Hanesbrands (HBI) 10-Q 3 May 23 2023 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Apr. 01, 2023	Apr. 28, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001359841
Current Fiscal Year End Date	--12-30
Document Quarterly Report	true
Document Period End Date	Apr. 01, 2023
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		349,530,266

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Income Statement [Abstract]
Net sales	$ 1,389,410	$ 1,576,156
Cost of sales	939,717	991,978
Gross profit	449,693	584,178
Selling, general and administrative expenses	392,374	413,666
Operating profit	57,319	170,512
Other expenses	14,771	987
Interest expense, net	58,452	31,963
Income (loss) from continuing operations before income tax expense	(15,904)	137,562
Income tax expense	18,500	23,385
Income (loss) from continuing operations	(34,404)	114,177
Income from discontinued operations, net of tax	0	4,525
Net income (loss)	$ (34,404)	$ 118,702
Earnings (loss) per share, basic:
Continuing operations	$ (0.10)	$ 0.33
Discontinued operations	0	0.01
Net income (loss)	(0.10)	0.34
Earnings (loss) per share, diluted:
Continuing operations	(0.10)	0.32
Discontinued operations	0	0.01
Net income (loss)	$ (0.10)	$ 0.34

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Condensed Consolidated Statements Of Comprehensive Income (Unaudited) [Abstract]
Net income (loss)	$ (34,404)	$ 118,702
Other comprehensive income (loss):
Translation adjustments	(9,056)	27,297
Unrealized gain (loss) on qualifying cash flow hedges, net of tax of $941 and $969, respectively	(21,644)	3,354
Unrecognized income from pension and postretirement plans, net of tax of $121 and $(1,317), respectively	4,186	4,261
Total other comprehensive income (loss)	(26,514)	34,912
Comprehensive income (loss)	$ (60,918)	$ 153,614

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Condensed Consolidated Statements Of Comprehensive Income (Unaudited) [Abstract]
Tax portion of unrealized gain (loss) on qualifying cash flow hedges	$ 941	$ 969
Tax portion of unrecognized income from pension and postretirement plans	$ 121	$ (1,317)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022	Apr. 02, 2022
Assets
Cash and cash equivalents	$ 213,209	$ 238,413	$ 369,210
Trade accounts receivable, net	681,921	721,396	898,420
Inventories	1,969,133	1,979,672	1,819,974
Other current assets	159,724	178,946	202,015
Current assets held for sale	4,986	13,327	7,959
Total current assets	3,028,973	3,131,754	3,297,578
Property, net	442,315	442,404	443,817
Right-of-use assets	454,643	414,894	350,174
Trademarks and other identifiable intangibles, net	1,241,624	1,255,693	1,235,276
Goodwill	1,106,590	1,108,907	1,138,667
Deferred tax assets	21,732	20,162	326,677
Other noncurrent assets	136,803	130,062	67,520
Total assets	6,432,680	6,503,876	6,859,709
Liabilities and Stockholders’ Equity
Accounts payable	965,630	917,481	1,204,196
Accrued liabilities	474,840	498,028	575,911
Lease liabilities	100,266	114,794	117,465
Accounts Receivable Securitization Facility	166,000	209,500	135,500
Current portion of long-term debt	52,750	37,500	25,000
Current liabilities held for sale	4,986	13,327	7,959
Total current liabilities	1,764,472	1,790,630	2,066,031
Long-term debt	3,588,945	3,612,077	3,325,042
Lease liabilities - noncurrent	379,365	326,644	258,663
Pension and postretirement benefits	113,649	116,167	242,690
Other noncurrent liabilities	246,723	260,094	187,867
Total liabilities	6,093,154	6,105,612	6,080,293
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 - 349,530,266, 349,009,147 and 348,775,722, respectively	3,495	3,490	3,488
Additional paid-in capital	336,851	334,676	315,675
Retained earnings	537,702	572,106	976,944
Accumulated other comprehensive loss	(538,522)	(512,008)	(516,691)
Total stockholders’ equity	339,526	398,264	779,416
Total liabilities and stockholders’ equity	$ 6,432,680	$ 6,503,876	$ 6,859,709

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Apr. 01, 2023	Dec. 31, 2022	Apr. 02, 2022
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	349,530,266	349,009,147	348,775,722
Common stock, shares outstanding	349,530,266	349,009,147	348,775,722

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. 01, 2022	$ 702,493	$ 3,499	$ 315,337	$ 935,260	$ (551,603)
Beginning Balance, Shares at Jan. 01, 2022		349,903,000
Net income (loss)	118,702			118,702
Dividends	(53,443)			(53,443)
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
Beginning Balance at Dec. 31, 2022	$ 398,264	$ 3,490	334,676	572,106	(512,008)
Beginning Balance, Shares at Dec. 31, 2022	349,009,147	349,009,000
Net income (loss)	$ (34,404)			(34,404)
Other comprehensive income (loss)	(26,514)				(26,514)
Stock-based compensation	3,700		3,700
Net exercise of stock options, vesting of restricted stock units and other, shares		521,000
Net exercise of stock options, vesting of restricted stock units and other	(1,520)	$ 5	(1,525)
Ending Balance at Apr. 01, 2023	$ 339,526	$ 3,495	$ 336,851	$ 537,702	$ (538,522)
Ending Balance, Shares at Apr. 01, 2023	349,530,266	349,530,000

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Dec. 31, 2022
Operating activities:
Net income (loss)	$ (34,404)	$ 118,702
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation	17,360	18,931
Amortization of acquisition intangibles	4,186	4,847
Other amortization	2,805	2,508
Loss on Extinguishment of Debt	8,466	0
Gain on Sale of Business and Classification of Assets Held For Sale	(2,139)	(6,715)
Amortization of Debt Issuance Costs and Debt Discount	1,973	1,887
Other	5,202	6,940
Changes in assets and liabilities:
Accounts receivable	51,643	(6,090)
Inventories	7,861	(247,567)
Other assets	(10,761)	(489)
Accounts payable	43,171	(310)
Accrued pension and postretirement benefits	1,479	24
Accrued liabilities and other	(52,305)	(123,857)
Net cash from operating activities	44,537	(231,189)
Investing activities:
Capital expenditures	(24,244)	(19,337)
Proceeds from sales of assets	3	19
Other	18,941	(10,272)
Net cash from investing activities	(5,300)	(29,590)
Financing activities:
Borrowings on Term Loan Facilities	891,000	0
Repayments on Term Loan Facilities	(6,250)	(6,250)
Borrowings on Accounts Receivable Securitization Facility	588,000	290,000
Repayments on Accounts Receivable Securitization Facility	(631,500)	(154,500)
Borrowings on Revolving Loan Facilities	421,500	129,000
Repayments on Revolving Loan Facilities	(461,000)	(109,000)
Borrowings on Senior Notes	600,000	0
Repayments on Senior Notes	1,436,884	0
Borrowings on notes payable	0	21,454
Repayments on notes payable	0	(21,713)
Share repurchases	0	(25,018)
Cash dividends paid	0	(52,297)
Payments to amend and refinance credit facilities	(27,371)	(228)
Other	(1,675)	(3,881)
Net cash from financing activities	(64,180)	67,567
Effect of changes in foreign exchange rates on cash	(261)	1,793
Change in cash and cash equivalents	(25,204)	(191,419)
Cash and cash equivalents at beginning of year	238,413	560,629	$ 560,629
Cash and cash equivalents at end of period	213,209	369,210	238,413
Balances included in the Condensed Consolidated Balance Sheets:
Cash and cash equivalents	213,209	369,210	238,413
Supplemental Cash Flow Information:
Capital Expenditures Incurred but Not yet Paid	6,709		$ 10,549
Right-of-use assets obtained in exchange for lease obligations	71,776	16,035
Discontinued Operations, Held-for-sale | European Innerwear Business
Adjustments to reconcile net income (loss) to net cash from operating activities:
Gain on Sale of Business and Classification of Assets Held For Sale	$ 0	$ (187)

