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Segment Information
 6 Months Ended
Jul. 01, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has two reportable segments, U.S. Retail and Canada Retail. In addition to its two reportable segments, the Company has retail stores in Australia and its wholesale operations, which are classified within Other.
The Company evaluates the performance of its segments based on Segment Profit, which it defines as operating income, exclusive of corporate overhead and allocations, asset impairments as applicable, and certain separately disclosed unusual or infrequent items. Segment Profit, as defined herein, may not be comparable to similarly titled measures used by other entities. These measures should not be considered as alternatives to our GAAP measures of Operating income, Net income, or cash flows from operating activities as an indicator of the Company’s performance or as a measure of liquidity.
During each of the periods presented, our segment results were as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
(in thousands)July 1, 2023July 2, 2022July 1, 2023July 2, 2022
Net sales:
U.S. Retail$196,500 $188,199 $380,521 $362,222 
Canada Retail153,489 149,952 286,762 277,861 
Other29,113 26,517 57,503 52,052 
Total net sales$379,102 $364,668 $724,786 $692,135 
Segment profit:
U.S. Retail$52,316 $49,848 $94,800 $87,604 
Canada Retail50,516 47,968 84,484 76,085 
Other10,290 10,377 19,852 16,094 
Total segment profit113,122 108,193 199,136 179,783 
General corporate expenses29,566 32,720 85,326 58,704 
Depreciation and amortization14,693 14,043 29,177 26,692 
Operating income68,863 61,430 84,633 94,387 
Interest expense, net(27,734)(14,807)(52,204)(29,401)
Gain (loss) on foreign currency, net4,487 (6,251)5,782 (8,268)
Other income, net434 132 218 55 
Loss on extinguishment of debt— — (6,011)(1,023)
Income before income taxes46,050 40,504 32,418 55,750 
Income tax expense11,000 9,646 7,563 12,961 
Net income$35,050 $30,858 $24,855 $42,789