Summary of Significant Accounting Policies

(a) Consolidation

The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

(b) Use of Estimates

The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make use of estimates and assumptions that affect the reported amount of assets and liabilities, certain financial statement disclosures at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results may vary from these estimates.

Foreign currency-denominated assets and liabilities are translated into U.S. dollars at exchange rates existing at the respective balance sheet dates. Translation adjustments resulting from fluctuations in exchange rates are recorded as a separate component of accumulated other comprehensive loss (“AOCI”) within stockholders’ equity. The Company translates the results of operations of its foreign operations at the average exchange rates during the respective periods. Gains and losses resulting from foreign currency transactions are included in the “Selling, general and administrative expenses” line of the Consolidated Statements of Income.

(d) Sales Recognition and Incentives

The Company recognizes revenue when (i) there is persuasive evidence of an arrangement, (ii) the sales price is fixed or determinable, (iii) title and the risks of ownership have been transferred to the customer and (iv) collection of the receivable is reasonably assured, which occurs primarily upon shipment. The Company records a sales reduction for returns and allowances based upon historical return experience. The Company earns royalty revenues through license agreements with manufacturers of other consumer products that incorporate certain of the Company’s brands. The Company accrues revenue earned under these contracts based upon reported sales from the licensee. The Company offers a variety of sales incentives to resellers and consumers of its products, and the policies regarding the recognition and display of these incentives within the Consolidated Statements of Income are as follows:

Discounts, Coupons, and Rebates

The Company recognizes the cost of these incentives at the later of the date at which the related sale is recognized or the date at which the incentive is offered. The cost of these incentives is estimated using a number of factors, including historical utilization and redemption rates. All cash incentives of this type are included in the determination of net sales. The Company includes incentives offered in the form of free products in the determination of cost of sales.

Volume-Based Incentives

These incentives typically involve rebates or refunds of cash that are redeemable only if the reseller completes a specified number of sales transactions. Under these incentive programs, the Company estimates the anticipated rebate to be paid and allocates a portion of the estimated cost of the rebate to each underlying sales transaction with the customer. The Company includes these amounts in the determination of net sales.

Cooperative Advertising

Under these arrangements, the Company agrees to reimburse the reseller for a portion of the costs incurred by the reseller to advertise and promote certain of the Company’s products. The Company recognizes the cost of cooperative advertising programs in the period in which the advertising and promotional activity first takes place. The Company includes these amounts in the determination of net sales.

Fixtures and Racks

Store fixtures and racks are periodically used by resellers to display Company products. The Company expenses the cost of these fixtures and racks in the period in which they are delivered to the resellers. The Company includes the costs of fixtures and racks incurred by resellers and charged back to the Company in the determination of net sales. Fixtures and racks purchased by the Company and provided to resellers are included in selling, general and administrative expenses.

(e) Advertising Expense

Advertising costs, which include the development and production of advertising materials and the communication of these materials through various forms of media, are expensed in the period the advertising first takes place. The Company recognized advertising expense in the “Selling, general and administrative expenses” caption in the Consolidated Statements of Income of $157,369, $168,701 and $181,956 in 2017, 2016 and 2015, respectively.

(f) Shipping and Handling Costs

Revenue received for shipping and handling costs is included in net sales and was $19,738, $19,446 and $19,710 in 2017, 2016 and 2015, respectively. Shipping costs, which comprise payments to third party shippers, and handling costs, which consist of warehousing costs in the Company’s various distribution facilities, were $376,449, $324,845 and $332,678 in 2017, 2016 and 2015, respectively. The Company recognizes shipping, handling and distribution costs in the “Selling, general and administrative expenses” line of the Consolidated Statements of Income.

(g) Catalog Expenses

The Company incurs expenses for printing catalogs for products to aid in the Company’s sales efforts. The Company initially records these expenses as a prepaid item and charges it against selling, general and administrative expenses over time as the catalog is used. Expenses are recognized at a rate that approximates historical experience with regard to the timing and amount of sales attributable to a catalog distribution. The Company discontinued its catalog business during 2016.

(h) Research and Development

Research and development costs are expensed as incurred and are included in the “Selling, general and administrative expenses” line of the Consolidated Statements of Income. Research and development includes expenditures for new product, technological improvements for existing products and process innovation, which primarily consist of salaries, consulting and supplies attributable to time spent on research and development activities. Additional costs include depreciation and maintenance for research and development equipment and facilities. Research and development expense was $65,457, $70,096 and $62,324 in 2017, 2016 and 2015, respectively.

(i) Defined Contribution Benefit Plans

The Company sponsors 401(k) plans as well as other defined contribution benefit plans. Expense for these plans was $21,251, $26,434 and $21,972 in 2017, 2016 and 2015, respectively.

(j) Cash and Cash Equivalents

All highly liquid investments with an original maturity of three months or less at the time of purchase are considered to be cash equivalents.

(k) Accounts Receivable Valuation

Accounts receivable are stated at their net realizable value. The allowance for doubtful accounts reflects the Company’s best estimate of probable losses inherent in the accounts receivable portfolio determined on the basis of historical experience, aging of trade receivables, specific allowances for known troubled accounts and other currently available information.

(l) Inventory Valuation

Inventories are stated at the estimated lower of cost or market. Cost is determined by the first-in, first-out, or “FIFO,” method for inventories. Obsolete, damaged, and excess inventory is carried at the net realizable value, which is determined by assessing historical recovery rates, current market conditions and future marketing and sales plans. Rebates, discounts and other cash consideration received from a vendor related to inventory purchases are reflected as reductions in the cost of the related inventory item, and are therefore reflected in cost of sales when the related inventory item is sold.

(m) Property

Property is stated at historical cost and depreciation expense is computed using the straight-line method over the estimated useful lives of the assets. Machinery and equipment is depreciated over periods ranging from three to 15 years and buildings and building improvements over periods of up to 40 years. A change in the depreciable life is treated as a change in accounting estimate and the accelerated depreciation is accounted for in the period of change and future periods. Additions and improvements that substantially extend the useful life of a particular asset and interest costs incurred during the construction period of major properties are capitalized. Repairs and maintenance costs are expensed as incurred. Upon sale or disposition of an asset, the cost and related accumulated depreciation are removed from the accounts.

Property is tested for recoverability whenever events or changes in circumstances indicate that its carrying value may not be recoverable. Such events include significant adverse changes in the business climate, several periods of operating or cash flow losses, forecasted continuing losses or a current expectation that an asset or an asset group will be disposed of before the end of its useful life. Recoverability of property is evaluated by a comparison of the carrying amount of an asset or asset group to future net undiscounted cash flows expected to be generated by the asset or asset group. If these comparisons indicate that an asset is not recoverable, the impairment loss recognized is the amount by which the carrying amount of the asset exceeds the estimated fair value. When an impairment loss is recognized for assets to be held and used, the adjusted carrying amount of those assets is depreciated over its remaining useful life. Restoration of a previously recognized impairment loss is not permitted under U.S. GAAP.

(n) Trademarks and Other Identifiable Intangible Assets

The primary identifiable intangible assets of the Company are trademarks, licensing agreements, customer and distributor relationships and computer software. Identifiable intangible assets with finite lives are amortized and those with indefinite lives are not amortized. The estimated useful life of a finite-lived intangible asset is based upon a number of factors, including the effects of demand, competition, expected changes in distribution channels and the level of maintenance expenditures required to obtain future cash flows. Trademarks with finite lives are being amortized over periods ranging from ten to 12 years, license agreements are being amortized over periods ranging from three to 17 years, customer and distributor relationships are being amortized over periods ranging from two to 15 years and computer software and other intangibles are being amortized over periods ranging from one to seven years.

Identifiable intangible assets that are subject to amortization are evaluated for impairment using a process similar to that used in evaluating elements of property. Identifiable intangible assets not subject to amortization are assessed for impairment at least annually, as of the first day of the third fiscal quarter, and as triggering events occur. The impairment test for identifiable intangible assets not subject to amortization consists of comparing the fair value of the intangible asset to its carrying amount. If the carrying value exceeds the fair value of the asset, an impairment loss is recognized in an amount equal to such excess. In assessing fair value, management relies on a number of factors to discount anticipated future cash flows including operating results, business plans and present value techniques. Rates used to discount cash flows are dependent upon interest rates and the cost of capital at a point in time. There are inherent uncertainties related to these factors and management’s judgment in applying them to the analysis of intangible asset impairment.

The Company capitalizes internal software development costs incurred during the application development stage, which include the actual costs to purchase software from vendors and generally include personnel and related costs for employees who were directly associated with the enhancement and implementation of purchased computer software. Additions to computer software are included in purchases of property, plant and equipment in the Consolidated Statements of Cash Flows.

(o) Goodwill

Goodwill is the amount by which the purchase price exceeds the fair value of the assets acquired and liabilities assumed in a business combination. When a business combination is completed, the assets acquired and liabilities assumed are assigned to the reporting unit or units of the Company given responsibility for managing, controlling and generating returns on these assets and liabilities. In many instances, all of the acquired assets and assumed liabilities are assigned to a single reporting unit and in these cases all of the goodwill is assigned to the same reporting unit. In those situations in which the acquired assets and liabilities are allocated to more than one reporting unit, the goodwill to be assigned to each reporting unit is determined in a manner similar to how the amount of goodwill recognized in a business combination is determined.

Goodwill is not amortized; however, it is assessed for impairment at least annually and as triggering events occur. The Company’s annual measurement date is the first day of the third fiscal quarter. In evaluating the recoverability of goodwill, the Company estimates the fair value of its reporting units and compares it to the carrying value. If the carrying value of the reporting unit exceeds its fair value, the next step of the process involves comparing the implied fair value to the carrying value of the goodwill of that reporting unit. If the carrying value of the goodwill of a reporting unit exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to such excess. No impairment of goodwill was identified as a result of the testing conducted in 2017. In estimating the fair values of the reporting units, management relies on a number of factors to discount anticipated future cash flows including operating results, business plans and present value techniques. Rates used to discount cash flows are dependent upon interest rates and the cost of capital at a point in time. There are inherent uncertainties related to these factors and management’s judgment in applying them to the analysis of goodwill impairment.

(p) Insurance Reserves

The Company is self-insured for property, workers’ compensation, medical and other casualty programs up to certain stop-loss limits. Undiscounted liabilities for self-insured exposures are accrued at the present value of the expected aggregate losses below those limits and are based on a number of assumptions, including historical trends, actuarial assumptions and economic conditions.

(q) Stock-Based Compensation

The Company established the Hanesbrands Inc. Omnibus Incentive Plan (As Amended and Restated), (the “Omnibus Incentive Plan”) to award stock options, stock appreciation rights, restricted stock, restricted stock units, deferred stock units, performance shares and cash to its employees, non-employee directors and employees of its subsidiaries to promote the interests of the Company, incent performance and retention of employees. The Company recognizes the cost of employee services received in exchange for awards of equity instruments based upon the grant date fair value of those awards.

(r) Income Taxes

Deferred taxes are recognized for the future tax effects of temporary differences between financial and income tax reporting using tax rates in effect for the years in which the differences are expected to reverse. Given continuing losses in certain jurisdictions in which the Company operates on a separate return basis, a valuation allowance has been established for the deferred tax assets in these specific locations. The Company periodically estimates the probable tax obligations using historical experience in tax jurisdictions and informed judgment. There are inherent uncertainties related to the interpretation of tax regulations in the jurisdictions in which the Company transacts business. The judgments and estimates made at a point in time may change based on the outcome of tax audits, as well as changes to, or further interpretations of, regulations. Income tax expense is adjusted in the period in which these events occur, and these adjustments are included in the Company’s Consolidated Statements of Income. If such changes take place, there is a risk that the Company’s effective tax rate may increase or decrease in any period. A company must recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate resolution.

In addition, the Tax Act implemented a new minimum tax on global intangible low-taxed income (“GILTI”). A company can elect an accounting policy to account for GILTI in either of the following ways:


•	As a period charge in the future period the tax arises; or


•	As part of deferred taxes related to the investment or subsidiary.

The Company is currently in the process of analyzing this provision and, as a result, is not yet able to reasonably estimate its effect. Therefore, the Company has not made any adjustments related to potential GILTI tax in its consolidated financial statements and has not made a policy decision regarding whether to record deferred tax on GILTI.

Due to the complexities involved in accounting for the enactment of the Tax Act, SEC Staff Accounting Bulletin 118 (“SAB 118”) allows companies to record provisional estimates of the impacts of the Tax Act during a measurement period which is similar to the measurement period of up to one year from the enactment which is similar to the measurement period used when accounting for business combinations. The Company will continue to assess the impact of the recently enacted tax law on its consolidated financial statements.

(s) Financial Instruments

The Company uses forward foreign exchange contracts to manage its exposures to movements in foreign exchange rates. The use of these financial instruments modifies the Company’s exposure to these risks with the goal of reducing the risk or cost to the Company. Depending on the nature of the underlying risk being hedged, these financial instruments are either designated as cash flow hedges or are economic hedges against changes in the value of the hedged item and therefore not designated as hedges for accounting purposes. The Company does not use derivatives for trading purposes and is not a party to leveraged derivative contracts.

On the date the derivative is entered into, the Company determines whether the derivative meets the criteria for cash flow hedge accounting treatment or whether the financial instrument is serving as an economic hedge against changes in the value of the hedged item and therefore is not designated as a hedge for accounting purposes. The accounting for changes in fair value of the derivative instrument depends on whether the derivative has been designated and qualifies as part of a hedging relationship.

The Company formally documents its hedge relationships, including identifying the hedging instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the hedge transaction. This process includes linking derivatives that are designated as hedges of specific assets, liabilities, firm commitments or forecasted transactions. The Company also formally assesses, both at inception and at least quarterly thereafter, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flows of the hedged item. If it is determined that a derivative ceases to be a highly effective hedge, or if the anticipated transaction is no longer likely to occur, the Company discontinues hedge accounting, and any deferred gains or losses are recorded in the “Selling, general and administrative expenses” line of the Consolidated Statements of Income.

Derivatives are recorded in the Consolidated Balance Sheets at fair value and classified as current or noncurrent based on the derivatives’ maturity dates. The fair value is based upon either market quotes for actively traded instruments or independent bids for nonexchange traded instruments. Cash flows hedges are classified in the same category as the item being hedged, and cash flows from derivative contracts not designated as hedges are classified as cash flows from operating activities in the Consolidated Statements of Cash Flows.

The Company may be exposed to credit losses in the event of nonperformance by individual counterparties or the entire group of counterparties to the Company’s derivative contracts. Risk of nonperformance by counterparties is mitigated by dealing with highly rated counterparties and by diversifying across counterparties.

Cash Flow Hedges

The effective portion of the change in the fair value of a derivative that is designated as a cash flow hedge is recorded in the “Accumulated other comprehensive loss” line of the Consolidated Balance Sheets. When the hedged item affects the income statement, the gain or loss included in AOCI is reported on the same line in the Consolidated Statements of Income as the hedged item. In addition, both the fair value of changes excluded from the Company’s effectiveness assessments and the ineffective portion of the changes in the fair value of derivatives used as cash flow hedges are reported in the “Selling, general and administrative expenses” line in the Consolidated Statements of Income.

Derivative Contracts Not Designated as Hedges

For derivative contracts not designated as hedges, changes in fair value are reported in the “Selling, general and administrative expenses” line of the Consolidated Statements of Income. These contracts are recorded at fair value when the hedged item is recorded as an asset or liability and then are revalued each accounting period.

(t) Assets and Liabilities Acquired in Business Combinations

Business combinations are accounted for using the purchase method, which requires the Company to allocate the cost of an acquired business to the acquired assets and assumed liabilities based on their estimated fair values at the acquisition date. The Company recognizes the excess of an acquired business’ cost over the fair value of acquired assets and assumed liabilities as goodwill. Fair values are determined using the income approach based on market participant assumptions focusing on future cash flow projections and accepted industry standards.

(u) Recently Issued Accounting Pronouncements

Fair Value Measurement

In May 2015, the FASB issued ASU 2015-07, “Fair Value Measurement (Topic 820)”, which removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient, and requires separate disclosure of those investments instead. These disclosures were effective for the Company in the first quarter of 2016. The adoption of the new accounting rules did not have an impact on the Company’s financial condition, results of operations or cash flows, however management did adopt the related applicable disclosures. Refer to Note, “Fair Value of Assets and Liabilities”.

Inventory

In July 2015, the FASB issued ASU 2015-11, “Inventory: Simplifying the Measurement of Inventory”, which require inventory to be recorded at the lower of cost or net realizable value. The new standard was effective for the Company in the first quarter of 2017. The adoption of the new accounting rules did not have a material impact on the Company’s financial condition, results of operations or cash flows.

Hedge Accounting

In March 2016, the FASB issued ASU 2016-05, “Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships”, which clarifies that a change in the counterparty to a derivative contract, in and of itself, does not require the dedesignation of a hedging relationship. The new standard, which could be adopted prospectively or on a modified retrospective basis, was effective for the Company in the first quarter of 2017. The adoption of the new accounting rules did not have a material impact on the Company’s financial condition, results of operations and cash flows. Also in March 2016, the FASB issued ASU 2016-06, “Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments”, which clarify the requirements for assessing whether contingent call (put) options that can accelerate the payment of principal on debt instruments are clearly and closely related to their debt hosts. An entity performing the assessment under the amendments in this Update is required to assess the embedded call (put) options solely in accordance with the four-step decision sequence. The new standard, which is applied on a modified prospective basis, was effective for the Company in the first quarter of 2017. The adoption of the new accounting rules did not have a material impact on the Company’s financial condition, results of operations and cash flows.

Revenue from Contracts with Customers

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”, a new accounting standard on revenue recognition that outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The FASB has subsequently issued updates to the standard to provide additional clarification on specific topics. The new standard will be effective for the Company in the first quarter of 2018 and can be applied using a modified retrospective or full retrospective method. The Company has established an implementation team consisting of finance, accounting and front-end business partners to analyze the impact of the guidance across all of its revenue sources. The Company has evaluated the new standard against its existing accounting policies and practices, including reviewing standard purchase orders, invoices, shipping terms, conducting questionnaires with its global team and reviewing contracts with customers. The Company has not identified any information that would indicate that the new guidance will have a material impact on the Company’s consolidated financial statements. The Company expects to have enhanced disclosures related to disaggregation of revenue sources and accounting policies. The Company expects to adopt the new standard in the first quarter of 2018 using the modified retrospective transition method.

Statement of Cash Flows

In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments”. Issues addressed in the new guidance that are relevant to the Company include debt prepayment and extinguishment costs, contingent consideration payments made after a business combination and beneficial interests in securitization transactions. The new rules will be effective for the Company in the first quarter of 2018. The Company does not expect the adoption of the new accounting rules to have a material impact on the Company’s cash flows.

Income Taxes

In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory”. The update eliminates the exception for an intra-entity transfer of an asset other than inventory, which aligns the recognition of income tax consequences for inter-entity transfers of assets other than inventory by requiring the recognition of current and deferred income taxes resulting from an intra-entity transfer of such an asset when the transfer occurs rather than when it is sold to an external party. The new rules will be effective for the Company in the first quarter of 2018. The Company does not expect the adoption of the new accounting rules to have a material impact on the Company’s financial condition, results of operations and cash flows.

Definition of a Business

In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business”. The update provides that when substantially all the fair value of the assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. The new rules will be effective for the Company in the first quarter of 2018. The Company does not expect the adoption of the new accounting rules to have a material impact on the Company’s financial condition, results of operations and cash flows.

Retirement Benefits

In March 2017, the FASB issued ASU 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the presentation of net periodic pension cost and net periodic postretirement benefit cost”. The new rules require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. The new rules will be effective for the Company in the first quarter of 2018. Early adoption is permitted. The Company does not expect the adoption of the new accounting rules to have a material impact on the Company’s financial condition, results of operations and cash flows.

Stock Compensation

In May 2017, the FASB issued ASU 2017-09, “Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting”. The new rules provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. Under the new rules, an entity should account for the effects of a modification unless the fair value, vesting conditions and classification of the modified award are the same as the original award immediately before the original award is modified. The new rules will be effective for the Company in the first quarter of 2018. Early adoption is permitted. The Company does not expect the adoption of the new accounting rules to have a material impact on the Company’s financial condition, results of operations and cash flows.

Lease Accounting

In February 2016, the FASB issued ASU 2016-02, “Leases”, which will require lessees to recognize a right-of-use asset and a lease liability for all leases that are not short-term in nature. The new rules will be effective for the Company in the first quarter of 2019. The Company is currently in the process of evaluating the impact of adoption of the new rules on the Company’s financial condition, results of operations and cash flows.

Derivatives and Hedging

In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities”. The new rules expand the hedging strategies that qualify for hedge accounting, including contractually-specified price components of a commodity purchase or sale, hedges of the benchmark rate component of the contractual coupon cash flows of fixed-rate assets and liabilities, hedges of the portion of a closed portfolio of prepayable assets and partial-term hedges of fixed-rate assets and liabilities. The new rules also allow additional time to complete hedge effectiveness testing and allow qualitative assessments subsequent to initial quantitative tests if there is a supportable expectation that the hedge will remain highly effective. The new rules will be effective for the Company in the first quarter of 2019, with early adoption permitted. The Company does not expect the adoption of the new accounting rules to have a material impact on the Company’s financial condition, results of operations and cash flows.

Goodwill Impairment

In January 2017, the FASB issued ASU 2017-04, “Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. The new rules simplify how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount. The new rules will be effective for the Company in the first quarter of 2020. The Company does not expect the adoption of the new accounting rules to have a material impact on the Company’s financial condition, results of operations and cash flows.

(v) Reclassifications

Certain prior year amounts in the Consolidated Balance Sheets and notes to the Consolidated Financial Statements, none of which are material, have been reclassified to conform with the current year presentation. These classifications within the statements had no impact on the Company’s results of operations.

Acquisitions

12 Months Ended

Dec. 30, 2017

Business Combinations [Abstract]

Acquisitions

Hanes Australasia

On July 14, 2016, the Company acquired 100% of the outstanding shares of Pacific Brands Limited (“Hanes Australasia”) for a total purchase price of AUD$1,049,360 ($800,871). US dollar equivalents are based on acquisition date exchange rates. The Company funded the acquisition through a combination of cash on hand, a portion of the net proceeds from the 3.5% Senior Notes issued in June 2016 and borrowings under the Australian Term A-1 Loan Facility and the Australian Term A-2 Loan Facility.

The results of Hanes Australasia have been included in the Company’s consolidated financial statements since the date of acquisition and are reported as part of the International segment.

Hanes Australasia is a leading underwear and intimate apparel company in Australia with a portfolio of strong brands including Bonds, Australia’s top brand of underwear, babywear and socks, and Berlei, a leading sports bra brand and leading seller of premium bras in department stores. The Company believes the acquisition creates growth opportunities by adding to the Company’s portfolio of leading innerwear brands supported by the Company’s global low-cost supply chain and manufacturing network. Factors that contribute to the amount of goodwill recognized for the acquisition include the value of the existing work force and expected cost savings by utilizing the Company’s low-cost supply chain and expected synergies with existing Company functions. Goodwill associated with the acquisition is not tax deductible.

The acquired assets and assumed liabilities at the date of acquisition (July 14, 2016) include the following:



Cash and cash equivalents	$	54,294
Accounts receivable, net	36,019
Inventories	104,806
Other current assets	16,588
Current assets of discontinued operations	50,839
Property, net	34,835
Trademarks and other identifiable intangibles	506,170
Deferred tax assets and other noncurrent assets	23,687
Total assets acquired	827,238
Accounts payable	89,309
Accrued liabilities and other	24,912
Current liabilities of discontinued operations	14,564
Long-term debt	41,976
Deferred tax liabilities and other noncurrent liabilities	16,320
Total liabilities assumed	187,081
Net assets acquired	640,157
Goodwill	160,714
Purchase price	$	800,871

Since July 14, 2016, goodwill decreased by $25,434 as a result of measurement period adjustments, primarily related to the valuation adjustments for the Dunlop Flooring and Tontine Pillow businesses and completion of deferred tax balances. The purchase price allocation was finalized in the third quarter of 2017.

Champion Europe

On June 30, 2016, the Company acquired 100% of Champion Europe S.p.A. (“Champion Europe”), which owns the trademark for the Champion brand in Europe, the Middle East and Africa, from certain individual shareholders in an all-cash transaction valued at €220,751 ($245,554) enterprise value less working capital adjustments as defined in the purchase agreement, which included €40,700 ($45,277) in estimated contingent consideration. US dollar equivalents are based on acquisition date exchange rates. The Company funded the acquisition through a combination of cash on hand and borrowings under the 3.5% Senior Notes issued in June 2016.

The results of Champion Europe have been included in the Company’s consolidated financial statements since the date of acquisition and are reported as part of the International segment.

The Company believes combining the Champion business creates a unified platform to benefit from the global consumer growth trend for active apparel. Factors that contribute to the amount of goodwill recognized for the acquisition include the value of the existing work force and expected cost savings by utilizing the Company’s low-cost supply chain and expected synergies with existing Company functions. Goodwill associated with the acquisition is not tax deductible.

The final contingent consideration liability is included in the “Accrued liabilities — Other” line in the accompanying Consolidated Balance Sheet and is based on 10 times Champion Europe’s earnings before interest, income taxes, depreciation and amortization (“EBITDA”) in excess of €18,600, calculated as defined by the purchase agreement, for the calendar year 2016. On April 28, 2017, an initial payment of €37,820 ($41,250) was made to the sellers towards the contingent consideration liability, which represented the mutually agreed portion of the contingent consideration at said date. Upon final settlement negotiations in January 2018, management has accrued €26,430 at December 30, 2017 to reflect the fair value of the final contingent consideration payment to be made in 2018. The final contingent consideration settlement is within the previously disclosed range.