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 01, 2023
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 December 31, 2022. The year-end condensed consolidated balance sheet data was derived from audited consolidated 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 or any future period. Ransomware Attack As previously disclosed, on May 24, 2022, the Company identified that it had become subject to a ransomware attack and activated its incident response and business continuity plans designed to contain the incident. As part of the Company’s forensic investigation and assessment of the impact, the Company determined that certain of its information technology systems were affected by the ransomware attack. Upon discovering the incident, the Company took a series of measures to further safeguard the integrity of its information technology systems, including working with cybersecurity experts to contain the incident and implementing business continuity plans to restore and support continued operations. These measures also included resecuring data, remediation of the malware across infected machines, rebuilding critical systems, global password reset and enhanced security monitoring. The Company notified appropriate law enforcement authorities as well as certain data protection regulators. In addition to the Company’s public announcements of the incident, the Company provided breach notifications and regulatory filings as required by applicable law starting in August 2022, and that notification process is complete. The Company believes the incident has been contained, the Company has restored its critical information technology systems, and manufacturing, retail and other internal operations continue. There is no ongoing operational impact on the Company’s ability to provide its products and services. The Company maintains insurance, including coverage for cyber-attacks, subject to certain deductibles and policy limitations, in an amount that the Company believes appropriate. The Company is named in two pending lawsuits in connection with its previously disclosed ransomware incident. On October 7, 2022, a putative class action, entitled Roman v. Hanes Brands [sic], Inc., was filed in the United States District Court for the Central District of California. The lawsuit alleges, among other things, negligence, negligence per se, breach of implied contract, unjust enrichment, breach of implied covenant of good faith and fair dealing, unfair business practices under the California Business and Professions Code, and violations of the California Confidentiality of Medical Information Act in connection with the ransomware incident. On October 13, 2022, another putative class action, entitled Toussaint v. HanesBrands,[sic] Inc., was filed in the United States District Court for the Middle District of North Carolina. The lawsuit alleges, among other things, negligence, negligence per se, breach of implied contract, invasion of privacy, and unjust enrichment in connection with the ransomware incident. The pending lawsuits seek, among other things, monetary and injunctive relief. The lawsuits have been consolidated in the United States District Court for the Middle District of North Carolina, and Plaintiffs have been granted leave to file a consolidated complaint. Plaintiff Roman also filed a second putative class action with regard to the ransomware incident in the United States District Court for the Middle District of North Carolina on January 16, 2023, entitled Roman v. Hanesbrands,[sic] Inc., which was voluntarily dismissed without prejudice on January 20, 2023. The Company is vigorously defending the remaining pending matters and believes the cases are without merit. The Company does not expect any of these claims, individually or in the aggregate, to have a material adverse effect on its consolidated financial position or results of operations. However, at this early stage in the proceedings, the Company is not able to determine the probability of the outcome of these matters or a range of reasonably expected losses, if any. During the quarter ended April 1, 2023, the Company incurred no net costs related to the ransomware attack. Minimal legal fees and the offsetting expected insurance recoveries are reflected in the “Selling, general and administrative expenses” line of the Condensed Consolidated Statements of Income. The Company cannot determine, at this time, the full extent of any proceedings or additional costs or expenses related to the security event or whether such impact will ultimately have a material adverse effect.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Apr. 01, 2023
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. In December 2022, the FASB deferred the expiration date of Topic 848 with the issuance of ASU 2022-06, “Reference Rate Reform: Deferral of the Sunset Date of Topic 848.” The new accounting rules extend the relief in Topic 848 beyond the cessation date of USD London Interbank Offered Rate (“LIBOR”). The new accounting rules must be adopted by the fourth quarter of 2024. 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. 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 “Revenue from Contracts with Customers (Topic 606)” to recognize and measure contract assets and contract liabilities in a business combination. The new accounting rules were effective for the Company in the first quarter of 2023. The adoption of the new accounting rules did not have any impact on the Company’s financial condition, results of operations, cash flows or disclosures. 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 were effective for the Company in the first quarter of 2023. As the Company does not currently have any fair value hedging programs that leverage the portfolio layer method, the adoption of the new accounting rules did not have any impact on the Company’s financial condition, results of operations, cash flows or disclosures. Supplier Finance Program Obligations In September 2022, the FASB issued ASU 2022-04, “Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations.” The new accounting rules create certain disclosure requirements for a buyer in a supplier finance program. The new accounting rules require qualitative and quantitative disclosures including key terms of the program, balance sheet presentation of related amounts, and the obligation amount the buyer has confirmed as valid to the finance provider, including a rollforward of the obligation. Only the amount of the obligation outstanding is required to be disclosed in interim periods. The accounting rules do not impact the recognition, measurement, or financial statement presentation of supplier finance program obligations. The new accounting rules were effective for the Company in the first quarter of 2023. While the new accounting rules did not have an impact on the Company’s financial condition, results of operations or cash flows, adoption of the new accounting rules did result in additional disclosures beginning in the first quarter of 2023 which are included below. The Company reviews supplier terms and conditions on an ongoing basis and has negotiated payment term extensions in recent years in connection with its efforts to effectively manage working capital and improve cash flow. Separate from these payment term extension actions noted above, the Company and certain financial institutions facilitate voluntary supplier finance programs that enable participating suppliers the ability to request payment of their invoices from the financial institutions earlier than the terms stated in Company’s payment policy. The Company is not a party to the arrangements between the suppliers and the financial institutions and its obligations to suppliers, including amounts due and scheduled payment dates, are not impacted by the suppliers’ participation in the supplier finance programs. The Company’s payment terms to the financial institutions, including the timing and amount of payments, are based on the original supplier invoices. The Company has no economic interest in a supplier’s decision to participate in the supplier finance programs and has no financial impact in connection with the supplier finance programs. Accordingly, obligations under these programs continue to be trade payables and are not indicative of borrowing arrangements. As of April 1, 2023, the amounts due to suppliers participating in supplier finance programs totaled $254,509 and are included in the “Accounts Payable” line of the Condensed Consolidated Balance Sheets. Leases In March 2023, the FASB issued ASU 2023-01, “Leases (Topic 842): Common Control Arrangements.” The new accounting rules require that leasehold improvements associated with common control leases be amortized by the lessee over the useful life of the leasehold improvements to the common control group (regardless of the lease term) as long as the lessee controls the use of the underlying asset (the leased asset) through a lease. These leases should also be accounted for as a transfer between entities under common control through an adjustment to equity if, and when, the lessee no longer controls the use of the underlying asset. The new accounting rules will be effective for the Company in the first quarter of 2024, 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. 01, 2023
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure	Assets and Liabilities Held for Sale Total current assets and current liabilities classified as held for sale in the Condensed Consolidated Balance Sheets as of April 1, 2023, December 31, 2022 and April 2, 2022 consist of the following: April 1, December 31, April 2, Total current assets held for sale - U.S. Sheer Hosiery business $ 4,986 $ 13,327 $ 7,959 Total current liabilities held for sale - U.S. Sheer Hosiery business $ 4,986 $ 13,327 $ 7,959 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 1, 2023, December 31, 2022 and April 2, 2022. The Company recorded a non-cash charge 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 quarters ended April 1, 2023 and April 2, 2022, the Company recognized non-cash gains of $2,139 and $6,528, respectively, to adjust the valuation allowance resulting primarily from a decrease in carrying value due to changes in working capital. These valuation allowance adjustments are reflected in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statements of Income. The operations of the U.S. Sheer Hosiery business are reported in “Other” for all periods presented in Note “Business Segment Information”. The Company expects to complete the sale of this business within the next 12 months. 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 2021 which qualified as a triggering event, the Company performed a full impairment analysis of the disposal group's indefinite-lived intangible assets and goodwill which resulted in a non-cash charge to impair certain indefinite-lived trademarks and license agreements as well as the full goodwill balance attributable to the European Innerwear business. Additionally, 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 in the first quarter of 2021. In the quarter ended April 2, 2022, the Company recorded a gain on the sale of the European Innerwear business of $187 as "Gain on sale of business and classification of assets held for sale" in the summarized discontinued operations financial information below primarily resulting from changes in working capital balances and foreign exchange rates. The Company 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 that was signed as part of closing the transaction, 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 provided transitional services including information technology, human resources, facilities management, and limited finance and accounting services which expired in March of 2023. 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 for the period when the European Innerwear business was owned by the Company. 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. 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 1, April 2, Net sales $ — $ 101,314 Cost of sales — 60,415 Gross profit — 40,899 Selling, general and administrative expenses — 54,689 Gain on sale of business and classification of assets held for sale — (187) Operating loss — (13,603) Other expenses — 283 Interest expense, net — 10 Loss from discontinued operations before income tax benefit — (13,896) Income tax benefit — (18,421) Net income from discontinued operations, net of tax $ — $ 4,525 There were no assets and liabilities of discontinued operations classified as held for sale in the Condensed Consolidated Balance Sheets as of April 1, 2023, December 31, 2022 and April 2, 2022. 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 1, April 2, Capital expenditures $ — $ 715 Gain on sale of business and classification of assets held for sale $ — $ (187)

Revenue Recognition

Revenue Recognition	3 Months Ended
	Apr. 01, 2023
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 1, April 2, Third-party brick-and-mortar wholesale $ 985,650 $ 1,126,266 Consumer-directed 403,760 449,890 Total net sales $ 1,389,410 $ 1,576,156 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. 01, 2023
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 1, April 2, Basic weighted average shares outstanding 350,435 350,251 Effect of potentially dilutive securities: Stock options — 7 Restricted stock units — 1,190 Employee stock purchase plan and other — 5 Diluted weighted average shares outstanding 350,435 351,453 The following securities were excluded from the diluted earnings per share calculation because their effect would be anti-dilutive: Quarters Ended April 1, April 2, Stock options 250 167 Restricted stock units 4,329 647 Employee stock purchase plan and other 15 — In the quarter ended April 1, 2023, all potentially dilutive securities were excluded from the diluted earnings per share calculation because the Company incurred a net loss for the quarter and their inclusion would be anti-dilutive.

