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SEGMENT INFORMATION
 3 Months Ended
Apr. 05, 2025
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, specifically its chief operating decision maker ("CODM") for making decisions and assessing performance as the source of the Company's reportable segments. The Company's CODM is its Chief Executive Officer.
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.
The CODM uses net sales and operating income for each segment predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances on a quarterly basis for both profit measures when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses segment gross profit for evaluating pricing strategy and segment operating income to assess the performance of each segment by comparing the results of each segment with one another. The CODM does not review disaggregated assets by segment, therefore it is not presented below.
Summary information by operating segment was as follows (in thousands):
For the 14 Weeks Ended April 5, 2025
AmericasEuropeAsiaCorporateTotal
Net sales$97,729 $77,333 $57,345 $886 $233,293 
Cost of sales41,019 29,202 19,909 171 90,301 
   Gross profit$56,710 $48,131 $37,436 $715 $142,992 
Marketing4,046 3,750 4,042 1,408 13,246 
Compensation and benefits15,552 17,875 8,724 31,541 73,692 
Depreciation and amortization729 817 615 1,207 3,368 
Other segment items (1)
12,153 8,935 8,797 29,548 59,433 
   Operating income$24,230 $16,754 $15,258 $(62,989)$(6,747)
For the 13 Weeks Ended March 30, 2024
AmericasEuropeAsiaCorporateTotal
Net sales$110,017 $78,720 $65,538 $609 $254,884 
Cost of sales57,901 32,203 31,260 28 121,392 
   Gross profit$52,116 $46,517 $34,278 $581 $133,492 
Marketing9,001 4,319 7,045 857 21,222 
Compensation and benefits17,230 21,920 9,552 29,625 78,327 
Depreciation and amortization1,226 1,055 525 1,609 4,415 
Other segment items (1)
15,904 11,830 11,354 19,646 58,734 
   Operating income$8,755 $7,393 $5,802 $(51,156)$(29,206)
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(1) Other segment items for each reportable segment include long-lived asset impairments, restructuring charges, facility costs, overhead expenses and other operating costs.
The following table reflects net sales for each class of similar products in the periods presented (in thousands, except percentage data):
For the 14 Weeks Ended April 5, 2025For the 13 Weeks Ended March 30, 2024
 Net SalesPercentage of TotalNet SalesPercentage of Total
Watches:
    Traditional watches $184,631 79.1 %$186,561 73.2 %
    Smartwatches4,046 1.7 8,877 3.5 
Total watches$188,677 80.8 %$195,438 76.7 %
Leathers17,180 7.4 27,584 10.8 
Jewelry22,260 9.5 26,263 10.3 
Other5,176 2.3 5,599 2.2 
Total$233,293 100.0 %$254,884 100.0 %