Hanesbrands (HBI) 10-Q 5 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Apr. 02, 2022	Apr. 29, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001359841
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Period End Date	Apr. 2, 2022
Document Transition Report	false
Entity File Number	001-32891
Entity Registrant Name	Hanesbrands Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	20-3552316
Entity Address, Address Line One	1000 East Hanes Mill Road
Entity Address, City or Town	Winston-Salem,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27105
City Area Code	336
Local Phone Number	519-8080
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, Par Value $0.01
Trading Symbol	HBI
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		348,775,722

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Income Statement [Abstract]
Net sales	$ 1,576,156	$ 1,508,029
Cost of sales	991,978	905,348
Gross profit	584,178	602,681
Selling, general and administrative expenses	413,666	412,559
Operating profit	170,512	190,122
Other expenses	987	2,561
Interest expense, net	31,963	44,460
Income from continuing operations before income tax expense	137,562	143,101
Income tax expense	23,385	14,697
Income from continuing operations	114,177	128,404
Income (loss) from discontinued operations, net of tax	4,525	(391,666)
Net income (loss)	$ 118,702	$ (263,262)
Earnings (loss) per share, basic:
Continuing operations	$ 0.33	$ 0.37
Discontinued operations	0.01	(1.12)
Net income (loss)	0.34	(0.75)
Earnings (loss) per share, diluted:
Continuing operations	0.32	0.37
Discontinued operations	0.01	(1.11)
Net income (loss)	$ 0.34	$ (0.75)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Condensed Consolidated Statements Of Comprehensive Income (Unaudited) [Abstract]
Net income (loss)	$ 118,702	$ (263,262)
Other comprehensive income (loss):
Translation adjustments	27,297	(25,201)
Unrealized gain on qualifying cash flow hedges, net of tax of $969 and $(5,176), respectively	3,354	8,540
Unrecognized income from pension and postretirement plans, net of tax of $(1,317) and $(2,049), respectively	4,261	6,735
Total other comprehensive income (loss)	34,912	(9,926)
Comprehensive income (loss)	$ 153,614	$ (273,188)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Condensed Consolidated Statements Of Comprehensive Income (Unaudited) [Abstract]
Tax portion of unrealized gain on qualifying cash flow hedges	$ 969	$ (5,176)
Tax portion of unrecognized income from pension and postretirement plans	$ (1,317)	$ (2,049)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022	Apr. 03, 2021
Assets
Cash and cash equivalents	$ 369,210	$ 536,277	$ 530,403
Trade accounts receivable, net	898,420	894,151	807,738
Inventories	1,819,974	1,584,015	1,489,565
Other current assets	202,015	186,503	153,358
Current assets held for sale	7,959	327,157	303,045
Total current assets	3,297,578	3,528,103	3,284,109
Property, net	443,817	441,401	458,434
Right-of-use assets	350,174	363,854	416,136
Trademarks and other identifiable intangibles, net	1,235,276	1,220,170	1,269,932
Goodwill	1,138,667	1,133,095	1,150,138
Deferred tax assets	326,677	327,804	355,826
Other noncurrent assets	67,520	57,009	54,678
Total assets	6,859,709	7,071,436	6,989,253
Liabilities and Stockholders’ Equity
Accounts payable	1,204,196	1,214,847	976,887
Accrued liabilities	575,911	660,778	571,410
Lease liabilities	117,465	109,526	132,127
Accounts Receivable Securitization Facility	135,500	0	0
Current portion of long-term debt	25,000	25,000	34,375
Current liabilities held for sale	7,959	316,902	288,936
Total current liabilities	2,066,031	2,327,053	2,003,735
Long-term debt	3,325,042	3,326,091	3,649,631
Lease liabilities - noncurrent	258,663	281,852	315,382
Pension and postretirement benefits	242,690	248,518	333,460
Other noncurrent liabilities	187,867	185,429	202,564
Total liabilities	6,080,293	6,368,943	6,504,772
Stockholders’ equity:
Preferred stock (50,000,000 authorized shares; $.01 par value) Issued and outstanding - None	0	0	0
Common stock (2,000,000,000 authorized shares; $.01 par value) Issued and outstanding - 348,775,722, 349,903,253 and 349,090,472, respectively	3,488	3,499	3,491
Additional paid-in capital	315,675	315,337	304,090
Retained earnings	976,944	935,260	753,785
Accumulated other comprehensive loss	(516,691)	(551,603)	(576,885)
Total stockholders’ equity	779,416	702,493	484,481
Total liabilities and stockholders’ equity	$ 6,859,709	$ 7,071,436	$ 6,989,253

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Apr. 02, 2022	Jan. 01, 2022	Apr. 03, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000	50,000,000
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	2,000,000,000	2,000,000,000	2,000,000,000
Common stock, shares issued	348,775,722	349,903,253	349,090,472
Common stock, shares outstanding	348,775,722	349,903,253	349,090,472

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning Balance at Jan. 02, 2021	$ 813,958	$ 3,488	$ 307,883	$ 1,069,546	$ (566,959)
Beginning Balance, Shares at Jan. 02, 2021		348,802,000
Net income (loss)	(263,262)			(263,262)
Dividends	$ (52,499)			(52,499)
Dividends, per common share	$ 0.15
Other comprehensive income (loss)	$ (9,926)				(9,926)
Stock-based compensation	(1,534)		(1,534)
Net exercise of stock options, vesting of restricted stock units and other, shares		288,000
Net exercise of stock options, vesting of restricted stock units and other	(2,256)	$ 3	(2,259)
Ending Balance at Apr. 03, 2021	$ 484,481	$ 3,491	304,090	753,785	(576,885)
Ending Balance, Shares at Apr. 03, 2021	349,090,472	349,090,000
Dividends, Per Share, Declared	$ 0.15
Beginning Balance at Jan. 01, 2022	$ 702,493	$ 3,499	315,337	935,260	(551,603)
Beginning Balance, Shares at Jan. 01, 2022	349,903,253	349,903,000
Net income (loss)	$ 118,702			118,702
Dividends	$ (53,443)			(53,443)
Dividends, per common share	$ 0.15
Other comprehensive income (loss)	$ 34,912				34,912
Stock-based compensation	5,329		5,329
Net exercise of stock options, vesting of restricted stock units and other, shares		450,000
Net exercise of stock options, vesting of restricted stock units and other	(3,559)	$ 5	(3,564)
Share repurchases, shares		(1,577,000)
Share repurchases	(25,018)	$ (16)	(1,427)	(23,575)
Ending Balance at Apr. 02, 2022	$ 779,416	$ 3,488	$ 315,675	$ 976,944	$ (516,691)
Ending Balance, Shares at Apr. 02, 2022	348,775,722	348,776,000
Dividends, Per Share, Declared	$ 0.15

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Jan. 01, 2022
Operating activities:
Net income (loss)	$ 118,702	$ (263,262)
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	18,931	24,142
Amortization of acquisition intangibles	4,847	6,179
Other amortization	2,508	3,020
Impairment of intangible assets and goodwill	0	163,047
(Gain) loss on sale of business and classification of assets held for sale	(6,715)	226,352
Amortization of debt issuance costs	1,887	4,580
Other	6,940	(5,835)
Changes in assets and liabilities:
Accounts receivable	(6,090)	(63,955)
Inventories	(247,567)	(122,781)
Other assets	(489)	9,606
Accounts payable	(310)	109,197
Accrued pension and postretirement benefits	24	(38,757)
Accrued liabilities and other	(123,857)	(34,587)
Net cash from operating activities	(231,189)	16,946
Investing activities:
Capital expenditures	(19,337)	(17,804)
Proceeds from sales of assets	19	2,406
Other	(10,272)	1,794
Net cash from investing activities	(29,590)	(13,604)
Financing activities:
Repayments on Term Loan Facilities	(6,250)	(300,000)
Borrowings on Accounts Receivable Securitization Facility	290,000	0
Repayments on Accounts Receivable Securitization Facility	(154,500)	0
Borrowings on Revolving Loan Facilities	129,000	0
Repayments on Revolving Loan Facilities	(109,000)	0
Borrowings on notes payable	21,454	21,106
Repayments on notes payable	(21,713)	(20,276)
Share repurchases	(25,018)	0
Cash dividends paid	(52,297)	(52,351)
Other	(4,109)	(2,902)
Net cash from financing activities	67,567	(354,423)
Effect of changes in foreign exchange rates on cash	1,793	(17,662)
Change in cash, cash equivalents and restricted cash	(191,419)	(368,743)
Cash, cash equivalents and restricted cash at beginning of year	560,629	910,603	$ 910,603
Cash, cash equivalents and restricted cash at end of period	369,210	541,860	560,629
Less restricted cash at end of period	0	1,153
Cash and cash equivalents at end of period	369,210	540,707
Balances included in the Condensed Consolidated Balance Sheets:
Cash and cash equivalents	369,210	530,403	536,277
Cash and cash equivalents at end of period	369,210	540,707
Supplemental Cash Flow Information:
Capital expenditures included in accounts payable at end of period	27,960		24,164
Right-of-use assets obtained in exchange for lease obligations	16,035	4,755
Discontinued Operations, Held-for-sale | European Innerwear Business
Adjustments to reconcile net income to net cash from operating activities:
(Gain) loss on sale of business and classification of assets held for sale	(187)	226,352
Cash and cash equivalents included in current assets held for sale	$ 0	$ 10,304	$ 24,352

