for LIBOR (London Interbank Offered Rate) rate loans (which may be adjusted based on a leverage-based pricing grid ranging from 1.125% to 1.875%) and 0.375% for base rate loans (which may be adjusted based on a leverage-based pricing grid ranging from 0.125% to 0.875%).

As of April 2, 2016, U.S. dollar borrowings outstanding under the secured revolving credit facility accrued interest at a LIBOR rate plus the applicable base rate, which was 1.80% on that date, and Canadian dollar borrowings accrued interest at a CDOR (Canadian Dollar Offered Rate) plus the applicable base rate, which was 2.24% on that date.

As disclosed in the Company's most recent Annual Report on Form 10-K for the fiscal year ended January 2, 2016, the Company's secured revolving credit facility contains covenants, including affirmative and financial covenants. As of April 2, 2016, the Company was in compliance with the financial and other covenants under the secured revolving credit facility.

Senior Notes

As of April 2, 2016, TWCC had outstanding $400 million principal amount of senior notes bearing interest at a fixed rate of 5.25% per annum and maturing on August 15, 2021. The senior notes are unsecured and are fully and unconditionally guaranteed by Carter's, Inc. and certain subsidiaries of TWCC. On the Company's consolidated balance sheet, the senior notes are reported net of certain unamortized issuance-related costs, as described in the following section.

Adoption of New Accounting Pronouncement Related to Debt Issuance Costs

The Company retrospectively adopted the provisions of Accounting Standards Update No. 2015-03, Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"), at the beginning of fiscal 2016, which requires that debt issuance costs be presented as a direct deduction from the carrying amount of the related debt liability, consistent with the presentation of a debt discount. Prior to the issuance of ASU 2015-03, debt issuance costs were required to be presented as deferred charge assets, separate from the related debt liability. The guidance did not change the recognition and measurement requirements for debt issuance costs. The Company reclassified $5.3 million, $5.5 million, and $6.1 million of unamortized issuance-related debt costs associated with the Company's senior notes from other assets to Long-term debt, net within its consolidated balance sheets as of April 2, 2016, January 2, 2016, and April 4, 2015, respectively. Other than this balance sheet reclassification, the adoption of ASU 2015-03 did not have an impact on the Company's consolidated financial statements. Fees paid to lenders to secure revolving lines of credit continue to be presented as a deferred charge (asset) on the balance sheet.

STOCK-BASED COMPENSATION

3 Months Ended

Apr. 02, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK-BASED COMPENSATION

The Company recorded stock-based compensation expense as follows:



	Fiscal quarter ended
(dollars in thousands)	April 2, 2016		April 4, 2015
Stock options	$	1,296	$	1,324
Restricted stock:
Time-based awards	2,145		2,083
Performance-based awards	1,115		1,333
Total	$	4,556	$	4,740

On February 16, 2016, the Company's Board of Directors approved the issuance of the following new awards to certain key employees under the Company's existing stock-based compensation plan, subject to vesting: 204,100 stock options with an exercise price of $90.66 each; 116,644 shares of time-based restricted stock awards with a grant-date fair value of $90.66 each; and 53,070 shares of performance-based restricted stock awards with a grant-date fair value of $90.66 each.

During the first quarter of fiscal 2016, a total of 199,937 restricted stock awards (time- and performance-based) vested with a weighted-average grant-date fair value of $60.23 each. During the first quarter of fiscal 2015, a total of 331,163 restricted stock awards (time- and performance-based) vested with a weighted average grant-date fair value of $41.16 each.

EMPLOYEE BENEFIT PLANS

3 Months Ended

Apr. 02, 2016

Compensation and Retirement Disclosure [Abstract]

EMPLOYEE BENEFIT PLANS

The Company maintains a defined contribution plan and two defined benefit plans. The two defined benefit plans include the OshKosh B'Gosh pension plan and a post-retirement life and medical plan.

OSHKOSH B'GOSH PENSION PLAN

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



	Fiscal quarter ended
(dollars in thousands)	April 2, 2016			April 4, 2015
Interest cost	$	629		$	623
Expected return on plan assets	(676		)	(785		)
Recognized actuarial loss	145			161
Net periodic pension (benefit) cost	$	98		$	(1	)

POST-RETIREMENT LIFE AND MEDICAL PLAN

The components of post-retirement benefit expense charged to the statement of operations were as follows:



	Fiscal quarter ended
(dollars in thousands)	April 2, 2016			April 4, 2015

Service cost – benefits attributed to service during the period	$	31		$	32
Interest cost on accumulated post-retirement benefit obligation	44			45
Amortization net actuarial gain	(49		)	(48		)
Total net periodic post-retirement benefit cost	$	26		$	29

Simplified Measurement Date for Defined Benefit Plan Assets and Obligations

The Company adopted the provisions of ASU No. 2015-04, Practical Expedient for the Measurement Date of an Employer's Defined Benefit Obligation and Plan Assets ("ASU 2015-04") at the beginning of fiscal 2016. However, the Company is not required to make any such measurements until the end of fiscal 2016. ASU 2015-04 allows employers with fiscal year ends that do not coincide with a calendar month end to make an accounting policy election to measure defined benefit plan assets and obligations as of the end of the month closest to their fiscal year end (i.e., on an alternative measurement date). An employer that makes this election must consistently apply the alternative measurement date from year to year and to all of its defined benefit plans. The Company expects to make the accounting policy election to use December 31 as the measurement date for all of its defined benefit plan assets and obligations for fiscal 2016 and subsequent years. Measurement dates for prior periods will not be impacted. The Company does not expect the use of the alternative measurement date of December 31, 2016 to have a material impact on the Company's results of operations, financial condition, or cash flows.

INCOME TAXES	3 Months Ended
INCOME TAXES	Apr. 02, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES In the first quarter of fiscal 2015, the Internal Revenue Service completed an income tax audit for fiscal 2011- 2013. As a result of the settlement of this audit and an ongoing state income tax audit, the Company recognized prior-year income tax benefits of approximately $1.8 million in the first quarter of fiscal 2015. In most cases, the Company is no longer subject to state and local tax authority examinations for years prior to fiscal 2012. As of April 2, 2016, the Company had gross unrecognized income tax benefits of approximately $9.2 million, of which $6.4 million, if ultimately recognized, may affect the Company's effective tax rate in the periods settled. The Company has recorded tax positions for which the ultimate deductibility is more likely than not, but for which there is uncertainty about the timing of such deductions. Included in the reserves for unrecognized tax benefits at April 2, 2016 are approximately $1.0 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 affect the annual effective tax rate for fiscal 2016 or fiscal 2017 along with the effective tax rate in the quarter in which the benefits are recognized. The Company recognizes interest related to unrecognized tax benefits as a component of interest expense and recognizes penalties related to unrecognized tax benefits as a component of income tax expense. During the fiscal quarters ended April 2, 2016 and April 4, 2015, interest expense recorded on uncertain tax positions was not significant. The Company had approximately $0.7 million, $0.8 million, and $0.8 million of interest accrued on uncertain tax positions as of April 2, 2016, January 2, 2016, and April 4, 2015, respectively.

FAIR VALUE MEASUREMENTS

3 Months Ended

Apr. 02, 2016

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS



	April 2, 2016						January 2, 2016						April 4, 2015
(dollars in millions)	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Investments	$	8.2	$	—	$	—	$	8.6	$	—	$	—	$	7.9	$	—	$	—
Foreign exchange forward contracts (1)	$	—	$	0.1	$	—	$	—	$	2.1	$	—	$	—	$	—	$	—

Liabilities
Foreign exchange forward contracts (2)	$	—	$	2.1	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Contingent consideration	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	7.7

(1) Included in Prepaid expenses and other current assets in the Company's condensed consolidated balance sheet.

(2) Included in Other current liabilities in the Company's condensed consolidated balance sheet.

INVESTMENTS

The Company invests in marketable securities, principally equity-based mutual funds, to mitigate the risk associated with the investment return on employee deferrals of compensation.

Losses on the investments in marketable securities were $0.4 million for the fiscal quarter ended April 2, 2016. Gains on the investments in marketable securities were $0.2 million for the fiscal quarter ended April 4, 2015. These amounts are included in Other expense, net on the Company's consolidated statement of operations included in this Quarterly Report on Form 10-Q.

FOREIGN CURRENCY CONTRACTS

Fair values for unsettled foreign exchange forward contracts are calculated by using readily observable market inputs (market-quoted currency exchange rates in effect between U.S. and Canadian dollars).

At April 2, 2016, the notional value of the open foreign currency forward contracts was $44.0 million.

The Company recorded realized gains of approximately $0.8 million for contracts settled during the first quarter of fiscal 2016. These amounts are included in Other expense, net on the Company's consolidated statement of operations. The Company did not apply hedge accounting treatment on any of these foreign currency contracts.

The Company recorded approximately $2.0 million of unrealized losses on open contracts that were marked to market as of April 2, 2016.

During the first quarter of fiscal 2015, the Company had no foreign exchange contracts.

CONTINGENT CONSIDERATION

The following table summarizes the changes in the contingent consideration liability during the first quarter of fiscal 2015 related to the Company's 2011 acquisition of Bonnie Togs:



	Fiscal quarter ended
(dollars in thousands)	April 4, 2015
Balance at the beginning of period	$	7,711
Accretion	483
Foreign currency translation adjustment	(533		)
Balance at the end of period	$	7,661

At April 2, 2016 and January 2, 2016, the Company had no remaining contingent consideration liability.

BORROWINGS

As of April 2, 2016, the fair value of the Company's $185.6 million in outstanding borrowings under its secured revolving credit facility approximated carrying value.

The fair value of the Company's senior notes at April 2, 2016 was approximately $413 million. The fair value of these senior notes with a notional value and carrying value of $400 million was estimated using a quoted price as provided in the secondary market, which considers the Company’s credit risk and market related conditions, and is therefore within Level 2 of the fair value hierarchy.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

EARNINGS PER SHARE

3 Months Ended

Apr. 02, 2016

Earnings Per Share [Abstract]

EARNINGS PER SHARE

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



	Fiscal quarter ended
	April 2, 2016			April 4, 2015

Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding	51,176,987			52,119,215
Dilutive effect of equity awards	467,103			495,386
Diluted number of common and common equivalent shares outstanding	51,644,090			52,614,601



Basic net income per common share (in thousands, except per share data):
Net income	$	53,980		$	49,792
Income allocated to participating securities	(444		)	(560		)
Net income available to common shareholders	$	53,536		$	49,232

Basic net income per common share	$	1.05		$	0.94

Diluted net income per common share (in thousands, except per share data):
Net income	$	53,980		$	49,792
Income allocated to participating securities	(441		)	(556		)
Net income available to common shareholders	$	53,539		$	49,236

Diluted net income per common share	$	1.04		$	0.94

Anti-dilutive shares excluded from dilutive earnings per share computation	386,030			183,400

OTHER CURRENT AND LONG-TERM LIABILITIES

3 Months Ended

Apr. 02, 2016

Other Liabilities Disclosure [Abstract]

OTHER CURRENT AND LONG-TERM LIABILITIES

Other current liabilities that exceeded five percent of total current liabilities, at the end of any comparable period, were as follows:



(dollars in thousands)	April 2, 2016		January 2, 2016		April 4, 2015
Accrued bonuses and incentive compensation	$	4,148	$	17,934	$	4,396
Income taxes payable	19,195		3,802		18,410
Accrued customer loyalty program reserve	10,276		7,037		—
Accrued salaries and wages	10,284		3,377		8,111
Unredeemed gift cards	9,996		10,940		9,882
Accrued employee benefits	8,157		19,751		7,498
Accrued and deferred rent	13,409		12,590		12,480

Other long-term liabilities that exceeded five percent of total liabilities, at the end of any comparable period, were as follows:



(dollars in thousands)	April 2, 2016		January 2, 2016		April 4, 2015
Deferred lease incentives	$	72,086	$	70,060	$	68,652

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Apr. 02, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES The Company is subject to various claims and pending or threatened lawsuits in the normal course of business. The Company is not currently a party to any legal proceedings that it believes would have a material adverse impact on its financial position, results of operations, or cash flows.

