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Segments
 6 Months Ended
Jun. 29, 2024
Segment Reporting [Abstract]  
Segments Segments
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 wholesale operations, both of 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 its liquidity.
Our segment results were as follows:
Thirteen Weeks EndedTwenty-Six Weeks Ended
(in thousands)June 29, 2024July 1, 2023June 29, 2024July 1, 2023
Net sales:
U.S. Retail$207,068 $196,500 $399,648 $380,521 
Canada Retail149,836 153,489 283,955 286,762 
Other29,759 29,113 57,232 57,503 
Total net sales$386,663 $379,102 $740,835 $724,786 
Segment profit:
U.S. Retail$51,855 $52,316 $93,646 $94,800 
Canada Retail43,968 50,516 79,498 84,484 
Other6,854 10,290 15,339 19,852 
Total segment profit102,677 113,122 188,483 199,136 
General corporate expenses53,081 29,566 104,319 85,326 
Depreciation and amortization17,380 14,693 35,681 29,177 
Operating income32,216 68,863 48,483 84,633 
Interest expense, net(15,767)(27,734)(31,843)(52,204)
(Loss) gain on foreign currency, net(940)4,487 (1,896)5,782 
Other income, net496 434 390 218 
Loss on extinguishment of debt— — (4,088)(6,011)
Income before income taxes16,005 46,050 11,046 32,418 
Income tax expense6,293 11,000 1,801 7,563 
Net income$9,712 $35,050 $9,245 $24,855