10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended July 4, 2015

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                     to                     

Commission file number: 001-32891

Hanesbrands Inc.

(Exact name of registrant as specified in its charter)

Maryland	20-3552316
(State of incorporation)	(I.R.S. employer identification no.)
1000 East Hanes Mill Road Winston-Salem, North Carolina	27105
(Address of principal executive office)	(Zip code)

(336) 519-8080

(Registrant’s telephone number including area code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

As of July 24, 2015, there were 402,476,788 shares of the registrant’s common stock outstanding.

TABLE OF CONTENTS

		Page
Forward-Looking Statements		1
Where You Can Find More Information		1
PART I
Item 1.	Financial Statements (unaudited):
	Condensed Consolidated Statements of Income for the quarters and six months ended July 4, 2015 and June 28, 2014	2
	Condensed Consolidated Statements of Comprehensive Income for the quarters and six months ended July 4, 2015 and June 28, 2014	3
	Condensed Consolidated Balance Sheets at July 4, 2015 and January 3, 2015	4
	Condensed Consolidated Statements of Cash Flows for the six months ended July 4, 2015 and June 28, 2014	5
	Notes to Condensed Consolidated Financial Statements	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	22
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	32
Item 4.	Controls and Procedures	32
PART II
Item 1.	Legal Proceedings	33
Item 1A.	Risk Factors	33
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	33
Item 3.	Defaults Upon Senior Securities	33
Item 4.	Mine Safety Disclosures	33
Item 5.	Other Information	33
Item 6.	Exhibits	33
Signatures		34
Index to Exhibits		E-1

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can generally be identified by the use of words such as “may,” “believe,” “will,” “expect,” “project,” “estimate,” “intend,” “anticipate,” “plan,” “continue” or similar expressions. In particular, statements under the heading “Outlook” and other information appearing under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” include forward-looking statements. Forward-looking statements inherently involve many risks and uncertainties that could cause actual results to differ materially from those projected in these statements.

Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is based on the current plans and expectations of our management, expressed in good faith and believed to have a reasonable basis. However, there can be no assurance that the expectation or belief will result or will be achieved or accomplished. More information on factors that could cause actual results or events to differ materially from those anticipated is included from time to time in our reports filed with the Securities and Exchange Commission (the “SEC”), including this Quarterly Report on Form 10-Q and our Annual Report on Form 10-K for the year ended January 3, 2015, under the caption “Risk Factors,” as well as on the “Investors” section of our corporate website, www.Hanes.com/investors.

All forward-looking statements speak only as of the date of this Quarterly Report on Form 10-Q and are expressly qualified in their entirety by the cautionary statements included in this Quarterly Report on Form 10-Q or our Annual Report on Form 10-K for the year ended January 3, 2015, particularly under the caption “Risk Factors.” We undertake no obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.

WHERE YOU CAN FIND MORE INFORMATION

We file annual, quarterly and current reports, proxy statements and other information with the SEC. You can read our SEC filings over the Internet at the SEC’s website at www.sec.gov. To receive copies of public records not posted to the SEC’s web site at prescribed rates, you may complete an online form at www.sec.gov, send a fax to (202) 772-9337 or submit a written request to the SEC, Office of FOIA/PA Operations, 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information.

We make available free of charge at www.Hanes.com/investors (in the “Investors” section) copies of materials we file with, or furnish to, the SEC. By referring to our corporate website, www.Hanes.com/corporate, or any of our other websites, we do not incorporate any such website or its contents into this Quarterly Report on Form 10-Q.

1

PART I

Item 1. Financial Statements

HANESBRANDS INC.

Condensed Consolidated Statements of Income

(in thousands, except per share amounts)

(unaudited)

	Quarters Ended				Six Months Ended
	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Net sales	$	1,522,033	$	1,342,052	$	2,730,954	$	2,401,422
Cost of sales	953,808		837,698		1,716,498		1,540,291
Gross profit	568,225		504,354		1,014,456		861,131
Selling, general and administrative expenses	429,292		297,230		785,592		582,219
Operating profit	138,933		207,124		228,864		278,912
Other expenses	830		660		1,212		1,095
Interest expense, net	29,020		21,119		55,907		42,937
Income before income tax expense	109,083		185,345		171,745		234,880
Income tax expense	14,181		30,767		24,207		38,742
Net income	$	94,902	$	154,578	$	147,538	$	196,138
Earnings per share:
Basic	$	0.23	$	0.38	$	0.37	$	0.49
Diluted	$	0.23	$	0.38	$	0.36	$	0.48

See accompanying notes to Condensed Consolidated Financial Statements.

2

HANESBRANDS INC.

Condensed Consolidated Statements of Comprehensive Income

(in thousands)

(unaudited)

	Quarters Ended					Six Months Ended
	July 4, 2015			June 28, 2014		July 4, 2015		June 28, 2014
Net income	$	94,902		$	154,578	$	147,538	$	196,138
Other comprehensive income (loss), net of tax of $106, ($481), ($3,734) and ($1,288), respectively	(506		)	3,968		4,337		3,187
Comprehensive income	$	94,396		$	158,546	$	151,875	$	199,325

See accompanying notes to Condensed Consolidated Financial Statements.

3

HANESBRANDS INC.

Condensed Consolidated Balance Sheets

(in thousands, except share and per share amounts)

(unaudited)

	July 4, 2015			January 3, 2015
Assets
Cash and cash equivalents	$	315,354		$	239,855
Trade accounts receivable, net	835,299			672,048
Inventories	1,766,761			1,537,200
Deferred tax assets	214,468			215,065
Other current assets	164,440			101,064
Total current assets	3,296,322			2,765,232
Property, net	658,789			674,379
Trademarks and other identifiable intangibles, net	713,783			691,201
Goodwill	835,027			723,120
Deferred tax assets	291,073			294,347
Other noncurrent assets	77,387			73,502
Total assets	$	5,872,381		$	5,221,781
Liabilities and Stockholders’ Equity
Accounts payable	$	661,369		$	621,220
Accrued liabilities	472,938			495,627
Notes payable	112,818			144,438
Accounts Receivable Securitization Facility	232,134			210,963
Current portion of long-term debt	34,431			14,354
Total current liabilities	1,513,690			1,486,602
Long-term debt	2,217,760			1,613,997
Pension and postretirement benefits	364,433			472,003
Other noncurrent liabilities	324,726			262,407
Total liabilities	4,420,609			3,835,009
Stockholders’ equity:
Preferred stock (50,000,000 authorized shares; $.01 par value)
Issued and outstanding — None	—			—
Common stock (2,000,000,000 authorized shares; $.01 par value)
Issued and outstanding — 402,476,510 and 400,789,120, respectively	4,025			4,008
Additional paid-in capital	285,504			290,926
Retained earnings	1,530,495			1,464,427
Accumulated other comprehensive loss	(368,252		)	(372,589		)
Total stockholders’ equity	1,451,772			1,386,772
Total liabilities and stockholders’ equity	$	5,872,381		$	5,221,781

See accompanying notes to Condensed Consolidated Financial Statements.

4

HANESBRANDS INC. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited)
	Six Months Ended
	July 4, 2015			June 28, 2014
Operating activities:
Net income	$	147,538		$	196,138
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization of long-lived assets	50,807			46,040
Amortization of debt issuance costs	3,412			2,853
Stock compensation expense	6,460			8,554
Deferred taxes and other	(6,021		)	(4,611		)
Changes in assets and liabilities, net of acquisition of business:
Accounts receivable	(164,334		)	(200,973		)
Inventories	(228,738		)	(117,576		)
Other assets	(26,925		)	6,560
Accounts payable	56,241			93,954
Accrued liabilities and other	(71,508		)	(26,001		)
Net cash from operating activities	(233,068		)	4,938
Investing activities:
Purchases of property, plant and equipment	(56,238		)	(24,585		)
Proceeds from sales of assets	5,145			4,918
Acquisition of business, net of cash acquired	(193,461		)	—
Net cash from investing activities	(244,554		)	(19,667		)
Financing activities:
Borrowings on notes payable	177,730			66,737
Repayments on notes payable	(200,706		)	(61,957		)
Borrowings on Accounts Receivable Securitization Facility	134,339			115,609
Repayments on Accounts Receivable Securitization Facility	(113,168		)	(72,399		)
Borrowings on Revolving Loan Facility	2,794,000			1,782,500
Repayments on Revolving Loan Facility	(2,970,500		)	(1,726,500		)
Repayments on Euro Term Loan Facility	(2,004		)	—
Borrowings on Term Loan A Facility	425,000			—
Repayments on Term Loan A Facility	(5,313		)	—
Borrowings on Term Loan B Facility	425,000			—
Repayments on Term Loan B Facility	(1,063		)	—
Cash dividends paid	(81,470		)	(59,731		)
Taxes paid related to net shares settlement of equity awards	(47,432		)	(10,342		)
Excess tax benefit from stock-based compensation	34,127			7,895
Debt issuance costs and other	(11,839		)	806
Net cash from financing activities	556,701			42,618
Effect of changes in foreign exchange rates on cash	(3,580		)	(135		)
Change in cash and cash equivalents	75,499			27,754
Cash and cash equivalents at beginning of year	239,855			115,863
Cash and cash equivalents at end of period	$	315,354		$	143,617

See accompanying notes to Condensed Consolidated Financial Statements.

5

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements

(dollars and shares in thousands, except per share data)

(unaudited)

(1) Basis of Presentation

These statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and, in accordance with those rules and regulations, do not include all information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Management believes that the disclosures made are adequate for a fair statement of the results of operations, financial condition and cash flows of Hanesbrands Inc., a Maryland corporation, and its consolidated subsidiaries (the “Company” or “Hanesbrands”). In the opinion of management, the condensed consolidated interim financial statements reflect all adjustments, which consist only of normal recurring adjustments, necessary to state fairly the results of operations, financial condition and cash flows for the interim periods presented herein. The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make use of estimates and assumptions that affect the reported amounts and disclosures. Actual results may vary from these estimates. A subsidiary of the Company closes one week earlier than the Company’s consolidated quarter end. The difference in reporting one week of financial information for this subsidiary did not have a material impact on the Company’s financial condition, results of operations or cash flows.

Certain prior year amounts in the notes to condensed consolidated financial statements, none of which are material, have been reclassified to conform with the current year presentation. These reclassifications had no impact on the Company’s results of operations.

These condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s most recent Annual Report on Form 10-K. The results of operations for any interim period are not necessarily indicative of the results of operations to be expected for the full year.

(2) Recent Accounting Pronouncements

Revenue from Contracts with Customers

In July 2015, the FASB decided to delay effective dates for the new accounting rules related to revenue recognition for contracts with customers by one year. The new standard will be effective for the Company in the first quarter of 2018 with retrospective application required. 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.

Debt Issuance Costs

In April 2015, the FASB issued new accounting rules, which require debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. The new rules will be effective for the Company in the first quarter of 2016. 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 or cash flows.

6

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

(3) Acquisitions

Knights Apparel

On April 6, 2015, the Company completed the acquisition of Knights Holdco, Inc. (“Knights Apparel”), a leading seller of licensed collegiate logo apparel in the mass retail channel, from Merit Capital Partners in an all cash transaction valued at approximately $193,520 on an enterprise value basis. The Company funded the acquisition with cash on hand and short-term borrowings under its Revolving Loan Facility.

The Knights Apparel and Pro Edge trademarks and brand names, which management believes to have indefinite lives, have been valued at $12,000. Amortizable intangible assets have been assigned values of $31,200 for license agreements, $14,500 for distribution networks, and $2,250 for non-compete agreements. License agreements are being amortized over 14 years. Distributor relationships are being amortized over 12 years. Non-compete agreements are being amortized over one year.

Knights Apparel contributed net revenues of $37,100 and $5,031 of pretax earnings since the date of acquisition. The results of Knights Apparel have been included in the Company’s consolidated financial statements since the date of acquisition and are reported as part of the Activewear segment.

Factors that contribute to the amount of goodwill recognized for the acquisition include the value of the existing work force and 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 allocation of purchase price is preliminary and subject to change. The primary areas of the purchase price that are not yet finalized are related to certain income taxes and residual goodwill. Accordingly, adjustments will be made to the values of the assets acquired and liabilities assumed as additional information is obtained about the facts and circumstances, which existed at the valuation date. 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	2,190
Trademarks and other identifiable intangibles	59,950
Total assets acquired	99,898
Accounts payable	3,742
Accrued liabilities and other	3,065
Deferred tax liabilities and other noncurrent liabilities	19,964
Total liabilities assumed	26,771
Net assets acquired	73,127
Goodwill	120,393
Purchase price	$	193,520

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.

	Quarters Ended				Six Months Ended
	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Net sales	$	1,522,033	$	1,371,070	$	2,753,111	$	2,449,092
Net income	100,206		154,789		150,607		188,126
Earnings per share:
Basic	$	0.25	$	0.39	$	0.37	$	0.47
Diluted	0.25		0.38		0.37		0.46

7

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

DBApparel Acquisition

In August 2014, MFB International Holdings S.à r.l. (“MF Lux”), a wholly owned subsidiary of the Company, acquired DBA Lux Holding S.A. (“Innerwear Europe”) from SLB Brands Holdings, Ltd and certain individual Innerwear Europe shareholders in an all-cash transaction equal to €400,000 enterprise value less net debt and working capital adjustments as defined in the purchase agreement. Total purchase price was €297,031 (approximately $391,861 based on acquisition date exchange rates). The acquisition was financed through a combination of cash on hand and third-party borrowings.

Innerwear Europe is a leading marketer of intimate apparel, hosiery and underwear in Europe with a portfolio of strong brands including DIM, Nur Die/Nur Der and Lovable. The Company believes the acquisition will create growth and cost savings opportunities and increased scale to serve retailers. Innerwear Europe utilizes a mix of self-owned manufacturing and third-party manufacturers. Factors that contribute to the amount of goodwill recognized for the acquisition include the value of the existing work force and 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 allocation of purchase price is preliminary and subject to change. For the quarter ended July 4, 2015, the Company has not recorded any purchase price adjustments. The primary areas of the purchase price that are not yet finalized are related to certain income taxes and residual goodwill. Accordingly, adjustments will be made to the values of the assets acquired and liabilities assumed as additional information is obtained about the facts and circumstances that existed at the valuation date.

(4) Earnings Per Share and Dividends

Basic earnings per share (“EPS”) was computed by dividing net income by the number of weighted average shares of common stock outstanding. Diluted EPS was calculated to give effect to all potentially dilutive shares of common stock using the treasury stock method. On March 3, 2015, the Company implemented a four-for-one stock split on the Company’s common stock in the form of a 300% stock dividend. All references to the number of shares outstanding, per share amounts and share options data of the Company’s common shares have been restated to reflect the effect of the split for all periods presented.

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

	Quarters Ended		Six Months Ended
	July 4, 2015	June 28, 2014	July 4, 2015	June 28, 2014
Basic weighted average shares outstanding	403,949	401,920	403,819	401,728
Effect of potentially dilutive securities:
Stock options	2,091	4,652	2,150	4,844
Restricted stock units	1,468	1,656	1,399	1,572
Employee stock purchase plan and other	2	—	16	—
Diluted weighted average shares outstanding	407,510	408,228	407,384	408,144

For the quarters and six months ended July 4, 2015 and June 28, 2014, there were no options or restricted stock units excluded from the diluted earnings per share calculation because their effect would be anti-dilutive.

For the quarters ended July 4, 2015 and June 28, 2014, the company declared and paid cash dividends of $0.10 per share. For the six months ended July 4, 2015 and June 28, 2014, the company declared and paid cash dividends of $0.20 per share.

(5) Inventories

Inventories consisted of the following:

	July 4, 2015		January 3, 2015
Raw materials	$	179,215	$	155,073
Work in process	188,594		164,686
Finished goods	1,398,952		1,217,441
	$	1,766,761	$	1,537,200

8

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

(6) Debt

Debt consisted of the following:

	Interest Rate as of July 4, 2015	Principal Amount				Maturity Date
		July 4, 2015		January 3, 2015
Senior Secured Credit Facility:
Revolving Loan Facility	—%	$	—	$	176,500	April 2020
Euro Term Loan	3.50%	397,225		436,953		August 2021
Term Loan A	1.65%	419,688		—		April 2020
Term Loan B	3.25%	423,938		—		April 2022
6.375% Senior Notes	6.38%	1,000,000		1,000,000		December 2020
Accounts Receivable Securitization Facility	1.08%	232,134		210,963		March 2016
Other International Debt	Various	11,340		14,898		Various
		2,484,325		1,839,314
Less current maturities		266,565		225,317
		$	2,217,760	$	1,613,997

On April 29, 2015, the Company refinanced its senior secured credit facility (the “Senior Secured Credit Facility”) to extend the maturity date of the revolving loan facility (the “Revolving Loan Facility”) to April 2020 and reduce the maximum borrowing capacity from $1,100,000 to $1,000,000, re-price the Revolving Loan Facility at favorable rates, and add an additional $850,000 in term loan borrowings ($425,000 for a new term loan a facility, the “Term Loan A Facility”, and $425,000 for a new term loan b facility, the “Term Loan B Facility”). The Company incurred $10,900 in fees related to this refinancing.

The Revolving Loan Facility, the Term Loan A Facility and the Term Loan B Facility are 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 certain subsidiaries. The Company and each of the guarantors under the Revolving Loan Facility, the Term Loan A Facility and the Term Loan B 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 (i) the equity interests of substantially all of the Company’s direct and indirect U.S. subsidiaries and 65% of the voting securities of certain first tier foreign subsidiaries; and (ii) 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.

All borrowings under the Revolving Loan Facility must be repaid in full upon maturity. Outstanding borrowings under the Revolving Loan Facility may be reborrowed and repaid without penalty.

Outstanding borrowings under the Term Loan A Facility are repayable in equal quarterly installments in the following annual percentages, with the remainder of the outstanding principal to be repaid at maturity: year 1, 5.0%, year 2, 7.5%, years 3 and 4, 10.0% and year 5, 15.0%.

Outstanding borrowings under the Term Loan B Facility are repayable in 0.25% quarterly installments, with the remainder of the outstanding principal to be repaid at maturity. If the Term Loan B Facility is repriced or refinanced on or prior to the twelve month anniversary of its funding and as a result of such repricing or refinancing the effective interest rate of the Term Loan B Facility 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 Facility subject to such repricing or refinancing.

The Term Loan A Facility, the Term Loan B Facility and the Company’s euro term loan facility (the “Euro Term Loan” and together with the Term Loan A Facility and the Term Loan B Facility, the “Term Loan Facility”) require the Company and its subsidiary Maidenform Luxembourg (“MF Lux”), 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 New Term Loan B Facility and the Euro Term Loan Facility also require the Company and MFB Lux, as applicable, to prepay any outstanding Term Loans under the New Term Loan B Facility and the Euro Term Loan Facility in connection with excess cash flow, which percentage will be based upon the Company’s leverage ratio during the

9

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

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.

At the Company’s option, borrowings under the Revolving Loan Facility, the Term Loan A Facility and the Term Loan B Facility may be maintained from time to time as (i) “Base Rate” loans, which bear interest at the highest of (a) 1/2 of 1% in excess of the federal funds rate, (b) the rate publicly announced by JPMorgan Chase Bank as its “prime rate” at its principal office in New York City, in effect from time to time and (c) the “LIBO Rate” (as defined in the Senior Secured Credit Facility and adjusted for maximum reserves) for LIBOR-based loans with a one-month interest period plus 1.0%, in effect from time to time, in each case plus the applicable margin, or (ii) LIBOR-based loans, which bear interest at the LIBO Rate, as determined by reference to the rate for deposits in dollars appearing on the Reuters Screen LIBOR01 or LIBOR02 Page for the respective interest period or other commercially available source designated by the Administrative Agent, in each case plus the applicable margin. The applicable margin for the Revolving Loan Facility and the Term Loan A Facility is based on the Company’s leverage ratio. When the leverage ratio is greater than or equal to 4.00 to 1.00, the applicable margin for LIBO Rate loans is 2.00% and the applicable margin for Base Rate loans is 1.00%. When the leverage ratio is less than 4.00 to 1.00 but greater than or equal to 3.25 to 1.00, the applicable margin for LIBO Rate loans is 1.75% and the applicable margin for Base Rate loans is 0.75%. When the leverage ratio is less than 3.25 to 1.00 but greater than or equal to 2.50 to 1.00, the applicable margin for LIBO Rate loans is 1.50% and the applicable margin for Base Rate loans is 0.50%. When the leverage ratio is less than 2.50 to 1.00, the applicable margin for LIBO Rate loans is 1.25% and the applicable margin for Base Rate loans is 0.25%. The applicable margin under the Term Loan B Facility is 2.50% for LIBO Rate loans and 1.50% for Base Rate loans. Borrowings under the Euro Term Loan Facility bear interest at the “EURIBOR Rate” (as defined in the Senior Secured Credit Facility) plus 2.75%.

The Senior Secured Credit Facility requires that the Company maintain a minimum interest coverage ratio and a maximum total debt to EBITDA (earnings before income taxes, depreciation expense and amortization), 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 any fiscal quarter. The leverage ratio covenant requires that the ratio of the Company’s total debt to its EBITDA for the preceding four fiscal quarters will not be more than 4.00 to 1.00; provided that, following a permitted acquisition in which the consideration is at least $200 million, such maximum leverage ratio covenant shall be increased to 4.50:1.00 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.

The Senior Secured Credit Facility contains customary events of default, including nonpayment of principal when due; nonpayment of interest after stated grace period, 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 Employee Retirement Income Security Act of 1974, as amended, or “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 July 4, 2015, the Company had $981,943 of borrowing availability under the $1,000,000 revolving credit facility under its senior secured credit facility after taking into account outstanding borrowings and $18,057 of standby and trade letters of credit issued and outstanding under this facility.

The Other International Debt outstanding as of July 4, 2015 consists of mortgage loans and term loans collateralized by fixed assets. These loans have maturity dates ranging from December 2015 to May 2018, and bear interest primarily based on EURIBOR rates ranging from 1.485% to 6.25% as of July 4, 2015.

In March 2015, the Company amended the accounts receivable securitization facility that it entered into in November 2007 (the “Accounts Receivable Securitization Facility”). This amendment primarily extended the termination date to March 2016.

As of July 4, 2015, the Company was in compliance with all financial covenants under its credit facilities.

10

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

(7) Accumulated Other Comprehensive Loss

The components of Accumulated other comprehensive loss (“AOCI”) are as follows:

	Cumulative Translation Adjustment			Foreign Exchange Contracts			Defined Benefit Plans			Income Taxes			Accumulated Other Comprehensive Loss
Balance at January 3, 2015	$	(34,099	)	$	4,834		$	(564,831	)	$	221,507		$	(372,589	)
Amounts reclassified from accumulated other comprehensive loss	—			(4,658		)	4,886			(1,143		)	(915		)
Current-period other comprehensive income (loss) activity	(628		)	11,653			(3,182		)	(2,591		)	5,252
Balance at July 4, 2015	$	(34,727	)	$	11,829		$	(563,127	)	$	217,773		$	(368,252	)

The Company had the following reclassifications out of AOCI:

Component of AOCI	Location of Reclassification into Income	Amount of Reclassification from AOCI						Amount of Reclassification from AOCI
		Quarters Ended						Six Months Ended
		July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Gain on foreign exchange contracts	Cost of sales	$	3,823		$	355		$	4,658		$	1,030
	Income tax	(1,147		)	(142		)	(1,654		)	(411		)
	Net of tax	2,676			213			3,004			619
Amortization of deferred actuarial loss and prior service cost	Selling, general and administrative expenses	(2,116		)	(2,602		)	(4,886		)	(5,203		)
	Income tax	1,597			1,020			2,797			2,040
	Net of tax	(519		)	(1,582		)	(2,089		)	(3,163		)
Total reclassifications		$	2,157		$	(1,369	)	$	915		$	(2,544	)

(8) Financial Instruments and Risk Management

The Company uses forward foreign exchange contracts to manage its exposures to movements in foreign exchange rates. As of July 4, 2015, the notional U.S. dollar equivalent of commitments to sell and purchase foreign currencies within the Company’s derivative portfolio was $279,606 and $423, respectively, primarily consisting of contracts hedging exposures to the Euro, Canadian dollar, Mexican peso and Australian dollar.

