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REVENUE
 9 Months Ended
Sep. 28, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Contract Balances

Accounts receivable represent an unconditional right to receive consideration from a customer and are recorded at net invoiced amounts, less an estimated allowance for credit losses.

Contract liabilities are recorded when the customer pays consideration before the transfer of a good to the customer and thus represent our obligation to transfer the good to the customer at a future date. Our contract liabilities include advance cash deposits received from customers for certain customized product orders and unredeemed gift card liabilities. As products are shipped and control transfers, we recognize contract liabilities as revenue.

During the second quarter of 2023, we began issuing gift cards as remedies in connection with our voluntary recalls. We recognize sales from gift cards as they are redeemed for products. As of September 28, 2024, $3.4 million of our contract liabilities represented unredeemed gift card liabilities.
The following table provides information about accounts receivable and contract liabilities at the periods indicated (in thousands):
September 28,
2024		December 30,
2023
Accounts receivable, net$143,673 $95,774 
Contract liabilities$(13,911)$(22,437)
For the nine months ended September 28, 2024, we recognized $22.4 million of revenue that was previously included in the contract liability balance at the beginning of the period.

Disaggregation of Revenue

The following table disaggregates our net sales by channel, product category, and geography (based on end-consumer location) for the periods indicated (in thousands):
Three Months EndedNine Months Ended
September 28,
2024
September 30, 2023 (1)
September 28,
2024
September 30, 2023 (1)
Net Sales by Channel
Wholesale$197,629 $174,062 $564,326 $486,066 
Direct-to-consumer280,811 259,499 719,007 652,854 
Total net sales$478,440 $433,561 $1,283,333 $1,138,920 
Net Sales by Category
Coolers & Equipment$192,595 $171,547 $518,443 $432,511 
Drinkware274,981 253,274 736,084 676,978 
Other10,864 8,740 28,806 29,431 
Total net sales$478,440 $433,561 $1,283,333 $1,138,920 
Net Sales by Geographic Region
United States$390,176 $365,695 $1,052,858 $964,569 
International88,264 67,866 230,475 174,351 
Total net sales$478,440 $433,561 $1,283,333 $1,138,920 
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(1)Includes an unfavorable impact from the recall reserve adjustment. See Note 10 for further discussion of our recalls.

For each of the three and nine months ended September 28, 2024 and September 30, 2023, no single customer represented over 10% of gross sales.