Hanesbrands (HBI) 10-Q 3 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 01, 2017	Apr. 28, 2017
Document Documentand Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 1, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Trading Symbol	HBI
Entity Registrant Name	Hanesbrands Inc.
Entity Central Index Key	1,359,841
Current Fiscal Year End Date	--12-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		364,151,859

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudted) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Income Statement [Abstract]
Net sales	$ 1,380,355	$ 1,219,140
Cost of sales	840,824	761,884
Gross profit	539,531	457,256
Selling, general and administrative expenses	418,263	334,851
Operating profit	121,268	122,405
Other expenses	1,384	649
Interest expense, net	42,137	31,566
Income from continuing operations before income tax expense	77,747	90,190
Income tax expense	4,665	9,921
Income from continuing operations	73,082	80,269
Loss from discontinued operations, net of tax	(2,465)	0
Net income	$ 70,617	$ 80,269
Earnings per share — basic:
Continuing operations	$ 0.20	$ 0.21
Discontinued operations	(0.01)	0
Net income	0.19	0.21
Earnings per share — diluted:
Continuing operations	0.19	0.21
Discontinued operations	(0.01)	0
Net income	$ 0.19	$ 0.21

Condensed Consolidated Stateme3

Condensed Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Condensed Consolidated Statements Of Comprehensive Income (Unaudited) [Abstract]
Net income	$ 70,617	$ 80,269
Other comprehensive income, net of tax of $4,092, and $1,439, respectively	16,226	10,216
Comprehensive income	$ 86,843	$ 90,485

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Condensed Consolidated Statements Of Comprehensive Income (Unaudited) [Abstract]
Tax on other comprehensive income	$ 4,092	$ 1,439

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 463,623	$ 460,245
Trade accounts receivable, net	800,467	836,924
Inventories	1,998,501	1,840,565
Other current assets	196,216	137,535
Current assets of discontinued operations	0	45,897
Total current assets	3,458,807	3,321,166
Property, net	620,393	692,464
Trademarks and other identifiable intangibles, net	1,318,904	1,285,458
Goodwill	1,118,509	1,098,540
Deferred tax assets	467,993	464,872
Other noncurrent assets	71,322	67,980
Total assets	7,055,928	6,930,480
Liabilities and Stockholders’ Equity
Accounts payable	756,176	761,647
Accrued liabilities	629,494	619,795
Notes payable	43,418	56,396
Accounts Receivable Securitization Facility	192,786	44,521
Current portion of long-term debt	140,620	133,843
Current liabilities of discontinued operations	0	9,466
Total current liabilities	1,762,494	1,625,668
Long-term debt	3,763,119	3,507,685
Pension and postretirement benefits	375,036	371,612
Other noncurrent liabilities	197,219	201,601
Total liabilities	6,097,868	5,706,566
Stockholders’ equity:
Preferred stock (50,000,000 authorized shares; $.01 par value) Issued and outstanding - None	0	0
Common stock (2,000,000,000 authorized shares; $.01 par value) Issued and outstanding - 364,146,239 and 378,687,052 respectively	3,641	3,787
Additional paid-in capital	253,643	260,002
Retained earnings	1,120,541	1,396,116
Accumulated other comprehensive loss	(419,765)	(435,991)
Total stockholders’ equity	958,060	1,223,914
Total liabilities and stockholders’ equity	$ 7,055,928	$ 6,930,480

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 01, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	364,146,239	378,687,052
Common stock, shares outstanding	364,146,239	378,687,052

Condensed Consolidated Stateme7

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Operating activities:
Net income	$ 70,617	$ 80,269
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization of long-lived assets	28,765	22,820
Net loss on disposition of businesses	1,639	0
Amortization of debt issuance costs	2,701	1,790
Stock compensation expense	3,528	7,508
Deferred taxes and other	5,292	(8,372)
Changes in assets and liabilities, net of acquisition of businesses:
Accounts receivable	49,553	(34,927)
Inventories	(140,610)	(140,393)
Other assets	(6,775)	3,030
Accounts payable	(14,328)	(141,341)
Accrued pension and postretirement benefits	6,341	(37,793)
Accrued liabilities and other	(29,521)	(37,397)
Net cash from operating activities	(22,798)	(284,806)
Investing activities:
Purchases of property, plant and equipment	(16,049)	(27,859)
Proceeds from sales of assets	4,603	15,286
Acquisition of businesses, net of cash acquired	(524)	(7,062)
Disposition of businesses	37,434	0
Net cash from investing activities	25,464	(19,635)
Financing activities:
Borrowings on notes payable	27,893	368,778
Repayments on notes payable	(42,540)	(367,016)
Borrowings on Accounts Receivable Securitization Facility	213,539	53,261
Repayments on Accounts Receivable Securitization Facility	(65,274)	(48,424)
Borrowings on Revolving Loan Facilities	1,265,000	1,471,500
Repayments on Revolving Loan Facilities	(1,009,500)	(732,500)
Repayments on Term Loan Facilities	(13,594)	(10,126)
Borrowings on International Debt	0	2,895
Repayments on International Debt	(16,226)	(1,728)
Cash dividends paid	(55,875)	(42,683)
Share repurchases	(299,919)	(379,901)
Taxes paid related to net shares settlement of equity awards	(1,669)	(837)
Other	2,676	1,465
Net cash from financing activities	4,511	314,684
Effect of changes in foreign exchange rates on cash	(3,799)	3,010
Change in cash and cash equivalents	3,378	13,253
Cash and cash equivalents at beginning of year	460,245	319,169
Cash and cash equivalents at end of period	$ 463,623	$ 332,422

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 01, 2017
Text Block [Abstract]
Basis of Presentation	Basis of Presentation These statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and, in accordance with those rules and regulations, do not include all information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Management believes that the disclosures made are adequate for a fair statement of the results of operations, financial condition and cash flows of Hanesbrands Inc., a Maryland corporation, and its consolidated subsidiaries (the “Company” or “Hanesbrands”). In the opinion of management, the condensed consolidated interim financial statements reflect all adjustments, which consist only of normal recurring adjustments, necessary to state fairly the results of operations, financial condition and cash flows for the interim periods presented herein. The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make use of estimates and assumptions that affect the reported amounts and disclosures. Actual results may vary from these estimates. Three subsidiaries of the Company close on the calendar month-end, which is less than a week earlier than the Company’s consolidated quarter end. The difference in reporting of financial information for these subsidiaries did not have a material impact on the Company’s financial condition, results of operations or cash flows. As a result of further policy harmonization related to acquired businesses, certain prior year amounts in the condensed consolidated financial statements, none of which are material, have been reclassified to conform with the current year presentation. The reclassification is between the “Trade accounts receivable, net” line and the “Accrued liabilities” line of $22,746 as of December 31, 2016. This reclassification had no impact on the Company’s results of operations. These condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s most recent Annual Report on Form 10-K. The year end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for any interim period are not necessarily indicative of the results of operations to be expected for the full year.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Apr. 01, 2017
Text Block [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Inventory In July 2015, the FASB issued ASU 2015-11, “Inventory: Simplifying the Measurement of Inventory”, which requires inventory to be recorded at the lower of cost or net realizable value. The new standard was effective for the Company in the first quarter of 2017. The adoption of the new accounting rules did not have a material impact on the Company’s financial condition, results of operations or cash flows. Hedge Accounting In March 2016, the FASB issued ASU 2016-05, “Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships”, which clarifies that a change in the counterparty to a derivative contract, in and of itself, does not require the dedesignation of a hedging relationship. The new standard, which can be adopted prospectively or on a modified retrospective basis, is effective for the Company in the first quarter of 2017. Also in March 2016, the FASB issued ASU 2016-06, “Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments”, which clarify the requirements for assessing whether contingent call (put) options that can accelerate the payment of principal on debt instruments are clearly and closely related to their debt hosts. An entity performing the assessment under the amendments in this Update is required to assess the embedded call (put) options solely in accordance with the four-step decision sequence. The new standard was effective for the Company in the first quarter of 2017. The adoption of the new accounting rules did not have a material impact on the Company’s financial condition, results of operations and cash flows. Revenue from Contracts with Customers In July 2015, the FASB announced a delay of effective dates for the new accounting rules related to revenue recognition for contracts with customers by one year. In March 2016, the FASB issued ASU 2016-08, “Revenue from Contracts with Customers (Principal versus Agent Considerations)”, which clarifies revenue recognition when an agent, along with the entity, is involved in providing a good or service to a customer. In April 2016, the FASB issued ASU 2016-10, “Revenue from Contracts with Customers (Identifying Performance Obligations and Licensing)”, which clarifies the principle for determining whether a good or service is “separately identifiable” and, therefore, should be accounted for separately. In May 2016, the FASB issued ASU 2016-12, “Revenue from Contracts with Customers (Narrow-Scope Improvements and Practical Expedients)”, which clarifies the objective of the collectability criterion. A separate update issued in May 2016 clarifies the accounting for shipping and handling fees and costs as well as accounting for consideration given by a vendor to a customer. The new standard will be effective for the Company in the first quarter of 2018 with retrospective application required. The Company is currently in the process of evaluating the impact of adoption of the new rules on the Company’s financial condition, results of operations or cash flows. Statement of Cash Flows In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments”. Issues addressed in the new guidance that are relevant to the Company include debt prepayment and extinguishment costs, contingent consideration payments made after a business combination and beneficial interests in securitization transactions. The new rules will be effective for the Company in the first quarter of 2018. The Company does not expect the adoption of the new accounting rules to have a material impact on the Company’s cash flows. Income Taxes In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory”. The update eliminates the exception for an intra-entity transfer of an asset other than inventory, which aligns the recognition of income tax consequences for such transfers. The update requires the recognition of current and deferred income taxes resulting from these transfers when the transfer occurs rather than when it is sold to an external party. The new rules will be effective for the Company in the first quarter of 2018. The Company does not expect the adoption of the new accounting rules to have a material impact on the Company’s financial condition, results of operations and cash flows. Definition of a Business In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business”. The update provides for the application of a screen test to consider whether substantially all the fair value of the assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If the screen test determines this to be true, the set is not a business. The new rules will be effective for the Company in the first quarter of 2018. The Company does not expect the adoption of the new accounting rules to have a material impact on the Company’s financial condition, results of operations and cash flows. Compensation Retirement Benefits In March 2017, the FASB issued ASU 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the presentation of net periodic pension cost and net periodic postretirement benefit cost. The update requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. The new rules will be effective for the Company in the first quarter of 2018. Early adoption is permitted. The Company does not expect the adoption of the new accounting rules to have a material impact on the Company’s financial condition, results of operations and cash flows. Lease Accounting In February 2016, the FASB issued ASU 2016-02, “Leases”, which will require lessees to recognize a right-of-use asset and a lease liability for all leases that are not short-term in nature. The new rules will be effective for the Company in the first quarter of 2019. The Company is currently in the process of evaluating the impact of adoption of the new rules on the Company’s financial condition, results of operations and cash flows. Goodwill Impairment In January 2017, the FASB issued ASU 2017-04, “Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. The update simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount. The new rules will be effective for the Company in the first quarter of 2020. The Company does not expect the adoption of the new accounting rules to have a material impact on the Company’s financial condition, results of operations and cash flows.

Acquisitions

Acquisitions	3 Months Ended
	Apr. 01, 2017
Business Combinations [Abstract]
Acquisitions	Acquisitions Hanes Australasia On July 14, 2016, the Company acquired 100% of the outstanding shares of Pacific Brands Limited (“Hanes Australasia”) for a total purchase price of AUD$ 1,049,360 ( $800,871 ). US dollar equivalents are based on acquisition date exchange rates. The Company funded the acquisition through a combination of cash on hand, a portion of the net proceeds from the 3.5% Senior Notes issued in June 2016 and borrowings under the Australian Term A-1 Loan Facility and the Australian Term A-2 Loan Facility. The allocation of the purchase price is preliminary and subject to change. The primary areas of the purchase price that are not yet finalized are related to certain income taxes and residual goodwill. Accordingly, adjustments may be made to the values of the assets acquired and liabilities assumed as additional information is obtained about the facts and circumstances, which existed at the valuation date. The acquired assets and assumed liabilities at the date of acquisition (July 14, 2016) include the following: Cash and cash equivalents $ 54,294 Accounts receivable, net 36,019 Inventories 104,806 Other current assets 16,588 Current assets of discontinued operations 50,839 Property, net 34,835 Trademarks and other identifiable intangibles 506,170 Deferred tax assets and other noncurrent assets 18,320 Total assets acquired 821,871 Accounts payable 89,309 Accrued liabilities and other 22,838 Current liabilities of discontinued operations 14,564 Long-term debt 41,976 Deferred tax liabilities and other noncurrent liabilities 15,817 Total liabilities assumed 184,504 Net assets acquired 637,367 Goodwill 163,504 Purchase price $ 800,871 Since July 14, 2016, goodwill decreased by $22,644 as a result of measurement period adjustments, primarily related to the valuation adjustments for the Dunlop Flooring and Tontine Pillow businesses. Champion Europe On June 30, 2016, the Company acquired 100% of Champion Europe S.p.A. (“Champion Europe”), which owns the trademark for the Champion brand in Europe, the Middle East and Africa, from certain individual shareholders in an all-cash transaction valued at €220,751 ( $245,554 ) on an enterprise value basis, less working capital adjustments as defined in the purchase agreement, which includes €40,700 ( $45,277 ) in estimated contingent consideration. US dollar equivalents are based on acquisition date exchange rates. The Company funded the acquisition through a combination of cash on hand and a portion of the net proceeds from the 3.5% Senior Notes issued in June 2016. The estimated contingent consideration is included in the “Accrued liabilities” line in the accompanying Condensed Consolidated Balance Sheet and is based on 10 times Champion Europe’s earnings before interest, taxes, depreciation and amortization (“EBITDA”) in excess of €18,600 , calculated as defined by the purchase agreement, for the calendar year 2016 and is payable in 2017. The contingent consideration is required to be revalued each reporting period until paid. At April 1, 2017 , the contingent consideration payment was pending finalization of Champion Europe’s calendar year 2016 EBITDA calculation, in accordance with the purchase agreement. The settlement payment is estimated to be between €37,800 and €83,600 . Management continues to evaluate the proposed adjustments to the EBITDA calculation, and as such has maintained the accrual for the contingent consideration at €40,700 which is consistent with management’s expectations for the final settlement. The allocation of purchase price is preliminary and subject to change. The primary areas of the purchase price allocation that are not yet finalized are related to certain income taxes and residual goodwill. Accordingly, adjustments may be made to the values of the assets acquired and liabilities assumed as additional information is obtained about the facts and circumstances that existed at the acquisition date. The acquired assets, contingent consideration and assumed liabilities at the date of acquisition (June 30, 2016) include the following: Cash and cash equivalents $ 14,581 Trade accounts receivable, net 27,926 Inventories 53,816 Other current assets 5,976 Property, net 24,605 Trademarks and other identifiable intangibles 135,277 Deferred tax assets and other noncurrent assets 3,777 Total assets acquired 265,958 Accounts payable 66,594 Accrued liabilities and other (including contingent consideration) 60,887 Notes payable 27,748 Deferred tax liabilities and other noncurrent liabilities 20,282 Total liabilities assumed and contingent consideration 175,511 Net assets acquired 90,447 Goodwill 109,830 Initial consideration paid 200,277 Estimated contingent consideration 45,277 Total purchase price $ 245,554 Since June 30, 2016, goodwill increased by $1,665 as a result of measurement period adjustments primarily to working capital.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Apr. 01, 2017
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations As part of the Company’s acquisition of Hanes Australasia, the Company acquired Hanes Australasia’s legacy Dunlop Flooring and Tontine Pillow businesses. The Company concluded that these businesses were not a strategic fit; therefore, the decision was made to divest of the businesses. In February 2017, the Company sold its Dunlop Flooring business for AUD $34,564 ( $26,219 ) in net cash proceeds at the time of sale, with an additional AUD $1,010 ( $766 ) of proceeds received in April 2017 related to a working capital adjustment, resulting in a pre-tax loss of AUD $3,039 ( $2,331 ). US dollar equivalents are based on exchange rates on the date of the sale transaction. The Dunlop Flooring business was reported as part of discontinued operations since the date of acquisition. In March 2017, the Company sold its Tontine Pillow business for AUD $13,500 ( $10,363 ) in net cash proceeds at the time of sale. A working capital adjustment payment of AUD $1,348 ( $1,035 ) was accrued as of the quarter ended April 1, 2017 and paid to the buyer in April 2017, resulting in a net pre-tax gain of AUD $2,033 ( $1,565 ). US dollar equivalents are based on exchange rates on the date of the sale transaction. The Tontine Pillow business was reported as part of discontinued operations since the date of acquisition. The operating results of these discontinued operations only reflect revenues and expenses that are directly attributable to these businesses that were eliminated from ongoing operations. The key components from discontinued operations related to the Dunlop Flooring and Tontine Pillow businesses were as follows: Quarter Ended April 1, Net sales $ 6,865 Cost of sales 4,507 Gross profit 2,358 Selling, general and administrative expenses 3,731 Operating loss (1,373 ) Other expenses 303 Net loss on disposal of businesses 766 Loss from discontinued operations before income tax expense (2,442 ) Income tax expense 23 Net loss from discontinued operations, net of tax $ (2,465 )

