| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-09-27 | restructuring | in_progress | Supply chain (manufacturing and distribution) and corporate functions | USD -1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program begun in Q2 2024 covering supply chain consolidation plus corporate cost and headcount reductions; no employee counts disclosed. Nine-month 2025 'headcount actions and related severance' component of $(1.102)M is a net reversal of prior accruals (Q3 2025 component $(0.283)M). Company approved $0.330M of new headcount actions in the nine months, paid $24.402M in benefits, leaving a $18.103M severance accrual at 2025-09-27 (down from $42.175M at 2024-12-28). | |||||
| 2025-09-27 | restructuring | in_progress | Global | Corporate and Supply Chain | USD 8,280 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q3 2025 charges include professional services, headcount actions/severance, supply chain restructuring, and transaction fees related to pending Gildan transactions. Employee count not disclosed. | ||||
| 2025-09-27 | restructuring | in_progress | Global | Corporate and Supply Chain | USD 8,198 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Nine months ended Sept 27, 2025 charges include professional services, headcount actions/severance, supply chain restructuring, and transaction fees. Employee count not disclosed. | ||||
| 2025-09-27 | restructuring | in_progress | Global | Corporate | USD 9,979 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Nine months ended Sept 27, 2025 charges related to refinancing of senior secured credit facility and redemption of 4.875% Senior Notes (make-whole premium, legal fees, write-off of debt issuance costs). Recorded in Other Expenses. | ||||
| 2025-06-28 | restructuring | in_progress | Global | Supply chain, manufacturing, distribution, corporate | USD 0 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing supply chain consolidation and corporate cost/headcount reductions; net credit of $0.082M in YTD 2025 from estimate adjustments. No employee count disclosed. | ||||
| 2025-06-28 | restructuring | in_progress | United States | Corporate headquarters | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Corporate headquarters relocation and real estate initiatives; no employee count or specific charge disclosed for this sub-component in the quarter. | |||||
| 2025-06-28 | divestiture_reduction | completed | 2025-01-31 | Global | Global Champion business (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Deferred Closing of Champion business sale completed January 31, 2025; no headcount impact quantified. | ||||
| 2025-06-28 | divestiture_reduction | in_progress | 2024-12-01 | 2025-12-31 | Japan | Champion Japan business (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plans finalized December 2024 to exit Champion Japan; sale expected within fiscal 2025. No headcount impact quantified. | |||
| 2025-06-28 | restructuring | in_progress | Global | Supply chain and Corporate | USD -1,191 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Net benefit of $1.2M recognized in Q2 2025 due to adjustments to initial estimates for headcount actions, supply chain consolidation, and professional services. Includes $330k in new headcount actions approved in H1 2025. | ||||
| 2025-06-28 | restructuring | in_progress | Global | Supply chain and Corporate | USD -82 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Net benefit of $82k recognized in H1 2025 YTD due to adjustments to initial estimates. Includes $330k in new headcount actions approved in H1 2025. | ||||
| 2025-03-29 | restructuring | in_progress | Global | Supply chain, corporate functions and headcount actions across continuing operations | USD 209 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2025 headcount actions and related severance charge of $209 thousand; total restructuring charges within operating profit were $1,109 thousand. Program began Q2 2024 covering supply chain consolidation and corporate cost/headcount reductions. Severance accrual fell from $42,175 thousand (Dec 28, 2024) to $27,964 thousand after $330 thousand of newly approved actions and $14,541 thousand of benefit payments. No employee counts disclosed. | ||||
| 2025-03-29 | divestiture_reduction | completed | 2024-06-30 | 2025-01-31 | Global | Global Champion business (Deferred Business) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Deferred Closing completed January 31, 2025; gross cash proceeds $31,020 thousand, net $29,713 thousand, with a $4,962 thousand loss recognized in Q1 2025. No headcount associated with the sale disclosed. | |||
| 2025-03-29 | divestiture_reduction | announced | 2024-12-31 | Japan | Champion Japan business (formerly International segment) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Exit plans finalized December 2024; sale expected to complete within fiscal 2025. Company continues to operate the business as a licensee of Authentic Brands Group until closing. Announcement date approximate to month disclosed; no headcount disclosed. | ||||
| 2025-03-29 | restructuring | in_progress | Corporate / Supply Chain | USD 1,109 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges include professional services ($457k), headcount actions and related severance ($209k), supply chain restructuring ($-60k), and other ($503k). Specific employee count not disclosed. | |||||
| 2025-03-29 | restructuring | in_progress | Corporate | USD 9,979 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Loss on extinguishment of debt related to refinancing of senior secured credit facility and redemption of 4.875% Senior Notes. Includes make-whole premium, legal fees, and write-off of unamortized debt issuance costs. | |||||
| 2024-12-28 | restructuring | in_progress | Global | Supply chain (manufacturing and distribution) and corporate | USD 58,779 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2024 approved headcount actions and related severance to align workforce with the manufacturing/distribution network and strategic initiatives. Charges of $58,779 thousand for employee termination and other benefits: $20,370 in cost of sales, $20,547 in SG&A, $17,862 in discontinued operations. $27,494 thousand of benefit payments made in 2024; ending accrual $42,175 thousand. No employee counts disclosed. | ||||
| 2024-12-28 | divestiture_reduction | completed | 2024-06-30 | 2024-09-30 | Global | Global Champion business (excluding Champion Japan) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision to exit reached June 2024; Initial Closing completed September 30, 2024 (gross proceeds $857,450 thousand plus $12,162 thousand receivable); Deferred Closing completed January 31, 2025. No headcount disclosed. | |||
| 2024-12-28 | divestiture_reduction | completed | 2024-06-30 | 2024-07-31 | United States | U.S.-based outlet store business | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Exit completed July 2024 via purchase agreement with Restore Capital (HCR Stores), LLC; Company paid $12,000 thousand at closing and $3,000 thousand in January 2025 plus inventory. Net loss on sale of $54,851 thousand and $2,500 thousand goodwill impairment recorded in 2024. No headcount disclosed. | |||
| 2024-12-28 | divestiture_reduction | announced | 2024-12-31 | 2025-12-28 | Japan | Champion Japan business (International segment) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plans to exit finalized in December 2024 (only month disclosed); sale expected to complete within 12 months of fiscal year-end. Business will be operated as a licensee of Authentic Brands Group until sale. No headcount disclosed. | |||
| 2024-12-28 | restructuring | completed | 2024-06-01 | 2024-12-28 | Global | Supply Chain and Corporate | USD 229 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Restructuring and other action-related charges of $229 million included in operating profit. Includes supply chain restructuring, corporate asset impairment, headcount actions, and professional services. Specific employee count not disclosed in aggregate for this charge. | ||
| 2024-12-28 | divestiture_reduction | completed | 2024-06-01 | 2024-09-30 | Global | Champion Business | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Exit of global Champion business and U.S.-based outlet store business. Completed sale of IP and operating assets in Q4 2024. Employee count affected not explicitly disclosed. | |||
| 2024-09-28 | restructuring | in_progress | Global | Supply chain (manufacturing and distribution) and corporate functions — continuing operations | USD 74,681 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine months ended 2024. Company approved headcount actions and related severance to align workforce with manufacturing/distribution network and strategic initiatives. Charges of $74,681K allocated: $26,000K in cost of sales (supply chain facility severance), $23,005K in SG&A (supply chain and operating-model headcount actions), $25,676K in discontinued operations. Benefit payments and adjustments of $19,178K made during period; ending accrual $66,393K. No employee count disclosed. | ||||
| 2024-09-28 | divestiture_reduction | completed | 2024-04-01 | 2024-07-31 | United States | U.S.-based outlet store business (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Exit of U.S.-based outlet store business completed July 2024. Company agreed to pay Restore Capital $12,000K at closing and $3,000K in January 2025 plus inventory, in exchange for Restore assuming operations and certain liabilities. No headcount figure disclosed. | |||
| 2024-09-28 | divestiture_reduction | completed | 2024-06-04 | 2024-09-30 | Global | Global Champion business (discontinued operations) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Champion IP and certain operating assets to Authentic Brands Group completed September 30, 2024 (one day after quarter end). Gross proceeds $857,450K plus up to $300,000K contingent consideration. Transition period through January 31, 2025 for Deferred Business. No headcount figure disclosed. | |||
| 2024-09-28 | restructuring | in_progress | 2024-06-29 | Global | Supply Chain and Corporate | USD 223,392 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Significant restructuring and consolidation efforts within supply chain network (manufacturing and distribution) and corporate cost/headcount reductions. YTD charges of $223.4M include $169.6M for supply chain restructuring (including $48M inventory write-downs and $26M severance) and $20.1M corporate asset impairment. Employee count not explicitly disclosed. | |||
| 2024-09-28 | divestiture_reduction | completed | 2024-06-29 | 2024-09-30 | Global | Global Champion Business | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of intellectual property and certain operating assets of global Champion business completed subsequent to Q3. Employee count not explicitly disclosed. | |||
| 2024-09-28 | divestiture_reduction | completed | 2024-06-29 | 2024-07-31 | United States | U.S.-based Outlet Store Business | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Exit of U.S.-based outlet store business completed in July 2024. Employee count not explicitly disclosed. | |||
| 2024-06-29 | restructuring | in_progress | Global | Supply chain (manufacturing and distribution) | USD 158,914 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six months ended June 29, 2024 charge of $158,914K ($156,807K in Q2 alone). Includes $48,000K inventory write-down from SKU rationalization, $26,000K severance for impacted supply chain facilities, and $72,047K impairment of an owned facility classified as held for sale plus a non-operating right-of-use asset. No employee count disclosed. | ||||
| 2024-06-29 | restructuring | in_progress | Global | Corporate / operating model initiatives | USD 19,098 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six months ended June 29, 2024 charge of $19,098K ($6,911K in Q2 alone) for headcount actions and related severance resulting from operating model initiatives, primarily in SG&A. No employee count disclosed. | ||||
| 2024-06-29 | divestiture_reduction | completed | 2024-07-31 | United States | U.S.-based outlet store business | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company began marketing the business in Q2 2024; entered purchase agreement with Restore Capital (HCR Stores), LLC in July 2024 and completed the exit. Company paid $12M at closing plus $3M in January 2025 and provided certain inventory. No headcount disclosed. | ||||
| 2024-06-29 | divestiture_reduction | announced | 2024-06-04 | Global | Global Champion business | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase agreement with Authentic Brands Group LLC signed June 4, 2024 for estimated transaction value of $1.2B (up to $1.5B with contingent consideration). Expected to close in H2 2024. Transition services through January 31, 2025. No headcount disclosed. | ||||
| 2024-06-29 | restructuring | in_progress | United States | Corporate (headquarters and contract termination) | USD 20,107 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six months ended June 29, 2024 charge of $20,107K, comprising $10,395K for a contract termination and $9,712K for impairment of the headquarters location classified as held for sale. Primarily asset-related; no employee count disclosed. | ||||
| 2024-06-29 | restructuring | in_progress | 2024-06-29 | Global | Supply Chain and Corporate | USD 189,255 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Significant restructuring and consolidation efforts within supply chain network (manufacturing and distribution) and corporate cost/headcount reductions. Charges include $156.8M supply chain restructuring (incl. $48M inventory write-down, $26M severance, $72M facility impairment) and $20.1M corporate asset impairment. Employee count not explicitly disclosed. | |||
| 2024-06-29 | divestiture_reduction | completed | 2024-07-01 | 2024-07-01 | United States | Retail / Outlet Stores | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Completed exit of U.S.-based outlet store business via purchase agreement with Restore Capital (HCR Stores), LLC in July 2024. Employee count not disclosed. | |||
| 2024-06-29 | divestiture_reduction | announced | 2024-06-04 | 2024-12-31 | Global | Activewear / Champion Brand | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Agreement to sell global Champion business to Authentic Brands Group LLC. Transaction expected to close in second half of 2024. Employee count not disclosed. | |||
| 2024-03-30 | restructuring | in_progress | Global | Champion (Activewear) | USD 16,752 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2024 charge of $16,752K, primarily professional fees, severance and other costs ($16,449K in SG&A; $303K in cost of sales). Part of strategic review of global Champion business announced September 2023. No employee count disclosed. | ||||
| 2024-03-30 | restructuring | in_progress | Global | Full Potential transformation plan (enterprise-wide) | USD 14,969 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2024 charge of $14,969K including $12,187K headcount actions and related severance, $2,107K supply chain segmentation, $490K professional services, $181K technology, $4K other. Company approved actions resulting in $12,675K of employee termination and other benefit charges during the quarter; no employee count disclosed. Restructuring accrual ended Q1 2024 at $16,230K (opened at $10,890K, with $7,335K of benefit payments and other adjustments). | ||||
| 2024-03-30 | restructuring | in_progress | Global | Champion Business | USD 16,752 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global Champion performance plan charges including professional fees, severance, and other costs. Employee count not disclosed. | ||||
| 2024-03-30 | restructuring | in_progress | Global | Corporate / Supply Chain | USD 14,969 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Full Potential transformation plan charges including headcount actions, severance, supply chain segmentation, and technology. Employee count not disclosed. | ||||
| 2023-12-30 | restructuring | in_progress | 2023-01-01 | Global | Champion / Activewear | USD 88 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Includes $59,432K inventory write-downs and $28,613K for professional fees, supply chain segmentation, store closures, severance and other costs. No employee count disclosed. | |||
| 2023-12-30 | restructuring | in_progress | 2023-01-01 | Global | Full Potential transformation plan — Technology | USD 9 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Technology modernization initiative including global ERP platform implementation. Current fiscal year activity only. | |||
| 2023-12-30 | restructuring | in_progress | 2023-01-01 | Global | Full Potential transformation plan — Headcount actions and related severance | USD 6 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Current fiscal year activity only. No employee count disclosed. | |||
| 2023-12-30 | restructuring | in_progress | 2023-01-01 | Global | Full Potential transformation plan — Supply chain segmentation | USD 4 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Restructuring manufacturing network to align with demand trends. Current fiscal year activity only. | |||
| 2023-12-30 | divestiture_reduction | completed | 2021-10-01 | 2023-09-29 | United States | U.S. Sheer Hosiery business (L'eggs brand) | USD 4 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Loss net of proceeds of $3,641K recognized in 2023. No employee count disclosed. | ||
| 2023-12-30 | divestiture_reduction | completed | 2021-03-01 | 2022-03-05 | Europe | European Innerwear business | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Completed in prior fiscal year; transitional supply chain sales continued through January 2024. No employee count disclosed. | |||
| 2023-12-30 | restructuring | completed | 2023-09-19 | Global | Activewear (Champion) | USD 88 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Global Champion performance plan charges including inventory write-downs, professional fees, supply chain segmentation, store closures, and severance. | |||
| 2023-12-30 | restructuring | completed | Global | Corporate / Supply Chain | USD 28 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Full Potential transformation plan charges including technology, headcount actions, supply chain segmentation, and professional services. | ||||
| 2023-09-30 | restructuring | in_progress | 2023-09-30 | Global | Activewear (Champion) | USD 74 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Global Champion performance plan: accelerated channel/mix/product segmentation, supply chain segmentation, store closures, severance; includes $59.4M inventory write-downs. No employee count disclosed. Charges recognized in Q3 2023; strategic alternatives review for Champion announced September 2023. | |||
| 2023-09-30 | restructuring | in_progress | 2023-01-01 | Global | Enterprise (Full Potential transformation plan) | USD 28 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine-month 2023 charges within operating profit for technology, supply chain segmentation, headcount actions/severance, professional services, and divestiture-related items. Filer discloses $12.669M of employee termination and other benefit charges YTD but no affected-employee count. | |||
