SEGMENT INFORMATION

6 Months Ended

Jun. 28, 2025

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

Our Chief Operating Decision Maker (“CODM”), who is our Chief Executive Officer, reviews financial information, makes operating decisions, evaluates operating performance, and allocates resources based on consolidated net income. We manage our business as one reportable operating segment that constitutes consolidated results. Our operational structure, which includes sales, research, product design, operations, marketing, and administrative functions, is focused on the entire product suite rather than individual product categories, channels, and geographies.

The following table presents segment information for net sales, segment profit, and significant expenses (in thousands):

	Three Months Ended				Six Months Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Net sales	$	445,892	$	463,499	$	797,020	$	804,893
Cost of goods sold(1)	188,323		199,193		337,729		345,774
Gross profit	257,569		264,306		459,291		459,119
Selling, general, and administrative expenses
Distribution and fulfillment	72,629		75,620		132,303		136,952
Compensation and benefits(2)	46,344		48,019		96,199		92,915
Marketing	35,440		36,464		61,372		61,654
General and administrative(3)	32,916		29,320		69,426		59,812
Depreciation and amortization	8,216		7,463		16,296		14,549
Total selling, general and administrative expenses	195,545		196,886		375,596		365,882
Operating income	62,024		67,420		83,695		93,237
Interest income (expense), net	295		(548)		603		111
Other (expense) income, net	5,773		391		7,149		(3,710)
Income before income taxes	68,092		67,263		91,447		89,638
Income tax expense	(16,941)		(16,867)		(23,687)		(23,387)
Net income	$	51,151	$	50,396	$	67,760	$	66,251

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(1)Includes depreciation expense of $4.9 million and $4.6 million for the three months ended June 28, 2025 and June 29, 2024, respectively. Includes depreciation expense of $10.0 million and $9.0 million for the six months ended June 28, 2025 and June 29, 2024, respectively.

(2)Represents employee compensation and benefits, including non-cash stock-based compensation expense.

(3)Includes information technology, corporate infrastructure costs, contract labor, professional fees and services, asset impairments, and organizational realignment costs.