Quarterly report pursuant to Section 13 or 15(d)

REVENUES

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REVENUES
 6 Months Ended
Jul. 02, 2022
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
Contract Balances and Performance Obligations
The following table presents information about contract balances recorded in the Company's balance sheets:
(In thousands) June 2022 December 2021 June 2021
Accounts receivable, net $ 185,157  $ 289,800  $ 215,297 
Contract assets (a)
5,648  3,093  4,694 
Contract liabilities (b)
3,227  2,258  674 
(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 six months ended June 2022 and June 2021, revenue recognized that was included in contract liabilities as of December 2021 and December 2020, respectively, was not significant.
As of June 2022, the Company has contractual rights under its licensing agreements to receive $41.4 million of fixed consideration related to the future minimum guarantees through December 2027. As of June 2022, 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 six months ended June 2022, revenue recognized from performance obligations satisfied, or partially satisfied, in prior periods was not significant. The variable consideration under these arrangements 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 sales at Wrangler® and Lee® branded full-price stores and company-operated outlet stores, digital sales at www.wrangler.com and www.lee.com and sales from international concession arrangements.
Other primarily includes other revenue sources, including sales and licensing of Rock & Republic® apparel. Other also included sales of third-party branded merchandise at company-owned outlet stores through the first quarter of 2021.
Three Months Ended June 2022
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 348,537  $ 120,197  $ 2,127  $ 470,861 
Non-U.S. Wholesale 40,457  39,858  374  80,689 
Direct-to-Consumer 28,950  32,998  74  62,022 
Total $ 417,944  $ 193,053  $ 2,575  $ 613,572 
Geographic revenues
U.S. $ 372,981  $ 135,057  $ 2,201  $ 510,239 
International 44,963  57,996  374  103,333 
Total $ 417,944  $ 193,053  $ 2,575  $ 613,572 
Three Months Ended June 2021
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 245,200  $ 79,312  $ 2,434  $ 326,946 
Non-U.S. Wholesale 41,071  55,690  805  97,566 
Direct-to-Consumer 25,030  41,012  8  66,050 
Other —  —  203  203 
Total $ 311,301  $ 176,014  $ 3,450  $ 490,765 
Geographic revenues
U.S. $ 266,146  $ 96,179  $ 2,645  $ 364,970 
International 45,155  79,835  805  125,795 
Total $ 311,301  $ 176,014  $ 3,450  $ 490,765 
Six Months Ended June 2022
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 679,189  $ 257,003  $ 4,654  $ 940,846 
Non-U.S. Wholesale 93,276  130,909  875  225,060 
Direct-to-Consumer 57,902  69,361  146  127,409 
Total $ 830,367  $ 457,273  $ 5,675  $ 1,293,315 
Geographic revenues
U.S. $ 727,374  $ 285,173  $ 4,800  $ 1,017,347 
International 102,993  172,100  875  275,968 
Total $ 830,367  $ 457,273  $ 5,675  $ 1,293,315 
Six Months Ended June 2021
(In thousands) Wrangler Lee Other Total
Channel revenues
U.S. Wholesale $ 574,899  $ 203,894  $ 4,160  $ 782,953 
Non-U.S. Wholesale 88,648  146,490  1,442  236,580 
Direct-to-Consumer 46,576  75,778  13  122,367 
Other —  —  627  627 
Total $ 710,123  $ 426,162  $ 6,242  $ 1,142,527 
Geographic revenues
U.S. $ 614,025  $ 234,411  $ 4,800  $ 853,236 
International 96,098  191,751  1,442  289,291 
Total $ 710,123  $ 426,162  $ 6,242  $ 1,142,527