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CONDENSED FINANCIAL INFORMATION OF REGISTRANT (PARENT COMPANY ONLY) (Tables) | 12 Months Ended
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Dec. 31, 2023
CONDENSED FINANCIAL INFORMATION OF REGISTRANT (PARENT COMPANY ONLY) |
Schedule of condensed balance sheets | Latham Group, Inc. (Parent Company Only) Condensed Balance Sheets (in thousands, except share and per share data) ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2023 |  | 2022
Assets | ​ | ​ |  |  | ​ |
Investment in subsidiary | ​ | $ | 399,200 | ​ | $ | 382,790
Total assets | ​ | $ | 399,200 | ​ | $ | 382,790
Liabilities and Stockholders’ Equity | ​ |  |  | ​ |  |
Total liabilities | ​ | $ | — | ​ | $ | —
Stockholders’ Equity | ​ |  |  | ​ |  |
Preferred stock, $0.0001 par value; 100,000,000 shares authorized as of both December 31, 2023 and December 31, 2022; no shares issued and outstanding as of both December 31, 2023 and December 31, 2022 | ​ | ​ | — | ​ | ​ | —
Common stock, $0.0001 par value; 900,000,000 shares authorized as of December 31, 2023 and December 31, 2022; 114,871,782 and 114,667,975 shares issued and outstanding, as of December 31, 2023 and December 31, 2022, respectively | ​ |  | 11 | ​ |  | 11
Additional paid-in capital | ​ |  | 459,684 | ​ |  | 440,880
Accumulated deficit | ​ |  | (56,956) | ​ |  | (54,568)
Accumulated other comprehensive loss | ​ |  | (3,539) | ​ |  | (3,533)
Total stockholders’ equity | ​ |  | 399,200 | ​ |  | 382,790
Total liabilities and stockholders’ equity | ​ | $ | 399,200 | ​ | $ | 382,790
Schedule of condensed statements of operations | Latham Group, Inc. (Parent Company Only) Condensed Statements of Operations (in thousands, except share and per share data) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended
​ | ​ | December 31,
​ |  | 2023 |  | 2022 |  | 2021
Equity in net loss of subsidiary | ​ | $ | (2,388) | ​ | $ | (5,694) | ​ | $ | (62,348)
Net loss attributable to common stockholders | ​ | $ | (2,388) | ​ | $ | (5,694) | ​ | $ | (62,348)
Net loss per share | ​ |  |  | ​ |  |  | ​ |  |
Net loss per share attributable to common stockholders – basic and diluted | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | $ | (0.02) | ​ | $ | (0.05) | ​ | $ | (0.56)
Diluted | ​ | $ | (0.02) | ​ | $ | (0.05) | ​ | $ | (0.56)
Weighted-average common shares outstanding – basic and diluted | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | ​ | 112,899,586 | ​ | ​ | 113,245,421 | ​ | ​ | 110,644,366
Diluted | ​ |  | 112,899,586 | ​ |  | 113,245,421 | ​ |  | 110,644,366
Schedule of condensed statements of comprehensive income | Latham Group, Inc. (Parent Company Only) Condensed Statements of Comprehensive Loss (in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended
​ | ​ | December 31,
​ |  | 2023 |  | 2022 |  | 2021
Net loss | ​ | $ | (2,388) | ​ | $ | (5,694) | ​ | $ | (62,348)
Equity in other comprehensive loss of subsidiary | ​ |  | (6) | ​ |  | (3,903) | ​ |  | (1,984)
Comprehensive loss | ​ | $ | (2,394) | ​ | $ | (9,597) | ​ | $ | (64,332)
Schedule of condensed statements of cash flows | Latham Group, Inc. (Parent Company Only) Condensed Statement of Cash Flows (in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended
​ | ​ | December 31,
​ |  | 2023 |  | 2022 |  | 2021
Cash flows from operating activities: |  | ​ |  |  | ​ |  |  | ​ |
Net loss | ​ | $ | (2,388) | ​ | $ | (5,694) | ​ | $ | (62,348)
Adjustments to reconcile net loss to net cash provided by operating activities: | ​ |  |  | ​ |  |  | ​ |  |
Equity in net loss of subsidiary | ​ |  | 2,388 | ​ |  | 5,694 | ​ |  | 62,348
Net cash provided by operating activities | ​ |  | — | ​ |  | — | ​ |  | —
Cash flows from investing activities: | ​ |  |  | ​ |  |  | ​ |  |
Distribution from subsidiary | ​ | ​ | — | ​ | ​ | 23,038 | ​ | ​ | —
Investment in subsidiary | ​ |  | — | ​ |  | — | ​ |  | (117,626)
Net cash provided by (used in) investing activities | ​ |  | — | ​ |  | 23,038 | ​ |  | (117,626)
Cash flows from financing activities: | ​ |  |  | ​ |  |  | ​ |  |
Proceeds from initial public offering, net of underwriting discounts, commissions and offering costs | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 399,264
Proceeds from issuance of common stock | ​ | ​ | — | ​ | ​ | 257,663 | ​ | ​ | —
Repurchase and retirement of common stock | ​ | ​ | — | ​ | ​ | (280,701) | ​ | ​ | (281,638)
Net cash (used in) provided by financing activities | ​ |  | — | ​ |  | (23,038) | ​ |  | 117,626
Net increase in cash | ​ |  | — | ​ |  | — | ​ |  | —
Cash at beginning of period | ​ |  | — | ​ |  | — | ​ |  | —
Cash at end of period | ​ | $ | — | ​ | $ | — | ​ | $ | —

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