XML 33 R19.htm IDEA: XBRL DOCUMENT
v3.25.1

Segment Reporting | 3 Months Ended
--- | ---
Mar. 29, 2025
Segment Reporting [Abstract] |
Segment Reporting | The Company’s segment reporting structure uses the Company’s management reporting structure as the foundation for how the Company manages its business. The Company periodically evaluates its segment reporting structure in accordance with ASC 350-20-55 and has concluded that it has three reportable segments as of March 29, 2025. The segments are as follows: •Hardware and Protective Solutions •Robotics and Digital Solutions •Canada For a reconciliation of our segment sales by product category and geographic area, please see Note 2 - Summary of Significant Accounting Policies. The tables below present net sales, significant segment expenses, and segment adjusted EBITDA for the reportable segments for the thirteen weeks ended March 29, 2025 and thirteen weeks ended March 30, 2024. See Note 2 - Summary of Significant Accounting Policies for a reconciliation of total reportable segments' revenues to consolidated revenues. Certain amounts in the prior year Condensed Consolidated Financial Statements and in the Notes to the Condensed Consolidated Financial Statements were reclassified to conform to the current year’s presentation. This had no impact on the prior period's statement of financial position, net income (loss), cash flows, or stockholders' equity.
Hardware and Protective Solutions |  | Thirteen weeks ended March 29, 2025 |  | Thirteen weeks ended March 30, 2024
Net Sales |  | $ | 274,407 |  |  | $ | 259,874 |
Significant segment expenses |  |  |  |
Cost of sales (exclusive of depreciation and amortization) |  | 157,673 |  |  | 147,255 |
Adjusted selling expense(1) |  | 28,366 |  |  | 28,376 |
Adjusted Warehouse expense (2) |  | 34,352 |  |  | 35,483 |
Adjusted General and administrative expense(3) |  | 16,798 |  |  | 16,764 |
Other segment items |  | (162) |  |  | (270) |
Segment Adjusted EBITDA |  | $ | 37,380 |  |  | $ | 32,266 |
1.Adjusted selling expense excludes expense related to corporate restructuring activities. 2.Adjusted warehouse expense excludes restructuring expense associated with our distribution center relocations and corporate restructuring activities. 3.Adjusted general and administrative expense excludes stock-based compensation, acquisition and integration costs, and expense associated with corporate restructuring.
Robotics and Digital Solutions |  | Thirteen weeks ended March 29, 2025 |  | Thirteen weeks ended March 30, 2024
Net sales |  | $ | 56,512 |  |  | $ | 55,472 |
Significant segment expenses |  |  |  |
Cost of sales (exclusive of depreciation and amortization) |  | 16,447 |  |  | 15,735 |
Adjusted selling expense(1) |  | 17,063 |  |  | 14,584 |
Adjusted Warehouse expense (2) |  | 2,930 |  |  | 2,833 |
Adjusted General and administrative expense(3) |  | 4,595 |  |  | 5,250 |
Other segment items(4) |  | 61 |  |  | 57 |
Segment Adjusted EBITDA |  | $ | 15,416 |  |  | $ | 17,013 |
1.Adjusted selling expense excludes expense related to corporate restructuring activities. 2.Adjusted warehouse expense excludes restructuring expense associated with our distribution center relocations and corporate restructuring activities. 3.Adjusted general and administrative expense excludes stock compensation expense, acquisition and integration expense, consulting expense and legal charges related to settlements, see Note 6 - Commitments and Contingencies. 4.Other excludes the gain or loss on the revaluation of our contingent consideration liability, see Note 15 - Fair Value Measurements.
Canada |  | Thirteen weeks ended March 29, 2025 |  | Thirteen weeks ended March 30, 2024
Net sales |  | $ | 28,424 |  |  | $ | 34,959 |
Significant segment expenses |  |  |  |
Cost of sales (exclusive of depreciation and amortization) |  | 16,620 |  |  | 20,444 |
Adjusted selling expense(1) |  | 3,198 |  |  | 3,537 |
Adjusted Warehouse expense (2) |  | 4,966 |  |  | 5,826 |
Adjusted General and administrative expense(3) |  | 1,759 |  |  | 1,820 |
Other segment items |  | 151 |  |  | 289 |
Segment Adjusted EBITDA |  | $ | 1,730 |  |  | $ | 3,043 |
1.Adjusted selling expense excludes restructuring expense. 2.Adjusted warehouse expense excludes restructuring expense associated with our distribution center relocations and corporate restructuring activities. 3.Adjusted general and administrative expense excludes stock based compensation and expense associated with corporate restructuring activities. The following table reconciles segment adjusted EBITDA by segment to the Company’s consolidated income (loss) before income taxes.
|  | Thirteen weeks ended March 29, 2025 |  | Thirteen weeks ended March 30, 2024
Hardware and Protective Solutions |  | $ | 37,380 |  |  | $ | 32,266 |
Robotics and Digital Solutions |  | 15,416 |  |  | 17,013 |
Canada |  | 1,730 |  |  | 3,043 |
Total adjusted EBITDA |  | 54,526 |  |  | 52,322 |
Interest expense, net |  | 14,460 |  |  | 15,271 |
Depreciation |  | 19,395 |  |  | 16,338 |
Amortization |  | 15,415 |  |  | 15,254 |
Stock compensation expense |  | 3,278 |  |  | 2,829 |
Restructuring and other costs |  | 1,691 |  |  | 991 |
Transaction and integration expense |  | 58 |  |  | 274 |
Change in fair value of contingent consideration |  | (326) |  |  | 332 |
Refinancing costs |  | 906 |  |  | 3,008 |
Total adjusting items |  | 54,877 |  |  | 54,297 |
Loss before income taxes |  | $ | (351) |  |  | $ | (1,975) |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration