SEGMENT INFORMATION

12 Months Ended

Jan. 03, 2026

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):

	Fiscal Year Ended
	January 3, 2026		December 28, 2024		December 30, 2023
Net sales	1,868,494		1,829,873		1,658,713
Cost of goods sold(1)	795,810		766,589		715,527
Gross profit	1,072,684		1,063,284		943,186
Selling, general, and administrative expenses
Distribution and fulfillment	321,909		322,957		310,148
Compensation and benefits(2)	204,456		193,366		153,511
Marketing	145,435		141,490		126,894
General and administration(3)	152,918		129,099		108,710
Depreciation and amortization	33,873		29,155		29,847
Product recall(4)	536		1,841		(11,382)
Total selling, general and administrative expenses	859,127		817,908		717,728
Operating income	213,557		245,376		225,458
Interest (expense) income, net	(443)		660		(942)
Other income (expense), net	7,167		(13,188)		1,430
Income before income taxes	220,281		232,848		225,946
Income tax expense	(54,894)		(57,159)		(56,061)
Net income	$	165,387	$	175,689	$	169,885

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(1)Includes depreciation expense of $20.4 million, $19.0 million, and $16.6 million, for the years ended January 3, 2026, December 28, 2024 and December 30, 2023.

(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, organizational realignment costs, and technology transformation costs.

(4)Represents adjustments and charges associated with product recalls.

For net sales by geographic region, refer to Note 3. For long-lived asset by geographic region, refer to Note 5.