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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME    
Net sales $ 137,860 $ 111,748
Cost of goods sold 80,232 65,130
Gross profit 57,628 46,618
Operating expenses    
Selling, general and administrative 40,719 35,250
Restructuring and transaction costs 3,087  
Related party expense 1,843 148
Total operating expenses 45,649 35,398
Operating income 11,979 11,220
Other expense    
Interest expense (1,637) (1,641)
Other (expense) income, net (1,444) 364
Total other expense, net (3,081) (1,277)
Income before provision for income taxes 8,898 9,943
Provision for income taxes (1,970) (2,941)
Net income $ 6,928 $ 7,002
Net income per share:    
Basic $ 0.18 $ 0.19
Diluted $ 0.18 $ 0.19
Weighted average shares outstanding:    
Basic 37,946,576 37,373,529
Diluted 38,554,185 37,629,498
Net income $ 6,928 $ 7,002
Other comprehensive income:    
Unrealized holding gains (losses) on derivative instruments, net of tax(1) 1,660 (426)
Reclassification adjustments for gains included in net income, net of tax(2) (894) (647)
Total unrealized gain (loss) on derivative instruments, net of tax 766 (1,073)
Foreign currency translation adjustments, net of tax(3) (412) 706
Other comprehensive income (loss) 354 (367)
Comprehensive income, net of tax $ 7,282 $ 6,635

Source

10-Q PDF
XBRL