SEGMENT INFORMATION

3 Months Ended

Apr. 02, 2016

Segment Reporting [Abstract]

SEGMENT INFORMATION

The table below presents certain information for our reportable segments and unallocated corporate expenses for the periods indicated:



	Fiscal quarter ended
(dollars in thousands)	April 2, 2016			% of Total Net Sales		April 4, 2015			% of Total Net Sales
Net sales:
Carter’s Wholesale	$	280,140		38.7	%	$	269,315		39.3	%
Carter’s Retail (a)	272,323			37.6	%	257,727			37.7	%
Total Carter’s (U.S.)	552,463			76.3	%	527,042			77.0	%
OshKosh Retail (a)	81,766			11.3	%	73,042			10.7	%
OshKosh Wholesale	11,914			1.6	%	16,051			2.3	%
Total OshKosh (U.S.)	93,680			12.9	%	89,093			13.0	%
International (b)	77,942			10.8	%	68,629			10.0	%
Total net sales	$	724,085		100.0	%	$	684,764		100.0	%

Operating income (loss):				% of Segment Net Sales					% of Segment Net Sales
Carter’s Wholesale	$	66,205		23.6	%	$	57,931		21.5	%
Carter’s Retail (a)	41,254			15.1	%	44,493			17.3	%
Total Carter’s (U.S.)	107,459			19.5	%	102,424			19.4	%
OshKosh Retail (a)	(1,785		)	(2.2	)%	(960		)	(1.3	)%
OshKosh Wholesale	2,206			18.5	%	2,979			18.6	%
Total OshKosh (U.S.)	421			0.4	%	2,019			2.3	%
International (b) (c)	8,441			10.8	%	6,511			9.5	%
Corporate expenses (d) (e)	(23,313		)			(26,449		)
Total operating income	$	93,008		12.8	%	$	84,505		12.3	%


(a)	Includes eCommerce results.


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


(c)	Includes charges associated with the revaluation of the Company's contingent consideration related to the Company's 2011 acquisition of Bonnie Togs of approximately $0.5 million for the fiscal quarter ended April 4, 2015.


(d)	Corporate expenses include expenses related to incentive compensation, stock-based compensation, executive management, severance and relocation, finance, building occupancy, information technology, certain legal fees, consulting, and audit fees.


(e)	Includes charges related to the amortization of tradenames of $1.0 million for the fiscal quarter ended April 2, 2016, and $2.3 million for the fiscal quarter ended April 4, 2015.

- 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

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+ Details

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Apr. 02, 2016
Accounting Policies [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	CENT ACCOUNTING PRONOUNCEMENTS Revenue Recognition In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which has been codified in Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers. This guidance clarifies the principles for recognizing revenue and will be applicable to all contracts with customers regardless of industry-specific or transaction-specific fact patterns. Further, the guidance will require improved disclosures as well as additional disclosures to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue that is recognized. The standard is effective for the Company beginning in the first quarter of fiscal 2018, including interim periods within that first fiscal year, and early adoption is now permitted for 2017. Upon becoming effective, the Company will apply the amendments in the updated standard either retrospectively to each prior reporting period presented, or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application. The Company is currently evaluating the impact of adopting this guidance on its consolidated financial position, results of operations, and cash flows. Since the original issuance of ASU 2014-09, the FASB has issued several amendments and updates to this guidance, and additional amendments and updates are currently being considered by the FASB. Simplified Subsequent Measurement of Inventory In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory ("ASU 2015-11"). Upon adoption by an entity, ASU 2015-11 will simplify the subsequent measurement of inventory by replacing the current lower of cost or market test with a lower of cost and net realizable value test. The new guidance applies only to inventories for which cost is determined by methods other than last-in-first-out (LIFO) and the retail inventory method. For inventory within the scope of ASU 2015-11, entities will be required to compare the cost of inventory to only one measure, its net realizable value, and not the three measures required by current guidance ("market," "subject to a floor," and a "ceiling"). When evidence exists that the net realizable value of inventory is less than its cost (due to damage, physical deterioration, obsolescence, changes in price levels or other causes), entities will recognize the difference as a loss in earnings in the period in which it occurs. ASU 2015-11 is effective for public entities for fiscal years beginning after December 15, 2016, and interim periods within the year of adoption. Early adoption is permitted. The Company expects to adopt the provisions of ASU 2015-11 at the beginning of fiscal 2017. At this time, the Company does not believe the adoption of ASU 2015-11 will have a material impact on its consolidated financial condition, results of operations, or cash flows. Balance Sheet Classification of Deferred Taxes In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes ("ASU 2015-17"). Current GAAP requires the deferred taxes for each tax jurisdiction (or tax-paying component of a jurisdiction) to be presented as a net current asset or liability and net noncurrent asset or liability. This requires a jurisdiction-by-jurisdiction analysis based on the classification of the assets and liabilities to which the underlying temporary differences relate based on the period in which the attribute is expected to be realized. Upon adoption of ASU 2015-17, all deferred tax assets and liabilities will be classified as noncurrent on an entity's balance sheet. As a result, each jurisdiction will have only one net noncurrent deferred tax asset or liability. ASU 2015-17 will not change the existing guidance that prohibits the offsetting of deferred tax liabilities of one jurisdiction against the deferred tax assets of another jurisdiction. ASU 2015-17 is effective for public entities in fiscal years beginning after December 15, 2016, including interim periods in the year of adoption. Early adoption is permitted, and adoption may be applied either prospectively or retrospectively. The Company plans to adopt ASU 2015-17 at the beginning of the first quarter of fiscal 2017. ASU 2015-17 will only involve classification of certain deferred tax assets and liabilities on the Company's consolidated balance sheet and will have no impact on the Company's results of operations or cash flows. The Company does not expect the adoption of ASU 2015-17 to be material to the Company's consolidated balance sheet. Leases In February 2016, the FASB issued new lease accounting guidance in ASU No. 2016-02, Leases. Under this new guidance, lessees will be required to recognize for all leases (with the exception of short-term leases): 1) a lease liability equal to the lessee's obligation to make lease payments arising from a lease, measured on a discounted basis and 2) a right-of-use asset which will represent the lessee's right to use, or control the use of, a specified asset for the lease term. The new standard will be effective for the Company at the beginning of fiscal 2019, including interim periods within the year of adoption. The new standard may be applied on a full retrospective basis or a modified retrospective basis, and early adoption is permitted. The Company is still evaluating the potential impacts of ASU 2016-02 on its consolidated financial statements. However, the Company expects that the adoption of ASU 2016-02 will require the Company to recognize right-of-use assets and lease liabilities that will be material to the Company's consolidated balance sheet. Accounting for Share-Based Payments to Employees In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Arrangements ("ASU 2016-09"), which amends ASC Topic 718, Stock Compensation. ASU 2016-09 includes provisions intended to simplify various aspects related to how share-based payments are accounted for and presented in the financial statements. All tax benefits and deficiencies related to share-based payments will be recognized and recorded through the statement of operations for all awards settled or expiring after the adoption of ASU 2016-09. Currently, tax benefits in excess of compensation costs ("windfalls") are recorded in equity, and tax deficiencies ("shortfalls") are recorded in equity to the extent of previous windfalls and then to the statement of operations. ASU 2016-09 will also require, either prospectively or retrospectively, that all tax-related cash flows resulting from share-based payments be reported as operating activities on the statement of cash flows, a change from the current requirement to present windfall tax benefits as an inflow from financing activities and an outflow from operating activities on the statement of cash flows. Additionally, ASU 2016-09 will allow entities to make an accounting policy election for the impact of most types of forfeitures on the recognition of expense for share-based payment awards by allowing the forfeitures to be either estimated, as is currently required, or recognized when they actually occur. If elected, the change to recognize forfeitures when they occur will be adopted using a modified retrospective approach, with a cumulative effect adjustment recorded to retained earnings. ASU 2016-09 will be effective for the Company at the beginning of fiscal 2017, including interim periods in the year of adoption. Early adoption is permitted in any interim or annual period. The Company is still evaluating the potential impacts of ASU 2016-09 on its consolidated financial statements.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22580-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22499-107794

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305

+ Details

GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

3 Months Ended

Apr. 02, 2016

Condensed Income Statements, Captions [Line Items]

Condensed Income Statement [Table Text Block]

For the fiscal quarter ended April 2, 2016

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	451,196		$	381,280		$	55,830		$	(164,221	)	$	724,085
Cost of goods sold	—			321,100			211,028			33,091			(152,063		)	413,156
Gross profit	—			130,096			170,252			22,739			(12,158		)	310,929
Selling, general, and administrative expenses	—			42,587			172,142			23,377			(9,110		)	228,996
Royalty income	—			(9,072		)	(4,211		)	—			2,208			(11,075		)
Operating income (loss)	—			96,581			2,321			(638		)	(5,256		)	93,008
Interest expense	—			6,608			845			103			(817		)	6,739
Interest income	—			(985		)	—			(39		)	817			(207		)
(Income) loss in subsidiaries	(53,980		)	6,496			3,340			—			44,144			—
Other expense (income), net	—			200			(214		)	3,207			—			3,193
Income (loss) before income taxes	53,980			84,262			(1,650		)	(3,909		)	(49,400		)	83,283
Provision for income taxes	—			25,026			4,846			(569		)	—			29,303
Net income (loss)	$	53,980		$	59,236		$	(6,496	)	$	(3,340	)	$	(49,400	)	$	53,980

Condensed Consolidating Statements of Operations (unaudited)

For the fiscal quarter ended April 2, 2016

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	451,196		$	381,280		$	55,830		$	(164,221	)	$	724,085
Cost of goods sold	—			321,100			211,028			33,091			(152,063		)	413,156
Gross profit	—			130,096			170,252			22,739			(12,158		)	310,929
Selling, general, and administrative expenses	—			42,587			172,142			23,377			(9,110		)	228,996
Royalty income	—			(9,072		)	(4,211		)	—			2,208			(11,075		)
Operating income (loss)	—			96,581			2,321			(638		)	(5,256		)	93,008
Interest expense	—			6,608			845			103			(817		)	6,739
Interest income	—			(985		)	—			(39		)	817			(207		)
(Income) loss in subsidiaries	(53,980		)	6,496			3,340			—			44,144			—
Other expense (income), net	—			200			(214		)	3,207			—			3,193
Income (loss) before income taxes	53,980			84,262			(1,650		)	(3,909		)	(49,400		)	83,283
Provision for income taxes	—			25,026			4,846			(569		)	—			29,303
Net income (loss)	$	53,980		$	59,236		$	(6,496	)	$	(3,340	)	$	(49,400	)	$	53,980

For the fiscal quarter ended April 4, 2015

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	435,286		$	359,396		$	47,120		$	(157,038	)	$	684,764
Cost of goods sold	—			298,211			222,915			30,479			(150,893		)	400,712
Gross profit	—			137,075			136,481			16,641			(6,145		)	284,052
Selling, general, and administrative expenses	—			42,249			157,263			19,831			(8,160		)	211,183
Royalty income	—			(9,039		)	(4,711		)	—			2,114			(11,636		)
Operating income (loss)	—			103,865			(16,071		)	(3,190		)	(99		)	84,505
Interest expense	—			6,662			1,343			115			(1,428		)	6,692
Interest income	—			(1,557		)	—			(8		)	1,428			(137		)
(Income) loss in subsidiaries	(49,792		)	23,394			(520		)	—			26,918			—
Other (income) expense, net	—			(146		)	137			1,971			—			1,962
Income (loss) before income taxes	49,792			75,512			(17,031		)	(5,268		)	(27,017		)	75,988
Provision for income taxes	—			25,621			1,980			(1,405		)	—			26,196
Net income (loss)	$	49,792		$	49,891		$	(19,011	)	$	(3,863	)	$	(27,017	)	$	49,792

GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

Condensed Consolidating Statements of Comprehensive Income (unaudited)

For the fiscal quarter ended April 2, 2016

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income (loss)	$	53,980	$	59,236	$	(6,496	)	$	(3,340	)	$	(49,400	)	$	53,980
Foreign currency translation adjustments	5,286		5,286		5,286			5,286			(15,858		)	5,286
Comprehensive income (loss)	$	59,266	$	64,522	$	(1,210	)	$	1,946		$	(65,258	)	$	59,266

For the fiscal quarter ended April 4, 2015

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income (loss)	$	49,792		$	49,891		$	(19,011	)	$	(3,863	)	$	(27,017	)	$	49,792
Foreign currency translation adjustments	(5,994		)	(5,994		)	8			(5,994		)	11,980			(5,994		)
Comprehensive income (loss)	$	43,798		$	43,897		$	(19,003	)	$	(9,857	)	$	(15,037	)	$	43,798

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

Apr. 02, 2016

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Loss

accumulated other comprehensive loss consisted of the following:



(dollars in thousands)	April 2, 2016			January 2, 2016			April 4, 2015
Cumulative foreign currency translation adjustments	$	(24,300	)	$	(29,586	)	$	(21,391	)
Pension and post-retirement liability adjustments	(6,781		)	(6,781		)	(7,640		)
Total accumulated other comprehensive loss	$	(31,081	)	$	(36,367	)	$	(29,031	)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Apr. 02, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Table

The Company's goodwill and other intangible assets were as follows:



		April 2, 2016						January 2, 2016
(dollars in thousands)	Weighted-average useful life	Gross amount		Accumulated amortization		Net amount		Gross amount		Accumulated amortization		Net amount

Carter's goodwill	Indefinite	$	136,570	$	—	$	136,570	$	136,570	$	—	$	136,570
Bonnie Togs goodwill	Indefinite	40,668		—		40,668		38,304		—		38,304
Total goodwill		$	177,238	$	—	$	177,238	$	174,874	$	—	$	174,874

Carter's tradename	Indefinite	$	220,233	$	—	$	220,233	$	220,233	$	—	$	220,233
OshKosh tradename	Indefinite	85,500		—		85,500		85,500		—		85,500
Other tradenames	2-20 years	42,019		37,899		4,120		41,992		36,877		5,115
Total tradenames		$	347,752	$	37,899	$	309,853	$	347,725	$	36,877	$	310,848
Non-compete agreements	4 years	211		211		—		199		199		—
Total tradenames and other intangibles, net		$	347,963	$	38,110	$	309,853	$	347,924	$	37,076	$	310,848



		April 4, 2015
(dollars in thousands)	Weighted-average useful life	Gross amount		Accumulated amortization		Net amount

Carter's goodwill	Indefinite	$	136,570	$	—	$	136,570
Bonnie Togs goodwill	Indefinite	42,289		—		42,289
Total goodwill		$	178,859	$	—	$	178,859

Carter's tradename	Indefinite	$	220,233	$	—	$	220,233
OshKosh tradename	Indefinite	85,500		—		85,500
Other tradenames	2-20 years	42,037		32,830		9,207
Total tradenames		$	347,770	$	32,830	$	314,940
Non-compete agreements	4 years	220		205		15
Total tradenames and other intangibles, net		$	347,990	$	33,035	$	314,955

LONG-TERM DEBT (Tables)

3 Months Ended

Apr. 02, 2016

Debt Disclosure [Abstract]

Schedule of long-term debt

Long-term debt consisted of the following:



(dollars in thousands)	April 2, 2016			January 2, 2016			April 4, 2015
Senior notes at amounts repayable	$	400,000		$	400,000		$	400,000
Less unamortized issuance-related costs for senior notes	(5,250		)	(5,459		)	(6,076		)
Senior notes, net	394,750			394,541			393,924
Secured revolving credit facility	185,569			184,431			186,349
Total long-term debt, net	$	580,319		$	578,972		$	580,273

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: 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.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

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=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
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-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Apr. 02, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of recorded stock-based compensation cost

The Company recorded stock-based compensation expense as follows:



	Fiscal quarter ended
(dollars in thousands)	April 2, 2016		April 4, 2015
Stock options	$	1,296	$	1,324
Restricted stock:
Time-based awards	2,145		2,083
Performance-based awards	1,115		1,333
Total	$	4,556	$	4,740

EMPLOYEE BENEFIT PLANS (Tables)

3 Months Ended

Apr. 02, 2016

Compensation and Retirement Disclosure [Abstract]

Components of pension expense and post-retirement benefit expense

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



	Fiscal quarter ended
(dollars in thousands)	April 2, 2016			April 4, 2015
Interest cost	$	629		$	623
Expected return on plan assets	(676		)	(785		)
Recognized actuarial loss	145			161
Net periodic pension (benefit) cost	$	98		$	(1	)

Schedule of Costs of Retirement Plans [Table Text Block]

The components of post-retirement benefit expense charged to the statement of operations were as follows:



	Fiscal quarter ended
(dollars in thousands)	April 2, 2016			April 4, 2015

Service cost – benefits attributed to service during the period	$	31		$	32
Interest cost on accumulated post-retirement benefit obligation	44			45
Amortization net actuarial gain	(49		)	(48		)
Total net periodic post-retirement benefit cost	$	26		$	29

Simplified Measurement Date for Defined Benefit Plan Assets and Obligations

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Apr. 02, 2016

Fair Value Disclosures [Abstract]

Fair value of investments



	April 2, 2016						January 2, 2016						April 4, 2015
(dollars in millions)	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Investments	$	8.2	$	—	$	—	$	8.6	$	—	$	—	$	7.9	$	—	$	—
Foreign exchange forward contracts (1)	$	—	$	0.1	$	—	$	—	$	2.1	$	—	$	—	$	—	$	—

Liabilities
Foreign exchange forward contracts (2)	$	—	$	2.1	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Contingent consideration	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	7.7

(1) Included in Prepaid expenses and other current assets in the Company's condensed consolidated balance sheet.

(2) Included in Other current liabilities in the Company's condensed consolidated balance sheet.

Schedule of changes in contingent consideration

The following table summarizes the changes in the contingent consideration liability during the first quarter of fiscal 2015 related to the Company's 2011 acquisition of Bonnie Togs:



	Fiscal quarter ended
(dollars in thousands)	April 4, 2015
Balance at the beginning of period	$	7,711
Accretion	483
Foreign currency translation adjustment	(533		)
Balance at the end of period	$	7,661

EARNINGS PER SHARE (Tables)

3 Months Ended

Apr. 02, 2016

Earnings Per Share [Abstract]

Reconciliation of basic common shares outstanding to diluted common and common equivalent shares outstanding

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



	Fiscal quarter ended
	April 2, 2016			April 4, 2015

Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding	51,176,987			52,119,215
Dilutive effect of equity awards	467,103			495,386
Diluted number of common and common equivalent shares outstanding	51,644,090			52,614,601



Basic net income per common share (in thousands, except per share data):
Net income	$	53,980		$	49,792
Income allocated to participating securities	(444		)	(560		)
Net income available to common shareholders	$	53,536		$	49,232

Basic net income per common share	$	1.05		$	0.94

Diluted net income per common share (in thousands, except per share data):
Net income	$	53,980		$	49,792
Income allocated to participating securities	(441		)	(556		)
Net income available to common shareholders	$	53,539		$	49,236

Diluted net income per common share	$	1.04		$	0.94

Anti-dilutive shares excluded from dilutive earnings per share computation	386,030			183,400

OTHER CURRENT AND LONG-TERM LIABILITIES (Tables)

3 Months Ended

Apr. 02, 2016

Other Liabilities Disclosure [Abstract]

Schedule of other current liabilities



(dollars in thousands)	April 2, 2016		January 2, 2016		April 4, 2015
Accrued bonuses and incentive compensation	$	4,148	$	17,934	$	4,396
Income taxes payable	19,195		3,802		18,410
Accrued customer loyalty program reserve	10,276		7,037		—
Accrued salaries and wages	10,284		3,377		8,111
Unredeemed gift cards	9,996		10,940		9,882
Accrued employee benefits	8,157		19,751		7,498
Accrued and deferred rent	13,409		12,590		12,480

Schedule of other long-term liabilities



(dollars in thousands)	April 2, 2016		January 2, 2016		April 4, 2015
Deferred lease incentives	$	72,086	$	70,060	$	68,652

SEGMENT INFORMATION (Tables)

3 Months Ended

Apr. 02, 2016

Segment Reporting [Abstract]

Schedule of segment information

The table below presents certain information for our reportable segments and unallocated corporate expenses for the periods indicated:



	Fiscal quarter ended
(dollars in thousands)	April 2, 2016			% of Total Net Sales		April 4, 2015			% of Total Net Sales
Net sales:
Carter’s Wholesale	$	280,140		38.7	%	$	269,315		39.3	%
Carter’s Retail (a)	272,323			37.6	%	257,727			37.7	%
Total Carter’s (U.S.)	552,463			76.3	%	527,042			77.0	%
OshKosh Retail (a)	81,766			11.3	%	73,042			10.7	%
OshKosh Wholesale	11,914			1.6	%	16,051			2.3	%
Total OshKosh (U.S.)	93,680			12.9	%	89,093			13.0	%
International (b)	77,942			10.8	%	68,629			10.0	%
Total net sales	$	724,085		100.0	%	$	684,764		100.0	%

Operating income (loss):				% of Segment Net Sales					% of Segment Net Sales
Carter’s Wholesale	$	66,205		23.6	%	$	57,931		21.5	%
Carter’s Retail (a)	41,254			15.1	%	44,493			17.3	%
Total Carter’s (U.S.)	107,459			19.5	%	102,424			19.4	%
OshKosh Retail (a)	(1,785		)	(2.2	)%	(960		)	(1.3	)%
OshKosh Wholesale	2,206			18.5	%	2,979			18.6	%
Total OshKosh (U.S.)	421			0.4	%	2,019			2.3	%
International (b) (c)	8,441			10.8	%	6,511			9.5	%
Corporate expenses (d) (e)	(23,313		)			(26,449		)
Total operating income	$	93,008		12.8	%	$	84,505		12.3	%


(a)	Includes eCommerce results.


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


(c)	Includes charges associated with the revaluation of the Company's contingent consideration related to the Company's 2011 acquisition of Bonnie Togs of approximately $0.5 million for the fiscal quarter ended April 4, 2015.


(d)	Corporate expenses include expenses related to incentive compensation, stock-based compensation, executive management, severance and relocation, finance, building occupancy, information technology, certain legal fees, consulting, and audit fees.


(e)	Includes charges related to the amortization of tradenames of $1.0 million for the fiscal quarter ended April 2, 2016, and $2.3 million for the fiscal quarter ended April 4, 2015.

GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)

3 Months Ended

Apr. 02, 2016

Condensed Financial Statements, Captions [Line Items]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

GUARANTOR UNAUDITED CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

The Company’s senior notes constitute debt obligations of its wholly-owned subsidiary, The William Carter Company ("TWCC" or the "Subsidiary Issuer"), are unsecured and are fully and unconditionally guaranteed by Carter’s, Inc. (the "Parent"), by certain of the Parent's current domestic subsidiaries (other than TWCC), and, subject to certain exceptions, future restricted subsidiaries that guarantee the Company’s secured revolving credit facility or certain other debt of the Company or the subsidiary guarantors. Under specific customary conditions, the guarantees are not full and unconditional because subsidiary guarantors can be released and relieved of their obligations under customary circumstances contained in the indenture governing the senior notes. These circumstances include, among others, the following, so long as other applicable provisions of the indentures are adhered to: any sale or other disposition of all or substantially all of the assets of any subsidiary guarantor, any sale or other disposition of capital stock of any subsidiary guarantor, or designation of any restricted subsidiary that is a subsidiary guarantor as an unrestricted subsidiary.

