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v3.22.2.2

Operating Segment Data (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Summary of Net Sales of Operating Segments |
Net Revenues | Three months ended September 30, |  | Nine months ended September 30,
(in thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
5.11 | $ | 126,537 |  |  | $ | 111,099 |  |  | $ | 350,608 |  |  | $ | 321,009 |
BOA | 50,019 |  |  | 39,496 |  |  | 166,215 |  |  | 120,033 |
Ergobaby | 21,540 |  |  | 19,816 |  |  | 68,256 |  |  | 69,100 |
Lugano | 51,145 |  |  | 10,823 |  |  | 137,229 |  |  | 10,823 |
Marucci | 42,753 |  |  | 25,040 |  |  | 122,481 |  |  | 86,328 |
PrimaLoft | 10,712 |  |  | — |  |  | 10,712 |  |  | — |
Velocity Outdoor | 75,482 |  |  | 76,901 |  |  | 180,774 |  |  | 205,891 |
Advanced Circuits | 21,788 |  |  | 23,182 |  |  | 67,194 |  |  | 67,209 |
Altor | 69,618 |  |  | 44,122 |  |  | 199,590 |  |  | 122,582 |
Arnold | 39,377 |  |  | 36,852 |  |  | 116,319 |  |  | 101,893 |
Sterno | 88,636 |  |  | 100,827 |  |  | 249,745 |  |  | 267,398 |
Total segment revenue | 597,607 |  |  | 488,158 |  |  | 1,669,123 |  |  | 1,372,266 |
Corporate | — |  |  | — |  |  | — |  |  | — |
Total consolidated revenues | $ | 597,607 |  |  | $ | 488,158 |  |  | $ | 1,669,123 |  |  | $ | 1,372,266 |
Summary of Profit (Loss) of Operating Segments |
Segment operating income (loss) | Three months ended September 30, |  | Nine months ended September 30,
(in thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
5.11 | $ | 12,091 |  |  | $ | 10,088 |  |  | $ | 30,301 |  |  | $ | 27,893 |
BOA | 12,975 |  |  | 7,091 |  |  | 50,237 |  |  | 25,798 |
Ergobaby | 593 |  |  | 246 |  |  | 3,866 |  |  | 5,964 |
Lugano | 12,635 |  |  | 1,583 |  |  | 35,885 |  |  | 1,583 |
Marucci | 7,692 |  |  | 3,580 |  |  | 14,141 |  |  | 15,267 |
PrimaLoft | (8,469) |  |  | — |  |  | (8,469) |  |  | — |
Velocity Outdoor | 10,225 |  |  | 12,905 |  |  | 18,721 |  |  | 33,039 |
Advanced Circuits | 4,973 |  |  | 6,791 |  |  | 17,303 |  |  | 18,610 |
Altor | 6,561 |  |  | 5,380 |  |  | 18,303 |  |  | 13,612 |
Arnold | 5,462 |  |  | 4,611 |  |  | 14,075 |  |  | 10,104 |
Sterno | 2,795 |  |  | 4,232 |  |  | 13,783 |  |  | 15,094 |
Total segment operating income | 67,533 |  |  | 56,507 |  |  | 208,146 |  |  | 166,964 |
Corporate | (18,786) |  |  | (14,648) |  |  | (52,156) |  |  | (41,826) |
Total consolidated operating income | 48,747 |  |  | 41,859 |  |  | 155,990 |  |  | 125,138 |
Reconciliation of segment operating income to consolidated income from continuing operations before income taxes: |  |  |  |  |  |  |
Interest expense, net | (22,799) |  |  | (13,855) |  |  | (57,737) |  |  | (42,607) |
Amortization of debt issuance costs | (1,004) |  |  | (759) |  |  | (2,735) |  |  | (2,167) |
Loss on debt extinguishment | (534) |  |  | — |  |  | (534) |  |  | (33,305) |
Other income (expense), net | (2,141) |  |  | 1,031 |  |  | 606 |  |  | (1,906) |