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Apr. 01, 2017
Text Block [Abstract]
Stockholders' Equity	Stockholders’ Equity Basic earnings per share (“EPS”) was computed by dividing net income by the number of weighted average shares of common stock outstanding. Diluted EPS was calculated to give effect to all potentially dilutive shares of common stock using the treasury stock method. The reconciliation of basic to diluted weighted average shares outstanding is as follows: Quarter Ended April 1, April 2, Basic weighted average shares outstanding 373,218 386,598 Effect of potentially dilutive securities: Stock options 1,640 1,400 Restricted stock units 385 1,040 Employee stock purchase plan and other 8 5 Diluted weighted average shares outstanding 375,251 389,043 For the quarters ended April 1, 2017 and April 2, 2016 , no options were excluded from the diluted earnings per share calculation because their effect would be anti-dilutive. For the quarter ended April 1, 2017 , 42 restricted stock units were excluded from the diluted earnings per share calculation, and for the quarter ended April 2, 2016 , no restricted stock units were excluded from the diluted earnings per share calculation because their effect would be anti-dilutive. For the quarters ended April 1, 2017 and April 2, 2016 , the Company declared cash dividends of $0.15 and $0.11 per share, respectively. On April 25, 2017 , the Company’s Board of Directors declared a regular quarterly cash dividend of $0.15 per share on outstanding common stock to be paid on June 6, 2017 to stockholders of record at the close of business on May 16, 2017 . On April 27, 2016 , the Company’s Board of Directors approved a new share repurchase program for up to 40,000 shares to be repurchased in open market transactions, subject to market conditions, legal requirements and other factors. For the quarter ended April 1, 2017 , the Company entered into transactions to repurchase 14,696 shares at a weighted average repurchase price of $20.39 per share. The shares were repurchased at a total cost of $299,919 . For the quarter ended April 2, 2016 , the Company repurchased 14,243 shares under the previous share repurchase program approved in 2007, at a weighted average purchase price of $26.65 per share. The shares were repurchased at a total cost of $379,901 . At April 1, 2017 , the remaining repurchase authorization under the current share repurchase program totaled 25,304 shares. The program does not obligate the Company to acquire any particular amount of common stock and may be suspended or discontinued at any time at the Company’s discretion.

Inventories

Inventories	3 Months Ended
	Apr. 01, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following: April 1, December 31, Raw materials $ 138,868 $ 131,228 Work in process 205,381 185,066 Finished goods 1,654,252 1,524,271 $ 1,998,501 $ 1,840,565

Debt

Debt	3 Months Ended
	Apr. 01, 2017
Debt Disclosure [Abstract]
Debt	Debt Debt consisted of the following: Interest Principal Amount Maturity Date April 1, December 31, Senior Secured Credit Facility: Revolving Loan Facility 2.74% $ 255,500 $ — April 2020 Term Loan A 2.70% 641,875 655,469 April 2020 Term Loan B 3.48% 318,625 318,625 April 2022 Australian Term A-1 3.18% 152,587 143,544 July 2019 Australian Term A-2 3.48% 152,587 143,544 July 2021 4.875% Senior Notes 4.88% 900,000 900,000 May 2026 4.625% Senior Notes 4.63% 900,000 900,000 May 2024 3.5% Senior Notes 3.50% 532,681 520,617 June 2024 European Revolving Loan Facility 1.50% 64,593 62,474 September 2017 Accounts Receivable Securitization Facility 1.78% 192,786 44,521 March 2018 Other International Debt Various 30,386 43,789 Various 4,141,620 3,732,583 Less long-term debt issuance cost 45,095 46,534 Less current maturities 333,406 178,364 $ 3,763,119 $ 3,507,685 As of April 1, 2017 , the Company had $739,817 of borrowing availability under the $1,000,000 Revolving Loan Facility after taking into account outstanding borrowings and $4,683 of standby and trade letters of credit issued and outstanding under this facility. The Company also had $43,062 of borrowing availability under the European Revolving Loan Facility and $49,854 of borrowing availability under the Australian Revolving Loan Facility after taking into account outstanding borrowings and letters of credit outstanding under the applicable facility. In March 2017, the Company amended the accounts receivable securitization facility that it entered into in November 2007 (the “Accounts Receivable Securitization Facility”). This amendment primarily extended the termination date to March 2018 . As of April 1, 2017 , the Company was in compliance with all financial covenants under its credit facilities.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Apr. 01, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The components of Accumulated other comprehensive loss (“AOCI”) are as follows: Cumulative Translation Adjustment Hedges Defined Benefit Plans Income Taxes Accumulated Other Comprehensive Loss Balance at December 31, 2016 $ (78,059 ) $ 13,772 $ (606,583 ) $ 234,879 $ (435,991 ) Amounts reclassified from accumulated other comprehensive loss — (298 ) 4,810 (1,734 ) 2,778 Current-period other comprehensive income (loss) activity 25,736 (18,114 ) — 5,826 13,448 Balance at April 1, 2017 $ (52,323 ) $ (4,640 ) $ (601,773 ) $ 238,971 $ (419,765 ) The Company had the following reclassifications out of AOCI: Component of AOCI Location of Reclassification into Income Amount of Reclassification Quarter Ended April 1, April 2, Gain on foreign exchange contracts Cost of sales $ 298 $ 2,324 Income tax (113 ) (904 ) Net of tax 185 1,420 Amortization of deferred actuarial loss and prior service cost Selling, general and administrative (4,810 ) (4,205 ) Income tax 1,847 1,636 Net of tax (2,963 ) (2,569 ) Total reclassifications $ (2,778 ) $ (1,149 )

Financial Instruments and Risk

Financial Instruments and Risk Management	3 Months Ended
	Apr. 01, 2017
Text Block [Abstract]
Financial Instruments and Risk Management	Financial Instruments and Risk Management The Company uses forward foreign exchange contracts to manage its exposures to movements in foreign exchange rates. As of April 1, 2017 , the notional U.S. dollar equivalent of commitments to sell foreign currencies within the Company’s derivative portfolio was $560,246 , primarily consisting of contracts hedging exposures to the Australian dollar, Euro, Canadian dollar, Mexican peso, and the New Zealand dollar. Fair Values of Derivative Instruments The fair values of derivative financial instruments recognized in the Condensed Consolidated Balance Sheets of the Company were as follows: Balance Sheet Location Fair Value April 1, December 31, Hedges Other current assets $ 3,828 $ 16,729 Non-hedges Other current assets 2,475 4,363 Total derivative assets 6,303 21,092 Hedges Accrued liabilities (4,965 ) (207 ) Non-hedges Accrued liabilities (2,179 ) (172 ) Total derivative liabilities (7,144 ) (379 ) Net derivative (liability) asset $ (841 ) $ 20,713 Cash Flow Hedges The Company uses forward foreign exchange contracts to reduce the effect of fluctuating foreign currencies on short-term foreign currency-denominated transactions, foreign currency-denominated investments and other known foreign currency exposures. Gains and losses on these contracts are intended to offset losses and gains on the hedged transaction in an effort to reduce the earnings volatility resulting from fluctuating foreign currency exchange rates. The Company expects to reclassify into earnings during the next 12 months a net gain from AOCI of approximately $2,279 . The changes in fair value of derivatives excluded from the Company’s effectiveness assessments and the ineffective portion of the changes in the fair value of derivatives used as cash flow hedges are reported in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statements of Income. The effect of cash flow hedge derivative instruments on the Condensed Consolidated Statements of Income and AOCI is as follows: Amount of Loss Quarter Ended April 1, April 2, Foreign exchange contracts $ (18,114 ) $ (5,578 ) Location of Amount of Gain Quarter Ended April 1, April 2, Foreign exchange contracts Cost of sales $ 298 $ 2,324 Derivative Contracts Not Designated As Hedges The Company uses foreign exchange derivative contracts as economic hedges against the impact of foreign exchange fluctuations on existing accounts receivable and payable balances and intercompany lending transactions denominated in foreign currencies. These contracts are not designated as hedges under the accounting standards and are recorded at fair value in the Condensed Consolidated Balance Sheet. Any gains or losses resulting from changes in fair value are recognized directly into earnings. Gains or losses on these contracts largely offset the net remeasurement gains or losses on the related assets and liabilities. The effect of derivative contracts not designated as hedges on the Condensed Consolidated Statements of Income is as follows: Location of Loss Amount of Loss Quarter Ended April 1, April 2, Foreign exchange contracts Selling, general and administrative expenses $ (4,264 ) $ (2,408 )

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
	Apr. 01, 2017
Text Block [Abstract]
Fair Value of Assets and Liabilities	Fair Value of Assets and Liabilities As of April 1, 2017 , the Company held certain financial assets and liabilities that are required to be measured at fair value on a recurring basis. These consisted of the Company’s derivative instruments related to foreign exchange rates, deferred compensation plan liabilities and contingent consideration resulting from the Champion Europe acquisition. The fair values of foreign currency derivatives are determined using the cash flows of the foreign exchange contract, discount rates to account for the passage of time and current foreign exchange market data and are categorized as Level 2. The fair value of deferred compensation plans is based on readily available current market data and is categorized as Level 2. The fair value of the contingent consideration obligation is determined by applying a multiple of 10 times Champion Europe’s EBITDA for calendar year 2016 in excess of €18,600 , as defined per the purchase agreement, as further described in Note 3 to the Company’s condensed consolidated financial statements, and is categorized as Level 3. The contingent consideration obligation will be revalued each reporting period until the related contingencies are resolved, with any adjustments to the fair value recognized in earnings. The Company’s defined benefit pension plan investments are not required to be measured at fair value on a recurring basis. There were no changes during the quarter ended April 1, 2017 to the Company’s valuation techniques used to measure asset and liability fair values on a recurring basis. There were no transfers into or out of Level 1, Level 2 or Level 3 during the quarter ended April 1, 2017 . As of and during the quarter ended April 1, 2017 , the Company did not have any non-financial assets or liabilities that were required to be measured at fair value on a recurring or non-recurring basis. The following tables set forth, by level within the fair value hierarchy, the Company’s financial assets and liabilities accounted for at fair value on a recurring basis. Assets (Liabilities) at Fair Value as of Total Quoted Prices In Significant Significant Foreign exchange derivative contracts $ 6,303 $ — $ 6,303 $ — Foreign exchange derivative contracts (7,144 ) — (7,144 ) — (841 ) — (841 ) — Champion Europe contingent consideration (43,815 ) — — (43,815 ) Deferred compensation plan liability (52,089 ) — (52,089 ) — Total $ (96,745 ) $ — $ (52,930 ) $ (43,815 ) Assets (Liabilities) at Fair Value as of Total Quoted Prices In Significant Significant Foreign exchange derivative contracts $ 21,092 $ — $ 21,092 $ — Foreign exchange derivative contracts (379 ) — (379 ) — 20,713 — 20,713 — Champion Europe contingent consideration (42,378 ) — — (42,378 ) Deferred compensation plan liability (51,868 ) — (51,868 ) — Total $ (73,533 ) $ — $ (31,155 ) $ (42,378 ) Fair Value of Financial Instruments The carrying amounts of cash and cash equivalents, trade accounts receivable, notes receivable and accounts payable approximated fair value as of April 1, 2017 and December 31, 2016 . The carrying amount of trade accounts receivable included allowance for doubtful accounts, chargebacks and other deductions of $20,320 and $18,726 as of April 1, 2017 and December 31, 2016 , respectively. The fair value of debt, which is classified as a Level 2 liability, was $4,095,861 and $3,729,270 as of April 1, 2017 and December 31, 2016 , respectively. Debt had a carrying value of $4,141,620 and $3,732,583 as of April 1, 2017 and December 31, 2016 , respectively. The fair values were estimated using quoted market prices as provided in secondary markets, which consider the Company’s credit risk and market related conditions. The carrying amounts of the Company’s notes payable, which is classified as a Level 2 liability, approximated fair value as of April 1, 2017 and December 31, 2016 , primarily due to the short-term nature of these instruments.

Income Taxes

Income Taxes	3 Months Ended
	Apr. 01, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective income tax rate for continuing operations was 6% and 11% for the quarters ended April 1, 2017 and April 2, 2016 , respectively. The lower effective income tax rate for the quarter ended April 1, 2017 compared to the quarter ended April 2, 2016 was primarily due to a lower proportion of earnings attributed to domestic subsidiaries, which are taxed at rates higher than foreign subsidiaries, as well as an income tax benefit recognized in the first quarter of 2017 related to the realization of an unrecognized tax benefit resulting from the effective settlement of positions in foreign jurisdictions.

Business Segment Information

Business Segment Information	3 Months Ended
	Apr. 01, 2017
Text Block [Abstract]
Business Segment Information	Business Segment Information In the first quarter of 2017, the Company realigned its reporting segments to reflect the new model under which the business will be managed and results will be reviewed by the chief executive officer, who is the Company’s chief operating decision maker. The former Direct to Consumer segment, which consisted of the Company’s U.S. value-based (“outlet”) stores, legacy catalog business and U.S. retail Internet operations, was eliminated. The Company’s U.S. retail Internet operations, which sells products directly to consumers, is now reported in the respective Innerwear and Activewear segments. Other consists of the Company’s U.S. value-based (“outlet”) stores, U.S. hosiery business (previously reported in the Innerwear segment) and legacy catalog operations. Prior year segment sales and operating profit results have been revised to conform to the current year presentation. The Company’s operations are managed and reported in three operating segments, each of which is a reportable segment for financial reporting purposes: Innerwear, Activewear and International. These segments are organized principally by product category and geographic location. Each segment has its own management that is responsible for the operations of the segment’s businesses, but the segments share a common supply chain and media and marketing platforms. The types of products and services from which each reportable segment derives its revenues are as follows: • Innerwear sells basic branded products that are replenishment in nature under the product categories of men’s underwear, panties, children’s underwear, socks and intimate apparel, which includes bras and shapewear. • Activewear sells basic branded products that are primarily seasonal in nature under the product categories of branded printwear and retail activewear, as well as licensed logo apparel in collegiate bookstores, mass retail and other channels. • International primarily relates to the Europe, Australia, Asia, Latin America and Canada geographic locations that sell products that primarily span across the Innerwear and Activewear product categories. The Company evaluates the operating performance of its segments based upon segment operating profit, which is defined as operating profit before general corporate expenses, acquisition-related and integration charges and amortization of intangibles. The accounting policies of the segments are consistent with those described in Note 2 to the Company’s consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2016 . Quarter Ended April 1, April 2, Net sales: Innerwear $ 505,190 $ 537,021 Activewear 327,343 316,543 International 477,398 279,087 Other 70,424 86,489 Total net sales $ 1,380,355 $ 1,219,140 Quarter Ended April 1, April 2, Segment operating profit: Innerwear $ 102,701 $ 109,735 Activewear 33,408 32,105 International 50,495 24,719 Other 445 5,679 Total segment operating profit 187,049 172,238 Items not included in segment operating profit: General corporate expenses (20,229 ) (21,435 ) Acquisition-related and integration charges (38,367 ) (24,669 ) Amortization of intangibles (7,185 ) (3,729 ) Total operating profit 121,268 122,405 Other expenses (1,384 ) (649 ) Interest expense, net (42,137 ) (31,566 ) Income from continuing operations before income tax expense $ 77,747 $ 90,190 For the quarter ended April 1, 2017 , the Company incurred acquisition-related and integration charges of $38,367 , of which $15,475 is reported in the “Cost of sales” line and $22,892 is reported in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statement of Income. For the quarter ended April 2, 2016 , the Company incurred acquisition-related and integration charges of $24,669 , of which $4,869 is reported in the “Cost of sales” line and $19,800 is reported in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statement of Income. As part of the Hanes Europe Innerwear acquisition strategy, in 2015 the Company identified management and administrative positions that were considered non-essential and/or duplicative that have or will be eliminated. As of December 31, 2016 , the Company had accrued approximately $32,542 for expected benefit payments related to employee termination and other benefits for affected employees. During the quarter ended April 1, 2017 , there were approximately $2,274 of benefit payments and foreign currency adjustments, resulting in an accrual of $30,268 , of which, $15,612 and $14,656 , is included in the “Accrued liabilities” and “Other noncurrent liabilities” lines of the Condensed Consolidated Balance Sheet, respectively. In the first quarter of 2017, the Company approved an action to resize its U.S. corporate office workforce through a voluntary separation program affecting employees primarily in the Innerwear and Activewear segments. As of April 1, 2017 , the Company accrued approximately $10,145 for employee termination and other benefits in accordance with expected benefit payments, with the majority of charges reflected in the “Selling, general and administrative expenses” line of the Condensed Consolidated Statements of Income. As of April 1, 2017 , no benefit payments had been made. The accrual is included in the “Accrued liabilities” line of the Condensed Consolidated Balance sheet, respectively. The Company also closed its Nanjing, China textile plant in the first quarter of 2017 as part of a plan to realign its Asia textile production in order to better support its global commercial footprint, which has evolved over the past 10 years through major acquisitions in the United States, Europe and Australia. As of April 1, 2017 , the Company accrued approximately $8,534 for employee termination and other benefits, in general corporate expenses, in accordance with expected benefit payments for employees. The charges, along with other facility exit costs of $2,831 , were reflected in the “Cost of sales” line of the Condensed Consolidated Statements of Income. The accrual is included in the “Accrued liabilities” line of the Condensed Consolidated Balance Sheet. As of April 1, 2017 , the Nanjing, China textile plant, valued at $65,570 , was classified as assets held for sale and reported within the “Other current assets” line of the Condensed Consolidated Balance Sheet.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Apr. 01, 2017
Hanes Australasia
Business Acquisition [Line Items]
Schedule of acquired assets and liabilities assumed	The acquired assets and assumed liabilities at the date of acquisition (July 14, 2016) include the following: Cash and cash equivalents $ 54,294 Accounts receivable, net 36,019 Inventories 104,806 Other current assets 16,588 Current assets of discontinued operations 50,839 Property, net 34,835 Trademarks and other identifiable intangibles 506,170 Deferred tax assets and other noncurrent assets 18,320 Total assets acquired 821,871 Accounts payable 89,309 Accrued liabilities and other 22,838 Current liabilities of discontinued operations 14,564 Long-term debt 41,976 Deferred tax liabilities and other noncurrent liabilities 15,817 Total liabilities assumed 184,504 Net assets acquired 637,367 Goodwill 163,504 Purchase price $ 800,871
Champion Europe
Business Acquisition [Line Items]
Schedule of acquired assets and liabilities assumed	The acquired assets, contingent consideration and assumed liabilities at the date of acquisition (June 30, 2016) include the following: Cash and cash equivalents $ 14,581 Trade accounts receivable, net 27,926 Inventories 53,816 Other current assets 5,976 Property, net 24,605 Trademarks and other identifiable intangibles 135,277 Deferred tax assets and other noncurrent assets 3,777 Total assets acquired 265,958 Accounts payable 66,594 Accrued liabilities and other (including contingent consideration) 60,887 Notes payable 27,748 Deferred tax liabilities and other noncurrent liabilities 20,282 Total liabilities assumed and contingent consideration 175,511 Net assets acquired 90,447 Goodwill 109,830 Initial consideration paid 200,277 Estimated contingent consideration 45,277 Total purchase price $ 245,554

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Apr. 01, 2017
Tontine Pillow and Dunlop Flooring [Member] | Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued operations	The key components from discontinued operations related to the Dunlop Flooring and Tontine Pillow businesses were as follows: Quarter Ended April 1, Net sales $ 6,865 Cost of sales 4,507 Gross profit 2,358 Selling, general and administrative expenses 3,731 Operating loss (1,373 ) Other expenses 303 Net loss on disposal of businesses 766 Loss from discontinued operations before income tax expense (2,442 ) Income tax expense 23 Net loss from discontinued operations, net of tax $ (2,465 )

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Apr. 01, 2017
Text Block [Abstract]
Reconciliation of Basic to Diluted Weighted Average Shares	The reconciliation of basic to diluted weighted average shares outstanding is as follows: Quarter Ended April 1, April 2, Basic weighted average shares outstanding 373,218 386,598 Effect of potentially dilutive securities: Stock options 1,640 1,400 Restricted stock units 385 1,040 Employee stock purchase plan and other 8 5 Diluted weighted average shares outstanding 375,251 389,043

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Apr. 01, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: April 1, December 31, Raw materials $ 138,868 $ 131,228 Work in process 205,381 185,066 Finished goods 1,654,252 1,524,271 $ 1,998,501 $ 1,840,565

Debt (Tables)

Debt (Tables)	3 Months Ended
	Apr. 01, 2017
Debt Disclosure [Abstract]
Debt	Debt consisted of the following: Interest Principal Amount Maturity Date April 1, December 31, Senior Secured Credit Facility: Revolving Loan Facility 2.74% $ 255,500 $ — April 2020 Term Loan A 2.70% 641,875 655,469 April 2020 Term Loan B 3.48% 318,625 318,625 April 2022 Australian Term A-1 3.18% 152,587 143,544 July 2019 Australian Term A-2 3.48% 152,587 143,544 July 2021 4.875% Senior Notes 4.88% 900,000 900,000 May 2026 4.625% Senior Notes 4.63% 900,000 900,000 May 2024 3.5% Senior Notes 3.50% 532,681 520,617 June 2024 European Revolving Loan Facility 1.50% 64,593 62,474 September 2017 Accounts Receivable Securitization Facility 1.78% 192,786 44,521 March 2018 Other International Debt Various 30,386 43,789 Various 4,141,620 3,732,583 Less long-term debt issuance cost 45,095 46,534 Less current maturities 333,406 178,364 $ 3,763,119 $ 3,507,685

