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Unaudited Quarterly Financial Data
12 Months Ended
Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Financial Data Unaudited Quarterly Financial Data
The following table presents the unaudited quarterly financial data. This information has been prepared on a basis consistent with that of the audited consolidated financial statements and all necessary material adjustments, consisting of normal recurring accruals and adjustments, have been included to present fairly the unaudited quarterly financial data. The quarterly results of operations for these periods are not necessarily indicative of future results of operations. Typically, the first quarter of each fiscal year has the lower results than the remainder of the year, representing the Company's weakest quarter due to seasonality at our businesses. The per share calculations for each of the quarters are based on the weighted average number of shares for each period using the two class method, which requires companies to allocate participating securities that have rights to earnings that otherwise would have been available only to common shareholders as a separate class of securities in calculating earnings per share; therefore, the sum of the quarters will not equal to the full year per share amount.
(in thousands)
December 31, 2022 (1) (2)
September 30, 2022 (1)
June 30, 2022 March 31, 2022
Total revenues$594,921 $597,607 $537,754 $533,762 
Gross profit234,831 239,316 221,852 211,745 
Operating income 19,578 48,747 56,117 51,126 
Income from continuing operations(14,344)1,106 31,536 23,747 
Gain (loss) on sale of discontinued operations, net of tax2,500 1,479 (579)5,993 
Net income (loss) attributable to Holdings$(11,968)$(1,774)$26,367 $23,762 
Basic and fully diluted income (loss) per share attributable to Holdings:
  Continuing operations$(0.37)$(0.23)$0.18 $0.06 
  Discontinued operations0.03 0.02 (0.01)0.08 
Basic and fully diluted income (loss) per share attributable to Holdings$(0.34)$(0.21)$0.17 $0.14 
(1) The quarters ended September 30, 2022 and December 31, 2022 includes the operating results from PrimaLoft, which the Company acquired on July 12, 2022.
(2)    The Company recorded goodwill impairment of $20.6 million in the fourth quarter of 2022 related to the Ergobaby operating segment.
(in thousands)
December 31, 2021 (1)
September 30, 2021 (1)(2)
June 30, 2021
March 31, 2021
Total revenues$559,889 $488,158 $453,990 $430,118 
Gross profit213,047 192,131 183,876 177,952 
Operating income 39,597 41,859 42,676 40,603 
Income (loss) from continuing operations25,883 18,720 (16,031)17,802 
Income (loss) from discontinued operations— (1,309)4,780 4,194 
Gain on sale of discontinued operations, net of tax25 72,745 — — 
Net income (loss) attributable to Holdings$22,088 $88,100 $(14,630)$18,994 
Basic and fully diluted income (loss) per share attributable to Holdings:
  Continuing operations$(0.08)$(0.13)$(0.44)$(0.05)
  Discontinued operations— 1.10 0.06 0.06 
Basic and fully diluted income (loss) per share attributable to Holdings$(0.08)$0.97 $(0.38)$0.01