v3.26.1
Segments (Tables)
 6 Months Ended
Jul. 03, 2026
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 endedFor the six months ended
July 3, 2026July 4, 2025July 3, 2026July 4, 2025
Net sales
Powered Vehicles Group$124,227 $123,514 $267,606 $245,612 
Aftermarket Applications Group109,553 114,144 224,337 226,058 
Specialty Sports Group124,342 137,206 234,836 258,224 
Net sales$358,122 $374,864 $726,779 $729,894 
Adjusted EBITDA
Powered Vehicles Group15,820 16,387 38,376 30,769 
Aftermarket Applications Group16,155 16,016 27,556 33,010 
Specialty Sports Group27,687 30,385 45,142 53,779 
$59,662 $62,788 $111,074 $117,558 
Reconciliation of segment adjusted EBITDA
Unallocated corporate expenses(14,202)(13,495)(29,914)(28,663)
Goodwill impairment— — — (262,129)
Depreciation and amortization(1)
(20,568)(21,449)(41,184)(43,188)
Loss on divestiture(618)— (10,612)— 
Non-cash stock-based compensation(3,372)(4,562)(7,492)(7,917)
Litigation and settlement-related expenses(114)(474)(308)(1,191)
Other acquisition and integration-related expenses(2)
(33)(739)(218)(1,356)
Organizational restructuring expenses(3)
(253)(3,933)(2,374)(6,244)
Strategic transformation costs(4)
(2,832)— (5,467)(20)
Interest and other expense, net(11,362)(12,631)(22,829)(24,716)
Consolidated income (loss) before income taxes$6,308 $5,505 $(9,324)$(257,866)

(1) Depreciation excludes amortization for purchase accounting property, plant and equipment fair value adjustment and accelerated depreciation related to organizational restructuring initiatives.
(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.
(3) Represents expenses associated with various restructuring initiatives intended to improve operational efficiency, realign resources, and support the Company’s long-term strategic objectives, including employee severance, relocation expenses, and consulting and advisory fees.
(4) Represents third-party consulting, advisory and other direct costs incurred in connection with the Company’s multi-phase profit optimization and transformation program and its review of strategic alternatives for non-core assets.
The CODM relies on adjusted EBITDA for assessing performance and allocating resources across segments. On a regular basis, the CODM reviews budget-to-actual variances for adjusted EBITDA to guide capital and personnel distribution. During the annual budgeting and forecasting process, segment adjusted EBITDA is used by the CODM to measure segment performance and to allocate resources such as employees, financial assets, or capital. Additionally, adjusted EBITDA is reviewed by the CODM in evaluating the efficiency of cost management strategies within each segment, ensuring that financial and operational resources are optimized and aligned with the Company's overall strategic objectives. No expense details by segment are regularly provided to the CODM, and accordingly, no significant segment expenses have been disclosed. The CODM reviews consolidated expense information.
The following table presents the Company’s other segment items that consist of costs of sales and operating expenses excluding goodwill impairment, intangible and long-lived asset impairment, depreciation and amortization, non-cash stock-based compensation, litigation and settlement-related expenses, other acquisition and integration-related expenses, organizational restructuring-related expenses, and strategic transformation costs, which represent the computable difference between segment net sales and segment adjusted EBITDA.
For the three months endedFor the six months ended
July 3, 2026July 4, 2025July 3, 2026July 4, 2025
Powered Vehicles Group$108,407 $107,127 $229,230 $214,843 
Aftermarket Applications Group$93,398 $98,128 $196,781 $193,048 
Specialty Sports Group$96,655 $106,821 $189,694 $204,445