##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

|                                                                                             |               
|-------------------------------------------------------------------------------------------- | --------------
|[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 
|For the quarterly period ended                                                               | March 29, 2003
|                                                                                             |               
|                                                                                            
|                                                                                             | or            
|                                                                                            
|[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|For the transition period from                                                               | to            
|                                                                                            
|Commission File Number                                                                       | 0-23161       
|                                                                                             |               



Tropical Sportswear Intl Corporation

(Exact name of registrant as specified in its charter)


|                                                               |  |                                   
|-------------------------------------------------------------- |  | ----------------------------------
|Florida                                                        |  | 59-3424305                        
|                                                               |  |                                   
|(State or other jurisdiction of
incorporation or organization) |  | I.R.S. Employer
Identification No.

|                                         |  |            | 
|---------------------------------------- |  | ---------- | 
|4902 W. Waters Avenue Tampa, FL          |  | 33634-1302 | 
|                                        
|(Address of principal executive offices) |  | (Zip Code) | 

|                                                   |  |               
|-------------------------------------------------- |  | --------------
|Registrants telephone number, including area code |  | (813) 249-4900
|                                                   |  |               



(Former name, former address and former fiscal year, if changed since last report.)


Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.  [X]  Yes  [  ]  No

Indicate by check mark whether the registrant is an accelerated filer (as
defined in Exchange Act Rule 12b-2).  [X]  Yes  [  ]  No

As of May 5, 2003 there were 11,040,452 shares of the registrants Common Stock
outstanding.





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TABLE OF CONTENTS



|                                                                                               |  |  |  |  |  |  |  | 
|---------------------------------------------------------------------------------------------- |  |  |  |  |  |  |  | 
|PART I FINANCIAL INFORMATION                                                                  
|Item 1. Financial Statements                                                                  
|Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations.
|Item 3. Quantitative and Qualitative Disclosures about Market Risk                            
|Item 4. Controls and Procedures                                                               
|PART II OTHER INFORMATION                                                                     
|Item 1. Legal Proceedings                                                                     
|Item 2. Changes in Securities                                                                 
|Item 3. Defaults upon Senior Securities                                                       
|Item 4. Submission of Matters to a Vote of Security Holders                                   
|Item 5. Other Information                                                                     
|Item 6. Exhibits and Reports on Form 8-K                                                      
|Ex-99.1 Section 302 CEO Certification                                                         
|Ex-99.2 Section 302 CFO Certification                                                         
|Ex-99.1 Section 906 CEO Certification                                                         
|Ex-99.4 Section 906 CFO Certification                                                         



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TROPICAL SPORTSWEAR INTL CORPORATION

FORM 10-Q
TABLE OF CONTENTS

|        |  |                                                                                       |          |   
|------- |  | ------------------------------------------------------------------------------------- | -------- | --
|PART I  |  | Financial Information                                                                 | Page
No.
|        |  |                                                                                       |         
|       
|Item 1  |  | Financial Statements                                                                  |          | 3 
|       
|Item 2  |  | Managements Discussion and Analysis of Financial Condition and
Results of Operations |          | 13
|       
|Item 3  |  | Quantitative and Qualitative Disclosures about Market Risk                            |          | 18
|       
|Item 4  |  | Controls and Procedures                                                               |          | 18
|       
|PART II |  | Other Information                                                                     |          |   
|       
|Item 1  |  | Legal Proceedings                                                                     |          | 18
|       
|Item 2  |  | Changes in Securities                                                                 |          | 18
|       
|Item 3  |  | Defaults upon Senior Securities                                                       |          | 19
|       
|Item 4  |  | Submission of Matters to a Vote of Security Holders                                   |          | 19
|       
|Item 5  |  | Other Information                                                                     |          | 20
|       
|Item 6  |  | Exhibits and Reports on Form 8-K                                                      |          | 20
|       

-2-



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##### Table of Contents









PART I FINANCIAL INFORMATION







Item 1. Financial Statements

TROPICAL SPORTSWEAR INTL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
(In thousands, except per share amounts)

|                                             |         |                       |         |             |        |             |         |             |       |             |         |       |        |   |         |      |       |  
|-------------------------------------------- | ------- | --------------------- | ------- | ----------- | ------ | ----------- | ------- | ----------- | ----- | ----------- | ------- | ----- | ------ | - | ------- | ---- | ----- | -
|                                             |         |                       |         | Thirteen    |        | Thirteen    |         | Twenty-six  |       | Twenty-six 
|                                             |         |                       |         | Weeks Ended |        | Weeks Ended |         | Weeks Ended |       | Weeks Ended
|                                             |         |                       |         | March 29,   |        | March 30,   |         | March 29,   |       | March 30,  
|                                             |         |                       |         | 2003        |        | 2002        |         | 2003        |       | 2002       
|                                             |         |                       |         |             |        |             |         |             |       |            
|Net sales                                    |         | $                     | 112,725 |             |        | $           | 120,610 |             |       | $           | 211,766 |       |        | $ | 230,621 |     
|Cost of goods sold                           |         |                       | 89,696  |             |        |             | 86,693  |             |       |             | 167,943 |       |        |   | 165,071 |     
|                                             |         |                       |         |             |        |             |         |             |       |             |         |       |        |   |         |     
|Gross profit                                 |         |                       | 23,029  |             |        |             | 33,917  |             |       |             | 43,823  |       |        |   | 65,550  |     
|Selling, general and administrative
expenses |         |                       | 20,273  |             |        |             | 24,327  |             |       |             | 42,577  |       |        |   | 48,425  |     
|Other charges                                |         |                       |        |             |        |             |        |             |       |             | 3,752   |       |        |   |        |     
|                                             |         |                       |         |             |        |             |         |             |       |             |         |       |        |   |         |     
|Operating income (loss)                      |         |                       | 2,756   |             |        |             | 9,590   |             |       |             | (2,506  | )     |        |   | 17,125  |     
|Other (income) expense:                      |         |                       |         |             |        |             |         |             |       |             |         |       |        |   |         |     
|                                             |         | Interest expense, net |         |             | 2,808  |             |         |             | 3,608 |             |         |       | 5,697  |   |         |      | 7,161 |  
|                                             |         | Other, net            |         |             | (1,003 | )           |         |             | 70    |             |         |       | (1,094 | ) |         |      | (655  | )
|                                             |         |                       |         |             |        |             |         |             |       |             |         |       |        |   |         |     
|                                             |         |                       | 1,805   |             |        |             | 3,678   |             |       |             | 4,603   |       |        |   | 6,506   |     
|Income (loss) before income taxes            |         |                       | 951     |             |        |             | 5,912   |             |       |             | (7,109  | )     |        |   | 10,619  |     
|Provision (benefit) for income taxes         |         |                       | 313     |             |        |             | 2,243   |             |       |             | (2,729  | )     |        |   | 3,992   |     
|                                             |         |                       |         |             |        |             |         |             |       |             |         |       |        |   |         |     
|Net income (loss)                            |         |                       | 638     |             |        |             | 3,669   |             |       |             | (4,380  | )     |        |   | 6,627   |     
|Foreign currency translations and
other      |         |                       | 165     |             |        |             | (25     | )           |       |             | 387     |       |        |   | 236     |     
|                                             |         |                       |         |             |        |             |         |             |       |             |         |       |        |   |         |     
|Comprehensive income (loss)                  |         | $                     | 803     |             |        | $           | 3,644   |             |       | $           | (3,993  | )     |        | $ | 6,863   |     
|                                             |         |                       |         |             |        |             |         |             |       |             |         |       |        |   |         |     
|Net income (loss) per common share:          |         |                       |         |             |        |             |         |             |       |             |         |       |        |   |         |     
|                                             | Basic   |                       | $       | 0.06        |        |             | $       | 0.47        |       |             | $       | (0.40 | )      |   | $       | 0.86 |      
|                                             |         |                       |         |             |        |             |         |             |       |             |         |       |        |   |         |     
|                                             | Diluted |                       | $       | 0.06        |        |             | $       | 0.46        |       |             | $       | (0.40 | )      |   | $       | 0.84 |      
|                                             |         |                       |         |             |        |             |         |             |       |             |         |       |        |   |         |     

See accompanying notes.

-3-



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TROPICAL SPORTSWEAR INTL CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)

