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Revenue Recognition
12 Months Ended
Dec. 28, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Deferred contract assets and deferred contract liabilities are included in the consolidated balance sheet as follows (in
thousands):
 
December 28,
2024
December 30,
2023
Deferred contract assets included in:
 
 
Other current assets
$30,154
$28,567
Other non-current assets
48,988
54,795
 
$79,142
$83,362
 
December 28,
2024
December 30,
2023
Deferred contract liabilities included in:
 
 
Other current liabilities
$38,129
$36,421
Other non-current liabilities
60,988
69,098
 
$99,117
$105,519
During the years ended December 28, 2024, December 30, 2023 and December 31, 2022 the Company recognized
revenue of $36 million, $36 million and $34 million, respectively, that was included in the deferred contract liability
balance at the beginning of the year.
Revenue from goods and services transferred to customers at a point in time accounted for approximately 98% of the
Company’s revenues for 2024, 2023 and 2022.
Net sales consisted of the following (in thousands):
 
2024
2023
2022
Retail stores
$1,474,250
$1,639,073
$1,823,617
Online, phone, chat and other
208,046
248,409
290,680
Total Company
$1,682,296
$1,887,482
$2,114,297
Obligation for Sales Returns
The activity in the sales returns liability account for 2024 and 2023 was as follows (in thousands):
 
2024
2023
Balance at beginning of year
$22,402
$25,594
Additions that reduce net sales
91,375
109,153
Deduction from reserves
(94,685)
(112,345)
Balance at end of period
$19,092
$22,402