Annual report [Section 13 and 15(d), not S-K Item 405]

Segment Information

v3.25.0.1
Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has determined that its four brands are each an operating segment and has aggregated its operating segments into one reportable segment based on the similar nature of products sold, production, merchandising and distribution processes involved, target customers and economic characteristics. The Chief Executive Officer of the Company is the Chief Operating Decision Maker (the “CODM”). The CODM uses both gross margin and Adjusted EBITDA as measures of profit or loss to evaluate performance and allocate resources. Gross margin is disclosed below as the segment profit measure as it is most consistent with the amounts included in the Company’s consolidated financial statements.
The following table sets forth gross margin for the periods shown:
Year Ended December 31,
2024 2023 2022
Net sales
 $ 574,697  $ 546,258  $ 611,738 
Cost of sales
 247,192  245,978  274,491 
Gross profit
 $ 327,505  $ 300,280  $ 337,247 
Gross margin
 57.0  % 55.0  % 55.1  %