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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 97,199 $ 62,743 $ 181,382 $ 126,465
Cost of sales 38,347 27,633 73,771 57,039
Gross profit 58,852 35,110 107,611 69,426
Operating expenses:        
General and administrative expenses 20,513 10,739 38,227 18,796
Selling expenses 3,920 0 4,982 0
Income from operations 34,419 24,371 64,402 50,630
Other income (expense):        
Revaluation of warrant liability 19,465 0 18,041 0
Revaluation of earnout consideration liability 14,934 0 19,041 0
Change in fair value of derivative liability 187 0 (61) 0
Interest expense, net (4,904) (2,493) (9,238) (5,136)
Amortization of deferred financing costs (641) (398) (1,274) (792)
Total other income (expenses), net 29,041 (2,891) 26,509 (5,928)
Income before income taxes 63,460 21,480 90,911 44,702
Provision for income taxes (2,802) 0 (3,345) 0
Net income 60,658 21,480 87,566 44,702
Net income attributable to redeemable non-controlling interests 52,184 0 75,628 0
Net income attributable to CompoSecure, Inc. $ 8,474 $ 21,480 $ 11,938 $ 44,702
Net income per share attributable to Class A common stockholders - basic (usd per share) $ 0.56   $ 0.80  
Net income per share attributable to Class A common stockholders - diluted (usd per share) [1] $ 0.52   $ 0.75  
Weighted average shares used to compute net income per share attributable to Class A common stockholders - basic (shares) 15,051,732   14,992,612  
Weighted average shares used to compute net income per share attributable to Class A common stockholders - diluted (shares) 32,363,292   32,341,294  
[1] Net income attributable to CompoSecure, Inc.is adjusted for net effects of stock options and exchangeable notes to calculate diluted net income attributable to CompoSecure, Inc. See note 13.