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 02, 2022
Basis of Presentation [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. 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 interim 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. These condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended January 1, 2022. 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. The results of operations for any interim period are not necessarily indicative of the results of operations to be expected for the full year. In the first quarter of 2021, the Company announced that it reached the decision to exit its European Innerwear business as part of its strategy to streamline its portfolio under its Full Potential plan and determined that this business met held-for-sale and discontinued operations accounting criteria. Accordingly, the Company began to separately report the results of its European Innerwear business as discontinued operations in its Condensed Consolidated Statements of Income, and to present the related assets and liabilities as held for sale in the Condensed Consolidated Balance Sheets. On November 4, 2021, the Company announced that it reached an agreement to sell its European Innerwear business to an affiliate of Regent, L.P. and completed the sale on March 5, 2022. Unless otherwise noted, discussion within these notes to the condensed consolidated interim financial statements relates to continuing operations. See Note “Assets and Liabilities Held for Sale” for additional information. In addition, in the fourth quarter of 2021, the Company reached the decision to divest its U.S. Sheer Hosiery business, including the L’eggs brand, as part of its strategy to streamline its portfolio under its Full Potential plan and determined that this business met held-for-sale accounting criteria. The related assets and liabilities are presented as held for sale in the Condensed Consolidated Balance Sheets at April 2, 2022 and January 1, 2022. The operations of the U.S. Sheer Hosiery business are reported in “Other” for all periods presented in Note “Business Segment Information”. The Company is currently exploring potential purchasers for this business and expects to complete the sale of this business during 2022. See Note “Assets and Liabilities Held for Sale” for additional information.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Apr. 02, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Reference Rate Reform In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” In January 2021, the FASB clarified the scope of that guidance with the issuance of ASU 2021-01, “Reference Rate Reform: Scope.” The new accounting rules provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform. The new accounting rules can be adopted any time before the fourth quarter of 2022. 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, cash flows and disclosures and does not currently intend to early adopt the new rules. Business Combinations In October 2021, the FASB issued ASU 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” The new accounting rules require entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The new accounting rules will be effective for the Company in the first quarter of 2023, including interim periods. Early adoption is permitted. The adoption impact of the new accounting rules will depend on the magnitude of future acquisitions. Derivatives and Hedging In March 2022, the FASB issued ASU 2022-01, “Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method.” The new accounting rules allow entities to expand the use of the portfolio layer method to all financial assets and designate multiple hedged layers within a single closed portfolio. The new accounting rules also clarify guidance related to hedge basis adjustments and the related disclosures for these adjustments. The new accounting rules will be effective for the Company in the first quarter of 2023, including interim periods. Early adoption is permitted. 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, cash flows and disclosures.

Assets and Liabilities Held for

Assets and Liabilities Held for Sale	3 Months Ended
	Apr. 02, 2022
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure	Assets and Liabilities Held for Sale Assets and liabilities classified as held for sale in the Condensed Consolidated Balance Sheets as of April 2, 2022, January 1, 2022 and April 3, 2021 consist of the following: April 2, January 1, April 3, U.S. Sheer Hosiery business - continuing operations $ 7,959 $ 5,426 $ — European Innerwear business - discontinued operations — 321,731 303,045 Total current assets held for sale $ 7,959 $ 327,157 $ 303,045 U.S. Sheer Hosiery business - continuing operations $ 7,959 $ 5,426 $ — European Innerwear business - discontinued operations — 311,476 288,936 Total current liabilities held for sale $ 7,959 $ 316,902 $ 288,936 U.S. Sheer Hosiery Business - Continuing Operations In the fourth quarter of 2021, the Company reached the decision to divest its U.S. Sheer Hosiery business, including the L’eggs brand, as part of its strategy to streamline its portfolio under its Full Potential plan and determined that this business met held-for-sale accounting criteria. The related assets and liabilities are presented as held for sale in the Condensed Consolidated Balance Sheets at April 2, 2022 and January 1, 2022. The Company recorded a non-cash charge of $38,364 in the fourth quarter of 2021, to record a valuation allowance against the net assets held for sale to write down the carrying value of the disposal group to the estimated fair value less costs of disposal. In the quarter ended April 2, 2022, the Company recorded a non-cash gain of $6,528 to adjust the valuation allowance resulting from a decrease in carrying value due to changes in working capital. The operations of the U.S. Sheer Hosiery business are reported in “Other” for all periods presented in Note “Business Segment Information”. The Company is currently exploring potential purchasers for this business and expects to complete the sale of this business during 2022. European Innerwear Business - Discontinued Operations In the first quarter of 2021, the Company announced that it reached the decision to exit its European Innerwear business as part of its strategy to streamline its portfolio under its Full Potential plan and determined that this business met held-for-sale and discontinued operations accounting criteria. Accordingly, the Company began to separately report the results of its European Innerwear business as discontinued operations in its Condensed Consolidated Statements of Income, and to present the related assets and liabilities as held for sale in the Condensed Consolidated Balance Sheets. On November 4, 2021, the Company announced that it had reached an agreement to sell its European Innerwear business to an affiliate of Regent, L.P. and completed the sale on March 5, 2022. Under the agreement, the purchaser received all the assets and operating liabilities of the European Innerwear business. The operations of the European Innerwear business were previously reported primarily in the International segment. Upon meeting the criteria for held-for-sale classification in the first quarter of 2021which qualified as a triggering event, the Company performed a full impairment analysis of the disposal group's indefinite-lived intangible assets and goodwill. As a result of the strategic decision to exit the European Innerwear business, forecasts were revised to include updated market conditions and the removal of strategic operating decisions that would no longer occur under the Company's ownership. The revised forecasts indicated impairment of certain indefinite-lived trademarks and license agreements as well as the full goodwill balance attributable to the European Innerwear business. As a result of this impairment analysis, a non-cash charge of $155,745 was recorded as "Impairment of intangible assets and goodwill" in the summarized discontinued operations financial information for the quarter ended April 3, 2021. In addition, the Company recorded a valuation allowance against the net assets held for sale to write down the carrying value of the disposal group to the estimated fair value less costs of disposal, resulting in a non-cash charge of $226,352 for the quarter ended April 3, 2021, as "(Gain) loss on sale of business and classification of assets held for sale" in the summarized discontinued operations financial information. In the quarter ended April 2, 2022, the Company recorded the final gain on the sale of the European Innerwear business of $187 primarily resulting from changes in working capital balances and foreign exchange rates. Additionally, the Company recorded an impairment charge of $7,302 in continuing operations on an indefinite-lived trademark for the quarter ended April 3, 2021 which is reflected in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statements of Income. This charge related to the full impairment of an indefinite-lived trademark related to a specific brand within the European Innerwear business that was excluded from the disposal group as it was not marketed for sale and that the Company intends to exit. The Company has continued certain sales from its supply chain to the European Innerwear business on a transitional basis after the sale of the business. Under the terms of the Manufacturing and Supply Agreement, the Company will provide these services for periods up to 34 months from the closing date of the transaction. Additionally, the Company entered into a Transitional Services Agreement pursuant to which the Company will provide transitional services including information technology, human resources, facilities management, and limited finance and accounting services for periods up to 12 months from the closing date of the transaction. The sales and the related profit are included in continuing operations in the Condensed Consolidated Statements of Income and in “Other” in Note “Business Segment Information” in all periods presented and have not been eliminated as intercompany transactions in consolidation. The related receivables from the European Innerwear business are included in “Trade accounts receivable, net” in the Condensed Consolidated Balance Sheets for all periods presented. The operating results of the discontinued operations only reflect revenues and expenses that are directly attributable to the European Innerwear business that are eliminated from continuing operations. Discontinued operations does not include any allocation of corporate overhead expense or interest expense. The key components from discontinued operations related to the European Innerwear business are as follows: Quarters Ended April 2, April 3, Net sales $ 101,314 $ 135,845 Cost of sales 60,415 75,523 Gross profit 40,899 60,322 Selling, general and administrative expenses 54,689 83,392 Impairment of intangible assets and goodwill — 155,745 (Gain) loss on sale of business and classification of assets held for sale (187) 226,352 Operating loss (13,603) (405,167) Other expenses 283 334 Interest expense, net 10 90 Loss from discontinued operations before income tax expense (13,896) (405,591) Income tax benefit (18,421) (13,925) Net income (loss) from discontinued operations, net of tax $ 4,525 $ (391,666) Assets and liabilities of discontinued operations classified as held for sale in the Condensed Consolidated Balance Sheets as of April 2, 2022, January 1, 2022 and April 3, 2021 consist of the following: April 2, January 1, April 3, Cash and cash equivalents $ — $ 24,352 $ 10,304 Trade accounts receivable, net — 87,353 80,458 Inventories — 141,653 106,192 Other current assets — 21,926 11,190 Property, net — 62,659 61,763 Right-of-use assets — 32,603 34,779 Trademarks and other identifiable intangibles, net — 205,204 208,601 Deferred tax assets — 4,174 8,505 Other noncurrent assets — 4,127 4,860 Allowance to adjust assets to estimated fair value, less costs of disposal — (262,320) (223,607) Total assets of discontinued operations $ — $ 321,731 $ 303,045 Accounts payable $ — $ 84,327 $ 62,199 Accrued liabilities — 122,620 120,475 Lease liabilities — 6,562 9,159 Notes payable — 329 1,574 Lease liabilities - noncurrent — 27,426 27,038 Pension and postretirement benefits — 38,325 44,428 Other noncurrent liabilities — 31,887 24,063 Total liabilities of discontinued operations $ — $ 311,476 $ 288,936 The cash flows related to discontinued operations have not been segregated and are included in the Condensed Consolidated Statements of Cash Flows. The following table presents cash flow and non-cash information related to discontinued operations: Quarters Ended April 2, April 3, Depreciation $ — $ 2,608 Amortization $ — $ 1,460 Capital expenditures $ 715 $ 3,335 Impairment of intangible assets and goodwill $ — $ 155,745 (Gain) loss on sale of business and classification of assets held for sale $ (187) $ 226,352 Capital expenditures included in accounts payable at end of period $ — $ 52 Right-of-use assets obtained in exchange for lease obligations $ 461 $ 1,495

Revenue Recognition

Revenue Recognition	3 Months Ended
	Apr. 02, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The following table presents the Company’s revenues disaggregated by the customer’s method of purchase: Quarters Ended April 2, April 3, Third-party brick-and-mortar wholesale $ 1,126,266 $ 1,024,739 Consumer-directed 449,890 483,290 Total net sales $ 1,576,156 $ 1,508,029 Revenue Sources Third-Party Brick-and-Mortar Wholesale Revenue Third-party brick-and-mortar wholesale revenue is primarily generated by sales of the Company’s products to retailers to support their brick-and-mortar operations. Third-party brick-and-mortar wholesale revenue also includes royalty revenue from licensing agreements. The Company earns royalties through license agreements with manufacturers of other consumer products that incorporate certain of the Company’s brands. The Company accrues revenue earned under these contracts based upon reported sales from the licensees. Consumer-Directed Revenue

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Apr. 02, 2022
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Basic earnings per share (“EPS”) was computed by dividing net income (loss) by the number of weighted average shares of common stock outstanding during the period. Diluted EPS was calculated to give effect to all potentially issuable dilutive shares of common stock using the treasury stock method. The reconciliation of basic to diluted weighted average shares outstanding is as follows: Quarters Ended April 2, April 3, Basic weighted average shares outstanding 350,251 351,003 Effect of potentially dilutive securities: Stock options 7 9 Restricted stock units 1,190 671 Employee stock purchase plan and other 5 3 Diluted weighted average shares outstanding 351,453 351,686 The following securities were excluded from the diluted earnings per share calculation because their effect would be anti-dilutive: Quarters Ended April 2, April 3, Stock options 167 167 Restricted stock units 647 592 On April 26, 2022, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.15 per share of the Company’s outstanding common stock to be paid on May 31, 2022 to stockholders of record at the close of business on May 10, 2022.

Inventories

Inventories	3 Months Ended
	Apr. 02, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following: April 2, January 1, April 3, Raw materials $ 84,734 $ 68,683 $ 74,123 Work in process 121,095 110,246 99,619 Finished goods 1,614,145 1,405,086 1,315,823 $ 1,819,974 $ 1,584,015 $ 1,489,565

Debt

Debt	3 Months Ended
	Apr. 02, 2022
Debt Disclosure [Abstract]
Debt	(7) Debt Debt consisted of the following: Interest Rate as of April 2, Principal Amount Maturity Date April 2, January 1, Senior Secured Credit Facility: Revolving Loan Facility 1.69% $ 20,000 $ — November 2026 Term Loan A 1.75% 993,750 1,000,000 November 2026 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% 552,425 568,634 June 2024 Accounts Receivable Securitization Facility 1.25% 135,500 — June 2022 3,501,675 3,368,634 Less long-term debt issuance costs 16,133 17,543 Less current maturities 160,500 25,000 $ 3,325,042 $ 3,326,091 As of April 2, 2022, the Company had $975,824 of borrowing availability under the $1,000,000 Revolving Loan Facility after taking into account $20,000 of USD revolver loans and $4,176 of standby and trade letters of credit issued and outstanding under this facility. Borrowings under the Company’s accounts receivable securitization facility (the “ARS Facility”) are permitted only to the extent that the face of the receivables in the collateral pool, net of applicable concentrations, reserves and other deductions, exceeds the outstanding loans and also subject to a quarterly fluctuating facility limit, which is not to exceed $175,000. The Company’s maximum borrowing capacity as per the fluctuating limit under the ARS Facility was $150,000 as of April 2, 2022. The Company had $14,500 of borrowing availability under the ARS Facility at April 2, 2022. The Company had $56,056 of borrowing availability under other international credit facilities after taking into account outstanding borrowings and letters of credit outstanding under the applicable facilities at April 2, 2022.

Income Taxes

Income Taxes	3 Months Ended
	Apr. 02, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective income tax rate was 17.0% and 10.3% for the quarters ended April 2, 2022 and April 3, 2021, respectively. The higher effective tax rate for the quarter April 2, 2022 was primarily due to a non-recurring discrete tax benefit for the release of reserves for unrecognized tax benefits totaling $7,034, partially offset by a discrete charge for changes in valuation allowances of $3,672 during the quarter ended April 3, 2021.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Apr. 02, 2022
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 (1) Cash Flow Hedges Defined Benefit Plans Income Taxes Accumulated Other Comprehensive Loss Balance at January 1, 2022 $ (134,001) $ 5,244 $ (569,161) $ 146,315 $ (551,603) Amounts reclassified from accumulated other comprehensive loss (13,473) 9,789 5,618 (2,778) (844) Current-period other comprehensive income (loss) activity 40,770 (7,404) (40) 2,430 35,756 Total other comprehensive income (loss) 27,297 2,385 5,578 (348) 34,912 Balance at April 2, 2022 $ (106,704) $ 7,629 $ (563,583) $ 145,967 $ (516,691) Cumulative Translation Adjustment (1) Cash Flow Hedges Defined Benefit Plans Income Taxes Accumulated Other Comprehensive Loss Balance at January 2, 2021 $ (52,820) $ (26,538) $ (668,730) $ 181,129 $ (566,959) Amounts reclassified from accumulated other comprehensive loss — 5,242 7,085 (3,004) 9,323 Current-period other comprehensive income (loss) activity (25,201) 8,474 1,699 (4,221) (19,249) Total other comprehensive income (loss) (25,201) 13,716 8,784 (7,225) (9,926) Balance at April 3, 2021 $ (78,021) $ (12,822) $ (659,946) $ 173,904 $ (576,885) (1) Cumulative Translation Adjustment includes translation adjustments and net investment hedges. See Note “Financial Instruments and Risk Management” for additional disclosures about net investment hedges. The Company had the following reclassifications out of AOCI: Component of AOCI Location of Reclassification into Income Amount of Reclassification from AOCI Quarters Ended April 2, April 3, Write-off of cumulative translation associated with sale of business Income (loss) from discontinued operations, net of tax $ 13,473 $ — Gain (loss) on forward foreign exchange contracts designated as cash flow hedges Cost of sales $ 1,612 $ (4,377) Income tax (508) 1,208 Income (loss) from discontinued operations, net of tax (232) (244) Net of tax 872 (3,413) Gain (loss) on cross-currency swap contracts designated as cash flow hedges Selling, general and administrative expenses (9,733) (557) Interest expense, net (1,361) — Income tax 1,886 89 Net of tax (9,208) (468) Amortization of deferred actuarial loss and prior service cost Other expenses (5,203) (7,707) Income tax 1,370 1,746 Income (loss) from discontinued operations, net of tax — 519 Pension activity associated with sale of business Income (loss) from discontinued operations, net of tax (460) — Net of tax (4,293) (5,442) Total reclassifications $ 844 $ (9,323)

Financial Instruments and Risk

Financial Instruments and Risk Management	3 Months Ended
	Apr. 02, 2022
Disclosure Financial Instruments and Risk Management [Abstract]
Financial Instruments and Risk Management	Financial Instruments and Risk Management The Company uses forward foreign exchange contracts and cross-currency swap contracts to manage its exposures to movements in foreign exchange rates primarily related to the Australian dollar, Euro, Mexican peso and Canadian dollar. The Company also uses a combination of cross-currency swap contracts and long-term debt to manage its exposure to foreign currency risk associated with the Company’s net investment in its European subsidiaries. Hedge Type April 2, January 2, U.S. dollar equivalent notional amount of derivative instruments: Forward foreign exchange contracts Cash Flow and $ 326,800 $ 308,071 Cross-currency swap contracts Cash Flow $ 352,920 $ 352,920 Cross-currency swap contracts Net Investment $ 335,940 $ 335,940 Fair Values of Derivative Instruments The fair values of derivative instruments related to forward foreign exchange contracts and cross-currency swap contracts recognized in the Condensed Consolidated Balance Sheets of the Company were as follows: Balance Sheet Location Fair Value April 2, January 1, Derivatives designated as hedging instruments: Forward foreign exchange contracts Other current assets $ 1,037 $ 2,898 Cross-currency swap contracts Other current assets 2,986 974 Forward foreign exchange contracts Other noncurrent assets 92 83 Cross-currency swap contracts Other noncurrent assets 4,585 1,979 Derivatives not designated as hedging instruments: Forward foreign exchange contracts Other current assets 4,942 5,439 Total derivative assets 13,642 11,373 Derivatives designated as hedging instruments: Forward foreign exchange contracts Accrued liabilities (3,381) (349) Cross-currency swap contracts Accrued liabilities (1,583) (222) Forward foreign exchange contracts Other noncurrent liabilities (329) (14) Cross-currency swap contracts Other noncurrent liabilities (14,244) (11,387) Derivatives not designated as hedging instruments: Forward foreign exchange contracts Accrued liabilities (1,862) (331) Total derivative liabilities (21,399) (12,303) Net derivative liability $ (7,757) $ (930) Cash Flow Hedges The Company uses forward foreign exchange contracts and cross-currency swap contracts to reduce the effect of fluctuating foreign currencies on 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. On April 1, 2021, in connection with a reduction in the amount of the 3.5% Senior Notes designated in the European net investment hedge discussed below, the Company entered into three pay-fixed rate, receive-fixed rate cross-currency swap contracts with a total notional amount of €300,000. The Company designated these cross-currency swap contracts to hedge the undesignated portion of the foreign currency cash flow exposure related to the Company’s 3.5% Senior Notes, which had a carrying amount of €500,000 as of April 2, 2022. These cross-currency swap contracts, which mature on June 15, 2024, swap Euro-denominated interest payments for U.S. dollar-denominated interest payments, thereby economically converting €300,000 of the Company’s €500,000 fixed-rate 3.5% Senior Notes to a fixed-rate 4.7945% USD-denominated obligation. The Company expects to reclassify into earnings during the next 12 months a net loss from AOCI of approximately $4,975. The Company is hedging exposure to the variability in future foreign currency-denominated cash flows for forecasted transactions over the next 17 months and for long-term debt over the next 27 months. The effect of derivative instruments designated as cash flow hedges on the Condensed Consolidated Statements of Income and AOCI is as follows: Amount of Gain (Loss) Recognized in AOCI on Derivative Instruments Quarters Ended April 2, April 3, Forward foreign exchange contracts $ (3,186) $ 8,486 Cross-currency swap contracts (4,218) (12) Total $ (7,404) $ 8,474 Location of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI into Income Quarters Ended April 2, April 3, Forward foreign exchange contracts (1) Cost of sales $ 1,612 $ (4,377) Forward foreign exchange contracts (1) Income (loss) from discontinued operations, net of tax (307) (308) Cross-currency swap contracts (1) Selling, general and administrative expenses (9,733) (557) Cross-currency swap contracts (1) Interest expense, net (1,361) — Total $ (9,789) $ (5,242) (1) The Company does not exclude amounts from effectiveness testing for cash flow hedges that would require recognition into earnings based on changes in fair value. The following table presents the amounts in the Condensed Consolidated Statements of Income in which the effects of cash flow hedges are recorded: Quarters Ended April 2, April 3, Cost of sales $ 991,978 $ 905,348 Selling, general and administrative expenses $ 413,666 $ 412,559 Interest expense, net $ 31,963 $ 44,460 Income (loss) from discontinued operations, net of tax $ 4,525 $ (391,666) Net Investment Hedges In July 2019, the Company entered into two pay-fixed rate, receive-fixed rate cross-currency swap contracts with a total notional amount of €300,000 that were designated as hedges of a portion of the beginning balance of the Company’s net investment in its European subsidiaries. These cross-currency swap contracts, which mature on May 15, 2024, swap U.S. dollar-denominated interest payments for Euro-denominated interest payments, thereby economically converting a portion of the Company’s fixed-rate 4.625% Senior Notes to a fixed-rate 2.3215% Euro-denominated obligation. In July 2019, the Company also designated the full amount of its 3.5% Senior Notes with a carrying value of €500,000, which is a nonderivative financial instrument, as a hedge of a portion of the beginning balance of the Company’s European net investment. As of April 1, 2021, the Company reduced the amount of its 3.5% Senior Notes designated in the European net investment hedge from €500,000 to €200,000. As of April 2, 2022 and January 1, 2022, the U.S. dollar equivalent carrying value of Euro-denominated long-term debt designated as a partial European net investment hedge was $220,970 and $227,454, respectively. The amount of after-tax gains (losses) included in AOCI in the Condensed Consolidated Balance Sheets related to derivative instruments and nonderivative financial instruments designated as net investment hedges are as follows: Amount of Gain (Loss) Recognized in AOCI Quarters Ended April 2, April 3, Euro-denominated long-term debt $ 4,721 $ 19,300 Cross-currency swap contracts 1,932 7,373 Total $ 6,653 $ 26,673 The effect of derivative and non-derivative instruments designated as net investment hedges on the Condensed Consolidated Statements of Income are as follows: Location of Gain (Loss) Reclassified from AOCI into Income Amount of Gain (Loss) Reclassified from AOCI into Income Quarters Ended April 2, April 3, Euro-denominated long-term debt Income (loss) from discontinued operations, net of tax $ (13,348) $ — Cross-currency swap contracts Income (loss) from discontinued operations, net of tax (2,505) — Cross-currency swap contracts (amounts excluded from effectiveness testing) Interest expense, net 2,012 1,899 Total $ (13,841) $ 1,899 The following table presents the amounts in the Condensed Consolidated Statements of Income in which the effects of net investment hedges are recorded: Quarters Ended April 2, April 3, Income (loss) from discontinued operations, net of tax 4,525 (391,666) Interest expense, net (amounts excluded from effectiveness testing) 31,963 44,460 Mark to Market Hedges Derivatives used in mark to market hedges are not designated as hedges under the accounting standards. The Company uses forward foreign exchange derivative contracts as hedges against the impact of foreign exchange fluctuations on existing accounts receivable and payable balances and intercompany lending transactions denominated in foreign currencies. Forward foreign exchange derivative contracts are recorded as mark to market hedges when the hedged item is a recorded asset or liability that is revalued in each accounting period. 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 instruments not designated as hedges on the Condensed Consolidated Statements of Income is as follows: Location of Gain (Loss) Amount of Gain (Loss) Recognized in Income Quarters Ended April 2, April 3, Forward foreign exchange contracts Cost of sales $ (4,202) $ 12,995 Forward foreign exchange contracts Selling, general and administrative expenses 292 2,211 Forward foreign exchange contracts Income (loss) from discontinued operations, net of tax — 2,639 Total $ (3,910) $ 17,845

