Quarterly report pursuant to Section 13 or 15(d)

TRANSACTIONS WITH FORMER PARENT (Tables)

v3.20.1
TRANSACTIONS WITH FORMER PARENT (Tables)
 3 Months Ended
Mar. 28, 2020
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table presents components of due from former parent, current:
(In thousands)
March 2019
Sale of trade accounts receivable
$
286,816

Hedging agreements with VF
4,266

Other
45


$
291,127


The following table presents components of the transfers to and from VF:
 
 
(In thousands)
March 2019
General financing activities
$
(198,411
)
Corporate allocations
31,153

Stock-based compensation expense
7,685

Pension benefit
(629
)
Purchases from parent
700

Sales to parent
(10,611
)
Other income tax
8,248

Transition tax related to the Tax Act
3,937

Total net transfers to former parent
$
(157,928
)

The following table presents components of due from former parent, noncurrent:
(In thousands)
March 2019
Hedging agreements with VF
$
370

The following table presents components of due to former parent, current:
(In thousands)
March 2019
Sourcing payable
$
3,865