Quarterly report [Sections 13 or 15(d)]

ASSETS HELD-FOR-SALE AND DISCONTINUED OPERATIONS (Tables)

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 September Nine Months Ended September
(In thousands)
2026 2025 2026 2025
Net revenues $ 187,508  $ 186,743  $ 540,964  $ 552,270 
Cost of goods sold 96,090  101,080  264,193  288,049 
Selling, general and administrative expenses 87,043  59,225  221,533  174,264 
Interest income 57  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 taxes 433  (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 2026 December 2025 September 2025
Cash and cash equivalents $ 21,161  $ 31,227  $ 24,510 
Accounts receivable, net 73,630  67,005  86,157 
Inventories 119,256  130,737  160,972 
Prepaid expenses and other current assets 22,258  27,512  29,518 
Total current assets of discontinued operations 236,305  256,481  301,157 
Property, plant and equipment, net 16,037  17,443  17,360 
Operating lease assets 30,284  31,249  34,105 
Intangible assets, net 4,639  4,833  4,823 
Goodwill 79,557  80,131  80,216 
Other assets 28,810  35,401  38,578 
Total other assets of discontinued operations 159,327  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 liabilities 59,264  68,236  71,017 
Operating lease liabilities, current 9,758  11,245  11,944 
Total current liabilities of discontinued operations 127,794  129,035  159,091 
Operating lease liabilities, noncurrent 16,211  21,455  23,535 
Other liabilities 7,003  8,291  10,717 
Total other liabilities of discontinued operations 23,214  29,746  34,252 
Total liabilities of discontinued operations $ 151,008  $ 158,781  $ 193,343