Inventories

Inventories	3 Months Ended
	Apr. 01, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following: April 1, December 31, April 2, Raw materials $ 69,969 $ 69,279 $ 84,734 Work in process 102,837 107,904 121,095 Finished goods 1,796,327 1,802,489 1,614,145 $ 1,969,133 $ 1,979,672 $ 1,819,974

Debt

Debt	3 Months Ended
	Apr. 01, 2023
Debt Disclosure [Abstract]
Debt	Debt Debt consisted of the following: Interest Rate as of April 1, Principal Amount Maturity Date April 1, December 31, Senior Secured Credit Facility: Revolving Loan Facility 6.39% $ 313,000 $ 352,500 November 2026 Term Loan A 6.41% 968,750 975,000 November 2026 Term Loan B 8.56% 900,000 — March 2030 9.000% Senior Notes 9.00% 600,000 — February 2031 4.875% Senior Notes 4.88% 900,000 900,000 May 2026 4.625% Senior Notes — — 900,000 — 3.5% Senior Notes — — 535,275 — Accounts Receivable Securitization Facility 5.55% 166,000 209,500 June 2023 3,847,750 3,872,275 Less long-term debt issuance costs and debt discount 40,055 13,198 Less current maturities 218,750 247,000 $ 3,588,945 $ 3,612,077 Debt Refinancing and Amendments In the quarter ended April 1, 2023, the Company refinanced its debt structure to provide greater near-term financial flexibility given the uncertainty within the current macroeconomic environment. The refinancing consisted of entering into a new senior secured term loan B facility in an aggregate principal amount of $900,000 due in 2030 (the “Term Loan B”), issuing $600,000 aggregate principal amount of 9.000% senior unsecured notes due in 2031 (the “9.000% Senior Notes”) and redeeming the Company’s 4.625% senior notes due in May 2024 (the “4.625% Senior Notes”) and 3.5% senior notes due in June 2024 (the “3.5% Senior Notes”). In the quarter ended April 1, 2023, the Company used the net proceeds from borrowings under the Term Loan B together with the net proceeds from the offering of the 9.000% Senior Notes to redeem all of its outstanding 4.625% Senior Notes and 3.5% Senior Notes and pay the related fees and expenses which resulted in total charges of $8,466. The charges, which are recorded in the “Other expenses” line in the Condensed Consolidated Statements of Income, included a payment of $4,632 for a required make-whole premium related to the redemption of the 3.5% Senior Notes, a non-cash charge of $1,654 for the write-off of unamortized debt issuance costs related to the redemption of the 3.5% Senior Notes and a non-cash charge of $2,180 for the write-off of unamortized debt issuance costs related to the redemption of the 4.625% Senior Notes. The refinancing activities resulted in a debt discount of $9,000 related to the Term Loan B and total capitalized debt issuance costs of $22,417 which included $11,715 related to the Term Loan B and $10,702 related to the 9.000% Senior Notes. The debt discount and debt issuance costs are amortized into interest expense over the respective terms of the debt instruments. The cash payments for the make-whole premium and fees capitalized as debt issuance costs are reported in “Net cash from financing activities” in the Condensed Consolidated Statements of Cash Flows. Term Loan B In March 2023, the Company entered into the Term Loan B as an incremental term loan facility under the credit agreement that governs the Company’s existing Senior Secured Credit Facility. The issuance of the Term Loan B resulted in proceeds, net of the debt discount of $9,000 and debt issuance costs of $11,715, of approximately $879,285. The Term Loan B bears interest based on the Secured Overnight Financing Rate (“SOFR”) plus an applicable margin of 3.75%, subject to a floor of 0.50%. The Term Loan B Facility is guaranteed by each domestic subsidiary of the Company which guarantees the other facilities under the Senior Secured Credit Facility (the “U.S. Subsidiary Guarantors”) and is secured by substantially all of the assets of the Company and the U.S. Subsidiary Guarantors, on a pari passu basis with the other facilities under the Senior Secured Credit Facility. Outstanding borrowings under the Term Loan B are repayable in 0.25% quarterly installments, with the remainder of the outstanding principal to be repaid at maturity. If the Term Loan B is repriced or refinanced on or prior to the six month anniversary of its funding and as a result of such repricing or refinancing the effective interest rate of the Term Loan B decreases, the Company shall be required to pay a prepayment fee equal to 1.0% of the aggregate principal amount of the Term Loan B subject to such repricing or refinancing. Additionally, the Company is required to prepay any outstanding amounts in connection with (i) the incurrence of certain indebtedness and (ii) non-ordinary course asset sales or other dispositions (including as a result of casualty or condemnation) that exceed certain thresholds in any period of twelve-consecutive months, with customary reinvestment provisions. The Term Loan B also requires the Company, as applicable, to prepay any outstanding term loans under the Term Loan B in connection with excess cash flow, which percentage will be based upon the Company’s leverage ratio during the relevant fiscal period. All such prepayments will be made on a pro rata basis under each of the applicable term loans that are subject to such prepayments. The Term Loan B matures on March 8, 2030. 9.000% Senior Notes In February 2023, the Company issued the 9.000% Senior Notes, with interest payable on February 15 and August 15 of each year. The issuance of the 9.000% Senior Notes resulted in proceeds, net of debt issuance costs of $10,702, of approximately $589,298. The 9.000% Senior Notes will mature on February 15, 2031. Prior to February 15, 2026, the Company has the right to redeem all or of a portion of the 9.000% Senior Notes at a redemption price equal to 100% of the principal amount plus a “make-whole” premium and accrued and unpaid interest, if any, to, but excluding, the redemption date. In addition, prior to February 15, 2026, the Company may on any one or more occasions redeem up to 40% of the notes with the net proceeds from certain equity offerings at a redemption price equal to 109.000% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. On and after February 15, 2026, the Company has the right to redeem all or a portion of the 9.000% Senior Notes, at the redemption prices set forth in the indenture governing the 9.000% Senior Notes, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. In the event of a change of control of the Company and a rating downgrade, the Company will be required to offer to repurchase all outstanding 9.000% Senior Notes at a purchase price in cash equal to 101% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date. The 9.000% Senior Notes are senior unsecured obligations of the Company and are guaranteed by the Company and certain of its domestic subsidiaries that guarantee its credit facilities and certain other material indebtedness. The indenture contains customary covenants and events of default. The 9.000% Senior Notes were issued in a transaction exempt from registration under the Securities Act of 1933 and do not require disclosure of separate financial information for the guarantor subsidiaries. Senior Secured Credit Facility Amendments In November 2022 and in February 2023, given the economic conditions and the associated impact on earnings, the Company amended the credit agreement governing its Senior Secured Credit Facility to modify the financial covenants in order to avoid a potential covenant violation and to provide operating flexibility. The amendments effect changes to certain provisions and covenants under the Senior Secured Credit Facility during the period beginning with the fiscal quarter ended December 31, 2022 and continuing through the fiscal quarter ending March 30, 2024 or such earlier date as the Company may elect (such period of time, the “Covenant Relief Period”), including: (a) an increase in the maximum consolidated net total leverage ratio to 5.25 to 1.00 for the quarter ended December 31, 2022, 6.75 to 1.00 for the quarter ending April 1, 2023, 7.25 to 1.00 for the quarter ending July 1, 2023, 6.75 to 1.00 for the quarter ending September 30, 2023, 5.25 to 1.00 for the quarter ending December 30, 2023, and 5.00 to 1.00 for the quarter ending March 30, 2024, and reverting back to 4.50 to 1.00 for each quarter after the Covenant Relief Period has ended; (b) a reduction of the minimum interest coverage ratio from 3.00 to 1.00 to 2.60 to 1.00 for the quarter ended December 31, 2022 and the quarter ending April 1, 2023, 2.00 to 1.00 for the quarters ending July 1, 2023, September 30, 2023 and December 30, 2023, and 2.50 to 1.00 for the quarter ending March 30, 2024, with an increase to 2.75 to 1.00 for each quarter after the Covenant Relief Period has ended; (c) suspension of restricted payments in connection with share repurchases; (d) suspension of restricted payments pursuant to the Company's leverage ratio-based and "Available Amount" restricted payments baskets, (e) a cap on annual dividend payments of $75,000, which will revert back to the greater of (x) $350,000 and (y) 8.0% of Total Tangible Assets after the Covenant Relief Period has ended; (f) suspension of the Company’s “Available Amount” basket for investments in foreign subsidiaries and other investments; (g) suspension of the 0.50 to 1.00 increase in the maximum permitted consolidated net total leverage ratio resulting from a material permitted acquisition; and (h) the addition of two new tiers to the top of the pricing grid if the maximum consolidated net total leverage ratio exceeds 5.00 to 1.00 and 5.50 to 1.00. In conjunction with the Second Amendment, the Company transitioned the Senior Secured Credit Facility from LIBOR to SOFR with a 10 basis points credit spread adjustment already included in the Senior Secured Credit Facility. In addition, the Third Amendment limits the Company's ability to incur incremental secured indebtedness during the Covenant Relief Period to $1,750,000, subject to compliance with the financial covenants. Other Debt Related Activity As of April 1, 2023, the Company had $682,360 of borrowing availability under the $1,000,000 Revolving Loan Facility after taking into account $313,000 of USD revolver loans and $4,640 of standby and trade letters of credit issued and outstanding under this facility. The Company’s accounts receivable securitization facility (the “ARS Facility”) entered into in November 2007 was amended in June 2022. The latest amendment increased the fluctuating facility limit to $225,000 (previously $175,000) and extended the maturity date to June 2023. Additionally, the amendment changed the Company’s interest rate option as defined in the ARS Facility from the rate announced from time to time by PNC Bank, N.A. as its prime rate or LIBOR to the rate announced from time to time by PNC Bank, N.A. as its prime rate or SOFR and increased certain receivables to the pledged collateral pool for the facility. Borrowings under the Company’s 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 $200,000 for quarter ended April 1, 2023. The Company’s maximum borrowing capacity under the ARS Facility was $169,406 as of April 1, 2023. The Company had $3,406 of borrowing availability under the ARS Facility at April 1, 2023. The Company had $44,383 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 1, 2023.

