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Business Segment Information (Tables)

3 Months Ended

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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