The acquired assets, contingent consideration and assumed liabilities at the date of acquisition (June 30, 2016) include the following:



Cash and cash equivalents	$	14,581
Trade accounts receivable, net	27,926
Inventories	53,816
Other current assets	5,976
Property, net	24,605
Trademarks and other identifiable intangibles	135,277
Deferred tax assets and other noncurrent assets	3,777
Total assets acquired	265,958
Accounts payable	66,594
Accrued liabilities and other (including contingent consideration)	60,887
Notes payable	27,748
Deferred tax liabilities and other noncurrent liabilities	20,282
Total liabilities assumed and contingent consideration	175,511
Net assets acquired	90,447
Goodwill	109,830
Initial consideration paid	200,277
Estimated contingent consideration	45,277
Total purchase price	$	245,554

Since June 30, 2016, goodwill increased by $1,665 as a result of measurement period adjustments primarily to working capital. The purchase price allocation was finalized in the second quarter of 2017.

Consolidated Pro Forma Results

Consolidated unaudited pro forma results of operations for the Company are presented below assuming that the 2016 acquisition of Hanes Australasia and Champion Europe had occurred on January 4, 2015. Pro forma operating results for the year ended January 2, 2016 include expenses totaling $9,560, for acquisition-related adjustments primarily related to inventory and stock compensation.



	Years Ended
	December 31, 2016		January 2, 2016
Net sales	$	6,434,928	$	6,480,153
Net income from continuing operations	617,261		437,849
Earnings per share from continuing operations:
Basic	$	1.62	$	1.09
Diluted	1.61		1.08

Pro forma financial information is not necessarily indicative of the Company’s actual results of operations if the acquisitions had been completed at the dates indicated, nor is it necessarily an indication of future operating results. Amounts do not include any operating efficiencies or cost savings that the Company believes are achievable.

Knights Apparel

In April 2015, the Company completed the acquisition of Knights Holdco, Inc. (“Knights Apparel”), a leading seller of licensed collegiate logo apparel primarily in the mass retail channel, from Merit Capital Partners in an all cash transaction valued at approximately $192,888 on an enterprise value basis. The Company funded the acquisition with cash on hand and short-term borrowings under its Revolving Loan Facility.

Since January 2, 2016, goodwill decreased by $3,551 as a result of measurement period adjustments to the acquired income tax balances. The purchase price allocation was finalized in the first quarter of 2016.

Unaudited pro forma results of operations for the Company are presented below for year-to-date assuming that the 2015 acquisition of Knights Apparel had occurred on December 29, 2013.



	Year Ended
	January 2, 2016
Net sales	$	5,753,706
Net income from continuing operations	433,636
Earnings per share from continuing operations:
Basic	$	1.08
Diluted	1.07

Pro forma financial information is not necessarily indicative of the Company’s actual results of operations if the acquisition has been completed at the date indicated, nor is it necessarily an indication of future operating results. Amounts do not include any operating efficiencies or cost savings that the Company believes are achievable.

Other Acquisitions

On October 13, 2017, the Company acquired 100% of Alternative Apparel, Inc. (“Alternative Apparel”) from Rosewood Capital V, L.P. and certain individual shareholders in an all-cash transaction. Alternative Apparel sells the Alternative brand better basics T-shirts, fleece and other tops and bottoms. Alternative is a lifestyle brand known for its comfort, style and social responsibility. The Company believes this acquisition will create growth opportunities by supporting its Activewear growth strategy by expanding its market and channel penetration, including online, supported by the Company’s global low-cost supply chain and manufacturing network. Total consideration paid was $62,318. The Company funded the acquisition with cash on hand and short term borrowing under the Revolving Loan Facility. In connection with the acquisition, the Company recorded net working capital of $18,517, goodwill of $24,514, intangible assets of $26,800 and other net liabilities of $7,513. The results of Alternative Apparel have been included in the Company’s consolidated financial statements since the date of the acquisition and are reported as part of the Activewear segment. Due to the immaterial nature of this acquisition, the Company has not provided additional disclosures herein.

In September 2016, the Company completed two immaterial acquisitions of It’s Greek to Me, Inc. and GTM Retail, Inc. (“GTM”) and Universo Sport S.p.A (“Universo”). The acquisitions extended the Company’s domestic presence in the custom decorated teamwear and fanwear apparel space into the high school channel and expanded the Company’s retail platform in Italy, respectively. Total consideration paid for both acquisitions totaled $24,415. The Company funded the acquisitions with cash on hand and short term borrowings under the Revolving Loan Facility. In connection with these acquisitions, the Company recorded net working capital of $7,013, goodwill of $8,753 and other net assets of $8,649. The purchase price allocations were finalized in the third quarter of 2017. The results of GTM and Universo have been included in the Company’s consolidated financial statements since the date of the acquisition and are reported as part of the Activewear and International segments, respectively. Due to the immaterial nature of these acquisitions, the Company has not provided additional disclosures herein.

Subsequent Event

On February 2, 2018, the Company and its wholly owned subsidiary, HBI Australia Acquisition Co Pty Limited, entered into a Share Purchase Agreement with all of the shareholders of BNT Holdco Pty Limited (“Bras N Things”), to acquire 100% of the outstanding equity of Bras N Things for a purchase price of AUD$500,000 in an all cash transaction, less any net indebtedness of Bras N Things at closing, and subject to a post-closing adjustment to reflect deviation at closing from a normalized level of working capital. The Company will fund the acquisition with cash on hand. Bras N Things is a leading intimate apparel retailer and e-commerce business in Australia and New Zealand. Bras N Things sells proprietary bras, panties and lingerie sets through a retail network of approximately 170 stores and a fast-growing e-commerce platform. The Company believes this acquisition will create opportunities by appealing to millennial consumers featuring core products supplemented by seasonal product offerings. The consumer-direct sales model has significant potential for expansion into other geographic markets. The transaction is expected to close by the middle of February.

Discontinued Operations

12 Months Ended

Dec. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Discontinued operations

Discontinued Operations

As part of the Company’s acquisition of Hanes Australasia in 2016, the Company acquired Hanes Australasia’s legacy Dunlop Flooring and Tontine Pillow businesses. The Company concluded that these businesses were not a strategic fit; therefore, the decision was made to divest of the businesses.

In February 2017, the Company sold its Dunlop Flooring business for AUD$34,564 ($26,219) in net cash proceeds at the time of sale, with an additional AUD$1,334 ($1,012) of proceeds received in April 2017 related to a working capital adjustment, resulting in a pre-tax loss of AUD$2,715 ($2,083). US dollar equivalents are based on exchange rates on the date of the sale transaction. The Dunlop Flooring business was reported as part of discontinued operations since the date of acquisition.

In March 2017, the Company sold its Tontine Pillow business for AUD$13,500 ($10,363) in net cash proceeds at the time of sale. A working capital adjustment of AUD$966 ($742) was paid to the buyer in April 2017, resulting in a net pre-tax gain of AUD$2,415 ($1,856). US dollar equivalents are based on exchange rates on the date of the sale transaction. The Tontine Pillow business was reported as part of discontinued operations since the date of acquisition.

The operating results of these discontinued operations only reflect revenues and expenses that are directly attributable to these businesses that were eliminated from ongoing operations. The key components from discontinued operations related to the Dunlop Flooring and Tontine Pillow businesses were as follows:



	Years Ended
	December 30, 2017			December 31, 2016
Net sales	$	6,865		$	34,698
Cost of sales	4,507			22,554
Gross profit	2,358			12,144
Selling, general and administrative expenses	3,729			8,632
Operating profit (loss)	(1,371		)	3,512
Other expenses	303			1,106
Net loss on disposal of business	242			—
Income (loss) from discontinued operations before income tax expense	(1,916		)	2,406
Income tax expense (benefit)	181			(49		)
Net income (loss) from discontinued operations, net of tax	$	(2,097	)	$	2,455

All assets and liabilities of discontinued operations were sold in 2017. Assets and liabilities of discontinued operations classified as held for sale in the consolidated balance sheet as of December 31, 2016 consisted of the following:



Trade accounts receivable, net	$	10,139
Inventories	10,691
Property, net	3,630
Trademarks and other identifiable intangibles, net	14,929
Goodwill	10,479
Accounts payable and accrued liabilities	(8,257		)
Net other assets and liabilities	(5,180		)
Net assets of discontinued operations	$	36,431

For the years ended December 30, 2017 and December 31, 2016, there were no material amounts of depreciation, amortization, capital expenditures, or significant operating or investing non-cash items related to discontinued operations.

Earnings Per Share

12 Months Ended

Dec. 30, 2017

Earnings Per Share

Basic earnings per share (“EPS”) was computed by dividing net income by the number of weighted average shares of common stock outstanding during the period. Diluted EPS was calculated to give effect to all potentially dilutive shares of common stock using the treasury stock method. In 2015, the Company implemented a four-for-one stock split on the Company’s common stock in the form of a 300% stock dividend.

The reconciliation of basic to diluted weighted average shares outstanding is as follows:



	Years Ended
	December 30, 2017	December 31, 2016	January 2, 2016
Basic weighted average shares outstanding	367,680	381,782	399,891
Effect of potentially dilutive securities:
Stock options	1,435	1,983	2,719
Restricted stock units	307	756	1,009
Employee stock purchase plan and other	4	45	40
Diluted weighted average shares outstanding	369,426	384,566	403,659

Restricted stock units totaling 488, 303 and 348 units were excluded from the diluted earnings per share calculation because their effect would be anti-dilutive for 2017, 2016, and 2015, respectively. In 2017, 2016 and 2015, there were no anti-dilutive options to purchase shares of common stock.

Stock-Based Compensation

12 Months Ended

Dec. 30, 2017

Stock-Based Compensation

The Company established the Omnibus Incentive Plan to award stock options, stock appreciation rights, restricted stock, restricted stock units, deferred stock units, performance shares and cash to its employees, non-employee directors and employees of its subsidiaries to promote the interests of the Company, incent performance and retention of employees.

Stock Options

The exercise price of each stock option equals the closing market price of the Company’s stock on the date of grant. Options granted vest ratably over three years and can be exercised over a term of 10 years. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model. There were no options granted during any of the periods presented.

A summary of the changes in stock options outstanding to the Company’s employees under the Omnibus Incentive Plan is presented below:



	Shares		Weighted- Average Exercise Price		Aggregate Intrinsic Value		Weighted- Average Remaining Contractual Term (Years)
Options outstanding at January 3, 2015	7,292		$	5.92	$	158,469	3.40
Exercised	(4,540	)	6.10

Options outstanding at January 2, 2016	2,752		$	5.62	$	65,531	2.88
Exercised	(477	)	5.90

Options outstanding at December 31, 2016	2,275		$	5.56	$	36,438	2.20
Exercised	(736	)	6.22

Options outstanding and exercisable at December 30, 2017	1,539		$	5.24	$	24,108	1.76

The total intrinsic value of options that were exercised during 2017, 2016 and 2015 was $10,821, $7,465 and $105,899 respectively.

Stock Unit Awards

Restricted stock units (RSUs) of the Company’s stock are granted to certain Company non-employee directors and employees to incent performance and retention over periods of one to four years, respectively. Upon vesting, the RSUs are converted into shares of the Company’s common stock on a one-for-one basis and issued to the grantees. Some RSUs which have been granted under the Omnibus Incentive Plan vest upon continued future service to the Company, while others also have a performanced-based vesting feature. The cost of these awards is determined using the fair value of the shares on the date of grant, and compensation expense is recognized over the period during which the grantees provide the requisite service to the Company. A summary of the changes in the restricted stock unit awards outstanding under the Omnibus Incentive Plan is presented below:



	Shares		Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value		Weighted- Average Remaining Contractual Term (Years)
Nonvested share units outstanding at January 3, 2015	3,418		$	16.12	$	94,521	1.71
Granted — non-performanced based	516		31.06
Granted — performanced based	828		23.50
Vested	(1,816	)	11.45
Forfeited	(113	)	16.87

Nonvested share units outstanding at January 2, 2016	2,833		$	23.99	$	83,381	1.78
Granted — non-performanced based	748		23.44
Granted — performanced based	511		23.64
Vested	(1,525	)	19.47
Forfeited	(47	)	23.38

Nonvested share units outstanding at December 31, 2016	2,520		$	26.46	$	54,356	2.11
Granted — non-performanced based	628		21.22
Granted — performanced based	590		23.04
Vested	(991	)	26.74
Forfeited	(81	)	26.81

Nonvested share units outstanding at December 30, 2017	2,666		$	24.36	$	55,741	2.00

The total fair value of shares vested during 2017, 2016 and 2015 was $26,510, $29,705 and $20,784, respectively. Certain participants elected to defer receipt of shares earned upon vesting.

In addition to granting RSUs that vest solely upon continued future service to the Company, the Company also grants performanced-based restricted stock units where the number of shares of the Company’s common stock that will be received upon vesting range from 0% to 200% of the number of units granted based on the Company’s achievement of certain performance metrics. These performanced-based stock awards, which are included in the table above, represent awards that are earned based on future performance and service. As reported in the above table, the number of performanced-based restricted stock units granted each year represents the initial units granted on the date of grant plus any additional units that were earned based on the final achievement of the respective performance thresholds.

For all share-based payments under the Omnibus Incentive Plan, during 2017, 2016 and 2015, the Company recognized total compensation expense of $23,224, $30,617 and $29,154 and recognized a deferred tax benefit of $6,085, $11,754 and $11,382, respectively.

At December 30, 2017, there was $10,037 of total unrecognized compensation cost related to non-vested stock-based compensation arrangements, of which $6,837, $2,456, and $744 is expected to be recognized in 2018, 2019, and 2020, respectively. The Company satisfies the requirement for common shares for share-based payments to employees pursuant to the Omnibus Incentive Plan by issuing newly authorized shares. The Omnibus Incentive Plan authorized 63,220 shares for awards of stock options and restricted stock units, of which 9,533 were available for future grants as of December 30, 2017.

Trade Accounts Receivable

12 Months Ended

Dec. 30, 2017

Trade Accounts Receivable

Allowances for Trade Accounts Receivable

The changes in the Company’s allowance for doubtful accounts and allowance for chargebacks and other deductions are as follows:



	Allowance for Doubtful Accounts			Allowance for Chargebacks and Other Deductions⁽¹⁾			Total
Balance at January 3, 2015	$	8,117		$	8,739		$	16,856
Charged to expenses	4,656			8,675			13,331
Deductions and write-offs	(7,844		)	(7,840		)	(15,684		)
Currency translation	(1,180		)	(223		)	(1,403		)

Balance at January 2, 2016	$	3,749		$	9,351		$	13,100
Charged to expenses	3,650			19,820			23,470
Deductions and write-offs	(381		)	(16,259		)	(16,640		)
Currency translation	(360		)	(844		)	(1,204		)

Balance at December 31, 2016	$	6,658		$	12,068		$	18,726
Charged to expenses	6,642			16,169			22,811
Deductions and write-offs	(632		)	(18,264		)	(18,896		)
Currency translation	904			2,551			3,455

Balance at December 30, 2017	$	13,572		$	12,524		$	26,096


(1)	The balances presented herein reflect the prior year reclassification from the “Accounts Receivable” line as disclosed in Note, “Basis of Presentation.”

Charges to the allowance for doubtful accounts are reflected in the “Selling, general and administrative expenses” line and charges to the allowance for customer chargebacks and other customer deductions are primarily reflected as a reduction in the “Net sales” line of the Consolidated Statements of Income. Deductions and write-offs, which do not increase or decrease income, represent write-offs of previously reserved accounts receivable and allowed customer chargebacks and deductions against gross accounts receivable.

Sales of Accounts Receivable

The Company has entered into agreements to sell selected trade accounts receivable to financial institutions. After the sale, the Company does not retain any interests in the receivables and the applicable financial institution services and collects these accounts receivable directly from the customer. Net proceeds of these accounts receivable sale programs are recognized in the Consolidated Statements of Cash Flows as part of operating cash flows. The Company recognized funding fees of $6,059, $4,497 and $2,452 in 2017, 2016 and 2015, respectively, for sales of accounts receivable to financial institutions in the “Other expenses” line in the Consolidated Statements of Income.

Debt

12 Months Ended

Dec. 30, 2017

Debt Disclosure [Abstract]

Debt

The Company had the following debt at December 30, 2017 and December 31, 2016:



	Interest Rate as of December 30, 2017	Principal Amount
	Interest Rate as of December 30, 2017	December 30, 2017		December 31, 2016		Maturity Date
Senior Secured Credit Facility:
Revolving Loan Facility	—	$	—	$	—	December 2022
Term Loan A	2.99%	750,000		655,469		December 2022
Term Loan B	3.23%	500,000		318,625		December 2024
Australian Term A-1	3.23%	135,826		143,544		July 2019
Australian Term A-2	—	—		143,544		July 2021
4.875% Senior Notes	4.88%	900,000		900,000		May 2026
4.625% Senior Notes	4.63%	900,000		900,000		May 2024
3.5% Senior Notes	3.50%	599,649		520,617		June 2024
European Revolving Loan Facility	1.50%	81,539		62,474		September 2018
Accounts Receivable Securitization Facility	2.31%	125,209		44,521		March 2018
Other International Debt	Various	1,044		43,789		Various
		3,993,267		3,732,583
Less long-term debt issuance cost		41,624		46,534
Less current maturities		249,589		178,364
		$	3,702,054	$	3,507,685

The Company’s primary financing arrangements are the senior secured credit facility (the “Senior Secured Credit Facility”), 4.875% senior notes (the “4.875% Senior Notes”), 4.625% senior notes (the “4.625% Senior Notes”), 3.5% senior notes (the “3.5% Senior Notes”), the Accounts Receivable Securitization Facility and the European Revolving Loan Facility. The outstanding balances at December 30, 2017 are reported in the “Current portion of long-term debt”, “Long-term debt” and “Accounts Receivable Securitization Facility” lines of the Consolidated Balance Sheets.

Total cash paid for interest related to debt in 2017, 2016 and 2015 was $164,716, $130,603 and $106,231, respectively.

Senior Secured Credit Facility

On December 15, 2017, the Company refinanced its Senior Secured Credit Facility to extend the maturity date of the revolving loan facility (the “Revolving Loan Facility”) to December 2022 and re-price at favorable rates, extend the maturity date of the Term Loan A to December 2022 and re-price at favorable rates, extend the maturity date of the Term Loan B to December 2024 and re-price at favorable rates, and add an additional $325,750 in term loan borrowings ($144,375 for Term Loan A and $181,375 for Term Loan B). The Company incurred $11,935 in fees related to this refinancing. The proceeds of the Term Loan A and the Term Loan B were used to pay down existing borrowings under the Senior Secured Credit Facility and pay fees and expenses in connection with the closing of the Senior Secured Credit Facility. Proceeds of the Revolving Loan Facility are used for general corporate purposes and working capital needs.

All borrowings under the Revolving Loan Facility must be repaid in full upon maturity.

Outstanding borrowings under the Term Loan A are repayable in 1.25% quarterly installments, with the remainder of the outstanding principal to be repaid at maturity.

Outstanding borrowings under the Term Loan B are repayable in 0.25% quarterly installments, with the remainder of the outstanding principal to be repaid at maturity. If the Term Loan B is repriced or refinanced on or prior to the six month anniversary of its funding and as a result of such repricing or refinancing the effective interest rate of the Term Loan B decreases, the Company shall be required to pay a prepayment fee equal to 1.0% of the aggregate principal amount of the Term Loan B subject to such repricing or refinancing.

A portion of the Revolving Loan Facility is available for the issuances of letters of credit and the making of swingline loans, and any such issuance of letters of credit or making of a swingline loan will reduce the amount available under the Revolving Loan Facility. At the Company’s option, it may add one or more term loan facilities or increase the commitments under the Revolving Loan Facility so long as certain conditions are satisfied, including, among others, that no default or event of default is in existence, that the Company is in pro forma compliance with the financial covenants described below and that the Company’s senior secured leverage ratio is less than 3.50 to 1 on a pro forma basis after giving effect to the incurrence of such indebtedness. As of December 30, 2017, the Company had $4,518 of standby and trade letters of credit issued and outstanding under the Revolving Loan Facility and $995,482 of borrowing availability.

The Senior Secured Credit Facility is guaranteed by substantially all of the Company’s existing and future direct and indirect U.S. subsidiaries, with certain customary or agreed-upon exceptions for foreign subsidiaries and certain other subsidiaries. The Company and each of the guarantors under the Senior Secured Credit Facility have granted the lenders under the Senior Secured Credit Facility a valid and perfected first priority (subject to certain customary exceptions) lien and security interest in the following:


•	the equity interests of substantially all of the Company’s direct and indirect U.S. subsidiaries (other than U.S. subsidiaries directly or indirectly owned by foreign subsidiaries) and 65% of the voting securities of certain first tier foreign subsidiaries; and


•	substantially all present and future property and assets, real and personal, tangible and intangible, of the Company and each guarantor, except for certain enumerated interests, and all proceeds and products of such property and assets.

The Term Loan A and the Term Loan B require the Company and its subsidiary MFB International Holdings, as applicable, to prepay any outstanding term loans in connection with (i) the incurrence of certain indebtedness and (ii) non-ordinary course asset sales or other dispositions (including as a result of casualty or condemnation) that exceed certain thresholds in any period of twelve-consecutive months, with customary reinvestment provisions. The Term Loan B also requires the Company and MFB International Holdings, as applicable, to prepay any outstanding term loans under the Term Loan B in connection with excess cash flow, which percentage will be based upon the Company’s leverage ratio during the relevant fiscal period. All such prepayments will be made on a pro rata basis under each of the applicable term loans that are subject to such prepayments.

Borrowings under the Revolving Loan Facility, the Term Loan A and the Term Loan B bear interest based on the LIBOR rate or the “base rate” plus, in each case, an applicable margin. The applicable margin for the Revolving Loan Facility and the Term Loan A is determined by reference to a leverage-based pricing grid set forth in the Senior Secured Credit Facility, ranging from a maximum of 2.00% in the case of LIBOR-based loans and 1.00% in the case of Base Rate loans if the Company’s leverage ratio is greater than or equal to 4.50 to 1.00, and will step down in 0.25% increments to a minimum of 1.00% in the case of LIBOR-based loans and 0.00% in the case of Base Rate loans if the Company’s leverage ratio is less than 2.25 to 1.00. The applicable margin under the Term Loan B is 1.75% in the case of LIBOR-based loans and 0.75% in the case of Base Rate loans.

The Senior Secured Credit Facility requires the Company to comply with customary affirmative, negative and financial covenants. The Senior Secured Credit Facility requires that the Company maintain a minimum interest coverage ratio and a maximum total debt to EBITDA (earnings before interest, income taxes, depreciation expense and amortization, as computed pursuant to the Senior Secured Credit Facility), or leverage ratio. The interest coverage ratio covenant requires that the ratio of the Company’s EBITDA for the preceding four fiscal quarters to its consolidated total interest expense for such period shall not be less than 3.00 to 1.00 for each fiscal quarter. The leverage ratio covenant requires that the ratio of the Company’s total debt to EBITDA for the preceding four fiscal quarters will not be more than 4.50 to 1.00 for each fiscal quarter provided that, following a permitted acquisition in which the consideration is at least $200,000, such maximum leverage ratio covenant shall be increased to 5.00 to 1.00 for each fiscal quarter ending in the succeeding 12-month period following such permitted acquisition. The method of calculating all of the components used in the covenants is included in the Senior Secured Credit Facility.

In addition, the commitment fee for the unused portion of revolving loan commitments made by the lenders is between 25 and 40 basis points based on the applicable commitment fee margin in effect from time to time. When the leverage ratio (as defined in the Senior Secured Credit Facility) is greater than or equal to 4.50 to 1.00, the commitment fee margin is 0.400%. When the leverage ratio is less than 4.50 to 1.00 but greater than or equal to 3.00 to 1.00, the applicable commitment fee margin is 0.300%. When the leverage ratio is less than 3.00 to 1.00, the applicable commitment fee margin is 0.250%.

The Senior Secured Credit Facility contains customary events of default, including nonpayment of principal when due; nonpayment of interest, fees or other amounts after stated grace period; material inaccuracy of representations and warranties; violations of covenants; certain bankruptcies and liquidations; any cross-default to material indebtedness; certain material judgments; certain events related to the ERISA, actual or asserted invalidity of any guarantee, security document or subordination provision or non-perfection of security interest, and a change in control (as defined in the Senior Secured Credit Facility). As of December 30, 2017 the Company was in compliance with all financial covenants.

Senior Notes Refinancing

In 2016, the Company refinanced its debt structure which reduced interest rates, increased borrowing capacity, increased the proportion of fixed rate debt and helped fund the acquisitions of Champion Europe and Hanes Australasia. The refinancing: (i) issued $900,000 aggregate principal amount of the 4.875% Senior Notes due 2026, $900,000 aggregate principal amount of the 4.625% Senior Notes due 2024, and €500,000 aggregate principal amount of the 3.5% Senior Notes due 2024; (ii) redeemed in full the Company’s 6.375% Senior Notes due 2020; and (iii) repaid a portion of the indebtedness outstanding under the Revolving Loan Facility.

The refinancing activity resulted in the incurrence of $39,523 in capitalized debt issuance costs for the new Senior Notes. Debt issuance costs are amortized to interest expense over the respective lives of the debt instruments, which range from eight to 10 years years.

4.875% Senior Notes and 4.625% Senior Notes

On May 6, 2016, the Company issued $900,000 aggregate principal amount of 4.875% Senior Notes and $900,000 aggregate principal amount of 4.625% Senior Notes (collectively, the “USD Senior Notes”), with interest payable on May 15 and November 15 of each year. The 4.875% Senior Notes will mature on May 15, 2026 and the 4.625% Senior Notes will mature on May 15, 2024. The sale of the USD Senior Notes resulted in collective net proceeds from the sale of approximately $1,773,000, which were used to repay all outstanding borrowings under the 6.375% Senior Notes and reduce the outstanding borrowings under the Revolving Loan Facility.

On or after February 15, 2026, in the case of the 4.875% Senior Notes, and February 15, 2024, in the case of the 4.625% Senior Notes, the Company may redeem all or a portion of such notes at a price equal to 100% of the principal amount, plus any accrued and unpaid interest.

