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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedules of Concentration of Risk, by Risk Factor

The following table summarizes the Company’s customers that represented 10% or more of accounts receivable, net:

			As of December 31,
			2023						2022
Customer A			22.4		%				15.1		%
Customer B			16.7						*
Customer C			*						19.8

* Represents less than 10%

The following table summarizes the Company’s customers that represented 10% or more of net sales:

			Year Ended December 31,
			2023						2022						2021
Customer A			19.9		%				17.0		%				16.0		%
Customer B			10.0						*						*
Customer C			14.8						15.7						16.1
Customer D			*						10.2						*

* Represents less than 10%

Accounts Receivable, Allowance for Credit Loss

Below is a rollforward of the Company’s allowance for credit losses:

			December 31,
			2023						2022						2021
			(in thousands)
Beginning balance			$	6,998					$	1,783					$	1,422
Provision for credit losses			4,474						8,965						7,913
Write-offs and other adjustments			(3,247)						(3,750)						(7,552)
Ending balance			$	8,225					$	6,998					$	1,783

Schedule of Deferred Purchase Price Receivable

The following table summarizes the activity related to the DPP receivable:

			As of December 31,
			2023						2022
			(in thousands)
Beginning balance			$	22,294					$	—
Non-cash addition to DPP receivable			—						64,710
Cash collected on DPP receivable			(16,777)						(42,416)
Non-cash adjustments			(5,517)						—
Ending balance			$	—					$	22,294

Property, Plant and Equipment

The estimated useful lives of the Company’s property and equipment are as follows:

Molds and tooling			3 years
Computer and software			3 - 7 years
Displays			2 years
Equipment			5 years
Furniture and fixtures			7 years
Leasehold improvements			Shorter of remaining lease term or estimated useful life

Net sales by geographical region can be found in the disaggregation of net sales within this Note 2 above. The following table presents the Company’s property and equipment, net of depreciation and amortization, by geographic region: 

			As of December 31,
			2023						2022
			(in thousands)
United States			$	60,644					$	74,054
China			92,931						55,170
Rest of World			12,677						8,117
Total property and equipment, net			$	166,252					$	137,341

Property and equipment, net consisted of the following:

			As of December 31,
			2023						2022
			(in thousands)
Molds and tooling			$	286,305					$	209,984
Computer and software			100,225						88,483
Displays			91,074						90,722
Equipment			19,391						14,653
Furniture and fixtures			10,614						11,418
Leasehold improvements			36,061						31,315
Total property and equipment			543,670						446,575
Less: accumulated depreciation and amortization			(389,689)						(322,022)
Construction in progress			12,271						12,788
Property and equipment, net			$	166,252					$	137,341

Schedule of Finite-Lived Intangible Assets

The estimated useful lives of the Company’s intangible assets are as follows:

Developed technology			12 years
Patents			10 years
Customer relationships			9 years
Trade names and trademarks			Indefinite and assessed annually for impairment

Intangible assets consisted of the following as of December 31, 2023:

			Gross  Carrying Value						Accumulated Amortization						Net Carrying Value						Weighted-Average Remaining Useful Life
			(in thousands)																		(in years)
Intangible assets subject to amortization:
Customer relationships			$	143,083					$	(99,363)					$	43,720					2.8
Patents			57,436						(24,763)						32,673						5.4
Developed technology			22,677						(5,953)						16,724						8.3
Total intangible assets subject to amortization			$	223,196					$	(130,079)					$	93,117
Intangible assets not subject to amortization:
Trade name and trademarks			$	384,699					$	—					$	384,699					Indefinite
Total intangible assets, net			$	607,895					$	(130,079)					$	477,816

Intangible assets consisted of the following as of December 31, 2022:

			Gross Carrying Value						Accumulated Amortization						Net Carrying Value						Weighted-Average Remaining Useful Life
			(in thousands)																		(in years)
Intangible assets subject to amortization:
Customer relationships			$	143,083					$	(83,465)					$	59,618					3.8
Patents			52,695						(19,874)						32,821						6.2
Developed technology			21,381						(5,151)						16,230						9.2
Total intangible assets subject to amortization			$	217,159					$	(108,490)					$	108,669
Intangible assets not subject to amortization:
Trade name and trademarks			$	384,040					$	—					$	384,040					Indefinite
Total intangible assets, net			$	601,199					$	(108,490)					$	492,709

Disaggregation of Revenue

The following table summarizes net sales by region based on the billing address of customers:

			Year Ended December 31,
			2023												2022												2021
			Amount						Percentage of Net Sales						Amount						Percentage of Net Sales						Amount						Percentage of Net Sales
			(in thousands, except percentages)
North America(1)			$	3,018,038					71.0		%				$	2,922,680					78.6		%				$	2,954,327					79.3		%
Europe(2)			1,072,766						25.2						629,364						16.9						610,942						16.4
Rest of World			162,906						3.8						165,322						4.5						161,725						4.3
Total net sales			$	4,253,710					100.0		%				$	3,717,366					100.0		%				$	3,726,994					100.0		%

(1) Net sales from the United States represented 65.4%, 72.8% and 74.5% of total net sales for the years ended December 31, 2023, 2022 and 2021, respectively.

(2) Net sales from the United Kingdom (“UK”) represented 19.7%, 14.3% and 14.1% of total net sales for the years ended December 31, 2023, 2022 and 2021, respectively.

The following table presents net sales by brand:

			Year Ended December 31,
			2023												2022												2021
			Amount						Percentage of Net Sales						Amount						Percentage of Net Sales						Amount						Percentage of Net Sales
			(in thousands, except percentages)
Shark			$	2,158,460					50.7		%				$	2,047,972					55.1		%				$	2,005,183					53.8		%
Ninja			2,095,250						49.3						1,669,394						44.9						1,721,811						46.2
Total net sales			$	4,253,710					100.0		%				$	3,717,366					100.0		%				$	3,726,994					100.0		%

The following table presents net sales by product category:

			Year Ended December 31,
			2023												2022												2021
			Amount						Percentage of Net Sales						Amount						Percentage of Net Sales						Amount						Percentage of Net Sales
			(in thousands, except percentages)
Cleaning Appliances			$	1,819,465					42.8		%				$	1,931,732					52.0		%				$	1,949,950					52.3		%
Cooking and Beverage Appliances			1,441,634						33.9						1,078,610						29.0						1,173,365						31.5
Food Preparation Appliances			653,615						15.3						590,438						15.9						548,447						14.7
Other			338,996						8.0						116,586						3.1						55,232						1.5
Total net sales			$	4,253,710					100.0		%				$	3,717,366					100.0		%				$	3,726,994					100.0		%

Schedule of Product Warranty Liability

Product warranty liabilities and changes were as follows:

			Year Ended December 31,
			2023						2022						2021
			(in thousands)
Beginning balance			$	20,958					$	17,828					$	18,157
Accruals for warranties issued			36,894						21,210						22,147
Changes in liability for pre-existing warranties			928						5,964						(4,555)
Settlements made			(30,690)						(24,044)						(17,921)
Ending balance			$	28,090					$	20,958					$	17,828

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