| 2023-09-30 | divestiture_reduction | completed | 2021-12-31 | 2023-09-29 | United States | Other (U.S. Sheer Hosiery business, incl. L'eggs) | USD 3 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to AllStar Hosiery LLC completed 2023-09-29 for $3.3M total proceeds ($1.3M cash, $2.0M receivable). Headcount removed not disclosed; associated charge is total sale proceeds, not a severance charge. | ||
| 2023-09-30 | restructuring | in_progress | Global | Activewear (Champion) | USD 73,735 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global Champion performance plan charges including inventory write-downs, supply chain segmentation, store closures, and severance. Employee count not disclosed. | ||||
| 2023-09-30 | restructuring | in_progress | Global | Corporate / All Segments | USD 3,336 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Full Potential transformation plan charges for Q3 2023 including technology, supply chain segmentation, headcount actions, and professional services. Employee count not disclosed. | ||||
| 2023-09-30 | restructuring | in_progress | Global | Corporate / All Segments | USD 27,518 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Full Potential transformation plan charges for YTD 2023. Includes gain/loss on sale of U.S. Sheer Hosiery business. Employee count not disclosed. | ||||
| 2023-07-01 | restructuring | in_progress | Global | Corporate, manufacturing and distribution network | USD 24,182 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Full Potential transformation plan charges within operating profit for the six months ended July 1, 2023; includes headcount actions and related severance of $2,845 thousand but no employee count disclosed. | ||||
| 2023-07-01 | restructuring | in_progress | Global | Corporate, manufacturing and distribution network | USD 18,061 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Full Potential transformation plan charges within operating profit for the quarter; includes headcount actions and related severance of $3,716 thousand but no employee count disclosed. | ||||
| 2023-07-01 | divestiture_reduction | in_progress | 2023-09-30 | United States | U.S. Sheer Hosiery business (Other segment) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to AllStar Hosiery LLC expected to complete at or shortly after end of Q3 2023; no employee count disclosed. | ||||
| 2023-07-01 | restructuring | in_progress | Global | Corporate and Manufacturing/Distribution | USD 6,966 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges for employee termination and other benefits for employees affected by actions to align corporate workforce and manufacturing/distribution network with Full Potential transformation plan. Employee count not disclosed. | ||||
| 2023-04-01 | restructuring | in_progress | Global | Manufacturing / Supply Chain | USD 1,600 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Full Potential plan supply chain segmentation actions approved in Q1 2023; $1.6M charge for employee termination and other benefits. No headcount affected disclosed. Ending accrual $13.6M at 2023-04-01. | ||||
| 2023-04-01 | restructuring | in_progress | Global | Corporate / Technology | USD 3,684 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Full Potential plan technology-related charges in Q1 2023. No employee count disclosed. | ||||
| 2023-04-01 | divestiture_reduction | in_progress | 2024-04-01 | United States | U.S. Sheer Hosiery (L'eggs) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | U.S. Sheer Hosiery business held for sale; company expects to complete sale within next 12 months. No headcount associated with divestiture disclosed. | ||||
| 2023-04-01 | restructuring | in_progress | Supply chain segmentation | USD 1,600 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Company approved actions to align manufacturing network and support with Full Potential plan initiatives; incurred charges of $1.6 million for employee termination and other benefits for employees affected. Specific headcount not disclosed. | |||||
| 2022-12-31 | restructuring | completed | 2022 | Supply chain / manufacturing network | USD 7,170 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Actions approved during 2022 to align the manufacturing network with Full Potential plan demand trends; $7,170 thousand of employee termination and other benefits recorded in Cost of sales / Supply chain segmentation line. Total 2022 supply chain segmentation charge was $17,982 thousand. Combined severance accrual (together with the 2021 voluntary retirement program) of $16,170 thousand remained at December 31, 2022 after $16,288 thousand of payments and adjustments. Headcount affected not disclosed. | ||||
| 2022-12-31 | restructuring | completed | 2022 | Corporate | USD 9,600 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Corporate headcount reduction approved during 2022 under the Full Potential plan (MD&A rounds to $10 million); $9,600 thousand of employee termination and other benefits recorded in SG&A / Operating model line, drawn from the same $16,770 thousand combined 2022 charge pool as the supply chain action. Headcount affected not disclosed. | ||||
| 2022-12-31 | divestiture_reduction | completed | 2021 | 2022-03-05 | Europe | European Innerwear business (primarily International segment) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Exit decision announced Q1 2021 as part of the Full Potential plan; sale to an affiliate of Regent, L.P. completed March 5, 2022 (business reported as discontinued operations). Goodwill/intangible impairments and held-for-sale valuation allowances were recognized in 2021; a final loss on sale of $373 thousand was recognized in 2022. Employee headcount removed not disclosed. | |||
| 2022-12-31 | divestiture_reduction | announced | 2021 | United States | U.S. Sheer Hosiery business (reported in Other) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Divestiture of the U.S. Sheer Hosiery business, including the L'eggs brand, announced Q4 2021 under the Full Potential plan; at the filing date the company was exploring purchasers and expected to complete the sale within the next 12 months. Net assets of $13,327 thousand held for sale at December 31, 2022. Employee headcount affected not disclosed. | ||||
| 2022-12-31 | restructuring | in_progress | United States | Corporate | USD 10 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2022 Full Potential plan action to reduce corporate headcount; charge covers employee termination and other benefits. Ending accrual of $16.17M at year-end covers both the corporate and supply chain actions described here. | ||||
| 2022-12-31 | restructuring | in_progress | Global | Supply chain / manufacturing network | USD 7 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance portion of the $17.98M 2022 supply chain segmentation charge, taken to align the manufacturing network with Full Potential plan demand trends; recorded in cost of sales. Combined 2022 termination charges of $16.77M across this and the corporate action. | ||||
| 2022-12-31 | divestiture_reduction | completed | 2021-11-04 | 2022-03-05 | Europe | Innerwear (European Innerwear business) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale to an affiliate of Regent, L.P. completed March 5, 2022; purchaser received all assets and operating liabilities. Headcount transferred not disclosed. | |||
| 2022-12-31 | restructuring | completed | 2022-01-01 | 2022-12-31 | Global | Corporate and Supply Chain | USD 18 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Charges related to supply chain segmentation to position manufacturing network. | ||
| 2022-12-31 | restructuring | completed | 2022-01-01 | 2022-12-31 | United States | Corporate | USD 10 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Charges related to corporate headcount reductions. | ||
| 2022-10-01 | restructuring | in_progress | Supply chain / manufacturing network | USD 7,170 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Full Potential plan supply chain segmentation actions approved during the quarter and nine months ended 2022-10-01; $7,170 thousand for employee termination and other benefits charged to cost of sales; ending accrual $10,788 thousand in accrued liabilities. No employee count or completion date disclosed. | |||||
| 2022-10-01 | divestiture_reduction | announced | United States | U.S. Sheer Hosiery business (L'eggs brand) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divestiture decision reached in Q4 2021; held-for-sale at 2022-10-01 with net assets of $14,906 thousand. Company exploring purchasers and expects sale within 12 months of filing. No workforce impact quantified. | |||||
| 2022-10-01 | restructuring | in_progress | 2022-07-03 | United States | Manufacturing / Supply Chain | USD 13,298 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges related to supply chain segmentation to position manufacturing network to align with revenue growth opportunities. Includes employee termination and other benefits. | |||
| 2022-10-01 | restructuring | in_progress | 2022-07-03 | United States | Corporate / G&A | USD 6,020 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Professional services charges related to Full Potential plan implementation. | |||
| 2022-10-01 | restructuring | in_progress | 2022-07-03 | Global | Technology | USD 2,622 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Technology charges related to Full Potential plan implementation. | |||
| 2022-10-01 | restructuring | in_progress | 2022-07-03 | United States | Other / U.S. Sheer Hosiery | USD 4,310 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Non-cash loss to adjust valuation allowance related to U.S. Sheer Hosiery business held for sale. | |||
| 2022-07-02 | voluntary_separation | in_progress | 2021 | United States | Corporate office workforce | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2021 voluntary retirement program resizing the U.S. corporate office workforce; charge recorded in Q3 2021. Accrual was $15,688 thousand at January 1, 2022; $7,869 thousand of benefit payments and adjustments in the six months ended July 2, 2022 left a $7,819 thousand accrual. Number of employees participating is not disclosed. | ||||
| 2022-07-02 | divestiture_reduction | completed | 2021-11-04 | 2022-03-05 | Europe | European Innerwear business (previously reported primarily in International segment) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to an affiliate of Regent, L.P. completed March 5, 2022; transferred all assets and operating liabilities of the business. Headcount removed through the sale is not disclosed. Company continues transitional manufacturing/supply and transitional services for up to 34 and 12 months, respectively. | |||
| 2022-07-02 | divestiture_reduction | announced | 2021 | United States | U.S. Sheer Hosiery business (L'eggs brand), reported in Other segment | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divestiture decision reached in Q4 2021; held-for-sale classification with a $38,364 thousand valuation allowance recorded in Q4 2021 (partially reversed by non-cash gains of $4,340 thousand in Q2 2022 and $10,868 thousand YTD). Company is exploring purchasers and expects to complete the sale within 12 months of the filing date. Affected headcount not disclosed. | ||||
| 2022-07-02 | voluntary_separation | in_progress | 2021-07-03 | United States | Corporate | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Voluntary retirement program for U.S. corporate office workforce announced in Q3 2021. Accrual for employee termination and other benefits was $15,688 thousand at Jan 1, 2022. Payments and adjustments of $7,869 thousand made during the six months ended July 2, 2022, resulting in an ending accrual of $7,819 thousand. Employee count not disclosed. | ||||
| 2022-04-02 | restructuring | in_progress | Global | Enterprise-wide | USD 4,802 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2022 charges of $4,802K for Full Potential plan implementation, including professional services, technology, supply chain segmentation, and a $6,528K non-cash gain on U.S. Sheer Hosiery valuation allowance adjustment. No employee count disclosed. | ||||
| 2022-04-02 | voluntary_separation | in_progress | 2021-07-01 | United States | Corporate office | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Voluntary retirement program for U.S. corporate office workforce charged in Q3 2021. Accrual was $15,688K at Jan 1, 2022; $3,066K of benefit payments made in Q1 2022, leaving $12,622K accrual. Announcement date approximate (quarter of charge). No employee count disclosed. | ||||
| 2022-04-02 | divestiture_reduction | completed | 2021-11-04 | 2022-03-05 | Europe | International (European Innerwear) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of European Innerwear business to affiliate of Regent, L.P. completed March 5, 2022. Prior-period impairments of $155,745K (intangibles/goodwill) and $226,352K (valuation allowance) recorded in Q1 2021. No employee headcount associated with the divestiture disclosed. | |||
| 2022-04-02 | divestiture_reduction | in_progress | 2021-10-01 | 2022-12-31 | United States | Other (U.S. Sheer Hosiery / L'eggs) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Decision to divest U.S. Sheer Hosiery business reached in Q4 2021; held-for-sale classification applied. Company exploring purchasers and expects sale completion during 2022. Announcement date approximate (quarter of decision). No employee count disclosed. | |||
| 2022-04-02 | voluntary_separation | in_progress | 2021-07-01 | United States | Corporate | USD 3,066 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Voluntary retirement program for U.S. corporate office workforce announced in Q3 2021. Accrual for employee termination and other benefits was $15.7M at Jan 1, 2022; payments of $3.1M made in Q1 2022, leaving ending accrual of $12.6M. Employee count not disclosed. | |||
| 2022-04-02 | restructuring | in_progress | 2021-01-01 | Global | Various | USD 4,802 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Full Potential plan charges included professional services, operating model changes, supply chain segmentation, and technology investments. No specific headcount reduction disclosed for these charges in Q1 2022. | |||
| 2022-01-01 | voluntary_separation | completed | 2021-10-02 | United States | U.S. corporate office workforce | USD 16,000 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Voluntary retirement program to resize the U.S. corporate office workforce; charge accrued in fiscal Q3 2021 (quarter ended October 2, 2021) and included in the 'Operating model' line (total $23,191 thousand in 2021). Benefit payments of $312 thousand were made during fiscal 2021, leaving an accrual of $15,688 thousand at January 1, 2022. Headcount affected not disclosed. | |||
| 2022-01-01 | divestiture_reduction | announced | 2022-01-01 | United States | Other — U.S. Sheer Hosiery business (L'eggs brand) | USD 38,364 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Decision reached in fiscal Q4 2021 (quarter ended January 1, 2022) to divest the U.S. Sheer Hosiery business under the Full Potential plan; business met held-for-sale criteria in Q4 2021. The charge is a non-cash valuation allowance to write the disposal group down to fair value less costs of disposal. Sale expected to be completed within one year; purchaser not yet identified; headcount impact not disclosed. | |||
| 2022-01-01 | divestiture_reduction | in_progress | 2021-11-04 | Europe | European Innerwear business (discontinued operations) | USD 273,995 (thousands) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Decision to exit reached in Q1 2021; agreement announced November 4, 2021 to sell the European Innerwear business to an affiliate of Regent, L.P. for a purchase price of one Euro (plus potential earnout), subject to works council consultations; close expected in Q1 2022. Fiscal 2021 discontinued-operations charges include a $273,995 thousand loss on classification of assets held for sale and a $155,745 thousand impairment of intangible assets and goodwill; a separate $7,302 thousand trademark impairment was recorded in continuing operations. Headcount impact not disclosed. | |||
| 2022-01-01 | voluntary_separation | in_progress | United States | Corporate (U.S. corporate office workforce) | USD 16 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Accrued in Q3 2021 under the Full Potential plan's 'Operating model' line; $312 thousand of benefit payments made during FY2021, leaving a $15,688 thousand accrual at year-end. Number of participating employees not disclosed | ||||
| 2022-01-01 | divestiture_reduction | in_progress | 2021-11-04 | 2022-03-31 | Europe | International — European Innerwear business | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision to exit reached at end of Q1 2021; classified as held for sale/discontinued operations. Purchase price of one Euro plus potential earnout, subject to works council consultation. FY2021 non-cash charges within discontinued operations: $155.745M impairment of intangibles and goodwill and $273.995M loss on classification of assets held for sale. Headcount not disclosed | |||
| 2022-01-01 | divestiture_reduction | in_progress | 2022-12-31 | United States | Other — U.S. Sheer Hosiery business (L'eggs brand) | USD 38 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision reached in Q4 2021 as part of Full Potential plan portfolio streamlining; held-for-sale criteria met at year-end. Company expects to complete the sale within one year. Headcount not disclosed | |||
| 2022-01-01 | other | completed | Global | Personal protective equipment (PPE) business | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | PPE contributed $820 million of net sales in 2020 and was exited during FY2021; associated inventory write-off ($362.9M) and vendor commitment charge ($26.4M) were recorded in FY2020. Headcount impact not disclosed | |||||
| 2022-01-01 | voluntary_separation | completed | 2021-10-02 | 2022-01-01 | United States | Corporate | USD 16 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Action to resize U.S. corporate office workforce through a voluntary retirement program. Charge of $16 million recorded in Q4 2021. | ||
| 2021-10-02 | voluntary_separation | in_progress | 2021-07-04 | United States | Corporate | USD 16 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approved in Q3 2021 to resize the U.S. corporate office workforce via a voluntary retirement program; $16.0M accrued for termination and other benefits as of 2021-10-02, no benefit payments made yet; expected paid within one year. No employee count disclosed. | |||
| 2021-10-02 | divestiture_reduction | announced | 2021-11-04 | 2022-03-31 | Europe | International — European Innerwear | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell European Innerwear business to an affiliate of Regent, L.P. for one Euro plus potential earnout, subject to works council consultation; expected close Q1 2022. No headcount disclosed; business classified as held for sale since Q1 2021. | |||
| 2021-10-02 | voluntary_separation | in_progress | 2021-07-04 | 2022-10-02 | United States | Corporate | USD 16,000 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Voluntary retirement program to resize U.S. corporate office workforce. Accrued $16 million for employee termination and other benefits as of Oct 2, 2021; expected to be paid within one year. | ||
| 2021-07-03 | restructuring | in_progress | 2020-10-01 | Global | Enterprise | USD 19 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Full Potential plan charges of $19M in Q2 and $38M YTD, including professional services and a $7.3M trademark impairment; no employee counts disclosed. | |||
| 2021-07-03 | divestiture_reduction | in_progress | 2021-03-31 | 2022-03-31 | Europe | International — European Innerwear | USD 392 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | YTD non-cash charges: $155.7M intangible/goodwill impairment plus $236.2M held-for-sale valuation allowance; business actively marketed for sale, no headcount disclosed. | ||
| 2021-07-03 | restructuring | in_progress | 2021-01-01 | Global | Corporate / Full Potential Plan | USD 19 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charges related to implementation of Full Potential plan including professional services and other costs. Employee count not disclosed. | |||
| 2021-07-03 | restructuring | in_progress | 2021-01-01 | Global | Corporate / Full Potential Plan | USD 38 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | YTD charges related to implementation of Full Potential plan including professional services, impairment of intangible assets, and other costs. Employee count not disclosed. | |||
| 2021-07-03 | divestiture_reduction | in_progress | 2021-03-31 | 2022-03-31 | Europe | European Innerwear | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Decision to exit European Innerwear business reached in Q1 2021. Business classified as held-for-sale. Employee count not disclosed. | |||
| 2021-04-03 | restructuring | in_progress | Global | Corporate / Multiple | USD 19 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Full Potential plan charges of $19.4M in Q1 2021: professional services $11.7M, intangible impairment $7.3M, other restructuring $0.4M. No employee count disclosed. MD&A notes corporate workforce reductions as a component of other restructuring costs. | ||||
| 2021-04-03 | divestiture_reduction | in_progress | 2022-04-03 | Europe | International — European Innerwear | USD 382 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | European Innerwear business classified as held for sale/discontinued ops at end of Q1 2021. Non-cash charges: $155.7M intangible/goodwill impairment plus $226.4M held-for-sale valuation allowance. Company expects sale within one year. No employee headcount associated with the divestiture is disclosed. | |||
| 2021-04-03 | restructuring | in_progress | 2021-04-03 | Global | Corporate / Supply Chain | USD 19,393 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charges related to implementation of Full Potential plan, including professional services, impairment of intangible assets, and other restructuring costs. Employee count not disclosed. | |||
| 2021-04-03 | divestiture_reduction | announced | 2021-04-03 | Europe | International | USD 382,097 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Decision to exit European Innerwear business. Includes impairment of intangible assets and goodwill ($155,745k) and loss on classification of assets held for sale ($226,352k). Employee count not disclosed. | |||
| 2021-01-02 | restructuring | in_progress | USD 12 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Workforce reductions approved during the year ended January 2, 2021; charges for employee termination and other benefits under separation programs of $12,212 thousand ($2,721 in cost of sales and $9,491 in SG&A). Benefit payments and adjustments of $9,072 made during the year, leaving an ending accrual of $10,260 thousand (of which $7,120 related to prior-year actions at the start of the year). Number of employees affected and completion timeline not disclosed. | ||||||
| 2021-01-02 | other | completed | MD&A f5-10k / GLM-5.3-flash-HTML | Temporary employee furloughs and pay cuts implemented during 2020 to reduce payroll costs in response to the COVID-19 pandemic; affected headcount and charge amounts not disclosed, and no end date is stated. | |||||||
| 2021-01-02 | restructuring | in_progress | Global | Multiple | USD 12,212 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fiscal year 2020 workforce reduction charges; $2,721 in cost of sales and $9,491 in SG&A; ending accrual $10,260. No employee count disclosed. | ||||
| 2021-01-02 | restructuring | in_progress | Global | Supply chain | USD 23,538 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fiscal year 2020 supply chain restructuring charges to reduce overhead costs principally within the Western Hemisphere network; no employee count disclosed | ||||
| 2021-01-02 | restructuring | completed | United States | Activewear / Innerwear | USD 9,856 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program exits originally initiated in 2019; fiscal 2020 charges of $9,856 thousand; no employee count disclosed | ||||
| 2021-01-02 | restructuring | in_progress | 2020-10-01 | Global | Multiple | USD 611,071 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Early implementation of Full Potential plan began in Q4 2020; includes inventory write-downs and vendor commitment accruals, not solely severance; no employee count disclosed | |||
| 2021-01-02 | layoff | in_progress | Global | Multiple | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | COVID-19 response actions; furloughs and pay cuts described in MD&A liquidity discussion; no employee count or charge amount disclosed for these specific actions | |||||
| 2021-01-02 | other | announced | 2021-02-09 | Europe | Innerwear | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event announced February 9, 2021, after fiscal year-end; potential future workforce implications not quantified | ||||
| 2021-01-02 | restructuring | completed | 2020-01-04 | 2021-01-02 | Global | Various | USD 805,787 (thousands) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Total restructuring and other action-related charges of $805.8 million in 2020. Includes supply chain actions, program exit costs, COVID-19 related charges (supply chain re-startup, bad debt, inventory, intangible assets/goodwill), and Full Potential plan charges (inventory SKU rationalization, PPE inventory write-off, PPE vendor commitments). Specific employee count not disclosed for the aggregate program. | ||
| 2021-01-02 | other | completed | 2020-01-04 | 2021-01-02 | Global | Various | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Implemented employee furloughs and pay cuts in response to COVID-19 pandemic. Specific headcount affected not disclosed. | |||
| 2020-09-26 | restructuring | in_progress | Global | Supply chain / manufacturing | USD 49 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | COVID-19 supply chain re-startup charges for Q3 2020; incremental freight and sourcing premiums after manufacturing shutdown. No employee count disclosed. | ||||
| 2020-09-26 | restructuring | in_progress | Global | Corporate / enterprise-wide | USD 145 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | YTD 2020 total restructuring charges including supply chain actions, program exits (C9 Champion, DKNY), workforce reductions, bad debt, inventory, and intangible impairment. Workforce reduction charges of $9.42M incurred but no employee count disclosed. | ||||
| 2020-09-26 | restructuring | in_progress | United States | Activewear / Innerwear | USD 10 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program exit charges for C9 Champion mass program and DKNY intimate apparel license. No employee count disclosed. | ||||
| 2020-09-26 | restructuring | in_progress | Global | Corporate / enterprise-wide | USD 11 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | COVID-19 related bad debt charges for customer bankruptcies; not a workforce action per se but classified under restructuring charges. | ||||
| 2020-09-26 | restructuring | in_progress | 2020-09-26 | Global | Supply Chain / Manufacturing | USD 48,893 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Supply chain re-start up charges related to incremental costs (freight, sourcing premiums) to expedite product following manufacturing shut-downs due to COVID-19. Employee count not disclosed. | |||
| 2020-09-26 | restructuring | in_progress | 2020-09-26 | Global | Corporate / General | USD 9,420 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Workforce reductions and employee termination benefits. Employee count not disclosed. | |||
| 2020-09-26 | other | completed | 2020-09-26 | Global | Corporate | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Temporary employee furloughs and pay cuts implemented to reduce payroll costs in response to COVID-19. | ||||
| 2020-06-27 | restructuring | in_progress | Global | Company-wide | USD 8,538 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six months ended June 27, 2020: charges for employee termination and other benefits under separation programs; $2,500 in cost of sales, $6,038 in SG&A. Ending accrual $9,971 ($8,911 current, $1,060 noncurrent). Number of employees affected not disclosed. | ||||
| 2020-06-27 | other | in_progress | 2020-12-31 | Global | Company-wide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Temporary employee furloughs and pay cuts implemented in response to COVID-19; expected to save approximately $200 million in 2020. Headcount affected not disclosed. | ||||
| 2020-06-27 | restructuring | in_progress | 2020-06-27 | Global | Corporate / Supply Chain | USD 8,538 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Workforce reductions approved in the six months ended June 27, 2020. Charges of $8.5 million for employee termination and other benefits. Ending accrual of $10.0 million. | |||
| 2020-06-27 | other | in_progress | 2020-06-27 | Global | All Functions | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Temporary employee furloughs and pay cuts implemented to reduce payroll costs due to COVID-19. | ||||
| 2020-03-28 | restructuring | in_progress | United States | Corporate | USD 5,258 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approved during Q1 2020; charges for employee termination and other benefits for employees affected by separation programs, recorded in SG&A. No employee count disclosed. | ||||
| 2020-03-28 | layoff | in_progress | Global | All segments | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Employee furloughs and pay cuts as COVID-19 liquidity measures; expected to save approximately $200 million in 2020. No counts disclosed. | |||||
| 2020-03-28 | restructuring | in_progress | 2020-03-28 | Global | Corporate | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Corporate workforce reductions; charges of $5.258M for employee termination and other benefits. | |||
| 2020-03-28 | restructuring | in_progress | 2020-03-28 | Global | Supply Chain | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Supply chain actions to reduce overhead costs. | |||
| 2020-03-28 | restructuring | completed | 2020-03-28 | Global | Activewear | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Program exit costs associated with exiting the C9 Champion business with Target and the DKNY Intimates license. | |||
| 2020-03-28 | other | in_progress | 2020-03-28 | Global | All Segments | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Employee furloughs and pay cuts implemented in response to COVID-19; expected to save approximately $200 million in 2020. | ||||
| 2019-12-28 | restructuring | completed | 2019 | Western Hemisphere (principally) | Supply chain and overhead | USD 12,392 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | During fiscal 2019 the Company approved actions to close certain supply chain facilities and reduce overhead costs, principally within its Western Hemisphere network, incurring $12,392 thousand for employee termination and other benefits for employees affected by separation programs ($9,720 in cost of sales; $2,672 in SG&A). Headcount affected was not disclosed. The broader supply chain actions restructuring charge was $53,651 thousand within $63,486 thousand of total restructuring and other action-related charges; an ending severance accrual of $7,120 thousand remained at year-end, indicating residual payments. | |||
| 2019-12-28 | restructuring | in_progress | Primarily Western Hemisphere | Supply chain / corporate overhead | USD 53,651 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2019 charge for reducing overhead costs, principally within the Western Hemisphere network; includes $12,392 thousand of employee termination and other benefits for separation programs approved during 2019. No headcount affected is disclosed. | ||||
| 2019-12-28 | restructuring | in_progress | United States | Activewear / Innerwear — program exits | USD 4,616 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Costs associated with exiting the C9 Champion program at a major mass retailer (Target) and the DKNY intimate apparel license; both exits are expected to impact 2020 results. No headcount affected is disclosed. | ||||
| 2019-12-28 | restructuring | in_progress | Not specified | Corporate | USD 5,219 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2019 charge covering acquisition and integration costs for smaller acquisitions (e.g., Bras N Things) plus other action-related costs including corporate workforce reductions. No headcount affected is disclosed. | ||||
| 2019-12-28 | restructuring | completed | 2019-01-01 | 2019-12-28 | Western Hemisphere | Supply Chain | USD 54 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Supply chain actions including reduction of overhead costs. | ||
| 2019-12-28 | restructuring | completed | 2019-01-01 | 2019-12-28 | Global | Activewear | USD 5 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Program exit costs associated with exiting C9 Champion business with Target and DKNY license. | ||
| 2019-12-28 | restructuring | completed | 2019-01-01 | 2019-12-28 | Global | Corporate | USD 5 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Other acquisitions and other action-related costs including corporate workforce reductions. | ||
| 2019-09-28 | restructuring | in_progress | Primarily Western Hemisphere | Supply chain / corporate overhead | USD 12,392 (thousands) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | During the nine months ended September 28, 2019 the Company approved actions to close certain supply chain facilities and reduce overhead costs, incurring $12,392 thousand of employee termination and other separation-program benefits ($9,720 in cost of sales, $2,672 in SG&A). Ending accrual was $11,517 thousand ($9,548 accrued liabilities, $1,969 other noncurrent liabilities). No employee count, announcement date, or completion date disclosed. Related supply chain action charges of $39,714 thousand (YTD) and $9,424 thousand (Q3) are reported within acquisition, integration and other action-related costs; not separately extracted to avoid double-counting. | ||||
| 2019-09-28 | restructuring | in_progress | Western Hemisphere | Supply chain | USD 12,392 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Nine months ended Sept 28, 2019: Approved actions to close certain supply chain facilities and reduce overhead costs. Incurred charges of $12.4M for employee termination and other benefits. Ending accrual of $11.5M. | ||||
| 2019-06-29 | restructuring | in_progress | Primarily Western Hemisphere | Supply chain / overhead | USD 11 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approved actions to close certain supply chain facilities and reduce overhead costs; charges for employee termination and other benefits. Ending accrual of $16.239M. Headcount not disclosed. | ||||
| 2019-06-29 | acquisition_addition | completed | 2018-02-12 | Australia | International — Bras N Things | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Bras N Things acquisition; purchase price allocation finalized in Q1 2019. Headcount added not disclosed. | ||||
| 2019-06-29 | restructuring | in_progress | Western Hemisphere | Supply chain | USD 11,092 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges for employee termination and other benefits for employees affected by separation programs related to supply chain facility closures and overhead reduction. Employee count not disclosed. | ||||
| 2019-03-30 | restructuring | in_progress | Primarily Western Hemisphere (overhead reduction); supply chain facilities not specified | Supply chain and corporate overhead | USD 8 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2019 actions to close certain supply chain facilities and reduce overhead; $8,045K for employee termination and other benefits ($5,373K in cost of sales, $2,672K in SG&A). Ending accrual $16,874K. No employee count disclosed. | ||||
| 2019-03-30 | acquisition_addition | completed | 2018-02-12 | Australia | International (Bras N Things) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition closed February 12, 2018; purchase price allocation finalized in Q1 2019 with a $792K goodwill measurement-period adjustment. No headcount added disclosed. | ||||
| 2019-03-30 | restructuring | in_progress | 2019-03-30 | Western Hemisphere | Supply Chain | USD 8,045 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Company approved actions to close certain supply chain facilities and reduce overhead costs. Incurred charges of $8.0 million for employee termination and other benefits. Employee count not disclosed. | |||
| 2018-12-29 | acquisition_addition | completed | 2018-02-12 | 2018-02-12 | Australia, New Zealand, South Africa | International | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired 100% of BNT Holdco Pty Limited for A$498.2M (US$391.6M, later revised to US$389.2M); approximately 170 retail stores at acquisition date. Headcount added not disclosed; subsidiary excluded from ICFR assessment (0.2% of assets, 1.8% of revenues). | |||
| 2018-12-29 | restructuring | in_progress | 2015-01-01 | Europe | Innerwear | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Multi-year program initiated in 2015 to eliminate non-essential/duplicative management and administrative positions; only FY2018 activity captured. During 2018, net benefit payments, accrual and FX adjustments of $11,496 thousand reduced the accrual to $10,806 thousand ($5,641K current, $5,165K noncurrent). Employees affected and FY2018 charge not separately disclosed. | ||||
| 2018-12-29 | acquisition_addition | completed | 2018-02-12 | 2018-02-12 | Australia, New Zealand, South Africa | International | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquired 100% of Bras N Things. Headcount not explicitly disclosed in filing. | |||
