Information for the segment, including the significant expenses regularly reviewed by the CODM, is provided in the following tables for the periods indicated (amounts in thousands):


	13 Weeks Ended				26 Weeks Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Net sales	$	1,179,772	$	1,128,520	$	2,305,339	$	2,165,464
Less:
Cost of sales (1)	817,575		778,174		1,599,344		1,510,315
Commission expenses (2)	169,691		167,049		331,411		327,839
Other selling expenses (3)	78,965		68,963		153,495		124,967
General and administrative expenses (4)	56,318		54,683		117,144		109,098
Restructuring charges (5)	11,157		—		45,032		—
Other segment items (6)	1,960		7,001		7,418		15,143
Depreciation and amortization expenses	31,334		26,545		61,231		51,434
Interest income	(1,841)		(1,865)		(3,605)		(4,690)
Interest expense	8,385		7,424		16,669		13,425
Income tax expense (benefit)	1,267		6,545		(4,444)		4,957
Net income (loss) and comprehensive income (loss)	$	4,961	$	14,001	$	(18,356)	$	12,976

(1)Cost of sales includes merchandise costs, inventory markdowns, inventory losses, transportation costs and distribution and warehousing costs and excludes depreciation and amortization expenses, which were $1.5 million and $1.1 million for the 13 weeks ended June 28, 2025 and June 29, 2024, respectively, and $2.9 million and $2.0 million for the 26 weeks ended June 28, 2025 and June 29, 2024, respectively.

(3)Other selling expenses include occupancy for all stores, our portion of maintenance costs for IO stores, the cost of opening new IO stores and payroll, benefits, maintenance, supplies and utilities for company-operated stores.

(4)General and administrative expenses include payroll and benefits for corporate and field support, marketing and advertising, insurance and professional services and operator recruiting and training costs.

(5)Restructuring charges include lease termination costs, non-cash impairment and disposal of long-lived assets, employee severance and benefit costs and legal, professional and other costs related to the Restructuring Plan, as defined in Note 11.


	26 Weeks Ended
	June 28, 2025		June 29, 2024
Purchases of property and equipment	$	119,669	$	85,131
Investments in intangible assets and licenses	10,801		6,532
Total capital expenditures	$	130,470	$	91,663