v3.26.1
SEGMENT INFORMATION
 6 Months Ended
Jul. 04, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Our Chief Operating Decision Maker (“CODM”), who is our Chief Executive Officer, reviews financial information, makes operating decisions, evaluates operating performance, and allocates resources based on consolidated net income. We manage our business as one reportable operating segment that constitutes consolidated results. Our operational structure, which includes sales, research, product design, operations, marketing, and administrative functions, is focused on the entire product suite rather than individual product categories, channels, and geographies.

The following table presents segment information for net sales, segment profit, and significant expenses (in thousands):
Three Months Ended
Six Months Ended
July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Net sales$483,868 $445,892 $864,282 $797,020 
Cost of goods sold(1)(2)
161,344 188,323 331,547 337,729 
Gross profit322,524 257,569 532,735 459,291 
Selling, general, and administrative expenses
Distribution and fulfillment83,044 72,629 147,427 132,303 
Compensation and benefits(3)
51,308 46,344 104,740 96,199 
Marketing46,025 35,440 74,647 61,372 
General and administrative(4)
38,633 32,916 80,918 69,426 
Depreciation and amortization 9,247 8,216 18,122 16,296 
Product recall(5)
749 — 925 — 
Total selling, general and administrative expenses
229,006 195,545 426,779 375,596 
Operating income93,518 62,024 105,956 83,695 
Interest income, net1,617 295 500 603 
Other (expense) income, net(889)5,773 90 7,149 
Income before income taxes94,246 68,092 106,546 91,447 
Income tax expense(22,929)(16,941)(25,378)(23,687)
Net income$71,317 $51,151 $81,168 $67,760 
_________________________
(1)Includes depreciation expense of $5.1 million and $4.9 million for the three months ended July 4, 2026 and June 28, 2025, respectively. Includes depreciation expense of $10.2 million and $10.0 million for the six months ended July 4, 2026 and June 28, 2025, respectively.
(2)Includes a net benefit of $42.6 million related to the IEEPA tariff refunds for the three and six months ended July 4, 2026.
(3)Represents employee compensation and benefits, including non-cash stock-based compensation expense.
(4)Includes information technology, corporate infrastructure costs, contract labor, professional fees and services, asset impairments, organizational realignment costs, and certain executive severance costs.
(5)Represents adjustments and charges associated with product recalls.