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Operating Segment Data (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Summary of Net Sales of Operating Segments |
Net Revenues | Three months ended March 31, |  |
(in thousands) | 2024 |  | 2023 |  |  |  |
5.11 | $ | 124,974 |  |  | $ | 124,452 |  |  |  |  |
BOA | 42,903 |  |  | 37,986 |  |  |  |  |
Ergobaby | 21,218 |  |  | 22,418 |  |  |  |  |
Lugano | 103,039 |  |  | 63,887 |  |  |  |  |
PrimaLoft | 22,541 |  |  | 24,529 |  |  |  |  |
The Honey Pot Co. | 20,165 |  |  | — |  |  |  |  |
Velocity Outdoor | 29,899 |  |  | 34,040 |  |  |  |  |
Altor Solutions | 53,404 |  |  | 61,512 |  |  |  |  |
Arnold | 41,287 |  |  | 40,090 |  |  |  |  |
Sterno | 64,860 |  |  | 75,019 |  |  |  |  |
Total segment revenue | 524,290 |  |  | 483,933 |  |  |  |  |
Corporate | — |  |  | — |  |  |  |  |
Total consolidated revenues | $ | 524,290 |  |  | $ | 483,933 |  |  |  |  |
Summary of Profit (Loss) of Operating Segments |
Segment Profit (Loss) | Three months ended March 31, |  |
(in thousands) | 2024 |  | 2023 |  |  |  |
5.11 | $ | 8,167 |  |  | $ | 7,670 |  |  |  |  |
BOA | 9,656 |  |  | 7,951 |  |  |  |  |
Ergobaby | (998) |  |  | 388 |  |  |  |  |
Lugano | 39,317 |  |  | 19,776 |  |  |  |  |
PrimaLoft | 3,300 |  |  | 5,021 |  |  |  |  |
The Honey Pot Co. | (2,650) |  |  | — |  |  |  |  |
Velocity Outdoor | (12,424) |  |  | (3,276) |  |  |  |  |
Altor Solutions | 6,628 |  |  | 6,934 |  |  |  |  |
Arnold | 4,172 |  |  | 5,038 |  |  |  |  |
Sterno | 4,785 |  |  | 4,493 |  |  |  |  |
Total segment operating income | 59,953 |  |  | 53,995 |  |  |  |  |
Corporate (1) | (21,377) |  |  | (19,438) |  |  |  |  |
Total consolidated operating income | 38,576 |  |  | 34,557 |  |  |  |  |
Reconciliation of segment operating income (loss) to consolidated income from continuing operations before income taxes: |  |  |  |  |  |  |
Interest expense, net | (23,575) |  |  | (26,180) |  |  |  |  |
Amortization of debt issuance costs | (1,005) |  |  | (1,005) |  |  |  |  |
Other income (expense), net | (2,874) |  |  | 1,160 |  |  |  |  |
Total consolidated income from continuing operations before income taxes | $ | 11,122 |  |  | $ | 8,532 |  |  |  |  |
(1) Corporate operating loss is comprised of management fees paid to CGM and corporate overhead expenses.
Summary of Goodwill and Identifiable Assets of Operating Segments |
Depreciation and Amortization Expense | Three months ended March 31, |  |
(in thousands) | 2024 |  | 2023 |  |  |  |
5.11 | $ | 5,799 |  |  | $ | 6,377 |  |  |  |  |
BOA | 5,237 |  |  | 5,636 |  |  |  |  |
Ergobaby | 2,160 |  |  | 2,014 |  |  |  |  |
Lugano | 2,115 |  |  | 2,718 |  |  |  |  |
PrimaLoft | 5,248 |  |  | 5,278 |  |  |  |  |
The Honey Pot Co. | 5,087 |  |  | — |  |  |  |  |
Velocity Outdoor | 3,271 |  |  | 3,284 |  |  |  |  |
Altor Solutions | 4,023 |  |  | 4,104 |  |  |  |  |
Arnold | 2,145 |  |  | 1,978 |  |  |  |  |
Sterno | 4,921 |  |  | 4,914 |  |  |  |  |
Total | 40,006 |  |  | 36,303 |  |  |  |  |
Reconciliation of segment to consolidated total: |  |  |  |  |  |  |
Amortization of debt issuance costs | 1,005 |  |  | 1,005 |  |  |  |  |
Consolidated total | $ | 41,011 |  |  | $ | 37,308 |  |  |  |  |
| Accounts Receivable |  | Identifiable Assets
| March 31, |  | December 31, |  | March 31, |  | December 31,
(in thousands) | 2024 |  | 2023 |  | 2024 (1) |  | 2023 (1)
5.11 | $ | 51,512 |  |  | $ | 50,452 |  |  | $ | 377,402 |  |  | $ | 398,050 |
BOA | 3,153 |  |  | 1,368 |  |  | 241,695 |  |  | 243,243 |
Ergobaby | 11,832 |  |  | 12,018 |  |  | 73,031 |  |  | 73,660 |
Lugano | 136,345 |  |  | 124,776 |  |  | 591,460 |  |  | 510,484 |
PrimaLoft | 1,876 |  |  | 1,381 |  |  | 282,067 |  |  | 288,212 |
The Honey Pot Co. | 18,010 |  |  | — |  |  | 273,419 |  |  | — |
Velocity Outdoor | 20,904 |  |  | 24,458 |  |  | 202,480 |  |  | 207,609 |
Altor Solutions | 35,914 |  |  | 35,232 |  |  | 176,065 |  |  | 186,683 |
Arnold | 28,298 |  |  | 25,977 |  |  | 108,968 |  |  | 110,883 |
Sterno | 40,882 |  |  | 51,740 |  |  | 168,938 |  |  | 174,166 |
Sales allowance accounts | (10,416) |  |  | (9,161) |  |  | — |  |  | — |
Total | 338,310 |  |  | 318,241 |  |  | 2,495,525 |  |  | 2,192,990 |
Reconciliation of segment to consolidated totals: |  |  |  |  |  |  |
Corporate and other identifiable assets | — |  |  | — |  |  | 8,170 |  |  | 404,322 |
Total | $ | 338,310 |  |  | $ | 318,241 |  |  | $ | 2,503,695 |  |  | $ | 2,597,312 |
(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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