Income Taxes

Income Taxes	3 Months Ended
	Apr. 01, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes In the quarter ended April 1, 2023, income tax expense was $18,500 resulting in an effective income tax rate of (116.3)%. and in the quarter ended April 2, 2022, income tax expense was $23,385 resulting in an effective income tax rate of 17.0%. The Company's effective tax rate for the quarter ended April 1, 2023 primarily differs from the U.S. statutory rate due to valuation allowances against certain net deferred tax assets. Additionally, the Company had unfavorable discrete items of $7,544 and $1,874 for the quarters ended April 1, 2023 and April 2, 2022, respectively. The Organization for Economic Co-operation and Development (the “OECD”), an international association of 38 countries including the U.S., has proposed changes to numerous long-standing tax principles, including a global minimum tax initiative. On December 12, 2022, the European Union member states agreed to implement the OECD’s Pillar 2 global corporate minimum tax rate of 15% on companies with revenues of at least $790,000, which would go into effect in 2024. Currently, South Korea and Japan are the only countries to enact legislation consistent with the rules, while other countries including the United Kingdom, Switzerland, Canada and Australia are also actively considering changes to their tax laws to adopt certain parts of the OECD’s proposals. The Company will continue to monitor the developing laws. In August 2022, the U.S. enacted the Inflation Reduction Act of 2022 (“IR Act”), which, among other things, introduces a 15% minimum tax based on adjusted financial statement income of certain large corporations with a three year average adjusted financial statement income in excess of $1,000,000, a 1% excise tax on the fair market stock repurchases by covered corporations and several tax incentives to promote clean energy. The Company is continuing to evaluate the IR Act and its potential impact on future periods, and at this time the Company does not expect the IR Act to have a material impact on its consolidated financial statements.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Apr. 01, 2023
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 December 31, 2022 $ (228,803) $ 8,709 $ (437,353) $ 145,439 $ (512,008) Amounts reclassified from accumulated other comprehensive loss — (4,974) 4,077 1,243 346 Current-period other comprehensive loss activity (9,056) (17,611) (12) (181) (26,860) Total other comprehensive income (loss) (9,056) (22,585) 4,065 1,062 (26,514) Balance at April 1, 2023 $ (237,859) $ (13,876) $ (433,288) $ 146,501 $ (538,522) (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. 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) (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 1, April 2, Write-off of cumulative translation associated with sale of business Income from discontinued operations, net of tax $ — $ 13,473 Gain (loss) on forward foreign exchange contracts designated as cash flow hedges Cost of sales 3,410 1,612 Income tax (1,123) (508) Income from discontinued operations, net of tax — (232) Net of tax 2,287 872 Gain on interest rate contracts designated as cash flow hedges Interest expense, net 10 — Income tax — — Net of tax 10 — Gain (loss) on cross-currency swap contracts designated as cash flow hedges Selling, general and administrative expenses 973 (9,733) Interest expense, net 581 (1,361) Income tax — 1,886 Net of tax 1,554 (9,208) Amortization of deferred actuarial loss and prior service cost Other expenses (4,077) (5,203) Income tax (120) 1,370 Pension activity associated with sale of business Income from discontinued operations, net of tax — (460) Net of tax (4,197) (4,293) Total reclassifications $ (346) $ 844

Financial Instruments and Risk

Financial Instruments and Risk Management	3 Months Ended
	Apr. 01, 2023
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 Euro, Australian dollar, Canadian dollar and Mexican peso and interest rate contracts to manage its exposures to movements in interest rates. 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 1, December 31, U.S. dollar equivalent notional amount of derivative instruments: Forward foreign exchange contracts Cash Flow and $ 348,595 $ 397,908 Interest rate contracts Cash Flow $ 900,000 $ — Cross-currency swap contracts Cash Flow $ — $ 352,920 Cross-currency swap contracts Net Investment $ — $ 335,940 Fair Values of Derivative Instruments The fair values of derivative instruments related to forward foreign exchange contracts, cross-currency swap contracts and interest rate contracts recognized in the Condensed Consolidated Balance Sheets of the Company were as follows: Balance Sheet Location Fair Value April 1, December 31, Derivatives designated as hedging instruments: Forward foreign exchange contracts Other current assets $ 2,575 $ 1,892 Interest rate contracts Other current assets 10 — Cross-currency swap contracts Other current assets — 1,033 Forward foreign exchange contracts Other noncurrent assets — 110 Cross-currency swap contracts Other noncurrent assets — 16,477 Derivatives not designated as hedging instruments: Forward foreign exchange contracts Other current assets 2,707 5,402 Total derivative assets 5,292 24,914 Derivatives designated as hedging instruments: Forward foreign exchange contracts Accrued liabilities (1,684) (1,263) Cross-currency swap contracts Accrued liabilities — (252) Forward foreign exchange contracts Other noncurrent liabilities — (178) Interest rate contracts Other noncurrent liabilities (14,684) — Cross-currency swap contracts Other noncurrent liabilities — (27,753) Derivatives not designated as hedging instruments: Forward foreign exchange contracts Accrued liabilities (4,013) (4,841) Total derivative liabilities (20,381) (34,287) Net derivative liability $ (15,089) $ (9,373) 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. These cross-currency swap contracts, swapped 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. In February 2023, in connection with the redemption of the 3.5% Senior Notes, the Company unwound these cross-currency swap contracts, which had an original maturity date of June 15, 2024. The Company paid $30,935 to settle the cross-currency swap contracts, which was reported in “Net cash from operating activities” in the Condensed Consolidated Statements of Cash Flows. The remaining gain in AOCI of $1,254 was released into earnings at the time of settlement and is recorded in the “Interest expense, net” line in the Condensed Consolidated Statements of Income. In March 2023, the Company entered into an interest rate contract with a total notional amount of $900,000, which amortizes down to $600,000 on March 31, 2025. The Company designated this interest rate contract, which matures on March 31, 2026, to hedge the variability in contractually specified interest rat es above 50 basis points a ssociated with future interest payments on a portion of the Company’s variable- rate term loans t o lock in certainty of future cash flows. The Company expects to reclassify into earnings during the next 12 months a net gain from AOCI of approximately $4,312. The Company is hedging exposure to the variability in future foreign currency-denominated cash flows for forecasted transactions over the next 11 months and the variability in future interest payments on debt over the next 36 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 1, April 2, Forward foreign exchange contracts $ (72) $ (3,186) Interest rate contracts (14,674) — Cross-currency swap contracts (2,865) (4,218) Total $ (17,611) $ (7,404) Location of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI into Income Quarters Ended April 1, April 2, Forward foreign exchange contracts (1) Cost of sales $ 3,410 $ 1,612 Forward foreign exchange contracts (1) Income from discontinued operations, net of tax — (307) Interest rate contracts Interest expense, net 10 — Cross-currency swap contracts (1) Selling, general and administrative expenses 973 (9,733) Cross-currency swap contracts (1) Interest expense, net 581 (1,361) Total $ 4,974 $ (9,789) (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 1, April 2, Cost of sales $ 939,717 $ 991,978 Selling, general and administrative expenses $ 392,374 $ 413,666 Interest expense, net $ 58,452 $ 31,963 Income from discontinued operations, net of tax $ — $ 4,525 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 had an original maturity date of May 15, 2024, swapped 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 was 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 December 31, 2022, the U.S. dollar equivalent carrying value of Euro-denominated long-term debt designated as a partial European net investment hedge was $214,110. In February 2023, in connection with the redemption of the 3.5% Senior Notes, the Company de-designated the remainder of the 3.5% Senior Notes in the European net investment hedge and unwound these cross-currency swap contracts. The Company received $18,942 to settle the cross-currency swap contracts, which was reported in “Net cash from investing activities” in the Condensed Consolidated Statement of Cash Flows. There was a cumulative gain of $5,525 from the designated portion of the 3.5% Senior Notes and a cumulative gain of $19,001 from the cross-currency swap contracts that will remain in cumulative translation adjustment, a component of AO CI, until the net investment in the Company’s EUR-functional subsidiaries is sold, liquidated, or substantially liquidated. The Company does not have any derivative or nonderivative financial instruments designated as net investment hedges as of April 1, 2023. 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 1, April 2, Euro-denominated long-term debt $ (469) $ 4,721 Cross-currency swap contracts 531 1,932 Total $ 62 $ 6,653 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 1, April 2, Euro-denominated long-term debt Income from discontinued operations, net of tax $ — $ (13,348) Cross-currency swap contracts Income from discontinued operations, net of tax — (2,505) Cross-currency swap contracts (amounts excluded from effectiveness testing) Interest expense, net 960 2,012 Total $ 960 $ (13,841) 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 1, April 2, Income from discontinued operations, net of tax $ — $ 4,525 Interest expense, net (amounts excluded from effectiveness testing) $ 58,452 $ 31,963 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 1, April 2, Forward foreign exchange contracts Cost of sales $ (2,260) $ (4,202) Forward foreign exchange contracts Selling, general and administrative expenses 848 292 Total $ (1,412) $ (3,910)

