Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment results are as follows:

	For the Year Ended
(in thousands)	December 31, 2023		December 31, 2022		December 25, 2021
Net Sales:
Light Duty	$	1,462,474	$	1,425,892	$	1,247,465
Heavy Duty	256,913		258,215		97,784
Specialty Vehicle	210,401		49,642		—
Total	$	1,929,788	$	1,733,749	$	1,345,249
Income from operations:
Light Duty	187,159		169,579		182,020
Heavy Duty	14,505		29,738		10,942
Specialty Vehicle	31,618		8,537		—
Total	$	233,282	$	207,854	$	192,962
Depreciation:
Light Duty	$	25,239	$	25,062	$	25,296
Heavy Duty	3,239		2,772		1,034
Specialty Vehicle	3,420		798		—
Total	$	31,898	$	28,632	$	26,330
Capital Expenditures:
Light Duty	$	33,445	$	31,682	$	19,016
Heavy Duty	3,581		4,769		824
Specialty Vehicle	6,942		1,432		—
Total	$	43,968	$	37,883	$	19,840
Segment Assets:
Light Duty	$	1,083,347	$	1,047,987	$	988,371
Heavy Duty	162,583		177,557		131,245
Specialty Vehicle	78,424		106,219		—
Total	$	1,324,354	$	1,331,763	$	1,119,616

Reconciliation of Operating Income from Segments to Consolidated

A reconciliation of segment adjusted operating income to consolidated income before taxes is as follows:

	For the Year Ended
(in thousands)	December 31, 2023		December 31, 2022		December 25, 2021
Segment income from operations	$	233,282	$	207,854	$	192,962
Acquisition-related intangible assets amortization	(21,817)		(14,070)		(6,340)
Acquisition-related transaction and other costs	(15,373)		(22,736)		(15,071)
Fair value adjustment to contingent consideration	20,469		—		—
Executive transition services expenses	(1,801)		—		—
Interest expense, net	(48,061)		(15,582)		(2,162)
Other income, net	1,804		735		377
Consolidated income before income taxes	$	168,503	$	156,201	$	169,766

Reconciliation of Assets from Segment to Consolidated

A reconciliation of segment assets to consolidated assets is as follows:

	For the Year Ended
(in thousands)	December 31, 2023		December 31, 2022		December 25, 2021
Segment assets	$	1,324,354	$	1,331,763	$	1,119,616
Other current assets	69,468		85,834		71,830
Other non-current assets	898,585		924,189		481,673
Consolidated assets	$	2,292,407	$	2,341,786	$	1,673,119