ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 28, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Property and equipment estimated useful lives

The useful lives for property and equipment are as follows:

Leasehold improvements	lesser of 10 years, remaining lease term, or estimated useful life of the asset
Molds and tooling	3 - 5 years
Furniture and equipment	3 - 7 years
Computers and software	3 - 7 years

Schedule of unaudited condensed consolidated financial statements

The following tables compare consolidated financial statements reported in accordance with the requirements of ASC 606 to the amounts that would have been reported had the new standard not been applied (in thousands):

	Year Ended December 28, 2019
	As Reported		Impact of Adoption		Balances without Adoption of ASC 606
Net sales	$	913,734	$	(2,091)	$	911,643
Cost of goods sold	438,420		(529)		437,891
Gross profit	475,314		(1,562)		473,752
Selling, general, and administrative expenses	385,543		451		385,994
Operating income	89,771		(2,013)		87,758
Interest expense	(21,779)		—		(21,779)
Other income	(734)		—		(734)
Income before income taxes	67,258		(2,013)		65,245
Income tax expense	(16,824)		494		(16,330)
Net income	$	50,434	$	(1,519)	$	48,915

	December 28, 2019
	As Reported		Impact of Adoption		Balances without Adoption of ASC 606
ASSETS
Accounts receivable, net	$	82,688	$	(3,550)	$	79,138
Inventory	185,700		876		186,576
Prepaid expenses and other current assets	19,644		(197)		19,447
Deferred charges and other assets	2,389		2		2,391
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accrued expenses and other current liabilities	42,088		(850)		41,238
Taxes payable	3,329		—		3,329
Accumulated deficit	(189,545)		(2,019)		(191,564)