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
	Apr. 01, 2023
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	Fair Value of Assets and Liabilities As of April 1, 2023 and December 31, 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 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 and interest rate derivative contracts are determined using the cash flows of the 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 or disclosed on a quarterly recurring basis. There were no changes during the quarter ended April 1, 2023 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 1, 2023, 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 1, 2023 Total Quoted Prices In Significant Significant Forward foreign exchange contracts - assets $ 5,282 $ — $ 5,282 $ — Interest rate contracts - assets 10 — 10 — Forward foreign exchange contracts - liabilities (5,697) — (5,697) — Interest rate contracts - liabilities (14,684) — (14,684) — Total derivative contracts (15,089) — (15,089) — Deferred compensation plan liability (14,569) — (14,569) — Total $ (29,658) $ — $ (29,658) $ — Assets (Liabilities) at Fair Value as of December 31, 2022 Total Quoted Prices In Significant Significant Forward foreign exchange contracts - assets $ 7,404 $ — $ 7,404 $ — Cross-currency swap contracts - assets 17,510 — 17,510 — Forward foreign exchange contracts - liabilities (6,282) — (6,282) — Cross-currency swap contracts - liabilities (28,005) — (28,005) — Total derivative contracts (9,373) — (9,373) — Deferred compensation plan liability (16,096) — (16,096) — Total $ (25,469) $ — $ (25,469) $ — 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 1, 2023 and December 31, 2022. The carrying amount of trade accounts receivable included allowance for doubtful accounts, chargebacks and other deductions of $54,149 and $52,023 as of April 1, 2023 and December 31, 2022, respectively. The fair value of debt, which is classified as a Level 2 liability, was $3,792,033 and $3,697,856 as of April 1, 2023 and December 31, 2022, respectively. Debt had a carrying value of $3,847,750 and $3,872,275 as of April 1, 2023 and December 31, 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. 01, 2023
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 regarding the U.S. Sheer Hosiery business and the sale of the European Innerwear business. 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 Australia, 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 December 31, 2022. Quarters Ended April 1, April 2, Net sales: Innerwear $ 553,067 $ 578,947 Activewear 314,945 386,937 International 462,857 510,129 Other 58,541 100,143 Total net sales $ 1,389,410 $ 1,576,156 Quarters Ended April 1, April 2, Segment operating profit: Innerwear $ 72,608 $ 102,146 Activewear 9,974 48,984 International 51,349 89,438 Other (4,874) (671) Total segment operating profit 129,057 239,897 Items not included in segment operating profit: General corporate expenses (58,626) (57,228) Restructuring and other action-related charges (6,121) (4,802) Amortization of intangibles (6,991) (7,355) Total operating profit 57,319 170,512 Other expenses (14,771) (987) Interest expense, net (58,452) (31,963) Income (loss) from continuing operations before income tax expense $ (15,904) $ 137,562 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 1, April 2, Cost of sales $ 4,523 $ 499 Selling, general and administrative expenses 1,598 4,303 Total included in operating profit 6,121 4,802 Other expenses 8,350 — Interest expense, net (1,254) — Total included in income (loss) from continuing operations before income tax expense 13,217 4,802 Income tax expense — 816 Total restructuring and other action-related charges $ 13,217 $ 3,986 The components of restructuring and other action-related charges were as follows: Quarters Ended April 1, April 2, Full Potential Plan: Supply chain segmentation $ 4,523 $ 1,020 Technology 3,684 4,459 Professional services 40 7,908 Operating model (1,091) (1,919) Gain on classification of assets held for sale (2,139) (6,528) Other 1,104 (138) Total included in operating profit 6,121 4,802 Loss on extinguishment of debt included in other expenses 8,466 — Gain on final settlement of cross currency swap contracts included in other expenses (116) — Gain on final settlement of cross currency swap contracts included in interest expense, net (1,254) — Total included in income (loss) from continuing operations before income tax expense 13,217 4,802 Tax effect on actions included in income tax expense — 816 Total restructuring and other action-related charges $ 13,217 $ 3,986 Restructuring and other action-related charges within operating profit included $6,121 and $4,802 of charges related to the implementation of the Company’s Full Potential plan in the quarters ended April 1, 2023 and April 2, 2022, respectively. Full Potential plan charges in the quarters ended April 1, 2023 and April 2, 2022 included non-cash gains of $2,139 and $6,528, respectively, to adjust the valuation allowance related to the U.S. Sheer Hosiery business resulting primarily from a decrease in carrying value due to changes in working capital. These valuation allowance adjustments are reflected in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statements of Income. In the quarter ended April 1, 2023, the Company recorded a charge of $8,466 in restructuring and other action-related charges related to the redemption of its 4.625% Senior Notes and 3.5% Senior Notes. The charge, which is recorded in the “Other expenses” line in the Condensed Consolidated Statements of Income, included a payment of $4,632 for a required make-whole premium related to the redemption of the 3.5% Senior Notes and a non-cash charge of $3,834 for the write-off of unamortized debt issuance costs related to the redemption of the 4.625% Senior Notes and the 3.5% Senior Notes. See Note “Debt” for additional information. Additionally, in connection with the redemption of the 3.5% Senior Notes, the Company unwound the related cross-currency swap contracts previously designated as cash flow hedges and the remaining gain in AOCI of $1,254 was released into earnings at the time of settlement which is recorded in the “Interest expense, net” line in the Condensed Consolidated Statements of Income. See Note “Financial Instruments” for additional information.

Assets and Liabilities Held f_2

Assets and Liabilities Held for Sale (Tables)	3 Months Ended
	Apr. 01, 2023
Discontinued Operations and Disposal Groups [Abstract]
Assets and Liabilities Held for Sale	Total current assets and current liabilities classified as held for sale in the Condensed Consolidated Balance Sheets as of April 1, 2023, December 31, 2022 and April 2, 2022 consist of the following: April 1, December 31, April 2, Total current assets held for sale - U.S. Sheer Hosiery business $ 4,986 $ 13,327 $ 7,959 Total current liabilities held for sale - U.S. Sheer Hosiery business $ 4,986 $ 13,327 $ 7,959
Discontinued Operations Tables, Operating Results	The operating results of the discontinued operations only reflect revenues and expenses that are directly attributable to the European Innerwear business. 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 1, April 2, Net sales $ — $ 101,314 Cost of sales — 60,415 Gross profit — 40,899 Selling, general and administrative expenses — 54,689 Gain on sale of business and classification of assets held for sale — (187) Operating loss — (13,603) Other expenses — 283 Interest expense, net — 10 Loss from discontinued operations before income tax benefit — (13,896) Income tax benefit — (18,421) Net income from discontinued operations, net of tax $ — $ 4,525
Discontinued Operations Tables, Cash Flows	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 1, April 2, Capital expenditures $ — $ 715 Gain on sale of business and classification of assets held for sale $ — $ (187)

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Apr. 01, 2023
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 1, April 2, Third-party brick-and-mortar wholesale $ 985,650 $ 1,126,266 Consumer-directed 403,760 449,890 Total net sales $ 1,389,410 $ 1,576,156

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Apr. 01, 2023
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 1, April 2, Basic weighted average shares outstanding 350,435 350,251 Effect of potentially dilutive securities: Stock options — 7 Restricted stock units — 1,190 Employee stock purchase plan and other — 5 Diluted weighted average shares outstanding 350,435 351,453
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 1, April 2, Stock options 250 167 Restricted stock units 4,329 647 Employee stock purchase plan and other 15 —

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Apr. 01, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: April 1, December 31, April 2, Raw materials $ 69,969 $ 69,279 $ 84,734 Work in process 102,837 107,904 121,095 Finished goods 1,796,327 1,802,489 1,614,145 $ 1,969,133 $ 1,979,672 $ 1,819,974

Debt (Tables)

Debt (Tables)	3 Months Ended
	Apr. 01, 2023
Debt Disclosure [Abstract]
Debt	Debt consisted of the following: Interest Rate as of April 1, Principal Amount Maturity Date April 1, December 31, Senior Secured Credit Facility: Revolving Loan Facility 6.39% $ 313,000 $ 352,500 November 2026 Term Loan A 6.41% 968,750 975,000 November 2026 Term Loan B 8.56% 900,000 — March 2030 9.000% Senior Notes 9.00% 600,000 — February 2031 4.875% Senior Notes 4.88% 900,000 900,000 May 2026 4.625% Senior Notes — — 900,000 — 3.5% Senior Notes — — 535,275 — Accounts Receivable Securitization Facility 5.55% 166,000 209,500 June 2023 3,847,750 3,872,275 Less long-term debt issuance costs and debt discount 40,055 13,198 Less current maturities 218,750 247,000 $ 3,588,945 $ 3,612,077

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Apr. 01, 2023
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 December 31, 2022 $ (228,803) $ 8,709 $ (437,353) $ 145,439 $ (512,008) Amounts reclassified from accumulated other comprehensive loss — (4,974) 4,077 1,243 346 Current-period other comprehensive loss activity (9,056) (17,611) (12) (181) (26,860) Total other comprehensive income (loss) (9,056) (22,585) 4,065 1,062 (26,514) Balance at April 1, 2023 $ (237,859) $ (13,876) $ (433,288) $ 146,501 $ (538,522) (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. 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) (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 1, April 2, Write-off of cumulative translation associated with sale of business Income from discontinued operations, net of tax $ — $ 13,473 Gain (loss) on forward foreign exchange contracts designated as cash flow hedges Cost of sales 3,410 1,612 Income tax (1,123) (508) Income from discontinued operations, net of tax — (232) Net of tax 2,287 872 Gain on interest rate contracts designated as cash flow hedges Interest expense, net 10 — Income tax — — Net of tax 10 — Gain (loss) on cross-currency swap contracts designated as cash flow hedges Selling, general and administrative expenses 973 (9,733) Interest expense, net 581 (1,361) Income tax — 1,886 Net of tax 1,554 (9,208) Amortization of deferred actuarial loss and prior service cost Other expenses (4,077) (5,203) Income tax (120) 1,370 Pension activity associated with sale of business Income from discontinued operations, net of tax — (460) Net of tax (4,197) (4,293) Total reclassifications $ (346) $ 844

