v3.22.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME    
Net sales $ 104,406 $ 110,536
Cost of goods sold 64,217 66,577
Gross profit 40,189 43,959
Operating expenses    
Selling, general and administrative 53,950 28,051
Restructuring and transaction costs 599 321
Related party expense 122 153
Total operating expenses 54,671 28,525
Operating (loss) income (14,482) 15,434
Other expense    
Interest expense (1,490) (5,044)
Other expense, net (205) (44)
Total other expense, net (1,695) (5,088)
(Loss) income before provision for income taxes (16,177) 10,346
Benefit (provision) for income taxes 6,012 (3,482)
Net (loss) income $ (10,165) $ 6,864
Net (loss) income per share:    
Basic $ (0.30) $ 0.25
Diluted $ (0.30) $ 0.25
Weighted average shares outstanding:    
Basic 34,446,318 27,483,350
Diluted 34,446,318 27,483,350
Net (loss) income $ (10,165) $ 6,864
Other comprehensive income:    
Unrealized holding gains, net of tax 3,077  
Reclassification adjustments for gains included in net income, net of tax 131  
Total unrealized gains on interest rate swaps, net of tax 3,208  
Foreign currency translation adjustments, net of tax (360) 284
Other comprehensive income 2,848 284
Comprehensive (loss) income, net of tax $ (7,317) $ 7,148

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