For additional information, refer to the Company's Annual Report on Form 10-K for the 2015 fiscal year ended January 2, 2016.

The condensed consolidating financial information for the Parent, the Subsidiary Issuer, and the guarantor and non-guarantor subsidiaries has been prepared from the books and records maintained by the Company. The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10. The financial information may not necessarily be indicative of the financial position, results of operations, comprehensive income (loss), and cash flows, had the Parent, Subsidiary Issuer, guarantor or non-guarantor subsidiaries operated as independent entities.

Intercompany revenues and expenses included in the subsidiary records are eliminated in consolidation. As a result of this activity, an amount due to/due from affiliates will exist at any time. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions. The Company has accounted for investments in subsidiaries under the equity method. The guarantor subsidiaries are 100% owned directly or indirectly by the Parent and all guarantees are joint, several, and unconditional.

In December 2015, as part of a foreign subsidiary restructuring, certain non-guarantor subsidiaries became subsidiaries of certain other non-guarantor subsidiaries. The restructuring did not retroactively impact the prior status of the guarantor and the non-guarantor subsidiaries, and accordingly the condensed consolidating financial information for periods prior to the restructuring have not been adjusted to reflect the restructuring.

Condensed Consolidating Balance Sheets (unaudited)

As of April 2, 2016

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	331,672	$	19,802	$	43,667	$	—		$	395,141
Accounts receivable, net	—		166,843		20,212		5,514		—			192,569
Intercompany receivable	—		67,203		120,901		5,157		(193,261		)	—
Finished goods inventories	—		189,225		186,901		40,421		(40,048		)	376,499
Prepaid expenses and other current assets	—		17,879		14,273		4,639		—			36,791
Deferred income taxes	—		14,766		14,696		2,379		—			31,841
Total current assets	—		787,588		376,785		101,777		(233,309		)	1,032,841
Property, plant, and equipment, net	—		162,110		184,548		30,615		—			377,273
Goodwill	—		136,570		—		40,668		—			177,238
Tradenames and other intangibles, net	—		224,353		85,500		—		—			309,853
Other assets	—		14,164		795		299		—			15,258
Intercompany long-term receivable	—		—		294,017		—		(294,017		)	—
Intercompany long-term note receivable	—		100,000		—		—		(100,000		)	—
Investment in subsidiaries	848,717		676,350		106,542		—		(1,631,609		)	—
Total assets	$	848,717	$	2,101,135	$	1,048,187	$	173,359	$	(2,258,935	)	$	1,912,463

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	58,626	$	19,554	$	12,207	$	—		$	90,387
Intercompany payables	—		124,763		65,188		3,310		(193,261		)	—
Other current liabilities	—		23,801		68,514		10,179		—			102,494
Total current liabilities	—		207,190		153,256		25,696		(193,261		)	192,881

Long-term debt, net	—		560,751		—		19,568		—			580,319
Deferred income taxes	—		83,925		44,890		—		—			128,815
Intercompany long-term liability	—		294,017		—		—		(294,017		)	—
Intercompany long-term note payable	—		—		100,000		—		(100,000		)	—
Other long-term liabilities	—		66,487		83,027		12,217		—			161,731
Stockholders' equity	848,717		888,765		667,014		115,878		(1,671,657		)	848,717
Total liabilities and stockholders' equity	$	848,717	$	2,101,135	$	1,048,187	$	173,359	$	(2,258,935	)	$	1,912,463

As of January 2, 2016

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	325,771	$	14,652	$	40,786	$	—		$	381,209
Accounts receivable, net	—		178,842		23,980		4,748		—			207,570
Intercompany receivable	—		52,676		133,092		3,317		(189,085		)	—
Finished goods inventories	—		271,148		184,618		48,960		(34,792		)	469,934
Prepaid expenses and other current assets	—		17,460		14,261		6,094		—			37,815
Deferred income taxes	—		19,502		13,544		1,034		—			34,080
Total current assets	—		865,399		384,147		104,939		(223,877		)	1,130,608
Property, plant, and equipment, net	—		162,031		180,322		29,351		—			371,704
Goodwill	—		136,570		—		38,304		—			174,874
Tradenames and other intangibles, net	—		225,348		85,500		—		—			310,848
Other assets	—		14,634		665		321		—			15,620
Intercompany long-term receivable	—		—		294,070		—		(294,070		)	—
Intercompany long-term note receivable	—		100,000		—		—		(100,000		)	—
Investment in subsidiaries	875,051		652,598		100,146		—		(1,627,795		)	—
Total assets	$	875,051	$	2,156,580	$	1,044,850	$	172,915	$	(2,245,742	)	$	2,003,654

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	93,585	$	44,951	$	19,112	$	—		$	157,648
Intercompany payables	—		134,694		51,362		3,029		(189,085		)	—
Other current liabilities	—		12,996		80,908		11,166		—			105,070
Total current liabilities	—		241,275		177,221		33,307		(189,085		)	262,718

Long-term debt, net	—		560,541		—		18,431		—			578,972
Deferred income taxes	—		84,038		44,800		—		—			128,838
Intercompany long-term liability	—		294,070		—		—		(294,070		)	—
Intercompany long-term note payable	—		—		100,000		—		(100,000		)	—
Other long-term liabilities	—		66,813		79,568		11,694		—			158,075
Stockholders' equity	875,051		909,843		643,261		109,483		(1,662,587		)	875,051
Total liabilities and stockholders' equity	$	875,051	$	2,156,580	$	1,044,850	$	172,915	$	(2,245,742	)	$	2,003,654

As of April 4, 2015

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	338,709	$	17,505	$	21,186	$	—		$	377,400
Accounts receivable, net	—		167,196		22,250		6,147		—			195,593
Intercompany receivable	—		62,791		84,908		728		(148,427		)	—
Finished goods inventories	—		173,892		179,932		40,563		(36,373		)	358,014
Prepaid expenses and other current assets	—		12,505		13,369		8,020		—			33,894
Deferred income taxes	—		18,673		12,356		1,813		—			32,842
Total current assets	—		773,766		330,320		78,457		(184,800		)	997,743
Property, plant, and equipment, net	—		157,206		156,962		27,490		—			341,658
Goodwill	—		136,570		—		42,289		—			178,859
Tradenames and other intangibles, net	—		229,440		85,500		15		—			314,955
Other assets	—		13,046		852		—		—			13,898
Intercompany long-term receivable	—		—		279,897		—		(279,897		)	—
Intercompany long-term note receivable	—		100,000		—		—		(100,000		)	—
Investment in subsidiaries	805,713		591,454		10,173		—		(1,407,340		)	—
Total assets	$	805,713	$	2,001,482	$	863,704	$	148,251	$	(1,972,037	)	$	1,847,113

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	61,013	$	22,937	$	10,183	$	—		$	94,133
Intercompany payables	—		84,259		60,851		3,316		(148,427		)	—
Other current liabilities	—		25,078		54,833		13,492		—			93,403
Total current liabilities	—		170,350		138,621		26,991		(148,427		)	187,536
Long-term debt, net	—		559,928		—		20,345		—			580,273
Deferred income taxes	—		80,185		40,089		—		—			120,274
Intercompany long-term liability	—		279,897		—		—		(279,897		)	—
Intercompany long-term note payable	—		—		100,000		—		(100,000		)	—
Other long-term liabilities	—		69,035		72,026		12,256		—			153,317
Stockholders' equity	805,713		842,087		512,968		88,659		(1,443,713		)	805,713
Total liabilities and stockholders' equity	$	805,713	$	2,001,482	$	863,704	$	148,251	$	(1,972,037	)	$	1,847,113

Condensed Consolidating Statements of Operations (unaudited)

For the fiscal quarter ended April 2, 2016

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	451,196		$	381,280		$	55,830		$	(164,221	)	$	724,085
Cost of goods sold	—			321,100			211,028			33,091			(152,063		)	413,156
Gross profit	—			130,096			170,252			22,739			(12,158		)	310,929
Selling, general, and administrative expenses	—			42,587			172,142			23,377			(9,110		)	228,996
Royalty income	—			(9,072		)	(4,211		)	—			2,208			(11,075		)
Operating income (loss)	—			96,581			2,321			(638		)	(5,256		)	93,008
Interest expense	—			6,608			845			103			(817		)	6,739
Interest income	—			(985		)	—			(39		)	817			(207		)
(Income) loss in subsidiaries	(53,980		)	6,496			3,340			—			44,144			—
Other expense (income), net	—			200			(214		)	3,207			—			3,193
Income (loss) before income taxes	53,980			84,262			(1,650		)	(3,909		)	(49,400		)	83,283
Provision for income taxes	—			25,026			4,846			(569		)	—			29,303
Net income (loss)	$	53,980		$	59,236		$	(6,496	)	$	(3,340	)	$	(49,400	)	$	53,980

For the fiscal quarter ended April 4, 2015

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net sales	$	—		$	435,286		$	359,396		$	47,120		$	(157,038	)	$	684,764
Cost of goods sold	—			298,211			222,915			30,479			(150,893		)	400,712
Gross profit	—			137,075			136,481			16,641			(6,145		)	284,052
Selling, general, and administrative expenses	—			42,249			157,263			19,831			(8,160		)	211,183
Royalty income	—			(9,039		)	(4,711		)	—			2,114			(11,636		)
Operating income (loss)	—			103,865			(16,071		)	(3,190		)	(99		)	84,505
Interest expense	—			6,662			1,343			115			(1,428		)	6,692
Interest income	—			(1,557		)	—			(8		)	1,428			(137		)
(Income) loss in subsidiaries	(49,792		)	23,394			(520		)	—			26,918			—
Other (income) expense, net	—			(146		)	137			1,971			—			1,962
Income (loss) before income taxes	49,792			75,512			(17,031		)	(5,268		)	(27,017		)	75,988
Provision for income taxes	—			25,621			1,980			(1,405		)	—			26,196
Net income (loss)	$	49,792		$	49,891		$	(19,011	)	$	(3,863	)	$	(27,017	)	$	49,792

Condensed Consolidating Statements of Comprehensive Income (unaudited)

For the fiscal quarter ended April 2, 2016

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income (loss)	$	53,980	$	59,236	$	(6,496	)	$	(3,340	)	$	(49,400	)	$	53,980
Foreign currency translation adjustments	5,286		5,286		5,286			5,286			(15,858		)	5,286
Comprehensive income (loss)	$	59,266	$	64,522	$	(1,210	)	$	1,946		$	(65,258	)	$	59,266

For the fiscal quarter ended April 4, 2015

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income (loss)	$	49,792		$	49,891		$	(19,011	)	$	(3,863	)	$	(27,017	)	$	49,792
Foreign currency translation adjustments	(5,994		)	(5,994		)	8			(5,994		)	11,980			(5,994		)
Comprehensive income (loss)	$	43,798		$	43,897		$	(19,003	)	$	(9,857	)	$	(15,037	)	$	43,798

Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets (unaudited)

As of April 2, 2016

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	331,672	$	19,802	$	43,667	$	—		$	395,141
Accounts receivable, net	—		166,843		20,212		5,514		—			192,569
Intercompany receivable	—		67,203		120,901		5,157		(193,261		)	—
Finished goods inventories	—		189,225		186,901		40,421		(40,048		)	376,499
Prepaid expenses and other current assets	—		17,879		14,273		4,639		—			36,791
Deferred income taxes	—		14,766		14,696		2,379		—			31,841
Total current assets	—		787,588		376,785		101,777		(233,309		)	1,032,841
Property, plant, and equipment, net	—		162,110		184,548		30,615		—			377,273
Goodwill	—		136,570		—		40,668		—			177,238
Tradenames and other intangibles, net	—		224,353		85,500		—		—			309,853
Other assets	—		14,164		795		299		—			15,258
Intercompany long-term receivable	—		—		294,017		—		(294,017		)	—
Intercompany long-term note receivable	—		100,000		—		—		(100,000		)	—
Investment in subsidiaries	848,717		676,350		106,542		—		(1,631,609		)	—
Total assets	$	848,717	$	2,101,135	$	1,048,187	$	173,359	$	(2,258,935	)	$	1,912,463

