XML 45 R33.htm IDEA: XBRL DOCUMENT v3.25.2

SEGMENT INFORMATION (Tables)

6 Months Ended

Jul. 05, 2025

Segment Reporting [Abstract]

Schedule of Information by Operating Segment

Summary information by operating segment was as follows (in thousands):

			For the 13 Weeks Ended July 5, 2025
			Americas			Europe			Asia			Corporate			Total
Net sales			$	95,751		$	67,169		$	57,415		$	53		$	220,388
Cost of sales			44,955			25,887			22,831			(14)			93,659
Gross profit			$	50,796		$	41,282		$	34,584		$	67		$	126,729
Marketing			4,143			3,170			3,210			507			11,030
Compensation and benefits			14,507			18,833			8,394			26,603			68,337
Depreciation and amortization			689			671			386			1,148			2,894
Other segment items (1)			12,525			(4,817)			7,893			20,379			35,980
Operating income			$	18,932		$	23,425		$	14,701		$	(48,570)		$	8,488

			For the 13 Weeks Ended June 29, 2024
			Americas			Europe			Asia			Corporate			Total
Net sales			$	119,584		$	74,852		$	65,199		$	356		$	259,991
Cost of sales			58,654			32,187			32,236			63			123,140
Gross profit			$	60,930		$	42,665		$	32,963		$	293		$	136,851
Marketing			12,708			5,678			6,346			1,026			25,758
Compensation and benefits			16,454			17,370			8,848			29,186			71,858
Depreciation and amortization			928			809			572			1,580			3,889
Other segment items (1)			16,236			8,850			11,173			33,090			69,349
Operating income			$	14,604		$	9,958		$	6,024		$	(64,589)		$	(34,003)

			For the 27 Weeks Ended July 5, 2025
			Americas			Europe			Asia			Corporate			Total
Net sales			$	193,480		$	144,502		$	114,760		$	939		$	453,681
Cost of sales			85,975			55,089			42,739			157			183,960
Gross profit			$	107,505		$	89,413		$	72,021		$	782		$	269,721
Marketing			8,189			6,920			7,252			1,915			24,276
Compensation and benefits			30,059			36,708			17,118			58,144			142,029
Depreciation and amortization			1,419			1,488			1,001			2,355			6,263
Other segment items (1)			24,676			4,118			16,690			49,927			95,411
Operating income			$	43,162		$	40,179		$	29,960		$	(111,559)		$	1,742

			For the 26 Weeks Ended June 29, 2024
			Americas			Europe			Asia			Corporate			Total
Net sales			$	229,601		$	153,572		$	130,736		$	965		$	514,874
Cost of sales			116,554			64,390			63,496			91			244,531
Gross profit			$	113,047		$	89,182		$	67,240		$	874		$	270,343
Marketing			21,709			9,997			13,390			1,883			46,979
Compensation and benefits			33,684			39,290			18,399			58,810			150,183
Depreciation and amortization			2,154			1,864			1,098			3,189			8,305
Other segment items (1)			32,141			20,679			22,527			52,738			128,085
Operating income			$	23,359		$	17,352		$	11,826		$	(115,746)		$	(63,209)

(1) Other segment items for each reportable segment include long-lived asset impairments, restructuring charges, facility costs, overhead expenses, fixed asset disposals and other operating costs.

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 July 5, 2025												For the 13 Weeks Ended June 29, 2024
			Net Sales						Percentage of Total						Net Sales						Percentage of Total
Watches:
Traditional watches			$	178,446					81.0		%				$	194,088					74.7		%
Smartwatches			1,400						0.6						8,392						3.2
Total watches			$	179,846					81.6		%				$	202,480					77.9		%
Leathers			16,947						7.7						27,166						10.4
Jewelry			19,390						8.8						24,199						9.3
Other			4,205						1.9						6,146						2.4
Total			$	220,388					100.0		%				$	259,991					100.0		%

			For the 27 Weeks Ended July 5, 2025												For the 26 Weeks Ended June 29, 2024
			Net Sales						Percentage of Total						Net Sales						Percentage of Total
Watches:
Traditional watches			$	363,076					80.0		%				$	380,649					73.9		%
Smartwatches			5,446						1.2						17,269						3.4
Total watches			$	368,522					81.2		%				$	397,918					77.3		%
Leathers			34,127						7.5						54,749						10.6
Jewelry			41,652						9.2						50,463						9.8
Other			9,380						2.1						11,744						2.3
Total			$	453,681					100.0		%				$	514,874					100.0		%

X

- 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

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration