XML 62 R2.htm IDEA: XBRL DOCUMENT v3.24.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table provides information regarding compensation paid to the Company’s Chief Executive Officer and other Named Executive Officers along with the cumulative total shareholder return of the Company and the Total Shareholder Return of the Russell 1000 Consumer Discretionary Index, the Company’s net income and the Company’s revenue, which is the Company’s most important financial performance measure used by the Company to link compensation actually paid to the Company’s named executive officers, for 2023, to Company performance.
 
   
Cocks
   
Stoddart
   
Goldner
                                     
                                 
Value of Initial Fixed
$100 Investment
Based on
(4)
:
         
Company
Selected
Measure
 
  Year
(1)
 
Summary
Compensation
Table
(SCT)
for CEO
 
Compensation
Actually Paid
(CAP)
to CEO
   
Summary
Compensation
Table
(SCT)
for CEO
   
Compensation
Actually Paid
(CAP)
to CEO
   
Summary
Compensation
Table
(SCT) for
CEO
   
Compensation
Actually Paid
(CAP)
to CEO
   
Average
SCT Total
for Other
NEOs
(3)
   
Average
CAP to
Other
NEOs
(3)
   
TSR
(HAS)
   
TSR (Russell
1000
Consumer
Discretionary
Index)
   
Net Income
(GAAP)
   
Revenue
 
2023
  $15,110,869   $ 14,122,972       n/a       n/a       n/a       n/a     $ 5,507,043     $ 3,166,764     $ 55.93     $ 147.76     ($ 1,489,300   $ 5,003,326,000  
2022
  $9,443,047   $ 3,460,022     $ 270,000     ($ 574,022     n/a       n/a     $ 7,444,885     $ 2,209,062     $ 60.60     $ 108.23     $ 203,500,000     $ 5,856,700,000  
2021
  n/a     n/a     $ 3,130,233     $ 3,198,778     $ 23,714,681     $ 29,079,175     $ 6,265,507     $ 7,724,029     $ 38.45     $ 164.69     $ 428,700,000     $ 6,420,400,000  
2020
  n/a     n/a       n/a       n/a     $ 16,668,010     $ 6,508,847     $ 9,964,919     $ 7,610,559     $ 91.07     $ 138.64     $ 222,500,000     $ 5,465,400,000  
 
    
2023
(2)
 
Adjustments
(1)
  
CEO
(Cocks)
   
Other
NEOs
(3)
 
Total from Summary Compensation Table
   $ 15,110,869     $ 5,507,043  
Adjustments for defined benefit and actuarial plans
                
Subtract: Pension Value Reported in SCT
   $ 0     $ 152  
Add: Pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the current year
   $ 0     $ 0  
Total Impact: Adjustments for defined benefit and actuarial plans
   $ 0     $ 152  
Adjustments for stock and options awards
                
Subtract: SCT Amounts
   ($ 10,961,054   ($ 3,831,261
Add: Fair value at year-end of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY
   $ 9,972,335     $ 1,907,056  
+/-: Year-over-Year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end
   ($ 184,812   $ 106,685  
Add: Vesting date fair value of awards granted any vesting during such year
   $ 0     $ 0  
+/-: Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during such year
   $ 185,635     $ 118,271  
Subtract: Forfeited Awards
   $ 0     ($ 641,182
Total Impact: Adjustments for stock and option awards
   ($ 987,897   ($ 2,340,431
Compensation Actually Paid (as calculated)
   $ 14,122,972     $ 3,166,764  
 
(1)
The other NEOs were Mr. Cocks (2021), Ms. Thomas (all years), Messrs. Frascotti, Throop & Johnson (2020 and 2021), Mr. Throop (2022), Ms. Williams and Mr. Nyman (2022 and 2023), and Ms. Goetter and Messrs. Kilpin and Sibley (2023)
 
(2)
The following detailed breakdown table describes the adjustments, each of which is prescribed by SEC rule, to calculate the CAP Amount from the Summary Compensation Table (SCT) amount. The SCT Amount and the CAP Amount do not reflect the actual amount of compensation earned by or paid during the applicable year, but rather are amounts determined in accordance with SEC rules contained in Item 402 of Regulation
S-K
under the Exchange Act.
 
(3)
Amounts presented are averages for the entire group of other NEOs.
 
(4)
Total Shareholder Return (TSR) data is calculated based on an initial measurement date of December 29, 2019 and reflects: For 2023 – 4 year (December 29, 2019 – December 31, 2023); 2022 – 3 year (December 29, 2019 – December 25, 2022); for 2021 – 2 year (December 29, 2019 – December 25, 2021); and for 2020 – 1 year (December 29, 2019 – December 27, 2020).
     
Company Selected Measure Name Revenue      
Named Executive Officers, Footnote The other NEOs were Mr. Cocks (2021), Ms. Thomas (all years), Messrs. Frascotti, Throop & Johnson (2020 and 2021), Mr. Throop (2022), Ms. Williams and Mr. Nyman (2022 and 2023), and Ms. Goetter and Messrs. Kilpin and Sibley (2023)      
PEO Actually Paid Compensation Amount $ 14,122,972      
Adjustment To PEO Compensation, Footnote
    
2023
(2)
 
Adjustments
(1)
  
CEO
(Cocks)
   
Other
NEOs
(3)
 
Total from Summary Compensation Table
   $ 15,110,869     $ 5,507,043  
Adjustments for defined benefit and actuarial plans
                
Subtract: Pension Value Reported in SCT
   $ 0     $ 152  
Add: Pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the current year
   $ 0     $ 0  
Total Impact: Adjustments for defined benefit and actuarial plans
   $ 0     $ 152  
Adjustments for stock and options awards
                