Total consolidated income from continuing operations before income taxes | $ | 22,269 |  |  | $ | 28,276 |  |  | $ | 95,590 |  |  | $ | 45,153 |
Summary of Goodwill and Identifiable Assets of Operating Segments |
Depreciation and Amortization Expense | Three months ended September 30, |  | Nine months ended September 30,
(in thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
5.11 | $ | 5,701 |  |  | $ | 5,792 |  |  | $ | 16,648 |  |  | $ | 16,493 |
BOA | 5,517 |  |  | 5,082 |  |  | 16,161 |  |  | 14,818 |
Ergobaby | 2,008 |  |  | 2,042 |  |  | 5,998 |  |  | 6,354 |
Lugano | 2,976 |  |  | 41 |  |  | 8,090 |  |  | 41 |
Marucci | 2,467 |  |  | 2,127 |  |  | 9,446 |  |  | 6,290 |
PrimaLoft | 4,107 |  |  | — |  |  | 4,107 |  |  | — |
Velocity Outdoor | 3,327 |  |  | 3,093 |  |  | 9,740 |  |  | 9,311 |
Advanced Circuits | 508 |  |  | 527 |  |  | 1,544 |  |  | 1,568 |
Altor | 4,062 |  |  | 3,148 |  |  | 12,069 |  |  | 8,845 |
Arnold | 1,895 |  |  | 1,965 |  |  | 5,942 |  |  | 5,702 |
Sterno | 4,956 |  |  | 5,610 |  |  | 14,934 |  |  | 15,976 |
Total | 37,524 |  |  | 29,427 |  |  | 104,679 |  |  | 85,398 |
Reconciliation of segment to consolidated total: |  |  |  |  |  |  |
Amortization of debt issuance costs | 1,004 |  |  | 759 |  |  | 2,735 |  |  | 2,084 |
Consolidated total | $ | 38,528 |  |  | $ | 30,186 |  |  | $ | 107,414 |  |  | $ | 87,482 |
| Accounts Receivable |  | Identifiable Assets
| September 30, |  | December 31, |  | September 30, |  | December 31,
(in thousands) | 2022 |  | 2021 |  | 2022 (1) |  | 2021 (1)
5.11 | $ | 52,068 |  |  | $ | 50,461 |  |  | $ | 421,307 |  |  | $ | 354,666 |
BOA | 2,318 |  |  | 2,387 |  |  | 247,049 |  |  | 263,052 |
Ergobaby | 13,095 |  |  | 11,167 |  |  | 86,786 |  |  | 86,530 |
Lugano | 50,914 |  |  | 27,812 |  |  | 307,773 |  |  | 233,720 |
Marucci | 29,472 |  |  | 23,261 |  |  | 181,367 |  |  | 146,087 |
PrimaLoft | 2,512 |  |  | — |  |  | 259,934 |  |  | — |
Velocity Outdoor | 51,548 |  |  | 36,017 |  |  | 240,119 |  |  | 219,545 |
Advanced Circuits | 9,902 |  |  | 9,717 |  |  | 22,415 |  |  | 24,120 |
Altor | 45,032 |  |  | 38,457 |  |  | 204,714 |  |  | 205,631 |
Arnold | 23,417 |  |  | 20,372 |  |  | 101,066 |  |  | 101,591 |
Sterno | 61,209 |  |  | 72,179 |  |  | 235,038 |  |  | 244,338 |
Allowance for doubtful accounts | (15,221) |  |  | (14,120) |  |  | — |  |  | — |
Total | 326,266 |  |  | 277,710 |  |  | 2,307,568 |  |  | 1,879,280 |
Reconciliation of segment to consolidated total: |  |  |  |  |  |  |
Corporate and other identifiable assets | — |  |  | — |  |  | 13,212 |  |  | 105,188 |
Consolidated total | $ | 326,266 |  |  | $ | 277,710 |  |  | $ | 2,320,780 |  |  | $ | 1,984,468 |
(1)Does not include accounts receivable balances per schedule above or goodwill balances - refer to Note G - "Goodwill and Other Intangible Assets".

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