FOX FACTORY HOLDING CORP, 10-K filed on 2/27/2026
Annual Report
v3.25.4
Cover page - USD ($)
 12 Months Ended
Jan. 02, 2026
Feb. 19, 2026
Jul. 04, 2025
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Current Fiscal Year End Date --01-02    
Document Period End Date Jan. 02, 2026    
Document Transition Report false    
Entity File Number 001-36040    
Entity Registrant Name Fox Factory Holding Corp.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 26-1647258    
Entity Address, Address Line One 2055 Sugarloaf Circle, Suite 300    
Entity Address, City or Town Duluth    
Entity Address, State or Province GA    
Entity Address, Postal Zip Code 30097    
City Area Code 831    
Local Phone Number 274-6500    
Title of 12(b) Security Common Stock, par value $0.001 per share    
Trading Symbol FOXF    
Security Exchange Name NASDAQ    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Entity Shell Company false    
Entity Public Float     $ 736,414,775
Entity Common Stock, Shares Outstanding   41,802,281  
Documents Incorporated by Reference
Portions of the registrant’s Definitive Proxy Statement for the 2026 Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission pursuant to Regulation 14A not later than 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K are incorporated by reference in Part III, Items 10-14 of this Annual Report on Form 10-K.
    
Document Financial Statement Error Correction false    
Amendment Flag false    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Entity Central Index Key 0001424929    
Auditor Name GRANT THORNTON LLP    
Auditor Location San Jose, California    
Auditor Firm ID 248    
v3.25.4
Audit Information
 12 Months Ended
Jan. 02, 2026
Audit Information [Abstract]  
Auditor Name GRANT THORNTON LLP
Auditor Location San Jose, California
Auditor Firm ID 248
v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 02, 2026
Jan. 03, 2025
Current assets:    
Cash and cash equivalents $ 58,008 $ 71,674
Accounts receivable (net of allowances of $2,881 and $1,848 at January 2, 2026 and January 3, 2025, respectively) 190,670 165,827
Inventory 388,635 404,736
Prepaids and other current assets 108,424 85,443
Total current assets 745,737 727,680
Property, plant and equipment, net 234,635 246,393
Lease right-of-use assets 99,002 104,019
Deferred tax assets 90,397 46,842
Goodwill 83,575 639,505
Finite-lived intangible assets 399,418 448,865
Other assets 18,985 21,484
Total assets 1,671,749 2,234,788
Current liabilities:    
Accounts payable 141,378 135,802
Accrued expenses 92,095 99,692
Current portion of long-term debt 26,875 24,286
Total current liabilities 260,348 259,780
Revolver 150,000 153,000
Term Loan, less current portion 496,663 527,775
Other liabilities 94,733 93,089
Total liabilities 1,001,744 1,033,644
Commitments and contingent liabilities (Refer to Note 12. Commitments and Contingent Liabilities)
Non-controlling interest (179) (38)
Stockholders’ equity    
Preferred stock, $0.001 par value — 10,000 authorized and no shares issued or outstanding as of January 2, 2026 and January 3, 2025 0 0
Common stock, $0.001 par value — 90,000 authorized; 42,692 shares issued and 41,802 outstanding as of January 2, 2026; 42,574 shares issued and 41,684 outstanding as of January 3, 2025 42 42
Additional paid-in capital 352,239 339,266
Treasury stock, at cost; 890 common shares as of January 2, 2026 and January 3, 2025 (13,754) (13,754)
Accumulated other comprehensive income (“AOCI”) 832 224
Retained earnings 330,825 875,404
Total stockholders’ equity 670,184 1,201,182
Total liabilities and stockholders’ equity 1,671,749 2,234,788
Trademarks and brands    
Current assets:    
Finite-lived intangible assets 241,820 264,126
Customer and distributor relationships    
Current assets:    
Finite-lived intangible assets 137,648 161,585
Core technologies    
Current assets:    
Finite-lived intangible assets $ 19,950 $ 23,154
v3.25.4
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Jan. 02, 2026
Jan. 03, 2025
Statement of Financial Position [Abstract]    
Accounts receivable, allowance for doubtful accounts $ 2,881 $ 1,848
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized 10,000,000 10,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized 90,000,000 90,000,000
Common stock, shares issued 42,692,000 42,574,000
Common stock, shares outstanding 41,802,000 41,684,000
Treasury stock, common shares (in shares) 890,000 890,000
v3.25.4
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Income Statement [Abstract]      
Net sales $ 1,467,321 $ 1,393,921 $ 1,464,178
Cost of sales 1,024,074 970,345 999,366
Gross profit 443,247 423,576 464,812
Operating expenses:      
Goodwill impairment 557,307 0 0
Sales and marketing 132,058 121,207 100,451
Research and development 69,441 60,314 53,179
General and administrative 151,827 139,857 124,582
Amortization of purchased intangibles 42,030 44,528 26,509
Intangible and long-lived asset impairment 13,517 0 0
Total operating expenses 966,180 365,906 304,721
(Loss) income from operations (522,933) 57,670 160,091
Interest expense 53,667 54,942 19,320
Other (income) expense, net (311) 1,716 2,108
(Loss) income before income taxes (576,289) 1,012 138,663
Income Tax Expense (Benefit) (31,569) (5,500) 17,817
Net (loss) income (544,720) 6,512 120,846
Less: net loss attributable to non-controlling interest (141) (38) 0
Net (loss) income attributable to Fox stockholders $ (544,579) $ 6,550 $ 120,846
(Net loss) earnings per share:      
Basic (in dollars per share) $ (13.03) $ 0.16 $ 2.86
Diluted (in dollars per share) $ (13.03) $ 0.16 $ 2.85
Weighted-average shares used to compute earnings per share:      
Basic (in shares) 41,783 41,681 42,305
Diluted (in shares) 41,783 41,717 42,432
v3.25.4
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Statement of Comprehensive Income [Abstract]      
Net (loss) income $ (544,720) $ 6,512 $ 120,846
Other comprehensive (loss) income      
Change in net unrealized gain (1,406) 6,418 830
Reclassification of net gain on interest rate swaps to net earnings (4,757) (8,460) (6,775)
Tax effects (1,471) (466) (1,303)
Net change, net of tax effects (7,634) (2,508) (7,248)
Foreign currency translation adjustments 8,242 (6,309) 1,507
Other comprehensive income (loss) 608 (8,817) (5,741)
Comprehensive (loss) income (544,112) (2,305) 115,105
Less: comprehensive loss attributable to non-controlling interest (141) (38) 0
Comprehensive (loss) income attributable to Fox stockholders $ (543,971) $ (2,267) $ 115,105
v3.25.4
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Common Stock
Treasury
Additional paid-in capital
Accumulated other comprehensive income
Retained earnings
Non-controlling interest
Beginning Balance (in shares) at Dec. 30, 2022   43,160,000          
Beginning Balance at Dec. 30, 2022 $ 1,121,386 $ 42 $ (13,754) $ 356,239 $ 14,782 $ 764,077  
Beginning Treasury stock, common (in shares) at Dec. 30, 2022     890,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock under equity compensation plans, net of shares repurchased for income tax withholding (in shares)   112,000          
Issuance of common stock under equity compensation plans, net of shares repurchased for income tax withholding (6,195)     (6,195)      
Stock-based compensation expense 16,465     16,465      
Purchase and retirement of common stock (in shares)   (428,000)          
Purchase and retirement of common stock (25,000)     (18,163)   (6,837)  
Other comprehensive income (5,741)       (5,741)    
Net loss 120,846         120,846  
Ending Balance (in shares) at Dec. 29, 2023   42,844,000          
Ending Balance at Dec. 29, 2023 1,221,761 $ 42 $ (13,754) 348,346 9,041 878,086  
Ending Treasury stock, common (in shares) at Dec. 29, 2023     890,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock under equity compensation plans, net of shares repurchased for income tax withholding (in shares)   108,000          
Issuance of common stock under equity compensation plans, net of shares repurchased for income tax withholding (2,609)     (2,609)      
Stock-based compensation expense 9,606     9,606      
Purchase and retirement of common stock (in shares)   (378,000)          
Purchase and retirement of common stock (25,309)     (16,077)   (9,232)  
Other comprehensive income (8,817)       (8,817)    
Net loss $ 6,550         6,550 $ (38)
Ending Balance (in shares) at Jan. 03, 2025 41,684,000 42,574,000          
Ending Balance at Jan. 03, 2025 $ 1,201,182 $ 42 $ (13,754) 339,266 224 875,404 (38)
Ending Treasury stock, common (in shares) at Jan. 03, 2025 890,000   890,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock under equity compensation plans, net of shares repurchased for income tax withholding (in shares)   118,000          
Issuance of common stock under equity compensation plans, net of shares repurchased for income tax withholding $ (1,293)     (1,293)      
Stock-based compensation expense 14,266     14,266      
Other comprehensive income 608       608    
Net loss $ (544,579)         (544,579) (141)
Ending Balance (in shares) at Jan. 02, 2026 41,802,000 42,692,000          
Ending Balance at Jan. 02, 2026 $ 670,184 $ 42 $ (13,754) $ 352,239 $ 832 $ 330,825 $ (179)
Ending Treasury stock, common (in shares) at Jan. 02, 2026 890,000   890,000        
v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
OPERATING ACTIVITIES:      
Net (loss) income $ (544,720) $ 6,512 $ 120,846
Adjustments to reconcile net income to net cash provided by operating activities:      
Goodwill impairment 557,266 0 0
Depreciation and amortization 92,310 83,907 60,095
Provision for inventory reserve 3,524 5,631 6,184
Stock-based compensation 14,266 9,606 16,465
Amortization of acquired inventory step-up 342 4,485 13,008
Amortization of loan fees 4,839 3,748 905
Amortization of deferred gains on prior swap settlements (783) (4,334) (4,252)
Proceeds from interest rate swap settlements 4,032 4,026 2,522
Intangible and long-lived asset impairment 13,487 0 0
Loss on extinguishment of debt 1,777 0 0
Deferred taxes (44,835) (23,310) (7,867)
Accounts receivable (23,523) 10,372 64,527
Inventory 18,005 (26,503) 31,613
Income taxes (1,896) (11,168) (19,094)
Prepaids and other assets (27,106) 48,463 (40,702)
Accounts payable 1,235 14,969 (44,029)
Accrued expenses and other liabilities (7,302) 5,428 (21,478)
Net cash provided by operating activities 60,918 131,832 178,743
INVESTING ACTIVITIES:      
Acquisition of businesses, net of cash acquired 0 (25,785) (701,112)
Acquisition foreign exchange hedge settlement 0 (1,118) 0
Acquisition of other assets 0 (5,344) (2,432)
Purchases of property and equipment (33,967) (44,040) (46,852)
Net cash used in investing activities (33,967) (76,287) (750,396)
FINANCING ACTIVITIES:      
Proceeds from revolver 279,000 189,000 400,000
Payments on revolver (282,000) (406,000) (230,000)
Proceeds from issuance of debt, net of origination fees 534,615 200,000 393,528
Repayment of term debt (567,433) (19,286) (20,000)
Purchase and retirement of common stock 0 25,000 25,000
Repurchases from stock compensation program, net (1,294) (2,608) (6,195)
Deferred debt issuance/modification costs 2,897 3,434 3,354
Net cash (used in) provided by financing activities (40,009) (67,328) 508,979
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (608) (185) 1,066
CHANGE IN CASH AND CASH EQUIVALENTS (13,666) (11,968) (61,608)
CASH AND CASH EQUIVALENTS—Beginning of year 71,674 83,642 145,250
CASH AND CASH EQUIVALENTS—End of year 58,008 71,674 83,642
Supplemental Cash Flow Information [Abstract]      
Income tax payment 15,181 29,159 44,655
Interest 49,518 57,004 21,147
Amounts included in the measurement of lease liabilities 20,889 18,844 14,009
Right-of-use assets obtained in exchange for lease obligations 16,309 39,541 54,949
Capital expenditures included in accounts payable 1,202 747 977
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]      
U.S. federal 2,784 14,031 6,013
U.S. state 3,591 5,789 4,683
Total Foreign 8,806 9,338 33,959
Total cash paid for income taxes, net of refunds 15,181 29,158 44,655
Taiwan      
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]      
Total Foreign 8,437 9,469 28,865
Canada      
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]      
Total Foreign 954 (2,464) 1,495
Germany      
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]      
Total Foreign (543) 2,177 3,115
Other foreign jurisdictions      
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]      
Total Foreign $ (42) $ 156 $ 484
v3.25.4
Description of the Business, Basis of Presentation and Summary of Significant Accounting Policies
 12 Months Ended
Jan. 02, 2026
Accounting Policies [Abstract]  
Description of the Business, Basis of Presentation and Summary of Significant Accounting Policies Description of the Business, Basis of Presentation and Summary of Significant Accounting Policies
Fox Factory Holding Corp. (the “Company”) designs, engineers, manufactures and markets performance-defining products and systems for customers worldwide. Our premium brand, performance-defining products and systems are used primarily on bicycles (“bikes”), side-by-side vehicles (“side-by-sides”), on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (“ATVs”), snowmobiles, and specialty vehicles and applications. In addition, we also offer premium baseball and softball gear and equipment. Some of our products are specifically designed and marketed to some of the leading cycling and powered vehicle original equipment manufacturers (“OEMs”), while others are distributed to consumers through a global network of dealers and distributors and retailers.
Throughout this Annual Report on Form 10-K, unless stated otherwise or as the context otherwise requires, the “Company,” “FOX,” “Fox Factory,” “we,” “us,” “our,” and “ours” refer to Fox Factory Holding Corp. and its operating subsidiaries on a consolidated basis.
Basis of Presentation - The accompanying consolidated financial statements have been prepared in accordance with United States of America (“U.S.”) generally accepted accounting principles (“GAAP”).
Fiscal Year Calendar - The Company operates using a 52-53-week fiscal year calendar ending on the Friday nearest to December 31. Therefore, the financial results of certain fiscal years and quarters, which will contain 53 and 14 weeks, respectively, will not be exactly comparable to the prior and subsequent fiscal years and quarters, which contain 52 and 13 weeks, respectively. For the fiscal years 2025, 2024, and 2023, the Company’s fiscal year ended on January 2, 2026, January 3, 2025, and December 29, 2023 and had 52, 53, and 52 weeks, respectively.
Principles of Consolidation - The consolidated financial statements include the Company and its subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.
Use of Estimates - The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. These estimates are based on information available as of the date of the financial statements; therefore, actual results could differ from management’s estimates.
Foreign Currency Translation and Transaction - The functional currency of the Company’s non-U.S. entities is the local currency of the respective operations. The Company translates the financial statements of its non-U.S. entities into U.S. Dollars each reporting period for purposes of consolidation. Assets and liabilities of the Company’s foreign subsidiaries are translated at the period-end currency exchange rates while sales and expenses are translated at the average currency exchange rates in effect for the period. The effects of these translation adjustments are a component of other comprehensive income.
Foreign currency transaction gain of $2,001, and losses of $1,811, and $1,465 for the years ended January 2, 2026, January 3, 2025, and December 29, 2023, respectively, are included as a component of other income or expense.
Cash and Cash Equivalents - Cash consists of cash maintained in checking or money market accounts. All highly liquid investments purchased with an original maturity date of 90 days or less at the date of purchase are considered to be cash equivalents.
Accounts Receivable - Accounts receivable are unsecured customer obligations which generally require payment within various terms from the invoice date. The receivables are stated at the invoice amount. Financing terms vary by customer. Invoices are considered past due when payment is not received within the terms stated within the contract. Payments of accounts receivable are applied to the specific invoices identified on the customer’s remittance advice or if unspecified, generally to the earliest unpaid invoices.
The carrying amount of accounts receivable is reduced by an allowance for credit losses that reflects management’s best estimate of amounts that may not be collected. All accounts or portions thereof deemed to be uncollectible or that may require an excessive collection cost are written off to the allowance for credit losses. The Company records the allowance for credit losses using the aging method, considering the length of time a receivable has been outstanding. This assessment incorporates historical credit loss rates, current conditions, and reasonable and supportable forecasts of future economic conditions that may impact collectability. Our methodology follows the expected credit loss model, which not only accounts for past events and incurred losses but also integrates forward-looking information to estimate potential credit deterioration. If circumstances change, such as higher-than-expected defaults or an unexpected material adverse change in a major customer’s financial condition, we reassess our estimates to determine whether the recoverability of amounts due could be materially impacted.
The following table presents the activity in the allowance for credit losses:
For the fiscal years ended
Allowance for credit losses:January 2, 2026January 3, 2025December 29, 2023
Balance, beginning of year$1,848 $1,158 $443 
Add: bad debt expense1,369 913 907 
Less: write-offs, net of recoveries(336)(223)(192)
Balance, end of year$2,881 $1,848 $1,158 
Concentration of Credit Risk - Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist primarily of cash and accounts receivable. As of January 2, 2026 the Company held $49,063 in cash at U.S. subsidiaries and $8,946 at subsidiaries outside the U.S. The account balances may significantly exceed the insurance coverage provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions with reputable credit and therefore bear minimal credit risk. The Company has not experienced any losses in its uninsured accounts.
The Company mitigates its credit risk with respect to accounts receivable by performing ongoing credit evaluations and monitoring of its customers’ accounts receivable balances. The following customers accounted for 10% or more of the Company’s accounts receivable balance:
 January 2, 2026January 3, 2025
Customer A11%14%
In 2025, 2024, and 2023, our sales to customer A accounted for approximately 12%, 15%, and 13% of total net sales, respectively. No other customers were individually significant in any of these periods presented.
The Company depends on a limited number of vendors to supply component parts for its products. The Company purchased 30%, 26%, and 29% of its product components for the years ended January 2, 2026, January 3, 2025, and December 29, 2023, respectively, from ten vendors. As of January 2, 2026 and January 3, 2025, amounts due to these vendors represented 21% and 21% of accounts payable, respectively.
Inventories - Inventories are stated at the lower of actual cost (or standard cost which generally approximates actual costs on a first-in first-out basis) or net realizable value. Cost includes raw materials and inbound freight, as well as direct labor and manufacturing overhead for products we manufacture. Net realizable value is based on current replacement cost for raw materials and on a net realizable value for finished goods. Adjustments to reduce the cost of inventory to its net realizable value are made, if required, for estimated excess, obsolescence or impaired balances.
Property and Equipment - Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Maintenance and repairs are charged to expense as incurred, and improvements and betterments are capitalized. When assets are retired or otherwise disposed of, the cost and accumulated depreciation and amortization are removed from the balance sheet, and any resulting gain or loss is reflected in operations in the period realized.
Leasehold improvements are amortized on a straight-line basis over the terms of the lease, or the useful lives of the assets, whichever is shorter. The value assigned to land associated with buildings we own is not amortized. Depreciation and amortization periods for the Company’s property and equipment are as follows:
Asset ClassificationEstimated useful life
Building and building improvements
15-39 years
Information systems, office equipment and furniture
3-7 years
Internal-use computer software
10 years
Land improvements
15 years
Machinery and manufacturing equipment
5-15 years
Transportation equipment
3-5 years
Internal-use Computer Software Costs - Costs incurred to purchase and develop computer software for internal use are capitalized during the application development and implementation stages. These software costs have been for enterprise-level business and finance software that is customized to meet the Company’s operational needs. Capitalized costs are included in property and equipment and are amortized on a straight-line basis over the estimated useful life of the software beginning when the software project is substantially complete and placed in service. Costs incurred during the preliminary project stage and costs for training, data conversion, and maintenance are expensed as incurred.
Business Combinations - The Company accounts for acquisitions of entities that include inputs and processes and have the ability to create outputs as business combinations. The Company allocates the purchase price of the acquisition to the tangible assets acquired, liabilities assumed, and identifiable intangible assets acquired based on their estimated fair values. The excess of the purchase price over those fair values is recorded as goodwill. Acquisition-related expenses and restructuring costs are expensed as incurred. During the measurement period, the Company records adjustments to provisional amounts recorded for assets acquired and liabilities assumed with the corresponding offset to goodwill. After the measurement period, which could be up to one year after the transaction date, subsequent adjustments are recorded to the Company’s consolidated statements of operations.
Goodwill and Indefinite-Lived Intangible Assets - Goodwill represents the excess of purchase price over the fair value of the net assets of businesses acquired. On an annual basis, the Company makes a qualitative assessment to determine if it is more likely than not that the fair value of the reporting unit is less than its carrying amount, including goodwill. If the Company determines that the fair value of the reporting unit is less than its carrying amount, it will perform a quantitative analysis; otherwise, no further evaluation is necessary. For the quantitative impairment test, the Company compares the fair value of the reporting unit to its carrying value, including goodwill. The Company determines the fair value of the reporting unit based on a weighting of income and market approaches. The income approach employs a discounted cash flow model, projecting revenue and cash flows over a multi-year period. These projections are based on management’s estimates, historical performance trends, and industry outlooks. These cash flows, along with a terminal value, are discounted to their present value using a WACC that reflects a market rate appropriate for each reporting unit. The market approach employs multiples for public companies that reasonably compare to the reporting units. If the fair value of the reporting unit exceeds the carrying value of the net assets assigned to that reporting unit, goodwill is not impaired and no further testing is performed. If the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, then the Company will recognize a loss equal to the excess, limited to the total amount of goodwill allocated to that reporting unit. Additional impairment may be recognized in connection with the write-off of associated deferred tax liabilities that are no longer needed due to the decrease in goodwill. All impairments, if any, are charged directly to earnings. In early fiscal year 2025, the Company recognized a non-cash goodwill impairment charge of $262,129 within operating expenses, which impacted all reporting units. The impairment resulted from a triggering event related to adverse changes in U.S. tariff policies, new and expanded tariffs enacted by the current presidential administration, and resulting sustained decline in our stock price. The impairment charge reflects the amount by which the carrying values of the reporting units exceeded their estimated fair values. In the second quarter, the Company conducted a qualitative assessment and concluded that no additional impairment existed as of July 4, 2025. The annual impairment assessment was performed in the third quarter, and the Company concluded that it was not more likely than not that the fair values of the reporting units were less than the carrying values. In the fourth quarter, the Company conducted another quantitative impairment assessment due to a further sustained decrease in our stock price and recorded a non-cash goodwill impairment charge of $295,178 within operating expenses. Refer to Note 7. Goodwill and Intangible Assets for the goodwill impairment charges by reporting unit.
While the Company believes that the estimates and assumptions used in the impairment test are reasonable, changes in key assumptions, including lower revenue growth, terminal growth rate, or increase in WACC could result in a future goodwill impairment. As of January 2, 2026, SSG was the only reporting unit with a remaining goodwill balance following the recorded goodwill impairment charges. Based on the most recent quantitative assessment, and for purposes of this sensitivity analysis assuming a 100% weighting to the income approach, a 1.5% increase in the WACC would result in a full future impairment of SSG’s remaining goodwill.
Certain trademarks and brands are considered to be indefinite life intangibles and are not amortized but are subject to testing for impairment annually. No impairments of indefinite-lived intangible assets were identified in the years ended January 2, 2026, January 3, 2025, and December 29, 2023.
Intangible and Long-lived Assets - Finite-lived intangible assets including customer relationships, certain trademarks, and the Company’s core technology, are subject to amortization over their respective useful lives, and are classified in intangibles, net in the accompanying consolidated balance sheet. These intangibles and other long-lived assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be fully recoverable. If facts and circumstances indicate that the carrying value might not be recoverable, projected undiscounted net cash flows associated with the related asset or group of assets over their estimated remaining useful lives is compared against their respective carrying amounts. If an asset is found to be impaired, the impairment charge will be measured as the amount by which the carrying amount of the asset exceeds its fair value.
During the fourth quarter of fiscal 2025, due to lower expected cash flows, the Company performed a recoverability test and related quantitative impairment assessment for its finite‑lived intangible assets and other long‑lived assets. As a result, Intangible asset impairment charges of $2,984 and $5,020 were recognized within PVG and AAG’s operating expenses, respectively, for the year ended January 2, 2026. No impairments of intangible assets were identified in the years ended January 3, 2025 and December 29, 2023. During the year ended January 2, 2026, the Company recorded $1,082 and $4,431 long-lived asset impairment charges within PVG and AAG’s operating expenses, respectively. No impairment charges were recorded during the years ended January 3, 2025 and December 29, 2023.
Self-Insurance - The Company is self-insured for its U.S. employee health and welfare benefits. The Company’s liability for self-insurance is based on claims filed and an estimate of claims incurred but not yet reported. The Company considers a number of factors, including historical claims information, when determining the amount of the accrual. Costs related to the administration of the plan and related claims are expensed as incurred. The Company has third-party insurance coverage to limit exposure for individually significant claims. The estimates for unpaid claims incurred as of January 2, 2026 and January 3, 2025 are $1,782 and $2,031 respectively, and are recorded within accrued expenses on the consolidated balance sheets.
Revenue Recognition - Revenues are generated from the sale of performance-defining products and systems to customers worldwide. The Company’s performance-defining products and systems are solutions that improve performance of powered vehicles, bikes, and baseball and softball gear and equipment. Powered vehicles include side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles and applications, and motorcycles.
Revenue is measured based on the consideration specified in a contract with a customer. The Company recognizes revenue when it satisfies a performance obligation by transferring control of a product to a customer, generally at the time of shipment. Contracts are generally in the form of purchase orders and are governed by standard terms and conditions. For larger OEMs, the Company may also enter into master agreements. Sales tax and other similar taxes are excluded from revenues. Revenues generated from upfit packages generally do not include the vehicle chassis, as the Company is not the principal in this arrangement and the automotive dealer purchases the chassis directly from the OEM. The Company is required to place a deposit recognized as a prepaid asset on Stellantis vehicle chassis, however that deposit is refunded when the chassis is sold through to the end customer. For other chassis, the Company entered into floor plan financing agreements, in which the Company pays interest expense based on the duration of time the chassis stay on the Company's premises. Revenues generated from upfit packages from our Outside Van subsidiary generally include the vehicle chassis, of which the Company has the risks and rewards of ownership.
We elected as a practical expedient to not capitalize the incremental costs to obtain contracts with customers since the amortization period would have been one year or less.
Provisions for discounts, rebates, sales incentives, returns, and other adjustments are generally provided for in the period the related sales are recorded, based on management’s assessment of historical trends and projection of future results.
Cost of Sales - Cost of sales primarily consists of materials and labor expense in the manufacturing of the Company’s products sold to customers. Cost of sales also includes provisions for excess and obsolete inventory, warranty costs, certain allocated costs for facilities, depreciation and other manufacturing overhead. Additionally, it includes stock-based compensation for personnel directly involved with manufacturing the Company’s product offerings.
Shipping and Handling Fees and Costs - The Company includes shipping and handling fees billed to customers in sales. Shipping costs associated with freight are capitalized as part of inventory and included in cost of sales as products are sold.
Sales and Marketing - Our sales and marketing expenses include costs related to our sales, customer service and marketing personnel, including their wages, employee benefits and related stock-based compensation, and occupancy-related expenses. Other significant sales and marketing expenses include commissions paid to outside sales representatives, promotional materials and products, our sales office costs, race support and sponsorships of events and athletes, advertising and promotions related to trade shows, and travel and entertainment.
Advertising - Advertising costs are expensed as incurred and recorded as sales and marketing expenses on our consolidated statements of operations. Costs incurred for advertising totaled $10,524, $10,695, and $6,717 for the years ended January 2, 2026, January 3, 2025, and December 29, 2023, respectively.
Research and Development - Research and development expenses consist primarily of salaries and personnel costs, including wages, employee benefits and related stock-based compensation for the Company’s engineering, research and development teams, occupancy-related expenses, fees for third party consultants, service fees, and expenses for prototype tooling and materials, travel, and supplies. The Company expenses research and development costs as incurred.
General and Administrative - General and administrative expenses include costs related to executive, finance, information technology, human resources and administrative personnel, including wages, employee benefits and related stock-based compensation expenses. The Company records professional and contract service expenses, occupancy-related expenses associated with corporate locations and equipment, and legal expenses in general and administrative expenses.
Stock-Based Compensation - The Company measures stock-based compensation for all stock-based awards, including stock options and RSUs, based on their estimated fair values on the date of the grant and recognizes the stock-based compensation cost for time-vested awards on a straight-line basis over the requisite service period. For performance-based RSUs, the number of shares ultimately expected to vest is estimated at each reporting date based on management’s expectations regarding the relevant performance criteria. To the extent shares are expected to vest, the stock-based compensation cost is recognized on a straight-line basis over the requisite service period. The fair value of each stock option granted is estimated using the Black-Scholes option-pricing model. The Company does not estimate forfeitures in recognizing stock-based compensation expense. The fair value of the RSUs is equal to the fair value of the Company’s common stock, that is a derivative of RSUs, on the grant date of the award.
Income Taxes - Income taxes are computed using the asset and liability method, under which deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to affect taxable income. Operating loss and tax credit carryforwards are measured by applying currently enacted tax laws. Valuation allowances are provided when necessary to reduce net deferred tax assets to an amount that is more likely than not to be realized.
The Company accounts for global intangible low-taxed income (“GILTI”) in the year the tax is incurred, rather than recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years. The net GILTI inclusion for the year ended January 2, 2026 was partially offset by foreign tax credits associated with the income.
The Company recognizes the tax effects of an uncertain tax position only if it is more likely than not to be sustained based solely on its technical merits as of the reporting date and then only in an amount more likely than not to be sustained upon review by the tax authorities. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments, and which may not accurately anticipate actual outcomes.
Warranties - The Company offers limited warranties on its products generally for one to three years. The Company recognizes estimated costs related to warranty activities as a component of cost of sales upon product shipment. The estimates are based upon historical product failure rates and historical costs incurred in correcting product failures. The recorded amount is adjusted from time to time for specifically identified warranty exposures. Actual warranty expenses are charged against the Company’s estimated warranty liability when incurred. Factors that affect the Company’s liability include the number of units, historical and anticipated rates of warranty claims, and the cost per claim.
Segments - The Company determined that, as of the end of the first quarter of fiscal year 2024, due to the manner in which we began to operate the business to further drive long term value to our stockholders and customers, we have three operating and reportable segments: PVG, AAG, and SSG. The Company considers operating segments to be components of the Company in which separate financial information is available that is evaluated regularly by the Company’s chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The CODM for the Company is the Chief Executive Officer. Starting in March 2024, the Chief Executive Officer reviews additional financial information by operating and reportable segments for purposes of allocating resources and evaluating financial performance. Adjusted EBITDA is utilized by the CODM to evaluate segment profitability and inform strategic decisions regarding investments, cost management, and resource allocation.
Reclassifications - We reclassified certain prior period amounts within our consolidated balance sheets, consolidated statements of cash flows, and related notes to conform to our current year presentation.
The reclassifications primarily related to:
•Deferred Taxes: For fiscal year 2024, amounts previously presented on a net basis within deferred tax assets were recast to other liabilities to reflect deferred tax liabilities separately. The updated presentation is also reflected in Note 15. Income Taxes.
•Accrued Payroll and Others: For fiscal year 2024, amounts previously included in accounts payable were recast to accrued expenses to better reflect their nature. Corresponding changes are reflected in Note 8. Accrued Expenses, and in the consolidated statement of cash flows.
The reclassifications did not have any impact on net income or other major financial statement line items.
Fair Value Measurements and Financial Instruments - The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Codification 820, Fair Value Measurements and Disclosures, that requires the valuation of assets and liabilities required or permitted to be either recorded or disclosed at fair value based on hierarchy of available inputs as follows:
Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
Level 2: Quoted prices for similar assets and liabilities in active markets, quoted prices for identical assets and liabilities in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and
Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity).
The carrying amounts of the Company’s financial instruments, including cash, receivables, accounts payable, accrued liabilities, and current portion of long-term debt approximate their fair values due to their short-term nature. The carrying amounts of the Company’s revolver and long-term debt, excluding current portion, approximate their fair values because the interest rates vary with the market.
Certain Significant Risks and Uncertainties - The Company is subject to those risks common in manufacturing-driven markets, including, but not limited to, competitive forces, dependence on key personnel, customer demand for its products, disruptions in the operations of its or its customers’ facilities, or along its global supply chain, the successful protection of its proprietary technologies, compliance with government regulations, and the possibility of not being able to obtain additional financing when needed.
The impact of international geopolitical conflicts, including, among others, continuing tensions between Taiwan and China, on the global economy, energy supplies and raw materials may prove to negatively impact the Company’s business and operations. Additionally, the imposition of U.S. tariffs on China and retaliatory tariffs by China on the U.S. may increase costs, disrupt supply chains, and impact demand for the Company’s products. Furthermore, domestic and foreign political instability and uncertainty may create economic volatility, regulatory changes, and trade disruptions that pose additional risks to the Company’s business environment.
Recent Accounting Pronouncements - In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in ASU 2023-07 require disclosure of significant segment expenses that are regularly provided to the CODM and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items to reconcile to segment profit or loss, and the title and position of the entity’s CODM. The amendments in this update also expand the interim segment disclosure requirements. These amendments do not change how a public entity identifies its operating segments, aggregates those operating segments, or applies the quantitative thresholds to determine its reportable segments. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted and the amendments in this update are required to be applied on a retrospective basis. The Company adopted ASU 2023-07 in the Annual Report on Form 10-K for fiscal year 2024 ending January 3, 2025. Refer to Significant Accounting Policies - Segments above and Note 20. Segment Information for further details.
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures to enhance the transparency and decision usefulness of income tax disclosures through changes to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company adopted ASU 2023-09 in this Annual Report on Form 10-K for the fiscal year ending January 2, 2026. The Company provided enhanced income tax disclosures, including further disaggregation of the effective tax rate reconciliation and separate disclosure of income taxes paid by jurisdiction. The disclosures include identification of income tax rate drivers and presentation of income taxes paid at the federal, state, and significant foreign jurisdiction levels. Refer to Note 15. Income Taxes for further details.
In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40). ASU 2024-03 introduces enhanced income statement expense disclosure requirements. The amendments in ASU 2023-03 require new tabular disclosures in the notes to financial statements, disaggregating specific expense categories within relevant income statement captions. These categories include inventory purchases, employee compensation, depreciation, and intangible asset amortization. The guidance is effective for fiscal years beginning after December 15, 2026, and must be applied prospectively. The Company is currently evaluating the impact of this accounting standard update on its consolidated financial statements and related disclosures.
In July 2025, the FASB issued ASU 2025-05, “Financial Instrument - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets.” The ASU provides a practical expedient for estimating current expected credit losses by allowing entities to assume that conditions existing as of the balance sheet date do not change for the remaining life of the assets. The guidance is effective for interim and annual reporting periods beginning after December 15, 2025. The Company is currently evaluating the impact of the ASU and does not expect it to have a material effect on its consolidated financial statements or related disclosures.
In September 2025, the FASB issued ASU 2025-06, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software.” The amendments in ASU 2025-06 clarify and modernize the capitalization of costs related to internal-use software. The ASU removes all references to project stages throughout Subtopic 350-40 and clarifies the threshold entities apply to begin capitalizing costs. The guidance is effective for interim and annual reporting periods beginning after December 15, 2027. The Company is currently evaluating the impact of the ASU on its consolidated financial statements and related disclosures.
In November 2025, the FASB issued ASU 2025-09, “Derivatives and Hedging (Topic 815): Hedge Accounting Improvements.” The amendments introduce targeted improvements across several areas, including similar‑risk assessments for groups of forecasted transactions, hedging interest payments on choose‑your‑rate debt instruments, and cash flow hedges of nonfinancial forecasted transactions. The guidance is intended to better align hedge accounting with entities’ risk‑management activities and reduce unintuitive hedge dedesignation events. The guidance is effective for annual reporting periods, including interim periods within those periods, beginning after December 15, 2026, with early adoption permitted. The Company is currently evaluating the impact of the ASU and does not expect it to have a material effect on its consolidated financial statements or related disclosures.
In December 2025, the FASB issued ASU 2025-10, “Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities.” The ASU establishes authoritative guidance on the recognition, measurement, and presentation of government grants received by business entities, leveraging principles from IAS 20 and introducing targeted improvements to U.S. GAAP. The ASU also modifies certain existing disclosure requirements in ASC 832 to enhance transparency of government assistance. The guidance is effective for annual periods beginning after December 15, 2028 for public business entities, and one year later for all other entities, with early adoption permitted. The Company is currently evaluating the impact of the ASU on its consolidated financial statements and related disclosures.
In December 2025, the FASB issued ASU 2025‑11, “Interim Reporting (Topic 270): Narrow‑Scope Improvements.” The amendments clarify that Topic 270 applies to all entities providing interim financial statements under GAAP, consolidate required interim disclosures, introduce a disclosure principle for material post–year‑end events, and refine guidance on the form and content of interim financial statements. The amendments do not change the nature or scope of existing interim reporting requirements. The guidance is effective for interim reporting periods within fiscal years beginning after December 15, 2027. The Company is currently evaluating the impact of these updates on its consolidated financial statements and related disclosures.
In December 2025, the FASB issued ASU 2025‑12, “Codification Improvements.” The ASU introduces various technical corrections, clarifications, and minor improvements across a wide range of ASC Topics and are not expected to significantly affect current accounting practice or impose significant costs on most entities. General transition guidance is provided in ASC 105‑10‑65‑10, with separate transition provisions for the earnings‑per‑share amendments in ASC 260. The guidance is effective for annual periods beginning after December 15, 2026, including interim periods within those fiscal years. The Company is currently evaluating the impact of these updates and does not expect them to have a material impact on its consolidated financial statements and related disclosures.
v3.25.4
Revenues
 12 Months Ended
Jan. 02, 2026
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
The following table summarizes total net sales by segment:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Powered Vehicles Group$488,143 $461,403 $523,862 
Aftermarket Applications Group470,013 421,453 551,143 
Specialty Sports Group509,165 511,065 389,173 
Total net sales$1,467,321 $1,393,921 $1,464,178 
The following table summarizes total net sales by sales channel:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
OEM$642,473 $612,679 $725,232 
Aftermarket/Non-OEM(1)
824,848 781,242 738,946 
Total net sales$1,467,321 $1,393,921 $1,464,178 
(1) Aftermarket/non-OEM sales include sales to dealers and dealerships, distributors, sales through our websites, retail sales, and various others, including Marucci’s sales within each of these.
The following table summarizes total net sales generated by geographic location of the customer:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
North America$1,119,215 $1,097,329 $1,127,587 
Europe198,546 165,043 187,762 
Asia124,037 109,074 125,488 
Rest of the World25,523 22,475 23,341 
Total net sales$1,467,321 $1,393,921 $1,464,178 
v3.25.4
Inventory
 12 Months Ended
Jan. 02, 2026
Inventory Disclosure [Abstract]  
Inventory Inventory
Inventory consisted of the following:
January 2, 2026January 3, 2025
Raw materials$226,341 $245,368 
Work-in-process22,440 16,519 
Finished goods139,854 142,849 
Total inventory$388,635 $404,736 
v3.25.4
Prepaids and Other Assets
 12 Months Ended
Jan. 02, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaids and Other Current Assets Prepaids and Other Current Assets
Prepaids and other current assets consisted of the following:
January 2, 2026January 3, 2025
Prepaid chassis deposits$67,203 $47,094 
Advanced payments and prepaid contracts26,139 26,496 
Other current assets15,082 11,853 
Total prepaids and other assets$108,424 $85,443 
v3.25.4
Property, Plant and Equipment, net
 12 Months Ended
Jan. 02, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, net Property, Plant and Equipment, net
Property, plant and equipment consisted of the following:
January 2, 2026January 3, 2025
Machinery and manufacturing equipment$193,865 $177,261 
Building and building improvements83,550 82,224 
Internal-use computer software40,399 38,572 
Information systems, office equipment and furniture32,412 28,725 
Leasehold improvements44,279 40,663 
Transportation equipment25,609 23,299 
Land and land improvements15,561 15,521 
Total property, plant and equipment435,675 406,265 
Less: accumulated depreciation and amortization(201,040)(159,872)
Total property, plant and equipment, net$234,635 $246,393 
Depreciation expense was $48,123, $39,038, and $32,094 for the years ended January 2, 2026, January 3, 2025, and December 29, 2023, respectively.
The following table summarizes the allocation of depreciation expense in the accompanying consolidated statements of operations:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Cost of sales$24,226 $19,153 $15,040 
General and administrative18,902 15,092 13,098 
Research and development3,069 3,158 2,916 
Sales and marketing1,926 1,635 1,040 
Total depreciation expense$48,123 $39,038 $32,094 

The Company’s long-lived assets by geographic location are as follows:
January 2, 2026January 3, 2025
United States$196,439 $203,937 
International38,196 42,456 
Total long-lived assets$234,635 $246,393 
v3.25.4
Leases
 12 Months Ended
Jan. 02, 2026
Leases [Abstract]  
Leases Leases
An agreement is considered a lease when it gives the Company the right to substantially all of the economic benefits from an identified asset and the ability to direct its use throughout the term of the agreement. The Company has operating lease agreements for administrative, research and development, manufacturing, and sales and marketing facilities. These leases have remaining lease terms ranging from under one year to 19 years, some of which include options to extend or terminate the leases. The Company considered these options to the extent that they were reasonably certain to be exercised in determining the lease term used to establish its right-of-use assets and lease liabilities. Certain leases are subject to annual escalations as specified in the lease agreements. These lease agreements do not contain any material residual value guarantees or material restrictive covenants.
The Company elected the practical expedient related to treating lease and non-lease components as a single lease component for all of its leases and elected a policy exclusion permitting leases with an original lease term of less than one year to be excluded from the right-of-use assets and lease liabilities. Our lease right-of-use assets are tested for impairment in accordance with ASC 360.
In the year ended January 2, 2026, the Company recorded $4,772 impairment charges on its operating lease right-of-use assets, which is reflected within intangible and long-lived asset impairment in the consolidated statement of operations.
As most of the Company’s leases do not provide an interest rate, the Company used the incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The weighted-average remaining lease term for the Company’s operating leases was 8.64 years, and the weighted-average incremental borrowing rate was 4.30% as of January 2, 2026.
Operating lease costs consisted of the following:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Operating lease cost$22,500 $21,467 $15,656 
Other lease costs (1)5,806 4,443 3,846 
Total lease costs$28,306 $25,910 $19,502 
(1) Includes short-term leases and variable lease costs. The Company elected a policy exclusion permitting leases with an original lease term of less than one year to be excluded from the right-of-use assets and lease liabilities.
Supplemental balance sheet information related to the Company’s operating leases is as follows:
Balance Sheet ClassificationJanuary 2, 2026
Operating lease right-of-use assetsLease right-of-use assets$99,002 
Current lease liabilitiesAccrued expenses$16,221 
Non-current lease liabilitiesOther liabilities$89,791 
Maturities of lease liabilities by fiscal year for the Company’s operating leases are as follows:
For fiscal yearTotal future payments
2026$20,425 
202717,197 
202816,803 
202914,977 
203012,843 
Thereafter46,617 
Total lease payments128,862 
Less: imputed interest(22,850)
Present value of lease liabilities106,012 
Less: current portion(16,221)
Lease liabilities less current portion$89,791 
v3.25.4
Goodwill and Intangible Assets
 12 Months Ended
Jan. 02, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Intangible assets, excluding goodwill, are comprised of the following:
Gross
carrying
amount		Accumulated
amortization		ImpairmentNet
carrying
amount		Weighted
average life
(years)
January 02, 2026
Trademarks and brands, subject to amortization$234,194 $(42,230)$(5,714)$186,250 14
Customer and distributor relationships 293,058 (153,340)(2,070)137,648 12
Core technologies61,278 (41,108)(220)19,950 10
Total$588,530 $(236,678)$(8,004)343,848 
Trademarks and brands, not subject to amortization55,570 
Total$399,418 
January 3, 2025
Trademarks and brands, subject to amortization$233,728 $(25,172)$— $208,556 14
Customer and distributor relationships 292,934 (131,349)— 161,585 12
Core technologies62,169 (39,015)— 23,154 10
Total$588,831 $(195,536)$— 393,295 
Trademarks and brands, not subject to amortization55,570 
Total$448,865 
The following table summarizes the amortization of intangible assets in the accompanying consolidated statements of operations:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Amortization of intangibles$42,030 $44,528 $26,509 
Future amortization expense for finite-lived intangibles as of January 2, 2026 is as follows:
For fiscal year:Amortization Expense
2026$40,269 
202739,031 
202836,452 
202935,228 
203025,292 
Thereafter167,576 
Total expected future amortization$343,848 

Goodwill activity attributable to each reporting unit consisted of the following:
PVGAAGSSGTotal
Balance as of December 29, 2023$90,683 $257,972 $287,910 $636,565 
Acquisitions (Refer to Note 18. Acquisitions)
3,504 1,879 — 5,383 
Purchase price adjustments (Refer to Note 18. Acquisitions)
— (1,608)(670)(2,278)
Currency translation and other adjustments(124)— (41)(165)
Balance as of January 3, 2025$94,063 $258,243 $287,199 $639,505 
Impairment losses(95,328)(258,243)(203,695)(557,266)
Purchase price adjustments (Refer to Note 18. Acquisitions)
1,252 — — 1,252 
Currency translation and other adjustments13 — 71 84 
Balance as of January 2, 2026$— $— $83,575 $83,575 
v3.25.4
Accrued Expenses
 12 Months Ended
Jan. 02, 2026
Payables and Accruals [Abstract]  
Accrued Expenses Accrued Expenses
Accrued expenses consisted of the following:
January 2, 2026January 3, 2025
Payroll and related expenses$32,743 $24,402 
Income tax payable7,354 9,343 
Warranty15,173 21,593 
Current portion of lease liabilities16,221 16,683 
Accrued sales rebate7,031 7,852 
Other accrued expenses13,573 19,819 
Total accrued expenses$92,095 $99,692 
Activity related to warranties is as follows:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Beginning warranty liability$21,593 $20,001 $17,071 
Charge to cost of sales10,071 18,276 16,114 
Fair value of warranty assumed in acquisition— 514 391 
Costs incurred(16,491)(17,198)(13,575)
Ending warranty liability$15,173 $21,593 $20,001 
v3.25.4
Related Party Transactions
 12 Months Ended
Jan. 02, 2026
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
On March 3, 2023, the Company acquired all of the outstanding equity interest of Custom Wheel House. Custom Wheel House has building leases for its office facilities in California. The buildings are owned by the former owner of Custom Wheel House, who was an employee of the Company until May 2024. Rent expense under these leases was $371 and $600 for the years ended January 3, 2025 and December 29, 2023, respectively.
v3.25.4
Debt
 12 Months Ended
Jan. 02, 2026
Debt Disclosure [Abstract]  
Debt Debt
Credit Agreement
On April 5, 2022, the Company entered into a new credit agreement with Wells Fargo Bank, National Association, and other named lenders (the “Credit Agreement”). The Credit Agreement, which matures on April 5, 2027, provides for revolving loans, swingline loans and letters of credit up to an aggregate amount of $650,000.
The Company may borrow, prepay, and re-borrow principal under the Credit Agreement during its term. Advances under the Credit Agreement can be either Adjusted Term SOFR loans or base rate loans. SOFR rate revolving loans bear interest on the outstanding principal amount thereof for each interest period at a rate per annum equal to Term SOFR for such calculation plus 0.10% plus a margin ranging from 1.00% to 2.25%. Base rate revolving loans bear interest on the outstanding principal amount thereof at a rate per annum equal to the highest of (i) Federal Funds Rate plus 0.50%, (ii) the rate of interest in effect for such day as publicly announced from time to time by the administrative agent as its “prime rate”, and (iii) Adjusted Term SOFR rate for a one-month tenor plus 1.00%, subject to the interest rate floors set forth therein, plus a margin ranging from 0.00% to 1.00%.
On November 14, 2023, in connection and concurrently with the closing of the Marucci acquisition, the Company entered into the First Amendment amending the Credit Agreement. The First Amendment provided the Company with the Incremental Term A Loan in an amount of $400,000 and the Delayed Draw Term Loan in an amount of $200,000, each of which are permitted under the Credit Agreement, subject to satisfaction of certain conditions. The Incremental Term A Loan was fully funded on November 14, 2023 and used to fund a portion of the consideration owed under the Marucci acquisition. The Delayed Draw Term Loan was available to the Company for up to six months commencing on December 6, 2023, until the earlier of (a) May 14, 2024 and (b) the date on which the Delayed Draw Term commitments have been terminated. Each Incremental Term Loan is subject to quarterly amortization payments of principal at a rate of 5.00% per annum. The Incremental Term Loans are in the form of term SOFR loans and base rate loans, at the option of the Company, and have an applicable margin ranging from 0.50% to 1.50% for base rate loans and 1.50% to 2.50% for term SOFR loans, subject to adjustment provisions. Each Incremental Term Loan has a maturity date of April 5, 2027, consistent with the Credit Agreement.
The Company paid $10,063 in debt issuance costs, of which $6,709 were allocated to the Incremental Term A Loan and $3,354 were allocated to the Delayed Draw Term Loan. Loan fees allocated to the Incremental Term A Loan are amortized using the interest method over the term of the Credit Agreement. Loan fees allocated to the Delayed Draw Term Loan were deferred as an asset until the debt was drawn.
On May 13, 2024, the Company borrowed the full amount of $200,000 of the Delayed Draw Term Loan. The fees were reclassified to a contra-liability account and amortized over the term of the drawn debt using the interest method.
On July 31, 2024 and December 20, 2024, the Company entered into the Third and Fourth Amendments to the Credit Agreement, respectively, to secure an improved covenant profile on its capital structure to provide more flexibility given the uncertain macro environment. The Company paid $3,490 in loan fees for the Third and Fourth Amendments, of which $3,433 were allocated among the revolver and the Incremental Term Loans to be amortized over the remaining term of the Credit Agreement.
Amended Credit Agreement
On October 24, 2025, the Company entered into the Fifth Amendment among the Company, certain subsidiaries of the Company, Wells Fargo Bank, National Association, as administrative agent, swingline lender and L/C issuer, and a group of lenders party thereto. The Fifth Amendment amends the Credit Agreement, dated as of April 5, 2022, and the Guaranty and Security Agreement, dated as of April 5, 2022, as amended prior to the Fifth Amendment, which secures the obligations under the Credit Agreement in favor of the Agent for the benefit of the lenders and other secured parties. Terms not otherwise defined below will have the meaning as set forth in the Amended Credit Agreement.
The Fifth Amendment, among other things, amends the Credit Agreement to replace the existing loans provided under the Credit Agreement with (i) the Term Loan in the aggregate outstanding amount of $537,500, which will be repaid by the Company in quarterly installments in the amount of $6,719, (ii) the Revolving Credit Facility in an aggregate amount of up to $500,000, with sub-facilities for swing line loans in an aggregate amount of up to $25,000 and letters of credit in an aggregate amount of up to $25,000, and (iii) an incremental loan facility, subject to additional terms set forth in the Amended Credit Agreement, in an aggregate amount of up to $175,000 plus an unlimited amount so long as after giving effect to the incurrence of such incremental loans, on a pro forma basis, the Consolidated Net Leverage Ratio is less than 3.25. To the extent not previously paid, all then-outstanding amounts under the Term Loan and the Revolving Credit Facility are due and payable on October 24, 2030.
The Term Loan and advances under the Revolving Credit Facility can be either SOFR loans or base rate loans. SOFR loans bear interest on the outstanding principal amount thereof for each interest period at a rate per annum equal to the term SOFR for such calculation plus a margin ranging from 1.00% to 2.50%. Base rate loans bear interest on the outstanding principal amount thereof at a rate per annum equal to the highest of (i) Federal Funds Rate plus 0.50%, (ii) the rate of interest in effect for such day as publicly announced from time to time by the Agent as its “prime rate,” and (iii) term SOFR rate for a one-month tenor plus 1.00%, subject to the interest rate floors set forth in the Amended Credit Agreement, plus a margin ranging from 0.00% to 1.50%.
In connection with the Fifth Amendment, the Company borrowed $710,000 under the Amended Credit Agreement consisting of the $537,500 Term Loan and $172,500 under the Revolving Credit Facility, which was used to repay all outstanding amounts owed under the Credit Agreement prior to the Fifth Amendment and for general corporate purposes.
The Company paid $6,012 in debt issuance costs in connection with the Fifth Amendment, of which $5,782 were allocated between the Term Loan and the Revolving Credit Facility to be amortized over the term of the Amended Credit Agreement.
Additionally, the Company had $8,090 of remaining unamortized debt issuance costs related to the Credit Agreement, of which $6,313 were carried forward to the Amended Credit Agreement and $1,777 were written off as a loss on debt extinguishment. Debt issuance costs related to the Term Loan are presented as a direct deduction from the carrying amount of long-term debt on the consolidated balance sheet and are amortized using the effective interest method over the term of the Term Loan. Debt issuance costs related to the Revolving Credit Facility are presented in other non-current assets and are amortized on a straight-line basis over the term of the Revolving Credit Facility.
The Amended Credit Agreement is secured by substantially all of the Company’s assets, restricts the Company’s ability to make certain payments and engage in certain transactions, and requires that the Company satisfy customary financial ratios. The Company was in compliance with the covenants as of January 2, 2026.
At January 2, 2026, the one-month SOFR and three-month SOFR rates were 3.78% and 4.00%, respectively. At January 2, 2026, our weighted-average interest rate on outstanding borrowing was 6.05%.
The following table summarizes the revolver under the Amended Credit Agreement:
January 2, 2026January 3, 2025
Amount outstanding$150,000 $153,000 
Standby letters of credit$167 $155 
Available borrowing capacity$349,833 $496,845 
Total borrowing capacity$500,000 $650,000 
Maturity dateOctober 24, 2030April 5, 2027
As of January 2, 2026, future principal payments for term loan debt, including the current portion, as summarized as follows:
For fiscal yearJanuary 2, 2026
2026$26,875 
202726,875 
202826,875 
202926,875 
2030423,281 
Total$530,781 
Debt issuance cost(7,243)
Long-term debt, net of issuance cost523,538 
Less: current portion(26,875)
Long-term debt less current portion$496,663 
v3.25.4
Derivatives and Hedging
 12 Months Ended
Jan. 02, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives and Hedging Derivatives and Hedging
The Company is exposed to certain risks relating to its ongoing business operations. The primary risk managed by using derivative instruments is interest rate risk. The Company utilizes interest rate swaps to limit its exposure to interest rate risk by converting a portion of its floating-rate debt to a fixed-rate basis, thus reducing the impact of interest rate changes on future interest expense. Interest rate swaps involve the receipt of floating-rate amounts in exchange for fixed-rate interest payments based on the three-month Term SOFR over the lives of the agreements without an exchange of the underlying principal amounts. The Company hedges the variability of cash flows in interest payments associated with the first $500,000 of its variable rate debt through the interest rate swaps.
As of January 2, 2026 and January 3, 2025, the Company had the following interest rate swap contracts:
January 2, 2026January 3, 2025
Effective DateTermination DateNotional AmountUnrealized Gain (Loss) in AOCIUnrealized Gain (Loss) in AOCI
September 2, 2020June 11, 2021$200,000$— $16 
July 2, 2021April 5, 2022$200,000— 767 
April 5, 2022April 5, 2027$100,0001,068 2,650 
September 20, 2024December 26, 2025$100,000— (87)
September 20, 2024December 25, 2026$200,000(407)903 
September 20, 2024September 21, 2029$100,000(86)2,219 
December 26, 2025December 22, 2028$100,000(269)N/A
Total $306 $6,468 
On June 11, 2021, the Company terminated its existing swap agreement (the “2020 Swap Agreement”) with an effective date of September 2, 2020 and entered into an interest rate swap agreement (the “2021 Swap Agreement”) with an effective date of July 2, 2021 and a notional amount of $200,000. On April 5, 2022, the Company terminated its 2021 Swap Agreement and entered into a new interest rate swap agreement with a notional amount of $100,000 with an effective date of April 5, 2022. The terminated 2020 and 2021 Swap Agreements resulted in unrealized gains of $324 and $12,270, respectively, at the termination dates that continued to be accounted for in accumulated other comprehensive income and amortized into earnings over the term of the associated debt instrument. The remaining unrealized gains from the terminated agreements were fully amortized as of April 4, 2025.
On August 26, 2024, the Company entered into new interest rate swap agreements with an aggregate notional amount of $400,000, one of which matured on December 26, 2025. On December 16, 2025, the Company entered into a new three-year interest rate swap agreement, effective December 26, 2025, with a notional amount of $100,000.
The interest rate swaps are indexed to a three-month Term SOFR as defined in the agreements. The interest rate swaps met the criteria as cash flow hedges under ASC 815, Derivatives and Hedging (“ASC 815”), and are recorded to other assets or other liabilities on the consolidated balance sheets. Refer to Note 16. Fair Value Measurements and Financial Instruments for additional information on determining the fair value. The unrealized gains or losses, after tax, will be recorded in accumulated other comprehensive income, a component of equity, and are expected to be reclassified into interest expense on the consolidated statements of operations when the forecasted transactions affect earnings. As required under ASC 815, the interest rate swap contracts’ effectiveness will be assessed on a quarterly basis using a quantitative regression analysis.
The unrealized gains and losses deferred to accumulated other comprehensive income resulting from the derivative instruments designated as cash flow hedges for the years ended January 2, 2026, January 3, 2025, and December 29, 2023 were a loss of $1,406, and gains of $6,418, and $830, respectively. The reclassifications of gains from accumulated other comprehensive income into earnings related to the derivative instruments designated as cash flow hedges during the years ended January 2, 2026, January 3, 2025, and December 29, 2023 were $4,757, $8,640, and $6,775, respectively. The aggregate tax effects on activity in accumulated other comprehensive income associated with the derivative instruments designated as cash flow hedges during the years ended January 2, 2026, January 3, 2025, and December 29, 2023 were losses of $1,471, $466, and $1,303, respectively.
Over the next 12 months, the Company estimates that $306 will be reclassified as a decrease to interest expense related to the interest rate swap contracts.
v3.25.4
Commitments and Contingencies
 12 Months Ended
Jan. 02, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingent Liabilities
Indemnification Agreements - In the ordinary course of business, the Company may provide indemnifications of varying scope and terms to customers, vendors, lessors, business partners, and other parties with respect to certain matters, including, but not limited to, losses arising out of breach of such agreements, services to be provided by the Company or intellectual property infringement claims made by third parties. In addition, the Company entered into indemnification agreements with directors and certain officers and employees that will require the Company, among other things, to indemnify them against certain liabilities that may arise by reason of their status or service as directors, officers or employees. While the outcome of these matters cannot be predicted with certainty, the Company does not believe that the outcome of any claims under indemnification arrangements will have a material effect on the Company’s results of operations, financial position or liquidity.
Legal Proceedings - From time to time, the Company is involved in legal proceedings that arise in the ordinary course of business. Although the Company cannot assure the outcome of any such legal proceedings, based on information currently available, management does not believe that the ultimate resolution of any pending matters, either individually or in the aggregate, will have a material adverse effect on the Company’s financial condition, results of operations or cash flows.
On February 20, 2024, a complaint alleging violations of federal securities laws and seeking certification as a class action was filed against the Company and certain of its current and former officers in the United States District Court for the Northern District of Georgia in Atlanta. On August 16, 2024, the plaintiff filed an amended complaint that purported to seek damages on behalf of a putative class of persons who purchased the Company’s common stock between May 6, 2021 and November 2, 2023. The amended complaint asserted claims under Sections 10(b) and 20 of the Securities Exchange Act and alleged that the Company and certain current and former officers made material misstatements and omissions to investors regarding demand for the Company’s products and its inventory levels. The amended complaint generally sought money damages, interest, attorneys’ fees, and other costs. On October 15, 2024, the defendants filed a motion to dismiss the amended complaint, which plaintiff opposed. On March 13, 2025, the Court dismissed the amended complaint but granted plaintiff leave to file a second amended complaint. On April 14, 2025, plaintiff filed a second amended complaint asserting essentially the same claims and relief. The defendants moved to dismiss the second amended complaint on May 30, 2025, which plaintiff opposed on July 14, 2025, following which the defendants filed their reply on August 11, 2025. On February 10, 2026, the Court issued its opinion and order dismissing with prejudice the second amended complaint for failing to state a claim. Judgment was entered on February 12, 2026. If plaintiff chooses to appeal, it must file a notice of appeal on or before March 16, 2026.
On October 9, 2024, and October 29, 2024, two stockholder derivative complaints were filed in the United States District Court for the Northern District of Georgia against certain of the Company’s officers and its directors, with the Company named as a nominal defendant. The cases are assigned to the same judge presiding over the securities fraud class action. The complaints are premised on substantially the same factual allegations as the securities fraud class action, but in these complaints, the plaintiff claims that the Company’s officers and directors breached their fiduciary duties or otherwise engaged in wrongdoing by allowing the underlying securities fraud to occur. The court stayed these cases pending a final, non-appealable decision on the motion to dismiss the securities fraud litigation. The defendants deny all allegations of wrongdoing, believe the plaintiffs’ claims are without merit, and intend to vigorously defend themselves.
Bailment Pool Arrangements - The Company has relationships with several OEM partners, including General Motors (“GM”), Ford Motor Company (“Ford”), and Stellantis to obtain truck chassis. For Stellantis chassis, the Company pays a cash deposit upon transfer of the chassis to the Company’s premises, and records the chassis within prepaids and other current assets on the consolidated balance sheets until the chassis are transferred to the dealer customer’s floor plan, at which time the cash deposit is returned to the Company. For GM and Ford, the Company entered into floor plan financing agreements with the OEM. The Company receives an allocation of chassis and pays interest expense on the allocated value of chassis based on the duration of time they are on the Company’s premises. Bailment, which is the non-ownership transfer of the chassis from GM and Ford to the Company, ends when the vehicle is sold to an authorized dealer, or upon authorized return of the vehicle to the manufacturer. The Company does not pay a cash deposit to obtain GM and Ford chassis, and accordingly it does not recognize an asset or a liability related to these chassis. Interest payments made to manufacturer-affiliated finance companies are classified as operating activities in the consolidated statements of cash flows.
At January 2, 2026 and January 3, 2025, the Company utilized $9,566 and $36,008 out of a maximum of $38,300 and $36,100 of Ford allocation of chassis, respectively, and $11,152 and $10,857, respectively, out of a maximum of $49,500 and $49,500 GM allocation of chassis. The Company incurred $3,641 and $1,271 of interest expense related to chassis on hand during the years ended January 2, 2026 and January 3, 2025, respectively.
The following table sets forth a rollforward of GM and Ford chassis utilization:
For the fiscal years ended
January 2, 2026January 3, 2025
Beginning balance: Supplier financed chassis$46,865 $20,398 
Add: New supplier financed chassis240,833 298,156 
Less: Supplier financed chassis sold(266,980)(271,689)
Ending balance: Supplier financed chassis$20,718 $46,865 
v3.25.4
Stockholders' Equity
 12 Months Ended
Jan. 02, 2026
Share-Based Payment Arrangement [Abstract]  
Stockholders' Equity Stockholders’ Equity
Share Repurchase Plan
There were no repurchases of common stock during the fiscal year ended January 2, 2026. During the fiscal year January 3, 2025, the Company repurchased approximately 378 shares for $25,000, at an average price of $66.03. All repurchased shares were immediately retired. The aggregate cost of share repurchases and average price paid per share exclude 1% excise tax on share repurchases imposed as part of the Inflation Reduction Act of 2022. Common stock was reduced by the number of shares retired at $0.001 par value per share. The excess purchase price over par value was allocated between additional paid-in capital and retained earnings.
Equity Incentive Plan
The Company has outstanding awards under 2022 Omnibus Plan (the “2022 Plan”). Under the 2022 Plan, the Company has the ability to issue incentive stock options, non-statutory stock options, stock appreciation rights, restricted stock awards, RSUs, performance units and/or performance shares.
The 2022 Plan is administered by the Compensation Committee of the Board of Directors of the Company, which has the authority to determine the type of incentive award, as well as the terms and conditions of the awards. Options granted under the 2022 Plan have vesting periods ranging from one to 10 years and expire no later than 10 years from the date of grant. As of January 2, 2026, there were no outstanding options. RSUs generally vest over a three to four-year period with equal annual installments beginning at the end of one year and the remaining vesting annually thereafter. In addition to time-based vesting criteria, certain of our RSUs include performance-based vesting criteria. As of January 2, 2026, there were 2,094 shares available for issuance under the 2022 Plan. The Company generally issues new shares in connection with awards under its equity incentive plans.
Stock-Based Compensation
Compensation expense related to the Company’s share-based awards for the fiscal years ended January 2, 2026, January 3, 2025, and December 29, 2023 was $14,266, $9,606, and $16,465, respectively, all of which related to RSUs and performance share units (“PSUs”). No compensation expense related to stock options was incurred during the fiscal years ended January 2, 2026, January 3, 2025, and December 29, 2023.
The following table summarizes the allocation of stock-based compensation in the accompanying consolidated statements of operations:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Cost of sales$1,122 $1,124 $1,179 
General and administrative10,186 5,981 12,610 
Sales and marketing1,509 1,303 1,501 
Research and development1,449 1,198 1,175 
Total$14,266 $9,606 $16,465 

Stock-based compensation expense capitalized to inventory was not material for the years ended January 2, 2026, January 3, 2025, and December 29, 2023.
Restricted Stock Units
The Company grants both time-based and performance-based stock awards, which also include a time-based vesting feature. Compensation expense for time-based stock awards is measured at the grant date based on the closing market price of the Company’s common stock and recognized ratably over the vesting period.
For performance-based stock awards, compensation expense is measured based on estimates of the number of shares ultimately expected to vest at each reporting date based on management’s expectations regarding the relevant performance criteria. The recognition of compensation expense associated with performance-based stock awards requires defined criteria for assessing achievement and judgment in assessing the probability of meeting the performance goals.
The following table summarizes RSU activity:
Unvested RSUs
Number of shares outstandingWeighted-average grant date fair value
Unvested at December 30, 2022297 $87.05 
Granted135 $109.23 
Canceled(44)$90.91 
Vested(141)$83.97 
Unvested at December 29, 2023247 $100.21 
Granted333 $45.82 
Canceled(43)$71.30 
Vested(137)$94.76 
Unvested at January 3, 2025400 $59.88 
Granted572 $25.87 
Canceled(51)$38.43 
Vested(175)$65.90 
Unvested at January 2, 2026746 $33.95 
The fair value of vested RSUs was $3,901, $5,837, and $15,516 for the years ended January 2, 2026, January 3, 2025, and December 29, 2023, respectively. As of January 2, 2026, the Company had approximately $15,721 of unrecognized stock-based compensation expense related to RSUs, which will be recognized over the remaining weighted-average vesting period of approximately 1.75 years.
Performance Stock Units
During the year ended January 2, 2026, the Company issued PSUs to certain executives that represent shares potentially issuable in the future. Issuance is based upon the Company’s performance, over a three-year performance period, on certain measures including EBITDA margin. The PSUs vest only upon the achievement of the applicable performance goals for the performance period, and, depending on the actual achievement on the performance goals, the grantee may earn between 0% and 200% of the target PSUs. The fair value of PSUs is calculated based on the stock price on the date of grant.
The following table summarizes the activity for the Company’s unvested PSUs for the year ended January 2, 2026:
Unvested PSUs
Number of shares outstandingWeighted-average grant date fair value
Unvested at December 30, 202248 $126.69 
Granted45 $114.04 
Canceled(10)$120.08 
Vested(13)$141.57 
Unvested at December 29, 202370 $116.54 
Granted232 $46.38 
Canceled(26)$52.30 
Vested(30)$118.09 
Unvested at January 3, 2025246 $57.00 
Granted262 $26.14 
Canceled(6)$40.65 
Vested(38)$115.16 
Unvested at January 2, 2026464 $35.03 
The stock-based compensation expense recognized each period is dependent upon our estimate of the number of shares that will ultimately vest based on the achievement of certain performance conditions. Future stock-based compensation expense for unvested performance-based awards could reach a maximum of $17,134 assuming achievement at the maximum level. The unrecognized stock-based compensation expense is expected to be recognized over a weighted average period of 1.63 years.
Stock Options
There was no stock option activity during the years ended January 2, 2026, January 3, 2025, and December 29, 2023.
v3.25.4
(Net Loss) Earnings Per Share
 12 Months Ended
Jan. 02, 2026
Earnings Per Share [Abstract]  
(Net Loss) Earnings Per Share (Net Loss) Earnings Per Share
Basic earnings per share amounts are computed by dividing net (loss) income attributable to Fox stockholders for the period by the weighted average number of common shares outstanding during the period. Diluted earnings per share amounts are computed by dividing net (loss) income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. Potentially dilutive common shares include shares issuable upon the exercise of outstanding stock options and vesting of restricted stock units, which are reflected in diluted earnings per share by application of the treasury stock method.
When the Company incurs a net loss for a period, all potential common shares are considered anti-dilutive in accordance with ASC 260. Accordingly, diluted net loss per share is the same as basic net loss per share for such periods, and the impact of stock-based awards and other potentially dilutive securities is excluded from the computation of diluted net loss per share.
The Company excluded 271, 127, and 12 shares from the calculation of diluted earnings per share for the years ended January 2, 2026, January 3, 2025, and December 29, 2023, respectively, as these shares would have been antidilutive.
The following table presents the calculation of basic and diluted earnings per share:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Net (loss) income attributable to FOX stockholders$(544,579)$6,550 $120,846 
Weighted average shares used to compute basic earnings per share41,783 41,681 42,305 
Dilutive effect of employee stock plans— 36 127 
Weighted average shares used to compute diluted earnings per share41,783 41,717 42,432 
(Net loss) earnings per share:
Basic$(13.03)$0.16 $2.86 
Diluted$(13.03)$0.16 $2.85 
v3.25.4
Income Taxes
 12 Months Ended
Jan. 02, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Provision for Income Taxes
The components of income tax expense are as follows:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Current:
Federal$7,483 $9,464 $14,427 
State1,979 3,568 5,404 
Foreign3,823 4,646 5,850 
Total current13,285 17,678 25,681 
Deferred:
Federal(31,986)(21,107)(4,782)
State(9,852)(2,041)(2,693)
Foreign(3,016)(30)(389)
Total deferred(44,854)(23,178)(7,864)
(Benefit) provision for income taxes$(31,569)$(5,500)$17,817 
The Company’s income (loss) before provision for income taxes was subject to taxes in the following jurisdictions for the following periods:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
United States$(595,930)$(13,351)$114,128 
Foreign19,641 14,363 24,535 
Total income before provision for income taxes$(576,289)$1,012 $138,663 
The following table presents a reconciliation of the statutory federal rate and the Company’s effective tax rate for the periods presented:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
US Federal Statutory Income Tax Rate$(121,020)21.0 %$213 21.0 %$29,120 21 %
Domestic Federal:
Tax Credits
Research and Development Credit(1,201)0.2 (6,530)(645.2)(5,296)(3.8)
Foreign Tax Credit(2,341)0.4 (8,322)(822.3)(12,753)(9.2)
Nontaxable or Nondeductible Items
Goodwill Impairment90,471 (15.7)— 0.0 — 0.0 
Stock-based Compensation1,289 (0.2)1,981 195.7 419 0.3 
Meals and Entertainment Expense188 0.0 175 17.3 235 0.2 
Executive Compensation Deduction Limitation175 0.0 205 20.2 822 0.6 
Fines and Penalties Expense— 0.0 16 1.6 3 0.0 
Cross-Border tax laws
Global intangible low-taxed income2,100 (0.4)1,277 126.2 103 0.1 
Foreign-derived intangible income(820)0.1 (2,670)(263.8)(6,064)(4.4)
Other
Amended Return— 0.0 1,483 146.6 (1,035)(0.7)
Return to Provision67 0.0 (1,546)(152.7)1,469 1.1 
Deferred True Up(1,449)0.3 (2,465)(243.5)995 0.7 
Other296 (0.1)71 7.0 (283)(0.4)
Domestic state and local income taxes, net of federal effect(6,159)1.1 1,221 120.6 1,076 0.8 
Domestic changes in valuation allowance2,272 (0.4)573 56.6 — 0.0 
Foreign Tax Effects
Canada
Statutory income tax rate differential(10)0.0 178 17.6 130 0.1 
Non-Deductible Stock Compensation Expense (176)0.0 (137)(13.6)(106)(0.1)
SR&ED Credit Adjustment(37)0.0 (13)(1.3)9 0.0 
Other12 0.0 4 0.4 203 0.1 
Germany
Statutory income tax rate differential(211)0.0 221 21.8 45 0.0 
Other263 0.0 — 0.0 — 0.0 
Thailand
Changes in Valuation Allowance34 45 4.4 (141)(0.1)
Other(12)0.0 — 0.0 1 0.0 
Japan
Statutory income tax rate differential(3)0.0 (21)(2.1)(1)0.0 
Other163 0.0 — 0.0 — 0.0 
Sweden
Changes in Valuation Allowance(103)0.0 98 9.7 — 0.0 
Foreign NOLs103 0.0 62 6.2 — 0.0 
Other(3)0.0 2 0.2 1 0.0 
Taiwan
Statutory income tax rate differential(236)0.0 (141)(13.9)(227)(0.2)
Witholding taxes7,798 (1.4)7,412 732.3 7,753 5.6 
Other11 0.0 1 0.1 (4)0.0 
United Kingdom
Statutory income tax rate differential3 0.0 (41)(4.1)(36)0.0 
Foreign NOLs19 0.0 (25)0.0 (50)0.0 
Changes in Valuation Allowance(1,527)0.3 413 0.4 387 0.0 
Foreign Branch— 
Statutory income tax rate differential(1,425)0.2 774 0.8 24 0.0 
Other foreign jurisdictions(322)0.1 1 0.0 72 0.0 
Worldwide changes in unrecognized tax benefits222 0.0 (15)0.0 946 0.0 
Effective tax rate$(31,569)5.5 %$(5,500)(543.5)%$17,817 12.8 %
Deferred Income Taxes
January 2, 2026January 3, 2025
Deferred tax assets:
Foreign tax credits, including amounts associated with accrued charges$45,409 $47,394 
Capitalized research & development45,210 44,967 
 Lease liability19,321 21,368 
 Inventory 8,938 9,555 
 Accrued liabilities 7,369 7,519 
Interest Carryforward6,917 5,868 
Net operating losses5,005 2,071 
Research and development tax credits4,261 4,946 
Interest rate swap2,473 1,544 
Stock-based compensation72 — 
Other2,308 2,441 
Total deferred tax asset147,283 147,673 
Valuation allowance(2,927)(1,785)
Net deferred tax asset144,356 145,888 
Deferred tax liabilities:
Intangible assets(30,467)(63,016)
Lease right-of-use-asset(17,806)(21,389)
Depreciation(5,686)(12,554)
Other— (2,087)
Total deferred tax liability(53,959)(99,046)
Net deferred tax asset$90,397 $46,842 
As of January 2, 2026, the Company had foreign tax credits of $45,409 that begin to expire in 2028, unless previously utilized.
As of January 2, 2026, the Company assessed the realizability of deferred tax assets and evaluated the need for a valuation allowance for deferred tax assets for each jurisdiction based on the framework of ASC 740. For the year ended January 2, 2026, the valuation allowance increased by $1,142, primarily due to the establishment of a valuation allowance on branch foreign tax credits, partially offset by the release of U.K. net operating loss carryforward. It is reasonably possible that the company could record a material adjustment to the valuation allowance in the next twelve months related to the carrying value of foreign tax credits.
Unrecognized Tax Benefits
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Balance - beginning of period$29 $1,274 $119 
Increase related to current year tax positions281 686 1,274 
Decrease related to prior year tax positions(259)(1,931)(119)
Balance - end of period$51 $29 $1,274 
As of January 2, 2026, the Company had $51 of unrecognized tax benefits related to certain state tax positions. The Company regularly engages in discussions and negotiations with tax authorities regarding tax matters in various jurisdictions. It is reasonably possible that significant changes in the unrecognized tax benefit may occur within the next twelve months, including settlement of the full amount with the taxing authority.
The Company’s 2021 and forward federal tax returns, state tax returns from 2019 and forward, and foreign tax returns from 2021 and forward are subject to examination by tax authorities. In 2024, the IRS commenced an examination of our 2021 income tax return, which is ongoing.
v3.25.4
Fair Value Measurement and Financial Instruments
 12 Months Ended
Jan. 02, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurement and Financial Instruments Fair Value Measurements and Financial Instruments
The FASB’s Accounting Standards Codification 820, “Fair Value Measurements and Disclosures” requires the valuation of assets and liabilities required or permitted to be either recorded or disclosed at fair value based on hierarchy of available inputs as follows:
Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
Level 2: Quoted prices for similar assets and liabilities in active markets, quoted prices for identical assets and liabilities in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and
Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity).
The following table presents the Company’s hierarchy for its assets, liabilities and redeemable non-controlling interest measured at fair value on a recurring basis as of the following periods:
January 2, 2026January 3, 2025
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets:
Interest Rate Swaps$— $1,068 $— $1,068 $— $5,685 $— $5,685 
Deferred Compensation Plan Investments4,693 — — 4,693 4,394 — — 4,394 
Total assets measured at fair value$4,693 $1,068 $— $5,761 $4,394 $5,685 $— $10,079 
Liabilities:
Interest Rate Swaps$— $762 $— $762 $— $— $— $— 
Incremental Term Loans— 530,781 — 530,781 — 560,714 — 560,714 
Deferred Compensation Plan Liabilities4,675 — — 4,675 4,300 — — 4,300 
Revolver— 150,000 — 150,000 — 153,000 — 153,000 
Total liabilities measured at fair value$4,675 $681,543 $— $686,218 $4,300 $713,714 $— $718,014 
There were no transfers of assets or liabilities between Level 1, Level 2, and Level 3 categories of the fair value hierarchy during the years ended January 2, 2026, and January 3, 2025.
As of January 2, 2026, the carrying amount of the principal under the Company’s Amended Credit Agreement - Term Loan and Revolver approximated fair value because they had variable interest rates that reflected market changes in interest rates and changes in the Company’s net leverage ratio.
The Company mitigates the cash flow risk associated with changes in interest rates on its variable rate debt through interest rate swap agreements. Refer to Note 11. Derivatives and Hedging for additional details of the agreements. In accordance with ASC 815, interest rate swap contracts are recognized as assets or liabilities on the consolidated balance sheets and are measured at fair values. The fair values were estimated based on expected cash flows over the life of the swaps. These expected cash flows were determined using a pricing model that incorporated reasonable assumptions and available market data.
The Company invests in marketable securities to mitigate the risk associated with the investment return on the non-qualified deferred compensation plan provided to executives and non-employee directors. The investments are recorded as cash and cash equivalents at their quoted market price. The corresponding deferred compensation plan liabilities are recorded at fair value based on the quoted market price of the underlying investments and are included in accrued expenses on the consolidated balance sheets.
v3.25.4
Retirement Plan
 12 Months Ended
Jan. 02, 2026
Retirement Benefits [Abstract]  
Retirement Plan Retirement Plan
The Company established a 401(k) plan to provide tax deferred salary deductions for all eligible employees. Participants may make voluntary contributions to the 401(k) plan, limited by certain IRS restrictions. The Company made matching contributions of $6,490, $3,687, and $3,873 for each of the years ended January 2, 2026, January 3, 2025, and December 29, 2023, respectively.
v3.25.4
Acquisitions
 12 Months Ended
Jan. 02, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions Acquisitions
Acquisition of Custom Wheel House
On February 17, 2023 the Company entered into a Securities Purchase Agreement with CWH Holdco, LLC (“CWH”), CWH Blocker Corp., (“Blocker”), Thompson Street Capital Partners V, L.P., and each other member of CWH to purchase all of the outstanding equity of Blocker, and thereafter Blocker acquired all of the outstanding equity interest of CWH. CWH is the parent company of Custom Wheel House, LLC. Custom Wheel House is a designer, marketer, and distributor of high-performance wheels, performance off-road tires, and accessories, including the premier flagship brand Method Race Wheels. The Company believes that this acquisition will be complementary to its upfitting businesses and will help to expand its product offerings. This acquisition was financed through the Company’s existing Amended Credit Agreement. The acquisition was closed on March 3, 2023 and accounted for as a business combination.
The purchase price of Custom Wheel House is allocated to the assets acquired and liabilities assumed based on their estimated respective fair values as of March 3, 2023 with the excess purchase price allocated to goodwill. The weighted average amortization period of the total acquired intangible assets was 11 years. The weighted average amortization periods of the acquired trade name, customer relationship and core technology assets were 12, 7, and 10 years, respectively. The acquired goodwill represents the value of combining operations of Custom Wheel House and the Company, $25,000 of which is deductible for tax purposes.
The Company’s allocation of the purchase price to the net tangible and intangible assets acquired and liabilities assumed is as follows:
Fair market values
Tangible assets acquired$34,622 
Liabilities assumed(19,593)
Intangible assets48,753 
Goodwill66,002 
Total$129,784 
The Company incurred $1,001 of transaction costs related to the acquisition of Custom Wheel House during the year ended December 29, 2023. These costs are classified as general and administrative expenses in the accompanying consolidated statements of operations. The results of operations for Custom Wheel House have been included in the Company's consolidated statements of operations since the closing date of the acquisition on March 3, 2023. The total revenue and pre-tax loss for the year ended December 29, 2023 amounted to $65,558 and $1,630, respectively.
Acquisition of Marucci Sports LLC
On November 14, 2023, the Company, through Fox Factory, Inc., acquired 100% of the issued and outstanding stock of Wheelhouse Holdings Inc. ("Wheelhouse") from Compass Group Diversified Holdings LLC for $567,236, net of cash acquired. Wheelhouse is the parent company of Marucci, which is an industry-leading designer, manufacturer, and distributor of premium performance baseball, softball, and other sports-related products. Marucci also develops and licenses franchises for sports training facilities, and its customer base is primarily located in the United States and certain international markets. The Company believes the acquisition advances FOX’s position as a diversified provider of market-leading branded products with a proven ability to win over both professional athletes and passionate consumer bases, while positioning the combined company for future profitable growth. This transaction was accounted for as a business combination.
The purchase price of Marucci is allocated to the assets acquired and liabilities assumed based on their estimated respective fair values as of November 14, 2023 with the excess purchase price allocated to goodwill. The following table summarizes the fair values of the identifiable assets acquired and liabilities assumed at the date of the acquisition:
Acquisition consideration
Cash consideration, net of cash acquired$567,092 
Due to sellers144 
Total consideration at closing$567,236 
Fair market values
Accounts receivable$31,268 
Inventory52,672 
Prepaid and other current assets1,256 
Property, plant and equipment19,257 
Lease right-of-use assets9,423 
Trademarks and brands174,700 
Customer and distributor relationships83,800 
Core technologies20,600 
Goodwill244,120 
Other assets583 
Total assets acquired$637,679 
Accounts payable$13,626 
Accrued expenses10,512 
Other current liabilities1,854 
Deferred Taxes37,462 
Other liabilities6,989 
Total liabilities assumed$70,443 
Purchase price allocation$567,236 
The gross contractual accounts receivable acquired in the acquisition was $32,455, of which $1,187 was not expected to be collected.
The Company incurred $3,798 of acquisition costs in conjunction with the Marucci acquisition. These costs are classified as general and administrative expenses in the accompanying consolidated statements of operations. Additional debt issuance costs of $6,709 were incurred in association with financing the transaction. Refer to Note 10. Debt for further details.
The values assigned to the identifiable intangible assets were determined by discounting the estimated future cash flows associated with these assets to their present value. The goodwill of $244,120 reflects the strategic fit of Marucci with the Company’s operations. The weighted average amortization period of the total acquired intangible assets was 16 years. The weighted average amortization periods of the customer and distributor relationship, trade name and trademark, and developed technology assets were 18, 15, and 13 years, respectively. Goodwill is expected to have an indefinite life and will be subject to impairment testing. The goodwill is not deductible for income tax purposes. Marucci previously purchased intangibles in asset acquisitions with a remaining net tax basis approximating $57,735, which the Company may deduct for income tax purposes.
The results of operations for Marucci have been included in the Company's consolidated statements of operations since the closing date of the acquisition on November 14, 2023. The total revenue and pre-tax income for the year ended January 3, 2025 amounted to $192,372 and $9,989, respectively. The total revenue and pre-tax loss for the year ended December 29, 2023 amounted to $16,791 and $3,150, respectively.
Acquisition of Marzocchi Suspension S.r.l.
On December 19, 2024, the Company, through Marzocchi Suspension Holding S.r.l., acquired all of the outstanding equity of Marzocchi from VRM S.P.A. for $20,501, net of cash acquired. Marzocchi is a leader in motorbike suspension manufacturing. The Company believes that this acquisition will be complementary to its powered vehicle businesses and will help to expand its product offerings. This transaction was accounted for as a business combination.
The purchase price of Marzocchi is allocated to the assets acquired and liabilities assumed based on their estimated respective fair values as of December 19, 2024 with the excess purchase price allocated to goodwill. During the year ended January 2, 2026, and translated into U.S. dollars using the exchange rate at the acquisition date, the Company recorded a decrease of $1,058 to accounts receivable, and increases of $744 to other assets, $411 to accrued expenses, $413 to other liabilities, and $1,138 to goodwill. The following table summarizes the fair values of the identifiable assets acquired and liabilities assumed at the date of the acquisition:
Acquisition consideration
Cash consideration, net of cash acquired$20,501 
Total consideration at closing$20,501 
Fair market value
Accounts receivable$5,648 
Inventory12,097 
Prepaids and other current assets1,527 
Property, plant, and equipment5,888 
Trademarks and brands1,500 
Customer and distributor relationships2,000 
Goodwill4,613 
Other assets5,601 
Total assets acquired$38,874 
Accounts payable$12,175 
Accrued expenses2,587 
Deferred tax liability840 
Other liabilities2,771 
Total liabilities assumed$18,373 
Purchase price allocation$20,501 
The gross contractual accounts receivable acquired in the acquisition was $5,648, all of which had been collected as of January 2, 2026.
The Company incurred $2,004 of acquisition costs in conjunction with the Marzocchi acquisition, of which $528 were incurred during the years ended January 2, 2026. These costs are classified as general and administrative expenses in the accompanying consolidated statements of operations.
The values assigned to the identifiable intangible assets were determined by discounting the estimated future cash flows associated with these assets to their present value. The goodwill of $4,613 reflects the strategic fit of Marzocchi with the Company’s operations. The weighted average amortization periods of the customer and distributor relationships and trade names and trademarks were 15 years. Goodwill is expected to have an indefinite life and will be subject to impairment testing. In the acquisition of Marzocchi, the Company stepped up the intangibles by $3,500, which is not deductible for Italian income tax purposes.
The results of operations for Marzocchi have been included in the Company's consolidated statements of operations since the closing date of the acquisition on December 19, 2024. The total revenues and pre-tax loss for the year ended January 2, 2026 amounted to $40,600 and $9,619, respectively.
v3.25.4
Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Jan. 02, 2026
Foreign Currency [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in accumulated other comprehensive income (loss):
Interest Rate SwapsForeign Currency TranslationTotal
Balance as of December 29, 2023
$10,522 $(1,481)$9,041 
Change in interest rate swaps fair value6,418 — 6,418 
Net gain reclassified to interest expense(8,460)— (8,460)
Income tax provision on interest rate swaps(466)— (466)
Foreign currency translation adjustments— (6,309)(6,309)
Balance as of January 3, 2025
$8,014 $(7,790)$224 
Change in interest rate swaps fair value(1,406)— (1,406)
Net gain reclassified to interest expense(4,757)— (4,757)
Income tax provision on interest rate swaps(1,471)— (1,471)
Foreign currency translation adjustments— 8,242 8,242 
Balance as of January 2, 2026
$380 $452 $832 
v3.25.4
Segment Information
 12 Months Ended
Jan. 02, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Due in part to how we operate our business and to best serve our customers, we manage our activities based on three operating segments: Powered Vehicles Group, Aftermarket Applications Group, and Specialty Sports Group. All of our segments design, engineer and manufacture performance-defining products and systems for customers worldwide.
The following is a description of our operating segments.
Powered Vehicles Group: This segment operates 2 plants in the United States and 1 plant in Italy. Our premium products sold under the FOX brand are for off-road vehicles and trucks, side-by-sides, on-road vehicles with and without off-road capabilities, ATVs, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. These products are sold through both OEM and aftermarket channels.
Aftermarket Applications Group: This segment operates 13 plants across the United States. Our range of aftermarket applications products includes premium products under the BDS Suspension, Zone Offroad, JKS Manufacturing, RT Pro UTV, 4x4 Posi-Lok, Ridetech, Tuscany, Outside Van, SCA, and Custom Wheel House brands designed for off-road vehicles and trucks, side-by-sides, on-road vehicles with or without off-road capabilities, specialty vehicles and applications, and commercial trucks.
Specialty Sports Group: This segment operates 8 plants and 11 distribution facilities (9 in the United States, 3 in Taiwan, and 1 facility each in Australia, Canada, Germany, Japan, Sweden, Switzerland, and United Kingdom). Our bike product offerings are used on a wide range of performance mountain bikes, e-bikes and gravel bikes under the FOX, Race Face, Easton Cycling and Marzocchi brands. These products are sold through both OEM and aftermarket channels. Our products for diamond sports include premium baseball and softball equipment under the Marucci, Victus, Lizard Skins, and Baum Bat brands and are sold through dealers and distributors and through direct-to-customer channels.
Net sales and expenses are measured in accordance with the policies and procedures described in Note 1. Business and Summary of Significant Accounting Policies.
We measure the profitability and financial performance of our operating segments based on adjusted EBITDA. Adjusted EBITDA provides a measure of our underlying segment results that is in line with our approach to risk management. We define adjusted EBITDA as net income adjusted for (a) interest expense, (b) income tax or tax benefits, (c) amortization including amortization of purchased intangibles, (d) depreciation, (e) stock-based compensation, (f) litigation and settlement related expenses, (g) organizational restructuring expenses, (h) acquisition and integration-related expenses, (i) strategic transformation costs, (j) goodwill impairment, and (k) intangible and long-lived asset impairment. Adjusted EBITDA Margin is defined as adjusted EBITDA divided by net sales.
Segment asset information is not presented because it is not evaluated by the CODM at the segment level. All transactions between reportable segments are eliminated in consolidation.
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 fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Net sales
Powered Vehicles Group$488,143 $461,403 $523,862 
Aftermarket Applications Group470,013 421,453 551,143 
Specialty Sports Group509,165 511,065 389,173 
Net sales$1,467,321 $1,393,921 $1,464,178 
Adjusted EBITDA
Powered Vehicles Group62,283 53,819 79,159 
Aftermarket Applications Group55,769 51,745 126,784 
Specialty Sports Group107,642 117,811 117,766 
$225,694 $223,375 $323,709 
Reconciliation of segment adjusted EBITDA
Unallocated corporate expenses(57,338)(56,362)(62,661)
Goodwill impairment(557,307)— — 
Intangible and long-lived asset impairment
(13,517)— — 
Depreciation and amortization(1)
(88,398)(83,566)(58,603)
Non-cash stock-based compensation(14,266)(9,606)(16,465)
Litigation and settlement-related expenses(2,042)(4,329)(2,724)
Other acquisition and integration-related expenses(2)
(2,375)(8,054)(19,214)
Organizational restructuring expenses(3)
(13,890)(3,218)(3,952)
Loss on fixed asset disposals related to organizational restructure— — (1,027)
Strategic transformation costs(491)(1,689)— 
Interest and other expense, net(52,359)(55,539)(20,400)
Consolidated income before income taxes$(576,289)$1,012 $138,663 
(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 and property, plant and equipment valuation adjustments recorded in connection with the purchase of acquired assets.
(3) Represents expenses associated with various restructuring initiatives. See Note 21. Restructuring Charges for more information.
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 fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Powered Vehicles Group$425,860 $407,584 $444,703 
Aftermarket Applications Group414,244 369,708 424,359 
Specialty Sports Group401,523 393,254 271,407 
v3.25.4
Restructuring Charges
 12 Months Ended
Jan. 02, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Charges Restructuring Charges
During the fiscal year ended January 2, 2026, the Company undertook various restructuring initiatives intended to improve operational efficiency, realign resources, and support the Company’s long-term strategic objectives, which resulted in costs for employee severance, relocation expenses, consulting and advisory fees, and losses related to lease terminations and disposal of fixed assets. The majority of the costs were related to our footprint consolidations and workforce reductions.
Obligations related to these restructuring activities, primarily severance and lease termination costs, were settled shortly after they were incurred. No material restructuring liabilities remained outstanding as of January 2, 2026.
The following table summarizes the charges recorded in connection with the restructuring activities by reportable segment:
For the fiscal year ended January 2, 2026
PVGAAGSSGCorporateTotal
Facility closure and other related costs$— $7,369 $3,880 $— $11,249 
Severance and employee related costs29 199 1,892 194 2,314 
Other restructuring costs13 — 12 302 327 
$42 $7,568 $5,784 $496 $13,890 
v3.25.4
Subsequent Events
 12 Months Ended
Jan. 02, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Subsequent to January 2, 2026, the Company initiated a process to divest its Phoenix, Arizona AAG operations, including the Upfit UTV, Geiser, and Shock Therapy businesses, as part of ongoing efforts to streamline operations. The divestiture is expected to be completed by the end of the first quarter of fiscal 2026. The Company is continuing to evaluate the financial reporting implications of this anticipated transaction.
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Jan. 02, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Jan. 02, 2026
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Jan. 02, 2026
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
Our cybersecurity risk management program includes:
•policies, processes, and tools designed to identify, assess, and mitigate cyber risks across all aspects of our operations;
•a cybersecurity team principally responsible for managing our cybersecurity risk assessment processes, our security controls, and our response to cybersecurity incidents (as such term is used and defined in Item 106(a) of Regulation S-K, as amended and supplemented, of the Securities Act (“Regulation S-K”));
•the use of external service providers, where appropriate, to assess, test, monitor, or otherwise assist with aspects of our cybersecurity controls;
•cybersecurity awareness training for our employees and contractors; and
•a Cybersecurity Incident Response Plan that includes procedures for responding to cybersecurity incidents.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block]
We developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management program is integrated into our overall enterprise risk management program and shares common methodologies, reporting channels, and governance processes that apply across other legal, strategic, operational, and financial risk areas.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
Our Board of Directors has ultimate oversight of cybersecurity risk, which it manages as part of our enterprise risk management program while our executive officers are responsible for the day-to-day management of the material risks we face. Our Board of Directors administers its cybersecurity risk oversight function directly, as well as through the Audit Committee of the Board of Directors, and receives regular updates on relevant information regarding cybersecurity.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]
Our Board of Directors has ultimate oversight of cybersecurity risk, which it manages as part of our enterprise risk management program while our executive officers are responsible for the day-to-day management of the material risks we face. Our Board of Directors administers its cybersecurity risk oversight function directly, as well as through the Audit Committee of the Board of Directors, and receives regular updates on relevant information regarding cybersecurity.
The Audit Committee receives regular reports from management on our Company's cybersecurity risks and activities, including but not limited to any recent cybersecurity incidents and related responses, and any cybersecurity systems testing. In addition, management updates the Audit Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser potential impact.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]
Our Board of Directors has ultimate oversight of cybersecurity risk, which it manages as part of our enterprise risk management program while our executive officers are responsible for the day-to-day management of the material risks we face. Our Board of Directors administers its cybersecurity risk oversight function directly, as well as through the Audit Committee of the Board of Directors, and receives regular updates on relevant information regarding cybersecurity.
The Audit Committee receives regular reports from management on our Company's cybersecurity risks and activities, including but not limited to any recent cybersecurity incidents and related responses, and any cybersecurity systems testing. In addition, management updates the Audit Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser potential impact.
Cybersecurity Risk Role of Management [Text Block]
The Audit Committee receives regular reports from management on our Company's cybersecurity risks and activities, including but not limited to any recent cybersecurity incidents and related responses, and any cybersecurity systems testing. In addition, management updates the Audit Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser potential impact.
Our Chief Information Officer, who oversees our cybersecurity team, is responsible for assessing and managing our material risks from cybersecurity threats (as such term is used and defined in Item 106(a) of Regulation S-K). The Chief Information Officer and our cybersecurity team have primary responsibility for our overall cybersecurity risk management program and supervise both our internal personnel dedicated to cybersecurity as well as our engaged and retained external cybersecurity consultants. Our cybersecurity team is supported by the information technology department as well as our engaged third parties and our retained service providers and, in addition, is informed about policies and processes to monitor the prevention, detection, mitigation, and remediation of cybersecurity incidents. Our Chief Information Officer has over 20 years of experience in managing large-scale information technology infrastructure and associated technologies and other members of our cybersecurity team have experience and certifications relevant to cybersecurity. In addition, all personnel involved in cybersecurity engage in regular training on cybersecurity matters.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Our Chief Information Officer, who oversees our cybersecurity team, is responsible for assessing and managing our material risks from cybersecurity threats (as such term is used and defined in Item 106(a) of Regulation S-K). The Chief Information Officer and our cybersecurity team have primary responsibility for our overall cybersecurity risk management program and supervise both our internal personnel dedicated to cybersecurity as well as our engaged and retained external cybersecurity consultants.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our Chief Information Officer has over 20 years of experience in managing large-scale information technology infrastructure and associated technologies and other members of our cybersecurity team have experience and certifications relevant to cybersecurity. In addition, all personnel involved in cybersecurity engage in regular training on cybersecurity matters.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]
Our Chief Information Officer, who oversees our cybersecurity team, is responsible for assessing and managing our material risks from cybersecurity threats (as such term is used and defined in Item 106(a) of Regulation S-K). The Chief Information Officer and our cybersecurity team have primary responsibility for our overall cybersecurity risk management program and supervise both our internal personnel dedicated to cybersecurity as well as our engaged and retained external cybersecurity consultants. Our cybersecurity team is supported by the information technology department as well as our engaged third parties and our retained service providers and, in addition, is informed about policies and processes to monitor the prevention, detection, mitigation, and remediation of cybersecurity incidents. Our Chief Information Officer has over 20 years of experience in managing large-scale information technology infrastructure and associated technologies and other members of our cybersecurity team have experience and certifications relevant to cybersecurity. In addition, all personnel involved in cybersecurity engage in regular training on cybersecurity matters.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Description of the Business, Basis of Presentation and Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Jan. 02, 2026
Accounting Policies [Abstract]  
Basis of Presentation Basis of Presentation - The accompanying consolidated financial statements have been prepared in accordance with United States of America (“U.S.”) generally accepted accounting principles (“GAAP”).
Change in Fiscal Year
Fiscal Year Calendar - The Company operates using a 52-53-week fiscal year calendar ending on the Friday nearest to December 31. Therefore, the financial results of certain fiscal years and quarters, which will contain 53 and 14 weeks, respectively, will not be exactly comparable to the prior and subsequent fiscal years and quarters, which contain 52 and 13 weeks, respectively. For the fiscal years 2025, 2024, and 2023, the Company’s fiscal year ended on January 2, 2026, January 3, 2025, and December 29, 2023 and had 52, 53, and 52 weeks, respectively.
Principles of Consolidation Principles of Consolidation - The consolidated financial statements include the Company and its subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.
Use of Estimates
Use of Estimates - The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. These estimates are based on information available as of the date of the financial statements; therefore, actual results could differ from management’s estimates.
Foreign Currency Translation and Transaction
Foreign Currency Translation and Transaction - The functional currency of the Company’s non-U.S. entities is the local currency of the respective operations. The Company translates the financial statements of its non-U.S. entities into U.S. Dollars each reporting period for purposes of consolidation. Assets and liabilities of the Company’s foreign subsidiaries are translated at the period-end currency exchange rates while sales and expenses are translated at the average currency exchange rates in effect for the period. The effects of these translation adjustments are a component of other comprehensive income.
Cash and Cash Equivalents Cash and Cash Equivalents - Cash consists of cash maintained in checking or money market accounts. All highly liquid investments purchased with an original maturity date of 90 days or less at the date of purchase are considered to be cash equivalents.
Accounts Receivable
Accounts Receivable - Accounts receivable are unsecured customer obligations which generally require payment within various terms from the invoice date. The receivables are stated at the invoice amount. Financing terms vary by customer. Invoices are considered past due when payment is not received within the terms stated within the contract. Payments of accounts receivable are applied to the specific invoices identified on the customer’s remittance advice or if unspecified, generally to the earliest unpaid invoices.
The carrying amount of accounts receivable is reduced by an allowance for credit losses that reflects management’s best estimate of amounts that may not be collected. All accounts or portions thereof deemed to be uncollectible or that may require an excessive collection cost are written off to the allowance for credit losses. The Company records the allowance for credit losses using the aging method, considering the length of time a receivable has been outstanding. This assessment incorporates historical credit loss rates, current conditions, and reasonable and supportable forecasts of future economic conditions that may impact collectability. Our methodology follows the expected credit loss model, which not only accounts for past events and incurred losses but also integrates forward-looking information to estimate potential credit deterioration. If circumstances change, such as higher-than-expected defaults or an unexpected material adverse change in a major customer’s financial condition, we reassess our estimates to determine whether the recoverability of amounts due could be materially impacted.
Concentration of Credit Risk
Concentration of Credit Risk - Financial instruments, which potentially subject the Company to significant concentrations of credit risk, consist primarily of cash and accounts receivable. As of January 2, 2026 the Company held $49,063 in cash at U.S. subsidiaries and $8,946 at subsidiaries outside the U.S. The account balances may significantly exceed the insurance coverage provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions with reputable credit and therefore bear minimal credit risk. The Company has not experienced any losses in its uninsured accounts.
The Company mitigates its credit risk with respect to accounts receivable by performing ongoing credit evaluations and monitoring of its customers’ accounts receivable balances.
Inventories
Inventories - Inventories are stated at the lower of actual cost (or standard cost which generally approximates actual costs on a first-in first-out basis) or net realizable value. Cost includes raw materials and inbound freight, as well as direct labor and manufacturing overhead for products we manufacture. Net realizable value is based on current replacement cost for raw materials and on a net realizable value for finished goods. Adjustments to reduce the cost of inventory to its net realizable value are made, if required, for estimated excess, obsolescence or impaired balances.
Property and Equipment
Property and Equipment - Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Maintenance and repairs are charged to expense as incurred, and improvements and betterments are capitalized. When assets are retired or otherwise disposed of, the cost and accumulated depreciation and amortization are removed from the balance sheet, and any resulting gain or loss is reflected in operations in the period realized.
Leasehold improvements are amortized on a straight-line basis over the terms of the lease, or the useful lives of the assets, whichever is shorter. The value assigned to land associated with buildings we own is not amortized. Depreciation and amortization periods for the Company’s property and equipment are as follows:
Asset ClassificationEstimated useful life
Building and building improvements
15-39 years
Information systems, office equipment and furniture
3-7 years
Internal-use computer software
10 years
Land improvements
15 years
Machinery and manufacturing equipment
5-15 years
Transportation equipment
3-5 years
Internal Use Computer Software Costs
Internal-use Computer Software Costs - Costs incurred to purchase and develop computer software for internal use are capitalized during the application development and implementation stages. These software costs have been for enterprise-level business and finance software that is customized to meet the Company’s operational needs. Capitalized costs are included in property and equipment and are amortized on a straight-line basis over the estimated useful life of the software beginning when the software project is substantially complete and placed in service. Costs incurred during the preliminary project stage and costs for training, data conversion, and maintenance are expensed as incurred.
Business Combinations
Business Combinations - The Company accounts for acquisitions of entities that include inputs and processes and have the ability to create outputs as business combinations. The Company allocates the purchase price of the acquisition to the tangible assets acquired, liabilities assumed, and identifiable intangible assets acquired based on their estimated fair values. The excess of the purchase price over those fair values is recorded as goodwill. Acquisition-related expenses and restructuring costs are expensed as incurred. During the measurement period, the Company records adjustments to provisional amounts recorded for assets acquired and liabilities assumed with the corresponding offset to goodwill. After the measurement period, which could be up to one year after the transaction date, subsequent adjustments are recorded to the Company’s consolidated statements of operations.
Goodwill and Intangible Assets
Goodwill and Indefinite-Lived Intangible Assets - Goodwill represents the excess of purchase price over the fair value of the net assets of businesses acquired. On an annual basis, the Company makes a qualitative assessment to determine if it is more likely than not that the fair value of the reporting unit is less than its carrying amount, including goodwill. If the Company determines that the fair value of the reporting unit is less than its carrying amount, it will perform a quantitative analysis; otherwise, no further evaluation is necessary. For the quantitative impairment test, the Company compares the fair value of the reporting unit to its carrying value, including goodwill. The Company determines the fair value of the reporting unit based on a weighting of income and market approaches. The income approach employs a discounted cash flow model, projecting revenue and cash flows over a multi-year period. These projections are based on management’s estimates, historical performance trends, and industry outlooks. These cash flows, along with a terminal value, are discounted to their present value using a WACC that reflects a market rate appropriate for each reporting unit. The market approach employs multiples for public companies that reasonably compare to the reporting units. If the fair value of the reporting unit exceeds the carrying value of the net assets assigned to that reporting unit, goodwill is not impaired and no further testing is performed. If the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, then the Company will recognize a loss equal to the excess, limited to the total amount of goodwill allocated to that reporting unit. Additional impairment may be recognized in connection with the write-off of associated deferred tax liabilities that are no longer needed due to the decrease in goodwill. All impairments, if any, are charged directly to earnings. In early fiscal year 2025, the Company recognized a non-cash goodwill impairment charge of $262,129 within operating expenses, which impacted all reporting units. The impairment resulted from a triggering event related to adverse changes in U.S. tariff policies, new and expanded tariffs enacted by the current presidential administration, and resulting sustained decline in our stock price. The impairment charge reflects the amount by which the carrying values of the reporting units exceeded their estimated fair values. In the second quarter, the Company conducted a qualitative assessment and concluded that no additional impairment existed as of July 4, 2025. The annual impairment assessment was performed in the third quarter, and the Company concluded that it was not more likely than not that the fair values of the reporting units were less than the carrying values. In the fourth quarter, the Company conducted another quantitative impairment assessment due to a further sustained decrease in our stock price and recorded a non-cash goodwill impairment charge of $295,178 within operating expenses. Refer to Note 7. Goodwill and Intangible Assets for the goodwill impairment charges by reporting unit.
While the Company believes that the estimates and assumptions used in the impairment test are reasonable, changes in key assumptions, including lower revenue growth, terminal growth rate, or increase in WACC could result in a future goodwill impairment. As of January 2, 2026, SSG was the only reporting unit with a remaining goodwill balance following the recorded goodwill impairment charges. Based on the most recent quantitative assessment, and for purposes of this sensitivity analysis assuming a 100% weighting to the income approach, a 1.5% increase in the WACC would result in a full future impairment of SSG’s remaining goodwill.
Certain trademarks and brands are considered to be indefinite life intangibles and are not amortized but are subject to testing for impairment annually.
Self Insurance Self-Insurance - The Company is self-insured for its U.S. employee health and welfare benefits. The Company’s liability for self-insurance is based on claims filed and an estimate of claims incurred but not yet reported. The Company considers a number of factors, including historical claims information, when determining the amount of the accrual. Costs related to the administration of the plan and related claims are expensed as incurred. The Company has third-party insurance coverage to limit exposure for individually significant claims.
Revenue Recognition
Revenue Recognition - Revenues are generated from the sale of performance-defining products and systems to customers worldwide. The Company’s performance-defining products and systems are solutions that improve performance of powered vehicles, bikes, and baseball and softball gear and equipment. Powered vehicles include side-by-sides, on-road vehicles with off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles and applications, and motorcycles.
Revenue is measured based on the consideration specified in a contract with a customer. The Company recognizes revenue when it satisfies a performance obligation by transferring control of a product to a customer, generally at the time of shipment. Contracts are generally in the form of purchase orders and are governed by standard terms and conditions. For larger OEMs, the Company may also enter into master agreements. Sales tax and other similar taxes are excluded from revenues. Revenues generated from upfit packages generally do not include the vehicle chassis, as the Company is not the principal in this arrangement and the automotive dealer purchases the chassis directly from the OEM. The Company is required to place a deposit recognized as a prepaid asset on Stellantis vehicle chassis, however that deposit is refunded when the chassis is sold through to the end customer. For other chassis, the Company entered into floor plan financing agreements, in which the Company pays interest expense based on the duration of time the chassis stay on the Company's premises. Revenues generated from upfit packages from our Outside Van subsidiary generally include the vehicle chassis, of which the Company has the risks and rewards of ownership.
We elected as a practical expedient to not capitalize the incremental costs to obtain contracts with customers since the amortization period would have been one year or less.
Provisions for discounts, rebates, sales incentives, returns, and other adjustments are generally provided for in the period the related sales are recorded, based on management’s assessment of historical trends and projection of future results.
Cost of Sales
Cost of Sales - Cost of sales primarily consists of materials and labor expense in the manufacturing of the Company’s products sold to customers. Cost of sales also includes provisions for excess and obsolete inventory, warranty costs, certain allocated costs for facilities, depreciation and other manufacturing overhead. Additionally, it includes stock-based compensation for personnel directly involved with manufacturing the Company’s product offerings.
Shipping and Handling Fees and Costs
Shipping and Handling Fees and Costs - The Company includes shipping and handling fees billed to customers in sales. Shipping costs associated with freight are capitalized as part of inventory and included in cost of sales as products are sold.
Sales and Marketing
Sales and Marketing - Our sales and marketing expenses include costs related to our sales, customer service and marketing personnel, including their wages, employee benefits and related stock-based compensation, and occupancy-related expenses. Other significant sales and marketing expenses include commissions paid to outside sales representatives, promotional materials and products, our sales office costs, race support and sponsorships of events and athletes, advertising and promotions related to trade shows, and travel and entertainment.
Advertising - Advertising costs are expensed as incurred and recorded as sales and marketing expenses on our consolidated statements of operations. Costs incurred for advertising totaled $10,524, $10,695, and $6,717 for the years ended January 2, 2026, January 3, 2025, and December 29, 2023, respectively.
Research and Development
Research and Development - Research and development expenses consist primarily of salaries and personnel costs, including wages, employee benefits and related stock-based compensation for the Company’s engineering, research and development teams, occupancy-related expenses, fees for third party consultants, service fees, and expenses for prototype tooling and materials, travel, and supplies. The Company expenses research and development costs as incurred.
General and Administrative General and Administrative - General and administrative expenses include costs related to executive, finance, information technology, human resources and administrative personnel, including wages, employee benefits and related stock-based compensation expenses. The Company records professional and contract service expenses, occupancy-related expenses associated with corporate locations and equipment, and legal expenses in general and administrative expenses.
Stock-Based Compensation
Stock-Based Compensation - The Company measures stock-based compensation for all stock-based awards, including stock options and RSUs, based on their estimated fair values on the date of the grant and recognizes the stock-based compensation cost for time-vested awards on a straight-line basis over the requisite service period. For performance-based RSUs, the number of shares ultimately expected to vest is estimated at each reporting date based on management’s expectations regarding the relevant performance criteria. To the extent shares are expected to vest, the stock-based compensation cost is recognized on a straight-line basis over the requisite service period. The fair value of each stock option granted is estimated using the Black-Scholes option-pricing model. The Company does not estimate forfeitures in recognizing stock-based compensation expense. The fair value of the RSUs is equal to the fair value of the Company’s common stock, that is a derivative of RSUs, on the grant date of the award.
Income Taxes
Income Taxes - Income taxes are computed using the asset and liability method, under which deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to affect taxable income. Operating loss and tax credit carryforwards are measured by applying currently enacted tax laws. Valuation allowances are provided when necessary to reduce net deferred tax assets to an amount that is more likely than not to be realized.
The Company accounts for global intangible low-taxed income (“GILTI”) in the year the tax is incurred, rather than recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years. The net GILTI inclusion for the year ended January 2, 2026 was partially offset by foreign tax credits associated with the income.
The Company recognizes the tax effects of an uncertain tax position only if it is more likely than not to be sustained based solely on its technical merits as of the reporting date and then only in an amount more likely than not to be sustained upon review by the tax authorities. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments, and which may not accurately anticipate actual outcomes.
Warranties Warranties - The Company offers limited warranties on its products generally for one to three years. The Company recognizes estimated costs related to warranty activities as a component of cost of sales upon product shipment. The estimates are based upon historical product failure rates and historical costs incurred in correcting product failures. The recorded amount is adjusted from time to time for specifically identified warranty exposures. Actual warranty expenses are charged against the Company’s estimated warranty liability when incurred. Factors that affect the Company’s liability include the number of units, historical and anticipated rates of warranty claims, and the cost per claim.
Segments
Segments - The Company determined that, as of the end of the first quarter of fiscal year 2024, due to the manner in which we began to operate the business to further drive long term value to our stockholders and customers, we have three operating and reportable segments: PVG, AAG, and SSG. The Company considers operating segments to be components of the Company in which separate financial information is available that is evaluated regularly by the Company’s chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The CODM for the Company is the Chief Executive Officer. Starting in March 2024, the Chief Executive Officer reviews additional financial information by operating and reportable segments for purposes of allocating resources and evaluating financial performance. Adjusted EBITDA is utilized by the CODM to evaluate segment profitability and inform strategic decisions regarding investments, cost management, and resource allocation.
Reclassifications - We reclassified certain prior period amounts within our consolidated balance sheets, consolidated statements of cash flows, and related notes to conform to our current year presentation.
The reclassifications primarily related to:
•Deferred Taxes: For fiscal year 2024, amounts previously presented on a net basis within deferred tax assets were recast to other liabilities to reflect deferred tax liabilities separately. The updated presentation is also reflected in Note 15. Income Taxes.
•Accrued Payroll and Others: For fiscal year 2024, amounts previously included in accounts payable were recast to accrued expenses to better reflect their nature. Corresponding changes are reflected in Note 8. Accrued Expenses, and in the consolidated statement of cash flows.
The reclassifications did not have any impact on net income or other major financial statement line items.
Fair Value Measurements and Financial Instruments
Fair Value Measurements and Financial Instruments - The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Codification 820, Fair Value Measurements and Disclosures, that requires the valuation of assets and liabilities required or permitted to be either recorded or disclosed at fair value based on hierarchy of available inputs as follows:
Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
Level 2: Quoted prices for similar assets and liabilities in active markets, quoted prices for identical assets and liabilities in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and
Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity).
The carrying amounts of the Company’s financial instruments, including cash, receivables, accounts payable, accrued liabilities, and current portion of long-term debt approximate their fair values due to their short-term nature. The carrying amounts of the Company’s revolver and long-term debt, excluding current portion, approximate their fair values because the interest rates vary with the market.
Certain Significant Risks and Uncertainties
Certain Significant Risks and Uncertainties - The Company is subject to those risks common in manufacturing-driven markets, including, but not limited to, competitive forces, dependence on key personnel, customer demand for its products, disruptions in the operations of its or its customers’ facilities, or along its global supply chain, the successful protection of its proprietary technologies, compliance with government regulations, and the possibility of not being able to obtain additional financing when needed.
The impact of international geopolitical conflicts, including, among others, continuing tensions between Taiwan and China, on the global economy, energy supplies and raw materials may prove to negatively impact the Company’s business and operations. Additionally, the imposition of U.S. tariffs on China and retaliatory tariffs by China on the U.S. may increase costs, disrupt supply chains, and impact demand for the Company’s products. Furthermore, domestic and foreign political instability and uncertainty may create economic volatility, regulatory changes, and trade disruptions that pose additional risks to the Company’s business environment.
Recent Accounting Pronouncements
Recent Accounting Pronouncements - In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in ASU 2023-07 require disclosure of significant segment expenses that are regularly provided to the CODM and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items to reconcile to segment profit or loss, and the title and position of the entity’s CODM. The amendments in this update also expand the interim segment disclosure requirements. These amendments do not change how a public entity identifies its operating segments, aggregates those operating segments, or applies the quantitative thresholds to determine its reportable segments. The guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted and the amendments in this update are required to be applied on a retrospective basis. The Company adopted ASU 2023-07 in the Annual Report on Form 10-K for fiscal year 2024 ending January 3, 2025. Refer to Significant Accounting Policies - Segments above and Note 20. Segment Information for further details.
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures to enhance the transparency and decision usefulness of income tax disclosures through changes to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company adopted ASU 2023-09 in this Annual Report on Form 10-K for the fiscal year ending January 2, 2026. The Company provided enhanced income tax disclosures, including further disaggregation of the effective tax rate reconciliation and separate disclosure of income taxes paid by jurisdiction. The disclosures include identification of income tax rate drivers and presentation of income taxes paid at the federal, state, and significant foreign jurisdiction levels. Refer to Note 15. Income Taxes for further details.
In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40). ASU 2024-03 introduces enhanced income statement expense disclosure requirements. The amendments in ASU 2023-03 require new tabular disclosures in the notes to financial statements, disaggregating specific expense categories within relevant income statement captions. These categories include inventory purchases, employee compensation, depreciation, and intangible asset amortization. The guidance is effective for fiscal years beginning after December 15, 2026, and must be applied prospectively. The Company is currently evaluating the impact of this accounting standard update on its consolidated financial statements and related disclosures.
In July 2025, the FASB issued ASU 2025-05, “Financial Instrument - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets.” The ASU provides a practical expedient for estimating current expected credit losses by allowing entities to assume that conditions existing as of the balance sheet date do not change for the remaining life of the assets. The guidance is effective for interim and annual reporting periods beginning after December 15, 2025. The Company is currently evaluating the impact of the ASU and does not expect it to have a material effect on its consolidated financial statements or related disclosures.
In September 2025, the FASB issued ASU 2025-06, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software.” The amendments in ASU 2025-06 clarify and modernize the capitalization of costs related to internal-use software. The ASU removes all references to project stages throughout Subtopic 350-40 and clarifies the threshold entities apply to begin capitalizing costs. The guidance is effective for interim and annual reporting periods beginning after December 15, 2027. The Company is currently evaluating the impact of the ASU on its consolidated financial statements and related disclosures.
In November 2025, the FASB issued ASU 2025-09, “Derivatives and Hedging (Topic 815): Hedge Accounting Improvements.” The amendments introduce targeted improvements across several areas, including similar‑risk assessments for groups of forecasted transactions, hedging interest payments on choose‑your‑rate debt instruments, and cash flow hedges of nonfinancial forecasted transactions. The guidance is intended to better align hedge accounting with entities’ risk‑management activities and reduce unintuitive hedge dedesignation events. The guidance is effective for annual reporting periods, including interim periods within those periods, beginning after December 15, 2026, with early adoption permitted. The Company is currently evaluating the impact of the ASU and does not expect it to have a material effect on its consolidated financial statements or related disclosures.
In December 2025, the FASB issued ASU 2025-10, “Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities.” The ASU establishes authoritative guidance on the recognition, measurement, and presentation of government grants received by business entities, leveraging principles from IAS 20 and introducing targeted improvements to U.S. GAAP. The ASU also modifies certain existing disclosure requirements in ASC 832 to enhance transparency of government assistance. The guidance is effective for annual periods beginning after December 15, 2028 for public business entities, and one year later for all other entities, with early adoption permitted. The Company is currently evaluating the impact of the ASU on its consolidated financial statements and related disclosures.
In December 2025, the FASB issued ASU 2025‑11, “Interim Reporting (Topic 270): Narrow‑Scope Improvements.” The amendments clarify that Topic 270 applies to all entities providing interim financial statements under GAAP, consolidate required interim disclosures, introduce a disclosure principle for material post–year‑end events, and refine guidance on the form and content of interim financial statements. The amendments do not change the nature or scope of existing interim reporting requirements. The guidance is effective for interim reporting periods within fiscal years beginning after December 15, 2027. The Company is currently evaluating the impact of these updates on its consolidated financial statements and related disclosures.
In December 2025, the FASB issued ASU 2025‑12, “Codification Improvements.” The ASU introduces various technical corrections, clarifications, and minor improvements across a wide range of ASC Topics and are not expected to significantly affect current accounting practice or impose significant costs on most entities. General transition guidance is provided in ASC 105‑10‑65‑10, with separate transition provisions for the earnings‑per‑share amendments in ASC 260. The guidance is effective for annual periods beginning after December 15, 2026, including interim periods within those fiscal years. The Company is currently evaluating the impact of these updates and does not expect them to have a material impact on its consolidated financial statements and related disclosures.
v3.25.4
Description of the Business, Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 02, 2026
Accounting Policies [Abstract]  
Accounts Receivable, Allowance for Credit Loss
The following table presents the activity in the allowance for credit losses:
For the fiscal years ended
Allowance for credit losses:January 2, 2026January 3, 2025December 29, 2023
Balance, beginning of year$1,848 $1,158 $443 
Add: bad debt expense1,369 913 907 
Less: write-offs, net of recoveries(336)(223)(192)
Balance, end of year$2,881 $1,848 $1,158 
Schedules of Concentration of Risk, by Risk Factor The following customers accounted for 10% or more of the Company’s accounts receivable balance:
 January 2, 2026January 3, 2025
Customer A11%14%
Schedule of Depreciation and Amortization Periods Depreciation and amortization periods for the Company’s property and equipment are as follows:
Asset ClassificationEstimated useful life
Building and building improvements
15-39 years
Information systems, office equipment and furniture
3-7 years
Internal-use computer software
10 years
Land improvements
15 years
Machinery and manufacturing equipment
5-15 years
Transportation equipment
3-5 years
Property, plant and equipment consisted of the following:
January 2, 2026January 3, 2025
Machinery and manufacturing equipment$193,865 $177,261 
Building and building improvements83,550 82,224 
Internal-use computer software40,399 38,572 
Information systems, office equipment and furniture32,412 28,725 
Leasehold improvements44,279 40,663 
Transportation equipment25,609 23,299 
Land and land improvements15,561 15,521 
Total property, plant and equipment435,675 406,265 
Less: accumulated depreciation and amortization(201,040)(159,872)
Total property, plant and equipment, net$234,635 $246,393 
The following table summarizes the allocation of depreciation expense in the accompanying consolidated statements of operations:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Cost of sales$24,226 $19,153 $15,040 
General and administrative18,902 15,092 13,098 
Research and development3,069 3,158 2,916 
Sales and marketing1,926 1,635 1,040 
Total depreciation expense$48,123 $39,038 $32,094 

The Company’s long-lived assets by geographic location are as follows:
January 2, 2026January 3, 2025
United States$196,439 $203,937 
International38,196 42,456 
Total long-lived assets$234,635 $246,393 
v3.25.4
Revenues (Tables)
 12 Months Ended
Jan. 02, 2026
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenues
The following table summarizes total net sales by segment:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Powered Vehicles Group$488,143 $461,403 $523,862 
Aftermarket Applications Group470,013 421,453 551,143 
Specialty Sports Group509,165 511,065 389,173 
Total net sales$1,467,321 $1,393,921 $1,464,178 
The following table summarizes total net sales by sales channel:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
OEM$642,473 $612,679 $725,232 
Aftermarket/Non-OEM(1)
824,848 781,242 738,946 
Total net sales$1,467,321 $1,393,921 $1,464,178 
(1) Aftermarket/non-OEM sales include sales to dealers and dealerships, distributors, sales through our websites, retail sales, and various others, including Marucci’s sales within each of these.
The following table summarizes total net sales generated by geographic location of the customer:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
North America$1,119,215 $1,097,329 $1,127,587 
Europe198,546 165,043 187,762 
Asia124,037 109,074 125,488 
Rest of the World25,523 22,475 23,341 
Total net sales$1,467,321 $1,393,921 $1,464,178 
v3.25.4
Inventory (Tables)
 12 Months Ended
Jan. 02, 2026
Inventory Disclosure [Abstract]  
Inventory
Inventory consisted of the following:
January 2, 2026January 3, 2025
Raw materials$226,341 $245,368 
Work-in-process22,440 16,519 
Finished goods139,854 142,849 
Total inventory$388,635 $404,736 
v3.25.4
Prepaids and Other Current Assets (Tables)
 12 Months Ended
Jan. 02, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Accrued Expenses
Prepaids and other current assets consisted of the following:
January 2, 2026January 3, 2025
Prepaid chassis deposits$67,203 $47,094 
Advanced payments and prepaid contracts26,139 26,496 
Other current assets15,082 11,853 
Total prepaids and other assets$108,424 $85,443 
Accrued expenses consisted of the following:
January 2, 2026January 3, 2025
Payroll and related expenses$32,743 $24,402 
Income tax payable7,354 9,343 
Warranty15,173 21,593 
Current portion of lease liabilities16,221 16,683 
Accrued sales rebate7,031 7,852 
Other accrued expenses13,573 19,819 
Total accrued expenses$92,095 $99,692 
v3.25.4
Property, Plant and Equipment, net (Tables)
 12 Months Ended
Jan. 02, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Depreciation and amortization periods for the Company’s property and equipment are as follows:
Asset ClassificationEstimated useful life
Building and building improvements
15-39 years
Information systems, office equipment and furniture
3-7 years
Internal-use computer software
10 years
Land improvements
15 years
Machinery and manufacturing equipment
5-15 years
Transportation equipment
3-5 years
Property, plant and equipment consisted of the following:
January 2, 2026January 3, 2025
Machinery and manufacturing equipment$193,865 $177,261 
Building and building improvements83,550 82,224 
Internal-use computer software40,399 38,572 
Information systems, office equipment and furniture32,412 28,725 
Leasehold improvements44,279 40,663 
Transportation equipment25,609 23,299 
Land and land improvements15,561 15,521 
Total property, plant and equipment435,675 406,265 
Less: accumulated depreciation and amortization(201,040)(159,872)
Total property, plant and equipment, net$234,635 $246,393 
The following table summarizes the allocation of depreciation expense in the accompanying consolidated statements of operations:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Cost of sales$24,226 $19,153 $15,040 
General and administrative18,902 15,092 13,098 
Research and development3,069 3,158 2,916 
Sales and marketing1,926 1,635 1,040 
Total depreciation expense$48,123 $39,038 $32,094 

The Company’s long-lived assets by geographic location are as follows:
January 2, 2026January 3, 2025
United States$196,439 $203,937 
International38,196 42,456 
Total long-lived assets$234,635 $246,393 
v3.25.4
Leases - (Tables)
 12 Months Ended
Jan. 02, 2026
Leases [Abstract]  
Lease Costs
Operating lease costs consisted of the following:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Operating lease cost$22,500 $21,467 $15,656 
Other lease costs (1)5,806 4,443 3,846 
Total lease costs$28,306 $25,910 $19,502 
(1) Includes short-term leases and variable lease costs. The Company elected a policy exclusion permitting leases with an original lease term of less than one year to be excluded from the right-of-use assets and lease liabilities.
Supplemental Balance Sheet Information
Supplemental balance sheet information related to the Company’s operating leases is as follows:
Balance Sheet ClassificationJanuary 2, 2026
Operating lease right-of-use assetsLease right-of-use assets$99,002 
Current lease liabilitiesAccrued expenses$16,221 
Non-current lease liabilitiesOther liabilities$89,791 
Maturity of Lease Liabilities
Maturities of lease liabilities by fiscal year for the Company’s operating leases are as follows:
For fiscal yearTotal future payments
2026$20,425 
202717,197 
202816,803 
202914,977 
203012,843 
Thereafter46,617 
Total lease payments128,862 
Less: imputed interest(22,850)
Present value of lease liabilities106,012 
Less: current portion(16,221)
Lease liabilities less current portion$89,791 
v3.25.4
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Jan. 02, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Excluding Goodwill
Intangible assets, excluding goodwill, are comprised of the following:
Gross
carrying
amount		Accumulated
amortization		ImpairmentNet
carrying
amount		Weighted
average life
(years)
January 02, 2026
Trademarks and brands, subject to amortization$234,194 $(42,230)$(5,714)$186,250 14
Customer and distributor relationships 293,058 (153,340)(2,070)137,648 12
Core technologies61,278 (41,108)(220)19,950 10
Total$588,530 $(236,678)$(8,004)343,848 
Trademarks and brands, not subject to amortization55,570 
Total$399,418 
January 3, 2025
Trademarks and brands, subject to amortization$233,728 $(25,172)$— $208,556 14
Customer and distributor relationships 292,934 (131,349)— 161,585 12
Core technologies62,169 (39,015)— 23,154 10
Total$588,831 $(195,536)$— 393,295 
Trademarks and brands, not subject to amortization55,570 
Total$448,865 
Schedule of Finite-Lived Intangible Assets, Amortization Expense
The following table summarizes the amortization of intangible assets in the accompanying consolidated statements of operations:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Amortization of intangibles$42,030 $44,528 $26,509 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Future amortization expense for finite-lived intangibles as of January 2, 2026 is as follows:
For fiscal year:Amortization Expense
2026$40,269 
202739,031 
202836,452 
202935,228 
203025,292 
Thereafter167,576 
Total expected future amortization$343,848 
Schedule of Goodwill
Goodwill activity attributable to each reporting unit consisted of the following:
PVGAAGSSGTotal
Balance as of December 29, 2023$90,683 $257,972 $287,910 $636,565 
Acquisitions (Refer to Note 18. Acquisitions)
3,504 1,879 — 5,383 
Purchase price adjustments (Refer to Note 18. Acquisitions)
— (1,608)(670)(2,278)
Currency translation and other adjustments(124)— (41)(165)
Balance as of January 3, 2025$94,063 $258,243 $287,199 $639,505 
Impairment losses(95,328)(258,243)(203,695)(557,266)
Purchase price adjustments (Refer to Note 18. Acquisitions)
1,252 — — 1,252 
Currency translation and other adjustments13 — 71 84 
Balance as of January 2, 2026$— $— $83,575 $83,575 
v3.25.4
Accrued Expenses (Tables)
 12 Months Ended
Jan. 02, 2026
Payables and Accruals [Abstract]  
Accrued Expenses
Prepaids and other current assets consisted of the following:
January 2, 2026January 3, 2025
Prepaid chassis deposits$67,203 $47,094 
Advanced payments and prepaid contracts26,139 26,496 
Other current assets15,082 11,853 
Total prepaids and other assets$108,424 $85,443 
Accrued expenses consisted of the following:
January 2, 2026January 3, 2025
Payroll and related expenses$32,743 $24,402 
Income tax payable7,354 9,343 
Warranty15,173 21,593 
Current portion of lease liabilities16,221 16,683 
Accrued sales rebate7,031 7,852 
Other accrued expenses13,573 19,819 
Total accrued expenses$92,095 $99,692 
Activity Related to Warranties
Activity related to warranties is as follows:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Beginning warranty liability$21,593 $20,001 $17,071 
Charge to cost of sales10,071 18,276 16,114 
Fair value of warranty assumed in acquisition— 514 391 
Costs incurred(16,491)(17,198)(13,575)
Ending warranty liability$15,173 $21,593 $20,001 
v3.25.4
Debt (Tables)
 12 Months Ended
Jan. 02, 2026
Debt Disclosure [Abstract]  
Summary of Amended and Restated Credit Facility
The following table summarizes the revolver under the Amended Credit Agreement:
January 2, 2026January 3, 2025
Amount outstanding$150,000 $153,000 
Standby letters of credit$167 $155 
Available borrowing capacity$349,833 $496,845 
Total borrowing capacity$500,000 $650,000 
Maturity dateOctober 24, 2030April 5, 2027
Schedule of Future Principal Payments
As of January 2, 2026, future principal payments for term loan debt, including the current portion, as summarized as follows:
For fiscal yearJanuary 2, 2026
2026$26,875 
202726,875 
202826,875 
202926,875 
2030423,281 
Total$530,781 
Debt issuance cost(7,243)
Long-term debt, net of issuance cost523,538 
Less: current portion(26,875)
Long-term debt less current portion$496,663 
v3.25.4
Derivatives and Hedging (Tables)
 12 Months Ended
Jan. 02, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives
As of January 2, 2026 and January 3, 2025, the Company had the following interest rate swap contracts:
January 2, 2026January 3, 2025
Effective DateTermination DateNotional AmountUnrealized Gain (Loss) in AOCIUnrealized Gain (Loss) in AOCI
September 2, 2020June 11, 2021$200,000$— $16 
July 2, 2021April 5, 2022$200,000— 767 
April 5, 2022April 5, 2027$100,0001,068 2,650 
September 20, 2024December 26, 2025$100,000— (87)
September 20, 2024December 25, 2026$200,000(407)903 
September 20, 2024September 21, 2029$100,000(86)2,219 
December 26, 2025December 22, 2028$100,000(269)N/A
Total $306 $6,468 
v3.25.4
Commitments and Contingencies (Tables)
 12 Months Ended
Jan. 02, 2026
Commitments and Contingencies Disclosure [Abstract]  
Supplier Finance Program
The following table sets forth a rollforward of GM and Ford chassis utilization:
For the fiscal years ended
January 2, 2026January 3, 2025
Beginning balance: Supplier financed chassis$46,865 $20,398 
Add: New supplier financed chassis240,833 298,156 
Less: Supplier financed chassis sold(266,980)(271,689)
Ending balance: Supplier financed chassis$20,718 $46,865 
v3.25.4
Stockholders' Equity (Tables)
 12 Months Ended
Jan. 02, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The following table summarizes the allocation of stock-based compensation in the accompanying consolidated statements of operations:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Cost of sales$1,122 $1,124 $1,179 
General and administrative10,186 5,981 12,610 
Sales and marketing1,509 1,303 1,501 
Research and development1,449 1,198 1,175 
Total$14,266 $9,606 $16,465 
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
The following table summarizes RSU activity:
Unvested RSUs
Number of shares outstandingWeighted-average grant date fair value
Unvested at December 30, 2022297 $87.05 
Granted135 $109.23 
Canceled(44)$90.91 
Vested(141)$83.97 
Unvested at December 29, 2023247 $100.21 
Granted333 $45.82 
Canceled(43)$71.30 
Vested(137)$94.76 
Unvested at January 3, 2025400 $59.88 
Granted572 $25.87 
Canceled(51)$38.43 
Vested(175)$65.90 
Unvested at January 2, 2026746 $33.95 
Schedule of Nonvested Performance-based Units Activity
The following table summarizes the activity for the Company’s unvested PSUs for the year ended January 2, 2026:
Unvested PSUs
Number of shares outstandingWeighted-average grant date fair value
Unvested at December 30, 202248 $126.69 
Granted45 $114.04 
Canceled(10)$120.08 
Vested(13)$141.57 
Unvested at December 29, 202370 $116.54 
Granted232 $46.38 
Canceled(26)$52.30 
Vested(30)$118.09 
Unvested at January 3, 2025246 $57.00 
Granted262 $26.14 
Canceled(6)$40.65 
Vested(38)$115.16 
Unvested at January 2, 2026464 $35.03 
v3.25.4
(Net Loss) Earnings Per Share (Tables)
 12 Months Ended
Jan. 02, 2026
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share
The following table presents the calculation of basic and diluted earnings per share:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Net (loss) income attributable to FOX stockholders$(544,579)$6,550 $120,846 
Weighted average shares used to compute basic earnings per share41,783 41,681 42,305 
Dilutive effect of employee stock plans— 36 127 
Weighted average shares used to compute diluted earnings per share41,783 41,717 42,432 
(Net loss) earnings per share:
Basic$(13.03)$0.16 $2.86 
Diluted$(13.03)$0.16 $2.85 
v3.25.4
Income Taxes (Tables)
 12 Months Ended
Jan. 02, 2026
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense
The components of income tax expense are as follows:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Current:
Federal$7,483 $9,464 $14,427 
State1,979 3,568 5,404 
Foreign3,823 4,646 5,850 
Total current13,285 17,678 25,681 
Deferred:
Federal(31,986)(21,107)(4,782)
State(9,852)(2,041)(2,693)
Foreign(3,016)(30)(389)
Total deferred(44,854)(23,178)(7,864)
(Benefit) provision for income taxes$(31,569)$(5,500)$17,817 
Schedule of Income before Income Tax, Domestic and Foreign
The Company’s income (loss) before provision for income taxes was subject to taxes in the following jurisdictions for the following periods:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
United States$(595,930)$(13,351)$114,128 
Foreign19,641 14,363 24,535 
Total income before provision for income taxes$(576,289)$1,012 $138,663 
Schedule of Effective Income Tax Rate Reconciliation
The following table presents a reconciliation of the statutory federal rate and the Company’s effective tax rate for the periods presented:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
US Federal Statutory Income Tax Rate$(121,020)21.0 %$213 21.0 %$29,120 21 %
Domestic Federal:
Tax Credits
Research and Development Credit(1,201)0.2 (6,530)(645.2)(5,296)(3.8)
Foreign Tax Credit(2,341)0.4 (8,322)(822.3)(12,753)(9.2)
Nontaxable or Nondeductible Items
Goodwill Impairment90,471 (15.7)— 0.0 — 0.0 
Stock-based Compensation1,289 (0.2)1,981 195.7 419 0.3 
Meals and Entertainment Expense188 0.0 175 17.3 235 0.2 
Executive Compensation Deduction Limitation175 0.0 205 20.2 822 0.6 
Fines and Penalties Expense— 0.0 16 1.6 3 0.0 
Cross-Border tax laws
Global intangible low-taxed income2,100 (0.4)1,277 126.2 103 0.1 
Foreign-derived intangible income(820)0.1 (2,670)(263.8)(6,064)(4.4)
Other
Amended Return— 0.0 1,483 146.6 (1,035)(0.7)
Return to Provision67 0.0 (1,546)(152.7)1,469 1.1 
Deferred True Up(1,449)0.3 (2,465)(243.5)995 0.7 
Other296 (0.1)71 7.0 (283)(0.4)
Domestic state and local income taxes, net of federal effect(6,159)1.1 1,221 120.6 1,076 0.8 
Domestic changes in valuation allowance2,272 (0.4)573 56.6 — 0.0 
Foreign Tax Effects
Canada
Statutory income tax rate differential(10)0.0 178 17.6 130 0.1 
Non-Deductible Stock Compensation Expense (176)0.0 (137)(13.6)(106)(0.1)
SR&ED Credit Adjustment(37)0.0 (13)(1.3)9 0.0 
Other12 0.0 4 0.4 203 0.1 
Germany
Statutory income tax rate differential(211)0.0 221 21.8 45 0.0 
Other263 0.0 — 0.0 — 0.0 
Thailand
Changes in Valuation Allowance34 45 4.4 (141)(0.1)
Other(12)0.0 — 0.0 1 0.0 
Japan
Statutory income tax rate differential(3)0.0 (21)(2.1)(1)0.0 
Other163 0.0 — 0.0 — 0.0 
Sweden
Changes in Valuation Allowance(103)0.0 98 9.7 — 0.0 
Foreign NOLs103 0.0 62 6.2 — 0.0 
Other(3)0.0 2 0.2 1 0.0 
Taiwan
Statutory income tax rate differential(236)0.0 (141)(13.9)(227)(0.2)
Witholding taxes7,798 (1.4)7,412 732.3 7,753 5.6 
Other11 0.0 1 0.1 (4)0.0 
United Kingdom
Statutory income tax rate differential3 0.0 (41)(4.1)(36)0.0 
Foreign NOLs19 0.0 (25)0.0 (50)0.0 
Changes in Valuation Allowance(1,527)0.3 413 0.4 387 0.0 
Foreign Branch— 
Statutory income tax rate differential(1,425)0.2 774 0.8 24 0.0 
Other foreign jurisdictions(322)0.1 1 0.0 72 0.0 
Worldwide changes in unrecognized tax benefits222 0.0 (15)0.0 946 0.0 
Effective tax rate$(31,569)5.5 %$(5,500)(543.5)%$17,817 12.8 %
Schedule of Deferred Tax Assets and Liabilities
Deferred Income Taxes
January 2, 2026January 3, 2025
Deferred tax assets:
Foreign tax credits, including amounts associated with accrued charges$45,409 $47,394 
Capitalized research & development45,210 44,967 
 Lease liability19,321 21,368 
 Inventory 8,938 9,555 
 Accrued liabilities 7,369 7,519 
Interest Carryforward6,917 5,868 
Net operating losses5,005 2,071 
Research and development tax credits4,261 4,946 
Interest rate swap2,473 1,544 
Stock-based compensation72 — 
Other2,308 2,441 
Total deferred tax asset147,283 147,673 
Valuation allowance(2,927)(1,785)
Net deferred tax asset144,356 145,888 
Deferred tax liabilities:
Intangible assets(30,467)(63,016)
Lease right-of-use-asset(17,806)(21,389)
Depreciation(5,686)(12,554)
Other— (2,087)
Total deferred tax liability(53,959)(99,046)
Net deferred tax asset$90,397 $46,842 
Schedule of Unrecognized Tax Benefits Roll Forward
Unrecognized Tax Benefits
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Balance - beginning of period$29 $1,274 $119 
Increase related to current year tax positions281 686 1,274 
Decrease related to prior year tax positions(259)(1,931)(119)
Balance - end of period$51 $29 $1,274 
v3.25.4
Fair Value Measurement and Financial Instruments (Tables)
 12 Months Ended
Jan. 02, 2026
Fair Value Disclosures [Abstract]  
Liabilities Measured at Fair Value on Recurring Basis
The following table presents the Company’s hierarchy for its assets, liabilities and redeemable non-controlling interest measured at fair value on a recurring basis as of the following periods:
January 2, 2026January 3, 2025
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets:
Interest Rate Swaps$— $1,068 $— $1,068 $— $5,685 $— $5,685 
Deferred Compensation Plan Investments4,693 — — 4,693 4,394 — — 4,394 
Total assets measured at fair value$4,693 $1,068 $— $5,761 $4,394 $5,685 $— $10,079 
Liabilities:
Interest Rate Swaps$— $762 $— $762 $— $— $— $— 
Incremental Term Loans— 530,781 — 530,781 — 560,714 — 560,714 
Deferred Compensation Plan Liabilities4,675 — — 4,675 4,300 — — 4,300 
Revolver— 150,000 — 150,000 — 153,000 — 153,000 
Total liabilities measured at fair value$4,675 $681,543 $— $686,218 $4,300 $713,714 $— $718,014 
v3.25.4
Acquisitions (Tables)
 12 Months Ended
Jan. 02, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Allocation of Purchase Price to Assets Acquired and Liabilities Assumed
The Company’s allocation of the purchase price to the net tangible and intangible assets acquired and liabilities assumed is as follows:
Fair market values
Tangible assets acquired$34,622 
Liabilities assumed(19,593)
Intangible assets48,753 
Goodwill66,002 
Total$129,784 
The following table summarizes the fair values of the identifiable assets acquired and liabilities assumed at the date of the acquisition:
Acquisition consideration
Cash consideration, net of cash acquired$567,092 
Due to sellers144 
Total consideration at closing$567,236 
Fair market values
Accounts receivable$31,268 
Inventory52,672 
Prepaid and other current assets1,256 
Property, plant and equipment19,257 
Lease right-of-use assets9,423 
Trademarks and brands174,700 
Customer and distributor relationships83,800 
Core technologies20,600 
Goodwill244,120 
Other assets583 
Total assets acquired$637,679 
Accounts payable$13,626 
Accrued expenses10,512 
Other current liabilities1,854 
Deferred Taxes37,462 
Other liabilities6,989 
Total liabilities assumed$70,443 
Purchase price allocation$567,236 
The following table summarizes the fair values of the identifiable assets acquired and liabilities assumed at the date of the acquisition:
Acquisition consideration
Cash consideration, net of cash acquired$20,501 
Total consideration at closing$20,501 
Fair market value
Accounts receivable$5,648 
Inventory12,097 
Prepaids and other current assets1,527 
Property, plant, and equipment5,888 
Trademarks and brands1,500 
Customer and distributor relationships2,000 
Goodwill4,613 
Other assets5,601 
Total assets acquired$38,874 
Accounts payable$12,175 
Accrued expenses2,587 
Deferred tax liability840 
Other liabilities2,771 
Total liabilities assumed$18,373 
Purchase price allocation$20,501 
v3.25.4
Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Jan. 02, 2026
Foreign Currency [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in accumulated other comprehensive income (loss):
Interest Rate SwapsForeign Currency TranslationTotal
Balance as of December 29, 2023
$10,522 $(1,481)$9,041 
Change in interest rate swaps fair value6,418 — 6,418 
Net gain reclassified to interest expense(8,460)— (8,460)
Income tax provision on interest rate swaps(466)— (466)
Foreign currency translation adjustments— (6,309)(6,309)
Balance as of January 3, 2025
$8,014 $(7,790)$224 
Change in interest rate swaps fair value(1,406)— (1,406)
Net gain reclassified to interest expense(4,757)— (4,757)
Income tax provision on interest rate swaps(1,471)— (1,471)
Foreign currency translation adjustments— 8,242 8,242 
Balance as of January 2, 2026
$380 $452 $832 
v3.25.4
Segment Information (Tables)
 12 Months Ended
Jan. 02, 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 fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Net sales
Powered Vehicles Group$488,143 $461,403 $523,862 
Aftermarket Applications Group470,013 421,453 551,143 
Specialty Sports Group509,165 511,065 389,173 
Net sales$1,467,321 $1,393,921 $1,464,178 
Adjusted EBITDA
Powered Vehicles Group62,283 53,819 79,159 
Aftermarket Applications Group55,769 51,745 126,784 
Specialty Sports Group107,642 117,811 117,766 
$225,694 $223,375 $323,709 
Reconciliation of segment adjusted EBITDA
Unallocated corporate expenses(57,338)(56,362)(62,661)
Goodwill impairment(557,307)— — 
Intangible and long-lived asset impairment
(13,517)— — 
Depreciation and amortization(1)
(88,398)(83,566)(58,603)
Non-cash stock-based compensation(14,266)(9,606)(16,465)
Litigation and settlement-related expenses(2,042)(4,329)(2,724)
Other acquisition and integration-related expenses(2)
(2,375)(8,054)(19,214)
Organizational restructuring expenses(3)
(13,890)(3,218)(3,952)
Loss on fixed asset disposals related to organizational restructure— — (1,027)
Strategic transformation costs(491)(1,689)— 
Interest and other expense, net(52,359)(55,539)(20,400)
Consolidated income before income taxes$(576,289)$1,012 $138,663 
(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 and property, plant and equipment valuation adjustments recorded in connection with the purchase of acquired assets.
(3) Represents expenses associated with various restructuring initiatives. See Note 21. Restructuring Charges for more information.
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 fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Powered Vehicles Group$425,860 $407,584 $444,703 
Aftermarket Applications Group414,244 369,708 424,359 
Specialty Sports Group401,523 393,254 271,407 
v3.25.4
Restructuring Charges (Tables)
 12 Months Ended
Jan. 02, 2026
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
The following table summarizes the charges recorded in connection with the restructuring activities by reportable segment:
For the fiscal year ended January 2, 2026
PVGAAGSSGCorporateTotal
Facility closure and other related costs$— $7,369 $3,880 $— $11,249 
Severance and employee related costs29 199 1,892 194 2,314 
Other restructuring costs13 — 12 302 327 
$42 $7,568 $5,784 $496 $13,890 
v3.25.4
Description of the Business, Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details)
 3 Months Ended 9 Months Ended 12 Months Ended
Jan. 02, 2026
USD ($)
Apr. 04, 2025
USD ($)
Sep. 29, 2023
USD ($)
Jan. 02, 2026
USD ($)
segment
Jan. 03, 2025
USD ($)
Dec. 29, 2023
USD ($)
Description of Business and Basis of Presentation [Line Items]            
Foreign currency transaction (losses) gains     $ 1,465,000 $ (2,001,000) $ 1,811,000  
Cash and cash equivalents $ 58,008,000     58,008,000 71,674,000  
Intangible and long-lived asset impairment         0 $ 0
Goodwill impairment 295,178,000 $ 262,129,000   557,266,000 0 0
Impairment of intangible assets         0 0
Estimates for unpaid claims 1,782,000     1,782,000 2,031,000  
Advertising expense       $ 10,524,000 $ 10,695,000 $ 6,717,000
Number of operating segments | segment       3    
Number of reportable segments | segment       3    
PVG            
Description of Business and Basis of Presentation [Line Items]            
Intangible and long-lived asset impairment       $ 1,082,000    
Impairment of intangible assets       2,984,000    
AAG            
Description of Business and Basis of Presentation [Line Items]            
Intangible and long-lived asset impairment       4,431,000    
Impairment of intangible assets       $ 5,020,000    
Impairment, Intangible Asset, Statement of Income or Comprehensive Income [Extensible Enumeration]       Intangible and long-lived asset impairment    
PVG            
Description of Business and Basis of Presentation [Line Items]            
Goodwill impairment       $ 95,328,000    
AAG            
Description of Business and Basis of Presentation [Line Items]            
Goodwill impairment       258,243,000    
SSG            
Description of Business and Basis of Presentation [Line Items]            
Goodwill impairment       $ 203,695,000    
Minimum            
Description of Business and Basis of Presentation [Line Items]            
Warranty period       1 year    
Maximum            
Description of Business and Basis of Presentation [Line Items]            
Warranty period       3 years    
Purchases | Supplier Concentration Risk            
Description of Business and Basis of Presentation [Line Items]            
Concentration risk, accounts receivable percentage     29.00% 30.00% 26.00%  
Accounts Payable | Supplier Concentration Risk            
Description of Business and Basis of Presentation [Line Items]            
Concentration risk, accounts receivable percentage       21.00% 21.00%  
Revenue Benchmark | Customer Concentration Risk | Customer A            
Description of Business and Basis of Presentation [Line Items]            
Concentration risk, percentage       12.00% 15.00% 13.00%
U.S.            
Description of Business and Basis of Presentation [Line Items]            
Cash and cash equivalents 49,063,000     $ 49,063,000    
International            
Description of Business and Basis of Presentation [Line Items]            
Cash and cash equivalents $ 8,946,000     $ 8,946,000    
v3.25.4
Description of the Business, Basis of Presentation and Summary of Significant Accounting Policies - Customers Accounted for 10% or More of Accounts Receivable Balance (Details)
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Accounts Receivable | Customer A | Customer Concentration Risk    
Concentration Risk [Line Items]    
Concentration risk, percentage 11.00% 14.00%
v3.25.4
Description of the Business, Basis of Presentation and Summary of Significant Accounting Policies - Activity in Allowance For Doubtful Accounts (Details) - Allowance for Doubtful Accounts - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance, beginning of year $ 1,848 $ 1,158 $ 443
Add: bad debt expense 1,369 913 907
Less: write-offs, net of recoveries (336) (223) (192)
Balance, end of year $ 2,881 $ 1,848 $ 1,158
v3.25.4
Description of the Business, Basis of Presentation and Summary of Significant Accounting Policies - Depreciation and Amortization Periods for the Company's Property and Equipment (Details)
Jan. 02, 2026
Building and building improvements | Minimum  
Property, Plant and Equipment [Line Items]  
Property and equipment, estimated useful life 15 years
Building and building improvements | Maximum  
Property, Plant and Equipment [Line Items]  
Property and equipment, estimated useful life 39 years
Information systems, office equipment and furniture | Minimum  
Property, Plant and Equipment [Line Items]  
Property and equipment, estimated useful life 3 years
Information systems, office equipment and furniture | Maximum  
Property, Plant and Equipment [Line Items]  
Property and equipment, estimated useful life 7 years
Internal-use computer software  
Property, Plant and Equipment [Line Items]  
Property and equipment, estimated useful life 10 years
Land improvements  
Property, Plant and Equipment [Line Items]  
Property and equipment, estimated useful life 15 years
Machinery and manufacturing equipment | Minimum  
Property, Plant and Equipment [Line Items]  
Property and equipment, estimated useful life 5 years
Machinery and manufacturing equipment | Maximum  
Property, Plant and Equipment [Line Items]  
Property and equipment, estimated useful life 15 years
Transportation equipment | Minimum  
Property, Plant and Equipment [Line Items]  
Property and equipment, estimated useful life 3 years
Transportation equipment | Maximum  
Property, Plant and Equipment [Line Items]  
Property and equipment, estimated useful life 5 years
v3.25.4
Revenues - Sales by Product Category (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Disaggregation of Revenue [Line Items]      
Net sales $ 1,467,321 $ 1,393,921 $ 1,464,178
Powered Vehicles Group      
Disaggregation of Revenue [Line Items]      
Net sales 488,143 461,403 523,862
Aftermarket Applications Group      
Disaggregation of Revenue [Line Items]      
Net sales 470,013 421,453 551,143
Specialty Sports Group      
Disaggregation of Revenue [Line Items]      
Net sales $ 509,165 $ 511,065 $ 389,173
v3.25.4
Revenues - Sales by Sales Channel (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Disaggregation of Revenue [Line Items]      
Net sales $ 1,467,321 $ 1,393,921 $ 1,464,178
OEM      
Disaggregation of Revenue [Line Items]      
Net sales 642,473 612,679 725,232
Aftermarket      
Disaggregation of Revenue [Line Items]      
Net sales $ 824,848 $ 781,242 $ 738,946
v3.25.4
Revenues - Sales by Geographic Location (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Disaggregation of Revenue [Line Items]      
Net sales $ 1,467,321 $ 1,393,921 $ 1,464,178
North America      
Disaggregation of Revenue [Line Items]      
Net sales 1,119,215 1,097,329 1,127,587
Asia      
Disaggregation of Revenue [Line Items]      
Net sales 124,037 109,074 125,488
Europe      
Disaggregation of Revenue [Line Items]      
Net sales 198,546 165,043 187,762
Rest of the world      
Disaggregation of Revenue [Line Items]      
Net sales $ 25,523 $ 22,475 $ 23,341
v3.25.4
Inventory (Details) - USD ($)
$ in Thousands
Jan. 02, 2026
Jan. 03, 2025
Inventory Disclosure [Abstract]    
Raw materials $ 226,341 $ 245,368
Work-in-process 22,440 16,519
Finished goods 139,854 142,849
Total inventory $ 388,635 $ 404,736
v3.25.4
Prepaids and Other Current Assets (Details) - USD ($)
$ in Thousands
Jan. 02, 2026
Jan. 03, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Prepaid chassis deposits $ 67,203 $ 47,094
Advanced payments and prepaid contracts 26,139 26,496
Other current assets 15,082 11,853
Total prepaids and other assets $ 108,424 $ 85,443
v3.25.4
Property, Plant and Equipment, net - Components (Details) - USD ($)
$ in Thousands
Jan. 02, 2026
Jan. 03, 2025
Property, Plant and Equipment [Line Items]    
Property, plant and equipment gross $ 435,675 $ 406,265
Less: accumulated depreciation and amortization (201,040) (159,872)
Total property, plant and equipment, net 234,635 246,393
Building and building improvements    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment gross 83,550 82,224
Information systems, office equipment and furniture    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment gross 32,412 28,725
Internal-use computer software    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment gross 40,399 38,572
Land and land improvements    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment gross 15,561 15,521
Leasehold improvements    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment gross 44,279 40,663
Machinery and manufacturing equipment    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment gross 193,865 177,261
Transportation equipment    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment gross $ 25,609 $ 23,299
v3.25.4
Property, Plant and Equipment, net - Additional Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Property, Plant and Equipment [Abstract]      
Depreciation expense $ 48,123 $ 39,038 $ 32,094
v3.25.4
Property, Plant and Equipment, net - Summary of Depreciation Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Property, Plant and Equipment [Line Items]      
Depreciation expense $ 48,123 $ 39,038 $ 32,094
Cost of sales      
Property, Plant and Equipment [Line Items]      
Depreciation expense 24,226 19,153 15,040
General and administrative      
Property, Plant and Equipment [Line Items]      
Depreciation expense 18,902 15,092 13,098
Research and development      
Property, Plant and Equipment [Line Items]      
Depreciation expense 3,069 3,158 2,916
Sales and marketing      
Property, Plant and Equipment [Line Items]      
Depreciation expense $ 1,926 $ 1,635 $ 1,040
v3.25.4
Property, Plant and Equipment, net - Long-lived Assets by Geographic Location (Details) - USD ($)
$ in Thousands
Jan. 02, 2026
Jan. 03, 2025
Property, Plant and Equipment [Line Items]    
Long-lived assets $ 234,635 $ 246,393
United States    
Property, Plant and Equipment [Line Items]    
Long-lived assets 196,439 203,937
International    
Property, Plant and Equipment [Line Items]    
Long-lived assets $ 38,196 $ 42,456
v3.25.4
Leases - Narrative (Details)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
USD ($)
Lessee, Lease, Description [Line Items]  
Impairment charges on operating lease right-of-use assets $ 4,772
Weighted average remaining lease term 8 years 7 months 20 days
Weighted-average incremental borrowing rate 4.30%
Minimum  
Lessee, Lease, Description [Line Items]  
Remaining term 1 year
Maximum  
Lessee, Lease, Description [Line Items]  
Remaining term 19 years
v3.25.4
Leases - Lease Costs (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Leases [Abstract]      
Operating lease cost $ 22,500 $ 21,467 $ 15,656
Other lease costs 5,806 4,443 3,846
Total $ 28,306 $ 25,910 $ 19,502
v3.25.4
Leases - Supplemental Balance Sheet Information (Details) - USD ($)
$ in Thousands
Jan. 02, 2026
Jan. 03, 2025
Leases [Abstract]    
Lease right-of-use assets $ 99,002 $ 104,019
Current portion of lease liabilities 16,221  
Lease liabilities less current portion $ 89,791  
v3.25.4
Leases - Maturity of Lease Liabilities (Details)
$ in Thousands
Jan. 02, 2026
USD ($)
Leases [Abstract]  
2026 $ 20,425
2027 17,197
2028 16,803
2029 14,977
2030 12,843
Thereafter 46,617
Total lease payments 128,862
Less: imputed interest (22,850)
Present value of lease liabilities 106,012
Less: current portion (16,221)
Lease liabilities less current portion $ 89,791
Operating Lease, Liability, Statement of Financial Position [Extensible List] Liabilities
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Accrued expenses
v3.25.4
Goodwill and Intangible Assets - Intangible Assets Excluding Goodwill (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Intangible Asset Excluding Goodwill [Line Items]    
Gross carrying amount $ 588,530 $ 588,831
Accumulated amortization (236,678) (195,536)
Impairment (8,004) 0
Net carrying amount 343,848 393,295
Finite-lived intangible assets $ 399,418 448,865
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration] Intangible and long-lived asset impairment  
Trademarks and brands    
Intangible Asset Excluding Goodwill [Line Items]    
Trademarks and brands, not subject to amortization $ 55,570 55,570
Trademarks and brands    
Intangible Asset Excluding Goodwill [Line Items]    
Gross carrying amount 234,194 233,728
Accumulated amortization (42,230) (25,172)
Impairment (5,714) 0
Net carrying amount 186,250 208,556
Finite-lived intangible assets $ 241,820 $ 264,126
Weighted average life (years) 14 years 14 years
Customer and distributor relationships    
Intangible Asset Excluding Goodwill [Line Items]    
Gross carrying amount $ 293,058 $ 292,934
Accumulated amortization (153,340) (131,349)
Impairment (2,070) 0
Net carrying amount 137,648 161,585
Finite-lived intangible assets $ 137,648 $ 161,585
Weighted average life (years) 12 years 12 years
Core technologies    
Intangible Asset Excluding Goodwill [Line Items]    
Gross carrying amount $ 61,278 $ 62,169
Accumulated amortization (41,108) (39,015)
Impairment (220) 0
Net carrying amount 19,950 23,154
Finite-lived intangible assets $ 19,950 $ 23,154
Weighted average life (years) 10 years 10 years
v3.25.4
Goodwill and Intangible Assets - Amortization of Intangibles (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Finite-Lived Intangible Assets, Net [Abstract]      
Amortization of intangibles $ 42,030 $ 44,528 $ 26,509
v3.25.4
Goodwill and Intangible Assets - Future Amortization Expense (Details) - USD ($)
$ in Thousands
Jan. 02, 2026
Jan. 03, 2025
Goodwill and Intangible Assets Disclosure [Abstract]    
2026 $ 40,269  
2027 39,031  
2028 36,452  
2029 35,228  
2030 25,292  
Thereafter 167,576  
Net carrying amount $ 343,848 $ 393,295
v3.25.4
Goodwill and Intangible Assets - Goodwill Rollforward Activity (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Jan. 02, 2026
Apr. 04, 2025
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Goodwill [Line Items]          
Balance as of January 3, 2025   $ 639,505 $ 639,505 $ 636,565  
Acquisitions (Refer to Note 18. Acquisitions)       5,383  
Goodwill impairment $ (295,178) (262,129) (557,266) 0 $ 0
Purchase price adjustments (Refer to Note 18. Acquisitions)     1,252 (2,278)  
Currency translation and other adjustments     84 (165)  
Balance as of January 2, 2026 83,575   83,575 639,505 636,565
PVG          
Goodwill [Line Items]          
Balance as of January 3, 2025   94,063 94,063 90,683  
Acquisitions (Refer to Note 18. Acquisitions)       3,504  
Goodwill impairment     (95,328)    
Purchase price adjustments (Refer to Note 18. Acquisitions)     1,252 0  
Currency translation and other adjustments     13 (124)  
Balance as of January 2, 2026 0   0 94,063 90,683
AAG          
Goodwill [Line Items]          
Balance as of January 3, 2025   258,243 258,243 257,972  
Acquisitions (Refer to Note 18. Acquisitions)       1,879  
Goodwill impairment     (258,243)    
Purchase price adjustments (Refer to Note 18. Acquisitions)     0 (1,608)  
Currency translation and other adjustments     0 0  
Balance as of January 2, 2026 0   0 258,243 257,972
SSG          
Goodwill [Line Items]          
Balance as of January 3, 2025   $ 287,199 287,199 287,910  
Acquisitions (Refer to Note 18. Acquisitions)       0  
Goodwill impairment     (203,695)    
Purchase price adjustments (Refer to Note 18. Acquisitions)     0 (670)  
Currency translation and other adjustments     71 (41)  
Balance as of January 2, 2026 $ 83,575   $ 83,575 $ 287,199 $ 287,910
v3.25.4
Accrued Expenses - Components (Details) - USD ($)
$ in Thousands
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Dec. 30, 2022
Payables and Accruals [Abstract]        
Payroll and related expenses $ 32,743 $ 24,402    
Current portion of lease liabilities 16,221 16,683    
Warranty 15,173 21,593 $ 20,001 $ 17,071
Income tax payable 7,354 9,343    
Accrued sales rebate 7,031 7,852    
Other accrued expenses 13,573 19,819    
Accrued expenses $ 92,095 $ 99,692    
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Accrued expenses      
v3.25.4
Accrued Expenses - Activity Related to Warranties (Details) - USD ($)
$ in Thousands
 9 Months Ended 12 Months Ended
Sep. 29, 2023
Jan. 02, 2026
Jan. 03, 2025
Movement in Standard Product Warranty Accrual [Roll Forward]      
Beginning warranty liability $ 17,071 $ 21,593 $ 20,001
Charge to cost of sales 16,114 10,071 18,276
Fair value of warranty assumed in acquisition 391 0 514
Costs incurred $ (13,575) (16,491) (17,198)
Ending warranty liability   $ 15,173 $ 21,593
v3.25.4
Related Party Transactions (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 03, 2025
Dec. 29, 2023
Related Party    
Related Party Transaction [Line Items]    
Rent expense $ 371 $ 600
v3.25.4
Debt - Credit Agreement (Details)
 12 Months Ended
Oct. 24, 2025
USD ($)
Nov. 14, 2023
USD ($)
Apr. 05, 2022
USD ($)
Jan. 02, 2026
USD ($)
Jan. 03, 2025
USD ($)
Jun. 30, 2019
USD ($)
Debt Instrument [Line Items]            
Maximum borrowing capacity       $ 500,000,000 $ 650,000,000  
Debt issuance costs   $ 10,063,000        
Weighted average interest rate on outstanding borrowings       6.05%    
Amendment to the 2022 Credit Facility            
Debt Instrument [Line Items]            
Loan fees       $ 3,490,000    
Fifth Amendment To Credit Agreement            
Debt Instrument [Line Items]            
Proceeds from lines of credit $ 710,000,000          
Debt issuance costs 6,012,000          
Unamortized debt issuance costs 8,090,000          
Write off of unamortized loan origination fees 1,777,000          
Letter of Credit            
Debt Instrument [Line Items]            
Maximum borrowing capacity     $ 650,000,000      
Revolving Credit Facility            
Debt Instrument [Line Items]            
Loan fees       $ 3,433,000    
Secured Overnight Financing Rate (SOFR)            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)     0.10%      
Secured Overnight Financing Rate (SOFR) | One-Month Rate            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)       3.78%    
Secured Overnight Financing Rate (SOFR) | Three-Month Rate            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)       4.00%    
Fed Funds Effective Rate Overnight Index Swap Rate            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)     0.50%      
Minimum | Secured Overnight Financing Rate (SOFR)            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)     1.00%      
Maximum | Secured Overnight Financing Rate (SOFR)            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)     2.25%      
Term Loan            
Debt Instrument [Line Items]            
Term loan amount           $ 400,000,000
Term Loan | Marucci            
Debt Instrument [Line Items]            
Debt issuance costs   6,709,000        
Line of Credit | Fifth Amendment To Credit Agreement            
Debt Instrument [Line Items]            
Proceeds from lines of credit 172,500,000          
Unamortized debt issuance costs 6,313,000          
Line of Credit | Letter of Credit | Fifth Amendment To Credit Agreement            
Debt Instrument [Line Items]            
Maximum borrowing capacity 25,000,000          
Line of Credit | Revolving Credit Facility | Fifth Amendment To Credit Agreement            
Debt Instrument [Line Items]            
Maximum borrowing capacity 500,000,000          
Incremental amount on loan facility $ 175,000,000          
Consolidated net leverage ratio 3.25          
Line of Credit | Delayed Draw Term Loan Facility | Amendment to the 2022 Credit Facility            
Debt Instrument [Line Items]            
Maximum borrowing capacity   200,000,000        
Debt issuance costs   $ 3,354,000        
Interest rate, stated percentage   5.00%        
Line of Credit | Subfacility For Swing Line Loans | Fifth Amendment To Credit Agreement            
Debt Instrument [Line Items]            
Maximum borrowing capacity $ 25,000,000          
Line of Credit | Fed Funds Effective Rate Overnight Index Swap Rate | Fifth Amendment To Credit Agreement            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent) 0.50%          
Line of Credit | Base Rate | Revolving Credit Facility            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)     1.00%      
Line of Credit | Prime Rate | Fifth Amendment To Credit Agreement            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent) 1.00%          
Line of Credit | Minimum | Secured Overnight Financing Rate (SOFR) | Fifth Amendment To Credit Agreement            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent) 1.00%          
Line of Credit | Minimum | Secured Overnight Financing Rate (SOFR) | Delayed Draw Term Loan Facility | Amendment to the 2022 Credit Facility            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)   0.50%        
Line of Credit | Minimum | Base Rate | Revolving Credit Facility            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)     0.00%      
Line of Credit | Minimum | Base Rate | Delayed Draw Term Loan Facility | Amendment to the 2022 Credit Facility            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)   1.50%        
Line of Credit | Minimum | Interest Rate Floor | Fifth Amendment To Credit Agreement            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent) 0.00%          
Line of Credit | Maximum | Secured Overnight Financing Rate (SOFR) | Fifth Amendment To Credit Agreement            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent) 2.50%          
Line of Credit | Maximum | Secured Overnight Financing Rate (SOFR) | Delayed Draw Term Loan Facility | Amendment to the 2022 Credit Facility            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)   1.50%        
Line of Credit | Maximum | Base Rate | Revolving Credit Facility            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)     1.00%      
Line of Credit | Maximum | Base Rate | Delayed Draw Term Loan Facility | Amendment to the 2022 Credit Facility            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)   2.50%        
Line of Credit | Maximum | Interest Rate Floor | Fifth Amendment To Credit Agreement            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent) 1.50%          
Delayed Draw Term Loan (DDTL) | Fifth Amendment To Credit Agreement            
Debt Instrument [Line Items]            
Proceeds from lines of credit $ 537,500,000          
Term loan amount 537,500,000          
Quarterly installments 6,719,000          
Term Loan And Revolving Credit Facility | Fifth Amendment To Credit Agreement            
Debt Instrument [Line Items]            
Debt issuance costs $ 5,782,000          
v3.25.4
Debt - Summary of Amended and Restated Credit Facility (Details) - USD ($)
$ in Thousands
Jan. 02, 2026
Jan. 03, 2025
Debt Disclosure [Abstract]    
Amount outstanding $ 150,000 $ 153,000
Standby letters of credit 167 155
Available borrowing capacity 349,833 496,845
Total borrowing capacity $ 500,000 $ 650,000
v3.25.4
Debt - Future Payments for Long-term Debt (Details) - USD ($)
$ in Thousands
Jan. 02, 2026
Jan. 03, 2025
Debt Disclosure [Abstract]    
2026 $ 26,875  
2027 26,875  
2028 26,875  
2029 26,875  
2030 423,281  
Total 530,781  
Debt issuance cost (7,243)  
Long-term debt, net of issuance cost 523,538  
Less: current portion (26,875) $ (24,286)
Term Loan, less current portion $ 496,663 $ 527,775
v3.25.4
Derivatives and Hedging (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Aug. 26, 2024
Apr. 05, 2022
Jun. 11, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Other comprehensive income (loss), derivative instruments $ (7,634) $ (2,508) $ (7,248)      
Reclassification of net gain on interest rate swaps to net earnings 4,757 8,460 6,775      
Interest Rate Swaps            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Amount of hedged item 500,000     $ 400,000    
Notional Amount         $ 100,000  
Unrealized gain in AOCI on terminated swap 306 6,468        
Other comprehensive income (loss), derivative instruments (1,406) 6,418 830      
Reclassification of net gain on interest rate swaps to net earnings (4,757) (8,640) $ (6,775)      
Losses to be reclassified over the next twelve months (306)          
Interest Rate Swap September 2020 To June 2021            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Notional Amount 200,000          
Unrealized gain in AOCI on terminated swap 0 16       $ 324
Interest Rate Swap July 2021 To March 2025            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Notional amount terminated           200,000
Notional Amount 200,000          
Unrealized gain in AOCI on terminated swap $ 0 $ 767       $ 12,270
v3.25.4
Derivatives and Hedging - Schedule of Interest Rate Derivatives (Details) - USD ($)
$ in Thousands
Jan. 02, 2026
Jan. 03, 2025
Apr. 05, 2022
Jun. 11, 2021
Interest Rate Swap September 2020 To June 2021        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Notional Amount $ 200,000      
Unrealized Gain (Loss) in AOCI 0 $ 16   $ 324
Interest Rate Swap July 2021 To March 2025        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Notional Amount 200,000      
Unrealized Gain (Loss) in AOCI 0 767   $ 12,270
Interest Rate Swap April 2022 To April 2027        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Notional Amount 100,000      
Unrealized Gain (Loss) in AOCI 1,068 2,650    
Interest Rate Swap September 2024 To December 2025        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Notional Amount 100,000      
Unrealized Gain (Loss) in AOCI 0 (87)    
Interest Rate Swap September 2024 To December 2026        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Notional Amount 200,000      
Unrealized Gain (Loss) in AOCI (407) 903    
Interest Rate Swap September 2024 To December 2029        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Notional Amount 100,000      
Unrealized Gain (Loss) in AOCI (86) 2,219    
Interest Rate Swap December 2025 To December 2028        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Notional Amount 100,000      
Unrealized Gain (Loss) in AOCI (269)      
Interest Rate Swaps        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Notional Amount     $ 100,000  
Unrealized Gain (Loss) in AOCI $ 306 $ 6,468    
v3.25.4
Commitments and Contingencies - Additional Information (Details)
$ in Thousands
Jan. 02, 2026
USD ($)
Jan. 03, 2025
USD ($)
Oct. 09, 2024
complaint
Business Combination [Line Items]      
Bailment pool arrangement, interest expense $ 3,641 $ 1,271  
Breach of Fiduciary Duties | Pending Litigation      
Business Combination [Line Items]      
Number of derivative complaints | complaint     2
Ford      
Business Combination [Line Items]      
Bailment pool arrangement, allocation 9,566 36,008  
Bailment pool arrangement, maximum allocation 38,300 36,100  
General Motors      
Business Combination [Line Items]      
Bailment pool arrangement, allocation 11,152 10,857  
Bailment pool arrangement, maximum allocation $ 49,500 $ 49,500  
v3.25.4
Commitments and Contingencies - Supplier Finance Rollforward (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Commitments and Contingencies Disclosure [Abstract]    
Supplier Finance Program, Obligation, Statement Of Financial Position Extensible Enumeration Not Disclosed Flag false  
Supplier Finance Program, Obligation [Roll Forward]    
Beginning balance: Supplier financed chassis $ 46,865 $ 20,398
Add: New supplier financed chassis 240,833 298,156
Less: Supplier financed chassis sold (266,980) (271,689)
Ending balance: Supplier financed chassis $ 20,718 $ 46,865
v3.25.4
Stockholders' Equity - Share Repurchase Plan (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jan. 03, 2025
Dec. 29, 2023
Jan. 02, 2026
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Purchase and retirement of common stock $ 25,309 $ 25,000  
Share Repurchase Plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Par value (in dollars per share)     $ 0.001
Purchase and retirement of common stock (in shares) 378    
Purchase and retirement of common stock $ 25,000    
Average cost per share (in dollars per share) $ 66.03    
v3.25.4
Stockholders' Equity - Equity Incentive Plans (Details)
shares in Thousands
 12 Months Ended
Jan. 02, 2026
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Number of shares available for grant 2,094
Stock Option  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Award expiration period 10 years
Stock Option | Minimum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Award vesting period 1 year
Stock Option | Maximum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Award vesting period 10 years
RSUs | Minimum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Award vesting period 3 years
RSUs | Maximum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Award vesting period 4 years
v3.25.4
Stockholders' Equity - Summary of Allocation of Stock-Based Compensation in Accompanying Consolidated Statements of Income (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Allocation of stock-based compensation $ 14,266 $ 9,606 $ 16,465
Cost of sales      
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Allocation of stock-based compensation 1,122 1,124 1,179
General and administrative      
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Allocation of stock-based compensation 10,186 5,981 12,610
Sales and marketing      
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Allocation of stock-based compensation 1,509 1,303 1,501
Research and development      
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Allocation of stock-based compensation $ 1,449 $ 1,198 $ 1,175
v3.25.4
Stockholders' Equity - Summary of Unvested RSUs Activity (Details) - RSUs - $ / shares
shares in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Number of shares outstanding      
Unvested outstanding, beginning balance (in shares) 400 247 297
Granted (in shares) 572 333 135
Canceled (in shares) (51) (43) (44)
Vested (in shares) (175) (137) (141)
Unvested outstanding, ending balance (in shares) 746 400 247
Weighted-average grant date fair value      
Unvested outstanding, beginning balance (in dollars per share) $ 59.88 $ 100.21 $ 87.05
Granted (in dollars per share) 25.87 45.82 109.23
Canceled (in dollars per share) 38.43 71.30 90.91
Vested (in dollars per share) 65.90 94.76 83.97
Unvested outstanding, ending balance (in dollars per share) $ 33.95 $ 59.88 $ 100.21
v3.25.4
Stockholders' Equity - Restricted Stock Units (Details) - RSUs - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Fair value of vested awards $ 3,901 $ 5,837 $ 15,516
Unrecognized stock-based compensation expense $ 15,721    
Period for recognition of unrecognized stock-based compensation expense 1 year 9 months    
v3.25.4
Stockholders' Equity - Unvested PSU Activity (Details) - PSU - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Number of shares outstanding      
Unvested outstanding, beginning balance (in shares) 246 70 48
Granted (in shares) 262 232 45
Canceled (in shares) (6) (26) (10)
Vested (in shares) (38) (30) (13)
Unvested outstanding, ending balance (in shares) 464 246 70
Weighted-average grant date fair value      
Unvested outstanding, beginning balance (in dollars per share) $ 57.00 $ 116.54 $ 126.69
Granted (in dollars per share) 26.14 46.38 114.04
Canceled (in dollars per share) 40.65 52.30 120.08
Vested (in dollars per share) 115.16 118.09 141.57
Unvested outstanding, ending balance (in dollars per share) $ 35.03 $ 57.00 $ 116.54
Unrecognized stock-based compensation expense $ 17,134    
Period for recognition of unrecognized stock-based compensation expense 1 year 7 months 17 days    
Minimum      
Weighted-average grant date fair value      
Award vesting percentage 0.00%    
Maximum      
Weighted-average grant date fair value      
Performance period three-year    
Award vesting percentage 200.00%    
v3.25.4
(Net Loss) Earnings Per Share - Calculation of Basic and Diluted Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Earnings Per Share [Abstract]      
Net loss $ (544,579) $ 6,550 $ 120,846
Weighted average shares used to compute basic earnings per share (in shares) 41,783,000 41,681,000 42,305,000
Dilutive effect of employee stock plans (in shares) 0 36,000 127,000
Weighted average shares used to compute diluted earnings per share (in shares) 41,783,000 41,717,000 42,432,000
Basic (in dollars per share) $ (13.03) $ 0.16 $ 2.86
Diluted (in dollars per share) $ (13.03) $ 0.16 $ 2.85
Anti-dilutive shares excluded from calculation of diluted earnings per share 271 127 12,000
v3.25.4
Income Taxes - Components of Income Tax Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Current:      
Federal $ 7,483 $ 9,464 $ 14,427
State 1,979 3,568 5,404
Foreign 3,823 4,646 5,850
Total current 13,285 17,678 25,681
Deferred:      
Federal (31,986) (21,107) (4,782)
State (9,852) (2,041) (2,693)
Foreign (3,016) (30) (389)
Total deferred (44,854) (23,178) (7,864)
Effective tax rate $ (31,569) $ (5,500) $ 17,817
v3.25.4
Income Taxes - Income Before Provision by Jurisdiction (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Income Tax Disclosure [Abstract]      
United States $ (595,930) $ (13,351) $ 114,128
Foreign 19,641 14,363 24,535
Total income before provision for income taxes $ (576,289) $ 1,012 $ 138,663
v3.25.4
Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Amount      
US Federal Statutory Income Tax Rate $ (121,020) $ 213 $ 29,120
Research and Development Credit (1,201) (6,530) (5,296)
Foreign Tax Credit (2,341) (8,322) (12,753)
Goodwill Impairment 90,471 0 0
Stock-based Compensation 1,289 1,981 419
Meals and Entertainment Expense 188 175 235
Executive Compensation Deduction Limitation 175 205 822
Fines and Penalties Expense 0 16 3
Global intangible low-taxed income 2,100 1,277 103
Foreign-derived intangible income (820) (2,670) (6,064)
Amended Return 0 1,483 (1,035)
Return to Provision 67 (1,546) 1,469
Deferred True Up (1,449) (2,465) 995
Other 296 71 (283)
Domestic state and local income taxes, net of federal effect (6,159) 1,221 1,076
Domestic changes in valuation allowance 2,272 573 0
Worldwide changes in unrecognized tax benefits 222 (15) 946
Effective tax rate $ (31,569) $ (5,500) $ 17,817
Percent      
US Federal Statutory Income Tax Rate 21.00% 21.00% 21.00%
Research and Development Credit 0.20% (645.20%) (3.80%)
Foreign Tax Credit 0.40% (822.30%) (9.20%)
Goodwill Impairment (15.70%) 0.00% 0.00%
Stock-based Compensation (0.20%) 195.70% 0.30%
Meals and Entertainment Expense 0.00% 17.30% 0.20%
Executive Compensation Deduction Limitation 0.00% 20.20% 0.60%
Fines and Penalties Expense 0.00% 1.60% 0.00%
Global intangible low-taxed income (0.40%) 126.20% 0.10%
Foreign-derived intangible income 0.10% (263.80%) (4.40%)
Amended Return 0.00% 146.60% (0.70%)
Return to Provision 0.00% (152.70%) 1.10%
Deferred True Up 0.30% (243.50%) 0.70%
Other (0.10%) 7.00% (0.40%)
Domestic state and local income taxes, net of federal effect 1.10% 120.60% 0.80%
Domestic changes in valuation allowance (0.40%) 56.60% 0.00%
Worldwide changes in unrecognized tax benefits 0.00% 0.00% 0.00%
Effective tax rate 5.50% (543.50%) 12.80%
Canada      
Amount      
Statutory income tax rate differential $ (10) $ 178 $ 130
Non-Deductible Stock Compensation Expense (176) (137) (106)
SR&ED Credit Adjustment (37) (13) 9
Other $ 12 $ 4 $ 203
Percent      
Statutory income tax rate differential 0.00% 17.60% 0.10%
Non-Deductible Stock Compensation Expense (0.00%) (13.60%) (0.10%)
SR&ED Credit Adjustment 0.00% (1.30%) 0.00%
Other 0.00% 0.40% 0.10%
Germany      
Amount      
Statutory income tax rate differential $ (211) $ 221 $ 45
Other $ 263 $ 0 $ 0
Percent      
Statutory income tax rate differential 0.00% 21.80% 0.00%
Other 0.00% 0.00% 0.00%
Thailand      
Amount      
Domestic changes in valuation allowance $ 34 $ 45 $ (141)
Other $ (12) $ 0 $ 1
Percent      
Domestic changes in valuation allowance 4.40% (0.10%)
Other 0.00% 0.00% 0.00%
Japan      
Amount      
Statutory income tax rate differential $ (3) $ (21) $ (1)
Other $ 163 $ 0 $ 0
Percent      
Statutory income tax rate differential 0.00% (2.10%) 0.00%
Other 0.00% 0.00% 0.00%
Sweden      
Amount      
Domestic changes in valuation allowance $ (103) $ 98 $ 0
Other (3) 2 1
Foreign NOLs $ 103 $ 62 $ 0
Percent      
Domestic changes in valuation allowance 0.00% 9.70% 0.00%
Other 0.00% 0.20% 0.00%
Foreign NOLs 0.00% 6.20% 0.00%
Taiwan      
Amount      
Statutory income tax rate differential $ (236) $ (141) $ (227)
Statutory income tax rate differential 7,798 7,412 7,753
Other $ 11 $ 1 $ (4)
Percent      
Statutory income tax rate differential 0.00% (13.90%) (0.20%)
Other 0.00% 0.10% 0.00%
Witholding taxes (1.40%) 732.30% 5.60%
United Kingdom      
Amount      
Domestic changes in valuation allowance $ (1,527) $ 413 $ 387
Statutory income tax rate differential 3 (41) (36)
Foreign NOLs $ 19 $ (25) $ (50)
Percent      
Domestic changes in valuation allowance 0.30% 40.00% 0.00%
Statutory income tax rate differential 0.00% (4.10%) 0.00%
Foreign NOLs 0.00% 0.00% 0.00%
Foreign Branch      
Amount      
Statutory income tax rate differential $ (1,425) $ 774 $ 24
Percent      
Statutory income tax rate differential 0.20% 80.00% 0.00%
Other foreign jurisdictions      
Amount      
Other $ (322) $ 1 $ 72
Percent      
Other 0.10% 0.00% 0.00%
v3.25.4
Income Taxes - Additional Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Dec. 30, 2022
Tax Credit Carryforward [Line Items]        
Increase in valuation allowance $ 1,142      
Unrecognized tax benefits $ 51 $ 29 $ 1,274 $ 119
Foreign Branch        
Tax Credit Carryforward [Line Items]        
Tax credit carryforward   $ 45,409    
v3.25.4
Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Jan. 02, 2026
Jan. 03, 2025
Deferred tax assets:    
Foreign tax credits, including amounts associated with accrued charges $ 45,409 $ 47,394
Capitalized research & development 45,210 44,967
Lease liability 19,321 21,368
Inventory 8,938 9,555
Accrued liabilities 7,369 7,519
Interest Carryforward 6,917 5,868
Net operating losses 5,005 2,071
Research and development tax credits 4,261 4,946
Interest rate swap 2,473 1,544
Stock-based compensation 72 0
Other 2,308 2,441
Total deferred tax asset 147,283 147,673
Valuation allowance (2,927) (1,785)
Net deferred tax asset 144,356 145,888
Deferred tax liabilities:    
Intangible assets (30,467) (63,016)
Depreciation (5,686) (12,554)
Lease right-of-use-asset (17,806) (21,389)
Other 0 (2,087)
Total deferred tax liability (53,959) (99,046)
Deferred tax assets $ 90,397 $ 46,842
v3.25.4
Income Taxes - Unrecognized Tax Benefit - Activity (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Unrecognized Tax Benefits [Roll Forward]      
Balance - beginning of period $ 29 $ 1,274 $ 119
Increase related to current year tax positions 281 686 1,274
Decrease related to prior year tax positions (259) (1,931) (119)
Balance - end of period $ 51 $ 29 $ 1,274
v3.25.4
Fair Value Measurements and Financial Instruments - Liabilities at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Deferred Compensation Plan Investments $ 4,693 $ 4,394
Total assets measured at fair value 5,761 10,079
Incremental Term Loans 530,781 560,714
Deferred Compensation Plan Liabilities 4,675 4,300
Total liabilities measured at fair value $ 686,218 $ 718,014
Derivative Asset, Statement Of Financial Position, Extensible Enumeration, Not Disclosed Flag assets assets
Revolving Credit Facility    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Incremental Term Loans $ 150,000 $ 153,000
Interest Rate Swaps    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Interest Rate Swaps 1,068 5,685
Interest Rate Swaps 762 0
Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Deferred Compensation Plan Investments 4,693 4,394
Total assets measured at fair value 4,693 4,394
Incremental Term Loans 0 0
Deferred Compensation Plan Liabilities 4,675 4,300
Total liabilities measured at fair value 4,675 4,300
Level 1 | Revolving Credit Facility    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Incremental Term Loans 0 0
Level 1 | Interest Rate Swaps    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Interest Rate Swaps 0 0
Interest Rate Swaps 0 0
Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Deferred Compensation Plan Investments 0 0
Total assets measured at fair value 1,068 5,685
Incremental Term Loans 530,781 560,714
Deferred Compensation Plan Liabilities 0 0
Total liabilities measured at fair value 681,543 713,714
Level 2 | Revolving Credit Facility    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Incremental Term Loans 150,000 153,000
Level 2 | Interest Rate Swaps    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Interest Rate Swaps 1,068 5,685
Interest Rate Swaps 762 0
Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Deferred Compensation Plan Investments 0 0
Total assets measured at fair value 0 0
Incremental Term Loans 0 0
Deferred Compensation Plan Liabilities 0 0
Total liabilities measured at fair value 0 0
Level 3 | Revolving Credit Facility    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Incremental Term Loans 0 0
Level 3 | Interest Rate Swaps    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Interest Rate Swaps 0 0
Interest Rate Swaps $ 0 $ 0
v3.25.4
Retirement Plan (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Retirement Benefits [Abstract]      
Matching contribution made under the plan $ 6,490 $ 3,687 $ 3,873
v3.25.4
Acquisitions - Additional Information (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended 14 Months Ended
Dec. 19, 2024
Nov. 14, 2023
Feb. 17, 2023
Jan. 03, 2025
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Dec. 31, 2024
Mar. 03, 2023
Business Combination [Line Items]                  
Goodwill       $ 639,505 $ 83,575 $ 639,505 $ 636,565    
Debt issuance costs   $ 10,063              
Goodwill         1,252 (2,278)      
CWH Blocker Corp                  
Business Combination [Line Items]                  
Useful lives     11 years            
Remaining net tax basis                 $ 25,000
Transaction costs             1,001    
Business acquisition, total revenue           65,558      
Business acquisition, pre-tax loss           (1,630)      
Goodwill                 66,002
Liabilities assumed                 (19,593)
Intangible assets                 48,753
CWH Blocker Corp | Customer and distributor relationships                  
Business Combination [Line Items]                  
Useful lives     7 years            
CWH Blocker Corp | Trademarks and brands                  
Business Combination [Line Items]                  
Useful lives     12 years            
CWH Blocker Corp | Developed Technology Rights                  
Business Combination [Line Items]                  
Useful lives     10 years            
Marucci                  
Business Combination [Line Items]                  
Useful lives   16 years              
Transaction costs               $ 3,798  
Business acquisition, total revenue           192,372 16,791    
Business acquisition, pre-tax loss           $ 9,989 $ (3,150)    
Ownership interest acquired (as a percent)   100.00%              
Total consideration at closing   $ 567,236              
Gross contractual accounts receivable                 32,455
Estimated uncollectible                 $ 1,187
Goodwill   244,120              
Liabilities assumed   (70,443)              
Finite-lived intangible assets acquired   57,735              
Marucci | Term Loan                  
Business Combination [Line Items]                  
Debt issuance costs   6,709              
Marucci | Customer and distributor relationships                  
Business Combination [Line Items]                  
Finite-lived intangible assets   $ 83,800              
Marucci | Trademarks and brands                  
Business Combination [Line Items]                  
Useful lives   15 years              
Marucci | Minimum | Customer and distributor relationships                  
Business Combination [Line Items]                  
Useful lives   18 years              
Marucci | Minimum | Developed Technology Rights                  
Business Combination [Line Items]                  
Useful lives   13 years              
Marzocchi                  
Business Combination [Line Items]                  
Transaction costs       $ 2,004 528        
Business acquisition, total revenue         40,600        
Business acquisition, pre-tax loss         (9,619)        
Total consideration at closing $ 20,501                
Goodwill 4,613                
Liabilities assumed (18,373)                
Stepped up intangibles $ 3,500                
Accounts receivable         1,058        
Other assets         744        
Accrued expenses         411        
Other liabilities         413        
Goodwill         $ 1,138        
Marzocchi | Customer and distributor relationships                  
Business Combination [Line Items]                  
Useful lives 15 years                
Finite-lived intangible assets $ 2,000                
v3.25.4
Acquisitions - Allocation of Purchase Price - Custom Wheel House (Details) - USD ($)
$ in Thousands
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Mar. 03, 2023
Business Combination [Line Items]        
Goodwill $ 83,575 $ 639,505 $ 636,565  
CWH Blocker Corp        
Business Combination [Line Items]        
Tangible assets acquired       $ 34,622
Liabilities assumed       (19,593)
Intangible assets       48,753
Goodwill       66,002
Purchase price allocation       $ 129,784
v3.25.4
Acquisitions - Allocation of Purchase Price - Marucci Sports LLC (Details) - USD ($)
$ in Thousands
Nov. 14, 2023
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Fair market values        
Goodwill   $ 83,575 $ 639,505 $ 636,565
Marucci        
Acquisition consideration        
Cash consideration $ 567,092      
Due to sellers 144      
Total consideration at closing 567,236      
Fair market values        
Accounts receivable 31,268      
Inventory 52,672      
Prepaid and other current assets 1,256      
Property, plant and equipment 19,257      
Lease right-of-use assets 9,423      
Goodwill 244,120      
Other assets 583      
Total assets acquired 637,679      
Accounts payable and accrued expenses 13,626      
Accrued expenses 10,512      
Other current liabilities 1,854      
Deferred taxes 37,462      
Other liabilities 6,989      
Total liabilities assumed 70,443      
Purchase price allocation 567,236      
Marucci | Trademarks and brands        
Fair market values        
Finite-lived intangible assets 174,700      
Marucci | Customer and distributor relationships        
Fair market values        
Finite-lived intangible assets 83,800      
Marucci | Core technologies        
Fair market values        
Finite-lived intangible assets $ 20,600      
v3.25.4
Acquisitions - Allocation of Purchase Price - Marzocchi (Details) - USD ($)
$ in Thousands
Dec. 19, 2024
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Fair market values        
Goodwill   $ 83,575 $ 639,505 $ 636,565
Marzocchi        
Acquisition consideration        
Cash consideration $ 20,501      
Total consideration at closing 20,501      
Fair market values        
Accounts receivable 5,648      
Inventory 12,097      
Prepaid and other current assets 1,527      
Property, plant and equipment 5,888      
Goodwill 4,613      
Other assets 5,601      
Total assets acquired 38,874      
Accounts payable and accrued expenses 12,175      
Accrued expenses 2,587      
Deferred taxes 840      
Other liabilities 2,771      
Total liabilities assumed 18,373      
Purchase price allocation 20,501      
Marzocchi | Trademarks and brands        
Fair market values        
Finite-lived intangible assets 1,500      
Marzocchi | Customer and distributor relationships        
Fair market values        
Finite-lived intangible assets $ 2,000      
v3.25.4
Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Beginning Balance $ 1,201,182 $ 1,221,761 $ 1,121,386
Change in net unrealized gain (1,406) 6,418 830
Reclassification of net gain on interest rate swaps to net earnings (4,757) (8,460) (6,775)
Tax effects (1,471) (466) (1,303)
Foreign currency translation adjustments 8,242 (6,309) 1,507
Ending Balance 670,184 1,201,182 1,221,761
Interest Rate Swaps      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Beginning Balance 8,014 10,522  
Change in net unrealized gain (1,406) 6,418  
Reclassification of net gain on interest rate swaps to net earnings (4,757) (8,460)  
Tax effects (1,471) (466)  
Foreign currency translation adjustments 0 0  
Ending Balance 380 8,014 10,522
Foreign Currency Translation      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Beginning Balance (7,790) (1,481)  
Change in net unrealized gain 0 0  
Reclassification of net gain on interest rate swaps to net earnings 0 0  
Tax effects 0 0  
Foreign currency translation adjustments 8,242 (6,309)  
Ending Balance 452 (7,790) (1,481)
Total      
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Beginning Balance 224 9,041 14,782
Ending Balance $ 832 $ 224 $ 9,041
v3.25.4
Segment Information - Narrative (Details)
 12 Months Ended
Jan. 02, 2026
plant
segment
distribution_facility
Segment Reporting Information [Line Items]  
Number of operating segments | segment 3
PVG | United States  
Segment Reporting Information [Line Items]  
Number of plants 2
PVG | ITALY  
Segment Reporting Information [Line Items]  
Number of plants 1
Aftermarket Applications Group  
Segment Reporting Information [Line Items]  
Number of plants 13
SSG  
Segment Reporting Information [Line Items]  
Number of plants 8
Number of distribution facilities | distribution_facility 11
v3.25.4
Segment Information - Summary of Segment Information (Details) - USD ($)
 3 Months Ended 12 Months Ended
Jan. 02, 2026
Apr. 04, 2025
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Segment Reporting Information [Line Items]          
Net sales     $ 1,467,321,000 $ 1,393,921,000 $ 1,464,178,000
Adjusted EBITDA     225,694,000 223,375,000 323,709,000
Goodwill impairment $ (295,178,000) $ (262,129,000) (557,266,000) 0 0
Intangible and long-lived asset impairment       0 0
Non-cash stock-based compensation     (14,266,000) (9,606,000) (16,465,000)
(Loss) income before income taxes     (576,289,000) 1,012,000 138,663,000
Corporate          
Segment Reporting Information [Line Items]          
Unallocated corporate expenses     (57,338,000) (56,362,000) (62,661,000)
Goodwill impairment     (557,307,000) 0 0
Intangible and long-lived asset impairment     (13,517,000) 0 0
Depreciation and amortization     (88,398,000) (83,566,000) (58,603,000)
Non-cash stock-based compensation     (14,266,000) (9,606,000) (16,465,000)
Litigation and settlement-related expenses     (2,042,000) (4,329,000) (2,724,000)
Other acquisition and integration-related expenses     2,375,000 8,054,000 19,214,000
Organizational restructuring expenses     $ (13,890,000) (3,218,000) (3,952,000)
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]     Intangible and long-lived asset impairment    
Loss on fixed asset disposals related to organizational restructure     $ 0 0 (1,027,000)
Strategic transformation costs     (491,000) (1,689,000) 0
Interest and other expense, net     (52,359,000) (55,539,000) (20,400,000)
Other segment items     57,338,000 56,362,000 62,661,000
PVG | Operating Segments          
Segment Reporting Information [Line Items]          
Net sales     488,143,000 461,403,000 523,862,000
Adjusted EBITDA     62,283,000 53,819,000 79,159,000
Unallocated corporate expenses     (425,860,000) (407,584,000) (444,703,000)
Other segment items     425,860,000 407,584,000 444,703,000
Aftermarket Applications Group | Operating Segments          
Segment Reporting Information [Line Items]          
Net sales     470,013,000 421,453,000 551,143,000
Adjusted EBITDA     55,769,000 51,745,000 126,784,000
Unallocated corporate expenses     (414,244,000) (369,708,000) (424,359,000)
Other segment items     414,244,000 369,708,000 424,359,000
SSG | Operating Segments          
Segment Reporting Information [Line Items]          
Net sales     509,165,000 511,065,000 389,173,000
Adjusted EBITDA     107,642,000 117,811,000 117,766,000
Unallocated corporate expenses     (401,523,000) (393,254,000) (271,407,000)
Other segment items     $ 401,523,000 $ 393,254,000 $ 271,407,000
v3.25.4
Restructuring Charges (Details) - Footprint Consolidations And Workforce Reductions
$ in Thousands
 12 Months Ended
Jan. 02, 2026
USD ($)
Restructuring Cost and Reserve [Line Items]  
Total $ 13,890
Facility closure and other related costs  
Restructuring Cost and Reserve [Line Items]  
Total 11,249
Severance and employee related costs  
Restructuring Cost and Reserve [Line Items]  
Total 2,314
Other restructuring costs  
Restructuring Cost and Reserve [Line Items]  
Total 327
Corporate  
Restructuring Cost and Reserve [Line Items]  
Total 496
Corporate | Facility closure and other related costs  
Restructuring Cost and Reserve [Line Items]  
Total 0
Corporate | Severance and employee related costs  
Restructuring Cost and Reserve [Line Items]  
Total 194
Corporate | Other restructuring costs  
Restructuring Cost and Reserve [Line Items]  
Total 302
PVG  
Restructuring Cost and Reserve [Line Items]  
Total 42
PVG | Facility closure and other related costs  
Restructuring Cost and Reserve [Line Items]  
Total 0
PVG | Severance and employee related costs  
Restructuring Cost and Reserve [Line Items]  
Total 29
PVG | Other restructuring costs  
Restructuring Cost and Reserve [Line Items]  
Total 13
AAG  
Restructuring Cost and Reserve [Line Items]  
Total 7,568
AAG | Facility closure and other related costs  
Restructuring Cost and Reserve [Line Items]  
Total 7,369
AAG | Severance and employee related costs  
Restructuring Cost and Reserve [Line Items]  
Total 199
AAG | Other restructuring costs  
Restructuring Cost and Reserve [Line Items]  
Total 0
SSG  
Restructuring Cost and Reserve [Line Items]  
Total 5,784
SSG | Facility closure and other related costs  
Restructuring Cost and Reserve [Line Items]  
Total 3,880
SSG | Severance and employee related costs  
Restructuring Cost and Reserve [Line Items]  
Total 1,892
SSG | Other restructuring costs  
Restructuring Cost and Reserve [Line Items]  
Total $ 12