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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE DISCLOSURE
As required by Section 953(a) of the Dodd-Frank Act and Item 402(v) of Regulation
S-K,
the table summarizing executive compensation paid versus financial performance measures for our three most recently completed fiscal years is set forth below:
 
 Year
 
Summary
 Compensation 
Table Total
for PEO
 
 Compensation 
Actually Paid
to PEO
(1)
 
Average
Summary
 Compensation 
Table Total for
Non-PEO
NEOs
 
Average
 Compensation 
Actually Paid
to
Non-PEO

NEOs
(2)
 
Value of Initial Fixed $100

 investment based on: 
 
Net Income
(
dollars in
 thousands)
(5)
 
Adjusted
Operating
Income
(
dollars in
 thousands)
(6)
 
Total
 Shareholder 
Return
(3)
 
Peer Group
Total
 Shareholder 
Return
(4)
 (a)
 
(b)
 
(c)
 
(d)
 
(e)
 
(f)
 
(g)
 
(h)
 
(i)
             
 2023
  $10,088,133    $ 7,858,875    $3,061,079    $2,624,467    $75.89    $ 73.34    $232,500    $327,816 
             
 2022
  8,606,754    4,760,564    2,264,230    1,619,056    72.36    67.87    250,038    388,171 
             
 2021
  11,056,385    13,931,119    3,801,288    4,249,437    94.49    103.90    339,748    500,764 
             
 2020
  7,297,118    (185,504)    1,648,590    579,698    86.62    92.36    109,717    279,764 
 
(1)
The dollar amounts reported in the column “Compensation Actually Paid to PEO” (column (c)) represent the amount of Compensation Actually Paid (“CAP”) to Michael Casey, our Chief Executive Officer (“CEO”), as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to the CEO during the applicable year. To calculate CAP to the CEO, for each of the years shown, the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation:
 
 
PEO SCT Total to CAP Reconciliation
 
 Year
  
SCT Total
    
 Deductions 
from SCT
Total
(i)
    
Equity Award
 Adjustments
(ii)
    
 CAP 
 
       
 2023
   $ 10,088,133      $ (6,500,098    $ 4,270,840      $ 7,858,875  
       
 2022
     8,606,754        (6,500,136      2,653,946        4,760,564  
       
 2021
     11,056,385        (6,500,323      9,375,057        13,931,119  
       
 2020
     7,297,118        (6,000,392      (1,482,230      (185,504
 
  (i)
Represents the grant date fair value of equity-based awards granted each year, as shown in the Stock Awards column of the Summary Compensation Table.
  (ii)
Reflects the value of equity-based awards calculated in accordance with the SEC methodology for determining CAP for each year shown under generally accepted accounting principles. The fair value of our performance-based restricted stock is calculated based on the probable outcome of the performance conditions determined as of the last day of the fiscal year and our closing stock price on such day. The determination of equity award adjustments to SCT total compensation is detailed in the supplemental table below.
 
 
PEO Equity Component of CAP
 
 Year
 
Fair Value of
Equity
Awards
Granted in
the Year
and
Outstanding
and
Unvested as
of Year End
   
Year over Year
Change in Fair
Value of Equity
Awards Granted
in Prior Years
and
Outstanding
and Unvested
as of Year End
   
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the
Year
   
Year over Year
Change in Fair
Value of
Equity Awards
Granted in
Prior Years
that Vested in
the Year
   
Fair Value at the
End of the Prior
Year of Equity
Awards that were
Forfeited in the
Year
   
Value of
Dividends or
other Earnings
Paid on Equity
Awards not
Otherwise
Reflected in Fair
Value or Total
Compensation
   
Total
Equity
Award
Adjustments
 
 2023
  $ 5,587,004     $ (1,441,983   $     $ 125,819     $     $     $ 4,270,840  
 2022
    4,923,201       (1,890,720           (378,534                 2,653,947  
 2021
    6,710,481       2,626,294             38,282                   9,375,057  
 2020
    2,557,575       (3,438,221           (601,584                 (1,482,230
 