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	58,626	$	19,554	$	12,207	$	—		$	90,387
Intercompany payables	—		124,763		65,188		3,310		(193,261		)	—
Other current liabilities	—		23,801		68,514		10,179		—			102,494
Total current liabilities	—		207,190		153,256		25,696		(193,261		)	192,881

Long-term debt, net	—		560,751		—		19,568		—			580,319
Deferred income taxes	—		83,925		44,890		—		—			128,815
Intercompany long-term liability	—		294,017		—		—		(294,017		)	—
Intercompany long-term note payable	—		—		100,000		—		(100,000		)	—
Other long-term liabilities	—		66,487		83,027		12,217		—			161,731
Stockholders' equity	848,717		888,765		667,014		115,878		(1,671,657		)	848,717
Total liabilities and stockholders' equity	$	848,717	$	2,101,135	$	1,048,187	$	173,359	$	(2,258,935	)	$	1,912,463

As of April 4, 2015

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	338,709	$	17,505	$	21,186	$	—		$	377,400
Accounts receivable, net	—		167,196		22,250		6,147		—			195,593
Intercompany receivable	—		62,791		84,908		728		(148,427		)	—
Finished goods inventories	—		173,892		179,932		40,563		(36,373		)	358,014
Prepaid expenses and other current assets	—		12,505		13,369		8,020		—			33,894
Deferred income taxes	—		18,673		12,356		1,813		—			32,842
Total current assets	—		773,766		330,320		78,457		(184,800		)	997,743
Property, plant, and equipment, net	—		157,206		156,962		27,490		—			341,658
Goodwill	—		136,570		—		42,289		—			178,859
Tradenames and other intangibles, net	—		229,440		85,500		15		—			314,955
Other assets	—		13,046		852		—		—			13,898
Intercompany long-term receivable	—		—		279,897		—		(279,897		)	—
Intercompany long-term note receivable	—		100,000		—		—		(100,000		)	—
Investment in subsidiaries	805,713		591,454		10,173		—		(1,407,340		)	—
Total assets	$	805,713	$	2,001,482	$	863,704	$	148,251	$	(1,972,037	)	$	1,847,113

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	61,013	$	22,937	$	10,183	$	—		$	94,133
Intercompany payables	—		84,259		60,851		3,316		(148,427		)	—
Other current liabilities	—		25,078		54,833		13,492		—			93,403
Total current liabilities	—		170,350		138,621		26,991		(148,427		)	187,536
Long-term debt, net	—		559,928		—		20,345		—			580,273
Deferred income taxes	—		80,185		40,089		—		—			120,274
Intercompany long-term liability	—		279,897		—		—		(279,897		)	—
Intercompany long-term note payable	—		—		100,000		—		(100,000		)	—
Other long-term liabilities	—		69,035		72,026		12,256		—			153,317
Stockholders' equity	805,713		842,087		512,968		88,659		(1,443,713		)	805,713
Total liabilities and stockholders' equity	$	805,713	$	2,001,482	$	863,704	$	148,251	$	(1,972,037	)	$	1,847,113

As of January 2, 2016

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Adjustments			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	325,771	$	14,652	$	40,786	$	—		$	381,209
Accounts receivable, net	—		178,842		23,980		4,748		—			207,570
Intercompany receivable	—		52,676		133,092		3,317		(189,085		)	—
Finished goods inventories	—		271,148		184,618		48,960		(34,792		)	469,934
Prepaid expenses and other current assets	—		17,460		14,261		6,094		—			37,815
Deferred income taxes	—		19,502		13,544		1,034		—			34,080
Total current assets	—		865,399		384,147		104,939		(223,877		)	1,130,608
Property, plant, and equipment, net	—		162,031		180,322		29,351		—			371,704
Goodwill	—		136,570		—		38,304		—			174,874
Tradenames and other intangibles, net	—		225,348		85,500		—		—			310,848
Other assets	—		14,634		665		321		—			15,620
Intercompany long-term receivable	—		—		294,070		—		(294,070		)	—
Intercompany long-term note receivable	—		100,000		—		—		(100,000		)	—
Investment in subsidiaries	875,051		652,598		100,146		—		(1,627,795		)	—
Total assets	$	875,051	$	2,156,580	$	1,044,850	$	172,915	$	(2,245,742	)	$	2,003,654

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	—	$	93,585	$	44,951	$	19,112	$	—		$	157,648
Intercompany payables	—		134,694		51,362		3,029		(189,085		)	—
Other current liabilities	—		12,996		80,908		11,166		—			105,070
Total current liabilities	—		241,275		177,221		33,307		(189,085		)	262,718

Long-term debt, net	—		560,541		—		18,431		—			578,972
Deferred income taxes	—		84,038		44,800		—		—			128,838
Intercompany long-term liability	—		294,070		—		—		(294,070		)	—
Intercompany long-term note payable	—		—		100,000		—		(100,000		)	—
Other long-term liabilities	—		66,813		79,568		11,694		—			158,075
Stockholders' equity	875,051		909,843		643,261		109,483		(1,662,587		)	875,051
Total liabilities and stockholders' equity	$	875,051	$	2,156,580	$	1,044,850	$	172,915	$	(2,245,742	)	$	2,003,654

GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

Condensed Consolidating Statements of Comprehensive Income (unaudited)

For the fiscal quarter ended April 2, 2016

(dollars in thousands)



	Parent		Subsidiary Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income (loss)	$	53,980	$	59,236	$	(6,496	)	$	(3,340	)	$	(49,400	)	$	53,980
Foreign currency translation adjustments	5,286		5,286		5,286			5,286			(15,858		)	5,286
Comprehensive income (loss)	$	59,266	$	64,522	$	(1,210	)	$	1,946		$	(65,258	)	$	59,266

For the fiscal quarter ended April 4, 2015

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Net income (loss)	$	49,792		$	49,891		$	(19,011	)	$	(3,863	)	$	(27,017	)	$	49,792
Foreign currency translation adjustments	(5,994		)	(5,994		)	8			(5,994		)	11,980			(5,994		)
Comprehensive income (loss)	$	43,798		$	43,897		$	(19,003	)	$	(9,857	)	$	(15,037	)	$	43,798

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows (unaudited)

For the fiscal quarter ended April 2, 2016

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows provided by operating activities:	$	—		$	117,433		$	8,504		$	2,345		$	—		$	128,282

Cash flows from investing activities:
Capital expenditures	—			(8,825		)	(15,433		)	(1,294		)	—			(25,552		)
Intercompany investing activity	93,300			(3,250		)	(1,457		)	—			(88,593		)	—
Net cash provided by (used in) investing activities	93,300			(12,075		)	(16,890		)	(1,294		)	(88,593		)	(25,552		)

Cash flows from financing activities:
Intercompany financing activity	—			(101,144		)	12,079			472			88,593			—
Dividends paid	(17,032		)	—			—			—			—			(17,032		)
Repurchase of common stock	(71,561		)	—			—			—			—			(71,561		)
Income tax benefit from stock-based compensation	—			1,687			1,457			—			—			3,144
Withholdings from vesting of restricted stock	(8,454		)	—			—			—			—			(8,454		)
Proceeds from exercise of stock options	3,747			—			—			—			—			3,747
Net cash (used in) provided by financing activities	(93,300		)	(99,457		)	13,536			472			88,593			(90,156		)
Effect of exchange rate changes on cash	—			—			—			1,358			—			1,358
Net increase in cash and cash equivalents	—			5,901			5,150			2,881			—			13,932
Cash and cash equivalents, beginning of period	—			325,771			14,652			40,786			—			381,209
Cash and cash equivalents, end of period	$	—		$	331,672		$	19,802		$	43,667		$	—		$	395,141

For the fiscal quarter ended April 4, 2015

(dollars in thousands)



	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Adjustments			Consolidated
Cash flows provided by (used in) operating activities:	$	—		$	78,186		$	3,969		$	5,069		$	—		$	87,224

Cash flows from investing activities:
Capital expenditures	—			(5,517		)	(12,701		)	(2,542		)	—			(20,760		)
Intercompany investing activity	35,280			(8,332		)	(1,232		)	—			(25,716		)	—
Proceeds from repayment of intercompany loan	—			20,000			—			—			(20,000		)	—
Proceeds from sale of property, plant and equipment	—			69			—			7			—			76
Net cash provided by (used in) investing activities	35,280			6,220			(13,933		)	(2,535		)	(45,716		)	(20,684		)

Cash flows from financing activities:
Intercompany financing activity	—			(41,315		)	15,796			(197		)	25,716			—
Repayment of intercompany loan	—			—			—			(20,000		)	20,000			—
Borrowings under secured revolving credit facility	—			—			—			20,349			—			20,349
Payment on secured revolving credit facility	—			(20,000		)	—			—			—			(20,000		)
Dividends Paid	(11,597		)	—			—			—			—			(11,597		)
Income tax benefit from stock-based compensation	—			4,540			1,231			—			—			5,771
Repurchase of common stock	(14,120		)	—			—			—			—			(14,120		)
Withholdings from vesting of restricted stock	(12,331		)	—			—			—			—			(12,331		)
Proceeds from exercise of stock options	2,768			—			—			—			—			2,768
Net cash (used in) provided by financing activities	(35,280		)	(56,775		)	17,027			152			45,716			(29,160		)
Effect of exchange rate changes on cash	—			—			—			(618		)	—			(618		)
Net increase in cash and cash equivalents	—			27,631			7,063			2,068			—			36,762
Cash and cash equivalents, beginning of period	—			311,078			10,442			19,118			—			340,638
Cash and cash equivalents, end of period	$	—		$	338,709		$	17,505		$	21,186		$	—		$	377,400

THE COMPANY (Details)
$ in Thousands

3 Months Ended

Apr. 02, 2016

USD ($)

Apr. 04, 2015

USD ($)

Segment Reporting Information [Line Items]

Net sales

$ 724,085

$ 684,764

Licenses Revenue

11,075

11,636

Operating Income (Loss)

$ 93,008

$ 84,505

Operating income (loss) as percentage of segment net sales

12.80%

12.30%

Net income

$ 53,980

$ 49,792

United States [Member] | Carter's [Member]

Segment Reporting Information [Line Items]

Number of locations

610

United States [Member] | OshKosh [Member]

Segment Reporting Information [Line Items]

Number of locations

251

Canada [Member]

Segment Reporting Information [Line Items]

Number of international retail stores

149

Operating Segments [Member]

Segment Reporting Information [Line Items]

Net sales

$ 724,085

684,764

Operating Segments [Member] | Carter's [Member]

Segment Reporting Information [Line Items]

Net sales

552,463

527,042

Operating Income (Loss)

$ 107,459

$ 102,424

Operating income (loss) as percentage of segment net sales

19.50%

19.40%

Operating Segments [Member] | OshKosh [Member]

Segment Reporting Information [Line Items]

Net sales

$ 93,680

$ 89,093

Operating Income (Loss)

$ 421

$ 2,019

Operating income (loss) as percentage of segment net sales

0.40%

2.30%

Operating Segments [Member] | Retail [Member] | Carter's [Member]

Segment Reporting Information [Line Items]

Net sales

^[1]

$ 272,323

$ 257,727

Operating Income (Loss)

^[1]

$ 41,254

$ 44,493

Operating income (loss) as percentage of segment net sales

^[1]

15.10%

17.30%

Operating Segments [Member] | Retail [Member] | OshKosh [Member]

Segment Reporting Information [Line Items]

Net sales

^[1]

$ 81,766

$ 73,042

Operating Income (Loss)

^[1]

$ (1,785)

$ (960)

Operating income (loss) as percentage of segment net sales

^[1]

(2.20%)

(1.30%)

Operating Segments [Member] | Wholesale [Member] | Carter's [Member]

Segment Reporting Information [Line Items]

Net sales

$ 280,140

$ 269,315

Operating Income (Loss)

$ 66,205

$ 57,931

Operating income (loss) as percentage of segment net sales

23.60%

21.50%

Operating Segments [Member] | Wholesale [Member] | OshKosh [Member]

Segment Reporting Information [Line Items]

Net sales

$ 11,914

$ 16,051

Operating Income (Loss)

$ 2,206

$ 2,979

Operating income (loss) as percentage of segment net sales

18.50%

18.60%

[1]	Includes eCommerce results.

