v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME.        
Net sales $ 98,654 $ 105,735 $ 323,751 $ 297,019
Cost of goods sold 59,346 65,739 192,256 183,869
Gross profit 39,308 39,996 131,495 113,150
Operating expenses        
Selling, general and administrative 27,673 26,908 87,168 79,963
Restructuring and transaction costs (49) 171 1,491 3,143
Related party expense 142 159 437 480
Other general income       (10,950)
Total operating expenses 27,766 27,238 89,096 72,636
Operating income 11,542 12,758 42,399 40,514
Other expense        
Interest expense (3,464) (5,668) (14,129) (18,275)
Loss on extinguishment of debt (15,155)   (15,155)  
Other (expense) income, net (352) (213) (881) 1,925
Total other expense, net (18,971) (5,881) (30,165) (16,350)
(Loss) income before provision for income taxes (7,429) 6,877 12,234 24,164
Benefit (provision) for income taxes 2,123 (430) (3,861) (1,491)
Net (loss) income $ (5,306) $ 6,447 $ 8,373 $ 22,673
Net (loss) income per share:        
Basic $ (0.19) $ 0.23 $ 0.30 $ 0.82
Diluted $ (0.19) $ 0.23 $ 0.30 $ 0.82
Weighted average shares outstanding:        
Basic 27,483,350 27,483,350 27,483,350 27,483,350
Diluted 27,483,350 27,483,350 27,483,350 27,483,350
Other comprehensive (loss) income, net of tax:        
Foreign currency translation adjustments arising during the period $ (515) $ 831 $ 23 $ (776)
Change in fair value of derivative instruments(1) [1] 90   90  
Comprehensive (loss) income, net of tax $ (5,731) $ 7,278 $ 8,486 $ 21,897
[1] (1) Net of income tax of $30 for the three and nine months ended September 30, 2021

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