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Revenue
 12 Months Ended
Dec. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The Company’s revenue consists of sales of finished products to customers through wholesale and retail channels. Revenue from the sale of products, including those that are subject to inventory consignment agreements, is recognized when control of the product is transferred to the customer and in an amount that reflects the consideration the Company expects to be entitled in exchange for the product. The Company generally considers control to transfer either when products ship or when products are delivered depending on the shipping terms in the agreement or purchase order. The Company considers control to have transferred upon shipment or delivery because the Company has a present right to payment, the customer has legal title to the product, the Company has transferred physical possession of the product, and the customer has the significant risks and rewards of the product. Taxes imposed by governmental authorities on the Company's revenue-producing activities with customers, such as sales taxes and value added taxes, are excluded from net sales.
Markdowns. The Company provides markdowns to certain customers in order to facilitate sales of select styles. Markdowns are estimated at the time of sale using historical data and are recorded as a reduction to revenue. The Company's policy is to record its markdown allowance as a reduction of accounts receivable.
Returns. The Company accepts limited returns from customers. The Company continually monitors returns and maintains a provision for estimated returns based upon historical experience, any specific issues identified and current information. Product returns are accounted for as reductions to revenue, cost of sales and customer liabilities and an increase to other current assets to the extent the returned product is resalable.
Cooperative Advertising. The Company participates in cooperative advertising programs with its major retail customers, whereby the Company shares the cost of certain of their advertising and promotional expenses. Certain advertising expenses which are not considered separate performance obligations are recorded as sales discounts. All other cooperative advertising expenses are recorded in SG&A.
Multiple Performance Obligations. The Company enters into contracts with customers for its wearable technology that include multiple performance obligations. Each distinct performance obligation was determined by whether the customer could benefit from the good or service on its own or together with readily available resources. The Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company's process for determining standalone selling price considers multiple factors including the Company's internal pricing model and market trends that may vary depending upon the facts and circumstances related to each performance obligation. Revenue allocated to the hardware and software essential to the functionality of the product represents the majority of the arrangement consideration and is recognized at the time of product delivery, provided the other conditions for revenue recognition have been met. Revenue allocated to free software services provided through the Company's online dashboard and mobile apps as well as revenue allocated to the right to receive future unspecified software updates is deferred and recognized on a straight-line basis over the product's estimated usage period of two years.
Licensing Income. The Company previously had agreements with certain customers to provide smartwatch technology, design, support and procurement, which expired in fiscal year 2023.
Disaggregation of Revenue. The Company's revenue disaggregated by major product category and timing of revenue recognition was as follows (in thousands):
Fiscal Year 2023
AmericasEuropeAsiaCorporate Total
Product Type
Watches:
    Traditional watches$456,745 $296,133 $260,244 $1,955 $1,015,077 
    Smartwatches37,660 26,251 17,038 — 80,949 
Total watches $494,405 $322,384 $277,282 $1,955 $1,096,026 
Leathers104,760 25,877 27,790 — 158,427 
Jewelry33,367 78,946 19,097 — 131,410 
Other 8,247 10,151 4,029 4,094 26,521 
Consolidated $640,779 $437,358 $328,198 $6,049 $1,412,384 
Timing of Revenue Recognition
Revenue recognized at a point in time $640,191 $436,610 $327,747 $4,677 $1,409,225 
Revenue recognized over time 588 748 451 1,372 3,159 
Consolidated$640,779 $437,358 $328,198 $6,049 $1,412,384 
Fiscal Year 2022
AmericasEuropeAsiaCorporate Total
Product Type
Watches:
    Traditional watches$518,995 $354,799 $281,550 $3,545 $1,158,889 
    Smartwatches65,649 53,239 32,712 2 151,602 
Total watches$584,644 $408,038 $314,262 $3,547 $1,310,491 
Leathers115,300 29,414 33,828 — 178,542 
Jewelry35,695 93,614 24,796 — 154,105 
Other 8,388 10,277 4,714 15,922 39,301 
Consolidated $744,027 $541,343 $377,600 $19,469 $1,682,439 
Timing of Revenue Recognition
Revenue recognized at a point in time $742,436 $540,465 $377,107 $7,350 $1,667,358 
Revenue recognized over time 1,591 878 493 12,119 15,081 
Consolidated$744,027 $541,343 $377,600 $19,469 $1,682,439 
Fiscal Year 2021
AmericasEuropeAsiaCorporate Total
Product Type
Watches:
    Traditional watches$531,392 $396,787 $359,266 $1,054 $1,288,499 
    Smartwatches110,726 74,888 38,261 24 223,899 
Total watches$642,118 $471,675 $397,527 $1,078 $1,512,398 
Leathers95,197 31,809 30,636 — 157,642 
Jewelry41,350 95,995 21,500 — 158,845 
Other 7,258 10,738 5,494 17,661 41,151 
Consolidated $785,923 $610,217 $455,157 $18,739 $1,870,036 
Timing of Revenue Recognition
Revenue recognized at a point in time $784,287 $608,946 $454,558 $8,328 $1,856,119 
Revenue recognized over time 1,636 1,271 599 10,411 13,917 
Consolidated$785,923 $610,217 $455,157 $18,739 $1,870,036 

Contract Balances. As of December 30, 2023, the Company had no material contract assets on the consolidated balance sheets and no deferred contract costs. The Company had contract liabilities of (i) $0.0 million and $0.8 million as of December 30, 2023 and December 31, 2022, respectively, related to remaining performance obligations on licensing income, (ii) $1.7 million and $3.7 million as of December 30, 2023 and December 31, 2022, respectively, primarily related to remaining performance obligations on wearable technology products and (iii) $2.7 million and $3.1 million as of December 30, 2023 and December 31, 2022, respectively, related to gift cards issued.
Shipping and Handling Fees. The Company accounts for shipping and handling activities that occur after control of the related good transfers as fulfillment activities instead of assessing such activities as performance obligations.