Hanesbrands (HBI) 10-Q 9 May 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 30, 2024	May 03, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001359841
Current Fiscal Year End Date	--12-28
Document Quarterly Report	true
Document Period End Date	Mar. 30, 2024
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		351,563,309

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Income Statement [Abstract]
Net sales	$ 1,156,201	$ 1,389,410
Cost of sales	695,274	939,717
Gross profit	460,927	449,693
Selling, general and administrative expenses	408,821	392,374
Operating profit	52,106	57,319
Other expenses	9,271	14,771
Interest expense, net	66,689	58,452
Loss before income taxes	(23,854)	(15,904)
Income tax expense	15,268	18,500
Net loss	$ (39,122)	$ (34,404)
Loss per share:
Basic	$ (0.11)	$ (0.10)
Diluted	$ (0.11)	$ (0.10)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) [Abstract]
Net loss	$ (39,122)	$ (34,404)
Other comprehensive income (loss):
Translation adjustments	(58,020)	(9,056)
Unrealized gain (loss) on qualifying cash flow hedges, net of tax of $(891) and $941, respectively	10,244	(21,644)
Unrecognized income from pension and postretirement plans, net of tax of $203 and $121, respectively	4,214	4,186
Total other comprehensive loss	(43,562)	(26,514)
Comprehensive loss	$ (82,684)	$ (60,918)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) [Abstract]
Tax portion of unrealized gain (loss) on qualifying cash flow hedges	$ (891)	$ 941
Tax portion of unrecognized income from pension and postretirement plans	$ 203	$ 121

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023	Apr. 01, 2023
Assets
Cash and cash equivalents	$ 191,216	$ 205,501	$ 213,209
Trade accounts receivable, net	555,679	557,729	681,921
Inventories	1,419,309	1,368,018	1,969,133
Other current assets	157,510	144,967	159,724
Current assets held for sale	0	0	4,986
Total current assets	2,323,714	2,276,215	3,028,973
Property, net	398,089	414,366	442,315
Right-of-use assets	399,312	428,918	454,643
Trademarks and other identifiable intangibles, net	1,197,310	1,235,704	1,241,624
Goodwill	1,099,858	1,112,744	1,106,590
Deferred tax assets	21,003	21,954	21,732
Other noncurrent assets	150,390	150,413	136,803
Total assets	5,589,676	5,640,314	6,432,680
Liabilities and Stockholders’ Equity
Accounts payable	816,298	736,252	965,630
Accrued liabilities	477,524	478,676	474,840
Lease liabilities	103,867	110,640	100,266
Accounts Receivable Securitization Facility	17,500	6,000	166,000
Current portion of long-term debt	44,250	59,000	52,750
Current liabilities held for sale	0	0	4,986
Total current liabilities	1,459,439	1,390,568	1,764,472
Long-term debt	3,237,419	3,235,640	3,588,945
Lease liabilities - noncurrent	328,150	354,015	379,365
Pension and postretirement benefits	100,132	104,255	113,649
Other noncurrent liabilities	126,362	136,483	246,723
Total liabilities	5,251,502	5,220,961	6,093,154
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 - 351,562,227, 350,137,826 and 349,530,266, respectively	3,515	3,501	3,495
Additional paid-in capital	354,760	353,367	336,851
Retained earnings	515,772	554,796	537,702
Accumulated other comprehensive loss	(535,873)	(492,311)	(538,522)
Total stockholders’ equity	338,174	419,353	339,526
Total liabilities and stockholders’ equity	$ 5,589,676	$ 5,640,314	$ 6,432,680

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 30, 2024	Dec. 30, 2023	Apr. 01, 2023
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	351,562,227	350,137,826	349,530,266
Common stock, shares outstanding	351,562,227	350,137,826	349,530,266

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 Dec. 31, 2022	$ 398,264	$ 3,490	$ 334,676	$ 572,106	$ (512,008)
Beginning Balance, Shares at Dec. 31, 2022		349,009,000
Net loss	(34,404)			(34,404)
Other comprehensive loss	(26,514)				(26,514)
Stock-based compensation	3,700		3,700
Vesting of restricted stock units and other, shares		521,000
Vesting of restricted stock units and other	(1,520)	$ 5	(1,525)	0
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
Beginning Balance at Dec. 30, 2023	$ 419,353	$ 3,501	353,367	554,796	(492,311)
Beginning Balance, Shares at Dec. 30, 2023	350,137,826	350,138,000
Net loss	$ (39,122)			(39,122)
Other comprehensive loss	(43,562)				(43,562)
Stock-based compensation	4,112		4,112
Vesting of restricted stock units and other, shares		1,424,000
Vesting of restricted stock units and other	(2,607)	$ 14	(2,719)	98
Ending Balance at Mar. 30, 2024	$ 338,174	$ 3,515	$ 354,760	$ 515,772	$ (535,873)
Ending Balance, Shares at Mar. 30, 2024	351,562,227	351,562,000

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Dec. 30, 2023
Operating activities:
Net loss	$ (39,122)	$ (34,404)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation	17,674	17,360
Amortization of acquisition intangibles	4,103	4,186
Other amortization	3,299	2,805
Loss on extinguishment of debt	0	8,466
Gain on classification of assets held for sale	0	(2,139)
Amortization of debt issuance costs and debt discount	2,544	1,973
Other	(2,381)	5,202
Changes in assets and liabilities:
Accounts receivable	(3,294)	51,643
Inventories	(59,379)	7,861
Other assets	(7,554)	(10,761)
Accounts payable	103,065	43,171
Accrued pension and postretirement benefits	181	1,479
Accrued liabilities and other	7,035	(52,305)
Net cash from operating activities	26,171	44,537
Investing activities:
Capital expenditures	(20,257)	(24,244)
Other	28	18,944
Net cash from investing activities	(20,229)	(5,300)
Financing activities:
Borrowings on Term Loan Facilities	0	891,000
Repayments on Term Loan Facilities	(14,750)	(6,250)
Borrowings on Accounts Receivable Securitization Facility	513,500	588,000
Repayments on Accounts Receivable Securitization Facility	(502,000)	(631,500)
Borrowings on Revolving Loan Facilities	316,000	421,500
Repayments on Revolving Loan Facilities	(316,000)	(461,000)
Borrowings on Senior Notes	0	600,000
Repayments on Senior Notes	0	(1,436,884)
Payments to amend and refinance credit facilities	(178)	(27,371)
Other	(4,031)	(1,675)
Net cash from financing activities	(7,459)	(64,180)
Effect of changes in foreign exchange rates on cash	(12,768)	(261)
Change in cash and cash equivalents	(14,285)	(25,204)
Cash and cash equivalents at beginning of year	205,501	238,413	$ 238,413
Cash and cash equivalents at end of period	191,216	213,209
Supplemental Cash Flow Information:
Capital expenditures incurred but not yet paid	3,511		$ 18,550
Right-of-use assets obtained in exchange for lease obligations	$ 10,261	$ 71,776

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation These statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission 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 30, 2023. 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.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 30, 2024
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. 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 and does not currently intend to early adopt the new rules. 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, the obligation amount the buyer has confirmed as valid to the finance provider and a rollforward of the obligation. The accounting rules do not impact the recognition, measurement, or financial statement presentation of supplier finance program obligations. The disclosure of the obligation rollforward is effective for the Company for annual periods beginning in 2024 and all other disclosures were effective for the Company in the first quarter of 2023. While the new accounting rules did not have any impact on the Company’s financial condition, results of operations or cash flows, the adoption of the new accounting rules did result in additional disclosures for the Company beginning in the first quarter of 2023, which are included in Note, “Supplier Finance Program Obligations”. 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 were effective for the Company in the first quarter of 2024. The adoption of the new accounting rules did not have a material impact on the Company’s financial condition, results of operations, cash flows and disclosures. Segment Reporting In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The new accounting rules are designed to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The new accounting rules will be effective for the Company for the annual period of 2024 and interim periods beginning in 2025. Early adoption is permitted. While the new accounting rules will not have any impact on the Company’s financial condition, results of operations or cash flows, the adoption of the new accounting rules will result in additional disclosures. Income Taxes In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” The new accounting rules on income tax disclosures require entities to disclose (1) specific categories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit as separated between domestic and foreign and (3) income tax expense or benefit from continuing operations as separated by federal, state, and foreign. The new accounting rules also require entities to disclose their income tax payments to federal, state and local jurisdictions, and international, among other changes. The new accounting rules will be effective for the Company for the annual periods beginning in 2025 and should be applied on a prospective basis, but retrospective application is permitted. Early adoption is permitted. The Company is currently evaluating the potential impact of adopting the new accounting rules on its consolidated financial statements and related disclosures.