| 2018-12-29 | restructuring | in_progress | 2015-01-01 | Europe | Hanes Europe Innerwear | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Multi-year program to eliminate non-essential/duplicative management and administrative positions. Accrual of $10.8 million remained at year-end. Employee count not explicitly disclosed. | ||||
| 2018-09-29 | restructuring | in_progress | 2015-01-01 | Europe | Management and administrative functions | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing Hanes Europe Innerwear program; positions deemed non-essential or duplicative. Accrual roll-forward disclosed ($22.302M at Dec 30, 2017; $8.484M of net payments/adjustments in 9M 2018; $13.818M ending accrual) but no employee count given. | |||
| 2018-09-29 | acquisition_addition | completed | 2018-02-12 | Australia, New Zealand, South Africa | International | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired 100% of BNT Holdco Pty Limited; operates ~170 stores plus e-commerce. No employee headcount disclosed for the acquired workforce. | ||||
| 2018-09-29 | restructuring | in_progress | 2015-01-01 | Europe | Management and administrative | USD 8,484 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Net benefit payments, accrual adjustments, and foreign currency adjustments for Hanes Europe Innerwear management/administrative positions identified as non-essential in 2015. Ending accrual of $13.8 million. | |||
| 2018-06-30 | acquisition_addition | completed | 2018-02-12 | Australia, New Zealand, South Africa | International | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 100% equity acquisition of BNT Holdco Pty Limited closed 2018-02-12; approximately 170 stores and e-commerce platform. No employee headcount for the acquired workforce is disclosed in this filing. | ||||
| 2018-06-30 | restructuring | in_progress | Europe | Innerwear | USD 17,031 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Hanes Europe Innerwear acquisition integration charges for six months ended June 30, 2018. Includes severance and other benefits for non-essential/duplicative positions identified in 2015. Accrual balance was $17.7 million as of June 30, 2018. | ||||
| 2018-06-30 | restructuring | in_progress | Australia | International | USD 12,739 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Hanes Australasia acquisition integration charges for six months ended June 30, 2018. | ||||
| 2018-06-30 | acquisition_addition | completed | 2018-02-12 | Australia, New Zealand, South Africa | International | USD 3,276 (thousands) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Bras N Things. Headcount not disclosed. Integration charges of $3.3 million recorded for six months ended June 30, 2018. | |||
| 2018-06-30 | restructuring | in_progress | Europe | Activewear | USD 2,958 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Champion Europe acquisition integration charges for six months ended June 30, 2018. | ||||
| 2018-06-30 | restructuring | in_progress | Global | Corporate | USD 8,778 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Smaller acquisitions and other action-related costs (including supply chain network changes) for six months ended June 30, 2018. | ||||
| 2018-03-31 | acquisition_addition | completed | 2018-02-12 | Australia, New Zealand, South Africa | International | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of BNT Holdco Pty Limited completed 2018-02-12 for A$498 million. Operates ~170 stores plus e-commerce. No employee headcount disclosed. | ||||
| 2018-03-31 | restructuring | in_progress | Europe | Innerwear | USD 9 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Hanes Europe Innerwear integration charges of $8.576M in Q1 2018 (down from $19.878M in Q1 2017). Related termination benefit accrual of $19.789M remains at quarter-end; no employee count disclosed. | ||||
| 2018-03-31 | restructuring | in_progress | Australia | International | USD 6 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Hanes Australasia integration charges of $6.092M in Q1 2018 (down from $12.008M in Q1 2017). No employee count disclosed. | ||||
| 2018-03-31 | restructuring | in_progress | Europe | International | USD 2 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Champion Europe integration charges of $1.88M in Q1 2018. No employee count disclosed. | ||||
| 2018-03-31 | restructuring | in_progress | United States | Corporate | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A references cost savings from corporate headcount reduction efforts undertaken in 2017; no employee count or charge disclosed for the current quarter. | |||||
| 2018-03-31 | restructuring | in_progress | Europe | Innerwear | USD 2,513 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Benefit payments and foreign currency adjustments related to Hanes Europe Innerwear management and administrative positions identified as non-essential in 2015. | ||||
| 2018-03-31 | acquisition_addition | completed | 2018-02-12 | Australia, New Zealand, South Africa | International | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Bras N Things. Headcount not explicitly disclosed. | ||||
| 2018-03-31 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] / U.S. Corporate Workforce [Member] | USD 19,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-12-30 | restructuring | in_progress | 2015 | Europe | Hanes Europe Innerwear — management and administrative positions | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year program identified in 2015 to eliminate non-essential and duplicative management and administrative positions following the Hanes Europe Innerwear acquisition. Fiscal 2017 activity: approximately $10,240 thousand of benefit payments and foreign currency adjustments against a $32,542 thousand opening accrual, leaving a $22,302 thousand accrual at December 30, 2017. Number of affected employees not disclosed. | ||||
| 2017-12-30 | reduction_in_force | in_progress | 2017 | United States | U.S. corporate office; employees primarily in Innerwear and Activewear segments | USD 14,671 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Separation programs approved in the first quarter of 2017 to resize the U.S. corporate office workforce. Fiscal 2017 severance accrual of approximately $14,671 thousand (majority recorded in selling, general and administrative expenses); approximately $12,049 thousand of benefit payments made during 2017, leaving a $2,622 thousand accrual at December 30, 2017. Connected to Project Booster headcount reduction efforts referenced in MD&A. | |||
| 2017-12-30 | plant_closure | completed | 2017 | Nanjing, China | Textile manufacturing (Asia production realignment) | USD 8,534 (thousands) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Nanjing textile plant closed in the first quarter of 2017 to realign Asia textile production with the company's global commercial footprint. Fiscal 2017 charges of approximately $8,534 thousand for employee termination benefits plus $4,002 thousand of facility exit costs, both recorded in cost of sales; approximately $8,167 thousand of benefit payments and currency adjustments made during 2017, leaving a $367 thousand accrual. Plant valued at $65,570 thousand classified as assets held for sale at December 30, 2017. Affected employee count not disclosed. | |||
| 2017-12-30 | restructuring | in_progress | 2017 | 2019 | Global | Overhead / corporate functions and supply chain | MD&A f5-10k / GLM-5.3-flash-HTML | Multi-year program begun in 2017 that includes expected reductions in overhead, including headcount, alongside supply chain optimization and distribution network investment. Targets approximately $150 million of annualized cost savings (about $50 million to be reinvested, roughly $100 million net) plus approximately $200 million of non-recurring working capital improvements, with annual run rates expected by end of 2019. Specific headcount reduction targets not quantified; the Q1 2017 U.S. corporate office headcount action is captured separately. | |||
| 2017-12-30 | restructuring | in_progress | 2017-03-31 | United States | Corporate office; primarily Innerwear and Activewear segments | USD 15 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approved in Q1 2017 to resize the U.S. corporate office workforce through separation programs; approximately $14.7M accrued for termination and other benefits during 2017, of which approximately $12.0M was paid, leaving a $2.6M accrual at year-end. Headcount affected not disclosed. Part of the Project Booster program. | |||
| 2017-12-30 | plant_closure | completed | 2017-03-31 | 2017-12-30 | China | Asia textile manufacturing (Nanjing plant) | USD 13 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Nanjing, China textile plant closed in Q1 2017 to realign Asia textile production; approximately $8.5M accrued for employee termination and other benefits plus $4.0M of other facility exit costs, recorded in cost of sales. Approximately $8.2M paid during 2017, leaving a $0.4M accrual. Plant valued at $65.6M classified as held for sale at year-end. Headcount affected not disclosed. | ||
| 2017-12-30 | restructuring | in_progress | 2015-12-31 | Europe | Hanes Europe Innerwear — management and administrative positions | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Multi-year Hanes Europe Innerwear integration program originating in 2015. During 2017 approximately $10.2M of benefit payments and FX adjustments were made against the prior-year $32.5M accrual, leaving a $22.3M balance at year-end ($11.5M current, $10.8M noncurrent). No new 2017 charge or headcount disclosed; figures reflect current-year activity on a cumulative program. | ||||
| 2017-12-30 | acquisition_addition | completed | 2017-10-13 | 2017-10-13 | United States | Activewear | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of 100% of Alternative Apparel, Inc. for approximately $62.3M consideration; headcount added not disclosed. Alternative Apparel excluded from the assessment of internal control over financial reporting (0.5% of total assets, 0.3% of total revenues). | |||
| 2017-12-30 | divestiture_reduction | completed | 2017-02-28 | 2017-04-30 | Australia | Discontinued operations — Dunlop Flooring | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Dunlop Flooring business acquired with Hanes Australasia in 2016 and sold in February 2017 for AUD$34.6M ($26.2M) net proceeds, with a working-capital adjustment in April 2017; pre-tax loss of approximately $2.1M. Headcount removed not disclosed. | |||
| 2017-12-30 | divestiture_reduction | completed | 2017-03-31 | 2017-04-30 | Australia | Discontinued operations — Tontine Pillow | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Tontine Pillow business acquired with Hanes Australasia in 2016 and sold in March 2017 for AUD$13.5M ($10.4M) net proceeds, with a working-capital adjustment paid in April 2017; net pre-tax gain of approximately $1.9M. Headcount removed not disclosed. | |||
| 2017-12-30 | acquisition_addition | announced | 2018-02-02 | 2018-02-28 | Australia and New Zealand | International — intimate apparel retail and e-commerce | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Share Purchase Agreement signed 2018-02-02 to acquire 100% of BNT Holdco Pty Limited (Bras N Things) for AUD$500M less net indebtedness, funded with cash on hand; approximately 170 stores. Expected to close by mid-February 2018. Headcount not disclosed. | |||
| 2017-12-30 | restructuring | completed | 2017-03-01 | 2017-12-30 | United States | Corporate / Innerwear / Activewear | USD 15 (thousands) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Approved action to resize U.S. corporate office workforce through separation programs affecting employees primarily in Innerwear and Activewear segments. Accrued $14,671 for employee termination and other benefits. | ||
| 2017-12-30 | plant_closure | completed | 2017-01-01 | 2017-03-31 | China | Manufacturing | USD 8,534 (thousands) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Closed Nanjing, China textile plant in first quarter 2017. Accrued $8,534 for employee termination and other benefits. | ||
| 2017-09-30 | restructuring | in_progress | 2015 | Europe | Corporate / administrative functions | USD 32,542 (thousands) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Hanes Europe Innerwear integration: identified non-essential and/or duplicative management and administrative positions for elimination. Accrual was $32,542 at 2016-12-31; $9,836 of benefit payments and FX adjustments during the nine months, leaving a $22,706 accrual at 2017-09-30. No employee count disclosed. | |||
| 2017-09-30 | restructuring | in_progress | 2017-04-01 | United States | U.S. corporate office; primarily Innerwear and Activewear segments | USD 10,145 (thousands) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approved in Q1 2017 to resize the U.S. corporate office workforce through separation programs; accrual of $10,145 as of 2017-04-01. During the nine months, $8,477 of payments plus a $4,653 additional accrual left a $6,321 balance. Announcement date is the accrual reference date; exact approval date not stated. No employee count disclosed. | |||
| 2017-09-30 | plant_closure | in_progress | 2017-04-01 | China | Asia textile production (Nanjing textile plant) | USD 8,534 (thousands) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nanjing, China textile plant closed in Q1 2017 to realign Asia textile production. Accrual of $8,534 for employee termination and other benefits as of 2017-04-01, plus $2,831 of other facility exit costs recorded in cost of sales. Plant valued at $65,570 classified as held for sale at 2017-09-30. No employee count disclosed. | |||
| 2017-09-30 | divestiture_reduction | completed | 2017-02 | 2017-02 | Australia | Dunlop Flooring business (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Dunlop Flooring sold in February 2017 for AUD$34,564 ($26,219) net proceeds, resulting in a pre-tax loss of $2,083. No headcount disclosed. | |||
| 2017-09-30 | divestiture_reduction | completed | 2017-03 | 2017-03 | Australia | Tontine Pillow business (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Tontine Pillow sold in March 2017 for AUD$13,500 ($10,363) net proceeds, resulting in a net pre-tax gain of $1,856. No headcount disclosed. | |||
| 2017-09-30 | acquisition_addition | announced | 2017-10-13 | 2017-10-13 | United States | Activewear | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Alternative Apparel, Inc. acquired 2017-10-13 in an all-cash transaction valued at approximately $60,000 thousand on an enterprise value basis; funded with cash on hand and Revolving Loan Facility borrowings. Treated as immaterial by the filer, which provided no additional disclosures including headcount. | |||
| 2017-09-30 | restructuring | in_progress | 2017-01-01 | Europe | Innerwear | USD 38,528 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Hanes Europe Innerwear acquisition-related and integration costs for nine months ended Sept 30, 2017. Includes employee termination and other benefits for non-essential/duplicative positions identified in 2015. Accrual of $22.7M remains. | |||
| 2017-09-30 | restructuring | in_progress | 2017-01-01 | United States | Corporate | USD 14,798 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | U.S. corporate office workforce resize approved in Q1 2017 affecting Innerwear and Activewear segments. Initial accrual $10.1M, additional accrual $4.7M, payments $8.5M. Ending accrual $6.3M. | |||
| 2017-09-30 | plant_closure | completed | 2017-01-01 | China | Manufacturing | USD 11,365 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Nanjing, China textile plant closed in Q1 2017. Initial accrual $8.5M for employee termination/benefits plus $2.8M facility exit costs. Payments $8.1M. Ending accrual $0.5M. | |||
| 2017-09-30 | restructuring | in_progress | 2017-01-01 | Australia | International | USD 27,361 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Hanes Australasia acquisition-related and integration costs for nine months ended Sept 30, 2017. | |||
| 2017-09-30 | restructuring | in_progress | 2017-01-01 | Europe | Activewear | USD 8,096 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Champion Europe acquisition-related and integration costs for nine months ended Sept 30, 2017. | |||
| 2017-09-30 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] / U.S. Corporate Workforce [Member] | USD 4,653,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-07-01 | restructuring | in_progress | 2015 | Europe | Hanes Europe Innerwear | USD 26,752 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Positions identified as non-essential or duplicative; remaining accrual of $26,752 thousand at July 1, 2017 after $5,790 thousand of benefit payments and FX adjustments during the six months. | |||
| 2017-07-01 | reduction_in_force | in_progress | 2017-04-01 | United States | U.S. corporate office; primarily Innerwear and Activewear segments | USD 10,145 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approved in Q1 2017 to resize U.S. corporate office workforce via separation programs; initial accrual $10,145 thousand as of April 1, 2017; ending accrual $11,326 thousand at July 1, 2017 after $3,370 thousand payments and $4,551 thousand additional accrual. No employee count disclosed. | |||
| 2017-07-01 | plant_closure | in_progress | 2017-04-01 | China | Asia textile production (Nanjing plant) | USD 8,534 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nanjing textile plant closed in Q1 2017 to realign Asia textile production; $8,534 thousand employee termination accrual plus $2,831 thousand facility exit costs in cost of sales; plant valued at $65,570 thousand classified as held for sale at July 1, 2017. No employee count disclosed. | |||
| 2017-07-01 | divestiture_reduction | completed | 2017-02-01 | 2017-02-28 | Australia | Dunlop Flooring (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sold in February 2017 for AUD$34,564 ($26,219) net cash proceeds, resulting in a pre-tax loss of $2,083; no employee count disclosed. | |||
| 2017-07-01 | divestiture_reduction | completed | 2017-03-01 | 2017-03-31 | Australia | Tontine Pillow (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sold in March 2017 for AUD$13,500 ($10,363) net cash proceeds, resulting in a net pre-tax gain of $1,856; no employee count disclosed. | |||
| 2017-07-01 | restructuring | in_progress | 2017-01-01 | Europe | Hanes Europe Innerwear | USD 32,542 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Accrued $32.5M at Dec 31, 2016 for non-essential/duplicative positions; $5.8M payments/adjustments in H1 2017; ending accrual $26.8M. | |||
| 2017-07-01 | restructuring | in_progress | 2017-04-01 | United States | Corporate / Innerwear / Activewear | USD 10,145 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Approved Q1 2017 to resize U.S. corporate office; accrued $10.1M at Apr 1, 2017; additional $4.6M accrued and $3.4M paid in Q2; ending accrual $11.3M. | |||
| 2017-07-01 | plant_closure | in_progress | 2017-01-01 | China | Textile Production | USD 8,534 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closed Nanjing textile plant in Q1 2017; accrued $8.5M at Apr 1, 2017; $6.9M payments/adjustments in Q2; ending accrual $1.6M. Includes $2.8M facility exit costs. | |||