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
	Apr. 02, 2022
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	Fair Value of Assets and Liabilities As of April 2, 2022 and January 1, 2022, 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 forward foreign exchange derivative contracts, cross-currency swap derivative contracts and deferred compensation plan liabilities. The fair values of forward foreign exchange derivative contracts are determined using the cash flows of the forward contracts, discount rates to account for the passage of time and current foreign exchange market data which are all based on inputs readily available in public markets and are categorized as Level 2. The fair values of cross-currency swap derivative contracts are determined using the cash flows of the swap contracts, discount rates to account for the passage of time, current foreign exchange and interest rate market data and credit risk, which are all based on inputs readily available in public markets and are categorized as Level 2. The fair value of deferred compensation plan liabilities is based on readily available current market data and is categorized as Level 2. The Company’s defined benefit pension plan investments are not required to be measured at fair value on a quarterly recurring basis. There were no changes during the quarter ended April 2, 2022 to the Company’s valuation techniques used to measure asset and liability fair values on a recurring basis. As of and during the quarter ended April 2, 2022, the Company did not have any non-financial assets or liabilities that were required to be measured at fair value on a recurring basis 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 April 2, 2022 Total Quoted Prices In Significant Significant Forward foreign exchange contracts - assets $ 6,071 $ — $ 6,071 $ — Cross-currency swap contracts - assets 7,571 — 7,571 — Forward foreign exchange contracts - liabilities (5,572) — (5,572) — Cross-currency swap contracts - liabilities (15,827) — (15,827) — Total derivative contracts (7,757) — (7,757) — Deferred compensation plan liability (18,030) — (18,030) — Total $ (25,787) $ — $ (25,787) $ — Assets (Liabilities) at Fair Value as of January 1, 2022 Total Quoted Prices In Significant Significant Forward foreign exchange contracts - assets $ 8,420 $ — $ 8,420 $ — Cross-currency swap contracts - assets 2,953 — 2,953 — Forward foreign exchange contracts - liabilities (694) — (694) — Cross-currency swap contracts - liabilities (11,609) — (11,609) — Total derivative contracts (930) — (930) — Deferred compensation plan liability (20,916) — (20,916) — Total $ (21,846) $ — $ (21,846) $ — Fair Value of Financial Instruments The carrying amounts of cash and cash equivalents, trade accounts receivable and accounts payable approximated fair value as of April 2, 2022 and January 1, 2022. The carrying amount of trade accounts receivable included allowance for doubtful accounts, chargebacks and other deductions of $66,142 and $61,948 as of April 2, 2022 and January 1, 2022, respectively. The fair value of debt, which is classified as a Level 2 liability, was $3,487,963 and $3,504,412 as of April 2, 2022 and January 1, 2022, respectively. Debt had a carrying value of $3,501,675 and $3,368,634 as of April 2, 2022 and January 1, 2022, 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.

Business Segment Information

Business Segment Information	3 Months Ended
	Apr. 02, 2022
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information 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 team that is responsible for the operations of the segment’s businesses, but the segments share a common supply chain and media and marketing platforms. Other consists of the Company’s U.S.-based outlet stores, U.S. Sheer Hosiery business and certain sales from its supply chain and transitional services with the European Innerwear business which was sold on March 5, 2022. In the fourth quarter of 2021, the Company reached the decision to divest its U.S. Sheer Hosiery business, including the L’eggs brand, as part of its strategy to streamline its portfolio under its Full Potential plan. See Note “Assets and Liabilities Held for Sale” for additional information. The types of products and services from which each reportable segment derives its revenues are as follows: • Innerwear includes sales in the United States of basic branded apparel products that are replenishment in nature under the product categories of men’s underwear, women’s panties, children’s underwear and socks, and intimate apparel, which includes bras and shapewear. • Activewear includes sales in the United States of branded products that are primarily seasonal in nature to both retailers and wholesalers, as well as licensed sports apparel and licensed logo apparel. • International primarily includes sales of the Company’s innerwear and activewear products outside the United States, primarily in Australasia, Europe, Asia, Latin America and Canada. The Company evaluates the operating performance of its segments based upon segment operating profit, which is defined as operating profit before general corporate expenses, restructuring and other action-related charges and amortization of intangibles. The accounting policies of the segments are consistent with those described in Note “Summary of Significant Accounting Policies” to the Company’s consolidated financial statements included in its Annual Report on Form 10-K for the year ended January 1, 2022. Quarters Ended April 2, April 3, Net sales: Innerwear $ 578,947 $ 570,435 Activewear 386,937 364,003 International 510,129 506,261 Other 100,143 67,330 Total net sales $ 1,576,156 $ 1,508,029 Quarters Ended April 2, April 3, Segment operating profit: Innerwear $ 102,146 $ 127,417 Activewear 48,984 60,594 International 89,438 87,180 Other (671) 1,886 Total segment operating profit 239,897 277,077 Items not included in segment operating profit: General corporate expenses (57,228) (59,823) Restructuring and other action-related charges (4,802) (19,393) Amortization of intangibles (7,355) (7,739) Total operating profit 170,512 190,122 Other expenses (987) (2,561) Interest expense, net (31,963) (44,460) Income from continuing operations before income tax expense $ 137,562 $ 143,101 The Company incurred restructuring and other action-related charges that were reported in the following lines in the Condensed Consolidated Statements of Income: Quarters Ended April 2, April 3, Cost of sales $ 499 $ 2,807 Selling, general and administrative expenses 4,303 16,586 Total included in operating profit 4,802 19,393 Income tax expense 816 11,302 Total restructuring and other action-related charges $ 3,986 $ 8,091 The components of restructuring and other action-related charges were as follows: Quarters Ended April 2, April 3, Full Potential Plan: Professional services $ 7,908 $ 11,706 Gain on classification of assets held for sale (6,528) — Operating model (1,919) — Supply chain segmentation 1,020 — Technology 4,459 — Impairment of intangible assets — 7,302 Other (138) 385 Total included in operating profit 4,802 19,393 Discrete tax benefits — 7,295 Tax effect on actions 816 4,007 Total benefit included in income tax expense 816 11,302 Total restructuring and other action-related charges $ 3,986 $ 8,091 Restructuring and other action-related charges within operating profit included $4,802 and $19,393 of charges related to the implementation of the Company’s Full Potential plan in the quarters ended April 2, 2022 and April 3, 2021, respectively. Full Potential plan charges in the quarter ended April 2, 2022 included a non-cash gain of $6,528, which is reflected in the “Selling, general and administrative expenses” line of the Condensed Consolidated Statements of Income, to adjust the valuation allowance related to the U.S. Sheer Hosiery business resulting from a decrease in carrying value due to changes in working capital. Full Potential plan charges in the quarter ended April 3, 2021 included impairment charges of $7,302, which are reflected in the “Selling, general and administrative expenses” line of the Condensed Consolidated Statements of Income, related to the full impairment of an indefinite-lived trademark related to a specific brand within the European Innerwear business that was excluded from the disposal group as it was not marketed for sale and that the Company intends to exit. In the third quarter of 2021, the Company recorded a charge for an action to resize its U.S. corporate office workforce through a voluntary retirement program which was included in restructuring and other action-related charges. At January 1, 2022, the accrual for employee termination and other benefits related to the Company’s 2021 voluntary retirement program was $15,688. The Company made benefit payments of $3,066 during the quarter ended April 2, 2022, resulting in an ending accrual of $12,622 which is included in the “Accrued liabilities” line of the Condensed Consolidated Balance Sheets at April 2, 2022.

