Annual report pursuant to Section 13 and 15(d)

BUSINESS SEGMENT INFORMATION (Tables)

v3.24.0.1
BUSINESS SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 30, 2023
Segment Reporting [Abstract]  
Financial Information for Reportable Segments
The following table presents financial information for the Company's reportable segments and income before income taxes:
Year Ended December
(In thousands) 2023 2022 2021
Segment revenues:
Wrangler $ 1,754,130  $ 1,745,805  $ 1,575,231 
Lee 842,520  874,366  887,052 
Total reportable segment revenues 2,596,650  2,620,171  2,462,283 
Other revenues 10,822  11,273  13,633 
Total net revenues $ 2,607,472  $ 2,631,444  $ 2,475,916 
Segment profit:
Wrangler $ 307,521  $ 321,173  $ 294,153 
Lee 98,148  121,056  128,305 
Total reportable segment profit $ 405,669  $ 442,229  $ 422,458 
Corporate and other expenses (96,075) (88,932) (140,960)
Interest expense (40,408) (34,919) (38,900)
Interest income 3,791  1,352  1,480 
(Loss) profit related to other revenues (1,078) (594) 522 
Income before income taxes $ 271,899  $ 319,136  $ 244,600 
Reconciliation Assets
The following table presents assets for the Company's reportable segments and a reconciliation to total asset balances:
(In thousands) December 2023 December 2022
Segment assets:
Wrangler $ 335,629  $ 402,826 
Lee 160,139  187,929 
Total reportable segment assets 495,768  590,755 
Other inventories 4,585  6,081 
Total inventories $ 500,353  $ 596,836 
All other assets 1,145,086  985,425 
Total assets $ 1,645,439  $ 1,582,261 
Revenue from External Customers and Property, Plant, and Equipment by Geographic Area
The following table presents supplemental information of net revenues by geographic area based on the location of the customer:
Year Ended December
(In thousands) 2023 2022 2021
Revenues:
U.S. $ 2,060,679  $ 2,074,599  $ 1,868,909 
International 546,793  556,845  607,007 
Total $ 2,607,472  $ 2,631,444  $ 2,475,916 
The following table presents "property, plant and equipment, net" recorded in the Company's balance sheets by geographic area based on physical location:
(In thousands) December 2023 December 2022
Property, plant and equipment, net:
U.S. $ 66,803  $ 63,704 
International 45,242  40,761 
Total $ 112,045  $ 104,465