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SEGMENT REPORTING
 6 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING
14. SEGMENT REPORTING
The Company conducts business as one operating and reportable segment that designs, manufactures, and markets in-ground swimming pools, pool covers, and pool liners. The Company’s Chief Executive Officer, who is the chief operating decision maker (“CODM”), reviews financial information presented on a consolidated basis for purposes of assessing financial performance and allocating resources.
The Company reports consolidated net income (loss), as management believes that is the measure most consistent with the measurement principles in the Company’s condensed consolidated financial statements. Consolidated net income (loss) is used by the CODM predominantly in the annual budget and forecasting, including consideration of budget-to-actual variances when making decisions about the allocation of operating and capital resources.
Operations of the Company’s single segment consisted of the following (in thousands):
Fiscal Quarter EndedTwo Fiscal Quarters Ended
June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Net sales$197,474 $172,639 $314,789 $284,059 
Other cost of sales(1)
122,204 104,476 197,822 178,901 
Other selling, general and administrative expense(2)
31,590 28,282 62,140 54,911 
Depreciation6,087 5,188 11,769 10,186 
Amortization(3)
7,585 7,509 14,970 14,911 
Stock-based compensation expense1,609 1,381 2,713 3,352 
Strategic initiative costs(4)
509 918 959 1,562 
Acquisition and integration related costs(5)
2,798 16 5,925 283 
Restructuring charges(6)
— 145 — 160 
Interest expense, net5,930 7,149 10,686 13,520 
Other expense (income), net1,376 (3,047)2,194 (3,355)
Earnings from equity method investment(1,081)(488)(1,916)(1,441)
Income tax expense6,113 5,130 3,307 1,051 
Net income$12,754 $15,980 $4,220 $10,018 
(1)Other cost of sales includes total cost of sales (as presented in the condensed consolidated statements of operations) excluding depreciation, stock-based compensation, restructuring charges, and strategic initiative costs.
(2)Other selling, general and administrative expense includes total selling, general and administrative expense (as presented in the condensed consolidated statements of operations) excluding depreciation, amortization, stock-based compensation, strategic initiative costs and acquisition and integration related costs.
(3)Inclusive of finance lease amortization.
(4)Represents fees paid to external consultants and other expenses for our strategic initiatives.
(5)Represents acquisition and integration costs, including the earn-out related to the Coverstar Central acquisition, as well as other costs related to potential transactions.
(6)Represents costs that include severance and other expenses for our executive management changes.