Details of Certain Balance Sheet Accounts (Tables)
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9 Months Ended |
Sep. 28, 2024 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Schedule of Cash, Cash Equivalents, and Restricted Cash |
The following table provides a reconciliation of cash and cash equivalents reported within the Condensed Consolidated Balance sheets to the total of Cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statement of Cash Flows: | | | | | | | | | | | | | Nine Months Ended | | In thousands | September 28, 2024 | | September 30, 2023 | | Cash, cash equivalents and restricted cash: | | | | | Cash and cash equivalents | $ | 81,154 | | | $ | 265,815 | | | Restricted cash included in other assets | 1,521 | | | 1,337 | | | $ | 82,675 | | | $ | 267,152 | |
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| Schedule of Accounts Receivable, Net |
The following tables provide additional details of certain balance sheet accounts as of the dates shown below:
| | | | | | | | | | | | | In thousands | As of
September 28, 2024 | | As of
December 30, 2023 | | Accounts receivable, net: | | | | | Trade receivables | $ | 18,522 | | | $ | 43,518 | | | Credit card receivables | 15,414 | | | 27,905 | | Other receivables (1) | 13,059 | | | 15,747 | | | Allowance for credit losses | (200) | | | (316) | | | $ | 46,795 | | | $ | 86,854 | | (1) Includes Coronavirus Aid, Relief, and Economic Security (“CARES”) Act receivable in the amount of $9.0 million as of September 28, 2024 and December 30, 2023. |
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| Schedule of Inventories |
| | | | | | | | | | | | | In thousands | As of
September 28, 2024 | | As of
December 30, 2023 | Inventories, net: | | | | Raw materials and work in process (1) | $ | 58,502 | | | $ | 57,367 | | | Finished goods | 29,091 | | | 62,541 | | | $ | 87,593 | | | $ | 119,908 | | (1)Due to the immaterial amount of estimated work in process and the short lead times for the conversion of raw materials to finished goods, the Company does not separately present raw materials and work in process. |
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| Schedule of Other Payables and Accrued Expenses |
| | | | | | | | | | | | | In thousands | As of
September 28, 2024 | | As of
December 30, 2023 | | Other payables and accrued expenses: | | | | | Associate compensation and benefits | $ | 30,113 | | | $ | 62,614 | | | Self-insurance liabilities | 9,883 | | | 9,139 | | | Capital expenditures | 9,063 | | | 5,412 | | | Advertising | 6,150 | | | 6,446 | | | Reserves for customer returns and remakes | 4,841 | | | 9,093 | | Payable to Walmart | — | | | 6,068 | | Income taxes payable | 1,621 | | | 1,863 | | | Supplies and other store support expenses | 4,140 | | | 5,434 | | Litigation settlements (See Note 11) | 4,950 | | | 500 | | | | | | | Other | 23,363 | | | 16,719 | | | $ | 94,124 | | | $ | 123,288 | |
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| Schedule of Other Non-current Liabilities |
| | | | | | | | | | | | | In thousands | As of
September 28, 2024 | | As of
December 30, 2023 | | Other noncurrent liabilities: | | | | | | | | | Self-insurance liabilities | $ | 6,051 | | | $ | 5,657 | | | Other | 2,775 | | | 2,808 | | | $ | 8,826 | | | $ | 8,465 | |
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