The USD Senior Notes are senior unsecured obligations of the Company and are fully and unconditionally guaranteed, subject to certain exceptions, by substantially all of the Company’s current domestic subsidiaries. The indenture governing the USD Senior Notes limits the ability of the Company and its subsidiaries to incur liens, enter into certain sale and leaseback transactions and consolidate, merge or sell all or substantially all of their assets. The indenture also contains customary events of default which include (subject in certain cases to customary grace and cure periods), among others, nonpayment of principal or interest; breach of other agreements in such indenture; failure to pay certain other indebtedness; failure to pay certain final judgments; failure of certain guarantees to be enforceable; and certain events of bankruptcy or insolvency.

The USD Senior Notes were issued in a transaction exempt from registration under the Securities Act and do not require disclosure of separate financial information for the guarantor subsidiaries.

3.5% Senior Notes

On June 3, 2016, the Company issued €500,000 aggregate principal amount of 3.5% Senior Notes, with interest payable on June 15 and December 15 of each year. The Notes will mature on June 15, 2024. The sale of the notes resulted in net proceeds of approximately €492,500, which were used to help fund the acquisition of Champion Europe and Hanes Australasia.

On or after March 15, 2024, the Company may redeem all or a portion of the 3.5% Senior Notes at a price equal to 100% of the principal amount, plus any accrued and unpaid interest. The Company may also redeem all, but not less than all, of the notes upon the occurrence of certain changes in applicable tax law.

The 3.5% Senior Notes are senior unsecured obligations of the Company and are fully and unconditionally guaranteed, subject to certain exceptions, by the Company and certain of its subsidiaries that guarantee the Company’s Euro Term Loan facility, which was paid in full in August 2016, under the Company’s Senior Secured Credit Facility. The indenture governing the 3.5% Senior Notes limits the ability of the Company and each of the guarantors of the Notes (including the Company) to incur certain liens, enter into certain sale and leaseback transactions and consolidate, merge or sell all or substantially all of their assets. The indenture also contains customary events of default which include (subject in certain cases to customary grace and cure periods), among others, nonpayment of principal or interest; breach of other agreements in the indenture; failure to pay certain other indebtedness; certain events of bankruptcy, insolvency or reorganization; failure to pay certain final judgments; and failure of certain guarantees to be enforceable.

The 3.5% Senior Notes were issued in a transaction exempt from registration under the Securities Act and do not require disclosure of separate financial information for the guarantor subsidiaries.

Accounts Receivable Securitization Facility

The Accounts Receivable Securitization Facility provides for up to $275,000 in funding accounted for as a secured borrowing, limited to the availability of eligible receivables, and is secured by certain domestic trade receivables. Under the terms of the Accounts Receivable Securitization Facility, the Company and certain of its subsidiaries sell, on a revolving basis, certain domestic trade receivables to HBI Receivables LLC (“Receivables LLC”), a wholly owned bankruptcy-remote subsidiary that in turn uses the trade receivables to secure the borrowings, which are funded through conduits and financial institutions that are not affiliated with the Company. The commitments of any conduits party to the Accounts Receivable Securitization Facility are funded through the issuance of commercial paper in the short-term market or through committed bank purchasers if the conduits fail to fund. The assets and liabilities of Receivables LLC are fully reflected on the Consolidated Balance Sheet, and the securitization is treated as a secured borrowing for accounting purposes, but the assets of Receivables LLC will be used first to satisfy the creditors of Receivables LLC, not the Company’s creditors. The borrowings under the Accounts Receivable Securitization Facility remain outstanding throughout the term of the agreement subject to the Company maintaining sufficient eligible receivables, by continuing to sell trade receivables to Receivables LLC, unless an event of default occurs. In March 2017, the Company amended the Accounts Receivable Securitization Facility primarily to extend the termination date to March 2018.

Availability of funding under the Accounts Receivable Securitization Facility depends primarily upon the eligible outstanding receivables balance. The outstanding balance under the Accounts Receivable Securitization Facility is reported on the Consolidated Balance Sheet in the line “Accounts Receivable Securitization Facility.” In the case of any creditors party to the Accounts Receivable Securitization Facility that are conduits, unless the conduits fail to fund, the yield on the commercial paper, which is the conduits’ cost to issue the commercial paper plus certain dealer fees, is considered a financing cost and is included in interest expense on the Consolidated Statement of Income. If the conduits fail to fund, the Accounts Receivable Securitization Facility would be funded through committed bank purchasers, and the interest rate would be payable at the Company’s option at the rate announced from time to time by HSBC Bank USA, N.A. as its prime rate or at the LIBO Rate (as defined in the Accounts Receivable Securitization Facility) plus the applicable margin in effect from time to time. In the case of borrowings from any other creditors party to the Accounts Receivable Securitization Facility that are not conduits or their related committed bank purchasers, the interest rate is payable at the LIBO Rate (as defined in the Accounts Receivable Securitization Facility) or, if this rate is unavailable or otherwise does not accurately reflect the costs to these creditors related to the borrowings, the prime rate. These amounts are also considered financing costs and are included in interest expense on the Consolidated Statement of Income. In addition, HBI Receivables LLC is required to make certain payments to a conduit purchaser, a committed purchaser, or certain entities that provide funding to or are affiliated with them, in the event that assets and liabilities of a conduit purchaser are consolidated for financial and/or regulatory accounting purposes with certain other entities.

The Accounts Receivable Securitization Facility contains customary events of default and requires the Company to maintain the same interest coverage ratio and leverage ratio contained from time to time in the Senior Secured Credit Facility, provided that any changes to such covenants will only be applicable for purposes of the Accounts Receivable Securitization Facility if approved by the Managing Agents or their affiliates. As of December 30, 2017, the Company was in compliance with all financial covenants.

The total amount of receivables used as collateral for the credit facility was $413,046 at December 30, 2017 and is reported on the Company’s Consolidated Balance Sheet in “Trade accounts receivable, net.”

Australian Term A-1, Australian Term A-2, and Australian Revolver

On July 4, 2016, the Company established a floating rate AUD$200,000 Australian Term A-1 Loan Facility (the “Australian Term A-1”) with interest payable every three or six months. The Australian Term A-1 matures on July 7, 2019. In addition, on July 4, 2016 the Company established a floating rate AUD$200,000 Australian Term A-2 Loan Facility (the “Australian Term A-2”) with interest payable every three or six months. The Australian Term A-2 loan was paid off in November 2017. On July 15, 2016 the Company established the Australian Revolving Facility (the “Australian Revolver”) in the amount of AUD$65,000 with interest payable at a variable rate. The Australian Revolver will mature on July 15, 2021. The Australian Term A-1, Australian Term A-2 and Australian Revolver interest rates are based on the Bank Bill Swap Bid Rate (“BBSY”) plus an applicable margin which is driven by the Company’s debt rating.

The Australian Term A-1 and the Australian Term A-2 were issued to help fund the Hanes Australasia acquisition while the Revolver will be utilized for future working capital requirements. The Australian Term A-1, Australian Term A-2, and Australian Revolver were established under the Company’s Syndicated Facility, a joinder to the Company’s Senior Secured Credit Facility.

The Syndicated Facility Agreement requires the Company to prepay any outstanding Term Loans in connection with (i) the incurrence of certain indebtedness and (ii) non-ordinary course asset sales or other dispositions (including as a result of casualty or condemnation) that exceed certain thresholds in any period of twelve consecutive months, with customary reinvestment provisions. The Syndicated Facility Agreement also requires the Company, and certain of its subsidiary guarantors, as applicable, to prepay any outstanding Term Loans in connection with excess cash flow, which amount will be based upon the Company’s leverage ratio during the relevant fiscal period. All such prepayments will be made on a pro rata basis under each of the applicable Term Loan Facilities that are subject to such prepayments.

Under the terms of the Syndicated Facility Agreement, the leverage ratio covenant requires that the ratio of the Company’s total debt to EBITDA for the preceding four fiscal quarters will not be more than 4.50:1.00 for each fiscal quarter provided that, following a permitted acquisition in which the consideration is at least $200,000, such maximum leverage ratio covenant shall be increased to 5.00:1.00 for each fiscal quarter in the succeeding 12-month period following such permitted acquisition.

There was not a balance or letters of credit issued and outstanding under the Australian Revolving Loan Facility at December 30, 2017, and the Company had $50,497 of borrowing availability.

European Revolving Loan Facility

On September 9, 2016, the Company established a €100,000 European Revolving Loan Facility. Proceeds from the European Revolving Loan Facility were used to refinance existing debt for Hanes Europe Innerwear and will be used for future working capital requirements. The maturity date of the European Revolving Loan Facility is September 6, 2018.

The Company may from time to time voluntarily prepay the European Revolving Loan Facility in whole or in part without a premium or penalty provided that among other items, principal payments be made in amounts of €5,000 or in whole multiple of €1,000 in excess thereof. Any prepayment of principal shall be accompanied by all accrued interest on the amount prepaid.

Interest under the European Revolving Credit Facility is calculated using LIBOR for Euro with a zero floor plus a 150 basis point margin. Interest is based on the outstanding principal amount for each interest period from the applicable borrowing date at a rate per annum equal to the Eurocurrency Rate for such interest period plus the applicable rate.

In September 2017, the Company amended the European Revolving Loan Facility primarily to extend the maturity date to September 2018.

At December 30, 2017, the Company had $37,339 of borrowing availability, taking into account the outstanding balance at the end of the year.

Future Principal Payments

Future principal payments for all of the facilities described above are as follows: $249,589 due in 2018, $179,029 due in 2019, $42,500 due in 2020, $42,500 due in 2021, $605,000 due in 2022 and $2,874,649 due in 2023 and thereafter.

Debt Issuance Costs

During 2017, 2016 and 2015, the Company incurred $9,130, $45,065 and $12,793, respectively, in capitalized debt issuance costs in connection with the amendments to the Senior Secured Credit Facility, the Accounts Receivable Securitization Facility, issuance of new Senior Notes, the Australian Revolving Loan Facility, the Australian Accounts Receivable Securitization Facility and the European Revolving Loan Facility. Debt issuance costs are amortized to interest expense over the respective lives of the debt instruments, which range from one to 10 years. As of December 30, 2017, the net carrying value of unamortized debt issuance costs for the revolving loan facilities, which is included in “Other Noncurrent Assets” in the Consolidated Balance Sheet, was $10,575 and the net carrying value of unamortized debt issuance costs for the remainder of the Company’s debt, is included in “Long-term debt” in the Consolidated Balance Sheet was $41,624. The Company’s debt issuance cost amortization was $10,394, $9,034 and $7,077 in 2017, 2016 and 2015, respectively.

The Company recognizes charges in the “Other expenses” line of the Consolidated Statements of Income for fees incurred in financing transactions such as refinancing, amendments and write-offs incurred in the early extinguishment of debt. In 2017, the Company recognized charges of $380 for acceleration of unamortized debt costs related to the Euro Term Loan, $1,909 for the Australian Term Loans, and $1,739 for the Refinancing of the US Term Loans. In 2016, the Company recognized charges of $873 for acceleration of unamortized debt costs related to the Euro Term Loan, which was paid in full in August 2016. In 2016, the Company recognized charges of $47,291 for the call premium and acceleration of unamortized debt costs related to the redemption of the 6.375% Senior Notes.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 30, 2017
Text Block [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is a party to various pending legal proceedings, claims and environmental actions by government agencies. In accordance with the accounting rules for contingencies, the Company records a provision with respect to a claim, suit, investigation or proceeding when it is probable that a liability has been incurred and the amount of the loss can reasonably be estimated. Any provisions are reviewed at least quarterly and are adjusted to reflect the impact and status of settlements, rulings, advice of counsel and other information pertinent to the particular matter. The recorded liabilities for these items were not material to the consolidated financial statements of the Company in any of the years presented. Although the outcome of such items cannot be determined with certainty, the Company’s legal counsel and management are of the opinion that the final outcome of these matters will not have a material adverse impact on the consolidated financial position, results of operations or liquidity. Purchase Commitments In the ordinary course of business, the Company has entered into purchase commitments for raw materials, production and finished goods. These agreements, typically with terms ending within a year, require total payments of $418,038 in 2018, $3,318 in 2019 and none thereafter. Operating Leases The Company leases certain buildings and equipment under agreements that are classified as operating leases. Rental expense under operating leases was $184,603, $132,128 and $103,621 in 2017, 2016 and 2015, respectively. Future minimum lease payments under noncancelable operating leases (with initial or remaining lease terms in excess of one year) are as follows: $137,959 in 2018, $114,326 in 2019, $97,850 in 2020, $81,390 in 2021, $65,608 in 2022 and $125,163 thereafter. License Agreements The Company is party to several royalty-bearing license agreements for the use of third party trademarks in certain of their products. The license agreements typically require a minimum guarantee to be paid either at the commencement of the agreement, by a designated date during the term of the agreement or by the end of the agreement period. When payments are made in advance of when they are due, the Company records a prepayment and amortizes the expense in the “Cost of sales” line of the Consolidated Statements of Income uniformly over the guaranteed period. For guarantees required to be paid at the completion of the agreement, royalties are expensed through “Cost of sales” as the related sales are made. Management has reviewed all license agreements and has concluded that there are no liabilities recorded at inception of the agreements. During 2017, 2016 and 2015, the Company incurred royalty expense of approximately $100,869, $95,650 and $84,733, respectively. Minimum amounts due under the license agreements are approximately $45,086 in 2018, $60,688 in 2019, $50,160 in 2020, $7,289 in 2021, $6,844 in 2022 and $27,596 thereafter.

Intangible Assets and Goodwill

12 Months Ended

Dec. 30, 2017

Intangible Assets and Goodwill

As described in Note, “Acquisitions,” the Company acquired Alternative Apparel in October 2017, Hanes Australasia in July 2016, Champion Europe in June 2016 and GTM and Universo in September 2016, which resulted in the recognition of certain intangible assets and goodwill. In addition, during 2017, the Company elected to assign a useful life of 12 years to both the Knights Apparel and ProEdge brands and related trademarks, shifting them from indefinite lived intangible assets. As a result, beginning on January 1, 2017, the Company began amortizing these trademarks. Also, the Company elected to cease amortization of the Playtex Domestic trademark, shifting it from a useful life of 30 years to an indefinite life in 2016.

(a) Intangible Assets

The primary components of the Company’s intangible assets and the related accumulated amortization are as follows:



	Gross		Accumulated Amortization		Net Book Value
Year ended December 30, 2017:
Intangible assets subject to amortization:
Trademarks and brand names	$	35,498	$	24,694	$	10,804
Licensing agreements	103,366		42,218		61,148
Customer and distributor relationships	172,820		42,010		130,810
Computer software	116,273		83,390		32,883
Other intangibles	2,131		397		1,734
	$	430,088	$	192,709	237,379
Intangible assets not subject to amortization:
Trademarks					1,089,742
Perpetual licensing agreements and other					75,736
Net book value of intangible assets					$	1,402,857



	Gross			Accumulated Amortization			Net Book Value
Year ended December 31, 2016:
Intangible assets subject to amortization:
Trademarks and brand names	$	28,617		$	28,607		$	10
Licensing agreements	102,069			33,397			68,672
Customer and distributor relationships	156,340			26,153			130,187
Computer software	88,213			68,318			19,895
Other intangibles	(1,498		)	(994		)	(504		)
	$	373,741		$	155,481		218,260
Intangible assets not subject to amortization:
Trademarks							999,170
Perpetual licensing agreements							68,028
Net book value of intangible assets							$	1,285,458

The amortization expense for intangible assets subject to amortization was $34,892, $22,118 and $23,737 for 2017, 2016 and 2015, respectively. The estimated amortization expense for the next five years, assuming no change in the estimated useful lives of identifiable intangible assets or changes in foreign exchange rates is as follows: $32,096 in 2018, $32,811 in 2019, $30,465 in 2020, $27,087 in 2021 and $25,583 in 2022.

(b) Goodwill

Goodwill and the changes in those amounts during the period are as follows:



	Innerwear			Activewear		International			Other		Total
Net book value at January 2, 2016	$	431,561		$	289,153	$	110,377		$	3,224	$	834,315
Acquisition of businesses	—			2,290		285,236			—		287,526
Currency translation	—			—		(23,301		)	—		(23,301		)

Net book value at December 31, 2016	$	431,561		$	291,443	$	372,312		$	3,224	$	1,098,540
Acquisition of businesses	—			25,248		3,351			—		28,599
Segment change	(24,708		)	259		—			24,449		—
Currency translation	—			—		39,868			—		39,868

Net book value at December 30, 2017	$	406,853		$	316,950	$	415,531		$	27,673	$	1,167,007

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 30, 2017

Accumulated Other Comprehensive Loss

The components of AOCI are as follows:



	Cumulative Translation Adjustment			Hedges			Defined Benefit Plans			Income Taxes			Accumulated Other Comprehensive Loss
	Cumulative Translation Adjustment			Hedges			Defined Benefit Plans			Income Taxes			Accumulated Other Comprehensive Loss
Balance at January 2, 2016	$	(57,675	)	$	6,743		$	(563,759	)	$	219,758		$	(394,933	)
Amounts reclassified from accumulated other comprehensive loss	—			(3,966		)	17,116			(5,030		)	8,120
Current-period other comprehensive income (loss) activity	(20,384		)	10,995			(59,940		)	20,151			(49,178		)

Balance at December 31, 2016	$	(78,059	)	$	13,772		$	(606,583	)	$	234,879		$	(435,991	)
Amounts reclassified from accumulated other comprehensive loss	—			(1,825		)	19,062			(7,095		)	10,142
Current-period other comprehensive income (loss) activity	34,554			(37,408		)	(26,479		)	15,976			(13,357		)

Balance at December 30, 2017	$	(43,505	)	$	(25,461	)	$	(614,000	)	$	243,760		$	(439,206	)

The Company had the following reclassifications out of AOCI:



Component of AOCI	Location of Reclassification into Income	Amount of Reclassification from AOCI
Component of AOCI	Location of Reclassification into Income	December 30, 2017			December 31, 2016			January 2, 2016
Loss on foreign exchange contracts	Cost of sales	$	(1,825	)	$	(3,966	)	$	(11,968	)
	Income tax	225			1,543			4,655
	Net of tax	$	(1,600	)	$	(2,423	)	$	(7,313	)

Amortization of deferred actuarial loss and prior service cost	Selling, general and administrative expenses	$	19,062		$	17,116		$	14,573
	Income tax	(7,320		)	(6,573		)	(5,669		)
	Net of tax	$	11,742		$	10,543		$	8,904

Total reclassifications		$	10,142		$	8,120		$	1,591

Financial Instruments and Risk Management

12 Months Ended

Dec. 30, 2017

Financial Instruments and Risk Management

The Company uses forward foreign exchange contracts to manage its exposures to movements in foreign exchange rates. As of December 30, 2017, the notional U.S. dollar equivalent of commitments to sell foreign currencies within the Company’s derivative portfolio were $584,582, consisting of contracts hedging exposures primarily related to the Australian dollar, Euro, Canadian dollar, Mexican peso, and the New Zealand dollar. As of December 30, 2017, the Company did not have any commitments to purchase foreign currencies within the Company’s derivative portfolio.

As of December 31, 2016, the notional U.S. dollar equivalent of commitments to sell foreign currencies within the Company’s derivative portfolio were $451,355 consisting of contracts hedging exposures primarily related to the Euro, Australian dollar, Canadian dollar, Mexican peso, New Zealand dollar and Brazilian real. As of December 31, 2016, the Company did not have any commitments to purchase foreign currencies within the Company’s derivative portfolio.

Fair Values of Derivative Instruments

The fair values of derivative financial instruments related to forward foreign exchange contracts recognized in the Consolidated Balance Sheets of the Company were as follows:



		Fair Value
	Balance Sheet Location	December 30, 2017			December 31, 2016
Hedges	Other current assets	$	1,464		$	16,729
Non-hedges	Other current assets	136			4,363
Total derivative assets		$	1,600		$	21,092

Hedges	Accrued liabilities	$	(14,750	)	$	(207	)
Non-hedges	Accrued liabilities	(7,818		)	(172		)
Total derivative liabilities		$	(22,568	)	$	(379	)

Net derivative asset (liability)		$	(20,968	)	$	20,713

Cash Flow Hedges

The Company uses forward foreign exchange contracts to reduce the effect of fluctuating foreign currencies on short-term foreign currency-denominated transactions, foreign currency-denominated investments, and other known foreign currency exposures. Gains and losses on these contracts are intended to offset losses and gains on the hedged transaction in an effort to reduce the earnings volatility resulting from fluctuating foreign currency exchange rates.

The Company expects to reclassify into earnings during the next 12 months a net loss from AOCI of approximately $16,933.

The changes in fair value of derivatives excluded from the Company’s effectiveness assessments and the ineffective portion of the changes in the fair value of derivatives used as cash flow hedges are reported in the “Selling, general and administrative expenses” line in the Consolidated Statements of Income.

The effect of cash flow hedge derivative instruments on the Consolidated Statements of Income and Accumulated Other Comprehensive Loss is as follows:



	Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Loss (Effective Portion) Year Ended
	December 30, 2017			December 31, 2016		January 2, 2016
Foreign exchange contracts	$	(37,408	)	$	10,995	$	13,423



	Location of Gain Reclassified from Accumulated Other Comprehensive Income (Loss) into Income (Effective Portion)	Amount of Gain Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) Year Ended
		December 30, 2017		December 31, 2016		January 2, 2016
Foreign exchange contracts	Cost of sales	$	1,825	$	3,966	$	11,968

Derivative Contracts Not Designated As Hedges

The Company uses foreign exchange derivative contracts as economic hedges against the impact of foreign exchange fluctuations on anticipated intercompany purchase and lending transactions denominated in foreign currencies. Gains or losses on these contracts largely offset the net remeasurement gains or losses on the related assets and liabilities.

The effect of derivative contracts not designated as hedges on the Consolidated Statements of Income is as follows:



	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Gain (Loss) Recognized in Income Year Ended
	Location of Gain (Loss) Recognized in Income on Derivatives	December 30, 2017		December 31, 2016		January 2, 2016
Foreign exchange contracts	Selling, general and administrative expenses	$	114	$	12,222	$	(9,271	)

Fair Value of Assets and Liabilities

12 Months Ended

Dec. 30, 2017

Fair Value of Assets and Liabilities

Fair value is an exit price, representing the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability. A three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value, is utilized for disclosing the fair value of the Company’s assets and liabilities. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs about which little or no market data exists, therefore requiring an entity to develop its own assumptions.

Assets and liabilities measured at fair value are based on one or more of the following three valuation techniques:


•	Market approach — prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.


•	Cost approach — amount that would be required to replace the service capacity of an asset or replacement cost.


•	Income approach — techniques to convert future amounts to a single present amount based on market expectations, including present value techniques, option-pricing and other models.

The Company primarily applies the market approach for commodity derivatives and for all defined benefit plan investment assets and the income approach for interest rate and foreign currency derivatives for recurring fair value measurements and attempts to utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The determination of fair values incorporates various factors that include not only the credit standing of the counterparties involved and the impact of credit enhancements, but also the impact of the Company’s nonperformance risk on its liabilities. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels.

As of December 30, 2017 and December 31, 2016, the Company held certain financial assets and liabilities that are required to be measured at fair value on a recurring basis. These consisted of the Company’s derivative instruments related to foreign exchange rates, defined benefit pension plan investment assets, deferred compensation plan liabilities and contingent consideration resulting from the Champion Europe acquisition. The fair values of foreign exchange rate derivatives are determined using the cash flows of the foreign exchange contract, discount rates to account for the passage of time and current foreign exchange market data which are all based on inputs readily available in public markets and are categorized as Level 2. The fair value of deferred compensation plans is based on readily available current market data and is categorized as Level 2. The fair value of the contingent consideration obligation was determined by applying a multiple of 10 times Champion Europe’s EBITDA for calendar year 2016 in excess of €18,600, as defined per the purchase agreement, as further described in Note, “Acquisitions,” to the Company’s consolidated financial statements, and was formerly categorized as Level 3 at December 31, 2016. On April 28, 2017, an initial payment of €37,820 ($41,250) was made to the sellers towards the contingent consideration liability, which represented the mutually agreed portion of the contingent consideration at said date. Upon final settlement negotiations in January 2018, management has accrued €26,430 ($31,419) at December 30, 2017 to reflect the fair value of the contingent consideration to be paid in 2018. The Company no longer has to measure the contingent consideration liability fair value on a recurring basis and has removed the liability from the fair value hierarchy table at December 30, 2017. The fair values of defined benefit pension plan investments include: certain U.S. equity securities, certain foreign equity securities, cash and cash equivalents and debt securities that are determined based on quoted prices in public markets categorized as Level 1; insurance contracts that are determined based on inputs readily available in public markets or can be derived from information available in publicly quoted markets categorized as Level 2; certain U.S. equity securities, certain foreign equity securities, debt securities, insurance contracts and commodity investments measured at their net asset value, which is determined based on inputs readily available in public markets; and investments in hedge funds of funds and real estate investments that are based on unobservable inputs about which little or no market data exists and are measured at a net asset value. Assets valued utilizing a net asset value are not required to be classified within the fair value hierarchy. There were no changes during 2017 to the Company’s valuation techniques used to measure asset and liability fair values on a recurring basis.

As of December 30, 2017, the Company did not have any non-financial assets or liabilities that are required to be measured at fair value on a recurring basis.

The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities accounted for at fair value on a recurring basis.



				Assets (Liabilities) at Fair Value as of December 30, 2017
	Total			Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Defined benefit pension plan investment assets:
U.S. equity securities	$	172,558		$	172,558	$	—		$	—
Foreign equity securities	40,920			40,920		—			—
Debt securities	52,331			52,331		—			—
Cash and other	2,595			2,595		—			—
Insurance contracts	2,194			—		2,194			—
Total plan assets in the fair value hierarchy	270,598			268,404		2,194			—
Plan assets measured at net asset value:⁽¹⁾
Hedge fund of funds	328,511
Foreign equity securities	109,525
Debt securities	102,531
Real estate	42,996
Commodities	18,525
Total plan assets measured at net asset value	602,088
Total plan assets	872,686

Derivative contracts:
Foreign exchange derivative contracts	1,600			—		1,600			—
Foreign exchange derivative contracts	(22,568		)	—		(22,568		)	—
	(20,968		)	—		(20,968		)	—

Deferred compensation plan liability	(52,758		)	—		(52,758		)	—

Total	$	798,960		$	268,404	$	(71,532	)	$	—


(1)	Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the tables above are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheets.



