v3.23.1
Segment Reporting
 3 Months Ended
Apr. 01, 2023
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company provides its principal products and services through two reportable segments: Owned & Host and Legacy. The “Corporate/Other” category includes the results of operations of our other operating segments, AC Lens and FirstSight, as well as corporate overhead support. The “Reconciliations” category represents other adjustments to reportable segment results necessary for the presentation of consolidated financial results in accordance with U.S. GAAP for the two reportable segments.
Our reportable segment profit measure is earnings before interest, tax, depreciation and amortization (“EBITDA”) or net revenue, less costs applicable to revenue, less SG&A expenses. Depreciation and amortization, asset impairment, and other corporate costs that are not allocated to the reportable segments, including interest expense (income) are excluded from segment EBITDA. There are no revenue transactions between our reportable segments. There are no differences between the measurement of our reportable segments’ assets and consolidated assets. There have been no changes from prior periods in the measurement methods used to determine reportable segment profit or loss, and there have been no asymmetrical allocations to segments.
The following is a summary of certain financial data for each of our segments. Reportable segment information is presented on the same basis as our consolidated financial statements, except for net revenue and associated costs applicable to revenue, which are presented on a cash basis, including point of sales for managed care payors and excluding the effects of unearned and deferred revenue, consistent with what the Chief Operating Decision Maker (“CODM”) regularly reviews.
Asset information is not included in the following summary since the CODM does not regularly review such information for the reportable segments.
Three Months Ended April 1, 2023
In thousandsOwned & HostLegacyCorporate/OtherReconciliationsTotal
Net product sales$374,836 $28,351 $64,841 $(3,267)$464,761 
Net sales of services and plans87,070 12,925 24 (2,411)97,608 
Total net revenue461,906 41,276 64,865 (5,678)562,369 
Costs of products105,356 12,688 55,728 (670)173,102 
Costs of services and plans75,053 5,875 22 — 80,950 
Total costs applicable to revenue180,409 18,563 55,750 (670)254,052 
SG&A167,845 14,772 67,305 — 249,922 
Asset impairment — — 387 — 387 
Other expense (income), net— — (117)— (117)
EBITDA$113,652 $7,941 $(58,460)$(5,008)
Depreciation and amortization24,813 
Interest expense (income), net4,867 
Earnings before income taxes$28,445 

Three Months Ended April 2, 2022
In thousandsOwned & HostLegacyCorporate/OtherReconciliationsTotal
Net product sales$357,904 $27,630 $61,697 $(13,978)$433,253 
Net sales of services and plans80,015 14,528 — (85)94,458 
Total net revenue437,919 42,158 61,697 (14,063)527,711 
Costs of products101,040 12,907 53,465 (3,193)164,219 
Costs of services and plans65,601 6,217 — — 71,818 
Total costs applicable to revenue166,641 19,124 53,465 (3,193)236,037 
SG&A157,461 15,106 55,987 — 228,554 
Asset impairment— — 406 — 406 
Other expense (income), net— — 231 — 231 
EBITDA$113,817 $7,928 $(48,392)$(10,870)
Depreciation and amortization25,151 
Interest expense (income), net(4,144)
Earnings before income taxes$41,476