v3.26.3
ASSETS HELD-FOR-SALE AND DISCONTINUED OPERATIONS (Tables)
 9 Months Ended
Oct. 03, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations Presented in Financial Statements
The following table summarizes the major line items for the Lee® business that are included in income from discontinued operations, net of tax, in the Company's statements of operations:
Three Months Ended SeptemberNine Months Ended September
(In thousands)
2026202520262025
Net revenues$187,508 $186,743 $540,964 $552,270 
Cost of goods sold96,090 101,080 264,193 288,049 
Selling, general and administrative expenses87,043 59,225 221,533 174,264 
Interest income57 60 220 258 
Other expense, net(808)(860)(2,013)(2,352)
Income from discontinued operations before income taxes$3,624 $25,638 $53,445 $87,863 
Income taxes433 (4,700)(10,206)(19,119)
Income from discontinued operations, net of tax$4,057 $20,938 $43,239 $68,744 
The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations as of September 2026, December 2025 and September 2025:
(In thousands)September 2026December 2025September 2025
Cash and cash equivalents$21,161 $31,227 $24,510 
Accounts receivable, net73,630 67,005 86,157 
Inventories119,256 130,737 160,972 
Prepaid expenses and other current assets22,258 27,512 29,518 
Total current assets of discontinued operations236,305 256,481 301,157 
Property, plant and equipment, net16,037 17,443 17,360 
Operating lease assets30,284 31,249 34,105 
Intangible assets, net4,639 4,833 4,823 
Goodwill79,557 80,131 80,216 
Other assets28,810 35,401 38,578 
Total other assets of discontinued operations159,327 169,057 175,082 
Total assets of discontinued operations$395,632 $425,538 $476,239 
Accounts payable$58,772 $49,554 $76,130 
Accrued and other current liabilities59,264 68,236 71,017 
Operating lease liabilities, current9,758 11,245 11,944 
Total current liabilities of discontinued operations127,794 129,035 159,091 
Operating lease liabilities, noncurrent16,211 21,455 23,535 
Other liabilities7,003 8,291 10,717 
Total other liabilities of discontinued operations23,214 29,746 34,252 
Total liabilities of discontinued operations$151,008 $158,781 $193,343