				Assets (Liabilities) at Fair Value as of December 31, 2016
	Total			Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Defined benefit pension plan investment assets:
U.S. equity securities	$	147,702		$	147,702	$	—		$	—
Foreign equity securities	33,511			33,511		—			—
Debt securities	49,128			49,128		—			—
Cash and other	2,234			2,234		—			—
Insurance contracts	3,334			—		3,334			—
Total plan assets in the fair value hierarchy	235,909			232,575		3,334			—
Plan assets measured at net asset value:⁽¹⁾
Hedge fund of funds	326,298
U.S. equity securities⁽²⁾	19,848
Foreign equity securities⁽²⁾	88,933
Debt securities⁽²⁾	95,634
Real estate	42,869
Commodities⁽²⁾	17,678
Total plan assets measured at net asset value	591,260
Total plan assets	827,169

Derivative contracts:
Foreign exchange derivative contracts	21,092			—		21,092			—
Foreign exchange derivative contracts	(379		)	—		(379		)	—
	20,713			—		20,713			—

Champion Europe contingent consideration ⁽³⁾	(42,378		)	—		—			(42,378		)
Deferred compensation plan liability	(51,868		)	—		(51,868		)	—

Total	$	753,636		$	232,575	$	(27,821	)	$	(42,378	)


(1)	Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the tables above are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheets.

(2)

The Company’s presentation of fair value hierarchy table has been revised to remove certain defined benefit pension plan assets from the fair value hierarchy to reflect the use of the net asset value as a practical expedient to value these assets in order to conform with ASU 2015-07, “Fair Value Measurement (Topic 820).” This change is not material to the consolidated financial statements and does not have an impact on the Company’s financial condition, results of operations or cash flows.


(3)	The fair value of the Champion Europe contingent consideration had not changed since the date of acquisition, other than from the foreign exchange translation impact between periods.

Fair Value of Financial Instruments

The carrying amounts of cash and cash equivalents, trade accounts receivable, notes receivable and accounts payable approximated fair value as of December 30, 2017 and December 31, 2016. The fair value of debt, which is classified as a Level 2 liability, was $4,093,229 and $3,729,270 as of December 30, 2017 and December 31, 2016 and had a carrying value of $3,993,267 and $3,732,583, respectively. The fair values were estimated using quoted market prices as provided in secondary markets, which consider the Company’s credit risk and market related conditions. The carrying amounts of the Company’s notes payable, which is classified as a Level 2 liability, approximated fair value as of December 30, 2017 and December 31, 2016, primarily due to the short-term nature of these instruments.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Defined Benefit Pension Plans

12 Months Ended

Dec. 30, 2017

Defined Benefit Pension Plans

At December 30, 2017, the Company’s pension plans consisted of the Hanesbrands Inc. Pension Plan, various nonqualified retirement plans and international plans, which include certain defined benefit plans acquired in connection with the purchases of Hanes Europe Innerwear and Hanes Australasia. Benefits under the Hanesbrands Inc. Pension Plan were frozen effective December 31, 2005.

The components of net periodic benefit cost and other amounts recognized in other comprehensive income of the Company’s noncontributory defined benefit pension plans were as follows:



	Years Ended
	December 30, 2017			December 31, 2016			January 2, 2016
Service cost	$	2,216		$	1,856		$	2,478
Interest cost	40,830			42,061			49,202
Expected return on assets	(41,780		)	(47,621		)	(55,127		)
Curtailments	154			(489		)	—
Settlement cost	23			115			25
Amortization of:
Prior service cost	9			9			22
Net actuarial loss	19,053			17,052			14,551
Net periodic benefit cost	$	20,505		$	12,983		$	11,151

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Net loss	$	15,186		$	41,921		$	3,813
Prior service credit (cost)	(380		)	(9		)	22
Total loss recognized in other comprehensive income	14,806			41,912			3,835
Total recognized in net periodic benefit cost and other comprehensive income	$	35,311		$	54,895		$	14,986

The estimated net loss and prior service cost for the defined benefit pension plans that will be amortized from AOCI into net periodic benefit cost in 2018 are $19,949 and $(6), respectively.

The funded status of the Company’s defined benefit pension plans at the respective year ends was as follows:



	December 30, 2017			December 31, 2016
Benefit obligation:
Beginning of year	$	1,197,189		$	1,172,267
Service cost	2,216			1,856
Interest cost	40,830			42,061
Plan amendment	(370		)	—
Benefits paid	(57,464		)	(56,576		)
Curtailments	187			(1,053		)
Settlements	(688		)	(2,360		)
Impact of exchange rate change	9,453			(1,976		)
Business combination	—			4,547
Actuarial loss	86,414			36,671
Other	(45		)	1,752
End of year	1,277,722			1,197,189

Fair value of plan assets:
Beginning of year	827,169			809,217
Actual return on plan assets	94,957			24,758
Employer contributions	6,376			47,203
Benefits paid	(57,464		)	(56,576		)
Settlements	(688		)	(2,360		)
Business combination	—			4,776
Impact of exchange rate change	2,381			178
Other	(45		)	(27		)
End of year	872,686			827,169
Funded status	$	(405,036	)	$	(370,020	)

As most of the Company’s pension plans are frozen, the accumulated benefit obligation (“ABO”) approximates the benefit obligation. The total benefit obligation and the benefit obligation and fair value of plan assets for the Company’s pension plans with benefit obligations in excess of plan assets are as follows:



	December 30, 2017		December 31, 2016
Benefit obligation	$	1,277,722	$	1,197,189
Plans with benefit obligation in excess of plan assets:
Benefit obligation	1,245,844		1,167,871
Fair value of plan assets	842,168		799,191

Amounts recognized in the Company’s Consolidated Balance Sheets consist of:



	December 30, 2017			December 31, 2016
Current liabilities	$	(3,663	)	$	(3,605	)
Noncurrent liabilities	(401,749		)	(366,822		)
Accumulated other comprehensive loss	(618,416		)	(603,610		)

Amounts recognized in accumulated other comprehensive loss consist of:



	December 30, 2017			December 31, 2016
Prior service cost	$	(163	)	$	216
Actuarial loss	618,579			603,394
	$	618,416		$	603,610

Accrued benefit costs related to the Company’s defined benefit pension plans are reported in the “Accrued liabilities — Payroll and employee benefits” and “Pension and postretirement benefits” lines of the Consolidated Balance Sheets.

(a) Measurement Date and Assumptions

A December 31 measurement date is used to value plan assets and obligations for the pension plans. In determining the discount rate in the prior years, the Company utilized, as a general benchmark, the single discount rate equivalent to discount the expected cash flows from each plan using the yields at each duration from a published yield curve as of the measurement date. Beginning in 2016, the Company changed the method utilized to estimate primarily the interest cost component of net periodic benefit costs for the Company’s U.S. defined benefit plans from using a single discount rate as discussed above. The Company elected to use a full yield curve approach in the estimation of the interest component of benefit costs by applying the specific spot rates along the yield curve used in the determination of the benefit obligations to the relevant projected cash flows. The Company made this change to improve the correlation between projected benefit cash flows and the corresponding yield curve spot rates and to provide a more precise measurement of interest costs. This change will not affect the measurement of the total benefit obligations as the change in interest costs is completely offset by the actuarial gain or loss reported. The expected long-term rate of return on plan assets was based on the Company’s investment policy target allocation of the asset portfolio between various asset classes and the expected real returns of each asset class over various periods of time. The weighted average actuarial assumptions used in measuring the net periodic benefit cost and plan obligations for the periods presented were as follows:



	December 30, 2017		December 31, 2016		January 2, 2016
Net periodic benefit cost:
Discount rate	4.15	%	4.43	%	4.43	%
Long-term rate of return on plan assets	5.21		5.80		5.61
Rate of compensation increase⁽¹⁾	3.84		3.51		3.51

Plan obligations:
Discount rate	3.60	%	4.15	%	4.04	%
Rate of compensation increase⁽¹⁾	4.40		3.84		3.51


(1)	The compensation increase assumption applies to the international plans and portions of the nonqualified retirement plans, as benefits under these plans were not frozen at December 30, 2017, December 31, 2016 and January 2, 2016.

(b) Plan Assets, Expected Benefit Payments, and Funding

The allocation of pension plan assets as of the respective period end measurement dates is as follows:



	December 30, 2017		December 31, 2016
Asset category:
Hedge fund of funds	38	%	39	%
U.S. equity securities	20		20
Debt securities	18		17
Foreign equity securities	17		15
Real estate	5		5
Commodities	2		2
Insurance contracts	—		1
Cash and other	—		1

The Company’s asset strategy and primary investment objective are to maximize the principal value of the plan assets to meet current and future benefit obligations to plan participants and their beneficiaries. To accomplish this goal, the assets of the plan are broadly diversified to protect against large investment losses and to reduce the likelihood of excessive volatility of returns. Diversification of assets is achieved through strategic allocations to various asset classes, as well as various investment styles within these asset classes, and by retaining multiple, third party investment management firms with complementary investment styles and philosophies to implement these allocations. The Company has established a target asset allocation based upon analysis of risk/return tradeoffs and correlations of asset mixes given long-term historical data, prospective capital market returns and forecasted liabilities of the plans. The target asset allocation approximates the actual asset allocation as of December 30, 2017. In addition to volatility protection, diversification enables the assets of the plan the best opportunity to provide adequate returns in order to meet the Company’s investment return objectives. These objectives include, over a rolling 5-year period, to achieve a total return that exceeds the required actuarial rate of return for the plan and to outperform a passive portfolio, consisting of a similar asset allocation.

The Company utilizes market data or assumptions that market participants would use in pricing the pension plan assets. At December 30, 2017, the Company had $268,404 classified as Level 1 assets, $2,194 classified as Level 2 assets and no assets classified as Level 3. At December 31, 2016, the Company had $232,575 classified as Level 1 assets, $3,334 classified as Level 2 assets and no assets classified as Level 3. The Level 1 assets consisted primarily of certain U.S. equity securities, certain foreign equity securities, certain debt securities and cash and cash equivalents. Certain foreign equity securities, debt securities, insurance contracts and commodity investments measured at their net asset value, which is determined based on inputs readily available in public markets, and investments in hedge funds of funds and real estate investments that are based on unobservable inputs about which little or no market data exists and are measured at a net asset value per share shall not be categorized within the fair value hierarchy. Refer to Note, “Fair Value of Assets and Liabilities,” for the Company’s complete disclosure of the fair value of pension plan assets.

Expected benefit payments are as follows: $62,043 in 2018, $64,066 in 2019, $65,179 in 2020, $69,600 in 2021, $70,444 in 2022 and $367,269 thereafter.

Certain of the international plans, specifically those acquired in connection with the purchases of Hanes Europe Innerwear, are in substance nonretirement postemployment benefit plans, which are future liabilities funded through future operational results of the Company. However, for purposes of consolidation, the Company is including these plans within the defined benefit reporting. At December 30, 2017 and December 31, 2016, the total amounts accrued for these plans were $52,943 and $48,330, respectively and the total expense for the years ended December 30, 2017 and December 31, 2016 was $2,778 and $1,824, respectively.

Income Taxes

12 Months Ended

Dec. 30, 2017

Income Taxes

The provision for income tax computed by applying the U.S. statutory rate to income before taxes as reconciled to the actual provisions were:



	Years Ended
	December 30, 2017		December 31, 2016		January 2, 2016
Income before income tax expense:
Domestic	(6.6	)%	(10.2	)%	5.6	%
Foreign	106.6		110.2		94.4
	100.0	%	100.0	%	100.0	%

Tax expense at U.S. statutory rate	35.0	%	35.0	%	35.0	%
State income tax	0.2		(0.7	)	1.1
Tax on remittance of foreign earnings	0.5		9.9		9.1
Tax on remittance of foreign earnings due to U.S. tax reform	67.0		N/A		N/A
Revaluation of net deferred tax assets due to U.S. tax reform	14.3		N/A		N/A
Foreign taxes less than U.S. statutory rate	(27.4	)	(38.5	)	(30.8	)
Employee benefits	(0.2	)	(0.7	)	0.4
Change in valuation allowance	0.1		1.2		2.6
Increase in unrecognized tax benefits	1.8		0.6		0.1
Release of unrecognized tax benefit reserves	(0.9	)	(0.4	)	(9.8	)
State tax rate change	0.1		0.6		2.3
Federal and state provision to return	(2.6	)	(0.7	)	(0.4	)
Other, net	0.2		(0.3	)	(0.1	)
Taxes at effective worldwide tax rates	88.1	%	6.0	%	9.5	%

The recently enacted Tax Cuts and Jobs Act (the “Tax Act”) significantly revised U.S. corporate income tax law by, among other things, reducing the corporate income tax rate to 21% and implementing a modified territorial tax system that includes a one-time transition tax on deemed repatriated earnings of foreign subsidiaries. In response to the Tax Act, the SEC issued SAB 118 which allows issuers to recognize provisional estimates of the impact of the Tax Act in their financial statements and adjust in the period in which the estimate becomes finalized, or in circumstances where estimates cannot be made, to disclose and recognize within a one year measurement period.

Implementation of the Tax Act resulted in an approximate $72,333 charge for the revaluation of the Company’s net domestic deferred tax assets and a one-time provisional transition tax charge of approximately $359,938. Other less material provisions of the Tax Act resulted in an additional provisional charge of $2,971, which include changes regarding the deductibility of employee compensation and other items. In reaching these estimates, the Company utilized all available guidance and notices issued by the U.S. Department of the Treasury. These amounts are to be considered provisional and are not currently able to be finalized given the complexity of the underlying calculations. The Company relied upon prior year legal entity financials and return filings in the estimates of the one-time transition tax. The Company will update and conclude its accounting as additional information is obtained, which in many cases is contingent on the timing of issuance of regulatory guidance.

As of December 30, 2017, the Company is in the process of evaluating the impact of the Tax Act on its permanent reinvestment assertion. With respect to accumulated earnings of foreign subsidiaries, no additional U.S. federal income taxes or foreign withholding taxes have been provided as all accumulated earnings of foreign subsidiaries are deemed to have been remitted as part of the one-time transition tax. The Company continues to evaluate its permanent reinvestment assertion in light of the Tax Act. The accounting is expected to be completed within the one-year measurement period as allowed by SAB 118.

Finally, the Company continues to analyze the impact of provisions which will be effective in future years. Relevant to the current consolidated financial statements is the Company's selection of an accounting policy with respect to the new GILTI tax rules, and whether to account for GILTI as a periodic charge in the period it arises, or to record deferred taxes associated with the basis in the Company’s foreign subsidiaries. Due to the intricacy of this topic, the Company is still in the process of investigating the implications of accounting for the GILTI tax and intends to make an accounting policy decision once additional guidance is available for assessment.

The Company has been granted income tax rates lower than statutory rates in two foreign jurisdictions through 2019. These lower rates, when compared with the countries’ statutory rates, resulted in an income tax reduction of approximately $2,800 ($0.01 per diluted share) in 2017, $1,300 (negligible impact per diluted share) in 2016 and $2,200 ($0.01 per diluted share) in 2015.

Current and deferred tax provisions (benefits) were:



	Current			Deferred			Total
Year ended December 30, 2017
Domestic	$	154,751		$	260,393		$	415,144
Foreign	10,603			(15,098		)	(4,495		)
State	68,857			(6,227		)	62,630
	$	234,211		$	239,068		$	473,279

Year ended December 31, 2016
Domestic	$	2,768		$	34,590		$	37,358
Foreign	38,257			(34,232		)	4,025
State	2,083			(9,194		)	(7,111		)
	$	43,108		$	(8,836	)	$	34,272

Year ended January 2, 2016
Domestic	$	(2,294	)	$	9,437		$	7,143
Foreign	32,067			(10,235		)	21,832
State	4,395			11,648			16,043
	$	34,168		$	10,850		$	45,018



	Years Ended
	December 30, 2017		December 31, 2016		January 2, 2016
Cash payments for income taxes	$	57,882	$	39,655	$	23,045

Cash payments above represent cash tax payments made by the Company primarily in foreign jurisdictions.

The deferred tax assets and liabilities at the respective year-ends were as follows:



	December 30, 2017			December 31, 2016
Deferred tax assets:
Nondeductible reserves	$	1,859		$	1,962
Inventories	57,857			123,507
Property and equipment	—			3,322
Bad debt allowance	7,363			6,965
Accrued expenses	14,399			20,351
Employee benefits	143,970			181,148
Tax credits	10,140			45,783
Net operating loss and other tax carryforwards	142,064			210,284
Derivatives	3,305			—
Other	17,305			20,355
Gross deferred tax assets	398,262			613,677
Less valuation allowances	(72,602		)	(67,451		)
Deferred tax assets	325,660			546,226

Deferred tax liabilities:
Property and equipment	4,455			—
Derivatives	—			5,103
Intangibles	120,033			121,674
Prepaids	3,932			5,728
Deferred tax liabilities	128,420			132,505
Net deferred tax assets	$	197,240		$	413,721

The prior year deferred balances for intangibles and net operating loss and other tax carryforwards have been revised to reflect cumulative tax amortization that should have been recorded in previous periods on certain intangibles for approximately $109,447. The impact of not amortizing the intangibles for income tax purposes was not material to previously issued consolidated financial statements.

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods which the deferred tax assets are deductible, management believes it is more likely than not the Company will realize the benefits of these deductible differences, net of the existing valuation allowances.

The changes in the Company’s valuation allowance for deferred tax assets are as follows:



January 3, 2015	$	43,757
Charge to expenses	12,224
Charged to other accounts⁽¹⁾	5,377
January 2, 2016	$	61,358
Charge to expenses	6,859
Charged to other accounts⁽¹⁾	(766		)
December 31, 2016	$	67,451
Charge to expenses	729
Charged to other accounts⁽¹⁾	4,422
December 30, 2017	$	72,602


(1)	Charges to other accounts include the effects of foreign currency translation and purchase accounting adjustments.

As of December 30, 2017, the valuation allowance for deferred tax assets was $72,602, made up of $48,862 for foreign loss carryforwards, $14,679 for other foreign deferred tax assets, $9,061 for federal and state operating loss carryforwards and other federal deferred tax assets. The net change in the total valuation allowance for 2017 was $5,151 related to an increase of $11,725 for foreign loss carryforwards and other foreign deferred tax assets and a decrease of $6,574 for federal and state operating loss carryforwards and other domestic deferred tax assets.

At December 30, 2017, the Company has total net operating loss carryforwards of approximately $324,833 for foreign jurisdictions, which will expire as follows:



Fiscal Year:
2018	$	8,671
2019	23,809
2020	4,435
2021	6,326
2022	2,676
Thereafter	278,916

At December 30, 2017, the Company had tax credit carryforwards totaling $10,140, which expire beginning after 2020.

At December 30, 2017, the Company had federal and state net operating loss carryforwards of approximately $12,810 and $916,529, respectively, which expire beginning after 2018.

In 2017 and 2016, the Company recognized a benefit related to the realization of unrecognized tax benefits resulting from the expiration of statutes of limitations of $4,227 and $4,146, respectively. Although it is not reasonably possible to estimate the amount by which unrecognized tax benefits may increase or decrease within the next 12 months due to uncertainties regarding the timing of examinations and the amount of settlements that may be paid, if any, to tax authorities, the Company currently expects a reduction of approximately $4,963 for unrecognized tax benefits accrued at December 30, 2017 within the next 12 months.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



Balance at January 2, 2016 (gross balance of $20,085)	$	19,780
Additions based on tax positions related to the current year	4,648
Additions for tax positions of prior years	106
Reductions for tax positions of prior years	(4,838		)

Balance at December 31, 2016 (gross balance of $20,688)	$	19,696
Additions based on tax positions related to the current year	7,902
Additions for tax positions of prior years	36
Reductions for tax positions of prior years	(3,602		)

Balance at December 30, 2017 (gross balance of $26,175)	$	24,032

At December 30, 2017, the balance of the Company’s unrecognized tax benefits, which would, if recognized, affect the Company’s annual effective tax rate was $24,032. The Company’s policy is to recognize interest and/or penalties related to income tax matters in income tax expense. The Company recognized $760 in 2017 for interest and penalties classified as income tax expense and $549 and $3,669, respectively in 2016 and 2015, for interest and penalties classified as income tax benefit in the Consolidated Statement of Income. At December 30, 2017 and December 31, 2016, the Company had a total of $4,011 and $3,251, respectively, of interest and penalties accrued related to unrecognized tax benefits.

The Company files a consolidated U.S. federal income tax return, as well as separate and combined income tax returns in numerous state and foreign jurisdictions. In the United States, the Internal Revenue Service (“IRS”) began an examination of the Company’s 2011 tax year during the fourth quarter of 2013 and of the Company’s 2012 tax year during the third quarter of 2014, both of which were completed during the third quarter of 2015. As a result in 2015, the Company recorded an income tax benefit of $56,427 due to the remeasurement of certain unrecognized tax benefits. During the fourth quarter of 2017, the Company was notified by the IRS that they would begin examining the 2015 tax year. The Company is also subject to examination by various state and international tax authorities. The tax years subject to examination vary by jurisdiction. The Company regularly assesses the outcomes of both ongoing and future examinations for the current or prior years to ensure the Company’s provision for income taxes is sufficient. The Company recognizes liabilities based on estimates of whether additional taxes will be due and believes its reserves are adequate in relation to any potential assessments. The outcome of any one examination, some of which may conclude during the next 12 months, is not expected to have a material impact on the Company’s financial position or results of operations.

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Dec. 30, 2017
Text Block [Abstract]
Stockholders' Equity	Stockholders’ Equity The Company is authorized to issue up to 2,000,000 shares of common stock, par value $0.01 per share, and up to 50,000 shares of preferred stock, par value $0.01 per share, and the Company’s Board of Directors may, without stockholder approval, increase or decrease the aggregate number of shares of stock or the number of shares of stock of any class or series that the Company is authorized to issue. At December 30, 2017 and December 31, 2016, 360,126 and 378,687 shares, respectively, of common stock were issued and outstanding and no shares of preferred stock were issued or outstanding. On April 27, 2016, the Company’s Board of Directors approved a new share repurchase program for up to 40,000 shares to be repurchased in open market transactions, subject to market conditions, legal requirements and other factors. The new program replaced the Company’s previous share repurchase program for up to 40,000 shares that was originally approved in 2007. Additionally, management has been granted authority to establish a trading plan under Rule 10b5-1 of the Exchange Act in connection with share repurchases, which will allow the Company to repurchase shares in the open market during periods in which the stock trading window is otherwise closed for the Company and certain of the Company’s officers and employees pursuant to the Company’s insider trading policy. During 2017, under the current repurchase program, the Company purchased 19,640 shares of the Company’s common stock at a cost of $400,017 (average price of $20.35). During 2016, under the previous repurchase program, the Company purchased 14,243 shares of the Company’s common stock at a cost of $379,901 (average price of $26.65). Since inception of the share repurchase plan approved in 2016 the Company has purchased 19,640 shares of the Company’s common stock at a cost of $400,017 (average price of $20.35). At December 30, 2017, the remaining repurchase authorization under the current share repurchase program totaled approximately 20,360 shares. The primary objective of the share repurchase program is to utilize excess cash to generate shareholder value. Preferred Stock Purchase Rights On October 27, 2015, the Company entered into a Second Amendment to Rights Agreement (the “Second Amendment”) to the original Rights Agreement dated as of September 1, 2006 and previously amended on March 26, 2015 (the “Rights Agreement”) between the Company and Computershare Trust Company, N.A., as Rights Agent, one preferred stock purchase right (a “Right”) was distributed with and attached to each share of the Company’s common stock. Each Right entitled its holder, under certain circumstances, to purchase from the Company one one-thousandth of a share of the Company’s Junior Participating Preferred Stock, Series A (the “Series A Preferred Stock”). The Second Amendment accelerated the expiration of the Rights from September 1, 2016 to November 10, 2015 and had the effect of terminating the Rights Agreement on November 10, 2015. At the time of the termination of the Rights Agreement, all of the Rights distributed to holders of the Company’s common stock pursuant to the Rights Agreement expired. In connection with the termination of the Rights Agreement, on November 10, 2015, the Company eliminated the Series A Preferred Stock issuable upon exercise of the Rights and reclassified the Series A Preferred Stock as authorized but undesignated shares of the Company’s preferred stock. Dividends In 2015, the Company’s Board of Directors declared regular quarterly dividends of $0.10 per share on outstanding common stock, which were paid in 2015. On March 3, 2015, the Company effected a four-for-one stock split in the form of a 300% stock dividend to stockholders of record as of the close of business on February 9, 2015. In 2016, the Company’s Board of Directors declared regular quarterly dividends of $0.11 per share on outstanding common stock, which were paid in 2016. In January 2017, the Company’s Board of Directors increased the regular quarterly dividend rate to $0.15 per share on outstanding common stock. During the Company’s 2017 fiscal year, regular quarterly cash dividends of $0.15 per share were paid on March 7, 2017, June 6, 2017, September 6, 2017 and December 5, 2017. In February 2018, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.15 per share on outstanding common stock to be paid on March 13, 2018 to stockholders of record at the close of business on February 20, 2018.

Business Segment Information

12 Months Ended

Dec. 30, 2017

Business Segment Information

In the first quarter of 2017, the Company realigned its reporting segments to reflect the new model under which the business will be managed and results will be reviewed by the chief executive officer, who is the Company’s chief operating decision maker. The former Direct to Consumer segment, which consisted of the Company’s U.S. value-based (“outlet”) stores, legacy catalog business and U.S. retail Internet operations, was eliminated. The Company’s U.S. retail Internet operations, which sells products directly to consumers, is now reported in the respective Innerwear and Activewear segments. Other consists of the Company’s U.S. value-based (“outlet”) stores, U.S. hosiery business (previously reported in the Innerwear segment) and legacy catalog operations. Prior year segment sales and operating profit results have been revised to conform to the current year presentation.

The Company’s operations are managed and reported in three operating segments, each of which is a reportable segment for financial reporting purposes: Innerwear, Activewear and International. These segments are organized principally by product category and geographic location. Each segment has its own management that is responsible for the operations of the segment’s businesses, but the segments share a common supply chain and media and marketing platforms.

