Financial Information for Segments |
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Three Months Ended |
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Six Months Ended |
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June 30, 2023 |
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June 30, 2022 |
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June 30, 2023 |
|
June 30, 2022 |
Sales to external customers: |
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Outdoor |
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|
|
|
|
|
|
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|
|
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Domestic sales |
|
$ |
21,869 |
|
$ |
27,293 |
|
$ |
43,434 |
|
$ |
52,922 |
International sales |
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|
18,198 |
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|
25,311 |
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|
49,408 |
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|
51,204 |
Total Outdoor |
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|
40,067 |
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|
52,604 |
|
|
92,842 |
|
|
104,126 |
Precision Sport |
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|
|
|
|
|
|
|
|
|
|
|
Domestic sales |
|
|
20,731 |
|
|
27,193 |
|
|
41,450 |
|
|
54,636 |
International sales |
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|
5,060 |
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|
7,994 |
|
|
11,447 |
|
|
13,669 |
Total Precision Sport |
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|
25,791 |
|
|
35,187 |
|
|
52,897 |
|
|
68,305 |
Adventure |
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|
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Domestic sales |
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|
4,056 |
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|
9,587 |
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|
6,688 |
|
|
18,822 |
International sales |
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|
13,814 |
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|
17,555 |
|
|
28,685 |
|
|
36,956 |
Total Adventure |
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|
17,870 |
|
|
27,142 |
|
|
35,373 |
|
|
55,778 |
Total sales to external customers |
|
|
83,728 |
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|
114,933 |
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|
181,112 |
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|
228,209 |
Segment operating (loss) income: |
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Outdoor |
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(1,224) |
|
|
1,471 |
|
|
266 |
|
|
3,359 |
Precision Sport |
|
|
5,263 |
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|
12,235 |
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|
12,488 |
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|
24,015 |
Adventure |
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|
(503) |
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|
644 |
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|
(1,651) |
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|
2,768 |
Total segment operating income |
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|
3,536 |
|
|
14,350 |
|
|
11,103 |
|
|
30,142 |
Restructuring charges |
|
|
736 |
|
|
— |
|
|
736 |
|
|
— |
Transaction costs |
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|
(59) |
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|
(821) |
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|
(133) |
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|
(2,022) |
Contingent consideration benefit (expense) |
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— |
|
|
374 |
|
|
1,565 |
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(389) |
Corporate and other expenses |
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|
(4,230) |
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(7,455) |
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(8,510) |
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(13,237) |
Interest expense, net |
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|
(2,857) |
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|
(1,728) |
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(5,603) |
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|
(2,844) |
(Loss) income before income tax |
|
$ |
(2,874) |
|
$ |
4,720 |
|
$ |
(842) |
|
$ |
11,650 |
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Total Assets by Segment |
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June 30, 2023 |
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December 31, 2022 |
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Outdoor |
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|
|
|
|
|
|
$ |
164,413 |
|
$ |
175,820 |
Precision Sport |
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|
|
|
|
|
|
|
138,728 |
|
|
144,224 |
Adventure |
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|
|
|
|
|
|
|
171,927 |
|
|
181,867 |
Corporate |
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|
|
|
|
|
|
|
22,928 |
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|
16,234 |
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|
|
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|
|
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$ |
497,996 |
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$ |
518,145 |
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Capital Expenditures, Depreciation and Amortization by Segment |
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Three Months Ended |
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Six Months Ended |
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|
June 30, 2023 |
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June 30, 2022 |
|
June 30, 2023 |
|
June 30, 2022 |
Capital expenditures: |
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Outdoor |
|
$ |
455 |
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$ |
1,089 |
|
$ |
778 |
|
$ |
2,325 |
Precision Sport |
|
|
667 |
|
|
772 |
|
|
1,406 |
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|
1,222 |
Adventure |
|
|
659 |
|
|
311 |
|
|
1,068 |
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|
525 |
Total capital expenditures |
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$ |
1,781 |
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$ |
2,172 |
|
$ |
3,252 |
|
$ |
4,072 |
Depreciation: |
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|
|
|
|
|
|
|
|
|
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Outdoor |
|
$ |
740 |
|
$ |
829 |
|
$ |
1,413 |
|
$ |
1,646 |
Precision Sport |
|
|
861 |
|
|
812 |
|
|
1,713 |
|
|
1,593 |
Adventure |
|
|
340 |
|
|
236 |
|
|
606 |
|
|
470 |
Total depreciation |
|
$ |
1,941 |
|
$ |
1,877 |
|
$ |
3,732 |
|
$ |
3,709 |
Amortization: |
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|
|
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|
Outdoor |
|
$ |
256 |
|
$ |
250 |
|
$ |
514 |
|
$ |
505 |
Precision Sport |
|
|
509 |
|
|
693 |
|
|
1,017 |
|
|
1,385 |
Adventure |
|
|
2,458 |
|
|
2,994 |
|
|
4,968 |
|
|
6,167 |
Total amortization |
|
$ |
3,223 |
|
$ |
3,937 |
|
$ |
6,499 |
|
$ |
8,057 |
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