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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 30, 2024
Segment Reporting [Abstract] |
Summary information by operating segment | Summary information by operating segment was as follows (in thousands):
| For the 13 Weeks Ended March 30, 2024 |  | For the 13 Weeks Ended April 1, 2023
| Net Sales |  | Operating Income (Loss) |  | Net Sales |  | Operating Income (Loss)
Americas | $ | 110,017 |  |  | $ | 8,755 |  |  | $ | 137,931 |  |  | $ | 12,555 |
Europe | 78,720 |  |  | 7,393 |  |  | 105,673 |  |  | 6,969 |
Asia | 65,538 |  |  | 5,802 |  |  | 80,136 |  |  | 7,200 |
Corporate | 609 |  |  | (51,156) |  |  | 1,296 |  |  | (64,032) |
Consolidated | $ | 254,884 |  |  | $ | (29,206) |  |  | $ | 325,036 |  |  | $ | (37,308) |
Schedule of net sales for each class of similar products | The following table reflects net sales for each class of similar products in the periods presented (in thousands, except percentage data):
| For the 13 Weeks Ended March 30, 2024 |  | For the 13 Weeks Ended April 1, 2023
| Net Sales |  | Percentage of Total |  | Net Sales |  | Percentage of Total
Watches: |  |  |  |  |  |  |
Traditional watches | $ | 186,561 |  |  | 73.2 | % |  | $ | 225,426 |  |  | 69.4 | %
Smartwatches | 8,877 |  |  | 3.5 |  |  | 24,400 |  |  | 7.5 |
Total watches | $ | 195,438 |  |  | 76.7 | % |  | $ | 249,826 |  |  | 76.9 | %
Leathers | 27,584 |  |  | 10.8 |  |  | 40,265 |  |  | 12.4 |
Jewelry | 26,263 |  |  | 10.3 |  |  | 29,045 |  |  | 8.9 |
Other | 5,599 |  |  | 2.2 |  |  | 5,900 |  |  | 1.8 |
Total | $ | 254,884 |  |  | 100.0 | % |  | $ | 325,036 |  |  | 100.0 | %

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + Details
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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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