Accumulated Other Comprehensi25

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Apr. 01, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The components of Accumulated other comprehensive loss (“AOCI”) are as follows: Cumulative Translation Adjustment Hedges Defined Benefit Plans Income Taxes Accumulated Other Comprehensive Loss Balance at December 31, 2016 $ (78,059 ) $ 13,772 $ (606,583 ) $ 234,879 $ (435,991 ) Amounts reclassified from accumulated other comprehensive loss — (298 ) 4,810 (1,734 ) 2,778 Current-period other comprehensive income (loss) activity 25,736 (18,114 ) — 5,826 13,448 Balance at April 1, 2017 $ (52,323 ) $ (4,640 ) $ (601,773 ) $ 238,971 $ (419,765 )
Schedule of Reclassifications Out of Accumulated Other Comprehensive Loss	The Company had the following reclassifications out of AOCI: Component of AOCI Location of Reclassification into Income Amount of Reclassification Quarter Ended April 1, April 2, Gain on foreign exchange contracts Cost of sales $ 298 $ 2,324 Income tax (113 ) (904 ) Net of tax 185 1,420 Amortization of deferred actuarial loss and prior service cost Selling, general and administrative (4,810 ) (4,205 ) Income tax 1,847 1,636 Net of tax (2,963 ) (2,569 ) Total reclassifications $ (2,778 ) $ (1,149 )

Financial Instruments and Ris26

Financial Instruments and Risk Management (Tables)	3 Months Ended
	Apr. 01, 2017
Text Block [Abstract]
Fair Values of Derivative Instruments	The fair values of derivative financial instruments recognized in the Condensed Consolidated Balance Sheets of the Company were as follows: Balance Sheet Location Fair Value April 1, December 31, Hedges Other current assets $ 3,828 $ 16,729 Non-hedges Other current assets 2,475 4,363 Total derivative assets 6,303 21,092 Hedges Accrued liabilities (4,965 ) (207 ) Non-hedges Accrued liabilities (2,179 ) (172 ) Total derivative liabilities (7,144 ) (379 ) Net derivative (liability) asset $ (841 ) $ 20,713
Effect of Cash Flow Hedge Derivative Instruments	The effect of cash flow hedge derivative instruments on the Condensed Consolidated Statements of Income and AOCI is as follows: Amount of Loss Quarter Ended April 1, April 2, Foreign exchange contracts $ (18,114 ) $ (5,578 ) Location of Amount of Gain Quarter Ended April 1, April 2, Foreign exchange contracts Cost of sales $ 298 $ 2,324
Effect of Mark to Market Hedge Derivative Instruments on Condensed Consolidated Statements of Income	The effect of derivative contracts not designated as hedges on the Condensed Consolidated Statements of Income is as follows: Location of Loss Amount of Loss Quarter Ended April 1, April 2, Foreign exchange contracts Selling, general and administrative expenses $ (4,264 ) $ (2,408 )

Fair Value of Assets and Liab27

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Apr. 01, 2017
Text Block [Abstract]
Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis	The following tables set forth, by level within the fair value hierarchy, the Company’s financial assets and liabilities accounted for at fair value on a recurring basis. Assets (Liabilities) at Fair Value as of Total Quoted Prices In Significant Significant Foreign exchange derivative contracts $ 6,303 $ — $ 6,303 $ — Foreign exchange derivative contracts (7,144 ) — (7,144 ) — (841 ) — (841 ) — Champion Europe contingent consideration (43,815 ) — — (43,815 ) Deferred compensation plan liability (52,089 ) — (52,089 ) — Total $ (96,745 ) $ — $ (52,930 ) $ (43,815 ) Assets (Liabilities) at Fair Value as of Total Quoted Prices In Significant Significant Foreign exchange derivative contracts $ 21,092 $ — $ 21,092 $ — Foreign exchange derivative contracts (379 ) — (379 ) — 20,713 — 20,713 — Champion Europe contingent consideration (42,378 ) — — (42,378 ) Deferred compensation plan liability (51,868 ) — (51,868 ) — Total $ (73,533 ) $ — $ (31,155 ) $ (42,378 )

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Apr. 01, 2017
Text Block [Abstract]
Net Sales	The accounting policies of the segments are consistent with those described in Note 2 to the Company’s consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2016 . Quarter Ended April 1, April 2, Net sales: Innerwear $ 505,190 $ 537,021 Activewear 327,343 316,543 International 477,398 279,087 Other 70,424 86,489 Total net sales $ 1,380,355 $ 1,219,140
Segment Operating Profit	Quarter Ended April 1, April 2, Segment operating profit: Innerwear $ 102,701 $ 109,735 Activewear 33,408 32,105 International 50,495 24,719 Other 445 5,679 Total segment operating profit 187,049 172,238 Items not included in segment operating profit: General corporate expenses (20,229 ) (21,435 ) Acquisition-related and integration charges (38,367 ) (24,669 ) Amortization of intangibles (7,185 ) (3,729 ) Total operating profit 121,268 122,405 Other expenses (1,384 ) (649 ) Interest expense, net (42,137 ) (31,566 ) Income from continuing operations before income tax expense $ 77,747 $ 90,190

Basis of Presentation Basis of

Basis of Presentation Basis of Presentation (Details)	3 Months Ended
	Apr. 01, 2017USD ($)
Accounting Changes and Error Corrections [Abstract]
Prior Period Reclassification Adjustment	$ 22,746

Acquisitions Narrative (Details

Acquisitions Narrative (Details) € in Thousands, AUD in Thousands, $ in Thousands	Jul. 14, 2016AUD	Jul. 14, 2016USD ($)	Jun. 30, 2016EUR (€)	Jun. 30, 2016USD ($)	Apr. 01, 2017USD ($)	Dec. 31, 2016EUR (€)	Apr. 01, 2017EUR (€)	Apr. 01, 2017USD ($)	Dec. 31, 2016USD ($)	Jun. 30, 2016USD ($)
Business Acquisition [Line Items]
Goodwill								$ 1,118,509	$ 1,098,540
Hanes Australasia
Business Acquisition [Line Items]
Percent of business acquired		100.00%
Payments to acquire businesses	AUD 1,049,360	$ 800,871
Goodwill		$ 163,504
Champion Europe
Business Acquisition [Line Items]
Percent of business acquired			100.00%							100.00%
Payments to acquire businesses			€ 220,751	$ 245,554
Estimated contingent consideration			€ 40,700							$ 45,277
Fair Value Inputs, Earnings before Interest, Taxes, Depreciation, and Amortization Multiple			10	10
Contingent Consideration EBITDA Floor | €						€ 18,600
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low | €							€ 37,800
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | €							€ 83,600
Goodwill										$ 109,830
Valuation Adjustments [Member] | Hanes Australasia
Business Acquisition [Line Items]
Goodwill, purchase accounting adjustments					$ 22,644
Working Capital | Champion Europe
Business Acquisition [Line Items]
Goodwill, purchase accounting adjustments					$ 1,665
3.50% Senior Notes
Business Acquisition [Line Items]
Interest Rate on Senior Notes Issued							3.50%	3.50%

Acquisitions (Details)

Acquisitions (Details) € in Thousands, $ in Thousands	Apr. 01, 2017USD ($)	Dec. 31, 2016USD ($)	Jul. 14, 2016USD ($)	Jun. 30, 2016EUR (€)	Jun. 30, 2016USD ($)
Business Acquisition [Line Items]
Goodwill	$ 1,118,509	$ 1,098,540
Hanes Australasia
Business Acquisition [Line Items]
Cash and cash equivalents			$ 54,294
Trade accounts receivable			36,019
Inventories			104,806
Other current assets			16,588
Current assets of discontinued operations			50,839
Property, net			34,835
Trademarks and other identifiable intangibles			506,170
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets			18,320
Total assets acquired			821,871
Accounts payable, accrued liabilities and other			89,309
Accrued liabilities			22,838
Deferred tax liabilities and other noncurrent liabilities			15,817
Current Liabilities of Discontinued Operations			14,564
Long-term Debt			41,976
Total liabilities assumed			184,504
Net assets acquired			637,367
Goodwill			163,504
Purchase price			$ 800,871
Champion Europe
Business Acquisition [Line Items]
Cash and cash equivalents					$ 14,581
Trade accounts receivable					27,926
Inventories					53,816
Other current assets					5,976
Property, net					24,605
Trademarks and other identifiable intangibles					135,277
Deferred tax assets and other noncurrent assets					3,777
Total assets acquired					265,958
Accounts payable, accrued liabilities and other					66,594
Accrued liabilities					60,887
Notes payable					27,748
Deferred tax liabilities and other noncurrent liabilities					20,282
Total liabilities assumed					175,511
Net assets acquired					90,447
Goodwill					109,830
Initial consideration paid					200,277
Estimated contingent consideration				€ 40,700	45,277
Purchase price					$ 245,554

Discontinued Operations (Detail

Discontinued Operations (Details) - Discontinued Operations [Member] $ in Thousands	3 Months Ended
	Apr. 01, 2017USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$ 6,865
Cost of sales	4,507
Gross profit	2,358
Selling, general and administrative expenses	3,731
Operating profit	(1,373)
Other expenses	303
Net loss on disposal of businesses	766
Loss from discontinued operations before income tax expense	(2,442)
Income tax expense	23
Net loss from discontinued operations, net of tax	$ (2,465)

Discontinued Operations Narrati

Discontinued Operations Narrative (Details) AUD in Thousands, $ in Thousands	1 Months Ended				3 Months Ended
	Apr. 30, 2017AUD	Apr. 30, 2017USD ($)	Feb. 28, 2017AUD	Feb. 28, 2017USD ($)	Apr. 01, 2017AUD	Apr. 01, 2017USD ($)	Apr. 01, 2017USD ($)
Dunlop Flooring [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses			AUD 34,564	$ 26,219
Gain (Loss) on Disposition of Business					AUD (3,039)	$ (2,331)
Tontine Pillow [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses			AUD 13,500	$ 10,363
Adjustments to Proceeds from Previous Divestiture					(1,348)		$ (1,035)
Gain (Loss) on Disposition of Business					AUD 2,033	$ 1,565
Subsequent Event [Member] | Dunlop Flooring [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses	AUD 1,010	$ 766

Stockholders' Equity (Reconcili

Stockholders' Equity (Reconciliation of basic to diluted weighted average shares) (Detail) - shares shares in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Disclosure Reconciliation Of Basic To Diluted Weighted Average Shares [Abstract]
Basic weighted average shares outstanding	373,218	386,598
Effect of potentially dilutive securities:
Stock options	1,640	1,400
Restricted stock units	385	1,040
Employee stock purchase plan and other	8	5
Diluted weighted average shares outstanding	375,251	389,043

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 25, 2017	Apr. 01, 2017	Apr. 02, 2016	Apr. 27, 2016	Dec. 31, 2007
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dividends, Per Share, Declared		$ 0.15	$ 0.11
Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		0	0
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		42,000	0
2007 Share Repurchase Plan [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased					40,000,000
Stock repurchased during period, shares			14,243,000
Shares acquired weighted average cost per share			$ 26.65
Stock repurchased during period, value			$ 379,901
2016 Share Repurchase Plan [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased				40,000,000
Stock repurchased during period, shares		14,696,000
Shares acquired weighted average cost per share		$ 20.39
Stock repurchased during period, value		$ 299,919
Remaining number of shares authorized to be repurchased		25,304,000
Subsequent Event [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dividends, Per Share, Declared	$ 0.15

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Raw materials	$ 138,868	$ 131,228
Work in process	205,381	185,066
Finished goods	1,654,252	1,524,271
Total Inventories	$ 1,998,501	$ 1,840,565

Debt (Detail)

Debt (Detail) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Principal amount	$ 4,141,620	$ 3,732,583
Long-term debt issuance cost	45,095	46,534
Long-term debt, current maturities	333,406	178,364
Long-term debt, excluding current maturities	$ 3,763,119	3,507,685
Revolving Loan Facility
Debt Instrument [Line Items]
Interest rate as of April 1, 2017	2.74%
Principal amount	$ 255,500	0
Term Loan A
Debt Instrument [Line Items]
Interest rate as of April 1, 2017	2.70%
Principal amount	$ 641,875	655,469
Term Loan B
Debt Instrument [Line Items]
Interest rate as of April 1, 2017	3.48%
Principal amount	$ 318,625	318,625
Australian Term A-1 Loan Facility
Debt Instrument [Line Items]
Interest rate as of April 1, 2017	3.18%
Principal amount	$ 152,587	143,544
Australian Term A-2 Loan Facility
Debt Instrument [Line Items]
Interest rate as of April 1, 2017	3.48%
Principal amount	$ 152,587	143,544
4.875% Senior Notes
Debt Instrument [Line Items]
Interest rate as of April 1, 2017	4.875%
Principal amount	$ 900,000	900,000
4.625% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate as of April 1, 2017	4.625%
Principal amount	$ 900,000	900,000
3.50% Senior Notes
Debt Instrument [Line Items]
Interest rate as of April 1, 2017	3.50%
Principal amount	$ 532,681	520,617
European Revolving Loan Facility
Debt Instrument [Line Items]
Interest rate as of April 1, 2017	1.50%
Principal amount	$ 64,593	62,474
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Interest rate as of April 1, 2017	1.78%
Principal amount	$ 192,786	44,521
Other International Debt
Debt Instrument [Line Items]
Principal amount	$ 30,386	$ 43,789

Debt (Additional Information) (

Debt (Additional Information) (Detail) $ in Thousands	Apr. 01, 2017USD ($)
Revolving Loan Facility
Debt Instrument [Line Items]
Remaining capacity under senior secured credit facility	$ 739,817
Maximum borrowing capacity under revolving credit facility	1,000,000
Trade letters of credit issued	4,683
European Revolving Loan Facility
Debt Instrument [Line Items]
Remaining capacity under senior secured credit facility	43,062
Australian Revolving Facility
Debt Instrument [Line Items]
Remaining capacity under senior secured credit facility	$ 49,854

(Accumulated Other Comprehensiv

(Accumulated Other Comprehensive Income (Loss) Rollforward) (Details) $ in Thousands	3 Months Ended
	Apr. 01, 2017USD ($)
Accumulated Other Comprehensive Income (Loss), Tax [Roll Forward]
Balance at December 31, 2016, tax	$ 234,879
Amounts reclassified from accumulated other comprehensive loss, tax	(1,734)
Current-period other comprehensive income (loss) activity, tax	5,826
Balance at April 1, 2017, tax	238,971
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at December 31, 2016, net of tax	(435,991)
Amounts reclassified from accumulated other comprehensive loss, net of tax	2,778
Current-period other comprehensive income (loss) activity, net of tax	13,448
Balance at April 1, 2017, net of tax	(419,765)
Cumulative translation adjustment
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance at December 31, 2016, before tax	(78,059)
Amounts reclassified from accumulated other comprehensive loss, before tax	0
Current-period other comprehensive income (loss) activity, before tax	25,736
Balance at April 1, 2017, before tax	(52,323)
Foreign exchange contracts
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance at December 31, 2016, before tax	13,772
Amounts reclassified from accumulated other comprehensive loss, before tax	(298)
Current-period other comprehensive income (loss) activity, before tax	(18,114)
Balance at April 1, 2017, before tax	(4,640)
Defined benefit plans
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance at December 31, 2016, before tax	(606,583)
Amounts reclassified from accumulated other comprehensive loss, before tax	4,810
Current-period other comprehensive income (loss) activity, before tax	0
Balance at April 1, 2017, before tax	$ (601,773)

