Acquisitions (Tables)

6 Months Ended

Jul. 02, 2016

Schedule of acquired assets and liabilities assumed

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



Cash and cash equivalents	$	14,458
Trade accounts receivable, net	31,746
Inventories	50,525
Other current assets	5,347
Property, net	24,507
Trademarks and other identifiable intangibles	135,277
Deferred tax assets and other noncurrent assets	4,222
Total assets acquired	266,082
Accounts payable	67,558
Accrued liabilities and other (including contingent consideration)	61,587
Notes payable	24,506
Deferred tax liabilities and other noncurrent liabilities	20,804
Total liabilities assumed and contingent consideration	174,455
Net assets acquired	91,627
Goodwill	108,165
Initial consideration paid	199,792
Estimated contingent consideration	45,277
Total purchase price	$	245,069

Business Acquisition, Pro Forma Information [Table Text Block]

Unaudited pro forma results of operations for the Company are presented below assuming that the 2016 acquisition of Champion Europe had occurred on January 4, 2015. Pro forma operating results for the quarter and six months ended July 4, 2015 include expenses totaling $2,440 and $3,900 respectively, for acquisition-related adjustments.



	Quarter Ended				Six Months Ended
	July 2, 2016		July 4, 2015		July 2, 2016		July 4, 2015
Net sales	$	1,520,013	$	1,564,803	$	2,800,512	$	2,830,992
Net income	134,738		89,161		218,780		144,393
Earnings per share:
Basic	$	0.36	$	0.22	$	0.57	$	0.36
Diluted	0.35		0.22		0.57		0.35

Knights Apparel

Business Acquisition [Line Items]

Schedule of acquired assets and liabilities assumed

The acquired assets and assumed liabilities at the date of acquisition (April 6, 2015) include the following:




Cash and cash equivalents	$	59
Trade accounts receivable	14,879
Inventories	22,820
Deferred tax assets and other	5,741
Trademarks and other identifiable intangibles	59,950
Total assets acquired	103,449
Accounts payable, accrued liabilities and other	6,807
Deferred tax liabilities and other noncurrent liabilities	18,142
Total liabilities assumed	24,949
Net assets acquired	78,500
Goodwill	114,388
Purchase price	$	192,888

Business Acquisition, Pro Forma Information [Table Text Block]

Unaudited pro forma results of operations for the Company are presented below for quarter-to-date and year-to-date assuming that the 2015 acquisition of Knights Apparel had occurred on December 29, 2013. Pro forma operating results for the six months ending June 4, 2015 include expenses totaling $6,628 for acquisition-related charges.



	Quarter Ended				Six Months Ended
	July 2, 2016		July 4, 2015		July 2, 2016		July 4, 2015
Net sales	$	1,472,731	$	1,522,033	$	2,691,871	$	2,753,111
Net income	128,143		100,206		208,412		150,607
Earnings per share:
Basic	$	0.34	$	0.25	$	0.54	$	0.37
Diluted	0.34		0.25		0.54		0.37