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Business Segment Information (Tables) | 3 Months Ended
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Apr. 01, 2023
Segment Reporting [Abstract] |
Net Sales |
| Quarters Ended |  |
April 1, 2023 |  | April 2, 2022 |  |  |  |
Net sales: |  |  |  |  |  |  |
Innerwear | $ | 553,067 |  |  | $ | 578,947 |  |  |  |  |
Activewear | 314,945 |  |  | 386,937 |  |  |  |  |
International | 462,857 |  |  | 510,129 |  |  |  |  |
Other | 58,541 |  |  | 100,143 |  |  |  |  |
Total net sales | $ | 1,389,410 |  |  | $ | 1,576,156 |  |  |  |  |
Segment Operating Profit |
| Quarters Ended |  |
| April 1, 2023 |  | April 2, 2022 |  |  |  |
Segment operating profit: |  |  |  |  |  |  |
Innerwear | $ | 72,608 |  |  | $ | 102,146 |  |  |  |  |
Activewear | 9,974 |  |  | 48,984 |  |  |  |  |
International | 51,349 |  |  | 89,438 |  |  |  |  |
Other | (4,874) |  |  | (671) |  |  |  |  |
Total segment operating profit | 129,057 |  |  | 239,897 |  |  |  |  |
Items not included in segment operating profit: |  |  |  |  |  |  |
General corporate expenses | (58,626) |  |  | (57,228) |  |  |  |  |
Restructuring and other action-related charges | (6,121) |  |  | (4,802) |  |  |  |  |
Amortization of intangibles | (6,991) |  |  | (7,355) |  |  |  |  |
Total operating profit | 57,319 |  |  | 170,512 |  |  |  |  |
Other expenses | (14,771) |  |  | (987) |  |  |  |  |
Interest expense, net | (58,452) |  |  | (31,963) |  |  |  |  |
Income (loss) from continuing operations before income tax expense | $ | (15,904) |  |  | $ | 137,562 |  |  |  |  |
Restructuring and other action-related charges | The Company incurred restructuring and other action-related charges that were reported in the following lines in the Condensed Consolidated Statements of Income:
| Quarters Ended |  |
April 1, 2023 |  | April 2, 2022 |  |  |  |
Cost of sales | $ | 4,523 |  |  | $ | 499 |  |  |  |  |
Selling, general and administrative expenses | 1,598 |  |  | 4,303 |  |  |  |  |
Total included in operating profit | 6,121 |  |  | 4,802 |  |  |  |  |
Other expenses | 8,350 |  |  | — |  |  |  |  |
Interest expense, net | (1,254) |  |  | — |  |  |  |  |
Total included in income (loss) from continuing operations before income tax expense | 13,217 |  |  | 4,802 |  |  |  |  |
Income tax expense | — |  |  | 816 |  |  |  |  |
Total restructuring and other action-related charges | $ | 13,217 |  |  | $ | 3,986 |  |  |  |  |
The components of restructuring and other action-related charges were as follows:
| Quarters Ended |  |
| April 1, 2023 |  | April 2, 2022 |  |  |  |
Full Potential Plan: |  |  |  |  |  |  |
Supply chain segmentation | $ | 4,523 |  |  | $ | 1,020 |  |  |  |  |
Technology | 3,684 |  |  | 4,459 |  |  |  |  |
Professional services | 40 |  |  | 7,908 |  |  |  |  |
Operating model | (1,091) |  |  | (1,919) |  |  |  |  |
Gain on classification of assets held for sale | (2,139) |  |  | (6,528) |  |  |  |  |
Other | 1,104 |  |  | (138) |  |  |  |  |
Total included in operating profit | 6,121 |  |  | 4,802 |  |  |  |  |
Loss on extinguishment of debt included in other expenses | 8,466 |  |  | — |  |  |  |  |
Gain on final settlement of cross currency swap contracts included in other expenses | (116) |  |  | — |  |  |  |  |
Gain on final settlement of cross currency swap contracts included in interest expense, net | (1,254) |  |  | — |  |  |  |  |
Total included in income (loss) from continuing operations before income tax expense | 13,217 |  |  | 4,802 |  |  |  |  |
Tax effect on actions included in income tax expense | — |  |  | 816 |  |  |  |  |
Total restructuring and other action-related charges | $ | 13,217 |  |  | $ | 3,986 |  |  |  |  |

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