| 2017-07-01 | restructuring | in_progress | Selling, General and Administrative Expenses [Member] / U.S. Corporate Workforce [Member] | USD 4,551,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-04-01 | voluntary_separation | in_progress | United States | U.S. corporate office; primarily Innerwear and Activewear segments | USD 10,145 (thousands) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Voluntary separation program approved in Q1 2017 to resize U.S. corporate office workforce; accrual at 2017-04-01, no benefit payments yet made; headcount not disclosed. | ||||
| 2017-04-01 | plant_closure | in_progress | China (Nanjing) | Asia textile production; charges in general corporate expenses | USD 8,534 (thousands) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Textile plant closed in Q1 2017 to realign Asia production; accrual for employee termination and other benefits, plus $2,831 thousand facility exit costs in cost of sales; plant valued at $65,570 thousand classified as held for sale; headcount not disclosed. | ||||
| 2017-04-01 | restructuring | in_progress | 2015 | Europe | Hanes Europe Innerwear — management and administrative positions | USD 30,268 (thousands) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ongoing program from 2015 to eliminate non-essential and duplicative roles; figure is remaining accrual at 2017-04-01 after $2,274 thousand of benefit payments and FX adjustments in the quarter; original headcount not disclosed. | |||
| 2017-04-01 | divestiture_reduction | completed | 2017-02 | 2017-02 | Australia | Dunlop Flooring business (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sold for AUD$34,564 ($26,219) net cash proceeds, resulting in a pre-tax loss of $2,331 thousand; associated headcount not disclosed. | |||
| 2017-04-01 | divestiture_reduction | completed | 2017-03 | 2017-03 | Australia | Tontine Pillow business (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sold for AUD$13,500 ($10,363) net cash proceeds, resulting in a net pre-tax gain of $1,565 thousand; associated headcount not disclosed. | |||
| 2017-04-01 | voluntary_separation | in_progress | 2017-01-01 | United States | Corporate; Innerwear; Activewear | USD 10,145 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Voluntary separation program affecting U.S. corporate office workforce, primarily in Innerwear and Activewear segments. Accrued $10.1 million for employee termination and other benefits as of April 1, 2017. No benefit payments made as of quarter end. | |||
| 2017-04-01 | plant_closure | completed | 2017-01-01 | China | Corporate; Textile Production | USD 11,365 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closed Nanjing, China textile plant to realign Asia textile production. Accrued $8.5 million for employee termination and other benefits, plus $2.8 million for facility exit costs. Total charge reflected in Cost of Sales. | |||
| 2017-04-01 | restructuring | in_progress | 2015-01-01 | Europe | Hanes Europe Innerwear | USD 30,268 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Ongoing elimination of non-essential/duplicative management and administrative positions identified in 2015. Accrual of $30.3 million as of April 1, 2017, following $2.3 million in benefit payments and FX adjustments during the quarter. | |||
| 2016-12-31 | restructuring | in_progress | Europe (Hanes Europe Innerwear) | Management and administrative positions identified as non-essential and/or duplicative | USD 53,866 (thousands) | other f5-10k / GLM-5.3-flash-HTML | Multi-year integration program stemming from the August 2014 Hanes Europe Innerwear acquisition; no announcement date or affected headcount disclosed. Severance and other termination benefit accrual of $53.9 million was recognized in prior fiscal years and stood at January 2, 2016 (no new fiscal 2016 charge disclosed); $21.3 million of benefits were paid during 2016, leaving a $32.5 million accrual at December 31, 2016. | ||||
| 2016-12-31 | acquisition_addition | completed | 2016-06-30 | Europe, Middle East and Africa | International | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | All-cash acquisition of Champion Europe S.p.A. completed June 30, 2016 for roughly $245.6 million (including about $45.3 million of estimated contingent consideration); acquired employee headcount not disclosed. | ||||
| 2016-12-31 | acquisition_addition | completed | 2016-07-14 | Australia and New Zealand | International | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of Pacific Brands Limited completed July 14, 2016 for AUD$1,049 million (approximately $801 million); acquired employee headcount not disclosed. | ||||
| 2016-12-31 | acquisition_addition | completed | 2016-09 | United States and Italy | GTM (Activewear/teamwear); Universo (International retail, Italy) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Two acquisitions (It's Greek to Me/GTM Retail and Universo Sport) completed September 2016 for combined consideration of approximately $24.4 million; described by the filer as immaterial. Employee headcount not disclosed. | ||||
| 2016-12-31 | divestiture_reduction | completed | 2016-12-15 | 2017-02-01 | Australia | Discontinued operations (business acquired with Hanes Australasia) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Business deemed not a strategic fit following the July 2016 Hanes Australasia acquisition and classified as discontinued operations in Q3 2016. Definitive agreement signed December 15, 2016 to sell to Victoria PLC for AUD$34 million; sale completed February 1, 2017 (subsequent to fiscal year-end) with an insignificant pre-tax gain. Employee headcount not disclosed. | |||
| 2016-12-31 | divestiture_reduction | in_progress | 2016-12-15 | 2017-03 | Australia | Discontinued operations (business acquired with Hanes Australasia) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Business deemed not a strategic fit following the July 2016 Hanes Australasia acquisition and classified as discontinued operations in Q3 2016. Definitive agreement signed December 15, 2016 to sell to John Cotton Group for AUD$14 million; completion expected in the first quarter of 2017. Employee headcount not disclosed. | |||
| 2016-12-31 | acquisition_addition | completed | 2016-06-30 | 2016-06-30 | Europe, Middle East and Africa | International | USD 11 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired Champion Europe S.p.A. for approximately €221 million enterprise value; contributed net revenues of $103.8 million post-acquisition. Acquisition and integration costs of $10,972 thousand recorded in corporate expenses; acquired headcount not disclosed. | ||
| 2016-12-31 | acquisition_addition | completed | 2016-07-14 | 2016-07-14 | Australia | International | USD 31 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired Pacific Brands Limited for AUD$1,049 million (~$801 million); contributed net revenues of $281.4 million post-acquisition. Acquisition and integration costs of $30,783 thousand recorded in corporate expenses; acquired headcount not disclosed. | ||
| 2016-12-31 | acquisition_addition | completed | 2016-09-30 | 2016-09-30 | United States; Italy | Activewear; Direct to Consumer | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Completed two immaterial acquisitions — It's Greek to Me, Inc./GTM Retail, Inc. and Universo Sport S.p.A — for total consideration of $24,441 thousand; added $13 million of Activewear net sales in 2016. Headcount not disclosed. | |||
| 2016-12-31 | divestiture_reduction | announced | 2016-12-15 | 2017-03-31 | Australia | Discontinued operations (Dunlop Flooring and Tontine Pillow) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Entered definitive agreements to sell Dunlop Flooring (AUD$34 million) and Tontine Pillow (AUD$14 million), acquired with Hanes Australasia and deemed non-strategic. Dunlop sale completed 2017-02-01; Tontine expected to close in Q1 2017. Headcount not disclosed. | |||
| 2016-12-31 | restructuring | in_progress | Europe | International (Hanes Europe Innerwear) | USD 21 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Multi-year Hanes Europe Innerwear integration program. Accrual of $53,866 thousand at Jan 2, 2016; $21,324 thousand of benefit payments made during fiscal 2016, leaving a $32,542 thousand accrual at Dec 31, 2016. Employees affected not disclosed; charge shown is current-year cash payments, not a current-year P&L charge. | ||||
| 2016-10-01 | acquisition_addition | completed | 2016-06-30 | 2016-06-30 | Europe, Middle East and Africa | International | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | All-cash acquisition of Champion Europe S.p.A. (Champion trademark for EMEA) valued at $245,069 thousand including $45,277 thousand contingent consideration; no headcount added disclosed. Acquisition/integration charges of $7,550 thousand in general corporate expenses since acquisition. | |||
| 2016-10-01 | acquisition_addition | completed | 2016-07-14 | 2016-07-14 | Australia | International | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired 100% of Pacific Brands Limited for AUD$1,049,360 ($800,871 thousand); no headcount added disclosed. Acquisition/integration charges of $19,575 thousand in general corporate expenses since acquisition. Existing workforce referenced as a goodwill driver but not quantified. | |||
| 2016-10-01 | restructuring | in_progress | Europe | International (Hanes Europe Innerwear) | USD 39,959 (thousands) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Hanes Europe Innerwear acquisition-related elimination of non-essential and duplicative management/administrative positions. Approximately $54,000 thousand accrued as of January 2, 2016; $14,041 thousand of benefit payments made through October 1, 2016, leaving a $39,959 thousand accrual ($25,635 thousand in accrued liabilities, $14,324 thousand in other noncurrent liabilities). Number of employees affected not disclosed. | ||||
| 2016-10-01 | divestiture_reduction | announced | 2016-07-14 | 2017-07-14 | Australia | Discontinued operations (Tontine Pillow and Dunlop Flooring) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Businesses acquired with Pacific Brands deemed not a strategic fit; held for sale and being marketed to prospective buyers, with sale expected within one year of the acquisition date. Workforce impact not quantified; net assets of discontinued operations of $16,061 thousand. | |||
| 2016-10-01 | restructuring | in_progress | Europe | Hanes Europe Innerwear | USD 18,673 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Elimination of non-essential and/or duplicative management and administrative positions. Accrual of $39.9 million as of Oct 1, 2016 for employee termination and other benefits. | ||||
| 2016-10-01 | acquisition_addition | completed | 2016-07-14 | Australia | International | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Pacific Brands Limited. Headcount not explicitly disclosed. | ||||
| 2016-10-01 | acquisition_addition | completed | 2016-06-30 | Europe, Middle East, Africa | International | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Champion Europe S.p.A. Headcount not explicitly disclosed. | ||||
| 2016-07-02 | restructuring | in_progress | Europe | Innerwear (Hanes Europe Innerwear) | USD 43,525 (thousands) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Positions deemed non-essential or duplicative under the Hanes Europe Innerwear integration strategy. No employee count disclosed. Accrual was $54,000 thousand at 2016-01-02; $10,475 thousand of benefits paid through 2016-07-02, leaving $43,525 thousand ($24,890 thousand in accrued liabilities, $18,635 thousand in other noncurrent liabilities). Charges recognized in prior periods in cost of sales and SG&A. | ||||
| 2016-07-02 | acquisition_addition | completed | Europe, Middle East, Africa | International | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired 100% of Champion Europe S.p.A. on 2016-06-30 for total purchase price of $245,069 thousand (including $45,277 thousand estimated contingent consideration). No headcount of employees acquired disclosed; purchase price allocation is preliminary. | |||||
| 2016-07-02 | acquisition_addition | completed | Australia | International | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired 100% of Pacific Brands Limited on 2016-07-14 in an all-cash transaction valued at approximately $800,000 thousand enterprise value. Closed after quarter end but before filing; initial accounting for the business combination not complete, so no headcount or purchase price allocation disclosed. | |||||
| 2016-07-02 | restructuring | in_progress | Europe | Management and administrative | USD 43,525 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Accrual for employee termination and other benefits for non-essential/duplicative positions identified in Hanes Europe Innerwear acquisition strategy. Accrual balance as of July 2, 2016. | ||||
| 2016-07-02 | acquisition_addition | completed | 2016-06-30 | Europe, Middle East, Africa | International | USD 245,069 (thousands) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of 100% of Champion Europe S.p.A. Headcount not explicitly disclosed. | |||
| 2016-07-02 | acquisition_addition | completed | 2016-07-14 | Australia | International | USD 800,000 (thousands) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Pacific Brands Limited. Headcount not explicitly disclosed. | |||
| 2016-04-02 | restructuring | in_progress | Europe | Hanes Europe Innerwear — management and administrative positions | USD 50,269 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Positions deemed non-essential or duplicative identified under Hanes Europe Innerwear acquisition strategy; $3,731 thousand of benefits paid as of quarter-end; $30,596 thousand in accrued liabilities and $19,673 thousand in other noncurrent liabilities. No employee count disclosed. | ||||
| 2016-04-02 | acquisition_addition | completed | 2015-04-06 | 2015-04-06 | United States | Activewear — licensed collegiate logo apparel | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Knights Holdco, Inc. completed April 6, 2015 for $192,888 thousand enterprise value; purchase price allocation finalized in Q1 2016 with goodwill measurement-period adjustment of $3,551 thousand. No headcount added disclosed. | |||
| 2016-04-02 | acquisition_addition | announced | 2016-04-07 | 2016-06-30 | Europe, Middle East and Africa | Champion brand (EMEA) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to acquire Champion Europe S.p.A.; purchase price at 10x CY2016 EBITDA (~€20 million) subject to adjustments; expected to close midyear 2016. No headcount disclosed. | |||
| 2016-04-02 | restructuring | in_progress | Europe | Hanes Europe Innerwear | USD 50,269 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Accrued approximately $50.3 million for employee termination and other benefits for non-essential/duplicative management and administrative positions. $3.7 million paid as of April 2, 2016. | ||||
| 2016-01-02 | acquisition_addition | completed | 2015-04-06 | 2015-04-06 | United States | Activewear | USD 192,888 (thousands) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | All-cash acquisition of Knights Holdco, Inc. completed April 6, 2015, valued at approximately $192,888 thousand on an enterprise value basis (MD&A rounds to $193 million); funded with cash on hand and short-term Revolving Loan Facility borrowings. Number of employees added through the acquisition is not disclosed; results reported within the Activewear segment. | ||
| 2016-01-02 | restructuring | in_progress | Management and administrative positions (non-essential and/or duplicative) | USD 54,000 (thousands) | other f5-10k / GLM-5.3-flash-HTML | Duplicative management and administrative positions identified for elimination as part of the Hanes Europe Innerwear acquisition integration strategy. Approximately $54,000 thousand accrued for employee termination and other benefits as of January 2, 2016, split $27,300 in accrued liabilities and $26,700 in other noncurrent liabilities; no significant benefit payments had been made as of year-end. Headcount affected not disclosed. | |||||
| 2016-01-02 | other | in_progress | China | International — commercial sales organization | USD 34,255 (thousands) | MD&A f5-10k / GLM-5.3-flash-HTML | Company exited its commercial sales organization in the China market. A significant majority of 2015 'Other costs' of $34,255 thousand (within the $266 million of acquisition, integration and other action related charges) are non-cash and relate to this exit; comparable charges of $31,932 thousand were recorded in 2014, indicating the exit spanned both fiscal years. Headcount affected not disclosed; the exit is described as immaterial to consolidated results and to the International business. | ||||
| 2016-01-02 | acquisition_addition | completed | 2015-04-06 | 2015-04-06 | United States | Activewear | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | All-cash acquisition of Knights Apparel valued at approximately $193 million; headcount added not quantified. Knights Apparel excluded from ICFR assessment (5% of total assets, 3% of revenues). | |||
| 2016-01-02 | restructuring | in_progress | 2014-08-25 | Europe | Corporate / International (Hanes Europe Innerwear integration) | USD 54 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately $54 million accrued for termination and other benefits for identified non-essential and duplicative Hanes Europe Innerwear positions; $27.3M in accrued liabilities and $26.7M in other noncurrent liabilities; no significant benefit payments made through year-end. Headcount affected not disclosed. Cumulative program activity since the August 2014 acquisition. | |||
| 2016-01-02 | restructuring | completed | China | Commercial sales organization | USD 34 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Exit of the commercial sales organization in the China market; a significant majority of the $34.3 million of 2015 Other costs is non-cash. Headcount affected not disclosed; described as immaterial to consolidated results. | ||||
| 2016-01-02 | restructuring | completed | China | Commercial Sales Organization | USD 34,255 (thousands) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Exit of commercial sales organization in China market. Charges primarily non-cash. Immaterial to consolidated results. | ||||
| 2016-01-02 | restructuring | completed | Global | Corporate | USD 184,019 (thousands) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Acquisition and integration costs including severance for Hanes Europe Innerwear, Maidenform, and Knights Apparel. | ||||
| 2016-01-02 | restructuring | completed | Global | Corporate | USD 47,786 (thousands) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Foundational costs associated with building infrastructure to support and integrate current and future acquisitions. | ||||
| 2016-01-02 | restructuring | in_progress | Europe | Hanes Europe Innerwear | USD 54,000 (thousands) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Accrued approximately $54 million for employee termination and other benefits for non-essential/duplicative positions. No significant benefit payments made as of Jan 2, 2016. | ||||
| 2015-10-03 | acquisition_addition | completed | 2015-04-06 | United States | Activewear | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Knights Holdco completed April 6, 2015 for about $193.5 million; no employee count disclosed for the acquired workforce | ||||
| 2015-10-03 | restructuring | in_progress | Europe | Management and administrative functions | USD 55 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Hanes Europe integration: non-essential and duplicative management/administrative positions slated for elimination; about $55 million accrued for termination and other benefits, split $17.2 million in accrued liabilities and $37.8 million in other noncurrent liabilities; no headcount disclosed | ||||
| 2015-10-03 | restructuring | in_progress | China | Commercial sales organization | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Exit from the commercial organization in the China market; charges largely non-cash within $31.7 million of nine-month Other costs; described as immaterial to consolidated results; no headcount disclosed | |||||
| 2015-10-03 | restructuring | completed | Corporate | USD 13 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Maidenform integration concluded in the third quarter of 2015 with no further activities expected; $13.3 million of Maidenform integration costs in the quarter and $28.2 million year to date; no headcount disclosed | |||||
| 2015-10-03 | restructuring | in_progress | Europe | Management and administrative | USD 55,000 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Accrued approx $55,000 for employee termination and other benefits for non-essential/duplicative positions identified as part of Hanes Europe acquisition strategy. No significant benefit payments made as of Oct 3, 2015. | ||||
| 2015-10-03 | other | completed | China | Commercial sales organization | USD 31,680 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Exit from commercial organization in China market. Charges included in 'Other costs' for nine months ended Oct 3, 2015. | ||||
| 2015-07-04 | restructuring | in_progress | Europe | Corporate — management and administrative functions | USD 56 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | As part of the Innerwear Europe (DBApparel) integration, non-essential and/or duplicative management and administrative positions were identified for elimination. $56M accrued for employee termination and other benefits as of July 4, 2015 ($17M in Accrued liabilities, $39M in Other noncurrent liabilities); no benefit payments had been made as of quarter end. Number of employees affected not disclosed. | ||||
| 2015-07-04 | restructuring | in_progress | China | Commercial sales organization | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Exit of the commercial sales organization in China, driven by a fragmented underwear market and business practices unsuitable to the wholesale model. A significant majority of the 'Other costs' line ($23.5M in Q2 2015; $29.1M for six months) is non-cash and relates to this exit; the China-specific amount is not separately quantified. Headcount affected not disclosed; filer describes the exit as immaterial to consolidated results. | |||||
| 2015-07-04 | acquisition_addition | completed | 2015-04-06 | United States | Activewear | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Knights Holdco, Inc. (collegiate logo apparel) completed April 6, 2015 for approximately $193.5M, funded with cash and Revolving Loan Facility borrowings; results included in the Activewear segment from the acquisition date. Employees added through the acquisition not disclosed. | ||||
| 2015-07-04 | restructuring | in_progress | 2015-09-30 | Europe | Management and administrative | USD 56,000 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Innerwear Europe acquisition integration; elimination of non-essential/duplicative management and administrative positions. Accrued $56,000 for employee termination and other benefits. Expected completion by end of Q3 2015. | |||
| 2015-07-04 | restructuring | in_progress | 2015-12-31 | China | Commercial sales organization | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Exit from commercial organization in China market. Charges included in 'Other costs' within acquisition, integration and other action related charges. Expected completion by end of 2015. | ||||
| 2015-04-04 | restructuring | in_progress | Corporate | USD 43 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2015 charges include Maidenform integration $4.3M, Innerwear Europe integration $23.0M, Knights Apparel $1.1M, foundational costs $6.7M, other costs $8.1M (including Target Canada exit); no employees-affected count disclosed. Outlook indicates Maidenform-related charges expected complete by end of Q3 2015 and foundational charges by end of 2015 | |||||
| 2015-04-04 | acquisition_addition | announced | 2015-04-06 | 2015-04-06 | United States | Activewear | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Completed April 6, 2015, ~$200M enterprise value, licensed collegiate logo apparel seller; funded with cash and Revolving Loan Facility borrowings; headcount added not disclosed | |||
| 2015-01-03 | acquisition_addition | completed | 2014-08-29 | 2014-08-29 | Europe | International | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired DBA Lux Holding S.A. on August 29, 2014 (purchase price ~$392 million at closing); number of employees added not quantified, though value of the existing workforce is cited as a goodwill factor. Company-wide 2014 acquisition, integration and other action charges totaled $199 million. | |||
| 2015-01-03 | acquisition_addition | completed | 2014-08-25 | 2014-08-29 | Europe | International | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase price €297 million (approximately $392 million) plus $7 million of subsequent working-capital payments. Headcount added through the acquisition is not disclosed; DBA represented 11% of consolidated total assets and 5% of total revenues at fiscal year-end. | |||
| 2015-01-03 | restructuring | in_progress | Not specified | Corporate / enterprise-wide | USD 199 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charges comprise approximately $73 million within cost of sales and approximately $126 million within SG&A, plus corporate-level amounts. No employee-affected count disclosed. Company estimated $150-170 million or more of similar pretax charges for 2015, indicating the program continued past fiscal year-end. | ||||
| 2014-09-27 | acquisition_addition | completed | 2014-08-29 | Europe | International | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition closed 2014-08-29; DBA contributed net revenues of $81.1M since acquisition. No employee headcount added disclosed. Company reported acquisition, integration and other action related charges of $63.1M in Q3 and $129.8M YTD, but no employee counts or severance amounts are broken out. | ||||
| 2014-06-28 | acquisition_addition | announced | 2014-06-25 | 2014-09-30 | Europe | Innerwear | USD 550 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Enterprise value approximately €400 million; no employee count disclosed. Closing subject to European/French works council consultation and customary conditions; could close as soon as Q3 2014. | ||
| 2014-06-28 | acquisition_addition | completed | 2013-10-01 | Global | Innerwear, Direct to Consumer, International | USD 66,682 (thousands) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Maidenform Brands, Inc. completed in October 2013. Results included in consolidated statements since acquisition date. $66.7 million in acquisition, integration and other action related charges incurred in the six months ended June 28, 2014. | |||
| 2014-06-28 | acquisition_addition | announced | 2014-06-25 | 2014-09-30 | Europe | Intimate apparel, hosiery, underwear | USD 550,000 (thousands) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Announced intention to acquire DBA Lux Holding S.A. for approx. $550 million. Transaction subject to works council consultation and closing conditions. Expected to close as soon as Q3 2014. | ||
| 2014-03-29 | acquisition_addition | completed | United States | Innerwear / Direct to Consumer / International | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of 100% of Maidenform Brands, Inc. at $23.50 per share ($580,505 thousand) completed in October 2013; exact announcement/completion date and headcount added not disclosed in this filing. Maidenform results are reported within the Innerwear, Direct to Consumer and International segments. | |||||
| 2014-03-29 | restructuring | in_progress | Not specified | Supply chain and commercial operations | USD 43 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition, integration and other action related charges of $42,637 thousand incurred in Q1 2014 ($14,827 thousand in cost of sales; $27,810 thousand in SG&A), related primarily to supply chain optimization and regional alignment of commercial operations. Number of employees affected, severance split, and completion timing not disclosed. | ||||
| 2014-03-29 | restructuring | in_progress | Corporate / Supply Chain / Commercial Operations | USD 42,637 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company incurred acquisition, integration and other action related charges of $42.6 million in Q1 2014, primarily related to Maidenform acquisition integration, supply chain optimization, and regional alignment of commercial operations. Employee count affected is not disclosed. | |||||
| 2013-12-28 | acquisition_addition | completed | 2013-07-23 | 2013-10-07 | Global | Innerwear, Direct to Consumer, International | USD 80,790 (thousands) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | All-cash acquisition of Maidenform Brands at $23.50 per share (total purchase price $580,505 thousand), completed October 7, 2013. Employee headcount added was not disclosed. Charges cover acquisition, integration and other action-related costs (shown as $81 million in MD&A); acquired operations are reported within the Innerwear, Direct to Consumer and International segments. | ||
| 2013-12-28 | plant_closure | completed | United States | Direct to Consumer | MD&A f5-10k / GLM-5.3-flash-HTML | Closure of certain less profitable outlet stores during fiscal 2013; no employee headcount or associated charge was disclosed. | |||||
| 2013-12-28 | acquisition_addition | completed | 2013-07-23 | 2013-10-07 | Global | Innerwear, Direct to Consumer, International | USD 81 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Maidenform acquired October 2013 for $580.5M; headcount added not quantified. $81M of acquisition, integration and other action related charges recorded in Q4 2013; $73.8M of those charges since acquisition date per Note 3. | ||
| 2013-12-28 | divestiture_reduction | completed | 2012-05-01 | 2012-12-31 | Europe | International (European imagewear) | USD 33 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of European imagewear business completed in 2012; headcount impact not quantified. Included for context only — action occurred in prior fiscal year. | ||
| 2013-12-28 | restructuring | completed | 2012-01-01 | 2012-12-31 | United States | Activewear (private-label and Outer Banks imagewear) | USD 63 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Discontinuation of domestic imagewear operations completed in 2012; headcount impact not quantified. Prior-year action shown for context only. | ||
| 2013-12-28 | acquisition_addition | completed | 2013-10-01 | 2013-10-07 | Global | Innerwear, Direct to Consumer, International | USD 581 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Maidenform Brands, Inc. completed in October 2013 for approximately $581 million. Specific headcount added not disclosed. | ||
| 2013-12-28 | restructuring | completed | 2013-01-01 | 2013-12-28 | Global | Corporate | USD 81 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Incurred $81 million of charges in Q4 2013 related to Maidenform acquisition, integration and other action related costs. Specific employee count affected not disclosed. | ||
| 2013-09-28 | acquisition_addition | completed | 2013-07-24 | 2013-10-07 | Global | Innerwear | USD 120 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | All-cash acquisition of Maidenform Brands valued at approximately $583 million, closed October 7, 2013; funded with cash on hand and Revolving Loan Facility borrowings. Company expects $120M–$140M of acquisition- and integration-related expenses (range; $50M–$60M in Q4 2013, remainder in 2014, about half noncash). No headcount added disclosed; Maidenform results excluded from Q3/YTD 2013 results. | ||
| 2013-09-28 | plant_closure | in_progress | United States | Direct to Consumer | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine-month Direct to Consumer net sales decline attributed partly to closure of certain lower-profitable outlet stores; no store count, employee count, charge, or timing disclosed. | |||||
| 2013-06-29 | acquisition_addition | announced | 2013-07-24 | 2013-12-31 | Global | Intimate apparel (Maidenform Brands, Inc.) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Post-quarter announcement of an all-cash acquisition valued at approximately $575 million enterprise value ($23.50 per share); no employee count or headcount impact disclosed. Expected to close in Q4 2013, subject to stockholder and regulatory approvals. | |||
| 2012-12-29 | divestiture_reduction | completed | 2012-05 | 2012-05 | Europe | International segment (European imagewear business) | USD 33 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sale of the European imagewear business to Smartwares, B.V. for EUR 15 million (about $13 million net of fees). Pre-tax loss of approximately $33 million reported as loss on disposal of business. Headcount affected not disclosed. | ||
| 2012-12-29 | restructuring | completed | 2012 | 2012 | United States | Outerwear segment (private-label and Outer Banks domestic imagewear) | USD 63 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Discontinuation of domestic imagewear operations serving wholesalers selling to the screen-print industry; announced during the second quarter of fiscal 2012 and completed during fiscal 2012. Approximately $63 million pre-tax charges in 2012, substantially all noncash (intangible write-downs, inventory markdowns and related items), including a $37 million impairment of the Outer Banks trademark and goodwill in Q2 2012. Headcount affected not disclosed. | ||
| 2012-12-29 | divestiture_reduction | completed | 2012-05-31 | 2012-05-31 | Europe | International (imagewear) | USD 33 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of the European imagewear business to Smartwares, B.V. for EUR 15 million (approximately $13 million net of fees) resulted in a pre-tax loss of approximately $33 million in 2012; headcount transferred not disclosed. Exact May 2012 date not specified. | ||
| 2012-12-29 | restructuring | completed | 2012-06-30 | 2012-12-29 | United States | Outerwear (private-label and Outer Banks domestic imagewear) | USD 63 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Discontinuation of private-label and Outer Banks domestic imagewear operations serving screen-print wholesalers; pre-tax charges of approximately $63 million in 2012, substantially all noncash, for intangible write-downs, inventory markdowns and other items. Employees affected not disclosed; announcement date approximated to second quarter of 2012. | ||
| 2012-12-29 | restructuring | completed | 2012-04-01 | United States; Europe | Imagewear (Outerwear and International segments) | USD 37 (millions) | Item 1. Business f5-10k / Qwen3.6-27B-Q8_0 | Narrowed focus of worldwide imagewear business; sold European imagewear business and discontinued private-label and Outer Banks domestic imagewear operations. Recorded $37 million non-cash impairment charge related to Outer Banks trademark and goodwill. Employee count affected not explicitly disclosed. | |||
| 2012-09-29 | divestiture_reduction | completed | 2012-05 | 2012-05 | Europe | International segment — European imagewear business | USD 32 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sold to Smartwares, B.V. for €15 million (approximately $13 million net of fees) in cash; resulted in a pre-tax loss of approximately $32 million. No employee count disclosed. | ||
| 2012-09-29 | restructuring | in_progress | 2012-06 | United States | Outerwear segment — private-label and Outer Banks domestic imagewear operations | USD 58 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Discontinuation of operations serving screen-print wholesalers; charges incurred in second quarter 2012, substantially all noncash (intangible write-down, inventory markdowns, other items). Announcement date disclosed only as Q2 2012. No employee count disclosed. | |||
| 2012-09-29 | restructuring | in_progress | Not specified | Supply chain | USD 19 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately $19 million of charges incurred during the nine months of 2012 for supply chain actions, primarily associated with the imagewear restructuring; offset by approximately $31 million of supply chain efficiency savings. No employee count or announcement date disclosed. | ||||
| 2012-09-29 | restructuring | completed | 2012-05-01 | Europe | Imagewear | USD 32 (thousands) | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of European imagewear business to Smartwares, B.V. resulted in pre-tax loss of approx $32,000 (thousands). Employee count not disclosed. | |||
| 2012-09-29 | restructuring | completed | 2012-04-01 | United States | Imagewear | USD 58 (thousands) | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Discontinuation of private-label and Outer Banks domestic imagewear operations. Pre-tax charges of approx $58,000 (thousands) for write-down of intangibles, inventory markdowns. Employee count not disclosed. | |||
| 2012-06-30 | divestiture_reduction | completed | 2012-05 | Europe | International | USD 31,616 (thousands) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of European imagewear business to Smartwares, B.V. for EUR 15 million (~$13 million net of fees); pre-tax loss of approximately $31.6 million. No employee count disclosed. | |||
| 2012-06-30 | divestiture_reduction | in_progress | 2012-05 | United States | Outerwear | USD 58,294 (thousands) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Discontinuation of private-label and Outer Banks domestic imagewear operations serving screen-print wholesalers; pre-tax charges of $58.3 million, substantially all noncash (intangible write-down, inventory markdowns, other). No employee count disclosed. | |||
| 2012-06-30 | divestiture_reduction | completed | 2012-05-01 | 2012-05-01 | Europe | International | USD 31,616 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of European imagewear business to Smartwares, B.V. resulted in pre-tax loss of approx $31.6M. Employee count not disclosed. | ||