Financial Instruments and Ris_2

Financial Instruments and Risk Management (Tables)	3 Months Ended
	Apr. 01, 2023
Disclosure Financial Instruments and Risk Management [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	Hedge Type April 1, December 31, U.S. dollar equivalent notional amount of derivative instruments: Forward foreign exchange contracts Cash Flow and $ 348,595 $ 397,908 Interest rate contracts Cash Flow $ 900,000 $ — Cross-currency swap contracts Cash Flow $ — $ 352,920 Cross-currency swap contracts Net Investment $ — $ 335,940
Fair Values of Derivative Instruments	The fair values of derivative instruments related to forward foreign exchange contracts, cross-currency swap contracts and interest rate contracts recognized in the Condensed Consolidated Balance Sheets of the Company were as follows: Balance Sheet Location Fair Value April 1, December 31, Derivatives designated as hedging instruments: Forward foreign exchange contracts Other current assets $ 2,575 $ 1,892 Interest rate contracts Other current assets 10 — Cross-currency swap contracts Other current assets — 1,033 Forward foreign exchange contracts Other noncurrent assets — 110 Cross-currency swap contracts Other noncurrent assets — 16,477 Derivatives not designated as hedging instruments: Forward foreign exchange contracts Other current assets 2,707 5,402 Total derivative assets 5,292 24,914 Derivatives designated as hedging instruments: Forward foreign exchange contracts Accrued liabilities (1,684) (1,263) Cross-currency swap contracts Accrued liabilities — (252) Forward foreign exchange contracts Other noncurrent liabilities — (178) Interest rate contracts Other noncurrent liabilities (14,684) — Cross-currency swap contracts Other noncurrent liabilities — (27,753) Derivatives not designated as hedging instruments: Forward foreign exchange contracts Accrued liabilities (4,013) (4,841) Total derivative liabilities (20,381) (34,287) Net derivative liability $ (15,089) $ (9,373)
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 1, April 2, Forward foreign exchange contracts $ (72) $ (3,186) Interest rate contracts (14,674) — Cross-currency swap contracts (2,865) (4,218) Total $ (17,611) $ (7,404) Location of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI into Income Quarters Ended April 1, April 2, Forward foreign exchange contracts (1) Cost of sales $ 3,410 $ 1,612 Forward foreign exchange contracts (1) Income from discontinued operations, net of tax — (307) Interest rate contracts Interest expense, net 10 — Cross-currency swap contracts (1) Selling, general and administrative expenses 973 (9,733) Cross-currency swap contracts (1) Interest expense, net 581 (1,361) Total $ 4,974 $ (9,789) (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 1, April 2, Cost of sales $ 939,717 $ 991,978 Selling, general and administrative expenses $ 392,374 $ 413,666 Interest expense, net $ 58,452 $ 31,963 Income from discontinued operations, net of tax $ — $ 4,525
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 1, April 2, Euro-denominated long-term debt $ (469) $ 4,721 Cross-currency swap contracts 531 1,932 Total $ 62 $ 6,653 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 1, April 2, Euro-denominated long-term debt Income from discontinued operations, net of tax $ — $ (13,348) Cross-currency swap contracts Income from discontinued operations, net of tax — (2,505) Cross-currency swap contracts (amounts excluded from effectiveness testing) Interest expense, net 960 2,012 Total $ 960 $ (13,841) 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 1, April 2, Income from discontinued operations, net of tax $ — $ 4,525 Interest expense, net (amounts excluded from effectiveness testing) $ 58,452 $ 31,963
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 1, April 2, Forward foreign exchange contracts Cost of sales $ (2,260) $ (4,202) Forward foreign exchange contracts Selling, general and administrative expenses 848 292 Total $ (1,412) $ (3,910)

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Apr. 01, 2023
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 1, 2023 Total Quoted Prices In Significant Significant Forward foreign exchange contracts - assets $ 5,282 $ — $ 5,282 $ — Interest rate contracts - assets 10 — 10 — Forward foreign exchange contracts - liabilities (5,697) — (5,697) — Interest rate contracts - liabilities (14,684) — (14,684) — Total derivative contracts (15,089) — (15,089) — Deferred compensation plan liability (14,569) — (14,569) — Total $ (29,658) $ — $ (29,658) $ — Assets (Liabilities) at Fair Value as of December 31, 2022 Total Quoted Prices In Significant Significant Forward foreign exchange contracts - assets $ 7,404 $ — $ 7,404 $ — Cross-currency swap contracts - assets 17,510 — 17,510 — Forward foreign exchange contracts - liabilities (6,282) — (6,282) — Cross-currency swap contracts - liabilities (28,005) — (28,005) — Total derivative contracts (9,373) — (9,373) — Deferred compensation plan liability (16,096) — (16,096) — Total $ (25,469) $ — $ (25,469) $ —

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Apr. 01, 2023
Segment Reporting [Abstract]
Net Sales	Quarters Ended April 1, April 2, Net sales: Innerwear $ 553,067 $ 578,947 Activewear 314,945 386,937 International 462,857 510,129 Other 58,541 100,143 Total net sales $ 1,389,410 $ 1,576,156
Segment Operating Profit	Quarters Ended April 1, April 2, Segment operating profit: Innerwear $ 72,608 $ 102,146 Activewear 9,974 48,984 International 51,349 89,438 Other (4,874) (671) Total segment operating profit 129,057 239,897 Items not included in segment operating profit: General corporate expenses (58,626) (57,228) Restructuring and other action-related charges (6,121) (4,802) Amortization of intangibles (6,991) (7,355) Total operating profit 57,319 170,512 Other expenses (14,771) (987) Interest expense, net (58,452) (31,963) Income (loss) from continuing operations before income tax expense $ (15,904) $ 137,562
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 1, April 2, Cost of sales $ 4,523 $ 499 Selling, general and administrative expenses 1,598 4,303 Total included in operating profit 6,121 4,802 Other expenses 8,350 — Interest expense, net (1,254) — Total included in income (loss) from continuing operations before income tax expense 13,217 4,802 Income tax expense — 816 Total restructuring and other action-related charges $ 13,217 $ 3,986 The components of restructuring and other action-related charges were as follows: Quarters Ended April 1, April 2, Full Potential Plan: Supply chain segmentation $ 4,523 $ 1,020 Technology 3,684 4,459 Professional services 40 7,908 Operating model (1,091) (1,919) Gain on classification of assets held for sale (2,139) (6,528) Other 1,104 (138) Total included in operating profit 6,121 4,802 Loss on extinguishment of debt included in other expenses 8,466 — Gain on final settlement of cross currency swap contracts included in other expenses (116) — Gain on final settlement of cross currency swap contracts included in interest expense, net (1,254) — Total included in income (loss) from continuing operations before income tax expense 13,217 4,802 Tax effect on actions included in income tax expense — 816 Total restructuring and other action-related charges $ 13,217 $ 3,986

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022	Apr. 02, 2022
Supplier Finance Program [Line Items]
Accounts payable	$ 965,630	$ 917,481	$ 1,204,196
Supplier Finance Program [Member]
Supplier Finance Program [Line Items]
Accounts payable	$ 254,509

Assets and Liabilities Held f_3

Assets and Liabilities Held for Sale - Balance Sheet (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022	Apr. 02, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets held for sale	$ 4,986	$ 13,327	$ 7,959
Current liabilities held for sale	4,986	13,327	7,959
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	4,986	13,327	7,959
Current liabilities held for sale	$ 4,986	$ 13,327	$ 7,959

Assets and Liabilities Held f_4

Assets and Liabilities Held for Sale - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on Sale of Business and Classification of Assets Held For Sale	$ (2,139)	$ (6,715)
Discontinued Operations, Held-for-sale | European Innerwear Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on Sale of Business and Classification of Assets Held For Sale	0	(187)
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 on Sale of Business and Classification of Assets Held For Sale	$ (2,139)	$ (6,528)

Discontinued Operations - Incom

Discontinued Operations - Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on Sale of Business and Classification of Assets Held For Sale	$ (2,139)	$ (6,715)
Net income (loss) from discontinued operations, net of tax	0	4,525
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	0	101,314
Cost of sales	0	60,415
Gross profit	0	40,899
Selling, general and administrative expenses	0	54,689
Gain on Sale of Business and Classification of Assets Held For Sale	0	(187)
Operating loss	0	(13,603)
Other expenses	0	283
Interest expense, net	0	10
Loss from discontinued operations before income tax expense	0	(13,896)
Income tax benefit	0	(18,421)
Net income (loss) from discontinued operations, net of tax	$ 0	$ 4,525

Discontinued Operations - Cash

Discontinued Operations - Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on Sale of Business and Classification of Assets Held For Sale	$ (2,139)	$ (6,715)
Discontinued Operations, Held-for-sale | European Innerwear Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Capital expenditures	0	715
Gain on Sale of Business and Classification of Assets Held For Sale	$ 0	$ (187)

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Disaggregation of Revenue
Net sales	$ 1,389,410	$ 1,576,156
Third-party brick-and-mortar wholesale
Disaggregation of Revenue
Net sales	985,650	1,126,266
Consumer-directed
Disaggregation of Revenue
Net sales	$ 403,760	$ 449,890

Stockholders' Equity Reconcilia

Stockholders' Equity Reconciliation of Basic to Diluted Weighted Average Shares (Details) - shares shares in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Reconciliation of basic to diluted weighted average shares [Line Items]
Basic weighted average shares outstanding	350,435	350,251
Diluted weighted average shares outstanding	350,435	351,453
Stock options
Effect of potentially dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	7
Restricted stock units
Effect of potentially dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	1,190
Employee stock purchase plan and other
Effect of potentially dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	5

Stockholders' Equity (Additiona

Stockholders' Equity (Additional Information) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Feb. 02, 2022	Feb. 06, 2020
Stockholders' Equity [Line Items]
Dividends, Per Share, Declared		$ 0.15
Common stock repurchased, cost		$ 25,018
Payments for Repurchase of Common Stock	$ 0	$ 25,018
Stock options
Stockholders' Equity [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	250	167
Restricted stock units
Stockholders' Equity [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,329	647
Employee stock purchase plan and other
Stockholders' Equity [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	15	0
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
Shares Acquired, Weighted 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

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022	Apr. 02, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 69,969	$ 69,279	$ 84,734
Work in process	102,837	107,904	121,095
Finished goods	1,796,327	1,802,489	1,614,145
Total Inventories	$ 1,969,133	$ 1,979,672	$ 1,819,974