Fair Values of Derivative Instruments

The fair values of derivative financial instruments recognized in the Condensed Consolidated Balance Sheets of the Company were as follows:

	Balance Sheet Location	Fair Value
		July 4, 2015			January 3, 2015
Hedges	Other current assets	$	5,065		$	3,447
Non-hedges	Other current assets	2,959			2,960
Total derivative assets		8,024			6,407
Hedges	Accrued liabilities	(510		)	—
Non-hedges	Accrued liabilities	(65		)	(109		)
Total derivative liabilities		(575		)	(109		)
Net derivative asset		$	7,449		$	6,298

11

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

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 gain from AOCI of approximately $9,433.

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 Condensed Consolidated Statements of Income.

The effect of cash flow hedge derivative instruments on the Condensed Consolidated Statements of Income and AOCI is as follows:

	Amount of Gain Recognized in AOCI (Effective Portion)					Amount of Gain Recognized in AOCI (Effective Portion)
	Quarters Ended					Six Months Ended
	July 4, 2015		June 28, 2014			July 4, 2015		June 28, 2014
Foreign exchange contracts	$	468	$	(997	)	$	11,653	$	(855	)

	Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain Reclassified from AOCI into Income (Effective Portion)				Amount of Gain Reclassified from AOCI into Income (Effective Portion)
		Quarters Ended				Six Months Ended
		July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Foreign exchange contracts	Cost of sales	$	3,823	$	355	$	4,658	$	1,030

Derivative Contracts Not Designated As Hedges

The Company uses foreign exchange derivative contracts as economic hedges against the impact of foreign exchange fluctuations on existing accounts receivable and payable balances and intercompany lending transactions denominated in foreign currencies. These contracts are not designated as hedges under the accounting standards and are recorded at fair value in the Condensed Consolidated Balance Sheet. Any gains or losses resulting from changes in fair value are recognized directly into earnings. 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 Condensed Consolidated Statements of Income is as follows:

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income						Amount of Gain (Loss) Recognized in Income
		Quarters Ended						Six Months Ended
		July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Foreign exchange contracts	Selling, general and administrative expenses	$	(5,046	)	$	(322	)	$	(1,576	)	$	(372	)

(9) Fair Value of Assets and Liabilities

As of July 4, 2015, 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 and deferred

12

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

compensation plan liabilities. The fair values of foreign currency 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 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 Company’s defined benefit pension plan investments are not required to be measured at fair value on a recurring basis.

There were no changes during the quarter ended July 4, 2015 to the Company’s valuation techniques used to measure asset and liability fair values on a recurring basis. There were no transfers between the three level categories and there were no Level 3 assets or liabilities measured on a quarterly basis during the quarter ended July 4, 2015. As of and during the quarter endedJuly 4, 2015, the Company did not have any non-financial assets or liabilities that were required to be measured at fair value on a recurring or non-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 July 4, 2015
	Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Foreign exchange derivative contracts	$	—	$	8,024		$	—
Foreign exchange derivative contracts	—		(575		)	—
	—		7,449			—
Deferred compensation plan liability	—		(32,780		)	—
Total	$	—	$	(25,331	)	$	—

	Assets (Liabilities) at Fair Value as of January 3, 2015
	Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Foreign exchange derivative contracts	$	—	$	6,407		$	—
Foreign exchange derivative contracts	—		(109		)	—
	—		6,298			—
Deferred compensation plan liability	—		(28,289		)	—
Total	$	—	$	(21,991	)	$	—

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 July 4, 2015 and January 3, 2015. The carrying amount of trade accounts receivable included allowance for doubtful accounts, chargebacks and other deductions of $29,243 and $16,856 as of July 4, 2015 and January 3, 2015, respectively. The fair value of debt, which is classified as a Level 2 liability, was $2,573,466 and $1,893,514 as of July 4, 2015 and January 3, 2015, respectively. Debt had a carrying value of $2,484,325 and $1,839,314 as of July 4, 2015 and January 3, 2015, 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 July 4, 2015 and January 3, 2015, primarily due to the short-term nature of these instruments.

(10) Income Taxes

13

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

The Company’s effective income tax rate was 13% and 17% for the quarters ended July 4, 2015 and June 28, 2014, respectively. The Company’s effective income tax rate was 14% and 16% for the six months ended July 4, 2015 and June 28, 2014, respectively. The lower effective income tax rate for the quarter ended July 4, 2015 compared to the quarter ended June 28, 2014 was primarily due to a lower proportion of earnings attributed to domestic subsidiaries, which are taxed at rates higher than foreign subsidiaries as well as an income tax benefit recognized in the second quarter of 2015 related to the realization of an unrecognized tax benefit resulting from the effective settlement of a position in a foreign jurisdiction. The lower effective income tax rate for the six months ended July 4, 2015 compared to the six months ended June 28, 2014 was primarily due to a lower proportion of earnings attributed to domestic subsidiaries, which are taxed at rates higher than foreign subsidiaries.

(11) Business Segment Information

The Company’s operations are managed and reported in four operating segments, each of which is a reportable segment for financial reporting purposes: Innerwear, Activewear, Direct to Consumer and International. These segments are organized principally by product category, geographic location and distribution channel. 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, children’s underwear, socks, panties, hosiery and intimates, 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 merchant and other channels.

• Direct to Consumer includes the Company’s value-based (“outlet”) stores and Internet operations that sell products from the Company’s portfolio of leading brands. The Company’s Internet operations are supported by its catalogs.

• International primarily relates to the Europe, Asia, Latin America, Canada and Australia 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 and amortization of intangibles. The accounting policies of the segments are consistent with those described in Note 2 to the Company’s consolidated financial statements included in its Annual Report on Form 10-K for the year ended January 3, 2015. The Company decided in the first quarter of 2015 to revise the manner which the Company allocates certain selling, general and administrative expenses. Certain prior-year segment operating profit disclosures have been revised to conform to the current-year presentation.

	Quarters Ended				Six Months Ended
	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Net sales:
Innerwear	$	777,614	$	788,330	$	1,323,787	$	1,359,484
Activewear	378,157		317,814		676,253		612,318
Direct to Consumer	101,531		104,352		183,032		188,066
International	264,731		131,556		547,882		241,554
Total net sales	$	1,522,033	$	1,342,052	$	2,730,954	$	2,401,422

14

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

	Quarters Ended						Six Months Ended
	July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Segment operating profit:
Innerwear	$	196,035		$	183,917		$	306,812		$	281,922
Activewear	61,485			47,459			94,236			81,204
Direct to Consumer	11,954			11,223			9,676			9,897
International	21,004			15,935			43,120			24,121
Total segment operating profit	290,478			258,534			453,844			397,144
Items not included in segment operating profit:
General corporate expenses	(20,181		)	(23,142		)	(45,593		)	(43,431		)
Acquisition, integration and other action related charges	(125,966		)	(24,045		)	(169,194		)	(66,682		)
Amortization of intangibles	(5,398		)	(4,223		)	(10,193		)	(8,119		)
Total operating profit	138,933			207,124			228,864			278,912
Other expenses	(830		)	(660		)	(1,212		)	(1,095		)
Interest expense, net	(29,020		)	(21,119		)	(55,907		)	(42,937		)
Income before income tax expense	$	109,083		$	185,345		$	171,745		$	234,880

For the quarter endedJuly 4, 2015, the Company incurred acquisition, integration and other action related charges of $125,966, of which $26,151 is reported in the “Cost of sales” line and $99,815 is reported in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statement of Income. For the quarter endedJune 28, 2014, the Company incurred acquisition, integration and other action related charges of $24,045, of which $3,835 is reported in the “Cost of sales” line and $20,210 is reported in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statement of Income.

For the six months ended July 4, 2015, the Company incurred acquisition, integration and other action related charges of $169,194, of which $40,219 is reported in the “Cost of sales” line and $128,975 is reported in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statement of Income. For the six months ended June 28, 2014, the Company incurred acquisition, integration and other action related charges of $66,682, of which $18,662 is reported in the “Cost of sales” line and $48,020 is reported in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statement of Income.

As part of the Innerwear Europe acquisition strategy, the Company has identified management and administrative positions that are considered non-essential and/or duplicative that will be eliminated. As of July 4, 2015, the Company has accrued $56,000 for employee termination and other benefits recognized in accordance with expected benefit payments for affected employees. The charges are reflected in the “Cost of sales” and “Selling, general and administrative expenses” lines of the Consolidated Statements of Income. As of July 4, 2015, no benefit payments had been made. $17,000 and $39,000, respectively, is included in the “Accrued liabilities” and “Other noncurrent liabilities” line of the Consolidated Balance Sheet.

(12)    Consolidating Financial Information

In accordance with the indenture governing the Company’s $1,000,0006.375% Senior Notes issued on November 9, 2010, as supplemented from time to time, certain of the Company’s subsidiaries have guaranteed the Company’s obligations under the 6.375% Senior Notes. The following presents the condensed consolidating financial information separately for:

(i) Parent Company, the issuer of the guaranteed obligations. Parent Company includes Hanesbrands Inc. and its 100% owned operating divisions, which are not legal entities, and excludes its subsidiaries, which are legal entities;

(ii) Guarantor subsidiaries, on a combined basis, as specified in the Indentures;

(iii) Non-guarantor subsidiaries, on a combined basis;

(iv) Consolidating entries and eliminations representing adjustments to (a) eliminate intercompany transactions between or among Parent Company, the guarantor subsidiaries and the non-guarantor subsidiaries, (b) eliminate

15

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

intercompany profit in inventory, (c) eliminate the investments in the Company’s subsidiaries and (d) record consolidating entries; and

(v) The Company, on a consolidated basis.

The 6.375% Senior Notes are fully and unconditionally guaranteed on a joint and several basis by each guarantor subsidiary, each of which is 100% owned, directly or indirectly, by Hanesbrands Inc. A guarantor subsidiary’s guarantee can be released in certain customary circumstances. Each entity in the consolidating financial information follows the same accounting policies as described in the consolidated financial statements, except for the use by the Parent Company and guarantor subsidiaries of the equity method of accounting to reflect ownership interests in subsidiaries that are eliminated upon consolidation.

	Condensed Consolidating Statement of Comprehensive Income Quarter Ended July 4, 2015
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net sales	$	1,205,550	$	242,526	$	756,240	$	(682,283	)	$	1,522,033
Cost of sales	932,461		129,200		550,424		(658,277		)	953,808
Gross profit	273,089		113,326		205,816		(24,006		)	568,225
Selling, general and administrative expenses	243,596		52,772		133,428		(504		)	429,292
Operating profit	29,493		60,554		72,388		(23,502		)	138,933
Equity in earnings of subsidiaries	90,055		66,942		—		(156,997		)	—
Other expenses	830		—		—		—			830
Interest expense, net	21,578		—		7,634		(192		)	29,020
Income before income tax expense	97,140		127,496		64,754		(180,307		)	109,083
Income tax expense	2,238		11,297		646					14,181
Net income	$	94,902	$	116,199	$	64,108	$	(180,307	)	$	94,902
Comprehensive income	$	94,396	$	116,199	$	70,011	$	(186,210	)	$	94,396

	Condensed Consolidating Statement of Comprehensive Income Quarter Ended June 28, 2014
	Parent Company		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net sales	$	1,186,489	$	190,946		$	607,973	$	(643,356	)	$	1,342,052
Cost of sales	897,376		90,178			458,668		(608,524		)	837,698
Gross profit	289,113		100,768			149,305		(34,832		)	504,354
Selling, general and administrative expenses	215,474		53,922			29,619		(1,785		)	297,230
Operating profit	73,639		46,846			119,686		(33,047		)	207,124
Equity in earnings of subsidiaries	120,322		93,613			—		(213,935		)	—
Other expenses	660		—			—		—			660
Interest expense, net	19,058		(88		)	1,979		170			21,119
Income before income tax expense	174,243		140,547			117,707		(247,152		)	185,345
Income tax expense	19,665		8,070			3,032		—			30,767
Net income	$	154,578	$	132,477		$	114,675	$	(247,152	)	$	154,578
Comprehensive income	$	158,546	$	132,477		$	117,159	$	(249,636	)	$	158,546

16

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

	Condensed Consolidating Statement of Comprehensive Income Six Months Ended July 4, 2015
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net sales	$	2,156,640		$	395,700		$	1,548,252	$	(1,369,638	)	$	2,730,954
Cost of sales	1,705,350			203,510			1,150,834		(1,343,196		)	1,716,498
Gross profit	451,290			192,190			397,418		(26,442		)	1,014,456
Selling, general and administrative expenses	468,278			105,636			213,882		(2,204		)	785,592
Operating profit	(16,988		)	86,554			183,536		(24,238		)	228,864
Equity in earnings of subsidiaries	221,221			175,112			—		(396,333		)	—
Other expenses	1,212			—			—		—			1,212
Interest expense, net	40,701			(4		)	15,416		(206		)	55,907
Income before income tax expense	162,320			261,670			168,120		(420,365		)	171,745
Income tax expense	14,782			207			9,218		—			24,207
Net income	$	147,538		$	261,463		$	158,902	$	(420,365	)	$	147,538
Comprehensive income	$	151,875		$	261,463		$	160,415	$	(421,878	)	$	151,875

	Condensed Consolidating Statement of Comprehensive Income Six Months Ended June 28, 2014
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net sales	$	2,078,819	$	410,896	$	1,168,159	$	(1,256,452	)	$	2,401,422
Cost of sales	1,618,522		223,659		889,218		(1,191,108		)	1,540,291
Gross profit	460,297		187,237		278,941		(65,344		)	861,131
Selling, general and administrative expenses	406,179		123,945		56,098		(4,003		)	582,219
Operating profit	54,118		63,292		222,843		(61,341		)	278,912
Equity in earnings of subsidiaries	205,387		168,473		—		(373,860		)	—
Other expenses	1,095		—		—		—			1,095
Interest expense, net	36,942		1,898		4,035		62			42,937
Income before income tax expense	221,468		229,867		218,808		(435,263		)	234,880
Income tax expense	25,330		5,756		7,656		—			38,742
Net income	$	196,138	$	224,111	$	211,152	$	(435,263	)	$	196,138
Comprehensive income	$	199,325	$	224,111	$	211,371	$	(435,482	)	$	199,325

17

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

	Condensed Consolidating Balance Sheet July 4, 2015
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets
Cash and cash equivalents	$	37,210	$	12,541	$	265,603	$	—		$	315,354
Trade accounts receivable, net	109,247		104,605		622,557		(1,110		)	835,299
Inventories	1,105,921		179,184		651,750		(170,094		)	1,766,761
Deferred tax assets	198,997		4,194		11,277		—			214,468
Other current assets	84,115		10,146		70,179		—			164,440
Total current assets	1,535,490		310,670		1,621,366		(171,204		)	3,296,322
Property, net	94,661		39,827		524,301		—			658,789
Trademarks and other identifiable intangibles, net	3,817		135,849		574,117		—			713,783
Goodwill	232,882		244,640		357,505		—			835,027
Investments in subsidiaries	4,157,147		2,016,195		—		(6,173,342		)	—
Deferred tax assets	200,363		74,734		15,976		—			291,073
Receivables from related entities	4,905,444		4,711,239		2,203,829		(11,820,512		)	—
Other noncurrent assets	61,515		426		15,446		—			77,387
Total assets	$	11,191,319	$	7,533,580	$	5,312,540	$	(18,165,058	)	$	5,872,381
Liabilities and Stockholders’  Equity
Accounts payable	$	371,318	$	30,282	$	259,769	$	—		$	661,369
Accrued liabilities	184,331		50,106		239,456		(955		)	472,938
Notes payable	—		—		112,818		—			112,818
Accounts Receivable Securitization Facility	—		—		232,134		—			232,134
Current portion of long-term debt	25,500		—		8,931		—			34,431
Total current liabilities	581,149		80,388		853,108		(955		)	1,513,690
Long-term debt	1,818,125		—		399,635		—			2,217,760
Pension and postretirement benefits	299,136		—		65,297		—			364,433
Payables to related entities	6,902,814		3,488,083		1,421,260		(11,812,157		)	—
Other noncurrent liabilities	138,323		31,423		154,980		—			324,726
Total liabilities	9,739,547		3,599,894		2,894,280		(11,813,112		)	4,420,609
Stockholders’ equity	1,451,772		3,933,686		2,418,260		(6,351,946		)	1,451,772
Total liabilities and stockholders’ equity	$	11,191,319	$	7,533,580	$	5,312,540	$	(18,165,058	)	$	5,872,381

18

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

	Condensed Consolidating Balance Sheet January 3, 2015
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets
Cash and cash equivalents	$	10,910	$	10,796	$	218,149	$	—		$	239,855
Trade accounts receivable, net	73,794		37,511		561,514		(771		)	672,048
Inventories	958,376		120,341		607,356		(148,873		)	1,537,200
Deferred tax assets	200,050		3,515		11,500		—			215,065
Other current assets	38,446		11,224		51,394		—			101,064
Total current assets	1,281,576		183,387		1,449,913		(149,644		)	2,765,232
Property, net	88,599		46,221		539,559		—			674,379
Trademarks and other identifiable intangibles, net	4,102		79,393		607,706		—			691,201
Goodwill	232,881		124,247		365,992		—			723,120
Investments in subsidiaries	3,732,783		1,792,790		—		(5,525,573		)	—
Deferred tax assets	202,910		74,735		16,702		—			294,347
Receivables from related entities	4,585,755		4,471,644		2,087,280		(11,144,679		)	—
Other noncurrent assets	55,540		428		17,534		—			73,502
Total assets	$	10,184,146	$	6,772,845	$	5,084,686	$	(16,819,896	)	$	5,221,781
Liabilities and Stockholders’  Equity
Accounts payable	$	353,799	$	11,925	$	255,496	$	—		$	621,220
Accrued liabilities	190,739		61,339		242,437		1,112			495,627
Notes payable	—		—		144,438		—			144,438
Accounts Receivable Securitization Facility	—		—		210,963		—			210,963
Current portion of long-term debt	—		—		14,354		—			14,354
Total current liabilities	544,538		73,264		867,688		1,112			1,486,602
Long-term debt	1,176,500		—		437,497		—			1,613,997
Pension and postretirement benefits	399,931		—		72,072		—			472,003
Payables to related entities	6,544,095		3,270,513		1,330,071		(11,144,679		)	—
Other noncurrent liabilities	132,310		12,609		118,287		(799		)	262,407
Total liabilities	8,797,374		3,356,386		2,825,615		(11,144,366		)	3,835,009
Stockholders’ equity	1,386,772		3,416,459		2,259,071		(5,675,530		)	1,386,772
Total liabilities and stockholders’ equity	$	10,184,146	$	6,772,845	$	5,084,686	$	(16,819,896	)	$	5,221,781

19

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

	Condensed Consolidating Statement of Cash Flows Six Months Ended July 4, 2015
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net cash from operating activities	$	(62,363	)	$	168,523		$	67,285		$	(406,513	)	$	(233,068	)
Investing activities:
Purchases of property, plant and equipment	(10,280		)	(7,301		)	(38,657		)	—			(56,238		)
Proceeds from sales of assets	18			4,330			797			—			5,145
Acquisition of business, net of cash acquired	—			(193,461		)	—			—			(193,461		)
Net cash from investing activities	(10,262		)	(196,432		)	(37,860		)	—			(244,554		)
Financing activities:
Borrowings on notes payable	—			—			177,730			—			177,730
Repayments on notes payable	—			—			(200,706		)	—			(200,706		)
Borrowings on Accounts Receivable Securitization Facility	—			—			134,339			—			134,339
Repayments on Accounts Receivable Securitization Facility	—			—			(113,168		)	—			(113,168		)
Borrowings on Revolving Loan Facility	2,794,000			—			—			—			2,794,000
Repayments on Revolving Loan Facility	(2,970,500		)	—			—			—			(2,970,500		)
Repayments on Euro Term Loan Facility	—			—			(2,004		)	—			(2,004		)
Borrowings on Term Loan A Facility	425,000			—			—			—			425,000
Repayments on Term Loan A Facility	(5,313		)	—			—			—			(5,313		)
Borrowings on Term Loan B Facility	425,000			—			—			—			425,000
Repayments on Term Loan B Facility	(1,063		)	—			—			—			(1,063		)
Cash dividends paid	(81,470		)	—			—			—			(81,470		)
Taxes paid related to net shares settlement of equity awards	(47,432		)	—			—			—			(47,432		)
Excess tax benefit from stock-based compensation	34,127			—			—			—			34,127
Other	1,697			—			(14,337		)	801			(11,839		)
Net transactions with related entities	(475,121		)	29,654			39,755			405,712			—
Net cash from financing activities	98,925			29,654			21,609			406,513			556,701
Effect of changes in foreign exchange rates on cash	—			—			(3,580		)	—			(3,580		)
Change in cash and cash equivalents	26,300			1,745			47,454			—			75,499
Cash and cash equivalents at beginning of year	10,910			10,796			218,149			—			239,855
Cash and cash equivalents at end of period	$	37,210		$	12,541		$	265,603		$	—		$	315,354

20

HANESBRANDS INC.

Notes to Condensed Consolidated Financial Statements — (Continued)

(dollars and shares in thousands, except per share data)

(unaudited)

	Condensed Consolidating Statement of Cash Flow Six Months Ended June 28, 2014
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net cash from operating activities	$	210,832		$	150,068		$	18,064		$	(374,026	)	$	4,938
Investing activities:
Purchases of property, plant and equipment	(6,995		)	(3,194		)	(14,396		)	—			(24,585		)
Proceeds from sales of assets	—			—			4,918			—			4,918
Net cash from investing activities	(6,995		)	(3,194		)	(9,478		)	—			(19,667		)
Financing activities:
Borrowings on notes payable	—			—			66,737			—			66,737
Repayments on notes payable	—			—			(61,957		)	—			(61,957		)
Borrowings on Accounts Receivable Securitization Facility	—			—			115,609			—			115,609
Repayments on Accounts Receivable Securitization Facility	—			—			(72,399		)	—			(72,399		)
Borrowings on Revolving Loan Facility	1,782,500			—			—			—			1,782,500
Repayments on Revolving Loan Facility	(1,726,500		)	—			—			—			(1,726,500		)
Cash dividends paid	(59,731		)	—			—			—			(59,731		)
Taxes paid related to net shares settlement of equity awards	(10,342		)	—			—			—			(10,342		)
Excess tax benefit from stock-based compensation	7,895			—			—			—			7,895
Other	1,146			—			(486		)	146			806
Net transactions with related entities	(201,067		)	(149,787		)	(23,026		)	373,880			—
Net cash from financing activities	(206,099		)	(149,787		)	24,478			374,026			42,618
Effect of changes in foreign exchange rates on cash	—			—			(135		)	—			(135		)
Change in cash and cash equivalents	(2,262		)	(2,913		)	32,929			—			27,754
Cash and cash equivalents at beginning of year	5,695			7,811			102,357			—			115,863
Cash and cash equivalents at end of period	$	3,433		$	4,898		$	135,286		$	—		$	143,617

21

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

This management’s discussion and analysis of financial condition and results of operations, or MD&A, contains forward-looking statements that involve risks and uncertainties. Please see “Forward-Looking Statements” in this Quarterly Report on Form 10-Q for a discussion of the uncertainties, risks and assumptions associated with these statements. This discussion should be read in conjunction with our historical financial statements and related notes thereto and the other disclosures contained elsewhere in this Quarterly Report on Form 10-Q. The unaudited condensed consolidated financial statements and notes included herein should be read in conjunction with our audited consolidated financial statements and notes for the year ended January 3, 2015, which were included in our Annual Report on Form 10-K filed with the SEC. The results of operations for the periods reflected herein are not necessarily indicative of results that may be expected for future periods, and our actual results may differ materially from those discussed in the forward-looking statements as a result of various factors, including but not limited to those included elsewhere in this Quarterly Report on Form 10-Q and those included in the “Risk Factors” section and elsewhere in our Annual Report on Form 10-K for the year ended January 3, 2015.

