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Business Combination and Acquisitions Business Combination (Tables)

9 Months Ended

12 Months Ended

Sep. 26, 2021

Dec. 31, 2020

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 condensed consolidated statements of cash flows for the 39-week period ended September 26, 2021:

		Recapitalization
Cash - Empower’s trust and cash (net of redemptions of $99,353 and transaction costs of $44,314)		$	107,042
Cash - Forward Purchase Agreement			50,000
Cash - PIPE Financing			240,000
Net cash provided by Business Combination and PIPE Financing			397,042
Less: cash consideration paid to Holley Stockholder			(264,718	)
Net contributions from Business Combination and PIPE Financing		$	132,324

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

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				843				52,148
Accounts payable			(2,483	)			—				(2,483	)
Accrued liabilities			(7,787	)			—				(7,787	)
Deferred tax liability			(12,993	)			—				(12,993	)
Debt			(4,615	)			—				(4,615	)
		$	117,336			$	73			$	117,409

The preliminary 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		$	7,715
Accounts receivable			3,894
Inventory			19,265
Property, plant and equipment			5,952
Other assets			1,613
Tradenames			23,980
Customer relationships			28,770
Patents			2,720
Goodwill			51,305
Accounts payable			(2,483	)
Accrued liabilities			(7,787	)
Deferred tax liability			(12,993	)
Debt			(4,615	)
		$	117,336

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:

Cash		$	1,784
Accounts receivable			418
Inventory			3,478
Property, plant and equipment			3,040
Other assets			215
Tradenames			1,127
Customer relationships			560
Goodwill			2,636
Accounts payable			(668	)
Accrued liabilities			(1,019	)
Deferred tax liability			(274	)
		$	11,297

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		$	1,784
Accounts receivable			418
Inventory			3,478
Property, plant and equipment			3,040
Other assets			215
Tradenames			1,127
Customer relationships			560
Goodwill			2,636
Accounts payable			(668	)
Accrued liabilities			(1,019	)
Deferred tax liability			(274	)
		$	11,297

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

Summary of pro forma information

The following table provides the unaudited consolidated pro forma results for the periods presented as if AEM had been acquired as of January 1, 2020.

		For the thirteen weeks ended								For the thirty-nine weeks ended
		September 26,				September 27,				September 26,				September 27,
		2021				2020				2021				2020
Pro forma net sales		$	159,673			$	140,195			$	521,836			$	384,237
Pro forma net income			(30,200	)			15,045				(6,906	)			33,195

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 taxes			(1,580	)
		$	7,239

HPI [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		$	7,981
Accounts receivable			24,740
Inventory			109,507
Property, plant and equipment			29,313
Other assets			2,987
Tradenames			118,235
Customer relationship			157,255
Technology intangible			4,880
Goodwill			233,090
Accounts payable			(14,098	)
Accrued liabilities			(17,148	)
Deferred taxes			(56,885	)
		$	599,857

HPI And Range [Member]

Business Acquisition [Line Items]

Summary of pro forma information

The following table presents the supplemental and unaudited pro forma results as if HPI and Range had been acquired as of January 1, 2018:

		2019				2018
Pro forma net sales		$	373,459			$	378,287
Pro forma net income (loss)			7,032				(30,225	)

Range Drake Simpson And Detroit Speed [Member]

Business Acquisition [Line Items]

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:

		2020				2019
Pro forma net sales		$	584,270			$	461,418
Pro forma net income (loss)			37,304				(8,799	)

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