|                                                          |                                                      |                                            |                                      |        |             |  |               |        |         |  | 
|--------------------------------------------------------- | ---------------------------------------------------- | ------------------------------------------ | ------------------------------------ | ------ | ----------- |  | ------------- | ------ | ------- |  | 
|                                                          |                                                      |                                            |                                      |        | March 29,   |  | September 28,
|                                                          |                                                      |                                            |                                      |        | 2003        |  | 2002         
|                                                          |                                                      |                                            |                                      |        |             |  |              
|                                                          |                                                      |                                            |                                      |        | (unaudited) |  | (audited)    
|                                                          |                                                      |                                            | ASSETS                               |        |             |  |               |        |         |  | 
|Current Assets:                                           |                                                      |                                            |                                      |        |             |  |               |       
|                                                          | Cash and cash equivalents                            |                                            | $                                    | 5,876  |             |  | $             | 28,284 |        
|                                                          | Marketable securities                                |                                            |                                      |       |             |  |               | 11,100 |        
|                                                          | Accounts receivable, net                             |                                            |                                      | 99,996 |             |  |               | 91,009 |        
|                                                          | Inventories, net                                     |                                            |                                      | 98,315 |             |  |               | 74,797 |        
|                                                          | Deferred income taxes                                |                                            |                                      | 9,609  |             |  |               | 9,414  |        
|                                                          | Prepaid expenses and other current assets            |                                            |                                      | 16,437 |             |  |               | 13,460 |        
|                                                          |                                                      |                                            |                                      |        |             |  |               |       
|                                                          |                                                      | Total current assets                       |                                      |        | 230,233     |  |               |        | 228,064 | 
|Property and equipment, net                               |                                                      |                                            | 56,798                               |        |             |  | 48,473        |       
|Intangible assets, including trademarks and goodwill, net |                                                      |                                            | 47,196                               |        |             |  | 47,326        |       
|Other assets                                              |                                                      |                                            | 12,163                               |        |             |  | 12,345        |       
|                                                          |                                                      |                                            |                                      |        |             |  |               |        |        
|                                                          |                                                      | Total assets                               |                                      | $      | 346,390     |  |               | $      | 336,208 | 
|                                                          |                                                      |                                            |                                      |        |             |  |               |       
|                                                          |                                                      |                                            | LIABILITIES AND SHAREHOLDERS EQUITY |        |             |  |               |        |         |  | 
|Current Liabilities:                                      |                                                      |                                            |                                      |        |             |  |               |       
|                                                          | Accounts payable and accrued expenses                |                                            | $                                    | 54,292 |             |  | $             | 60,599 |        
|                                                          | Current portion of long-term debt and capital leases |                                            |                                      | 22,321 |             |  |               | 1,251  |        
|                                                          |                                                      |                                            |                                      |        |             |  |               |        |        
|                                                          |                                                      | Total current liabilities                  |                                      |        | 76,613      |  |               |        | 61,850  | 
|Long-term debt and capital leases                         |                                                      |                                            | 108,284                              |        |             |  | 108,922       |       
|Deferred income taxes                                     |                                                      |                                            | 2,884                                |        |             |  | 2,881         |       
|Other non-current liabilities                             |                                                      |                                            | 6,230                                |        |             |  | 6,183         |       
|                                                          |                                                      |                                            |                                      |        |             |  |               |       
|                                                          |                                                      | Total liabilities                          |                                      |        | 194,011     |  |               |        | 179,836 | 
|Shareholders Equity:                                     |                                                      |                                            |                                      |        |             |  |               |       
|                                                          | Preferred stock                                      |                                            |                                      |       |             |  |               |       |        
|                                                          | Common stock                                         |                                            |                                      | 110    |             |  |               | 110    |        
|                                                          | Additional paid in capital                           |                                            |                                      | 88,549 |             |  |               | 88,549 |        
|                                                          | Accumulated other comprehensive loss                 |                                            |                                      | (4,735 | )           |  |               | (5,122 | )      
|                                                          | Retained earnings                                    |                                            |                                      | 68,455 |             |  |               | 72,835 |        
|                                                          |                                                      |                                            |                                      |        |             |  |               |       
|                                                          |                                                      | Total shareholders equity                 |                                      |        | 152,379     |  |               |        | 156,372 | 
|                                                          |                                                      |                                            |                                      |        |             |  |               |       
|                                                          |                                                      | Total liabilities and shareholders equity |                                      | $      | 346,390     |  |               | $      | 336,208 | 
|                                                          |                                                      |                                            |                                      |        |             |  |               |       

See accompanying notes.

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TROPICAL SPORTSWEAR INTL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(In thousands)

|                                                                                            |                                                     |                                           |                                                     |         |             |        |             |       |         |        |  
|------------------------------------------------------------------------------------------- | --------------------------------------------------- | ----------------------------------------- | --------------------------------------------------- | ------- | ----------- | ------ | ----------- | ----- | ------- | ------ | -
|                                                                                            |                                                     |                                           |                                                     |         | Twenty-six  |        | Twenty-six 
|                                                                                            |                                                     |                                           |                                                     |         | Weeks Ended |        | Weeks Ended
|                                                                                            |                                                     |                                           |                                                     |         | March 29,   |        | March 30,  
|                                                                                            |                                                     |                                           |                                                     |         | 2003        |        | 2002       
|                                                                                            |                                                     |                                           |                                                     |         |             |        |            
|OPERATING ACTIVITIES                                                                        |                                                     |                                           |                                                     |         |             |        |             |      
|Net Income (loss)                                                                           |                                                     | $                                         | (4,380                                              | )       |             | $      | 6,627       |      
|Adjustments to reconcile net income to net cash
(used in) provided by operating activities: |                                                     |                                           |                                                     |         |             |        |             |      
|                                                                                            |                                                     | Depreciation and amortization             |                                                     |         | 3,338       |        |             |       | 3,672   |       
|                                                                                            |                                                     | Deferred income taxes and other           |                                                     |         | (801        | )      |             |       | (628    | )     
|Changes in operating assets and liabilities:                                                |                                                     |                                           |                                                     |         |             |        |             |      
|                                                                                            |                                                     | Accounts receivable                       |                                                     |         | (8,987      | )      |             |       | (10,920 | )     
|                                                                                            |                                                     | Inventories                               |                                                     |         | (23,519     | )      |             |       | (6,593  | )     
|                                                                                            |                                                     | Prepaid expenses and other current assets |                                                     |         | (2,251      | )      |             |       | 10,416  |       
|                                                                                            |                                                     | Accounts payable and accrued expenses     |                                                     |         | (6,121      | )      |             |       | 3,106   |       
|                                                                                            |                                                     |                                           |                                                     |         |             |        |             |      
|                                                                                            | Net cash (used in) provided by operating activities |                                           |                                                     | (42,721 | )           |        |             | 5,680 |        
|                                                                                            |                                                     |                                           |                                                     |         |             |        |             |      
|INVESTING ACTIVITIES                                                                        |                                                     |                                           |                                                     |         |             |        |             |      
|Capital expenditures                                                                        |                                                     |                                           | (11,559                                             | )       |             |        | (3,130      | )    
|Sale of marketable securities                                                               |                                                     |                                           | 11,100                                              |         |             |        |            |      
|Other, net                                                                                  |                                                     |                                           | 172                                                 |         |             |        | 46          |      
|                                                                                            |                                                     |                                           |                                                     |         |             |        |             |      
|                                                                                            |                                                     | Net cash used in investing activities     |                                                     |         | (287        | )      |             |       | (3,084  | )     
|                                                                                            |                                                     |                                           |                                                     |         |             |        |             |      
|FINANCING ACTIVITIES:                                                                       |                                                     |                                           |                                                     |         |             |        |             |      
|Net change in long-term debt and capital leases                                             |                                                     |                                           | 20,401                                              |         |             |        | (2,517      | )    
|Proceeds from exercise of stock options                                                     |                                                     |                                           |                                                    |         |             |        | 861         |      
|                                                                                            |                                                     |                                           |                                                     |         |             |        |             |      
|                                                                                            |                                                     |                                           | Net cash provided by (used in) financing activities |         |             | 20,401 |             |       |         | (1,656 | )
|                                                                                            |                                                     |                                           |                                                     |         |             |        |             |      
|Change in currency translation and other                                                    |                                                     |                                           | 199                                                 |         |             |        | (223        | )    
|Net (decrease) increase in cash and cash equivalents                                        |                                                     |                                           | (22,408                                             | )       |             |        | 717         |      
|Cash and cash equivalents at beginning of period                                            |                                                     |                                           | 28,284                                              |         |             |        | 1,714       |      
|                                                                                            |                                                     |                                           |                                                     |         |             |        |             |      
|Cash and cash equivalents at end of period                                                  |                                                     | $                                         | 5,876                                               |         |             | $      | 2,431       |      
|                                                                                            |                                                     |                                           |                                                     |         |             |        |             |      

See accompanying notes.

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TROPICAL SPORTSWEAR INTL CORPORATION
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
March 29, 2003 and September 28, 2002
(In thousands, except share and per share amounts)



|1. |  | BASIS OF PRESENTATION
|-- |  | ---------------------

The accompanying unaudited condensed consolidated financial statements of
Tropical Sportswear Intl Corporation (the Company) include the accounts of
Tropical Sportswear Intl Corporation and its subsidiaries. These financial
statements have been prepared in accordance with the instructions for Form 10-Q
and, therefore, do not include all information and footnotes required by
generally accepted accounting principles. The unaudited condensed consolidated
financial statements should be read in conjunction with the audited financial
statements and related notes included in the Companys Annual Report on Form
10-K for the year ended September 28, 2002. In the opinion of management, the
unaudited condensed consolidated financial statements contain all necessary
adjustments (which include only normal, recurring adjustments) for a fair
presentation of the interim periods presented. Operating results for the
twenty-six weeks ended March 29, 2003 are not necessarily indicative of results
that may be expected for the entire fiscal year ending September 27, 2003.



|2. |  | INVENTORIES
|-- |  | -----------

Inventories consist of the following:

|                                             |  |           |        |               |  |   |        |  
|-------------------------------------------- |  | --------- | ------ | ------------- |  | - | ------ | -
|                                             |  | March 29, |        | September 28,
|                                             |  | 2003      |        | 2002         
|                                             |  |           |        |              
|Raw materials                                |  | $         | 9,411  |               |  | $ | 7,772  |  
|Work in process                              |  |           | 26,038 |               |  |   | 18,696 |  
|Finished goods                               |  |           | 68,918 |               |  |   | 51,736 |  
|Reserve for excess and slow moving inventory |  |           | (6,052 | )             |  |   | (3,407 | )
|                                             |  |           |        |               |  |   |        |  
|                                             |  | $         | 98,315 |               |  | $ | 74,797 |  
|                                             |  |           |        |               |  |   |        |  



|3. |  | DEBT AND CAPITAL LEASES
|-- |  | -----------------------

Long-term debt and capital leases consist of the following:

|                          |  |           |         |               |  |   |         |  
|------------------------- |  | --------- | ------- | ------------- |  | - | ------- | -
|                          |  | March 29, |         | September 28,
|                          |  | 2003      |         | 2002         
|                          |  |           |         |              
|Revolving credit line     |  | $         | 21,029  |               |  | $ |        |  
|Real estate loan          |  |           | 7,000   |               |  |   | 7,000   |  
|Senior subordinated notes |  |           | 100,000 |               |  |   | 100,000 |  
|Other                     |  |           | 2,576   |               |  |   | 3,173   |  
|                          |  |           |         |               |  |   |         |  
|                          |  |           | 130,605 |               |  |   | 110,173 |  
|Less current maturities   |  |           | (22,321 | )             |  |   | (1,251  | )
|                          |  |           |         |               |  |   |         |  
|                          |  | $         | 108,284 |               |  | $ | 108,922 |  
|                          |  |           |         |               |  |   |         |  