(2)
The dollar amounts reported in the column “Average Compensation Actually Paid to
Non-PEO
NEOs” (column (e)) represent the average amount of CAP to the
non-CEO
named executive officers
(“Non-CEO
NEOs”) as a group, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the
Non-CEO
NEOs during the applicable year. The
Non-CEO
NEOs reflected in columns (d) and (e) consist of the following individuals for each of the years shown: 2023—Richard Westenberger, Brian Lynch, Kendra Krugman, and Julie D’Emilio; 2022—Richard Westenberger, Brian Lynch, Patrick Moore, and Kendra Krugman; 2021—Richard Westenberger, Brian Lynch, Patrick Moore, and Peter Smith; 2020—Richard Westenberger, Brian Lynch, Patrick Moore, and Peter Smith. To calculate CAP to our
Non-CEO
NEOs for each of the years shown, the following amounts were deducted from and added to SCT total compensation.
 
 
 
Average
Non-PEO
NEOs SCT Total to CAP Reconciliation*
 
 Year
  
SCT Total
    
Deductions
from SCT
Total
(i)
    
Equity
Award
Adjustments

(ii)
    
CAP
 
       
 2023
   $ 3,061,079      $ (1,662,929    $ 1,226,317      $ 2,624,467  
       
 2022
     2,264,230        (1,313,039      667,866        1,619,056  
       
 2021
     3,801,288        (1,987,866      2,436,014        4,249,437  
       
 2020
     1,648,590        (887,992      (180,899      579,698  
 
  *
Amounts in rows may not foot across due to rounding.
 
  (i)
Represents the grant date fair value of equity-based awards granted each year, as shown in the Stock Awards column of the Summary Compensation Table.
  (ii)
Reflects the value of equity-based awards calculated in accordance with the SEC methodology for determining CAP for each year shown under generally accepted accounting principles. The fair value of our performance-based restricted stock is calculated based on the probable outcome of the performance conditions determined as of the last day of the fiscal year and our closing stock price on such day. The determination of equity award adjustments to SCT total compensation is detailed in the supplemental table below
.
 
         
           
Average
Non-PEO
NEOs Equity Component of CAP
               
 Year
 
Fair Value of
Equity Awards
Granted in the
Year and
Outstanding
and Unvested
as of Year End
   
Year over Year
Change in Fair
Value of
Equity Awards
Granted in
Prior Years
and
Outstanding
and Unvested
as of Year End
   
Fair Value as
of Vesting
Date of
Equity
Awards
Granted and
Vested in
the Year
   
Year over Year
Change in Fair
Value of
Equity Awards
Granted in
Prior Years
that Vested in
the Year
   
Fair Value at
the End of the
Prior Year of
Equity Awards
that were
Forfeited in
the Year
   
Value of
Dividends or
other
Earnings Paid
on Equity
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
   
Total
Equity
Award
Adjustments
 
 
 2023
  $ 1,476,966     $ (269,558   $     $ 18,909     $     $     $ 1,226,317  
 
 2022
    994,495       (272,340           (54,289                 667,866  
 
 2021
    2,052,134       372,284             11,596                   2,436,014  
 
 2020
    378,538       (487,886           (71,551                 (180,899
 
(3)
The amounts in the column “Total Shareholder Return” (column (f)) are calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming reinvestment of all dividends, if any, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
(4)
Represents the weighted peer group Total Shareholder Return, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the S&P Composite 1500 Apparel, Accessories & Luxury Goods.
(5)
The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
(6)
Management defines and calculates Adjusted Operating Income as Operating Income as calculated under generally accepted accounting principles, excluding infrequent or extraordinary items. Adjusted Operating Income is a
non-GAAP
measure. A reconciliation of Operating Income to Adjusted Operating Income can be found in the Appendix to this Proxy Statement.
     
Company Selected Measure Name Adjusted Operating Income      
Named Executive Officers, Footnote The dollar amounts reported in the column “Average Compensation Actually Paid to
Non-PEO
NEOs” (column (e)) represent the average amount of CAP to the
non-CEO
named executive officers
(“Non-CEO
NEOs”) as a group, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the
Non-CEO
NEOs during the applicable year. The
Non-CEO
NEOs reflected in columns (d) and (e) consist of the following individuals for each of the years shown: 2023—Richard Westenberger, Brian Lynch, Kendra Krugman, and Julie D’Emilio; 2022—Richard Westenberger, Brian Lynch, Patrick Moore, and Kendra Krugman; 2021—Richard Westenberger, Brian Lynch, Patrick Moore, and Peter Smith; 2020—Richard Westenberger, Brian Lynch, Patrick Moore, and Peter Smith. To calculate CAP to our
Non-CEO
NEOs for each of the years shown, the following amounts were deducted from and added to SCT total compensation.
     
Peer Group Issuers, Footnote Represents the weighted peer group Total Shareholder Return, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the S&P Composite 1500 Apparel, Accessories & Luxury Goods.      
PEO Total Compensation Amount $ 10,088,133 $ 8,606,754 $ 11,056,385 $ 7,297,118
PEO Actually Paid Compensation Amount $ 7,858,875 4,760,564 13,931,119 (185,504)
Adjustment To PEO Compensation, Footnote
(1)
The dollar amounts reported in the column “Compensation Actually Paid to PEO” (column (c)) represent the amount of Compensation Actually Paid (“CAP”) to Michael Casey, our Chief Executive Officer (“CEO”), as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to the CEO during the applicable year. To calculate CAP to the CEO, for each of the years shown, the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation:
 
 
PEO SCT Total to CAP Reconciliation
 
 Year
  
SCT Total
    
 Deductions 
from SCT
Total
(i)
    
Equity Award
 Adjustments
(ii)
    
 CAP 
 
       
 2023
   $ 10,088,133      $ (6,500,098    $ 4,270,840      $ 7,858,875  
       
 2022
     8,606,754        (6,500,136      2,653,946        4,760,564  
       
 2021
     11,056,385        (6,500,323      9,375,057        13,931,119  
       
 2020
     7,297,118        (6,000,392      (1,482,230      (185,504
 
  (i)
Represents the grant date fair value of equity-based awards granted each year, as shown in the Stock Awards column of the Summary Compensation Table.
  (ii)
Reflects the value of equity-based awards calculated in accordance with the SEC methodology for determining CAP for each year shown under generally accepted accounting principles. The fair value of our performance-based restricted stock is calculated based on the probable outcome of the performance conditions determined as of the last day of the fiscal year and our closing stock price on such day. The determination of equity award adjustments to SCT total compensation is detailed in the supplemental table below.
 
 
PEO Equity Component of CAP
 
 Year
 
Fair Value of
Equity
Awards
Granted in
the Year
and
Outstanding
and
Unvested as
of Year End
   
Year over Year
Change in Fair
Value of Equity
Awards Granted
in Prior Years
and
Outstanding
and Unvested
as of Year End
   
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the
Year
   
Year over Year
Change in Fair
Value of
Equity Awards
Granted in
Prior Years
that Vested in
the Year
   
Fair Value at the
End of the Prior
Year of Equity
Awards that were
Forfeited in the
Year
   
Value of
Dividends or
other Earnings
Paid on Equity
Awards not
Otherwise
Reflected in Fair
Value or Total
Compensation
   
Total
Equity
Award
Adjustments
 
 2023
  $ 5,587,004     $ (1,441,983   $     $ 125,819     $     $     $ 4,270,840  
 2022
    4,923,201       (1,890,720           (378,534                 2,653,947  
 2021
    6,710,481       2,626,294             38,282                   9,375,057  
 2020
    2,557,575       (3,438,221           (601,584                 (1,482,230
     
