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v3.23.1

Operating Segment Data (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Segment Reporting [Abstract] |
Summary of Net Sales of Operating Segments |
Net Revenues | Three months ended March 31, |  |
(in thousands) | 2023 |  | 2022 |  |  |  |
5.11 | $ | 124,452 |  |  | $ | 104,023 |  |  |  |  |
BOA | 37,986 |  |  | 56,810 |  |  |  |  |
Ergobaby | 22,418 |  |  | 20,210 |  |  |  |  |
Lugano | 63,887 |  |  | 47,019 |  |  |  |  |
Marucci | 58,295 |  |  | 52,092 |  |  |  |  |
PrimaLoft | 24,529 |  |  | — |  |  |  |  |
Velocity Outdoor | 34,040 |  |  | 51,446 |  |  |  |  |
Altor Solutions | 61,512 |  |  | 63,828 |  |  |  |  |
Arnold | 40,090 |  |  | 38,165 |  |  |  |  |
Sterno | 75,019 |  |  | 76,920 |  |  |  |  |
Total segment revenue | 542,228 |  |  | 510,513 |  |  |  |  |
Corporate | — |  |  | — |  |  |  |  |
Total consolidated revenues | $ | 542,228 |  |  | $ | 510,513 |  |  |  |  |
Summary of Profit (Loss) of Operating Segments |
Segment Profit (Loss) | Three months ended March 31, |  |
(in thousands) | 2023 |  | 2022 |  |  |  |
5.11 | $ | 7,670 |  |  | $ | 5,905 |  |  |  |  |
BOA | 7,951 |  |  | 18,811 |  |  |  |  |
Ergobaby | 388 |  |  | (276) |  |  |  |  |
Lugano | 19,776 |  |  | 13,606 |  |  |  |  |
Marucci | 14,340 |  |  | 7,885 |  |  |  |  |
PrimaLoft | 5,021 |  |  | — |  |  |  |  |
Velocity Outdoor | (3,276) |  |  | 3,067 |  |  |  |  |
Altor Solutions | 6,934 |  |  | 5,834 |  |  |  |  |
Arnold | 5,038 |  |  | 3,288 |  |  |  |  |
Sterno | 4,493 |  |  | 3,034 |  |  |  |  |
Total segment operating income | 68,335 |  |  | 61,154 |  |  |  |  |
Corporate | (19,438) |  |  | (16,552) |  |  |  |  |
Total consolidated operating income | 48,897 |  |  | 44,602 |  |  |  |  |
Reconciliation of segment operating income (loss) to consolidated income from continuing operations before income taxes: |  |  |  |  |  |  |
Interest expense, net | (26,180) |  |  | (17,419) |  |  |  |  |
Amortization of debt issuance costs | (1,005) |  |  | (866) |  |  |  |  |
Other income (expense), net | 1,127 |  |  | 2,036 |  |  |  |  |
Total consolidated income from continuing operations before income taxes | $ | 22,839 |  |  | $ | 28,353 |  |  |  |  |
Summary of Goodwill and Identifiable Assets of Operating Segments |
Depreciation and Amortization Expense | Three months ended March 31, |  |
(in thousands) | 2023 |  | 2022 |  |  |  |
5.11 | $ | 6,377 |  |  | $ | 5,412 |  |  |  |  |
BOA | 5,636 |  |  | 5,254 |  |  |  |  |
Ergobaby | 2,014 |  |  | 1,995 |  |  |  |  |
Lugano | 2,718 |  |  | 2,169 |  |  |  |  |
Marucci | 3,014 |  |  | 4,152 |  |  |  |  |
PrimaLoft | 5,278 |  |  | — |  |  |  |  |
Velocity Outdoor | 3,284 |  |  | 3,195 |  |  |  |  |
Altor Solutions | 4,104 |  |  | 3,928 |  |  |  |  |
Arnold | 1,978 |  |  | 2,185 |  |  |  |  |
Sterno | 4,914 |  |  | 5,003 |  |  |  |  |
Total | 39,317 |  |  | 33,293 |  |  |  |  |
Reconciliation of segment to consolidated total: |  |  |  |  |  |  |
Amortization of debt issuance costs | 1,005 |  |  | 866 |  |  |  |  |
Consolidated total | $ | 40,322 |  |  | $ | 34,159 |  |  |  |  |
| Accounts Receivable |  | Identifiable Assets
| March 31, |  | December 31, |  | March 31, |  | December 31,
(in thousands) | 2023 |  | 2022 |  | 2023 (1) |  | 2022 (1)
5.11 | $ | 51,552 |  |  | $ | 53,589 |  |  | $ | 468,015 |  |  | $ | 450,537 |
BOA | 2,069 |  |  | 1,630 |  |  | 236,956 |  |  | 240,359 |
Ergobaby | 14,206 |  |  | 11,213 |  |  | 81,975 |  |  | 84,657 |
Lugano | 92,474 |  |  | 85,911 |  |  | 370,884 |  |  | 327,795 |
Marucci | 35,881 |  |  | 35,185 |  |  | 171,659 |  |  | 181,528 |
PrimaLoft | 2,677 |  |  | 2,486 |  |  | 303,708 |  |  | 310,914 |
Velocity Outdoor | 24,617 |  |  | 33,159 |  |  | 223,365 |  |  | 224,356 |
Altor Solutions | 44,022 |  |  | 42,368 |  |  | 194,606 |  |  | 198,943 |
Arnold | 23,983 |  |  | 23,666 |  |  | 107,993 |  |  | 105,196 |
Sterno | 46,564 |  |  | 54,400 |  |  | 196,897 |  |  | 210,780 |
Sales allowance accounts | (11,301) |  |  | (12,211) |  |  | — |  |  | — |
Total | 326,744 |  |  | 331,396 |  |  | 2,356,058 |  |  | 2,335,065 |
Reconciliation of segment to consolidated totals: |  |  |  |  |  |  |
Corporate and other identifiable assets | — |  |  | — |  |  | 8,397 |  |  | 18,471 |
Total | $ | 326,744 |  |  | $ | 331,396 |  |  | $ | 2,364,455 |  |  | $ | 2,451,509 |
(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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