Overview

We are a consumer goods company with a portfolio of leading apparel brands, including Hanes, Champion, Bali, Playtex, Maidenform, DIM, JMS/Just My Size, L’eggs, Nur Die/Nur Der, Flexees, Wonderbra, Gear for Sports, Lilyette, Lovable, Rinbros, Shock Absorber, Track N Field, Abanderado and Zorba. We design, manufacture, source and sell a broad range of basic apparel such as T-shirts, bras, panties, men’s underwear, children’s underwear, activewear, socks and hosiery.

Our operations are managed and reported in four operating segments, each of which is a reportable segment for financial reporting purposes: Innerwear, Activewear, Direct to Consumer and International. These segments are organized principally by product category, geographic location and distribution channel. 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. One of our subsidiaries closes one week earlier than the consolidated quarter end. The difference in reporting one week of financial information for this subsidiary did not have a material impact on our financial condition, results of operations or cash flows. In the first quarter of 2015, we revised the manner in which we allocate certain selling, general and administrative expenses. Certain prior-year segment operating profit disclosures have been revised to conform to the current-year presentation.

Highlights from the Second Quarter and Six Months Ended July 4, 2015

Key financial highlights during the quarter are as follows:

• Total net sales in the second quarter of 2015 were $1.5 billion, compared with $1.3 billion in the same period of 2014, representing a 13%increase.

• Operating profit decreased33% to $139 million in the second quarter of 2015, compared with $207 million in the same period of 2014. As a percentage of sales, operating profit was 9.1% in the second quarter of 2015 compared to 15.4% in the same period of 2014. Included within operating profit for the second quarter of 2015 and 2014 were acquisition, integration and other action related charges of $126 million and $24 million, respectively.

• On March 3, 2015, we effected a four-for-one stock split in the form of a stock dividend to stockholders of record as of the close of business on February 9, 2015. All references to the number of common shares outstanding, per share amounts and and share options data have been restated to reflect the effect of the split for all periods presented.

• Diluted earnings per share decreased39% to $0.23 in the second quarter of 2015, compared with diluted earnings per share of $0.38 in the same period of 2014.

• We acquired Knights Holdco, Inc. (“Knights Apparel”) on April 6, 2015. The total purchase price paid at closing was $194 million. The acquisition was funded with cash on hand and short-term borrowings. We believe the acquisition, when combined with our Gear For Sports brand, will create a commercial business that will take advantage of combined expertise in brand building, marketing, graphic design, licensing relationships, supply chain and retailer relationships across channels. The operating results of Knights Apparel from the date of acquisition are included in the Activewear segment.

Outlook

We expect our 2015 full year sales to be slightly less than $5.9 billion.

Interest expense and other expenses are expected to be approximately $100 million combined, including approximately $8 million from higher debt balances and debt refinancing associated with the Knights Apparel acquisition.

We estimate our full year effective income tax rate to be approximately 13%.

22

We expect cash flow from operations to be approximately $550 million, which reflects approximately $100 million in pension contributions. Net capital expenditures are expected to be approximately $95 million and dividend payments are expected to be roughly $160 million.

Our current estimate for pretax charges in 2015 for acquisition, integration and other actions is approximately $240 million or more as a result of our exit from the commercial organization in the China market, estimated integration costs associated with the Knights Apparel acquisition, and the incurrence of DBA-related integration costs sooner than originally expected. We currently expect these charges related to Maidenform to be completed by the end of the third quarter of 2015. Foundational charges are expected to be completed by the end of 2015.

Seasonality and Other Factors

Our operating results are subject to some variability due to seasonality and other factors. Generally, our diverse range of product offerings helps mitigate the impact of seasonal changes in demand for certain items. We generally have higher sales during the back-to-school and holiday shopping seasons and during periods of cooler weather, which benefits certain product categories such as fleece. Sales levels in any period are also impacted by customers’ decisions to increase or decrease their inventory levels in response to anticipated consumer demand. Our customers may cancel or change delivery schedules, manage on-hand inventory levels, or change the mix of products ordered with minimal notice to us. Media, advertising and promotion expenses may vary from period to period during a fiscal year depending on the timing of our advertising campaigns for retail selling seasons and product introductions.

Although the majority of our products are replenishment in nature and tend to be purchased by consumers on a planned, rather than on an impulse basis, our sales are impacted by discretionary spending by consumers. Discretionary spending is affected by many factors, including, among others, general business conditions, interest rates, inflation, consumer debt levels, the availability of consumer credit, taxation, gasoline prices, weather, unemployment trends and other matters that influence consumer confidence and spending. Many of these factors are outside of our control. Consumers’ purchases of discretionary items, including our products, could decline during periods when disposable income is lower, when prices increase in response to rising costs, or in periods of actual or perceived unfavorable economic conditions. These consumers may choose to purchase fewer of our products or to purchase lower-priced products of our competitors in response to higher prices for our products, or may choose not to purchase our products at prices that reflect our price increases that become effective from time to time.

Changes in product sales mix can impact our gross profit as the percentage of our sales attributable to higher margin products, such as intimate apparel and men’s underwear, and lower margin products, such as activewear, fluctuate from time to time. In addition, sales attributable to higher and lower margin products within the same product category fluctuate from time to time. Our customers may change the mix of products ordered with minimal notice to us, which makes trends in product sales mix difficult to predict. However, certain changes in product sales mix are seasonal in nature, as sales of socks, hosiery and fleece products generally have higher sales during the last two quarters (July to December) of each fiscal year as a result of cooler weather, back-to-school shopping and holidays, while other changes in product mix may be attributable to customers’ preferences and discretionary spending.

Condensed Consolidated Results of Operations — Second Quarter EndedJuly 4, 2015 Compared with Second Quarter EndedJune 28, 2014

	Quarters Ended
	July 4, 2015		June 28, 2014		Higher (Lower)			Percent Change
	(dollars in thousands)
Net sales	$	1,522,033	$	1,342,052	$	179,981		13.4	%
Cost of sales	953,808		837,698		116,110			13.9
Gross profit	568,225		504,354		63,871			12.7
Selling, general and administrative expenses	429,292		297,230		132,062			44.4
Operating profit	138,933		207,124		(68,191		)	(32.9	)
Other expenses	830		660		170			25.8
Interest expense, net	29,020		21,119		7,901			37.4
Income before income tax expense	109,083		185,345		(76,262		)	(41.1	)
Income tax expense	14,181		30,767		(16,586		)	(53.9	)
Net income	$	94,902	$	154,578	$	(59,676	)	(38.6	)%

23

Net Sales

Net sales increased 13% during the second quarter of 2015 primarily due to the following:

• Acquisition of Innerwear Europe in August 2014, which added an incremental $149 million of net sales in 2015;

• Acquisition of Knights Apparel in April 2015, which added an incremental $37 million of net sales in 2015; and

• Higher net sales in our Activewear driven by growth in our Champion and Gear For Sports businesses.

Offset by:

• Lower sales in our Innerwear segment due to lower sales of Intimates products (bras and shapewear) driven by sluggish category trends and a short-term shipment reduction as we executed our brand consolidation strategy at retail; and

• Unfavorable foreign currency exchange rates. Excluding the impact of foreign currency reductions, consolidated net sales and International segment net sales increased 15% and 115%, respectively.

Gross Profit

Our gross profit was higher for the second quarter of 2015 as compared to the same period of 2014. The increase in gross profit was attributable to results obtained from our recent acquisitions of Innerwear Europe and Knights Apparel combined with supply chain efficiencies and our Innovate-to-Elevate strategy, which combines our brand power, our innovation platforms and our low cost supply chain to drive margin expansion by increasing our price per unit and reducing our cost per unit. Included with gross profit in the second quarter of 2015 and the second quarter of 2014 are charges of approximately $26 million and $4 million, respectively, related to acquisition, integration and other action related costs.

Selling, General and Administrative Expenses

As a percentage of net sales, our selling, general and administrative expenses were 28.2% for the second quarter compared to 22.1% in the same period of 2014. The higher selling, general and administrative expenses were primarily attributable to charges of $100 million related to acquisition, integration and other action related costs whereas we incurred $20 million of acquisition, integration and other action related costs in the second quarter of 2014. Also included in 2015 were selling, general and administrative costs totaling $63 million resulting from our purchase of Innerwear Europe. Exclusive of the impact of higher acquisition, integration and other action related costs and the purchase of Innerwear Europe, selling, general and administrative expenses were lower due to expense management and synergy benefits from the integration of Maidenform.

Other Highlights

Interest Expense – higher by $8 million in the second quarter of 2015 compared to the second quarter of 2014 primarily due to higher debt balances related to the acquisition of Knights Apparel. Our weighted average interest rate on our outstanding debt was 3.72% during the second quarter of 2015, compared to 4.02% in the second quarter of 2014.

Income Tax Expense – our effective income tax rate was 13% and 17% for the second quarter of 2015 and the second quarter of 2014, respectively. The lower effective income tax rate was primarily due to a lower proportion of earnings attributed to domestic subsidiaries, which are taxed at rates higher than foreign subsidiaries, as well as a discrete tax benefit related to the settlement of a position in a foreign jurisdiction.

Operating Results by Business Segment — Second Quarter EndedJuly 4, 2015 Compared with Second Quarter EndedJune 28, 2014

	Net Sales				Operating Profit
	Quarters Ended				Quarters Ended
	July 4, 2015		June 28, 2014		July 4, 2015			June 28, 2014
	(dollars in thousands)
Innerwear	$	777,614	$	788,330	$	196,035		$	183,917
Activewear	378,157		317,814		61,485			47,459
Direct to Consumer	101,531		104,352		11,954			11,223
International	264,731		131,556		21,004			15,935
Corporate	—		—		(151,545		)	(51,410		)
Total	$	1,522,033	$	1,342,052	$	138,933		$	207,124

24

Innerwear

	Quarters Ended
	July 4, 2015		June 28, 2014		Higher (Lower)			Percent Change
	(dollars in thousands)
Net sales	$	777,614	$	788,330	$	(10,716	)	(1.4	)%
Segment operating profit	196,035		183,917		12,118			6.6

The lower net sales in our Innerwear segment primarily resulted from the following:

• Lower net sales of intimates products driven by sluggish category trends and the short-term pressures from our announced brand consolidation efforts.

Partially offset by:

• Higher sales in our basics products (including men’s underwear, panties, kid’s underwear and socks) driven by increased market share and new program shipments of our X-Temp products.

Supply chain efficiencies primarily driven by synergies gained from our Maidenform acquisition and our Innovate-to-Elevate strategy continues to drive margin expansion in our Innerwear segment as we are able to reduce our cost per unit. Selling, general and administrative costs in the second quarter of 2015 were lower than the corresponding period in 2014 due to synergies gained from the Maidenform acquisition.

Activewear

	Quarters Ended
	July 4, 2015		June 28, 2014		Higher (Lower)		Percent Change
	(dollars in thousands)
Net sales	$	378,157	$	317,814	$	60,343	19.0	%
Segment operating profit	61,485		47,459		14,026		29.6

Activewear net sales increased due to the following:

• Higher sales in our Gear for Sports licensed apparel, primarily due to net space gains and higher sales volume;

• Higher sales for our Champion branded product due to space gains at retail and a favorable retail environment for athletic apparel; and

• The acquisition of Knights Apparel on April 6, 2015.

Our Innovate-to-Elevate strategy continues to drive margin expansion in our Activewear segment as we are able to increase our price per unit with product innovations and reduce our cost per unit. Additionally, our Knights Apparel acquisition had a favorable impact to the Activewear net sales and operating profit. Strong selling, general and administrative cost management helped add to the increase in operating profit over the prior year.

Direct to Consumer

	Quarters Ended
	July 4, 2015		June 28, 2014		Higher (Lower)			Percent Change
	(dollars in thousands)
Net sales	$	101,531	$	104,352	$	(2,821	)	(2.7	)%
Segment operating profit	11,954		11,223		731			6.5

Direct to Consumer segment net sales were lower due to lower sales volume. Comparable store sales were approximately 3% lower in the second quarter of 2015 compared to the same period of 2014 resulting from the soft retail environment. Lower comparable store sales for the second quarter of 2015 as compared to the second quarter of 2014 were partially offset by an increase in e-commerce sales.

Direct to Consumer segment operating margin increased primarily due to lower advertising and selling costs.

25

International

	Quarters Ended
	July 4, 2015		June 28, 2014		Higher (Lower)		Percent Change
	(dollars in thousands)
Net sales	$	264,731	$	131,556	$	133,175	101.2	%
Segment operating profit	21,004		15,935		5,069		31.8

Net sales in the International segment were higher as a result of the following:

• Incremental sales of Innerwear Europe products following its acquisition on August 29, 2014.

Offset by:

• Continued unfavorable impact of foreign currency exchange rates.

Operating margins in Japan increased primarily due to higher sales volume, partially offset by foreign currency exchange rates.

Corporate

Corporate expenses were comprised primarily of certain administrative costs and acquisition, integration and other action related charges totaling $126 million in the second quarter of 2015 as compared to $24 million for the second quarter of 2014. Acquisition and integration costs are expenses related directly to an acquisition and its integration into the organization. These costs include legal fees, consulting fees, bank fees, severance costs, certain purchase accounting items, facility closures, inventory write-offs, infrastructure (including information technology), and similar charges. Foundational costs are expenses associated with building infrastructure to support and integrate current and future acquisitions, primarily consisting of information technology spend. A significant majority of Other costs are non-cash and relate to the exit of our commercial sales organization in the China market. The main factors that drove the decision to exit the China market were primarily related to the fragmented underwear market and business practices for innerwear and activewear in China that were not conducive to our wholesale business model. Exiting China is immaterial to our consolidated financial results and inconsequential to the International business.

	Quarters Ended
	July 4, 2015		June 28, 2014
	(dollars in thousands)
Acquisition and integration costs:
Maidenform	$	10,574	$	13,027
Innerwear Europe	74,793		6,280
Knights Apparel	6,701		—
Total acquisition and integration costs	92,068		19,307
Foundational costs	10,361		1,275
Other costs	23,537		3,463
	$	125,966	$	24,045

26

Condensed Consolidated Results of Operations — Six Months EndedJuly 4, 2015 Compared with Six Months EndedJune 28, 2014

	Six Months Ended
	July 4, 2015		June 28, 2014		Higher (Lower)			Percent Change
	(dollars in thousands)
Net sales	$	2,730,954	$	2,401,422	$	329,532		13.7	%
Cost of sales	1,716,498		1,540,291		176,207			11.4
Gross profit	1,014,456		861,131		153,325			17.8
Selling, general and administrative expenses	785,592		582,219		203,373			34.9
Operating profit	228,864		278,912		(50,048		)	(17.9	)
Other expenses	1,212		1,095		117			10.7
Interest expense, net	55,907		42,937		12,970			30.2
Income before income tax expense	171,745		234,880		(63,135		)	(26.9	)
Income tax expense	24,207		38,742		(14,535		)	(37.5	)
Net income	$	147,538	$	196,138	$	(48,600	)	(24.8	)%

Net Sales

Net sales increased 14% in the six months of 2015 compared to the same period of 2014 as a result of the following:

• Acquisition of Innerwear Europe in August 2014, which added an incremental $333 million of net sales;

• Acquisition of Knights Apparel in April 2015, which added an incremental $37 million of net sales; and

• Higher net sales net sales in our Gear For Sports business, which is in our Activewear segment.

Offset by:

• Lower sales in our Innerwear segment due to lower sales of Intimates products driven by sluggish category trends and a short-term shipment reduction as we executed our brand consolidation strategy at retail; and

• Unfavorable foreign currency exchange rates. Excluding the impact of foreign currency reductions, consolidated net sales and International segment net sales increased 15% and 140%, respectively.

Gross Profit

Our gross profit was higher for the six months of 2015 as compared to the same period in 2014 as we continue to integrate our recent acquisitions. Additionally, we continue to maintain strong profit margins in our core business because of our supply chain efficiencies coupled with our Innovate-to-Elevate strategy that allows us to combine our brand and supply chain strengths with product innovation. Included with gross profit in the six months of 2015 and 2014 are charges of $40 million and $19 million, respectively, related to acquisition, integration and other action related costs.

Selling, General and Administrative Expenses

As a percentage of net sales, our selling, general and administrative expenses were 28.8% for the six months of 2015 compared to 24.2% in the same period of 2014. The higher selling, general and administrative expenses were primarily attributable to charges of $129 million related to acquisition, integration and other action related costs whereas we incurred $48 million of acquisition, integration and other action related costs in the six months of 2014. Also included in 2015 were selling, general and administrative costs totaling $138 million resulting from our purchase of Innerwear Europe. Exclusive of the impact of higher acquisition, integration and other action related costs and the purchase of Innerwear Europe, selling, general and administrative expenses were lower due to expense management.

Other Highlights

Interest Expense – higher by $13 million for the six months of 2015 compared to the six months of 2014 primarily due to higher debt balances related to the acquisition of Knights Apparel. Our weighted average interest rate on our outstanding debt was 3.87% during the six months of 2015 whereas the similar rate for the six months of 2014 was 4.07%.

Income Tax Expense – our effective income tax rate was 14.1% and 16.5% for the six months of 2015 and the six months of 2014, respectively. The lower effective income tax rate was primarily attributable to a lower portion of earnings earned in domestic subsidiaries, which are taxed at higher rates than foreign subsidiaries.

27

Operating Results by Business Segment — Six Months EndedJuly 4, 2015 Compared with Six Months EndedJune 28, 2014

	Net Sales				Operating Profit
	Six Months Ended				Six Months Ended
	July 4, 2015		June 28, 2014		July 4, 2015			June 28, 2014
	(dollars in thousands)
Innerwear	$	1,323,787	$	1,359,484	$	306,812		$	281,922
Activewear	676,253		612,318		94,236			81,204
Direct to Consumer	183,032		188,066		9,676			9,897
International	547,882		241,554		43,120			24,121
Corporate	—		—		(224,980		)	(118,232		)
Total net sales	$	2,730,954	$	2,401,422	$	228,864		$	278,912

Innerwear

	Six Months Ended
	July 4, 2015		June 28, 2014		Higher (Lower)			Percent Change
	(dollars in thousands)
Net sales	$	1,323,787	$	1,359,484	$	(35,697	)	(2.6	)%
Segment operating profit	306,812		281,922		24,890			8.8

The lower net sales in our Innerwear segment primarily resulted from the following:

• Lower net sales of intimates products driven by sluggish category trends and the short-term pressures from our announced brand consolidation efforts.

Efficiency gains from our supply chain and our Innovate-to-Elevate strategy continued to drive margin expansion in our Innerwear segment. Higher distribution distribution expenses offset a portion of the margin improvement. Selling, general and administrative costs in the second quarter of 2015 were lower than the corresponding period in 2014 due to synergies gained from the Maidenform acquisition.

Activewear 

	Six Months Ended
	July 4, 2015		June 28, 2014		Higher (Lower)		Percent Change
	(dollars in thousands)
Net sales	$	676,253	$	612,318	$	63,935	10.4	%
Segment operating profit	94,236		81,204		13,032		16.0

The higher net sales in our Activewear segment is attributable to the following:

• Higher net sales in Gear for Sports licensed apparel due to net space gains and higher sales volume; and

• The acquisition of Knights Apparel.

Margin expansion was driven by higher sales volume and further development of our Innovate-to-Elevate strategy in our Activewear segment as we are able to increase our price per unit with product innovations and reduce our cost per unit. The margin improvement was partially offset by higher distribution costs in the six months of 2015 as compared to the same period of 2014 due to increased sales.

28

Direct to Consumer

	Six Months Ended
	July 4, 2015		June 28, 2014		Higher (Lower)			Percent Change
	(dollars in thousands)
Net sales	$	183,032	$	188,066	$	(5,034	)	(2.7	)%
Segment operating profit	9,676		9,897		(221		)	(2.2	)

Direct to Consumer segment net sales were lower as a result of comparable retail store sales being lower by 3% due to a challenging retail environment partially offset by increased e-commerce net sales.

Direct to Consumer segment operating margin decreased slightly due to higher distribution expenses.

International

	Six Months Ended
	July 4, 2015		June 28, 2014		Higher (Lower)		Percent Change
	(dollars in thousands)
Net sales	$	547,882	$	241,554	$	306,328	126.8	%
Segment operating profit	43,120		24,121		18,999		78.8

Net sales in the International segment were higher as a result of the following:

• Incremental sales of Innerwear Europe products as a result of its acquisition on August 29, 2014; and

• Higher sales volume in Asia due to net space gains.

Offset by:

• 13 percentage point unfavorable impact of foreign currency exchange rates.

Operating margins in Japan increased primarily due to higher sales volume, partially offset by foreign currency exchange rates.

Corporate

Corporate expenses were comprised primarily of certain administrative costs and acquisition, integration and other action related charges totaling $169 million for the six months ended July 4, 2015 as compared to $67 million for the comparable period in 2014. Acquisition and integration costs are expenses related directly to an acquisition and its integration into the organization. These costs include legal fees, consulting fees, bank fees, severance costs, certain purchase accounting items, facility closures, inventory write-offs, infrastructure (including information technology), and similar charges. Foundational costs are expenses associated with building infrastructure to support and integrate current and future acquisitions; primarily consisting of information technology spend. A significant majority of Other costs are non-cash and relate to the exit of our commercial sales organization in the China market. The main factors that drove the decision to exit the China market were primarily related to the fragmented underwear market and business practices for innerwear and activewear in China that were not conducive to our wholesale business model. Exiting China is immaterial to our consolidated financial results and inconsequential to the International business.

	Six months Ended
	July 4, 2015		June 28, 2014
	(dollars in thousands)
Acquisition and integration costs:
Maidenform	$	14,858	$	42,629
Innerwear Europe	97,798		6,280
Knights Apparel	7,802		—
Total acquisition and integration costs	120,458		48,909
Foundational costs	19,637		1,690
Other costs	29,099		16,083
	$	169,194	$	66,682

29

Liquidity and Capital Resources

Trends and Uncertainties Affecting Liquidity

Our primary sources of liquidity are cash generated by operations and availability under the $1.0 billion revolving credit facility (the “Revolving Loan Facility”) under our senior secured credit facility (the “Senior Secured Credit Facility”), our accounts receivable securitization facility (the “Accounts Receivable Securitization Facility”) and our international loan facilities.

At July 4, 2015, we had $982 million of borrowing availability under our Revolving Loan Facility (after taking into account outstanding letters of credit), $145 million of borrowing availability under our international loan facilities, $315 million in cash and cash equivalents and $43 million of borrowing availability under our Accounts Receivable Securitization Facility. We currently believe that our existing cash balances and cash generated by operations, together with our available credit capacity, will enable us to comply with the terms of our indebtedness and meet foreseeable liquidity requirements.

We typically use cash during the first half of the year and generate most of our cash flow in the second half of the year. We expect our cash deployment strategy in the future will include a mix of dividends, acquisitions and share repurchases.

Dividends

As part of our cash deployment strategy, in January 2015 and April 2015 our Board of Directors declared a regular quarterly dividend of $0.10 per share, which were paid in March 2015 and June 2015, respectively. On July 28, 2015, our Board of Directors authorized a regular quarterly dividend of $0.10 per share to be paid September 9, 2015 to stockholders of record at the close of business on August 18, 2015.