Accumulated Other Comprehensi40

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ 840,824	$ 761,884
Selling, general and administrative expenses	418,263	334,851
Income tax expense (benefit)	4,665	9,921
Net income	70,617	80,269
Reclassification out of Accumulated Other Comprehensive Income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net income	(2,778)	(1,149)
Reclassification out of Accumulated Other Comprehensive Income | Amortization of deferred actuarial loss and prior service cost
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	(4,810)	(4,205)
Income tax expense (benefit)	1,847	1,636
Net income	(2,963)	(2,569)
Reclassification out of Accumulated Other Comprehensive Income | Foreign Exchange Contract | Gain (loss) on cash flow hedges:
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	298	2,324
Income tax expense (benefit)	(113)	(904)
Net income	$ 185	$ 1,420

Financial Instruments and Ris41

Financial Instruments and Risk Management (Additional Information) (Detail) $ in Thousands	3 Months Ended
	Apr. 01, 2017USD ($)
Derivative [Line Items]
Amount expected to be reclassified into earnings	$ 2,279
Foreign Exchange Contract | Designated as Hedging Instrument | Short
Derivative [Line Items]
Commitments to sell and purchase foreign currencies in foreign currency cash flow hedge derivative portfolio	560,246
Foreign Exchange Contract | Designated as Hedging Instrument | Long
Derivative [Line Items]
Commitments to sell and purchase foreign currencies in foreign currency cash flow hedge derivative portfolio	$ 0

Financial Instruments and Ris42

Financial Instruments and Risk Management (Fair Values of Derivative Instruments) (Detail) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Fair value of assets and liabilities	$ (841)	$ 20,713
Other current assets
Derivatives, Fair Value [Line Items]
Total derivative assets	6,303	21,092
Other current assets | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivative assets	3,828	16,729
Other current assets | Non-hedges
Derivatives, Fair Value [Line Items]
Total derivative assets	2,475	4,363
Accrued liabilities
Derivatives, Fair Value [Line Items]
Total derivative liabilities	7,144	379
Accrued liabilities | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivative liabilities	4,965	207
Accrued liabilities | Non-hedges
Derivatives, Fair Value [Line Items]
Total derivative liabilities	$ 2,179	$ 172

Financial Instruments and Ris43

Financial Instruments and Risk Management (Effect of cash flow hedge derivative instruments) (Detail) - Foreign Exchange Contract - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Loss (Effective Portion)	$ (18,114)	$ (5,578)
Cost of Sales
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)	$ 298	$ 2,324

Financial Instruments and Ris44

Financial Instruments and Risk Management (Effect of mark to market hedge derivative instruments on Condensed Consolidated Statements of Income) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Foreign Exchange Contract | Selling, General and Administrative Expenses
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income	$ (4,264)	$ (2,408)

Fair Value of Assets and Liab45

Fair Value of Assets and Liabilities (Additional Information) (Detail) - USD ($) $ in Thousands	Apr. 01, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Allowance for Doubtful Accounts Receivable, Current	$ 20,320	$ 18,726
Carrying value of debt	4,141,620	3,732,583
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	$ 4,095,861	$ 3,729,270

Fair Value of Assets and Liab46

Fair Value of Assets and Liabilities (Fair Value of Financial Assets and Liabilities Measured on Recurring Basis) (Detail) € in Thousands, $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2016EUR (€)	Apr. 01, 2017USD ($)	Dec. 31, 2016USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets and liabilities			$ (841)	$ 20,713
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets and liabilities			(841)	20,713
Champion Europe contingent consideration			43,815	42,378
Deferred compensation plan liability			52,089	51,868
Net Effect Of Financial Asset Less Financial Liability			(96,745)	(73,533)
Fair Value, Measurements, Recurring | Quoted Prices In Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets and liabilities			0	0
Champion Europe contingent consideration			0	0
Deferred compensation plan liability			0	0
Net Effect Of Financial Asset Less Financial Liability			0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets and liabilities			(841)	20,713
Champion Europe contingent consideration			0	0
Deferred compensation plan liability			52,089	51,868
Net Effect Of Financial Asset Less Financial Liability			(52,930)	(31,155)
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets and liabilities			0	0
Deferred compensation plan liability			0	0
Net Effect Of Financial Asset Less Financial Liability			(43,815)	(42,378)
Fair Value, Measurements, Recurring | Foreign exchange derivative contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets			6,303	21,092
Total derivative liabilities			7,144	379
Fair Value, Measurements, Recurring | Foreign exchange derivative contracts | Quoted Prices In Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets			0	0
Total derivative liabilities			0	0
Fair Value, Measurements, Recurring | Foreign exchange derivative contracts | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets			6,303	21,092
Total derivative liabilities			7,144	379
Fair Value, Measurements, Recurring | Foreign exchange derivative contracts | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets			0	0
Total derivative liabilities			0	0
Contingent consideration [Member] | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Champion Europe contingent consideration			$ 43,815	$ 42,378
Champion Europe
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Earnings before Interest, Taxes, Depreciation, and Amortization Multiple	10
Contingent Consideration EBITDA Floor | €		€ 18,600

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Income Tax Disclosure [Abstract]
Effective Income Tax Rate, Percent	6.00%	11.00%

Business Segment Information (D

Business Segment Information (Detail) $ in Thousands	3 Months Ended
	Apr. 01, 2017USD ($)	Apr. 02, 2016USD ($)	Dec. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Number of operating segments	3
Net sales:
Net sales	$ 1,380,355	$ 1,219,140
Segment operating profit:
Total operating profit	121,268	122,405
General corporate expenses	20,229	21,435
Acquisition-related and integration charges	38,367	24,669
Amortization of intangibles	7,185	3,729
Other expenses	(1,384)	(649)
Interest expense, net	42,137	31,566
Income before income tax expense	77,747	90,190
Innerwear
Net sales:
Net sales	505,190	537,021
Segment operating profit:
Total operating profit	102,701	109,735
Activewear
Net sales:
Net sales	327,343	316,543
Segment operating profit:
Total operating profit	33,408	32,105
International
Net sales:
Net sales	477,398	279,087
Segment operating profit:
Total operating profit	50,495	24,719
Total segment operating profit
Segment operating profit:
Total operating profit	187,049	172,238
Total
Segment operating profit:
Acquisition-related and integration charges	38,367	24,669
Cost of Sales
Segment operating profit:
Acquisition-related and integration charges	15,475	4,869
Selling, General and Administrative Expenses
Segment operating profit:
Acquisition-related and integration charges	22,892	19,800
Other Expense
Segment operating profit:
Acquisition-related and integration charges	0
Corporate, Non-Segment
Net sales:
Net sales	70,424	86,489
Segment operating profit:
Total operating profit	445	$ 5,679
Hanes Europe Innerwear
Segment operating profit:
Other Employee Related Liabilities	30,268		$ 32,542
Employee termination and other benefits paid	2,274
Hanes Europe Innerwear | Accrued liabilities
Segment operating profit:
Other Employee Related Liabilities	15,612
Hanes Europe Innerwear | Other Noncurrent Liabilities
Segment operating profit:
Other Employee Related Liabilities	14,656
U.S. Corporate Workforce | Accrued liabilities
Segment operating profit:
Other Employee Related Liabilities	10,145
Nanjing Closure | Accrued liabilities
Segment operating profit:
Other Employee Related Liabilities	8,534
Nanjing Closure | Other Current Assets [Member]
Segment operating profit:
Assets held-for-sale	65,570
Nanjing Closure | Cost of Sales
Segment operating profit:
Facility exit costs	$ 2,831