v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME    
Net sales $ 130,106 $ 137,860
Cost of goods sold 73,975 80,232
Gross profit 56,131 57,628
Operating expenses    
Selling, general and administrative 41,753 40,719
Restructuring and transaction costs 698 3,087
Related party expense 128 1,843
Total operating expenses 42,579 45,649
Operating income 13,552 11,979
Other expense    
Interest expense (2,231) (1,637)
Other income (expense), net 1,287 (1,444)
Total other expense, net (944) (3,081)
Income before provision for income taxes 12,608 8,898
Provision for income taxes (3,360) (1,970)
Net income $ 9,248 $ 6,928
Net income per share:    
Basic $ 0.23 $ 0.18
Diluted $ 0.23 $ 0.18
Weighted average shares outstanding:    
Basic 40,618,554 37,946,576
Diluted 40,980,861 38,554,185
Net income $ 9,248 $ 6,928
Other comprehensive income:    
Unrealized holding (losses) gains on derivative instruments, net of tax (750) 1,660
Reclassification adjustments for gains included in net income, net of tax (263) (894)
Total unrealized (loss) gain on derivative instruments, net of tax (1,013) 766
Foreign currency translation adjustments, net of tax 867 (412)
Other comprehensive (loss) income (146) 354
Comprehensive income, net of tax $ 9,102 $ 7,282

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