Fox Factory Holding (FOXF) 10-Q 4 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 01, 2016	Apr. 29, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 1, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	FOXF
Entity Registrant Name	Fox Factory Holding Corp
Entity Central Index Key	1,424,929
Current Fiscal Year End Date	--12-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 9,264	$ 6,944
Accounts receivable (net of allowances of $483 and $407 at April 1, 2016 and December 31, 2015, respectively)	33,874	43,660
Inventory	74,988	68,202
Prepaids and other current assets	14,586	13,135
Total current assets	132,712	131,941
Property, plant and equipment, net	29,319	26,094
Deferred tax assets	2,545	1,065
Goodwill	57,678	57,653
Intangibles, net	60,146	60,849
Other assets	0	114
Total assets	282,400	277,716
Current liabilities:
Accounts payable	40,449	32,072
Accrued expenses	12,801	23,234
Reserve for uncertain tax positions	8,528	8,924
Current portion of long-term debt	3,142	2,790
Current portion of contingent consideration	6,889	6,950
Total current liabilities	71,809	73,970
Line of credit	11,500	1,500
Long-term debt, less current portion	42,580	43,591
Deferred rent	686	695
Contingent consideration, less current portion	6,000	5,700
Total liabilities	$ 132,575	$ 125,456
Commitments and contingencies (Note 7)
Stockholders’ equity
Preferred stock, $0.001 par value — 10,000 authorized and no shares issued or outstanding as of April 1, 2016 and December 31, 2015	$ 0	$ 0
Common stock, $0.001 par value — 90,000 authorized; 37422 shares issued and 36532 outstanding as of April 1, 2016; 37415 shares issued and 37025 outstanding as of December 31, 2015	37	37
Additional paid-in capital	104,276	102,860
Treasury stock, at cost; 890 common shares as of April 1, 2016 and 390 common shares as of December 31, 2015	(13,754)	(5,807)
Accumulated other comprehensive loss	(1,119)	(1,953)
Retained earnings	60,385	57,123
Total stockholders’ equity	149,825	152,260
Total liabilities and stockholders’ equity	$ 282,400	$ 277,716

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 483	$ 407
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	37,422,000	37,415,000
Common stock, shares outstanding	36,532,000	37,025,000
Treasury Stock, Shares	890	390

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 31, 2015
Income Statement [Abstract]
Sales	$ 80,217	$ 67,788
Cost of sales	55,099	49,005
Gross profit	25,118	18,783
Operating expenses:
Sales and marketing	6,553	5,297
Research and development	4,392	3,402
General and administrative	5,921	4,641
Amortization of purchased intangibles	795	1,840
Fair value adjustment of contingent consideration and acquisition related compensation	1,763	2,064
Total operating expenses	19,424	17,244
Income from operations	5,694	1,539
Other expense, net:
Interest expense	383	330
Other expense (income), net	904	(15)
Other expense, net	1,287	315
Income before income taxes	4,407	1,224
Provision for income taxes	1,145	454
Net income	$ 3,262	$ 770
Earnings per share:
Basic (in dollars per share)	$ 0.09	$ 0.02
Diluted (in dollars per share)	$ 0.09	$ 0.02
Weighted average shares used to compute earnings per share:
Basic (in shares)	36,935	37,052
Diluted (in shares)	37,859	37,941

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 3,262	$ 770
Other comprehensive loss:
Foreign currency translation adjustments, net of tax effects	834	(66)
Other comprehensive loss	834	(66)
Comprehensive income	$ 4,096	$ 704

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 31, 2015
OPERATING ACTIVITIES:
Net income	$ 3,262	$ 770
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,027	2,867
Cost of goods on acquired inventory step up	53	1,084
Provision for doubtful accounts	70	12
Stock-based compensation	1,381	1,052
Excess tax benefit from exercise of stock options	0	(188)
(Gain) loss on disposal of property and equipment	0	(6)
Deferred taxes	(1,476)	(193)
Amortization of loan fees	49	49
Change in fair value of contingent consideration	239	52
Changes in operating assets and liabilities:
Accounts receivable	9,999	7,871
Inventory	(6,403)	(12,425)
Income taxes payable	(2,070)	(468)
Prepaids and other assets	(946)	(834)
Accounts payable	7,853	10,397
Accrued expenses	(8,832)	(434)
Deferred rent	(10)	(7)
Net cash provided by operating activities	5,196	9,599
INVESTING ACTIVITIES:
Acquisition of businesses	0	(765)
Purchases of property and equipment	(4,354)	(1,548)
Proceeds from sale of property and equipment	0	6
Net cash used in investing activities	(4,354)	(2,307)
FINANCING ACTIVITIES:
Proceeds from line of credit	16,000	6,000
Payments on line of credit	(6,000)	(6,000)
Repurchase of common stock	(7,948)	(3,733)
Repayment of debt	(709)	(709)
Proceeds from stock compensation, net	36	117
Excess tax benefit from exercise of stock options	0	188
Net cash provided by (used in) financing activities	1,379	(4,137)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	99	(163)
CHANGE IN CASH AND CASH EQUIVALENTS	2,320	2,992
CASH AND CASH EQUIVALENTS—Beginning of period	6,944	4,212
CASH AND CASH EQUIVALENTS—End of period	9,264	7,204
Cash paid during the period for:
Income taxes	4,300	1,085
Interest	$ 310	$ 275

