v3.25.4
Segments
12 Months Ended
Jan. 03, 2026
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 net loss, as reported on the Company’s 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 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 for the CODM 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):
2025
2024
2023
Net Sales
$1,411,450
$1,682,296
$1,887,482
Less:
Cost of sales
(578,499)
(679,523)
(798,952)
Marketing expenses
(315,189)
(393,693)
(432,982)
Selling expenses
(349,046)
(372,931)
(414,460)
General and administrative
(130,669)
(148,736)
(145,949)
Research and development
(33,942)
(45,255)
(55,797)
Restructuring costs
(50,697)
(18,066)
(15,728)
Asset impairment charges
(1,220)
(673)
Interest expense
(49,382)
(48,368)
(42,694)
Income tax (expense) benefit
(35,984)
5,162
4,466
Net loss
$(131,958)
$(20,334)
$(15,287)