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SEGMENT INFORMATION
 9 Months Ended
Sep. 28, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company reports segment information based on the “management approach.” The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company’s reportable segments.
The Company manages its business primarily on a geographic basis. The Company’s reportable operating segments are comprised of (i) Americas, (ii) Europe and (iii) Asia. Each reportable operating segment includes sales to wholesale and distributor customers, and sales through Company-owned retail stores and e-commerce activities based on the location of the selling entity. The Americas segment primarily includes sales to customers based in Canada, Latin America and the United States. The Europe segment primarily includes sales to customers based in European countries, the Middle East and Africa. The
Asia segment primarily includes sales to customers based in Australia, greater China (including mainland China, Hong Kong, Macau and Taiwan), India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and Thailand. Each reportable operating segment provides similar products and services.
The Company evaluates the performance of its reportable segments based on net sales and operating income (loss). Net sales for geographic segments are based on the location of the selling entity. Operating income (loss) for each segment includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. Corporate includes peripheral revenue generating activities from factories and intellectual property and general corporate expenses, including certain administrative, legal, accounting, technology support costs, equity compensation costs, payroll costs attributable to executive management, brand management, product development, art, creative/product design, marketing, strategy, compliance and back office supply chain expenses that are not allocated to the various segments because they are managed at the corporate level internally. The Company does not include intercompany transfers between segments for management reporting purposes.
Summary information by operating segment was as follows (in thousands):
For the 13 Weeks Ended September 28, 2024For the 13 Weeks Ended September 30, 2023
 Net SalesOperating Income (Loss)Net SalesOperating Income (Loss)
Americas$121,333 $21,926 $152,609 $25,818 
Europe97,053 23,359 107,666 13,290 
Asia68,978 16,376 83,053 15,951 
Corporate455 (86,121)793 (101,454)
Consolidated$287,819 $(24,460)$344,121 $(46,395)
For the 39 Weeks Ended September 28, 2024For the 39 Weeks Ended September 30, 2023
 Net SalesOperating Income (Loss)Net SalesOperating Income (Loss)
Americas$350,935 $45,284 $437,191 $61,817 
Europe250,625 40,711 301,618 19,572 
Asia199,713 28,202 247,312 30,555 
Corporate1,420 (201,866)5,002 (230,960)
Consolidated$802,693 $(87,669)$991,123 $(119,016)
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 September 28, 2024For the 13 Weeks Ended September 30, 2023
 Net SalesPercentage of TotalNet SalesPercentage of Total
Watches:
    Traditional watches $223,248 77.6 %$252,683 73.4 %
    Smartwatches3,968 1.4 17,313 5.0 
Total watches$227,216 79.0 %$269,996 78.4 %
Leathers23,946 8.3 33,009 9.6 
Jewelry31,459 10.9 34,617 10.1 
Other5,198 1.8 6,499 1.9 
Total$287,819 100.0 %$344,121 100.0 %

For the 39 Weeks Ended September 28, 2024For the 39 Weeks Ended September 30, 2023
 Net SalesPercentage of TotalNet SalesPercentage of Total
Watches:
    Traditional watches$603,897 75.2 %$714,212 72.1 %
    Smartwatches21,237 2.6 59,492 6.0 
Total watches625,134 77.8 %$773,704 78.1 %
Leathers78,695 9.8 106,594 10.8 
Jewelry81,922 10.2 91,020 9.2 
Other16,942 2.2 19,805 1.9 
Total$802,693 100.0 %$991,123 100.0 %