Quarterly report pursuant to Section 13 or 15(d)

TRANSACTIONS WITH FORMER PARENT (Tables)

v3.19.3
TRANSACTIONS WITH FORMER PARENT (Tables)
 9 Months Ended
Sep. 28, 2019
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table presents components of due from former parent, noncurrent:
(in thousands)
 
December 2018
 
September 2018
Hedging agreements with VF
 
$
611

 
$
1,100

The following table presents components of due to former parent, current:
(in thousands)
 
December 2018
 
September 2018
Sourcing payable
 
$
16,140

 
$
69,542


The following table presents components of the transfers to and from VF:
 
 
Nine Months Ended September
 
 
 
 
 
 
(in thousands)
 
2019 (a)
 
 
2018
General financing activities
 
$
(723,155
)
 
 
$
(127,627
)
Corporate allocations
 
47,903

 
 
82,477

Stock-based compensation expense
 
9,582

 
 
14,012

Pension (benefit) costs
 
(2,246
)
 
 
5,286

Purchases from parent
 
3,193

 
 
1,961

Sales to parent
 
(13,988
)
 
 
(40,566
)
Other income tax
 
10,863

 
 
53,378

Transition tax related to the Tax Act
 
3,937

 
 
5,716

Cash dividend to former parent
 
(1,032,948
)
 
 
—

Total net transfers to former parent
 
$
(1,696,859
)
 
 
$
(5,363
)
 
 
 
 
 
 
(a) Activity reflected through the Separation date.
 
 
 
 
 

The following table presents components of due from former parent, current:
(in thousands)
 
December 2018
 
September 2018
Sale of trade accounts receivable
 
$
544,858

 
$
263,498

Hedging agreements with VF
 
2,832

 
4,107


 
$
547,690

 
$
267,605