Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Sales      
Sales $ 286,020 $ 315,251 $ 265,971
Cost of goods sold 188,509 205,298 178,097
Gross profit 97,511 109,953 87,874
Operating expenses      
Selling, general and administrative 116,367 120,814 90,660
Restructuring charges 3,223    
Transaction costs 593 2,818 11,520
Contingent consideration (benefit) expense (1,565) 493 (1,605)
Impairment of goodwill and indefinite-lived intangible assets 0 92,311 0
Total operating expenses 118,618 216,436 100,575
Operating loss (21,107) (106,483) (12,701)
Other income (expense)      
Interest income (expense), net 67   (17)
Other, net 961 (1,035) (4,393)
Total other income (expense), net 1,028 (1,035) (4,410)
Loss before income tax (20,079) (107,518) (17,111)
Income tax benefit (4,291) (14,716) (19,234)
(Loss) income from continuing operations (15,788) (92,802) 2,123
Discontinued operations, net of tax 5,642 23,022 23,970
Net (loss) income (10,146) (69,780) 26,093
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustment 2,405 (12,387) (6,721)
Unrealized (loss) gain on hedging activities (134) (248) 1,171
Other comprehensive income (loss) 2,271 (12,635) (5,550)
Comprehensive (loss) income $ (7,875) $ (82,415) $ 20,543
(Loss) income from continuing operations per share:      
Basic $ (0.42) $ (2.49) $ 0.06
Diluted (0.42) (2.49) 0.06
Net (loss) income per share:      
Basic (0.27) (1.88) 0.79
Diluted $ (0.27) $ (1.88) $ 0.73
Weighted average shares outstanding:      
Basic 37,485 37,201 33,136
Diluted 37,485 37,201 35,686
Domestic sales      
Sales      
Sales $ 112,385 $ 132,818 $ 124,819
International sales      
Sales      
Sales $ 173,635 $ 182,433 $ 141,152