Assets and Liabilities Held for

Assets and Liabilities Held for Sale	3 Months Ended
	Mar. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Assets and Liabilities Held for Sale	Assets and Liabilities Held for Sale Total current assets and current liabilities classified as held for sale in the Condensed Consolidated Balance Sheets consist of the following: March 30, December 30, April 1, Total current assets held for sale - U.S. Sheer Hosiery business $ — $ — $ 4,986 Total current liabilities held for sale - U.S. Sheer Hosiery business $ — $ — $ 4,986 U.S. Sheer Hosiery Business 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 transformation plan and determined that this business met held-for-sale accounting criteria. The Company recorded a non-cash charge in the fourth quarter of 2021 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 2022, the Company recorded a non-cash gain to adjust the valuation allowance primarily resulting from a decrease in carrying value due to changes in working capital. In the quarter ended April 1, 2023, the Company recognized a non-cash gain of $2,139 which was reflected in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statements of Operations, to further adjust the valuation allowance resulting primarily from a decrease in carrying value due to changes in working capital. The assets and liabilities of the U.S. Sheer Hosiery business were presented as held for sale as of April 1, 2023 in the Condensed Consolidated Balance Sheets and the operations of the U.S. Sheer Hosiery business were reported in “Other” for the quarter ended April 1, 2023 in Note “Business Segment Information”. The Company completed the sale of its U.S. Sheer Hosiery business to AllStar Hosiery LLC (“AllStar”), an affiliate of AllStar Marketing Group, LLC, on September 29, 2023 for $3,300 in total proceeds, which included cash of $1,300 and a receivable of $2,000 to be paid by AllStar in 2024. The receivable due from AllStar of $2,000 at March 30, 2024 and December 30, 2023 was included in the “Other current assets” line in the Condensed Consolidated Balance Sheets.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 30, 2024
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 March 30, April 1, Third-party brick-and-mortar wholesale $ 797,869 $ 985,650 Consumer-directed 358,332 403,760 Total net sales $ 1,156,201 $ 1,389,410 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 license 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
	Mar. 30, 2024
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Basic loss per share was computed by dividing net loss by the number of weighted average shares of common stock outstanding during the period. Diluted loss per share was calculated to give effect to all potentially issuable dilutive shares of common stock using the treasury stock method. The weighted average number of shares used in the basic and diluted loss per share calculation is as follows: Quarters Ended March 30, April 1, Basic weighted average shares outstanding 351,576 350,435 Diluted weighted average shares outstanding 351,576 350,435 The following securities were excluded from the diluted weighted average share calculation because their effect would be anti-dilutive: Quarters Ended March 30, April 1, Stock options 250 250 Restricted stock units 3,135 4,329 Employee stock purchase plan and other 3 15 In the quarters ended March 30, 2024 and April 1, 2023, all potentially dilutive securities were excluded from the diluted weighted average share calculation because the Company incurred a net loss for the quarters and their inclusion would be anti-dilutive.

Inventories

Inventories	3 Months Ended
	Mar. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following: March 30, December 30, April 1, Raw materials $ 56,374 $ 51,633 $ 69,969 Work in process 86,552 71,205 102,837 Finished goods 1,276,383 1,245,180 1,796,327 $ 1,419,309 $ 1,368,018 $ 1,969,133

Accounts Receivable and Supplie

Accounts Receivable and Supplier Finance Programs	3 Months Ended
	Mar. 30, 2024
Payables and Accruals [Abstract]
Accounts Receivable and Supplier Finance Programs	Accounts Receivable and Supplier Finance Programs Sales of Trade Accounts Receivable The Company has entered into agreements to sell selected trade accounts receivable to financial institutions based on programs sponsored by the Company as well as working capital programs offered by certain of the Company’s customers. As a result of the strong creditworthiness of these customers, the discount taken on most of these programs is less than the marginal borrowing rate on the Company’s variable rate credit facilities. In all agreements, after the sale, the Company does not retain any beneficial interests in the receivables. The applicable financial institution services and collects the accounts receivable directly from the customer for programs offered by the Company’s customers. For programs sponsored by the Company, the Company maintains continued involvement as the servicer to collect the accounts receivable from the customer and remit payment to the financial institutions. Net proceeds of these accounts receivable sale programs are recognized in the Condensed Consolidated Statements of Cash Flows as part of operating cash flows. During the quarters ended March 30, 2024 and April 1, 2023, the Company sold total trade accounts receivable of $360,314 and $344,577, respectively, related to Company sponsored programs and removed the trade accounts receivable from the Company’s Condensed Consolidated Balance Sheets at the time of sale. As of March 30, 2024, December 30, 2023 and April 1, 2023, $328,925, $297,807 and $248,903, respectively, of the sold trade accounts receivable remain outstanding with the financial institutions as a result of the related servicing obligation. Collections of accounts receivable not yet submitted to the financial institutions are remitted within one week of collection and recognized within the “Accounts payable” line of the Condensed Consolidated Balance Sheets. As these funds are related to the ongoing service agreement and do not serve in a financing capacity, cash flows collected from customers and submitted to the financial institutions are recognized in the Condensed Consolidated Statements of Cash Flows as part of operating activities. The Company recognized total funding fees of $6,107 and $4,467 during the quarters ended March 30, 2024 and April 1, 2023, respectively, for sales of trade accounts receivable to financial institutions and working capital programs in the “Other expenses” line in the Condensed Consolidated Statements of Operations. Supplier Finance Program Obligations 147,002 148,032 254,509

