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REVENUE
6 Months Ended
Jul. 02, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Disaggregation of Revenue. Due to changes in the Company’s product types as discussed in Note 1 to the Condensed Consolidated Financial Statements, product results for the Prior Year Quarter and Prior Year YTD Period have been recast to present results on a comparable basis. The Company's revenue disaggregated by major product category and timing of revenue recognition was as follows (in thousands):
For the 13 Weeks Ended July 2, 2022
AmericasEuropeAsiaCorporate Total
Product type
Watches:
     Traditional watches$118,736 $70,436 $69,524 $— $258,696 
     Smartwatches15,377 10,261 7,783 — 33,421 
Total watches$134,113 $80,697 $77,307 $— $292,117 
Leathers22,593 5,320 8,034 — 35,947 
Jewelry9,260 18,639 6,031 — 33,930 
Other2,306 3,235 1,210 2,423 9,174 
Consolidated$168,272 $107,891 $92,582 $2,423 $371,168 
Timing of revenue recognition
Revenue recognized at a point in time $167,899 $107,690 $92,441 $1,058 $369,088 
Revenue recognized over time 373 201 141 1,365 2,080 
Consolidated$168,272 $107,891 $92,582 $2,423 $371,168 
For the 13 Weeks Ended July 3, 2021
AmericasEuropeAsiaCorporate Total
Product type
Watches:
      Traditional watches$122,701 $81,809 $85,053 $1,053 $290,616 
      Smartwatches23,878 13,259 5,932 13 43,082 
Total watches$146,579 $95,068 $90,985 $1,066 $333,698 
Leathers20,833 6,396 6,118 — 33,347 
Jewelry7,258 20,154 5,165 — 32,577 
Other2,045 2,779 1,224 5,269 11,317 
Consolidated$176,715 $124,397 $103,492 $6,335 $410,939 
Timing of revenue recognition
Revenue recognized at a point in time $176,289 $124,046 $103,328 $4,580 $408,243 
Revenue recognized over time 426 351 164 1,755 2,696 
Consolidated$176,715 $124,397 $103,492 $6,335 $410,939 

For the 26 Weeks Ended July 2, 2022
AmericasEuropeAsiaCorporate Total
Product type
Watches:
      Traditional watches$234,638 $151,584 $133,887 $13 $520,122 
      Smartwatches32,649 22,947 15,808 71,406 
Total watches$267,287 $174,531 $149,695 $15 $591,528 
Leathers41,829 12,689 15,614 — 70,132 
Jewelry17,195 39,775 11,656 — 68,626 
Other3,888 5,447 2,385 5,015 16,735 
Consolidated$330,199 $232,442 $179,350 $5,030 $747,021 
Timing of revenue recognition
Revenue recognized at a point in time $329,493 $231,991 $179,049 $2,222 $742,755 
Revenue recognized over time 706 451 301 2,808 4,266 
Consolidated$330,199 $232,442 $179,350 $5,030 $747,021 
For the 26 Weeks Ended July 3, 2021
AmericasEuropeAsiaCorporate Total
Product type
Watches:
      Traditional watches$218,037 $152,815 $161,142 $1,053 $533,047 
      Smartwatches53,102 26,933 15,949 16 96,000 
Total watches$271,139 $179,748 $177,091 $1,069 $629,047 
Leathers40,462 12,702 14,287 — 67,451 
Jewelry14,221 36,420 8,073 — 58,714 
Other3,398 4,762 2,681 7,928 18,769 
Consolidated$329,220 $233,632 $202,132 $8,997 $773,981 
Timing of revenue recognition
Revenue recognized at a point in time $328,334 $232,935 $201,868 $5,486 $768,623 
Revenue recognized over time 886 697 264 3,511 5,358 
Consolidated$329,220 $233,632 $202,132 $8,997 $773,981 
Contract Balances. As of July 2, 2022, the Company had no material contract assets on the Company's condensed consolidated balance sheets and no deferred contract costs. The Company had contract liabilities of (i) $6.0 million and $4.9 million as of July 2, 2022 and January 1, 2022, respectively, related to remaining performance obligations on licensing income, (ii) $3.3 million and $3.0 million as of July 2, 2022 and January 1, 2022, respectively, primarily related to remaining performance obligations on wearable technology products and (iii) $2.9 million and $3.6 million as of July 2, 2022 and January 1, 2022, respectively, related to gift cards issued.