0001437749-23-022877 | 10-Q | XBRL Viewer

Warrant Liability [Text Block]

8.	COMMON STOCK WARRANTS AND EARN-OUT LIABILITY

Upon the Closing, there were 14,666,644 Warrants, consisting of 9,999,977 public warrants ("Public Warrants") and 4,666,667 private warrants ("Private Warrants"), outstanding to purchase shares of Common Stock that were issued by Empower prior to the Business Combination. Each warrant entitles the registered holder to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustments, provided that the Company has an effective registration statement under the Securities Act covering the shares of common stock issuable upon exercise of the Warrants and a current prospectus relating to them is available and such shares are registered, qualified or exempt from registration under the securities laws of the state of residence of the holder. The Warrants may be exercised only for a whole number of shares of Common Stock. The Warrants expire on July 16, 2026, the date that is five years after the Closing date, or earlier upon redemption or liquidation. Additionally, the Private Warrants will be non-redeemable and are exercisable on a cashless basis so long as they are held by Empower Sponsor Holdings, LLC (the "Sponsor") or any of its permitted transferees. If the Private Warrants are held by someone other than the Sponsor or its permitted transferees, the Private Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.

The Company may redeem the Public Warrants at a price of $0.01 per warrant upon 30 days' notice if the closing price of Common Stock equals or exceeds $18.00 per share, subject to adjustments, on the trading day prior to the date on which notice of redemption is given, provided there is an effective registration statement and current prospectus in effect with respect to the ordinary shares underlying such Warrants throughout the 30-day redemption period. If the foregoing conditions are satisfied and the Company issues a notice of redemption of the Warrants, the Warrant holder is entitled to exercise his, her or its Warrant prior to the scheduled redemption date. Any such exercise requires the Warrant holder to pay the exercise price for each Warrant being exercised. Further, the Company may redeem the Public Warrants at a price of $0.10 per warrant upon 30 days' notice if the closing price of Common Stock equals or exceeds $10.00 per share, subject to adjustments, on the trading day prior to the date on which notice of redemption is given. Beginning on the date the notice of redemption is given until the Warrants are redeemed or exercised, holders may elect to exercise their Warrants on a cashless basis and receive that number of shares of Common Stock as determined by reference to a table in the warrant agreement.

During any period when the Company has failed to maintain an effective registration statement, warrant holders may exercise Warrants on a cashless basis in accordance with Section 3(a)(9) of the Securities Act or another exemption, and the Company will use its commercially reasonable best efforts to register or qualify the shares under applicable blue-sky laws to the extent an exemption is not available.

The Company’s Warrants are accounted for as a liability in accordance with ASC 815-40 and are presented as a warrant liability on the balance sheet. The warrant liability was measured at fair value at inception and on a recurring basis, with changes in fair value recognized as non-operating expense. As of July 2, 2023 and December 31, 2022, a warrant liability with a fair value of $7,725 and $4,272, respectively, was reflected as a long-term liability in the condensed consolidated balance sheet. An increase of $2,017 and a decrease of $23,168 in the fair value of the warrant liability was reflected as change in fair value of warrant liability in the condensed consolidated statements of comprehensive income for the 13-week periods ended July 2, 2023 and July 3, 2022, respectively. An increase of $3,452 and a decrease of $20,941 in the fair value of the warrant liability was reflected as change in fair value of warrant liability in the condensed consolidated statements of comprehensive income for the 26-week periods ended July 2, 2023 and July 3, 2022, respectively. In April 2022, the Company issued 33,333 shares of Common Stock in connection with the exercise of Public Warrants assumed in the Business Combination.

Additionally, the Sponsor received 2,187,500 shares of Common Stock upon the Closing, which vest in two equal tranches upon achievement of certain market share price milestones during the earn-out period, as outlined in the Merger Agreement (“the “Earn-Out Shares”). The first tranche of Earn-Out Shares vested during the first quarter of 2022. Upon vesting, the first tranche of 1,093,750 Earn-Out Shares were issued and a liability of $14,689, representing the fair value of the shares on the date of vesting, was reclassified from liabilities to equity. The remaining tranche of Earn-Out Shares will be forfeited if the applicable conditions are not satisfied before July 16, 2028 (seven years after the Closing Date). The unvested Earn-Out Shares are presented as an earn-out liability on the balance sheet and are remeasured at fair value with changes in fair value recognized as non-operating expense. As of July 2, 2023 and December 31, 2022, an earn-out liability with a fair value of $2,565 and $1,176, respectively, was reflected as a long-term liability in the condensed consolidated balance sheet. An increase of $961 and a decrease of $4,234 in the fair value of the earn-out liability was reflected as change in fair value of earn-out liability in the condensed consolidated statements of comprehensive income for the 13-week periods ended July 2, 2023 and July 3, 2022, respectively. An increase of $1,389 and a decrease of $1,853 in the fair value of the earn-out liability was reflected as change in fair value of earn-out liability in the condensed consolidated statements of comprehensive income for the 26-week periods ended July 2, 2023 and July 3, 2022, respectively.

Note 16 - Lease Commitments (Details Textual) - USD ($) $ in Thousands	Jul. 02, 2023	Jan. 01, 2022
Increase in Noncurrent Assets for Right-of-Use Assets		$ 33,887
Increase in Liabilities for Associated Lease Obligations		$ 34,579
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	11 years

Note 15 - Equity-based Compensation Plans (Details Textual) - USD ($) $ / shares in Units, $ in Thousands			6 Months Ended
	Jun. 06, 2023	Mar. 08, 2023	Jul. 02, 2023	Jul. 03, 2022	Dec. 31, 2021
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			2,437,743
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 8,849
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			2 years 6 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)			$ 2.75	$ 11.46
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value			$ 303
Restricted Stock Units (RSUs) [Member] \| Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			1 year
Restricted Stock Units (RSUs) [Member] \| Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			4 years
Restricted Stock Units (RSUs) [Member] \| President [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	1,000,000
Performance Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		949,412
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			3 years
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 4,397
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			2 years 4 months 6 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)		$ 1.98
Performance Shares [Member] \| Minimum [Member]
Share-based Compensation Arrangement, Vesting Award Rights, Percentage of Initial Target Awards			0.00%
Performance Shares [Member] \| Maximum [Member]
Share-based Compensation Arrangement, Vesting Award Rights, Percentage of Initial Target Awards			150.00%
Performance Shares [Member] \| President [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	1,520,000
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			3 years
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 1,611
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			1 year 3 months 18 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)			10 years
Profit Interest Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)			41,400,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)			0
The 2021 Omnibus Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)					8,850,000
Common Stock, Capital Shares Reserved for Future Issuance (in shares)			4,422,936

Note 1 - Description of the Business, Basis of Presentation, and Summary of Significant Accounting Policies

6 Months Ended

Jul. 02, 2023

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1.	DESCRIPTION OF THE BUSINESS, BASIS OF PRESENTATION, AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Holley Inc., a Delaware corporation headquartered in Bowling Green, Kentucky (the “Company” or “Holley”), conducts operations through its wholly owned subsidiaries. These operating subsidiaries are comprised of Holley Performance Products Inc. (“Holley Performance”), Hot Rod Brands, Inc. (“Hot Rod Brands”), Simpson Safety Solutions, Inc., B&M Racing and Performance Products, Inc., and Speedshop.com, Inc.

The Company consummated a business combination (the “Business Combination”) pursuant to that certain Agreement and Plan of Merger dated March 11, 2021 (the “Merger Agreement”), by and among Empower Ltd., (“Empower”), Empower Merger Sub I Inc., Empower Merger Sub II LLC, and Holley Intermediate Holdings, Inc. (“Holley Intermediate”) on July 16, 2021, (the “Closing” and such date, the “Closing Date”). The Business Combination was accounted for as a reverse recapitalization in which Holley Intermediate was deemed the accounting acquirer with Holley Inc. as the successor registrant. As such, Empower was treated as the acquired company for financial reporting purposes. On the Closing Date, Empower changed its name to Holley Inc. and its trading symbol on the New York Stock Exchange (the “NYSE”) from “EMPW” to “HLLY.”

The Company designs, manufactures and distributes performance automotive products to customers primarily in the United States, Canada and Europe. The Company is a leading manufacturer of a diversified line of performance automotive products, including carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners and automotive performance plumbing products. The Company is also a leading manufacturer of exhaust products as well as shifters, converters, transmission kits, transmissions, tuners and automotive software. The Company’s products are designed to enhance street, off-road, recreational and competitive vehicle performance through increased horsepower, torque and drivability. The Company has locations in the United States, Canada, Italy and China.

Emerging Growth Company Status

Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company is an emerging growth company, and, as such, has elected to take advantage of the benefits of the extended transition period for new or revised financial accounting standards.

Risks and Uncertainties

The Company's business and results of operations, financial condition, and liquidity are impacted by broad economic conditions including inflation, labor shortages, and disruption of the supply chain, as well as by geopolitical events, specifically the conflict in Ukraine. The Company's operations have been adversely impacted by inflationary pressures primarily related to transportation, labor and component costs. Sales growth in certain products has been constrained by continuing supply chain challenges and automotive electronic component shortages. In response to the global supply chain volatility and inflationary impacts, the Company has attempted to minimize potential adverse impacts on its business with cost savings initiatives, price increases to customers, and by increasing inventory levels of certain products and working closely with its suppliers and customers to minimize disruptions in delivering products to customers. Our profitability has been, and may continue to be, adversely affected by constrained consumer demand, a shift in sales to lower-margin products, and demands on our performance that increase our costs. Should the ongoing macroeconomic conditions not improve, or worsen, or if the Company's attempt to mitigate the impact on its supply chain, operations and costs is not successful, the Company’s business, results of operations and financial condition may be adversely affected.

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP" or “GAAP”) and applicable rules and regulations of the SEC regarding interim financial reporting. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements and notes thereto for the year ended December 31, 2022, as filed with the SEC on March 15, 2023, in the Company’s annual report on Form 10-K. In management’s opinion, the unaudited interim condensed consolidated financial statements reflect all adjustments, which are of a normal and recurring nature, that are necessary for a fair presentation of financial results for the interim periods presented. Operating results for any quarter are not necessarily indicative of the results for the full fiscal year.

The Company operates on a fiscal year that ends on December 31, 2023 and 2022. The three- and six-month periods ended July 2, 2023 and July 3, 2022 each included 13 weeks and 26 weeks, respectively.

Principles of Consolidation

These unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany transactions and accounts have been eliminated in consolidation.

Summary of Significant Accounting Policies

The following are updates to the significant accounting policies described in our audited consolidated financial statements as of and for the year ended December 31, 2022.

Equity-Based Compensation

The Company accounts for equity-based awards granted to employees and nonemployees under the fair value method prescribed by Accounting Standards Codification ("ASC") Subtopic 718-10, Stock Compensation. Equity-based compensation cost is measured based on the estimated grant date fair value of the award and is recognized as expense over the requisite service period (generally the vesting period). The fair value of stock options is estimated using the Black Scholes option-pricing model. Restricted stock units are valued at the stock price on the grant date. The fair value of profit interest units ("PIUs") granted by Holley Parent Holdings, LLC (the "Holley Stockholder") is estimated based on the Company’s estimated equity value for each unit class at the time of granting using the Black-Scholes option-pricing model, discounted to reflect market considerations for illiquidity.

Performance share units that vest based on the achievement of company-designated performance targets are valued at the stock price on the grant date. Compensation expense in respect of such performance share units is recognized each period based on the expected level of achievement and, to the extent that the expected levels of achievement change, compensation cost is adjusted in the period of change with the remaining unrecognized cost recognized over the remaining requisite service period. For performance share units that vest based on the achievement of predetermined market conditions, the Company estimates the grant date fair value using a Monte Carlo simulation model. The fair value associated with each tranche of the award is recognized, straight-line, over the associated requisite service period for that tranche, subject to acceleration if the market condition is met prior to the end of the derived service period.

Unless the awards contain a market condition, previously recognized expense related to forfeited awards is reversed in the period in which the forfeiture occurs. For awards containing a market condition, previously recognized stock-based compensation expense is not reversed when the awards are forfeited as long as the service is provided for the duration of the required service period.

Derivative Financial Instruments

The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, Derivatives and Hedging. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. Derivative liabilities are classified on the balance sheet as current or non-current based on whether or not net cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date.

The Company uses derivative instruments to manage its exposure to changes in interest rates on borrowings under its debt facility. These derivative instruments are primarily valued on the basis of quotes obtained from banks, brokers, and/or dealers. The valuation of the derivative instruments considers future expected interest rates on the notional principal balance remaining, which is comparable to what a prospective acquirer would pay on the measurement date. Valuation pricing models consider inputs such as forward rates, anticipated interest rate volatility relating to the reference rate, as well as time value, counterparty risk and other factors underlying derivative instruments.

