Definitive proxy statements

Pay vs Performance Disclosure

v3.26.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance Table
Year
​ ​
Summary
Compensation
Table Total for
PEO
($)
​ ​
Compensation
Actually Paid
to PEO
($)(1)
​ ​
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
($)
​ ​
Average
Compensation
Actually Paid
to Non-PEO
NEOs
($)(1)
​ ​
Value of Initial
Fixed $100
Investment
Based on:
​ ​
Net
Income
($)(4)
​ ​
Adjusted
EBITDA
($)(5)
​
​
Total
Shareholder
Return
($)(2)
​ ​
Peer Group
Shareholder
Return
($)(3)
​
2025
​ ​ ​ ​ 1,870,105 ​ ​ ​ ​ ​ 384,050 ​ ​ ​ ​ ​ 652,123 ​ ​ ​ ​ ​ 559,821 ​ ​ ​ ​ ​ 23.61 ​ ​ ​ ​ ​ 156.84 ​ ​ ​ ​ ​ (46,556) ​ ​ ​ ​ ​ 1,116 ​ ​
2024
​ ​ ​ ​ 3,042,662 ​ ​ ​ ​ ​ 245,518 ​ ​ ​ ​ ​ 1,342,089 ​ ​ ​ ​ ​ 1,023,408 ​ ​ ​ ​ ​ 30.87 ​ ​ ​ ​ ​ 134.28 ​ ​ ​ ​ ​ (88,437) ​ ​ ​ ​ ​ 6,875 ​ ​
2023
​ ​ ​ ​ 4,724,110 ​ ​ ​ ​ ​ 2,973,299 ​ ​ ​ ​ ​ 443,435 ​ ​ ​ ​ ​ 208,285 ​ ​ ​ ​ ​ 46.20 ​ ​ ​ ​ ​ 111.49 ​ ​ ​ ​ ​ (15,788) ​ ​ ​ ​ ​ 1,214 ​ ​
2022
​ ​ ​ ​ 8,314,008 ​ ​ ​ ​ ​ (17,349,302) ​ ​ ​ ​ ​ 1,662,173 ​ ​ ​ ​ ​ (3,273,967) ​ ​ ​ ​ ​ 51.74 ​ ​ ​ ​ ​ 86.07 ​ ​ ​ ​ ​ (69,780) ​ ​ ​ ​ ​ 62,959 ​ ​
2021
​ ​ ​ ​ 7,721,987 ​ ​ ​ ​ ​ 16,860,440 ​ ​ ​ ​ ​ 2,016,345 ​ ​ ​ ​ ​ 9,081,793 ​ ​ ​ ​ ​ 180.65 ​ ​ ​ ​ ​ 118.41 ​ ​ ​ ​ ​ 26,093 ​ ​ ​ ​ ​ 61,503 ​ ​
​
(1)
Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as computed in accordance with Item 402(v) of Regulation S-K, which includes the individuals indicated in the table below for each respective fiscal year. Amounts do not reflect the actual amount of compensation earned by or paid to the PEO or other NEOs during the applicable year. Each of Mr. Walbrecht’s and Mr. Kuehne’s employment with the Company were terminated on March 31, 2023 and August 31, 2023, respectively.
