Segments

12 Months Ended

Dec. 28, 2024

Segment Reporting [Abstract]

Segments

Segments

The Company’s chief operating decision maker (CODM), who is the Chief Executive Officer, assesses company-wide

performance and allocates resources based on consolidated financial information. Consequently, the Company views the

entire organization as one reportable segment and the strategic purpose of all operating activities is to support that one

segment.

The CODM manages the Company’s business activities as a single operating and reportable segment at the

consolidated level. The CODM uses net (loss) income, as reported on the Company’s consolidated statement of

operations, in evaluating performance of the Company in determining how to allocate resources of the Company as a

whole, including investing in the Company’s product development, sales and marketing campaigns, and employee

compensation. The measure of segment assets that is reviewed by the CODM is reported within the consolidated

balance sheet as consolidated total assets. The CODM also uses consolidated earnings or losses before interest, taxes,

depreciation and amortization (Adjusted EBITDA) as the basis for the CODM to evaluate the performance of the

Company.

The following is a summary of the significant expense categories and consolidated net (loss) income details provided to

the CODM (in thousands):

	2024	2023	2022
Net Sales	$1,682,296	$1,887,482	$2,114,297
Less:
Cost of sales	(679,523)	(798,952)	(912,002)
Marketing expenses	(393,693)	(432,982)	(497,269)
Selling expenses	(372,931)	(414,460)	(422,359)
General and administrative	(148,736)	(145,949)	(153,266)
Research and development	(45,255)	(55,797)	(61,521)
Restructuring costs	(18,066)	(15,728)	—
Asset impairment charges	(1,220)	(673)	—
Interest expense	(48,368)	(42,694)	(18,985)
Income tax benefit (expense)	5,162	4,466	(12,285)
Net (loss) income	$(20,334)	$(15,287)	$36,610