Segment Information (Tables)

3 Months Ended

Mar. 29, 2025

Schedule of Segment Reporting Information, by Segment

The following table presents the details of the significant segment expenses, segment net revenues, and the segment performance measure, net loss, in the periods indicated.


	Three Months Ended
		March 29, 2025		March 30, 2024
Net revenues		$	68,731	$	75,603
Less:
Cost of goods sold		69,796		71,935
Research and development expenses		7,462		9,860
Selling expenses		6,971		8,248
Marketing expenses		12,088		8,226
General and administrative expenses		28,612		30,808

Interest expense		1,024		1,015
Equity in income (losses) of unconsolidated joint venture		11		(7)
Other segment items(1)		(4,317)		(121)
Net loss		$	(52,916)	$	(54,361)

___________

(1) Includes Other, net and Income tax (benefit) expense as reported in our condensed consolidated statements of operations. Other, net includes $0.9 million and $2.0 million in interest income in the three months ended March 29, 2025 and March 30, 2024, respectively. Other, net also includes $(3.5) million in foreign currency transaction gains and $2.3 million in foreign currency transaction losses in the three months ended March 29, 2025 and March 30, 2024, respectively.

Long-Lived Assets by Geographic Areas

The following table presents long-lived assets that cannot be readily removed in the Company’s business units as of the periods presented:


	March 29, 2025		December 31, 2024
U.S.	$	271,311	$	275,920
Canada(1)	2,090		2,148
EU B.V. (the Netherlands)	15,829		15,359
China (Jiaxing)(2)	12,682		15,435
Consolidated long-lived assets	$	301,912	$	308,862

____________

(1) The Company’s Canada location serves as an extension of the U.S. sales organization.

(2) As part of the Company’s Global Operations Review, on February 24, 2025, the Company’s board of directors approved a plan to suspend the Company’s operational activities in China, which are estimated to cease by the end of the second quarter of 2025.