Debt

Debt	3 Months Ended
	Mar. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt Debt consisted of the following: Interest Rate as of March 30, Principal Amount Maturity Date March 30, December 30, Senior Secured Credit Facility: Revolving Loan Facility —% $ — $ — November 2026 Term Loan A 7.93% 925,000 937,500 November 2026 Term Loan B 9.08% 891,000 893,250 March 2030 9.000% Senior Notes 9.00% 600,000 600,000 February 2031 4.875% Senior Notes 4.88% 900,000 900,000 May 2026 Accounts Receivable Securitization Facility 7.27% 17,500 6,000 May 2024 3,333,500 3,336,750 Less long-term debt issuance costs and debt discount 34,331 36,110 Less current maturities 61,750 65,000 $ 3,237,419 $ 3,235,640 As of March 30, 2024 the Company’s primary financing arrangements were the senior secured credit facility (the “Senior Secured Credit Facility”), 9.000% senior notes (the “9.000% Senior Notes”), 4.875% senior notes (the “4.875% Senior Notes”) and the accounts receivable securitization facility (the “ARS Facility”). The outstanding balances at March 30, 2024 and December 30, 2023 are reported in the “Accounts Receivable Securitization Facility”, “Current portion of long-term debt” and “Long-term debt” lines in the Condensed Consolidated Balance Sheets. Debt Refinancing and Amendments In February and March of 2023, the Company refinanced its debt structure to provide greater near-term financial flexibility given the uncertainty within the global 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 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”). 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 in the quarter ended April 1, 2023. The charges, which are recorded in the “Other expenses” line in the Condensed Consolidated Statements of Operations in the quarter ended April 1, 2023, 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 in the quarter ended April 1, 2023 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 in the quarter ended April 1, 2023. Additionally, in 2023, the Company amended the credit agreement governing its Senior Secured Credit Facility prior to any potential future covenant violation in order to modify the financial covenants and to provide greater strategic and operating flexibility. The most recent amendment in 2023 effected changes to certain provisions and covenants under the Senior Secured Credit Facility, including changes to certain covenants and provisions that were previously amended in November 2022 and February 2023, during the period beginning with the fiscal quarter ending December 30, 2023 and continuing through the fiscal quarter ending September 27, 2025, or such earlier date as the Company may elect (such period of time, the “Extended Covenant Relief Period”), including: (a) an extension of the original Covenant Relief Period from March 30, 2024 to September 27, 2025; (b) an increase in the maximum leverage ratio to 6.75 to 1.00 for the quarters ending December 30, 2023 and March 30, 2024, 6.63 to 1.00 for the quarters ending June 29, 2024 and September 28, 2024, 6.38 to 1.00 for the quarter ending December 28, 2024, 5.63 to 1.00 for the quarter ending March 29, 2025, 5.25 to 1.00 for the quarter ending June 28, 2025, and 5.00 to 1.00 for the quarter ending September 27, 2025, reverting back to 4.50 to 1.00 for each quarter after the Extended Covenant Relief Period has ended; and (c) a reduction of the minimum interest coverage ratio to 1.63 to 1.00 for the quarters ending December 30, 2023 through September 28, 2024, 1.75 to 1.00 for the quarter ending December 28, 2024, 2.00 to 1.00 for the quarter ending March 29, 2025, 2.25 to 1.00 for the quarter ending June 28, 2025, and 2.50 to 1.00 for the quarter ending September 27, 2025 and each quarter after the Extended Covenant Relief Period has ended. The amendment also included the following additional baskets and restrictions: (a) an additional basket for permitted asset sales of $60,000; (b) suspended the Company’s reinvestment rights with respect to net proceeds in respect of certain asset sales (including the additional asset sale basket described in (a) above) and casualty and condemnation events (requiring the Company to prepay the credit agreement term loan obligations with such net proceeds, subject to step-downs for such prepayment requirement based on the leverage ratio); (c) reduced the cap on the Company’s general lien basket from $165,000 to $85,000 during the Extended Covenant Relief Period; (d) reduced the maximum amount for incremental facilities secured by a lien to $100,000 during the Extended Covenant Relief Period; and (e) suspended the payment of annual dividends during the Extended Covenant Relief Period, which will revert back to the greater of (x) $350,000 and (y) 8.0% of Total Tangible Assets after the Extended Covenant Relief Period has ended. In addition, the amendment increased the applicable interest rate margins and commitment fee rates based on the leverage ratio during the Extended Covenant Relief Period. Other Debt Related Activity As of March 30, 2024, the Company had $996,413 of borrowing availability under the $1,000,000 Revolving Loan Facility after taking into account $3,587 of standby and trade letters of credit issued and outstanding under this facility. Borrowing availability under the Company’s ARS Facility is subject to a quarterly fluctuating facility limit ranging from $200,000 in the first and second quarters to $225,000 in the third and fourth quarters and permitted only to the extent that the face of the receivables in the collateral pool, net of applicable reserves and other deductions, exceeds the outstanding loans. As of March 30, 2024, the quarterly fluctuating facility limit was $200,000, the maximum borrowing capacity was $86,072 and the Company had $68,572 of borrowing availability under the ARS Facility. The Company had $37,901 of borrowing capacity under other international credit facilities which had no outstanding borrowings at March 30, 2024. The Company had $49,026 of international letters of credit outstanding at March 30, 2024. Available liquidity for other international credit facilities is reduced for any outstanding international letters of credit. The international letters of credit are not outstanding under any specific credit facility and do not reduce actual borrowing capacity under the specific credit facilities.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes In the quarter ended March 30, 2024, income tax expense was $15,268 resulting in an effective income tax rate of (64.0)% and in the quarter ended April 1, 2023, income tax expense was $18,500 resulting in an effective income tax rate of (116.3)%. The Company's effective tax rates for the quarters ended March 30, 2024 and April 1, 2023 primarily differ from the U.S. statutory rate due to valuation allowances against certain net deferred tax assets. Additionally, the Company had favorable discrete items of $138 for the quarter ended March 30, 2024 and unfavorable discrete items of $7,544 for the quarter ended April 1, 2023. 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 went into effect in 2024. While there is uncertainty whether the U.S. will enact legislation to adopt Pillar 2, certain countries in which the Company operates have adopted legislation, and other countries are in the process of introducing legislation to implement Pillar 2. The Company does not expect Pillar 2 to have a material impact on its effective tax rate or its consolidated results of operations, financial position and cash flows for 2024. The Company is continuing to monitor the developing laws of Pillar 2 and its potential impact on future periods.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 30, 2024
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 30, 2023 $ (213,482) $ (5,967) $ (419,835) $ 146,973 $ (492,311) Amounts reclassified from accumulated other comprehensive loss — (4,639) 3,929 1,032 322 Current-period other comprehensive income (loss) activity (58,020) 15,774 82 (1,720) (43,884) Total other comprehensive income (loss) (58,020) 11,135 4,011 (688) (43,562) Balance at March 30, 2024 $ (271,502) $ 5,168 $ (415,824) $ 146,285 $ (535,873) 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. The Company had the following reclassifications out of AOCI: Component of AOCI Location of Reclassification from AOCI Amount of Reclassification from AOCI into Net Income (Loss) Quarters Ended March 30, April 1, Gain on forward foreign exchange contracts designated as cash flow hedges Cost of sales $ 2,543 $ 3,410 Income tax (794) (1,123) Net of tax 1,749 2,287 Gain on interest rate contracts designated as cash flow hedges Interest expense, net 2,096 10 Income tax — — Net of tax 2,096 10 Gain on cross-currency swap contracts designated as cash flow hedges Selling, general and administrative expenses — 973 Interest expense, net — 581 Income tax — — Net of tax — 1,554 Amortization of deferred actuarial loss and prior service cost Other expenses (3,929) (4,077) Income tax (238) (120) Net of tax (4,167) (4,197) Total reclassifications $ (322) $ (346)

Financial Instruments and Risk

Financial Instruments and Risk Management	3 Months Ended
	Mar. 30, 2024
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 has used cross-currency swap contracts to manage its exposures to movements in foreign exchange rates primarily related to the Australian dollar, Euro, Japanese Yen, Mexican peso and Canadian dollar and uses interest rate contracts to manage its exposures to movements in interest rates. The Company has also used 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 March 30, December 30, U.S. dollar equivalent notional amount of derivative instruments: Forward foreign exchange contracts Cash Flow and $ 272,313 $ 308,760 Interest rate contracts Cash Flow $ 900,000 $ 900,000 Fair Values of Derivative Instruments The fair values of derivative instruments related to forward foreign exchange contracts and interest rate contracts recognized in the Condensed Consolidated Balance Sheets of the Company were as follows: Balance Sheet Location Fair Value March 30, December 30, Derivatives designated as hedging instruments: Forward foreign exchange contracts Other current assets $ 2,354 $ 57 Interest rate contracts Other current assets 23 23 Forward foreign exchange contracts Other noncurrent assets 117 — Interest rate contracts Other noncurrent assets 2,250 — Derivatives not designated as hedging instruments: Forward foreign exchange contracts Other current assets 2,789 142 Total derivative assets 7,533 222 Derivatives designated as hedging instruments: Forward foreign exchange contracts Accrued liabilities (454) (2,508) Forward foreign exchange contracts Other noncurrent liabilities (3) (290) Interest rate contracts Other noncurrent liabilities — (5,929) Derivatives not designated as hedging instruments: Forward foreign exchange contracts Accrued liabilities (555) (2,784) Total derivative liabilities (1,012) (11,511) Net derivative asset (liability) $ 6,521 $ (11,289) Cash Flow Hedges The Company uses forward foreign exchange contracts and has used 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. The Company also uses interest rate contracts to reduce the effect of the variability in future interest payments on variable-rate debt to lock in certainty of future cash flows. 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 in the quarter ended April 1, 2023. 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 Operations in the quarter ended April 1, 2023. The Company had no cross-currency swap contracts designated as cash flow hedges as of March 30, 2024 or December 30, 2023. 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 $10,846. The Company is hedging exposure to the variability in future foreign currency-denominated cash flows for forecasted transactions over the next 14 months and the variability in future interest payments on debt over the next 24 months. The effect of derivative instruments designated as cash flow hedges on the Condensed Consolidated Statements of Operations and AOCI is as follows: Amount of Gain (Loss) Recognized in AOCI on Derivative Instruments Quarters Ended March 30, April 1, Forward foreign exchange contracts $ 5,499 $ (72) Interest rate contracts 10,275 (14,674) Cross-currency swap contracts — (2,865) Total $ 15,774 $ (17,611) Location of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI Quarters Ended March 30, April 1, Forward foreign exchange contracts (1) Cost of sales $ 2,543 $ 3,410 Interest rate contracts Interest expense, net 2,096 10 Cross-currency swap contracts (1) Selling, general and administrative expenses — 973 Cross-currency swap contracts (1) Interest expense, net — 581 Total $ 4,639 $ 4,974 (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 Operations in which the effects of cash flow hedges are recorded: Quarters Ended March 30, April 1, Cost of sales $ 695,274 $ 939,717 Selling, general and administrative expenses $ 408,821 $ 392,374 Interest expense, net $ 66,689 $ 58,452 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. 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 Statements of Cash Flows in the quarter ended April 1, 2023. 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 had no derivative or nonderivative financial instruments designated as net investment hedges as of March 30, 2024 or December 30, 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 March 30, April 1, Euro-denominated long-term debt $ — $ (469) Cross-currency swap contracts — 531 Total $ — $ 62 The effect of derivative instruments designated as net investment hedges on the Condensed Consolidated Statements of Operations are as follows: Location of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI Quarters Ended March 30, April 1, Cross-currency swap contracts (amounts excluded from effectiveness testing) Interest expense, net $ — $ 960 The following table presents the amounts in the Condensed Consolidated Statements of Operations in which the effects of net investment hedges are recorded: Quarters Ended March 30, April 1, Interest expense, net (amounts excluded from effectiveness testing) $ 66,689 $ 58,452 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 Operations is as follows: Location of Gain (Loss) Amount of Gain (Loss) Recognized Quarters Ended March 30, April 1, Forward foreign exchange contracts Cost of sales $ 4,021 $ (2,260) Forward foreign exchange contracts Selling, general and administrative expenses — 848 Total $ 4,021 $ (1,412)

