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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 30, 2023
Accounting Policies [Abstract] |
Summary of Carrying Amounts and Fair Values of Financial Instruments | The carrying amounts and fair values of the Company’s financial instruments are as follows:
|  | December 30, 2023 |  |  | December 31, 2022 |
|  | Carrying Amount |  |  | Fair Value |  |  | Carrying Amount |  |  | Fair Value |
Cash and cash equivalents |  | $ | 1,693,452 |  |  | $ | 1,693,452 |  |  | $ | 1,279,194 |  |  | $ | 1,279,194 |
Marketable securities |  | $ | 1,399,809 |  |  | $ | 1,399,809 |  |  | $ | 1,381,648 |  |  | $ | 1,381,648 |
Schedule of Inventory | Inventories consisted of the following:
|  | December 30, 2023 |  |  | December 31, 2022 |
Raw materials |  | $ | 493,493 |  |  | $ | 600,858 |
Work-in-process |  |  | 160,919 |  |  |  | 180,873 |
Finished goods |  |  | 691,543 |  |  |  | 733,314 |
Inventories |  | $ | 1,345,955 |  |  | $ | 1,515,045 |
Schedule of Property and Equipment | The components of property and equipment were as follows and are generally depreciated over the following estimated useful lives:
|  | Estimated Useful Life |  | December 30, 2023 |  |  | December 31, 2022 |
Land |  |  |  | $ | 201,287 |  |  | $ | 193,861 |
Building and improvements |  | 15 to 50 years |  |  | 934,837 |  |  |  | 856,722 |
Machinery, equipment and software |  | 3 to 10 years |  |  | 1,118,561 |  |  |  | 1,001,344 |
Total, at cost |  |  |  |  | 2,254,685 |  |  |  | 2,051,927 |
Accumulated depreciation |  |  |  |  | (1,030,588 | ) |  |  | (904,922 | )
Property and equipment, net |  |  |  | $ | 1,224,097 |  |  | $ | 1,147,005 |
Schedule of Intangible Assets | The Company allocates goodwill to reporting units in proportion to the expected benefit from each business combination. Changes in the carrying amount of goodwill for the years ended December 30, 2023 and December 31, 2022 are as follows:
|  | Fitness |  |  | Outdoor |  |  | Aviation |  |  | Marine |  |  | Auto OEM |  |  | Total |
Goodwill balance as of December 25, 2021 |  | $ | 255,872 |  |  | $ | 178,955 |  |  | $ | 60,347 |  |  | $ | 79,906 |  |  | $ | — |  |  | $ | 575,080 |
Acquisitions |  |  | — |  |  |  | 2,518 |  |  |  | — |  |  |  | 7,340 |  |  |  | — |  |  |  | 9,858 |
Foreign currency translation and other adjustments |  |  | (11,570 | ) |  |  | (3,129 | ) |  |  | — |  |  |  | (2,245 | ) |  |  | — |  |  |  | (16,944 | )
Goodwill balance as of December 31, 2022 |  | $ | 244,302 |  |  | $ | 178,344 |  |  | $ | 60,347 |  |  | $ | 85,001 |  |  | $ | — |  |  | $ | 567,994 |
Acquisitions |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 32,014 |  |  |  | — |  |  |  | 32,014 |
Foreign currency translation and other adjustments |  |  | 6,078 |  |  |  | 1,400 |  |  |  | — |  |  |  | 988 |  |  |  | — |  |  |  | 8,466 |
Goodwill balance as of December 30, 2023 |  | $ | 250,380 |  |  | $ | 179,744 |  |  | $ | 60,347 |  |  | $ | 118,003 |  |  | $ | — |  |  | $ | 608,474 |
Schedule of Product Warranty | The following reconciliation presents details of the changes in the Company’s accrued warranty costs:
|  | Fiscal Year Ended |
|  | December 30, 2023 |  |  | December 31, 2022 |  |  | December 25, 2021 |
Balance - beginning of period |  | $ | 50,952 |  |  | $ | 45,467 |  |  | $ | 42,643 |
Accrual for products sold (1) |  |  | 79,637 |  |  |  | 72,821 |  |  |  | 69,810 |
Expenditures |  |  | (74,851 | ) |  |  | (67,336 | ) |  |  | (66,986 | )
Balance - end of period |  | $ | 55,738 |  |  | $ | 50,952 |  |  | $ | 45,467 |
(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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