-6-



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The Companys revolving credit line (the Facility) provides for borrowings of
up to $110.0 million, subject to certain borrowing base limitations.
Borrowings under the Facility bear variable rates of interest based on LIBOR
plus an applicable margin (4.3% at March 29, 2003) and are secured by
substantially all of the
Companys domestic assets. The Facility matures in June 2003 and the Company
intends to and is in the process of renewing the Facility. As of March 29,
2003, $89.0 million was available for borrowings under the Facility.



|4. |  | EARNINGS PER SHARE
|-- |  | ------------------

Basic and diluted net income (loss) per share are computed as follows:

|                                                                 |                                   |  |             |        |             |  |             |       |             |  |        |        |   |  |       |       | 
|---------------------------------------------------------------- | --------------------------------- |  | ----------- | ------ | ----------- |  | ----------- | ----- | ----------- |  | ------ | ------ | - |  | ----- | ----- | 
|                                                                 |                                   |  | Thirteen    |        | Thirteen    |  | Twenty-six  |       | Twenty-six 
|                                                                 |                                   |  | Weeks ended |        | Weeks ended |  | Weeks ended |       | Weeks ended
|                                                                 |                                   |  | March 29,   |        | March 30,   |  | March 29,   |       | March 30,  
|                                                                 |                                   |  | 2003        |        | 2002        |  | 2003        |       | 2002       
|                                                                 |                                   |  |             |        |             |  |             |       |            
|Numerator for basic net income (loss) per
share:                 |                                   |  |             |        |             |  |             |       |             |  |        |        |   |  |       |      
|                                                                 | Net income (loss)                 |  | $           | 638    |             |  | $           | 3,669 |             |  | $      | (4,380 | ) |  | $     | 6,627 | 
|Denominator for basic net income per
share:                      |                                   |  |             |        |             |  |             |       |             |  |        |        |   |  |       |      
|                                                                 | Weighted average shares of common |  |             |        |             |  |             |       |             |  |        |        |   |  |       |       | 
|                                                                 | stock outstanding                 |  |             | 11,040 |             |  |             | 7,728 |             |  |        | 11,040 |   |  |       | 7,714 | 
|Effect of dilutive stock options using the
treasury stock method |                                   |  | 28          |        |             |  | 212         |       |             |  |       |        |   |  | 164   |      
|                                                                 |                                   |  |             |        |             |  |             |       |             |  |        |        |   |  |       |      
|Denominator for diluted net income (loss)
per share              |                                   |  | 11,068      |        |             |  | 7,940       |       |             |  | 11,040 |        |   |  | 7,878 |      
|                                                                 |                                   |  |             |        |             |  |             |       |             |  |        |        |   |  |       |       | 
|Net income (loss) per common share:                              |                                   |  |             |        |             |  |             |       |             |  |        |        |   |  |       |      
|                                                                 | Basic                             |  | $           | 0.06   |             |  | $           | 0.47  |             |  | $      | (0.40  | ) |  | $     | 0.86  | 
|                                                                 |                                   |  |             |        |             |  |             |       |             |  |        |        |   |  |       |      
|                                                                 | Diluted                           |  | $           | 0.06   |             |  | $           | 0.46  |             |  | $      | (0.40  | ) |  | $     | 0.84  | 
|                                                                 |                                   |  |             |        |             |  |             |       |             |  |        |        |   |  |       |      



|5. |  | RESTRUCTURING OF SAVANE INTERNATIONAL CORP.
|-- |  | -------------------------------------------

On April 18, 2002, the Company announced a plan to consolidate the
administrative, cutting and related functions of the Savane division in El
Paso, Texas into the Tampa, Florida facility. The Company has completed all
aspects of this consolidation in the second fiscal quarter ending March 29,
2003. As part of the consolidation, the Company has vacated its El Paso, Texas
administration building and cutting facility.

As a result of these initiatives (internally referred to as Project
Synergy), the Company recorded exit accruals related to this consolidation
during fiscal 2002. During the twenty-six weeks ended March 29, 2003, the
Company reduced certain of these exit accruals as the consolidation project has
reached completion and better cost estimates were available. As of March 29,
2003, the Company has an accrual of approximately $2.0 million, related to exit
costs, which primarily consist of lease terminations ($1.9 million) and related
expenses ($0.1 million). The activity in the exit accruals related to Project
Synergy during the twenty-six weeks ended March 29, 2003 were as follows:

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|                  |  |                  |        |  
|----------------- |  | ---------------- | ------ | -
|                  |  | Twenty-six weeks
|                  |  | ended           
|                  |  | March 29, 2003  
|                  |  |                 
|Beginning balance |  | $                | 4,295  |  
|Reductions        |  |                  | (1,550 | )
|Cash payments     |  |                  | (783   | )
|                  |  |                  |        |  
|Ending balance    |  | $                | 1,962  |  
|                  |  |                  |        |  

The Company has remaining accrued liabilities related to the 1998 acquisition
of Savane International Corp.
The exit costs primarily consist of estimated lease termination costs and
related expenses. The activity in the exit accruals related to this
acquisition during the twenty-six weeks ended March 29, 2003 were as follows:

|                  |  |                  |        |  
|----------------- |  | ---------------- | ------ | -
|                  |  | Twenty-six weeks
|                  |  | ended           
|                  |  | March 29, 2003  
|                  |  |                 
|Beginning balance |  | $                | 2,216  |  
|Cash payments     |  |                  | (1,107 | )
|                  |  |                  |        |  
|Ending balance    |  | $                | 1,109  |  
|                  |  |                  |        |  



|6. |  | RECENT ACCOUNTING PRONOUNCEMENTS
|-- |  | --------------------------------

In October 2001, the Financial Accounting Standards Board (FASB) issued
Statement of Financial Accounting Standard No. 144, Accounting for the
Impairment or Disposal of Long-Lived Assets (Statement No. 144), which is
effective for financial statements issued for fiscal years beginning after
December 15, 2001 and interim periods within those fiscal years. Statement No.
144 supersedes Statement of Financial Accounting Standard No. 121, Accounting
for the Impairment of Long-Lived Assets and for Long-Lived Assets to be
Disposed Of, and provides a single accounting model for long-lived assets to
be disposed of. The adoption of Statement No. 144 has not had a material
impact on the Companys financial position and results of operations.

In April 2002, the FASB issued Statement of Financial Accounting Standard No.
145, Rescission of FASB Statements No. 4, 44 and 64, Amendment of FASB
Statement No. 13, and Technical Corrections (Statement No. 145), which is
effective for fiscal years beginning after May 15, 2002. This Statement
rescinds FASB Statement No. 4, Reporting Gains and Losses from Extinguishment
of Debt, as well as an amendment of that Statement, FASB Statement No. 64,
Extinguishments of Debt Made to Satisfy Sinking-Fund Requirements, as debt
extinguishments are no longer classified as extraordinary items unless they
meet the requirements in Accounting Principles Board Opinion No. 30 of being
unusual and infrequently occurring. The adoption of Statement No. 145 has not
had a material impact on the Companys financial position and results of
operations.

In June 2002, the FASB issued Statement of Financial Accounting Standard No.
146, Accounting for Costs Associated with Exit or Disposal Activities
(Statement No. 146), which is effective for exit or disposal activities that
are initiated after December 31, 2002. Statement No. 146 nullifies Emerging
Issues Task Force

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No. 94-3, Liability Recognition for Certain Employee
Termination Benefits and Other Costs to Exit an Activity (including Certain
Costs Incurred in a Restructuring) (EITF 94-3). Statement No. 146 requires
that a liability for a cost associated with an exit or disposal activity be
recognized when the liability is incurred and eliminates the definition and
requirements of recognition of exit costs in EITF 94-3. The adoption of
Statement No. 146 will affect the timing of recognition of costs associated
with any future restructuring activities.

In December 2002, the FASB issued Statement of Financial Accounting Standards
Statement No. 148,
Accounting for Stock-Based Compensation  Transition and Disclosure
(Statement No. 148), which is effective for fiscal years and interim periods
beginning after December 31, 2002. Statement No. 148 amends FASB Statement No.
123, Accounting for Stock-Based Compensation, to provide alternative methods of
transition to the fair value method of accounting for stock-based employee
compensation. In addition, Statement No. 148 amends the disclosure provisions
of Statement 123 to require disclosure in the summary of significant accounting
policies of the effects of an entitys accounting policy with respect to
stock-based employee compensation on reported net income and earnings per share
in annual and interim financial statements. The adoption of Statement No. 148
has not had a material impact on the Companys financial position and results
of operations.



|7. |  | STOCK OPTION PLAN PRO FORMA INFORMATION
|-- |  | ---------------------------------------

The Company has elected to follow Accounting Principles Board Opinion No. 25,
Accounting for Stock Issued to Employees (APB 25) and related interpretations
in accounting for its employee stock options because the alternative fair value
accounting provided for under FASB Statement 123, Accounting for Stock Based
Compensation, (Statement No. 123) requires the use of option valuation models
that were not developed for use in valuing employee stock options. Under APB
25, because the exercise price of the Companys employee stock options equal
the market price of the underlying stock on the date of grant, no compensation
expense is recognized.

As discussed in Note 6, the interim information regarding pro forma net income
and earnings per share is required by Statement No. 123 and Statement No. 148.
For purposes of pro forma disclosures, the estimated fair value of the options
is amortized to expense over the options vesting period. The Companys pro
forma information is as follows (in thousands except for net income per share
information):

|                                           |  |             |      |             |  |   |       |  
|------------------------------------------ |  | ----------- | ---- | ----------- |  | - | ----- | -
|                                           |  | Thirteen    |      | Thirteen   
|                                           |  | Weeks ended |      | Weeks ended
|                                           |  | March 29,   |      | March 30,  
|                                           |  | 2003        |      | 2002       
|                                           |  |             |      |            
|Net income                                 |  | $           | 638  |             |  | $ | 3,669 |  
|Pro forma compensation expense, net of tax |  |             | (148 | )           |  |   | (543  | )
|                                           |  |             |      |             |  |   |       |  
|Pro forma net income                       |  | $           | 490  |             |  | $ | 3,126 |  
|                                           |  |             |      |             |  |   |       |  
|Net income per share-basic                 |  | $           | 0.06 |             |  | $ | 0.47  |  
|Net income per share-diluted               |  | $           | 0.06 |             |  | $ | 0.46  |  
|Pro forma net income per share-basic       |  | $           | 0.04 |             |  | $ | 0.40  |  
|Pro forma net income per share-diluted     |  | $           | 0.04 |             |  | $ | 0.39  |  

No actual stock-based compensation cost was recorded by the Company in the
accompanying condensed consolidated financial statements.

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8.     SUPPLEMENTAL COMBINING CONDENSED FINANCIAL STATEMENTS

The Companys Senior Subordinated Notes, due 2008 (the Notes) are jointly and
severally guaranteed fully and unconditionally by the Companys domestic
subsidiaries which are 100% owned by Tropical Sportswear Intl Corporation (the
Parent). The Companys wholly-owned foreign subsidiaries are not guarantors
with respect to the Notes and do not have any credit arrangements senior to the
Notes except for their local overdraft facilities and capital lease
obligations.

The following is the unaudited supplemental combining condensed statement of
operations for the thirteen weeks and twenty-six weeks ended March 29, 2003,
and the thirteen weeks and twenty-six weeks ended March
30, 2002, the supplemental combining condensed balance sheet as of March 29,
2003 and September 28, 2002, and the supplemental combining condensed statement
of cash flows for the twenty-six weeks ended March 29, 2003, and twenty-six
weeks ended March 30, 2002. The only intercompany eliminations are the normal
intercompany sales, borrowings and investments in wholly-owned subsidiaries.
Separate complete financial statements of the guarantor subsidiaries are not
presented because management believes that they are not material to investors.

|                                      |  |                                     |        |              |  |               |        |              |  |              |        |  |  |   |      |   |  |   |         | 
|------------------------------------- |  | ----------------------------------- | ------ | ------------ |  | ------------- | ------ | ------------ |  | ------------ | ------ |  |  | - | ---- | - |  | - | ------- | 
|                                      |  | Thirteen Weeks Ended March 29, 2003
|                                      |  |                                    
|                                      |  | Parent                              |        | Guarantor    |  | Non-Guarantor |        |              |  |              |        |  |  |  
|Statement of Operations               |  | Only                                |        | Subsidiaries |  | Subsidiaries  |        | Eliminations |  | Consolidated
|                                      |  |                                     |        |              |  |               |        |              |  |             
|Net sales                             |  | $                                   | 53,751 |              |  | $             | 47,035 |              |  | $            | 12,258 |  |  | $ | (319 | ) |  | $ | 112,725 | 
|Gross profit                          |  |                                     | 11,107 |              |  |               | 8,135  |              |  |              | 3,861  |  |  |   | (74  | ) |  |   | 23,029  | 
|Operating income                      |  |                                     | 1,185  |              |  |               | 1,027  |              |  |              | 544    |  |  |   |     |   |  |   | 2,756   | 
|Interest, income taxes and other, net |  |                                     | 1,084  |              |  |               | 979    |              |  |              | 55     |  |  |   |     |   |  |   | 2,118   | 
|Net income                            |  |                                     | 101    |              |  |               | 48     |              |  |              | 489    |  |  |   |     |   |  |   | 638     | 

|                                      |  |                                     |        |              |  |              |        |              |  |              |        |  |  |   |      |   |  |   |         | 
|------------------------------------- |  | ----------------------------------- | ------ | ------------ |  | ------------ | ------ | ------------ |  | ------------ | ------ |  |  | - | ---- | - |  | - | ------- | 
|                                      |  | Thirteen Weeks Ended March 30, 2002
|                                      |  |                                    
|                                      |  |                                     |        |              |  |              |        |              |  | Non-         |        |  |  |   |      |   |  |  
|                                      |  | Parent                              |        | Guarantor    |  | Guarantor    |        |              |  |              |        |  |  |  
|Statement of Operations               |  | Only                                |        | Subsidiaries |  | Subsidiaries |        | Eliminations |  | Consolidated
|                                      |  |                                     |        |              |  |              |        |              |  |             
|Net sales                             |  | $                                   | 56,125 |              |  | $            | 52,250 |              |  | $            | 12,431 |  |  | $ | (196 | ) |  | $ | 120,610 | 
|Gross profit                          |  |                                     | 13,516 |              |  |              | 16,074 |              |  |              | 4,327  |  |  |   |     |   |  |   | 33,917  | 
|Operating income                      |  |                                     | 7,295  |              |  |              | 1,648  |              |  |              | 647    |  |  |   |     |   |  |   | 9,590   | 
|Interest, income taxes and other, net |  |                                     | 3,312  |              |  |              | 2,094  |              |  |              | 164    |  |  |   | 351  |   |  |   | 5,921   | 
|Net income (loss)                     |  |                                     | 3,983  |              |  |              | (446   | )            |  |              | 483    |  |  |   | (351 | ) |  |   | 3,669   | 

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|                                      |  |                                       |         |              |  |               |        |              |  |              |        |  |  |   |      |   |  |   |         |  
|------------------------------------- |  | ------------------------------------- | ------- | ------------ |  | ------------- | ------ | ------------ |  | ------------ | ------ |  |  | - | ---- | - |  | - | ------- | -
|                                      |  | Twenty-six Weeks Ended March 29, 2003
|                                      |  |                                      
|                                      |  | Parent                                |         | Guarantor    |  | Non-Guarantor |        |              |  |              |        |  |  |  
|Statement of Operations               |  | Only                                  |         | Subsidiaries |  | Subsidiaries  |        | Eliminations |  | Consolidated
|                                      |  |                                       |         |              |  |               |        |              |  |             
|Net sales                             |  | $                                     | 100,507 |              |  | $             | 86,762 |              |  | $            | 25,094 |  |  | $ | (597 | ) |  | $ | 211,766 |  
|Gross profit                          |  |                                       | 19,757  |              |  |               | 15,999 |              |  |              | 8,215  |  |  |   | (148 | ) |  |   | 43,823  |  
|Operating income (loss)               |  |                                       | (5,924  | )            |  |               | 2,020  |              |  |              | 1,398  |  |  |   |     |   |  |   | (2,506  | )
|Interest, income taxes and other, net |  |                                       | (1,284  | )            |  |               | 2,921  |              |  |              | 237    |  |  |   |     |   |  |   | 1,874   |  
|Net income (loss)                     |  |                                       | (4,640  | )            |  |               | (901   | )            |  |              | 1,161  |  |  |   |     |   |  |   | (4,380  | )

|                                      |  |                                       |         |              |  |              |         |              |  |              |        |  |  |   |      |   |  |   |         | 
|------------------------------------- |  | ------------------------------------- | ------- | ------------ |  | ------------ | ------- | ------------ |  | ------------ | ------ |  |  | - | ---- | - |  | - | ------- | 
|                                      |  | Twenty-six Weeks Ended March 30, 2002
|                                      |  |                                      
|                                      |  |                                       |         |              |  |              |         |              |  | Non-         |        |  |  |   |      |   |  |  
|                                      |  | Parent                                |         | Guarantor    |  | Guarantor    |         |              |  |              |        |  |  |  
|Statement of Operations               |  | Only                                  |         | Subsidiaries |  | Subsidiaries |         | Eliminations |  | Consolidated
|                                      |  |                                       |         |              |  |              |         |              |  |             
|Net sales                             |  | $                                     | 101,723 |              |  | $            | 104,028 |              |  | $            | 25,242 |  |  | $ | (372 | ) |  | $ | 230,621 | 
|Gross profit                          |  |                                       | 25,827  |              |  |              | 31,250  |              |  |              | 8,473  |  |  |   |     |   |  |   | 65,550  | 
|Operating income                      |  |                                       | 12,360  |              |  |              | 3,287   |              |  |              | 1,478  |  |  |   |     |   |  |   | 17,125  | 
|Interest, income taxes and other, net |  |                                       | 5,546   |              |  |              | 3,647   |              |  |              | 389    |  |  |   | 916  |   |  |   | 10,498  | 
|Net income (loss)                     |  |                                       | 6,814   |              |  |              | (360    | )            |  |              | 1,089  |  |  |   | (916 | ) |  |   | 6,627   | 

|                                                        |  |      |         |                      |  |              |         |               |  |              |        |   |  |   |          |   |  |   |         | 
|------------------------------------------------------- |  | ---- | ------- | -------------------- |  | ------------ | ------- | ------------- |  | ------------ | ------ | - |  | - | -------- | - |  | - | ------- | 
|                                                        |  |      |         | As of March 29, 2003
|                                                        |  |      |         |                     
|                                                        |  |      |         | Parent               |  | Guarantor    |         | Non-Guarantor |  |              |        |   |  |   |          |  
|Balance Sheet                                           |  | Only |         | Subsidiaries         |  | Subsidiaries |         | Eliminations  |  | Consolidated
|                                                        |  |      |         |                      |  |              |         |               |  |             
|ASSETS                                                  |  |      |         |                      |  |              |         |               |  |              |        |   |  |   |          |   |  |   |         | 
|Cash and cash equivalents                               |  | $    | 390     |                      |  | $            | 84      |               |  | $            | 5,402  |   |  | $ |         |   |  | $ | 5,876   | 
|Accounts receivable, net                                |  |      | 49,385  |                      |  |              | 41,885  |               |  |              | 8,726  |   |  |   |         |   |  |   | 99,996  | 
|Inventories, net                                        |  |      | 41,599  |                      |  |              | 46,425  |               |  |              | 10,291 |   |  |   |         |   |  |   | 98,315  | 
|Other current assets                                    |  |      | 8,706   |                      |  |              | 12,109  |               |  |              | 5,231  |   |  |   |         |   |  |   | 26,046  | 
|                                                        |  |      |         |                      |  |              |         |               |  |              |        |   |  |   |          |   |  |   |         | 
|Total current assets                                    |  |      | 100,080 |                      |  |              | 100,503 |               |  |              | 29,650 |   |  |   |         |   |  |   | 230,233 | 
|Property and equipment, net                             |  |      | 45,840  |                      |  |              | 8,333   |               |  |              | 2,625  |   |  |   |         |   |  |   | 56,798  | 
|Investment in subsidiaries and other assets             |  |      | 162,240 |                      |  |              | 39,645  |               |  |              | (5,089 | ) |  |   | (137,437 | ) |  |   | 59,359  | 
|                                                        |  |      |         |                      |  |              |         |               |  |              |        |   |  |   |          |   |  |   |         | 
|Total assets                                            |  | $    | 308,160 |                      |  | $            | 148,481 |               |  | $            | 27,186 |   |  | $ | (137,437 | ) |  | $ | 346,390 | 
|                                                        |  |      |         |                      |  |              |         |               |  |              |        |   |  |   |          |   |  |   |         | 
|LIABILITIES AND SHAREHOLDERS EQUITY                    |  |      |         |                      |  |              |         |               |  |              |        |   |  |   |          |   |  |   |         | 
|Accounts payable and accrued liabilities                |  | $    | 38,449  |                      |  | $            | 7,687   |               |  | $            | 8,377  |   |  | $ | (221     | ) |  | $ | 54,292  | 
|Current portion of long-term debt and capital
leases    |  |      | 21,299  |                      |  |              | 984     |               |  |              | 38     |   |  |   |         |   |  |   | 22,321  | 
|                                                        |  |      |         |                      |  |              |         |               |  |              |        |   |  |   |          |   |  |   |         | 
|Total current liabilities                               |  |      | 59,748  |                      |  |              | 8,671   |               |  |              | 8,415  |   |  |   | (221     | ) |  |   | 76,613  | 
|Long-term debt and noncurrent portion of capital
leases |  |      | 107,514 |                      |  |              | 677     |               |  |              | 93     |   |  |   |         |   |  |   | 108,284 | 
|Other noncurrent liabilities                            |  |      | 1,127   |                      |  |              | 7,954   |               |  |              | 33     |   |  |   |         |   |  |   | 9,114   | 
|Shareholders equity                                    |  |      | 139,771 |                      |  |              | 131,179 |               |  |              | 18,645 |   |  |   | (137,216 | ) |  |   | 152,379 | 
|                                                        |  |      |         |                      |  |              |         |               |  |              |        |   |  |   |          |   |  |   |         | 
|Total liabilities and shareholders equity              |  | $    | 308,160 |                      |  | $            | 148,481 |               |  | $            | 27,186 |   |  | $ | (137,437 | ) |  | $ | 346,390 | 
|                                                        |  |      |         |                      |  |              |         |               |  |              |        |   |  |   |          |   |  |   |         | 

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|                                                        |                                            |      |                          |              |           |              |               |              |  |              |        |        |  |   |          |          |   |   |         |         | 
|------------------------------------------------------- | ------------------------------------------ | ---- | ------------------------ | ------------ | --------- | ------------ | ------------- | ------------ |  | ------------ | ------ | ------ |  | - | -------- | -------- | - | - | ------- | ------- | 
|                                                        |                                            |      | As of September 28, 2002
|                                                        |                                            |      |                         
|                                                        |                                            |      | Parent                   |              | Guarantor |              | Non-Guarantor |              |  |              |        |        |  |   |         
|Balance Sheet                                           |                                            | Only |                          | Subsidiaries |           | Subsidiaries |               | Eliminations |  | Consolidated
|                                                        |                                            |      |                          |              |           |              |               |              |  |             
|ASSETS                                                  |                                            |      |                          |              |           |              |               |              |  |              |        |        |  |   |          |          |   |   |         |        
|Cash and cash equivalents                               |                                            | $    | 24,274                   |              |           | $            | 167           |              |  |              | 3,843  |        |  | $ |         |          |   | $ | 28,284  |        
|Marketable securities                                   |                                            |      | 11,100                   |              |           |              |              |              |  |              |       |        |  |   |         |          |   |   | 11,100  |        
|Accounts receivable, net                                |                                            |      | 44,317                   |              |           |              | 36,045        |              |  |              | 10,647 |        |  |   |         |          |   |   | 91,009  |        
|Inventories, net                                        |                                            |      | 34,867                   |              |           |              | 31,050        |              |  |              | 8,880  |        |  |   |         |          |   |   | 74,797  |        
|Other current assets                                    |                                            |      | 10,494                   |              |           |              | 9,234         |              |  |              | 3,146  |        |  |   |         |          |   |   | 22,874  |        
|                                                        |                                            |      |                          |              |           |              |               |              |  |              |        |        |  |   |          |          |   |   |         |        
|                                                        | Total current assets                       |      |                          | 125,052      |           |              |               | 76,496       |  |              |        | 26,516 |  |   |          |         |   |   |         | 228,064 | 
|Property and equipment, net                             |                                            |      | 37,152                   |              |           |              | 8,759         |              |  |              | 2,562  |        |  |   |         |          |   |   | 48,473  |        
|Investment in subsidiaries and other assets             |                                            |      | 135,189                  |              |           |              | 68,557        |              |  |              | (6,638 | )      |  |   | (137,437 | )        |   |   | 59,671  |        
|                                                        |                                            |      |                          |              |           |              |               |              |  |              |        |        |  |   |          |          |   |   |         |        
|                                                        | Total assets                               |      | $                        | 297,393      |           |              | $             | 153,812      |  |              | $      | 22,440 |  |   | $        | (137,437 | ) |   | $       | 336,208 | 
|                                                        |                                            |      |                          |              |           |              |               |              |  |              |        |        |  |   |          |          |   |   |         |        
|LIABILITIES AND SHAREHOLDERS EQUITY                    |                                            |      |                          |              |           |              |               |              |  |              |        |        |  |   |          |          |   |   |         |        
|Accounts payable and accrued liabilities                |                                            | $    | 43,265                   |              |           | $            | 12,394        |              |  | $            | 5,161  |        |  | $ | (221     | )        |   | $ | 60,599  |        
|Current portion of long-term debt and capital
leases    |                                            |      | 274                      |              |           |              | 948           |              |  |              | 29     |        |  |   |         |          |   |   | 1,251   |        
|                                                        |                                            |      |                          |              |           |              |               |              |  |              |        |        |  |   |          |          |   |   |         |        
|                                                        | Total current liabilities                  |      |                          | 43,539       |           |              |               | 13,342       |  |              |        | 5,190  |  |   |          | (221     | ) |   |         | 61,850  | 
|Long-term debt and noncurrent portion of capital
leases |                                            |      | 107,643                  |              |           |              | 1,178         |              |  |              | 101    |        |  |   |         |          |   |   | 108,922 |        
|Other noncurrent liabilities                            |                                            |      | 1,170                    |              |           |              | 7,864         |              |  |              | 30     |        |  |   |         |          |   |   | 9,064   |        
|Shareholders equity                                    |                                            |      | 145,041                  |              |           |              | 131,428       |              |  |              | 17,119 |        |  |   | (137,216 | )        |   |   | 156,372 |        
|                                                        |                                            |      |                          |              |           |              |               |              |  |              |        |        |  |   |          |          |   |   |         |        
|                                                        | Total liabilities and shareholders equity |      | $                        | 297,393      |           |              | $             | 153,812      |  |              | $      | 22,440 |  |   | $        | (137,437 | ) |   | $       | 336,208 | 
|                                                        |                                            |      |                          |              |           |              |               |              |  |              |        |        |  |   |          |          |   |   |         |        

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|                                                    |  |                                       |         |              |  |              |       |              |  |              |       |   |  |   |   |  |  |   |         |  
|--------------------------------------------------- |  | ------------------------------------- | ------- | ------------ |  | ------------ | ----- | ------------ |  | ------------ | ----- | - |  | - | - |  |  | - | ------- | -
|                                                    |  | Twenty-six Weeks Ended March 29, 2003
|                                                    |  |                                      
|                                                    |  |                                       |         |              |  |              |       |              |  | Non-         |       |   |  |   |   |  |  |  
|                                                    |  | Parent                                |         | Guarantor    |  | Guarantor    |       |              |  |              |       |   |  |  
|Statement of Cash Flows                             |  | Only                                  |         | Subsidiaries |  | Subsidiaries |       | Eliminations |  | Consolidated
|                                                    |  |                                       |         |              |  |              |       |              |  |             
|Net cash provided by (used in) operating activities |  | $                                     | (45,251 | )            |  | $            | 1,006 |              |  | $            | 1,524 |   |  | $ |  |  |  | $ | (42,721 | )
|Net cash provided by (used in) investing activities |  |                                       | 486     |              |  |              | (624  | )            |  |              | (149  | ) |  |   |  |  |  |   | (287    | )
|Net cash provided by (used in) financing activities |  |                                       | 20,881  |              |  |              | (465  | )            |  |              | (15   | ) |  |   |  |  |  |   | 20,401  |  
|Other                                               |  |                                       |        |              |  |              |      |              |  |              | 199   |   |  |   |  |  |  |   | 199     |  
|Net increase (decrease) in cash                     |  |                                       | (23,884 | )            |  |              | (83   | )            |  |              | 1,559 |   |  |   |  |  |  |   | (22,408 | )
|Cash and cash equivalents, beginning of period      |  |                                       | 24,274  |              |  |              | 167   |              |  |              | 3,843 |   |  |   |  |  |  |   | 28,284  |  
|Cash and cash equivalents, end of period            |  |                                       | 390     |              |  |              | 84    |              |  |              | 5,402 |   |  |   |  |  |  |   | 5,876   |  

|                                                    |  |                                       |        |              |  |              |        |              |  |              |       |   |  |   |   |  |  |   |        |  
|--------------------------------------------------- |  | ------------------------------------- | ------ | ------------ |  | ------------ | ------ | ------------ |  | ------------ | ----- | - |  | - | - |  |  | - | ------ | -
|                                                    |  | Twenty-six Weeks Ended March 30, 2002
|                                                    |  |                                      
|                                                    |  |                                       |        |              |  |              |        |              |  | Non-         |       |   |  |   |   |  |  |  
|                                                    |  | Parent                                |        | Guarantor    |  | Guarantor    |        |              |  |              |       |   |  |  
|Statement of Cash Flows                             |  | Only                                  |        | Subsidiaries |  | Subsidiaries |        | Eliminations |  | Consolidated
|                                                    |  |                                       |        |              |  |              |        |              |  |             
|Net cash provided by operating activities           |  | $                                     | 3,112  |              |  | $            | 1,217  |              |  | $            | 1,351 |   |  | $ |  |  |  | $ | 5,680  |  
|Net cash used in investing activities               |  |                                       | (1,787 | )            |  |              | (1,147 | )            |  |              | (150  | ) |  |   |  |  |  |   | (3,084 | )
|Net cash provided by (used in) financing activities |  |                                       | (1,263 | )            |  |              | 107    |              |  |              | (500  | ) |  |   |  |  |  |   | (1,656 | )
|Other                                               |  |                                       |       |              |  |              |       |              |  |              | (223  | ) |  |   |  |  |  |   | (223   | )
|Net increase (decrease) in cash                     |  |                                       | 62     |              |  |              | (46    | )            |  |              | 701   |   |  |   |  |  |  |   | 717    |  
|Cash, beginning of period                           |  |                                       | 190    |              |  |              | 249    |              |  |              | 1,275 |   |  |   |  |  |  |   | 1,714  |  
|Cash, end of period                                 |  |                                       | 252    |              |  |              | 203    |              |  |              | 1,976 |   |  |   |  |  |  |   | 2,431  |  







Item 2. Managements Discussion and Analysis of Financial Condition and
Results of Operations.

The following discussion and analysis of the Companys results of operations is
based upon our unaudited consolidated financial statements, which have been
prepared in accordance with accounting principles generally accepted in the
United States. The preparation of financial statements in conformity with
generally accepted accounting principles requires that we make estimates and
assumptions that affect the reported amounts of assets, liabilities, revenues
and expenses, and related disclosure of contingent assets and liabilities.
These estimates and assumptions are based on historical and other facts
believed to be reasonable under the circumstances, the results of which form
the basis for making judgments about the carrying values of assets and
liabilities that are not readily apparent from other sources. Actual results
may differ materially from these estimates under different assumptions or
conditions. We have chosen accounting policies that we believe are appropriate
to accurately and fairly report our operating results and financial position,
and we apply those accounting policies in a consistent manner. We have
identified the policies below as critical to our business operations and the
understanding of our results of operations.

Critical Accounting Policies

Inventories Inventories are stated at the lower of cost or market. Cost is
determined using the first-in, first-out method. We evaluate our inventory by
style, color and size to determine excess or slow moving product based on
projected sales. We record provisions for markdowns and losses on excess and
slow-moving inventory to the extent the cost of inventory exceeds estimated net
realizable value. If actual market conditions or competitive pressures change,
the level of inventory reserves would change.

Reserve for Allowances and Doubtful Accounts Accounts receivable consists of
amounts due from our customers from our normal business activities. We
maintain a reserve for allowances and doubtful accounts, which is based on
historical collection and deduction write-off experience, and an estimate of

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potential sales returns. Estimates for sales returns include provision for
order shortages, purchase order
variances and other customer discrepancies. For fiscal 2002, we did not
provide a reserve for credit losses as substantially all of our receivables
were assigned under factoring agreements, without recourse, except for credit
losses on the first 0.10% of amounts factored. During fiscal 2003, we have
discontinued factoring of our receivables, but have maintained credit insurance
for those accounts which we deem necessary. We will continue to assess the
adequacy of our reserves based on qualitative and quantitative measures.

Long-Lived Assets We estimate the depreciable lives of our property, plant
and equipment and review them for impairment when events or circumstances
indicate that their carrying amounts may be impaired. Most of our property,
plant and equipment is used in our cutting and distribution processes. We
periodically evaluate the carrying value of assets which are held for sale to
determine if, based on market conditions, the values of these assets should be
adjusted. Although we believe we have appropriately recorded our assets held
for sale at their estimated realizable value, net of estimated disposal costs,
the actual sale of these assets could result in gains or losses which could
differ from our estimated amounts. To assess the recoverability of goodwill
and other intangible assets, we make assumptions regarding estimated future
cash flows and other factors to determine whether the carrying values are
recoverable from operations. If these assumptions or estimates change, we may
be required to record impairment charges to reduce the value of these assets.

Valuation Allowances for Deferred Tax Assets- Valuation allowances are
recorded to reduce deferred tax assets if, based on the weight of the evidence,
it is more likely than not that some or all of the deferred tax assets will not
be realized. The evidence considered in making that determination includes,
offsetting deferred tax liabilities, future taxable income, as well as prudent
tax planning strategies. We have recorded deferred income tax assets related
to state net operating loss carryforwards, foreign net operating loss
carryforwards, foreign tax credit carryforwards and certain other accruals. We
have recorded valuation allowances to reduce the deferred tax assets relating
to these operating loss carryforwards and accruals based on an evaluation of
the benefits expected to be realized. If we determine that we would be able to
realize more of our net deferred tax assets than we currently expect, we would
reduce the valuation allowance, which would have the effect of increasing
income in the period that we make the determination. Conversely, if we
determine that we will not be able to realize all or part of our net deferred
tax assets in the future, we will increase the valuation allowance, which would
have the effect of reducing income in the period that we make the
determination.

Contingencies The Company accrues for contingent obligations, including
estimated legal costs, when the obligations are probable and the amount is
reasonably estimable. As facts concerning contingencies become known, we
reassess our position and make appropriate adjustments to the financial
statements. Estimates that are particularly sensitive to future changes
include tax, legal and other regulatory matters such as imports and exports,
which are subject to change as events evolve and as additional information
becomes available during the administrative and litigation process.

Results of Operations

On April 18, 2002 we announced a plan to consolidate the administrative,
cutting and related functions of the Savane division in El Paso, Texas into the
Tampa, Florida facility. We have completed all aspects of this consolidation
in the second fiscal quarter ending March 29, 2003. As part of the
consolidation, we vacated our El Paso, Texas administration building and
cutting facility. We experienced delays and difficulties in consolidating our
El Paso, Texas cutting functions into our Tampa, Florida facilities that have
resulted in delays in delivering products to our customers and lost sales in
our first quarter and second quarters of fiscal 2003. In addition, during the
first six months of fiscal 2003, we recorded sales allowances of approximately
$5.6 million related to delivery issues associated with the consolidation
project.

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On January 20, 2003, we announced an agreement with Swiss Army Brands, Inc.
(SABI), whereby SABI will assume the operations of our Victorinox® apparel
division by no later than May 15, 2003. We are working closely together with
SABI to effect a seamless transition. On January 20, 2003, we also announced
our intention to exit our Duck Head® retail outlet business as leases expire.
We currently
operate fourteen outlet stores and expect that by the end of calendar 2003, no
more than eight will be in operation. We believe that exiting these two
businesses will free up valuable resources that can be devoted to our core
business.

The following table sets forth, for the periods indicated, selected items in
the Companys consolidated statements of income expressed as a percentage of
net sales:

|                                             |  |             |       |             |  |             |       |             |  |  |       |    |  |  |       |  
|-------------------------------------------- |  | ----------- | ----- | ----------- |  | ----------- | ----- | ----------- |  |  | ----- | -- |  |  | ----- | -
|                                             |  | Thirteen    |       | Thirteen    |  | Twenty-six  |       | Twenty-six 
|                                             |  | Weeks ended |       | Weeks ended |  | Weeks ended |       | Weeks ended
|                                             |  | March 29,   |       | March 30,   |  | March 29,   |       | March 30,  
|                                             |  | 2003        |       | 2002        |  | 2003        |       | 2002       
|                                             |  |             |       |             |  |             |       |            
|Net sales                                    |  |             | 100.0 | %           |  |             | 100.0 | %           |  |  | 100.0 | %  |  |  | 100.0 | %
|Cost of goods sold                           |  |             | 79.6  |             |  |             | 71.9  |             |  |  | 79.3  |    |  |  | 71.6  |  
|                                             |  |             |       |             |  |             |       |             |  |  |       |    |  |  |       |  
|Gross profit                                 |  |             | 20.4  |             |  |             | 28.1  |             |  |  | 20.7  |    |  |  | 28.4  |  
|Selling, general and administrative
expenses |  |             | 18.0  |             |  |             | 20.2  |             |  |  | 20.1  |    |  |  | 21.0  |  
|Other charges                                |  |             |      |             |  |             |      |             |  |  | 1.8   |    |  |  |      |  
|                                             |  |             |       |             |  |             |       |             |  |  |       |    |  |  |       |  
|Operating income (loss)                      |  |             | 2.4   |             |  |             | 7.9   |             |  |  | (1.2  | )  |  |  | 7.4   |  
|Interest expense, net                        |  |             | 2.5   |             |  |             | 3.0   |             |  |  | 2.7   |    |  |  | 3.1   |  
|Other, net                                   |  |             | (0.9  | )           |  |             |      |             |  |  | (0.5  | )  |  |  | (0.3  | )
|                                             |  |             |       |             |  |             |       |             |  |  |       |    |  |  |       |  
|Income (loss) before income taxes            |  |             | 0.8   |             |  |             | 4.9   |             |  |  | (3.4  | )  |  |  | 4.6   |  
|Provision (benefit) for income taxes         |  |             | 0.3   |             |  |             | 1.9   |             |  |  | (1.3  | )  |  |  | 1.7   |  
|                                             |  |             |       |             |  |             |       |             |  |  |       |    |  |  |       |  
|Net income (loss)                            |  |             | 0.5   | %           |  |             | 3.0   | %           |  |  | (2.1  | )% |  |  | 2.9   | %
|                                             |  |             |       |             |  |             |       |             |  |  |       |    |  |  |       |  

Thirteen weeks ended March 29, 2003 compared to the thirteen weeks ended March
30, 2002

Net Sales.Net sales decreased to $112.7 million for the second quarter
of fiscal 2003 from $120.6 million in the comparable prior year quarter. The
decrease was primarily due to a decrease in the average price per unit. Net
sales were also impacted by production and delivery issues associated with
Project Synergy which resulted in higher sales allowances.

Gross Profit.Gross profit decreased to $23.0 million, or 20.4% of net
sales, for the second quarter of fiscal 2003, from $33.9 million, or 28.1% of
net sales, for the comparable prior year quarter. The reduction in the gross
margin was primarily due to lower average selling prices and higher levels of
closeout sales, coupled with an additional $1.2 million of allowances that we
incurred due to late delivery issues. Additionally the Companys higher margin
branded sales were a smaller component of overall sales.

Selling, General and Administrative Expenses.Selling, general and
administrative expenses decreased to $20.3 million, or 18.0% of net sales, for
the second quarter of fiscal 2003, from $24.3 million, or 20.2% of net sales,
for the comparable prior year quarter. The decrease in operating expenses was
primarily due to successful cost cutting measures, including reduced
compensation, advertising and other discretionary spending reductions.

Interest Expense.Interest expense decreased to $2.8 million for the
second quarter of fiscal 2003, from $3.6 million for the comparable prior year
quarter. The decrease was primarily due to lower average outstanding
borrowings.

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Other, net.During the second quarter of fiscal 2003, the Company
recorded other income of $1.0 million as compared with other expense of $0.1
for the second quarter of fiscal 2002. The increase is primarily due to gains
on the sale of excess equipment and increased royalty income.

Income Taxes.The Companys effective income tax rate for the second
quarter of fiscal 2003 was 32.9% compared to 37.9% in the comparable prior year
quarter. Due to the relatively low pretax income this
quarter the effective rate appears unusually low. The effective rate for the
year is expected to be approximately 38.5%

Net Income.As a result of the above factors, net income decreased to
$0.6 million for the second quarter of fiscal 2003 from $3.7 million in the
comparable prior year quarter.

Twenty-six weeks ended March 29, 2003 compared to the twenty- six weeks ended
March 30, 2002

Net Sales.Net sales decreased to $211.8 million for the twenty-six weeks
ended March 29, 2003 from $230.6 million in the comparable prior year period.
This decrease was primarily due to the Companys Domestic Wholesale level
experiencing production issues related to Project Synergy, resulting in delays
in delivering product to its customers, prior to March 2003. The Company
incurred approximately $5.6 million of customer allowances.

Gross Profit.Gross profit decreased to $43.8 million, or 20.7% of net
sales, for the twenty-six weeks ended March 29, 2003, from $65.6 million, or
28.4% of net sales, for the comparable prior year period. The reduction in the
gross margin percentage was primarily due to lower average selling prices and
customer allowances due to delivery issues coupled with higher levels of
closeout sales. Additionally the Companys higher margin branded sales were a
smaller component of overall sales.

Selling, General and Administrative Expenses.Selling, general and
administrative expenses decreased to $42.6 million, or 20.1% of net sales, for
the twenty-six weeks ended March 29, 2003, from $48.4 million, or 21.0% of net
sales, for the comparable prior year period. The decrease in operating expenses
was primarily due to successful cost cutting measures, including reduced
compensation, advertising and other discretionary spending reductions.

Other Charges.Other charges of $3.8 million was comprised of a $5.3
million charge related to a separation agreement with the Companys former
chief executive officer, offset in part by a $1.5 million reduction of
estimated costs for Project Synergy as the consolidation project has been
completed and better cost estimates are available.

Interest Expense.Interest expense decreased to $5.7 million for the
twenty-six weeks ended March 29, 2003, from $7.2 million for the comparable
prior year period. The decrease was primarily due to lower average outstanding
borrowings.

Other, net.Other, net increased to $1.1 million in the twenty-six weeks
ended March 29, 2003, compared to income of $0.7 million in the comparable
prior year period. The increase is primarily due to gains on the sale of
excess equipment.

Income Taxes.The Companys effective income tax rate for the twenty-six
weeks ended March 29, 2003 was 38.3% compared to 37.6% in the comparable prior
year period.

Net Income.As a result of the above factors, the Company incurred a net
loss of $4.4 million for the twenty-six weeks ended March 2003 compared with
net income of $6.6 for the twenty-six weeks ended March 30, 2002.

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Liquidity and Capital Resources

Our revolving credit line (the Facility) provides for borrowings of up to
$110.0 million, subject to certain borrowing base limitations. Borrowings
under the Facility bear variable rates of interest and are secured by
substantially all of the Companys domestic assets. As of March 29, 2003, the
Company had $89.0 million of available borrowings under the Facility. The
Facility matures in June 2003 and we intend to and are in the process of
renewing the Facility. We expect to renew the facility before its expiration
under similar terms but for maximum borrowings of $95.0 million.

In June 2002, the Company completed a public offering of 3.0 million shares of
common stock. The Company received net proceeds of approximately $63.2
million, of which approximately $32.0 million was used to repay all outstanding
borrowings under the Facility, to pay down a portion of the Companys real
estate loan, and to repay certain capital lease obligations. The remaining
$31.2 million was used for the payment of the cash portion of the Project
Synergy charges, the construction of a new administration facility in Tampa,
Florida and for working capital and general corporate purposes.

Capital expenditures totaled $11.6 million for the twenty-six weeks ended March
29, 2003 and are expected to approximate $16.0 to $17.0 million for the entire
fiscal year. The expenditures expected for the remainder of the fiscal year
primarily relate to the construction of an administration building in Tampa,
Florida, which is expected to be completed during the quarter ended June 2003,
and the upgrade or replacement of various other equipment and computer systems
including hardware and software.

During the twenty-six weeks ended March 29, 2003, we used $42.7 million of cash
in our operations. This was primarily the result of a net loss of $4.4 million
(which included non-cash expenses of $2.5 million), an increase in inventories
of $23.4 million, an increase in accounts receivable of $9.0 million, an
increase in prepaid expenses and other current assets of $2.3 million, and a
decrease in accounts payable and accrued expenses of $6.1 million.

We believe that our existing working capital, and borrowings available under
our Facility provide sufficient resources to support current business
activities.

Seasonality

Our business has been generally seasonal, with higher sales and income in the
second and third fiscal quarters. Also, some of our products, such as shorts
and corduroy pants, tend to be seasonal in nature. If these types of seasonal
products represent a greater percentage of our sales in the future, the
seasonality of our sales may be increased. This could alter the differences in
sales and income levels in the second and third fiscal quarters from the first
and fourth fiscal quarters.

Factors Affecting the Companys Business and Prospects

This report contains forward-looking statements subject to the safe harbor
created by the Private Securities Litigation Reform Act of 1995. Management
cautions that these statements represent projections and estimates of future
performance and involve certain risks and uncertainties. Our actual results
could differ materially from those anticipated in these forward-looking
statements as a result of certain factors including, without limitation:
difficulties in achieving continued operating efficiencies; disruptions in the
business associated with the consolidation of the cutting and administrative
functions of the Savane division from El Paso, Texas to Tampa, Florida; loss or
reduction of customer programs or customers generally; loss of programs or
customers as a result of product delivery problems in the fiscal second

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quarter; failure to achieve the planned cost savings associated with the
consolidation and reorganization; failure of our customers to accept our
post-consolidation integrated production and selling of products; disruptions
in the business associated with changes in management; negative effects from
the termination of the Victorinox® license agreement and the transition of this
business to Swiss Army Brands, Inc.; negative effects resulting from our
decision to exit out of our Duck Head® retail outlet business; restrictions and
limitations placed on us by our debt instruments; general economic conditions,
including but not necessarily limited to, recession or other cyclical effects
impacting our customers in the United States or abroad, changes in interest
rates or currency exchange rates; potential changes in demand in the retail
market; reduction in the
level of the consumer spending; customer or consumer rejection or non
acceptance of major product initiatives such as our Savane® Motion Moves With
You pant; the availability and price of raw materials and global manufacturing
costs and restrictions; increases in costs; the continued acceptance of our
existing and new products by our major customers; the financial strength of our
major customers; our inability to continue to use certain licensed trademarks
and tradenames, including Bill Blass® and Van Heusen®; business disruptions and
costs arising from acts of terrorism or other military activities around the
globe; and other risk factors listed from time to time in our SEC reports,
filings and announcements, including our Annual Report on Form 10-K. In
addition, the estimated financial results for any period do not necessarily
indicate the results that may be expected for any future period, and we
undertake no obligation to update them.