In addition, on March 3, 2015, we implemented a four-for-one stock split on our common stock in the form of a 300% stock dividend to stockholders of record at the close of business on February 9, 2015.

Share Repurchase Program

On April 28, 2015, our Board of Directors amended our existing share repurchase program to reflect the effect of the four-for-one stock split on our common stock that occurred on March 3, 2015.  We are now authorized to repurchase up to 40 million shares of our common stock, less such number of shares, on a split-adjusted basis, as we have previously repurchased.   Since the inception of the program in 2007, we have purchased 11.2 million shares of our common stock (on a split-adjusted basis) at a cost of $75 million (average price per share of $6.70 on a split-adjusted basis).  We did not repurchase any of our common stock during the first six months of 2015.

Cash Requirements for Our Business

We rely on our cash flows generated from operations and the borrowing capacity under our Revolving Loan Facility, Accounts Receivable Securitization Facility and international loan facilities to meet the cash requirements of our business. The primary cash requirements of our business are payments to vendors in the normal course of business, capital expenditures, maturities of debt and related interest payments, contributions to our pension plans, repurchases of our stock and regular quarterly dividend payments. We believe we have sufficient cash and available borrowings for our foreseeable liquidity needs.

There have been no significant changes in the cash requirements for our business from those described in our Annual Report on Form 10-K for the year ended January 3, 2015.

30

Sources and Uses of Our Cash

The information presented below regarding the sources and uses of our cash flows for the six months endedJuly 4, 2015 and June 28, 2014 was derived from our condensed consolidated financial statements.

	Six Months Ended
	July 4, 2015			June 28, 2014
	(dollars in thousands)
Operating activities	$	(233,068	)	$	4,938
Investing activities	(244,554		)	(19,667		)
Financing activities	556,701			42,618
Effect of changes in foreign currency exchange rates on cash	(3,580		)	(135		)
Change in cash and cash equivalents	75,499			27,754
Cash and cash equivalents at beginning of year	239,855			115,863
Cash and cash equivalents at end of period	$	315,354		$	143,617

Operating Activities

Our overall liquidity is primarily driven by our strong cash flow provided by operating activities, which is dependent on net income, as well as changes in our working capital. We typically use cash during the first half of the year and generate most of our cash flow in the second half of the year. As compared to prior year, the lower net cash from operating activities is due to changes in working capital, specifically related to inventory, accounts receivable, accounts payable and accrued liabilities, and a $100 million voluntary contribution to our pension plan.

Investing Activities

The lower net cash from investing activities resulted primarily from the Knights Apparel acquisition of $194 million.

Financing Activities

The higher net cash from financing activities was primarily the result of higher net borrowings on our loan facilities, specifically due to new borrowings under the Senior Secured Credit Facility related to the Knights Apparel acquisition.

Financing Arrangements

In March 2015, we amended the accounts receivable securitization facility that we entered into in November 2007 (the “Accounts Receivable Securitization Facility”). This amendment primarily extended the termination date to March 2016.

On April 29, 2015, we refinanced our Senior Secured Credit Facility to, among other things, extend the maturity date of the Revolving Loan Facility to April 2020, re-price the Revolving Loan Facility at favorable rates and add an additional $850 million in term loan borrowings. After the refinancing, our domestic debt was comprised of a $1 billion revolving credit facility, a $425 million New Term Loan A and an additional $425 million Term Loan B. We incurred $10.9 million in fees related to this refinancing. A portion of the proceeds was used as financing for the Knights Apparel acquisition with the balance to be used for working capital and other corporate purposes.

As of July 4, 2015, we were in compliance with all financial covenants under our credit facilities. We expect to maintain compliance with our covenants for the foreseeable future, however economic conditions or the occurrence of events discussed under “Risk Factors” in our Annual Report on Form 10-K for the year ended January 3, 2015 or other SEC filings could cause noncompliance.

There have been no other significant changes in the financing arrangements from those described in our Annual Report on Form 10-K for the year ended January 3, 2015.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements within the meaning of Item 303(a)(4) of SEC Regulation S-K.

Critical Accounting Policies and Estimates

We have chosen accounting policies that we believe are appropriate to accurately and fairly report our operating results and financial condition in conformity with U.S. GAAP. We apply these accounting policies in a consistent manner. Our

31

significant accounting policies are discussed in Note 2, “Summary of Significant Accounting Policies,” to our financial statements included in our Annual Report on Form 10-K for the year ended January 3, 2015.

The application of critical accounting policies requires that we make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosures. These estimates and assumptions are based on historical and other factors believed to be reasonable under the circumstances. We evaluate these estimates and assumptions on an ongoing basis and may retain outside consultants to assist in our evaluation. If actual results ultimately differ from previous estimates, the revisions are included in results of operations in the period in which the actual amounts become known. The critical accounting policies that involve the most significant management judgments and estimates used in preparation of our financial statements, or are the most sensitive to change from outside factors, are discussed in Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended January 3, 2015. There have been no material changes in these policies from those described in our Annual Report on Form 10-K for the year ended January 3, 2015.

Recently Issued Accounting Pronouncements

Revenue from Contracts with Customers

In July 2015, the FASB delayed effective dates for the new accounting rules related to revenue recognition for contracts with customers by one year. The new standard will be effective for the Company in the first quarter of 2018 with retrospective application required. 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.

Debt Issuance Costs

In April 2015, the FASB issued new accounting rules, which require debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. The new rules will be effective for the Company in the first quarter of 2016. 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 or cash flows.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

There have been no significant changes in our market risk exposures from those described in Item 7A of our Annual Report on Form 10-K for the year ended January 3, 2015.

Item 4. Controls and Procedures

As required by Exchange Act Rule 13a-15(b), our management, including our Chief Executive Officer and Chief Financial Officer, conducted an evaluation of the effectiveness of our disclosure controls and procedures, as defined in Exchange Act Rule 13a-15(e), as of the end of the period covered by this report. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective.

In connection with the evaluation required by Exchange Act Rule 13a-15(d), our management, including our Chief Executive Officer and Chief Financial Officer, concluded that no changes in our internal control over financial reporting occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. We excluded our wholly-owned subsidiary, Knights Apparel, from our assessment of internal control over financial reporting as of July 4, 2015 because our control over the operation was acquired in a purchase combination during 2015.

32

PART II

Item 1. Legal Proceedings

Although we are subject to various claims and legal actions that occur from time to time in the ordinary course of our business, we are not party to any pending legal proceedings that we believe could have a material adverse effect on our business, results of operations, financial condition or cash flows.

Item 1A. Risk Factors

We review and, where applicable, update our risk factors each quarter. The risk factor set forth below is in addition to the risk factors previously disclosed in Part I, Item 1A, of our Annual Report on Form 10-K for the fiscal year ended January 3, 2015.

Work stoppages, union and works council campaigns and other labor disputes could adversely impact our productivity and results of operations.

As of January 3, 2015, we had approximately 59,500 employees, approximately 87% of whom were located outside the United States. Although only approximately 40 employees in the United States are covered by collective bargaining agreements, a significant portion of our employees based in foreign countries are represented by works councils or unions or subject to trade-sponsored or governmental agreements.  Although we believe our relations with our employees are generally good and we have experienced no material strikes or work stoppages recently, we cannot assure you that any of our facilities will not experience a work stoppage or other labor disruption.  Any work stoppage or other labor disruption involving our employees could have a material adverse effect on our business, financial condition or results of operations by disrupting our ability to manufacture and distribute our products.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

Item 6. Exhibits

The exhibits listed in the accompanying Exhibit Index are filed or furnished as part of this Quarterly Report on Form 10-Q.

33

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

HANESBRANDS INC.
By:	/s/ Richard D. Moss
	Richard D. Moss Chief Financial Officer (Duly authorized officer and principal financial officer)

Date: July 31, 2015

34

INDEX TO EXHIBITS

Exhibit Number	Description
3.1	Articles of Amendment and Restatement of Hanesbrands Inc. (incorporated by reference from Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 5, 2006).
3.2	Articles Supplementary (Junior Participating Preferred Stock, Series A) (incorporated by reference from Exhibit 3.2 to the Registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 5, 2006).
3.3	Articles of Amendment to Articles of Amendment and Restatement of Hanesbrands Inc. (incorporated by reference from Exhibit 3.1 to the Registrant’s Current Report on From 8-K filed with the Securities and Exchange Commission on January 28, 2015).
3.4	Amended and Restated Bylaws of Hanesbrands Inc. (incorporated by reference from Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 15, 2008).
10.1	Third Amended and Restated Credit Agreement dated April 29, 2015 (incorporated by reference from Exhibit 10.1 to the Registrant’s Current Report on From 8-K filed with the Securities and Exchange Commission on April 30, 2015).
10.2	First Amendment, dated as of May 5, 2015, to the Third Amended Credit Agreement.
31.1	Certification of Richard A. Noll, Chief Executive Officer.
31.2	Certification of Richard D. Moss, Chief Financial Officer.
32.1	Section 1350 Certification of Richard A. Noll, Chief Executive Officer.
32.2	Section 1350 Certification of Richard D. Moss, Chief Financial Officer.
101.INS XBRL	Instance Document
101.SCH XBRL	Taxonomy Extension Schema Document
101.CAL XBRL	Taxonomy Extension Calculation Linkbase Document
101.LAB XBRL	Taxonomy Extension Label Linkbase Document
101.PRE XBRL	Taxonomy Extension Presentation Linkbase Document
101.DEF XBRL	Taxonomy Extension Definition Linkbase Document

E-1

EX-10.2

EXECUTION VERSION

FIRST AMENDMENT, dated as of May 5, 2015 (this “Amendment”), to the THIRD AMENDED AND RESTATED CREDIT AGREEMENT, dated as of April 29, 2015 (as amended, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”), among HANESBRANDS INC., a Maryland corporation (the “Parent Borrower”), MFB INTERNATIONAL HOLDINGS S.À R.L., a société à responsabilité limitée, incorporated and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 33, rue du Puits Romain, L-8070 Bertrange and registered with the Luxembourg Trade and Companies Register under number B 182.082 (the “Lux Borrower”, and together with the Parent Borrower, the “Borrowers”), the Lenders party thereto, Branch Banking & Trust Company and SunTrust Bank, as the Co-Documentation Agents, Barclays Bank PLC, HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and PNC Bank, National Association, as the Co-Syndication Agents, JPMORGAN CHASE BANK, N.A., as the Administrative Agent and the Collateral Agent (the “Administrative Agent”), and J.P. Morgan Securities LLC, Barclays Bank PLC, HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and PNC Capital Markets LLC, as the Joint Lead Arrangers and Joint Bookrunners.

W I T N E S S E T H :

WHEREAS, the Borrowers have requested that the Credit Agreement be amended to amend the definition of “Interest Period” in Section 1.1 of the Credit Agreement;

WHEREAS, the Required Lenders are willing to agree to this Amendment on the terms and subject to the conditions set forth herein.

NOW, THEREFORE, pursuant to Section 10.1 of the Credit Agreement the parties hereto hereby agree as follows:

Section 1.DEFINITIONS.

1.1Defined Terms. Terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement unless otherwise defined herein.

SECTION 2.AMENDMENT PURSUANT TO SECTION 10.1.

2.1Amendment of the Definition of “Interest Period”. The definition of “Interest Period” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety as follows:

“Interest Period” means, relative to any LIBO Rate Loan or EURIBOR Rate Loan, the period beginning on (and including) the date on which such Loan is made or continued as, or (if applicable) converted into, a LIBO Rate Loan or EURIBOR Rate Loan pursuant to Sections 2.3 or 2.4 and shall end on (but exclude) (i) the day which numerically corresponds to such date one, two, three or six months and, if agreed by all affected Lenders, twelve months thereafter (or, if any such month has no numerically corresponding day, on the last Business Day of such month) or (ii) any other day as agreed to by all affected Lenders, as the applicable Borrower may select in its relevant notice pursuant to Sections 2.3 or 2.4; provided that,

(a)    the Borrowers shall not be permitted to select Interest Periods to be in effect at any one time which have expiration dates occurring on more than twelve different dates; and

1

(b)    if such Interest Period would otherwise end on a day which is not a Business Day, such Interest Period shall end on the next following Business Day (unless such next following Business Day is the first Business Day of a calendar month, in which case such Interest Period shall end on the Business Day next preceding such numerically corresponding day).”

2.2Conditions to Effectiveness of Amendment. This Amendment shall become effective on the date on which the Administrative Agent shall have received this Amendment, executed and delivered by the Borrowers and the Required Lenders.

2.3Continuing Effect; No Other Waivers or Amendments. This Amendment shall not constitute an amendment or waiver of or consent to any provision of the Credit Agreement and the other Loan Documents not expressly referred to herein and shall not be construed as an amendment, waiver or consent to any action on the part of the Borrowers that would require an amendment, waiver or consent of the Administrative Agent, the Collateral Agent or the Lenders except as expressly stated herein. Except as expressly amended, consented to or waived hereby, the provisions of the Credit Agreement and the other Loan Documents are and shall remain in full force and effect in accordance with their terms.

2.4Loan Documents. This Amendment shall constitute a “Loan Document” for all purposes under the Credit Agreement and the other Loan Documents. Each Loan Party executing this Amendment confirms and agrees that notwithstanding the effectiveness of this Amendment, each Loan Document to which such Person is a party is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, in each case as amended by this Amendment.

2.5Counterparts. This Amendment may be executed in any number of separate counterparts by the parties hereto (including by telecopy or via electronic mail), each of which counterparts when so executed shall be an original, but all the counterparts shall together constitute one and the same instrument.

2.6GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES THEREOF, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

2

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their respective duly authorized officers as of the date first above written.

HANESBRANDS INC.,
as Parent Borrower
By	/s/ Donald F. Cook
	Name: Donald F. Cook
	Title: Treasurer
MFB INTERNATIONAL HOLDINGS S.A.R.L.,
as Lux Borrower
By	/s/ Donald F. Cook
	Name: Donald F. Cook
	Title: Category A Manager

3

JPMORGAN CHASE BANK, N.A., as
Administrative Agent and Lender
By:	/s/ James A. Knight
	Name: James A. Knight
	Title: Vice President
Barclays Bank PLC,
as a Lender
By:	/s/ Ronnie Glenn
	Name: Ronnie Glenn
	Title: Vice President
Bank of America, N.A.,
as a Lender
By:	/s/ Brian McDonald
	Name: Brian McDonald
	Title: Senior Vice President
HSBC Bank USA, National Association,
as a Lender
By:	/s/ Catherine Dong
	Name: Catherine Dong
	Title: Vice President
PNC BANK, NATIONAL ASSOCIATION,
as a Lender
By:	/s/ Jessica F. Sidhom
	Name: Jessica F. Sidhom
	Title: Senior Vice President
Branch Banking and Trust Company,
as a Lender
By:	/s/ Jamie Grunsky
	Name: Jamie Grunsky
	Title: Banking Officer

4

SunTrust Bank,
as a Lender
By:	/s/ Daniel L. Nichols
	Name: Daniel L. Nichols
	Title: Vice President
FIFTH THIRD BANK, an Ohio Banking
Corporation, as a Lender
By:	/s/ Mary Ramsey
	Name: Mary Ramsey
	Title: Vice President
The Bank of Nova Scotia,
as a Lender
By:	/s/ Mauricio Saishio
	Name: Mauricio Saishio
	Title: Director
GOLDMAN SACHS BANK USA,
as a Lender
By:	/s/ Jamie Minieri
	Name: Jamie Minieri
	Title: Authorized Signatory
REGIONS BANK,
as a Lender
By:	/s/ Brand Hosford
	Name: Brand Hosford
	Title: Vice President
Northern Trust Company,
as a Lender
By:	/s/ John Canty
	Name: John Canty
	Title: Senior Vice President

5

Citizens Bank of Pennsylvania,
as a Lender
By:	/s/ A. Paul Dawley
	Name: A. Paul Dawley
	Title: Vice President
U.S. Bank National Association,
as a Lender
By:	/s/ Mark D. Rodgers
	Name: Mark D. Rodgers
	Title: Vice President
The Bank of Tokyo-Mitsubishi UFJ, Ltd.,
as a Lender
By:	/s/ Adrienne Young
	Name: Adrienne Young
	Title: Vice-President
Goldman Sachs Bank USA,
as a Lender
By:	/s/ Wei Yan
	Name: Wei Yan
	Title: Authorized Signatory
CABS: 670349
5th May 2015

6

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO

SECTION 302 OF THE

SARBANES-OXLEY ACT OF 2002

I, Richard A. Noll, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Hanesbrands Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Richard A. Noll

Chief Executive Officer

Date: July 31, 2015

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO

SECTION 302 OF THE

SARBANES-OXLEY ACT OF 2002

I, Richard D. Moss, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Hanesbrands Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ Richard D. Moss

Richard D. Moss

Chief Financial Officer

Date: July 31, 2015

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Hanesbrands Inc. (“Hanesbrands”) on Form 10-Q for the fiscal quarter ended July 4, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Richard A. Noll, Chief Executive Officer of Hanesbrands, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Hanesbrands.

Richard A. Noll

Chief Executive Officer

Date: July 31, 2015

The foregoing certification is being furnished to accompany Hanesbrands Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 4, 2015 (the “Report”) solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed as part of the Report or as a separate disclosure document and shall not be deemed incorporated by reference into any other filing of Hanesbrands Inc. that incorporates the Report by reference. A signed original of this written certification required by Section 906 has been provided to Hanesbrands Inc. and will be retained by Hanesbrands Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Hanesbrands Inc. (“Hanesbrands”) on Form 10-Q for the fiscal quarter ended July 4, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Richard D. Moss, Chief Financial Officer of Hanesbrands, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Hanesbrands.

/s/ Richard D. Moss

Richard D. Moss

Chief Financial Officer

Date: July 31, 2015

The foregoing certification is being furnished to accompany Hanesbrands Inc.’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 4, 2015 (the “Report”) solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed as part of the Report or as a separate disclosure document and shall not be deemed incorporated by reference into any other filing of Hanesbrands Inc. that incorporates the Report by reference. A signed original of this written certification required by Section 906 has been provided to Hanesbrands Inc. and will be retained by Hanesbrands Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

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Financial Instruments and Risk Management (Additional Information) (Detail) - Jul. 04, 2015 - USD ($) $ in Thousands	Total
Derivative [Line Items]
Amount expected to be reclassified into earnings	$ 9,433
Foreign Exchange Contract | Designated as Hedging Instrument | Forward Contracts | Short
Derivative [Line Items]
Commitments to sell and purchase foreign currencies in foreign currency cash flow hedge derivative portfolio	279,606
Foreign Exchange Contract | Designated as Hedging Instrument | Forward Contracts | Long
Derivative [Line Items]
Commitments to sell and purchase foreign currencies in foreign currency cash flow hedge derivative portfolio	$ 423

XML

Consolidating Financial Information (Condensed Consolidating Statement of Income (Loss)) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 1,522,033	$ 1,342,052	$ 2,730,954	$ 2,401,422
Cost of sales	953,808	837,698	1,716,498	1,540,291
Gross profit	568,225	504,354	1,014,456	861,131
Selling, general and administrative expenses	429,292	297,230	785,592	582,219
Operating profit	138,933	207,124	228,864	278,912
Equity in earnings of subsidiaries	0	0	0	0
Other expenses	830	660	1,212	1,095
Interest expense, net	29,020	21,119	55,907	42,937
Income before income tax expense	109,083	185,345	171,745	234,880
Income tax expense	14,181	30,767	24,207	38,742
Net income	94,902	154,578	147,538	196,138
Comprehensive income	94,396	158,546	151,875	199,325
Parent Company
Condensed Financial Statements, Captions [Line Items]
Net sales	1,205,550	1,186,489	2,156,640	2,078,819
Cost of sales	932,461	897,376	1,705,350	1,618,522
Gross profit	273,089	289,113	451,290	460,297
Selling, general and administrative expenses	243,596	215,474	468,278	406,179
Operating profit	29,493	73,639	(16,988)	54,118
Equity in earnings of subsidiaries	90,055	120,322	221,221	205,387
Other expenses	830	660	1,212	1,095
Interest expense, net	21,578	19,058	40,701	36,942
Income before income tax expense	97,140	174,243	162,320	221,468
Income tax expense	2,238	19,665	14,782	25,330
Net income	94,902	154,578	147,538	196,138
Comprehensive income	94,396	158,546	151,875	199,325
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net sales	242,526	190,946	395,700	410,896
Cost of sales	129,200	90,178	203,510	223,659
Gross profit	113,326	100,768	192,190	187,237
Selling, general and administrative expenses	52,772	53,922	105,636	123,945
Operating profit	60,554	46,846	86,554	63,292
Equity in earnings of subsidiaries	66,942	93,613	175,112	168,473
Other expenses	0	0	0	0
Interest expense, net	0	(88)	(4)	1,898
Income before income tax expense	127,496	140,547	261,670	229,867
Income tax expense	11,297	8,070	207	5,756
Net income	116,199	132,477	261,463	224,111
Comprehensive income	116,199	132,477	261,463	224,111
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net sales	756,240	607,973	1,548,252	1,168,159
Cost of sales	550,424	458,668	1,150,834	889,218
Gross profit	205,816	149,305	397,418	278,941
Selling, general and administrative expenses	133,428	29,619	213,882	56,098
Operating profit	72,388	119,686	183,536	222,843
Equity in earnings of subsidiaries	0	0	0	0
Other expenses	0	0	0	0
Interest expense, net	7,634	1,979	15,416	4,035
Income before income tax expense	64,754	117,707	168,120	218,808
Income tax expense	646	3,032	9,218	7,656
Net income	64,108	114,675	158,902	211,152
Comprehensive income	70,011	117,159	160,415	211,371
Consolidating Entries and Eliminations
Condensed Financial Statements, Captions [Line Items]
Net sales	(682,283)	(643,356)	(1,369,638)	(1,256,452)
Cost of sales	(658,277)	(608,524)	(1,343,196)	(1,191,108)
Gross profit	(24,006)	(34,832)	(26,442)	(65,344)
Selling, general and administrative expenses	(504)	(1,785)	(2,204)	(4,003)
Operating profit	(23,502)	(33,047)	(24,238)	(61,341)
Equity in earnings of subsidiaries	(156,997)	(213,935)	(396,333)	(373,860)
Other expenses	0	0	0	0
Interest expense, net	(192)	170	(206)	62
Income before income tax expense	$ (180,307)	(247,152)	(420,365)	(435,263)
Income tax expense		0	0	0
Net income	$ (180,307)	(247,152)	(420,365)	(435,263)
Comprehensive income	$ (186,210)	$ (249,636)	$ (421,878)	$ (435,482)

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Earnings Per Share and Dividends (Narrative) (Details)		3 Months Ended		6 Months Ended
	Mar. 03, 2015	Jul. 04, 2015 $ / shares	Jun. 28, 2014 $ / shares	Jul. 04, 2015 $ / shares	Jun. 28, 2014 $ / shares
Earnings Per Share [Abstract]
Stock split conversion ratio	4
Percent of dividend paid in stock	300.00%
Dividends per share, cash paid		$ 0.10	$ 0.10	$ 0.20	$ 0.20

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Financial Instruments and Risk Management (Tables)

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Fair Values of Derivative Instruments

The fair values of derivative financial instruments recognized in the Condensed Consolidated Balance Sheets of the Company were as follows:

	Balance Sheet Location	Fair Value
		July 4, 2015			January 3, 2015
Hedges	Other current assets	$	5,065		$	3,447
Non-hedges	Other current assets	2,959			2,960
Total derivative assets		8,024			6,407
Hedges	Accrued liabilities	(510		)	—
Non-hedges	Accrued liabilities	(65		)	(109		)
Total derivative liabilities		(575		)	(109		)
Net derivative asset		$	7,449		$	6,298

