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REVENUES
 9 Months Ended
Sep. 26, 2020
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
The Company recognizes revenue when performance obligations under the terms of a contract with the customer are satisfied based on the transfer of control of promised goods or services.
Performance Obligations
Disclosure is required for the aggregate transaction price allocated to performance obligations that are unsatisfied at the end of a reporting period, unless the optional practical expedients are applicable. The Company elected the practical expedients that do not require disclosure of the transaction price allocated to remaining performance obligations for (i) variable consideration related to sales-based royalty arrangements and (ii) contracts with an original expected duration of one year or less.
As of September 2020, there were no arrangements with transaction price allocated to remaining performance obligations other than (i) contracts for which the Company has applied the practical expedients discussed above and (ii) fixed consideration related to future minimum guarantees.
For the three and nine months ended September 2020, revenue recognized from performance obligations satisfied, or partially satisfied, in prior periods was not significant.
Contract Balances
Accounts receivable represent the Company's unconditional right to receive consideration from a customer and are recorded at net invoiced amounts, less estimated allowances.
The Company's primary contract assets relate to sales-based royalty arrangements and the Company's primary contract liabilities relate to gift cards, loyalty programs and sales-based royalty arrangements.
The following table presents information about contract balances recorded in the Company's balance sheets:
(In thousands)September 2020December 2019September 2019
Accounts receivable, net$221,971 $228,459 $302,582 
Contract assets (a)
4,385 10,679 3,429 
Contract liabilities (b)
1,229 1,775 2,514 
(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 2020, the Company recognized revenue of $0.2 million and $1.4 million, respectively, that was included in contract liabilities as of December 2019. For the three and nine months ended September 2019, the Company recognized revenue of $0.2 million and $1.7 million, respectively, that was included in contract liabilities as of December 2018. The changes in the contract asset and contract liability balances primarily result from timing differences between the Company's satisfaction of performance obligations and the customer's payment.
Most of the Company's licensing agreements include minimum guarantees for sales-based royalties. As of September 2020, the Company has contractual rights under its licensing agreements to receive $19.3 million of fixed consideration related to the future minimum guarantees through December 2024. 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, which provides a meaningful depiction of how the nature, timing and uncertainty of revenues are affected by economic factors. Revenues from licensing arrangements have been included within the U.S. or Non-U.S. Wholesale channels, based on the respective region covered by the agreement. Branded Direct-to-Consumer revenues include the distribution of our products via concession retail locations internationally, Wrangler® and Lee® branded full-price stores globally and Company-operated outlet stores globally. The Branded Direct-to-Consumer channel also includes sales of our branded products in U.S.-based VF Outlet™ stores and digital sales via www.wrangler.com and www.lee.com.
The Other channel primarily includes sales of third-party branded merchandise at VF Outlet™ stores. Sales of Wrangler® and Lee® branded products at VF Outlet™ stores are not included in Other and are reported in the Branded Direct-to-Consumer channel discussed above. Prior to 2020, the Other channel also included transactions with VF for pre-Separation activities, none of which continued in 2020. These transactions included sales of VF-branded products at VF Outlet™ stores, as well as sales to VF for products manufactured in our plants, use of our transportation fleet and fulfillment of a transition services agreement related to VF’s sale of its Nautica® brand business in mid-2018.
Three Months Ended September 2020
(In thousands)WranglerLeeOtherTotal
Channel revenues
U.S. Wholesale$285,639 $105,757 $2,259 $393,655 
Non-U.S. Wholesale35,724 70,555 1,124 107,403 
Branded Direct-to-Consumer25,266 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 
International39,117 87,528 1,124 127,769 
Total$346,629 $214,440 $22,153 $583,222 
Three Months Ended September 2019
(In thousands)WranglerLeeOtherTotal
Channel revenues
U.S. Wholesale$283,616 $93,931 $5,970 $383,517 
Non-U.S. Wholesale60,523 99,386 340 160,249 
Branded Direct-to-Consumer23,067 38,904 9 61,980 
Other— — 32,392 32,392 
Total$367,206 $232,221 $38,711 $638,138 
Geographic revenues
U.S.$302,819 $115,700 $38,263 $456,782 
International64,387 116,521 448 181,356 
Total$367,206 $232,221 $38,711 $638,138 
Nine Months Ended September 2020
(In thousands)WranglerLeeOtherTotal
Channel revenues
U.S. Wholesale$739,104 $231,529 $8,823 $979,456 
Non-U.S. Wholesale99,912 157,413 1,428 258,753 
Branded Direct-to-Consumer62,654 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 
International109,008 204,163 1,428 314,599 
Total$901,670 $483,162 $52,142 $1,436,974 

Nine Months Ended September 2019
(In thousands)WranglerLeeOtherTotal
Channel revenues
U.S. Wholesale$859,481 $303,547 $17,405 $1,180,433 
Non-U.S. Wholesale169,747 257,127 973 427,847 
Branded Direct-to-Consumer71,905 119,986 23 191,914 
Other— — 96,034 96,034 
Total$1,101,133 $680,660 $114,435 $1,896,228 
Geographic revenues
U.S.$914,519 $365,615 $113,143 $1,393,277 
International186,614 315,045 1,292 502,951 
Total$1,101,133 $680,660 $114,435 $1,896,228