v3.24.1.u1
Segments (Tables)
3 Months Ended
Mar. 29, 2024
Segment Reporting [Abstract]  
Summary of Segment Information
The tables that follow show selected segment financial information including information for prior comparative period. Unallocated corporate expenses are corporate overhead expenses that are not directly attributable to one of our business segments and include unallocated occupancy costs for our corporate headquarters, acquisition costs, other benefit and compensation programs, including performance-based compensation, and administrative expenses such as accounting, finance, legal, human resources, and information technology expenses.
For the three months ended
March 29, 2024March 31, 2023
Net sales
Power Vehicles Group$118,113 $142,247 
Aftermarket Applications Group101,852 138,717 
Specialty Sports Group113,507 118,887 
Net sales$333,472 $399,851 
Net (loss) income(3,496)41,767 
(Benefit) provision for income taxes(1,267)9,378 
Depreciation and amortization 20,451 13,315 
Non-cash stock-based compensation3,906 5,701 
Litigation and settlement-related expenses1,529 978 
Other acquisition and integration-related expenses (1)5,163 4,474 
Organizational restructuring expenses63 — 
Strategic transformation costs432 — 
Interest and other expense, net13,638 3,545 
Adjusted EBITDA$40,419 $79,158 
Power Vehicles Group15,881 17,658 
Aftermarket Applications Group14,869 36,279 
Specialty Sports Group24,057 41,830 
Unallocated corporate expenses(14,388)(16,609)
Adjusted EBITDA$40,419 $79,158 
(1) Represents various acquisition-related costs and expenses incurred to integrate acquired entities into the Company’s operations and the impact of the finished goods inventory valuation adjustment recorded in connection with the purchase of acquired assets, per period as follows:
For the three months ended
March 29, 2024March 31, 2023
Acquisition related costs and expenses$678 $1,404 
Purchase accounting inventory fair value adjustment amortization4,485 3,070 
Other acquisition and integration-related expenses$5,163 $4,474