v3.26.1
ASSETS HELD-FOR-SALE AND DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Jul. 04, 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 JuneSix Months Ended June
(In thousands)
2026202520262025
Net revenues$159,168 $165,627 $353,456 $365,527 
Cost of goods sold76,628 89,971 168,103 186,969 
Selling, general and administrative expenses71,636 54,067 134,490 115,039 
Interest income66 77 163 198 
Other (expense) income, net(938)(785)(1,205)(1,492)
Income from discontinued operations before income taxes$10,032 $20,881 $49,821 $62,225 
Income taxes(2,251)(5,708)(10,639)(14,419)
Income from discontinued operations, net of tax$7,781 $15,173 $39,182 $47,806 
The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations as of June 2026, December 2025 and June 2025:
(In thousands)June 2026December 2025June 2025
Cash and cash equivalents$22,360 $31,227 $21,568 
Accounts receivable, net53,751 67,005 67,231 
Inventories129,899 130,737 142,385 
Prepaid expenses and other current assets22,313 27,512 24,572 
Total current assets of discontinued operations228,323 256,481 255,756 
Property, plant and equipment, net16,622 17,443 17,188 
Operating lease assets30,541 31,249 33,647 
Intangible assets, net4,711 4,833 4,840 
Goodwill79,691 80,131 80,463 
Other assets30,652 35,401 38,635 
Total other assets of discontinued operations162,217 169,057 174,773 
Total assets of discontinued operations$390,540 $425,538 $430,529 
Accounts payable$51,459 $49,554 $48,727 
Accrued and other current liabilities51,885 68,236 56,108 
Operating lease liabilities, current10,212 11,245 11,361 
Total current liabilities of discontinued operations113,556 129,035 116,196 
Operating lease liabilities, noncurrent17,712 21,455 23,693 
Other liabilities9,314 8,291 10,978 
Total other liabilities of discontinued operations27,026 29,746 34,671 
Total liabilities of discontinued operations$140,582 $158,781 $150,867