Effect of Cash Flow Hedge Derivative Instruments

The effect of cash flow hedge derivative instruments on the Condensed Consolidated Statements of Income and AOCI is as follows:

	Amount of Gain Recognized in AOCI (Effective Portion)					Amount of Gain Recognized in AOCI (Effective Portion)
	Quarters Ended					Six Months Ended
	July 4, 2015		June 28, 2014			July 4, 2015		June 28, 2014
Foreign exchange contracts	$	468	$	(997	)	$	11,653	$	(855	)

	Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain Reclassified from AOCI into Income (Effective Portion)				Amount of Gain Reclassified from AOCI into Income (Effective Portion)
		Quarters Ended				Six Months Ended
		July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Foreign exchange contracts	Cost of sales	$	3,823	$	355	$	4,658	$	1,030

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 Condensed Consolidated Statements of Income is as follows:

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income						Amount of Gain (Loss) Recognized in Income
		Quarters Ended						Six Months Ended
		July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Foreign exchange contracts	Selling, general and administrative expenses	$	(5,046	)	$	(322	)	$	(1,576	)	$	(372	)

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Consolidating Financial Information (Condensed Consolidating Statement of Cash Flows) (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ (233,068)	$ 4,938
Investing activities:
Payments to Acquire Property, Plant, and Equipment	(56,238)	(24,585)
Proceeds from sales of assets	5,145	4,918
Acquisition of business, net of cash acquired	193,461	0
Net cash from investing activities	(244,554)	(19,667)
Financing activities:
Borrowings on notes payable	177,730	66,737
Repayments on notes payable	(200,706)	(61,957)
Borrowings on Accounts Receivable Securitization Facility	134,339	115,609
Repayments on Accounts Receivable Securitization Facility	(113,168)	(72,399)
Borrowings on Revolving Loan Facility	2,794,000	1,782,500
Repayments on Revolving Loan Facility	(2,970,500)	(1,726,500)
Repayments on Euro Term Loan Facility	(2,004)	0
Borrowings on Term Loan A Facility	425,000	0
Repayments of Other Long-term Debt	(5,313)	0
Borrowings on Term Loan B Facility	425,000	0
Repayments on Term Loan B Facility	(1,063)	0
Cash dividends paid	(81,470)	(59,731)
Taxes paid related to net shares settlement of equity awards	(47,432)	(10,342)
Excess tax benefit from stock-based compensation	34,127	7,895
Debt issuance costs and other	(11,839)	806
Net transactions with related entities	0	0
Net cash from financing activities	556,701	42,618
Effect of changes in foreign exchange rates on cash	(3,580)	(135)
Change in cash and cash equivalents	75,499	27,754
Cash and cash equivalents at beginning of year	239,855	115,863
Cash and cash equivalents at end of period	315,354	143,617
Parent Company
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(62,363)	210,832
Investing activities:
Payments to Acquire Property, Plant, and Equipment	(10,280)	(6,995)
Proceeds from sales of assets	18	0
Acquisition of business, net of cash acquired	0
Net cash from investing activities	(10,262)	(6,995)
Financing activities:
Borrowings on notes payable	0	0
Repayments on notes payable	0	0
Borrowings on Accounts Receivable Securitization Facility	0	0
Repayments on Accounts Receivable Securitization Facility	0	0
Borrowings on Revolving Loan Facility	2,794,000	1,782,500
Repayments on Revolving Loan Facility	(2,970,500)	(1,726,500)
Repayments on Euro Term Loan Facility	0
Borrowings on Term Loan A Facility	425,000
Repayments of Other Long-term Debt	(5,313)
Borrowings on Term Loan B Facility	425,000
Repayments on Term Loan B Facility	(1,063)
Cash dividends paid	(81,470)	(59,731)
Taxes paid related to net shares settlement of equity awards	(47,432)	(10,342)
Excess tax benefit from stock-based compensation	34,127	7,895
Debt issuance costs and other	1,697	1,146
Net transactions with related entities	(475,121)	(201,067)
Net cash from financing activities	98,925	(206,099)
Effect of changes in foreign exchange rates on cash	0	0
Change in cash and cash equivalents	26,300	(2,262)
Cash and cash equivalents at beginning of year	10,910	5,695
Cash and cash equivalents at end of period	37,210	3,433
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	168,523	150,068
Investing activities:
Payments to Acquire Property, Plant, and Equipment	(7,301)	(3,194)
Proceeds from sales of assets	4,330	0
Acquisition of business, net of cash acquired	193,461
Net cash from investing activities	(196,432)	(3,194)
Financing activities:
Borrowings on notes payable	0	0
Repayments on notes payable	0	0
Borrowings on Accounts Receivable Securitization Facility	0	0
Repayments on Accounts Receivable Securitization Facility	0	0
Borrowings on Revolving Loan Facility	0	0
Repayments on Revolving Loan Facility	0	0
Repayments on Euro Term Loan Facility	0
Borrowings on Term Loan A Facility	0
Repayments of Other Long-term Debt	0
Borrowings on Term Loan B Facility	0
Repayments on Term Loan B Facility	0
Cash dividends paid	0	0
Taxes paid related to net shares settlement of equity awards	0	0
Excess tax benefit from stock-based compensation	0	0
Debt issuance costs and other	0	0
Net transactions with related entities	29,654	(149,787)
Net cash from financing activities	29,654	(149,787)
Effect of changes in foreign exchange rates on cash	0	0
Change in cash and cash equivalents	1,745	(2,913)
Cash and cash equivalents at beginning of year	10,796	7,811
Cash and cash equivalents at end of period	12,541	4,898
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	67,285	18,064
Investing activities:
Payments to Acquire Property, Plant, and Equipment	(38,657)	(14,396)
Proceeds from sales of assets	797	4,918
Acquisition of business, net of cash acquired	0
Net cash from investing activities	(37,860)	(9,478)
Financing activities:
Borrowings on notes payable	177,730	66,737
Repayments on notes payable	(200,706)	(61,957)
Borrowings on Accounts Receivable Securitization Facility	134,339	115,609
Repayments on Accounts Receivable Securitization Facility	(113,168)	(72,399)
Borrowings on Revolving Loan Facility	0	0
Repayments on Revolving Loan Facility	0	0
Repayments on Euro Term Loan Facility	(2,004)
Borrowings on Term Loan A Facility	0
Repayments of Other Long-term Debt	0
Borrowings on Term Loan B Facility	0
Repayments on Term Loan B Facility	0
Cash dividends paid	0	0
Taxes paid related to net shares settlement of equity awards	0	0
Excess tax benefit from stock-based compensation	0	0
Debt issuance costs and other	(14,337)	(486)
Net transactions with related entities	39,755	(23,026)
Net cash from financing activities	21,609	24,478
Effect of changes in foreign exchange rates on cash	(3,580)	(135)
Change in cash and cash equivalents	47,454	32,929
Cash and cash equivalents at beginning of year	218,149	102,357
Cash and cash equivalents at end of period	265,603	135,286
Consolidating Entries and Eliminations
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(406,513)	(374,026)
Investing activities:
Payments to Acquire Property, Plant, and Equipment	0	0
Proceeds from sales of assets	0	0
Acquisition of business, net of cash acquired	0
Net cash from investing activities	0	0
Financing activities:
Borrowings on notes payable	0	0
Repayments on notes payable	0	0
Borrowings on Accounts Receivable Securitization Facility	0	0
Repayments on Accounts Receivable Securitization Facility	0	0
Borrowings on Revolving Loan Facility	0	0
Repayments on Revolving Loan Facility	0	0
Repayments on Euro Term Loan Facility	0
Borrowings on Term Loan A Facility	0
Repayments of Other Long-term Debt	0
Borrowings on Term Loan B Facility	0
Repayments on Term Loan B Facility	0
Cash dividends paid	0	0
Taxes paid related to net shares settlement of equity awards	0	0
Excess tax benefit from stock-based compensation	0	0
Debt issuance costs and other	801	146
Net transactions with related entities	405,712	373,880
Net cash from financing activities	406,513	374,026
Effect of changes in foreign exchange rates on cash	0	0
Change in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of year	0	0
Cash and cash equivalents at end of period	$ 0	$ 0

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Financial Instruments and Risk Management (Effect of mark to market hedge derivative instruments on Condensed Consolidated Statements of Income) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Foreign Exchange Contract | Selling, General and Administrative Expenses [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amounts of Gain Recognized in Income	$ (5,046)	$ (322)	$ 1,576	$ 372

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(Accumulated Other Comprehensive Income (Loss) Rollforward) (Details) $ in Thousands	6 Months Ended
	Jul. 04, 2015 USD ($)
Accumulated Other Comprehensive Income (Loss), Tax [Roll Forward]
Balance at January 3, 2015, tax	$ 221,507
Amounts reclassified from accumulated other comprehensive loss, tax	(1,143)
Current-period other comprehensive income (loss) activity, tax	(2,591)
Balance at July 4, 2015, tax	217,773
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance at January 3, 2015, net of tax	(372,589)
Amounts reclassified from accumulated other comprehensive loss, net of tax	(915)
Current-period other comprehensive income (loss) activity, net of tax	5,252
Balance at July 4, 2015, net of tax	(368,252)
Cumulative translation adjustment
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance at January 3, 2015, before tax	(34,099)
Amounts reclassified from accumulated other comprehensive loss, before tax	0
Current-period other comprehensive income (loss) activity, before tax	(628)
Balance at July 4, 2015, before tax	(34,727)
Foreign exchange contracts
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance at January 3, 2015, before tax	4,834
Amounts reclassified from accumulated other comprehensive loss, before tax	(4,658)
Current-period other comprehensive income (loss) activity, before tax	11,653
Balance at July 4, 2015, before tax	11,829
Defined benefit plans
Accumulated Other Comprehensive Income (Loss), Before Tax [Roll Forward]
Balance at January 3, 2015, before tax	(564,831)
Amounts reclassified from accumulated other comprehensive loss, before tax	4,886
Current-period other comprehensive income (loss) activity, before tax	(3,182)
Balance at July 4, 2015, before tax	$ (563,127)

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Consolidating Financial Information (Additional Information) (Detail) - USD ($)	Jul. 04, 2015	Nov. 09, 2010
Condensed Financial Statements, Captions [Line Items]
Owned Operating Division of Parent Company	100.00%
6.375% Senior Notes
Condensed Financial Statements, Captions [Line Items]
Senior Notes Issued		$ 1,000,000,000
Interest Rate on Senior Notes Issued	6.375%	6.375%

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Recent Accounting Pronouncements

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Recent Accounting Pronouncements

Recent Accounting Pronouncements

Revenue from Contracts with Customers

In July 2015, the FASB decided to delay effective dates for the new accounting rules related to revenue recognition for contracts with customers by one year. The new standard will be effective for the Company in the first quarter of 2018 with retrospective application required. 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.

Debt Issuance Costs

In April 2015, the FASB issued new accounting rules, which require debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. The new rules will be effective for the Company in the first quarter of 2016. 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 or cash flows.

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Fair Value of Assets and Liabilities (Additional Information) (Detail) - USD ($) $ in Thousands	Jul. 04, 2015	Jan. 03, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Allowance for Doubtful Accounts Receivable, Current	$ 29,243	$ 16,856
Carrying value of debt	2,484,325	1,839,314
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	$ 2,573,466	$ 1,893,514

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Acquisitions Narrative (Details) € in Thousands, $ in Thousands				3 Months Ended
	Apr. 06, 2015 USD ($)	Aug. 29, 2014 EUR (€)	Aug. 29, 2014 USD ($)	Jul. 04, 2015 USD ($)
Knights Apparel
Business Acquisition [Line Items]
Payments to acquire businesses	$ 193,520
Revenue of acquiree since acquisition date				$ 37,100
Pretax earnings of acquiree since acquisition date				$ 5,031
DBA Lux Holding S.A. [Member]
Business Acquisition [Line Items]
Payments to acquire businesses | €		€ 400,000
Consideration transferred		€ 297,031	$ 391,861
Trademarks And Brand Names [Member] | Knights Apparel
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired	12,000
Licensing Agreements [Member] | Knights Apparel
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 31,200
Finite-Lived Intangible Asset, Useful Life	14 years
Distributor Relationships [Member] | Knights Apparel
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 14,500
Finite-Lived Intangible Asset, Useful Life	12 years
Noncompete Agreements [Member] | Knights Apparel
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 2,250
Finite-Lived Intangible Asset, Useful Life	1 year

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Consolidating Financial Information (Tables)

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Condensed Consolidating Statement of Income (Loss)

	Condensed Consolidating Statement of Comprehensive Income Quarter Ended July 4, 2015
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net sales	$	1,205,550	$	242,526	$	756,240	$	(682,283	)	$	1,522,033
Cost of sales	932,461		129,200		550,424		(658,277		)	953,808
Gross profit	273,089		113,326		205,816		(24,006		)	568,225
Selling, general and administrative expenses	243,596		52,772		133,428		(504		)	429,292
Operating profit	29,493		60,554		72,388		(23,502		)	138,933
Equity in earnings of subsidiaries	90,055		66,942		—		(156,997		)	—
Other expenses	830		—		—		—			830
Interest expense, net	21,578		—		7,634		(192		)	29,020
Income before income tax expense	97,140		127,496		64,754		(180,307		)	109,083
Income tax expense	2,238		11,297		646					14,181
Net income	$	94,902	$	116,199	$	64,108	$	(180,307	)	$	94,902
Comprehensive income	$	94,396	$	116,199	$	70,011	$	(186,210	)	$	94,396

	Condensed Consolidating Statement of Comprehensive Income Quarter Ended June 28, 2014
	Parent Company		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net sales	$	1,186,489	$	190,946		$	607,973	$	(643,356	)	$	1,342,052
Cost of sales	897,376		90,178			458,668		(608,524		)	837,698
Gross profit	289,113		100,768			149,305		(34,832		)	504,354
Selling, general and administrative expenses	215,474		53,922			29,619		(1,785		)	297,230
Operating profit	73,639		46,846			119,686		(33,047		)	207,124
Equity in earnings of subsidiaries	120,322		93,613			—		(213,935		)	—
Other expenses	660		—			—		—			660
Interest expense, net	19,058		(88		)	1,979		170			21,119
Income before income tax expense	174,243		140,547			117,707		(247,152		)	185,345
Income tax expense	19,665		8,070			3,032		—			30,767
Net income	$	154,578	$	132,477		$	114,675	$	(247,152	)	$	154,578
Comprehensive income	$	158,546	$	132,477		$	117,159	$	(249,636	)	$	158,546

	Condensed Consolidating Statement of Comprehensive Income Six Months Ended July 4, 2015
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net sales	$	2,156,640		$	395,700		$	1,548,252	$	(1,369,638	)	$	2,730,954
Cost of sales	1,705,350			203,510			1,150,834		(1,343,196		)	1,716,498
Gross profit	451,290			192,190			397,418		(26,442		)	1,014,456
Selling, general and administrative expenses	468,278			105,636			213,882		(2,204		)	785,592
Operating profit	(16,988		)	86,554			183,536		(24,238		)	228,864
Equity in earnings of subsidiaries	221,221			175,112			—		(396,333		)	—
Other expenses	1,212			—			—		—			1,212
Interest expense, net	40,701			(4		)	15,416		(206		)	55,907
Income before income tax expense	162,320			261,670			168,120		(420,365		)	171,745
Income tax expense	14,782			207			9,218		—			24,207
Net income	$	147,538		$	261,463		$	158,902	$	(420,365	)	$	147,538
Comprehensive income	$	151,875		$	261,463		$	160,415	$	(421,878	)	$	151,875

	Condensed Consolidating Statement of Comprehensive Income Six Months Ended June 28, 2014
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net sales	$	2,078,819	$	410,896	$	1,168,159	$	(1,256,452	)	$	2,401,422
Cost of sales	1,618,522		223,659		889,218		(1,191,108		)	1,540,291
Gross profit	460,297		187,237		278,941		(65,344		)	861,131
Selling, general and administrative expenses	406,179		123,945		56,098		(4,003		)	582,219
Operating profit	54,118		63,292		222,843		(61,341		)	278,912
Equity in earnings of subsidiaries	205,387		168,473		—		(373,860		)	—
Other expenses	1,095		—		—		—			1,095
Interest expense, net	36,942		1,898		4,035		62			42,937
Income before income tax expense	221,468		229,867		218,808		(435,263		)	234,880
Income tax expense	25,330		5,756		7,656		—			38,742
Net income	$	196,138	$	224,111	$	211,152	$	(435,263	)	$	196,138
Comprehensive income	$	199,325	$	224,111	$	211,371	$	(435,482	)	$	199,325

Condensed Consolidating Balance Sheet

	Condensed Consolidating Balance Sheet July 4, 2015
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets
Cash and cash equivalents	$	37,210	$	12,541	$	265,603	$	—		$	315,354
Trade accounts receivable, net	109,247		104,605		622,557		(1,110		)	835,299
Inventories	1,105,921		179,184		651,750		(170,094		)	1,766,761
Deferred tax assets	198,997		4,194		11,277		—			214,468
Other current assets	84,115		10,146		70,179		—			164,440
Total current assets	1,535,490		310,670		1,621,366		(171,204		)	3,296,322
Property, net	94,661		39,827		524,301		—			658,789
Trademarks and other identifiable intangibles, net	3,817		135,849		574,117		—			713,783
Goodwill	232,882		244,640		357,505		—			835,027
Investments in subsidiaries	4,157,147		2,016,195		—		(6,173,342		)	—
Deferred tax assets	200,363		74,734		15,976		—			291,073
Receivables from related entities	4,905,444		4,711,239		2,203,829		(11,820,512		)	—
Other noncurrent assets	61,515		426		15,446		—			77,387
Total assets	$	11,191,319	$	7,533,580	$	5,312,540	$	(18,165,058	)	$	5,872,381
Liabilities and Stockholders’  Equity
Accounts payable	$	371,318	$	30,282	$	259,769	$	—		$	661,369
Accrued liabilities	184,331		50,106		239,456		(955		)	472,938
Notes payable	—		—		112,818		—			112,818
Accounts Receivable Securitization Facility	—		—		232,134		—			232,134
Current portion of long-term debt	25,500		—		8,931		—			34,431
Total current liabilities	581,149		80,388		853,108		(955		)	1,513,690
Long-term debt	1,818,125		—		399,635		—			2,217,760
Pension and postretirement benefits	299,136		—		65,297		—			364,433
Payables to related entities	6,902,814		3,488,083		1,421,260		(11,812,157		)	—
Other noncurrent liabilities	138,323		31,423		154,980		—			324,726
Total liabilities	9,739,547		3,599,894		2,894,280		(11,813,112		)	4,420,609
Stockholders’ equity	1,451,772		3,933,686		2,418,260		(6,351,946		)	1,451,772
Total liabilities and stockholders’ equity	$	11,191,319	$	7,533,580	$	5,312,540	$	(18,165,058	)	$	5,872,381

	Condensed Consolidating Balance Sheet January 3, 2015
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets
Cash and cash equivalents	$	10,910	$	10,796	$	218,149	$	—		$	239,855
Trade accounts receivable, net	73,794		37,511		561,514		(771		)	672,048
Inventories	958,376		120,341		607,356		(148,873		)	1,537,200
Deferred tax assets	200,050		3,515		11,500		—			215,065
Other current assets	38,446		11,224		51,394		—			101,064
Total current assets	1,281,576		183,387		1,449,913		(149,644		)	2,765,232
Property, net	88,599		46,221		539,559		—			674,379
Trademarks and other identifiable intangibles, net	4,102		79,393		607,706		—			691,201
Goodwill	232,881		124,247		365,992		—			723,120
Investments in subsidiaries	3,732,783		1,792,790		—		(5,525,573		)	—
Deferred tax assets	202,910		74,735		16,702		—			294,347
Receivables from related entities	4,585,755		4,471,644		2,087,280		(11,144,679		)	—
Other noncurrent assets	55,540		428		17,534		—			73,502
Total assets	$	10,184,146	$	6,772,845	$	5,084,686	$	(16,819,896	)	$	5,221,781
Liabilities and Stockholders’  Equity
Accounts payable	$	353,799	$	11,925	$	255,496	$	—		$	621,220
Accrued liabilities	190,739		61,339		242,437		1,112			495,627
Notes payable	—		—		144,438		—			144,438
Accounts Receivable Securitization Facility	—		—		210,963		—			210,963
Current portion of long-term debt	—		—		14,354		—			14,354
Total current liabilities	544,538		73,264		867,688		1,112			1,486,602
Long-term debt	1,176,500		—		437,497		—			1,613,997
Pension and postretirement benefits	399,931		—		72,072		—			472,003
Payables to related entities	6,544,095		3,270,513		1,330,071		(11,144,679		)	—
Other noncurrent liabilities	132,310		12,609		118,287		(799		)	262,407
Total liabilities	8,797,374		3,356,386		2,825,615		(11,144,366		)	3,835,009
Stockholders’ equity	1,386,772		3,416,459		2,259,071		(5,675,530		)	1,386,772
Total liabilities and stockholders’ equity	$	10,184,146	$	6,772,845	$	5,084,686	$	(16,819,896	)	$	5,221,781

	Condensed Consolidating Statement of Cash Flows Six Months Ended July 4, 2015
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net cash from operating activities	$	(62,363	)	$	168,523		$	67,285		$	(406,513	)	$	(233,068	)
Investing activities:
Purchases of property, plant and equipment	(10,280		)	(7,301		)	(38,657		)	—			(56,238		)
Proceeds from sales of assets	18			4,330			797			—			5,145
Acquisition of business, net of cash acquired	—			(193,461		)	—			—			(193,461		)
Net cash from investing activities	(10,262		)	(196,432		)	(37,860		)	—			(244,554		)
Financing activities:
Borrowings on notes payable	—			—			177,730			—			177,730
Repayments on notes payable	—			—			(200,706		)	—			(200,706		)
Borrowings on Accounts Receivable Securitization Facility	—			—			134,339			—			134,339
Repayments on Accounts Receivable Securitization Facility	—			—			(113,168		)	—			(113,168		)
Borrowings on Revolving Loan Facility	2,794,000			—			—			—			2,794,000
Repayments on Revolving Loan Facility	(2,970,500		)	—			—			—			(2,970,500		)
Repayments on Euro Term Loan Facility	—			—			(2,004		)	—			(2,004		)
Borrowings on Term Loan A Facility	425,000			—			—			—			425,000
Repayments on Term Loan A Facility	(5,313		)	—			—			—			(5,313		)
Borrowings on Term Loan B Facility	425,000			—			—			—			425,000
Repayments on Term Loan B Facility	(1,063		)	—			—			—			(1,063		)
Cash dividends paid	(81,470		)	—			—			—			(81,470		)
Taxes paid related to net shares settlement of equity awards	(47,432		)	—			—			—			(47,432		)
Excess tax benefit from stock-based compensation	34,127			—			—			—			34,127
Other	1,697			—			(14,337		)	801			(11,839		)
Net transactions with related entities	(475,121		)	29,654			39,755			405,712			—
Net cash from financing activities	98,925			29,654			21,609			406,513			556,701
Effect of changes in foreign exchange rates on cash	—			—			(3,580		)	—			(3,580		)
Change in cash and cash equivalents	26,300			1,745			47,454			—			75,499
Cash and cash equivalents at beginning of year	10,910			10,796			218,149			—			239,855
Cash and cash equivalents at end of period	$	37,210		$	12,541		$	265,603		$	—		$	315,354

