OTHER

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Inventory

The components of inventory are as follows:


	December 31,
	2023		2022
	(in thousands)
Finished goods	$	180,860	$	213,450
Work in process	106		70
Raw materials	7,681		8,689
Total	$	188,647	$	222,209

Property and equipment

Property and equipment (including finance leases) consist of:


	December 31,
	2023		2022
	(in thousands)
Machinery, furniture and equipment	$	80,140	$	77,948
Leasehold improvements	38,962		37,834
Computer hardware and software	38,408		38,120
Building and improvements	960		764
Construction in progress	569		1,249
Land	100		100
Total	159,139		156,015
Less: accumulated depreciation and amortization	(142,169)		(137,993)
Total	$	16,970	$	18,022

Depreciation and amortization expense of property and equipment for the years ended December 31, 2023, 2022 and 2021 was $4.7 million, $5.0 million and $6.0 million, respectively.

Accrued expenses

Accrued expenses consist of:


	December 31,
	2023		2022
	(in thousands)
Customer allowances and rebates	$	29,162	$	31,281
Compensation and benefits	12,434		9,789
Vendor invoices	10,504		6,930
Freight	5,627		6,869
Wallace facility remediation	5,640		500
Royalties	5,104		2,408
Professional fees	2,284		2,743
Interest	1,740		136
Commissions	622		656
Other non-income tax liabilities	555		10,054
Restructuring	—		986

Other	4,684		5,250
Total	$	78,356	$	77,602

Other long-term liabilities

Other long-term liabilities consist of:


	December 31,
	2023		2022
	(in thousands)
Retirement benefit obligations	$	5,063	$	5,178
Wallace facility remediation	—		5,140
Other non-income tax liabilities	3,156		3,037
Unearned revenue	797		890
Contingent consideration	—		650


Other long-term obligations	110		100

Total	$	9,126	$	14,995

Supplemental disclosure of cash flow information


	Year Ended December 31,
	2023		2022		2021
			(in thousands)

Cash paid for interest	$	18,626	$	15,421	$	13,702
Cash paid for taxes, net of refunds	8,054		9,757		19,012
Non-cash investing and financing activities:

Translation loss recognized on change in Vasconia ownership	—		—		3,404
Non-cash gain on dilution of Vasconia ownership	—		—		(1,732)

Components of accumulated other comprehensive loss, net


	Year Ended December 31,
	2023		2022		2021
			(in thousands)
Accumulated translation adjustment:
Balance at beginning of year	$	(36,072)	$	(31,752)	$	(35,846)
Translation adjustment during period	3,458		(4,320)		690

Amount reclassified from accumulated other comprehensive loss (1)	—		—		3,404
Translation Adjustment	$	3,458	$	(4,320)	$	4,094
Balance at end of year	$	(32,614)	$	(36,072)	$	(31,752)
Accumulated deferred (losses) gains on cash flow hedges:
Balance at beginning of year	$	923	$	78	$	(1,125)
Change in unrealized (losses) gains	(527)		2,126		(311)
Amounts reclassified from accumulated other comprehensive loss: (2)
Settlement of cash flow hedges	(530)		(1,281)		1,514
Net change in cash flow hedges, net of taxes of $(30), $(190) and $(246)	$	(1,057)	$	845	$	1,203
Balance at end of year	$	(134)	$	923	$	78
Accumulated effect of retirement benefit obligations:
Balance at beginning of year	$	(705)	$	(1,875)	$	(2,201)
Net (loss) income arising from retirement benefit obligations, net of tax of $31, $(359) and $(64)	(93)		1,054		191
Amount reclassified from accumulated other comprehensive loss:(3)
Amortization of loss, net of tax of $(16), $(39) and $(45)	47		116		135
Net effects of retirement benefit obligations	$	(46)	$	1,170	$	326
Balance at end of year	$	(751)	$	(705)	$	(1,875)
Total accumulated other comprehensive loss at end of period	$	(33,499)	$	(35,854)	$	(33,549)

(1)Amount is recorded in equity in (losses) earnings on the consolidated statements of operations.

(2)Amounts are recorded in interest expense and cost of goods sold on the consolidated statements of operations.

(3)Amount is recorded in selling, general and administrative expenses on the consolidated statements of operations.