Recent Accounting Pronouncements

Accounting Standards Recently Adopted

In October 2021, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. This ASU requires entities to apply the definition of a performance obligation under ASC Topic 606, Revenue from Contracts with Customers, to recognize and measure contract assets and contract liabilities (i.e., deferred revenue) relating to contracts with customers that are acquired in a business combination. Prior to the adoption of ASU 2021-08, an acquirer generally recognized assets acquired, and liabilities assumed in a business combination, including contract assets and contract liabilities arising from revenue contracts with customers, at fair value on the acquisition date. ASU No. 2021-08 results in the acquirer recording acquired contract assets and liabilities on the same basis that would have been recorded by the acquiree before the acquisition under ASC Topic 606. The Company adopted ASU 2021-08 on January 1, 2023. Adoption of ASU 2021-08 did not impact the Company's consolidated financial statements.

Note 9 - Derivative Instruments (Details Textual) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 02, 2023	Jul. 02, 2023	Jul. 03, 2022	Apr. 02, 2023	Jan. 04, 2023
Unrealized Gain (Loss) on Derivatives		$ 2,068	$ (0)
Designated as Hedging Instrument [Member] \| Interest Rate Contract [Member]
Derivative, Notional Amount				$ 500,000	$ 500,000
Derivative, Floor Interest Rate					2.811%
Derivative, Cap Interest Rate					5.00%
Derivative Liability	$ 2,068	2,068
Unrealized Gain (Loss) on Derivatives	5,088	2,068
Payments for (Proceeds from) Hedge, Investing Activities	$ 0	$ 0

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5C

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(9)(d))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column G)(Footnote 8))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5C

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column G))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column E))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5A

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5B

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5B

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483466/210-20-50-3

Reference 22: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483444/210-20-55-22

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483444/210-20-55-10

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-10

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

Note 2 - Acquisitions - Allocation of the Purchase Price to the Estimated Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
Goodwill	$ 419,056	$ 418,121
John's, Southern Kentucky Classics, and Vesta Motorsports [Member]
Accounts receivable		562
Inventory		3,627
Property, plant and equipment		275
Other assets		24
Goodwill		7,352
Accounts payable		(158)
Accrued liabilities		(20)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net		14,863
John's, Southern Kentucky Classics, and Vesta Motorsports [Member] \| Trade Names [Member]
Intangible assets		1,689
John's, Southern Kentucky Classics, and Vesta Motorsports [Member] \| Customer Relationships [Member]
Intangible assets		1,512
John's, Southern Kentucky Classics, and Vesta Motorsports [Member] \| Previously Reported [Member]
Accounts receivable		959
Inventory		3,481
Property, plant and equipment		275
Other assets		1,132
Goodwill		5,858
Accounts payable		(25)
Accrued liabilities		(18)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net		14,863
John's, Southern Kentucky Classics, and Vesta Motorsports [Member] \| Previously Reported [Member] \| Trade Names [Member]
Intangible assets		1,689
John's, Southern Kentucky Classics, and Vesta Motorsports [Member] \| Previously Reported [Member] \| Customer Relationships [Member]
Intangible assets		1,512
John's, Southern Kentucky Classics, and Vesta Motorsports [Member] \| Revision of Prior Period, Adjustment [Member]
Accounts receivable		(397)
Inventory		146
Other assets		(1,108)
Goodwill		1,494
Accounts payable		(133)
Accrued liabilities		(2)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net		$ 0

Note 14 - Benefit Plans - Summarizes the Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 03, 2022	Jul. 03, 2022
Service cost	$ 27	$ 54
Interest cost	32	64
Expected return on plan assets	(52)	(104)
Net periodic benefit cost	$ 7	$ 14

Note 11 - Revenue - Summary of Revenue by Product Category (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Net sales	$ 175,262	$ 179,420	$ 347,467	$ 379,475
Electronic Systems [Member]
Net sales	74,401	71,060	143,152	157,206
Mechanical System [Member]
Net sales	40,920	44,206	84,238	90,048
Exhaust [Member]
Net sales	17,384	18,037	33,213	37,369
Accessories [Member]
Net sales	26,382	28,353	53,847	57,099
Safety [Member]
Net sales	$ 16,175	$ 17,764	$ 33,017	$ 37,753

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

Note 10 - Fair Value Measurements (Tables)

6 Months Ended

Jul. 02, 2023

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	Fair Value Measured on July 2, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Interest rate collar	$	—	$	2,068	$	—	$	2,068

Liabilities:
Warrant liability (Public)	$	4,994	$	—	$	—	$	4,994
Warrant liability (Private)		—		—		2,731		2,731
Earn-out liability		—		—		2,565		2,565
Total fair value liabilities	$	4,994	$	—	$	5,296	$	10,290

	Fair Value Measured on December 31, 2022
	Level 1		Level 2		Level 3		Total
Liabilities:
Warrant liability (Public)	$	2,691	$	—	$	—	$	2,691
Warrant liability (Private)		—		—		1,581		1,581
Earn-out liability		—		—		1,176		1,176
Total fair value liabilities	$	2,691	$	—	$	2,757	$	5,448

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

	July 2, 2023			December 31, 2022
Valuation date price	$	4.09		$	2.12
Strike price	$	11.50		$	11.50
Remaining life (in years)		3.04			3.54
Expected dividend	$	—		$	—
Risk-free interest rate		4.36	%		4.06	%
Price threshold	$	18.00		$	18.00

	July 2, 2023			December 31, 2022
Valuation date price	$	4.09		$	2.12
Expected term (in years)		5.04			5.54
Expected volatility		61.26	%		70.33	%
Risk-free interest rate		4.01	%		3.88	%
Price hurdle	$	15.00		$	15.00

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	Private Warrants			Earn-Out Liability			Total
Balance at December 31, 2021	$	21,793		$	26,596		$	48,389
Liabilities reclassed to equity		—			(14,689	)		(14,689	)
Gains included in earnings		(7,653	)		(1,853	)		(9,506	)
Balance at July 3, 2022	$	14,140		$	10,054		$	24,194

Balance at December 31, 2022	$	1,581		$	1,176		$	2,757
Losses included in earnings		1,150			1,389			2,539
Balance at July 2, 2023	$	2,731		$	2,565		$	5,296

Note 15 - Equity-based Compensation Plans - Summary of Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Outstanding, shares (in shares)	1,108,330
Outstanding, weighted average grant date fair value (in dollars per share)	$ 9.43
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	2,437,743
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 2.75	$ 11.46
Vested, shares (in shares)	(126,197)
Vested, weighted average grant date fair value (in dollars per share)	$ 10.56
Forfeited, shares (in shares)	(189,640)
Forfeited, weighted average grant date fair value (in dollars per share)	$ 12.13
Outstanding, shares (in shares)	3,230,236
Outstanding, weighted average grant date fair value (in dollars per share)	$ 3.42

Note 15 - Equity-based Compensation Plans (Tables)

6 Months Ended

Jul. 02, 2023

Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]

	For the thirteen weeks ended				For the twenty-six weeks ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Restricted stock units	$	1,167	$	1,350	$	1,815	$	2,533
Performance stock units		322		—		374		—
Stock options		317		652		11		1,205
Profit interest units		—		1,481		—		2,907

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

	Unvested Restricted Stock Units
				Weighted
	Number of			Average Grant
	RSUs			Date Fair Value
December 31, 2022		1,108,330		$	9.43
Granted		2,437,743			2.75
Vested		(126,197	)		10.56
Forfeited		(189,640	)		12.13
July 2, 2023		3,230,236		$	3.42

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

						Weighted Average
				Weighted		Remaining
	Number of			Average		Contractual
	Stock Options			Exercise Price		Term (years)
Options outstanding on December 31, 2022		1,709,690		$	10.97
Forfeited		(592,588	)		11.11
Expired		(194,874	)		10.50
Options outstanding on July 2, 2023		922,228		$	10.98		8.26
Options exercisable on, July 2, 2023		307,401		$	10.98		8.26

Note 15 - Equity-based Compensation Plans - Summary of Stock Option Activity (Details) - $ / shares	3 Months Ended	6 Months Ended
	Apr. 02, 2023	Jul. 02, 2023
Options outstanding, shares (in shares)	1,709,690	1,709,690
Options outstanding, weighted average exercise price (in dollars per share)	$ 10.97	$ 10.97
Forfeited, shares (in shares)		(592,588)
Forfeited, weighted average exercise price (in dollars per share)		$ 11.11
Expired, shares (in shares)		(194,874)
Expired, weighted average exercise price (in dollars per share)		$ 10.50
Options outstanding, shares (in shares)		922,228
Options outstanding, weighted average exercise price (in dollars per share)		$ 10.98
Options outstanding, weighted average remaining contractual term (Year)	8 years 3 months 3 days
Options exercisable, shares (in shares)		307,401
Options exercisable, weighted average exercise price (in dollars per share)		$ 10.98
Options exercisable, weighted average remaining contractual term (Year)	8 years 3 months 3 days

Note 10 - Fair Value Measurements

6 Months Ended

Jul. 02, 2023

Fair Value Disclosures [Text Block]

10.

FAIR VALUE MEASUREMENTS

The Company’s financial liabilities subject to fair value measurement on a recurring basis and the level of inputs used for such measurements were as follows:

	Fair Value Measured on July 2, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Interest rate collar	$	—	$	2,068	$	—	$	2,068

Liabilities:
Warrant liability (Public)	$	4,994	$	—	$	—	$	4,994
Warrant liability (Private)		—		—		2,731		2,731
Earn-out liability		—		—		2,565		2,565
Total fair value liabilities	$	4,994	$	—	$	5,296	$	10,290

	Fair Value Measured on December 31, 2022
	Level 1		Level 2		Level 3		Total
Liabilities:
Warrant liability (Public)	$	2,691	$	—	$	—	$	2,691
Warrant liability (Private)		—		—		1,581		1,581
Earn-out liability		—		—		1,176		1,176
Total fair value liabilities	$	2,691	$	—	$	2,757	$	5,448

As of July 2, 2023, the Company's derivative liabilities for its Private and Public Warrants, earn-out liability, and derivative asset for its Collar are measured at fair value on a recurring basis (see Note 8, “Common Stock Warrants and Earn-Out Liability,” and Note 9, "Derivative Instruments," for more details). The fair values of the private warrants and earn-out liability are determined based on significant inputs not observable in the market (Level 3). The valuation of the Level 3 liabilities uses assumptions and estimates the Company believes would be made by a market participant in making the same valuation. The Company assesses these assumptions and estimates on an on-going basis as additional data impacting the assumptions and estimates are obtained. The Company uses a Monte Carlo simulation model to estimate the fair value of its Private Warrants and earn-out liability. The fair value of the Collar, which is included in other noncurrent assets on the condensed consolidated balance sheet, is determined based on models that reflect the contractual terms of the derivative, yield curves, and the credit quality of the counterparties. Inputs are generally observable and do not contain a high level of subjectivity (Level 2). The fair value of the Public Warrants is determined using publicly traded prices (Level 1). Changes in the fair value of the derivative liabilities related to Warrants and the earn-out liability are recognized as non-operating expense in the condensed consolidated statements of comprehensive income. Changes in the fair value of the Collar is recognized as an adjustment to interest expense in the condensed consolidated statements of comprehensive income.

The fair value of Private Warrants was estimated as of the measurement date using the Monte Carlo simulation model with the following assumptions:

	July 2, 2023			December 31, 2022
Valuation date price	$	4.09		$	2.12
Strike price	$	11.50		$	11.50
Remaining life (in years)		3.04			3.54
Expected dividend	$	—		$	—
Risk-free interest rate		4.36	%		4.06	%
Price threshold	$	18.00		$	18.00

The fair value of the earn-out liability was estimated as of the measurement date using the Monte Carlo simulation model with the following assumptions:

	July 2, 2023			December 31, 2022
Valuation date price	$	4.09		$	2.12
Expected term (in years)		5.04			5.54
Expected volatility		61.26	%		70.33	%
Risk-free interest rate		4.01	%		3.88	%
Price hurdle	$	15.00		$	15.00

As of July 2, 2023 and December 31, 2022, the Company has accounts receivable, accounts payable and accrued expenses for which the carrying value approximates fair value due to the short-term nature of these instruments. The carrying value of the Company’s long-term debt approximates fair value as the rates used approximate the market rates currently available to the Company. Fair value measurements used in the impairment reviews of goodwill and intangible assets are Level 3 measurements.

