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BUSINESS SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 29, 2025
Segment Reporting [Abstract] |
Financial Information for Reportable Segments | The following table presents financial information for the Company's reportable segments and income before income taxes:
|  | Three Months Ended March |  |  |
(In thousands) |  | 2025 |  |  | 2024 |  |  |  |  |  |
Wrangler |  |  |  |  |  |  |  |  |  |  |
Net revenues (1) |  | $ | 420,246 |  |  |  | $ | 409,494 |  |  |  |  |  |  |
Cost of goods sold |  | 226,184 |  |  |  | 233,280 |  |  |  |  |  |  |
Selling, general and administrative expenses |  | 105,829 |  |  |  | 99,402 |  |  |  |  |  |  |
Other segment items (2) |  | 1,385 |  |  |  | 2,146 |  |  |  |  |  |  |
Segment profit |  | $ | 86,848 |  |  |  | $ | 74,666 |  |  |  |  |  |  |
Lee |  |  |  |  |  |  |  |  |  |  |
Net revenues (1) |  | $ | 199,900 |  |  |  | $ | 219,443 |  |  |  |  |  |  |
Cost of goods sold |  | 98,008 |  |  |  | 111,225 |  |  |  |  |  |  |
Selling, general and administrative expenses |  | 68,737 |  |  |  | 72,078 |  |  |  |  |  |  |
Other segment items (2) |  | 708 |  |  |  | 1,046 |  |  |  |  |  |  |
Segment profit |  | $ | 32,447 |  |  |  | $ | 35,094 |  |  |  |  |  |  |
Total reportable segment profit |  | $ | 119,295 |  |  |  | $ | 109,760 |  |  |  |  |  |  |
Corporate and other expenses |  | (56,779) |  |  |  | (28,060) |  |  |  |  |  |  |
Interest expense |  | (9,808) |  |  |  | (9,292) |  |  |  |  |  |  |
Interest income |  | 3,440 |  |  |  | 2,425 |  |  |  |  |  |  |
Loss related to other revenues (3) |  | (217) |  |  |  | (153) |  |  |  |  |  |  |
Income before income taxes |  | $ | 55,931 |  |  |  | $ | 74,680 |  |  |  |  |  |  |
(1) Refer to N ot e 3 to the Company's financial statements in this Form 10-Q for the reconciliation of reportable segment revenues to consolidated net revenues. (2) "Other segment items" primarily includes funding fees related to the sale of trade accounts receivable program discussed in Note 5 to the Company's financial statements in this Form 10-Q. Funding fees are reflected in the Company's statements of operations within "other expense, net". (3) "Loss related to other revenues" includes sales and licensing of Chic®, Rock & Republic®, other company-owned brands and private label apparel, and the associated costs, for purposes of reconciling "total reportable segment profit" to consolidated "income before income taxes."

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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