Debt - Summary of Debt (Details

Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022	Apr. 02, 2022	Apr. 01, 2021
Debt Instrument [Line Items]
Long-term debt, gross	$ 3,847,750	$ 3,872,275
Less long-term debt issuance costs and debt discount	40,055	13,198
Long-term Debt, Excluding Current Maturities [Abstract]
Less current maturities	218,750	247,000
Long-term debt	$ 3,588,945	3,612,077	$ 3,325,042
Revolving Loan Facility
Debt Instrument [Line Items]
Interest rate	6.39%
Long-term debt, gross	$ 313,000	352,500
Term Loan A
Debt Instrument [Line Items]
Interest rate	6.41%
Long-term debt, gross	$ 968,750	975,000
Term Loan B
Debt Instrument [Line Items]
Interest rate	8.56%
Long-term debt, gross	$ 900,000	0
9.000% Senior Notes
Debt Instrument [Line Items]
Interest rate	9%
Long-term debt, gross	$ 600,000	0
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	0%
Long-term debt, gross	$ 0	900,000
3.5% Senior Notes
Debt Instrument [Line Items]
Interest rate	0%			3.50%
Long-term debt, gross	$ 0	535,275
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Interest rate	5.55%
Long-term debt, gross	$ 166,000	$ 209,500

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Thousands	3 Months Ended											12 Months Ended
	Dec. 28, 2024 USD ($)	Sep. 28, 2024 USD ($)	Jun. 29, 2024 USD ($)	Mar. 30, 2024 USD ($)	Dec. 30, 2023 USD ($)	Sep. 30, 2023	Jul. 01, 2023	Apr. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)	Oct. 01, 2022	Apr. 02, 2022 USD ($)	Dec. 30, 2023 USD ($)	Jul. 02, 2022 USD ($)
Debt Instrument [Line Items]
Long-term debt, gross								$ 3,847,750	$ 3,872,275
Gain (Loss) on Extinguishment of Debt								(8,466)			$ 0
Capitalized Debt Issuance Cost								22,417
Borrowings on Term Loan Facilities								891,000			0
Revolving Loan Facility
Debt Instrument [Line Items]
Remaining borrowing capacity								682,360
Maximum Borrowing Capacity								1,000,000
Long-term debt, gross								313,000	352,500
Standby and trade letters of credit issued								4,640
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Remaining borrowing capacity								3,406
Maximum Borrowing Capacity								200,000			175,000		$ 225,000
Current Borrowing Capacity								169,406
Long-term debt, gross								166,000	209,500
Term Loan B
Debt Instrument [Line Items]
Long-term debt, gross								900,000	$ 0
Capitalized Debt Issuance Cost								11,715
Debt Instrument, Unamortized Discount (Premium), Net								9,000
Proceeds from Debt, Net of Issuance Costs								$ 879,285
Senior Secured Credit Facility
Debt Instrument [Line Items]
Maximum Leverage Ratio								6.75	5.25
Interest Coverage Ratio								2.60	2.60	3
Limit on Incremental secured indebtedness									$ 1,750
Dividend Payment Cap									75,000
Senior Secured Credit Facility | Subsequent Event [Member]
Debt Instrument [Line Items]
Maximum Leverage Ratio	4.50	4.50	4.50	5	5.25	6.75	7.25
Interest Coverage Ratio	2.75	2.75	2.75	2.50	2	2	2
Limit on Incremental secured indebtedness				$ 1,750								$ 1,750
Dividend Payment Cap	$ 350,000	$ 350,000	$ 350,000	$ 75,000	$ 75,000							$ 75,000
Other International Debt
Debt Instrument [Line Items]
Remaining borrowing capacity								$ 44,383
9.000% Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross								600,000	$ 0
Capitalized Debt Issuance Cost								10,702
Proceeds from Debt, Net of Issuance Costs								589,298
Redemption of 3.5% Senior Notes [Member] | Other Expense
Debt Instrument [Line Items]
Redemption Premium								4,632
Write off of Deferred Debt Issuance Cost								1,654
Redemption of 4.625% Senior Notes [Member] | Other Expense
Debt Instrument [Line Items]
Write off of Deferred Debt Issuance Cost								2,180
Redemption of 4.625% Senior Notes and 3.5% Senior Notes | Other Expense
Debt Instrument [Line Items]
Gain (Loss) on Extinguishment of Debt								(8,466)			$ 0
Write off of Deferred Debt Issuance Cost								$ 3,834

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Effective income tax rate, percent	(116.30%)	17%
Income tax expense	$ 18,500	$ 23,385
Unfavorable discrete tax charges
Income tax expense	$ 7,544	$ 1,874

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Rollforward) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance, net of tax	$ (512,008)
Total other comprehensive income (loss)	(26,514)	$ 34,912
Ending Balance, net of tax	(538,522)	(516,691)
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(228,803)	(134,001)
Amounts reclassified from accumulated other comprehensive loss, before tax	0	(13,473)
Current-period other comprehensive income (loss) activity, before tax	(9,056)	40,770
Total other comprehensive income (loss), before tax	(9,056)	27,297
Ending Balance, before tax	(237,859)	(106,704)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	8,709	5,244
Amounts reclassified from accumulated other comprehensive loss, before tax	(4,974)	9,789
Current-period other comprehensive income (loss) activity, before tax	(17,611)	(7,404)
Total other comprehensive income (loss), before tax	(22,585)	2,385
Ending Balance, before tax	(13,876)	7,629
Defined Benefit Plans
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(437,353)	(569,161)
Amounts reclassified from accumulated other comprehensive loss, before tax	4,077	5,618
Current-period other comprehensive income (loss) activity, before tax	(12)	(40)
Total other comprehensive income (loss), before tax	4,065	5,578
Ending Balance, before tax	(433,288)	(563,583)
Income Taxes
Accumulated Other Comprehensive Income (Loss), Tax [Roll Forward]
Beginning Balance, tax	145,439	146,315
Amounts reclassified from accumulated other comprehensive loss, tax	1,243	(2,778)
Current-period other comprehensive income (loss) activity, tax	(181)	2,430
Total other comprehensive income (loss), tax	1,062	(348)
Ending Balance, tax	146,501	145,967
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance, net of tax	(512,008)	(551,603)
Amounts reclassified from accumulated other comprehensive loss, net of tax	346	(844)
Current-period other comprehensive income (loss) activity, net of tax	(26,860)	35,756
Total other comprehensive income (loss)	(26,514)	34,912
Ending Balance, net of tax	$ (538,522)	$ (516,691)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ (939,717)	$ (991,978)
Selling, general and administrative expenses	(392,374)	(413,666)
Interest expense, net	(58,452)	(31,963)
Other expenses	14,771	987
Income tax expense	(18,500)	(23,385)
Income from discontinued operations, net of tax	0	(4,525)
Net income (loss)	34,404	(118,702)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	(346)	844
Reclassification out of Accumulated Other Comprehensive Income | Cumulative Translation Adjustment
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Income from discontinued operations, net of tax	0	13,473
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	(4,077)	(5,203)
Income tax expense	(120)	1,370
Net income (loss)	(4,197)	(4,293)
Reclassification out of Accumulated Other Comprehensive Income | Pension activity associated with sale of business
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Income from discontinued operations, net of tax	0	(460)
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	3,410	1,612
Income tax expense	(1,123)	(508)
Income from discontinued operations, net of tax	0	(232)
Net income (loss)	2,287	872
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	973	(9,733)
Interest expense, net	581	(1,361)
Income tax expense	0	1,886
Net income (loss)	1,554	(9,208)
Interest Rate 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]
Interest expense, net	10	0
Income tax expense	0	0
Net income (loss)	$ 10	$ 0

Financial Instruments and Ris_3

Financial Instruments and Risk Management - Notional Amounts of Derivative Instruments (Details) € in Thousands, $ in Thousands	Apr. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)	Apr. 01, 2021 EUR (€)	Jul. 10, 2019 EUR (€)
Forward foreign exchange contract | Cash Flow and Mark to Market Hedges
Derivative [Line Items]
Derivative, Notional Amount	$ 348,595	$ 397,908
Interest Rate Contract | Cash Flow Hedge
Derivative [Line Items]
Derivative, Notional Amount	900,000	0
Cross-currency swap contract | Cash Flow Hedge
Derivative [Line Items]
Derivative, Notional Amount	0	352,920	€ 300,000
Cross-currency swap contract | Net Investment Hedge
Derivative [Line Items]
Derivative, Notional Amount	$ 0	$ 335,940		€ 300,000

Financial Instruments and Ris_4

Financial Instruments and Risk Management - Fair Values of Derivative Instruments (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Net fair value of derivative assets and liabilities	$ (15,089)	$ (9,373)
Assets, Total
Derivatives, Fair Value [Line Items]
Total derivative assets	5,292	24,914
Liabilities, Total
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(20,381)	(34,287)
Forward foreign exchange contract | Other Current Assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	2,575	1,892
Forward foreign exchange contract | Other Current Assets | Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	2,707	5,402
Forward foreign exchange contract | Other noncurrent assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	0	110
Forward foreign exchange contract | Accrued liabilities | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(1,684)	(1,263)
Forward foreign exchange contract | Accrued liabilities | Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(4,013)	(4,841)
Forward foreign exchange contract | Other Noncurrent Liabilities | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	0	(178)
Interest Rate Contract | Other Current Assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	10	0
Interest Rate Contract | Other Noncurrent Liabilities | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(14,684)	0
Cross-currency swap contract | Other Current Assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	0	1,033
Cross-currency swap contract | Other noncurrent assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	0	16,477
Cross-currency swap contract | Accrued liabilities | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	0	(252)
Cross-currency swap contract | Other Noncurrent Liabilities | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	$ 0	$ (27,753)

