XML 31 R18.htm IDEA: XBRL DOCUMENT v3.25.4
Segments
 12 Months Ended
Dec. 31, 2025
Segments [Abstract]  
Segments Note 11: Segments

The Company’s Chief Executive Officer is the Chief Operating Decision Maker (“CODM”). The CODM utilizes the Company’s annual budget planning process, which includes Company-wide initiatives, as a key input to resource allocation. The CODM makes decisions on resource allocation and evaluates financial performance on a total Company basis; therefore, the Company has one

reportable segment. The Company earns most of their revenue in the United States. Long-lived assets, which consist of property and equipment, net and operating lease right of use assets, are all located in the United States.

The Company has concluded that consolidated net (loss) income is the measure of segment profitability. The following table presents the Company’s segment revenue and gross profit, significant segment expenses, segment (loss) income from operations and net (loss) income provided to the CODM:

(in thousands)

2025

2024

2023

Net sales

$

336,820

$

347,071

$

377,146

Cost of sales

121,800

119,197

134,085

Gross profit

215,020

227,874

243,061

Stock based compensation

1,282

1,338

1,392

Depreciation and amortization

15,973

17,759

21,229

Adjusted selling, general and administrative expenses*

203,579

205,260

204,282

(Loss) Income from operations

(5,814)

3,517

16,158

Interest expense, net

(41)

(275)

(2,164)

(Loss) Income before income taxes

(5,855)

3,242

13,994

Benefit (Provision) for income taxes

1,361

(921)

(3,923)

Net (loss) income

$

(4,494)

$

2,321

$

10,071

*Exclusive of stock based compensation and depreciation and amortization shown separately.