SEGMENT REPORTING

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

The Company reports the results of its continuing operations in one reportable segment. The Company’s Chief Operating Decision Maker (“CODM”) is the Company’s Chief Executive Officer ("CEO"). The CEO, in the role as CODM, evaluates segment performance based on operating income. The CODM reviews assets and makes significant capital expenditure decisions for the Company on a segment level basis. The measure of segment assets is reported on the balance sheet as total assets. Long-lived assets outside of the United States were $3.1 million and $3.7 million for the years ended December 31, 2024 and 2023, respectively. The other costs items identified below are primarily compensation and employee benefits and facility costs.

The following table provides a reconciliation of the Company's segment operating income to net income, from continuing operations, for the years ended December 31, 2024, 2023 and 2022 (in millions):

	Year Ended December 31,
	2024		2023		2022
Net sales	$	1,315.9	$	1,274.3	$	1,166.1
Significant segment expenses:
Cost of sales	863.9		838.5		744.9
Net advertising expenses	90.6		79.8		72.0
Depreciation and amortization	7.6		6.4		3.9
Other costs	273.3		253.1		240.1
Operating income	80.5		96.5		105.2
Reconciliation of segment operating income to net income:
Interest and other expenses	0.7		1.3		1.4
Income tax	19.1		24.5		25.7
Net income	$	60.7	$	70.7	$	78.1