Non-PEO NEO Average Total Compensation Amount $ 3,061,079 2,264,230 3,801,288 1,648,590
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,624,467 1,619,056 4,249,437 579,698
Adjustment to Non-PEO NEO Compensation Footnote
(2)
The dollar amounts reported in the column “Average Compensation Actually Paid to
Non-PEO
NEOs” (column (e)) represent the average amount of CAP to the
non-CEO
named executive officers
(“Non-CEO
NEOs”) as a group, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the
Non-CEO
NEOs during the applicable year. The
Non-CEO
NEOs reflected in columns (d) and (e) consist of the following individuals for each of the years shown: 2023—Richard Westenberger, Brian Lynch, Kendra Krugman, and Julie D’Emilio; 2022—Richard Westenberger, Brian Lynch, Patrick Moore, and Kendra Krugman; 2021—Richard Westenberger, Brian Lynch, Patrick Moore, and Peter Smith; 2020—Richard Westenberger, Brian Lynch, Patrick Moore, and Peter Smith. To calculate CAP to our
Non-CEO
NEOs for each of the years shown, the following amounts were deducted from and added to SCT total compensation.
 
 
 
Average
Non-PEO
NEOs SCT Total to CAP Reconciliation*
 
 Year
  
SCT Total
    
Deductions
from SCT
Total
(i)
    
Equity
Award
Adjustments

(ii)
    
CAP
 
       
 2023
   $ 3,061,079      $ (1,662,929    $ 1,226,317      $ 2,624,467  
       
 2022
     2,264,230        (1,313,039      667,866        1,619,056  
       
 2021
     3,801,288        (1,987,866      2,436,014        4,249,437  
       
 2020
     1,648,590        (887,992      (180,899      579,698  
 
  *
Amounts in rows may not foot across due to rounding.
 
  (i)
Represents the grant date fair value of equity-based awards granted each year, as shown in the Stock Awards column of the Summary Compensation Table.
  (ii)
Reflects the value of equity-based awards calculated in accordance with the SEC methodology for determining CAP for each year shown under generally accepted accounting principles. The fair value of our performance-based restricted stock is calculated based on the probable outcome of the performance conditions determined as of the last day of the fiscal year and our closing stock price on such day. The determination of equity award adjustments to SCT total compensation is detailed in the supplemental table below
.
 
         
           
Average
Non-PEO
NEOs Equity Component of CAP
               
 Year
 
Fair Value of
Equity Awards
Granted in the
Year and
Outstanding
and Unvested
as of Year End
   
Year over Year
Change in Fair
Value of
Equity Awards
Granted in
Prior Years
and
Outstanding
and Unvested
as of Year End
   
Fair Value as
of Vesting
Date of
Equity
Awards
Granted and
Vested in
the Year
   
Year over Year
Change in Fair
Value of
Equity Awards
Granted in
Prior Years
that Vested in
the Year
   
Fair Value at
the End of the
Prior Year of
Equity Awards
that were
Forfeited in
the Year
   
Value of
Dividends or
other
Earnings Paid
on Equity
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
   
Total
Equity
Award
Adjustments
 
 
 2023
  $ 1,476,966     $ (269,558   $     $ 18,909     $     $     $ 1,226,317  
 
 2022
    994,495       (272,340           (54,289                 667,866  
 
 2021
    2,052,134       372,284             11,596                   2,436,014  
 
 2020
    378,538       (487,886           (71,551                 (180,899
     
Compensation Actually Paid vs. Total Shareholder Return
The following graph summarizes the relationship between Total Shareholder Return (“TSR”) and executive compensation actually paid to the CEO and the
Non-CEO
NEOs and the relationship between TSR and the TSR of the Company’s peer group over the last four completed years:
 
 
LOGO
     
Compensation Actually Paid vs. Net Income
The following graph summarizes the relationship between the adjusted operating income and net income performance measures included in the table and the executive compensation actually paid to the CEO and the
Non-CEO
NEOs over the last four completed years:
 