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	Fair Value of Assets and Liabilities As of March 30, 2024 and December 30, 2023, the Company held certain financial assets and liabilities that are required to be measured at fair value on a recurring basis. These consisted of the Company’s derivative instruments related to forward foreign exchange derivative contracts, interest rate derivative contracts and deferred compensation plan liabilities. The fair values of forward foreign exchange derivative contracts are determined using the cash flows of the forward contracts, discount rates to account for the passage of time and current foreign exchange market data which are all based on inputs readily available in public markets and are categorized as Level 2. The fair values of interest rate derivative contracts are determined using the cash flows of the contracts, discount rates to account for the passage of time, current 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 March 30, 2024 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 March 30, 2024, 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 March 30, 2024 Total Quoted Prices In Significant Significant Forward foreign exchange contracts - assets $ 5,260 $ — $ 5,260 $ — Interest rate contracts - assets 2,273 — 2,273 — Forward foreign exchange contracts - liabilities (1,012) — (1,012) — Total derivative contracts 6,521 — 6,521 — Deferred compensation plan liability (12,167) — (12,167) — Total $ (5,646) $ — $ (5,646) $ — Assets (Liabilities) at Fair Value as of December 30, 2023 Total Quoted Prices In Significant Significant Forward foreign exchange contracts - assets $ 199 $ — $ 199 $ — Interest rate contracts - assets 23 — 23 — Forward foreign exchange contracts - liabilities (5,582) — (5,582) — Interest rate contracts - liabilities (5,929) — (5,929) — Total derivative contracts (11,289) — (11,289) — Deferred compensation plan liability (16,001) — (16,001) — Total $ (27,290) $ — $ (27,290) $ — Fair Value of Financial Instruments The carrying amounts of cash and cash equivalents, trade accounts receivable and accounts payable approximated fair value as of March 30, 2024 and December 30, 2023. The carrying amount of trade accounts receivable included allowance for doubtful accounts, chargebacks and other deductions of $43,211 and $50,174 as of March 30, 2024 and December 30, 2023, respectively. The fair value of debt, which is classified as a Level 2 liability, was $3,314,816 and $3,259,299 as of March 30, 2024 and December 30, 2023, respectively. Debt had a carrying value of $3,333,500 and $3,336,750 as of March 30, 2024 and December 30, 2023, 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
	Mar. 30, 2024
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 which was sold on September 29, 2023 and certain sales from its supply chain to the European Innerwear business which was sold on March 5, 2022. See Note “Assets and Liabilities Held for Sale” for additional information regarding the U.S. Sheer Hosiery 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 30, 2023. Quarters Ended March 30, April 1, Net sales: Innerwear $ 506,843 $ 553,067 Activewear 217,749 314,945 International 406,031 462,857 Other 25,578 58,541 Total net sales $ 1,156,201 $ 1,389,410 Quarters Ended March 30, April 1, Segment operating profit: Innerwear $ 111,052 $ 72,608 Activewear 1,109 9,974 International 49,882 51,349 Other (9,577) (4,874) Total segment operating profit 152,466 129,057 Items not included in segment operating profit: General corporate expenses (61,237) (58,626) Restructuring and other action-related charges (31,721) (6,121) Amortization of intangibles (7,402) (6,991) Total operating profit 52,106 57,319 Other expenses (9,271) (14,771) Interest expense, net (66,689) (58,452) Loss before income taxes $ (23,854) $ (15,904) The Company incurred restructuring and other action-related charges that were reported in the following lines in the Condensed Consolidated Statements of Operations: Quarters Ended March 30, April 1, Cost of sales $ 506 $ 4,523 Selling, general and administrative expenses 31,215 1,598 Total included in operating profit 31,721 6,121 Other expenses — 8,350 Interest expense, net — (1,254) Total included in loss before income taxes 31,721 13,217 Income tax expense — — Total restructuring and other action-related charges $ 31,721 $ 13,217 The components of restructuring and other action-related charges were as follows: Quarters Ended March 30, April 1, Global Champion performance plan $ 16,752 $ — Full Potential transformation plan: Headcount actions and related severance 12,187 (1,091) Supply chain segmentation 2,107 4,523 Professional services 490 40 Technology 181 3,684 Gain on classification of assets held for sale — (2,139) Other 4 1,104 Total Full Potential transformation plan 14,969 6,121 Total included in operating profit 31,721 6,121 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 loss before income taxes 31,721 13,217 Tax effect on actions — — Total restructuring and other action-related charges $ 31,721 $ 13,217 In the quarter ended March 30, 2024, restructuring and other action-related charges within operating profit included $16,752 associated with the Company’s global Champion performance plan. The global Champion performance plan includes actions and related charges regarding the Company’s accelerated and enhanced strategic initiatives to further streamline the operations and position the brand for long term profitable growth and the evaluation of strategic alternatives for the global Champion business. The charges in the quarter ended March 30, 2024 included $16,449 primarily related to professional fees along with severance and other costs, which are reflected in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statements of Operations and $303 related to supply chain charges, which are reflected in the “Cost of Sales” line in the Condensed Consolidated Statements of Operations. Restructuring and other action-related charges within operating profit also included $14,969 and $6,121 of charges related to the Company’s Full Potential transformation plan in the quarters ended March 30, 2024 and April 1, 2023, respectively. Full Potential transformation plan charges in the quarter ended March 30, 2024 included $12,187 related to headcount actions and related severance resulting from operating model initiatives and $1,940 related to supply chain segmentation charges to align the Company’s distribution network with its Full Potential transformation plan initiatives, which are reflected in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statements of Operations. Full potential transformation plan charges in the quarters ended March 30, 2024 and April 1, 2023 also included charges of $167 and $4,523, respectively, which are reflected in the “Cost of Sales” line in the Condensed Consolidated Statements of Operations, related to supply chain segmentation charges to restructure and position the Company’s manufacturing network to align with its Full potential transformation plan demand trends. Full Potential transformation plan charges in the quarter ended April 1, 2023 included a non-cash gain of $2,139, which are reflected in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statements of Operations, to adjust the valuation allowance related to the U.S. Sheer Hosiery business resulting primarily from changes in carrying value due to changes in working capital. See Note “Assets and Liabilities Held for Sale” for additional information regarding the U.S. Sheer Hosiery business. The remaining Full Potential transformation plan restructuring and other action-related charges within operating profit include technology charges which relate to the implementation of the Company’s technology modernization initiative including the implementation of a global enterprise resource planning platform and charges for professional services primarily including consulting and advisory services related to the Full Potential transformation plan. 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 Operations, 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 the quarter ended April 1, 2023, 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 Operations. See Note “Financial Instruments” for additional information. At December 30, 2023, the Company had an accrual of $10,890 for expected benefit payments related to actions taken in prior years. During the quarter ended March 30, 2024, the Company approved actions related to the Company’s global Champion performance plan and actions to align the Company’s workforce and manufacturing and distribution network with its Full Potential transformation plan initiatives resulting in charges of $12,675 for employee termination and other benefits for employees affected by the actions. These charges are included in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statements of Operations and are reflected in the “Global Champion performance plan” and the “Headcount actions and related severance” lines in the restructuring and other action-related charges table above. During the quarter ended March 30, 2024, the Company made benefit payments and other adjustments of $7,335, resulting in an ending accrual of $16,230 which is included in the “Accrued liabilities” line of the Condensed Consolidated Balance Sheets at March 30, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Pay vs Performance Disclosure
Net loss	$ (39,122)	$ (34,404)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Assets and Liabilities Held f_2

Assets and Liabilities Held for Sale (Tables)	3 Months Ended
	Mar. 30, 2024
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 consist of the following: March 30, December 30, April 1, Total current assets held for sale - U.S. Sheer Hosiery business $ — $ — $ 4,986 Total current liabilities held for sale - U.S. Sheer Hosiery business $ — $ — $ 4,986

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 30, 2024
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 March 30, April 1, Third-party brick-and-mortar wholesale $ 797,869 $ 985,650 Consumer-directed 358,332 403,760 Total net sales $ 1,156,201 $ 1,389,410

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 30, 2024
Equity [Abstract]
Schedule of Basic and Diluted Weighted Average Shares Outstanding	The weighted average number of shares used in the basic and diluted loss per share calculation is as follows: Quarters Ended March 30, April 1, Basic weighted average shares outstanding 351,576 350,435 Diluted weighted average shares outstanding 351,576 350,435
Schedule of Antidilutive Securities Excluded from the Diluted Weighted Average Share Calculation	The following securities were excluded from the diluted weighted average share calculation because their effect would be anti-dilutive: Quarters Ended March 30, April 1, Stock options 250 250 Restricted stock units 3,135 4,329 Employee stock purchase plan and other 3 15

