Unaudited Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2024

Quarterly Financial Information Disclosure [Abstract]

Summary of 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, 2024 (4)		September 30, 2024 (3)		June 30, 2024 (3)		March 31, 2024 (1) (2)
Total revenues	$	620,255	$	560,868	$	514,038	$	503,072
Gross profit	271,017		260,753		240,721		227,869
Operating income (loss)	60,573		71,203		58,781		39,574
Income (loss) from continuing operations	8,594		22,560		(20,636)		(5,646)
Income (loss) from discontinued operations	(5,285)		(496)		1,107		653
Gain on sale of discontinued operations, net of tax	8,612		—		—		3,345
Net income (loss) attributable to Holdings	$	11,921	$	22,064	$	(19,529)	$	(1,648)

Basic and fully diluted income (loss) per share attributable to Holdings:
Continuing operations	$	(0.10)	$	0.09	$	(0.46)	$	(0.90)
Discontinued operations	0.04		(0.01)		0.01		0.05
Basic and fully diluted income (loss) per share attributable to Holdings	$	(0.06)	$	0.08	$	(0.45)	$	(0.85)

(1) The Company sold its Marucci operating segment in the fourth quarter of 2023. In the first quarter of 2024, the LLC received a net working capital settlement of approximately $3.3 million related to Marucci, which was recognized as an additional gain on sale of discontinued operations, net of taxes. All prior periods are presented as discontinued operations.

(2) The Company recorded goodwill impairment of $8.2 million in the first quarter of 2024. Refer to "Note G - Goodwill and Intangible Assets" for further description.

(3) The Company recorded a loss of $24.6 million on the sale of Crosman in the second quarter of 2024, and a gain of $0.4 million in the third quarter of 2024 related to the working capital settlement.

(4) The Company sold its Ergo operating segment in the fourth quarter of 2024, recording a pre-tax gain on sale of $6.1 million. All prior periods are presented as discontinued operations.


(in thousands)	December 31, 2023 (1) (2) (3)		September 30, 2023 (1) (2)		June 30, 2023 (1)		March 31, 2023 (1)
Total revenues	$	544,915	$	497,847	$	460,740	$	461,515
Gross profit	231,943		210,274		199,837		190,949
Operating income	(4,592)		16,085		39,587		34,169
Income (loss) from continuing operations	(39,891)		(21,661)		4,026		(3,725)
Income from discontinued operations	(2,202)		10,233		5,348		11,133
Gain on sale of discontinued operations, net of tax	179,530		1,274		4,232		97,989
Net income (loss) attributable to Holdings	$	137,437	$	(10,154)	$	13,606	$	105,397

Basic and fully diluted income (loss) per share attributable to Holdings:
Continuing operations	$	(0.75)	$	(0.48)	$	(0.47)	$	(0.20)
Discontinued operations	2.45		0.15		0.12		1.49
Basic and fully diluted income (loss) per share attributable to Holdings	$	1.70	$	(0.33)	$	(0.35)	$	1.29