XML 214 R32.htm IDEA: XBRL DOCUMENT v3.24.2
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 29, 2024
Segment Reporting [Abstract]  
Schedule of segment information
The table below presents certain information for the Company’s reportable segments and unallocated corporate expenses for the periods indicated:
Fiscal quarter endedTwo fiscal quarters ended
(dollars in thousands)June 29, 2024% of
consolidated
net sales		July 1, 2023% of
consolidated
net sales		June 29,
2024		% of
consolidated
net sales		July 1,
2023		% of
consolidated
net sales
Net sales:
U.S. Retail$290,249 51.4 %$323,466 53.9 %$597,890 48.8 %$647,187 49.9 %
U.S. Wholesale192,911 34.2 %186,867 31.1 %457,042 37.3 %466,856 36.0 %
International    81,274 14.4 %89,866 15.0 %170,994 13.9 %182,036 14.1 %
Consolidated net sales$564,434 100.0 %$600,199 100.0 %$1,225,926 100.0 %$1,296,079 100.0 %
Operating income:
% of
segment
net sales
% of
segment
net sales
% of
segment
net sales		% of
segment
net sales
U.S. Retail$18,078 6.2 %$28,211 8.7 %$32,372 5.4 %$55,150 8.5 %
U.S. Wholesale36,207 18.8 %29,209 15.6 %99,535 21.8 %81,301 17.4 %
International5,557 6.8 %6,690 7.4 %7,744 4.5 %9,814 5.4 %
Corporate expenses(*)
(20,390)n/a(26,549)n/a(45,163)n/a(52,350)n/a
Consolidated operating income$39,452 7.0 %$37,561 6.3 %$94,488 7.7 %$93,915 7.2 %
(*)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 July 1, 2023Two fiscal quarters ended July 1, 2023
Charges:U.S. RetailU.S. WholesaleInternationalU.S. RetailU.S. WholesaleInternational
Organizational restructuring(*)
$0.2 $0.1 $— $(0.6)$(0.4)$— 
(*)Relates to charges (gains) for organizational restructuring and related corporate office lease amendment actions. Additionally, the second fiscal quarter and first two fiscal quarters ended July1, 2023 includes a corporate charge of $0.1 million and $2.5 million, respectively, related to organizational restructuring and related corporate office lease amendment actions.