Assets and Liabilities Held f_2

Assets and Liabilities Held for Sale (Tables)	3 Months Ended
	Apr. 02, 2022
Discontinued Operations and Disposal Groups [Abstract]
Assets and Liabilities Held for Sale	Assets and liabilities classified as held for sale in the Condensed Consolidated Balance Sheets as of April 2, 2022, January 1, 2022 and April 3, 2021 consist of the following: April 2, January 1, April 3, U.S. Sheer Hosiery business - continuing operations $ 7,959 $ 5,426 $ — European Innerwear business - discontinued operations — 321,731 303,045 Total current assets held for sale $ 7,959 $ 327,157 $ 303,045 U.S. Sheer Hosiery business - continuing operations $ 7,959 $ 5,426 $ — European Innerwear business - discontinued operations — 311,476 288,936 Total current liabilities held for sale $ 7,959 $ 316,902 $ 288,936
Discontinued Operations Tables	The operating results of the discontinued operations only reflect revenues and expenses that are directly attributable to the European Innerwear business that are eliminated from continuing operations. Discontinued operations does not include any allocation of corporate overhead expense or interest expense. The key components from discontinued operations related to the European Innerwear business are as follows: Quarters Ended April 2, April 3, Net sales $ 101,314 $ 135,845 Cost of sales 60,415 75,523 Gross profit 40,899 60,322 Selling, general and administrative expenses 54,689 83,392 Impairment of intangible assets and goodwill — 155,745 (Gain) loss on sale of business and classification of assets held for sale (187) 226,352 Operating loss (13,603) (405,167) Other expenses 283 334 Interest expense, net 10 90 Loss from discontinued operations before income tax expense (13,896) (405,591) Income tax benefit (18,421) (13,925) Net income (loss) from discontinued operations, net of tax $ 4,525 $ (391,666) Assets and liabilities of discontinued operations classified as held for sale in the Condensed Consolidated Balance Sheets as of April 2, 2022, January 1, 2022 and April 3, 2021 consist of the following: April 2, January 1, April 3, Cash and cash equivalents $ — $ 24,352 $ 10,304 Trade accounts receivable, net — 87,353 80,458 Inventories — 141,653 106,192 Other current assets — 21,926 11,190 Property, net — 62,659 61,763 Right-of-use assets — 32,603 34,779 Trademarks and other identifiable intangibles, net — 205,204 208,601 Deferred tax assets — 4,174 8,505 Other noncurrent assets — 4,127 4,860 Allowance to adjust assets to estimated fair value, less costs of disposal — (262,320) (223,607) Total assets of discontinued operations $ — $ 321,731 $ 303,045 Accounts payable $ — $ 84,327 $ 62,199 Accrued liabilities — 122,620 120,475 Lease liabilities — 6,562 9,159 Notes payable — 329 1,574 Lease liabilities - noncurrent — 27,426 27,038 Pension and postretirement benefits — 38,325 44,428 Other noncurrent liabilities — 31,887 24,063 Total liabilities of discontinued operations $ — $ 311,476 $ 288,936 The cash flows related to discontinued operations have not been segregated and are included in the Condensed Consolidated Statements of Cash Flows. The following table presents cash flow and non-cash information related to discontinued operations: Quarters Ended April 2, April 3, Depreciation $ — $ 2,608 Amortization $ — $ 1,460 Capital expenditures $ 715 $ 3,335 Impairment of intangible assets and goodwill $ — $ 155,745 (Gain) loss on sale of business and classification of assets held for sale $ (187) $ 226,352 Capital expenditures included in accounts payable at end of period $ — $ 52 Right-of-use assets obtained in exchange for lease obligations $ 461 $ 1,495

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Apr. 02, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents the Company’s revenues disaggregated by the customer’s method of purchase: Quarters Ended April 2, April 3, Third-party brick-and-mortar wholesale $ 1,126,266 $ 1,024,739 Consumer-directed 449,890 483,290 Total net sales $ 1,576,156 $ 1,508,029

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Apr. 02, 2022
Equity [Abstract]
Reconciliation of Basic to Diluted Weighted Average Shares	The reconciliation of basic to diluted weighted average shares outstanding is as follows: Quarters Ended April 2, April 3, Basic weighted average shares outstanding 350,251 351,003 Effect of potentially dilutive securities: Stock options 7 9 Restricted stock units 1,190 671 Employee stock purchase plan and other 5 3 Diluted weighted average shares outstanding 351,453 351,686
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following securities were excluded from the diluted earnings per share calculation because their effect would be anti-dilutive: Quarters Ended April 2, April 3, Stock options 167 167 Restricted stock units 647 592

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Apr. 02, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: April 2, January 1, April 3, Raw materials $ 84,734 $ 68,683 $ 74,123 Work in process 121,095 110,246 99,619 Finished goods 1,614,145 1,405,086 1,315,823 $ 1,819,974 $ 1,584,015 $ 1,489,565

Debt (Tables)

Debt (Tables)	3 Months Ended
	Apr. 02, 2022
Debt Disclosure [Abstract]
Debt	Debt consisted of the following: Interest Rate as of April 2, Principal Amount Maturity Date April 2, January 1, Senior Secured Credit Facility: Revolving Loan Facility 1.69% $ 20,000 $ — November 2026 Term Loan A 1.75% 993,750 1,000,000 November 2026 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% 552,425 568,634 June 2024 Accounts Receivable Securitization Facility 1.25% 135,500 — June 2022 3,501,675 3,368,634 Less long-term debt issuance costs 16,133 17,543 Less current maturities 160,500 25,000 $ 3,325,042 $ 3,326,091

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Apr. 02, 2022
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 (1) Cash Flow Hedges Defined Benefit Plans Income Taxes Accumulated Other Comprehensive Loss Balance at January 1, 2022 $ (134,001) $ 5,244 $ (569,161) $ 146,315 $ (551,603) Amounts reclassified from accumulated other comprehensive loss (13,473) 9,789 5,618 (2,778) (844) Current-period other comprehensive income (loss) activity 40,770 (7,404) (40) 2,430 35,756 Total other comprehensive income (loss) 27,297 2,385 5,578 (348) 34,912 Balance at April 2, 2022 $ (106,704) $ 7,629 $ (563,583) $ 145,967 $ (516,691) Cumulative Translation Adjustment (1) Cash Flow Hedges Defined Benefit Plans Income Taxes Accumulated Other Comprehensive Loss Balance at January 2, 2021 $ (52,820) $ (26,538) $ (668,730) $ 181,129 $ (566,959) Amounts reclassified from accumulated other comprehensive loss — 5,242 7,085 (3,004) 9,323 Current-period other comprehensive income (loss) activity (25,201) 8,474 1,699 (4,221) (19,249) Total other comprehensive income (loss) (25,201) 13,716 8,784 (7,225) (9,926) Balance at April 3, 2021 $ (78,021) $ (12,822) $ (659,946) $ 173,904 $ (576,885) (1) Cumulative Translation Adjustment includes translation adjustments and net investment hedges. See Note “Financial Instruments and Risk Management” for additional disclosures about net investment hedges.
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 from AOCI Quarters Ended April 2, April 3, Write-off of cumulative translation associated with sale of business Income (loss) from discontinued operations, net of tax $ 13,473 $ — Gain (loss) on forward foreign exchange contracts designated as cash flow hedges Cost of sales $ 1,612 $ (4,377) Income tax (508) 1,208 Income (loss) from discontinued operations, net of tax (232) (244) Net of tax 872 (3,413) Gain (loss) on cross-currency swap contracts designated as cash flow hedges Selling, general and administrative expenses (9,733) (557) Interest expense, net (1,361) — Income tax 1,886 89 Net of tax (9,208) (468) Amortization of deferred actuarial loss and prior service cost Other expenses (5,203) (7,707) Income tax 1,370 1,746 Income (loss) from discontinued operations, net of tax — 519 Pension activity associated with sale of business Income (loss) from discontinued operations, net of tax (460) — Net of tax (4,293) (5,442) Total reclassifications $ 844 $ (9,323)

Financial Instruments and Ris_2

Financial Instruments and Risk Management (Tables)	3 Months Ended
	Apr. 02, 2022
Disclosure Financial Instruments and Risk Management [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	Hedge Type April 2, January 2, U.S. dollar equivalent notional amount of derivative instruments: Forward foreign exchange contracts Cash Flow and $ 326,800 $ 308,071 Cross-currency swap contracts Cash Flow $ 352,920 $ 352,920 Cross-currency swap contracts Net Investment $ 335,940 $ 335,940
Fair Values of Derivative Instruments	The fair values of derivative instruments related to forward foreign exchange contracts and cross-currency swap contracts recognized in the Condensed Consolidated Balance Sheets of the Company were as follows: Balance Sheet Location Fair Value April 2, January 1, Derivatives designated as hedging instruments: Forward foreign exchange contracts Other current assets $ 1,037 $ 2,898 Cross-currency swap contracts Other current assets 2,986 974 Forward foreign exchange contracts Other noncurrent assets 92 83 Cross-currency swap contracts Other noncurrent assets 4,585 1,979 Derivatives not designated as hedging instruments: Forward foreign exchange contracts Other current assets 4,942 5,439 Total derivative assets 13,642 11,373 Derivatives designated as hedging instruments: Forward foreign exchange contracts Accrued liabilities (3,381) (349) Cross-currency swap contracts Accrued liabilities (1,583) (222) Forward foreign exchange contracts Other noncurrent liabilities (329) (14) Cross-currency swap contracts Other noncurrent liabilities (14,244) (11,387) Derivatives not designated as hedging instruments: Forward foreign exchange contracts Accrued liabilities (1,862) (331) Total derivative liabilities (21,399) (12,303) Net derivative liability $ (7,757) $ (930)
Effect of Cash Flow Hedge Derivative Instruments	The effect of derivative instruments designated as cash flow hedges on the Condensed Consolidated Statements of Income and AOCI is as follows: Amount of Gain (Loss) Recognized in AOCI on Derivative Instruments Quarters Ended April 2, April 3, Forward foreign exchange contracts $ (3,186) $ 8,486 Cross-currency swap contracts (4,218) (12) Total $ (7,404) $ 8,474 Location of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI into Income Quarters Ended April 2, April 3, Forward foreign exchange contracts (1) Cost of sales $ 1,612 $ (4,377) Forward foreign exchange contracts (1) Income (loss) from discontinued operations, net of tax (307) (308) Cross-currency swap contracts (1) Selling, general and administrative expenses (9,733) (557) Cross-currency swap contracts (1) Interest expense, net (1,361) — Total $ (9,789) $ (5,242) (1) The Company does not exclude amounts from effectiveness testing for cash flow hedges that would require recognition into earnings based on changes in fair value. The following table presents the amounts in the Condensed Consolidated Statements of Income in which the effects of cash flow hedges are recorded: Quarters Ended April 2, April 3, Cost of sales $ 991,978 $ 905,348 Selling, general and administrative expenses $ 413,666 $ 412,559 Interest expense, net $ 31,963 $ 44,460 Income (loss) from discontinued operations, net of tax $ 4,525 $ (391,666)
Effect of Net Investment Hedge Derivative Instruments	The amount of after-tax gains (losses) included in AOCI in the Condensed Consolidated Balance Sheets related to derivative instruments and nonderivative financial instruments designated as net investment hedges are as follows: Amount of Gain (Loss) Recognized in AOCI Quarters Ended April 2, April 3, Euro-denominated long-term debt $ 4,721 $ 19,300 Cross-currency swap contracts 1,932 7,373 Total $ 6,653 $ 26,673 The effect of derivative and non-derivative instruments designated as net investment hedges on the Condensed Consolidated Statements of Income are as follows: Location of Gain (Loss) Reclassified from AOCI into Income Amount of Gain (Loss) Reclassified from AOCI into Income Quarters Ended April 2, April 3, Euro-denominated long-term debt Income (loss) from discontinued operations, net of tax $ (13,348) $ — Cross-currency swap contracts Income (loss) from discontinued operations, net of tax (2,505) — Cross-currency swap contracts (amounts excluded from effectiveness testing) Interest expense, net 2,012 1,899 Total $ (13,841) $ 1,899 The following table presents the amounts in the Condensed Consolidated Statements of Income in which the effects of net investment hedges are recorded: Quarters Ended April 2, April 3, Income (loss) from discontinued operations, net of tax 4,525 (391,666) Interest expense, net (amounts excluded from effectiveness testing) 31,963 44,460
Effect of Mark to Market Hedge Derivative Instruments	The effect of derivative instruments not designated as hedges on the Condensed Consolidated Statements of Income is as follows: Location of Gain (Loss) Amount of Gain (Loss) Recognized in Income Quarters Ended April 2, April 3, Forward foreign exchange contracts Cost of sales $ (4,202) $ 12,995 Forward foreign exchange contracts Selling, general and administrative expenses 292 2,211 Forward foreign exchange contracts Income (loss) from discontinued operations, net of tax — 2,639 Total $ (3,910) $ 17,845

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Apr. 02, 2022
Fair Value Disclosures [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 April 2, 2022 Total Quoted Prices In Significant Significant Forward foreign exchange contracts - assets $ 6,071 $ — $ 6,071 $ — Cross-currency swap contracts - assets 7,571 — 7,571 — Forward foreign exchange contracts - liabilities (5,572) — (5,572) — Cross-currency swap contracts - liabilities (15,827) — (15,827) — Total derivative contracts (7,757) — (7,757) — Deferred compensation plan liability (18,030) — (18,030) — Total $ (25,787) $ — $ (25,787) $ — Assets (Liabilities) at Fair Value as of January 1, 2022 Total Quoted Prices In Significant Significant Forward foreign exchange contracts - assets $ 8,420 $ — $ 8,420 $ — Cross-currency swap contracts - assets 2,953 — 2,953 — Forward foreign exchange contracts - liabilities (694) — (694) — Cross-currency swap contracts - liabilities (11,609) — (11,609) — Total derivative contracts (930) — (930) — Deferred compensation plan liability (20,916) — (20,916) — Total $ (21,846) $ — $ (21,846) $ —

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Apr. 02, 2022
Segment Reporting [Abstract]
Net Sales	Quarters Ended April 2, April 3, Net sales: Innerwear $ 578,947 $ 570,435 Activewear 386,937 364,003 International 510,129 506,261 Other 100,143 67,330 Total net sales $ 1,576,156 $ 1,508,029
Segment Operating Profit	Quarters Ended April 2, April 3, Segment operating profit: Innerwear $ 102,146 $ 127,417 Activewear 48,984 60,594 International 89,438 87,180 Other (671) 1,886 Total segment operating profit 239,897 277,077 Items not included in segment operating profit: General corporate expenses (57,228) (59,823) Restructuring and other action-related charges (4,802) (19,393) Amortization of intangibles (7,355) (7,739) Total operating profit 170,512 190,122 Other expenses (987) (2,561) Interest expense, net (31,963) (44,460) Income from continuing operations before income tax expense $ 137,562 $ 143,101
Restructuring and other action-related charges	The Company incurred restructuring and other action-related charges that were reported in the following lines in the Condensed Consolidated Statements of Income: Quarters Ended April 2, April 3, Cost of sales $ 499 $ 2,807 Selling, general and administrative expenses 4,303 16,586 Total included in operating profit 4,802 19,393 Income tax expense 816 11,302 Total restructuring and other action-related charges $ 3,986 $ 8,091 The components of restructuring and other action-related charges were as follows: Quarters Ended April 2, April 3, Full Potential Plan: Professional services $ 7,908 $ 11,706 Gain on classification of assets held for sale (6,528) — Operating model (1,919) — Supply chain segmentation 1,020 — Technology 4,459 — Impairment of intangible assets — 7,302 Other (138) 385 Total included in operating profit 4,802 19,393 Discrete tax benefits — 7,295 Tax effect on actions 816 4,007 Total benefit included in income tax expense 816 11,302 Total restructuring and other action-related charges $ 3,986 $ 8,091

Assets and Liabilities Held f_3

Assets and Liabilities Held for Sale - Balance Sheet (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022	Apr. 03, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets held for sale	$ 7,959	$ 327,157	$ 303,045
Current liabilities held for sale	7,959	316,902	288,936
Continuing Operations, Disposal Group, Held-for-sale | U.S. Sheer Hosiery Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets held for sale	7,959	5,426	0
Current liabilities held for sale	7,959	5,426	0
Discontinued Operations, Held-for-sale | European Innerwear Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets held for sale	0	321,731	303,045
Current liabilities held for sale	$ 0	$ 311,476	$ 288,936

Assets and Liabilities Held f_4

Assets and Liabilities Held for Sale - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Jan. 01, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Gain) loss on sale of business and classification of assets held for sale	$ (6,715)	$ 226,352
Selling, general and administrative expenses
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of intangible assets, Continuing Operations		7,302
Discontinued Operations, Held-for-sale | European Innerwear Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of intangible assets and goodwill, Discontinued Operations	0	155,745
(Gain) loss on sale of business and classification of assets held for sale	(187)	$ 226,352
Continuing Operations, Disposal Group, Held-for-sale | U.S. Sheer Hosiery | Selling, general and administrative expenses
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Gain) loss on sale of business and classification of assets held for sale	$ (6,528)		$ 38,364

Discontinued Operations - Incom

Discontinued Operations - Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Gain) loss on sale of business and classification of assets held for sale	$ (6,715)	$ 226,352
Net income (loss) from discontinued operations, net of tax	4,525	(391,666)
Discontinued Operations, Held-for-sale | European Innerwear Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	101,314	135,845
Cost of sales	60,415	75,523
Gross profit	40,899	60,322
Selling, general and administrative expenses	54,689	83,392
Impairment of intangible assets and goodwill	0	155,745
(Gain) loss on sale of business and classification of assets held for sale	(187)	226,352
Operating loss	(13,603)	(405,167)
Other expenses	283	334
Interest expense, net	10	90
Loss from discontinued operations before income tax expense	(13,896)	(405,591)
Income tax benefit	(18,421)	(13,925)
Net income (loss) from discontinued operations, net of tax	$ 4,525	$ (391,666)

Discontinued Operations - Asset

Discontinued Operations - Assets and Liabilities (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022	Apr. 03, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets held for sale	$ 7,959	$ 327,157	$ 303,045
Current liabilities held for sale	7,959	316,902	288,936
Discontinued Operations, Held-for-sale | European Innerwear Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	0	24,352	10,304
Trade accounts receivable, net	0	87,353	80,458
Inventories	0	141,653	106,192
Other current assets	0	21,926	11,190
Property, net	0	62,659	61,763
Right-of-use assets	0	32,603	34,779
Trademarks and other identifiable intangibles, net	0	205,204	208,601
Deferred tax assets	0	4,174	8,505
Other noncurrent assets	0	4,127	4,860
Allowance to adjust assets to estimated fair value, less costs of disposal	0	(262,320)	(223,607)
Current assets held for sale	0	321,731	303,045
Accounts payable	0	84,327	62,199
Accrued liabilities	0	122,620	120,475
Lease liabilities	0	6,562	9,159
Notes payable	0	329	1,574
Lease liabilities - noncurrent	0	27,426	27,038
Pension and postretirement benefits	0	38,325	44,428
Other noncurrent liabilities	0	31,887	24,063
Current liabilities held for sale	$ 0	$ 311,476	$ 288,936

Discontinued Operations - Cash

Discontinued Operations - Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Gain) loss on sale of business and classification of assets held for sale	$ (6,715)	$ 226,352
Discontinued Operations, Held-for-sale | European Innerwear Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation	0	2,608
Amortization	0	1,460
Capital expenditures	715	3,335
Impairment of intangible assets and goodwill	0	155,745
(Gain) loss on sale of business and classification of assets held for sale	(187)	226,352
Capital expenditures included in accounts payable at end of period	0	52
Right-of-use assets obtained in exchange for lease obligations	$ 461	$ 1,495

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Disaggregation of Revenue
Net sales	$ 1,576,156	$ 1,508,029
Third-party brick-and-mortar wholesale
Disaggregation of Revenue
Net sales	1,126,266	1,024,739
Consumer-directed
Disaggregation of Revenue
Net sales	$ 449,890	$ 483,290

Stockholders' Equity Reconcilia

Stockholders' Equity Reconciliation of Basic to Diluted Weighted Average Shares (Details) - shares shares in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Reconciliation of basic to diluted weighted average shares [Line Items]
Basic weighted average shares outstanding	350,251	351,003
Diluted weighted average shares outstanding	351,453	351,686
Stock options
Effect of potentially dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	7	9
Restricted stock units
Effect of potentially dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	1,190	671
Employee stock purchase plan and other
Effect of potentially dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	5	3

Stockholders' Equity (Additiona

Stockholders' Equity (Additional Information) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Apr. 26, 2022	Apr. 02, 2022	Apr. 03, 2021	Feb. 02, 2022	Feb. 06, 2020
Stockholders' Equity [Line Items]
Dividends, Per Share, Declared		$ 0.15	$ 0.15
Common stock repurchased, cost		$ 25,018
Payments for Repurchase of Common Stock		$ 25,018	$ 0
Stock options
Stockholders' Equity [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		167	167
Restricted stock units
Stockholders' Equity [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		647	592
2022 Share Repurchase Plan
Stockholders' Equity [Line Items]
Stock Repurchase Program, Authorized Amount				$ 600,000
Stock repurchased during period, shares		1,577
Common stock repurchased, cost		$ 25,018
Stock Repurchase Program, Remaining Authorized Repurchase Amount		575,013
Payments for Stock Repurchased, Broker's Commissions		$ 31
Treasury Stock Acquired, Average Cost Per Share		$ 15.84
2020 Share Repurchase Plan
Stockholders' Equity [Line Items]
Stock repurchase program, number of shares authorized to be repurchased					40,000
Subsequent Event [Member]
Stockholders' Equity [Line Items]
Dividends, Per Share, Declared	$ 0.15

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022	Apr. 03, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 84,734	$ 68,683	$ 74,123
Work in process	121,095	110,246	99,619
Finished goods	1,614,145	1,405,086	1,315,823
Total Inventories	$ 1,819,974	$ 1,584,015	$ 1,489,565

Debt - Summary of Debt (Details

Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022	Apr. 03, 2021	Apr. 01, 2021
Debt Instrument [Line Items]
Long-term debt, gross	$ 3,501,675	$ 3,368,634
Less long-term debt issuance costs	16,133	17,543
Long-term Debt, Excluding Current Maturities [Abstract]
Less current maturities	160,500	25,000
Long-term debt	$ 3,325,042	3,326,091	$ 3,649,631
Revolving Loan Facility
Debt Instrument [Line Items]
Interest rate	1.69%
Long-term debt, gross	$ 20,000	0
Term Loan A
Debt Instrument [Line Items]
Interest rate	1.75%
Long-term debt, gross	$ 993,750	1,000,000
4.875% Senior Notes
Debt Instrument [Line Items]
Interest rate	4.88%
Long-term debt, gross	$ 900,000	900,000
4.625% Senior Notes
Debt Instrument [Line Items]
Interest rate	4.63%
Long-term debt, gross	$ 900,000	900,000
3.5% Senior Notes
Debt Instrument [Line Items]
Interest rate	3.50%			3.50%
Long-term debt, gross	$ 552,425	568,634
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Interest rate	1.25%
Long-term debt, gross	$ 135,500	$ 0

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022
Debt Instrument [Line Items]
Long-term debt, gross	$ 3,501,675	$ 3,368,634
Revolving Loan Facility
Debt Instrument [Line Items]
Remaining borrowing capacity	975,824
Maximum Borrowing Capacity	1,000,000
Standby and trade letters of credit issued	4,176
Long-term debt, gross	20,000	0
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Remaining borrowing capacity	14,500
Maximum Borrowing Capacity	175,000
Current Borrowing Capacity	150,000
Long-term debt, gross	135,500	$ 0
Other International Debt
Debt Instrument [Line Items]
Remaining borrowing capacity	$ 56,056

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Effective income tax rate, percent	17.00%	10.30%
Income tax expense	$ 23,385	$ 14,697
Discrete benefit for the release of reserves for unrecognized tax benefits [Member]
Income tax expense		(7,034)
Discrete charge for changes in valuation allowance
Income tax expense		$ 3,672

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Rollforward) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance, net of tax	$ (551,603)
Total other comprehensive income (loss)	34,912	$ (9,926)
Ending Balance, net of tax	(516,691)	(576,885)
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(134,001)	(52,820)
Amounts reclassified from accumulated other comprehensive loss, before tax	(13,473)	0
Current-period other comprehensive income (loss) activity, before tax	40,770	(25,201)
Total other comprehensive income (loss), before tax	27,297	(25,201)
Ending Balance, before tax	(106,704)	(78,021)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	5,244	(26,538)
Amounts reclassified from accumulated other comprehensive loss, before tax	9,789	5,242
Current-period other comprehensive income (loss) activity, before tax	(7,404)	8,474
Total other comprehensive income (loss), before tax	2,385	13,716
Ending Balance, before tax	7,629	(12,822)
Defined Benefit Plans
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(569,161)	(668,730)
Amounts reclassified from accumulated other comprehensive loss, before tax	5,618	7,085
Current-period other comprehensive income (loss) activity, before tax	(40)	1,699
Total other comprehensive income (loss), before tax	5,578	8,784
Ending Balance, before tax	(563,583)	(659,946)
Income Taxes
Accumulated Other Comprehensive Income (Loss), Tax [Roll Forward]
Beginning Balance, tax	146,315	181,129
Amounts reclassified from accumulated other comprehensive loss, tax	(2,778)	(3,004)
Current-period other comprehensive income (loss) activity, tax	2,430	(4,221)
Total other comprehensive income (loss), tax	(348)	(7,225)
Ending Balance, tax	145,967	173,904
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance, net of tax	(551,603)	(566,959)
Amounts reclassified from accumulated other comprehensive loss, net of tax	(844)	9,323
Current-period other comprehensive income (loss) activity, net of tax	35,756	(19,249)
Total other comprehensive income (loss)	34,912	(9,926)
Ending Balance, net of tax	$ (516,691)	$ (576,885)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ (991,978)	$ (905,348)
Selling, general and administrative expenses	(413,666)	(412,559)
Interest expense, net	(31,963)	(44,460)
Other expenses	987	2,561
Income tax expense	(23,385)	(14,697)
Income (loss) from discontinued operations, net of tax	(4,525)	391,666
Net income (loss)	(118,702)	263,262
Reclassification out of Accumulated Other Comprehensive Income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	844	(9,323)
Reclassification out of Accumulated Other Comprehensive Income | Cumulative Translation Adjustment
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) from discontinued operations, net of tax	13,473	0
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]
Other expenses	(5,203)	(7,707)
Income tax expense	1,370	1,746
Net income (loss)	(4,293)	(5,442)
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Defined Benefit Plans Adjustment Net of Tax
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) from discontinued operations, net of tax	0	519
Reclassification out of Accumulated Other Comprehensive Income | Pension activity associated with sale of business
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) from discontinued operations, net of tax	(460)	0
Forward foreign exchange contract | Reclassification out of Accumulated Other Comprehensive Income | Gain (loss) on derivative instruments designated as cash flow hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	1,612	(4,377)
Income tax expense	(508)	1,208
Income (loss) from discontinued operations, net of tax	(232)	(244)
Net income (loss)	872	(3,413)
Cross-currency swap contract | Reclassification out of Accumulated Other Comprehensive Income | Gain (loss) on derivative instruments designated as cash flow hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	(9,733)	(557)
Interest expense, net	(1,361)	0
Income tax expense	1,886	89
Net income (loss)	$ (9,208)	$ (468)

Financial Instruments and Ris_3

Financial Instruments and Risk Management - Notional Amounts of Derivative Instruments (Details) € in Thousands, $ in Thousands	Apr. 02, 2022USD ($)	Jan. 01, 2022USD ($)	Apr. 01, 2021EUR (€)	Jul. 10, 2019EUR (€)
Forward foreign exchange contract | Cash Flow and Mark to Market Hedges
Derivative [Line Items]
Derivative, Notional Amount	$ 326,800	$ 308,071
Cross-currency swap contract | Cash Flow Hedge
Derivative [Line Items]
Derivative, Notional Amount	352,920	352,920	€ 300,000
Cross-currency swap contract | Net Investment Hedge
Derivative [Line Items]
Derivative, Notional Amount	$ 335,940	$ 335,940		€ 300,000

Financial Instruments and Ris_4

Financial Instruments and Risk Management - Fair Values of Derivative Instruments (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022
Derivatives, Fair Value [Line Items]
Net fair value of derivative assets and liabilities	$ (7,757)	$ (930)
Assets, Total
Derivatives, Fair Value [Line Items]
Total derivative assets	13,642	11,373
Liabilities, Total
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(21,399)	(12,303)
Forward foreign exchange contract | Other Current Assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	1,037	2,898
Forward foreign exchange contract | Other Current Assets | Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	4,942	5,439
Forward foreign exchange contract | Other noncurrent assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	92	83
Forward foreign exchange contract | Accrued liabilities | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(3,381)	(349)
Forward foreign exchange contract | Accrued liabilities | Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(1,862)	(331)
Forward foreign exchange contract | Other Noncurrent Liabilities | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(329)	(14)
Cross-currency swap contract | Other Current Assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	2,986	974
Cross-currency swap contract | Other noncurrent assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	4,585	1,979
Cross-currency swap contract | Accrued liabilities | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(1,583)	(222)
Cross-currency swap contract | Other Noncurrent Liabilities | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	$ (14,244)	$ (11,387)