Description of Business, Basis

Description of Business, Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Apr. 01, 2016
Accounting Policies [Abstract]
Description of Business, Basis of Presentation and Summary of Significant Accounting Policies	Description of the Business, Basis of Presentation and Summary of Significant Accounting Policies Fox Factory Holding Corp. (the "Company") designs and manufactures performance ride dynamics products primarily for bicycles, side-by-side vehicles, on-road and off-road vehicles and trucks, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles. The Company acts both as a tier one supplier to leading action sports original equipment manufacturers and provides aftermarket products to retailers and distributors. Throughout this Form 10-Q, unless stated otherwise or as the context otherwise requires, the "Company," "FOX," "Fox Factory," "we," "us," "our," and "ours" refer to Fox Factory Holding Corp. and its wholly owned operating subsidiaries on a consolidated basis. Change in Fiscal Year - For fiscal year 2016, the Company has changed from a calendar year ending on December 31 to a 52-53 week fiscal year ending on the Friday nearest to December 31, effective beginning with the first quarter of 2016. Therefore, the financial results of certain future fiscal years and quarters, which will contain 53 and 14 weeks, respectively, will not be exactly comparable to the prior and subsequent fiscal years and quarters, which contain 52 and 13 weeks, respectively. The adoption of a 52-53 week year was not deemed a change in fiscal year for purposes of reporting subject to Rule 13a-10 or 15d-10; hence, no transition reports are required. The Company has made the change in fiscal years on a prospective basis and thus will not revise the Company’s previously reported financial statements as of and for the year ended December 31, 2015 or any interim period therein. This change in fiscal year was identified as a best practice in connection with the Company’s previously disclosed global enterprise resource planning system, which the Company began implementing in May 2015. The Company believes this change will provide numerous benefits, including but not limited to, better alignment with manufacturing scheduling and improved comparability between periods. Basis of Presentation - The accompanying condensed consolidated financial statements are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted (“GAAP”) in the United States of America ("US") and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with 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 audited consolidated financial statements for the year ended December 31, 2015 included in the Company’s Annual Report on Form 10-K as filed with the SEC. In management’s opinion, the unaudited interim 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 the three months ended April 1, 2016 are not necessarily indicative of the results that may be expected for the year ending December 30, 2016 . Principles of Consolidation - These condensed consolidated financial statements include the Company and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Summary of Significant Accounting Policies - There have been no changes to our significant accounting policies described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015 that have had a material impact on our condensed consolidated financial statements and related notes. Use of Estimates - The preparation of the Company’s condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. These estimates are based on information available as of the date of the financial statements; therefore, actual results could differ from management’s estimates. Certain Significant Risks and Uncertainties - The Company is subject to those risks common in manufacturing-driven markets, including, but not limited to, competitive forces, dependence on key personnel, customer demand for its products, the successful protection of its proprietary technologies, compliance with government regulations, and the possibility of not being able to obtain additional financing when needed. Recent Accounting Pronouncements - In May 2014, the FASB and International Accounting Standards Board issued their converged standard on revenue recognition, Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers. This standard outlines a single comprehensive model for companies to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that revenue is recognized when a customer obtains control of a good or service. A customer obtains control when it has the ability to direct the use of and obtain the benefits from the good or service. Transfer of control is not the same as transfer of risks and rewards, as it is considered in current guidance. We will apply the new guidance to determine whether revenue should be recognized over time or at a point in time. This standard will be effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted after December 15, 2016. The Company can choose to apply this standard retrospectively for each prior reporting period presented or retrospectively with the cumulative effect of initially applying the standard recognized at the date of the initial application in retained earnings. The Company expects to complete its assessment of the impact of the new guidance on its consolidated financial statements in 2016. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 requires the presentation of debt issuance costs in the balance sheet as a reduction from the related debt liability rather than as an asset. Amortization of such costs will continue to be reported as interest expense. The Company adopted ASU 2015-03 effective January 1, 2016 on a retrospective basis. As a result, debt issuance costs of $781 have been reclassified from other assets to long-term debt in the December 31, 2015 condensed consolidated balance sheet. In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory. The guidance applies to inventory that is measured using first-in, first-out (“FIFO”) or average cost. Under the guidance, an entity should measure inventory that is within scope at the lower of cost and net realizable value, which is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The guidance is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years, with early adoption permitted as of the beginning of an interim or annual reporting period. The Company does not expect this guidance to have a significant impact on the consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases, which will supersede the existing guidance for lease accounting. This ASU will require lessees to recognize leases with durations greater than twelve months on the balance sheet. This guidance is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years, and early adoption is permitted. The Company is currently assessing the impact this guidance will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, which modifies the accounting for certain aspects of share-based payments to employees. The guidance requires the recognition of the income tax effects of awards in the income statement when the awards vest or are settled, thus eliminating additional paid in capital pools. The guidance also allows for the employer to repurchase more of an employee’s shares for tax withholding purposes without triggering liability accounting. The Company early adopted the guidance effective January 1, 2016. As provided in the guidance, the Company made a policy election to account for forfeitures as they occur rather than on an estimated basis. The policy election and amendments related to the timing of when excess tax benefits are recognized and their recognition in the income tax provision were applied utilizing the modified retrospective transition method. The impact of the forfeiture policy election on the results of operations and opening equity was immaterial. The Company elected to adopt the amendments related to the presentation of excess tax benefits on the statement of cash flows using a prospective transition method.

Inventory

Inventory	3 Months Ended
	Apr. 01, 2016
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory consisted of the following: As of April 1, As of 2016 2015 Raw materials $ 48,259 $ 43,468 Work-in-process 2,068 1,921 Finished goods 24,661 22,813 Total inventory $ 74,988 $ 68,202

Property and Equipment, net

Property and Equipment, net	3 Months Ended
	Apr. 01, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property, Plant and Equipment, net Property, plant and equipment consisted of the following: As of April 1, As of 2016 2015 Machinery and manufacturing equipment $ 24,403 $ 22,488 Information systems, office equipment and furniture 11,038 9,829 Transportation equipment 2,307 2,243 Building and land 4,358 3,469 Leasehold improvements 7,388 6,970 Total 49,494 44,999 Less: accumulated depreciation and amortization (20,175 ) (18,905 ) Property, plant and equipment, net $ 29,319 $ 26,094

Intangibles, net

Intangibles, net	3 Months Ended
	Apr. 01, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangibles, net	Intangibles, net Intangible assets, excluding goodwill, are comprised of the following: Gross carrying amount Accumulated amortization Net carrying amount Weighted average life (years) April 1, 2016: Customer relationships $ 39,021 $ (13,655 ) $ 25,366 13 Core technology 33,400 (32,599 ) 801 8 Other 1,335 (1,008 ) 327 4 Total $ 73,756 $ (47,262 ) 26,494 Trademarks and brands, not subject to amortization 33,652 Total $ 60,146 December 31, 2015: Customer relationships $ 39,004 $ (13,013 ) $ 25,991 13 Core technology 33,400 (32,559 ) 841 8 Other 1,335 (889 ) 446 4 Total $ 73,739 $ (46,461 ) 27,278 Trademarks and brands, not subject to amortization 33,571 Total $ 60,849 For the three months ended April 1, 2016 March 31, 2015 Amortization of intangibles $ 795 $ 1,840 Future amortization expense for finite-lived intangibles as of April 1, 2016 is as follows: For the fiscal years ending, Amortization Expense 2016 (remaining nine months) $ 2,198 2017 2,801 2018 2,776 2019 2,715 2020 2,015 Thereafter 13,989 Total expected future amortization $ 26,494 Goodwill activity consisted of the following: Balance as of December 31, 2015 $ 57,653 Currency translation and other adjustments 25 Balance as of April 1, 2016 $ 57,678