The types of products and services from which each reportable segment derives its revenues are as follows:


•	Innerwear sells basic branded products that are replenishment in nature under the product categories of men’s underwear, panties, children’s underwear, socks and intimate apparel, which includes bras and shapewear.


•	Activewear sells basic branded products that are primarily seasonal in nature under the product categories of branded printwear and retail activewear, as well as licensed logo apparel in collegiate bookstores, mass retail and other channels.


•	International primarily relates to the Europe, Australia, Asia, Latin America and Canada geographic locations that sell products that span across the Innerwear and Activewear reportable segments.

The Company evaluates the operating performance of its segments based upon segment operating profit, which is defined as operating profit before general corporate expenses, acquisition-related and integration charges and amortization of intangibles. The accounting policies of the segments are consistent with those described in Note, “Summary of Significant Accounting Policies.”



	Years Ended
	December 30, 2017		December 31, 2016		January 2, 2016
Net sales:
Innerwear	$	2,462,876	$	2,543,717	$	2,609,402
Activewear	1,654,278		1,601,108		1,605,423
International	2,054,664		1,531,913		1,132,637
Other	299,592		351,461		384,087
Total net sales	$	6,471,410	$	6,028,199	$	5,731,549



	Years Ended
	December 30, 2017			December 31, 2016			January 2, 2016
Segment operating profit:
Innerwear	$	528,038		$	563,905		$	596,634
Activewear	227,589			224,658			245,563
International	261,411			179,917			105,515
Other	23,364			32,801			43,582
Total segment operating profit	1,040,402			1,001,281			991,294
Items not included in segment operating profit:
General corporate expenses	(89,690		)	(64,995		)	(106,379		)
Acquisition, integration and other action-related charges	(192,752		)	(138,519		)	(266,060		)
Amortization of intangibles	(34,892		)	(22,118		)	(23,737		)
Total operating profit	723,068			775,649			595,118
Other expenses	(11,363		)	(51,758		)	(3,210		)
Interest expense, net	(174,435		)	(152,692		)	(118,035		)
Income from continuing operations before income tax expense	$	537,270		$	571,199		$	473,873

For the year ended December 30, 2017, the Company incurred pre-tax acquisition, integration and other action-related charges of $197,904, of which $54,970 is reported in the “Cost of sales” line, $109,930 is reported in the “Selling, general and administrative expenses” line, $27,852 is reported in the “Change in fair value of contingent consideration” line, and $5,152 is reported in the “Other Expenses” line in the Consolidated Statement of Income. For the year ended December 31, 2016, the Company incurred pre-tax acquisition-related and integration charges of $185,810, of which $39,379 is reported in the “Cost of sales” line, $99,140 is reported in the “Selling, general and administrative expenses” line and $47,291 is reported in the “Other Expenses” line in the Consolidated Statement of Income. For the year ended January 2, 2016, the Company incurred pre-tax acquisition, integration and other action-related charges of $266,060, of which $62,859 is reported in the “Cost of sales” line and $203,201 is reported in the “Selling, general and administrative expenses” line in the Consolidated Statement of Income.

As part of the Hanes Europe Innerwear acquisition strategy, in 2015 the Company identified management and administrative positions that were considered non-essential and/or duplicative that have been or will be eliminated. As of December 31, 2016, the Company had accrued $32,542 for expected benefit payments related to employee termination and other benefits for affected employees. As of December 30, 2017, approximately $10,240 of benefit payments and foreign currency adjustments had been made, resulting in an ending accrual of $22,302, of which, $11,531 and $10,771, is included in the “Accrued liabilities — Other” and “Other noncurrent liabilities” lines of the Consolidated Balance Sheet, respectively.

In the first quarter of 2017, the Company approved an action to resize its U.S. corporate office workforce through separation programs affecting employees primarily in the Innerwear and Activewear segments. In 2017, the Company accrued approximately $14,671 for employee termination and other benefits in accordance with expected benefit payments, with the majority of charges reflected in the “Selling, general and administrative expenses” line of the Consolidated Statements of Income. During 2017, there were approximately $12,049 of benefit payments resulting in an ending accrual of $2,622 included in the “Accrued liabilities — Other” line of the Consolidated Balance Sheet.

The Company closed its Nanjing, China textile plant in the first quarter of 2017 as part of a plan to realign its Asia textile production in order to better support its global commercial footprint, which has evolved over the past 10 years through major acquisitions in the United States, Europe and Australia. In 2017, the Company accrued approximately $8,534 for employee termination and other benefits in accordance with expected benefit payments for employees. The charges, along with other facility exit costs of $4,002, were reflected in the “Cost of sales” line of the Consolidated Statements of Income. During 2017, there were approximately $8,167 of benefit payments and foreign currency adjustments, resulting in an accrual of $367, which is included in the “Accrued liabilities — Other” line of the Consolidated Balance Sheet. As of December 30, 2017, the Nanjing, China textile plant, valued at $65,570, was classified as assets held for sale and reported within the “Other current assets” line of the Consolidated Balance Sheet.



	December 30, 2017		December 31, 2016
Assets:
Innerwear	$	1,578,023	$	1,604,088
Activewear	872,132		874,006
International	1,275,838		1,113,972
Other	151,980		160,475
	3,877,973		3,752,541
Current assets of discontinued operations	—		45,897
Corporate⁽¹⁾	3,016,802		3,132,042
Total assets	$	6,894,775	$	6,930,480



	Years Ended
	December 30, 2017		December 31, 2016		January 2, 2016
Depreciation and amortization expense:
Innerwear	$	32,000	$	36,591	$	38,136
Activewear	19,485		19,196		21,626
International	30,219		18,694		13,201
Other	5,891		6,576		7,203
	87,595		81,057		80,166
Corporate	34,892		22,118		23,737
Total depreciation and amortization expense	$	122,487	$	103,175	$	103,903



	Years Ended
	December 30, 2017		December 31, 2016		January 2, 2016
Additions to property, plant and equipment:
Innerwear	$	21,427	$	28,078	$	43,170
Activewear	11,263		11,518		22,331
International	31,127		23,520		18,022
Other	3,455		4,353		9,815
	67,272		67,469		93,338
Corporate	19,736		15,930		6,037
Total additions to long-lived assets	$	87,008	$	83,399	$	99,375


(1)	Principally cash and equivalents, certain fixed assets, net deferred tax assets, goodwill, trademarks and other identifiable intangibles, and certain other noncurrent assets.

Sales to Wal-Mart and Target were substantially in the Innerwear and Activewear segments and represented 18% and 13% of total sales in 2017, respectively. Sales to Wal-Mart and Target represented 20% and 15% of total net sales in 2016, respectively. Sales to Wal-Mart and Target represented 23% and 15% of total net sales in 2015, respectively.

Worldwide sales by product category for Innerwear and Activewear were $4,257,877 and $2,213,533, respectively, in 2017. Worldwide sales by product category for Innerwear and Activewear were $4,112,598 and $1,915,601, respectively, in 2016. Worldwide sales by product category for Innerwear and Activewear were $3,973,645 and $1,757,904, respectively, in 2015.

Geographic Area Information

12 Months Ended

Dec. 30, 2017

Geographic Area Information



	Years Ended or at
	December 30, 2017				December 31, 2016				January 2, 2016
	Sales		Property, Net		Sales		Property, Net		Sales		Property, Net
United States	$	4,417,885	$	130,029	$	4,489,593	$	134,119	$	4,594,665	$	130,235
Australia	592,285		50,671		278,298		41,970		23,073		579
France	283,959		20,937		290,698		18,776		301,010		20,777
Italy	275,047		16,941		174,095		15,405		93,667		16,785
Japan	203,521		1,547		182,307		942		119,693		867
Germany	120,236		14,102		110,748		13,649		104,311		15,573
Europe (Other)	112,408		44,608		96,381		39,189		103,911		17,242
Canada	79,420		1,289		90,585		1,093		105,869		1,196
Spain	67,475		8,453		65,207		6,818		58,824		7,464
Mexico	64,175		1,591		60,362		1,453		66,197		1,809
United Kingdom	55,290		784		32,409		825		29,484		942
Brazil	34,617		4,444		28,829		5,051		31,934		4,322
China	8,324		2,350		5,338		97,194		5,016		106,575
Central America and the Caribbean Basin	1,844		276,547		2,846		269,996		4,180		276,402
Other	154,924		49,698		120,503		45,984		89,715		49,694
	$	6,471,410	$	623,991	$	6,028,199	$	692,464	$	5,731,549	$	650,462

The net sales by geographic region are attributed by customer location. The property by geographic region includes assets held and used, which are recognized within the “Property, net” line of the Consolidated Balance Sheet.

Quarterly Financial Data

12 Months Ended

Dec. 30, 2017

Quarterly Financial Data

Quarterly Financial Data (Unaudited)



	First			Second		Third		Fourth			Total
2017
Net sales	$	1,380,355		$	1,646,610	$	1,799,270	$	1,645,175		$	6,471,410
Gross profit	539,531			645,902		678,457		626,661			2,490,551
Income (loss) from continuing operations	73,082			172,164		203,356		(384,611		)	63,991
Income (loss) from discontinued operations	(2,465		)	368		—		—			(2,097		)
Net income (loss)	70,617			172,532		203,356		(384,611		)	61,894
Earnings (loss) per share - basic:
Continuing operations	0.20			0.47		0.56		(1.06		)	0.17
Discontinuing operations	(0.01		)	—		—		—			(0.01		)
Earnings (loss) per share - diluted:
Continuing operations	0.19			0.47		0.55		(1.06		)	0.17
Discontinuing operations	(0.01		)	—		—		—			(0.01		)

2016
Net sales	$	1,219,140		$	1,472,731	$	1,761,019	$	1,575,309		$	6,028,199
Gross profit	457,256			557,291		649,366		612,135			2,276,048
Income from continuing operations	80,269			128,143		172,790		155,725			536,927
Income from discontinued operations	—			—		1,068		1,387			2,455
Net income	80,269			128,143		173,858		157,112			539,382
Earnings per share - basic:
Continuing operations	0.21			0.34		0.46		0.41			1.41
Discontinuing operations	—			—		—		—			0.01
Earnings per share - diluted:
Continuing operations	0.21			0.34		0.45		0.41			1.40
Discontinuing operations	—			—		—		—			0.01

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 30, 2017

Foreign Currency Translation

Consolidation

Use of Estimates

Sales Recognition and Incentives

Discounts, Coupons, and Rebates

Volume-Based Incentives

Cooperative Advertising

Fixtures and Racks

Advertising Expense

Shipping and Handling Costs

Catalog Expenses

Research and Development

Defined Contribution Benefit Plans

The Company sponsors 401(k) plans as well as other defined contribution benefit plans. Expense for these plans was $21,251, $26,434 and $21,972 in 2017, 2016 and 2015, respectively.

Cash and Cash Equivalents

All highly liquid investments with an original maturity of three months or less at the time of purchase are considered to be cash equivalents.

Accounts Receivable Valuation

Inventory Valuation

Property

Trademarks and Other Identifiable Intangible Assets

Goodwill

Insurance Reserves

Stock-Based Compensation

Income Taxes


•	As a period charge in the future period the tax arises; or


•	As part of deferred taxes related to the investment or subsidiary.

Financial Instruments

Cash Flow Hedges

Derivative Contracts Not Designated as Hedges

Assets and Liabilities Acquired in Business Combinations

Recently Issued Accounting Pronouncements

Fair Value Measurement

Inventory

Hedge Accounting

Revenue from Contracts with Customers

Statement of Cash Flows

Income Taxes

Definition of a Business

Retirement Benefits

Stock Compensation

Lease Accounting

Derivatives and Hedging

Goodwill Impairment

Reclassifications

Acquisitions (Tables)

12 Months Ended

Dec. 30, 2017

Hanes Australasia

Acquired assets and assumed liabilities at date of acquisition



Cash and cash equivalents	$	54,294
Accounts receivable, net	36,019
Inventories	104,806
Other current assets	16,588
Current assets of discontinued operations	50,839
Property, net	34,835
Trademarks and other identifiable intangibles	506,170
Deferred tax assets and other noncurrent assets	23,687
Total assets acquired	827,238
Accounts payable	89,309
Accrued liabilities and other	24,912
Current liabilities of discontinued operations	14,564
Long-term debt	41,976
Deferred tax liabilities and other noncurrent liabilities	16,320
Total liabilities assumed	187,081
Net assets acquired	640,157
Goodwill	160,714
Purchase price	$	800,871

Champion Europe

Acquired assets and assumed liabilities at date of acquisition



Cash and cash equivalents	$	14,581
Trade accounts receivable, net	27,926
Inventories	53,816
Other current assets	5,976
Property, net	24,605
Trademarks and other identifiable intangibles	135,277
Deferred tax assets and other noncurrent assets	3,777
Total assets acquired	265,958
Accounts payable	66,594
Accrued liabilities and other (including contingent consideration)	60,887
Notes payable	27,748
Deferred tax liabilities and other noncurrent liabilities	20,282
Total liabilities assumed and contingent consideration	175,511
Net assets acquired	90,447
Goodwill	109,830
Initial consideration paid	200,277
Estimated contingent consideration	45,277
Total purchase price	$	245,554

Hanes Australasia and Champion Europe, Combined

Unaudited pro forma results of operations

Pro forma operating results for the year ended January 2, 2016 include expenses totaling $9,560, for acquisition-related adjustments primarily related to inventory and stock compensation.



	Years Ended
	December 31, 2016		January 2, 2016
Net sales	$	6,434,928	$	6,480,153
Net income from continuing operations	617,261		437,849
Earnings per share from continuing operations:
Basic	$	1.62	$	1.09
Diluted	1.61		1.08

Knights Apparel

Unaudited pro forma results of operations

Unaudited pro forma results of operations for the Company are presented below for year-to-date assuming that the 2015 acquisition of Knights Apparel had occurred on December 29, 2013.



	Year Ended
	January 2, 2016
Net sales	$	5,753,706
Net income from continuing operations	433,636
Earnings per share from continuing operations:
Basic	$	1.08
Diluted	1.07

Discontinued Operations (Tables) - Tontine Pillow and Dunlop Flooring [Member]

12 Months Ended

Dec. 30, 2017

Discontinued Operations

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Discontinued operations



	Years Ended
	December 30, 2017			December 31, 2016
Net sales	$	6,865		$	34,698
Cost of sales	4,507			22,554
Gross profit	2,358			12,144
Selling, general and administrative expenses	3,729			8,632
Operating profit (loss)	(1,371		)	3,512
Other expenses	303			1,106
Net loss on disposal of business	242			—
Income (loss) from discontinued operations before income tax expense	(1,916		)	2,406
Income tax expense (benefit)	181			(49		)
Net income (loss) from discontinued operations, net of tax	$	(2,097	)	$	2,455

Discontinued Operations, Held-for-sale

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disclosure of long lived assets held-for-sale

Assets and liabilities of discontinued operations classified as held for sale in the consolidated balance sheet as of December 31, 2016 consisted of the following:



Trade accounts receivable, net	$	10,139
Inventories	10,691
Property, net	3,630
Trademarks and other identifiable intangibles, net	14,929
Goodwill	10,479
Accounts payable and accrued liabilities	(8,257		)
Net other assets and liabilities	(5,180		)
Net assets of discontinued operations	$	36,431

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 30, 2017

Summary of Changes in Stock Options Outstanding to Company's Employees Under Hanesbrands Omnibus Incentive Plan

A summary of the changes in stock options outstanding to the Company’s employees under the Omnibus Incentive Plan is presented below:



	Shares		Weighted- Average Exercise Price		Aggregate Intrinsic Value		Weighted- Average Remaining Contractual Term (Years)
Options outstanding at January 3, 2015	7,292		$	5.92	$	158,469	3.40
Exercised	(4,540	)	6.10

Options outstanding at January 2, 2016	2,752		$	5.62	$	65,531	2.88
Exercised	(477	)	5.90

Options outstanding at December 31, 2016	2,275		$	5.56	$	36,438	2.20
Exercised	(736	)	6.22

Options outstanding and exercisable at December 30, 2017	1,539		$	5.24	$	24,108	1.76

Summary of Changes in Restricted Stock Unit Awards Outstanding Under Hanesbrands Omnibus Incentive Plan

A summary of the changes in the restricted stock unit awards outstanding under the Omnibus Incentive Plan is presented below:



	Shares		Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value		Weighted- Average Remaining Contractual Term (Years)
Nonvested share units outstanding at January 3, 2015	3,418		$	16.12	$	94,521	1.71
Granted — non-performanced based	516		31.06
Granted — performanced based	828		23.50
Vested	(1,816	)	11.45
Forfeited	(113	)	16.87

Nonvested share units outstanding at January 2, 2016	2,833		$	23.99	$	83,381	1.78
Granted — non-performanced based	748		23.44
Granted — performanced based	511		23.64
Vested	(1,525	)	19.47
Forfeited	(47	)	23.38

Nonvested share units outstanding at December 31, 2016	2,520		$	26.46	$	54,356	2.11
Granted — non-performanced based	628		21.22
Granted — performanced based	590		23.04
Vested	(991	)	26.74
Forfeited	(81	)	26.81

Nonvested share units outstanding at December 30, 2017	2,666		$	24.36	$	55,741	2.00

Inventories (Tables)

12 Months Ended

Dec. 30, 2017

Inventories

Inventories consisted of the following:



	December 30, 2017		December 31, 2016
Raw materials	$	129,287	$	131,228
Work in process	226,659		185,066
Finished goods	1,519,044		1,524,271
	$	1,874,990	$	1,840,565

Notes Payable (Tables)

12 Months Ended

Dec. 30, 2017

Summary of Short Term Obligations

The Company had short-term revolving facilities in the following locations at December 30, 2017 and December 31, 2016:



	Interest Rate as of December 30, 2017	Principal Amount
	Interest Rate as of December 30, 2017	December 30, 2017		December 31, 2016
Europe	Various	$	10,072	$	54,772
Philippines	5.99%	1,801		1,265
Australia	—	—		359
		$	11,873	$	56,396

Debt (Tables)

12 Months Ended

Dec. 30, 2017

Debt Disclosure [Abstract]

Debt

The Company had the following debt at December 30, 2017 and December 31, 2016:



	Interest Rate as of December 30, 2017	Principal Amount
	Interest Rate as of December 30, 2017	December 30, 2017		December 31, 2016		Maturity Date
Senior Secured Credit Facility:
Revolving Loan Facility	—	$	—	$	—	December 2022
Term Loan A	2.99%	750,000		655,469		December 2022
Term Loan B	3.23%	500,000		318,625		December 2024
Australian Term A-1	3.23%	135,826		143,544		July 2019
Australian Term A-2	—	—		143,544		July 2021
4.875% Senior Notes	4.88%	900,000		900,000		May 2026
4.625% Senior Notes	4.63%	900,000		900,000		May 2024
3.5% Senior Notes	3.50%	599,649		520,617		June 2024
European Revolving Loan Facility	1.50%	81,539		62,474		September 2018
Accounts Receivable Securitization Facility	2.31%	125,209		44,521		March 2018
Other International Debt	Various	1,044		43,789		Various
		3,993,267		3,732,583
Less long-term debt issuance cost		41,624		46,534
Less current maturities		249,589		178,364
		$	3,702,054	$	3,507,685

Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 30, 2017

Intangible Assets and Related Accumulated Amortization

The primary components of the Company’s intangible assets and the related accumulated amortization are as follows:



	Gross		Accumulated Amortization		Net Book Value
Year ended December 30, 2017:
Intangible assets subject to amortization:
Trademarks and brand names	$	35,498	$	24,694	$	10,804
Licensing agreements	103,366		42,218		61,148
Customer and distributor relationships	172,820		42,010		130,810
Computer software	116,273		83,390		32,883
Other intangibles	2,131		397		1,734
	$	430,088	$	192,709	237,379
Intangible assets not subject to amortization:
Trademarks					1,089,742
Perpetual licensing agreements and other					75,736
Net book value of intangible assets					$	1,402,857



	Gross			Accumulated Amortization			Net Book Value
Year ended December 31, 2016:
Intangible assets subject to amortization:
Trademarks and brand names	$	28,617		$	28,607		$	10
Licensing agreements	102,069			33,397			68,672
Customer and distributor relationships	156,340			26,153			130,187
Computer software	88,213			68,318			19,895
Other intangibles	(1,498		)	(994		)	(504		)
	$	373,741		$	155,481		218,260
Intangible assets not subject to amortization:
Trademarks							999,170
Perpetual licensing agreements							68,028
Net book value of intangible assets							$	1,285,458

Goodwill

Goodwill and the changes in those amounts during the period are as follows:



	Innerwear			Activewear		International			Other		Total
Net book value at January 2, 2016	$	431,561		$	289,153	$	110,377		$	3,224	$	834,315
Acquisition of businesses	—			2,290		285,236			—		287,526
Currency translation	—			—		(23,301		)	—		(23,301		)

Net book value at December 31, 2016	$	431,561		$	291,443	$	372,312		$	3,224	$	1,098,540
Acquisition of businesses	—			25,248		3,351			—		28,599
Segment change	(24,708		)	259		—			24,449		—
Currency translation	—			—		39,868			—		39,868

Net book value at December 30, 2017	$	406,853		$	316,950	$	415,531		$	27,673	$	1,167,007

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 30, 2017

Schedule of Accumulated Other Comprehensive Loss

The components of AOCI are as follows:



	Cumulative Translation Adjustment			Hedges			Defined Benefit Plans			Income Taxes			Accumulated Other Comprehensive Loss
	Cumulative Translation Adjustment			Hedges			Defined Benefit Plans			Income Taxes			Accumulated Other Comprehensive Loss
Balance at January 2, 2016	$	(57,675	)	$	6,743		$	(563,759	)	$	219,758		$	(394,933	)
Amounts reclassified from accumulated other comprehensive loss	—			(3,966		)	17,116			(5,030		)	8,120
Current-period other comprehensive income (loss) activity	(20,384		)	10,995			(59,940		)	20,151			(49,178		)

Balance at December 31, 2016	$	(78,059	)	$	13,772		$	(606,583	)	$	234,879		$	(435,991	)
Amounts reclassified from accumulated other comprehensive loss	—			(1,825		)	19,062			(7,095		)	10,142
Current-period other comprehensive income (loss) activity	34,554			(37,408		)	(26,479		)	15,976			(13,357		)

Balance at December 30, 2017	$	(43,505	)	$	(25,461	)	$	(614,000	)	$	243,760		$	(439,206	)

Schedule of Reclassifications Out of Accumulated Other Comprehensive Loss

The Company had the following reclassifications out of AOCI:



Component of AOCI	Location of Reclassification into Income	Amount of Reclassification from AOCI
Component of AOCI	Location of Reclassification into Income	December 30, 2017			December 31, 2016			January 2, 2016
Loss on foreign exchange contracts	Cost of sales	$	(1,825	)	$	(3,966	)	$	(11,968	)
	Income tax	225			1,543			4,655
	Net of tax	$	(1,600	)	$	(2,423	)	$	(7,313	)

Amortization of deferred actuarial loss and prior service cost	Selling, general and administrative expenses	$	19,062		$	17,116		$	14,573
	Income tax	(7,320		)	(6,573		)	(5,669		)
	Net of tax	$	11,742		$	10,543		$	8,904

Total reclassifications		$	10,142		$	8,120		$	1,591

Financial Instruments and Risk Management (Tables)

12 Months Ended

Dec. 30, 2017

Fair Values of Derivative Instruments

The fair values of derivative financial instruments related to forward foreign exchange contracts recognized in the Consolidated Balance Sheets of the Company were as follows:



		Fair Value
	Balance Sheet Location	December 30, 2017			December 31, 2016
Hedges	Other current assets	$	1,464		$	16,729
Non-hedges	Other current assets	136			4,363
Total derivative assets		$	1,600		$	21,092

Hedges	Accrued liabilities	$	(14,750	)	$	(207	)
Non-hedges	Accrued liabilities	(7,818		)	(172		)
Total derivative liabilities		$	(22,568	)	$	(379	)

Net derivative asset (liability)		$	(20,968	)	$	20,713

Effect of Cash Flow Hedge Derivative Instruments

The effect of cash flow hedge derivative instruments on the Consolidated Statements of Income and Accumulated Other Comprehensive Loss is as follows:



	Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Loss (Effective Portion) Year Ended
	December 30, 2017			December 31, 2016		January 2, 2016
Foreign exchange contracts	$	(37,408	)	$	10,995	$	13,423



	Location of Gain Reclassified from Accumulated Other Comprehensive Income (Loss) into Income (Effective Portion)	Amount of Gain Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) Year Ended
		December 30, 2017		December 31, 2016		January 2, 2016
Foreign exchange contracts	Cost of sales	$	1,825	$	3,966	$	11,968

Effect of Mark to Market Hedge Derivative Instruments on Condensed Consolidated Statements of Income

The effect of derivative contracts not designated as hedges on the Consolidated Statements of Income is as follows:



	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Gain (Loss) Recognized in Income Year Ended
	Location of Gain (Loss) Recognized in Income on Derivatives	December 30, 2017		December 31, 2016		January 2, 2016
Foreign exchange contracts	Selling, general and administrative expenses	$	114	$	12,222	$	(9,271	)

Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 30, 2017

Fair Value of Financial Assets and Liabilities Measured on Recurring Basis

The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities accounted for at fair value on a recurring basis.



				Assets (Liabilities) at Fair Value as of December 30, 2017
	Total			Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Defined benefit pension plan investment assets:
U.S. equity securities	$	172,558		$	172,558	$	—		$	—
Foreign equity securities	40,920			40,920		—			—
Debt securities	52,331			52,331		—			—
Cash and other	2,595			2,595		—			—
Insurance contracts	2,194			—		2,194			—
Total plan assets in the fair value hierarchy	270,598			268,404		2,194			—
Plan assets measured at net asset value:⁽¹⁾
Hedge fund of funds	328,511
Foreign equity securities	109,525
Debt securities	102,531
Real estate	42,996
Commodities	18,525
Total plan assets measured at net asset value	602,088
Total plan assets	872,686

Derivative contracts:
Foreign exchange derivative contracts	1,600			—		1,600			—
Foreign exchange derivative contracts	(22,568		)	—		(22,568		)	—
	(20,968		)	—		(20,968		)	—

Deferred compensation plan liability	(52,758		)	—		(52,758		)	—

Total	$	798,960		$	268,404	$	(71,532	)	$	—


(1)	Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the tables above are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheets.