| 2012-06-30 | restructuring | in_progress | 2012-06-30 | United States | Outerwear | USD 58,294 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Discontinuation of private-label and Outer Banks domestic imagewear operations. Pre-tax charges of $58.3M for write-down of intangibles, inventory markdowns, and other items. Employee count not disclosed. | |||
| 2012-03-31 | restructuring | in_progress | Primarily United States | Manufacturing (Outerwear/imagewear capacity) | USD 13 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Capacity reduction via taking time out of facilities and eliminating certain contractors due to lower unit volumes and structural challenges in wholesale casualwear; no employee count disclosed. | ||||
| 2011-12-31 | acquisition_addition | completed | 2011-04-01 | 2011-04-30 | Australia | Outerwear / activewear | USD 9 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of assets of TNF Group Unit Trust and Player Sportswear Unit Trust in April 2011; net cash used of approximately $9 million; headcount added not disclosed | ||
| 2011-12-31 | restructuring | announced | 2012-02-17 | 2012-03-31 | United States | Outerwear / wholesale casualwear (imagewear) | USD 20 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced in the 10-K: capacity reduction by taking time in facilities and eliminating contractors due to price elasticity and wholesale casualwear pricing pressure; charges expected to primarily impact Q1 2012, offset by $30-40 million of supply chain efficiency savings | ||
| 2011-12-31 | restructuring | completed | 4,100 | 2009 | Dominican Republic, United States, Costa Rica, Honduras, Puerto Rico, Canada, El Salvador | Manufacturing, Distribution, Management/Administrative | USD 46 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Year ended Jan 2, 2010 actions: Closed 8 manufacturing facilities, 3 distribution centers, and warehouses. Eliminated approx 4,100 positions. Charge of $46.2M recorded in 2009. As of Dec 31, 2011, severance obligation remaining was $0.164M. | ||
| 2011-12-31 | plant_closure | completed | 2009-10 | United States | Yarn Manufacturing | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Sold yarn operations to Parkdale America in Oct 2009. Ceased making own yarn. One of four facilities closed as part of 2009 restructuring actions. | ||||
| 2011-12-31 | restructuring | announced | 2012-01 | 2012-03-31 | Global | Manufacturing | USD 20 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Subsequent event: Adjusting manufacturing capacity due to lower unit volumes. Expect to incur approx $20M in charges, primarily impacting Q1 2012. Actions include taking time in facilities and eliminating certain contractors. | ||
| 2011-10-01 | acquisition_addition | completed | 2011-04 | Australia | International | USD 9,154 (thousands) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of assets of TNF Group Unit Trust and Player Sportswear Unit Trust (collectively 'TNF') in April 2011; cash consideration of $9,154 thousand shown in investing activities. No headcount added was disclosed. | |||
| 2011-01-01 | acquisition_addition | completed | 2010-11-01 | United States | Outerwear | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of GearCo, Inc. (Gear for Sports), a seller of licensed logo apparel for collegiate bookstores, completed November 1, 2010; operating results included in the Outerwear segment. Headcount added through the acquisition is not disclosed. Purchase price was $55 million cash for shareholders' equity plus approximately $172 million of company debt paid at closing. Date shown is the disclosed completion date; original announcement date is not stated in the filing. | ||||
| 2011-01-01 | acquisition_addition | completed | 2010-11-01 | 2010-11-01 | United States | Outerwear | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of GearCo, Inc. (Gear for Sports) completed 2010-11-01; purchase price $55 million cash for equity plus approximately $172 million of assumed debt. Headcount added not disclosed; target had sales of approximately $225 million in its fiscal year ended June 2010. | |||
| 2011-01-01 | restructuring | completed | 4,100 | 2009-01-01 | 2010-12-31 | Dominican Republic, United States, Costa Rica, Honduras, Puerto Rico, Canada, El Salvador | Manufacturing, Distribution, Management and Administrative | USD 46 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Actions approved during 2009 to close eight manufacturing facilities, three distribution centers, a yarn warehouse, and a cotton warehouse. Elimination of approximately 4,100 positions. Charges of $46.2 million recognized in 2009. | |
| 2011-01-01 | restructuring | completed | 6,800 | 2008-01-01 | 2009-12-31 | Mexico, United States, Costa Rica, Honduras, El Salvador | Manufacturing, Distribution, Management and Administrative | USD 87 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Actions approved during 2008 to close 11 manufacturing facilities and three distribution centers. Elimination of approximately 6,800 positions. Charges of $87.1 million recognized in 2008. Additional charges/credits of $17.8 million recognized in 2009 related to this program. | |
| 2010-10-02 | restructuring | completed | USD 0 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | No restructuring charges were recognized in the quarter or nine months ended October 2, 2010. The company is focused on optimizing its supply chain and working capital, but no specific headcount reduction actions with associated charges were reported for this period. | ||||||
| 2010-07-03 | restructuring | in_progress | USD 0 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | No restructuring charges recognized in Q2 2010 or YTD 2010. Accrual balance of $13.3 million remains from prior years' actions (employee termination benefits and lease obligations). | ||||||
| 2010-04-03 | restructuring | in_progress | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | No new restructuring charges in Q1 2010; accrual fell from $22,399K to $19,345K via $4,381K cash payments and $1,327K adjustments. Accrual comprises employee termination benefits and noncancelable lease/contractual obligations. No employee headcount affected is disclosed. | |||||||
| 2010-04-03 | restructuring | in_progress | USD 0 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | No new restructuring charges recognized in Q1 2010. Accrual balance of $19.3 million remains for prior year actions, including $7.7 million for employee termination benefits. | ||||||
| 2010-01-02 | restructuring | in_progress | 4,100 | 2009 | Dominican Republic, United States, Costa Rica, Honduras, Puerto Rico, Canada, El Salvador | Manufacturing and distribution | USD 46,216 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2009-approved actions to close eight manufacturing facilities, three distribution centers, a yarn warehouse and a cotton warehouse. 3,044 of the planned terminations were completed as of fiscal year-end; filer states all actions expected to complete within a 12-month period. Announcement date disclosed only as year. | ||
| 2010-01-02 | restructuring | completed | 300 | 2009 | Primarily United States | Management and administrative | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Disclosed as additional to the ~4,100 operational positions; no separate charge quantified. Announcement date disclosed only as year. | |||
| 2010-01-02 | divestiture_reduction | completed | 2009-10 | 2009-10 | United States | Other — yarn operations | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of four yarn manufacturing facilities to Parkdale America closed October 2009; Parkdale operates three of the four. Related closure of the fourth yarn facility plus a yarn warehouse and a cotton warehouse in the U.S. was stated to eliminate approximately 175 positions — that count may already be included in the ~4,100 program total above and is not separately extracted to avoid double counting. An $8 million gain on the yarn sale was recognized in SG&A. | |||
| 2010-01-02 | restructuring | in_progress | 4,100 | 2009-01-03 | 2010-01-02 | Dominican Republic, United States, Costa Rica, Honduras, Puerto Rico, Canada, El Salvador | Manufacturing, Distribution, Management/Administrative | USD 46 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Approved actions to close eight manufacturing facilities, three distribution centers, a yarn warehouse and a cotton warehouse. Elimination of approx 4,100 positions. Charges of $46.2 million recorded in 2009. | |
| 2010-01-02 | restructuring | completed | 175 | 2009-01-03 | 2010-01-02 | United States | Yarn Manufacturing | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Closure of fourth yarn manufacturing facility, yarn warehouse and cotton warehouse following sale of yarn operations to Parkdale America. Elimination of approx 175 positions. | ||
| 2009-10-03 | restructuring | in_progress | 3,100 | 2009-12-31 | Dominican Republic, United States, Honduras, Puerto Rico, Canada, El Salvador | Manufacturing, distribution and corporate/administrative functions (consolidation and globalization strategy) | USD 32 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Consolidated program: closure of five manufacturing facilities, two distribution centers, a yarn warehouse and a cotton warehouse, plus elimination of about 300 management/administrative positions. Charge shown is the Restructuring line for year-ending-January-2, 2010 actions for the nine months; total restructuring and related charges across all programs were $52.765M. MD&A cites 2,925 positions for four plants plus two DCs; the footnote's 3,100 appears to add the ~175-position yarn facility closure. Filer does not disaggregate counts by geography. Completion per MD&A by end of 2009; footnote states actions complete within a 12-month period. | ||
| 2009-10-03 | plant_closure | completed | 2009-09-01 | 2009-10-31 | United States | Other (yarn manufacturing) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company agreed to sell or lease assets of its four yarn manufacturing facilities to Parkdale America; transaction closed October 2009 with Parkdale operating three of the four. Announcement month stated as September 2009; headcount not separately disclosed for this sub-component (subsumed in the ~3,100 program total). | |||
| 2009-10-03 | restructuring | in_progress | 3,100 | 2009-01-04 | 2010-01-02 | Dominican Republic, United States, Honduras, Puerto Rico, Canada, El Salvador | Manufacturing, Distribution, Management and Administrative | USD 31,522 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Year ending January 2, 2010 actions: closure of five manufacturing facilities, two distribution centers, and two warehouses. Elimination of 3,100 positions in manufacturing/distribution and approx. 300 management/admin positions. Charges of $31.5M recognized for nine months ended Oct 3, 2009. | |
| 2009-10-03 | restructuring | in_progress | 175 | 2009-09-01 | United States | Yarn Manufacturing | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Announced in September 2009: ceasing own yarn production, closing fourth yarn facility, yarn warehouse, and cotton warehouse. Elimination of approx. 175 positions. Transaction with Parkdale America closed in October 2009. | |||
| 2009-10-03 | restructuring | in_progress | 125 | 2009-07-05 | Puerto Rico | Manufacturing | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Approved action in Q3 2009 to close a manufacturing facility in Puerto Rico, eliminating approx. 125 positions. | |||
| 2009-07-04 | restructuring | in_progress | 2,800 | Dominican Republic, United States, Honduras, Canada, El Salvador | Manufacturing and distribution operations | USD 19 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approved during the six months ended July 4, 2009: closure of three manufacturing facilities and two distribution centers, with production relocated to lower-cost locations in Asia, Central America and the Caribbean Basin and distribution shifted to the West Coast distribution center in California. Filer states all actions are expected to complete within a 12-month period; no specific announcement date given. Charge of $19.244 million covers all Year Ended January 2, 2010 restructuring actions recognized in the six-month period (includes the management/administrative positions below). MD&A separately notes a second-quarter action closing one U.S. distribution center with about 200 positions, which is a subset of this six-month aggregate and is not extracted separately to avoid double counting. | |||
| 2009-07-04 | restructuring | in_progress | 300 | Primarily United States | Management and administrative functions | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 300 management and administrative positions eliminated during the six months ended July 4, 2009 as part of the same consolidation and globalization program; majority based in the United States. MD&A notes about 250 of these were eliminated in the second quarter. No separate charge disclosed for this component. | ||||
| 2009-07-04 | restructuring | in_progress | 2,800 | 2009-07-04 | 2010-07-04 | Dominican Republic, United States, Honduras, Canada, El Salvador | Manufacturing and Distribution | USD 19,244 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Actions to close three manufacturing facilities and two distribution centers. Production relocated to Asia, Central America, and Caribbean Basin. Completion expected within 12 months. | |
| 2009-07-04 | restructuring | in_progress | 300 | 2009-07-04 | 2010-07-04 | United States | Management and Administrative | USD 19,244 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Elimination of approximately 300 management and administrative positions, majority based in the United States. Included in the same program charges as manufacturing closures. | |
| 2009-04-04 | restructuring | in_progress | 2,600 | Dominican Republic, Honduras, United States, Canada, El Salvador | Manufacturing and distribution | USD 8,655 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approved during Q1 2009: closure of three manufacturing facilities and one distribution center, with capacity relocated to Asia, Central America and the Caribbean Basin and to the West Coast distribution center. Filer states all actions expected to complete within a 12-month period; specific announcement date not disclosed. Charge of $8,655 thousand recorded in the quarter covers the overall program, including the separate management/administrative positions below. | |||
| 2009-04-04 | restructuring | in_progress | 50 | Primarily United States | Management and administrative | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 50 management and administrative positions eliminated as part of the same Q1 2009 program; charge not separately disclosed for this sub-component. | ||||
| 2009-04-04 | plant_closure | in_progress | Multiple (facility closures previously announced in fiscal 2008) | Manufacturing | USD 13,055 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Additional Q1 2009 charges of $13,055 thousand for facility closures announced in the year ended January 3, 2009, including lease termination, exit costs and stranded inventory write-offs; employee headcount affected not disclosed for this continuation. | ||||
| 2009-04-04 | restructuring | in_progress | 2,600 | 2009-04-04 | 2010-04-04 | Dominican Republic, Honduras, United States, Canada, El Salvador | Manufacturing and Distribution | USD 8,655 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closure of three manufacturing facilities and one distribution center. Production relocated to Asia, Central America, and Caribbean Basin. | |
| 2009-04-04 | restructuring | in_progress | 50 | 2009-04-04 | 2010-04-04 | United States | Management and Administrative | USD 8,655 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Elimination of management and administrative positions, majority based in the United States. Charge included in total $8.7M for Q1 2009 actions. | |
| 2009-01-03 | restructuring | in_progress | 6,800 | 2008-01-01 | 2009-12-31 | Mexico, United States, Costa Rica, Honduras, El Salvador | Manufacturing and distribution operations | USD 87 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2008 actions approved closure of 11 manufacturing facilities and three distribution centers; charge of $87,117 thousand includes severance, accelerated depreciation, inventory write-offs, fixed asset impairments and contract exit costs. Planned terminations totaled 7,004 (including the 200 management positions below), of which 5,932 completed and 1,072 remaining at year-end; all actions expected to complete within 12 months. | |
| 2009-01-03 | restructuring | in_progress | 200 | 2008-01-01 | 2009-12-31 | Primarily United States | Management and administrative functions | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 200 management and administrative positions eliminated in addition to the 6,800 operating positions; charge not separately disclosed. | ||
| 2009-01-03 | acquisition_addition | completed | 370 | 2008-10-01 | 2008-10-31 | Honduras | Embroidery and screen-printing production | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a 370-employee embroidery facility in Honduras in October 2008; the facility had produced embroidered and screen-printed apparel for the company for eight years. | ||
| 2009-01-03 | acquisition_addition | completed | 2008-06-30 | 2008-06-30 | Thailand | Sewing operations | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a sewing operation in Thailand during the second quarter of 2008 (aggregate with Honduras acquisition cost of $15 million); headcount added not disclosed. | |||
| 2009-01-03 | plant_closure | in_progress | 16 | 2007-01-01 | 2009-12-31 | Dominican Republic, Mexico, United States, Brazil, Canada | Manufacturing and distribution operations | USD 9 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Residual activity in FY2008 on the program announced in 2007: 16 planned terminations remained open at year-end and $8,661 thousand of additional charges (mostly accelerated depreciation) were recognized in FY2008. Program total of 6,257 planned terminations was largely completed in prior years. | |
| 2009-01-03 | restructuring | in_progress | 7,000 | 2008-01-05 | Mexico, United States, Costa Rica, Honduras, El Salvador | Manufacturing, Distribution, Management/Administrative | USD 50 (thousands) | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Approved actions to close 11 manufacturing facilities and 3 distribution centers, eliminating approx 6,800 positions. Additionally, approx 200 management and administrative positions eliminated. Total restructuring charges for the year were $50.3 million. | ||
| 2008-09-27 | restructuring | in_progress | 9,400 | El Salvador, Mexico, Costa Rica, Honduras and the United States | Manufacturing and distribution operations | USD 52 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Consolidated program approved during the nine months ended 2008-09-27: closure of 11 manufacturing facilities and two distribution centers, eliminating about 9,400 positions; production relocating to Asia, the Caribbean Basin and Central America. Within the third quarter alone, actions covering nine manufacturing facilities and about 8,100 positions were approved (subset of the nine-month total, not separately counted here). Charge of $52,069 thousand for the nine months relates to the Year Ended January 3, 2009 restructuring actions, including $27,099 thousand of employee termination and other benefits. Filer states all actions are expected to complete within a 12-month period; no specific announcement or completion date given. | |||
