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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)        
Net sales $ 118,232 $ 114,561 $ 222,638 $ 225,097
Cost of goods sold 75,011 66,333 139,228 132,910
Gross profit 43,221 48,228 83,410 92,187
Operating expenses        
Selling, general and administrative 32,749 31,444 86,699 59,495
Restructuring and transaction costs 1,203 1,219 1,802 1,540
Related party expense 1,112 142 1,234 295
Total operating expenses 35,064 32,805 89,735 61,330
Operating income (loss) 8,157 15,423 (6,325) 30,857
Other expense        
Interest expense (1,439) (5,621) (2,929) (10,665)
Other expense, net (756) (485) (961) (529)
Total other expense, net (2,195) (6,106) (3,890) (11,194)
Income (loss) before provision for income taxes 5,962 9,317 (10,215) 19,663
(Provision) benefit for income taxes (1,517) (2,502) 4,495 (5,984)
Net income (loss) $ 4,445 $ 6,815 $ (5,720) $ 13,679
Net income (loss) per share:        
Basic $ 0.13 $ 0.25 $ (0.16) $ 0.50
Diluted $ 0.12 $ 0.25 $ (0.16) $ 0.50
Weighted average shares outstanding:        
Basic 35,320,314 27,483,350 34,888,703 27,483,350
Diluted 35,688,620 27,483,350 34,888,703 27,483,350
Net income (loss) $ 4,445 $ 6,815 $ (5,720) $ 13,679
Other comprehensive (loss) income:        
Unrealized holding gains, net of tax 987   4,064  
Reclassification adjustments for gains included in net loss, net of tax 15   146  
Total unrealized gains on interest rate swaps, net of tax 1,002   4,210  
Foreign currency translation adjustments, net of tax (2,038) 254 (2,398) 538
Other comprehensive (loss) income (1,036) 254 1,812 538
Comprehensive income (loss), net of tax $ 3,409 $ 7,069 $ (3,908) $ 14,217

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