				Assets (Liabilities) at Fair Value as of December 31, 2016
	Total			Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Defined benefit pension plan investment assets:
U.S. equity securities	$	147,702		$	147,702	$	—		$	—
Foreign equity securities	33,511			33,511		—			—
Debt securities	49,128			49,128		—			—
Cash and other	2,234			2,234		—			—
Insurance contracts	3,334			—		3,334			—
Total plan assets in the fair value hierarchy	235,909			232,575		3,334			—
Plan assets measured at net asset value:⁽¹⁾
Hedge fund of funds	326,298
U.S. equity securities⁽²⁾	19,848
Foreign equity securities⁽²⁾	88,933
Debt securities⁽²⁾	95,634
Real estate	42,869
Commodities⁽²⁾	17,678
Total plan assets measured at net asset value	591,260
Total plan assets	827,169

Derivative contracts:
Foreign exchange derivative contracts	21,092			—		21,092			—
Foreign exchange derivative contracts	(379		)	—		(379		)	—
	20,713			—		20,713			—

Champion Europe contingent consideration ⁽³⁾	(42,378		)	—		—			(42,378		)
Deferred compensation plan liability	(51,868		)	—		(51,868		)	—

Total	$	753,636		$	232,575	$	(27,821	)	$	(42,378	)


(1)	Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the tables above are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheets.

(2)


(3)	The fair value of the Champion Europe contingent consideration had not changed since the date of acquisition, other than from the foreign exchange translation impact between periods.

Defined Benefit Pension Plans (Tables)

12 Months Ended

Dec. 30, 2017

Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Loss

The components of net periodic benefit cost and other amounts recognized in other comprehensive income of the Company’s noncontributory defined benefit pension plans were as follows:



	Years Ended
	December 30, 2017			December 31, 2016			January 2, 2016
Service cost	$	2,216		$	1,856		$	2,478
Interest cost	40,830			42,061			49,202
Expected return on assets	(41,780		)	(47,621		)	(55,127		)
Curtailments	154			(489		)	—
Settlement cost	23			115			25
Amortization of:
Prior service cost	9			9			22
Net actuarial loss	19,053			17,052			14,551
Net periodic benefit cost	$	20,505		$	12,983		$	11,151

Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Net loss	$	15,186		$	41,921		$	3,813
Prior service credit (cost)	(380		)	(9		)	22
Total loss recognized in other comprehensive income	14,806			41,912			3,835
Total recognized in net periodic benefit cost and other comprehensive income	$	35,311		$	54,895		$	14,986

Funded Status of Company's Defined Benefit Pension Plans

The funded status of the Company’s defined benefit pension plans at the respective year ends was as follows:



	December 30, 2017			December 31, 2016
Benefit obligation:
Beginning of year	$	1,197,189		$	1,172,267
Service cost	2,216			1,856
Interest cost	40,830			42,061
Plan amendment	(370		)	—
Benefits paid	(57,464		)	(56,576		)
Curtailments	187			(1,053		)
Settlements	(688		)	(2,360		)
Impact of exchange rate change	9,453			(1,976		)
Business combination	—			4,547
Actuarial loss	86,414			36,671
Other	(45		)	1,752
End of year	1,277,722			1,197,189

Fair value of plan assets:
Beginning of year	827,169			809,217
Actual return on plan assets	94,957			24,758
Employer contributions	6,376			47,203
Benefits paid	(57,464		)	(56,576		)
Settlements	(688		)	(2,360		)
Business combination	—			4,776
Impact of exchange rate change	2,381			178
Other	(45		)	(27		)
End of year	872,686			827,169
Funded status	$	(405,036	)	$	(370,020	)

Accumulated Benefit Obligation and Fair Value of Plan Assets with Accumulated Benefit Obligations in Excess of Plan Assets

The total benefit obligation and the benefit obligation and fair value of plan assets for the Company’s pension plans with benefit obligations in excess of plan assets are as follows:



	December 30, 2017		December 31, 2016
Benefit obligation	$	1,277,722	$	1,197,189
Plans with benefit obligation in excess of plan assets:
Benefit obligation	1,245,844		1,167,871
Fair value of plan assets	842,168		799,191

Amounts Recognized in Company's Consolidated Balance Sheets

Amounts recognized in the Company’s Consolidated Balance Sheets consist of:



	December 30, 2017			December 31, 2016
Current liabilities	$	(3,663	)	$	(3,605	)
Noncurrent liabilities	(401,749		)	(366,822		)
Accumulated other comprehensive loss	(618,416		)	(603,610		)

Amounts Recognized in Accumulated Other Comprehensive Loss

Amounts recognized in accumulated other comprehensive loss consist of:



	December 30, 2017			December 31, 2016
Prior service cost	$	(163	)	$	216
Actuarial loss	618,579			603,394
	$	618,416		$	603,610

Weighted Average Actuarial Assumptions Used in Measuring Net Periodic Benefit Cost and Plan Obligation

The weighted average actuarial assumptions used in measuring the net periodic benefit cost and plan obligations for the periods presented were as follows:



	December 30, 2017		December 31, 2016		January 2, 2016
Net periodic benefit cost:
Discount rate	4.15	%	4.43	%	4.43	%
Long-term rate of return on plan assets	5.21		5.80		5.61
Rate of compensation increase⁽¹⁾	3.84		3.51		3.51

Plan obligations:
Discount rate	3.60	%	4.15	%	4.04	%
Rate of compensation increase⁽¹⁾	4.40		3.84		3.51


(1)	The compensation increase assumption applies to the international plans and portions of the nonqualified retirement plans, as benefits under these plans were not frozen at December 30, 2017, December 31, 2016 and January 2, 2016.

Allocation of Pension Plan Assets

The allocation of pension plan assets as of the respective period end measurement dates is as follows:



	December 30, 2017		December 31, 2016
Asset category:
Hedge fund of funds	38	%	39	%
U.S. equity securities	20		20
Debt securities	18		17
Foreign equity securities	17		15
Real estate	5		5
Commodities	2		2
Insurance contracts	—		1
Cash and other	—		1

Income Taxes (Tables)

12 Months Ended

Dec. 30, 2017

Provision for Income Tax Computed by Applying U.S. Statutory Rate to Income Before Taxes as Reconciled to Actual Provisions

The provision for income tax computed by applying the U.S. statutory rate to income before taxes as reconciled to the actual provisions were:



	Years Ended
	December 30, 2017		December 31, 2016		January 2, 2016
Income before income tax expense:
Domestic	(6.6	)%	(10.2	)%	5.6	%
Foreign	106.6		110.2		94.4
	100.0	%	100.0	%	100.0	%

Tax expense at U.S. statutory rate	35.0	%	35.0	%	35.0	%
State income tax	0.2		(0.7	)	1.1
Tax on remittance of foreign earnings	0.5		9.9		9.1
Tax on remittance of foreign earnings due to U.S. tax reform	67.0		N/A		N/A
Revaluation of net deferred tax assets due to U.S. tax reform	14.3		N/A		N/A
Foreign taxes less than U.S. statutory rate	(27.4	)	(38.5	)	(30.8	)
Employee benefits	(0.2	)	(0.7	)	0.4
Change in valuation allowance	0.1		1.2		2.6
Increase in unrecognized tax benefits	1.8		0.6		0.1
Release of unrecognized tax benefit reserves	(0.9	)	(0.4	)	(9.8	)
State tax rate change	0.1		0.6		2.3
Federal and state provision to return	(2.6	)	(0.7	)	(0.4	)
Other, net	0.2		(0.3	)	(0.1	)
Taxes at effective worldwide tax rates	88.1	%	6.0	%	9.5	%

Current and Deferred Tax Provisions (Benefits)

Current and deferred tax provisions (benefits) were:



	Current			Deferred			Total
Year ended December 30, 2017
Domestic	$	154,751		$	260,393		$	415,144
Foreign	10,603			(15,098		)	(4,495		)
State	68,857			(6,227		)	62,630
	$	234,211		$	239,068		$	473,279

Year ended December 31, 2016
Domestic	$	2,768		$	34,590		$	37,358
Foreign	38,257			(34,232		)	4,025
State	2,083			(9,194		)	(7,111		)
	$	43,108		$	(8,836	)	$	34,272

Year ended January 2, 2016
Domestic	$	(2,294	)	$	9,437		$	7,143
Foreign	32,067			(10,235		)	21,832
State	4,395			11,648			16,043
	$	34,168		$	10,850		$	45,018

Cash Tax Payments Made by Company Primarily in Foreign Jurisdictions



	Years Ended
	December 30, 2017		December 31, 2016		January 2, 2016
Cash payments for income taxes	$	57,882	$	39,655	$	23,045

Deferred Tax Assets and Liabilities

The deferred tax assets and liabilities at the respective year-ends were as follows:



	December 30, 2017			December 31, 2016
Deferred tax assets:
Nondeductible reserves	$	1,859		$	1,962
Inventories	57,857			123,507
Property and equipment	—			3,322
Bad debt allowance	7,363			6,965
Accrued expenses	14,399			20,351
Employee benefits	143,970			181,148
Tax credits	10,140			45,783
Net operating loss and other tax carryforwards	142,064			210,284
Derivatives	3,305			—
Other	17,305			20,355
Gross deferred tax assets	398,262			613,677
Less valuation allowances	(72,602		)	(67,451		)
Deferred tax assets	325,660			546,226

Deferred tax liabilities:
Property and equipment	4,455			—
Derivatives	—			5,103
Intangibles	120,033			121,674
Prepaids	3,932			5,728
Deferred tax liabilities	128,420			132,505
Net deferred tax assets	$	197,240		$	413,721

Net Operating Loss Carryforwards

At December 30, 2017, the Company has total net operating loss carryforwards of approximately $324,833 for foreign jurisdictions, which will expire as follows:



Fiscal Year:
2018	$	8,671
2019	23,809
2020	4,435
2021	6,326
2022	2,676
Thereafter	278,916

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



Balance at January 2, 2016 (gross balance of $20,085)	$	19,780
Additions based on tax positions related to the current year	4,648
Additions for tax positions of prior years	106
Reductions for tax positions of prior years	(4,838		)

Balance at December 31, 2016 (gross balance of $20,688)	$	19,696
Additions based on tax positions related to the current year	7,902
Additions for tax positions of prior years	36
Reductions for tax positions of prior years	(3,602		)

Balance at December 30, 2017 (gross balance of $26,175)	$	24,032

Summary of changes in valuation allowance

The changes in the Company’s valuation allowance for deferred tax assets are as follows:



January 3, 2015	$	43,757
Charge to expenses	12,224
Charged to other accounts⁽¹⁾	5,377
January 2, 2016	$	61,358
Charge to expenses	6,859
Charged to other accounts⁽¹⁾	(766		)
December 31, 2016	$	67,451
Charge to expenses	729
Charged to other accounts⁽¹⁾	4,422
December 30, 2017	$	72,602


(1)	Charges to other accounts include the effects of foreign currency translation and purchase accounting adjustments.

Business Segment Information (Tables)

12 Months Ended

Dec. 30, 2017

Depreciation and Amortization Expense

Net Sales



	Years Ended
	December 30, 2017		December 31, 2016		January 2, 2016
Net sales:
Innerwear	$	2,462,876	$	2,543,717	$	2,609,402
Activewear	1,654,278		1,601,108		1,605,423
International	2,054,664		1,531,913		1,132,637
Other	299,592		351,461		384,087
Total net sales	$	6,471,410	$	6,028,199	$	5,731,549

Segment Operating Profit



	Years Ended
	December 30, 2017			December 31, 2016			January 2, 2016
Segment operating profit:
Innerwear	$	528,038		$	563,905		$	596,634
Activewear	227,589			224,658			245,563
International	261,411			179,917			105,515
Other	23,364			32,801			43,582
Total segment operating profit	1,040,402			1,001,281			991,294
Items not included in segment operating profit:
General corporate expenses	(89,690		)	(64,995		)	(106,379		)
Acquisition, integration and other action-related charges	(192,752		)	(138,519		)	(266,060		)
Amortization of intangibles	(34,892		)	(22,118		)	(23,737		)
Total operating profit	723,068			775,649			595,118
Other expenses	(11,363		)	(51,758		)	(3,210		)
Interest expense, net	(174,435		)	(152,692		)	(118,035		)
Income from continuing operations before income tax expense	$	537,270		$	571,199		$	473,873

Assets



	December 30, 2017		December 31, 2016
Assets:
Innerwear	$	1,578,023	$	1,604,088
Activewear	872,132		874,006
International	1,275,838		1,113,972
Other	151,980		160,475
	3,877,973		3,752,541
Current assets of discontinued operations	—		45,897
Corporate⁽¹⁾	3,016,802		3,132,042
Total assets	$	6,894,775	$	6,930,480



	Years Ended
	December 30, 2017		December 31, 2016		January 2, 2016
Depreciation and amortization expense:
Innerwear	$	32,000	$	36,591	$	38,136
Activewear	19,485		19,196		21,626
International	30,219		18,694		13,201
Other	5,891		6,576		7,203
	87,595		81,057		80,166
Corporate	34,892		22,118		23,737
Total depreciation and amortization expense	$	122,487	$	103,175	$	103,903

Additions to Long-Lived Assets



	Years Ended
	December 30, 2017		December 31, 2016		January 2, 2016
Additions to property, plant and equipment:
Innerwear	$	21,427	$	28,078	$	43,170
Activewear	11,263		11,518		22,331
International	31,127		23,520		18,022
Other	3,455		4,353		9,815
	67,272		67,469		93,338
Corporate	19,736		15,930		6,037
Total additions to long-lived assets	$	87,008	$	83,399	$	99,375

Geographic Area Information (Tables)

12 Months Ended

Dec. 30, 2017

Sales and Long Lived Assets by Geographical Area

Geographic Area Information



	Years Ended or at
	December 30, 2017				December 31, 2016				January 2, 2016
	Sales		Property, Net		Sales		Property, Net		Sales		Property, Net
United States	$	4,417,885	$	130,029	$	4,489,593	$	134,119	$	4,594,665	$	130,235
Australia	592,285		50,671		278,298		41,970		23,073		579
France	283,959		20,937		290,698		18,776		301,010		20,777
Italy	275,047		16,941		174,095		15,405		93,667		16,785
Japan	203,521		1,547		182,307		942		119,693		867
Germany	120,236		14,102		110,748		13,649		104,311		15,573
Europe (Other)	112,408		44,608		96,381		39,189		103,911		17,242
Canada	79,420		1,289		90,585		1,093		105,869		1,196
Spain	67,475		8,453		65,207		6,818		58,824		7,464
Mexico	64,175		1,591		60,362		1,453		66,197		1,809
United Kingdom	55,290		784		32,409		825		29,484		942
Brazil	34,617		4,444		28,829		5,051		31,934		4,322
China	8,324		2,350		5,338		97,194		5,016		106,575
Central America and the Caribbean Basin	1,844		276,547		2,846		269,996		4,180		276,402
Other	154,924		49,698		120,503		45,984		89,715		49,694
	$	6,471,410	$	623,991	$	6,028,199	$	692,464	$	5,731,549	$	650,462

Quarterly Financial Data (Tables)

12 Months Ended

Dec. 30, 2017

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Quarterly Information

Quarterly Financial Data (Unaudited)



	First			Second		Third		Fourth			Total
2017
Net sales	$	1,380,355		$	1,646,610	$	1,799,270	$	1,645,175		$	6,471,410
Gross profit	539,531			645,902		678,457		626,661			2,490,551
Income (loss) from continuing operations	73,082			172,164		203,356		(384,611		)	63,991
Income (loss) from discontinued operations	(2,465		)	368		—		—			(2,097		)
Net income (loss)	70,617			172,532		203,356		(384,611		)	61,894
Earnings (loss) per share - basic:
Continuing operations	0.20			0.47		0.56		(1.06		)	0.17
Discontinuing operations	(0.01		)	—		—		—			(0.01		)
Earnings (loss) per share - diluted:
Continuing operations	0.19			0.47		0.55		(1.06		)	0.17
Discontinuing operations	(0.01		)	—		—		—			(0.01		)

2016
Net sales	$	1,219,140		$	1,472,731	$	1,761,019	$	1,575,309		$	6,028,199
Gross profit	457,256			557,291		649,366		612,135			2,276,048
Income from continuing operations	80,269			128,143		172,790		155,725			536,927
Income from discontinued operations	—			—		1,068		1,387			2,455
Net income	80,269			128,143		173,858		157,112			539,382
Earnings per share - basic:
Continuing operations	0.21			0.34		0.46		0.41			1.41
Discontinuing operations	—			—		—		—			0.01
Earnings per share - diluted:
Continuing operations	0.21			0.34		0.45		0.41			1.40
Discontinuing operations	—			—		—		—			0.01

Basis of Presentation Basis of Presentation (Details) $ in Thousands	12 Months Ended
	Dec. 30, 2017 USD ($)
Balance Sheet Reclassification [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Prior Period Reclassification Adjustment	$ 22,746
Cash Flow Statement Reclassification [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Prior Period Reclassification Adjustment	$ 4,068

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Summary of Significant Accounting Policies
Advertising Expense	$ 157,369	$ 168,701	$ 181,956
Shipping and handling revenue	19,738	19,446	19,710
Shipping and handling costs	376,449	324,845	332,678
Research and development expense	65,457	70,096	62,324
Defined contribution benefit plans	21,251	$ 26,434	$ 21,972
Goodwill, Impairment Loss	$ 0
Trademarks
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period	30 years
Building Improvements
Summary of Significant Accounting Policies
Estimated useful life	40 years
Minimum \| Trademarks
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period	10 years
Minimum \| Licensing Agreements
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period	3 years
Minimum \| Customer and Distributor Relationships
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period	2 years
Minimum \| Computer Software
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period	1 year
Minimum \| Machinery and Equipment
Summary of Significant Accounting Policies
Estimated useful life	3 years
Maximum \| Trademarks
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period	12 years
Maximum \| Licensing Agreements
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period	17 years
Maximum \| Customer and Distributor Relationships
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period	15 years
Maximum \| Computer Software
Summary of Significant Accounting Policies
Finite-lived intangible assets amortization period	7 years
Maximum \| Machinery and Equipment
Summary of Significant Accounting Policies
Estimated useful life	15 years

Acquisitions Narrative (Details) € in Thousands, AUD in Thousands, $ in Thousands								1 Months Ended			6 Months Ended	12 Months Ended
	Feb. 02, 2018 AUD	Oct. 13, 2017 USD ($)	Apr. 28, 2017 EUR (€)	Apr. 28, 2017 USD ($)	Jul. 14, 2016 AUD	Jul. 14, 2016 USD ($)	Apr. 06, 2015 USD ($)	Sep. 30, 2016 USD ($)	Jun. 30, 2016 EUR (€)	Jun. 30, 2016 USD ($)	Dec. 31, 2016 USD ($)	Dec. 30, 2017 USD ($)	Dec. 31, 2016 EUR (€)	Dec. 31, 2016 USD ($)	Jan. 02, 2016 USD ($)	Dec. 30, 2017 EUR (€)	Dec. 30, 2017 USD ($)	Oct. 01, 2016 USD ($)	Jul. 02, 2016	Jun. 30, 2016 USD ($)
Business Acquisition [Line Items]
Acquisition related costs												$ 192,752		$ 138,519	$ 266,060
Goodwill											$ 1,098,540			1,098,540	834,315		$ 1,167,007
Payment for contingent consideration liability												$ 41,250		$ 0	0
Hanes Australasia
Business Acquisition [Line Items]
Payments to acquire businesses					AUD 1,049,360	$ 800,871
Percentage of business acquired						100.00%
Goodwill						$ 160,714
Trademarks and other identifiable intangibles, net						506,170
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities						$ 187,081
Champion Europe
Business Acquisition [Line Items]
Payments to acquire businesses									€ 220,751	$ 245,554
Contingent consideration									€ 40,700											$ 45,277
EBITDA Multiple									10	10
Percentage of business acquired									100.00%											100.00%
Notes payable																				$ 27,748
Goodwill																				109,830
Trademarks and other identifiable intangibles, net																				135,277
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities																				$ 175,511
Contingent Consideration EBITDA Floor \| €													€ 18,600
Payment for contingent consideration liability			€ 37,820	$ 41,250
Contingent consideration, accrued final settlement \| €																€ 26,430
Knights Apparel
Business Acquisition [Line Items]
Payments to acquire businesses							$ 192,888
Alternative Apparel
Business Acquisition [Line Items]
Payments to acquire businesses		$ 62,318
Business acquistion, percent of business acquired		100.00%
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net Working Capital		$ 18,517
Goodwill		24,514
Trademarks and other identifiable intangibles, net		26,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		$ 7,513
GTM and Universo, Combined
Business Acquisition [Line Items]
Total purchase price								$ 24,415
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net Working Capital								7,013
Goodwill																		$ 8,753
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Net Assets								$ 8,649
Minimum \| Customer and Distributor Relationships
Business Acquisition [Line Items]
Finite-lived intangible assets amortization period												2 years
Minimum \| Licensing Agreements
Business Acquisition [Line Items]
Finite-lived intangible assets amortization period												3 years
Maximum \| Customer and Distributor Relationships
Business Acquisition [Line Items]
Finite-lived intangible assets amortization period												15 years
Maximum \| Licensing Agreements
Business Acquisition [Line Items]
Finite-lived intangible assets amortization period												17 years
Deferred Taxes \| Knights Apparel
Business Acquisition [Line Items]
Goodwill, Purchase Accounting Adjustments											3,551
Working Capital \| Hanes Australasia
Business Acquisition [Line Items]
Goodwill, Purchase Accounting Adjustments												$ 25,434
Working Capital \| Champion Europe
Business Acquisition [Line Items]
Goodwill, Purchase Accounting Adjustments											$ 1,665
3.50% Senior Notes
Business Acquisition [Line Items]
Interest rate																3.50%	3.50%	3.50%	3.50%
Pro Forma \| Hanes Australasia and Champion Europe, Combined
Business Acquisition [Line Items]
Acquisition related costs															$ 9,560
Subsequent Event \| Forecast \| BNT
Business Acquisition [Line Items]
Payments to acquire businesses \| AUD	AUD 500,000
Percentage of business acquired	100.00%

Acquisitions - Acquired Assets and Assumed Liabilities (Details) € in Thousands, $ in Thousands	Dec. 30, 2017 USD ($)	Dec. 31, 2016 USD ($)	Jul. 14, 2016 USD ($)	Jun. 30, 2016 EUR (€)	Jun. 30, 2016 USD ($)	Jan. 02, 2016 USD ($)
Business Acquisition [Line Items]
Goodwill	$ 1,167,007	$ 1,098,540				$ 834,315
Champion Europe
Business Acquisition [Line Items]
Cash and cash equivalents					$ 14,581
Trade accounts receivable, net					27,926
Inventories					53,816
Other current assets					5,976
Property, net					24,605
Trademarks and other identifiable intangibles, net					135,277
Noncurrent assets					3,777
Total assets acquired					265,958
Accounts payable, Accrued liabilities and other					60,887
Accounts payables					66,594
Notes payable					27,748
Deferred tax liabilities, noncurrent					20,282
Total liabilities assumed					175,511
Net assets acquired					90,447
Goodwill					109,830
Initial consideration paid					200,277
Estimated contingent consideration				€ (40,700)	(45,277)
Purchase price					$ 245,554
Hanes Australasia
Business Acquisition [Line Items]
Cash and cash equivalents			$ 54,294
Trade accounts receivable, net			36,019
Inventories			104,806
Deferred tax assets and other			23,687
Other current assets			16,588
Current assets of discontinued operations			50,839
Property, net			34,835
Trademarks and other identifiable intangibles, net			506,170
Total assets acquired			827,238
Accounts payable, Accrued liabilities and other			24,912
Accounts payables			89,309
Current liabilities of discontinued operations			14,564
Long-term debt			41,976
Deferred tax liabilities, noncurrent			16,320
Total liabilities assumed			187,081
Net assets acquired			640,157
Goodwill			160,714
Purchase price			$ 800,871

Acquisitions - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Business Acquisition [Line Items]
Acquisition related costs	$ 192,752	$ 138,519	$ 266,060
Pro Forma \| Hanes Australasia and Champion Europe, Combined
Business Acquisition [Line Items]
Acquisition related costs			$ 9,560
Net sales	6,434,928	6,480,153
Income from continuing operations	$ 617,261	$ 437,849
Earnings per share from continuing operations:
Basic	$ 1.62	$ 1.09
Diluted	$ 1.61	$ 1.08
Pro Forma \| Knights Apparel
Business Acquisition [Line Items]
Net sales	$ 5,753,706
Income from continuing operations	$ 433,636
Earnings per share from continuing operations:
Basic	$ 1.08
Diluted	$ 1.07

Discontinued Operations (Details) AUD in Thousands, $ in Thousands	1 Months Ended						3 Months Ended
	Apr. 30, 2017 AUD	Apr. 30, 2017 USD ($)	Mar. 31, 2017 AUD	Mar. 31, 2017 USD ($)	Feb. 28, 2017 AUD	Feb. 28, 2017 USD ($)	Sep. 30, 2017 AUD	Sep. 30, 2017 USD ($)
Dunlop Flooring
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses					AUD 34,564	$ 26,219
Adjustments to Proceeds from Previous Divestiture	AUD 1,334	$ 1,012
Gain (Loss) on Disposition of Business							AUD (2,715)	$ (2,083)
Tontine Pillow
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses			AUD 13,500	$ 10,363
Adjustments to Proceeds from Previous Divestiture	AUD (966)	$ (742)
Gain (Loss) on Disposition of Business							AUD 2,415	$ 1,856

Discontinued Operations Discontinued operations (Details) - Discontinued Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	$ 6,865	$ 34,698
Costs of sales	4,507	22,554
Gross profit	2,358	12,144
Selling, general and administrative expenses	3,729	8,632
Operating profit	(1,371)	3,512
Other expense	303	1,106
Gain (Loss) on Disposition of Business	242	0
Income from discontinued operations before income tax expense	(1,916)	2,406
Income tax expense	181	(49)
Net income from discontinued operations, net of tax	$ (2,097)	$ 2,455