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015	Jan. 02, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustments	$ (5,286)	$ 5,994
Total accumulated other comprehensive loss	(31,081)	(29,031)	$ (36,367)
Cumulative Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive loss	(24,300)	(21,391)	(29,586)
Pension and Post-retirement Liability Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive loss	$ (6,781)	$ (7,640)	$ (6,781)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

GOODWILL AND OTHER INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Apr. 02, 2016	Apr. 04, 2015	Jan. 03, 2015	Jan. 02, 2016
Goodwill and Other Intangible Assets [Line Items]
Amortization costs	$ 1,000	$ 2,300
Goodwill, Gross amount	177,238	178,859		$ 174,874
Goodwill, Net amount	177,238	178,859		174,874
Finite intangible assets, Accumulated amortization	38,110	33,035		37,076
Total, Gross amount	347,963	347,990		347,924
Total, Net amount	309,853	314,955		310,848
Carter's Goodwill [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	136,570	136,570		136,570
Goodwill, Net amount	136,570	136,570		136,570
Carter's Tradename [Member]
Goodwill and Other Intangible Assets [Line Items]
Indefinite intangible assets	220,233	220,233		220,233
Oshkosh Trade Name [Member]
Goodwill and Other Intangible Assets [Line Items]
Indefinite intangible assets	85,500	85,500		85,500
Bonnie Togs Goodwill [Member]
Goodwill and Other Intangible Assets [Line Items]
Goodwill, Gross amount	40,668	42,289		38,304
Goodwill, Net amount	40,668	42,289		38,304
Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Finite intangible assets, Accumulated amortization	37,899	32,830		36,877
Intangible assets, Gross amount	347,752	347,770		347,725
Indefinite-lived trademarks	309,853	314,940		310,848
Other Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Future amortization expense, 2015	900
Future amortization expense, 2016	200
Future amortization expense, 2017	200
Future amortization expense, 2018	200
Future amortization expense, thereafter	2,500
Finite intangible assets, Gross amount	42,019	42,037		41,992
Finite intangible assets, Accumulated amortization	37,899	32,830		36,877
Finite intangible assets, Net amount	$ 4,120	$ 9,207		5,115
Non-compete Agreements [Member]
Goodwill and Other Intangible Assets [Line Items]
Weighted-average useful life	4 years	4 years	4 years
Finite intangible assets, Gross amount	$ 211	$ 220		199
Finite intangible assets, Accumulated amortization	211	205		199
Finite intangible assets, Net amount	$ 0	$ 15		$ 0
Minimum \| Other Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Weighted-average useful life	2 years	2 years	2 years
Maximum \| Other Tradenames [Member]
Goodwill and Other Intangible Assets [Line Items]
Weighted-average useful life	20 years	20 years	20 years

COMMON STOCK (Share Repurchases) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Apr. 02, 2016	Apr. 04, 2015	Sep. 28, 2013	Feb. 24, 2016
Stockholders' Equity Note [Abstract]
Stock Repurchase Program, Authorized Amount			$ 300,000	$ 500,000
Share repurchase, additional authorized amount			$ 400,000
Remaining capacity under authorization	$ 503,300
Number of shares repurchased and retired	722,364	157,900
Cost of repurchased and retired shares	$ 71,561	$ 14,120
Average price per share	$ 99.07	$ 89.43
Dividend declared per common share	$ 0.33	$ 0.22

LONG-TERM DEBT (Schedule of Long Term Debt) (Details) $ in Thousands, $ in Thousands	3 Months Ended			12 Months Ended
	Apr. 02, 2016 USD ($)	Apr. 04, 2015 USD ($)	Apr. 04, 2015 CAD ($)	Jan. 03, 2015 USD ($)	Jan. 02, 2016 USD ($)
Debt Instrument [Line Items]
Borrowings under secured revolving credit facility	$ 0	$ 20,349	$ 25,500
Long-term debt	580,319	580,273			$ 578,972
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Issuance Cost	5,250	6,076		$ 5,459
Long-term Debt, net	394,750	393,924			394,541
Long-term debt	400,000	400,000			400,000
Secured revolving credit facility [Member]
Debt Instrument [Line Items]
Available for future borrowing	309,600
Long-term debt	$ 185,569	$ 186,349			$ 184,431
CANADIAN NATIONAL STOCK EXCHANGE [Member] \| Secured revolving credit facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	CDOR

LONG-TERM DEBT (Details) $ in Thousands	3 Months Ended			12 Months Ended
LONG-TERM DEBT (Details) $ in Thousands	Apr. 02, 2016 USD ($)	Apr. 04, 2015 USD ($)	Apr. 04, 2015 CAD ($)	Jan. 03, 2015 USD ($)	Jan. 02, 2016 USD ($)
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 500,000,000
Long-term debt	580,319,000	$ 580,273,000			$ 578,972,000
Outstanding letters of credit	4,900,000
Payments on secured revolving credit facility	0	20,000,000
Borrowings under secured revolving credit facility	0	20,349,000	$ 25,500
Non-cash stock-based compensation expense	4,556,000	4,740,000
Incremental Facilities [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 250,000,000
LIBOR [Member]
Debt Instrument [Line Items]
Interest rate (as a percentage)	1.375%
LIBOR [Member] \| Minimum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.125%
LIBOR [Member] \| Maximum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.875%
Base Rate [Member] \| Minimum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.125%
Base Rate [Member] \| Maximum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.875%
Secured revolving credit facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 100,000,000
Long-term debt	185,569,000	186,349,000			184,431,000
Available for future borrowing	$ 309,600,000
Secured revolving credit facility [Member] \| LIBOR [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	LIBOR
Secured revolving credit facility [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Interest rate (as a percentage)	0.375%
Secured revolving credit facility [Member] \| CANADIAN NATIONAL STOCK EXCHANGE [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	CDOR
Swingline BOA [Member] \| Multicurrency Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 15,000,000
Senior Notes [Member]
Debt Instrument [Line Items]
Long-term debt	400,000,000	400,000,000			$ 400,000,000
Debt Issuance Cost	(5,250,000)	$ (6,076,000)		$ (5,459,000)
Debt Instrument, face amount	$ 400,000,000
Interest rate (as a percentage)	5.25%
United States of America, Dollars
Debt Instrument [Line Items]
Borrowings under secured revolving credit facility	$ 175,000,000
United States of America, Dollars \| Incremental Facilities [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	200,000,000
United States of America, Dollars \| Secured revolving credit facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 400,000,000
United States of America, Dollars \| Secured revolving credit facility [Member] \| LIBOR [Member]
Debt Instrument [Line Items]
Effective interest rate (as a percentage)	1.80%
United States of America, Dollars \| Secured revolving credit facility [Member] \| CANADIAN NATIONAL STOCK EXCHANGE [Member]
Debt Instrument [Line Items]
Effective interest rate (as a percentage)	2.24%
United States of America, Dollars \| Swingline BOA [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000,000
Canada, Dollars
Debt Instrument [Line Items]
Borrowings under secured revolving credit facility	40,000,000
Canada, Dollars \| Incremental Facilities [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000,000

STOCK-BASED COMPENSATION (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash stock-based compensation expense	$ 4,556	$ 4,740
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 90.66
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	204,100
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 90.66
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	199,937	331,163
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 60.23	$ 41.16
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash stock-based compensation expense	$ 1,296	$ 1,324
Time-based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash stock-based compensation expense	$ 2,145	2,083
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	116,644
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash stock-based compensation expense	$ 1,115	$ 1,333
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	53,070

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Thousands	3 Months Ended
EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Thousands	Apr. 02, 2016	Apr. 04, 2015
Pension Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost on accumulated benefit obligation	$ 629	$ 623
Expected return on plan assets	(676)	(785)
Amortization of net actuarial loss (gain)	145	161
Net periodic pension (benefit) cost	98	(1)
Post-retirement Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost on accumulated benefit obligation	44	45
Service cost – benefits attributed to service during the period	31	32
Amortization of net actuarial loss (gain)	(49)	(48)
Net periodic pension (benefit) cost	$ 26	$ 29

INCOME TAXES (Details) - USD ($) $ in Millions	Apr. 02, 2016	Jan. 02, 2016	Apr. 04, 2015
Income Tax Disclosure [Abstract]
Tax reserve Statue of Limitation, Benefits Recognized			$ 1.8
Gross unrecognized tax benefits	$ 9.2
Unrecognized tax benefits that if recognized would impact effective tax rate	6.4
Reserves for unrecognized tax benefits	1.0
Interest accrued on uncertain tax positions	$ 0.7	$ 0.8	$ 0.8

FAIR VALUE MEASUREMENTS Fair Value measurements (Hierarchy) (Details) - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016	Apr. 04, 2015	Jan. 03, 2015
Fair Value, Inputs, Level 1 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure	$ 8,200	$ 8,600	$ 7,900
Fair Value, Inputs, Level 2 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	100	$ 2,100
Foreign Currency Contracts, Liability, Fair Value Disclosure	$ 2,100
Fair Value, Inputs, Level 3 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Business Combination, Contingent Consideration, Liability			$ 7,661	$ 7,711

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Investments) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Fair Value Disclosures [Abstract]
Gain (Loss) on Investments	$ 0.4	$ 0.2

- Definition

This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments.

+ References + Details

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Foreign exchange forward contracts) (Details) $ in Millions	3 Months Ended
	Apr. 02, 2016 USD ($)
Fair Value Disclosures [Abstract]
Investment Foreign Currency, Contract, Amount Purchased	$ 44.0
Foreign currency transaction gain (loss)	0.8
Unrealized Gain (Loss) on Investments	$ 2.0

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Contingent Consideration) (Details) $ in Thousands	3 Months Ended
	Apr. 04, 2015 USD ($)
Business Acquisition, Contingent Consideration [Line Items]
Accretion	$ 500
Fair Value, Inputs, Level 3 [Member]
Business Acquisition, Contingent Consideration [Line Items]
Balance at beginning of period	7,711
Accretion	483
Foreign currency translation adjustment	(533)
Balance at end of period	$ 7,661

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Borrowings) (Details) - USD ($)	Apr. 02, 2016	Jan. 02, 2016	Apr. 04, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 580,319,000	$ 578,972,000	$ 580,273,000
Secured revolving credit facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	185,569,000	184,431,000	186,349,000
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	400,000,000	$ 400,000,000	$ 400,000,000
Debt Instrument, face amount	400,000,000
Fair Value [Member] \| Fair Value, Inputs, Level 2 [Member] \| Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 413,000,000

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Weighted-average number of common and common equivalent shares outstanding:
Basic number of common shares outstanding	51,176,987	52,119,215
Dilutive effect of equity awards	467,103	495,386
Diluted number of common and common equivalent shares outstanding	51,644,090	52,614,601
Basic net income per common share (in thousands, except per share data):
Net income	$ 53,980	$ 49,792
Income allocated to participating securities	(444)	(560)
Net income available to common shareholders	$ 53,536	$ 49,232
Basic net income per common share	$ 1.05	$ 0.94
Diluted net income per common share (in thousands, except per share data):
Net income	$ 53,980	$ 49,792
Income allocated to participating securities	(441)	(556)
Net income available to common shareholders	$ 53,539	$ 49,236
Diluted net income per common share	$ 1.04	$ 0.94
Anti-dilutive shares (in shares)	386,030	183,400

