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Assets and Liabilities Held for Sale (Tables)
 12 Months Ended
Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Assets and Liabilities Held for Sale
December 31,
2022		January 1,
2022
U.S. Sheer Hosiery business - continuing operations$13,327 $5,426 
European Innerwear business - discontinued operations— 321,731 
Total current assets held for sale$13,327 $327,157 
U.S. Sheer Hosiery business - continuing operations$13,327 $5,426 
European Innerwear business - discontinued operations— 311,476 
Total current liabilities held for sale$13,327 $316,902 
Discontinued Operations Tables
The operating results of the discontinued operations only reflect revenues and expenses that are directly attributable to the European Innerwear business. Discontinued operations does not include any allocation of corporate overhead expense or interest expense. The key components from discontinued operations related to the European Innerwear business are as follows:
Years Ended
December 31,
2022		January 1,
2022		January 2,
2021
Net sales$101,314 $546,558 $598,322 
Cost of sales60,415 294,383 352,758 
Gross profit40,899 252,175 245,564 
Selling, general and administrative expenses54,689 274,408 261,410 
Impairment of intangible assets and goodwill— 155,745 20,319 
Loss on sale of business and classification of assets held for sale373 273,995 — 
Operating loss(14,163)(451,973)(36,165)
Other expenses283 2,178 2,477 
Interest expense, net10 613 2,253 
Loss from discontinued operations before income tax expense (benefit)(14,456)(454,764)(40,895)
Income tax expense (benefit)(18,421)(11,020)2,397 
Net income (loss) from discontinued operations, net of tax$3,965 $(443,744)$(43,292)
Assets and liabilities of discontinued operations classified as held for sale in the Consolidated Balance Sheets as of December 31, 2022 and January 1, 2022 consist of the following:
December 31,
2022		January 1,
2022
Cash and cash equivalents$— $24,352 
Trade accounts receivable, net— 87,353 
Inventories— 141,653 
Other current assets— 21,926 
Property, net— 62,659 
Right-of-use assets— 32,603 
Trademarks and other identifiable intangibles, net(1)
— 205,204 
Deferred tax assets— 4,174 
Other noncurrent assets— 4,127 
Allowance to adjust assets to estimated fair value, less costs of disposal— (262,320)
Total assets of discontinued operations$— $321,731 
Accounts payable$— $84,327 
Accrued liabilities— 122,620 
Lease liabilities— 6,562 
Notes payable— 329 
Lease liabilities - noncurrent— 27,426 
Pension and postretirement benefits— 38,325 
Other noncurrent liabilities— 31,887 
Total liabilities of discontinued operations$— $311,476 
(1)The “Trademarks and other identifiable intangibles, net” line in the table above includes $161,693 of indefinite-lived trademarks as of January 1, 2022.
The cash flows related to discontinued operations have not been segregated and are included in the Consolidated Statements of Cash Flows. The following table presents cash flow and non-cash information related to discontinued operations:
Years Ended
December 31,
2022		January 1,
2022		January 2,
2021
Depreciation$— $2,608 $11,650 
Amortization$— $1,460 $5,829 
Capital expenditures$715 $8,462 $4,160 
Impairment of intangible assets and goodwill$— $155,745 $20,319 
Loss on sale of business and classification of assets held for sale$373 $273,995 $— 
Capital expenditures included in accounts payable at end of period$— $1,079 $3,767 
Right-of-use assets obtained in exchange for lease obligations$— $8,672 $3,738