Item 3. Quantitative and Qualitative Disclosures about Market Risk

Our market risk is primarily limited to fluctuations in interest rates as it
pertains to our borrowings under the Facility and the Real Estate Loan. There
have been no material changes to the Item 7A disclosure made in our Annual
Report on Form 10-K for the fiscal year ended September 28, 2002.







Item 4. Controls and Procedures



| | (a) |  | Evaluation of Disclosure Controls and Procedures                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
| |     |  | Our Chief Executive Officer and Chief Financial Officer have
evaluated the effectiveness of our disclosure controls and
procedures (as such term is defined in Rules 13a-14(c) and 15d-14(c)
under the Securities Exchange Act of 1934, as amended) as of a date
within 90 days prior to the filing date of this quarterly report
(the Evaluation Date). Based on such evaluation, our Chief
Executive Officer and Chief Financial Officer have concluded that as
of the Evaluation Date, our disclosure controls and procedures
provide reasonable assurance that they are alerted on a timely basis
to material information relating to Tropical Sportswear Intl
Corporation (including its consolidated subsidiaries) required to be
included in our reports filed or submitted under the Securities
Exchange Act of 1934, as amended.
|
| | (b) |  | Changes in Internal Controls                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|
| |     |  | Since the Evaluation Date, there have not been any changes in our
internal controls or other factors that could significantly affect
such controls.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         







PART II OTHER INFORMATION







Item 1. Legal Proceedings

Not Applicable







Item 2. Changes in Securities

Not Applicable

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Item 3. Defaults upon Senior Securities

Not Applicable







Item 4. Submission of Matters to a Vote of Security Holders

At the Annual Meeting of Shareholders of the Company held on Tuesday, January
28, 2003, the following matters were brought before and voted upon by the
shareholders:



| | 1. |  | A proposal to elect three Directors in Class I to serve until the
2006 Annual Meeting of the Shareholders of the Company:
| | -- |  | -------------------------------------------------------------------------------------------------------------------------

|                         |                          |  |     |           |                    |  |  |         | 
|------------------------ | ------------------------ |  | --- | --------- | ------------------ |  |  | ------- | 
|                         |                          |  | For |           | Withhold Authority
|                         |                          |  |     |           |                   
|                         | Michael Kagan            |  |     | 8,432,876 |                    |  |  | 956,367 | 
|                         | (term to expire in 2004) |  |     |           |                    |  |  |         | 
|                         | Martin W. Pitts          |  |     | 8,975,487 |                    |  |  | 413,756 | 
|                         | (term to expire in 2003) |  |     |           |                    |  |  |         | 
|                         | Eloy S. Vallina-Garza    |  |     | 8,396,826 |                    |  |  | 992,417 | 
|(term to expire in 2003) |                          |  |     |           |                    |  |  |        



| |  |  | The following members of the Board of Directors of the Company will
continue in office after the Annual Meeting:
| |  |  | ----------------------------------------------------------------------------------------------------------------

|                      |  |                         
|--------------------- |  | ------------------------
|Michael Kagan         |  | (term to expire in 2006)
|Martin W. Pitts       |  | (term to expire in 2006)
|Eloy S. Vallina-Garza |  | (term to expire in 2006)



| | 2. |  | A proposal to amend the Companys 2000 Long Term Incentive Plan to
increase the maximum number of shares of Common Stock available for
awards thereunder from 500,000 to 2,100,000.
| | -- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|          |  |           |  |         |  |          
|--------- |  | --------- |  | ------- |  | ---------
|For       |  | Against   |  | Abstain |  | Non-Votes
|5,794,711 |  | 2,496,354 |  | 913     |  | 1,097,265



| | 3. |  | A proposal to amend the Companys Non-Employee Director Stock
Option Plan to increase the maximum number of shares of Common Stock
available for awards thereunder from 200,000 to 400,000.
| | -- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|          |  |           |  |         |  |          
|--------- |  | --------- |  | ------- |  | ---------
|For       |  | Against   |  | Abstain |  | Non-Votes
|6,519,934 |  | 1,771,115 |  | 929     |  | 1,097,265



| | 4. |  | A proposal to ratify the selection of Ernst & Young LLP as the
Companys independent certified public accountants for the fiscal year
ending September 27, 2003.
| | -- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------

|          |  |         |  |         |  |          
|--------- |  | ------- |  | ------- |  | ---------
|For       |  | Against |  | Abstain |  | Non-Votes
|9,164,207 |  | 223,916 |  | 1,120   |  |         

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Item 5. Other Information

Not Applicable







Item 6. Exhibits and Reports on Form 8-K



| | (a) |  | The Exhibits to this report on Form 10-Q are listed on the
Exhibit Index, which immediately follows the signature page hereto.                             
| | --- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------
|
| | (b) |  | Reports on Form 8-K                                                                                                                                        
|
| |     |  | On April 22, 2003, Tropical Sportswear Intl Corporation issued a
press release to announce the results of its second fiscal quarter
ending March 29, 2003.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

| |                                                                                                                                                                                            
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | TROPICAL SPORTSWEAR INTL CORPORATION
(Registrant)                                                                                                                                         
|
| | /s/ N. Larry McPhersonN. Larry McPhersonExecutive Vice President,
Chief Financial Officer,
and Treasurer
(in the dual capacity of duly authorized
officer and principal accounting officer)

May 5, 2003

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Index to Exhibits

|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                        
|------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|ExhibitNumber |  | Description                                                                                                                                                                                                                                                                                                                                                                                                            
|             
|*3.1          |  | Amended and Restated Articles of Incorporation of Tropical Sportswear
Intl Corporation (filed as Exhibit 3.1 to Tropical Sportswear Intl
Corporations Form 10-Q filed May 14, 2002).                                                                                                                                                                                                                                
|*3.2          |  | Amended and Restated By-Laws of Tropical Sportswear Intl Corporation
(filed as Exhibit 3.2 to Tropical Sportswear Intl Corporations Form
10-Q filed August 12, 2002).                                                                                                                                                                                                                                               
|*4.1          |  | Specimen Certificate for the Common Stock of Tropical Sportswear Intl
Corporation (filed as Exhibit 4.1 to Amendment No. 1 to Tropical
Sportswear Intl Corporations Registration Statement on Form S-1 filed
October 2, 1997).                                                                                                                                                                                      
|*4.2          |  | Shareholders Agreement dated as of September 29, 1997 among Tropical
Sportswear Intl Corporation, William W. Compton, the Compton Family
Limited Partnership, Michael Kagan, the Kagan Family Limited Partnership,
Shakale Internacional, S.A. and Accel, S.A. de C.V. (filed as Exhibit 4.2
to Amendment No. 1 to Tropical Sportswear Intl Corporations
Registration Statement on Form S-1 filed October 2, 1997).
|*4.3          |  | Indenture dated as of June 24, 1998 among Tropical Sportswear Intl
Corporation, the Subsidiary Guarantors named therein, and SunTrust Bank,
Atlanta, as trustee (filed as Exhibit 4.4 to Tropical Sportswear Intl
Corporations Registration Statement on Form S-4 filed August 20, 1998).                                                                                                                           
|*4.4          |  | Shareholder Protection Rights Agreement, dated as of November 13, 1998,
between Tropical Sportswear Intl Corporation and Firstar Bank Milwaukee,
N.A. (which includes as Exhibit B thereto the Form of Right Certificate)
(filed as Exhibit 99.1 of Tropical Sportswear Intl Corporations current
report on Form 8-K dated November 13, 1998).                                                                      
|*4.5          |  | Supplemental Indenture No. 1 dated as of August 23, 2000 among Tropical
Sportswear Intl Corporation, each of the New Subsidiary Guarantors named
therein, and SunTrust Bank, Atlanta, as trustee (filed as Exhibit 4.5 to
Tropical Sportswear Intl Corporations Annual Report on Form 10-K filed
December 19, 2000).                                                                                                
|99.1          |  | Certification of Chief Executive Officer pursuant to Securities
Exchange Act Rules 13a-14 and 15d-14 as adopted pursuant to section 302
of the Sarbanes-Oxley act of 2002.                                                                                                                                                                                                                                             
|99.2          |  | Certification of Chief Financial Officer pursuant to Securities
Exchange Act Rules 13a-14 and 15d-14 as adopted pursuant to section 302
of the Sarbanes-Oxley act of 2002.                                                                                                                                                                                                                                             
|99.3          |  | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section
1350, as adopted pursuant to section 906 of the Sarbanes-Oxley act of
2002.                                                                                                                                                                                                                                                                     
|99.4          |  | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section
1350, as adopted pursuant to section 906 of the Sarbanes-Oxley act of
2002.                                                                                                                                                                                                                                                                     



|* |  | Incorporated by reference.
|- |  | --------------------------