Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

v3.23.2
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Information
Information related to net sales and Adjusted EBITDA for the Company’s operations are summarized below (in thousands):
Three Months Ended
June 30, 2023		 Three Months Ended
June 30, 2022		 Six Months Ended
June 30, 2023		 Six Months Ended
June 30, 2022
Net sales:
Fire safety $ 53,140  $ 66,577  $ 71,884  $ 85,047 
Specialty products 22,997  34,388  48,111  73,676 
Total $ 76,137  $ 100,965  $ 119,995  $ 158,723 
Adjusted EBITDA:
Fire safety $ 16,532  $ 24,219  $ 13,171  $ 20,885 
Specialty products 4,458  11,463  10,935  26,774 
Total segment Adjusted EBITDA 20,990  35,682  24,106  47,659 
Less:
Depreciation and amortization 16,130  16,715  32,217  33,086 
Interest and financing expense 10,344  12,142  20,490  22,638 
Founders advisory fees - related party (60,026) (20,465) (84,262) (80,313)
Non-recurring expenses 361  2,144  1,920  3,620 
Share-based compensation expense 1,195  3,433  (1,879) 8,396 
Non-cash purchase accounting impact —  18,016  —  24,138 
Loss (gain) on contingent earn-out 146  (9,398) 392  (9,398)
Unrealized foreign currency loss (gain) 93  3,156  (628) 4,036 
Income before income taxes $ 52,747  $ 9,939  $ 55,856  $ 41,456