| 2008-09-27 | plant_closure | in_progress | United States | Distribution operations | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two distribution centers approved for closure during the nine months ended 2008-09-27, with capacity relocated to the West Coast distribution facility in California; no separate headcount or charge disclosed for the distribution-center closures (included within the consolidated restructuring program record above). | |||||
| 2008-09-27 | restructuring | in_progress | 9,400 | 2008-01-01 | 2009-01-03 | El Salvador, Mexico, Costa Rica, Honduras, United States | Manufacturing and Distribution | USD 52,069 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Actions approved during the nine months ended Sept 27, 2008 to close 11 manufacturing facilities and 2 distribution centers. Production capacity relocated to lower cost locations. Charges include employee termination benefits, accelerated depreciation, lease obligations, and inventory write-offs. Expected completion within 12 months. | |
| 2008-06-28 | restructuring | in_progress | 1,300 | Heredia (Costa Rica); Aguascalientes (Mexico); United States | Manufacturing and distribution operations | USD 5,436 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approved during the six months ended June 28, 2008: two manufacturing facilities and two distribution centers to close, about 1,300 positions eliminated; production relocated to lower-cost Asia/Central America sites. MD&A discloses that the Q2 component (two US distribution centers, about 200 positions, ~$2 million charge) was approved within this same program — not a separate action. Filer states all actions expected to complete within 12 months of approval; no specific announcement or completion date given. Charge shown is the six-month program charge of $5,436 thousand (includes accelerated depreciation). | |||
| 2008-06-28 | restructuring | in_progress | 1,300 | 2008-06-28 | 2009-06-28 | Heredia, Costa Rica; Aguascalientes, Mexico; United States | Manufacturing and Distribution | USD 5,436 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Actions approved during the six months ended June 28, 2008 to close two manufacturing facilities and two distribution centers. Production capacity relocated to Asia and Central America; distribution capacity relocated to West Coast facility in California. All actions expected to be completed within a 12-month period. | |
| 2008-06-28 | restructuring | in_progress | 200 | 2008-06-28 | 2009-06-28 | United States | Distribution | USD 2,000 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Actions approved during the second quarter of 2008 to close two distribution centers. Capacity relocated to West Coast distribution facility in California. Expected to be completed during the next twelve months. | |
| 2008-03-29 | plant_closure | in_progress | 1,100 | 2009-03-29 | Heredia, Costa Rica and Aguascalientes, Mexico | Manufacturing | USD 2,942 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approved during Q1 2008; exact announcement date not disclosed. Approximately 1,100 employees to be eliminated over the next twelve months as two manufacturing facilities close and capacity relocates to lower-cost locations in Asia and Central America. Charge primarily employee termination and other benefits; filer presents both facilities as a single consolidated action, so no per-geography split is emitted. Percent of workforce not computable — no total headcount disclosed in this filing. | ||
| 2008-03-29 | restructuring | in_progress | 1,100 | 2008-03-29 | 2009-03-29 | Costa Rica, Mexico | Manufacturing | USD 2,942 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closure of two manufacturing facilities in Heredia, Costa Rica and Aguascalientes, Mexico. Production capacity relocated to Asia and Central America. Charge primarily attributable to employee termination and other benefits. | |
| 2007-12-29 | plant_closure | in_progress | 2,681 | Dominican Republic | Manufacturing and distribution operations | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sub-component of the fiscal 2007 program closing 17 manufacturing facilities and 3 distribution centers; 6,641 total planned terminations across all locations, 3,712 completed and 2,929 remaining at year-end. Approved during fiscal 2007; specific approval date and completion date not disclosed (actions expected to complete within 12 months of approval). Charge not broken out by geography. | ||||
| 2007-12-29 | plant_closure | in_progress | 2,311 | Mexico | Manufacturing and distribution operations | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sub-component of the fiscal 2007 program closing 17 manufacturing facilities and 3 distribution centers; program total 6,641 planned terminations, 3,712 completed at year-end. Charge not broken out by geography. | ||||
| 2007-12-29 | plant_closure | in_progress | 1,371 | United States | Manufacturing, distribution and corporate/administrative functions | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sub-component of the fiscal 2007 program; includes the 428 management and administrative positions eliminated, the majority based in the United States. Program total 6,641 planned terminations, 3,712 completed at year-end. Charge not broken out by geography. | ||||
| 2007-12-29 | plant_closure | in_progress | 175 | Brazil | Manufacturing and distribution operations | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sub-component of the fiscal 2007 program closing 17 manufacturing facilities and 3 distribution centers; program total 6,641 planned terminations, 3,712 completed at year-end. Charge not broken out by geography. | ||||
| 2007-12-29 | plant_closure | in_progress | 103 | Canada | Manufacturing and distribution operations | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sub-component of the fiscal 2007 program closing 17 manufacturing facilities and 3 distribution centers; program total 6,641 planned terminations, 3,712 completed at year-end. Charge not broken out by geography. | ||||
| 2007-12-29 | plant_closure | in_progress | 2,748 | United States and Mexico | Textile and sewing plants and distribution centers | USD 13,128 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program approved in the six months ended December 30, 2006 (4 textile/sewing plants in the U.S., Puerto Rico and Mexico plus 3 U.S. distribution centers); 2,743 of 2,748 planned terminations completed and 5 remaining at fiscal 2007 year-end. Charge shown is the additional fiscal 2007 impact only, not the full program cost. Geography split: United States 967, Mexico 1,781. | |||
| 2007-12-29 | acquisition_addition | completed | 1,300 | 2007-08 | El Salvador | Textile manufacturing (San Juan Opico) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of the textile manufacturing operations of Industrias Duraflex, S.A. de C.V.; a supplier to the company since the early 1990s. Day of month not disclosed. | |||
| 2007-12-29 | acquisition_addition | completed | 900 | 2007-12 | El Salvador | Sheer hosiery sewing operations (Las Lourdes) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of the sheer hosiery manufacturing operation of Inversiones Bonaventure, S.A. de C.V., a prior contract sewing operation for Hanes and L'eggs hosiery. Day of month not disclosed. | |||
| 2007-12-29 | restructuring | in_progress | 6,641 | 2007-12-29 | 2008-12-29 | Dominican Republic, Mexico, United States, Brazil, Canada | Manufacturing and Distribution | USD 43 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Approved actions to close 17 manufacturing facilities and 3 distribution centers. Charge of $32M for termination benefits for 6,641 employees. 3,712 terminated as of year-end. Expected completion within 12 months. | |
| 2007-12-29 | restructuring | completed | 428 | 2007-12-29 | 2007-12-29 | United States | Management and Administrative | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Elimination of 428 management and administrative positions, majority based in the US. Included in broader restructuring narrative. | ||
| 2007-12-29 | acquisition_addition | completed | 1,300 | 2007-08-01 | 2007-08-01 | El Salvador | Textile Manufacturing | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Industrias Duraflex, S.A. de C.V. textile manufacturing operations. | ||
| 2007-12-29 | acquisition_addition | completed | 900 | 2007-12-01 | 2007-12-01 | El Salvador | Hosiery Manufacturing | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Inversiones Bonaventure, S.A. de C.V. sheer hosiery facility. | ||
| 2007-09-29 | restructuring | in_progress | 7,903 | 2008-09-29 | United States, Canada, Dominican Republic, Mexico, Brazil, Puerto Rico | Manufacturing and distribution operations; approximately 428 management and administrative positions | USD 36 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | FY2007 program closes 14 manufacturing facilities and two distribution centers; all actions expected completed within a 12-month period. Planned termination of 7,903 employees (7,475 at facilities plus ~428 management/administrative); 2,868 terminated as of 2007-09-29 with $26.9M severance accrued. Severance charge of $35.672M recognized in nine months; total FY2007 restructuring costs recognized were $64.838M including $28.844M accelerated depreciation. In Q3 alone, ~223 positions were eliminated in Canada, Mexico and Brazil. | ||
| 2007-09-29 | plant_closure | in_progress | Not specified | Manufacturing facilities | USD 10 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Lease termination costs for plant closures announced in the six months ended 2006-12-30, for facilities exited during the nine months ended 2007-09-29. Accrued restructuring for this program was $3.676M at 2007-09-29. Employee counts not disclosed. | ||||
| 2007-09-29 | acquisition_addition | completed | 1,300 | San Juan Opico, El Salvador | Textile manufacturing operations acquired from Industrias Duraflex, S.A. de C.V. | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a 1,300-employee textile manufacturing operation in Q3 fiscal 2007, adding approximately $27M of goodwill; supplier to the Company since the early 1990s. | ||||
| 2007-09-29 | restructuring | in_progress | 223 | 2007-09-29 | Canada, Mexico, Brazil | USD 2 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Eliminated approximately 223 positions in Canada, Mexico and Brazil. Charge of $2 million primarily attributable to employee and other termination benefits. | |||
| 2007-09-29 | restructuring | in_progress | 7,903 | 2007-09-29 | United States, Canada, Dominican Republic, Mexico, Brazil, Puerto Rico | USD 65 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Fiscal year 2007 restructuring actions approved during the nine months ended Sept 29, 2007. Closure of 14 manufacturing facilities and two distribution centers. Planned termination of 7,903 employees. Cumulative restructuring costs recognized of $64,838 thousand. | |||
| 2007-09-29 | acquisition_addition | completed | 1,300 | 2007-09-29 | El Salvador | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired textile manufacturing operations of Industrias Duraflex, S.A. de C.V. in San Juan Opico, El Salvador. | ||||
| 2007-06-30 | restructuring | in_progress | 7,680 | 2008-03-31 | United States, Canada, Dominican Republic, Mexico, Puerto Rico | Manufacturing and distribution (consolidation and globalization strategy) | USD 33,936 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six-month program: closure of 14 manufacturing facilities and 2 distribution centers, with ~350 additional management/administrative positions eliminated. Planned termination of 7,680 employees; 1,437 terminated as of 2007-06-30, leaving $32,246 thousand severance in accrued liabilities. Q2 subset: 12 facilities closed affecting ~6,400 employees, $28 million charge for 6,750 planned terminations. Total six-month restructuring-related pre-tax impact was $61,099 thousand, including $15,116 thousand accelerated depreciation and $10,368 thousand lease termination costs. Company expects ~$250 million of restructuring and related charges over three years post-spin-off, ~half non-cash; ~$95 million recognized through 2007-06-30. | ||
| 2007-06-30 | restructuring | in_progress | 7,680 | 2007-06-30 | 2008-03-31 | United States, Canada, Dominican Republic, Mexico, Puerto Rico | Manufacturing, Distribution, Management and Administrative | USD 49,052 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Includes closure of 14 manufacturing facilities and 2 distribution centers. Charge includes $33.9M for employee termination benefits and $15.1M for accelerated depreciation. 1,437 employees terminated as of June 30, 2007. | |
| 2007-03-31 | restructuring | in_progress | 930 | 2008-03-31 | United States | Manufacturing and distribution (two textile facilities, two distribution centers) | USD 7,648 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approved during Q1 2007; no specific announcement date given. Charge comprises $6,406 employee termination benefits and $1,242 accelerated depreciation (recorded in cost of sales). Only 2 employees terminated as of 2007-03-31; severance accrual of $6,404 remains. Filer states all actions complete within a 12-month period; completion date estimated from that statement. | ||
| 2007-03-31 | plant_closure | completed | 2007-03-31 | Manufacturing (plant closures) | USD 13,648 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facilities announced in the six months ended 2006-12-30 and exited during Q1 2007. Q1 charge for this program includes $10,231 of estimated lease termination costs. No employee count disclosed; announcement date not specified beyond the prior reporting period. | ||||
| 2007-03-31 | restructuring | in_progress | United States and offshore manufacturing locations | Company-wide supply chain globalization and organizational restructuring | USD 250 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Multi-year program over the three years following the 2006-09-05 spin off from Sara Lee; roughly half expected to be noncash. $55 million incurred as of 2007-03-31. Program-level disclosure that encompasses the quarterly actions listed above; no employee count given. | ||||
| 2007-03-31 | restructuring | in_progress | 930 | 2007-03-31 | 2008-03-31 | United States | Manufacturing and Distribution | USD 6,406 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closure of two textile facilities and two distribution centers. Charge represents employee termination and other benefits. Two employees terminated as of March 31, 2007. | |
| 2006-09-30 | plant_closure | in_progress | 2,275 | United States and Mexico | Manufacturing | USD 9,313 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approved during the quarter to close three facilities (two U.S., one Mexico) as manufacturing migrates to lower-cost locations; planned termination of 2,275 employees. Total pre-tax charge $13,706 thousand, comprising $9,313 thousand severance (Restructuring line) and $4,393 thousand accelerated depreciation (Cost of sales). 24 employees terminated as of 2006-09-30; $9,118 thousand severance accrual remaining. Expected completion within 12 months of approval; approval date not disclosed. | |||
| 2006-09-30 | plant_closure | announced | United States | Distribution | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A states the company recently announced closure of three U.S. distribution centers; no employee counts, charges, or timing disclosed. Distinct from the three manufacturing plant closures in the restructuring footnote. | |||||
| 2006-09-30 | restructuring | in_progress | 2,275 | 2006-09-30 | 2007-09-30 | United States and International | Manufacturing | USD 9,313 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Action to close three facilities (two domestic, one international). Charge represents termination benefits. 24 employees terminated as of Sept 30, 2006. | |
| 2006-07-01 | restructuring | in_progress | 170 | United States | Innerwear | USD 1,264 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Planned terminations of 170 employees (all U.S.); 50 completed as of July 1, 2006. Filer states each action is to be completed within 12 months of approval; approval date not disclosed. | |||
| 2006-07-01 | restructuring | in_progress | 70 | United States | Outerwear | USD 292 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Planned terminations of 70 employees (all U.S.); 70 completed as of July 1, 2006. | |||
| 2006-07-01 | restructuring | in_progress | 165 | Mexico | International | USD 783 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Planned terminations of 165 employees (all Mexico); 18 completed as of July 1, 2006. | |||
| 2006-07-01 | restructuring | in_progress | 44 | United States | Corporate | USD 1,780 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Planned terminations of 44 employees (all U.S.); 9 completed as of July 1, 2006. Program totals: 449 employees and $4,119 thousand charge for fiscal 2006, with 147 terminations completed by year-end. | |||
| 2006-07-01 | plant_closure | completed | United States; Mexico | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Filer states it recently closed two U.S. facilities and one facility in Mexico; headcount impact not quantified and timing relative to fiscal year not specified. | ||||||
| 2006-07-01 | acquisition_addition | completed | United States | Textiles / yarn production | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired a domestic yarn and textile production company in the first quarter of fiscal 2006 for $2,436 thousand cash plus assumption of $84,000 thousand debt; headcount added not disclosed. | |||||
| 2006-07-01 | restructuring | in_progress | 449 | 2006-07-01 | United States, Mexico | Innerwear, Outerwear, International, Corporate | USD 4 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2006 Restructuring actions. 147 employees terminated as of July 1, 2006. Remaining 302 actions pending. Charge of $4.1 million for severance benefits. | ||
| 2006-07-01 | restructuring | completed | 1,012 | 2005-09-06 | United States, Canada, Mexico | Innerwear, Outerwear, Hosiery, International, Corporate | USD 51 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2005 Restructuring actions. All 1,012 employees terminated as of July 1, 2006. Cumulative charge of $51.3 million. | ||
| 2006-07-01 | restructuring | completed | 4,425 | 2004-09-07 | United States, Puerto Rico, Latin America | Innerwear, Outerwear, Hosiery, International, Corporate | USD 26 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2004 Restructuring actions. All 4,425 employees terminated as of July 1, 2006. Cumulative charge of $25.7 million. |