v3.26.1
Segment Information
 6 Months Ended
Jun. 28, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has one operating and reportable segment that is organized based on the nature of products the Company sells, its production and distribution mode, the internal management structure and information that is regularly provided to the chief operating decision maker (“CODM”) for the purpose of assessing performance and allocating resources. The acquisition of American Woodmark as of May 28, 2026 did not result in a change to the Company’s reportable segment.

The Company is the largest manufacturer of residential cabinets in North America with a portfolio of leading residential cabinetry products for the kitchen, bathroom and other parts of the home. Our production and distribution modes were determined to be a single reportable segment, as discrete financial information by sale distribution channel and by customer shipping location is limited to sale-related metrics, as disclosed in Note 4, "Revenue from Contracts with Customers."

Our chief executive officer is our CODM. The CODM uses net (loss) income predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual variances from net (loss) income on a monthly basis when making decisions about allocating capital resources to the reportable segment. The CODM also uses net (loss) income for evaluating the performance of the reportable segment and in determining the compensation of certain employees.
The following summarizes the significant and other operating expenses reviewed by the CODM:

13 Weeks Ended26 Weeks Ended
(U.S. Dollars presented in millions)June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Net sales$815.2 $730.9 $1,433.2 $1,391.2 
Less:
Raw materials321.3 252.4 553.5 485.1 
Production labor and overhead288.4 238.8 517.6 464.2 
Non-production associate-related costs62.2 53.1 116.3 108.2 
Distribution costs56.4 42.0 95.4 78.7 
Commissions15.3 14.3 28.6 27.1 
Amortization of intangibles7.4 6.4 13.8 12.8 
Other segment items(a)
92.0 56.6 154.3 110.7 
Interest expense20.8 18.9 39.2 38.3 
Other income, net(0.1)(0.6)(0.9)(0.2)
Income tax expense (benefit)9.1 11.7 (11.6)15.7 
Net (loss) income$(57.6)$37.3 $(73.0)$50.6 
(a)    Other segment items include outside service costs, acquisition-related costs, restructuring charges and other expenses.

The measure of segment assets is reported on the balance sheet as total consolidated assets. The CODM does not review segment assets at a different asset level or category.