v3.25.2
Segments
 6 Months Ended
Jun. 28, 2025
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 consolidated earnings and losses, as reported on the Company’s condensed
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 condensed 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 to evaluate the
performance of the Company.
The following is a summary of the significant expense categories and consolidated net loss details provided to the
CODM (in thousands):
Three Months Ended
Six Months Ended
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Net Sales
$327,925
$408,413
$721,186
$878,862
Less:
Cost of sales
(134,180)
(166,923)
(286,906)
(361,198)
Marketing expenses
(62,427)
(89,483)
(160,368)
(198,512)
Selling expenses
(84,037)
(92,917)
(175,199)
(192,400)
General and administrative
(29,604)
(39,573)
(68,223)
(78,652)
Research and development
(9,420)
(11,578)
(20,323)
(24,019)
Restructuring costs
(8,332)
(1,819)
(8,392)
(12,419)
Interest expense
(11,734)
(12,270)
(22,815)
(24,569)
Income tax (expense) benefit
(13,203)
1,099
(12,618)
374
Net loss
$(25,012)
$(5,051)
$(33,658)
$(12,533)