This excerpt taken from the HBI 8-K filed Sep 13, 2006.
On September 13, 2006, in furtherance of its efforts to migrate portions of its manufacturing operations to lower-cost locations, Hanesbrands Inc. (the Company) announced the closing of three facilities: a sewing facility located in Mexico (the Sewing Facility) with approximately 1,700 employees, a textile manufacturing facility located in North Carolina (the Manufacturing Facility) with approximately 260 employees, and a hosiery knitting facility located in South Carolina with approximately 145 employees (the Knitting Facility and, together with the Manufacturing Facility and the Sewing Facility, the Facilities). The closings of the Sewing Facility and the Manufacturing Facility are expected to be completed in the second quarter of fiscal 2007, and the closing of the Knitting Facility is expected to be completed in the third quarter of fiscal 2007. As a result of the decisions to close the Facilities, the Company expects to recognize restructuring and related charges totaling approximately $27 million before taxes in fiscal 2007, primarily in the first half of fiscal 2007 (which ends December 30, 2006). These charges include cash charges primarily related to severance and disassembly costs totaling approximately $10 million and non-cash charges totaling approximately $17 million related to accelerated depreciation on the Facilities (including machinery and equipment).