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: March 30, December 30, April 1, Raw materials $ 56,374 $ 51,633 $ 69,969 Work in process 86,552 71,205 102,837 Finished goods 1,276,383 1,245,180 1,796,327 $ 1,419,309 $ 1,368,018 $ 1,969,133

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt consisted of the following: Interest Rate as of March 30, Principal Amount Maturity Date March 30, December 30, Senior Secured Credit Facility: Revolving Loan Facility —% $ — $ — November 2026 Term Loan A 7.93% 925,000 937,500 November 2026 Term Loan B 9.08% 891,000 893,250 March 2030 9.000% Senior Notes 9.00% 600,000 600,000 February 2031 4.875% Senior Notes 4.88% 900,000 900,000 May 2026 Accounts Receivable Securitization Facility 7.27% 17,500 6,000 May 2024 3,333,500 3,336,750 Less long-term debt issuance costs and debt discount 34,331 36,110 Less current maturities 61,750 65,000 $ 3,237,419 $ 3,235,640

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 30, 2024
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 30, 2023 $ (213,482) $ (5,967) $ (419,835) $ 146,973 $ (492,311) Amounts reclassified from accumulated other comprehensive loss — (4,639) 3,929 1,032 322 Current-period other comprehensive income (loss) activity (58,020) 15,774 82 (1,720) (43,884) Total other comprehensive income (loss) (58,020) 11,135 4,011 (688) (43,562) Balance at March 30, 2024 $ (271,502) $ 5,168 $ (415,824) $ 146,285 $ (535,873) 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.
Schedule of Reclassifications out of Accumulated Other Comprehensive Loss	The Company had the following reclassifications out of AOCI: Component of AOCI Location of Reclassification from AOCI Amount of Reclassification from AOCI into Net Income (Loss) Quarters Ended March 30, April 1, Gain on forward foreign exchange contracts designated as cash flow hedges Cost of sales $ 2,543 $ 3,410 Income tax (794) (1,123) Net of tax 1,749 2,287 Gain on interest rate contracts designated as cash flow hedges Interest expense, net 2,096 10 Income tax — — Net of tax 2,096 10 Gain on cross-currency swap contracts designated as cash flow hedges Selling, general and administrative expenses — 973 Interest expense, net — 581 Income tax — — Net of tax — 1,554 Amortization of deferred actuarial loss and prior service cost Other expenses (3,929) (4,077) Income tax (238) (120) Net of tax (4,167) (4,197) Total reclassifications $ (322) $ (346)

Financial Instruments and Ris_2

Financial Instruments and Risk Management (Tables)	3 Months Ended
	Mar. 30, 2024
Disclosure Financial Instruments and Risk Management [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	Hedge Type March 30, December 30, U.S. dollar equivalent notional amount of derivative instruments: Forward foreign exchange contracts Cash Flow and $ 272,313 $ 308,760 Interest rate contracts Cash Flow $ 900,000 $ 900,000
Fair Values of Derivative Instruments	The fair values of derivative instruments related to forward foreign exchange contracts and interest rate contracts recognized in the Condensed Consolidated Balance Sheets of the Company were as follows: Balance Sheet Location Fair Value March 30, December 30, Derivatives designated as hedging instruments: Forward foreign exchange contracts Other current assets $ 2,354 $ 57 Interest rate contracts Other current assets 23 23 Forward foreign exchange contracts Other noncurrent assets 117 — Interest rate contracts Other noncurrent assets 2,250 — Derivatives not designated as hedging instruments: Forward foreign exchange contracts Other current assets 2,789 142 Total derivative assets 7,533 222 Derivatives designated as hedging instruments: Forward foreign exchange contracts Accrued liabilities (454) (2,508) Forward foreign exchange contracts Other noncurrent liabilities (3) (290) Interest rate contracts Other noncurrent liabilities — (5,929) Derivatives not designated as hedging instruments: Forward foreign exchange contracts Accrued liabilities (555) (2,784) Total derivative liabilities (1,012) (11,511) Net derivative asset (liability) $ 6,521 $ (11,289)
Effect of Cash Flow Hedge Derivative Instruments	The effect of derivative instruments designated as cash flow hedges on the Condensed Consolidated Statements of Operations and AOCI is as follows: Amount of Gain (Loss) Recognized in AOCI on Derivative Instruments Quarters Ended March 30, April 1, Forward foreign exchange contracts $ 5,499 $ (72) Interest rate contracts 10,275 (14,674) Cross-currency swap contracts — (2,865) Total $ 15,774 $ (17,611) Location of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI Quarters Ended March 30, April 1, Forward foreign exchange contracts (1) Cost of sales $ 2,543 $ 3,410 Interest rate contracts Interest expense, net 2,096 10 Cross-currency swap contracts (1) Selling, general and administrative expenses — 973 Cross-currency swap contracts (1) Interest expense, net — 581 Total $ 4,639 $ 4,974 (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 Operations in which the effects of cash flow hedges are recorded: Quarters Ended March 30, April 1, Cost of sales $ 695,274 $ 939,717 Selling, general and administrative expenses $ 408,821 $ 392,374 Interest expense, net $ 66,689 $ 58,452
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 March 30, April 1, Euro-denominated long-term debt $ — $ (469) Cross-currency swap contracts — 531 Total $ — $ 62 The effect of derivative instruments designated as net investment hedges on the Condensed Consolidated Statements of Operations are as follows: Location of Gain (Loss) Amount of Gain (Loss) Reclassified from AOCI Quarters Ended March 30, April 1, Cross-currency swap contracts (amounts excluded from effectiveness testing) Interest expense, net $ — $ 960 The following table presents the amounts in the Condensed Consolidated Statements of Operations in which the effects of net investment hedges are recorded: Quarters Ended March 30, April 1, Interest expense, net (amounts excluded from effectiveness testing) $ 66,689 $ 58,452
Effect of Mark to Market Hedge Derivative Instruments	The effect of derivative instruments not designated as hedges on the Condensed Consolidated Statements of Operations is as follows: Location of Gain (Loss) Amount of Gain (Loss) Recognized Quarters Ended March 30, April 1, Forward foreign exchange contracts Cost of sales $ 4,021 $ (2,260) Forward foreign exchange contracts Selling, general and administrative expenses — 848 Total $ 4,021 $ (1,412)

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 30, 2024
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 March 30, 2024 Total Quoted Prices In Significant Significant Forward foreign exchange contracts - assets $ 5,260 $ — $ 5,260 $ — Interest rate contracts - assets 2,273 — 2,273 — Forward foreign exchange contracts - liabilities (1,012) — (1,012) — Total derivative contracts 6,521 — 6,521 — Deferred compensation plan liability (12,167) — (12,167) — Total $ (5,646) $ — $ (5,646) $ — Assets (Liabilities) at Fair Value as of December 30, 2023 Total Quoted Prices In Significant Significant Forward foreign exchange contracts - assets $ 199 $ — $ 199 $ — Interest rate contracts - assets 23 — 23 — Forward foreign exchange contracts - liabilities (5,582) — (5,582) — Interest rate contracts - liabilities (5,929) — (5,929) — Total derivative contracts (11,289) — (11,289) — Deferred compensation plan liability (16,001) — (16,001) — Total $ (27,290) $ — $ (27,290) $ —

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 30, 2024
Segment Reporting [Abstract]
Net Sales	Quarters Ended March 30, April 1, Net sales: Innerwear $ 506,843 $ 553,067 Activewear 217,749 314,945 International 406,031 462,857 Other 25,578 58,541 Total net sales $ 1,156,201 $ 1,389,410
Segment Operating Profit	Quarters Ended March 30, April 1, Segment operating profit: Innerwear $ 111,052 $ 72,608 Activewear 1,109 9,974 International 49,882 51,349 Other (9,577) (4,874) Total segment operating profit 152,466 129,057 Items not included in segment operating profit: General corporate expenses (61,237) (58,626) Restructuring and other action-related charges (31,721) (6,121) Amortization of intangibles (7,402) (6,991) Total operating profit 52,106 57,319 Other expenses (9,271) (14,771) Interest expense, net (66,689) (58,452) Loss before income taxes $ (23,854) $ (15,904)
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 Operations: Quarters Ended March 30, April 1, Cost of sales $ 506 $ 4,523 Selling, general and administrative expenses 31,215 1,598 Total included in operating profit 31,721 6,121 Other expenses — 8,350 Interest expense, net — (1,254) Total included in loss before income taxes 31,721 13,217 Income tax expense — — Total restructuring and other action-related charges $ 31,721 $ 13,217 The components of restructuring and other action-related charges were as follows: Quarters Ended March 30, April 1, Global Champion performance plan $ 16,752 $ — Full Potential transformation plan: Headcount actions and related severance 12,187 (1,091) Supply chain segmentation 2,107 4,523 Professional services 490 40 Technology 181 3,684 Gain on classification of assets held for sale — (2,139) Other 4 1,104 Total Full Potential transformation plan 14,969 6,121 Total included in operating profit 31,721 6,121 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 loss before income taxes 31,721 13,217 Tax effect on actions — — Total restructuring and other action-related charges $ 31,721 $ 13,217

Assets and Liabilities Held f_3

Assets and Liabilities Held for Sale - Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023	Apr. 01, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets held for sale	$ 0	$ 0	$ 4,986
Current liabilities held for sale	0	0	4,986
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	0	0	4,986
Current liabilities held for sale	$ 0	$ 0	$ 4,986

Assets and Liabilities Held f_4

Assets and Liabilities Held for Sale - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Dec. 30, 2023	Sep. 29, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on classification of assets held for sale	$ 0	$ (2,139)
Disposal Group, Disposed of by Sale | U.S. Sheer Hosiery business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total proceeds				$ 3,300
Disposal Group, Disposed of by Sale | U.S. Sheer Hosiery business | Other current assets
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total proceeds	$ 2,000		$ 2,000
Disposal Group, Disposed of by Sale | U.S. Sheer Hosiery business | Cash proceeds
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total proceeds				1,300
Disposal Group, Disposed of by Sale | U.S. Sheer Hosiery business | Noncash proceeds
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total proceeds				$ 2,000
Full Potential transformation plan | Gain on classification of assets held for sale | Continuing Operations, Disposal Group, Held-for-sale | U.S. Sheer Hosiery business | Selling, general and administrative expenses
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on classification of assets held for sale		$ (2,139)

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Disaggregation of Revenue
Net sales	$ 1,156,201	$ 1,389,410
Third-party brick-and-mortar wholesale
Disaggregation of Revenue
Net sales	797,869	985,650
Consumer-directed
Disaggregation of Revenue
Net sales	$ 358,332	$ 403,760

Stockholders' Equity Schedule o

Stockholders' Equity Schedule of Basic and Diluted Weighted Average Shares (Details) - shares shares in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Basic weighted average shares outstanding	351,576	350,435
Diluted weighted average shares outstanding	351,576	350,435

Stockholders' Equity Anti-Dilut

Stockholders' Equity Anti-Dilutive Securities (Details) - shares shares in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Stock options
Antidilutive securities excluded from the diluted weighted average share calculation [Line Items]
Antidilutive securities excluded from the diluted weighted average share calculation	250	250
Restricted stock units
Antidilutive securities excluded from the diluted weighted average share calculation [Line Items]
Antidilutive securities excluded from the diluted weighted average share calculation	3,135	4,329
Employee stock purchase plan and other
Antidilutive securities excluded from the diluted weighted average share calculation [Line Items]
Antidilutive securities excluded from the diluted weighted average share calculation	3	15

Stockholders' Equity (Additiona

Stockholders' Equity (Additional Information) (Details) - 2022 Share Repurchase Program - USD ($) $ in Thousands	Mar. 30, 2024	Feb. 02, 2022
Share Repurchase Program [Line Items]
Share repurchase program, authorized repurchase amount		$ 600,000
Share repurchase program, remaining authorized repurchase amount	$ 575,013

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023	Apr. 01, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 56,374	$ 51,633	$ 69,969
Work in process	86,552	71,205	102,837
Finished goods	1,276,383	1,245,180	1,796,327
Total Inventories	$ 1,419,309	$ 1,368,018	$ 1,969,133

Accounts Receivable and Suppl_2

Accounts Receivable and Supplier Finance Programs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Dec. 30, 2023
Accounts Receivable and Supplier Finance Programs [Line Items]
Trade accounts receivable, sold to financial institutions	$ 360,314	$ 344,577
Trade accounts receivable sold, outstanding with financial institutions	328,925	248,903	$ 297,807
Supplier finance program, obligation, current	$ 147,002	$ 254,509	$ 148,032
Supplier finance program, obligation, current, location in Condensed Consolidated Balance Sheets	Accounts payable	Accounts payable	Accounts payable
Other expenses
Accounts Receivable and Supplier Finance Programs [Line Items]
Funding fees recognized for sales of trade accounts receivable to financial institutions and working capital programs	$ 6,107	$ 4,467

Debt - Summary of Debt (Details

Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023	Apr. 01, 2023
Debt Instrument [Line Items]
Long-term debt, gross	$ 3,333,500	$ 3,336,750
Less long-term debt issuance costs and debt discount	34,331	36,110
Less current maturities	61,750	65,000
Long-term debt	$ 3,237,419	3,235,640	$ 3,588,945
Revolving Loan Facility
Debt Instrument [Line Items]
Interest rate	0%
Long-term debt, gross	$ 0	0
Term Loan A
Debt Instrument [Line Items]
Interest rate	7.93%
Long-term debt, gross	$ 925,000	937,500
Term Loan B
Debt Instrument [Line Items]
Interest rate	9.08%
Long-term debt, gross	$ 891,000	893,250
9.000% Senior Notes
Debt Instrument [Line Items]
Interest rate	9%
Long-term debt, gross	$ 600,000	600,000
4.875% Senior Notes
Debt Instrument [Line Items]
Interest rate	4.88%
Long-term debt, gross	$ 900,000	900,000
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Interest rate	7.27%
Long-term debt, gross	$ 17,500	$ 6,000

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Thousands	3 Months Ended
	Jan. 03, 2026	Sep. 27, 2025	Jun. 28, 2025	Mar. 29, 2025	Dec. 28, 2024	Sep. 28, 2024	Jun. 29, 2024	Mar. 30, 2024 USD ($)	Dec. 30, 2023	Sep. 30, 2023 USD ($)	Apr. 01, 2023 USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt								$ 0			$ 8,466
Capitalized debt issuance costs											22,417
Term Loan B
Debt Instrument [Line Items]
Debt instrument, face amount								900,000
Debt instrument, unamortized discount (premium), net											9,000
Capitalized debt issuance costs											11,715
9.000% Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount								600,000
Capitalized debt issuance costs											10,702
Redemption of 4.625% Senior Notes and 3.5% Senior Notes
Debt Instrument [Line Items]
Loss on extinguishment of debt											8,466
Revolving Loan Facility
Debt Instrument [Line Items]
Maximum borrowing capacity								1,000,000
Remaining borrowing capacity								996,413
Standby and trade letters of credit issued								3,587
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Quarterly maximum borrowing capacity, first and second quarters								200,000
Quarterly maximum borrowing capacity, third and fourth quarters								225,000
Current borrowing capacity								86,072
Remaining borrowing capacity								68,572
Other International Debt
Debt Instrument [Line Items]
Remaining borrowing capacity								37,901
Standby and trade letters of credit issued								$ 49,026
Senior Secured Credit Facility | November 2022 and February 2023 Amendments
Debt Instrument [Line Items]
General lien basket										$ 165,000
Senior Secured Credit Facility | November 2023 Amendment | During Extended Covenant Relief Period
Debt Instrument [Line Items]
Maximum leverage ratio								6.75	6.75
Minimum interest coverage ratio								1.63	1.63
Permitted asset sales basket								$ 60,000
General lien basket								85,000
Limit on Incremental secured indebtedness								100,000
Senior Secured Credit Facility | November 2023 Amendment | During Extended Covenant Relief Period | Subsequent Event
Debt Instrument [Line Items]
Maximum leverage ratio		5	5.25	5.63	6.38	6.63	6.63
Minimum interest coverage ratio		2.50	2.25	2	1.75	1.63	1.63
Senior Secured Credit Facility | November 2023 Amendment | After Extended Covenant Relief Period
Debt Instrument [Line Items]
Annual dividend payment cap								350,000
Senior Secured Credit Facility | November 2023 Amendment | After Extended Covenant Relief Period | Subsequent Event
Debt Instrument [Line Items]
Maximum leverage ratio	4.50
Minimum interest coverage ratio	2.50
Other expenses | Redemption of 4.625% Senior Notes and 3.5% Senior Notes
Debt Instrument [Line Items]
Loss on extinguishment of debt								$ 0			8,466
Write off of deferred debt issuance cost											3,834
Other expenses | Redemption of 3.5% Senior Notes
Debt Instrument [Line Items]
Redemption premium											4,632
Write off of deferred debt issuance cost											1,654
Other expenses | Redemption of 4.625% Senior Notes
Debt Instrument [Line Items]
Write off of deferred debt issuance cost											$ 2,180

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Effective income tax rate, percent	(64.00%)	(116.30%)
Income tax expense	$ 15,268	$ 18,500
Favorable discrete tax benefits
Income tax expense	$ (138)
Unfavorable discrete tax charges
Income tax expense		$ 7,544

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Rollforward) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance, net of tax	$ (492,311)
Total other comprehensive income (loss)	(43,562)	$ (26,514)
Ending Balance, net of tax	(535,873)	(538,522)
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(213,482)	(228,803)
Amounts reclassified from accumulated other comprehensive loss, before tax	0	0
Current-period other comprehensive income (loss) activity, before tax	(58,020)	(9,056)
Total other comprehensive income (loss), before tax	(58,020)	(9,056)
Ending Balance, before tax	(271,502)	(237,859)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(5,967)	8,709
Amounts reclassified from accumulated other comprehensive loss, before tax	(4,639)	(4,974)
Current-period other comprehensive income (loss) activity, before tax	15,774	(17,611)
Total other comprehensive income (loss), before tax	11,135	(22,585)
Ending Balance, before tax	5,168	(13,876)
Defined Benefit Plans
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(419,835)	(437,353)
Amounts reclassified from accumulated other comprehensive loss, before tax	3,929	4,077
Current-period other comprehensive income (loss) activity, before tax	82	(12)
Total other comprehensive income (loss), before tax	4,011	4,065
Ending Balance, before tax	(415,824)	(433,288)
Income Taxes
Accumulated Other Comprehensive Income (Loss), Tax [Roll Forward]
Beginning Balance, tax	146,973	145,439
Amounts reclassified from accumulated other comprehensive loss, tax	1,032	1,243
Current-period other comprehensive income (loss) activity, tax	(1,720)	(181)
Total other comprehensive income (loss), tax	(688)	1,062
Ending Balance, tax	(146,285)	(146,501)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance, net of tax	(492,311)	(512,008)
Amounts reclassified from accumulated other comprehensive loss, net of tax	322	346
Current-period other comprehensive income (loss) activity, net of tax	(43,884)	(26,860)
Total other comprehensive income (loss)	(43,562)	(26,514)
Ending Balance, net of tax	$ (535,873)	$ (538,522)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ (695,274)	$ (939,717)
Selling, general and administrative expenses	(408,821)	(392,374)
Interest expense, net	(66,689)	(58,452)
Other expenses	9,271	14,771
Income tax	(15,268)	(18,500)
Net loss	(39,122)	(34,404)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net loss	(322)	(346)
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	(3,929)	(4,077)
Income tax	(238)	(120)
Net loss	(4,167)	(4,197)
Forward foreign exchange contract | Reclassification out of Accumulated Other Comprehensive Income | Gain on derivative instruments designated as cash flow hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	2,543	3,410
Income tax	(794)	(1,123)
Net loss	1,749	2,287
Interest rate contract | Reclassification out of Accumulated Other Comprehensive Income | Gain on derivative instruments designated as cash flow hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Interest expense, net	2,096	10
Income tax	0	0
Net loss	2,096	10
Cross-currency swap contract | Reclassification out of Accumulated Other Comprehensive Income | Gain on derivative instruments designated as cash flow hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	0	973
Interest expense, net	0	581
Income tax	0	0
Net loss	$ 0	$ 1,554

Financial Instruments and Ris_3

Financial Instruments and Risk Management - Notional Amounts of Derivative Instruments (Details) € in Thousands, $ in Thousands	Mar. 30, 2024 USD ($)	Dec. 30, 2023 USD ($)	Mar. 10, 2023 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	$ 272,313	$ 308,760
Interest rate contract | Cash Flow Hedge
Derivative [Line Items]
Derivative, Notional Amount	900,000	900,000	$ 900,000
Cross-currency swap contract | Cash Flow Hedge
Derivative [Line Items]
Derivative, Notional Amount	0	0		€ 300,000
Cross-currency swap contract | Net Investment Hedge
Derivative [Line Items]
Derivative, Notional Amount	$ 0	$ 0			€ 300,000

Financial Instruments and Ris_4

Financial Instruments and Risk Management - Fair Values of Derivative Instruments (Details) - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023
Derivatives, Fair Value [Line Items]
Net fair value of derivative assets and liabilities	$ 6,521	$ (11,289)
Assets, Total
Derivatives, Fair Value [Line Items]
Total derivative assets	7,533	222
Liabilities, Total
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(1,012)	(11,511)
Forward foreign exchange contract | Other current assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	2,354	57
Forward foreign exchange contract | Other current assets | Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	2,789	142
Forward foreign exchange contract | Other noncurrent assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	117	0
Forward foreign exchange contract | Accrued liabilities | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(454)	(2,508)
Forward foreign exchange contract | Accrued liabilities | Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(555)	(2,784)
Forward foreign exchange contract | Other noncurrent liabilities | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(3)	(290)
Interest rate contract | Other current assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	23	23
Interest rate contract | Other noncurrent assets | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative assets	2,250	0
Interest rate contract | Other noncurrent liabilities | Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivative liabilities	$ 0	$ (5,929)

Financial Instruments and Ris_5

Financial Instruments and Risk Management - Effect of Cash Flow Hedge Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Net Income (Loss) on Cash Flow Hedges	$ 4,639	$ 4,974
Cost of sales	695,274	939,717
Selling, general and administrative expenses	408,821	392,374
Interest expense, net	66,689	58,452
Accumulated Other Comprehensive Loss
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Cash Flow Hedges	15,774	(17,611)
Accumulated Other Comprehensive Loss | Forward foreign exchange contract
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Cash Flow Hedges	5,499	(72)
Accumulated Other Comprehensive Loss | Interest rate contract
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Cash Flow Hedges	10,275	(14,674)
Accumulated Other Comprehensive Loss | Cross-currency swap contract
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Cash Flow Hedges	0	(2,865)
Cost of sales | Forward foreign exchange contract
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Net Income (Loss) on Cash Flow Hedges	2,543	3,410
Selling, general and administrative expenses | Cross-currency swap contract
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Net Income (Loss) on Cash Flow Hedges	0	973
Interest expense, net | Interest rate contract
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Net Income (Loss) on Cash Flow Hedges	2,096	10
Interest expense, net | Cross-currency swap contract
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into Net Income (Loss) on Cash Flow Hedges	$ 0	$ 581

Financial Instruments and Ris_6

Financial Instruments and Risk Management - Effect of Net Investment Hedge Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest expense, net	$ 66,689	$ 58,452
Cross-currency swap contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Net Income (Loss) (amounts excluded from effectiveness testing)	0	960
Accumulated Other Comprehensive Loss
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Net Investment Hedges	0	62
Accumulated Other Comprehensive Loss | Euro-denominated Long-term Debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Net Investment Hedges	0	(469)
Accumulated Other Comprehensive Loss | Cross-currency swap contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in AOCI on Net Investment Hedges	$ 0	$ 531

Financial Instruments and Ris_7

Financial Instruments and Risk Management - Effect of Mark to Market Hedge Derivative Instruments (Details) - Derivatives not designated as hedging instruments - Forward foreign exchange contract - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Net Income (Loss) on Mark to Market Hedges	$ 4,021	$ (1,412)
Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Net Income (Loss) on Mark to Market Hedges	4,021	(2,260)
Selling, general and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Net Income (Loss) on Mark to Market Hedges	$ 0	$ 848