​
Year
​ ​
PEO
​ ​
Non-PEO NEOs
​
2025
​ ​ Warren B. Kanders ​ ​ Michael J. Yates ​
2024
​ ​ Warren B. Kanders ​ ​ Michael J. Yates ​
2023
​ ​ Warren B. Kanders ​ ​ John C. Walbrecht, Aaron J. Kuehne, and Michael J. Yates ​
2022
​ ​ Warren B. Kanders ​ ​ John C. Walbrecht, Aaron J. Kuehne, and Michael J. Yates ​
2021
​ ​ Warren B. Kanders ​ ​ John C. Walbrecht and Aaron J. Kuehne ​
Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:
​ ​ ​ ​ ​ ​
Starting
Amount:
​ ​
Deducted:
​ ​
Added:
​ ​
Added:
​ ​
Added
​ ​
Adjusted
Amount:
​
Year
​ ​
Named Executive
Officers
​ ​
Summary
Compensation
Table Total
​ ​
The grant date
fair value of all
stock awards
granted in the
applicable year,
as reported in
the Summary
Compensation
Table
​ ​
The fair value
as of the end of
the covered
fiscal year of all
stock awards
granted during
the covered
fiscal year
that were
outstanding and
unvested as of
the end of the
covered
fiscal year
​ ​
The change
(positive or
negative) as of
the end of the
covered fiscal
year (from the
end of the prior
fiscal year) in
fair value of any
stock awards
granted in any
prior fiscal
year that are
outstanding and
unvested as of
the end of the
covered
fiscal year
​ ​
The change
(positive or
negative) as of
the vesting date
(from the end
of the prior
fiscal year) in
fair value of
any stock
awards granted
in any prior
fiscal year for
which all vesting
conditions were
satisfied at the
end of or
during the
covered
fiscal year
​ ​
Compensation
Actually Paid
​
2025 ​ ​
PEO
​ ​ ​ ​ 1,870,105 ​ ​ ​ ​ ​ 853,000 ​ ​ ​ ​ ​ 502,850 ​ ​ ​ ​ ​ (1,040,205) ​ ​ ​ ​ ​ (95,700) ​ ​ ​ ​ ​ 384,050 ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 652,123 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (59,717) ​ ​ ​ ​ ​ (32,585) ​ ​ ​ ​ ​ 559,821 ​ ​
2024 ​ ​
PEO
​ ​ ​ ​ 3,042,662 ​ ​ ​ ​ ​ 1,532,250 ​ ​ ​ ​ ​ 737,900 ​ ​ ​ ​ ​ (1,919,962) ​ ​ ​ ​ ​ (82,832) ​ ​ ​ ​ ​ 245,518 ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 1,342,089 ​ ​ ​ ​ ​ 699,111 ​ ​ ​ ​ ​ 385,550 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (5,120) ​ ​ ​ ​ ​ 1,023,408 ​ ​
2023 ​ ​
PEO
​ ​ ​ ​ 4,724,110 ​ ​ ​ ​ ​ 4,045,819 ​ ​ ​ ​ ​ 2,509,095 ​ ​ ​ ​ ​ (379,217) ​ ​ ​ ​ ​ 165,131 ​ ​ ​ ​ ​ 2,973,299 ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 443,435 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (290,994) ​ ​ ​ ​ ​ 55,845 ​ ​ ​ ​ ​ 208,285 ​ ​
2022 ​ ​
PEO
​ ​ ​ ​ 8,314,008 ​ ​ ​ ​ ​ 7,686,720 ​ ​ ​ ​ ​ 1,532,741 ​ ​ ​ ​ ​ (15,549,564) ​ ​ ​ ​ ​ (3,959,767) ​ ​ ​ ​ ​ (17,349,302) ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 1,662,173 ​ ​ ​ ​ ​ 1,128,981 ​ ​ ​ ​ ​ 210,784 ​ ​ ​ ​ ​ (2,634,635) ​ ​ ​ ​ ​ (1,383,308) ​ ​ ​ ​ ​ (3,273,967) ​ ​
2021 ​ ​
PEO
​ ​ ​ ​ 7,721,987 ​ ​ ​ ​ ​ 7,230,085 ​ ​ ​ ​ ​ 9,656,730 ​ ​ ​ ​ ​ 4,306,153 ​ ​ ​ ​ ​ 2,405,655 ​ ​ ​ ​ ​ 16,860,440 ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 2,016,345 ​ ​ ​ ​ ​ 1,176,020 ​ ​ ​ ​ ​ 3,040,100 ​ ​ ​ ​ ​ 3,438,208 ​ ​ ​ ​ ​ 1,763,161 ​ ​ ​ ​ ​ 9,081,793 ​ ​
(2)
Cumulative Total Shareholder Return is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
​
(3)
Represents the peer group Total Shareholder Return of the companies included in the NASDAQ Global Select Market Composite and the Russell 2000 Index.