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. 01, 2023	Apr. 02, 2022
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income on Cash Flow Hedges	$ 4,974	$ (9,789)
Cost of sales	939,717	991,978
Selling, general and administrative expenses	392,374	413,666
Interest expense, net	58,452	31,963
Income from discontinued operations, net of tax	0	4,525
Accumulated Other Comprehensive Loss
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Cash Flow Hedges	(17,611)	(7,404)
Forward foreign exchange contract | Accumulated Other Comprehensive Loss
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Cash Flow Hedges	(72)	(3,186)
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	3,410	1,612
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	0	(307)
Cross-currency swap contract | Accumulated Other Comprehensive Loss
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Cash Flow Hedges	(2,865)	(4,218)
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	973	(9,733)
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	581	(1,361)
Interest Rate Contract | Accumulated Other Comprehensive Loss
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Cash Flow Hedges	(14,674)	0
Interest Rate Contract | Interest expense, net
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Income on Cash Flow Hedges	$ 10	$ 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. 01, 2023	Apr. 02, 2022
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Net Investment Hedges	$ 960	$ (13,841)
Income from discontinued operations, net of tax	0	4,525
Interest expense, net	58,452	31,963
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	0	(13,348)
Cross-currency swap contract
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	(2,505)
Amounts of Gain (Loss) Recognized in Income	960	2,012
Accumulated Other Comprehensive Loss
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Net Investment Hedges	62	6,653
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	(469)	4,721
Accumulated Other Comprehensive Loss | Cross-currency swap contract
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Net Investment Hedges	$ 531	$ 1,932

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. 01, 2023	Apr. 02, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Mark to Market Hedges	$ (1,412)	$ (3,910)
Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Mark to Market Hedges	(2,260)	(4,202)
Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Mark to Market Hedges	$ 848	$ 292

Financial Instruments and Ris_8

Financial Instruments and Risk Management - Additional Information (Details) € in Thousands, $ in Thousands			3 Months Ended
	Apr. 01, 2021 EUR (€) numberOfCrossCurrencySwaps	Jul. 10, 2019 EUR (€) numberOfCrossCurrencySwaps	Apr. 01, 2023 USD ($)	Apr. 02, 2022 USD ($)	Mar. 31, 2025 USD ($)	Dec. 31, 2022 USD ($)
Derivative [Line Items]
Net gain (loss) expected to be reclassified into earnings during the next twelve months			$ 4,312
Long-term debt, gross			3,847,750			$ 3,872,275
3.5% Senior Notes
Derivative [Line Items]
Long-term debt, gross			$ 0			535,275
Interest rate on senior notes issued	3.50%		0%
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			$ 0			900,000
Interest rate on senior notes issued			0%
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						214,110
Euro-denominated Long-term Debt | Net Investment Hedge | Cumulative Translation Adjustment
Derivative [Line Items]
Nonderivative used in Net Investment Hedge, Net of Tax			$ 5,525
Forward foreign exchange contract
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge			11 months
Amount of Gain (Loss) Recognized in Income			$ (1,412)	$ (3,910)
Cross-currency swap contract | Interest expense, net
Derivative [Line Items]
Amount of Gain (Loss) Recognized in Income			1,254	$ 0
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		0			352,920
Cross-currency swap contract - fixed interest rate	4.7945%
Payments to Hedge, Operating Activities			30,935
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	0			335,940
Cross-currency swap contract - fixed interest rate		2.3215%
Proceeds from Hedge, Investing Activities			18,942
Cross-currency swap contract | Net Investment Hedge | Cumulative Translation Adjustment
Derivative [Line Items]
Derivatives used in Net Investment Hedge, Net of Tax			$ 19,001
Cross-currency swap contract | Net Investment Hedge | 4.625% Senior Notes
Derivative [Line Items]
Interest rate on senior notes issued		4.625%
Interest Rate Contract
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge			36 months
Interest Rate Contract | Cash Flow Hedge
Derivative [Line Items]
Notional amount of derivative instruments designated in a net investment hedge			$ 900,000			$ 0
Interest Rate Contract | Cash Flow Hedge | Subsequent Event [Member]
Derivative [Line Items]
Notional amount of derivative instruments designated in a net investment hedge					$ 600,000

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. 01, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net fair value of derivative assets and liabilities	$ (15,089)	$ (9,373)
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	(15,089)	(9,373)
Deferred compensation plan liability	(14,569)	(16,096)
Net effect of financial asset less financial liability	(29,658)	(25,469)
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	(15,089)	(9,373)
Deferred compensation plan liability	(14,569)	(16,096)
Net effect of financial asset less financial liability	(29,658)	(25,469)
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	5,282	7,404
Total derivative liabilities	(5,697)	(6,282)
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	5,282	7,404
Total derivative liabilities	(5,697)	(6,282)
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		17,510
Total derivative liabilities		(28,005)
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
Total derivative liabilities		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		17,510
Total derivative liabilities		(28,005)
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
Total derivative liabilities		$ 0
Fair Value, Measurements, Recurring | Interest Rate Contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	10
Total derivative liabilities	(14,684)
Fair Value, Measurements, Recurring | Interest Rate 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
Total derivative liabilities	0
Fair Value, Measurements, Recurring | Interest Rate Contract | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	10
Total derivative liabilities	(14,684)
Fair Value, Measurements, Recurring | Interest Rate Contract | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0
Total derivative liabilities	$ 0

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Additional Information) (Details) - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts Receivable, Allowance for Credit Loss, Current	$ 54,149	$ 52,023
Carrying value of debt	3,847,750	3,872,275
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	$ 3,792,033	$ 3,697,856

Business Segment Information -

Business Segment Information - Net Sales (Details) $ in Thousands	3 Months Ended
	Apr. 01, 2023 USD ($) numberOfSegments	Apr. 02, 2022 USD ($)
Schedule Of Sales Revenue By Business Segment [Line Items]
Number of operating segments | numberOfSegments	3
Net sales	$ 1,389,410	$ 1,576,156
Innerwear
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales	553,067	578,947
Activewear
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales	314,945	386,937
International
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales	462,857	510,129
Other
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales	$ 58,541	$ 100,143

Business Segment Information _2

Business Segment Information - Segment Operating Profit (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Segment operating profit:
Total operating profit	$ 57,319	$ 170,512
Operating profit
General corporate expenses	(58,626)	(57,228)
Amortization of intangibles	(6,991)	(7,355)
Other expenses	(14,771)	(987)
Interest expense, net	(58,452)	(31,963)
Income from continuing operations before income tax expense	(15,904)	137,562
Operating Profit
Operating profit
Restructuring and other action-related charges	(6,121)	(4,802)
Innerwear
Segment operating profit:
Total operating profit	72,608	102,146
Activewear
Segment operating profit:
Total operating profit	9,974	48,984
International
Segment operating profit:
Total operating profit	51,349	89,438
Other
Segment operating profit:
Total operating profit	(4,874)	(671)
Total segment operating profit
Segment operating profit:
Total operating profit	$ 129,057	$ 239,897

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. 01, 2023	Apr. 02, 2022
Cost of sales
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 4,523	$ 499
Selling, general and administrative expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	1,598	4,303
Total included in operating profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	6,121	4,802
Total included in income tax expense (benefit)
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	816
Total restructuring and other action-related charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	13,217	3,986
Income (loss) from continuing operations before income tax expense
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	13,217	4,802
Interest expense, net
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	(1,254)	0
Other Expense
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 8,350	$ 0

Business Segment Information _4

Business Segment Information - Components of Restructuring and Other Action-Related Charges (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Segment Reporting, Other Significant Reconciling Item [Line Items]
Loss on Extinguishment of Debt	$ 8,466	$ 0
Total included in operating profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	6,121	4,802
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	4,523	1,020
Total included in operating profit | Full Potential Plan | Technology
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	3,684	4,459
Total included in operating profit | Full Potential Plan | Professional services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	40	7,908
Total included in operating profit | Full Potential Plan | Operating model
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	(1,091)	(1,919)
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	(2,139)	(6,528)
Total included in operating profit | Full Potential Plan | Other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	1,104	(138)
Total included in income tax expense (benefit)
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	816
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	0	816
Total restructuring and other action-related charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	13,217	3,986
Other Expense
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	8,350	0
Other Expense | Cross-currency swap contract
Segment Reporting, Other Significant Reconciling Item [Line Items]
Amount of Gain (Loss) Recognized in Income	116	0
Other Expense | Redemption of 4.625% Senior Notes and 3.5% Senior Notes
Segment Reporting, Other Significant Reconciling Item [Line Items]
Loss on Extinguishment of Debt	8,466	0
Interest expense, net
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	(1,254)	0
Interest expense, net | Cross-currency swap contract
Segment Reporting, Other Significant Reconciling Item [Line Items]
Amount of Gain (Loss) Recognized in Income	(1,254)	0
Income (loss) from continuing operations before income tax expense
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 13,217	$ 4,802

Business Segment Information _5

Business Segment Information - Restructuring and Other Action-Related Charges - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022	Dec. 31, 2022
Segment Reporting, Other Significant Reconciling Item [Line Items]
Employee termination and other benefits paid	$ 4,135
Gain on Sale of Business and Classification of Assets Held For Sale	(2,139)	$ (6,715)
Employee termination and other benefits	1,600
Gain (Loss) on Extinguishment of Debt	(8,466)	0
Accrued liabilities and other: Other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Other Employee-related Liabilities, Current	13,635		$ 16,170
Operating Profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	6,121	4,802
Selling, general and administrative expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	1,598	4,303
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 on Sale of Business and Classification of Assets Held For Sale	(2,139)	(6,528)
Other Expense
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	8,350	0
Other Expense | Redemption of 4.625% Senior Notes and 3.5% Senior Notes
Segment Reporting, Other Significant Reconciling Item [Line Items]
Gain (Loss) on Extinguishment of Debt	(8,466)	0
Write off of Deferred Debt Issuance Cost	3,834
Other Expense | Redemption of 3.5% Senior Notes [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Redemption Premium	4,632
Write off of Deferred Debt Issuance Cost	1,654
Interest expense, net
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ (1,254)	$ 0