OTHER CURRENT AND LONG-TERM LIABILITIES (Other Current Liabilities) (Details) - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016	Apr. 04, 2015
Other Liabilities Disclosure [Abstract]
Accrued bonuses and incentive compensation	$ 4,148	$ 17,934	$ 4,396
Income taxes payable	19,195	3,802	18,410
Customer Loyalty Program Liability, Current	10,276	7,037	0
Accrued salaries and wages	10,284	3,377	8,111
Unredeemed gift cards	9,996	10,940	9,882
Accrued employee benefits	8,157	19,751	7,498
Accrued and deferred rent	$ 13,409	$ 12,590	$ 12,480

OTHER CURRENT AND LONG-TERM LIABILITIES (Other Long-Term Liabilities) (Details) - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016	Apr. 04, 2015
Other Liabilities Disclosure [Abstract]
Deferred lease incentives	$ 72,086	$ 70,060	$ 68,652

SEGMENT INFORMATION (Details) - USD ($)
$ in Thousands

3 Months Ended

Apr. 02, 2016

Apr. 04, 2015

Segment Reporting Information [Line Items]

Accretion

$ 500

Net sales

$ 724,085

684,764

Operating Income (Loss)

$ 93,008

$ 84,505

Operating income (loss) as percentage of segment net sales

12.80%

12.30%

Amortization of tradenames

$ 1,000

$ 2,300

Operating Segments [Member]

Segment Reporting Information [Line Items]

Net sales

$ 724,085

$ 684,764

Percentage of total net sales

100.00%

Operating Segments [Member] | Carter's [Member]

Segment Reporting Information [Line Items]

Net sales

$ 552,463

$ 527,042

Percentage of total net sales

76.30%

77.00%

Operating Income (Loss)

$ 107,459

$ 102,424

Operating income (loss) as percentage of segment net sales

19.50%

19.40%

Operating Segments [Member] | OshKosh [Member]

Segment Reporting Information [Line Items]

Net sales

$ 93,680

$ 89,093

Percentage of total net sales

12.90%

13.00%

Operating Income (Loss)

$ 421

$ 2,019

Operating income (loss) as percentage of segment net sales

0.40%

2.30%

Operating Segments [Member] | Wholesale [Member] | Carter's [Member]

Segment Reporting Information [Line Items]

Net sales

$ 280,140

$ 269,315

Percentage of total net sales

38.70%

39.30%

Operating Income (Loss)

$ 66,205

$ 57,931

Operating income (loss) as percentage of segment net sales

23.60%

21.50%

Operating Segments [Member] | Wholesale [Member] | OshKosh [Member]

Segment Reporting Information [Line Items]

Net sales

$ 11,914

$ 16,051

Percentage of total net sales

1.60%

2.30%

Operating Income (Loss)

$ 2,206

$ 2,979

Operating income (loss) as percentage of segment net sales

18.50%

18.60%

Operating Segments [Member] | Retail [Member] | Carter's [Member]

Segment Reporting Information [Line Items]

Net sales

^[1]

$ 272,323

$ 257,727

Percentage of total net sales

^[1]

37.60%

37.70%

Operating Income (Loss)

^[1]

$ 41,254

$ 44,493

Operating income (loss) as percentage of segment net sales

^[1]

15.10%

17.30%

Operating Segments [Member] | Retail [Member] | OshKosh [Member]

Segment Reporting Information [Line Items]

Net sales

^[1]

$ 81,766

$ 73,042

Percentage of total net sales

^[1]

11.30%

10.70%

Operating Income (Loss)

^[1]

$ (1,785)

$ (960)

Operating income (loss) as percentage of segment net sales

^[1]

(2.20%)

(1.30%)

Operating Segments [Member] | International [Member]

Segment Reporting Information [Line Items]

Net sales

^[2]

$ 77,942

$ 68,629

Percentage of total net sales

^[2]

10.80%

10.00%

Operating Income (Loss)

^[2],[3]

$ 8,441

$ 6,511

Operating income (loss) as percentage of segment net sales

^[2],[3]

10.80%

9.50%

Corporate [Member]

Segment Reporting Information [Line Items]

Corporate expenses

$ (23,313)

$ (26,449)

[1]	Includes eCommerce results.
[2]	Net sales include international retail, eCommerce, and wholesale sales. Operating income includes international licensing income.
[3]	Includes charges associated with the revaluation of the Company's contingent consideration related to the Company's 2011 acquisition of Bonnie Togs of approximately $0.5 million for the fiscal quarter ended April 4, 2015.

GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Balance Sheets) (Details) - USD ($) $ in Thousands	Apr. 02, 2016	Jan. 02, 2016	Apr. 04, 2015	Jan. 03, 2015	Dec. 28, 2013
Current assets:
Cash and cash equivalents	$ 395,141	$ 381,209	$ 377,400	$ 340,638	$ 340,638
Accounts receivable, net	192,569	207,570	195,593
Intercompany receivable	0	0	0
Finished goods inventories	376,499	469,934	358,014
Prepaid expenses and other current assets	36,791	37,815	33,894
Deferred income taxes	31,841	34,080	32,842
Total current assets	1,032,841	1,130,608	997,743
Property, plant, and equipment, net of accumulated depreciation of $307,449, $290,636, and $257,394, respectively	377,273	371,704	341,658
Goodwill	177,238	174,874	178,859
Tradenames and other intangibles, net	309,853	310,848	314,955
Other assets	15,258	15,620	13,898
Intercompany long term receivable	0	0	0
Intercompany long term note receivable	0	0	0
Investment in subsidiaries	0	0	0
Total assets	1,912,463	2,003,654	1,847,113
Current liabilities:
Accounts payable	90,387	157,648	94,133
Intercompany payables	0	0	0
Other current liabilities	102,494	105,070	93,403
Total current liabilities	192,881	262,718	187,536
Long-term debt, net	580,319	578,972	580,273
Deferred income taxes	128,815	128,838	120,274
Intercompany long term liability	0	0	0
Intercompany long term note payable	0	0	0
Other long-term liabilities	161,731	158,075	153,317
Total stockholders' equity	848,717	875,051	805,713
Total liabilities and stockholders' equity	1,912,463	2,003,654	1,847,113
Parent [Member]
Current assets:
Cash and cash equivalents	0	0	0		0
Accounts receivable, net	0	0	0
Intercompany receivable	0	0	0
Finished goods inventories	0	0	0
Prepaid expenses and other current assets	0	0	0
Deferred income taxes	0	0	0
Total current assets	0	0	0
Property, plant, and equipment, net of accumulated depreciation of $307,449, $290,636, and $257,394, respectively	0	0	0
Goodwill	0	0	0
Tradenames and other intangibles, net	0	0	0
Other assets	0	0	0
Intercompany long term receivable	0	0	0
Intercompany long term note receivable	0	0	0
Investment in subsidiaries	848,717	875,051	805,713
Total assets	848,717	875,051	805,713
Current liabilities:
Accounts payable	0	0	0
Intercompany payables	0	0	0
Other current liabilities	0	0	0
Total current liabilities	0	0	0
Long-term debt, net	0	0	0
Deferred income taxes	0	0	0
Intercompany long term liability	0	0	0
Intercompany long term note payable	0	0	0
Other long-term liabilities	0	0	0
Total stockholders' equity	848,717	875,051	805,713
Total liabilities and stockholders' equity	848,717	875,051	805,713
Subsidiary Issuer [Member]
Current assets:
Cash and cash equivalents	331,672	325,771	338,709		311,078
Accounts receivable, net	166,843	178,842	167,196
Intercompany receivable	67,203	52,676	62,791
Finished goods inventories	189,225	271,148	173,892
Prepaid expenses and other current assets	17,879	17,460	12,505
Deferred income taxes	14,766	19,502	18,673
Total current assets	787,588	865,399	773,766
Property, plant, and equipment, net of accumulated depreciation of $307,449, $290,636, and $257,394, respectively	162,110	162,031	157,206
Goodwill	136,570	136,570	136,570
Tradenames and other intangibles, net	224,353	225,348	229,440
Other assets	14,164	14,634	13,046
Intercompany long term receivable	0	0	0
Intercompany long term note receivable	100,000	100,000	100,000
Investment in subsidiaries	676,350	652,598	591,454
Total assets	2,101,135	2,156,580	2,001,482
Current liabilities:
Accounts payable	58,626	93,585	61,013
Intercompany payables	124,763	134,694	84,259
Other current liabilities	23,801	12,996	25,078
Total current liabilities	207,190	241,275	170,350
Long-term debt, net	560,751	560,541	559,928
Deferred income taxes	83,925	84,038	80,185
Intercompany long term liability	294,017	294,070	279,897
Intercompany long term note payable	0	0	0
Other long-term liabilities	66,487	66,813	69,035
Total stockholders' equity	888,765	909,843	842,087
Total liabilities and stockholders' equity	2,101,135	2,156,580	2,001,482
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	19,802	14,652	17,505		10,442
Accounts receivable, net	20,212	23,980	22,250
Intercompany receivable	120,901	133,092	84,908
Finished goods inventories	186,901	184,618	179,932
Prepaid expenses and other current assets	14,273	14,261	13,369
Deferred income taxes	14,696	13,544	12,356
Total current assets	376,785	384,147	330,320
Property, plant, and equipment, net of accumulated depreciation of $307,449, $290,636, and $257,394, respectively	184,548	180,322	156,962
Goodwill	0	0	0
Tradenames and other intangibles, net	85,500	85,500	85,500
Other assets	795	665	852
Intercompany long term receivable	294,017	294,070	279,897
Intercompany long term note receivable	0	0	0
Investment in subsidiaries	106,542	100,146	10,173
Total assets	1,048,187	1,044,850	863,704
Current liabilities:
Accounts payable	19,554	44,951	22,937
Intercompany payables	65,188	51,362	60,851
Other current liabilities	68,514	80,908	54,833
Total current liabilities	153,256	177,221	138,621
Long-term debt, net	0	0	0
Deferred income taxes	44,890	44,800	40,089
Intercompany long term liability	0	0	0
Intercompany long term note payable	100,000	100,000	100,000
Other long-term liabilities	83,027	79,568	72,026
Total stockholders' equity	667,014	643,261	512,968
Total liabilities and stockholders' equity	1,048,187	1,044,850	863,704
Non-Guarantors Subsidiaries [Member]
Current assets:
Cash and cash equivalents	43,667	40,786	21,186		19,118
Accounts receivable, net	5,514	4,748	6,147
Intercompany receivable	5,157	3,317	728
Finished goods inventories	40,421	48,960	40,563
Prepaid expenses and other current assets	4,639	6,094	8,020
Deferred income taxes	2,379	1,034	1,813
Total current assets	101,777	104,939	78,457
Property, plant, and equipment, net of accumulated depreciation of $307,449, $290,636, and $257,394, respectively	30,615	29,351	27,490
Goodwill	40,668	38,304	42,289
Tradenames and other intangibles, net	0	0	15
Other assets	299	321	0
Intercompany long term receivable	0	0	0
Intercompany long term note receivable	0	0	0
Investment in subsidiaries	0	0	0
Total assets	173,359	172,915	148,251
Current liabilities:
Accounts payable	12,207	19,112	10,183
Intercompany payables	3,310	3,029	3,316
Other current liabilities	10,179	11,166	13,492
Total current liabilities	25,696	33,307	26,991
Long-term debt, net	19,568	18,431	20,345
Deferred income taxes	0	0	0
Intercompany long term liability	0	0	0
Intercompany long term note payable	0	0	0
Other long-term liabilities	12,217	11,694	12,256
Total stockholders' equity	115,878	109,483	88,659
Total liabilities and stockholders' equity	173,359	172,915	148,251
Consolidating Adjustments [Member]
Current assets:
Cash and cash equivalents	0	0	0		$ 0
Accounts receivable, net	0	0	0
Intercompany receivable	(193,261)	(189,085)	(148,427)
Finished goods inventories	(40,048)	(34,792)	(36,373)
Prepaid expenses and other current assets	0	0	0
Deferred income taxes	0	0	0
Total current assets	(233,309)	(223,877)	(184,800)
Property, plant, and equipment, net of accumulated depreciation of $307,449, $290,636, and $257,394, respectively	0	0	0
Goodwill	0	0	0
Tradenames and other intangibles, net	0	0	0
Other assets	0	0	0
Intercompany long term receivable	(294,017)	(294,070)	(279,897)
Intercompany long term note receivable	(100,000)	(100,000)	(100,000)
Investment in subsidiaries	(1,631,609)	(1,627,795)	(1,407,340)
Total assets	(2,258,935)	(2,245,742)	(1,972,037)
Current liabilities:
Accounts payable	0	0	0
Intercompany payables	(193,261)	(189,085)	(148,427)
Other current liabilities	0	0	0
Total current liabilities	(193,261)	(189,085)	(148,427)
Long-term debt, net	0	0	0
Deferred income taxes	0	0	0
Intercompany long term liability	(294,017)	(294,070)	(279,897)
Intercompany long term note payable	(100,000)	(100,000)	(100,000)
Other long-term liabilities	0	0	0
Total stockholders' equity	(1,671,657)	(1,662,587)	(1,443,713)
Total liabilities and stockholders' equity	$ (2,258,935)	$ (2,245,742)	$ (1,972,037)

GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Condensed Income Statements, Captions [Line Items]
Net sales	$ 724,085	$ 684,764
Cost of goods sold	413,156	400,712
Gross profit	310,929	284,052
Selling, general, and administrative expenses	228,996	211,183
Interest expense	(11,075)	(11,636)
Operating income	93,008	84,505
Interest expense	6,739	6,692
Other expense, net	(207)	(137)
(Income) loss in subsidiaries	0	0
Other expense, net	3,193	1,962
Income before income taxes	83,283	75,988
Provision for income taxes	29,303	26,196
Net income	53,980	49,792
Parent [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	0	0
Cost of goods sold	0	0
Gross profit	0	0
Selling, general, and administrative expenses	0	0
Interest expense	0	0
Operating income	0	0
Interest expense	0	0
Other expense, net	0	0
(Income) loss in subsidiaries	(53,980)	(49,792)
Other expense, net	0	0
Income before income taxes	53,980	49,792
Provision for income taxes	0	0
Net income	53,980	49,792
Subsidiary Issuer [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	451,196	435,286
Cost of goods sold	321,100	298,211
Gross profit	130,096	137,075
Selling, general, and administrative expenses	42,587	42,249
Interest expense	(9,072)	(9,039)
Operating income	96,581	103,865
Interest expense	6,608	6,662
Other expense, net	(985)	(1,557)
(Income) loss in subsidiaries	6,496	23,394
Other expense, net	200	(146)
Income before income taxes	84,262	75,512
Provision for income taxes	25,026	25,621
Net income	59,236	49,891
Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	381,280	359,396
Cost of goods sold	211,028	222,915
Gross profit	170,252	136,481
Selling, general, and administrative expenses	172,142	157,263
Interest expense	(4,211)	(4,711)
Operating income	2,321	(16,071)
Interest expense	845	1,343
Other expense, net	0	0
(Income) loss in subsidiaries	3,340	(520)
Other expense, net	(214)	137
Income before income taxes	(1,650)	(17,031)
Provision for income taxes	4,846	1,980
Net income	(6,496)	(19,011)
Non-Guarantors Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	55,830	47,120
Cost of goods sold	33,091	30,479
Gross profit	22,739	16,641
Selling, general, and administrative expenses	23,377	19,831
Interest expense	0	0
Operating income	(638)	(3,190)
Interest expense	103	115
Other expense, net	(39)	(8)
(Income) loss in subsidiaries	0	0
Other expense, net	3,207	1,971
Income before income taxes	(3,909)	(5,268)
Provision for income taxes	(569)	(1,405)
Net income	(3,340)	(3,863)
Consolidating Adjustments [Member]
Condensed Income Statements, Captions [Line Items]
Net sales	(164,221)	(157,038)
Cost of goods sold	(152,063)	(150,893)
Gross profit	(12,158)	(6,145)
Selling, general, and administrative expenses	(9,110)	(8,160)
Interest expense	2,208	2,114
Operating income	(5,256)	(99)
Interest expense	(817)	(1,428)
Other expense, net	817	1,428
(Income) loss in subsidiaries	44,144	26,918
Other expense, net	0	0
Income before income taxes	(49,400)	(27,017)
Provision for income taxes	0	0
Net income	$ (49,400)	$ (27,017)

GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2016	Apr. 04, 2015
Condensed Financial Statements, Captions [Line Items]
Net income	$ 53,980	$ 49,792
Foreign currency translation adjustments	5,286	(5,994)
Comprehensive income	59,266	43,798
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	53,980	49,792
Foreign currency translation adjustments	5,286	(5,994)
Comprehensive income	59,266	43,798
Subsidiary Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	59,236	49,891
Foreign currency translation adjustments	5,286	(5,994)
Comprehensive income	64,522	43,897
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	(6,496)	(19,011)
Foreign currency translation adjustments	5,286	8
Comprehensive income	(1,210)	(19,003)
Non-Guarantors Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	(3,340)	(3,863)
Foreign currency translation adjustments	5,286	(5,994)
Comprehensive income	1,946	(9,857)
Consolidating Adjustments [Member]
Condensed Financial Statements, Captions [Line Items]
Net income	(49,400)	(27,017)
Foreign currency translation adjustments	(15,858)	11,980
Comprehensive income	$ (65,258)	$ (15,037)

- Definition

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

+ References + Details

GUARANTOR CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Cash Flows) (Details) $ in Thousands, $ in Thousands	3 Months Ended
	Apr. 02, 2016 USD ($)	Apr. 04, 2015 USD ($)	Apr. 04, 2015 CAD ($)
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	$ 128,282	$ 87,224
Cash flows from investing activities:
Capital expenditures	(25,552)	(20,760)
Intercompany investing activity	0	0
Proceeds From Repayment of Intercompany Loan		0
Proceeds from sale of property, plant and equipment	0	76
Net cash used in investing activities	(25,552)	(20,684)
Cash flows from financing activities:
Intercompany financing activity	0	0
Proceeds from intercompany loan		0
Borrowings under secured revolving credit facility	0	20,349	$ 25,500
Payments on secured revolving credit facility	0	(20,000)
Dividends paid	(17,032)	(11,597)
Repurchase of common stock	(71,561)	(14,120)
Income tax benefit from stock-based compensation	3,144	5,771
Withholdings from vesting of restricted stock	(8,454)	(12,331)
Proceeds from exercise of stock options	3,747	2,768
Net cash (used in) provided by financing activities	(90,156)	(29,160)
Effect of exchange rate changes on cash and cash equivalents	1,358	(618)
Net increase (decrease) in cash and cash equivalents	13,932	36,762
Cash and cash equivalents, beginning of period	381,209	340,638
Cash and cash equivalents, end of period	395,141	377,400
Excess Tax Benefit from Share-based Compensation, Operating Activities	3,144	5,771
Gain (Loss) on Disposition of Property Plant Equipment	(192)	(52)
Amortization of debt issuance costs	361	280
Non-cash stock-based compensation expense	4,556	4,740
Parent [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	0	0
Cash flows from investing activities:
Capital expenditures	0	0
Intercompany investing activity	93,300	35,280
Proceeds From Repayment of Intercompany Loan		0
Proceeds from sale of property, plant and equipment		0
Net cash used in investing activities	93,300	35,280
Cash flows from financing activities:
Intercompany financing activity	0	0
Proceeds from intercompany loan		0
Borrowings under secured revolving credit facility		0
Payments on secured revolving credit facility		0
Dividends paid	(17,032)	(11,597)
Repurchase of common stock	(71,561)	(14,120)
Income tax benefit from stock-based compensation	0	0
Withholdings from vesting of restricted stock	(8,454)	(12,331)
Proceeds from exercise of stock options	3,747	2,768
Net cash (used in) provided by financing activities	(93,300)	(35,280)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0
Cash and cash equivalents, end of period	0	0
Subsidiary Issuer [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	117,433	78,186
Cash flows from investing activities:
Capital expenditures	(8,825)	(5,517)
Intercompany investing activity	(3,250)	(8,332)
Proceeds From Repayment of Intercompany Loan		20,000
Proceeds from sale of property, plant and equipment		69
Net cash used in investing activities	(12,075)	6,220
Cash flows from financing activities:
Intercompany financing activity	(101,144)	(41,315)
Proceeds from intercompany loan		0
Borrowings under secured revolving credit facility		0
Payments on secured revolving credit facility		(20,000)
Dividends paid	0	0
Repurchase of common stock	0	0
Income tax benefit from stock-based compensation	1,687	4,540
Withholdings from vesting of restricted stock	0	0
Proceeds from exercise of stock options	0	0
Net cash (used in) provided by financing activities	(99,457)	(56,775)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	5,901	27,631
Cash and cash equivalents, beginning of period	325,771
Cash and cash equivalents, end of period	331,672	338,709
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	8,504	3,969
Cash flows from investing activities:
Capital expenditures	(15,433)	(12,701)
Intercompany investing activity	(1,457)	(1,232)
Proceeds From Repayment of Intercompany Loan		0
Proceeds from sale of property, plant and equipment		0
Net cash used in investing activities	(16,890)	(13,933)
Cash flows from financing activities:
Intercompany financing activity	12,079	15,796
Proceeds from intercompany loan		0
Borrowings under secured revolving credit facility		0
Payments on secured revolving credit facility		0
Dividends paid	0	0
Repurchase of common stock	0	0
Income tax benefit from stock-based compensation	1,457	1,231
Withholdings from vesting of restricted stock	0	0
Proceeds from exercise of stock options	0	0
Net cash (used in) provided by financing activities	13,536	17,027
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	5,150	7,063
Cash and cash equivalents, beginning of period	14,652
Cash and cash equivalents, end of period	19,802	17,505
Non-Guarantors Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	2,345	5,069
Cash flows from investing activities:
Capital expenditures	(1,294)	(2,542)
Intercompany investing activity	0	0
Proceeds From Repayment of Intercompany Loan		0
Proceeds from sale of property, plant and equipment		7
Net cash used in investing activities	(1,294)	(2,535)
Cash flows from financing activities:
Intercompany financing activity	472	(197)
Proceeds from intercompany loan		(20,000)
Borrowings under secured revolving credit facility		20,349
Payments on secured revolving credit facility		0
Dividends paid	0	0
Repurchase of common stock	0	0
Income tax benefit from stock-based compensation	0	0
Withholdings from vesting of restricted stock	0	0
Proceeds from exercise of stock options	0	0
Net cash (used in) provided by financing activities	472	152
Effect of exchange rate changes on cash and cash equivalents	1,358	(618)
Net increase (decrease) in cash and cash equivalents	2,881	2,068
Cash and cash equivalents, beginning of period	40,786
Cash and cash equivalents, end of period	43,667	21,186
Consolidating Adjustments [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net Cash Provided by (Used in) Operating Activities	0	0
Cash flows from investing activities:
Capital expenditures	0	0
Intercompany investing activity	(88,593)	(25,716)
Proceeds From Repayment of Intercompany Loan		(20,000)
Proceeds from sale of property, plant and equipment		0
Net cash used in investing activities	(88,593)	(45,716)
Cash flows from financing activities:
Intercompany financing activity	88,593	25,716
Proceeds from intercompany loan		20,000
Borrowings under secured revolving credit facility		0
Payments on secured revolving credit facility		0
Dividends paid	0	0
Repurchase of common stock	0	0
Income tax benefit from stock-based compensation	0	0
Withholdings from vesting of restricted stock	0	0
Proceeds from exercise of stock options	0	0
Net cash (used in) provided by financing activities	88,593	45,716
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents, beginning of period	0
Cash and cash equivalents, end of period	$ 0	$ 0