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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 25, 2021

Accounting Policies [Abstract]

Schedule of Inventory

If actual market conditions are less favorable than those projected by management, additional inventory write-downs may be required. Inventories consisted of the following:

		December 25, 2021				December 26, 2020
Raw materials		$	509,435			$	282,287
Work-in-process			213,801				147,821
Finished goods			504,373				331,976
Inventories		$	1,227,609			$	762,084

Schedule of Property and Equipment

Property and equipment is recorded at cost and typically depreciated using the straight-line method. The components of property and equipment were as follows and are generally depreciated over the following estimated useful lives:

		Estimated Useful Life		December 25, 2021				December 26, 2020
Land				$	206,895			$	124,654
Building and improvements		15 to 50 years			763,654				662,753
Machinery, equipment and software		3 to 10 years			917,557				800,410
Total, at cost					1,888,106				1,587,817
Accumulated depreciation					(820,628	)			(732,278	)
Property and equipment, net				$	1,067,478			$	855,539

Schedule of Intangible Assets

The Company’s excess purchase cost over fair value of net assets acquired (goodwill) was $575,080 at December 25, 2021, and $584,210 at December 26, 2020. Changes in the carrying amount of goodwill for the years ended December 25, 2021 and December 26, 2020 are as follows:

		Fitness				Outdoor				Aviation				Marine				Auto				Total
Goodwill balance as of December 28, 2019		$	192,758			$	55,934			$	60,571			$	79,480			$	78,365			$	467,108
Acquisitions			59,728				29,771				—				—				—				89,499
Foreign currency translation and other adjustments			19,963				2,953				(224	)			3,122				1,789				27,603
Goodwill balance as of December 26, 2020		$	272,449			$	88,658			$	60,347			$	82,602			$	80,154			$	584,210
Acquisitions			—				14,152				—				—				—				14,152
Foreign currency translation and other adjustments			(16,577	)			(2,416	)			—				(2,696	)			(1,593	)			(23,282	)
Goodwill balance as of December 25, 2021		$	255,872			$	100,394			$	60,347			$	79,906			$	78,561			$	575,080

Schedule of Dividends Payable

On June 4, 2021, the shareholders approved a dividend of $2.68 per share (of which, $1.34 was paid in the Company’s 2021 fiscal year) payable in four equal installments on dates determined by the Board of Directors. The dates determined by the Board were as follows:

Dividend Date		Record Date		$s per share
June 30, 2021		June 15, 2021		$	0.67
September 30, 2021		September 15, 2021		$	0.67
December 31, 2021		December 15, 2021		$	0.67
March 31, 2022		March 15, 2022		$	0.67

On June 5, 2020, the shareholders approved a dividend of $2.44 per share (of which, $1.22 was paid in the Company’s 2020 fiscal year) payable in four equal installments on dates determined by the Board of Directors. The dates determined by the Board were as follows:

Dividend Date		Record Date		$s per share
June 30, 2020		June 15, 2020		$	0.61
September 30, 2020		September 15, 2020		$	0.61
December 31, 2020		December 15, 2020		$	0.61
March 31, 2021		March 15, 2021		$	0.61

On June 7, 2019, the shareholders approved a dividend of $2.28 per share (of which, $1.14 was paid in the Company’s 2019 fiscal year) payable in four equal installments on dates determined by the Board of Directors. The dates determined by the Board were as follows:

Dividend Date		Record Date		$s per share
June 28, 2019		June 17, 2019		$	0.57
September 30, 2019		September 16, 2019		$	0.57
December 31, 2019		December 16, 2019		$	0.57
March 31, 2020		March 16, 2020		$	0.57

Schedule of Product Warranty

The following reconciliation presents details of the changes in the Company’s accrued warranty costs:

		Fiscal Year Ended
		December 25, 2021				December 26, 2020				December 28, 2019
Balance - beginning of period		$	42,643			$	39,758			$	38,276
Accrual for products sold (1)			69,810				67,028				58,092
Expenditures			(66,986	)			(64,143	)			(56,610	)
Balance - end of period		$	45,467			$	42,643			$	39,758

(1) Changes in cost estimates related to pre-existing warranties were not material and aggregated with accruals for new warranty contracts in the ‘accrual for products sold’ line. 

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