v3.26.1
Segment Information
 6 Months Ended
Jun. 28, 2026
Segment Information [Abstract]  
Segment Information

(16) Segment Information

 

The table below presents information by segment (in thousands):

 

   Thirteen Weeks Ended June 28, 2026 
(in thousands)  Residential
Solar
Installation		   New
Homes
Business		   Dealer   Total 
Operating revenues  $28,672   $13,484   $12,702   $54,858 
                     
Less:                    
Cost of revenues (1)   20,057    9,841    
—
    29,898 
Sales commissions   3,378    1,148    10,195    14,721 
Sales and marketing   2,624    166    613    3,403 
General and administrative (1)   19,356    7,639    3,297    30,292 
Segment operating income (loss)   (16,743)   (5,310)   (1,403)   (23,456)
                     
Reconciliation of segment income (loss) from operations before income taxes:                    
Unallocated amounts:                    
Interest expense                  (8,470)
Other non-operating income, net                  38,820 
Income (loss) before income taxes:                 $6,894 

 

(1) Depreciation and amortization expense in the thirteen week period ended June 28, 2026 was as follows (in millions):

 

   Residential
Solar
Installation		   New
Homes
Business		   Dealer   Total 
Depreciation and amortization classified in:                    
Cost of revenues  $0.3   $0.2   $0.1   $0.6 
General and administrative   1.0    0.7    1.0    2.7 
Total  $1.3   $0.9   $1.1   $3.3 
   Thirteen Weeks Ended June 29, 2025 
(in thousands)  Residential
Solar
Installation		   New
Homes
Business		   Dealer   Total 
Operating revenues  $38,516   $27,599   $
—
   $66,115 
                     
Less:                    
Cost of revenues (1)   25,012    17,319    
—
    42,331 
Sales commissions   8,736    319    
—
    9,055 
Sales and marketing   6,665    499    
—
    7,164 
General and administrative (1)   10,557    5,929    
—
    16,486 
Segment operating income (loss)   (12,454)   3,533    
—
    (8,921)
                     
Reconciliation of segment income (loss) from operations before income taxes:                    
Unallocated amounts:                    
Interest expense                  (6,372)
Interest income                  
—
 
Other non-operating income, net                  (12,044)
Income (loss) before income taxes:                 $(27,337)

 

(1) Depreciation and amortization expense in the thirteen week period ended June 29, 2025 was as follows (in millions):

 

   Residential
Solar
Installation		   New
Homes
Business		   Dealer   Total 
Depreciation and amortization classified in:                
Cost of revenues  $0.4   $
—
   $
—
   $0.4 
General and administrative   0.8    0.2    
—
    1.0 
Total  $1.2   $0.2   $
—
   $1.4 
   Twenty-Six Weeks Ended June 28, 2026 
(in thousands)  Residential
Solar
Installation		   New
Homes
Business		   Dealer   Total 
Operating revenues  $60,213   $28,109   $39,329   $127,651 
                     
Less:                    
Cost of revenues (1)   38,067    19,802    134    58,003 
Sales commissions   9,931    2,314    31,040    43,285 
Sales and marketing   6,163    1,042    1,191    8,396 
General and administrative (1)   35,189    19,184    6,245    60,618 
Segment operating income (loss)   (29,137)   (14,233)   719    (42,651)
                     
Reconciliation of segment income (loss) from operations before income taxes:                    
Unallocated amounts:                    
Interest expense                  (15,394)
Other non-operating income, net                  69,581 
Income (loss) before income taxes:                 $12,144 

 

(1) Depreciation and amortization expense in the twenty-six week period ended June 28, 2026 was as follows (in millions):

 

   Residential
Solar
Installation		   New
Homes
Business		   Dealer   Total 
Depreciation and amortization classified in:                
Cost of revenues  $0.9   $0.1   $0.2   $1.2 
General and administrative   2.8    0.9    1.9    5.6 
Total  $3.7   $1.0   $2.1   $6.8 

 

   Twenty-Six Weeks Ended June 29, 2025 
(in thousands)  Residential
Solar
Installation		   New
Homes
Business		   Dealer   Total 
Operating revenues  $75,020   $69,508   $
—
   $144,528 
                     
Less:                    
Cost of revenues (1)   47,627    45,741    
—
    93,368 
Sales commissions   15,403    1,336    
—
    16,739 
Sales and marketing   15,187    499    
—
    15,686 
General and administrative (1)   20,997    10,385    
—
    31,382 
Segment operating income (loss)   (24,194)   11,547    
—
    (12,647)
                     
Reconciliation of segment income (loss) from operations before income taxes:                    
Unallocated amounts:                    
Interest expense                  (12,413)
Interest income                  3 
Other non-operating income, net                  2,532 
Income (loss) before income taxes:                 $(22,525)

 

(1) Depreciation and amortization expense in the twenty-six week period ended June 29, 2025 was as follows (in millions):
   Residential
Solar
Installation		   New
Homes
Business		   Dealer   Total 
Depreciation and amortization classified in:                
Cost of revenues  $0.8   $
—
   $
—
   $0.8 
General and administrative   1.8    0.4    
—
    2.2 
Total  $2.6   $0.4   $
—
   $3.0