Financial Instruments and Ris_5

Financial Instruments and Risk Management - Effect of Cash Flow Hedge Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income on Cash Flow Hedges	$ (9,789)	$ (5,242)
Cost of sales	991,978	905,348
Selling, general and administrative expenses	413,666	412,559
Interest expense, net	31,963	44,460
Income (loss) from discontinued operations, net of tax	4,525	(391,666)
Accumulated Other Comprehensive Loss
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Cash Flow Hedges	(7,404)	8,474
Forward foreign exchange contract | Accumulated Other Comprehensive Loss
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Cash Flow Hedges	(3,186)	8,486
Forward foreign exchange contract | Cost of sales
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income on Cash Flow Hedges	1,612	(4,377)
Forward foreign exchange contract | Income (loss) from discontinued operations, net of tax
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income on Cash Flow Hedges	(307)	(308)
Cross-currency swap contract | Accumulated Other Comprehensive Loss
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Cash Flow Hedges	(4,218)	(12)
Cross-currency swap contract | Selling, general and administrative expenses
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income on Cash Flow Hedges	(9,733)	(557)
Cross-currency swap contract | Interest expense, net
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income on Cash Flow Hedges	$ (1,361)	$ 0

Financial Instruments and Ris_6

Financial Instruments and Risk Management - Effect of Net Investment Hedge Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Net Investment Hedges	$ (13,841)	$ 1,899
Income (loss) from discontinued operations, net of tax	4,525	(391,666)
Interest expense, net	31,963	44,460
Euro-denominated Long-term Debt | Income (loss) from discontinued operations, net of tax
Derivatives, Fair Value [Line Items]
Nonderivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(13,348)	0
Cross-currency swap contract | Income (loss) from discontinued operations, net of tax
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(2,505)	0
Cross-currency swap contract | Interest expense, net
Derivatives, Fair Value [Line Items]
Amounts of Gain (Loss) Recognized in Income on Net Investment Hedges	2,012	1,899
Accumulated Other Comprehensive Loss
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Net Investment Hedges	6,653	26,673
Accumulated Other Comprehensive Loss | Euro-denominated Long-term Debt
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Net Investment Hedges	4,721	19,300
Accumulated Other Comprehensive Loss | Cross-currency swap contract
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Net Investment Hedges	$ 1,932	$ 7,373

Financial Instruments and Ris_7

Financial Instruments and Risk Management - Effect of Mark to Market Hedge Derivative Instruments (Details) - Forward foreign exchange contract - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Mark to Market Hedges	$ (3,910)	$ 17,845
Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Mark to Market Hedges	(4,202)	12,995
Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Mark to Market Hedges	292	2,211
Income (loss) from discontinued operations, net of tax
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Mark to Market Hedges	$ 0	$ 2,639

Financial Instruments and Ris_8

Financial Instruments and Risk Management - Additional Information (Details) € in Thousands, $ in Thousands	Apr. 01, 2021EUR (€)numberOfCrossCurrencySwaps	Jul. 10, 2019EUR (€)numberOfCrossCurrencySwaps	Apr. 02, 2022USD ($)	Apr. 02, 2022EUR (€)	Jan. 01, 2022USD ($)
Derivative [Line Items]
Net gain (loss) expected to be reclassified into earnings during the next twelve months			$ (4,975)
Long-term debt, gross			3,501,675		$ 3,368,634
3.5% Senior Notes
Derivative [Line Items]
Long-term debt, gross			$ 552,425		568,634
Interest rate on senior notes issued	3.50%		3.50%	3.50%
3.5% Senior Notes, Euro Value
Derivative [Line Items]
Long-term debt, gross | €				€ 500,000
4.625% Senior Notes
Derivative [Line Items]
Long-term debt, gross			$ 900,000		900,000
Interest rate on senior notes issued			4.63%	4.63%
Euro-denominated Long-term Debt | Net Investment Hedge
Derivative [Line Items]
Notional amount of nonderivative Instruments in a net investment hedge | €	€ 200,000	€ 500,000
Euro-denominated long-term debt designated as a partial European net investment hedge			$ 220,970		227,454
Forward foreign exchange contract
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge			17 months
Cross-currency swap contract
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge			27 months
Cross-currency swap contract | Cash Flow Hedge
Derivative [Line Items]
Number of cross currency swaps | numberOfCrossCurrencySwaps	3
Notional amount of derivative instruments designated in a net investment hedge	€ 300,000		$ 352,920		352,920
Cross-currency swap contract - fixed interest rate	4.7945%
Cross-currency swap contract | Net Investment Hedge
Derivative [Line Items]
Number of cross currency swaps | numberOfCrossCurrencySwaps		2
Notional amount of derivative instruments designated in a net investment hedge		€ 300,000	$ 335,940		$ 335,940
Cross-currency swap contract - fixed interest rate		2.3215%
Cross-currency swap contract | Net Investment Hedge | 4.625% Senior Notes
Derivative [Line Items]
Interest rate on senior notes issued		4.625%

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities (Fair Value of Financial Assets and Liabilities Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net fair value of derivative assets and liabilities	$ (7,757)	$ (930)
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net fair value of derivative assets and liabilities	(7,757)	(930)
Deferred compensation plan liability	(18,030)	(20,916)
Net effect of financial asset less financial liability	(25,787)	(21,846)
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]
Net fair value of derivative assets and liabilities	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]
Net fair value of derivative assets and liabilities	(7,757)	(930)
Deferred compensation plan liability	(18,030)	(20,916)
Net effect of financial asset less financial liability	(25,787)	(21,846)
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net fair value of derivative assets and liabilities	0	0
Deferred compensation plan liability	0	0
Net effect of financial asset less financial liability	0	0
Fair Value, Measurements, Recurring | Forward foreign exchange contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	6,071	8,420
Total derivative liabilities	(5,572)	(694)
Fair Value, Measurements, Recurring | Forward foreign exchange contract | 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 | Forward foreign exchange contract | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	6,071	8,420
Total derivative liabilities	(5,572)	(694)
Fair Value, Measurements, Recurring | Forward foreign exchange contract | 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
Fair Value, Measurements, Recurring | Cross-currency swap contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	7,571	2,953
Total derivative liabilities	(15,827)	(11,609)
Fair Value, Measurements, Recurring | Cross-currency swap contract | 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 | Cross-currency swap contract | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	7,571	2,953
Total derivative liabilities	(15,827)	(11,609)
Fair Value, Measurements, Recurring | Cross-currency swap contract | 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

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Additional Information) (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts Receivable, Allowance for Credit Loss, Current	$ 66,142	$ 61,948
Carrying value of debt	3,501,675	3,368,634
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	$ 3,487,963	$ 3,504,412

Business Segment Information -

Business Segment Information - Net Sales (Details) $ in Thousands	3 Months Ended
	Apr. 02, 2022USD ($)numberOfSegments	Apr. 03, 2021USD ($)
Schedule Of Sales Revenue By Business Segment [Line Items]
Number of operating segments | numberOfSegments	3
Net sales	$ 1,576,156	$ 1,508,029
Innerwear
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales	578,947	570,435
Activewear
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales	386,937	364,003
International
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales	510,129	506,261
Other
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales	$ 100,143	$ 67,330

Business Segment Information _2

Business Segment Information - Segment Operating Profit (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Segment operating profit:
Total operating profit	$ 170,512	$ 190,122
Operating profit
General corporate expenses	(57,228)	(59,823)
Amortization of intangibles	(7,355)	(7,739)
Other expenses	(987)	(2,561)
Interest expense, net	(31,963)	(44,460)
Income from continuing operations before income tax expense	137,562	143,101
Operating Profit
Operating profit
Restructuring and other action-related charges	(4,802)	(19,393)
Innerwear
Segment operating profit:
Total operating profit	102,146	127,417
Activewear
Segment operating profit:
Total operating profit	48,984	60,594
International
Segment operating profit:
Total operating profit	89,438	87,180
Other
Segment operating profit:
Total operating profit	(671)	1,886
Total segment operating profit
Segment operating profit:
Total operating profit	$ 239,897	$ 277,077

Business Segment Information _3

Business Segment Information - Restructuring and Other Action-Related Charges by Income Statement Line (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Cost of sales
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 499	$ 2,807
Selling, general and administrative expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	4,303	16,586
Total included in operating profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	4,802	19,393
Total included in income tax expense (benefit)
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	816	11,302
Total restructuring and other action-related charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 3,986	$ 8,091

Business Segment Information _4

Business Segment Information - Components of Restructuring and Other Action-Related Charges (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Total included in operating profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 4,802	$ 19,393
Total included in operating profit | Full Potential Plan | Professional services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	7,908	11,706
Total included in operating profit | Full Potential Plan | Gain on classification of assets held for sale | U.S. Sheer Hosiery
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	(6,528)	0
Total included in operating profit | Full Potential Plan | Operating model
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	(1,919)	0
Total included in operating profit | Full Potential Plan | Impairment of intangible assets
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	7,302
Total included in operating profit | Full Potential Plan | Other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	(138)	385
Total included in operating profit | Full Potential Plan | Supply chain segmentation
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	1,020	0
Total included in operating profit | Full Potential Plan | Technology
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	4,459	0
Total included in income tax expense (benefit)
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	816	11,302
Total included in income tax expense (benefit) | Discrete tax benefits
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	7,295
Total included in income tax expense (benefit) | Tax effect on actions
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	816	4,007
Total restructuring and other action-related charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 3,986	$ 8,091

Business Segment Information _5

Business Segment Information - Restructuring and Other Action-Related Charges - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Jan. 01, 2022
Segment Reporting, Other Significant Reconciling Item [Line Items]
Employee termination and other benefits paid	$ 3,066
(Gain) loss on sale of business and classification of assets held for sale	(6,715)	$ 226,352
Accrued liabilities and other: Other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Other Employee-related Liabilities, Current	12,622		$ 15,688
Operating Profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	4,802	19,393
Selling, general and administrative expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Impairment of intangible assets, Continuing Operations		7,302
Restructuring and other action-related charges	4,303	$ 16,586
Selling, general and administrative expenses | U.S. Sheer Hosiery | Continuing Operations, Disposal Group, Held-for-sale
Segment Reporting, Other Significant Reconciling Item [Line Items]
(Gain) loss on sale of business and classification of assets held for sale	$ (6,528)		$ 38,364