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Segment Reporting | 3 Months Ended
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Jun. 28, 2025
Segment Reporting |
Segment Reporting | 3. Segment Reporting The Company is an omni-channel lifestyle retail chain devoted to western and work-related footwear, apparel, and accessories in the United States, and derives revenue from customers purchasing product from the Company’s stores and e-commerce websites. The Company’s CODM is its Chief Executive Officer. The CODM regularly reviews operations and financial performance at a consolidated level. The Company operates as one operating and one reportable segment. The CODM uses net income, as reported on the Condensed Consolidated Statement of Operations, to manage business activities on a consolidated basis and to evaluate and assess the performance of the Company when determining how to allocate capital resources. Segment performance is monitored and resource allocation is determined during the annual budget process. The CODM does not review segment assets at a different asset level or category than what is presented on the Condensed Consolidated Balance Sheet. The following table presents information about our segment revenue, segment profit or loss, and significant expenses (in thousands):
​ | ​ | ​ | ​ | ​ | ​
​ | Thirteen Weeks Ended
​ | June 28, | ​ | June 29,
(In thousands) | 2025 |  | 2024
Net Sales | $ | 504,067 | ​ | $ | 423,386
Less: | ​ | ​ | ​ | ​ | ​
Merchandise cost of goods sold1 | ​ | 241,667 | ​ | ​ | 210,544
Buying, occupancy, and distribution center expenses2 | ​ | 65,179 | ​ | ​ | 56,093
Gross profit | ​ | 197,221 | ​ | ​ | 156,749
Selling expenses3 | ​ | 92,142 | ​ | ​ | 74,750
Other general and administrative expenses4 | ​ | 34,359 | ​ | ​ | 31,777
Income from operations | ​ | 70,720 | ​ | ​ | 50,222
Other segment expenses5 | ​ | 17,312 | ​ | ​ | 11,313
Net income | $ | 53,408 | ​ | $ | 38,909
1 Merchandise cost of goods sold includes the cost of merchandise, inbound and outbound freight, obsolescence and shrinkage provisions, supplier allowances, and inventory acquisition-related costs. 2 Buying, occupancy, and distribution center expenses include store and distribution center occupancy costs (including rent, depreciation, and utilities), occupancy-related taxes, and compensation costs for merchandise purchasing, exclusive brand design and development, and distribution center personnel. Consolidated depreciation expense was $17.5 million and $14.3 million for the thirteen weeks ended June 28, 2025 and June 29, 2024, respectively. 3 Selling expenses include all store-level salaries and hourly labor costs, store overhead, and other operating costs, including advertising, pay-per-click, marketing campaigns, operating supplies, repairs and maintenance, credit card fees, and costs of third-party services. 4 Includes corporate compensation and benefits, travel expenses, corporate occupancy costs, stock-based compensation costs, legal and professional fees, insurance, and other related corporate costs. 5 Includes interest expense, other income/(loss), and income tax expense. Disaggregated Revenue The Company disaggregates net sales into the following major merchandise categories:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | Thirteen Weeks Ended
% of Net Sales |  | ​ | June 28, 2025 | June 29, 2024
Footwear |  | ​ | 48 | % | 49 | %
Apparel | ​ | ​ | 35 | % | 34 | %
Hats, accessories and other | ​ | ​ | 17 | % | 17 | %
Total | ​ | ​ | 100 | % | 100 | %
​ The Company further disaggregates net sales between stores and e-commerce:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | Thirteen Weeks Ended
% of Net Sales |  | ​ | June 28, 2025 | June 29, 2024
Stores |  | ​ | 91 | % | 91 | %
E-commerce | ​ | ​ | 9 | % | 9 | %
Total | ​ | ​ | 100 | % | 100 | %
​ Geographic Information Approximately 0.4% and 0.5% of the Company’s consolidated net sales for the thirteen weeks ended June 28, 2025 and June 29, 2024, respectively, were generated from customers outside of the United States. Substantially all of the Company’s long-lived assets are held in the United States.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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