Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

v3.22.2
SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Summary of Segment Information
Information related to net sales and Adjusted EBITDA for the Company’s operations are summarized below (in thousands):
Successor Predecessor Successor Predecessor
Three Months Ended
June 30, 2022
Three Months Ended
June 30, 2021
Six Months Ended
June 30, 2022
Six Months Ended
June 30, 2021
Net sales:
Fire safety $ 66,577  $ 57,161  $ 85,047  $ 64,811 
Specialty products 34,388  29,960  73,676  56,235 
Total $ 100,965  $ 87,121  $ 158,723  $ 121,046 
Adjusted EBITDA:
Fire safety $ 24,219  $ 23,478  $ 20,885  $ 18,832 
Specialty products 11,463  7,667  26,774  15,423 
Total segment Adjusted EBITDA 35,682  31,145  47,659  34,255 
Less:
Depreciation and amortization 16,715  15,235  33,086  30,381 
Interest and financing expense 12,142  8,040  22,638  15,891 
Founders advisory fees - related party (20,465) —  (80,313) — 
Non-recurring expenses 2,144  8,660  3,620  8,950 
Share-based compensation expense 6,741  —  12,465  — 
Non-cash purchase accounting impact 18,016  —  27,315  — 
(Gain) loss on contingent earn-out (9,398) 2,763  (9,398) 2,763 
Management fees —  313  —  625 
Contingent future payments —  625  —  1,250 
Unrealized foreign currency loss (gain) 3,156  (540) 4,036  2,258 
Income (loss) before income taxes $ 6,631  $ (3,951) $ 34,210  $ (27,863)