Annual report pursuant to Section 13 and 15(d)

Note 3 - Revenue Recognition

v3.20.2
Note 3 - Revenue Recognition
 12 Months Ended
Oct. 03, 2020
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

Note 3—Revenue Recognition

 

Our revenue streams consist of wholesale, direct-to-consumer ecommerce and retail stores which are included in our Consolidated Statements of Operations. The table below identifies the amount and percentage of net sales by distribution channel (in thousands):

 

   

Fiscal Year Ended

  
   

October 3, 2020

    

September 28, 2019

  
      $    

 

%

       $      

%

  

Retail

  

$

5,626

      

2

%

  

$

4,396

      

1

%

Direct-to-consumer ecommerce

    

7,994

      

2

%

    

5,526

      

1

%

Wholesale

    

367,415

      

96

%

    

421,808

      

98

%

Net Sales

  

$

381,035

      

100

%

  

$

431,730

      

100

%

 

 

 

The table below provides net sales by reportable segment (in thousands) and the percentage of net sales by distribution channel for each reportable segment:

 

   

Fiscal Year Ended October 3, 2020

  
   

Net Sales

    

Retail

    

Direct-to-Consumer ecommerce

    

Wholesale

  

Delta Group

  

$

343,891

      

0.2

%

    

0.5

%

    

99.3

%

Salt Life Group

    

37,144

      

12.9

%

    

16.9

%

    

70.2

%

Total

  

$

381,035

                          

 

   

Fiscal Year Ended September 28, 2019

  
   

Net Sales

    

Retail

    

Direct-to-Consumer ecommerce

    

Wholesale

  

Delta Group

  

$

389,075

      

0.3

%

    

0.3

%

    

99.4

%

Salt Life Group

    

42,655

      

7.6

%

    

9.9

%

    

82.5

%

Total

  

$

431,730