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Business Segment Information (Tables)

3 Months Ended

Mar. 30, 2024

Segment Reporting [Abstract]

Net Sales

			Quarters Ended
			March 30, 2024						April 1, 2023
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, 2024						April 1, 2023
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, 2024						April 1, 2023
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, 2024						April 1, 2023
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

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-Name Accounting Standards Codification
-Topic 280
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