XML 54 R39.htm IDEA: XBRL DOCUMENT v3.22.0.1
Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Carried at Fair Value Measured on Recurring Basis
The following table provides the assets and liabilities carried at fair value measured on a recurring basis as of December 31, 2021 and 2020 (in thousands):
Fair Value Measurements at December 31, 2021
Carrying
Value		Level 1Level 2Level 3
Liabilities:
    Put option of noncontrolling shareholders (1)
$(151)$— $— $(151)
    Contingent consideration - acquisition (2)
$(1,350)$— $— $(1,350)
Total recorded at fair value$(1,501)$— $— $(1,501)
(1)Represents a put option issued to a noncontrolling shareholder in connection with the 5.11 acquisition.
(2)Represents potential earn-out payable as additional purchase price consideration by Altor Solutions in connection with the acquisition of Polyfoam.
Fair Value Measurements at December 31, 2020
Carrying
Value		Level 1Level 2Level 3
Liabilities:
    Put option of noncontrolling shareholders (1)
$(435)$— $— $(435)
    Contingent consideration - acquisition (2)
(1,350)— — (1,350)
Total recorded at fair value$(1,785)$— $— $(1,785)
(1)Represents put options issued to noncontrolling shareholders in connection with the Liberty and 5.11 acquisitions. Liberty was sold on July 16, 2021.
(2)Represents potential earn-out payable as additional purchase price consideration by Altor Solutions in connection with the acquisition of Polyfoam.
Reconciliations of Change in Carrying Value of Level 3 Supplemental Put Liability
A reconciliation of the change in the carrying value of the Company’s Level 3 fair value measurements is as follows:
Year ended December 31,
(in thousands)
20212020
Balance at January 1st$(1,785)$(111)
Contingent consideration - Polyfoam— (1,350)
Termination of put option of noncontrolling shareholder- Liberty314 — 
Increase in the fair value of put option of noncontrolling shareholders - Liberty— (264)
Increase in the fair value of put option of noncontrolling shareholder - 5.11(30)(60)
Balance at December 31st$(1,501)$(1,785)
Summary of Assets and Liabilities Carried at Fair Value Measured on Non-recurring Basis
The following table provides the assets and liabilities carried at fair value measured on a non-recurring basis as of December 31, 2019. Refer to "Note H – Goodwill and Intangible Assets", for a description of the valuation techniques used to determine fair value of the assets measured on a non-recurring basis in the table below. There were no assets and liabilities carried at fair value measured on a non-recurring basis as of December 31, 2021 and 2020.
Expense
Fair Value Measurements at December 31, 2019Year ended
(in thousands)Carrying
Value		Level 1Level 2Level 3December 31, 2019
Goodwill - Velocity Outdoor$30,079 — — $30,079 $32,881