Condensed Consolidating Statement of Cash Flows

	Condensed Consolidating Statement of Cash Flows Six Months Ended July 4, 2015
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net cash from operating activities	$	(62,363	)	$	168,523		$	67,285		$	(406,513	)	$	(233,068	)
Investing activities:
Purchases of property, plant and equipment	(10,280		)	(7,301		)	(38,657		)	—			(56,238		)
Proceeds from sales of assets	18			4,330			797			—			5,145
Acquisition of business, net of cash acquired	—			(193,461		)	—			—			(193,461		)
Net cash from investing activities	(10,262		)	(196,432		)	(37,860		)	—			(244,554		)
Financing activities:
Borrowings on notes payable	—			—			177,730			—			177,730
Repayments on notes payable	—			—			(200,706		)	—			(200,706		)
Borrowings on Accounts Receivable Securitization Facility	—			—			134,339			—			134,339
Repayments on Accounts Receivable Securitization Facility	—			—			(113,168		)	—			(113,168		)
Borrowings on Revolving Loan Facility	2,794,000			—			—			—			2,794,000
Repayments on Revolving Loan Facility	(2,970,500		)	—			—			—			(2,970,500		)
Repayments on Euro Term Loan Facility	—			—			(2,004		)	—			(2,004		)
Borrowings on Term Loan A Facility	425,000			—			—			—			425,000
Repayments on Term Loan A Facility	(5,313		)	—			—			—			(5,313		)
Borrowings on Term Loan B Facility	425,000			—			—			—			425,000
Repayments on Term Loan B Facility	(1,063		)	—			—			—			(1,063		)
Cash dividends paid	(81,470		)	—			—			—			(81,470		)
Taxes paid related to net shares settlement of equity awards	(47,432		)	—			—			—			(47,432		)
Excess tax benefit from stock-based compensation	34,127			—			—			—			34,127
Other	1,697			—			(14,337		)	801			(11,839		)
Net transactions with related entities	(475,121		)	29,654			39,755			405,712			—
Net cash from financing activities	98,925			29,654			21,609			406,513			556,701
Effect of changes in foreign exchange rates on cash	—			—			(3,580		)	—			(3,580		)
Change in cash and cash equivalents	26,300			1,745			47,454			—			75,499
Cash and cash equivalents at beginning of year	10,910			10,796			218,149			—			239,855
Cash and cash equivalents at end of period	$	37,210		$	12,541		$	265,603		$	—		$	315,354

	Condensed Consolidating Statement of Cash Flow Six Months Ended June 28, 2014
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net cash from operating activities	$	210,832		$	150,068		$	18,064		$	(374,026	)	$	4,938
Investing activities:
Purchases of property, plant and equipment	(6,995		)	(3,194		)	(14,396		)	—			(24,585		)
Proceeds from sales of assets	—			—			4,918			—			4,918
Net cash from investing activities	(6,995		)	(3,194		)	(9,478		)	—			(19,667		)
Financing activities:
Borrowings on notes payable	—			—			66,737			—			66,737
Repayments on notes payable	—			—			(61,957		)	—			(61,957		)
Borrowings on Accounts Receivable Securitization Facility	—			—			115,609			—			115,609
Repayments on Accounts Receivable Securitization Facility	—			—			(72,399		)	—			(72,399		)
Borrowings on Revolving Loan Facility	1,782,500			—			—			—			1,782,500
Repayments on Revolving Loan Facility	(1,726,500		)	—			—			—			(1,726,500		)
Cash dividends paid	(59,731		)	—			—			—			(59,731		)
Taxes paid related to net shares settlement of equity awards	(10,342		)	—			—			—			(10,342		)
Excess tax benefit from stock-based compensation	7,895			—			—			—			7,895
Other	1,146			—			(486		)	146			806
Net transactions with related entities	(201,067		)	(149,787		)	(23,026		)	373,880			—
Net cash from financing activities	(206,099		)	(149,787		)	24,478			374,026			42,618
Effect of changes in foreign exchange rates on cash	—			—			(135		)	—			(135		)
Change in cash and cash equivalents	(2,262		)	(2,913		)	32,929			—			27,754
Cash and cash equivalents at beginning of year	5,695			7,811			102,357			—			115,863
Cash and cash equivalents at end of period	$	3,433		$	4,898		$	135,286		$	—		$	143,617

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Fair Value of Assets and Liabilities (Fair Value of Financial Assets and Liabilities Measured on Recurring Basis) (Detail) - USD ($) $ in Thousands	Jul. 04, 2015	Jan. 03, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets and liabilities	$ 7,449	$ 6,298
Fair Value, Measurements, Recurring | Quoted Prices In Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets and liabilities	0	0
Deferred Compensation Plan, Fair Value of Plan Liability	0	0
Net Effect Of Financial Asset Less Financial Liability	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets and liabilities	7,449	6,298
Deferred Compensation Plan, Fair Value of Plan Liability	(32,780)	(28,289)
Net Effect Of Financial Asset Less Financial Liability	(25,331)	(21,991)
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets and liabilities	0	0
Deferred Compensation Plan, Fair Value of Plan Liability	0	0
Net Effect Of Financial Asset Less Financial Liability	0	0
Fair Value, Measurements, Recurring | Foreign exchange derivative contracts | Quoted Prices In Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	0	0
Fair Value, Measurements, Recurring | Foreign exchange derivative contracts | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	8,024	6,407
Total derivative liabilities	(575)	(109)
Fair Value, Measurements, Recurring | Foreign exchange derivative contracts | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total derivative assets	0	0
Total derivative liabilities	$ 0	$ 0

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Acquisitions Acquisitions (Details) - USD ($) $ in Thousands	Jul. 04, 2015	Apr. 06, 2015	Jan. 03, 2015
Business Acquisition [Line Items]
Goodwill	$ 835,027		$ 723,120
Knights Apparel
Business Acquisition [Line Items]
Cash and cash equivalents		$ 59
Trade accounts receivable		14,879
Inventories		22,820
Deferred tax assets, prepaid expenses and other current assets		2,190
Trademarks and other identifiable intangibles		59,950
Total assets acquired		99,898
Accounts payable		3,742
Accrued liabilities and other		3,065
Deferred tax liabilities and other noncurrent liabilities		19,964
Total liabilities assumed		26,771
Net assets acquired		73,127
Goodwill		120,393
Purchase price		$ 193,520

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Acquisitions Acquisition Pro Forma (Details) - Pro Forma [Member] - Knights Apparel - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Business Acquisition [Line Items]
Pro forma revenue	$ 1,522,033	$ 1,371,070	$ 2,753,111	$ 2,449,092
Pro forma net income	$ 100,206	$ 154,789	$ 150,607	$ 188,126
Pro forma earnings per share, basic	$ 0.25	$ 0.39	$ 0.37	$ 0.47
Pro forma earnings per share, diluted	$ 0.25	$ 0.38	$ 0.37	$ 0.46

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Basis of Presentation

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Basis of Presentation

Basis of Presentation

These statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and, in accordance with those rules and regulations, do not include all information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Management believes that the disclosures made are adequate for a fair statement of the results of operations, financial condition and cash flows of Hanesbrands Inc., a Maryland corporation, and its consolidated subsidiaries (the “Company” or “Hanesbrands”). In the opinion of management, the condensed consolidated interim financial statements reflect all adjustments, which consist only of normal recurring adjustments, necessary to state fairly the results of operations, financial condition and cash flows for the interim periods presented herein. The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make use of estimates and assumptions that affect the reported amounts and disclosures. Actual results may vary from these estimates. A subsidiary of the Company closes one week earlier than the Company’s consolidated quarter end. The difference in reporting one week of financial information for this subsidiary did not have a material impact on the Company’s financial condition, results of operations or cash flows.

Certain prior year amounts in the notes to condensed consolidated financial statements, none of which are material, have been reclassified to conform with the current year presentation. These reclassifications had no impact on the Company’s results of operations.

These condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s most recent Annual Report on Form 10-K. The results of operations for any interim period are not necessarily indicative of the results of operations to be expected for the full year.

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Earnings Per Share and Dividends (Reconciliation of basic to diluted weighted average shares) (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Effect of potentially dilutive securities:
Basic weighted average shares outstanding	403,949	401,920	403,819	401,728
Stock options	2,091	4,652	2,150	4,844
Restricted stock units	1,468	1,656	1,399	1,572
Employee stock purchase plan and other	2	0	16	0
Diluted weighted average shares outstanding	407,510	408,228	407,384	408,144
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0
Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0

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Financial Instruments and Risk Management (Fair Values of Derivative Instruments) (Detail) - USD ($) $ in Thousands	Jul. 04, 2015	Jan. 03, 2015
Derivatives, Fair Value [Line Items]
Fair value of assets and liabilities	$ 7,449	$ 6,298
Other current assets
Derivatives, Fair Value [Line Items]
Total derivative assets	8,024	6,407
Other current assets | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivative assets	5,065	3,447
Other current assets | Non-hedges
Derivatives, Fair Value [Line Items]
Total derivative assets	2,959	2,960
Accrued liabilities
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(575)	(109)
Accrued liabilities | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total derivative liabilities	(510)	0
Accrued liabilities | Non-hedges
Derivatives, Fair Value [Line Items]
Total derivative liabilities	$ (65)	$ (109)

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Condensed Consolidated Statements of Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Statement Condensed Consolidated Statements of Income (Loss) Unaudited [Abstract]
Net sales	$ 1,522,033	$ 1,342,052	$ 2,730,954	$ 2,401,422
Cost of sales	953,808	837,698	1,716,498	1,540,291
Gross profit	568,225	504,354	1,014,456	861,131
Selling, general and administrative expenses	429,292	297,230	785,592	582,219
Operating profit	138,933	207,124	228,864	278,912
Other expenses	830	660	1,212	1,095
Interest expense, net	29,020	21,119	55,907	42,937
Income before income tax expense	109,083	185,345	171,745	234,880
Income tax expense	14,181	30,767	24,207	38,742
Net income	$ 94,902	$ 154,578	$ 147,538	$ 196,138
Earnings per share:
Net income (loss) (usd per share)	$ 0.23	$ 0.38	$ 0.37	$ 0.49
Earnings per share — diluted:
Net income (loss) (usd per share)	$ 0.23	$ 0.38	$ 0.36	$ 0.48

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Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Income Tax Disclosure [Abstract]
Effective Income Tax Rate, Percent	13.00%	17.00%	14.00%	16.00%

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Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 04, 2015	Jan. 03, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	402,476,510	400,789,120
Common stock, shares outstanding	402,476,510	400,789,120

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Debt (Detail) - USD ($) $ in Thousands	Jul. 04, 2015	Jan. 03, 2015	Nov. 09, 2010
Debt Instrument [Line Items]
Principal Amount	$ 2,484,325	$ 1,839,314
Long-term Debt, Current Maturities	266,565	225,317
Long-term debt	$ 2,217,760	1,613,997
Revolving Loan Facility
Debt Instrument [Line Items]
Interest Rate as of April 4, 2015	0.00%
Principal Amount	$ 0	176,500
Euro Term Loan
Debt Instrument [Line Items]
Interest Rate as of April 4, 2015	3.50%
Principal Amount	$ 397,225	436,953
Term Loan A
Debt Instrument [Line Items]
Interest Rate as of April 4, 2015	1.6475%
Principal Amount	$ 419,688	0
Term Loan B
Debt Instrument [Line Items]
Interest Rate as of April 4, 2015	3.25%
Principal Amount	$ 423,938	0
6.375% Senior Notes
Debt Instrument [Line Items]
Interest Rate as of April 4, 2015	6.375%		6.375%
Principal Amount	$ 1,000,000	1,000,000
Accounts Receivable Securitization Facility
Debt Instrument [Line Items]
Interest Rate as of April 4, 2015	1.08157%
Principal Amount	$ 232,134	210,963
Other International Debt
Debt Instrument [Line Items]
Principal Amount	$ 11,340	$ 14,898

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Inventories (Tables)

6 Months Ended

Jul. 04, 2015

Inventory Disclosure [Abstract]

Inventories

Inventories consisted of the following:

	July 4, 2015		January 3, 2015
Raw materials	$	179,215	$	155,073
Work in process	188,594		164,686
Finished goods	1,398,952		1,217,441
	$	1,766,761	$	1,537,200

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Debt (Additional Information) (Detail)	3 Months Ended	6 Months Ended
	Jul. 04, 2015 USD ($)	Jul. 04, 2015 USD ($)	Apr. 29, 2015 USD ($)
Debt Instrument [Line Items]
Prepayment fee	1.00%	1.00%
Other International Debt
Debt Instrument [Line Items]
Interest rate, range, minimum	1.485%
Interest rate, range, maximum	6.25%
Revolving Loan Facility
Debt Instrument [Line Items]
Maximum borrowing capacity prior to amendment			$ 1,100,000,000
Remaining capacity under senior secured credit facility	$ 981,943,000	$ 981,943,000
Maximum borrowing capacity under revolving credit facility	1,000,000,000	1,000,000,000	1,000,000,000
Trade letters of credit issued	18,057,000	18,057,000
Term Loans
Debt Instrument [Line Items]
Term loans borrowing capacity			850,000,000
Term Loan A
Debt Instrument [Line Items]
Term loans borrowing capacity			425,000,000
Repayments of Principal in Next Twelve Months	0.050	0.050
Repayments of Principal in Year Two	0.075	0.075
Repayments of Principal in Year Three	0.100	0.100
Repayments of Principal in Year Four	0.100	0.100
Repayments of Principal in Year Five	$ 0.150	$ 0.150
Term Loan B
Debt Instrument [Line Items]
Term loans borrowing capacity			$ 425,000,000
Quarterly repayment installments	0.25%
Revolving Loan Facility, Term Loan A Facility and Term Loan B Facility
Debt Instrument [Line Items]
Base Rate Loans Highest Interest Above Federal Funds Rate		0.50%
Percent Above LIBOR Loans with One-Month Interest Period		1.00%
Senior Secured Credit Facility
Debt Instrument [Line Items]
Capitalized Debt Issuance Cost	$ 10,900,000
Voting Securities Of First Tier Foreign Subsidiaries Granted Under Security Interest		65.00%
Leverage Ratio	4	4
Permitted Acquisition Amount for Increase Leverage Ratio		$ 200,000,000
Leverage Ratio After Permitted Acquisition		4.5
Interest Coverage Ratio		3
LIBO | Term Loan B
Debt Instrument [Line Items]
Basis Spread on Variable Rate		2.50%
Base Rate
Debt Instrument [Line Items]
Basis Spread on Variable Rate		1.00%
Base Rate | Term Loan B
Debt Instrument [Line Items]
Basis Spread on Variable Rate		1.50%
EURIBO | Euro Term Loan
Debt Instrument [Line Items]
Basis Spread on Variable Rate		2.75%
Fourth Tier | Revolving Loan Facility and Term Loan A Facility
Debt Instrument [Line Items]
Leverage Ratio	4.00	4.00
Fourth Tier | LIBO
Debt Instrument [Line Items]
Basis Spread on Variable Rate		2.00%
Third Tier | Maximum
Debt Instrument [Line Items]
Leverage Ratio	4	4
Third Tier | Minimum
Debt Instrument [Line Items]
Leverage Ratio	3.25	3.25
Third Tier | LIBO
Debt Instrument [Line Items]
Basis Spread on Variable Rate		1.75%
Third Tier | Base Rate
Debt Instrument [Line Items]
Basis Spread on Variable Rate		0.75%
Second Tier | Maximum
Debt Instrument [Line Items]
Leverage Ratio	3.25	3.25
Second Tier | Minimum
Debt Instrument [Line Items]
Leverage Ratio	2.5	2.5
Second Tier | LIBO
Debt Instrument [Line Items]
Basis Spread on Variable Rate		1.50%
Second Tier | Base Rate
Debt Instrument [Line Items]
Basis Spread on Variable Rate		0.50%
First Tier
Debt Instrument [Line Items]
Leverage Ratio	2.5	2.5
First Tier | LIBO
Debt Instrument [Line Items]
Basis Spread on Variable Rate		1.25%
First Tier | Base Rate
Debt Instrument [Line Items]
Basis Spread on Variable Rate		0.25%

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Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The components of Accumulated other comprehensive loss (“AOCI”) are as follows:

	Cumulative Translation Adjustment			Foreign Exchange Contracts			Defined Benefit Plans			Income Taxes			Accumulated Other Comprehensive Loss
Balance at January 3, 2015	$	(34,099	)	$	4,834		$	(564,831	)	$	221,507		$	(372,589	)
Amounts reclassified from accumulated other comprehensive loss	—			(4,658		)	4,886			(1,143		)	(915		)
Current-period other comprehensive income (loss) activity	(628		)	11,653			(3,182		)	(2,591		)	5,252
Balance at July 4, 2015	$	(34,727	)	$	11,829		$	(563,127	)	$	217,773		$	(368,252	)

Schedule of Reclassifications Out of Accumulated Other Comprehensive Income

The Company had the following reclassifications out of AOCI:

Component of AOCI	Location of Reclassification into Income	Amount of Reclassification from AOCI						Amount of Reclassification from AOCI
		Quarters Ended						Six Months Ended
		July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Gain on foreign exchange contracts	Cost of sales	$	3,823		$	355		$	4,658		$	1,030
	Income tax	(1,147		)	(142		)	(1,654		)	(411		)
	Net of tax	2,676			213			3,004			619
Amortization of deferred actuarial loss and prior service cost	Selling, general and administrative expenses	(2,116		)	(2,602		)	(4,886		)	(5,203		)
	Income tax	1,597			1,020			2,797			2,040
	Net of tax	(519		)	(1,582		)	(2,089		)	(3,163		)
Total reclassifications		$	2,157		$	(1,369	)	$	915		$	(2,544	)

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Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014
Operating activities:
Net income	$ 147,538	$ 196,138
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization of long-lived assets	50,807	46,040
Amortization of debt issuance costs	3,412	2,853
Stock compensation expense	6,460	8,554
Deferred taxes and other	(6,021)	(4,611)
Changes in assets and liabilities, net of acquisition of business:
Accounts receivable	(164,334)	(200,973)
Inventories	(228,738)	(117,576)
Other assets	(26,925)	6,560
Accounts payable	56,241	93,954
Accrued liabilities and other	(71,508)	(26,001)
Net cash from operating activities	(233,068)	4,938
Investing activities:
Purchases of property, plant and equipment	(56,238)	(24,585)
Proceeds from sales of assets	5,145	4,918
Acquisition of business, net of cash acquired	193,461	0
Net cash from investing activities	(244,554)	(19,667)
Financing activities:
Borrowings on notes payable	177,730	66,737
Repayments on notes payable	(200,706)	(61,957)
Borrowings on Accounts Receivable Securitization Facility	134,339	115,609
Repayments on Accounts Receivable Securitization Facility	(113,168)	(72,399)
Borrowings on Revolving Loan Facility	2,794,000	1,782,500
Repayments on Revolving Loan Facility	(2,970,500)	(1,726,500)
Repayments on Euro Term Loan Facility	(2,004)	0
Borrowings on Term Loan A Facility	425,000	0
Repayments on Term Loan A Facility	5,313	0
Borrowings on Term Loan B Facility	425,000	0
Repayments on Term Loan B Facility	(1,063)	0
Cash dividends paid	(81,470)	(59,731)
Taxes paid related to net shares settlement of equity awards	(47,432)	(10,342)
Excess tax benefit from stock-based compensation	34,127	7,895
Debt issuance costs and other	(11,839)	806
Net cash from financing activities	556,701	42,618
Effect of changes in foreign exchange rates on cash	(3,580)	(135)
Change in cash and cash equivalents	75,499	27,754
Cash and cash equivalents at beginning of year	239,855	115,863
Cash and cash equivalents at end of period	$ 315,354	$ 143,617

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Condensed Consolidated Statement of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Statement Condensed Consolidated Statements Of Comprehensive Income Unaudited [Abstract]
Net income	$ 94,902	$ 154,578	$ 147,538	$ 196,138
Other comprehensive income (loss), net of tax of $106, ($481), ($3,734) and ($1,288), respectively	(506)	3,968	4,337	3,187
Comprehensive income	$ 94,396	$ 158,546	$ 151,875	$ 199,325

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Income Taxes

6 Months Ended

Jul. 04, 2015

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The Company’s effective income tax rate was 13% and 17% for the quarters ended July 4, 2015 and June 28, 2014, respectively. The Company’s effective income tax rate was 14% and 16% for the six months ended July 4, 2015 and June 28, 2014, respectively. The lower effective income tax rate for the quarter ended July 4, 2015 compared to the quarter ended June 28, 2014 was primarily due to a lower proportion of earnings attributed to domestic subsidiaries, which are taxed at rates higher than foreign subsidiaries as well as an income tax benefit recognized in the second quarter of 2015 related to the realization of an unrecognized tax benefit resulting from the effective settlement of a position in a foreign jurisdiction. The lower effective income tax rate for the six months ended July 4, 2015 compared to the six months ended June 28, 2014 was primarily due to a lower proportion of earnings attributed to domestic subsidiaries, which are taxed at rates higher than foreign subsidiaries.

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Document and Entity Information - shares	6 Months Ended
	Jul. 04, 2015	Jul. 24, 2015
Document Documentand Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 04, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Trading Symbol	HBI
Entity Registrant Name	Hanesbrands Inc.
Entity Central Index Key	0001359841
Current Fiscal Year End Date	--01-02
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		402,476,788

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Business Segment Information

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Business Segment Information

Business Segment Information

The Company’s operations are managed and reported in four operating segments, each of which is a reportable segment for financial reporting purposes: Innerwear, Activewear, Direct to Consumer and International. These segments are organized principally by product category, geographic location and distribution channel. 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, children’s underwear, socks, panties, hosiery and intimates, 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 merchant and other channels.

• Direct to Consumer includes the Company’s value-based (“outlet”) stores and Internet operations that sell products from the Company’s portfolio of leading brands. The Company’s Internet operations are supported by its catalogs.

• International primarily relates to the Europe, Asia, Latin America, Canada and Australia 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 and amortization of intangibles. The accounting policies of the segments are consistent with those described in Note 2 to the Company’s consolidated financial statements included in its Annual Report on Form 10-K for the year ended January 3, 2015. The Company decided in the first quarter of 2015 to revise the manner which the Company allocates certain selling, general and administrative expenses. Certain prior-year segment operating profit disclosures have been revised to conform to the current-year presentation.

	Quarters Ended				Six Months Ended
	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Net sales:
Innerwear	$	777,614	$	788,330	$	1,323,787	$	1,359,484
Activewear	378,157		317,814		676,253		612,318
Direct to Consumer	101,531		104,352		183,032		188,066
International	264,731		131,556		547,882		241,554
Total net sales	$	1,522,033	$	1,342,052	$	2,730,954	$	2,401,422

	Quarters Ended						Six Months Ended
	July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Segment operating profit:
Innerwear	$	196,035		$	183,917		$	306,812		$	281,922
Activewear	61,485			47,459			94,236			81,204
Direct to Consumer	11,954			11,223			9,676			9,897
International	21,004			15,935			43,120			24,121
Total segment operating profit	290,478			258,534			453,844			397,144
Items not included in segment operating profit:
General corporate expenses	(20,181		)	(23,142		)	(45,593		)	(43,431		)
Acquisition, integration and other action related charges	(125,966		)	(24,045		)	(169,194		)	(66,682		)
Amortization of intangibles	(5,398		)	(4,223		)	(10,193		)	(8,119		)
Total operating profit	138,933			207,124			228,864			278,912
Other expenses	(830		)	(660		)	(1,212		)	(1,095		)
Interest expense, net	(29,020		)	(21,119		)	(55,907		)	(42,937		)
Income before income tax expense	$	109,083		$	185,345		$	171,745		$	234,880

For the quarter endedJuly 4, 2015, the Company incurred acquisition, integration and other action related charges of $125,966, of which $26,151 is reported in the “Cost of sales” line and $99,815 is reported in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statement of Income. For the quarter endedJune 28, 2014, the Company incurred acquisition, integration and other action related charges of $24,045, of which $3,835 is reported in the “Cost of sales” line and $20,210 is reported in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statement of Income.

For the six months ended July 4, 2015, the Company incurred acquisition, integration and other action related charges of $169,194, of which $40,219 is reported in the “Cost of sales” line and $128,975 is reported in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statement of Income. For the six months ended June 28, 2014, the Company incurred acquisition, integration and other action related charges of $66,682, of which $18,662 is reported in the “Cost of sales” line and $48,020 is reported in the “Selling, general and administrative expenses” line in the Condensed Consolidated Statement of Income.

As part of the Innerwear Europe acquisition strategy, the Company has identified management and administrative positions that are considered non-essential and/or duplicative that will be eliminated. As of July 4, 2015, the Company has accrued $56,000 for employee termination and other benefits recognized in accordance with expected benefit payments for affected employees. The charges are reflected in the “Cost of sales” and “Selling, general and administrative expenses” lines of the Consolidated Statements of Income. As of July 4, 2015, no benefit payments had been made. $17,000 and $39,000, respectively, is included in the “Accrued liabilities” and “Other noncurrent liabilities” line of the Consolidated Balance Sheet.

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Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Statement Condensed Consolidated Statements Of Comprehensive Income Unaudited [Abstract]
Tax on other comprehensive income	$ 106	$ (481)	$ (3,734)	$ (1,288)

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Inventories

6 Months Ended

Jul. 04, 2015

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consisted of the following:

	July 4, 2015		January 3, 2015
Raw materials	$	179,215	$	155,073
Work in process	188,594		164,686
Finished goods	1,398,952		1,217,441
	$	1,766,761	$	1,537,200

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Earnings Per Share and Dividends

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Earnings Per Share and Dividends

Earnings Per Share and Dividends

Basic earnings per share (“EPS”) was computed by dividing net income by the number of weighted average shares of common stock outstanding. Diluted EPS was calculated to give effect to all potentially dilutive shares of common stock using the treasury stock method. On March 3, 2015, the Company implemented a four-for-one stock split on the Company’s common stock in the form of a 300% stock dividend. All references to the number of shares outstanding, per share amounts and share options data of the Company’s common shares have been restated to reflect the effect of the split for all periods presented.

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

	Quarters Ended		Six Months Ended
	July 4, 2015	June 28, 2014	July 4, 2015	June 28, 2014
Basic weighted average shares outstanding	403,949	401,920	403,819	401,728
Effect of potentially dilutive securities:
Stock options	2,091	4,652	2,150	4,844
Restricted stock units	1,468	1,656	1,399	1,572
Employee stock purchase plan and other	2	—	16	—
Diluted weighted average shares outstanding	407,510	408,228	407,384	408,144

For the quarters and six months ended July 4, 2015 and June 28, 2014, there were no options or restricted stock units excluded from the diluted earnings per share calculation because their effect would be anti-dilutive.

For the quarters ended July 4, 2015 and June 28, 2014, the company declared and paid cash dividends of $0.10 per share. For the six months ended July 4, 2015 and June 28, 2014, the company declared and paid cash dividends of $0.20 per share.

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Debt (Tables)

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Debt

Debt consisted of the following:

	Interest Rate as of July 4, 2015	Principal Amount				Maturity Date
		July 4, 2015		January 3, 2015
Senior Secured Credit Facility:
Revolving Loan Facility	—%	$	—	$	176,500	April 2020
Euro Term Loan	3.50%	397,225		436,953		August 2021
Term Loan A	1.65%	419,688		—		April 2020
Term Loan B	3.25%	423,938		—		April 2022
6.375% Senior Notes	6.38%	1,000,000		1,000,000		December 2020
Accounts Receivable Securitization Facility	1.08%	232,134		210,963		March 2016
Other International Debt	Various	11,340		14,898		Various
		2,484,325		1,839,314
Less current maturities		266,565		225,317
		$	2,217,760	$	1,613,997

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Consolidating Financial Information

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Consolidating Financial Information

Consolidating Financial Information

In accordance with the indenture governing the Company’s $1,000,0006.375% Senior Notes issued on November 9, 2010, as supplemented from time to time, certain of the Company’s subsidiaries have guaranteed the Company’s obligations under the 6.375% Senior Notes. The following presents the condensed consolidating financial information separately for:

(i) Parent Company, the issuer of the guaranteed obligations. Parent Company includes Hanesbrands Inc. and its 100% owned operating divisions, which are not legal entities, and excludes its subsidiaries, which are legal entities;

(ii) Guarantor subsidiaries, on a combined basis, as specified in the Indentures;

(iii) Non-guarantor subsidiaries, on a combined basis;

(iv) Consolidating entries and eliminations representing adjustments to (a) eliminate intercompany transactions between or among Parent Company, the guarantor subsidiaries and the non-guarantor subsidiaries, (b) eliminate intercompany profit in inventory, (c) eliminate the investments in the Company’s subsidiaries and (d) record consolidating entries; and

(v) The Company, on a consolidated basis.

The 6.375% Senior Notes are fully and unconditionally guaranteed on a joint and several basis by each guarantor subsidiary, each of which is 100% owned, directly or indirectly, by Hanesbrands Inc. A guarantor subsidiary’s guarantee can be released in certain customary circumstances. Each entity in the consolidating financial information follows the same accounting policies as described in the consolidated financial statements, except for the use by the Parent Company and guarantor subsidiaries of the equity method of accounting to reflect ownership interests in subsidiaries that are eliminated upon consolidation.

	Condensed Consolidating Statement of Comprehensive Income Quarter Ended July 4, 2015
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net sales	$	1,205,550	$	242,526	$	756,240	$	(682,283	)	$	1,522,033
Cost of sales	932,461		129,200		550,424		(658,277		)	953,808
Gross profit	273,089		113,326		205,816		(24,006		)	568,225
Selling, general and administrative expenses	243,596		52,772		133,428		(504		)	429,292
Operating profit	29,493		60,554		72,388		(23,502		)	138,933
Equity in earnings of subsidiaries	90,055		66,942		—		(156,997		)	—
Other expenses	830		—		—		—			830
Interest expense, net	21,578		—		7,634		(192		)	29,020
Income before income tax expense	97,140		127,496		64,754		(180,307		)	109,083
Income tax expense	2,238		11,297		646					14,181
Net income	$	94,902	$	116,199	$	64,108	$	(180,307	)	$	94,902
Comprehensive income	$	94,396	$	116,199	$	70,011	$	(186,210	)	$	94,396

	Condensed Consolidating Statement of Comprehensive Income Quarter Ended June 28, 2014
	Parent Company		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net sales	$	1,186,489	$	190,946		$	607,973	$	(643,356	)	$	1,342,052
Cost of sales	897,376		90,178			458,668		(608,524		)	837,698
Gross profit	289,113		100,768			149,305		(34,832		)	504,354
Selling, general and administrative expenses	215,474		53,922			29,619		(1,785		)	297,230
Operating profit	73,639		46,846			119,686		(33,047		)	207,124
Equity in earnings of subsidiaries	120,322		93,613			—		(213,935		)	—
Other expenses	660		—			—		—			660
Interest expense, net	19,058		(88		)	1,979		170			21,119
Income before income tax expense	174,243		140,547			117,707		(247,152		)	185,345
Income tax expense	19,665		8,070			3,032		—			30,767
Net income	$	154,578	$	132,477		$	114,675	$	(247,152	)	$	154,578
Comprehensive income	$	158,546	$	132,477		$	117,159	$	(249,636	)	$	158,546

	Condensed Consolidating Statement of Comprehensive Income Six Months Ended July 4, 2015
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net sales	$	2,156,640		$	395,700		$	1,548,252	$	(1,369,638	)	$	2,730,954
Cost of sales	1,705,350			203,510			1,150,834		(1,343,196		)	1,716,498
Gross profit	451,290			192,190			397,418		(26,442		)	1,014,456
Selling, general and administrative expenses	468,278			105,636			213,882		(2,204		)	785,592
Operating profit	(16,988		)	86,554			183,536		(24,238		)	228,864
Equity in earnings of subsidiaries	221,221			175,112			—		(396,333		)	—
Other expenses	1,212			—			—		—			1,212
Interest expense, net	40,701			(4		)	15,416		(206		)	55,907
Income before income tax expense	162,320			261,670			168,120		(420,365		)	171,745
Income tax expense	14,782			207			9,218		—			24,207
Net income	$	147,538		$	261,463		$	158,902	$	(420,365	)	$	147,538
Comprehensive income	$	151,875		$	261,463		$	160,415	$	(421,878	)	$	151,875

	Condensed Consolidating Statement of Comprehensive Income Six Months Ended June 28, 2014
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Net sales	$	2,078,819	$	410,896	$	1,168,159	$	(1,256,452	)	$	2,401,422
Cost of sales	1,618,522		223,659		889,218		(1,191,108		)	1,540,291
Gross profit	460,297		187,237		278,941		(65,344		)	861,131
Selling, general and administrative expenses	406,179		123,945		56,098		(4,003		)	582,219
Operating profit	54,118		63,292		222,843		(61,341		)	278,912
Equity in earnings of subsidiaries	205,387		168,473		—		(373,860		)	—
Other expenses	1,095		—		—		—			1,095
Interest expense, net	36,942		1,898		4,035		62			42,937
Income before income tax expense	221,468		229,867		218,808		(435,263		)	234,880
Income tax expense	25,330		5,756		7,656		—			38,742
Net income	$	196,138	$	224,111	$	211,152	$	(435,263	)	$	196,138
Comprehensive income	$	199,325	$	224,111	$	211,371	$	(435,482	)	$	199,325

	Condensed Consolidating Balance Sheet July 4, 2015
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets
Cash and cash equivalents	$	37,210	$	12,541	$	265,603	$	—		$	315,354
Trade accounts receivable, net	109,247		104,605		622,557		(1,110		)	835,299
Inventories	1,105,921		179,184		651,750		(170,094		)	1,766,761
Deferred tax assets	198,997		4,194		11,277		—			214,468
Other current assets	84,115		10,146		70,179		—			164,440
Total current assets	1,535,490		310,670		1,621,366		(171,204		)	3,296,322
Property, net	94,661		39,827		524,301		—			658,789
Trademarks and other identifiable intangibles, net	3,817		135,849		574,117		—			713,783
Goodwill	232,882		244,640		357,505		—			835,027
Investments in subsidiaries	4,157,147		2,016,195		—		(6,173,342		)	—
Deferred tax assets	200,363		74,734		15,976		—			291,073
Receivables from related entities	4,905,444		4,711,239		2,203,829		(11,820,512		)	—
Other noncurrent assets	61,515		426		15,446		—			77,387
Total assets	$	11,191,319	$	7,533,580	$	5,312,540	$	(18,165,058	)	$	5,872,381
Liabilities and Stockholders’  Equity
Accounts payable	$	371,318	$	30,282	$	259,769	$	—		$	661,369
Accrued liabilities	184,331		50,106		239,456		(955		)	472,938
Notes payable	—		—		112,818		—			112,818
Accounts Receivable Securitization Facility	—		—		232,134		—			232,134
Current portion of long-term debt	25,500		—		8,931		—			34,431
Total current liabilities	581,149		80,388		853,108		(955		)	1,513,690
Long-term debt	1,818,125		—		399,635		—			2,217,760
Pension and postretirement benefits	299,136		—		65,297		—			364,433
Payables to related entities	6,902,814		3,488,083		1,421,260		(11,812,157		)	—
Other noncurrent liabilities	138,323		31,423		154,980		—			324,726
Total liabilities	9,739,547		3,599,894		2,894,280		(11,813,112		)	4,420,609
Stockholders’ equity	1,451,772		3,933,686		2,418,260		(6,351,946		)	1,451,772
Total liabilities and stockholders’ equity	$	11,191,319	$	7,533,580	$	5,312,540	$	(18,165,058	)	$	5,872,381

	Condensed Consolidating Balance Sheet January 3, 2015
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidating Entries and Eliminations			Consolidated
Assets
Cash and cash equivalents	$	10,910	$	10,796	$	218,149	$	—		$	239,855
Trade accounts receivable, net	73,794		37,511		561,514		(771		)	672,048
Inventories	958,376		120,341		607,356		(148,873		)	1,537,200
Deferred tax assets	200,050		3,515		11,500		—			215,065
Other current assets	38,446		11,224		51,394		—			101,064
Total current assets	1,281,576		183,387		1,449,913		(149,644		)	2,765,232
Property, net	88,599		46,221		539,559		—			674,379
Trademarks and other identifiable intangibles, net	4,102		79,393		607,706		—			691,201
Goodwill	232,881		124,247		365,992		—			723,120
Investments in subsidiaries	3,732,783		1,792,790		—		(5,525,573		)	—
Deferred tax assets	202,910		74,735		16,702		—			294,347
Receivables from related entities	4,585,755		4,471,644		2,087,280		(11,144,679		)	—
Other noncurrent assets	55,540		428		17,534		—			73,502
Total assets	$	10,184,146	$	6,772,845	$	5,084,686	$	(16,819,896	)	$	5,221,781
Liabilities and Stockholders’  Equity
Accounts payable	$	353,799	$	11,925	$	255,496	$	—		$	621,220
Accrued liabilities	190,739		61,339		242,437		1,112			495,627
Notes payable	—		—		144,438		—			144,438
Accounts Receivable Securitization Facility	—		—		210,963		—			210,963
Current portion of long-term debt	—		—		14,354		—			14,354
Total current liabilities	544,538		73,264		867,688		1,112			1,486,602
Long-term debt	1,176,500		—		437,497		—			1,613,997
Pension and postretirement benefits	399,931		—		72,072		—			472,003
Payables to related entities	6,544,095		3,270,513		1,330,071		(11,144,679		)	—
Other noncurrent liabilities	132,310		12,609		118,287		(799		)	262,407
Total liabilities	8,797,374		3,356,386		2,825,615		(11,144,366		)	3,835,009
Stockholders’ equity	1,386,772		3,416,459		2,259,071		(5,675,530		)	1,386,772
Total liabilities and stockholders’ equity	$	10,184,146	$	6,772,845	$	5,084,686	$	(16,819,896	)	$	5,221,781

	Condensed Consolidating Statement of Cash Flows Six Months Ended July 4, 2015
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net cash from operating activities	$	(62,363	)	$	168,523		$	67,285		$	(406,513	)	$	(233,068	)
Investing activities:
Purchases of property, plant and equipment	(10,280		)	(7,301		)	(38,657		)	—			(56,238		)
Proceeds from sales of assets	18			4,330			797			—			5,145
Acquisition of business, net of cash acquired	—			(193,461		)	—			—			(193,461		)
Net cash from investing activities	(10,262		)	(196,432		)	(37,860		)	—			(244,554		)
Financing activities:
Borrowings on notes payable	—			—			177,730			—			177,730
Repayments on notes payable	—			—			(200,706		)	—			(200,706		)
Borrowings on Accounts Receivable Securitization Facility	—			—			134,339			—			134,339
Repayments on Accounts Receivable Securitization Facility	—			—			(113,168		)	—			(113,168		)
Borrowings on Revolving Loan Facility	2,794,000			—			—			—			2,794,000
Repayments on Revolving Loan Facility	(2,970,500		)	—			—			—			(2,970,500		)
Repayments on Euro Term Loan Facility	—			—			(2,004		)	—			(2,004		)
Borrowings on Term Loan A Facility	425,000			—			—			—			425,000
Repayments on Term Loan A Facility	(5,313		)	—			—			—			(5,313		)
Borrowings on Term Loan B Facility	425,000			—			—			—			425,000
Repayments on Term Loan B Facility	(1,063		)	—			—			—			(1,063		)
Cash dividends paid	(81,470		)	—			—			—			(81,470		)
Taxes paid related to net shares settlement of equity awards	(47,432		)	—			—			—			(47,432		)
Excess tax benefit from stock-based compensation	34,127			—			—			—			34,127
Other	1,697			—			(14,337		)	801			(11,839		)
Net transactions with related entities	(475,121		)	29,654			39,755			405,712			—
Net cash from financing activities	98,925			29,654			21,609			406,513			556,701
Effect of changes in foreign exchange rates on cash	—			—			(3,580		)	—			(3,580		)
Change in cash and cash equivalents	26,300			1,745			47,454			—			75,499
Cash and cash equivalents at beginning of year	10,910			10,796			218,149			—			239,855
Cash and cash equivalents at end of period	$	37,210		$	12,541		$	265,603		$	—		$	315,354

	Condensed Consolidating Statement of Cash Flow Six Months Ended June 28, 2014
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating Entries and Eliminations			Consolidated
Net cash from operating activities	$	210,832		$	150,068		$	18,064		$	(374,026	)	$	4,938
Investing activities:
Purchases of property, plant and equipment	(6,995		)	(3,194		)	(14,396		)	—			(24,585		)
Proceeds from sales of assets	—			—			4,918			—			4,918
Net cash from investing activities	(6,995		)	(3,194		)	(9,478		)	—			(19,667		)
Financing activities:
Borrowings on notes payable	—			—			66,737			—			66,737
Repayments on notes payable	—			—			(61,957		)	—			(61,957		)
Borrowings on Accounts Receivable Securitization Facility	—			—			115,609			—			115,609
Repayments on Accounts Receivable Securitization Facility	—			—			(72,399		)	—			(72,399		)
Borrowings on Revolving Loan Facility	1,782,500			—			—			—			1,782,500
Repayments on Revolving Loan Facility	(1,726,500		)	—			—			—			(1,726,500		)
Cash dividends paid	(59,731		)	—			—			—			(59,731		)
Taxes paid related to net shares settlement of equity awards	(10,342		)	—			—			—			(10,342		)
Excess tax benefit from stock-based compensation	7,895			—			—			—			7,895
Other	1,146			—			(486		)	146			806
Net transactions with related entities	(201,067		)	(149,787		)	(23,026		)	373,880			—
Net cash from financing activities	(206,099		)	(149,787		)	24,478			374,026			42,618
Effect of changes in foreign exchange rates on cash	—			—			(135		)	—			(135		)
Change in cash and cash equivalents	(2,262		)	(2,913		)	32,929			—			27,754
Cash and cash equivalents at beginning of year	5,695			7,811			102,357			—			115,863
Cash and cash equivalents at end of period	$	3,433		$	4,898		$	135,286		$	—		$	143,617

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Financial Instruments and Risk Management

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Financial Instruments and Risk Management

Financial Instruments and Risk Management

The Company uses forward foreign exchange contracts to manage its exposures to movements in foreign exchange rates. As of July 4, 2015, the notional U.S. dollar equivalent of commitments to sell and purchase foreign currencies within the Company’s derivative portfolio was $279,606 and $423, respectively, primarily consisting of contracts hedging exposures to the Euro, Canadian dollar, Mexican peso and Australian dollar.

Fair Values of Derivative Instruments

The fair values of derivative financial instruments recognized in the Condensed Consolidated Balance Sheets of the Company were as follows:

	Balance Sheet Location	Fair Value
		July 4, 2015			January 3, 2015
Hedges	Other current assets	$	5,065		$	3,447
Non-hedges	Other current assets	2,959			2,960
Total derivative assets		8,024			6,407
Hedges	Accrued liabilities	(510		)	—
Non-hedges	Accrued liabilities	(65		)	(109		)
Total derivative liabilities		(575		)	(109		)
Net derivative asset		$	7,449		$	6,298

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 gain from AOCI of approximately $9,433.

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 Condensed Consolidated Statements of Income.

The effect of cash flow hedge derivative instruments on the Condensed Consolidated Statements of Income and AOCI is as follows:

	Amount of Gain Recognized in AOCI (Effective Portion)					Amount of Gain Recognized in AOCI (Effective Portion)
	Quarters Ended					Six Months Ended
	July 4, 2015		June 28, 2014			July 4, 2015		June 28, 2014
Foreign exchange contracts	$	468	$	(997	)	$	11,653	$	(855	)

	Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain Reclassified from AOCI into Income (Effective Portion)				Amount of Gain Reclassified from AOCI into Income (Effective Portion)
		Quarters Ended				Six Months Ended
		July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Foreign exchange contracts	Cost of sales	$	3,823	$	355	$	4,658	$	1,030

Derivative Contracts Not Designated As Hedges

The Company uses foreign exchange derivative contracts as economic hedges against the impact of foreign exchange fluctuations on existing accounts receivable and payable balances and intercompany lending transactions denominated in foreign currencies. These contracts are not designated as hedges under the accounting standards and are recorded at fair value in the Condensed Consolidated Balance Sheet. Any gains or losses resulting from changes in fair value are recognized directly into earnings. 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 Condensed Consolidated Statements of Income is as follows:

	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income						Amount of Gain (Loss) Recognized in Income
		Quarters Ended						Six Months Ended
		July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Foreign exchange contracts	Selling, general and administrative expenses	$	(5,046	)	$	(322	)	$	(1,576	)	$	(372	)

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Debt

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Debt

Debt

Debt consisted of the following:

	Interest Rate as of July 4, 2015	Principal Amount				Maturity Date
		July 4, 2015		January 3, 2015
Senior Secured Credit Facility:
Revolving Loan Facility	—%	$	—	$	176,500	April 2020
Euro Term Loan	3.50%	397,225		436,953		August 2021
Term Loan A	1.65%	419,688		—		April 2020
Term Loan B	3.25%	423,938		—		April 2022
6.375% Senior Notes	6.38%	1,000,000		1,000,000		December 2020
Accounts Receivable Securitization Facility	1.08%	232,134		210,963		March 2016
Other International Debt	Various	11,340		14,898		Various
		2,484,325		1,839,314
Less current maturities		266,565		225,317
		$	2,217,760	$	1,613,997

On April 29, 2015, the Company refinanced its senior secured credit facility (the “Senior Secured Credit Facility”) to extend the maturity date of the revolving loan facility (the “Revolving Loan Facility”) to April 2020 and reduce the maximum borrowing capacity from $1,100,000 to $1,000,000, re-price the Revolving Loan Facility at favorable rates, and add an additional $850,000 in term loan borrowings ($425,000 for a new term loan a facility, the “Term Loan A Facility”, and $425,000 for a new term loan b facility, the “Term Loan B Facility”). The Company incurred $10,900 in fees related to this refinancing.

The Revolving Loan Facility, the Term Loan A Facility and the Term Loan B Facility are 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 certain subsidiaries. The Company and each of the guarantors under the Revolving Loan Facility, the Term Loan A Facility and the Term Loan B 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 (i) the equity interests of substantially all of the Company’s direct and indirect U.S. subsidiaries and 65% of the voting securities of certain first tier foreign subsidiaries; and (ii) 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.

All borrowings under the Revolving Loan Facility must be repaid in full upon maturity. Outstanding borrowings under the Revolving Loan Facility may be reborrowed and repaid without penalty.

Outstanding borrowings under the Term Loan A Facility are repayable in equal quarterly installments in the following annual percentages, with the remainder of the outstanding principal to be repaid at maturity: year 1, 5.0%, year 2, 7.5%, years 3 and 4, 10.0% and year 5, 15.0%.

Outstanding borrowings under the Term Loan B Facility are repayable in 0.25% quarterly installments, with the remainder of the outstanding principal to be repaid at maturity. If the Term Loan B Facility is repriced or refinanced on or prior to the twelve month anniversary of its funding and as a result of such repricing or refinancing the effective interest rate of the Term Loan B Facility 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 Facility subject to such repricing or refinancing.

The Term Loan A Facility, the Term Loan B Facility and the Company’s euro term loan facility (the “Euro Term Loan” and together with the Term Loan A Facility and the Term Loan B Facility, the “Term Loan Facility”) require the Company and its subsidiary Maidenform Luxembourg (“MF Lux”), 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 New Term Loan B Facility and the Euro Term Loan Facility also require the Company and MFB Lux, as applicable, to prepay any outstanding Term Loans under the New Term Loan B Facility and the Euro Term Loan Facility 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 Loan Facilities that are subject to such prepayments.

At the Company’s option, borrowings under the Revolving Loan Facility, the Term Loan A Facility and the Term Loan B Facility may be maintained from time to time as (i) “Base Rate” loans, which bear interest at the highest of (a) 1/2 of 1% in excess of the federal funds rate, (b) the rate publicly announced by JPMorgan Chase Bank as its “prime rate” at its principal office in New York City, in effect from time to time and (c) the “LIBO Rate” (as defined in the Senior Secured Credit Facility and adjusted for maximum reserves) for LIBOR-based loans with a one-month interest period plus 1.0%, in effect from time to time, in each case plus the applicable margin, or (ii) LIBOR-based loans, which bear interest at the LIBO Rate, as determined by reference to the rate for deposits in dollars appearing on the Reuters Screen LIBOR01 or LIBOR02 Page for the respective interest period or other commercially available source designated by the Administrative Agent, in each case plus the applicable margin. The applicable margin for the Revolving Loan Facility and the Term Loan A Facility is based on the Company’s leverage ratio. When the leverage ratio is greater than or equal to 4.00 to 1.00, the applicable margin for LIBO Rate loans is 2.00% and the applicable margin for Base Rate loans is 1.00%. When the leverage ratio is less than 4.00 to 1.00 but greater than or equal to 3.25 to 1.00, the applicable margin for LIBO Rate loans is 1.75% and the applicable margin for Base Rate loans is 0.75%. When the leverage ratio is less than 3.25 to 1.00 but greater than or equal to 2.50 to 1.00, the applicable margin for LIBO Rate loans is 1.50% and the applicable margin for Base Rate loans is 0.50%. When the leverage ratio is less than 2.50 to 1.00, the applicable margin for LIBO Rate loans is 1.25% and the applicable margin for Base Rate loans is 0.25%. The applicable margin under the Term Loan B Facility is 2.50% for LIBO Rate loans and 1.50% for Base Rate loans. Borrowings under the Euro Term Loan Facility bear interest at the “EURIBOR Rate” (as defined in the Senior Secured Credit Facility) plus 2.75%.

The Senior Secured Credit Facility requires that the Company maintain a minimum interest coverage ratio and a maximum total debt to EBITDA (earnings before income taxes, depreciation expense and amortization), 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 any fiscal quarter. The leverage ratio covenant requires that the ratio of the Company’s total debt to its EBITDA for the preceding four fiscal quarters will not be more than 4.00 to 1.00; provided that, following a permitted acquisition in which the consideration is at least $200 million, such maximum leverage ratio covenant shall be increased to 4.50:1.00 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.

The Senior Secured Credit Facility contains customary events of default, including nonpayment of principal when due; nonpayment of interest after stated grace period, 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 Employee Retirement Income Security Act of 1974, as amended, or “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 July 4, 2015, the Company had $981,943 of borrowing availability under the $1,000,000 revolving credit facility under its senior secured credit facility after taking into account outstanding borrowings and $18,057 of standby and trade letters of credit issued and outstanding under this facility.

The Other International Debt outstanding as of July 4, 2015 consists of mortgage loans and term loans collateralized by fixed assets. These loans have maturity dates ranging from December 2015 to May 2018, and bear interest primarily based on EURIBOR rates ranging from 1.485% to 6.25% as of July 4, 2015.

In March 2015, the Company amended the accounts receivable securitization facility that it entered into in November 2007 (the “Accounts Receivable Securitization Facility”). This amendment primarily extended the termination date to March 2016.

As of July 4, 2015, the Company was in compliance with all financial covenants under its credit facilities.

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Accumulated Other Comprehensive Loss

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

The components of Accumulated other comprehensive loss (“AOCI”) are as follows:

	Cumulative Translation Adjustment			Foreign Exchange Contracts			Defined Benefit Plans			Income Taxes			Accumulated Other Comprehensive Loss
Balance at January 3, 2015	$	(34,099	)	$	4,834		$	(564,831	)	$	221,507		$	(372,589	)
Amounts reclassified from accumulated other comprehensive loss	—			(4,658		)	4,886			(1,143		)	(915		)
Current-period other comprehensive income (loss) activity	(628		)	11,653			(3,182		)	(2,591		)	5,252
Balance at July 4, 2015	$	(34,727	)	$	11,829		$	(563,127	)	$	217,773		$	(368,252	)

The Company had the following reclassifications out of AOCI:

Component of AOCI	Location of Reclassification into Income	Amount of Reclassification from AOCI						Amount of Reclassification from AOCI
		Quarters Ended						Six Months Ended
		July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Gain on foreign exchange contracts	Cost of sales	$	3,823		$	355		$	4,658		$	1,030
	Income tax	(1,147		)	(142		)	(1,654		)	(411		)
	Net of tax	2,676			213			3,004			619
Amortization of deferred actuarial loss and prior service cost	Selling, general and administrative expenses	(2,116		)	(2,602		)	(4,886		)	(5,203		)
	Income tax	1,597			1,020			2,797			2,040
	Net of tax	(519		)	(1,582		)	(2,089		)	(3,163		)
Total reclassifications		$	2,157		$	(1,369	)	$	915		$	(2,544	)

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Fair Value of Assets and Liabilities

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Fair Value of Assets and Liabilities

Fair Value of Assets and Liabilities

As of July 4, 2015, 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 and deferred compensation plan liabilities. The fair values of foreign currency 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 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 Company’s defined benefit pension plan investments are not required to be measured at fair value on a recurring basis.

There were no changes during the quarter ended July 4, 2015 to the Company’s valuation techniques used to measure asset and liability fair values on a recurring basis. There were no transfers between the three level categories and there were no Level 3 assets or liabilities measured on a quarterly basis during the quarter ended July 4, 2015. As of and during the quarter endedJuly 4, 2015, the Company did not have any non-financial assets or liabilities that were required to be measured at fair value on a recurring or non-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 July 4, 2015
	Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Foreign exchange derivative contracts	$	—	$	8,024		$	—
Foreign exchange derivative contracts	—		(575		)	—
	—		7,449			—
Deferred compensation plan liability	—		(32,780		)	—
Total	$	—	$	(25,331	)	$	—

	Assets (Liabilities) at Fair Value as of January 3, 2015
	Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Foreign exchange derivative contracts	$	—	$	6,407		$	—
Foreign exchange derivative contracts	—		(109		)	—
	—		6,298			—
Deferred compensation plan liability	—		(28,289		)	—
Total	$	—	$	(21,991	)	$	—

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 July 4, 2015 and January 3, 2015. The carrying amount of trade accounts receivable included allowance for doubtful accounts, chargebacks and other deductions of $29,243 and $16,856 as of July 4, 2015 and January 3, 2015, respectively. The fair value of debt, which is classified as a Level 2 liability, was $2,573,466 and $1,893,514 as of July 4, 2015 and January 3, 2015, respectively. Debt had a carrying value of $2,484,325 and $1,839,314 as of July 4, 2015 and January 3, 2015, 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 July 4, 2015 and January 3, 2015, primarily due to the short-term nature of these instruments.

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Inventories (Detail) - USD ($) $ in Thousands	Jul. 04, 2015	Jan. 03, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 179,215	$ 155,073
Work in process	188,594	164,686
Finished goods	1,398,952	1,217,441
Total Inventories	$ 1,766,761	$ 1,537,200

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Earnings Per Share and Dividends (Tables)

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Reconciliation of Basic to Diluted Weighted Average Shares

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

	Quarters Ended		Six Months Ended
	July 4, 2015	June 28, 2014	July 4, 2015	June 28, 2014
Basic weighted average shares outstanding	403,949	401,920	403,819	401,728
Effect of potentially dilutive securities:
Stock options	2,091	4,652	2,150	4,844
Restricted stock units	1,468	1,656	1,399	1,572
Employee stock purchase plan and other	2	—	16	—
Diluted weighted average shares outstanding	407,510	408,228	407,384	408,144

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Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Fair Value of Financial Assets and Liabilities Measured 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 July 4, 2015
	Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Foreign exchange derivative contracts	$	—	$	8,024		$	—
Foreign exchange derivative contracts	—		(575		)	—
	—		7,449			—
Deferred compensation plan liability	—		(32,780		)	—
Total	$	—	$	(25,331	)	$	—

	Assets (Liabilities) at Fair Value as of January 3, 2015
	Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Foreign exchange derivative contracts	$	—	$	6,407		$	—
Foreign exchange derivative contracts	—		(109		)	—
	—		6,298			—
Deferred compensation plan liability	—		(28,289		)	—
Total	$	—	$	(21,991	)	$	—

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Consolidating Financial Information (Condensed Consolidating Balance Sheet) (Detail) - USD ($) $ in Thousands	Jul. 04, 2015	Jan. 03, 2015	Jun. 28, 2014	Dec. 28, 2013
Assets
Cash and cash equivalents	$ 315,354	$ 239,855	$ 143,617	$ 115,863
Trade accounts receivable, net	835,299	672,048
Inventories	1,766,761	1,537,200
Deferred tax assets	214,468	215,065
Other current assets	164,440	101,064
Total current assets	3,296,322	2,765,232
Property, net	658,789	674,379
Trademarks and other identifiable intangibles, net	713,783	691,201
Goodwill	835,027	723,120
Investments in subsidiaries	0	0
Deferred tax assets	291,073	294,347
Receivables from related entities	0	0
Other noncurrent assets	77,387	73,502
Total assets	5,872,381	5,221,781
Liabilities and Stockholders’ Equity
Accounts payable	661,369	621,220
Accrued liabilities	472,938	495,627
Notes payable	112,818	144,438
Accounts Receivable Securitization Facility	232,134	210,963
Current portion of long-term debt	34,431	14,354
Total current liabilities	1,513,690	1,486,602
Long-term debt	2,217,760	1,613,997
Pension and postretirement benefits	364,433	472,003
Payables to related entities	0	0
Other noncurrent liabilities	324,726	262,407
Total liabilities	4,420,609	3,835,009
Stockholders’ equity	1,451,772	1,386,772
Total liabilities and stockholders’ equity	5,872,381	5,221,781
Parent Company
Assets
Cash and cash equivalents	37,210	10,910	3,433	5,695
Trade accounts receivable, net	109,247	73,794
Inventories	1,105,921	958,376
Deferred tax assets	198,997	200,050
Other current assets	84,115	38,446
Total current assets	1,535,490	1,281,576
Property, net	94,661	88,599
Trademarks and other identifiable intangibles, net	3,817	4,102
Goodwill	232,882	232,881
Investments in subsidiaries	4,157,147	3,732,783
Deferred tax assets	200,363	202,910
Receivables from related entities	4,905,444	4,585,755
Other noncurrent assets	61,515	55,540
Total assets	11,191,319	10,184,146
Liabilities and Stockholders’ Equity
Accounts payable	371,318	353,799
Accrued liabilities	184,331	190,739
Notes payable	0	0
Accounts Receivable Securitization Facility	0	0
Current portion of long-term debt	25,500	0
Total current liabilities	581,149	544,538
Long-term debt	1,818,125	1,176,500
Pension and postretirement benefits	299,136	399,931
Payables to related entities	6,902,814	6,544,095
Other noncurrent liabilities	138,323	132,310
Total liabilities	9,739,547	8,797,374
Stockholders’ equity	1,451,772	1,386,772
Total liabilities and stockholders’ equity	11,191,319	10,184,146
Guarantor Subsidiaries
Assets
Cash and cash equivalents	12,541	10,796	4,898	7,811
Trade accounts receivable, net	104,605	37,511
Inventories	179,184	120,341
Deferred tax assets	4,194	3,515
Other current assets	10,146	11,224
Total current assets	310,670	183,387
Property, net	39,827	46,221
Trademarks and other identifiable intangibles, net	135,849	79,393
Goodwill	244,640	124,247
Investments in subsidiaries	2,016,195	1,792,790
Deferred tax assets	74,734	74,735
Receivables from related entities	4,711,239	4,471,644
Other noncurrent assets	426	428
Total assets	7,533,580	6,772,845
Liabilities and Stockholders’ Equity
Accounts payable	30,282	11,925
Accrued liabilities	50,106	61,339
Notes payable	0	0
Accounts Receivable Securitization Facility	0	0
Current portion of long-term debt	0	0
Total current liabilities	80,388	73,264
Long-term debt	0	0
Pension and postretirement benefits	0	0
Payables to related entities	3,488,083	3,270,513
Other noncurrent liabilities	31,423	12,609
Total liabilities	3,599,894	3,356,386
Stockholders’ equity	3,933,686	3,416,459
Total liabilities and stockholders’ equity	7,533,580	6,772,845
Non-Guarantor Subsidiaries
Assets
Cash and cash equivalents	265,603	218,149	135,286	102,357
Trade accounts receivable, net	622,557	561,514
Inventories	651,750	607,356
Deferred tax assets	11,277	11,500
Other current assets	70,179	51,394
Total current assets	1,621,366	1,449,913
Property, net	524,301	539,559
Trademarks and other identifiable intangibles, net	574,117	607,706
Goodwill	357,505	365,992
Investments in subsidiaries	0	0
Deferred tax assets	15,976	16,702
Receivables from related entities	2,203,829	2,087,280
Other noncurrent assets	15,446	17,534
Total assets	5,312,540	5,084,686
Liabilities and Stockholders’ Equity
Accounts payable	259,769	255,496
Accrued liabilities	239,456	242,437
Notes payable	112,818	144,438
Accounts Receivable Securitization Facility	232,134	210,963
Current portion of long-term debt	8,931	14,354
Total current liabilities	853,108	867,688
Long-term debt	399,635	437,497
Pension and postretirement benefits	65,297	72,072
Payables to related entities	1,421,260	1,330,071
Other noncurrent liabilities	154,980	118,287
Total liabilities	2,894,280	2,825,615
Stockholders’ equity	2,418,260	2,259,071
Total liabilities and stockholders’ equity	5,312,540	5,084,686
Consolidating Entries and Eliminations
Assets
Cash and cash equivalents	0	0	$ 0	$ 0
Trade accounts receivable, net	(1,110)	(771)
Inventories	(170,094)	(148,873)
Deferred tax assets	0	0
Other current assets	0	0
Total current assets	(171,204)	(149,644)
Property, net	0	0
Trademarks and other identifiable intangibles, net	0	0
Goodwill	0	0
Investments in subsidiaries	(6,173,342)	(5,525,573)
Deferred tax assets	0	0
Receivables from related entities	(11,820,512)	(11,144,679)
Other noncurrent assets	0	0
Total assets	(18,165,058)	(16,819,896)
Liabilities and Stockholders’ Equity
Accounts payable	0	0
Accrued liabilities	(955)	1,112
Notes payable	0	0
Accounts Receivable Securitization Facility	0	0
Current portion of long-term debt	0	0
Total current liabilities	(955)	1,112
Long-term debt	0	0
Pension and postretirement benefits	0	0
Payables to related entities	(11,812,157)	(11,144,679)
Other noncurrent liabilities	0	(799)
Total liabilities	(11,813,112)	(11,144,366)
Stockholders’ equity	(6,351,946)	(5,675,530)
Total liabilities and stockholders’ equity	$ (18,165,058)	$ (16,819,896)

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Financial Instruments and Risk Management (Effect of cash flow hedge derivative instruments) (Detail) - Foreign Exchange Contract - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Loss (Effective Portion)	$ 468	$ (997)	$ 11,653	$ (855)
Cost of Sales [Member]
Derivatives, Fair Value [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)	$ 3,823	$ 355	$ 4,658	$ 1,030

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Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 04, 2015	Jan. 03, 2015
Assets
Cash and cash equivalents	$ 315,354	$ 239,855
Trade accounts receivable, net	835,299	672,048
Inventories	1,766,761	1,537,200
Deferred tax assets	214,468	215,065
Other current assets	164,440	101,064
Total current assets	3,296,322	2,765,232
Property, net	658,789	674,379
Trademarks and other identifiable intangibles, net	713,783	691,201
Goodwill	835,027	723,120
Deferred tax assets	291,073	294,347
Other noncurrent assets	77,387	73,502
Total assets	5,872,381	5,221,781
Liabilities and Stockholders’ Equity
Accounts payable	661,369	621,220
Accrued liabilities	472,938	495,627
Notes payable	112,818	144,438
Accounts Receivable Securitization Facility	232,134	210,963
Current portion of long-term debt	34,431	14,354
Total current liabilities	1,513,690	1,486,602
Long-term debt	2,217,760	1,613,997
Pension and postretirement benefits	364,433	472,003
Other noncurrent liabilities	324,726	262,407
Total liabilities	4,420,609	3,835,009
Stockholders’ equity:
Preferred stock (50,000,000 authorized shares; $.01 par value) Issued and outstanding - None	0	0
Common stock (2,000,000,000 authorized shares; $.01 par value) Issued and outstanding - 402,476,510 and 400,789,120, respectively	4,025	4,008
Additional paid-in capital	285,504	290,926
Retained earnings	1,530,495	1,464,427
Accumulated other comprehensive loss	(368,252)	(372,589)
Total stockholders’ equity	1,451,772	1,386,772
Total liabilities and stockholders’ equity	$ 5,872,381	$ 5,221,781

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Acquisitions

6 Months Ended

Jul. 04, 2015

Business Combinations [Abstract]

Acquisitions

Acquisitions

Knights Apparel

On April 6, 2015, the Company completed the acquisition of Knights Holdco, Inc. (“Knights Apparel”), a leading seller of licensed collegiate logo apparel in the mass retail channel, from Merit Capital Partners in an all cash transaction valued at approximately $193,520 on an enterprise value basis. The Company funded the acquisition with cash on hand and short-term borrowings under its Revolving Loan Facility.

The Knights Apparel and Pro Edge trademarks and brand names, which management believes to have indefinite lives, have been valued at $12,000. Amortizable intangible assets have been assigned values of $31,200 for license agreements, $14,500 for distribution networks, and $2,250 for non-compete agreements. License agreements are being amortized over 14 years. Distributor relationships are being amortized over 12 years. Non-compete agreements are being amortized over one year.

Knights Apparel contributed net revenues of $37,100 and $5,031 of pretax earnings since the date of acquisition. The results of Knights Apparel have been included in the Company’s consolidated financial statements since the date of acquisition and are reported as part of the Activewear segment.

Factors that contribute to the amount of goodwill recognized for the acquisition include the value of the existing work force and 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 allocation of purchase price is preliminary and subject to change. The primary areas of the purchase price that are not yet finalized are related to certain income taxes and residual goodwill. Accordingly, adjustments will be made to the values of the assets acquired and liabilities assumed as additional information is obtained about the facts and circumstances, which existed at the valuation date. 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	2,190
Trademarks and other identifiable intangibles	59,950
Total assets acquired	99,898
Accounts payable	3,742
Accrued liabilities and other	3,065
Deferred tax liabilities and other noncurrent liabilities	19,964
Total liabilities assumed	26,771
Net assets acquired	73,127
Goodwill	120,393
Purchase price	$	193,520

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.

	Quarters Ended				Six Months Ended
	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Net sales	$	1,522,033	$	1,371,070	$	2,753,111	$	2,449,092
Net income	100,206		154,789		150,607		188,126
Earnings per share:
Basic	$	0.25	$	0.39	$	0.37	$	0.47
Diluted	0.25		0.38		0.37		0.46

DBApparel Acquisition

In August 2014, MFB International Holdings S.à r.l. (“MF Lux”), a wholly owned subsidiary of the Company, acquired DBA Lux Holding S.A. (“Innerwear Europe”) from SLB Brands Holdings, Ltd and certain individual Innerwear Europe shareholders in an all-cash transaction equal to €400,000 enterprise value less net debt and working capital adjustments as defined in the purchase agreement. Total purchase price was €297,031 (approximately $391,861 based on acquisition date exchange rates). The acquisition was financed through a combination of cash on hand and third-party borrowings.

Innerwear Europe is a leading marketer of intimate apparel, hosiery and underwear in Europe with a portfolio of strong brands including DIM, Nur Die/Nur Der and Lovable. The Company believes the acquisition will create growth and cost savings opportunities and increased scale to serve retailers. Innerwear Europe utilizes a mix of self-owned manufacturing and third-party manufacturers. Factors that contribute to the amount of goodwill recognized for the acquisition include the value of the existing work force and 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 allocation of purchase price is preliminary and subject to change. For the quarter ended July 4, 2015, the Company has not recorded any purchase price adjustments. The primary areas of the purchase price that are not yet finalized are related to certain income taxes and residual goodwill. Accordingly, adjustments will be made to the values of the assets acquired and liabilities assumed as additional information is obtained about the facts and circumstances that existed at the valuation date.

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Business Segment Information (Tables)

6 Months Ended

Jul. 04, 2015

Text Block [Abstract]

Net Sales

	Quarters Ended				Six Months Ended
	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Net sales:
Innerwear	$	777,614	$	788,330	$	1,323,787	$	1,359,484
Activewear	378,157		317,814		676,253		612,318
Direct to Consumer	101,531		104,352		183,032		188,066
International	264,731		131,556		547,882		241,554
Total net sales	$	1,522,033	$	1,342,052	$	2,730,954	$	2,401,422

Segment Operating Profit

	Quarters Ended						Six Months Ended
	July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Segment operating profit:
Innerwear	$	196,035		$	183,917		$	306,812		$	281,922
Activewear	61,485			47,459			94,236			81,204
Direct to Consumer	11,954			11,223			9,676			9,897
International	21,004			15,935			43,120			24,121
Total segment operating profit	290,478			258,534			453,844			397,144
Items not included in segment operating profit:
General corporate expenses	(20,181		)	(23,142		)	(45,593		)	(43,431		)
Acquisition, integration and other action related charges	(125,966		)	(24,045		)	(169,194		)	(66,682		)
Amortization of intangibles	(5,398		)	(4,223		)	(10,193		)	(8,119		)
Total operating profit	138,933			207,124			228,864			278,912
Other expenses	(830		)	(660		)	(1,212		)	(1,095		)
Interest expense, net	(29,020		)	(21,119		)	(55,907		)	(42,937		)
Income before income tax expense	$	109,083		$	185,345		$	171,745		$	234,880

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Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ 953,808	$ 837,698	$ 1,716,498	$ 1,540,291
Selling, general and administrative expenses	(429,292)	(297,230)	(785,592)	(582,219)
Income tax expense (benefit)	(14,181)	(30,767)	(24,207)	(38,742)
Net income	94,902	154,578	147,538	196,138
Reclassification out of Accumulated Other Comprehensive Income
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net income	2,157	(1,369)	915	(2,544)
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]
Selling, general and administrative expenses	(2,116)	(2,602)	(4,886)	(5,203)
Income tax expense (benefit)	1,597	1,020	2,797	2,040
Net income	(519)	(1,582)	(2,089)	(3,163)
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	3,823		4,658	1,030
Income tax expense (benefit)	(1,147)	(142)	(1,654)	(411)
Net income	$ 2,676	$ 213	$ 3,004	$ 619

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Acquisitions (Tables) - Knights Apparel

6 Months Ended

Jul. 04, 2015

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	2,190
Trademarks and other identifiable intangibles	59,950
Total assets acquired	99,898
Accounts payable	3,742
Accrued liabilities and other	3,065
Deferred tax liabilities and other noncurrent liabilities	19,964
Total liabilities assumed	26,771
Net assets acquired	73,127
Goodwill	120,393
Purchase price	$	193,520

Schedule of unaudited pro forma results of operations

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.

	Quarters Ended				Six Months Ended
	July 4, 2015		June 28, 2014		July 4, 2015		June 28, 2014
Net sales	$	1,522,033	$	1,371,070	$	2,753,111	$	2,449,092
Net income	100,206		154,789		150,607		188,126
Earnings per share:
Basic	$	0.25	$	0.39	$	0.37	$	0.47
Diluted	0.25		0.38		0.37		0.46