v3.26.1
REVENUE
 6 Months Ended
Jul. 04, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Contract Balances

Accounts receivable represent an unconditional right to receive consideration from a customer and are recorded at net invoiced amounts, less an estimated allowance for credit losses.

Contract liabilities are recorded when the customer pays consideration before the transfer of a good to the customer and thus represent our obligation to transfer the good to the customer at a future date. Our contract liabilities include advance cash deposits received from customers for certain customized product orders and unredeemed gift card liabilities. As products are shipped and control transfers, we recognize contract liabilities as revenue.

The following table provides information about accounts receivable and contract liabilities at the periods indicated (in thousands):
July 4,
2026		January 3,
2026
Accounts receivable, net$174,782 $141,424 
Contract liabilities$(10,888)$(9,535)

For the six months ended July 4, 2026, we recognized $6.9 million of revenue that was previously included in the contract liability balance at the beginning of the period.

Disaggregation of Revenue

The following table disaggregates our net sales by channel, product category, and geography (based on end-consumer location) for the periods indicated (in thousands):
Three Months EndedSix Months Ended
July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Net Sales by Channel
Wholesale$217,995 $197,296 $401,590 $352,208 
Direct-to-consumer265,873 248,596 462,692 444,812 
Total net sales$483,868 $445,892 $864,282 $797,020 
Net Sales by Category
Coolers & Equipment$232,404 $200,572 $388,505 $340,789 
Drinkware241,384 236,438 458,289 442,039 
Other10,080 8,882 17,488 14,192 
Total net sales$483,868 $445,892 $864,282 $797,020 
Net Sales by Geographic Region
United States$390,965 $367,772 $684,051 $639,047 
International92,903 78,120 180,231 157,973 
Total net sales$483,868 $445,892 $864,282 $797,020 

For each of the three and six months ended July 4, 2026 and June 28, 2025, no single customer represented over 10% of gross sales.