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Reporting Segment Information (Tables)

12 Months Ended

Dec. 28, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Operating Segment

The following tables set forth information about the Company by reportable segment:

	2024
(In thousands)	Wholesale					Retail					Total
Net sales (including inter-segment sales)	$		7,906,020			$		2,841,800			$		10,747,820
Elimination of inter-segment sales			(1,196,715	)				(1,781	)				(1,198,496	)
Total consolidated net sales			6,709,305					2,840,019					9,549,324
Less (a):
Cost of sales			5,921,242					2,110,417					8,031,659
Selling, general and administrative			600,857					658,322					1,259,179
Segment adjusted EBITDA			187,206					71,280					258,486
Reconciliation of Adjusted EBITDA
LIFO expense													(5,167	)
Depreciation and amortization													(103,412	)
Acquisition and integration, net													(3,113	)
Restructuring and goodwill / asset impairment, net													(74,107	)
Cloud computing amortization													(7,585	)
Organizational realignment, net													(2,757	)
Severance associated with cost reduction initiatives													(537	)
Stock-based compensation													(10,743	)
Stock warrant													(868	)
Non-cash rent													2,679
Gain on disposal of assets													284
Legal settlement													900
Postretirement plan amendment and settlement													(99	)
Interest and non-operating expenses, net													(42,936	)
Earnings before income taxes											$		11,025
Other segment disclosures:
Acquisition and integration, net	$		2,048			$		1,065			$		3,113
Restructuring and goodwill / asset impairment, net			15,914					58,193					74,107
Depreciation and amortization			54,291					49,121					103,412
Capital expenditures			66,180					66,214					132,394

a) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Amounts are presented on a non-GAAP, or adjusted basis.

	2023
(In thousands)	Wholesale					Retail					Total
Net sales (including inter-segment sales)	$		8,108,655			$		2,811,334			$		10,919,989
Elimination of inter-segment sales			(1,189,438	)				(1,332	)				(1,190,770	)
Total consolidated net sales			6,919,217					2,810,002					9,729,219
Less (a):
Cost of sales			6,136,812					2,090,747					8,227,559
Selling, general and administrative			604,514					639,745					1,244,259
Segment adjusted EBITDA			177,891					79,510					257,401
Reconciliation of Adjusted EBITDA
LIFO expense													(16,104	)
Depreciation and amortization													(98,639	)
Acquisition and integration, net													(3,416	)
Restructuring and asset impairment, net													(9,190	)
Cloud computing amortization													(5,034	)
Organizational realignment, net													(5,239	)
Severance associated with cost reduction initiatives													(318	)
Stock-based compensation													(12,536	)
Stock warrant													(1,559	)
Non-cash rent													2,599
Loss on disposal of assets													(259	)
Legal settlement													(900	)
Postretirement plan amendment and settlement													(94	)
Interest and non-operating expenses, net													(36,587	)
Earnings before income taxes											$		70,125
Other segment disclosures:
Acquisition and integration, net	$		216			$		3,200			$		3,416
Restructuring and asset impairment, net			8,548					642					9,190
Depreciation and amortization			51,535					47,104					98,639
Capital expenditures			75,509					44,821					120,330

a) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Amounts are presented on a non-GAAP, or adjusted basis.

	2022
(In thousands)	Wholesale					Retail					Total
Net sales (including inter-segment sales)	$		8,049,733			$		2,798,792			$		10,848,525
Elimination of inter-segment sales			(1,204,497	)				(928	)				(1,205,425	)
Total consolidated net sales			6,845,236					2,797,864					9,643,100
Less (a):
Cost of sales			6,016,894					2,071,908					8,088,802
Selling, general and administrative			662,466					648,953					1,311,419
Segment adjusted EBITDA			165,876					77,003					242,879
Reconciliation of Adjusted EBITDA
LIFO expense													(56,823	)
Depreciation and amortization													(94,180	)
Acquisition and integration, net													(343	)
Restructuring and asset impairment, net													(805	)
Cloud computing amortization													(3,650	)
Organizational realignment, net													(1,859	)
Severance associated with cost reduction initiatives													(831	)
Stock-based compensation													(8,589	)
Stock warrant													(2,158	)
Non-cash rent													3,444
Loss on disposal of assets													(1,073	)
Postretirement plan amendment and settlement													(133	)
Costs related to shareholder activism													(7,335	)
Interest and non-operating expenses, net													(21,629	)
Earnings before income taxes											$		46,915
Other segment disclosures
Acquisition and integration, net	$		239			$		104			$		343
Restructuring and asset impairment, net			(2,363	)				3,168					805
Depreciation and amortization			47,601					46,579					94,180
Capital expenditures			52,394					44,886					97,280

a) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Amounts are presented on a non-GAAP, or adjusted basis.

				December 28,					December 30,
(In thousands)				2024					2023
Total assets
Wholesale				$		1,576,043			$		1,576,182
Retail						1,026,253					779,393
Total				$		2,602,296			$		2,355,575

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

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- References

No definition available.

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