The reconciliation of changes in Level 3 liabilities during the 26-week periods ended July 2, 2023 and July 3, 2022 is as follows:

	Private Warrants			Earn-Out Liability			Total
Balance at December 31, 2021	$	21,793		$	26,596		$	48,389
Liabilities reclassed to equity		—			(14,689	)		(14,689	)
Gains included in earnings		(7,653	)		(1,853	)		(9,506	)
Balance at July 3, 2022	$	14,140		$	10,054		$	24,194

Balance at December 31, 2022	$	1,581		$	1,176		$	2,757
Losses included in earnings		1,150			1,389			2,539
Balance at July 2, 2023	$	2,731		$	2,565		$	5,296

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Note 10 - Fair Value Measurements - Summary of Assumptions for Estimated Fair Value Using Monte Carlo Simulation Model (Details) - Monte Carlo Simulation Model [Member]	Jul. 02, 2023	Dec. 31, 2022
Measurement Input, Share Price [Member] \| Earn Out Liability [Member]
Alternative Investment, Measurement Input	4.09	2.12
Measurement Input, Share Price [Member] \| Warrant Liability Private Placement Warrants [Member]
Alternative Investment, Measurement Input	4.09	2.12
Measurement Input Strike Price [Member] \| Warrant Liability Private Placement Warrants [Member]
Alternative Investment, Measurement Input	11.50	11.50
Measurement Input, Expected Term [Member] \| Earn Out Liability [Member]
Alternative Investment, Measurement Input	5.04	5.54
Measurement Input, Expected Term [Member] \| Warrant Liability Private Placement Warrants [Member]
Alternative Investment, Measurement Input	3.04	3.54
Measurement Input, Price Volatility [Member] \| Earn Out Liability [Member]
Alternative Investment, Measurement Input	0.6126	0.7033
Measurement Input, Risk Free Interest Rate [Member] \| Earn Out Liability [Member]
Alternative Investment, Measurement Input	0.0401	0.0388
Measurement Input, Risk Free Interest Rate [Member] \| Warrant Liability Private Placement Warrants [Member]
Alternative Investment, Measurement Input	0.0436	0.0406
Measurement Input Price Hurdle One [Member] \| Earn Out Liability [Member]
Alternative Investment, Measurement Input	15.00	15.00
Measurement Input Price Threshold [Member] \| Warrant Liability Private Placement Warrants [Member]
Alternative Investment, Measurement Input	18.00	18.00

Note 16 - Lease Commitments

6 Months Ended

Jul. 02, 2023

Lessee, Operating Leases [Text Block]

16.

LEASE COMMITMENTS

On January 1, 2022, the Company adopted ASC Topic 842, Leases, using the modified retrospective optional transition method provided by ASU 2018-11, Leases (Topic 842). The effect of applying this guidance resulted in an increase in noncurrent assets for right-of-use assets of $33,887 and an increase in liabilities for associated lease obligations of $34,579, most of which were classified as noncurrent. The adoption of the standard did not result in a cumulative-effect adjustment to the opening balance of retained earnings.

Under the transition option elected by the Company, ASC Topic 842 is applied only to the most current period and reporting for comparative periods presented in the financial statements continues to be in accordance with ASC Topic 840, Leases, including disclosures. Upon adoption, the Company elected the following practical expedients related to ASC 842:

	•	not reassess whether any expired or existing contracts are or contain leases, not reassess the lease classification for any expired or existing leases, and not reassess initial direct costs for any existing leases;
	•	to account for the lease and non-lease components as a single lease component for all of the Company's leases; and
	•	to apply accounting similar to ASC Topic 840 to leases that meet the definition of short-term leases.

The Company leases retail stores, manufacturing, distribution, engineering, and research and development facilities, office space, equipment, and automobiles under operating lease agreements. Leases have remaining lease terms of one to 11 years, inclusive of renewal options that the Company is reasonably certain to exercise.

The following table summarizes operating lease assets and obligations, and provides information associated with the measurement of operating lease obligations.

	As of
	July 2, 2023			December 31, 2022
Assets:
Operating right of use assets	$	28,965		$	29,522
Liabilities:
Current operating lease liabilities - Accrued liabilities	$	5,112		$	5,112
Long-term operating lease liabilities		24,589			24,992
Total lease liabilities	$	29,701		$	30,104
Lease term and discount rate
Weighted average remaining lease term (in years)		7.6			7.9
Weighted average discount rate		5.91	%		5.77	%

The following summarizes the components of operating lease expense and provides supplemental cash flow information for operating leases:

	For the thirteen weeks ended				For the twenty-six weeks ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Components of lease expense:
Operating lease expense	$	1,707	$	1,482	$	3,293	$	3,901
Short-term lease expense		466		642		978		1,250
Variable lease expense		17		327		169		414
Total lease expense	$	2,190	$	2,451	$	4,440	$	5,565
Supplemental cash flow information related to leases:
Cash paid for amounts included in measurement of operating lease liabilities	$	1,720	$	1,821	$	3,471	$	3,581
Right-of-use assets obtained in exchange for new operating lease liabilities		2,354		13,491		2,354		13,769
Decapitalization of right-of-use assets upon lease termination or modification		154		12,178		154		12,178

The following table summarizes the maturities of the Company's operating lease liabilities as of July 2, 2023:

2023 (excluding the twenty-six weeks ended July 2, 2023)	$	3,434
2024		5,964
2025		4,433
2026		4,236
2027		4,182
Thereafter		15,035
Total lease payments		37,284
Less imputed interest		(7,583	)
Present value of lease liabilities	$	29,701

Note 5 - Goodwill and Other Intangible Assets

6 Months Ended

Jul. 02, 2023

Goodwill and Intangible Assets Disclosure [Text Block]

5.	GOODWILL AND OTHER INTANGIBLE ASSETS

The following presents changes to goodwill for the period indicated:

	For the twenty-six weeks ended
	July 2, 2023
Balance on December 31, 2022		418,121
Measurement period adjustments		935
Balance on July 2, 2023	$	419,056

Goodwill represents the premium paid over the fair value of the net tangible and identifiable intangible assets acquired in the Company's business combinations. The measurement period for the valuation of assets acquired and liabilities assumed ends as soon as information on the facts and circumstances that existed as of the acquisition date becomes available, not to exceed 12 months. Adjustments in purchase price allocations may require a change in the amounts allocated to goodwill during the periods in which the adjustments are determined.

No impairment charges were incurred during the 13-week and 26-week periods ended July 2, 2023 and July 3, 2022. Potential changes in our costs and operating structure, the implementation of synergies, and overall performance in the automotive aftermarket industry, could negatively impact our near-term cash-flow projections and could trigger a potential impairment of the Company's goodwill and / or indefinite-lived intangible assets. In addition, failure to execute the Company's strategic plans as well as increases in weighted average costs of capital could negatively impact the fair value of the reporting unit and increase the risk of future impairment charges.

Intangible assets consisted of the following:

	July 2, 2023
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value
Finite-lived intangible assets:
Customer relationships	$	269,950	$	(49,949	)	$	220,001
Tradenames		13,775		(5,206	)		8,569
Technology		26,676		(12,742	)		13,934
Total finite-lived intangible assets	$	310,401	$	(67,897	)	$	242,504

Indefinite-lived intangible assets:
Tradenames	$	175,109		—		$	175,109

	December 31, 2022
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value
Finite-lived intangible assets:
Customer relationships	$	269,950	$	(44,178	)	$	225,772
Tradenames		13,775		(4,843	)		8,932
Technology		26,676		(11,523	)		15,153
Total finite-lived intangible assets	$	310,401	$	(60,544	)	$	249,857

Indefinite-lived intangible assets:
Tradenames	$	174,998		—		$	174,998

The following outlines the estimated future amortization expense related to intangible assets held as of July 2, 2023:

2023 (excluding the twenty-six weeks ended July 2, 2023)	$	7,204
2024		13,744
2025		13,714
2026		13,608
2027		13,493
Thereafter		180,741
Total	$	242,504

Note 5 - Goodwill and Other Intangible Assets - Schedule of Finite-lived Intangible Assets, Future Amortization Expense (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
2023 (excluding the twenty-six weeks ended July 2, 2023)	$ 7,204
2024	13,744
2025	13,714
2026	13,608
2027	13,493
Thereafter	180,741
Total	$ 242,504	$ 249,857

Note 13 - Earnings Per Share - Schedule of Basic and Diluted Earning Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Net income	$ 12,979	$ 40,563	$ 17,226	$ 57,421
Less: fair value adjustment for Warrants	0	0	0	(20,941)
Net income (loss) - diluted	$ 12,979	$ 40,563	$ 17,226	$ 36,480
Weighted average common shares outstanding - basic (in shares)	117,221,419	116,931,623	117,187,287	116,398,177
Dilutive effect of potential common shares from RSUs (in shares)	647,503	182,930	369,370	177,642
Dilutive effect of potential common shares from Warrants (in shares)	0	0	0	768,156
Weighted average common shares outstanding - diluted (in shares)	117,868,922	117,114,553	117,556,657	117,343,975
Earnings per share:
Basic net income per share (in dollars per share)	$ 0.11	$ 0.35	$ 0.15	$ 0.49
Diluted net income per share (in dollars per share)	$ 0.11	$ 0.35	$ 0.15	$ 0.31

Note 5 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Goodwill, Impairment Loss	$ 0	$ 0	$ 0	$ 0
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill)	$ 0	$ 0	$ 0	$ 0

Note 4 - Property, Plant and Equipment, Net

6 Months Ended

Jul. 02, 2023

Property, Plant and Equipment Disclosure [Text Block]

4.	PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment of the Company consisted of the following:

	As of
	July 2, 2023		December 31, 2022
Land	$	3,426	$	3,426
Buildings and improvements		11,669		11,051
Machinery and equipment		70,947		66,140
Construction in process		5,939		9,563
Total property, plant and equipment		91,981		90,180
Less: accumulated depreciation		42,290		37,999
Property, plant and equipment, net	$	49,691	$	52,181

The Company’s long-lived assets by geographic locations are as follows:

	As of
	July 2, 2023		December 31, 2022
United States	$	47,856	$	50,434
International		1,835		1,747
Total property, plant and equipment, net	$	49,691	$	52,181

Note 7 - Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
Long-Term Debt, Gross	$ 648,089
Other	2,453	$ 2,770
Less unamortized debt issuance costs	(12,083)	(11,557)
Long-Term Debt	636,006	650,563
Less current portion of long-term debt	(6,571)	(7,000)
Long-Term Debt, Excluding Current Maturities	629,435	643,563
Revolving Credit Facility [Member]
Long-Term Debt, Gross	0	10,000
First Lien Note Due November 17, 2028 [Member]
Long-Term Debt, Gross	$ 645,636	$ 649,350

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

Note 5 - Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jul. 02, 2023

Schedule of Goodwill [Table Text Block]

	For the twenty-six weeks ended
	July 2, 2023
Balance on December 31, 2022		418,121
Measurement period adjustments		935
Balance on July 2, 2023	$	419,056

Schedule of Intangible Assets [Table Text Block]

	July 2, 2023
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value
Finite-lived intangible assets:
Customer relationships	$	269,950	$	(49,949	)	$	220,001
Tradenames		13,775		(5,206	)		8,569
Technology		26,676		(12,742	)		13,934
Total finite-lived intangible assets	$	310,401	$	(67,897	)	$	242,504

Indefinite-lived intangible assets:
Tradenames	$	175,109		—		$	175,109

	December 31, 2022
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value
Finite-lived intangible assets:
Customer relationships	$	269,950	$	(44,178	)	$	225,772
Tradenames		13,775		(4,843	)		8,932
Technology		26,676		(11,523	)		15,153
Total finite-lived intangible assets	$	310,401	$	(60,544	)	$	249,857

Indefinite-lived intangible assets:
Tradenames	$	174,998		—		$	174,998

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

2023 (excluding the twenty-six weeks ended July 2, 2023)	$	7,204
2024		13,744
2025		13,714
2026		13,608
2027		13,493
Thereafter		180,741
Total	$	242,504

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

Note 11 - Revenue - Summary of Revenue Based on Geographic Location (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Net sales	$ 175,262	$ 179,420	$ 347,467	$ 379,475
UNITED STATES
Net sales	170,817	173,514	337,235	369,573
ITALY
Net sales	$ 4,445	$ 5,906	$ 10,232	$ 9,902

Note 2 - Acquisitions

6 Months Ended

Jul. 02, 2023

Business Combination Disclosure [Text Block]

2.	ACQUISITIONS

In 2022, the Company completed three acquisitions. These acquisitions are expected to enhance the Company's portfolio of products and services in the automotive aftermarket and automotive safety solutions market.

The Company accounts for acquisitions using the acquisition method, and accordingly, the purchase price has been allocated based upon the fair value of the assets acquired and liabilities assumed. The valuation of the assets acquired and liabilities assumed is subject to revision. If additional information becomes available, the Company may further revise the purchase price allocation as soon as practical, but no later than one year from the acquisition date. Goodwill generated by the acquisitions is primarily attributable to the strong market position of the entities acquired.

