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Segment Information and Geographic Data (Tables) | 6 Months Ended
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Jun. 25, 2022
Segment Reporting [Abstract] |
Schedule of Net Sales (Revenue), Gross Profit, and Operating Income | Net sales (“revenue”), gross profit, and operating income for each of the Company’s five reported segments are presented below, along with supplemental financial information for the auto OEM and consumer auto operating segments that management believes is useful.
|  |  |  |  |  |  |  |  |  |  |  |  |  | Auto |  |  |  |
|  | Fitness |  |  | Outdoor |  |  | Aviation |  |  | Marine |  |  | Total Auto |  |  | Consumer Auto |  |  | Auto OEM |  |  | Total |
13-Weeks Ended June 25, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 272,095 |  |  | $ | 381,915 |  |  | $ | 204,739 |  |  | $ | 242,794 |  |  | $ | 139,290 |  |  | $ | 80,328 |  |  | $ | 58,962 |  |  | $ | 1,240,833 |
Gross profit |  |  | 134,016 |  |  |  | 253,255 |  |  |  | 147,931 |  |  |  | 137,406 |  |  |  | 56,218 |  |  |  | 37,253 |  |  |  | 18,965 |  |  |  | 728,826 |
Operating income (loss) |  |  | 23,462 |  |  |  | 154,250 |  |  |  | 61,745 |  |  |  | 68,619 |  |  |  | (15,336 | ) |  |  | 9,121 |  |  |  | (24,457 | ) |  |  | 292,740 |
13-Weeks Ended June 26, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 413,201 |  |  | $ | 323,405 |  |  | $ | 180,832 |  |  | $ | 261,790 |  |  | $ | 147,677 |  |  | $ | 86,278 |  |  | $ | 61,399 |  |  | $ | 1,326,905 |
Gross profit |  |  | 225,192 |  |  |  | 208,158 |  |  |  | 131,934 |  |  |  | 152,609 |  |  |  | 62,958 |  |  |  | 42,261 |  |  |  | 20,697 |  |  |  | 780,851 |
Operating income (loss) |  |  | 113,733 |  |  |  | 120,843 |  |  |  | 51,126 |  |  |  | 91,091 |  |  |  | (5,621 | ) |  |  | 16,355 |  |  |  | (21,976 | ) |  |  | 371,172 |
26-Weeks Ended June 25, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 492,992 |  |  | $ | 766,519 |  |  | $ | 379,505 |  |  | $ | 496,863 |  |  | $ | 277,617 |  |  | $ | 145,458 |  |  | $ | 132,159 |  |  | $ | 2,413,496 |
Gross profit |  |  | 240,205 |  |  |  | 500,751 |  |  |  | 275,474 |  |  |  | 265,987 |  |  |  | 108,889 |  |  |  | 68,213 |  |  |  | 40,676 |  |  |  | 1,391,306 |
Operating income (loss) |  |  | 24,043 |  |  |  | 303,229 |  |  |  | 101,871 |  |  |  | 127,501 |  |  |  | (35,347 | ) |  |  | 12,953 |  |  |  | (48,300 | ) |  |  | 521,297 |
26-Weeks Ended June 26, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 721,326 |  |  | $ | 579,859 |  |  | $ | 354,721 |  |  | $ | 471,163 |  |  | $ | 272,163 |  |  | $ | 148,673 |  |  | $ | 123,490 |  |  | $ | 2,399,232 |
Gross profit |  |  | 398,737 |  |  |  | 379,833 |  |  |  | 258,116 |  |  |  | 273,989 |  |  |  | 111,732 |  |  |  | 74,225 |  |  |  | 37,507 |  |  |  | 1,422,407 |
Operating income (loss) |  |  | 184,415 |  |  |  | 212,854 |  |  |  | 96,140 |  |  |  | 153,997 |  |  |  | (26,575 | ) |  |  | 25,393 |  |  |  | (51,968 | ) |  |  | 620,831 |
Schedule of Net Sales to External Customers by Geographic Region | Net sales to external customers by geographic region were as follows for the 13-week and 26-week periods ended June 25, 2022 and June 26, 2021. Note that APAC includes Asia Pacific and Australian Continent and EMEA includes Europe, the Middle East and Africa:
|  | 13-Weeks Ended |  |  | 26-Weeks Ended |
|  | June 25, 2022 |  |  | June 26, 2021 |  |  | June 25, 2022 |  |  | June 26, 2021 |
Americas |  | $ | 646,172 |  |  | $ | 646,393 |  |  | $ | 1,216,807 |  |  | $ | 1,150,085 |
EMEA |  |  | 412,550 |  |  |  | 488,724 |  |  |  | 810,027 |  |  |  | 888,232 |
APAC |  |  | 182,111 |  |  |  | 191,788 |  |  |  | 386,662 |  |  |  | 360,915 |
Net sales to external customers |  | $ | 1,240,833 |  |  | $ | 1,326,905 |  |  | $ | 2,413,496 |  |  | $ | 2,399,232 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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