Acquisitions (Tables)

9 Months Ended

Oct. 01, 2016

Schedule of acquired assets and liabilities assumed

The acquired assets and assumed liabilities at the date of acquisition (July 14, 2016) include the following:



Cash and cash equivalents	$	54,294
Accounts receivable, net	36,019
Inventories	104,806
Other current assets	16,588
Current assets of discontinued operations	28,970
Property, net	41,221
Trademarks and other identifiable intangibles	506,170
Deferred tax assets and other noncurrent assets	11,472
Total assets acquired	799,540
Accounts payable	89,309
Accrued liabilities and other	22,838
Current liabilities of discontinued operations	14,564
Long-term debt	41,976
Deferred tax liabilities and other noncurrent liabilities	16,130
Total liabilities assumed	184,817
Net assets acquired	614,723
Goodwill	186,148
Purchase price	$	800,871

Champion Europe

Business Acquisition [Line Items]

Schedule of acquired assets and liabilities assumed

The acquired assets, contingent consideration and assumed liabilities at the date of acquisition (June 30, 2016) include the following:



Cash and cash equivalents	$	14,581
Trade accounts receivable, net	27,926
Inventories	53,816
Other current assets	5,976
Property, net	24,605
Trademarks and other identifiable intangibles	135,277
Deferred tax assets and other noncurrent assets	3,777
Total assets acquired	265,958
Accounts payable	66,594
Accrued liabilities and other (including contingent consideration)	60,298
Notes payable	27,748
Deferred tax liabilities and other noncurrent liabilities	20,282
Total liabilities assumed and contingent consideration	174,922
Net assets acquired	91,036
Goodwill	108,756
Initial consideration paid	199,792
Estimated contingent consideration	45,277
Total purchase price	$	245,069

Pacific Brands and Champion Europe, Combined

Business Acquisition [Line Items]

Pro forma information

naudited pro forma results of operations for the Company are presented below assuming that the 2016 acquisition of Pacific Brands and Champion Europe had occurred on January 4, 2015. Pro forma operating results for the quarter and nine months ended October 3, 2015 include a benefit totaling $389 and include expenses totaling $7,969, respectively, for acquisition-related adjustments primarily related to inventory and stock compensation.



	Quarter Ended				Nine Months Ended
	October 1, 2016		October 3, 2015		October 1, 2016		October 3, 2015
Net sales	$	1,780,530	$	1,774,558	$	4,859,619	$	4,884,041
Net income from continuing operations	172,040		171,592		448,589		312,519
Earnings per share from continuing operations:
Basic	$	0.45	$	0.43	$	1.17	$	0.78
Diluted	0.45		0.43		1.16		0.78

Knights Apparel

Business Acquisition [Line Items]

Pro forma information



	Quarter Ended		Nine Months Ended
	October 3, 2015		October 3, 2015
Net sales	$	1,591,038	$	4,344,149
Net income from continuing operations	163,327		313,919
Earnings per share from continuing operations:
Basic	$	0.41	$	0.78
Diluted	0.41		0.77