Purchase price consideration for all acquisitions was paid primarily in cash. All acquisitions were for 100 percent of the acquired business and are reported in the Consolidated Statements of Cash Flows, net of acquired cash and cash equivalents. Acquisition-related costs, including advisory, legal, accounting, valuation and other costs, are typically expensed in the periods in which the costs are incurred and are recorded in acquisition and restructuring costs. The results of operations of acquired businesses are included in the consolidated financial statements from the acquisition date.

In 2022, the Company acquired substantially all the assets of John's Ind., Inc. ("John's"), Southern Kentucky Classics ("SKC"), and Vesta Motorsports USA, Inc., doing business as RaceQuip ("RaceQuip"). These acquisitions were immaterial business combinations. Cash paid for the three acquisitions, net of cash acquired, was $14,863, and was funded with borrowings from the Company's credit facility and cash on hand. The acquisitions resulted in both amortizable and nonamortizable intangibles and goodwill totaling $10,553. The goodwill and intangibles generated as a result of these acquisitions are deductible for income tax purposes. The final allocation of the purchase price allocation to specific assets acquired and liabilities assumed was adjusted to reflect the final fair value estimate of acquired assets and liabilities, as noted below.

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

				Measurement
	2022			Period			2022
	(as initially reported)			Adjustments			(as adjusted)
Accounts receivable	$	959		$	(397	)	$	562
Inventory		3,481			146			3,627
Property, plant and equipment		275			—			275
Other assets		1,132			(1,108	)		24
Tradenames		1,689			—			1,689
Customer relationships		1,512			—			1,512
Goodwill		5,858			1,494			7,352
Accounts payable		(25	)		(133	)		(158	)
Accrued liabilities		(18	)		(2	)		(20	)
	$	14,863		$	—		$	14,863

The fair value of the acquired customer relationship intangible asset was estimated using the excess earnings approach. The customer relationship intangible asset is being amortized based on the attrition rate of customers which was determined to be 20 years. The fair value of the acquired tradenames intangible asset was estimated using the relief from royalty method, a form of the income approach. The tradenames were determined to have an indefinite life.

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
OPERATING ACTIVITIES:
Net income	$ 17,226	$ 57,421
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	4,953	4,663
Amortization of intangible assets	7,353	7,323
Amortization of deferred loan costs	901	846
Amortization of right of use assets	2,707	2,753
Gain on termination of leases	0	(279)
Fair value adjustments to warrant liability	3,452	(20,941)
Fair value adjustments to earn-out liability	1,389	(1,853)
Fair value adjustments to interest rate collar	(2,068)	0
Equity compensation	2,200	6,645
Change in deferred taxes	(10,663)	(1,090)
Loss on disposal of property, plant and equipment	69	336
Provision for inventory reserves	2,973	2,787
Provision for credit losses	717	145
Accounts receivable	(10,707)	(6,343)
Inventories	11,691	(29,483)
Prepaids and other current assets	2,239	3,838
Accounts payable	(1,337)	(5,778)
Accrued interest	267	484
Accrued and other liabilities	1,021	(643)
Net cash provided by operating activities	34,383	20,831
INVESTING ACTIVITIES:
Capital expenditures	(2,738)	(9,609)
Proceeds from the disposal of fixed assets	356	244
Cash paid for acquisitions, net	0	(14,077)
Net cash used in investing activities	(2,382)	(23,442)
FINANCING ACTIVITIES:
Proceeds from issuance of long-term debt	0	27,000
Deferred financing fees	(1,427)	0
Payments from stock-based award activities	(73)	0
Proceeds from issuance of common stock in connection with the exercise of Warrants	0	383
Net cash used in financing activities	(15,572)	(2,716)
Effect of foreign currency rate fluctuations on cash	161	(443)
Net change in cash and cash equivalents	16,590	(5,770)
Cash and cash equivalents:
Beginning of period	26,150	36,325
End of period	42,740	30,555
Supplemental disclosures of cash flow information:
Cash paid for interest	29,097	16,005
Cash paid for income taxes	12,021	4,276
Empower Sponsor Holdings LLC [Member]
Noncash investing and financing activities:
Vested Earn-out Shares issued to Empower Sponsor Holdings LLC	0	14,689
Principal Payment [Member]
FINANCING ACTIVITIES:
Principal payments on long-term debt	$ (14,072)	$ (30,099)

Note 7 - Debt (Details Textual) $ in Thousands	Nov. 18, 2021 USD ($)	Jul. 02, 2023	Apr. 02, 2023 USD ($)	Feb. 28, 2023 USD ($)	Jan. 04, 2023 USD ($)	Oct. 02, 2022 USD ($)
Interest Rate Contract [Member] \| Designated as Hedging Instrument [Member]
Derivative, Notional Amount			$ 500,000		$ 500,000
Revolving Credit Facility [Member]
Debt Instrument, Term (Year)	5 years
Line of Credit Facility, Maximum Borrowing Capacity	$ 125,000
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	10,000
Letters of Credit Outstanding, Amount			$ 1,728
Delayed Draw Term Loan [Member]
Debt Instrument, Face Amount	100,000
Debt Instrument, Withdrawn Amount						$ 57,000
First Lien Note Due November 17, 2028 [Member]
Debt Issuance Costs, Gross	$ 13,413
First Lien Note Due November 17, 2028 [Member] \| Term Loan [Member]
Debt Instrument, Term (Year)	7 years
Debt Instrument, Face Amount	$ 600,000
First Lien Note Due November 17, 2028 [Member] \| Delayed Draw Term Loan [Member]
Debt Instrument, Periodic Payment, Principal	$ 1,643
Debt Instrument, Periodic Payment, Percentage of Annual Excess Cash FLow	50.00%
The Credit Agreement [Member]
Debt Issuance Costs, Gross				$ 1,427
Debt, Weighted Average Interest Rate		9.20%
Debt Instrument, Covenant, Consolidated Net Leverage Ratio				7.25
Debt Instrument, Covenant, Minimum Liquidity				$ 45,000

Note 12 - Income Taxes

6 Months Ended

Jul. 02, 2023

Income Tax Disclosure [Text Block]

12.

INCOME TAXES

The Company's effective income tax rate is based on expected income, statutory rates and tax planning opportunities available in the various jurisdictions in which it operates. For interim financial reporting, the Company estimates the annual income tax rate based on projected taxable income for the full year and records a quarterly income tax provision or benefit in accordance with the anticipated annual rate. The Company refines the estimates of the year's taxable income as new information becomes available, including actual year-to-date financial results. This continual estimation process often results in a change to the expected effective income tax rate for the year. When this occurs, the Company adjusts the income tax provision during the quarter in which the change in estimate occurs so that the year-to-date provision reflects the expected income tax rate. Significant judgment is required in determining the effective tax rate and in evaluating tax positions.

	For the thirteen weeks ended						For the twenty-six weeks ended
	July 2, 2023			July 3, 2022			July 2, 2023			July 3, 2022
Income tax expense	$	4,098		$	3,023		$	5,664		$	10,211
Effective tax rates		24.0	%		6.9	%		24.7	%		15.1	%

For the 13-week period ended July 2, 2023, the Company's effective tax rate of 24.0% differed from the 21% federal statutory rate primarily due to permanent differences related to changes in fair value of the warrant and earn-out liabilities recognized during the period. For the 13-week period ended July 3, 2022, the Company’s effective tax rate of 6.9% differed from the 21% federal statutory rate primarily due to permanent differences related to changes in the fair value of the warrant and earn-out liabilities recognized during the period.

For the 26-week period ended July 2, 2023, the Company's effective tax rate of 24.7% differed from the 21% federal statutory rate primarily due to permanent differences related to changes in fair value of the warrant and earn-out liabilities recognized during the period. For the 26-week period ended July 3, 2022, the Company’s effective tax rate of 15.1% differed from the 21% federal statutory rate primarily due a permanent difference related to changes in the fair value of the warrant and earn-out liabilities recognized during the period.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

Note 8 - Common Stock Warrants and Earn-out Liability (Details Textual) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	3 Months Ended			6 Months Ended
	Jul. 16, 2021	Apr. 30, 2022	Jul. 02, 2023	Jul. 03, 2022	Apr. 03, 2022	Jul. 02, 2023	Jul. 03, 2022	Dec. 31, 2022	Oct. 09, 2021
Class of Warrant or Right, Outstanding (in shares)									14,666,644
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares)									1
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)									$ 11.50
Warrants and Rights Outstanding, Term (Year)									5 years
Warrant Liability			$ 7,725			$ 7,725		$ 4,272
Fair Value Adjustment of Warrants			2,017	$ (23,168)		3,452	$ (20,941)
Business Combination, Contingent Consideration, Liability, Noncurrent			2,565			2,565		1,176
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability			961	(4,234)		1,389	(1,853)
Empower Sponsor Holdings LLC [Member]
Business Combination, Contingent Consideration, Liability, Noncurrent			2,565			2,565		$ 1,176
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability			$ 961	$ (4,234)		$ 1,389	$ (1,853)
Empower Sponsor Holdings LLC [Member] \| Earn Out Shares [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)	2,187,500
Empower Sponsor Holdings LLC [Member] \| Tranche One [Member]
Stock Issued During Period, Shares, Acquisitions (in shares)					1,093,750
Stock Issued During Period, Value, Acquisitions					$ 14,689
Public Warrants [Member]
Class of Warrant or Right, Outstanding (in shares)									9,999,977
Stock Issued During Period, Shares, Warrants Exercised (in shares)		33,333
Public Warrants [Member] \| Measurement Input, Share Price [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)									$ 0.01
Share Price (in dollars per share)									18.00
Public Warrants [Member] \| Measurement Input Share Price1 [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)									0.10
Share Price (in dollars per share)									$ 10.00
Private Placement Warrants [Member]
Class of Warrant or Right, Outstanding (in shares)									4,666,667

Note 16 - Lease Commitments - Schedule of Operating Lease Expense Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Components of lease expense:
Operating lease expense	$ 1,707	$ 1,482	$ 3,293	$ 3,901
Short-term lease expense	466	642	978	1,250
Variable lease expense	17	327	169	414
Total lease expense	2,190	2,451	4,440	5,565
Cash paid for amounts included in measurement of operating lease liabilities	1,720	1,821	3,471	3,581
Right-of-use assets obtained in exchange for new operating lease liabilities	2,354	13,491	2,354	13,769
Decapitalization of right-of-use assets upon lease termination or modification	$ 154	$ 12,178	$ 154	$ 12,178

Note 10 - Fair Value Measurements - Reconciliation of Changes (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022
Balance	$ 2,757	$ 48,389
Liabilities reclassed to equity		(14,689)
Gains included in earnings	2,539	(9,506)
Balance	5,296	24,194
Private Placement Warrants [Member]
Balance	1,581	21,793
Liabilities reclassed to equity		0
Gains included in earnings	1,150	(7,653)
Balance	2,731	14,140
Earn Out Liability [Member]
Balance	1,176	26,596
Liabilities reclassed to equity		(14,689)
Gains included in earnings	1,389	(1,853)
Balance	$ 2,565	$ 10,054

Note 18 - Commitments and Contingencies (Tables)

6 Months Ended

Jul. 02, 2023

Schedule of Product Warranty Liability [Table Text Block]

	For the thirteen weeks ended						For the twenty-six weeks ended
	July 2, 2023			July 3, 2022			July 2, 2023			July 3, 2022
Beginning balance	$	3,181		$	3,816		$	3,584		$	3,994
Accrued for current year warranty claims		3,513			446			6,467			3,034
Settlement of warranty claims		(2,818	)		(1,937	)		(6,175	)		(4,703	)
Ending balance	$	3,876		$	2,325		$	3,876		$	2,325

Note 17 - Acquisition, Restructuring and Management Fee Costs

6 Months Ended

Jul. 02, 2023

Restructuring, Impairment, and Other Activities Disclosure [Text Block]

17.

ACQUISITION, RESTRUCTURING AND MANAGEMENT FEE COSTS

The following table summarizes the Company's total acquisition, restructuring and management fee costs:

	For the thirteen weeks ended				For the twenty-six weeks ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Acquisitions ⁽¹⁾	$	—	$	1,372	$	—	$	1,621
Restructuring ⁽²⁾		352		319		1,691		360
Total acquisition, restructuring and management fees	$	352	$	1,691	$	1,691	$	1,981
(1) Includes professional fees for legal, accounting, consulting, administrative, and other professional services directly attributable to acquisitions.
(2) Includes costs incurred as part of the restructuring of operations including professional and consulting services and executive severance.

Note 6 - Accrued Liabilities

6 Months Ended

Jul. 02, 2023

Accrued Liabilities Disclosure [Text Block]

6.	ACCRUED LIABILITIES

Accrued liabilities of the Company consisted of the following:

	As of
	July 2, 2023		December 31, 2022
Accrued freight	$	5,865	$	6,861
Accrued employee compensation and benefits		8,682		6,259
Accrued returns and allowances		6,094		5,214
Accrued taxes		8,793		5,222
Current portion of operating lease liabilities		5,112		5,112
Accrued other		12,059		14,649
Total accrued liabilities	$	46,605	$	43,317

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Net sales	$ 175,262	$ 179,420	$ 347,467	$ 379,475
Cost of goods sold	105,514	104,132	210,006	221,466
Gross profit	69,748	75,288	137,461	158,009
Selling, general, and administrative	29,101	36,269	59,118	70,611
Research and development costs	6,182	8,196	12,835	16,357
Amortization of intangible assets	3,674	3,662	7,353	7,323
Acquisition and restructuring costs	352	1,691	1,691	1,981
Other operating expense	485	325	536	547
Total operating expense	39,794	50,143	81,533	96,819
Operating income	29,954	25,145	55,928	61,190
Fair value adjustments to warrant liability	2,017	(23,168)	3,452	(20,941)
Fair value adjustments to earn-out liability	961	(4,234)	1,389	(1,853)
Interest expense	(9,899)	(8,961)	(28,197)	(16,352)
Total non-operating expense (income)	12,877	(18,441)	33,038	(6,442)
Income before income taxes	17,077	43,586	22,890	67,632
Income tax expense	4,098	3,023	5,664	10,211
Net income	12,979	40,563	17,226	57,421
Comprehensive income:
Foreign currency translation adjustment	272	501	73	742
Total comprehensive income	$ 13,251	$ 41,064	$ 17,299	$ 58,163
Common Share Data:
Weighted average common shares outstanding - basic (in shares)	117,221,419	116,931,623	117,187,287	116,398,177
Weighted average common shares outstanding - diluted (in shares)	117,868,922	117,114,553	117,556,657	117,343,975
Basic net income per share (in dollars per share)	$ 0.11	$ 0.35	$ 0.15	$ 0.49
Diluted net income per share (in dollars per share)	$ 0.11	$ 0.35	$ 0.15	$ 0.31

Note 2 - Acquisitions (Details Textual) - John's, Southern Kentucky Classics, and Vesta Motorsports [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Payments to Acquire Businesses, Gross	$ 14,863
Business Combination Intangible Assets Including Goodwill Acquired	$ 10,553
Customer Relationships [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	20 years

Note 18 - Commitments and Contingencies

6 Months Ended

Jul. 02, 2023

Commitments and Contingencies Disclosure [Text Block]

18.

COMMITMENTS AND CONTINGENCIES

The Company is a party to various lawsuits and claims in the normal course of business. While the lawsuits and claims against the Company cannot be predicted with certainty, management believes that the ultimate resolution of such matters will not have a material effect on the consolidated financial position or liquidity of the Company; however, in light of the inherent uncertainties involved in such lawsuits and claims, some of which may be beyond the Company’s control, an adverse outcome in one or more of these matters could be material to the Company’s results of operations or cash flows for any particular reporting period.

The Company generally warrants its products against certain manufacturing and other defects. These product warranties are provided for specific periods of time depending on the nature of the product. The accrued product warranty costs are based primarily on historical experience of actual warranty claims and are recorded at the time of the sale.

The following table provides the changes in the Company's accrual for product warranties, which is classified as a component of accrued liabilities in the condensed consolidated balance sheets.

	For the thirteen weeks ended						For the twenty-six weeks ended
	July 2, 2023			July 3, 2022			July 2, 2023			July 3, 2022
Beginning balance	$	3,181		$	3,816		$	3,584		$	3,994
Accrued for current year warranty claims		3,513			446			6,467			3,034
Settlement of warranty claims		(2,818	)		(1,937	)		(6,175	)		(4,703	)
Ending balance	$	3,876		$	2,325		$	3,876		$	2,325

Note 5 - Goodwill and Other Intangible Assets - Schedule of Goodwill (Details) $ in Thousands	6 Months Ended
	Jul. 02, 2023 USD ($)
Balance	$ 418,121
Measurement period adjustments	935
Balance	$ 419,056

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

Note 16 - Lease Commitments (Tables)

6 Months Ended

Jul. 02, 2023

Schedule of Operating Lease Assets and Obligations [Table Text Block]

	As of
	July 2, 2023			December 31, 2022
Assets:
Operating right of use assets	$	28,965		$	29,522
Liabilities:
Current operating lease liabilities - Accrued liabilities	$	5,112		$	5,112
Long-term operating lease liabilities		24,589			24,992
Total lease liabilities	$	29,701		$	30,104
Lease term and discount rate
Weighted average remaining lease term (in years)		7.6			7.9
Weighted average discount rate		5.91	%		5.77	%

Lease, Cost [Table Text Block]

	For the thirteen weeks ended				For the twenty-six weeks ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Components of lease expense:
Operating lease expense	$	1,707	$	1,482	$	3,293	$	3,901
Short-term lease expense		466		642		978		1,250
Variable lease expense		17		327		169		414
Total lease expense	$	2,190	$	2,451	$	4,440	$	5,565
Supplemental cash flow information related to leases:
Cash paid for amounts included in measurement of operating lease liabilities	$	1,720	$	1,821	$	3,471	$	3,581
Right-of-use assets obtained in exchange for new operating lease liabilities		2,354		13,491		2,354		13,769
Decapitalization of right-of-use assets upon lease termination or modification		154		12,178		154		12,178

Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]

2023 (excluding the twenty-six weeks ended July 2, 2023)	$	3,434
2024		5,964
2025		4,433
2026		4,236
2027		4,182
Thereafter		15,035
Total lease payments		37,284
Less imputed interest		(7,583	)
Present value of lease liabilities	$	29,701

Note 17 - Acquisition, Restructuring and Management Fee Costs (Tables)

6 Months Ended

Jul. 02, 2023

Schedule of Acquisition, Restructuring and Management Fee Costs [Table Text Block]

	For the thirteen weeks ended				For the twenty-six weeks ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Acquisitions ⁽¹⁾	$	—	$	1,372	$	—	$	1,621
Restructuring ⁽²⁾		352		319		1,691		360
Total acquisition, restructuring and management fees	$	352	$	1,691	$	1,691	$	1,981
(1) Includes professional fees for legal, accounting, consulting, administrative, and other professional services directly attributable to acquisitions.
(2) Includes costs incurred as part of the restructuring of operations including professional and consulting services and executive severance.

Note 6 - Accrued Liabilities (Tables)

6 Months Ended

Jul. 02, 2023

Schedule of Accrued Liabilities [Table Text Block]

	As of
	July 2, 2023		December 31, 2022
Accrued freight	$	5,865	$	6,861
Accrued employee compensation and benefits		8,682		6,259
Accrued returns and allowances		6,094		5,214
Accrued taxes		8,793		5,222
Current portion of operating lease liabilities		5,112		5,112
Accrued other		12,059		14,649
Total accrued liabilities	$	46,605	$	43,317

Note 12 - Income Taxes - Schedule of Provision and Effective Tax rates (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Income tax expense	$ 4,098	$ 3,023	$ 5,664	$ 10,211
Effective tax rates	24.00%	6.90%	24.70%	15.10%

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Note 3 - Inventory (Tables)

6 Months Ended

Jul. 02, 2023

Schedule of Inventory, Current [Table Text Block]

	As of
	July 2, 2023		December 31, 2022
Raw materials	$	71,392	$	78,586
Work-in-process		24,915		23,906
Finished goods		121,197		131,081
	$	217,504	$	233,573

Note 12 - Income Taxes (Tables)

6 Months Ended

Jul. 02, 2023

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	For the thirteen weeks ended						For the twenty-six weeks ended
	July 2, 2023			July 3, 2022			July 2, 2023			July 3, 2022
Income tax expense	$	4,098		$	3,023		$	5,664		$	10,211
Effective tax rates		24.0	%		6.9	%		24.7	%		15.1	%

Note 16 - Lease Commitments - Schedule of Future Minimum Rental Payments for Operating Leases (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
2023 (excluding the twenty-six weeks ended July 2, 2023)	$ 3,434
2024	5,964
2025	4,433
2026	4,236
2027	4,182
Thereafter	15,035
Total lease payments	37,284
Less imputed interest	(7,583)
Present value of lease liabilities	29,701	$ 30,104
Accrued Liabilities and Other Noncurrent Liabilities [Member]
Present value of lease liabilities	$ 29,701

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 42,740	$ 26,150
Accounts receivable, less allowance for credit losses of $2,092 and $1,550 respectively	57,080	47,083
Inventory	217,504	233,573
Prepaids and other current assets	15,951	18,157
Total current assets	333,275	324,963
Property, plant, and equipment, net	49,691	52,181
Goodwill	419,056	418,121
Other intangibles assets, net	417,613	424,855
Right-of-use assets	28,965	29,522
Other noncurrent assets	2,068	0
Total assets	1,250,668	1,249,642
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	43,774	44,948
Accrued interest	6,261	5,994
Accrued liabilities	46,605	43,317
Current portion of long-term debt	6,571	7,000
Total current liabilities	103,211	101,259
Long-term debt, net of current portion	629,435	643,563
Warrant liability	7,725	4,272
Earn-out liability	2,565	1,176
Deferred taxes	47,727	58,390
Long-term operating lease liabilities	24,589	24,992
Total liabilities	815,252	833,652
Commitments and contingencies (Refer to Note 18 - Commitments and Contingencies)
Stockholders' equity:
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding on July 2, 2023 and December 31, 2022	0	0
Common stock, $0.0001 par value, 550,000,000 shares authorized, 117,249,854 and 117,147,997 shares issued and outstanding on July 2, 2023 and December 31, 2022, respectively	12	12
Additional paid-in capital	370,249	368,122
Accumulated other comprehensive loss	(871)	(944)
Retained earnings	66,026	48,800
Total stockholders' equity	435,416	415,990
Total liabilities and stockholders' equity	$ 1,250,668	$ 1,249,642

Note 7 - Debt

6 Months Ended

Jul. 02, 2023

Debt Disclosure [Text Block]

DEBT

Debt of the Company consisted of the following:

	As of
	July 2, 2023			December 31, 2022
First lien term loan due November 17, 2028	$	645,636		$	649,350
Revolver		—			10,000
Other		2,453			2,770
Less unamortized debt issuance costs		(12,083	)		(11,557	)
		636,006			650,563
Less current portion of long-term debt		(6,571	)		(7,000	)
	$	629,435		$	643,563

On November 18, 2021, the Company entered into a credit facility with a syndicate of lenders and Wells Fargo Bank, N.A., as administrative agent for the lenders, letter of credit issuer and swing line lender (the "Credit Agreement"). The financing consisted of a seven-year $600,000 first lien term loan, a five-year $125,000 revolving credit facility, and a $100,000 delayed draw term loan. The proceeds of delayed draw loans made after closing were available to the Company to finance acquisitions. Upon the expiration of the delayed draw term loan in May 2022, the Company had drawn $57,000, which is included in the amount outstanding under the first lien term loan due November 17, 2028.

The revolving credit facility includes a letter of credit facility in the amount of $10,000, pursuant to which letters of credit may be issued as long as revolving loans may be advanced and subject to availability under the revolving credit facility. The Company had $1,728 in outstanding letters of credit on July 2, 2023.

Proceeds from the credit facility were used to repay in full the Company’s obligations under its previously existing first lien and second lien notes and to pay $13,413 in deferred financing fees related to the refinancing.

The first lien term loan is to be repaid in quarterly payments of $1,643 through September 30, 2028 with the balance due upon maturity on November 17, 2028. The Company is required to make annual payments on the term loan in an amount equal to 50% of annual excess cash flow greater than $5,000, as defined in the Credit Agreement. This percentage requirement may decrease or be eliminated if certain leverage ratios are achieved. Based on the Company's results for 2022, no excess cash flow payment was required in 2023. Any such payments offset future mandatory quarterly payments.

As of July 2, 2023, amounts outstanding under the credit facility accrue interest at a rate equal to either the Secured Overnight Financing Rate ("SOFR") or base rate, at the Company's election, plus a specified margin. In the case of revolving credit loans and letter of credit fees, the specified margin is based on the Company's Total Leverage Ratio, as defined in the Credit Agreement. Commitment fees payable under the revolving credit facility are based on the Company's Total Leverage Ratio. On July 2, 2023, the weighted average interest rate on the Company's borrowings under the credit facility was 9.2%.

The Company has entered into an interest rate collar in the notional amount of $500,000 to hedge the Company's exposure to fluctuations in interest rates on its variable-rate debt. Refer to Note 9, "Derivative Instruments," for additional information.

Obligations under the Credit Agreement are secured by substantially all of the Company’s assets. The Credit Agreement includes representations and warranties and affirmative and negative covenants customary for financings of this type, including, but not limited to, limitations on restricted payments, additional borrowings, additional investments, and asset sales.

In February 2023, the Company entered into an amendment to the Credit Agreement which, among other things, increases the consolidated net leverage ratio financial covenant level applicable under the Credit Agreement as of the quarter ending April 2, 2023 through the quarter ending March 31, 2024 (the “Covenant Relief Period”), to initially 7.25:1.00, and provides for modified step-down levels for such covenant thereafter. As an ongoing condition to the Covenant Relief Period, the Company also agreed to (i) a minimum liquidity test, (ii) an interest coverage test, (iii) an anti-cash hoarding test at any time revolving loans are outstanding, and (iv) additional reporting obligations. Under the amended Credit Agreement, the revolving credit facility contains a minimum liquidity financial covenant of $45,000, which includes unrestricted cash and any available borrowing capacity under the revolving credit facility. In April 2023, the Company entered into a second amendment to the Credit Agreement in which the interest rate on any outstanding borrowings under the Credit Agreement was changed from LIBOR to SOFR. In May 2023, the Company entered into a third amendment to the Credit Agreement in which certain defined terms were clarified. The Company incurred $1,427 of deferred financing fees related to these amendments. On July 2, 2023, the Company was in compliance with all financial covenants.

Some of the lenders that are parties to the Credit Agreement, and their respective affiliates, have various relationships with the Company in the ordinary course of business involving the provision of financial services, including cash management, commercial banking, investment banking or other services.

Future maturities of long-term debt and amortization of debt issuance costs as of July 2, 2023 are as follows:

	Debt		Debt Issuance Costs
2023 (excluding the twenty-six weeks ended July 2, 2023)	$	3,793	$	907
2024		7,447		1,942
2025		7,642		2,096
2026		6,571		2,265
2027		6,571		2,450
Thereafter		616,065		2,423
	$	648,089	$	12,083

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Note 6 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
Accrued freight	$ 5,865	$ 6,861
Accrued employee compensation and benefits	8,682	6,259
Accrued returns and allowances	6,094	5,214
Accrued taxes	8,793	5,222
Current portion of operating lease liabilities	5,112	5,112
Accrued other	12,059	14,649
Total accrued liabilities	$ 46,605	$ 43,317

Note 10 - Fair Value Measurements - Schedule of Value Assets and Liabilities Measured on Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
Liability	$ 10,290	$ 5,448
Warrant Liability Public Warrants [Member]
Liability	4,994	2,691
Warrant Liability Private Placement Warrants [Member]
Liability	2,731	1,581
Earn Out Liability [Member]
Liability	2,565	1,176
Fair Value, Inputs, Level 1 [Member]
Liability	4,994	2,691
Fair Value, Inputs, Level 1 [Member] \| Warrant Liability Public Warrants [Member]
Liability	4,994	2,691
Fair Value, Inputs, Level 1 [Member] \| Warrant Liability Private Placement Warrants [Member]
Liability	0	0
Fair Value, Inputs, Level 1 [Member] \| Earn Out Liability [Member]
Liability	0	0
Fair Value, Inputs, Level 2 [Member]
Liability	0	0
Fair Value, Inputs, Level 2 [Member] \| Warrant Liability Public Warrants [Member]
Liability	0	0
Fair Value, Inputs, Level 2 [Member] \| Warrant Liability Private Placement Warrants [Member]
Liability	0	0
Fair Value, Inputs, Level 2 [Member] \| Earn Out Liability [Member]
Liability	0	0
Fair Value, Inputs, Level 3 [Member]
Liability	5,296	2,757
Fair Value, Inputs, Level 3 [Member] \| Warrant Liability Public Warrants [Member]
Liability	0	0
Fair Value, Inputs, Level 3 [Member] \| Warrant Liability Private Placement Warrants [Member]
Liability	2,731	1,581
Fair Value, Inputs, Level 3 [Member] \| Earn Out Liability [Member]
Liability	2,565	$ 1,176
Interest Rate Contract [Member] \| Derivative Financial Instruments, Assets [Member]
Interest rate collar	2,068
Interest Rate Contract [Member] \| Fair Value, Inputs, Level 1 [Member] \| Derivative Financial Instruments, Assets [Member]
Interest rate collar	0
Interest Rate Contract [Member] \| Fair Value, Inputs, Level 2 [Member] \| Derivative Financial Instruments, Assets [Member]
Interest rate collar	2,068
Interest Rate Contract [Member] \| Fair Value, Inputs, Level 3 [Member] \| Derivative Financial Instruments, Assets [Member]
Interest rate collar	$ 0

Note 14 - Benefit Plans (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Defined Contribution Pension [Member]
Defined Contribution Plan, Employer Discretionary Contribution Amount		$ 150		$ 150
The 401K [Member]
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 565	$ 1,156	$ 1,140	$ 1,844

Note 14 - Benefit Plans

6 Months Ended

Jul. 02, 2023

Defined Benefit Plan [Text Block]

14.

BENEFIT PLANS

On January 28, 2022, the Company approved the termination of its defined benefit pension plan (the "Plan"), effective March 31, 2022. The final distribution of the Plan's assets pursuant to the termination was made in the fourth quarter of 2022 when the plan termination satisfied all regulatory requirements. Plan participants received their accrued benefits from plan assets by electing either lump sum distributions or annuity contracts with a qualifying third-party annuity provider.

The following table provides the components of net periodic benefit cost for the 13-week and 26-week periods ended July 3, 2022:

	For the thirteen weeks ended			For the twenty-six weeks ended
	July 3, 2022			July 3, 2022
Components of expense:
Service cost	$	27		$	54
Interest cost		32			64
Expected return on plan assets		(52	)		(104	)
Net periodic benefit cost	$	7		$	14

The Company's contributions to the Plan were $150 for the 26-week period ended July 3, 2022.

The Company made matching contributions totaling $565 and $1,156 to its 401(k) plan during the 13-week periods ended July 2, 2023 and July 3, 2022, respectively. The Company made matching contributions totaling $1,140 and $1,844 to its 401(k) plan during the 26-week periods ended July 2, 2023 and July 3, 2022, respectively.

Note 12 - Income Taxes (Details Textual)	3 Months Ended		6 Months Ended
Note 12 - Income Taxes (Details Textual)	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Effective Income Tax Rate Reconciliation, Percent	24.00%	6.90%	24.70%	15.10%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%	21.00%	21.00%

Note 4 - Property, Plant and Equipment, Net - Schedule of Long-lived Assets by Geographic Locations (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
Property, plant, and equipment, net	$ 49,691	$ 52,181
UNITED STATES
Property, plant, and equipment, net	47,856	50,434
Non-US [Member]
Property, plant, and equipment, net	$ 1,835	$ 1,747

Note 18 - Commitments and Contingencies - Schedule of Accrual For Product Warranties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Beginning balance	$ 3,181	$ 3,816	$ 3,584	$ 3,994
Accrued for current year warranty claims	3,513	446	6,467	3,034
Settlement of warranty claims	(2,818)	(1,937)	(6,175)	(4,703)
Ending balance	$ 3,876	$ 2,325	$ 3,876	$ 2,325

Note 4 - Property, Plant and Equipment, Net (Tables)

6 Months Ended

Jul. 02, 2023

Property, Plant and Equipment [Table Text Block]

	As of
	July 2, 2023		December 31, 2022
Land	$	3,426	$	3,426
Buildings and improvements		11,669		11,051
Machinery and equipment		70,947		66,140
Construction in process		5,939		9,563
Total property, plant and equipment		91,981		90,180
Less: accumulated depreciation		42,290		37,999
Property, plant and equipment, net	$	49,691	$	52,181

Long-Lived Assets by Geographic Areas [Table Text Block]

	As of
	July 2, 2023		December 31, 2022
United States	$	47,856	$	50,434
International		1,835		1,747
Total property, plant and equipment, net	$	49,691	$	52,181

Note 3 - Inventory - Schedule of Inventory (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
Raw materials	$ 71,392	$ 78,586
Work-in-process	24,915	23,906
Finished goods	121,197	131,081
Inventory, Net	$ 217,504	$ 233,573

Note 9 - Derivative Instruments

6 Months Ended

Jul. 02, 2023

Derivative Instruments and Hedging Activities Disclosure [Text Block]

9.	DERIVATIVE INSTRUMENTS

The Company from time to time enters into derivative financial instruments, such as interest rate collar agreements (“Collars”), to manage its exposure to fluctuations in interest rates on the Company’s variable rate debt. On January 4, 2023, the Company entered into a Collar with Wells Fargo Bank, N.A. ("Wells Fargo") with a notional amount of $500,000 that expires on February 18, 2026. The Collar has a floor of 2.811% and a cap of 5% (based on three-month SOFR). The structure of this Collar is such that the Company receives an incremental amount if the Collar index exceeds the cap rate. Conversely, the Company pays an incremental amount to Wells Fargo if the Collar index falls below the floor rate. No payments are required if the Collar index falls between the cap and floor rates.

As of July 2, 2023, the Company recognized a derivative asset of $2,068 for the Collar in other noncurrent assets on the condensed consolidated balance sheet. For the 13-week and 26-week periods ended July 2, 2023, the Company recorded a net change in the fair value of the Collar as a decrease to interest expense of $5,088 and $2,068, respectively. No cash payments were made or received during the 13-week and 26-week periods ended July 2, 2023, as the applicable rate was between the cap and floor rates as of the settlement dates.

The fair value of the Collar is determined using observable market-based inputs and the impact of credit risk on the derivative’s fair value (the creditworthiness of the Company’s counterparty for assets and the creditworthiness of the Company for liabilities) (a Level 2 measurement, as described in Note 10, "Fair Value Measurements").

Note 4 - Property, Plant and Equipment, Net - Schedule of Property, Plant, and Equipment (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
Property, Plant, and Equipment, Gross	$ 91,981	$ 90,180
Less: accumulated depreciation	42,290	37,999
Property, plant and equipment, net	49,691	52,181
Land [Member]
Property, Plant, and Equipment, Gross	3,426	3,426
Building and Building Improvements [Member]
Property, Plant, and Equipment, Gross	11,669	11,051
Machinery and Equipment [Member]
Property, Plant, and Equipment, Gross	70,947	66,140
Construction in Progress [Member]
Property, Plant, and Equipment, Gross	$ 5,939	$ 9,563

Note 14 - Benefit Plans (Tables)

6 Months Ended

Jul. 02, 2023

Schedule of Net Benefit Costs [Table Text Block]

	For the thirteen weeks ended			For the twenty-six weeks ended
	July 3, 2022			July 3, 2022
Components of expense:
Service cost	$	27		$	54
Interest cost		32			64
Expected return on plan assets		(52	)		(104	)
Net periodic benefit cost	$	7		$	14

Note 3 - Inventory

6 Months Ended

Jul. 02, 2023

Inventory Disclosure [Text Block]

3.	INVENTORY

Inventories of the Company consisted of the following:

	As of
	July 2, 2023		December 31, 2022
Raw materials	$	71,392	$	78,586
Work-in-process		24,915		23,906
Finished goods		121,197		131,081
	$	217,504	$	233,573

Note 15 - Equity-based Compensation Plans

6 Months Ended

Jul. 02, 2023

Shareholders' Equity and Share-Based Payments [Text Block]

15.

EQUITY-BASED COMPENSATION PLANS

In 2021, the Company adopted the 2021 Omnibus Incentive Plan (the “2021 Plan”), under which awards, including stock options, restricted stock units ("RSUs") and performance stock units ("PSUs") may be granted to employees and non-employee directors. The 2021 Plan authorized 8,850,000 shares of Common Stock to be available for award grants. As of July 2, 2023, 4,422,936 shares of Common Stock remained available for future issuance under the 2021 Plan. On June 6, 2023, the Company granted 1,000,000 RSUs and 1,520,000 PSUs to its new President and Chief Executive Officer. These awards were granted outside of the 2021 Plan as employment inducement awards and did not require shareholder approval under the rules of the New York Stock Exchange or otherwise.

Equity-based compensation expense included the following components:

	For the thirteen weeks ended				For the twenty-six weeks ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Restricted stock units	$	1,167	$	1,350	$	1,815	$	2,533
Performance stock units		322		—		374		—
Stock options		317		652		11		1,205
Profit interest units		—		1,481		—		2,907

All equity-based compensation expenses are recorded in selling, general and administrative costs in the condensed consolidated statements of comprehensive income.

Restricted Stock Units

The Compensation Committee has awarded RSUs to select employees and non-employee directors. The RSUs vest ratably over one to four years of continued employment. The fair value of a RSU at the grant date is equal to the market price of Common Stock on the grant date. Compensation expense for RSUs is recorded based on amortization of the grant date fair market value over the period the restrictions lapse. As of July 2, 2023, there was $8,849 of unrecognized compensation cost related to unvested RSUs that is expected to be recognized over a remaining weighted average period of 2.5 years. The weighted average grant date fair value for RSUs was $2.75 and $11.46 for the 26-week periods ended July 2, 2023 and July 3, 2022, respectively. The fair value of RSUs vested and converted to shares of Common Stock was $303 for the 26-week period ended July 2, 2023.

The following table summarizes RSU activity for the 26-week period ended July 2, 2023:

	Unvested Restricted Stock Units
				Weighted
	Number of			Average Grant
	RSUs			Date Fair Value
December 31, 2022		1,108,330		$	9.43
Granted		2,437,743			2.75
Vested		(126,197	)		10.56
Forfeited		(189,640	)		12.13
July 2, 2023		3,230,236		$	3.42

Performance Stock Units

The Compensation Committee has awarded PSUs to select employees. The PSUs represent shares of Common Stock that are potentially issuable in the future based on a combination of performance and service requirements. On March 8, 2023, the Company granted 949,412 PSUs under the 2021 Plan to key employees with a grant date fair value of $1.98. The PSUs granted to employees were based on salary and include annual net sales and adjusted EBITDA growth targets with threshold and stretch goals. The awards vest ratably over three years, subject to the employee’s continuous employment through the vesting date and the level of performance achieved. The number of PSUs granted reflects the target number able to be earned under a given award. Non-vested PSU compensation expense is based on the most recent performance assumption available and is adjusted as assumptions change. The fair value of a PSU at the grant date is equal to the market price of Common Stock on the grant date. The cost estimates for PSU grants represent initial target awards until the Company can reasonably forecast the financial performance of each PSU award grant. The actual number of shares of Common Stock to be issued at the end of each performance period will range from 0% to 150% of the initial target awards.

On June 6, 2023, the Company granted 1,520,000 PSUs to its new President and Chief Executive Officer as an employment inducement award, which are potentially issuable in the future based on a combination of achievement of certain stock price metrics and service requirements through the expiration date of December 31, 2030. The fair value of this award is determined using a Monte Carlo simulation as of the date of the grant and share-based compensation expense will not be adjusted should the target awards vary from actual awards. The Company's estimates of fair value may be impacted by certain variables including, but not limited to, stock price volatility, the risk-free interest rate, expected dividend yields, and the Company's performance.

As of July 2, 2023, there was $4,397 of unrecognized compensation cost related to unvested PSUs that is expected to be recognized over a remaining weighted average period of 2.35 years.

Stock Options

Stock option grants have an exercise price at least equal to the market value of the underlying Common Stock on the date of grant, have ten-year terms, and vest ratably over three years of continued employment. In general, vested options expire if not exercised within 90 days of termination of service. Compensation expense for stock options is recorded based on straight-line amortization of the grant date fair value over the requisite service period. As of July 2, 2023, there was $1,611 of unrecognized compensation cost related to unvested stock options that is expected to be recognized over a remaining weighted-average period of 1.3 years.

The following table summarizes stock option activity for the 26-week period ended July 2, 2023:

						Weighted Average
				Weighted		Remaining
	Number of			Average		Contractual
	Stock Options			Exercise Price		Term (years)
Options outstanding on December 31, 2022		1,709,690		$	10.97
Forfeited		(592,588	)		11.11
Expired		(194,874	)		10.50
Options outstanding on July 2, 2023		922,228		$	10.98		8.26
Options exercisable on, July 2, 2023		307,401		$	10.98		8.26

Profit Interest Units

The Holley Stockholder authorized an incentive pool of 41,400,000 units of Holley Stockholder that its management had the right to grant to certain employees of the Company. The units, which are designated as Profit Interest Units (“PIUs”), are a special type of limited liability company equity unit that allows the recipient to potentially participate in a future increase in the value of the Company. The PIUs were issued for no consideration and generally provided for vesting over a requisite service period, subject to the recipient remaining an employee of the Company through each vesting date.

In the fourth quarter of 2022, the Holley Stockholder amended the vesting criteria to allow for immediate vesting of all outstanding and unvested PIUs. The changes to these awards were deemed to be modification events under ASC Subtopic 718-10, Stock Compensation. Accordingly, during the fourth quarter of 2022, the Company recognized catch-up equity-based compensation expense, including incremental fair value resulting from the modification, as applicable to each award grant. At that time all PIUs were fully vested with no remaining unrecognized compensation cost, and there are no remaining PIUs authorized for issuance.

Note 13 - Earnings Per Share (Tables)

6 Months Ended

Jul. 02, 2023

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	For the thirteen weeks ended				For the twenty-six weeks ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Numerator:
Net income	$	12,979	$	40,563	$	17,226	$	57,421
Less: fair value adjustment for Warrants		—		—		—		(20,941	)
Net income (loss) - diluted	$	12,979	$	40,563	$	17,226	$	36,480
Denominator:
Weighted average common shares outstanding - basic		117,221,419		116,931,623		117,187,287		116,398,177
Dilutive effect of potential common shares from RSUs		647,503		182,930		369,370		177,642
Dilutive effect of potential common shares from Warrants		—		—		—		768,156
Weighted average common shares outstanding - diluted		117,868,922		117,114,553		117,556,657		117,343,975
Earnings per share:
Basic	$	0.11	$	0.35	$	0.15	$	0.49
Diluted	$	0.11	$	0.35	$	0.15	$	0.31

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

	For the thirteen weeks ended				For the twenty-six weeks ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Anti-dilutive shares excluded from calculation of diluted EPS:
Warrants		14,633,311		14,633,311		14,633,311		—
Stock options		922,228		1,960,708		922,228		1,960,708
Restricted stock units		1,224,507		220,051		1,224,507		220,051
Performance stock units		2,469,412		—		2,469,412		—
Unvested Earn-out Shares		1,093,750		1,093,750		1,093,750		1,093,750
Total anti-dilutive shares		20,343,208		17,907,820		20,343,208		3,274,509

Note 13 - Earnings Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share (in shares)	20,343,208	17,907,820	20,343,208	3,274,509
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share (in shares)	14,633,311	14,633,311	14,633,311	0
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share (in shares)	922,228	1,960,708	922,228	1,960,708
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share (in shares)	1,224,507	220,051	1,224,507	220,051
Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share (in shares)	2,469,412	0	2,469,412	0
Earn Out Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share (in shares)	1,093,750	1,093,750	1,093,750	1,093,750

Note 13 - Earnings Per Share

6 Months Ended

Jul. 02, 2023

Earnings Per Share [Text Block]

13.

EARNINGS PER SHARE

The following table sets forth the calculation of basic and diluted earnings per share:

	For the thirteen weeks ended				For the twenty-six weeks ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Numerator:
Net income	$	12,979	$	40,563	$	17,226	$	57,421
Less: fair value adjustment for Warrants		—		—		—		(20,941	)
Net income (loss) - diluted	$	12,979	$	40,563	$	17,226	$	36,480
Denominator:
Weighted average common shares outstanding - basic		117,221,419		116,931,623		117,187,287		116,398,177
Dilutive effect of potential common shares from RSUs		647,503		182,930		369,370		177,642
Dilutive effect of potential common shares from Warrants		—		—		—		768,156
Weighted average common shares outstanding - diluted		117,868,922		117,114,553		117,556,657		117,343,975
Earnings per share:
Basic	$	0.11	$	0.35	$	0.15	$	0.49
Diluted	$	0.11	$	0.35	$	0.15	$	0.31

The following outstanding shares of Common Stock equivalents were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive. Warrants to purchase shares of Common Stock having an exercise price greater than the average share market price are excluded from the calculation of diluted earnings per share.

	For the thirteen weeks ended				For the twenty-six weeks ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Anti-dilutive shares excluded from calculation of diluted EPS:
Warrants		14,633,311		14,633,311		14,633,311		—
Stock options		922,228		1,960,708		922,228		1,960,708
Restricted stock units		1,224,507		220,051		1,224,507		220,051
Performance stock units		2,469,412		—		2,469,412		—
Unvested Earn-out Shares		1,093,750		1,093,750		1,093,750		1,093,750
Total anti-dilutive shares		20,343,208		17,907,820		20,343,208		3,274,509

Note 2 - Acquisitions (Tables)

6 Months Ended

Jul. 02, 2023

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

				Measurement
	2022			Period			2022
	(as initially reported)			Adjustments			(as adjusted)
Accounts receivable	$	959		$	(397	)	$	562
Inventory		3,481			146			3,627
Property, plant and equipment		275			—			275
Other assets		1,132			(1,108	)		24
Tradenames		1,689			—			1,689
Customer relationships		1,512			—			1,512
Goodwill		5,858			1,494			7,352
Accounts payable		(25	)		(133	)		(158	)
Accrued liabilities		(18	)		(2	)		(20	)
	$	14,863		$	—		$	14,863

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2021	115,805,639
Balance at Dec. 31, 2021	$ 12	$ 329,705	$ (256)	$ (24,974)	$ 304,487
Net income (loss)	0	0	0	16,858	16,858
Equity compensation	0	3,162	0	0	3,162
Foreign currency translation adjustment	$ 0	0	241	0	241
Issuance of vested Earn-out Shares (in shares)	1,093,750
Issuance of vested Earn-out Shares	$ 0	14,689	0	0	14,689
Balance (in shares) at Apr. 03, 2022	116,899,389
Balance at Apr. 03, 2022	$ 12	347,556	(15)	(8,116)	339,437
Balance (in shares) at Dec. 31, 2021	115,805,639
Balance at Dec. 31, 2021	$ 12	329,705	(256)	(24,974)	304,487
Net income (loss)					57,421
Foreign currency translation adjustment					742
Balance (in shares) at Jul. 03, 2022	116,932,722
Balance at Jul. 03, 2022	$ 12	351,422	486	32,447	384,367
Balance (in shares) at Apr. 03, 2022	116,899,389
Balance at Apr. 03, 2022	$ 12	347,556	(15)	(8,116)	339,437
Net income (loss)	0	0	0	40,563	40,563
Equity compensation	0	3,483	0	0	3,483
Foreign currency translation adjustment	$ 0	0	501	0	501
Warrants exercised (in shares)	33,333
Warrants exercised	$ 0	383	0	0	383
Balance (in shares) at Jul. 03, 2022	116,932,722
Balance at Jul. 03, 2022	$ 12	351,422	486	32,447	384,367
Balance (in shares) at Dec. 31, 2022	117,147,997
Balance at Dec. 31, 2022	$ 12	368,122	(944)	48,800	415,990
Net income (loss)	0	0	0	4,247	4,247
Equity compensation	0	394	0	0	394
Foreign currency translation adjustment	0	0	(199)	0	(199)
Tax withholding related to vesting of restricted stock units	$ 0	(34)	0	0	(34)
Issuance of shares for restricted stock units (in shares)	24,219
Issuance of shares for restricted stock units	$ 0	0	0	0	0
Balance (in shares) at Apr. 02, 2023	117,172,216
Balance at Apr. 02, 2023	$ 12	368,482	(1,143)	53,047	420,398
Balance (in shares) at Dec. 31, 2022	117,147,997
Balance at Dec. 31, 2022	$ 12	368,122	(944)	48,800	415,990
Net income (loss)					17,226
Foreign currency translation adjustment					73
Balance (in shares) at Jul. 02, 2023	117,249,854
Balance at Jul. 02, 2023	$ 12	370,249	(871)	66,026	435,416
Balance (in shares) at Apr. 02, 2023	117,172,216
Balance at Apr. 02, 2023	$ 12	368,482	(1,143)	53,047	420,398
Net income (loss)	0	0	0	12,979	12,979
Equity compensation	0	1,806	0	0	1,806
Foreign currency translation adjustment	0	0	272	0	272
Tax withholding related to vesting of restricted stock units	$ 0	(39)	0	0	(39)
Issuance of shares for restricted stock units (in shares)	77,638
Issuance of shares for restricted stock units	$ 0	0	0	0	0
Balance (in shares) at Jul. 02, 2023	117,249,854
Balance at Jul. 02, 2023	$ 12	$ 370,249	$ (871)	$ 66,026	$ 435,416

Note 15 - Equity-based Compensation Plans - Schedule of Components of Equity-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2023	Jul. 03, 2022	Jul. 02, 2023	Jul. 03, 2022
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Expense	$ 1,167	$ 1,350	$ 1,815	$ 2,533
Performance Shares [Member]
Share-Based Payment Arrangement, Expense	322	0	374	0
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Expense	317	652	11	1,205
Profit Interest Units [Member]
Share-Based Payment Arrangement, Expense	$ 0	$ 1,481	$ 0	$ 2,907

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Jul. 02, 2023
Accounting Policies [Abstract]
Emerging Growth Company [Policy Text Block]	Emerging Growth Company Status Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company is an emerging growth company, and, as such, has elected to take advantage of the benefits of the extended transition period for new or revised financial accounting standards.
Risks And Uncertainties [Policy Text Block]	Risks and Uncertainties The Company's business and results of operations, financial condition, and liquidity are impacted by broad economic conditions including inflation, labor shortages, and disruption of the supply chain, as well as by geopolitical events, specifically the conflict in Ukraine. The Company's operations have been adversely impacted by inflationary pressures primarily related to transportation, labor and component costs. Sales growth in certain products has been constrained by continuing supply chain challenges and automotive electronic component shortages. In response to the global supply chain volatility and inflationary impacts, the Company has attempted to minimize potential adverse impacts on its business with cost savings initiatives, price increases to customers, and by increasing inventory levels of certain products and working closely with its suppliers and customers to minimize disruptions in delivering products to customers. Our profitability has been, and may continue to be, adversely affected by constrained consumer demand, a shift in sales to lower-margin products, and demands on our performance that increase our costs. Should the ongoing macroeconomic conditions not improve, or worsen, or if the Company's attempt to mitigate the impact on its supply chain, operations and costs is not successful, the Company’s business, results of operations and financial condition may be adversely affected.
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP" or “GAAP”) and applicable rules and regulations of the SEC regarding interim financial reporting. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements and notes thereto for the year ended December 31, 2022, as filed with the SEC on March 15, 2023, in the Company’s annual report on Form 10-K. In management’s opinion, the unaudited interim condensed consolidated financial statements reflect all adjustments, which are of a normal and recurring nature, that are necessary for a fair presentation of financial results for the interim periods presented. Operating results for any quarter are not necessarily indicative of the results for the full fiscal year. The Company operates on a fiscal year that ends on December 31, 2023 and 2022. The three- and six-month periods ended July 2, 2023 and July 3, 2022 each included 13 weeks and 26 weeks, respectively.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation These unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany transactions and accounts have been eliminated in consolidation.
Share-Based Payment Arrangement [Policy Text Block]	Equity-Based Compensation The Company accounts for equity-based awards granted to employees and nonemployees under the fair value method prescribed by Accounting Standards Codification ("ASC") Subtopic 718-10, Stock Compensation. Equity-based compensation cost is measured based on the estimated grant date fair value of the award and is recognized as expense over the requisite service period (generally the vesting period). The fair value of stock options is estimated using the Black Scholes option-pricing model. Restricted stock units are valued at the stock price on the grant date. The fair value of profit interest units ("PIUs") granted by Holley Parent Holdings, LLC (the "Holley Stockholder") is estimated based on the Company’s estimated equity value for each unit class at the time of granting using the Black-Scholes option-pricing model, discounted to reflect market considerations for illiquidity. Performance share units that vest based on the achievement of company-designated performance targets are valued at the stock price on the grant date. Compensation expense in respect of such performance share units is recognized each period based on the expected level of achievement and, to the extent that the expected levels of achievement change, compensation cost is adjusted in the period of change with the remaining unrecognized cost recognized over the remaining requisite service period. For performance share units that vest based on the achievement of predetermined market conditions, the Company estimates the grant date fair value using a Monte Carlo simulation model. The fair value associated with each tranche of the award is recognized, straight-line, over the associated requisite service period for that tranche, subject to acceleration if the market condition is met prior to the end of the derived service period. Unless the awards contain a market condition, previously recognized expense related to forfeited awards is reversed in the period in which the forfeiture occurs. For awards containing a market condition, previously recognized stock-based compensation expense is not reversed when the awards are forfeited as long as the service is provided for the duration of the required service period.
Derivatives, Reporting of Derivative Activity [Policy Text Block]	Derivative Financial Instruments The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, Derivatives and Hedging. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. Derivative liabilities are classified on the balance sheet as current or non-current based on whether or not net cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date. The Company uses derivative instruments to manage its exposure to changes in interest rates on borrowings under its debt facility. These derivative instruments are primarily valued on the basis of quotes obtained from banks, brokers, and/or dealers. The valuation of the derivative instruments considers future expected interest rates on the notional principal balance remaining, which is comparable to what a prospective acquirer would pay on the measurement date. Valuation pricing models consider inputs such as forward rates, anticipated interest rate volatility relating to the reference rate, as well as time value, counterparty risk and other factors underlying derivative instruments.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements *Accounting Standards Recently Adopted* In October 2021, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. This ASU requires entities to apply the definition of a performance obligation under ASC Topic 606, Revenue from Contracts with Customers, to recognize and measure contract assets and contract liabilities (i.e., deferred revenue) relating to contracts with customers that are acquired in a business combination. Prior to the adoption of ASU 2021-08, an acquirer generally recognized assets acquired, and liabilities assumed in a business combination, including contract assets and contract liabilities arising from revenue contracts with customers, at fair value on the acquisition date. ASU No. 2021-08 results in the acquirer recording acquired contract assets and liabilities on the same basis that would have been recorded by the acquiree before the acquisition under ASC Topic 606. The Company adopted ASU 2021-08 on January 1, 2023. Adoption of ASU 2021-08 did not impact the Company's consolidated financial statements.

Disclosure of accounting policy for award under share-based payment arrangement. Includes, but is not limited to, methodology and assumption used in measuring cost.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.C.Q3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479830/718-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.D.1.Q5)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479830/718-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.D.3.Q2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479830/718-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.D.2.Q6)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479830/718-10-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//718/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Note 16 - Lease Commitments - Schedule of Operating Lease Assets and Obligations (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
Right-of-use assets	$ 28,965	$ 29,522
Current operating lease liabilities - Accrued liabilities	5,112	5,112
Long-term operating lease liabilities	24,589	24,992
Total lease liabilities	$ 29,701	$ 30,104
Weighted average remaining lease term (in years) (Year)	7 years 7 months 6 days	7 years 10 months 24 days
Weighted average discount rate	5.91%	5.77%

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jul. 02, 2023	Aug. 04, 2023
Document Information [Line Items]
Entity Central Index Key	0001822928
Entity Registrant Name	Holley Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 02, 2023
Document Transition Report	false
Entity File Number	001-39599
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-1727560
Entity Address, Address Line One	1801 Russellville Road
Entity Address, City or Town	Bowling Green
Entity Address, State or Province	KY
Entity Address, Postal Zip Code	42101
City Area Code	270
Local Phone Number	782-2900
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		118,343,604
Warrant [Member]
Document Information [Line Items]
Title of 12(b) Security	Warrants to purchase common stock
Trading Symbol	HLLY WS
Security Exchange Name	NYSE
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.0001
Trading Symbol	HLLY
Security Exchange Name	NYSE

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss, Current	$ 2,092	$ 1,550
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized (in shares)	5,000,000	5,000,000
Preferred Stock, Shares Issued (in shares)	0	0
Preferred Stock, Shares Outstanding (in shares)	0	0
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized (in shares)	550,000,000	550,000,000
Common Stock, Shares, Issued (in shares)	117,249,854	117,147,997
Common Stock, Shares, Outstanding (in shares)	117,249,854	117,147,997

Note 11 - Revenue (Tables)

6 Months Ended

Jul. 02, 2023

Revenue from External Customers by Products and Services [Table Text Block]

	For the thirteen weeks ended				For the twenty-six weeks ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Electronic systems	$	74,401	$	71,060	$	143,152	$	157,206
Mechanical systems		40,920		44,206		84,238		90,048
Exhaust		17,384		18,037		33,213		37,369
Accessories		26,382		28,353		53,847		57,099
Safety		16,175		17,764		33,017		37,753
Net sales	$	175,262	$	179,420	$	347,467	$	379,475

Revenue from External Customers by Geographic Areas [Table Text Block]

	For the thirteen weeks ended				For the twenty-six weeks ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
United States	$	170,817	$	173,514	$	337,235	$	369,573
Italy		4,445		5,906		10,232		9,902
Net sales	$	175,262	$	179,420	$	347,467	$	379,475

Note 17 - Acquisition, Restructuring and Management Fee Costs - Summary of Total Acquisitions, Restructuring, and Management Fee Costs (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 02, 2023

Jul. 03, 2022

Jul. 02, 2023

Jul. 03, 2022

Acquisitions (1)

^[1]

$ 0

$ 1,372

$ 0

$ 1,621

Restructuring (2)

^[2]

352

319

1,691

360

Total acquisition, restructuring and management fees

$ 352

$ 1,691

$ 1,981

[1]	Includes professional fees for legal, accounting, consulting, administrative, and other professional services directly attributable to potential acquisitions.
[2]	Includes costs incurred as part of the restructuring of operations including professional and consulting services.

Note 5 - Goodwill and Other Intangible Assets - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets, Gross	$ 310,401	$ 310,401
Finite-Lived Intangible Assets, Accumulated Amortization	(67,897)	(60,544)
Finite-Lived Intangible Assets, Net	242,504	249,857
Trade Names 1 [Member]
Tradenames	175,109	174,998
Customer Relationships [Member]
Finite-Lived Intangible Assets, Gross	269,950	269,950
Finite-Lived Intangible Assets, Accumulated Amortization	(49,949)	(44,178)
Finite-Lived Intangible Assets, Net	220,001	225,772
Trade Names [Member]
Finite-Lived Intangible Assets, Gross	13,775	13,775
Finite-Lived Intangible Assets, Accumulated Amortization	(5,206)	(4,843)
Finite-Lived Intangible Assets, Net	8,569	8,932
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets, Gross	26,676	26,676
Finite-Lived Intangible Assets, Accumulated Amortization	(12,742)	(11,523)
Finite-Lived Intangible Assets, Net	$ 13,934	$ 15,153

Note 7 - Debt - Future Maturities of Long-term Debt and Amortization of Debt Issuance Cost (Details) - USD ($) $ in Thousands	Jul. 02, 2023	Dec. 31, 2022
2023 (excluding the thirteen weeks ended April 2, 2023), future maturities	$ 3,793
2023 (excluding the thirteen weeks ended April 2, 2023), debt issuance costs amortization	907
2024, future maturities	7,447
2024, debt issuance costs amortization	1,942
2025, future maturities	7,642
2025, debt issuance costs amortization	2,096
2026, future maturities	6,571
2026, debt issuance costs amortization	2,265
2027, future maturities	6,571
2027, debt issuance costs amortization	2,450
Thereafter, future maturities	616,065
Thereafter, debt issuance costs amortization	2,423
Future maturities	648,089
Debt issuance costs amortization	$ 12,083	$ 11,557

Note 11 - Revenue

6 Months Ended

Jul. 02, 2023

Revenue from Contract with Customer [Text Block]

11.

REVENUE

The principal activity from which the Company generates its revenue is the manufacturing and distribution of after-market automotive parts for its customers, comprised of resellers and end users. The Company recognizes revenue at a point in time, rather than over time, as the performance obligation is satisfied when customer obtains control of the product upon title transfer and not as the product is manufactured or developed. The amount of revenue recognized is based on the purchase order price and adjusted for revenue allocated to variable consideration (i.e., estimated rebates, co-op advertising, etc.).

The Company collects sales tax and other taxes concurrent with revenue-producing activities which are excluded from revenue. Shipping and handling costs incurred after control of the product is transferred to our customers are treated as fulfillment costs and not a separate performance obligation.

The Company allows customers to return products when certain Company-established criteria are met. These sales returns are recorded as a charge against gross sales in the period in which the related sales are recognized, net of returns to stock. Returned products, which are recorded as inventories, are valued at the lower of cost or net realizable value. The physical condition and marketability of the returned products are the major factors considered in estimating realizable value. The Company also estimates expected sales returns and records the necessary adjustment as a charge against gross sales.

The Company’s payment terms with customers are customary and vary by customer and geography but typically range from 30 to 365 days. The Company elected the practical expedient to disregard the possible existence of a significant financing component related to payment on contracts, as the Company expects that customers will pay for the products within one year. The Company has evaluated the terms of our arrangements and determined that they do not contain significant financing components. Additionally, as all contracts with customers have an expected duration of one year or less, the Company has elected the practical expedient to exclude disclosure of information regarding the aggregate amount and future timing of performance obligations that are unsatisfied or partially satisfied as of the end of the reporting period. The Company provides limited warranties on most of its products against certain manufacturing and other defects. Provisions for estimated expenses related to product warranty are made at the time products are sold. Refer to Note 18, “Commitments and Contingencies” for more information.

The following table summarizes total revenue by product category.

	For the thirteen weeks ended				For the twenty-six weeks ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Electronic systems	$	74,401	$	71,060	$	143,152	$	157,206
Mechanical systems		40,920		44,206		84,238		90,048
Exhaust		17,384		18,037		33,213		37,369
Accessories		26,382		28,353		53,847		57,099
Safety		16,175		17,764		33,017		37,753
Net sales	$	175,262	$	179,420	$	347,467	$	379,475

The following table summarizes total revenue based on geographic location from which the product is shipped:

	For the thirteen weeks ended				For the twenty-six weeks ended
	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
United States	$	170,817	$	173,514	$	337,235	$	369,573
Italy		4,445		5,906		10,232		9,902
Net sales	$	175,262	$	179,420	$	347,467	$	379,475

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent