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Discontinued Operations | 6 Months Ended
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Jun. 30, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | ote C — Dispositions Sale of Ergobaby On December 27, 2024, the LLC, solely in its capacity as the representative of the holders of stock and options of EBP Lifestyle Brands Holdings, Inc. (“Ergobaby”), a majority owned subsidiary of the Company, entered into a definitive Agreement and Plan of Merger (the “Ergobaby Merger Agreement”) with ERGO Acquisition LLC (“Ergo Acquirer”), Aloha Merger Sub LLC ( “Aloha Merger Sub”) and Ergobaby, to sell to Ergo Acquirer all of the issued and outstanding securities of Ergobaby, the parent company of the operating entity, The ERGO Baby Carrier, Inc., through a merger of Aloha Merger Sub with and into Ergobaby, with Ergobaby surviving the merger and becoming a wholly owned subsidiary of Acquirer (the “Ergobaby Merger”). On the same day, December 27, 2024, the parties completed the Ergobaby Merger pursuant to the Ergobaby Merger Agreement. The sale price of Ergobaby was based on an enterprise value of $104 million and was subject to certain adjustments based on matters such as transaction expenses of Ergobaby, the net working capital and cash and debt balances of Ergobaby at the time of the closing. The LLC owned approximately 82% of the outstanding stock of Ergobaby on a fully diluted basis prior to the Ergobaby Merger. After the allocation of the sales price to Ergobaby non-controlling equityholders and the payment of transaction expenses, the Company received approximately $99.1 million of total proceeds at closing. This amount was in respect of its debt and equity interests in Ergobaby (which was acquired by the Company on September 16, 2010) and the payment of accrued interest. The Company recorded a pre-tax gain on the sale of Ergobaby of $6.1 million in the fourth quarter of 2024. In the second quarter of 2025, the Company received a net working capital settlement of $2.8 million related to the sale of Ergobaby, which was recognized as additional gain on sale of discontinued operations in the accompanying condensed consolidated statement of operations. The proceeds from the Ergobaby sale were used to pay down outstanding debt under the Company’s Revolving Credit facility. Summarized results of operations of Ergobaby for the three and six months ended June 30, 2024 are as follows (in thousands):
|  | Three months ended June 30, 2024 |  | Six months ended June 30, 2024
Net sales |  | $ | 28,557 |  |  | $ | 49,775 |
Gross profit |  | 18,393 |  |  | 32,351 |
Operating income |  | 2,562 |  |  | 1,564 |
Income from operations before income taxes (1) |  | 2,562 |  |  | 1,569 |
Provision (benefit) for income taxes |  | 1,689 |  |  | 380 |
Income from discontinued operations (1) |  | $ | 873 |  |  | $ | 1,189 |
(1) The results of operations for the three and six months ended June 30, 2024, excludes $2.2 million and $4.3 million of intercompany interest expense, respectively.

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