Quarterly report pursuant to Section 13 or 15(d)

REVENUES

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REVENUES
 9 Months Ended
Oct. 02, 2021
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
Performance Obligations
As of September 2021, there were no arrangements with any transaction price allocated to remaining performance obligations other than (i) contracts for which the Company has applied the practical expedients and (ii) fixed consideration related to future minimum guarantees. For the three and nine months ended September 2021, revenue recognized from performance obligations satisfied, or partially satisfied, in prior periods was not significant.
Contract Balances
The following table presents information about contract balances recorded in the Company's balance sheets:
(In thousands) September 2021 December 2020 September 2020
Accounts receivable, net $ 269,874  $ 231,397  $ 221,971 
Contract assets (a)
3,702  5,769  4,385 
Contract liabilities (b)
2,118  787  1,229 
(a) Included within "prepaid expenses and other current assets" in the Company's balance sheets.
(b) Included within "accrued liabilities" in the Company's balance sheets.
For the three and nine months ended September 2021, revenue recognized that was included in contract liabilities as of December 2020 was not significant. For the three and nine months ended September 2020, revenue of $0.2 million and $1.4 million, respectively, was recognized that was included in contract liabilities as of December 2019.
As of September 2021, the Company has contractual rights under its licensing agreements to receive $26.4 million of fixed consideration related to the future minimum guarantees through December 2026. The variable consideration is not disclosed as a remaining performance obligation as the licensing arrangements qualify for the sales-based royalty exemption.
Disaggregation of Revenue
The following tables present revenues disaggregated by channel and geography. Revenues from licensing arrangements have been included within the U.S. or Non-U.S. Wholesale channels, based on the respective region where the licensee sells the product. Direct-to-Consumer revenues include the distribution of our products via Wrangler® and Lee® branded full-price stores and Company-operated outlet stores globally, digital sales at www.wrangler.com and www.lee.com globally and concession retail locations internationally.
The Other channel primarily included sales of third-party branded merchandise at VF Outlet stores through the first quarter of 2021. During 2020, the Company decided to discontinue the sale of third-party branded merchandise in all VF Outlet stores, exit certain VF Outlet stores and convert all remaining locations to Lee Wrangler OutletTM and Lee Wrangler Clearance CenterTM retail stores. Sales of Wrangler® and Lee® branded products in our retail stores are not included in Other and are reported in the Direct-to-Consumer channel discussed above.
Three Months Ended September 2021
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 344,277  $ 105,779  $ 2,226  $ 452,282 
Non-U.S. Wholesale 48,558  86,494  446  135,498 
Direct-to-Consumer 28,673  35,700  6  64,379 
Other —  —  139  139 
Total $ 421,508  $ 227,973  $ 2,817  $ 652,298 
Geographic revenues
U.S. $ 368,507  $ 121,951  $ 2,371  $ 492,829 
International 53,001  106,022  446  159,469 
Total $ 421,508  $ 227,973  $ 2,817  $ 652,298 
Three Months Ended September 2020
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 285,639  $ 105,757  $ 2,259  $ 393,655 
Non-U.S. Wholesale 35,724  70,555  1,124  107,403 
Direct-to-Consumer 25,266  38,128  8  63,402 
Other —  —  18,762  18,762 
Total $ 346,629  $ 214,440  $ 22,153  $ 583,222 
Geographic revenues
U.S. $ 307,512  $ 126,912  $ 21,029  $ 455,453 
International 39,117  87,528  1,124  127,769 
Total $ 346,629  $ 214,440  $ 22,153  $ 583,222 
Nine Months Ended September 2021
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 919,176  $ 309,673  $ 6,386  $ 1,235,235 
Non-U.S. Wholesale 137,206  232,984  1,888  372,078 
Direct-to-Consumer 75,249  111,478  19  186,746 
Other —  —  766  766 
Total $ 1,131,631  $ 654,135  $ 9,059  $ 1,794,825 
Geographic revenues
U.S. $ 982,532  $ 356,362  $ 7,171  $ 1,346,065 
International 149,099  297,773  1,888  448,760 
Total $ 1,131,631  $ 654,135  $ 9,059  $ 1,794,825 
Nine Months Ended September 2020
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 739,104  $ 231,529  $ 8,823  $ 979,456 
Non-U.S. Wholesale 99,912  157,413  1,428  258,753 
Direct-to-Consumer 62,654  94,220  11  156,885 
Other —  —  41,880  41,880 
Total $ 901,670  $ 483,162  $ 52,142  $ 1,436,974 
Geographic revenues
U.S. $ 792,662  $ 278,999  $ 50,714  $ 1,122,375 
International 109,008  204,163  1,428  314,599 
Total $ 901,670  $ 483,162  $ 52,142  $ 1,436,974