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	Mar. 30, 2024 USD ($)	Apr. 01, 2023 USD ($)	Mar. 31, 2025 USD ($)	Dec. 30, 2023 USD ($)	Mar. 10, 2023 USD ($)
Derivative [Line Items]
Long-term debt, gross			$ 3,333,500			$ 3,336,750
Net gain (loss) expected to be reclassified into earnings during the next twelve months			$ 10,846
3.5% Senior Notes
Derivative [Line Items]
Interest rate on senior notes issued	3.50%	3.50%
3.5% Senior Notes, Euro Value
Derivative [Line Items]
Long-term debt, gross | €	€ 500,000
4.625% Senior Notes
Derivative [Line Items]
Interest rate on senior notes issued		4.625%
Euro-denominated Long-term Debt | Net Investment Hedge
Derivative [Line Items]
Notional amount of nonderivative instruments designated in a net investment hedge | €	€ 200,000	€ 500,000
Forward foreign exchange contract
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge			14 months
Interest rate contract
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge			24 months
Interest rate contract | Cash Flow Hedge
Derivative [Line Items]
Derivative, Notional Amount			$ 900,000			900,000	$ 900,000
Interest rate contract | Cash Flow Hedge | Subsequent Event
Derivative [Line Items]
Derivative, Notional Amount					$ 600,000
Cross-currency swap contract | Interest expense, net
Derivative [Line Items]
Amount of Gain (Loss) Recognized in Net Income (Loss)			0	$ 1,254
Cross-currency swap contract | Cash Flow Hedge
Derivative [Line Items]
Number of cross currency swaps | numberOfCrossCurrencySwaps	3
Derivative, Notional Amount	€ 300,000		0			0
Payments to hedge, Operating Activities				30,935
Cross-currency swap contract - fixed interest rate	4.7945%
Cross-currency swap contract | Net Investment Hedge
Derivative [Line Items]
Number of cross currency swaps | numberOfCrossCurrencySwaps		2
Derivative, Notional Amount		€ 300,000	0			0
Cross-currency swap contract - fixed interest rate		2.3215%
Proceeds from hedge, Investing Activities				$ 18,942
Cumulative Translation Adjustment | Euro-denominated Long-term Debt | Net Investment Hedge
Derivative [Line Items]
Nonderivative instruments used in net investment hedge, net of tax			5,525			5,525
Cumulative Translation Adjustment | Cross-currency swap contract | Net Investment Hedge
Derivative [Line Items]
Derivative instruments used in net investment hedge, net of tax			$ 19,001			$ 19,001

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	Mar. 30, 2024	Dec. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net fair value of derivative assets and liabilities	$ 6,521	$ (11,289)
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	6,521	(11,289)
Deferred compensation plan liability	(12,167)	(16,001)
Net effect of financial asset less financial liability	(5,646)	(27,290)
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	6,521	(11,289)
Deferred compensation plan liability	(12,167)	(16,001)
Net effect of financial asset less financial liability	(5,646)	(27,290)
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	5,260	199
Total derivative liabilities	(1,012)	(5,582)
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	5,260	199
Total derivative liabilities	(1,012)	(5,582)
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 | Interest rate contract
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	2,273	23
Total derivative liabilities		(5,929)
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	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	2,273	23
Total derivative liabilities		(5,929)
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	0
Total derivative liabilities		$ 0

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities (Additional Information) (Details) - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Accounts Receivable, allowance for doubtful accounts, chargebacks and other deductions	$ 43,211	$ 50,174
Carrying value of debt	3,333,500	3,336,750
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	$ 3,314,816	$ 3,259,299

Business Segment Information -

Business Segment Information - Net Sales (Details) $ in Thousands	3 Months Ended
	Mar. 30, 2024 USD ($) numberOfSegments	Apr. 01, 2023 USD ($)
Schedule Of Sales Revenue By Business Segment [Line Items]
Number of operating segments | numberOfSegments	3
Net sales	$ 1,156,201	$ 1,389,410
Innerwear
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales	506,843	553,067
Activewear
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales	217,749	314,945
International
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales	406,031	462,857
Other
Schedule Of Sales Revenue By Business Segment [Line Items]
Net sales	$ 25,578	$ 58,541

Business Segment Information _2

Business Segment Information - Segment Operating Profit (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Segment operating profit:
Total operating profit	$ 52,106	$ 57,319
Operating profit
General corporate expenses	(61,237)	(58,626)
Amortization of intangibles	(7,402)	(6,991)
Other expenses	(9,271)	(14,771)
Interest expense, net	(66,689)	(58,452)
Loss before income taxes	(23,854)	(15,904)
Operating profit
Operating profit
Restructuring and other action-related charges	(31,721)	(6,121)
Innerwear
Segment operating profit:
Total operating profit	111,052	72,608
Activewear
Segment operating profit:
Total operating profit	1,109	9,974
International
Segment operating profit:
Total operating profit	49,882	51,349
Other
Segment operating profit:
Total operating profit	(9,577)	(4,874)
Total segment operating profit
Segment operating profit:
Total operating profit	$ 152,466	$ 129,057

Business Segment Information _3

Business Segment Information - Restructuring and Other Action-Related Charges by Statement of Operations Line (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Cost of sales
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 506	$ 4,523
Selling, general and administrative expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	31,215	1,598
Total included in operating profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	31,721	6,121
Other expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	8,350
Interest expense, net
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	(1,254)
Total included in loss before income taxes
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	31,721	13,217
Income tax expense
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	0
Total restructuring and other action-related charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 31,721	$ 13,217

Business Segment Information _4

Business Segment Information - Components of Restructuring and Other Action-Related Charges (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Segment Reporting, Other Significant Reconciling Item [Line Items]
Loss on extinguishment of debt	$ 0	$ 8,466
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
Total included in operating profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	31,721	6,121
Total included in operating profit | Global Champion performance plan
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	16,752	0
Total included in operating profit | Full Potential transformation plan
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	14,969	6,121
Total included in operating profit | Full Potential transformation plan | Headcount actions and related severance
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	12,187	(1,091)
Total included in operating profit | Full Potential transformation plan | Supply chain segmentation
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	2,107	4,523
Total included in operating profit | Full Potential transformation plan | Professional services
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	490	40
Total included in operating profit | Full Potential transformation plan | Technology
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	181	3,684
Total included in operating profit | Full Potential transformation plan | Gain on classification of assets held for sale | U.S. Sheer Hosiery business
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	(2,139)
Total included in operating profit | Full Potential transformation plan | Other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	4	1,104
Other expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	8,350
Other expenses | Cross-currency swap contract
Segment Reporting, Other Significant Reconciling Item [Line Items]
Amount of Gain (Loss) Recognized in Net Income (Loss)	0	(116)
Other expenses | Redemption of 4.625% Senior Notes and 3.5% Senior Notes
Segment Reporting, Other Significant Reconciling Item [Line Items]
Loss on extinguishment of debt	0	8,466
Interest expense, net
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	(1,254)
Interest expense, net | Cross-currency swap contract
Segment Reporting, Other Significant Reconciling Item [Line Items]
Amount of Gain (Loss) Recognized in Net Income (Loss)	0	(1,254)
Total included in loss before income taxes
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	31,721	13,217
Income tax expense
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	0
Income tax expense | Tax effect on actions
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	0
Total restructuring and other action-related charges
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	$ 31,721	$ 13,217

Business Segment Information _5

Business Segment Information - Restructuring and Other Action-Related Charges - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Dec. 30, 2023
Segment Reporting, Other Significant Reconciling Item [Line Items]
Gain on classification of assets held for sale	$ 0	$ (2,139)
Loss on extinguishment of debt	0	8,466
Employee termination and other benefits	12,675
Employee termination and other benefit payments and other related adjustments	7,335
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
Cost of sales
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	506	4,523
Selling, general and administrative expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	31,215	1,598
Employee termination and other benefits	12,675
Operating profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	31,721	6,121
Other expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	8,350
Other expenses | Cross-currency swap contract
Segment Reporting, Other Significant Reconciling Item [Line Items]
Amount of Gain (Loss) Recognized in Net Income (Loss)	0	116
Other expenses | Redemption of 4.625% Senior Notes and 3.5% Senior Notes
Segment Reporting, Other Significant Reconciling Item [Line Items]
Loss on extinguishment of debt	0	8,466
Write off of deferred debt issuance cost		3,834
Other expenses | Redemption of 3.5% Senior Notes
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	0	(1,254)
Interest expense, net | Cross-currency swap contract
Segment Reporting, Other Significant Reconciling Item [Line Items]
Amount of Gain (Loss) Recognized in Net Income (Loss)	0	1,254
Global Champion performance plan | Operating profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	16,752	0
Global Champion performance plan | Professional fees, severance and other costs | Cost of sales
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	303
Global Champion performance plan | Professional fees, severance and other costs | Selling, general and administrative expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	16,449
Full Potential transformation plan | Operating profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	14,969	6,121
Full Potential transformation plan | Supply chain segmentation | Cost of sales
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	167	4,523
Full Potential transformation plan | Supply chain segmentation | Selling, general and administrative expenses
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	1,940
Full Potential transformation plan | Supply chain segmentation | Operating profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	2,107	4,523
Full Potential transformation plan | Gain on classification of assets held for sale | Selling, general and administrative expenses | Continuing Operations, Disposal Group, Held-for-sale | U.S. Sheer Hosiery business
Segment Reporting, Other Significant Reconciling Item [Line Items]
Gain on classification of assets held for sale		(2,139)
Full Potential transformation plan | Gain on classification of assets held for sale | Operating profit | U.S. Sheer Hosiery business
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	0	(2,139)
Full Potential transformation plan | Headcount actions and related severance | Operating profit
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other action-related charges	12,187	$ (1,091)
Accrued liabilities
Segment Reporting, Other Significant Reconciling Item [Line Items]
Other employee-related liabilities, current	$ 16,230		$ 10,890