 
LOGO
     
Compensation Actually Paid vs. Company Selected Measure
The following graph summarizes the relationship between the adjusted operating income and net income performance measures included in the table and the executive compensation actually paid to the CEO and the
Non-CEO
NEOs over the last four completed years:
 
 
LOGO
     
Total Shareholder Return Vs Peer Group
The following graph summarizes the relationship between Total Shareholder Return (“TSR”) and executive compensation actually paid to the CEO and the
Non-CEO
NEOs and the relationship between TSR and the TSR of the Company’s peer group over the last four completed years:
 
 
LOGO
     
Tabular List, Table
P
AY
V
ERSUS
P
ERFORMANCE
L
IST OF
I
MPORTANT
F
INANCIAL
M
EASURES
The list below consists of our most important performance measures used to link “Compensation Actually Paid” to our NEOs for our performance, over the fiscal year ending December 30, 2023. These measures are used to determine annual incentive payouts and are also key metrics under our performance-based restricted stock awards. The performance measures included in this list are not ranked by relative importance:
 
 
Net Sales
 
 
Adjusted Operating Income
 
 
Adjusted Diluted EPS
 
 
Operating Cash Flow
     
Total Shareholder Return Amount $ 75.89 72.36 94.49 86.62
Peer Group Total Shareholder Return Amount 73.34 67.87 103.9 92.36
Net Income (Loss) $ 232,500,000 $ 250,038,000 $ 339,748,000 $ 109,717,000
Company Selected Measure Amount 327,816,000 388,171,000 500,764,000 279,764,000
PEO Name Michael Casey      
Measure:: 1        
Pay vs Performance Disclosure        
Name Net Sales      
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted Operating Income      
Non-GAAP Measure Description Management defines and calculates Adjusted Operating Income as Operating Income as calculated under generally accepted accounting principles, excluding infrequent or extraordinary items. Adjusted Operating Income is a
non-GAAP
measure. A reconciliation of Operating Income to Adjusted Operating Income can be found in the Appendix to this Proxy Statement.
     
Measure:: 3        
Pay vs Performance Disclosure        
Name Adjusted Diluted EPS      
Measure:: 4        
Pay vs Performance Disclosure        
Name Operating Cash Flow      
PEO | Deductions From SCT Total [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (6,500,098) $ (6,500,136) $ (6,500,323) $ (6,000,392)
PEO | Equity Award Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,270,840 2,653,946 9,375,057 (1,482,230)
PEO | Fair Value Of Equity Award Granted In The Year And Outstanding And Unvested As Of Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,587,004 4,923,201 6,710,481 2,557,575
PEO | Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years And Outstanding And Unvested As Of Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,441,983) (1,890,720) 2,626,294 (3,438,221)
PEO | Fair Value As Of Vesting Date Of Equity Awards Granted And Vested In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 125,819 (378,534) 38,282 (601,584)
PEO | Fair Value At The End Of The Prior Year Of Equity Awards That Were Forfeited In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Value Of Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value Or Total Compensation [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Total Equity Award Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,270,840 2,653,947 9,375,057 (1,482,230)
Non-PEO NEO | Deductions From SCT Total [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,662,929) (1,313,039) (1,987,866) (887,992)
Non-PEO NEO | Equity Award Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,226,317 667,866 2,436,014 (180,899)
Non-PEO NEO | Fair Value Of Equity Award Granted In The Year And Outstanding And Unvested As Of Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,476,966 994,495 2,052,134 378,538
Non-PEO NEO | Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years And Outstanding And Unvested As Of Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (269,558) (272,340) 372,284 (487,886)
Non-PEO NEO | Fair Value As Of Vesting Date Of Equity Awards Granted And Vested In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Year Over Year Change In Fair Value Of Equity Awards Granted In Prior Years That Vested In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 18,909 (54,289) 11,596 (71,551)
Non-PEO NEO | Fair Value At The End Of The Prior Year Of Equity Awards That Were Forfeited In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Value Of Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value Or Total Compensation [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Total Equity Award Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 1,226,317 $ 667,866 $ 2,436,014 $ (180,899)