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Major Customer, Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 28, 2024
Segment Reporting [Abstract] |
Schedule of information by operating segment | Summary information by operating segment was as follows (in thousands):
| Fiscal Year 2024
| Americas | Europe | Asia | Corporate | Total
Net sales | $ | 515,152 |  | $ | 357,607 |  | $ | 270,075 |  | $ | 2,156 |  | $ | 1,144,990 |
Cost of sales | 252,735 | 146,212 | 119,338 | 29,554 | 547,839
Gross profit | $ | 262,417 |  | $ | 211,395 |  | $ | 150,737 |  | $ | (27,398) |  | $ | 597,151 |
Compensation and benefits | 67,930 |  | 72,888 |  | 35,319 |  | 121,042 |  | 297,179 |
Marketing | 52,737 |  | 29,748 |  | 26,104 |  | 14,466 |  | 123,055 |
Depreciation and amortization | 3,791 |  | 3,377 |  | 2,347 |  | 6,221 |  | 15,736 |
Other segment items (1) | 60,917 |  | 40,642 |  | 46,998 |  | 116,571 |  | 265,128 |
Operating income | $ | 77,042 |  | $ | 64,740 |  | $ | 39,969 |  | $ | (285,698) |  | $ | (103,947) |
| Fiscal Year 2023
| Americas | Europe | Asia | Corporate | Total
Net sales | $ | 640,779 |  | $ | 437,358 |  | $ | 328,198 |  | $ | 6,049 |  | $ | 1,412,384 |
Cost of sales | 342,124 | 206,887 | 151,871 | 31,921 | 732,803
Gross profit | $ | 298,655 |  | $ | 230,471 |  | $ | 176,327 |  | $ | (25,872) |  | $ | 679,581 |
Compensation and benefits | 81,682 |  | 89,558 |  | 45,995 |  | 145,052 |  | 362,287 |
Marketing | 66,024 |  | 43,836 |  | 30,784 |  | 16,665 |  | 157,309 |
Depreciation and amortization | 3,734 |  | 4,907 |  | 2,508 |  | 13,279 |  | 24,428 |
Other segment items (1) | 64,469 |  | 51,208 |  | 58,878 |  | 104,026 |  | 278,581 |
Operating income | $ | 82,746 |  | $ | 40,962 |  | $ | 38,162 |  | $ | (304,894) |  | $ | (143,024) |
| Fiscal Year 2022
| Americas | Europe | Asia | Corporate | Total
Net sales | $ | 744,027 |  | $ | 541,343 |  | $ | 377,600 |  | $ | 19,469 |  | $ | 1,682,439 |
Cost of sales | 414,982 | 252,048 | 165,911 | 18,819 | 851,760
Gross profit | $ | 329,045 |  | $ | 289,295 |  | $ | 211,689 |  | $ | 650 |  | $ | 830,679 |
Compensation and benefits | 80,273 |  | 92,235 |  | 47,035 |  | 140,277 |  | 359,820 |
Marketing | 57,146 |  | 46,498 |  | 37,024 |  | 13,883 |  | 154,551 |
Depreciation and amortization | 4,834 |  | 5,856 |  | 3,071 |  | 8,870 |  | 22,631 |
Other segment items (1) | 70,391 |  | 53,619 |  | 72,469 |  | 98,671 |  | 295,150 |
Operating income | $ | 116,401 |  | $ | 91,087 |  | $ | 52,090 |  | $ | (261,051) |  | $ | (1,473) |
_______________________________________________________________________________ (1) Other segment items for each reportable segment include long-lived asset impairments, restructuring charges, facility costs, overhead expenses and other operating costs.
Schedule of revenue for each class of similar products | The following table shows revenue for each class of similar products for fiscal years 2024, 2023 and 2022 (in thousands):
| Fiscal Year 2024 |  | Fiscal Year 2023 |  | Fiscal Year 2022
| Net Sales |  | Percentage of Total |  | Net Sales |  | Percentage of Total |  | Net Sales |  | Percentage of Total
Watches: |  |  |  |  |  |  |  |  |  |  |
Traditional watches | $ | 872,645 |  |  | 76.2 | % |  | $ | 1,015,077 |  |  | 71.9 | % |  | $ | 1,158,889 |  |  | 68.9 | %
Smartwatches | 24,880 |  |  | 2.2 |  |  | 80,949 |  |  | 5.7 |  |  | 151,602 |  |  | 9.0 |
Total watches | $ | 897,525 |  |  | 78.4 | % |  | $ | 1,096,026 |  |  | 77.6 | % |  | $ | 1,310,491 |  |  | 77.9 | %
Leathers | 111,124 |  |  | 9.7 |  |  | 158,427 |  |  | 11.2 |  |  | 178,542 |  |  | 10.6 |
Jewelry | 114,450 |  |  | 10.0 |  |  | 131,410 |  |  | 9.3 |  |  | 154,105 |  |  | 9.2 |
Other | 21,891 |  |  | 1.9 |  |  | 26,521 |  |  | 1.9 |  |  | 39,301 |  |  | 2.3 |
Total | $ | 1,144,990 |  |  | 100.0 | % |  | $ | 1,412,384 |  |  | 100.0 | % |  | $ | 1,682,439 |  |  | 100.0 | %
Schedule of net sales and long-lived assets by geographic area | Net sales and long-term assets related to the Company's operations in the U.S., Europe, Asia and all other international markets were as follows (in thousands):
| Fiscal Year 2024
| Net Sales (1) |  | Long-term Assets
United States | $ | 399,989 |  |  | $ | 80,516 |
Europe | 358,278 |  | (2) | 68,587 |
Asia | 270,504 |  | (3) | 44,410 |
All other international | 116,219 |  |  | 15,539 |
Consolidated | $ | 1,144,990 |  |  | $ | 209,052 |
| Fiscal Year 2023
| Net Sales (1) |  | Long-term Assets
United States | $ | 514,666 |  |  | $ | 107,085 |
Europe | 438,148 |  | (2) | 85,575 |
Asia | 330,869 |  | (3) | 64,211 |
All other international | 128,701 |  |  | 10,469 |
Consolidated | $ | 1,412,384 |  |  | $ | 267,340 |
| Fiscal Year 2022
| Net Sales (1) |  | Long-term Assets
United States | $ | 619,981 |  |  | $ | 133,100 |
Europe | 543,585 |  | (2) | 96,365 |
Asia | 381,845 |  | (3) | 53,050 |
All other international | 137,028 |  |  | 10,313 |
Consolidated | $ | 1,682,439 |  |  | $ | 292,828 |
_______________________________________________________________________________ (1) Net sales are based on the location of the selling entity (including exports). (2) Net sales from Germany (including exports) accounted for more than 10% of the Company's consolidated net sales and were approximately $137.9 million, $173.3 million and $194.1 million in fiscal years 2024, 2023 and 2022, respectively. (3) Net sales from China (including Hong Kong SAR, Macau SAR and Taiwan and exports) accounted for more than 7% of the Company's consolidated net sales and were approximately $83.6 million, $140.4 million and $174.2 million in fiscal years 2024, 2023 and 2022, respectively.

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