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Segment Reporting (Tables)

3 Months Ended

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)

X

- 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
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-Paragraph 30
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- 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
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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