Subtract: SCT Amounts
   ($ 10,961,054   ($ 3,831,261
Add: Fair value at year-end of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY
   $ 9,972,335     $ 1,907,056  
+/-: Year-over-Year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end
   ($ 184,812   $ 106,685  
Add: Vesting date fair value of awards granted any vesting during such year
   $ 0     $ 0  
+/-: Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during such year
   $ 185,635     $ 118,271  
Subtract: Forfeited Awards
   $ 0     ($ 641,182
Total Impact: Adjustments for stock and option awards
   ($ 987,897   ($ 2,340,431
Compensation Actually Paid (as calculated)
   $ 14,122,972     $ 3,166,764  
     
Non-PEO NEO Average Total Compensation Amount $ 5,507,043 $ 7,444,885 $ 6,265,507 $ 9,964,919
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,166,764 2,209,062 7,724,029 7,610,559
Adjustment to Non-PEO NEO Compensation Footnote
    
2023
(2)
 
Adjustments
(1)
  
CEO
(Cocks)
   
Other
NEOs
(3)
 
Total from Summary Compensation Table
   $ 15,110,869     $ 5,507,043  
Adjustments for defined benefit and actuarial plans
                
Subtract: Pension Value Reported in SCT
   $ 0     $ 152  
Add: Pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the current year
   $ 0     $ 0  
Total Impact: Adjustments for defined benefit and actuarial plans
   $ 0     $ 152  
Adjustments for stock and options awards
                
Subtract: SCT Amounts
   ($ 10,961,054   ($ 3,831,261
Add: Fair value at year-end of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY
   $ 9,972,335     $ 1,907,056  
+/-: Year-over-Year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end
   ($ 184,812   $ 106,685  
Add: Vesting date fair value of awards granted any vesting during such year
   $ 0     $ 0  
+/-: Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during such year
   $ 185,635     $ 118,271  
Subtract: Forfeited Awards
   $ 0     ($ 641,182
Total Impact: Adjustments for stock and option awards
   ($ 987,897   ($ 2,340,431
Compensation Actually Paid (as calculated)
   $ 14,122,972     $ 3,166,764  
     
Compensation Actually Paid vs. Total Shareholder Return
LOGO
     
Compensation Actually Paid vs. Net Income
LOGO
     
Compensation Actually Paid vs. Company Selected Measure
LOGO
     
Total Shareholder Return Vs Peer Group LOGO      
Tabular List, Table
Financial Performance Measures
The following table lists the most important financial performance measures used to link compensation actually paid to our NEOs for 2023 to Company performance.
 
Performance Measure
 
Primary Measure
 
Short-Term Incentive

Measure
 
Performance Share Award
Performance Measure
Net Revenue
  X   X    
Operating Margin
      X    
Strategic Cost savings
      X    
EPS
          X
ROIC
          X
Relative TSR Modifier
          X
     
Total Shareholder Return Amount $ 55.93 60.6 38.45 91.07
Peer Group Total Shareholder Return Amount 147.76 108.23 164.69 138.64
Net Income (Loss) $ (1,489,300) $ 203,500,000 $ 428,700,000 $ 222,500,000
Company Selected Measure Amount 5,003,326,000 5,856,700,000 6,420,400,000 5,465,400,000
Measure:: 1        
Pay vs Performance Disclosure        
Name Net Revenue      
Measure:: 2        
Pay vs Performance Disclosure        
Name Operating Margin      
Measure:: 3        
Pay vs Performance Disclosure        
Name Strategic Cost savings      
Measure:: 4        
Pay vs Performance Disclosure        
Name EPS      
Measure:: 5        
Pay vs Performance Disclosure        
Name ROIC      
Measure:: 6        
Pay vs Performance Disclosure        
Name Relative TSR Modifier      
Cocks [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 15,110,869 $ 9,443,047    
PEO Actually Paid Compensation Amount $ 14,122,972 $ 3,460,022    
PEO Name Cocks Cocks    
Stoddart [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount   $ 270,000 $ 3,130,233  
PEO Actually Paid Compensation Amount   $ (574,022) $ 3,198,778  
PEO Name   Stoddart Stoddart  
Goldner [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount     $ 23,714,681 $ 16,668,010
PEO Actually Paid Compensation Amount     $ 29,079,175 $ 6,508,847
PEO Name     Goldner Goldner
PEO | Cocks [Member] | Pension Value Reported in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0      
PEO | Cocks [Member] | Pension value attributable to current years service and any change in pension value attributable to plan amendments made in the current year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Cocks [Member] | Adjustments for defined benefit and actuarial plans [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Cocks [Member] | SCT Amounts [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (10,961,054)      
PEO | Cocks [Member] | Fair value at yearend of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 9,972,335      
PEO | Cocks [Member] | change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (184,812)      
PEO | Cocks [Member] | Vesting date fair value of awards granted and vesting during such year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Cocks [Member] | Yearoveryear change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 185,635      
PEO | Cocks [Member] | Forfeited Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Cocks [Member] | Adjustments for stock and option awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (987,897)      
Non-PEO NEO | Pension Value Reported in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 152      
Non-PEO NEO | Pension value attributable to current years service and any change in pension value attributable to plan amendments made in the current year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Adjustments for defined benefit and actuarial plans [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 152      
Non-PEO NEO | SCT Amounts [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (3,831,261)      
Non-PEO NEO | Fair value at yearend of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,907,056      
Non-PEO NEO | change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 106,685      
Non-PEO NEO | Vesting date fair value of awards granted and vesting during such year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Yearoveryear change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 118,271      
Non-PEO NEO | Forfeited Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (641,182)      
Non-PEO NEO | Adjustments for stock and option awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (2,340,431)