​
(4)
Represents the amount of net income reflected in the Company’s audited financial statements for the applicable year. On February 29, 2024, the Company completed the sale of the Company’s Precision Sport segment. The activities of the Precision Sport segment have been segregated and reported as discontinued operations for the years ended December 31, 2023 and December 31, 2024, and as a result are excluded from net income for the 2023 and 2024 fiscal years, respectively.
​
(5)
Adjusted EBITDA is a non-GAAP measure. We define “EBITDA” as earnings before interest, taxes, other income or expense, depreciation and amortization. We define “Adjusted EBITDA” as EBITDA further adjusted for the impact of certain noncash and other items that we do not consider in our evaluation of ongoing operating performance. These items include, among other things, transaction costs, contingent consideration, inventory fair value of purchase accounting, impairment of goodwill and indefinite-lived intangible assets, stock-based compensation, and other one-time items. For a reconciliation of Adjusted EBITDA to net income, the most directly comparable GAAP financial measure, see our press release announcing the Company’s results for the fourth quarter and year ended December 31, 2025, attached as Exhibit 99.1 to our Current Report on Form 8-K filed with the SEC on March 5, 2026. We selected Adjusted EBITDA as the Company-selected measure due to it being an important financial performance measure that helps link compensation actually paid to the Company’s
​
NEOs to the Company’s performance for the most recently completed fiscal year. In particular, Adjusted EBITDA is utilized by the Compensation Committee and the Board of Directors as part of their evaluation and consideration to award annual performance-based compensation to our NEOs. On February 29, 2024, the Company completed the sale of the Company’s Precision Sport segment. The activities of the Precision Sport segment have been segregated and reported as discontinued operations for the years ended December 31, 2023, and December 31, 2024, and as a result are excluded from Adjusted EBITDA for the 2023 and 2024 fiscal years, respectively.
       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote
(1)
Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as computed in accordance with Item 402(v) of Regulation S-K, which includes the individuals indicated in the table below for each respective fiscal year. Amounts do not reflect the actual amount of compensation earned by or paid to the PEO or other NEOs during the applicable year. Each of Mr. Walbrecht’s and Mr. Kuehne’s employment with the Company were terminated on March 31, 2023 and August 31, 2023, respectively.
​
Year
​ ​
PEO
​ ​
Non-PEO NEOs
​
2025
​ ​ Warren B. Kanders ​ ​ Michael J. Yates ​
2024
​ ​ Warren B. Kanders ​ ​ Michael J. Yates ​
2023
​ ​ Warren B. Kanders ​ ​ John C. Walbrecht, Aaron J. Kuehne, and Michael J. Yates ​
2022
​ ​ Warren B. Kanders ​ ​ John C. Walbrecht, Aaron J. Kuehne, and Michael J. Yates ​
2021
​ ​ Warren B. Kanders ​ ​ John C. Walbrecht and Aaron J. Kuehne ​
       
Peer Group Issuers, Footnote
(3)
Represents the peer group Total Shareholder Return of the companies included in the NASDAQ Global Select Market Composite and the Russell 2000 Index.
       
PEO Total Compensation Amount $ 1,870,105 $ 3,042,662 $ 4,724,110 $ 8,314,008 $ 7,721,987
PEO Actually Paid Compensation Amount $ 384,050 245,518 2,973,299 (17,349,302) 16,860,440
Adjustment To PEO Compensation, Footnote
(1)
Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as computed in accordance with Item 402(v) of Regulation S-K, which includes the individuals indicated in the table below for each respective fiscal year. Amounts do not reflect the actual amount of compensation earned by or paid to the PEO or other NEOs during the applicable year. Each of Mr. Walbrecht’s and Mr. Kuehne’s employment with the Company were terminated on March 31, 2023 and August 31, 2023, respectively.
Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:
​ ​ ​ ​ ​ ​
Starting
Amount:
​ ​
Deducted:
​ ​
Added:
​ ​
Added:
​ ​
Added
​ ​
Adjusted
Amount:
​
Year
​ ​
Named Executive
Officers
​ ​
Summary
Compensation
Table Total
​ ​
The grant date
fair value of all
stock awards
granted in the
applicable year,
as reported in
the Summary
Compensation
Table
​ ​
The fair value
as of the end of
the covered
fiscal year of all
stock awards
granted during
the covered
fiscal year
that were
outstanding and
unvested as of
the end of the
covered
fiscal year
​ ​
The change
(positive or
negative) as of
the end of the
covered fiscal
year (from the
end of the prior
fiscal year) in
fair value of any
stock awards
granted in any
prior fiscal
year that are
outstanding and
unvested as of
the end of the
covered
fiscal year
​ ​
The change
(positive or
negative) as of
the vesting date
(from the end
of the prior
fiscal year) in
fair value of
any stock
awards granted
in any prior
fiscal year for
which all vesting
conditions were
satisfied at the
end of or
during the
covered
fiscal year
​ ​
Compensation
Actually Paid
​
2025 ​ ​
PEO
​ ​ ​ ​ 1,870,105 ​ ​ ​ ​ ​ 853,000 ​ ​ ​ ​ ​ 502,850 ​ ​ ​ ​ ​ (1,040,205) ​ ​ ​ ​ ​ (95,700) ​ ​ ​ ​ ​ 384,050 ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 652,123 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (59,717) ​ ​ ​ ​ ​ (32,585) ​ ​ ​ ​ ​ 559,821 ​ ​
2024 ​ ​
PEO
​ ​ ​ ​ 3,042,662 ​ ​ ​ ​ ​ 1,532,250 ​ ​ ​ ​ ​ 737,900 ​ ​ ​ ​ ​ (1,919,962) ​ ​ ​ ​ ​ (82,832) ​ ​ ​ ​ ​ 245,518 ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 1,342,089 ​ ​ ​ ​ ​ 699,111 ​ ​ ​ ​ ​ 385,550 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (5,120) ​ ​ ​ ​ ​ 1,023,408 ​ ​
2023 ​ ​
PEO
​ ​ ​ ​ 4,724,110 ​ ​ ​ ​ ​ 4,045,819 ​ ​ ​ ​ ​ 2,509,095 ​ ​ ​ ​ ​ (379,217) ​ ​ ​ ​ ​ 165,131 ​ ​ ​ ​ ​ 2,973,299 ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 443,435 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (290,994) ​ ​ ​ ​ ​ 55,845 ​ ​ ​ ​ ​ 208,285 ​ ​
2022 ​ ​
PEO
​ ​ ​ ​ 8,314,008 ​ ​ ​ ​ ​ 7,686,720 ​ ​ ​ ​ ​ 1,532,741 ​ ​ ​ ​ ​ (15,549,564) ​ ​ ​ ​ ​ (3,959,767) ​ ​ ​ ​ ​ (17,349,302) ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 1,662,173 ​ ​ ​ ​ ​ 1,128,981 ​ ​ ​ ​ ​ 210,784 ​ ​ ​ ​ ​ (2,634,635) ​ ​ ​ ​ ​ (1,383,308) ​ ​ ​ ​ ​ (3,273,967) ​ ​
2021 ​ ​
PEO
​ ​ ​ ​ 7,721,987 ​ ​ ​ ​ ​ 7,230,085 ​ ​ ​ ​ ​ 9,656,730 ​ ​ ​ ​ ​ 4,306,153 ​ ​ ​ ​ ​ 2,405,655 ​ ​ ​ ​ ​ 16,860,440 ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 2,016,345 ​ ​ ​ ​ ​ 1,176,020 ​ ​ ​ ​ ​ 3,040,100 ​ ​ ​ ​ ​ 3,438,208 ​ ​ ​ ​ ​ 1,763,161 ​ ​ ​ ​ ​ 9,081,793 ​ ​
       
Non-PEO NEO Average Total Compensation Amount $ 652,123 1,342,089 443,435 1,662,173 2,016,345
Non-PEO NEO Average Compensation Actually Paid Amount $ 559,821 1,023,408 208,285 (3,273,967) 9,081,793
Adjustment to Non-PEO NEO Compensation Footnote
(1)
Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as computed in accordance with Item 402(v) of Regulation S-K, which includes the individuals indicated in the table below for each respective fiscal year. Amounts do not reflect the actual amount of compensation earned by or paid to the PEO or other NEOs during the applicable year. Each of Mr. Walbrecht’s and Mr. Kuehne’s employment with the Company were terminated on March 31, 2023 and August 31, 2023, respectively.
Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:
​ ​ ​ ​ ​ ​
Starting
Amount:
​ ​
Deducted:
​ ​
Added:
​ ​
Added:
​ ​
Added
​ ​
Adjusted
Amount:
​
Year
​ ​
Named Executive
Officers
​ ​
Summary
Compensation
Table Total
​ ​
The grant date
fair value of all
stock awards
granted in the
applicable year,
as reported in
the Summary
Compensation
Table
​ ​
The fair value
as of the end of
the covered
fiscal year of all
stock awards
granted during
the covered
fiscal year
that were
outstanding and
unvested as of
the end of the
covered
fiscal year
​ ​
The change
(positive or
negative) as of
the end of the
covered fiscal
year (from the
end of the prior
fiscal year) in
fair value of any
stock awards
granted in any
prior fiscal
year that are
outstanding and
unvested as of
the end of the
covered
fiscal year
​ ​
The change
(positive or
negative) as of
the vesting date
(from the end
of the prior
fiscal year) in
fair value of
any stock
awards granted
in any prior
fiscal year for
which all vesting
conditions were
satisfied at the
end of or
during the
covered
fiscal year
​ ​
Compensation
Actually Paid
​
2025 ​ ​
PEO
​ ​ ​ ​ 1,870,105 ​ ​ ​ ​ ​ 853,000 ​ ​ ​ ​ ​ 502,850 ​ ​ ​ ​ ​ (1,040,205) ​ ​ ​ ​ ​ (95,700) ​ ​ ​ ​ ​ 384,050 ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 652,123 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (59,717) ​ ​ ​ ​ ​ (32,585) ​ ​ ​ ​ ​ 559,821 ​ ​
2024 ​ ​
PEO
​ ​ ​ ​ 3,042,662 ​ ​ ​ ​ ​ 1,532,250 ​ ​ ​ ​ ​ 737,900 ​ ​ ​ ​ ​ (1,919,962) ​ ​ ​ ​ ​ (82,832) ​ ​ ​ ​ ​ 245,518 ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 1,342,089 ​ ​ ​ ​ ​ 699,111 ​ ​ ​ ​ ​ 385,550 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (5,120) ​ ​ ​ ​ ​ 1,023,408 ​ ​
2023 ​ ​
PEO
​ ​ ​ ​ 4,724,110 ​ ​ ​ ​ ​ 4,045,819 ​ ​ ​ ​ ​ 2,509,095 ​ ​ ​ ​ ​ (379,217) ​ ​ ​ ​ ​ 165,131 ​ ​ ​ ​ ​ 2,973,299 ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 443,435 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (290,994) ​ ​ ​ ​ ​ 55,845 ​ ​ ​ ​ ​ 208,285 ​ ​
2022 ​ ​
PEO
​ ​ ​ ​ 8,314,008 ​ ​ ​ ​ ​ 7,686,720 ​ ​ ​ ​ ​ 1,532,741 ​ ​ ​ ​ ​ (15,549,564) ​ ​ ​ ​ ​ (3,959,767) ​ ​ ​ ​ ​ (17,349,302) ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 1,662,173 ​ ​ ​ ​ ​ 1,128,981 ​ ​ ​ ​ ​ 210,784 ​ ​ ​ ​ ​ (2,634,635) ​ ​ ​ ​ ​ (1,383,308) ​ ​ ​ ​ ​ (3,273,967) ​ ​
2021 ​ ​
PEO
​ ​ ​ ​ 7,721,987 ​ ​ ​ ​ ​ 7,230,085 ​ ​ ​ ​ ​ 9,656,730 ​ ​ ​ ​ ​ 4,306,153 ​ ​ ​ ​ ​ 2,405,655 ​ ​ ​ ​ ​ 16,860,440 ​ ​
​ ​ ​
Non-PEO NEOs
​ ​ ​ ​ 2,016,345 ​ ​ ​ ​ ​ 1,176,020 ​ ​ ​ ​ ​ 3,040,100 ​ ​ ​ ​ ​ 3,438,208 ​ ​ ​ ​ ​ 1,763,161 ​ ​ ​ ​ ​ 9,081,793 ​ ​
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_peergrouptsr-4c.jpg]        
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-4c.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_adjebitda-4c.jpg]
       
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_peergrouptsr-4c.jpg]        
Tabular List, Table
The three items listed below represent the most important performance metrics we used to determine Compensation Actually Paid. We believe Adjusted EBITDA represents the most important financial performance measure used by us to link compensation actually paid to our NEOs for the fiscal year ended December 31, 2025.
•
Adjusted EBITDA
​
•
Total Shareholder Return (TSR)
​
•
Net Income
       
Total Shareholder Return Amount $ 23.61 30.87 46.2 51.74 180.65
Peer Group Total Shareholder Return Amount 156.84 134.28 111.49 86.07 118.41
Net Income (Loss) $ (46,556) $ (88,437) $ (15,788) $ (69,780) $ 26,093
Company Selected Measure Amount 1,116 6,875 1,214 62,959 61,503
PEO Name Warren B. Kanders        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description
(5)
Adjusted EBITDA is a non-GAAP measure. We define “EBITDA” as earnings before interest, taxes, other income or expense, depreciation and amortization. We define “Adjusted EBITDA” as EBITDA further adjusted for the impact of certain noncash and other items that we do not consider in our evaluation of ongoing operating performance. These items include, among other things, transaction costs, contingent consideration, inventory fair value of purchase accounting, impairment of goodwill and indefinite-lived intangible assets, stock-based compensation, and other one-time items. For a reconciliation of Adjusted EBITDA to net income, the most directly comparable GAAP financial measure, see our press release announcing the Company’s results for the fourth quarter and year ended December 31, 2025, attached as Exhibit 99.1 to our Current Report on Form 8-K filed with the SEC on March 5, 2026. We selected Adjusted EBITDA as the Company-selected measure due to it being an important financial performance measure that helps link compensation actually paid to the Company’s
NEOs to the Company’s performance for the most recently completed fiscal year. In particular, Adjusted EBITDA is utilized by the Compensation Committee and the Board of Directors as part of their evaluation and consideration to award annual performance-based compensation to our NEOs. On February 29, 2024, the Company completed the sale of the Company’s Precision Sport segment. The activities of the Precision Sport segment have been segregated and reported as discontinued operations for the years ended December 31, 2023, and December 31, 2024, and as a result are excluded from Adjusted EBITDA for the 2023 and 2024 fiscal years, respectively.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Total Shareholder Return (TSR)        
Measure:: 3          
Pay vs Performance Disclosure          
Name Net Income        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (853,000) $ (1,532,250) $ (4,045,819) $ (7,686,720) $ (7,230,085)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 502,850 737,900 2,509,095 1,532,741 9,656,730
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,040,205) (1,919,962) (379,217) (15,549,564) 4,306,153
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (95,700) (82,832) 165,131 (3,959,767) 2,405,655
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (699,111) (1,128,981) (1,176,020)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 385,550 210,784 3,040,100
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (59,717) (290,994) (2,634,635) 3,438,208
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (32,585) $ (5,120) $ 55,845 $ (1,383,308) $ 1,763,161