Quarterly report pursuant to Section 13 or 15(d)

REVENUES

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REVENUES
 3 Months Ended
Mar. 30, 2024
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
Disaggregation of Revenue
The following tables present revenues disaggregated by channel and geography. Revenues from licensing arrangements are 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 sales from company-operated Wrangler® and Lee® branded full-price and outlet stores, online and international concession arrangements.
Other includes sales and licensing of Rock & Republic®, other company-owned brands and private label apparel.
Three Months Ended March 2024
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 328,725  $ 119,147  $ 2,092  $ 449,964 
Non-U.S. Wholesale 44,438  63,618  —  108,056 
Direct-to-Consumer 36,331  36,678  173  73,182 
Total $ 409,494  $ 219,443  $ 2,265  $ 631,202 
Geographic revenues
U.S. $ 357,463  $ 132,283  $ 2,265  $ 492,011 
International 52,031  87,160  —  139,191 
Total $ 409,494  $ 219,443  $ 2,265  $ 631,202 
Three Months Ended March 2023
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 337,676  $ 135,299  $ 3,228  $ 476,203 
Non-U.S. Wholesale 51,919  66,005  10  117,934 
Direct-to-Consumer 33,552  39,345  89  72,986 
Total $ 423,147  $ 240,649  $ 3,327  $ 667,123 
Geographic revenues
U.S. $ 365,129  $ 149,690  $ 3,317  $ 518,136 
International 58,018  90,959  10  148,987 
Total $ 423,147  $ 240,649  $ 3,327  $ 667,123 
Contract Balances and Performance Obligations
The following table presents information about contract balances recorded in the Company's balance sheets:
(In thousands) March 2024 December 2023 March 2023
Accounts receivable, net $ 239,632  $ 217,673  $ 224,024 
Contract assets (a)
6,311  10,929  5,317 
Contract liabilities (b)
1,522  1,713  1,392 
(a) Included within "prepaid expenses and other current assets" in the Company's balance sheets.
(b) Included within "accrued and other current liabilities" in the Company's balance sheets.
For the three months ended March 2024 and March 2023, no significant revenue was recognized that was included in contract liabilities as of December 2023 and December 2022, respectively. For the three months ended March 2024, no significant revenue was recognized from performance obligations satisfied, or partially satisfied, in prior periods. As of March 2024, the Company has contractual rights under its licensing agreements to receive $85.2 million of fixed consideration related to the future minimum guarantees through December 2029.