v3.25.2

Segments (Tables)

6 Months Ended

Jul. 04, 2025

Segment Reporting [Abstract]

Summary of Segment Information

The tables that follow show selected segment financial information including information for prior comparative periods. Unallocated corporate expenses are corporate overhead expenses that are not directly attributable to one of our business segments and include unallocated occupancy costs for our corporate headquarters, acquisition costs, other benefit and compensation programs, including performance-based compensation, and administrative expenses such as accounting, finance, legal, human resources, and information technology expenses.

						For the three months ended												For the six months ended
						July 4, 2025						June 28, 2024						July 4, 2025						June 28, 2024
Net sales
Powered Vehicles Group						$	123,514					$	117,795					$	245,612					$	235,908
Aftermarket Applications Group						114,144						107,129						226,058						208,981
Specialty Sports Group						137,206						123,567						258,224						237,074
Net sales						$	374,864					$	348,491					$	729,894					$	681,963
Net income (loss)						2,705						5,407						(257,029)						1,911
Goodwill impairment						—						—						262,129						—
Provision (benefit) from income taxes						2,800						(371)						(837)						(1,638)
Depreciation and amortization(1)						21,449						20,403						43,188						40,854
Non-cash stock-based compensation						4,562						2,203						7,917						6,109
Litigation and settlement-related expenses						474						1,231						1,191						2,760
Other acquisition and integration-related expenses(2)						723						470						1,340						5,633
Organizational restructuring expenses(3)						3,557						413						5,170						476
Organizational restructuring related losses						392						—						1,090						—
Strategic transformation costs						—						822						20						1,254
Interest and other expense, net						12,631						13,554						24,716						27,192
Adjusted EBITDA						$	49,293					$	44,132					$	88,895					$	84,551
Powered Vehicles Group						16,387						15,889						30,769						31,770
Aftermarket Applications Group						16,016						14,156						33,010						29,026
Specialty Sports Group						30,385						29,214						53,779						53,271
Unallocated corporate expenses						(13,495)						(15,127)						(28,663)						(29,516)
Adjusted EBITDA						$	49,293					$	44,132					$	88,895					$	84,551

(1) Depreciation excludes amortization for purchase accounting property, plant and equipment fair value adjustment.

(2) Represents various acquisition-related costs and expenses incurred to integrate acquired entities into the Company’s operations and the impact of the finished goods inventory valuation adjustment recorded in connection with the purchase of acquired assets, per period as follows:

			For the three months ended												For the six months ended
			July 4, 2025						June 28, 2024						July 4, 2025						June 28, 2024
Acquisition related costs and expenses			$	276					$	470					$	479					$	1,148
Purchase accounting property, plant and equipment fair value adjustment amortization			269						—						519						—
Purchase accounting inventory fair value adjustment amortization			178						—						342						4,485
Other acquisition and integration-related expenses			$	723					$	470					$	1,340					$	5,633

(3) Represents expenses associated with various restructuring initiatives across the organization.

			For the three months ended												For the six months ended
			July 4, 2025						June 28, 2024						July 4, 2025						June 28, 2024
Powered Vehicles Group			$	107,127					$	101,906					$	214,843					$	204,138
Aftermarket Applications Group			98,128						92,973						193,048						179,955
Specialty Sports Group			106,821						94,353						204,445						183,803
Unallocated corporate expenses			13,495						15,127						28,663						29,516
			$	325,571					$	304,359					$	640,999					$	597,412

X

- 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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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