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SEGMENT INFORMATION (Tables)

3 Months Ended

Apr. 01, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The table below presents certain information for our reportable segments and unallocated corporate expenses for the periods indicated:

			Fiscal quarter ended
(dollars in thousands)			April 1, 2023						% of consolidated net sales						April 2, 2022						% of consolidated net sales
Net sales:
U.S. Retail			$	323,721					46.5		%				$	366,358					46.9		%
U.S. Wholesale			279,990						40.3		%				307,301						39.3		%
International			92,169						13.2		%				107,625						13.8		%
Consolidated net sales			$	695,880					100.0		%				$	781,284					100.0		%
Operating income:									% of segment net sales												% of segment net sales
U.S. Retail			$	26,939					8.3		%				$	49,994					13.6		%
U.S. Wholesale			52,092						18.6		%				60,506						19.7		%
International			3,124						3.4		%				10,388						9.7		%
Corporate expenses(*)			(25,801)						n/a						(18,265)						n/a
Consolidated operating income			$	56,354					8.1		%				$	102,623					13.1		%

(*)Corporate expenses include expenses related to incentive compensation, stock-based compensation, executive management, severance and relocation, finance, office occupancy, information technology, certain legal fees, consulting fees, and audit fees.

(dollars in millions)			Fiscal quarter ended April 1, 2023
Charges:			U.S. Retail						U.S. Wholesale						International
Organizational restructuring(*)			$	(0.8)					$	(0.5)					$	(0.1)

(*)Relates to gains for organizational restructuring and related corporate office lease amendment actions. Additionally, the first fiscal quarter ended April 1, 2023 includes a corporate charge of $2.4 million related to organizational restructuring and related corporate office lease amendment actions.

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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- References

No definition available.

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