Accrued Expenses

Accrued Expenses	3 Months Ended
	Apr. 01, 2016
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consisted of the following: As of April 1, As of 2016 2015 Payroll and related expenses $ 4,262 $ 8,143 Management earn-out 2,162 7,242 Warranty 3,868 3,914 Income tax payable 333 1,949 Other accrued expenses 2,176 1,986 Total $ 12,801 $ 23,234 Activity related to warranties is as follows: For the three months ended April 1, 2016 March 31, 2015 Beginning warranty liability $ 3,914 $ 4,215 Charge to cost of sales 858 830 Costs incurred (904 ) (875 ) Ending warranty liability $ 3,868 $ 4,170

Debt

Debt	3 Months Ended
	Apr. 01, 2016
Debt Disclosure [Abstract]
Debt	Debt Amended and Restated 2013 Credit Facility In August 2013, the Company entered into a credit facility with Sun Trust Bank and other named lenders which has been periodically amended and restated (the “Amended and Restated 2013 Credit Facility”). The 2013 Amended and Restated Credit Facility, which matures on December 12, 2019, provides a revolving line of credit and a maturing secured term loan with initial draws totaling $80,000 , which were funded as a result of 2014 amendments. The term loan is subject to quarterly amortization payments. The Amended and Restated 2013 Credit Facility provides for interest at either a rate based on the London Interbank Offered Rate, or LIBOR, plus a margin ranging from 1.50% to 2.50% , or based on the prime rate offered by SunTrust Bank plus a margin ranging from 0.50% to 1.50% . At April 1, 2016 , the one month LIBOR and prime rates were 0.44% and 3.50% , respectively. The Amended and Restated 2013 Credit Facility is secured by substantially all of the Company’s assets, restricts the Company's ability to make certain payments and engage in certain transactions, and also requires that the Company satisfy customary financial ratios. The Company was in compliance with the covenants as of April 1, 2016 . The following table summarizes the line of credit under the Amended and Restated 2013 Credit Facility: As of April 1, 2016 Amount outstanding $ 11,500 Available borrowing capacity $ 48,500 Maximum borrowing capacity $ 60,000 Interest rate at April 1, 2016 3.52 % Maturity date December 12, 2019 As of April 1, 2016 , future principal payments for long-term debt, including the current portion, are summarized as follows: Fiscal Year 2016 (remaining nine months) $ 2,128 2017 4,256 2018 4,256 2019 35,813 Total 46,453 Debt issuance cost (731 ) Long-term debt, net of issuance cost 45,722 Less: current portion (3,142 ) Long-term debt less current portion $ 42,580

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 01, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Operating Leases - The Company has operating lease agreements for administrative, research and development, manufacturing and sales and marketing facilities and equipment that expire at various dates. The Company recognizes rent expense on a straight-line basis over the lease term and records the difference between cash rent payments and the recognition of rent expense as a deferred rent liability. See Note 13 - Related Party Transactions for additional information on related party operating leases. Indemnification Agreements - In the ordinary course of business, the Company may provide indemnifications of varying scope and terms to customers, vendors, lessors, business partners, and other parties with respect to certain matters, including, but not limited to, losses arising out of breach of such agreements, services to be provided by the Company or intellectual property infringement claims made by third parties. In addition, the Company has entered into indemnification agreements with directors and certain officers and employees that will require the Company, among other things, to indemnify them against certain liabilities that may arise by reason of their status or service as directors, officers or employees. While the outcome of these matters cannot be predicted with certainty, the Company does not believe that the outcome of any claims under indemnification arrangements will have a material effect on the Company’s results of operations, financial position or liquidity. Legal Proceedings - The Company is currently involved in legal matters that arise in the normal course of business. Based on information currently available, management does not believe that the ultimate resolution of these matters will have a material adverse effect on the Company's financial condition, results of operations and cash flows. Were an unfavorable ruling to occur, or if factors indicate that a loss is probable and reasonably estimable, there exists the possibility of a material adverse impact on the results of operations in the future. Other Commitments - As of April 1, 2016, in connection with the acquisition of businesses, the Company is committed to pay up to $26,198 in additional consideration and acquisition related compensation through 2017, contingent upon the achievement of certain financial performance goals and in some cases continued employment through 2016. A portion of the obligation is denominated in Canadian dollars. See Note 9 - Fair Value Measurements . No other material contractual obligation has changed since the Company's Annual Report on Form 10-K for the year ended December 31, 2015 , as filed with the SEC on February 29, 2016 .

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Apr. 01, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stockholders' Equity	Stockholders' Equity Share Repurchase Program and Secondary Offering On February 25, 2016, the Company's Board of Directors authorized the Company's 2016 stock repurchase program (the "2016 Repurchase Program"), permitting repurchases of up to an aggregate of $40,000 in shares of our common stock. The plan expires on December 31, 2017, unless extended by the Company's Board of Directors. Shares of common stock repurchased under this program are accounted for as treasury stock under the cost method. On March 11, 2016, the Company entered into an agreement ("the Underwriting Agreement") with Jefferies LLC (the "Underwriter"), Compass Group Diversified Holdings LLC and Robert C. Fox, a founder and minority stockholder of the Company ("Compass", together with Mr. Fox, the "Selling Stockholders"). Pursuant to the Underwriting Agreement, Compass sold 2,500 shares of the Company's common stock, $0.001 par value per share, held by Compass to the Underwriter at a price of $15.895 per share, and Mr. Fox granted the Underwriter an over-allotment option to purchase up to 375 shares of the Company's common stock owned by Mr. Fox at a price of $15.895 per share. The over-allotment option to purchase shares from Mr. Fox expired in April 2016. The offering and sale of the common stock by the Selling Stockholders was made pursuant to the Company's registration statement on Form S-3, and closed on March 16, 2016. Concurrently, pursuant to the 2016 Repurchase Program and a stock repurchase agreement between Compass and the Company, the Company repurchased 500 shares of its common stock held by Compass for a total of $7,948 . At April 1, 2016 , $32,052 remains available for repurchase under the 2016 Repurchase Program. The Company has repurchased 890 shares for a total of $13,754 under both the 2016 Repurchase Program and the prior repurchase program of the Company, which expired on December 31, 2015. Equity Incentive Plans The following table summarizes the allocation of stock-based compensation in the accompanying consolidated statements of income: For the three months ended April 1, 2016 March 31, 2015 Cost of sales $ 31 $ 11 Sales and marketing 126 82 Research and development 70 23 General and administrative 1,154 936 Total $ 1,381 $ 1,052 The following table summarizes the activity for the Company's unvested restricted stock units ("RSU") for the three months ended April 1, 2016 . Unvested RSUs Number of shares outstanding Weighted-average grant date fair value Unvested at December 31, 2015 773 $ 17.07 Granted 226 $ 14.41 Forfeited (3 ) $ 16.80 Unvested at April 1, 2016 996 $ 16.47 During the three months ended April 1, 2016 and March 31, 2015, there were no shares of common stock issued due to the vesting of RSUs. There were no RSUs granted or forfeited during the three months ended March 31, 2015. During the three months ended April 1, 2016 and March 31, 2015, 7 and 44 shares of common stock, respectively, were issued due to the exercise of stock options, resulting in proceeds to the Company of approximately $36 and $117, respectively. There were no stock options granted or forfeited during the three months ended April 1, 2016 and March 31, 2015. As of April 1, 2016 , the Company had approximately $12,700 of unrecognized stock-based compensation expense related to RSUs, which will be recognized over the remaining weighted-average vesting period of approximately 2.70 years. Additionally, as of April 1, 2016 , the Company had approximately $291 of unrecognized stock-based compensation expense related to stock options, which will be recognized over the remaining weighted-average vesting period of approximately 1.32 years.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 01, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The FASB's Accounting Standards Codification 820, "Fair Value Measurements and Disclosures" requires the valuation of assets and liabilities required or permitted to be either recorded or disclosed at fair value based on hierarchy of available inputs as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices for similar assets and liabilities in active markets, quoted prices for identical assets and liabilities in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e. supported by little or no market activity). As of April 1, 2016 , the carrying amount of the principal under the Company’s Amended and Restated 2013 Credit Facility approximates fair value because it has a variable interest rate that reflects market changes in interest rates and changes in the Company’s net leverage ratio. As of April 1, 2016 , the Company used Level 2 inputs to determine the fair value of its Amended and Restated 2013 Credit Facility. The Company measured its contingent consideration liability arising from a prior acquisition using Level 3 unobservable inputs. The contingent consideration liability is associated with the achievement of adjusted EBITDA targets, and is estimated at each balance sheet date by considering among other factors, the Company's most recent financial projection. The unobservable input to the valuation model that has the most significant effect on the estimated fair value of the Company's contingent consideration liability is the projected financial result for fiscal 2016. The change in fair value is recorded as a component of fair value adjustment of contingent consideration and acquisition related compensation in the accompanying condensed consolidated statements of income for the three months ended April 1, 2016 . The following table provides a reconciliation of the beginning and ending balances for the Company's contingent consideration liability measured at fair value using Level 3 inputs: Contingent consideration liability (level 3 measurement) Balance at December 31, 2015 $ 12,650 Change in fair value 239 Balance at April 1, 2016 $ 12,889

Income Taxes

Income Taxes	3 Months Ended
	Apr. 01, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended April 1, 2016 March 31, 2015 Provision for income taxes $ 1,145 $ 454 Effective tax rates 26.0 % 37.1 % Effective January 1, 2016, the Company sold its Taiwan branch operations and Fox Factory IP Holding Corp. to Fox Factory Switzerland GmbH (“Fox Switzerland”). The Company’s Taiwan operations were as a result, organized as a branch of Fox Switzerland. Fox Switzerland and its Taiwan branch own a portion and license the remainder of the Company’s non-US intangible property and generate earnings that are not subject to US income taxes so long as they are permanently invested outside the US. Under ASC 740-30, the Company is not required to accrue US income taxes on permanently reinvested unremitted earnings of Fox Switzerland. The Company considers the following matters, among others, in evaluating its plans for indefinite reinvestment: (i) the financial requirements of both the Company and its foreign operations, both for the long term and for the short term; (ii) the ability to manage cash globally through royalty remittances and intercompany loans created in the licensing and transfer of assets to Fox Switzerland; (iii) the tax consequences of any decision to reinvest the earnings of Fox Switzerland, including any changes in US tax law relating to the treatment of these unremitted earnings; and (iv) any US and foreign government programs or regulations relating to the repatriation of these unremitted earnings. If unremitted earnings are no longer permanently reinvested, the Company would need to make provision for deferred income taxes on these unremitted earnings, which could materially adversely affect its results of operations. For the three months ended April 1, 2016 , the difference between the Company's effective tax rate and the 35% federal statutory rate resulted primarily from lower foreign tax rates on permanently reinvested earnings of the Company's foreign subsidiaries, tax credits, and the domestic production activity benefit. These benefits were partially offset by state taxes. For the three months ended March 31, 2015 , the difference between the Company's effective tax rate and the 35% federal statutory rate resulted primarily from state taxes. The increase was partially offset by a benefit from the domestic production activity deduction. The Company's federal tax returns for 2012 forward are subject to examination by tax authorities. The Company’s 2011 and 2012 state tax returns are currently under examination by the California Franchise Tax Board, and 2009 and 2013 forward California tax returns are subject to future examination. As of April 1, 2016 , the Company had $8,528 of unrecognized tax benefits, of which approximately $7,694 , if recognized, would favorably impact the effective tax rate. The Company regularly engages in discussions and negotiations with tax authorities regarding tax matters in various jurisdictions. The Company believes it is reasonably possible that certain federal, foreign, and state tax matters may be concluded in the next 12 months. Specific positions that may be resolved include issues involving the deductibility of amortization and depreciation deductions which were incurred as a result of the acquisition of the Company in 2008 and the resolution of issues under examination in the audit of the Company's 2011 and 2012 California tax returns. The Company estimates that it is reasonably possible that the unrecognized tax benefits at April 1, 2016 could be reduced by approximately $1,848 in the next twelve months. The Company has obtained tax incentives in Switzerland that are effective through March 2019 that result in a rate reduction provided that the Company meets specified criteria. Upon expiration, the Company may renew the arrangement on demand, as long as the applicable law and operating criteria remain in place. The effect of the tax incentives were not material to the Company's income tax provision for the three months ended April 1, 2016 .

Earnings Per Share

Earnings Per Share	3 Months Ended
	Apr. 01, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share ("EPS") amounts are computed by dividing net income for the period by the weighted average number of common shares outstanding during the period. Diluted EPS amounts are computed by dividing net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. Potentially dilutive common shares include shares issuable upon the exercise of outstanding stock options and vesting of restricted stock units, which are reflected in diluted earnings per share by application of the treasury stock method. The following table presents the calculation of basic and diluted earnings per share: For the three months ended April 1, 2016 March 31, 2015 Net income $ 3,262 $ 770 Weighted average shares used to compute basic earnings per share 36,935 37,052 Dilutive effect of employee stock plans 924 889 Weighted average shares used to compute diluted earnings per share 37,859 37,941 Earnings per share: Basic $ 0.09 $ 0.02 Diluted $ 0.09 $ 0.02 The Company did not exclude any potentially dilutive shares from the calculation of diluted earnings per share for the three months ended April 1, 2016 and March 31, 2015 , as none of these shares would have been antidilutive.

Segments

Segments	3 Months Ended
	Apr. 01, 2016
Segment Reporting [Abstract]
Segments	Segments The Company has determined that it has a single operating and reportable segment. The Company considers operating segments to be components of the Company in which separate financial information is available that is evaluated regularly by the Company’s chief operating decision maker in deciding how to allocate resources and in assessing performance. The chief operating decision maker for the Company is the Chief Executive Officer. The Chief Executive Officer reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. The following table summarizes total sales generated by geographic location of the customer: For the three months ended April 1, 2016 March 31, 2015 United States $ 44,176 $ 32,793 Asia 15,637 12,345 Europe 19,644 15,065 Rest of the world 760 7,585 Total sales $ 80,217 $ 67,788 The Company’s long-lived assets by geographic location are as follows: As of April 1, As of 2016 2015 United States $ 26,440 $ 23,241 International 2,879 2,853 Total long-lived assets $ 29,319 $ 26,094 The following table summarizes total sales by product category: For the three months ended April 1, 2016 March 31, 2015 Bikes $ 45,114 $ 35,619 Power vehicles 35,103 32,169 Total sales $ 80,217 $ 67,788

Related Party Agreement

Related Party Agreement	3 Months Ended
	Apr. 01, 2016
Related Party Transactions [Abstract]
Related Party Agreement	Related Party Agreement In September 2014, the Company entered into an agreement with Compass to assist with compliance requirements pursuant to the Sarbanes-Oxley Act of 2002, as amended. Fees paid for services provided for compliance associated with the audit of our fiscal 2015 financial statements were approximately $135 , including $72 expensed in the quarter ended April 1, 2016 . Fox Factory, Inc. has a triple-net building lease for its manufacturing and office facilities in Watsonville, California. The building is owned by Mr. Fox. Rent expense under this lease was $301 and $301 for the three months ended April 1, 2016 and March 31, 2015, respectively. The lease was amended effective April 2016 to extend the term through June 30, 2020 , with monthly rental payments of $60 , which are adjusted annually for a cost-of-living increase based upon the consumer price index.

Description of Business, Basi20

Description of Business, Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 01, 2016
Accounting Policies [Abstract]
Change in Fiscal Year	Change in Fiscal Year - For fiscal year 2016, the Company has changed from a calendar year ending on December 31 to a 52-53 week fiscal year ending on the Friday nearest to December 31, effective beginning with the first quarter of 2016. Therefore, the financial results of certain future fiscal years and quarters, which will contain 53 and 14 weeks, respectively, will not be exactly comparable to the prior and subsequent fiscal years and quarters, which contain 52 and 13 weeks, respectively. The adoption of a 52-53 week year was not deemed a change in fiscal year for purposes of reporting subject to Rule 13a-10 or 15d-10; hence, no transition reports are required. The Company has made the change in fiscal years on a prospective basis and thus will not revise the Company’s previously reported financial statements as of and for the year ended December 31, 2015 or any interim period therein. This change in fiscal year was identified as a best practice in connection with the Company’s previously disclosed global enterprise resource planning system, which the Company began implementing in May 2015. The Company believes this change will provide numerous benefits, including but not limited to, better alignment with manufacturing scheduling and improved comparability between periods.
Basis of Presentation	Basis of Presentation - The accompanying condensed consolidated financial statements are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted (“GAAP”) in the United States of America ("US") and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with 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 audited consolidated financial statements for the year ended December 31, 2015 included in the Company’s Annual Report on Form 10-K as filed with the SEC. In management’s opinion, the unaudited interim 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 the three months ended April 1, 2016 are not necessarily indicative of the results that may be expected for the year ending December 30, 2016 .
Principles of Consolidation	Principles of Consolidation - These condensed consolidated financial statements include the Company and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.
Use of Estimates	Use of Estimates - The preparation of the Company’s condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. These estimates are based on information available as of the date of the financial statements; therefore, actual results could differ from management’s estimates.
Certain Significant Risks and Uncertainties	Certain Significant Risks and Uncertainties - The Company is subject to those risks common in manufacturing-driven markets, including, but not limited to, competitive forces, dependence on key personnel, customer demand for its products, the successful protection of its proprietary technologies, compliance with government regulations, and the possibility of not being able to obtain additional financing when needed.
Recent Accounting Pronouncements	Recent Accounting Pronouncements - In May 2014, the FASB and International Accounting Standards Board issued their converged standard on revenue recognition, Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers. This standard outlines a single comprehensive model for companies to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that revenue is recognized when a customer obtains control of a good or service. A customer obtains control when it has the ability to direct the use of and obtain the benefits from the good or service. Transfer of control is not the same as transfer of risks and rewards, as it is considered in current guidance. We will apply the new guidance to determine whether revenue should be recognized over time or at a point in time. This standard will be effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted after December 15, 2016. The Company can choose to apply this standard retrospectively for each prior reporting period presented or retrospectively with the cumulative effect of initially applying the standard recognized at the date of the initial application in retained earnings. The Company expects to complete its assessment of the impact of the new guidance on its consolidated financial statements in 2016. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 requires the presentation of debt issuance costs in the balance sheet as a reduction from the related debt liability rather than as an asset. Amortization of such costs will continue to be reported as interest expense. The Company adopted ASU 2015-03 effective January 1, 2016 on a retrospective basis. As a result, debt issuance costs of $781 have been reclassified from other assets to long-term debt in the December 31, 2015 condensed consolidated balance sheet. In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory. The guidance applies to inventory that is measured using first-in, first-out (“FIFO”) or average cost. Under the guidance, an entity should measure inventory that is within scope at the lower of cost and net realizable value, which is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The guidance is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years, with early adoption permitted as of the beginning of an interim or annual reporting period. The Company does not expect this guidance to have a significant impact on the consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases, which will supersede the existing guidance for lease accounting. This ASU will require lessees to recognize leases with durations greater than twelve months on the balance sheet. This guidance is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years, and early adoption is permitted. The Company is currently assessing the impact this guidance will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, which modifies the accounting for certain aspects of share-based payments to employees. The guidance requires the recognition of the income tax effects of awards in the income statement when the awards vest or are settled, thus eliminating additional paid in capital pools. The guidance also allows for the employer to repurchase more of an employee’s shares for tax withholding purposes without triggering liability accounting. The Company early adopted the guidance effective January 1, 2016. As provided in the guidance, the Company made a policy election to account for forfeitures as they occur rather than on an estimated basis. The policy election and amendments related to the timing of when excess tax benefits are recognized and their recognition in the income tax provision were applied utilizing the modified retrospective transition method. The impact of the forfeiture policy election on the results of operations and opening equity was immaterial. The Company elected to adopt the amendments related to the presentation of excess tax benefits on the statement of cash flows using a prospective transition method.

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Apr. 01, 2016
Inventory Disclosure [Abstract]
Inventory	Inventory consisted of the following: As of April 1, As of 2016 2015 Raw materials $ 48,259 $ 43,468 Work-in-process 2,068 1,921 Finished goods 24,661 22,813 Total inventory $ 74,988 $ 68,202

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	3 Months Ended
	Apr. 01, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	Property, plant and equipment consisted of the following: As of April 1, As of 2016 2015 Machinery and manufacturing equipment $ 24,403 $ 22,488 Information systems, office equipment and furniture 11,038 9,829 Transportation equipment 2,307 2,243 Building and land 4,358 3,469 Leasehold improvements 7,388 6,970 Total 49,494 44,999 Less: accumulated depreciation and amortization (20,175 ) (18,905 ) Property, plant and equipment, net $ 29,319 $ 26,094

Intangibles, net (Tables)

Intangibles, net (Tables)	3 Months Ended
	Apr. 01, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Excluding Goodwill	Intangible assets, excluding goodwill, are comprised of the following: Gross carrying amount Accumulated amortization Net carrying amount Weighted average life (years) April 1, 2016: Customer relationships $ 39,021 $ (13,655 ) $ 25,366 13 Core technology 33,400 (32,599 ) 801 8 Other 1,335 (1,008 ) 327 4 Total $ 73,756 $ (47,262 ) 26,494 Trademarks and brands, not subject to amortization 33,652 Total $ 60,146 December 31, 2015: Customer relationships $ 39,004 $ (13,013 ) $ 25,991 13 Core technology 33,400 (32,559 ) 841 8 Other 1,335 (889 ) 446 4 Total $ 73,739 $ (46,461 ) 27,278 Trademarks and brands, not subject to amortization 33,571 Total $ 60,849
Schedule of Finite-Lived Intangible Assets, Amortization Expense	For the three months ended April 1, 2016 March 31, 2015 Amortization of intangibles $ 795 $ 1,840
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Future amortization expense for finite-lived intangibles as of April 1, 2016 is as follows: For the fiscal years ending, Amortization Expense 2016 (remaining nine months) $ 2,198 2017 2,801 2018 2,776 2019 2,715 2020 2,015 Thereafter 13,989 Total expected future amortization $ 26,494
Schedule of Goodwill	Goodwill activity consisted of the following: Balance as of December 31, 2015 $ 57,653 Currency translation and other adjustments 25 Balance as of April 1, 2016 $ 57,678

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
	Apr. 01, 2016
Payables and Accruals [Abstract]
Accrued Expenses	Accrued expenses consisted of the following: As of April 1, As of 2016 2015 Payroll and related expenses $ 4,262 $ 8,143 Management earn-out 2,162 7,242 Warranty 3,868 3,914 Income tax payable 333 1,949 Other accrued expenses 2,176 1,986 Total $ 12,801 $ 23,234
Activity Related to Warranties	Activity related to warranties is as follows: For the three months ended April 1, 2016 March 31, 2015 Beginning warranty liability $ 3,914 $ 4,215 Charge to cost of sales 858 830 Costs incurred (904 ) (875 ) Ending warranty liability $ 3,868 $ 4,170

Debt (Tables)

Debt (Tables)	3 Months Ended
	Apr. 01, 2016
Debt Disclosure [Abstract]
Summary of Amended & Restated 2013 Credit Facility	The following table summarizes the line of credit under the Amended and Restated 2013 Credit Facility: As of April 1, 2016 Amount outstanding $ 11,500 Available borrowing capacity $ 48,500 Maximum borrowing capacity $ 60,000 Interest rate at April 1, 2016 3.52 % Maturity date December 12, 2019
Schedule of Future Principal Payments	As of April 1, 2016 , future principal payments for long-term debt, including the current portion, are summarized as follows: Fiscal Year 2016 (remaining nine months) $ 2,128 2017 4,256 2018 4,256 2019 35,813 Total 46,453 Debt issuance cost (731 ) Long-term debt, net of issuance cost 45,722 Less: current portion (3,142 ) Long-term debt less current portion $ 42,580

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Apr. 01, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	The following table summarizes the allocation of stock-based compensation in the accompanying consolidated statements of income: For the three months ended April 1, 2016 March 31, 2015 Cost of sales $ 31 $ 11 Sales and marketing 126 82 Research and development 70 23 General and administrative 1,154 936 Total $ 1,381 $ 1,052
Schedule of Nonvested Restricted Stock Units Activity	The following table summarizes the activity for the Company's unvested restricted stock units ("RSU") for the three months ended April 1, 2016 . Unvested RSUs Number of shares outstanding Weighted-average grant date fair value Unvested at December 31, 2015 773 $ 17.07 Granted 226 $ 14.41 Forfeited (3 ) $ 16.80 Unvested at April 1, 2016 996 $ 16.47

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 01, 2016
Fair Value Disclosures [Abstract]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table provides a reconciliation of the beginning and ending balances for the Company's contingent consideration liability measured at fair value using Level 3 inputs: Contingent consideration liability (level 3 measurement) Balance at December 31, 2015 $ 12,650 Change in fair value 239 Balance at April 1, 2016 $ 12,889

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Apr. 01, 2016
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	For the three months ended April 1, 2016 March 31, 2015 Provision for income taxes $ 1,145 $ 454 Effective tax rates 26.0 % 37.1 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Apr. 01, 2016
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Earnings Per Share	The following table presents the calculation of basic and diluted earnings per share: For the three months ended April 1, 2016 March 31, 2015 Net income $ 3,262 $ 770 Weighted average shares used to compute basic earnings per share 36,935 37,052 Dilutive effect of employee stock plans 924 889 Weighted average shares used to compute diluted earnings per share 37,859 37,941 Earnings per share: Basic $ 0.09 $ 0.02 Diluted $ 0.09 $ 0.02

Segments (Tables)

Segments (Tables)	3 Months Ended
	Apr. 01, 2016
Segment Reporting [Abstract]
Summary of Total Sales by Geographic Location of Customer	The following table summarizes total sales generated by geographic location of the customer: For the three months ended April 1, 2016 March 31, 2015 United States $ 44,176 $ 32,793 Asia 15,637 12,345 Europe 19,644 15,065 Rest of the world 760 7,585 Total sales $ 80,217 $ 67,788
Long-lived Assets by Geographic Location	The Company’s long-lived assets by geographic location are as follows: As of April 1, As of 2016 2015 United States $ 26,440 $ 23,241 International 2,879 2,853 Total long-lived assets $ 29,319 $ 26,094
Revenue from External Customers by Products and Services	The following table summarizes total sales by product category: For the three months ended April 1, 2016 March 31, 2015 Bikes $ 45,114 $ 35,619 Power vehicles 35,103 32,169 Total sales $ 80,217 $ 67,788

Description of Business, Basi31

Description of Business, Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	Apr. 01, 2016USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt issuance costs reclassified	$ 731
Other Assets [Member] | Accounting Standards Update - 2015-03 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt issuance costs reclassified	(781)
Long-term Debt [Member] | Accounting Standards Update - 2015-03 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt issuance costs reclassified	$ 781

Inventory (Detail)

Inventory (Detail) - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 48,259	$ 43,468
Work-in-process	2,068	1,921
Finished goods	24,661	22,813
Total inventory	$ 74,988	$ 68,202

Property and Equipment (Detail)

Property and Equipment (Detail) - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 49,494	$ 44,999
Accumulated depreciation and amortization	(20,175)	(18,905)
Net property and equipment	29,319	26,094
Machinery and manufacturing equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	24,403	22,488
Information systems, office equipment and furniture
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	11,038	9,829
Transportation equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	2,307	2,243
Building and land
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	4,358	3,469
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 7,388	$ 6,970

Intangible Assets Excluding Goo

Intangible Assets Excluding Goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 31, 2015	Dec. 31, 2015
Intangible Asset Excluding Goodwill [Line Items]
Gross carrying amount	$ 73,756		$ 73,739
Accumulated amortization	(47,262)		(46,461)
Net carrying amount	26,494		27,278
Intangible assets, excluding goodwill	60,146		60,849
Trademarks and brands, not subject to amortization
Intangible Asset Excluding Goodwill [Line Items]
Intangible assets, not subject to amortization	33,652		33,571
Customer relationships
Intangible Asset Excluding Goodwill [Line Items]
Gross carrying amount	39,021		39,004
Accumulated amortization	(13,655)		(13,013)
Net carrying amount	$ 25,366		25,991
Weighted average life (years)	13 years	13 years
Core technology
Intangible Asset Excluding Goodwill [Line Items]
Gross carrying amount	$ 33,400		33,400
Accumulated amortization	(32,599)		(32,559)
Net carrying amount	$ 801		841
Weighted average life (years)	8 years	8 years
Total
Intangible Asset Excluding Goodwill [Line Items]
Gross carrying amount	$ 1,335		1,335
Accumulated amortization	(1,008)		(889)
Net carrying amount	$ 327		$ 446
Weighted average life (years)	4 years	4 years

Intangibles, Net - Additional I

Intangibles, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 31, 2015
Finite-Lived Intangible Assets, Net [Abstract]
Amortization of intangibles	$ 795	$ 1,840

Intangibles, net Intangibles, n

Intangibles, net Intangibles, net - Future Amortization Expense (Details) - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
2016 (remaining nine months)	$ 2,198
2,017	2,801
2,018	2,776
2,019	2,715
2,020	2,015
Thereafter	13,989
Net carrying amount	$ 26,494	$ 27,278

Intangibles, net - Rollforward

Intangibles, net - Rollforward Activity (Details) $ in Thousands	3 Months Ended
	Apr. 01, 2016USD ($)
Finite-lived Intangible Assets [Roll Forward]
Balance as of December 31, 2015	$ 57,653
Currency translation and other adjustments	25
Balance as of April 1, 2016	$ 57,678

Accrued Expenses (Detail)

Accrued Expenses (Detail) - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Payroll and related expenses	$ 4,262	$ 8,143
Management earn-out	2,162	7,242
Warranty	3,868	3,914	$ 4,170	$ 4,215
Income tax payable	333	1,949
Other accrued expenses	2,176	1,986
Total	$ 12,801	$ 23,234

Activity Related to Warranties

Activity Related to Warranties (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 31, 2015
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning warranty liability	$ 3,914	$ 4,215
Charge to cost of sales	858	830
Costs incurred	(904)	(875)
Ending warranty liability	$ 3,868	$ 4,170

Debt - Additional Information (

Debt - Additional Information (Detail) - Amended and Restated 2013 Credit Facility - USD ($)	3 Months Ended
	Apr. 01, 2016	Dec. 31, 2014
Term Loan
Debt Instrument [Line Items]
Term loan amount		$ 80,000,000
London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
LIBOR rate	0.44%
London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
Prime Rate
Debt Instrument [Line Items]
Prime interest rate	3.50%
Prime Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Prime Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%

Summary of Amended & Restated 2

Summary of Amended & Restated 2013 Credit Facility (Detail) - USD ($)	Apr. 01, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Amount outstanding	$ 11,500,000	$ 1,500,000
Available borrowing capacity	48,500,000
Maximum borrowing capacity	$ 60,000,000
Interest rate (as a percent)	3.52%

Future Payments for Long-term D

Future Payments for Long-term Debt (Detail) - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
2016 (remaining nine months)	$ 2,128
2,017	4,256
2,018	4,256
2,019	35,813
Total	46,453
Debt issuance cost	(731)
Long-term debt, net of issuance cost	45,722
Less: current portion	(3,142)	$ (2,790)
Long-term debt less current portion	$ 42,580	$ 43,591

Commitment and Contingencies -

Commitment and Contingencies - Additional Information (Detail) $ in Thousands	Apr. 01, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
Contingent consideration	$ 26,198

Stockholders' Equity - Share Re

Stockholders' Equity - Share Repurchase Program (Details) - USD ($)	Mar. 11, 2016	Apr. 01, 2016	Dec. 31, 2015	Feb. 25, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share repurchase program, authorized amount				$ 40,000,000
Class of Stock [Line Items]
Common stock, par value (in dollars per share)		$ 0.001	$ 0.001
Shares repurchased during period (in shares)		500,000	890,000
Shares repurchased during period, amount		$ 7,948,000	$ 13,754,000
Remaining authorized amount available for repurchase		$ 32,052,000
Compass Group Diversified Holdings, LLC
Class of Stock [Line Items]
Shares issued during period	2,500,000
Common stock, par value (in dollars per share)	$ 0.001
Share price (in dollars per share)	$ 15.895
Stock Issued During Period, Shares, Underwriter Option To Purchase Additional Shares	375,000

Stockholders' Equity - Equity I

Stockholders' Equity - Equity Incentive Plans (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock issued due to exercise of stock options	7,000	0
Proceeds from the exercise of stock options, net of shares repurchased for tax withholding	$ 36
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	1,381	$ 1,052
Cost of sales
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	31	11
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	126	82
Research and development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	70	23
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated share-based compensation expense	1,154	$ 936
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense related to RSUs	$ 12,700
Period for recognition of unrecognized stock-based compensation expense	2 years 8 months 12 days
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period (in shares)	0
Options forfeited in period (in shares)	0
Period for recognition of unrecognized stock-based compensation expense	1 year 3 months 26 days
Unrecognized stock-based compensation expense related to stock options	$ 291

Stockholders' Equity - Unvested

Stockholders' Equity - Unvested RSU Activity (Details) - Restricted Stock Units shares in Thousands	3 Months Ended
	Apr. 01, 2016$ / sharesshares
Number of shares outstanding
Unvested at beginning of period (in shares) | shares	773
Granted (in shares) | shares	226
Forfeited (in shares) | shares	(3)
Unvested at end of period (in shares) | shares	996
Weighted-average grant date fair value
Unvested at beginning of period (in usd per share) | $ / shares	$ 17.07
Granted (in usd per share) | $ / shares	14.41
Forfeited (in usd per share) | $ / shares	16.80
Unvested at end of period (in usd per share) | $ / shares	$ 16.47

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) $ in Thousands	3 Months Ended
	Apr. 01, 2016USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at December 31, 2015	$ 12,650
Change in fair value	239
Balance at April 1, 2016	$ 12,889

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 1,145	$ 454
Effective tax rates (as a percent)	26.00%	37.10%
Federal statutory rate (as a percent)	35.00%	35.00%
Unrecognized tax benefits	$ 8,528
Unrecognized tax benefits that would impact effective tax rate	7,694
Possible reduction in unrecognized tax benefit over fiscal year	$ 1,848

Calculation of Basic and Dilute

Calculation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Net income	$ 3,262	$ 770
Weighted average shares used to compute basic earnings per share (in shares)	36,935	37,052
Dilutive effect of employee stock plans (in shares)	924	889
Weighted average shares used to compute diluted earnings per share (in shares)	37,859	37,941
Basic (in dollars per share)	$ 0.09	$ 0.02
Diluted (in dollars per share)	$ 0.09	$ 0.02

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended
	Apr. 01, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Anti-dilutive shares excluded from calculation of diluted earnings per share	0	0

Summary of Total Sales by Geogr

Summary of Total Sales by Geographic Location of Customer (Detail) $ in Thousands	3 Months Ended
	Apr. 01, 2016USD ($)segment	Mar. 31, 2015USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment	1
Number of reportable segments | segment	1
Segment Reporting Information [Line Items]
Sales	$ 80,217	$ 67,788
United States
Segment Reporting Information [Line Items]
Sales	44,176	32,793
Asia
Segment Reporting Information [Line Items]
Sales	15,637	12,345
Europe
Segment Reporting Information [Line Items]
Sales	19,644	15,065
Rest of the World [Member]
Segment Reporting Information [Line Items]
Sales	$ 760	$ 7,585

Long-lived Assets by Geographic

Long-lived Assets by Geographic Location (Detail) - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Long-lived assets	$ 29,319	$ 26,094
United States
Segment Reporting Information [Line Items]
Long-lived assets	26,440	23,241
International
Segment Reporting Information [Line Items]
Long-lived assets	$ 2,879	$ 2,853

Segments Sales by Product Type

Segments Sales by Product Type (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Sales	$ 80,217	$ 67,788
Bikes
Segment Reporting Information [Line Items]
Sales	45,114	35,619
Power vehicles
Segment Reporting Information [Line Items]
Sales	$ 35,103	$ 32,169

Related Party Agreement (Detail

Related Party Agreement (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 01, 2016	Dec. 31, 2015
Compass Group Diversified Holdings, LLC
Related Party Transaction [Line Items]
Annual fees for services	$ 72	$ 135
Founder and Minority Stockholder | Related Party Transactions
Related Party Transaction [Line Items]
Payments made under lease	301
Monthly rental payments	$ 60