| 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:
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Three Months Ended March |
| (In thousands) |
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2026 |
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2025 |
| Net revenues |
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$ |
194,288 |
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$ |
199,900 |
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| Cost of goods sold |
|
91,475 |
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|
96,998 |
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| Selling, general and administrative expenses |
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62,854 |
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60,972 |
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| Interest income |
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98 |
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121 |
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| Other expense, net |
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(267) |
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(707) |
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| Income from discontinued operations before income taxes |
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$ |
39,790
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$ |
41,344
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| Income taxes |
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(8,389) |
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(8,711) |
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| Income from discontinued operations, net of tax |
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$ |
31,401
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$ |
32,633
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The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations as of March 2026, December 2025 and March 2025:
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| (In thousands) |
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March 2026 |
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December 2025 |
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March 2025 |
| Cash and cash equivalents |
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$ |
30,695 |
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$ |
31,227 |
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$ |
35,920 |
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| Accounts receivable, net |
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71,060 |
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67,005 |
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76,303 |
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| Inventories |
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135,383 |
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130,737 |
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144,260 |
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| Prepaid expenses and other current assets |
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22,197 |
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27,512 |
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22,366 |
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| Total current assets of discontinued operations |
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259,335 |
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256,481 |
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278,849 |
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| Property, plant and equipment, net |
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17,213 |
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17,443 |
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17,324 |
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| Operating lease assets |
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30,246 |
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31,249 |
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33,484 |
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| Intangible assets, net |
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4,743 |
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4,833 |
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4,483 |
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| Goodwill |
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79,861 |
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80,131 |
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80,119 |
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| Other assets |
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33,054 |
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35,401 |
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38,735 |
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| Total other assets of discontinued operations |
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165,117 |
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169,057 |
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174,145 |
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| Total assets of discontinued operations |
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$ |
424,452 |
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$ |
425,538 |
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$ |
452,994 |
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| Accounts payable |
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$ |
56,910 |
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$ |
49,554 |
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$ |
41,519 |
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| Accrued and other current liabilities |
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57,603 |
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68,236 |
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54,327 |
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| Operating lease liabilities, current |
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11,295 |
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11,245 |
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11,245 |
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| Total current liabilities of discontinued operations |
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125,808 |
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129,035 |
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107,091 |
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| Operating lease liabilities, noncurrent |
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20,218 |
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21,455 |
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23,858 |
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| Other liabilities |
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9,394 |
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8,291 |
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10,421 |
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| Total other liabilities of discontinued operations |
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29,612 |
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29,746 |
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34,279 |
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| Total liabilities of discontinued operations |
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$ |
155,420 |
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$ |
158,781 |
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$ |
141,370 |
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