Discontinued Operations Net assets held-for-sale (Details) - Discontinued Operations $ in Thousands	Dec. 30, 2017 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Trade accounts receivable, net	$ 10,139
Inventories	10,691
Property, net	3,630
Trademarks and other identifiable intangibles, net	14,929
Goodwill	10,479
Accounts payable and accrued liabilities	(8,257)
Net other assets and liabilities	(5,180)
Net assets of discontinued operations	$ 36,431

Earnings Per Share - Reconciliation of Basic to Diluted Weighted Average Shares (Detail) - shares shares in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Disclosure Earnings Per Share Reconciliation Of Basic To Diluted Weighted Average Shares [Abstract]
Basic weighted average shares outstanding	367,680	381,782	399,891
Effect of potentially dilutive securities:
Stock options	1,435	1,983	2,719
Restricted stock units	307	756	1,009
Employee stock purchase plan and other	4	45	40
Diluted weighted average shares outstanding	369,426	384,566	403,659

Earnings Per Share - Additional Information (Detail) shares in Thousands		12 Months Ended
	Mar. 03, 2015	Dec. 30, 2017 shares	Dec. 31, 2016 shares	Jan. 02, 2016 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Split, Conversion Ratio	4
Percent of dividend paid in stock	300.00%
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share		0	0	0
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share		488	303	348

Stock Based Compensation - Additional Information (Detail) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Generally vesting period of Options granted and Restricted stock Units	3 years
Period of exercise of Option granted to date	10 years
The total intrinsic value of options that were exercised	$ 10,821	$ 7,465	$ 105,899
Total compensation expense, recognized	23,224	30,617	29,154
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares vested	$ 26,510	29,705	20,784
Minimum percentage of target of granted performance-based restricted stock units	0.00%
Maximum percentage of target of granted performance-based restricted stock units	200.00%
Deferred tax benefit, recognized	$ 6,085	$ 11,754	$ 11,382
Total unrecognized compensation cost related to non-vested stock-based compensation arrangements	10,037
Unrecognized compensation cost expected to be recognized in 2018	6,837
Unrecognized compensation cost expected to be recognized in 2019	2,456
Unrecognized compensation cost expected to be recognized in 2020	$ 744
Restricted Stock Units (RSUs) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of Restricted Stock Units to generally vest	1 year
Restricted Stock Units (RSUs) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of Restricted Stock Units to generally vest	4 years
Share Based Compensation Arrangement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares may be purchased by eligible employees	63,220
Number of shares available for Future grants	9,533

Stock Based Compensation - Summary of Changes in Stock Options Outstanding to Company's Employees Under Hanesbrands Omnibus Incentive Plan (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016	Dec. 28, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding, Shares, Beginning Balance	2,275	2,752
Exercised, Shares	(736)	(477)	(4,540)
Options outstanding, Shares, Ending Balance	1,539	2,275	2,752	7,292
Options exercisable, Shares, Ending Balance	1,539
Options outstanding,Weighted-Average Exercise Price, Beginning Balance	$ 5.56	$ 5.62
Weighted-Average Exercise Price, Exercised	6.22	5.90	$ 6.10
Options outstanding, Weighted Average Exercise Price, Ending Balance	5.24	$ 5.56	$ 5.62	$ 5.92
Weighted-Average Exercise Price, Exercisable	$ 5.24
Options Outstanding, Aggregate Intrinsic Value, Beginning Balance	$ 24,108	$ 36,438	$ 65,531	$ 158,469
Options Outstanding, Aggregate Intrinsic Value, Ending Balance	$ 24,108
Option Outstanding, Weighted-Average Remaining Contractual Term (Years)	1 year 9 months 4 days	2 years 2 months 12 days	2 years 10 months 17 days	3 years 4 months 24 days
Option Exercisable, Weighted-Average Remaining Contractual Term (Years)	1 year 9 months 4 days

Stock Based Compensation - Summary of Changes in Restricted Stock Unit Awards Outstanding Under Hanesbrands Omnibus Incentive Plan (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016	Dec. 28, 2013
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested share units outstanding, Beginning Balance	2,520	2,833
Vested, Shares	(991)	(1,525)	(1,816)
Forfeited, Shares	(81)	(47)	(113)
Nonvested share units outstanding, Ending Balance	2,666	2,520	2,833	3,418
Weighted Average Grant Date Fair Value, Share units, Beginning Balance	$ 26.46	$ 23.99
Weighted Average Grant Date Fair Value, Vested	26.74	19.47	$ 11.45
Weighted Average Grant Date Fair Value, Forfeited	26.81	23.38	16.87
Weighted Average Grant Date Fair Value, Share units, Ending Balance	$ 24.36	$ 26.46	$ 23.99	$ 16.12
Aggregate Intrinsic Value	$ 55,741	$ 54,356	$ 83,381	$ 94,521
Weighted-Average Remaining Contractual Term (Years)	2 years	2 years 1 month 10 days	1 year 9 months 11 days	1 year 8 months 16 days
Non-Performanced Based
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted, Shares	628	748	516
Granted, Weighted Average Grant Date Fair Value	$ 21.22	$ 23.44	$ 31.06
Performanced Based
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted, Shares	590	511	828
Granted, Weighted Average Grant Date Fair Value	$ 23.04	$ 23.64	$ 23.50

Trade Accounts Receivable - Allowances for Trade Accounts Receivable (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning Balance	$ 18,726	$ 13,100	$ 16,856
Charged to expenses	22,811	23,470	13,331
Deductions and write-offs	(18,896)	(16,640)	(15,684)
Currency Translation	3,455	(1,204)	(1,403)
Ending Balance	26,096	18,726	13,100
Allowance for Doubtful Accounts [Member]
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning Balance	6,658	3,749	8,117
Charged to expenses	6,642	3,650	4,656
Deductions and write-offs	(632)	(381)	(7,844)
Currency Translation	904	(360)	(1,180)
Ending Balance	13,572	6,658	3,749
Allowance for Charge backs and other Deductions [Member]
Allowance for Doubtful Accounts Receivable [Roll Forward]
Beginning Balance	12,068	9,351	8,739
Charged to expenses	16,169	19,820	8,675
Deductions and write-offs	(18,264)	(16,259)	(7,840)
Currency Translation	2,551	(844)	(223)
Ending Balance	$ 12,524	$ 12,068	$ 9,351

Inventories - Inventories (Detail) - USD ($) $ in Thousands	Dec. 30, 2017	Dec. 31, 2016
Disclosure Inventories Inventories [Abstract]
Raw materials	$ 129,287	$ 131,228
Work in process	226,659	185,066
Finished goods	1,519,044	1,524,271
Total Inventories	$ 1,874,990	$ 1,840,565

Property, Net - Summary of Property (Detail) - USD ($) $ in Thousands	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Disclosure Property Net Summary Of Property [Abstract]
Land	$ 45,882	$ 43,731
Buildings and improvements	486,893	566,819
Machinery and equipment	1,063,661	977,312
Construction in progress	33,922	49,887
Capital leases	7,133	4,761
Property, gross	1,637,491	1,642,510
Less accumulated depreciation	1,013,500	950,046
Property, net	$ 623,991	$ 692,464	$ 650,462

Notes Payable - Summary of Short Term Obligations (Detail) - USD ($) $ in Thousands	Dec. 30, 2017	Dec. 31, 2016
Line of Credit Facility [Line Items]
Principal amount	$ 11,873	$ 56,396
Revolving Facility
Line of Credit Facility [Line Items]
Principal amount	11,873	56,396
Revolving Facility \| Europe
Line of Credit Facility [Line Items]
Principal amount	$ 10,072	54,772
Revolving Facility \| Philippines
Line of Credit Facility [Line Items]
Interest rate	5.99%
Principal amount	$ 1,801	1,265
Revolving Facility \| Australia
Line of Credit Facility [Line Items]
Interest rate	0.00%
Principal amount	$ 0	$ 359

Notes Payable - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Notes Payable [Line Items]
Total interest paid on notes payable	$ 164,716	$ 130,603	$ 106,231
Revolving Facility \| Notes Payable to Banks
Notes Payable [Line Items]
Total borrowing availability	133,708	80,210
Total interest paid on notes payable	$ 364	$ 1,103	$ 716

Debt (Details) € in Thousands, $ in Thousands	Dec. 30, 2017 USD ($)	Dec. 31, 2016 USD ($)	Oct. 01, 2016	Jul. 02, 2016 EUR (€)	Jul. 02, 2016 USD ($)	Jun. 03, 2016 EUR (€)	Nov. 09, 2010
Debt Instrument [Line Items]
Long-term Debt	$ 3,993,267	$ 3,732,583
Long-term debt issuance cost	41,624	46,534
Current maturities	249,589	178,364
Long-term debt, net	$ 3,702,054	3,507,685
Revolving Loan Facility
Debt Instrument [Line Items]
Interest rate	0.00%
Long-term Debt	$ 0	0
Term Loan A
Debt Instrument [Line Items]
Interest rate	2.99%
Long-term Debt	$ 750,000	655,469
Term Loan B
Debt Instrument [Line Items]
Interest rate	3.23%
Long-term Debt	$ 500,000	318,625
Australian Term A-1 Loan Facility
Debt Instrument [Line Items]
Long-term Debt	$ 135,826	143,544
Interest rate	3.23%
Australian Term A-2 Loan Facility
Debt Instrument [Line Items]
Long-term Debt	$ 0	143,544
Interest rate	0.00%
4.875% Senior Notes
Debt Instrument [Line Items]
Long-term Debt	$ 900,000	900,000			$ 900,000
Interest rate	4.875%			4.875%	4.875%
4.625% Senior Notes
Debt Instrument [Line Items]
Long-term Debt	$ 900,000	900,000			$ 900,000
Interest rate	4.625%			4.625%	4.625%
3.50% Senior Notes
Debt Instrument [Line Items]
Long-term Debt	$ 599,649	$ 520,617		€ 500,000		€ 500,000
Interest rate	3.50%		3.50%	3.50%	3.50%
6.375% Senior Notes
Debt Instrument [Line Items]
Interest rate	6.375%	6.375%					6.375%
European Revolving Loan Facility
Debt Instrument [Line Items]
Long-term Debt	$ 81,539	$ 62,474
Interest rate	1.50%
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Interest rate	2.31%
Long-term Debt	$ 125,209	$ 44,521
8% Senior Notes
Debt Instrument [Line Items]
Interest rate	8.00%	8.00%
Other International Debt
Debt Instrument [Line Items]
Long-term Debt	$ 1,044	$ 43,789

Debt - Additional Information (Detail) € in Thousands, AUD in Thousands			3 Months Ended	12 Months Ended
	Jul. 11, 2016 AUD	Jun. 03, 2016 EUR (€)	Oct. 03, 2015 USD ($)	Dec. 30, 2017 USD ($)	Dec. 31, 2016 USD ($)	Jan. 02, 2016 USD ($)	Oct. 01, 2016	Sep. 09, 2016 EUR (€)	Jul. 15, 2016 USD ($)	Jul. 02, 2016 EUR (€)	Jul. 02, 2016 USD ($)	Apr. 29, 2015 USD ($)	Nov. 09, 2010
Debt Instrument [Line Items]
Long-term Debt				$ 3,993,267,000	$ 3,732,583,000
Proceeds from Issuance of Senior Long-term Debt				$ 0	2,359,347,000	$ 0
Document Fiscal Year Focus				2017
Cash paid for interest related to debt				$ 164,716,000	130,603,000	106,231,000
Carrying value of unamortized debt issuance costs				10,575,000
Long-term debt issuance cost				41,624,000	46,534,000
Outstanding under Account receivable securitization facility				125,209,000	44,521,000
Trade accounts receivable less allowances				903,318,000	836,924,000
Future principal payment, 2018				249,589,000
Future principal payment, 2019				179,029,000
Future principal payment, 2020				42,500,000
Future principal payment, 2021				42,500,000
Future principal payment, 2022				605,000,000
Future principal payment, 2023 and beyond				2,874,649,000
Amortization of debt issuance costs				10,394,000	9,034,000	7,077,000
Capitalized debt issuance cost				0	34,624,000	0
Charges for acceleration of unamortized debt costs				$ 4,028,000	$ 12,667,000	0
Minimum
Debt Instrument [Line Items]
Leverage Ratio				3.0
Debt Issuance Costs Amortization Period, In Years				1 year
Maximum
Debt Instrument [Line Items]
Leverage Ratio				4.5
Debt Issuance Costs Amortization Period, In Years				10 years
Senior Secured Credit Facility
Debt Instrument [Line Items]
Trade letters of credit issued				$ 4,518,000
Variable rate on base rate				0.50%
Leverage Ratio				3.5
Syndicated Facility Agreement
Debt Instrument [Line Items]
Debt to EBITDA Ratio				4.5
Permitted Acquisition Amount for Increased Debt to EBITDA Ratio				$ 200,000,000
Syndicated Facility Agreement \| Maximum
Debt Instrument [Line Items]
Debt to EBITDA Ratio				5.0
Australian Revolving Facility
Debt Instrument [Line Items]
Remaining capacity under senior secured credit facility				$ 50,497,000
8% Senior Notes
Debt Instrument [Line Items]
Interest rate				8.00%	8.00%
6.375% Senior Notes
Debt Instrument [Line Items]
Interest rate				6.375%	6.375%								6.375%
Charges for acceleration of unamortized debt costs				$ 1,909,000	$ 47,291,000
US Term Loans
Debt Instrument [Line Items]
Charges for acceleration of unamortized debt costs				$ 1,739,000
2016 New Senior Notes, Combined [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage				100.00%
Proceeds from Issuance of Senior Long-term Debt				$ 1,773,000,000
Debt Issuance Costs, Gross				$ 39,523,000
2016 New Senior Notes, Combined [Member] \| Minimum
Debt Instrument [Line Items]
Debt Issuance Costs Amortization Period, In Years				8 years
2016 New Senior Notes, Combined [Member] \| Maximum
Debt Instrument [Line Items]
Debt Issuance Costs Amortization Period, In Years				10 years
4.875% Senior Notes
Debt Instrument [Line Items]
Long-term Debt				$ 900,000,000	900,000,000						$ 900,000,000
Interest rate				4.875%						4.875%	4.875%
4.625% Senior Notes
Debt Instrument [Line Items]
Long-term Debt				$ 900,000,000	900,000,000						$ 900,000,000
Interest rate				4.625%						4.625%	4.625%
3.50% Senior Notes
Debt Instrument [Line Items]
Long-term Debt		€ 500,000		$ 599,649,000	520,617,000					€ 500,000
Interest rate				3.50%			3.50%			3.50%	3.50%
Proceeds from Issuance of Debt \| €		€ 492,500
Debt Instrument, Redemption Price, Percentage				100.00%
Revolving Loan Facility
Debt Instrument [Line Items]
Long-term Debt				$ 0	0
Interest rate				0.00%
Revolving Loan Facility \| Minimum
Debt Instrument [Line Items]
Commitment fee percentage				0.25%
Revolving Loan Facility \| Maximum
Debt Instrument [Line Items]
Commitment fee percentage				0.40%
Revolving Loan Facility \| Senior Secured Credit Facility
Debt Instrument [Line Items]
Remaining capacity under senior secured credit facility				$ 995,482,000
LIBOR Based Loan \| Minimum
Debt Instrument [Line Items]
Interest rate				1.00%
LIBOR Based Loan \| Maximum
Debt Instrument [Line Items]
Interest rate				2.00%
Base Rate Loan \| Minimum
Debt Instrument [Line Items]
Interest rate				0.00%
Base Rate Loan \| Maximum
Debt Instrument [Line Items]
Interest rate				1.00%
Debt Instrument, Interest Rate, Increase (Decrease)				0.25%
Senior Secured Credit Facility
Debt Instrument [Line Items]
Interest Coverage Ratio				3
Permitted Acquisition Amount for Increase Leverage Ratio				$ 200,000,000
Leverage Ratio After Permitted Acquisition				5.0
Capitalized debt issuance cost			$ 11,935,000
Senior Secured Credit Facility \| Leverage Ratio Range One
Debt Instrument [Line Items]
Applicable commitment fee margin				0.40%
Senior Secured Credit Facility \| Leverage Ratio Range Two
Debt Instrument [Line Items]
Applicable commitment fee margin				0.30%
Senior Secured Credit Facility \| Leverage Ratio Range Three
Debt Instrument [Line Items]
Applicable commitment fee margin				0.25%
Senior Secured Credit Facility \| Minimum
Debt Instrument [Line Items]
Leverage Ratio				2.25
Senior Secured Credit Facility \| Maximum
Debt Instrument [Line Items]
Leverage Ratio				4.5
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Long-term Debt				$ 125,209,000	44,521,000
Interest rate				2.31%
Accounts receivable securitization facility current borrowing capacity				$ 275,000,000
Trade accounts receivable less allowances				413,046,000
Accounts Receivable Securitization Facility \| Senior Secured Credit Facility
Debt Instrument [Line Items]
Capitalized debt issuance cost				9,130,000	45,065,000	$ 12,793,000
Australian Term A-1 Loan Facility
Debt Instrument [Line Items]
Long-term Debt				$ 135,826,000	143,544,000
Interest rate				3.23%
Proceeds from Issuance of Debt \| AUD	AUD 200,000
Australian Revolving Facility
Debt Instrument [Line Items]
Long-term Debt				$ 0
Line of Credit Facility, Maximum Borrowing Capacity									$ 65,000,000
European Revolving Loan Facility
Debt Instrument [Line Items]
Long-term Debt				$ 81,539,000	62,474,000
Interest rate				1.50%
Remaining capacity under senior secured credit facility				$ 37,339,000
Line of Credit Facility, Maximum Borrowing Capacity \| €								€ 100,000
Voluntary Minimum Prepayment Principal Amount				5,000,000
Voluntary Prepayment Principal Amount, Increments above Minimum				1,000,000
Australian Term A-2 Loan Facility
Debt Instrument [Line Items]
Long-term Debt				$ 0	143,544,000
Interest rate				0.00%
Proceeds from Issuance of Debt \| AUD	AUD 200,000
Other International Debt
Debt Instrument [Line Items]
Long-term Debt				$ 1,044,000	43,789,000
Term Loans
Debt Instrument [Line Items]
Term Loans Borrowing Capacity												$ 325,750,000
Term Loan A
Debt Instrument [Line Items]
Long-term Debt				$ 750,000,000	655,469,000
Interest rate				2.99%
Annual repayment percentage				1.25%
Term Loans Borrowing Capacity												144,375,000
Term Loan B
Debt Instrument [Line Items]
Long-term Debt				$ 500,000,000	318,625,000
Interest rate				3.23%
Debt Instrument, Periodic Payment, Percent of Original Borrowing				0.25%
Prepayment fee				1.00%
Term Loans Borrowing Capacity												$ 181,375,000
Euro Term Loan
Debt Instrument [Line Items]
Charges for acceleration of unamortized debt costs				$ 380,000	$ 873,000
Euro LIBOR \| Minimum
Debt Instrument [Line Items]
Variable rate on base rate				0.00%
Euro LIBOR \| Maximum
Debt Instrument [Line Items]
Variable rate on base rate				1.50%
London Interbank Offered Rate (LIBOR) \| Term Loan B
Debt Instrument [Line Items]
Variable rate on base rate				1.75%
Base Rate \| Term Loan B
Debt Instrument [Line Items]
Variable rate on base rate				0.75%

Commitments and Contingencies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Disclosure Commitments And Contingencies Additional Information [Abstract]
Purchase commitments due in 2018	$ 418,038,000
Purchase commitments due in 2019	3,318,000
Purchase commitments due thereafter	0
Rental expense under operating leases	184,603,000	$ 132,128,000	$ 103,621,000
Future minimum lease payments under noncancelable operating leases in 2018	137,959,000
Future minimum lease payments under noncancelable operating leases in 2019	114,326,000
Future minimum lease payments under noncancelable operating leases in 2020	97,850,000
Future minimum lease payments under noncancelable operating leases in 2021	81,390,000
Future minimum lease payments under noncancelable operating leases in 2022	65,608,000
Future minimum lease payments under noncancelable operating leases thereafter	125,163,000
Royalty expense	100,869,000	$ 95,650,000	$ 84,733,000
Minimum amounts due under license agreements, 2018	45,086,000
Minimum amounts due under license agreements, 2019	60,688,000
Minimum amounts due under license agreements, 2020	50,160,000
Minimum amounts due under license agreements, 2021	7,289,000
Minimum amounts due under license agreements, 2022	6,844,000
Minimum amounts under license agreements due thereafter	$ 27,596,000

Intangible Assets and Goodwill - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016	Jul. 14, 2016
Goodwill [Line Items]
Goodwill	$ 1,167,007	$ 1,098,540	$ 834,315
Amortization expense for intangibles subject to amortization	34,892	$ 22,118	$ 23,737
Estimated Amortization Expense, 2018	32,096
Estimated Amortization Expense, 2019	32,811
Estimated Amortization Expense, 2020	30,465
Estimated Amortization Expense, 2021	27,087
Estimated Amortization Expense, 2022	$ 25,583
Trademarks
Goodwill [Line Items]
Finite-lived intangible assets amortization period	30 years
Hanes Australasia
Goodwill [Line Items]
Goodwill				$ 160,714
Trademarks and other identifiable intangibles, net				$ 506,170
Knights Apparel and ProEdge \| Trademarks
Goodwill [Line Items]
Finite-lived intangible assets amortization period	12 years

Intangible Assets and Goodwill - Intangible Assets and Related Accumulated Amortization (Detail) - USD ($) $ in Thousands	Dec. 30, 2017	Dec. 31, 2016
Finite And Infinite Lived Intangible Assets [Line Items]
Gross	$ 430,088	$ 373,741
Accumulated Amortization	192,709	155,481
Net Book Value	237,379	218,260
Trademarks and other identifiable intangibles, net	1,402,857	1,285,458
Trademarks And Brand Names
Finite And Infinite Lived Intangible Assets [Line Items]
Gross	35,498	28,617
Accumulated Amortization	24,694	28,607
Net Book Value	10,804	10
Licensing and other agreements
Finite And Infinite Lived Intangible Assets [Line Items]
Gross	103,366
Accumulated Amortization	42,218
Net Book Value	61,148
Licensing Agreements
Finite And Infinite Lived Intangible Assets [Line Items]
Gross		102,069
Accumulated Amortization		33,397
Net Book Value		68,672
Customer and Distributor Relationships
Finite And Infinite Lived Intangible Assets [Line Items]
Gross	172,820	156,340
Accumulated Amortization	42,010	26,153
Net Book Value	130,810	130,187
Computer Software
Finite And Infinite Lived Intangible Assets [Line Items]
Gross	116,273	88,213
Accumulated Amortization	83,390	68,318
Net Book Value	32,883	19,895
Other Intangibles
Finite And Infinite Lived Intangible Assets [Line Items]
Gross	2,131	(1,498)
Accumulated Amortization	397	(994)
Net Book Value	1,734	(504)
Trademarks
Finite And Infinite Lived Intangible Assets [Line Items]
Intangible assets not subject to amortization	1,089,742	999,170
Licensing Agreements
Finite And Infinite Lived Intangible Assets [Line Items]
Intangible assets not subject to amortization	$ 75,736	$ 68,028

Intangible Assets and Goodwill - Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 1,098,540	$ 834,315
Currency translation	39,868	(23,301)
Acquisition of businesses	28,599	287,526
Goodwill, Ending Balance	1,167,007	1,098,540
Innerwear
Goodwill [Line Items]
Goodwill, Beginning Balance	431,561	431,561
Currency translation	0	0
Acquisition of businesses	0	0
Goodwill, Ending Balance	406,853	431,561
Outerwear
Goodwill [Line Items]
Goodwill, Beginning Balance	291,443	289,153
Currency translation	0	0
Acquisition of businesses	25,248	2,290
Goodwill, Ending Balance	316,950	291,443
Direct to Consumer
Goodwill [Line Items]
Goodwill, Beginning Balance	3,224	3,224
Currency translation	0	0
Acquisition of businesses	0	0
Goodwill, Ending Balance	27,673	3,224
International
Goodwill [Line Items]
Goodwill, Beginning Balance	372,312	110,377
Currency translation	39,868	(23,301)
Acquisition of businesses	3,351	285,236
Goodwill, Ending Balance	$ 415,531	$ 372,312

Accumulated Other Comprehensive Loss - Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Tax [Roll Forward]
Beginning Balance, tax	$ 234,879	$ 219,758
Amounts reclassified from accumulated other comprehensive loss, tax	(7,095)	(5,030)
Current-period other comprehensive income (loss) activity, tax	15,976	20,151
Ending Balance, tax	243,760	234,879
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Period, net of tax	(435,991)	(394,933)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	10,142	8,120
Current-period other comprehensive income (loss) activity, net of tax	(13,357)	(49,178)
Ending Period, net of tax	(439,206)	(435,991)
Cumulative translation adjustment
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(78,059)	(57,675)
Amounts reclassified from accumulated other comprehensive loss, before tax	0	0
Current-period other comprehensive income (loss) activity, before tax	34,554	(20,384)
Ending Balance, before tax	(43,505)	(78,059)
Foreign exchange contracts
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	13,772	6,743
Amounts reclassified from accumulated other comprehensive loss, before tax	(1,825)	(3,966)
Current-period other comprehensive income (loss) activity, before tax	(37,408)	10,995
Ending Balance, before tax	(25,461)	13,772
Defined benefit plans
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Beginning Balance, before tax	(606,583)	(563,759)
Amounts reclassified from accumulated other comprehensive loss, before tax	19,062	17,116
Current-period other comprehensive income (loss) activity, before tax	(26,479)	(59,940)
Ending Balance, before tax	$ (614,000)	$ (606,583)

