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Segment Information and Geographic Data (Tables) | 6 Months Ended
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Jun. 28, 2025
Segment Reporting [Abstract] |
Schedule of Net Sales (Revenue), Gross Profit, and Operating Income | Net sales (“revenue”), cost of goods sold, gross profit, significant segment expenses, and operating income (loss) for each of the Company’s five reportable segments are presented below.
|  | Fitness |  |  | Outdoor |  |  | Aviation |  |  | Marine |  |  | Auto OEM |  |  | Total |
13-Weeks Ended June 28, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 605,425 |  |  | $ | 490,357 |  |  | $ | 249,366 |  |  | $ | 299,262 |  |  | $ | 170,154 |  |  | $ | 1,814,564 |
Cost of goods sold |  |  | 240,755 |  |  |  | 165,928 |  |  |  | 63,894 |  |  |  | 134,924 |  |  |  | 142,051 |  |  |  | 747,552 |
Gross profit |  |  | 364,670 |  |  |  | 324,429 |  |  |  | 185,472 |  |  |  | 164,338 |  |  |  | 28,103 |  |  |  | 1,067,012 |
Research and development expense |  |  | 52,696 |  |  |  | 66,997 |  |  |  | 85,126 |  |  |  | 46,920 |  |  |  | 24,924 |  |  |  | 276,663 |
Selling, general and administrative expenses |  |  | 114,344 |  |  |  | 99,551 |  |  |  | 36,963 |  |  |  | 54,497 |  |  |  | 12,699 |  |  |  | 318,054 |
Operating income (loss) |  |  | 197,630 |  |  |  | 157,881 |  |  |  | 63,383 |  |  |  | 62,921 |  |  |  | (9,520 | ) |  |  | 472,295 |
13-Weeks Ended June 29, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 428,404 |  |  | $ | 439,872 |  |  | $ | 218,253 |  |  | $ | 272,953 |  |  | $ | 147,189 |  |  | $ | 1,506,671 |
Cost of goods sold |  |  | 183,156 |  |  |  | 155,658 |  |  |  | 56,887 |  |  |  | 125,166 |  |  |  | 122,913 |  |  |  | 643,780 |
Gross profit |  |  | 245,248 |  |  |  | 284,214 |  |  |  | 161,366 |  |  |  | 147,787 |  |  |  | 24,276 |  |  |  | 862,891 |
Research and development expense |  |  | 45,024 |  |  |  | 58,892 |  |  |  | 77,894 |  |  |  | 39,362 |  |  |  | 21,979 |  |  |  | 243,151 |
Selling, general and administrative expenses |  |  | 92,614 |  |  |  | 89,730 |  |  |  | 32,987 |  |  |  | 48,533 |  |  |  | 13,849 |  |  |  | 277,713 |
Operating income (loss) |  |  | 107,610 |  |  |  | 135,592 |  |  |  | 50,485 |  |  |  | 59,892 |  |  |  | (11,552 | ) |  |  | 342,027 |
26-Weeks Ended June 28, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 990,147 |  |  | $ | 928,853 |  |  | $ | 472,481 |  |  | $ | 618,699 |  |  | $ | 339,483 |  |  | $ | 3,349,663 |
Cost of goods sold |  |  | 405,334 |  |  |  | 321,889 |  |  |  | 119,107 |  |  |  | 270,428 |  |  |  | 281,348 |  |  |  | 1,398,106 |
Gross profit |  |  | 584,813 |  |  |  | 606,964 |  |  |  | 353,374 |  |  |  | 348,271 |  |  |  | 58,135 |  |  |  | 1,951,557 |
Research and development expense |  |  | 103,153 |  |  |  | 130,060 |  |  |  | 169,324 |  |  |  | 90,907 |  |  |  | 51,339 |  |  |  | 544,783 |
Selling, general and administrative expenses |  |  | 206,316 |  |  |  | 190,236 |  |  |  | 72,311 |  |  |  | 107,579 |  |  |  | 25,213 |  |  |  | 601,655 |
Operating income (loss) |  |  | 275,344 |  |  |  | 286,668 |  |  |  | 111,739 |  |  |  | 149,785 |  |  |  | (18,417 | ) |  |  | 805,119 |
26-Weeks Ended June 29, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 771,296 |  |  | $ | 806,065 |  |  | $ | 435,108 |  |  | $ | 599,689 |  |  | $ | 276,162 |  |  | $ | 2,888,320 |
Cost of goods sold |  |  | 331,246 |  |  |  | 279,112 |  |  |  | 111,116 |  |  |  | 272,650 |  |  |  | 229,166 |  |  |  | 1,223,290 |
Gross profit |  |  | 440,050 |  |  |  | 526,953 |  |  |  | 323,992 |  |  |  | 327,039 |  |  |  | 46,996 |  |  |  | 1,665,030 |
Research and development expense |  |  | 88,814 |  |  |  | 115,562 |  |  |  | 155,541 |  |  |  | 78,398 |  |  |  | 47,371 |  |  |  | 485,686 |
Selling, general and administrative expenses |  |  | 175,493 |  |  |  | 168,848 |  |  |  | 65,832 |  |  |  | 101,058 |  |  |  | 27,676 |  |  |  | 538,907 |
Operating income (loss) |  |  | 175,743 |  |  |  | 242,543 |  |  |  | 102,619 |  |  |  | 147,583 |  |  |  | (28,051 | ) |  |  | 640,437 |
Schedule of Net Sales to External Customers by Geographic Region | Net sales to external customers by geographic region for the 13-week and 26-week periods ended June 28, 2025 and June 29, 2024 are presented below. Note that Americas includes North America and South America, EMEA includes Europe, the Middle East and Africa, and APAC includes Asia Pacific and Australian Continent.
|  | 13-Weeks Ended |  |  | 26-Weeks Ended |
|  | June 28, 2025 |  |  | June 29, 2024 |  |  | June 28, 2025 |  |  | June 29, 2024 |
Americas (1) |  | $ | 878,014 |  |  | $ | 740,577 |  |  | $ | 1,623,747 |  |  | $ | 1,456,694 |
EMEA |  |  | 677,402 |  |  |  | 542,016 |  |  |  | 1,246,355 |  |  |  | 1,005,399 |
APAC |  |  | 259,148 |  |  |  | 224,078 |  |  |  | 479,561 |  |  |  | 426,227 |
Net sales to external customers |  | $ | 1,814,564 |  |  | $ | 1,506,671 |  |  | $ | 3,349,663 |  |  | $ | 2,888,320 |
(1) The United States is the only country which constitutes greater than 10% of net sales to external customers. |

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