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BUSINESS COMBINATION AND ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2021

Business Acquisition [Line Items]

Summary of reconciles elements of business combination to cash flows

The following table reconciles the elements of the Business Combination to the consolidated statements of cash flows for the year ended December 31, 2021:

		Recapitalization
Cash - Empower's trust and cash (net of redemptions of $99,353 and    transaction costs of $44,314)		$	107,017
Cash - Forward Purchase Agreement			50,000
Cash - PIPE Financing			240,000
Net cash provided by Business Combination and PIPE Financing			397,017
Less: cash consideration paid to Holley Stockholder			(264,718	)
Net contributions from Business Combination and PIPE Financing		$	132,299

Summary of Purchase price allocation of assets acquired and liabilities assumed

The allocation of the purchase price to the assets acquired and liabilities assumed was based on estimates of the fair value of the net assets as follows:

Cash		$	122
Accounts receivable			618
Inventory			3,975
Property, plant and equipment			2,274
Other assets			23
Tradenames			2,608
Customer relationships			2,450
Goodwill			8,087
Accounts payable			(343	)
Accrued liabilities			(129	)
		$	19,685

Summary of pro forma information

The following table presents the supplemental and unaudited pro forma results as if Range, Drake, Simpson and Detroit Speed had been acquired as of January 1, 2019:

	For the years ended
	December 31, 2020				December 31, 2019
Pro forma net sales	$	584,270			$	461,418
Pro forma net income (loss)		37,304				(8,799	)

Baer, Inc. [Member]

Business Acquisition [Line Items]

Summary of Purchase price allocation of assets acquired and liabilities assumed

The allocation of the purchase price to the assets acquired and liabilities assumed was based on estimates of the fair value of the net assets as follows:

Accounts receivable		$	627
Inventory			1,813
Property, plant and equipment			695
Other assets			76
Tradenames			4,630
Customer relationships			6,075
Goodwill			8,363
Accounts payable			(81	)
Accrued liabilities			(28	)
		$	22,170

Brothers Mail Order Industries, Inc. [Member]

Business Acquisition [Line Items]

Summary of Purchase price allocation of assets acquired and liabilities assumed

The allocation of the purchase price to the assets acquired and liabilities assumed was based on estimates of the fair value of the net assets as follows:

Accounts receivable		$	22
Inventory			1,682
Property, plant and equipment			20
Other assets			13
Tradenames			4,975
Goodwill			19,561
Accounts payable			(34	)
Accrued liabilities			(403	)
		$	25,836

Advance Engine Management Inc. [Member]

Business Acquisition [Line Items]

Summary of Purchase price allocation of assets acquired and liabilities assumed

The allocation of the purchase price to the assets acquired and liabilities assumed was based on estimates of the fair value of the net assets as follows:

		April 14, 2021 (as initially reported)				Measurement Period Adjustments				April 14, 2021 (as adjusted)
Accounts receivable		$	3,454			$	(61	)		$	3,393
Inventory			3,892				—				3,892
Property, plant and equipment			1,342				—				1,342
Other assets			493				(91	)			402
Tradenames			10,760				—				10,760
Customer relationships			14,640				—				14,640
Patents			1,970				—				1,970
Technology intangibles			110				—				110
Goodwill			17,426				(420	)			17,006
Accounts payable			(2,032	)			110				(1,922	)
Accrued liabilities			(489	)			139				(350	)
		$	51,566			$	(323	)		$	51,243

Drake Automotive Group LLC [Member]

Business Acquisition [Line Items]

Summary of Purchase price allocation of assets acquired and liabilities assumed

The allocation of the purchase price to the assets acquired and liabilities assumed was based on estimates of the fair value of the net assets as follows:

Cash		$	205
Accounts receivable			3,947
Inventory			14,198
Property, plant and equipment			1,296
Other assets			189
Tradenames			7,715
Customer relationships			17,175
Goodwill			7,551
Accounts payable			(2,524	)
Accrued liabilities			(648	)
		$	49,104

Simpson Performance Products, Inc. [Member]

Business Acquisition [Line Items]

Summary of Purchase price allocation of assets acquired and liabilities assumed

The allocation of the purchase price to the assets acquired and liabilities assumed was based on estimates of the fair value of the net assets as follows:

		November 16, 2020 (as initially reported)				Measurement Period Adjustments				November 16, 2020 (as adjusted)
Cash		$	7,715			$	—			$	7,715
Accounts receivable			3,894				—				3,894
Inventory			19,265				(770	)			18,495
Property, plant and equipment			5,952				—				5,952
Other assets			1,613				—				1,613
Tradenames			23,980				—				23,980
Customer relationships			28,770				—				28,770
Patents			2,720				—				2,720
Goodwill			51,305				(893	)			50,412
Accounts payable			(2,483	)			—				(2,483	)
Accrued liabilities			(7,787	)			361				(7,426	)
Deferred tax liability			(12,993	)			1,375				(11,618	)
Debt			(4,615	)			—				(4,615	)
		$	117,336			$	73			$	117,409

Detroit Speed, Inc. [Member]

Business Acquisition [Line Items]

Summary of Purchase price allocation of assets acquired and liabilities assumed

The allocation of the purchase price to the assets acquired and liabilities assumed was based on estimates of the fair value of the net assets as follows:

		November 16, 2020 (as initially reported)				Measurement Period Adjustments				November 16, 2020 (as adjusted)
Cash		$	1,784			$	—			$	1,784
Accounts receivable			418				—				418
Inventory			3,478				(324	)			3,154
Property, plant and equipment			3,040				—				3,040
Other assets			215				—				215
Tradenames			1,127				—				1,127
Customer relationships			560				—				560
Goodwill			2,636				159				2,795
Accounts payable			(668	)			—				(668	)
Accrued liabilities			(1,019	)			500				(519	)
Deferred tax liability			(274	)			—				(274	)
		$	11,297			$	335			$	11,632

Range Technologies Inc. [Member]

Business Acquisition [Line Items]

Summary of Purchase price allocation of assets acquired and liabilities assumed

The allocation of the purchase price to the assets acquired and liabilities assumed was based on estimates of the fair value of the net assets as follows:

Cash		$	218
Accounts receivable			94
Inventory			231
Property, plant and equipment			7
Other assets			60
Tradename			510
Technology intangible			5,695
Goodwill			2,072
Accounts payable			(64	)
Accrued liabilities			(4	)
Deferred tax liability			(1,580	)
		$	7,239

Baer, Brothers, AEM, Drake, Simpson and Detroit Speed [Member]

Business Acquisition [Line Items]

Summary of pro forma information

The following table provides the unaudited consolidated pro forma results for the periods presented as if Baer, Brothers, AEM, Drake, Simpson, and Detroit Speed had been acquired as of January 1, 2020.

	For the years ended
	December 31, 2021				December 31, 2020
Pro forma net sales	$	727,369			$	631,560
Pro forma net income (loss)		(8,464	)			31,435

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