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Segment Reporting (Tables) | 3 Months Ended
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Mar. 29, 2025
Segment Reporting [Abstract] |
Revenues and Income from Operations for Reportable Segments |
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.
Segment, Reconciliation of Other Items from Segments to Consolidated | 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) |

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- Definition Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets. + 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 (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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