Quarterly report pursuant to Section 13 or 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.22.2
SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2022
SIGNIFICANT ACCOUNTING POLICIES  
Summary of fair value hierarchy for assets and liabilities measured at fair value on a recurring basis

June 30, 2022

December 31, 2021

Carrying 

Fair Value

Carrying 

Fair Value

    

amount

    

Level 1

    

Level 2

    

Level 3

    

amount

    

Level 1

    

Level 2

    

Level 3

Assets:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Interest rate swap (Note 6)

$

6,830

$

$

6,830

$

$

1,607

$

$

1,607

$

Liabilities:

Interest rate swap (Note 6)

$

$

$

$

$

389

$

$

389

$

Summary of changes in the accrued warranties and related costs

Three Months Ended June 30, 

Six months ended June 30, 

    

2022

    

2021

    

2022

    

2021

Beginning accrued warranty expense

$

1,233

$

1,140

$

1,256

$

1,133

Current period claims

 

29

 

(85)

 

(87)

 

(141)

Provision for current period sales

 

165

 

89

 

258

 

152

Ending accrued warranty expense

$

1,427

$

1,144

$

1,427

$

1,144

Summary of calculation of weighted average shares outstanding and net income (loss) per share

Three months ended June 30, 

    

Six months ended June 30, 

    

2022

    

2021

    

2022

    

2021

Net income (loss)

$

4,445

$

6,815

$

(5,720)

$

13,679

 

  

 

  

 

  

 

  

Weighted average shares outstanding - basic

 

35,320,314

 

27,483,350

 

34,888,703

 

27,483,350

Effect of dilutive securities:

Stock-based awards

368,306

Weighted average shares outstanding - diluted

 

35,688,620

 

27,483,350

 

34,888,703

 

27,483,350

Net income (loss) per share:

 

  

 

  

 

  

 

  

Basic

$

0.13

$

0.25

$

(0.16)

$

0.50

Diluted

$

0.12

$

0.25

$

(0.16)

$

0.50