Preliminary proxy statement not related to a contested matter or merger/acquisition

Pay vs Performance Disclosure

v3.24.0.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
USD ($)
$ / shares
Jan. 01, 2022
USD ($)
$ / shares
Jan. 02, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Value of Initial Fixed $100 Investment Based On:
Year(1)
(a)
Summary
Compensation
Table Total
for PEO(2)
(b)
 Compensation
Actually Paid
to PEO
(c)
Average Summary
CompensationTable Total for
Non-PEO NEOs(2)
(d)
 Average CompensationActually Paid
to Non-PEO
NEOs
(e)		 KTB Total
Shareholder
Return
(f)		 S&P 1500
Apparel Retail
Index Total
Shareholder
Return
(g)		 KTB GAAP Net Income ($mm)
(h)
KTB
Adjusted EPS
Measure(3)
(i)
2023
$[ ]
$[ ]
$[ ]
$[ ]
$[ ]
$[ ]
$[ ]
$[ ]
2022 $11,412,428 $10,260,831 $3,175,275 $3,052,820 $104.55 $125.35 $245,493,000 $4.49
2021 $9,979,870 $14,670,445 $2,375,813 $2,881,053 $127.77 $129.18 $195,423,000 $4.28
2020 $6,222,014 $5,305,530 $1,742,947 $1,485,725 $98.08 $111.33 $67,923,000 $2.61
     
Company Selected Measure Name Adjusted EPS      
Named Executive Officers, Footnote Our Chief Executive Officer, Scott H. Baxter, served as our Principal Executive Officer (“PEO”) in 2023, 2022, 2021 and 2020. Our other NEOs (“Non-PEO NEOs”) included:
a.For 2023, Joseph A. Alkire (who served for four months in 2023), Thomas L. Doerr, Jr, Thomas E. Waldron, Christopher M. Waldeck, and Rustin E. Welton.
b.For 2022, Thomas L. Doerr, Jr. (who served for seven months in 2022), Thomas E. Waldron, Christopher M. Waldeck, and Rustin E. Welton.
c.For 2021, Laurel Krueger (who served for eight months in 2021), Thomas E. Waldron, Christopher M. Waldeck, and Rustin E. Welton.
d.For 2020, Laurel Krueger, Thomas E. Waldron, Christopher M. Waldeck, and Rustin E. Welton.
     
PEO Total Compensation Amount   $ 11,412,428 $ 9,979,870 $ 6,222,014
PEO Actually Paid Compensation Amount   10,260,831 14,670,445 5,305,530
Adjustment To PEO Compensation, Footnote The Company has identified Adjusted EPS as the company-selected measure for the pay versus performance disclosure, representing the most important financial performance measure used to link compensation actually paid to the PEO and the other NEOs in 2023 to the Company's performance. See “Appendix B-Reconciliation of Adjusted Financial Measures” at the end of this document for a reconciliation to the most directly comparable GAAP measure.
2023 2022 2021 2020
Reconciliation of Summary Compensation Totals and Compensation Actual Paid
PEO
Average Non-PEO NEOs
 PEO Average
Non-PEO
NEOs		 PEO Average
Non-PEO
NEOs		 PEO Average
 Non-PEO
NEOs
Summary Compensation Table Total for PEO (column (b))
$[ ]
$[ ]
 $11,412,428 $3,175,275 $9,979,870 $2,375,813 $6,222,014 $1,742,947
+/- Net Change in Pension $0 $0 $0 $0 $0 $0 $0 $0
+/- Net Change in Stock Awards
$[ ]
$[ ]
 $(1,151,597) $(122,455) $4,630,601 $505,862 $(772,162) $(235,664)
+/- Net Change in Option Award $0 $0 $0 $0 $59,974 $(622) $(144,322) $(21,558)
Compensation Actually Paid
$[ ]
$[ ]
 $10,260,831 $3,052,820 $14,670,445 $2,881,053 $5,305,530 $1,485,725
     
Non-PEO NEO Average Total Compensation Amount   3,175,275 2,375,813 1,742,947
Non-PEO NEO Average Compensation Actually Paid Amount   3,052,820 2,881,053 1,485,725
Adjustment to Non-PEO NEO Compensation Footnote The Company has identified Adjusted EPS as the company-selected measure for the pay versus performance disclosure, representing the most important financial performance measure used to link compensation actually paid to the PEO and the other NEOs in 2023 to the Company's performance. See “Appendix B-Reconciliation of Adjusted Financial Measures” at the end of this document for a reconciliation to the most directly comparable GAAP measure.
2023 2022 2021 2020
Reconciliation of Summary Compensation Totals and Compensation Actual Paid
PEO
Average Non-PEO NEOs
 PEO Average
Non-PEO
NEOs		 PEO Average
Non-PEO
NEOs		 PEO Average
 Non-PEO
NEOs
Summary Compensation Table Total for PEO (column (b))
$[ ]
$[ ]
 $11,412,428 $3,175,275 $9,979,870 $2,375,813 $6,222,014 $1,742,947
+/- Net Change in Pension $0 $0 $0 $0 $0 $0 $0 $0
+/- Net Change in Stock Awards
$[ ]
$[ ]
 $(1,151,597) $(122,455) $4,630,601 $505,862 $(772,162) $(235,664)
+/- Net Change in Option Award $0 $0 $0 $0 $59,974 $(622) $(144,322) $(21,558)
Compensation Actually Paid
$[ ]
$[ ]
 $10,260,831 $3,052,820 $14,670,445 $2,881,053 $5,305,530 $1,485,725
     
Compensation Actually Paid vs. Company Selected Measure
Relationship Between Compensation Actually Paid and Performance Measures
Period Compensation Actually
Paid to PEO		 Average compensation
Actually Paid to Other NEOs		 KTB TSR Peer Group TSR GAAP Net
Income		 Adjusted EPS
2020 to 2023
[ ]%
[ ] %
[ ]%
[ ]%
[ ]%
[ ]%
•Relationship Between Compensation Actually Paid to our PEO and the Average of the Compensation Actually Paid to the Other NEOs and the Company’s Cumulative TSR. From 2020 to 2023, the compensation actually paid to our PEO and the average of the compensation actually paid to the Other NEOs increased by [ ]% and [ ]%, respectively, compared to a [ ]% increase in our TSR over the same time period.
•Relationship Between Compensation Actually Paid to our PEO and the Average of the Compensation Actually Paid to the Other NEOs and the Company’s Net Income. From 2020 to 2023, the compensation actually paid to our PEO and the average of the compensation actually paid to the Other NEOs increased by [ ]% and [ ]%, respectively, compared to a [ ]% increase in our Operating Income over the same time period.
•Relationship Between Compensation Actually Paid to our PEO and the Average of the Compensation Actually Paid to the Other NEOs and the Company’s Adjusted EPS. From 2020 to 2023, the compensation actually paid to our PEO and the average of the compensation actually paid to the Other NEOs increased by [ ]% and [ ]%, respectively, compared to a [ ]% increase in our Adjusted Diluted EPS over the three-year period.
•Relationship Between the Company’s TSR and the Peer Group TSR. The TSR for the Peer Group disclosed in the table above increased by [ ]% from 2020 to 2023 as compared to the Company’s TSR, which increased by [ ]% over the same time period.
     
Tabular List, Table
 GAAP Revenue (as defined in “Compensation Discussion & Analysis—Components of Total Direct Compensation—Annual Cash Incentives”, described on page 40)
Gross Margin (as defined in “Compensation Discussion & Analysis—Components of Total Direct Compensation—Annual Cash Incentives”, described on page 40
Operating Income (as defined in “Compensation Discussion & Analysis—Components of Total Direct Compensation—Annual Cash Incentives”, described on page 40)
Revenue (as defined in “Compensation Discussion & Analysis—Components of Total Direct Compensation—Long-Term Incentive Awards”, described on page 42)
Adjusted EPS (as defined in “Compensation Discussion & Analysis—Components of Total Direct Compensation—Long-Term Incentive Awards”, described on page 42)
      
Total Shareholder Return Amount   104.55 127.77 98.08
Peer Group Total Shareholder Return Amount   125.35 129.18 111.33
Net Income (Loss)   $ 245,493,000 $ 195,423,000 $ 67,923,000
Company Selected Measure Amount | $ / shares   4.49 4.28 2.61
PEO Name Scott H. Baxter Scott H. Baxter Scott H. Baxter Scott H. Baxter
Additional 402(v) Disclosure For each year, the values included in columns (c) and (e) for the compensation actually paid to our PEO and the average compensation paid to our non-PEO NEOs reflect the following adjustments to the values included in column (b) and column (d), respectively:      
PEO | Change in Pension Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   $ 0 $ 0 $ 0
PEO | Change in Stock Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (1,151,597) 4,630,601 (772,162)
PEO | Change in Option Award [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   0 59,974 (144,322)
Non-PEO NEO | Measure:: 1        
Pay vs Performance Disclosure        
Name GAAP Revenue      
Non-PEO NEO | Measure:: 2        
Pay vs Performance Disclosure        
Name Gross Margin      
Non-PEO NEO | Measure:: 3        
Pay vs Performance Disclosure        
Name Operating Income      
Non-PEO NEO | Measure:: 4        
Pay vs Performance Disclosure        
Name Revenue      
Non-PEO NEO | Measure:: 5        
Pay vs Performance Disclosure        
Name Adjusted EPS      
Non-PEO NEO | Change in Pension Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   0 0 0
Non-PEO NEO | Change in Stock Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (122,455) 505,862 (235,664)
Non-PEO NEO | Change in Option Award [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   $ 0 $ (622) $ (21,558)