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 31, 2016	Oct. 01, 2016	Jul. 02, 2016	Apr. 02, 2016	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales									$ (3,980,859)	$ (3,752,151)	$ (3,595,217)
Income tax expense (benefit)									(473,279)	(34,272)	(45,018)
Interest expense, net									(174,435)	(152,692)	(118,035)
Selling, general and administrative expenses									(1,739,631)	(1,500,399)	(1,541,214)
Net income	$ (384,611)	$ 203,356	$ 172,532	$ 70,617	$ 157,112	$ 173,858	$ 128,143	$ 80,269	61,894	539,382	428,855
Reclassification out of Accumulated Other Comprehensive Income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net income									10,142	8,120	1,591
Reclassification out of Accumulated Other Comprehensive Income \| Amortization of deferred actuarial loss and prior service cost
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense (benefit)									(7,320)	(6,573)	(5,669)
Selling, general and administrative expenses									19,062	17,116	14,573
Net income									11,742	10,543	8,904
Reclassification out of Accumulated Other Comprehensive Income \| Foreign Exchange Contract \| Gain (loss) on cash flow hedges
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales									(1,825)	(3,966)	(11,968)
Income tax expense (benefit)									225	1,543	4,655
Net income									$ (1,600)	$ (2,423)	$ (7,313)

Financial Instruments and Risk Management - Fair Values of Derivative Instruments (Detail) - USD ($) $ in Thousands	Dec. 30, 2017	Dec. 31, 2016
Derivative [Line Items]
Total derivative assets	$ 1,600	$ 21,092
Total derivative liabilities	(22,568)	(379)
Net derivative asset (liability)	(20,968)	20,713
Other Current Assets \| Designated as Hedging Instrument
Derivative [Line Items]
Total derivative assets	1,464	16,729
Other Current Assets \| Non Designated as Hedging Instrument
Derivative [Line Items]
Total derivative assets	136	4,363
Accrued Liabilities \| Designated as Hedging Instrument
Derivative [Line Items]
Total derivative liabilities	(14,750)	(207)
Accrued Liabilities \| Non Designated as Hedging Instrument
Derivative [Line Items]
Total derivative liabilities	$ (7,818)	$ (172)

Financial Instruments and Risk Management - Effect of Cash Flow Hedge Derivative Instruments (Detail) - Foreign Exchange Contract - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Loss (Effective Portion) Year Ended	$ (37,408)	$ 10,995	$ 13,423
Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) Year Ended	$ 1,825	$ 3,966	$ 11,968

Financial Instruments and Risk Management - Effect of Mark to Market Hedge Derivative Instruments on Condensed Consolidated Statements of Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Selling, General and Administrative Expenses [Member] \| Foreign Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income	$ 114	$ 12,222	$ (9,271)

Financial Instruments and Risk Management Financial Instruments and Risk Management - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016
Derivative [Line Items]
Amount expected to be reclassified into earnings	$ 16,933
Short \| Foreign Exchange Contract
Derivative [Line Items]
Derivative, notional amount	$ 584,582	$ 451,355

Fair Value of Assets and Liabilities - Additional Information (Detail) € in Thousands, $ in Thousands			12 Months Ended
	Apr. 28, 2017 EUR (€)	Apr. 28, 2017 USD ($)	Dec. 30, 2017 USD ($)	Dec. 31, 2016 EUR (€)	Dec. 31, 2016 USD ($)	Jan. 02, 2016 USD ($)	Dec. 30, 2017 EUR (€)	Dec. 30, 2017 USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Payment for contingent consideration liability			$ 41,250		$ 0	$ 0
Fair value of debt					3,729,270			$ 4,093,229
Carrying value of debt					$ 3,732,583			$ 3,993,267
Champion Europe
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent Consideration EBITDA Floor \| €				€ 18,600
Payment for contingent consideration liability	€ 37,820	$ 41,250
Contingent consideration, accrued final settlement \| €							€ 26,430

Fair Value of Assets and Liabilities - Fair Value of Financial Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($)
$ in Thousands

Dec. 30, 2017

Dec. 31, 2016

Jan. 02, 2016

$ 872,686

$ 827,169

$ 809,217

1,600

21,092

(22,568)

(379)

Fair Value, Measurements, Recurring

(20,968)

20,713

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

270,598

235,909

1,600

21,092

(22,568)

(379)

Deferred Compensation Plan, Fair Value of Plan Liability

(20,968)

20,713

Loss Contingency Accrual

^[1]

(42,378)

(52,758)

(51,868)

Net effect of financial asset less financial liability

798,960

753,636

U.S. Equity Securities | Fair Value, Measurements, Recurring

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Foreign Equity Securities | Fair Value, Measurements, Recurring

172,558

147,702

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Debt Securities | Fair Value, Measurements, Recurring

40,920

33,511

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Insurance Contracts | Fair Value, Measurements, Recurring

52,331

49,128

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Cash and Other | Fair Value, Measurements, Recurring

2,194

3,334

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring

2,595

2,234

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

268,404

232,575

Deferred Compensation Plan, Fair Value of Plan Liability

Net effect of financial asset less financial liability

268,404

232,575

Fair Value, Inputs, Level 1 | U.S. Equity Securities | Fair Value, Measurements, Recurring

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 1 | Foreign Equity Securities | Fair Value, Measurements, Recurring

172,558

147,702

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 1 | Debt Securities | Fair Value, Measurements, Recurring

40,920

33,511

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 1 | Cash and Other | Fair Value, Measurements, Recurring

52,331

49,128

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring

2,595

2,234

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

2,194

3,334

1,600

21,092

(22,568)

(379)

Deferred Compensation Plan, Fair Value of Plan Liability

(20,968)

20,713

(52,758)

(51,868)

Net effect of financial asset less financial liability

(71,532)

(27,821)

Fair Value, Inputs, Level 2 | U.S. Equity Securities | Fair Value, Measurements, Recurring

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 2 | Foreign Equity Securities | Fair Value, Measurements, Recurring

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 2 | Debt Securities | Fair Value, Measurements, Recurring

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 2 | Insurance Contracts | Fair Value, Measurements, Recurring

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 2 | Cash and Other | Fair Value, Measurements, Recurring

^[2]

2,194

3,334

^[3]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Deferred Compensation Plan, Fair Value of Plan Liability

Loss Contingency Accrual

(31,419)

(42,378)

^[1]

Net effect of financial asset less financial liability

(42,378)

Fair Value, Inputs, Level 3 | U.S. Equity Securities | Fair Value, Measurements, Recurring

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 3 | Foreign Equity Securities | Fair Value, Measurements, Recurring

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 3 | Debt Securities | Fair Value, Measurements, Recurring

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Level 3 | Cash and Other | Fair Value, Measurements, Recurring

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Net Asset Value | Fair Value, Measurements, Recurring

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Net Asset Value | Hedge Funds | Fair Value, Measurements, Recurring

^[2]

602,088

591,260

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Net Asset Value | U.S. Equity Securities | Fair Value, Measurements, Recurring

^[2]

328,511

326,298

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Net Asset Value | Foreign Equity Securities | Fair Value, Measurements, Recurring

^[2],[3]

19,848

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Net Asset Value | Debt Securities | Fair Value, Measurements, Recurring

^[2]

109,525

88,933

^[3]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Net Asset Value | Real Estate | Fair Value, Measurements, Recurring

^[2]

102,531

95,634

^[3]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Inputs, Net Asset Value | Commodities | Fair Value, Measurements, Recurring

^[2]

42,996

42,869

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Long-term rate of return on plan assets

^[2]

$ 18,525

$ 17,678

^[3]

[1]	The fair value of the Champion Europe contingent consideration had not changed since the date of acquisition, other than from the foreign exchange translation impact between periods.
[2]	Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the tables above are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheets.
[3]	The Company’s presentation of fair value hierarchy table has been revised to remove certain defined benefit pension plan assets from the fair value hierarchy to reflect the use of the net asset value as a practical expedient to value these assets in order to conform with ASU 2015-07, “Fair Value Measurement (Topic 820).” This change is not material to the consolidated financial statements and does not have an impact on the Company’s financial condition, results of operations or cash flows.

Defined Benefit Pension Plans - Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Disclosure Defined Benefit Pension Plans Components Of Net Periodic Benefit Cost And Other Amounts Recognized In Other Comprehensive Loss [Abstract]
Service cost	$ 2,216	$ 1,856	$ 2,478
Interest cost	40,830	42,061	49,202
Expected return on assets	(41,780)	(47,621)	(55,127)
Curtailments	154	(489)	0
Settlement cost	23	115	25
Amortization of:
Prior service cost	9	9	22
Net actuarial loss	19,053	17,052	14,551
Net periodic benefit cost	20,505	12,983	11,151
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
Net loss	15,186	41,921	3,813
Prior service credit (cost)	(380)	(9)	22
Total loss recognized in other comprehensive income	14,806	41,912	3,835
Total recognized in net periodic benefit cost and other comprehensive income	$ 35,311	$ 54,895	$ 14,986

Defined Benefit Pension Plans - Funded Status of Company's Defined Benefit Pension Plans (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Disclosure Defined Benefit Pension Plans Funded Status Of Companys Defined Benefit Pension Plans [Abstract]
Defined Benefit Plan, Plan Assets, Payment for Settlement	$ (688)	$ (2,360)
Curtailments	187	(1,053)
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Settlement	(688)	(2,360)
Benefit obligation:
Beginning of year	1,197,189	1,172,267
Service cost	2,216	1,856	$ 2,478
Interest cost	40,830	42,061
Plan amendment	(370)	0
Benefits paid	(57,464)	(56,576)
Impact of exchange rate change	9,453	(1,976)
Business combination	0	4,547
Actuarial loss	86,414	36,671
End of year	1,277,722	1,197,189	1,172,267
Fair value of plan assets:
Beginning of year	827,169	809,217
Actual return on plan assets	94,957	24,758
Employer contributions	6,376	47,203
Benefits paid	57,464	56,576
Business combination	0	4,776
Impact of exchange rate change	2,381	178
End of year	872,686	827,169	$ 809,217
Funded status	(405,036)	(370,020)
Defined Benefit Plan, Other Cost (Credit)	(45)	(27)
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Other Change	$ (45)	$ 1,752

Defined Benefit Pension Plans - Accumulated Benefit Obligation and Fair Value of Plan Assets with Accumulated Benefit Obligations in Excess of Plan Assets (Detail) - USD ($) $ in Thousands	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Disclosure Defined Benefit Pension Plans Accumulated Benefit Obligation And Fair Value Of Plan Assets With Accumulated Benefit Obligations In Excess Of Plan Assets [Abstract]
Benefit obligation	$ 1,277,722	$ 1,197,189	$ 1,172,267
Defined Benefit Plan, Plan with Benefit Obligation in Excess of Plan Assets, Benefit Obligation	1,245,844	1,167,871
Plans with benefit obligation in excess of plan assets:
Fair value of plan assets	$ 842,168	$ 799,191

Defined Benefit Pension Plans - Amounts Recognized in Company's Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 30, 2017	Dec. 31, 2016
Disclosure Defined Benefit Pension Plans Amounts Recognized In Companys Consolidated Balance Sheets [Abstract]
Current liabilities	$ (3,663)	$ (3,605)
Noncurrent liabilities	(401,749)	(366,822)
Accumulated other comprehensive loss	$ (618,416)	$ (603,610)

Defined Benefit Pension Plans - Amounts Recognized in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	Dec. 30, 2017	Dec. 31, 2016
Disclosure Defined Benefit Pension Plans Amounts Recognized In Accumulated Other Comprehensive Loss [Abstract]
Prior service cost	$ (163)	$ 216
Actuarial loss	618,579	603,394
Accumulated other comprehensive loss	$ 618,416	$ 603,610

Defined Benefit Pension Plans - Weighted Average Actuarial Assumptions Used in Measuring Net Periodic Benefit Cost and Plan Obligation (Detail)

12 Months Ended

Dec. 30, 2017

Dec. 31, 2016

Jan. 02, 2016

Net periodic benefit cost:

Discount rate

4.15%

4.43%

5.21%

5.80%

5.61%

Rate of compensation increase

^[1]

3.84%

3.51%

Plan obligations:

Discount rate

3.60%

4.15%

4.04%

Rate of compensation increase

^[1]

4.40%

3.84%

3.51%

[1]	The compensation increase assumption applies to the international plans and portions of the nonqualified retirement plans, as benefits under these plans were not frozen at December 30, 2017, December 31, 2016 and January 2, 2016.

Defined Benefit Pension Plans - Allocation of Pension Plan Assets (Detail)	Dec. 30, 2017	Dec. 31, 2016
Hedge Funds
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	38.00%	39.00%
U.S. Equity Securities
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	20.00%	20.00%
Debt Securities
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	18.00%	17.00%
Foreign Equity Securities
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	17.00%	15.00%
Real Estate
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	5.00%	5.00%
Commodity [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	2.00%	2.00%
Insurance Contracts
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	0.00%	1.00%
Cash and Cash Equivalents [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Pension plan assets allocation percentage	0.00%	1.00%

Defined Benefit Pension Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Estimated net loss that will be amortized from accumulated other comprehensive loss	$ 19,949
Estimated prior service credit that will be amortized from accumulated other comprehensive loss	(6)
Target asset allocation period		5 years
End of year	872,686	$ 827,169	$ 809,217
Expected benefit payments, 2017	62,043
Expected benefit payments, 2018	64,066
Expected benefit payments, 2019	65,179
Expected benefit payments, 2020	69,600
Expected benefit payments, 2021	70,444
Expected benefit payments, Thereafter	367,269
Nonretirement postemployment benefit plans liability	52,943	48,330
Nonretirment postemployement benefit plans expense	2,778	1,824
Fair Value, Measurements, Recurring
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
End of year	270,598	235,909
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 1
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
End of year	268,404	232,575
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 2
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
End of year	2,194	3,334
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 3
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
End of year	$ 0	$ 0

Income Taxes - Provision for Income Tax Computed by Applying U.S. Statutory Rate to Income Before Taxes as Reconciled to Actual Provisions (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Disclosure Income Taxes Provision For Income Tax Computed By Applying U S Statutory Rate To Income Before Taxes As Reconciled To Actual Provisions [Abstract]
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate,EPS	$ 0.01	$ 0.00	$ 0
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$ 2,800	$ 1,300	$ 2,200
Domestic	(6.60%)	(10.20%)	5.60%
Foreign	106.60%	110.20%	94.40%
Total	100.00%	100.00%	100.00%
Tax expense at U.S. statutory rate	35.00%	35.00%	35.00%
State income tax	0.20%	(0.70%)	1.10%
Tax on remittance of foreign earnings	0.50%	9.90%	9.10%
Tax on remittance of foreign earnings due to U.S. tax reform	67.00%
Revaluation of net deferred tax assets due to U.S. tax reform	14.30%
Foreign taxes less than U.S. statutory rate	(27.40%)	(38.50%)	(30.80%)
Employee benefits	(0.20%)	(0.70%)	0.40%
Change in valuation allowance	0.10%	1.20%	2.60%
Increase in unrecognized tax benefits	1.80%	0.60%	0.10%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 24,032
Release of unrecognized tax benefit reserves	(0.90%)	(0.40%)	(9.80%)
State Tax Rate Change, Net of Federal Benefit, Percent	0.10%	0.60%	2.30%
Federal and state provision to return	(2.60%)	(0.70%)	(0.40%)
Other, net	0.20%	(0.30%)	(0.10%)
Taxes at effective worldwide tax rates	88.10%	6.00%	9.50%

Income taxes - Current and Deferred Tax Provisions (Benefits) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Disclosure Income Taxes Current And Deferred Tax Provisions Benefits [Abstract]
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$ 2,800	$ 1,300	$ 2,200
Domestic, current	154,751	2,768	(2,294)
Foreign, current	10,603	38,257	32,067
State, current	68,857	2,083	4,395
Current Total	234,211	43,108	34,168
Deferred, Domestic	260,393	34,590	9,437
Deferred, Foreign	(15,098)	(34,232)	(10,235)
Deferred, State	(6,227)	(9,194)	11,648
Deferred, Total	239,068	(8,836)	10,850
Total, Domestic	415,144	37,358	7,143
Total, Foreign	(4,495)	4,025	21,832
Total, State	62,630	(7,111)	16,043
Total, Current and deferred tax provisions (benefits)	$ 473,279	$ 34,272	$ 45,018

Income Taxes - Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016	Dec. 28, 2013
Deferred tax assets:
Nondeductible reserves	$ 1,859	$ 1,962
Inventories	57,857	123,507
Property and equipment	0	3,322
Bad debt allowance	7,363	6,965
Accrued expenses	14,399	20,351
Employee benefits	143,970	181,148
Tax credits	10,140	45,783
Net operating loss and other tax carryforwards	142,064	210,284
Derivatives	3,305	0
Other	17,305	20,355
Gross deferred tax assets	398,262	613,677
Less valuation allowances	(72,602)	(67,451)	$ (61,358)	$ (43,757)
Deferred tax assets	325,660	546,226
Deferred Tax Liabilities, Net [Abstract]
Property and equipment	4,455	0
Derivatives	0	5,103
Intangibles	120,033	121,674
Prepaids	3,932	5,728
Deferred tax liabilities	128,420	132,505
Net deferred tax assets	$ 197,240	$ 413,721

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016	Dec. 28, 2013
Unrecognized Tax Benefits [Line Items]
Income tax expense	$ 473,279,000	$ 34,272,000	$ 45,018,000
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$ 2,800,000	1,300,000	$ 2,200,000
Effective rate reconciliation, federal statutory income tax rate, per diluted share	$ 0.01		$ 0.01
Valuation allowance for deferred tax assets	$ 72,602,000	67,451,000	$ 61,358,000	$ 43,757,000
Document Fiscal Year Focus	2017
Net change in the total valuation allowance, including foreign currency fluctuations	$ 5,151,000
Net operating loss carryforwards, approximately, for foreign jurisdictions	324,833,000
Tax credit carryforwards, Total	$ 10,140,000
Years after which tax credit carryforwards expires	beginning after 2020
Recognized Benefit Related to Realization of Unrecognized Tax Benefit Resulting from Expiration of Statutes of Limitations	$ 4,227,000	4,146,000
Reduction of unrecognized tax benefits	$ 4,963,000
Unrecognized tax benefits increase or decrease	12 months
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 24,032,000
Interest and penalties classified as income tax expense in the Consolidated Statement of Income	760,000	549,000	$ 3,669,000
Interest and penalties accrued related to unrecognized tax benefits	4,011,000	$ 3,251,000
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	56,427,000
Federal
Unrecognized Tax Benefits [Line Items]
Net operating loss carryforwards	12,810,000
State
Unrecognized Tax Benefits [Line Items]
Net operating loss carryforwards	916,529,000
Valuation Allowance, Operating Loss Carryforwards [Member]
Unrecognized Tax Benefits [Line Items]
Valuation allowance for deferred tax assets	9,061,000
Valuation Allowance, Operating Loss Carryforwards [Member] \| Foreign Tax Authority
Unrecognized Tax Benefits [Line Items]
Valuation allowance for deferred tax assets	48,862,000
Net change in the total valuation allowance, including foreign currency fluctuations	11,725,000
Valuation Allowance, Operating Loss Carryforwards [Member] \| Federal and State
Unrecognized Tax Benefits [Line Items]
Net change in the total valuation allowance, including foreign currency fluctuations	(6,574,000)
Other Foreign Deferred Tax Assets [Member]
Unrecognized Tax Benefits [Line Items]
Valuation allowance for deferred tax assets	14,679,000
Domestic Deferred Tax Assets \| Tax Cuts and Jobs Act
Unrecognized Tax Benefits [Line Items]
Income tax expense	72,333
One-time provisional transition \| Tax Cuts and Jobs Act
Unrecognized Tax Benefits [Line Items]
Income tax expense	359,938
Additional provisional \| Tax Cuts and Jobs Act
Unrecognized Tax Benefits [Line Items]
Income tax expense	$ 2,971

Income Taxes - Net Operating Loss Carryforwards (Detail) $ in Thousands	Dec. 30, 2017 USD ($)
Disclosure Income Taxes Net Operating Loss Carryforwards [Abstract]
2018	$ 8,671
2019	23,809
2020	4,435
2021	6,326
2022	2,676
Thereafter	$ 278,916

Income Taxes - Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Disclosure Income Taxes Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits [Abstract]
Unrecognized Tax Benefits, Gross	$ 26,175	$ 20,688	$ 20,085
Beginning Balance	19,696	19,780
Additions based on tax positions related to the current year	7,902	4,648
Additions for tax positions of prior years	36	106
Reductions for tax positions of prior years	(3,602)	(4,838)
Ending Balance	$ 24,032	$ 19,696	$ 19,780
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate,EPS	$ 0.01	$ 0.00	$ 0
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$ 2,800	$ 1,300	$ 2,200

Income Taxes Summary of changes in valuation allowance (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 30, 2017

Dec. 31, 2016

Jan. 02, 2016

Dec. 28, 2013

Valuation Allowance [Line Items]

Valuation allowance for deferred tax assets

$ 72,602

$ 67,451

$ 61,358

$ 43,757

Change in valuation allowance

5,151

Charged to expense

Valuation Allowance [Line Items]

Change in valuation allowance

729

6,859

12,224

Charged to other accounts

Valuation Allowance [Line Items]

Change in valuation allowance

$ 4,422

^[1]

$ (766)

$ 5,377

^[1]

[1]	Charges to other accounts include the effects of foreign currency translation and purchase accounting adjustments.

Stockholders' Equity - Additional Information (Detail) $ / shares in Units, $ in Thousands						1 Months Ended		12 Months Ended
	Dec. 05, 2017 $ / shares	Sep. 06, 2017 $ / shares	Jun. 06, 2017 $ / shares	Mar. 07, 2017 $ / shares	Mar. 03, 2015	Feb. 28, 2018 $ / shares	Jan. 28, 2017 $ / shares	Dec. 30, 2017 USD ($) $ / shares shares	Dec. 31, 2016 USD ($) $ / shares shares	Jan. 02, 2016 USD ($) $ / shares	Apr. 27, 2016 shares	Dec. 29, 2007 shares
Class of Stock [Line Items]
Preferred stock, shares issued								0	0
Preferred stock, shares outstanding								0	0
Common stock, shares authorized								2,000,000,000	2,000,000,000
Common stock, par value (in dollars per share) \| $ / shares								$ 0.01	$ 0.01
Preferred stock, shares authorized								50,000,000	50,000,000
Preferred stock, par value (in dollars per share) \| $ / shares								$ 0.01	$ 0.01
Common stock, shares issued								360,125,894	378,687,052
Common stock, shares outstanding								360,125,894	378,687,052
Document Fiscal Year Focus								2017
Common stock repurchased, Cost \| $								$ 400,017	$ 379,901	$ 351,495
Dividends declared, common stock \| $ / shares							$ 0.15		$ 0.11	$ 0.1
Common Stock, Dividends, Per Share, Cash Paid \| $ / shares	$ 0.15	$ 0.15	$ 0.15	$ 0.15
Stock Split, Conversion Ratio					4
Percent of dividend paid in stock					300.00%
2016 Share Repurchase Plan
Class of Stock [Line Items]
Repurchase of common stock, Authority granted											40,000,000
Common Stock, Repurchased								19,640,000
Common stock repurchased, Cost \| $								$ 400,017
Common stock repurchased, Average price \| $ / shares								$ 20.35
Remaining number of shares authorized for repurchase								20,360,000
2007 Share Repurchase Plan
Class of Stock [Line Items]
Repurchase of common stock, Authority granted												40,000,000
Common Stock, Repurchased								19,640,000	14,243,000
Common stock repurchased, Cost \| $								$ 400,017	$ 379,901
Common stock repurchased, Average price \| $ / shares								$ 20.35	$ 26.65
Subsequent Event
Class of Stock [Line Items]
Dividends declared, common stock \| $ / shares						$ 0.15

Business Segment Information - Net Sales (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 30, 2017	Sep. 30, 2017	Jul. 01, 2017	Apr. 01, 2017	Dec. 31, 2016	Oct. 01, 2016	Jul. 02, 2016	Apr. 02, 2016	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Net sales:
Net sales	$ 1,645,175	$ 1,799,270	$ 1,646,610	$ 1,380,355	$ 1,575,309	$ 1,761,019	$ 1,472,731	$ 1,219,140	$ 6,471,410	$ 6,028,199	$ 5,731,549
Innerwear
Net sales:
Net sales									2,462,876	2,543,717	2,609,402
Outerwear
Net sales:
Net sales									1,654,278	1,601,108	1,605,423
Direct to Consumer
Net sales:
Net sales									299,592	351,461	384,087
International
Net sales:
Net sales									$ 2,054,664	$ 1,531,913	$ 1,132,637

Business Segment Information - Segment Operating Profit (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2017	Dec. 31, 2016	Jan. 02, 2016
Segment operating profit:
General corporate expenses	$ (89,690)	$ (64,995)	$ (106,379)
Acquisition, integration and other action-related charges	(192,752)	(138,519)	(266,060)
Amortization of intangibles	(34,892)	(22,118)	(23,737)
Total operating profit	723,068	775,649	595,118
Other expenses	(11,363)	(51,758)	(3,210)
Interest expense, net	(174,435)	(152,692)	(118,035)
Income from continuing operations before income tax expense	537,270	571,199	473,873
Innerwear
Segment operating profit:
Total operating profit	528,038	563,905	596,634
Outerwear
Segment operating profit:
Total operating profit	227,589	224,658	245,563
Direct to Consumer
Segment operating profit:
Total operating profit	23,364	32,801	43,582
International
Segment operating profit:
Total operating profit	261,411	179,917	105,515
Operating Segments
Segment operating profit:
Total operating profit	$ 1,040,402	$ 1,001,281	$ 991,294

Business Segment Information - Assets (Detail) - USD ($)
$ in Thousands

Dec. 30, 2017

Dec. 31, 2016

Assets:

Disposal Group, Including Discontinued Operation, Assets, Current

$ 6,894,775

$ 6,930,480

45,897

Corporate, Non-Segment

Assets:

^[1]

3,016,802

3,132,042

Operating Segments

Assets:

Operating Segments | Innerwear

3,877,973

3,752,541

Assets:

Operating Segments | Outerwear

1,578,023

1,604,088

Assets:

Operating Segments | Direct to Consumer

872,132

874,006

Assets:

Operating Segments | International

151,980

160,475

Assets: