Quarterly report pursuant to Section 13 or 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.22.2.2
SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2022
SIGNIFICANT ACCOUNTING POLICIES  
Summary of fair value hierarchy for assets and liabilities measured at fair value on a recurring basis

September 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)

$

9,628

$

$

9,628

$

$

1,607

$

$

1,607

$

Liabilities:

Interest rate swap (Note 6)

$

$

$

$

$

389

$

$

389

$

Summary of changes in the accrued warranties and related costs

Nine months ended September 30, 

    

2022

    

2021

Beginning accrued warranty expense

$

1,256

$

1,133

Current period claims

 

(398)

 

(236)

Provision for current period sales

 

339

 

256

Ending accrued warranty expense

$

1,197

$

1,153

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

Three months ended September 30, 

    

Nine months ended September 30, 

    

2022

    

2021

    

2022

    

2021

Net income (loss)

$

4,941

$

(5,306)

$

(779)

$

8,373

 

  

 

  

 

  

 

  

Weighted average shares outstanding - basic

 

37,289,880

 

27,483,350

 

35,697,891

 

27,483,350

Effect of dilutive securities:

Stock-based awards

457,734

Weighted average shares outstanding - diluted

 

37,747,613

 

27,483,350

 

35,697,891

 

27,483,350

Net income (loss) per share:

 

  

 

  

 

  

 

  

Basic

$

0.13

$

(0.19)

$

(0.02)

$

0.30

Diluted

$

0.13

$

(0.19)

$

(0.02)

$

0.30