Kontoor Brands, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Consolidated and Combined Statements of (Deficit) Equity (Unaudited)

Consolidated and Combined Statements of (Deficit) Equity (Unaudited) - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Former Parent Investment	Former Parent Investment Cumulative Effect, Period of Adoption, Adjustment	Accumulated Deficit	Accumulated Other Comprehensive Loss
Balance, beginning (in shares) at Dec. 29, 2018			0
Balance, beginning at Dec. 29, 2018	$ 1,723,452	$ (2,713)	$ 0	$ 0	$ 1,868,634	$ (2,713)	$ 0	$ (145,182)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	15,413				15,413
Foreign currency translation	758							758
Net transfers to former parent	(157,928)				(157,928)
Balance, ending at Mar. 30, 2019	1,578,982		$ 0	0	1,723,406		0	(144,424)
Balance, ending (in shares) at Mar. 30, 2019			0
Balance, beginning (in shares) at Dec. 29, 2018			0
Balance, beginning at Dec. 29, 2018	1,723,452	$ (2,713)	$ 0	0	1,868,634	$ (2,713)	0	(145,182)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	53,399
Net transfers to former parent								68,484
Balance, ending at Jun. 29, 2019	$ 82,168		$ 0	134,621	0		21,235	(73,688)
Balance, ending (in shares) at Jun. 29, 2019	56,647,561		56,648,000
Balance, beginning (in shares) at Mar. 30, 2019			0
Balance, beginning at Mar. 30, 2019	$ 1,578,982		$ 0	0	1,723,406		0	(144,424)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	37,986				16,751		21,235
Stock-based compensation, net	1,879			1,879
Foreign currency translation	4,686							4,686
Defined benefit pension plans	(14)							(14)
Derivative financial instruments	(2,420)							(2,420)
Net transfers to former parent	(1,538,931)				(1,607,415)			68,484
Transfer of former parent investment to additional paid-in capital	0			132,742	(132,742)
Issuance of Common Stock (in shares)			56,648,000
Issuance of Common Stock	0
Balance, ending at Jun. 29, 2019	$ 82,168		$ 0	134,621	$ 0		21,235	(73,688)
Balance, ending (in shares) at Jun. 29, 2019	56,647,561		56,648,000
Balance, beginning (in shares) at Dec. 28, 2019	56,811,198		56,812,000
Balance, beginning at Dec. 28, 2019	$ 69,257		$ 0	150,673			(1,718)	(79,698)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(2,712)						(2,712)
Stock-based compensation, net (in shares)			119,000
Stock-based compensation, net	611			3,293			(2,682)
Foreign currency translation	(27,210)							(27,210)
Defined benefit pension plans	29							29
Derivative financial instruments	(26,583)							(26,583)
Dividends on Common Stock ($0.56 per share)	(31,877)						(31,877)
Balance, ending at Mar. 28, 2020	$ (18,485)		$ 0	153,966			(38,989)	(133,462)
Balance, ending (in shares) at Mar. 28, 2020			56,931,000
Balance, beginning (in shares) at Dec. 28, 2019	56,811,198		56,812,000
Balance, beginning at Dec. 28, 2019	$ 69,257		$ 0	150,673			(1,718)	(79,698)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(35,974)
Balance, ending at Jun. 27, 2020	$ (44,889)		$ 0	158,660			(72,251)	(131,298)
Balance, ending (in shares) at Jun. 27, 2020	56,930,737		56,931,000
Balance, beginning (in shares) at Mar. 28, 2020			56,931,000
Balance, beginning at Mar. 28, 2020	$ (18,485)		$ 0	153,966			(38,989)	(133,462)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(33,262)						(33,262)
Stock-based compensation, net	4,694			4,694
Foreign currency translation	3,199							3,199
Defined benefit pension plans	(17)							(17)
Derivative financial instruments	(1,018)							(1,018)
Balance, ending at Jun. 27, 2020	$ (44,889)		$ 0	$ 158,660			$ (72,251)	$ (131,298)
Balance, ending (in shares) at Jun. 27, 2020	56,930,737		56,931,000