0001345126-24-000016 | 10-K | XBRL Viewer | Compass Diversified Holdings

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Goodwill and Other Intangible Assets Goodwill and Other Intangible Asset - Carrying Amount of Goodwill Reconciliation By Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2017	Dec. 31, 2021
Goodwill [Line Items]
Goodwill	$ 901,428	$ 991,007		$ 707,550
Goodwill, Acquired During Period		304,009
Goodwill impairment expense	(89,400)	(20,552)
5.11 Tactical
Goodwill [Line Items]
Goodwill	92,966	92,966		92,966
Goodwill, Acquired During Period	0	0
Goodwill impairment expense	0	0
Ergobaby
Goodwill [Line Items]
Goodwill	41,521	40,896		61,448
Goodwill, Acquired During Period		0
Goodwill impairment expense	0	(20,552)
Arnold
Goodwill [Line Items]
Goodwill	39,267	39,267		39,267
Goodwill, Acquired During Period	0	0
Goodwill impairment expense	0	0	$ 24,900
Sterno Products
Goodwill [Line Items]
Goodwill	55,336	55,336		$ 55,336
Goodwill, Acquired During Period	0	0
Goodwill impairment expense	$ 0	$ 0

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Fair Value Measurement - Reconciliations of Change in Carrying Value of Level 3 Supplemental Put Liability (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jul. 01, 2020
Fair Value Measurements Recurring \| Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements	$ (142)	$ 0
King's Camo
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	1,275	0
Polyfoam [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0	1,350
Polyfoam [Member] \| Arnold
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration			$ 1,400
King's Camo
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	$ 25	$ 300

Acquisition of Businesses - Additional Information (Detail) - USD ($) $ in Thousands								12 Months Ended
	Dec. 31, 2022	Jul. 12, 2022	Jul. 08, 2022	Dec. 31, 2021	Oct. 05, 2021	Sep. 03, 2021	Mar. 01, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Payment to acquire business								$ 3,907	$ 569,028	$ 356,851
Goodwill	$ 991,007			$ 707,550				901,428	991,007	707,550
Borrowings under credit facility								360,000	268,000	557,000
Goodwill, Acquired During Period									304,009
Lugano
Business Acquisition [Line Items]
Finite-lived intangible assets acquired						$ 82,454
Cash				1,433		1,433				1,433
Liabilities and noncontrolling interest				33,485		7,129				33,485
Purchase price, net						265,100
Payment to acquire business				256,000		256,000
Integration service fees						2,300
Goodwill				86,337		$ 158,780				86,337
Percentage of controlling interest in Arnold						60.00%
Business Combination, Acquisition Related Costs						$ 1,800
Purchase price				265,134		267,554
Working capital adjustment				7,700		10,000
Cash Acquired from Acquisition				1,434		1,554
Accounts receivable				20,954		20,954				20,954
Property, Plant, and Equipment				3,135		2,743				3,135
Intangible assets				82,454		0				82,454
Other current and noncurrent assets				9,093		4,979				9,093
Current liabilities				7,187		7,129				7,187
Other liabilities				3,175		0				3,175
Inventory				95,213		85,794				95,213
Borrowings under credit facility						$ 120,000
PrimaLoft
Business Acquisition [Line Items]
Finite-lived intangible assets acquired		$ 306,900
Cash	6,951	6,951							6,951
Liabilities and noncontrolling interest	71,521	60,493							71,521
Purchase price, net		541,100
Payment to acquire business	530,000	530,000
Integration service fees		4,800
Goodwill	290,347	$ 335,296						290,300	290,347
Percentage of controlling interest in Arnold		9.20%
Business Combination, Acquisition Related Costs		$ 5,700
Working capital adjustment	4,161	2,257
Cash Acquired from Acquisition	6,951	7,319
Accounts receivable	2,992	2,992							2,992
Property, Plant, and Equipment	1,058	1,058							1,058
Intangible assets	306,900	248,200							306,900
Other current and noncurrent assets	2,394	3,581							2,394
Current liabilities	7,785	8,865							7,785
Other liabilities	360	360							360
Inventory	1,991	1,991							1,991
Borrowings under credit facility		400,000
Goodwill, Acquired During Period									291,150
Initial Term and Revolving Loan Commitment		178,000
Velocity Outdoor [Member] \| King's Camo
Business Acquisition [Line Items]
Purchase price, net			$ 25,200
Contingent consideration			3,000
Business Combination, Acquisition Related Costs			200
Intangible assets			7,100
Borrowings under credit facility			25,700
Goodwill, Acquired During Period			$ 9,700
Altor \| Plymouth Foam
Business Acquisition [Line Items]
Purchase price, net					$ 56,000
Business Combination, Acquisition Related Costs					400
Intangible assets					20,100
Borrowings under credit facility					52,000
Goodwill, Acquired During Period					$ 15,500
Arnold \| Ramco
Business Acquisition [Line Items]
Purchase price, net							$ 34,300
Intangible assets							12,700
Goodwill, Acquired During Period							12,400
Business acquisition, payment through equity investment							$ 35,500
Ergobaby
Business Acquisition [Line Items]
Goodwill	$ 40,896			$ 61,448				$ 41,521	40,896	$ 61,448
Goodwill, Acquired During Period									$ 0
Noncontrolling Interest [Member] \| Lugano
Business Acquisition [Line Items]
Percentage of controlling interest in Arnold						40.00%
Trade name \| Lugano
Business Acquisition [Line Items]
Finite-lived intangible assets acquired						$ 48,433
Intangible assets, estimated useful life						18 years
Trade name \| PrimaLoft
Business Acquisition [Line Items]
Finite-lived intangible assets acquired		$ 48,200
Intangible assets, estimated useful life		20 years
Customer relationships \| Lugano
Business Acquisition [Line Items]
Finite-lived intangible assets acquired						$ 34,021
Intangible assets, estimated useful life						15 years
Customer relationships \| PrimaLoft
Business Acquisition [Line Items]
Finite-lived intangible assets acquired		$ 209,100
Intangible assets, estimated useful life		15 years
Technology-Based Intangible Assets [Member] \| PrimaLoft
Business Acquisition [Line Items]
Finite-lived intangible assets acquired		$ 49,100
Intangible assets, estimated useful life		11 years

Discontinued Operations

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Sale of Marucci

On November 1, 2023, the LLC, solely in its capacity as the representative of the holders of stock and options of Marucci, a majority owned subsidiary of the LLC, entered into a definitive Agreement and Plan of Merger with Fox Factory, Inc. (“Marucci Purchaser”), Marucci Merger Sub, Inc. (“Marucci Merger Sub”) and Wheelhouse, pursuant to which Marucci Purchaser agreed to acquire all of the issued and outstanding securities of Wheelhouse, the parent company of the operating entity, Marucci Sports, LLC, through a merger of Marucci Merger Sub with and into Wheelhouse, with Wheelhouse surviving the merger and becoming a wholly owned subsidiary of Marucci Purchaser. On November 14, 2023, the parties completed the Merger pursuant to the Agreement. The sale price of Wheelhouse was based on an enterprise value of $572 million, subject to certain adjustments based on matters such as transaction tax benefits, transaction expenses of Wheelhouse, the net working capital and cash and debt balances of Wheelhouse at the time of the closing. After the allocation of the sales price to Wheelhouse non-controlling equityholders and the payment of transaction expenses, CODI received approximately $484.0 million of total proceeds at closing of which $87.3 million related to the repayment of intercompany loans with the Company. We recorded a pre-tax gain on sale of Marucci of $241.4 million in the year ended December 31, 2023. The proceeds from the Marucci sale were used to pay down outstanding debt under the Company’s 2022 Credit Facility and, subsequent to year-end, to fund an acquisition by Company. Refer to Note S - Subsequent Event for a description of the acquisition.

Summarized results of operations of Marucci for the previous years through the date of disposition are as follows (in thousands):


	For the period January 1, 2023 through disposition		Year ended December 31, 2022		Year ended December 31, 2021
Net sales	$	167,898	$	165,411	$	118,166
Gross profit	94,891		83,628		64,377
Operating income	17,073		21,113		16,419
Income from operations before income taxes (1)	17,040		22,974		16,533
Provision (benefit) for income taxes	(2,467)		4,320		3,070
Income from discontinued operations (1)	$	19,507	$	18,654	$	13,463

(1) The results of operations for the periods from January 1, 2023 through disposition and the years ended December 31, 2022 and 2021, each exclude $8.9 million, $7.0 million and $3.1 million, respectively, of intercompany interest expense.

The following table presents summary balance sheet information of Marucci that is presented as discontinued operations as of December 31, 2022 (in thousands):


	December 31, 2022
Assets
Cash and cash equivalents	$	1,281
Accounts receivable, net	33,674
Inventories, net	47,538
Prepaid expenses and other current assets	1,500
Current assets of discontinued operations	$	83,993
Property, plant and equipment, net	14,023
Goodwill	75,719
Intangible assets, net	112,439
Other non-current assets	4,021
Non-current assets of discontinued operations	$	206,202

Liabilities
Accounts payable	$	7,462
Accrued expenses	8,790
Deferred revenue	3,112
Other current liabilities	1,259
Current liabilities of discontinued operations	$	20,623
Deferred income taxes	3,016
Other non-current liabilities	2,267
Non-current liabilities of discontinued operations	$	5,283
Noncontrolling interest of discontinued operations	$	20,045

Sale of Advanced Circuits

On January 10, 2023, the LLC, solely in its capacity as the representative of the holders of stock and options of Compass AC Holdings, Inc., a majority owned subsidiary of the LLC, entered into a definitive Agreement and Plan of Merger with APCT Inc. (“ACI Purchaser”), Circuit Merger Sub, Inc. (“ACI Merger Sub”) and Advanced Circuits, pursuant to which ACI Purchaser agreed to acquire all of the issued and outstanding securities of Advanced Circuits, the parent company of the operating entity, Advanced Circuits, Inc., through a merger of ACI Merger Sub with and into Advanced Circuits, with Advanced Circuits surviving the merger and becoming a wholly owned subsidiary of ACI Purchaser (the “ACI Merger”). The ACI Merger was completed on February 14, 2023. The sale price of Advanced Circuits was based on an enterprise value of $220 million, subject to certain adjustments based on matters such as the working capital and cash and debt balances of Advanced Circuits at the time of the closing. After the allocation of the sales price to Advanced Circuits non-controlling equity holders and the payment of transaction expenses, the Company received approximately $170.9 million of total proceeds at closing, of which $66.9 million related to the repayment of intercompany loans with the Company. We recorded a pre-tax gain on sale of $106.9 million on the sale of Advanced Circuits in the year ended December 31, 2023.

Summarized results of operations of ACI for the previous years through the date of disposition are as follows (in thousands):


	For the period January 1, 2023 through disposition		Year ended December 31, 2022		Year ended December 31, 2021
Net sales	$	8,829	$	89,503	$	90,487
Gross profit	3,663		41,064		41,049
Operating income	1,058		23,617		25,232
Income (loss) from operations before income taxes (1)	(2,464)		23,349		24,933
Provision (benefit) for income taxes	(1,073)		3,616		3,419
Income (loss) from discontinued operations (1)	$	(1,391)	$	19,733	$	21,514

(1) The results of operations for the periods from January 1, 2023 through disposition and the years ended December 31, 2022 and 2021, each exclude $1.4 million, $6.7 million and $7.2 million, respectively, of intercompany interest expense.

The following table presents summary balance sheet information of ACI that is presented as discontinued operations as of December 31, 2022 (in thousands):


	December 31, 2022
Assets
Cash and cash equivalents	$	3,391
Accounts receivable, net	10,044
Inventories, net	4,345
Prepaid expenses and other current assets	346
Current assets of discontinued operations	$	18,126
Property, plant and equipment, net	6,949
Goodwill	66,678
Other non-current assets	6,220
Non-current assets of discontinued operations	$	79,847

Liabilities
Accounts payable	$	3,810
Accrued expenses	5,570
Due to related party	250
Other current liabilities	1,518
Current liabilities of discontinued operations	$	11,148
Deferred income taxes	10,999
Other non-current liabilities	5,193
Non-current liabilities of discontinued operations	$	16,192
Noncontrolling interest of discontinued operations	$	1,533

Gain on sale of discontinued operations - income tax

Effective September 1, 2021, the Trust elected to be treated as a corporation for U.S. federal income tax purposes. Prior to the Effective Date, the Trust was treated as a partnership for U.S. federal income tax purposes and the Trust’s items of income, gain, loss and deduction flowed through from the Trust to the shareholders, and the Trust shareholders were subject to income taxes on their allocable share of the Trust’s income and gains. After the Effective Date, the Trust is taxed as a corporation and is subject to U.S. federal corporate income tax at the Trust level. The election to be treated as a corporation for U.S federal income tax purposes, resulted in an approximate $328 million gain to the Trust for U.S. federal income tax purposes. This taxable capital gain should result in a basis step-up for the Trust after the Election. This basis step-up should provide a tax benefit to the Trust, as it should increase the Trust’s basis in its subsidiaries as of September 1, 2021, which in turn should reduce future gains, if and when the Trust divests such subsidiaries. The Trust has filed for a Private Letter Ruling ("PLR"), with the Internal Revenue Service ("IRS") regarding the basis step-up and intends to reflect the basis step up on future tax returns unless the IRS disagrees with the Company's proposed treatment. Until the IRS issues a ruling on the PLR, the Company has concluded that a full reserve should be recorded for the stepped-up basis benefit and as a result, recorded an unrecognized tax benefit of $27.9 million that reduced the gain on sale of Advanced Circuits and Marucci. The gain recorded related to the sale of Advanced Circuits and Marucci in the year ending December 31, 2023 is subject to income tax expense. Prior to the sale of Marucci in the fourth quarter of 2023, the Trust had sufficient net operating losses to offset the gain on sale of Advanced Circuits and did not record income tax expense. The sale of Marucci and the resulting gain that was recorded, combined with the gain on Advanced Circuits, utilized all of the Trust's net operating losses and resulted in taxable income in the fourth quarter of 2023. The Trust recorded income tax expense of $37.4 million that reduced the gain on sale of discontinued operations. The pre-tax gain on sale of Advanced Circuits and Marucci totaled $348.4 million, and was reduced by the $37.4 million in income tax expense and the $27.9 million in unrecognized tax benefits, resulting in the $283.0 million recorded as gain on sale of discontinued operations in the statement of operations in the year ending December 31, 2023.

Sale of Liberty

On July 16, 2021, the LLC, as majority stockholder of Liberty Safe Holding Corporation and as Sellers Representative, entered into a definitive Stock Purchase Agreement (the “Liberty Purchase Agreement”) with Independence Buyer, Inc. (“Liberty Buyer”), Liberty and the other holders of stock and options of Liberty to sell to Liberty Buyer all of the issued and outstanding securities of Liberty, the parent company of the operating entity, Liberty Safe and Security Products, Inc.

On August 3, 2021, Liberty Buyer and the LLC, as Sellers Representative, entered into the Amendment to Stock Purchase Agreement (the “Liberty Amendment”) which amended the Liberty Purchase Agreement to, among other things, provide that, immediately prior to the closing, certain investors in Liberty will, instead of selling all of the shares of Liberty owned by them to Liberty Buyer, contribute a portion of such shares (the “Liberty Rollover Shares”) to an indirect parent company of Liberty Buyer in exchange for equity securities of such entity.

On August 3, 2021, Liberty Buyer completed the acquisition of all the issued and outstanding securities of Liberty (other than the Liberty Rollover Shares) pursuant to the Liberty Purchase Agreement and Liberty Amendment (the “Liberty Transaction”). The sale price of Liberty was based on an aggregate total enterprise value of $147.5 million, subject to customary adjustments. After the allocation of the sale proceeds to Liberty's non-controlling shareholders, the repayment of intercompany loans to the LLC (including accrued interest) of $26.5 million, and the payment of transaction expenses of approximately $4.5 million, the LLC received approximately $128.0 million of total proceeds from the sale at closing. The LLC recognized a gain on the sale of Liberty of $72.8 million during the year ended December 31, 2021. In 2022, the LLC received an income tax refund of approximately $0.9 million related to Liberty which was recognized as gain on sale of discontinued operations, net of taxes, in the accompanying consolidated statement of operations.

Summarized results of operations of Liberty for the previous years through the date of disposition are as follows (in thousands):


	For the period January 1, 2021 through disposition
Net sales	$	75,753
Gross profit	20,129
Operating income	9,175
Income from continuing operations before income taxes (1)	9,174
Provision for income taxes	1,509
Income from discontinued operations (1)	$	7,665

(1) The results of operations for the period from January 1, 2021 through disposition, excludes $1.7 million of intercompany interest expense.

Sale of Clean Earth

On May 8, 2019, the LLC, as majority stockholder of CEHI Acquisition Corporation ("Clean Earth" or CEHI") and as Sellers’ Representative, entered into a definitive Stock Purchase Agreement (the “Clean Earth Purchase Agreement”) with Calrissian Holdings, LLC (“Clean Earth Buyer”), CEHI, the other holders of stock and options of CEHI and, as Clean Earth Buyer’s guarantor, Harsco Corporation, pursuant to which Clean Earth Buyer would acquire all of the issued and outstanding securities of CEHI, the parent company of the operating entity, Clean Earth, Inc. The LLC recognized a gain on the sale of Clean Earth of $209.3 million during the year ended December 31, 2019. In 2022, the LLC received an income tax refund of approximately $8.5 million related to Clean Earth which was recognized as gain on sale of discontinued operations, net of taxes, in the accompanying consolidated statement of operations.

Summary of Significant Accounting Policies - Summary of Ranges of Useful Lives (Detail)	Dec. 31, 2023
Building and Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful life for property, plant and equipment, in years	6 years
Building and Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful life for property, plant and equipment, in years	40 years
Machinery and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful life for property, plant and equipment, in years	2 years
Machinery and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful life for property, plant and equipment, in years	18 years
Office furniture, computers and software \| Minimum
Property, Plant and Equipment [Line Items]
Useful life for property, plant and equipment, in years	2 years
Office furniture, computers and software \| Maximum
Property, Plant and Equipment [Line Items]
Useful life for property, plant and equipment, in years	8 years

Noncontrolling Interest - Company's Ownership Percentage of its Majority Owned Operating Segments and Related Noncontrolling Interest (Detail) - USD ($)
$ in Thousands

12 Months Ended

Oct. 26, 2023

Jul. 27, 2023

Apr. 27, 2023

Jan. 26, 2023

Oct. 27, 2022

Jul. 28, 2022

Apr. 28, 2022

Jan. 20, 2022

Oct. 22, 2021

Sep. 07, 2021

Aug. 03, 2021

Jul. 22, 2021

Apr. 22, 2021

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Feb. 01, 2022

Noncontrolling Interest [Line Items]

Noncontrolling interest

$ 192,631

$ 203,464

Distribution To Shareholders

$ 17,955

$ 17,974

$ 17,987

$ 18,051

$ 17,931

$ 17,510

$ 17,352

$ 23,742

$ 57,112

$ 23,364

Payments Of Distributions To Shareholders

$ 57,100

71,967

70,845

$ 150,946

Share-based Payment Arrangement, Expense

10,700

12,000

$ 9,800

5.11 Tactical

Noncontrolling Interest [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 55,000

Noncontrolling interest

$ 15,350

$ 17,186

5.11 Tactical | Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

97.20%

97.70%

97.60%

5.11 Tactical | Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

88.90%

88.30%

88.40%

Ergobaby

Noncontrolling Interest [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 61,500

Noncontrolling interest

$ 16,756

$ 16,020

Ergobaby | Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

81.60%

81.70%

Ergobaby | Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

72.80%

72.70%

Sterno Candle Lamp

Noncontrolling Interest [Line Items]

Noncontrolling interest

$ 2,117

$ 2,046

Sterno Candle Lamp | Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

99.40%

100.00%

Sterno Candle Lamp | Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

87.60%

90.70%

87.10%

Allocation Interests [Member]

Noncontrolling Interest [Line Items]

Noncontrolling interest

$ 100

Boa

Noncontrolling Interest [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

165,900

Noncontrolling interest

$ 8,316

$ 36,215

Boa | Primary

Noncontrolling Interest [Line Items]

% Ownership

91.80%

Boa | Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

83.20%

83.50%

83.80%

Arnold

Noncontrolling Interest [Line Items]

Noncontrolling interest

$ 1,707

$ 1,475

Arnold | Primary

Noncontrolling Interest [Line Items]

% Ownership

98.00%

Arnold | Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

85.50%

Lugano

Noncontrolling Interest [Line Items]

Noncontrolling interest

$ 105,425

$ 82,967

Lugano | Primary

Noncontrolling Interest [Line Items]

% Ownership

59.90%

^[1]

59.90%

Lugano | Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

55.50%

^[1]

55.20%

58.10%

Velocity Outdoor

Noncontrolling Interest [Line Items]

Noncontrolling interest

$ 6,770

$ 6,115

Velocity Outdoor | Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

99.40%

99.30%

Velocity Outdoor | Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

87.70%

87.60%

Altor

Noncontrolling Interest [Line Items]

Noncontrolling interest

$ 5,354

$ 5,077

Altor | Primary

Noncontrolling Interest [Line Items]

% Ownership

99.30%

99.80%

100.00%

Altor | Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

89.80%

88.20%

91.20%

PrimaLoft

Noncontrolling Interest [Line Items]

Noncontrolling interest

$ 30,736

$ 36,263

PrimaLoft | Primary

Noncontrolling Interest [Line Items]

% Ownership

90.70%

PrimaLoft | Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

83.10%

83.70%

[1]	The principal difference between primary and fully diluted percentages of our operating segments is due to stock option issuances of operating segment stock to management of the respective business.

Income Taxes - Components of the Company's pretax income (loss) before taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Domestic (including U.S. exports)	$ (54,649)	$ 3,966	$ 11,266
Foreign subsidiaries	37,244	36,785	15,397
Income Before Income Taxes	$ (17,405)	$ 40,751	$ 26,663

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 25
-Paragraph 1
-SubTopic 20
-Topic 940
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481913/940-20-25-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Discontinued Operations - Summary of Disposition of Operating Results (Detail) - USD ($) $ in Thousands					7 Months Ended	10 Months Ended	12 Months Ended
	Nov. 01, 2023	Jan. 10, 2023	Jan. 10, 2023	Aug. 03, 2021	Aug. 03, 2021	Nov. 01, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from continuing operations before income taxes							$ 300,967	$ 43,096	$ 110,094
Proceeds from Divestiture of Businesses and Interests in Affiliates							500,305	9,393	101,039
Impairment expense							$ 89,400	20,552	0
Marucci
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Total enterprise value	$ 572,000					$ 572,000
Disposal Group, repayment of intercompany loans	87,300					87,300
Disposal Group, Including Discontinued Operation, Intercompany Interest Expense Excluded from Income (Loss) from Discontinued Operations			$ 1,400			8,900		7,000	3,100
Net sales						167,898		165,411	118,166
Gross profit						94,891		83,628	64,377
Operating income						17,073		21,113	16,419
Income from continuing operations before income taxes						17,040		22,974	16,533
Provision for income taxes						(2,467)		4,320	3,070
Income from discontinued operations						$ 19,507		18,654	13,463
Proceeds from Divestiture of Businesses and Interests in Affiliates	$ 484,000
Aci [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Total enterprise value		$ 220,000	220,000
Disposal Group, repayment of intercompany loans		66,900	66,900
Disposal Group, Including Discontinued Operation, Intercompany Interest Expense Excluded from Income (Loss) from Discontinued Operations								6,700	7,200
Net sales			8,829					89,503	90,487
Gross profit			3,663					41,064	41,049
Operating income			1,058					23,617	25,232
Income from continuing operations before income taxes			(2,464)					23,349	24,933
Provision for income taxes			(1,073)					3,616	3,419
Income from discontinued operations			$ (1,391)					$ 19,733	$ 21,514
Proceeds from Divestiture of Businesses and Interests in Affiliates		$ 170,900
Lugano
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Total enterprise value				$ 147,500	$ 147,500
Disposal Group, repayment of intercompany loans				26,500	26,500
Disposal Group, Including Discontinued Operation, Intercompany Interest Expense Excluded from Income (Loss) from Discontinued Operations					1,700
Net sales					75,753
Gross profit					20,129
Operating income					9,175
Income from continuing operations before income taxes					9,174
Provision for income taxes					1,509
Income from discontinued operations					$ 7,665
disposal group, including discontinued operation, transaction costs				4,500
Proceeds from Divestiture of Businesses and Interests in Affiliates				$ 128,000

Defined Benefit Plan - Summary of Expected Foreign Plan Benefit Payments (Detail) $ in Thousands	Dec. 31, 2023 USD ($)
Retirement Benefits [Abstract]
2020	$ 595
2021	624
2022	782
2023	1,088
2024	812
Thereafter	4,262
Total	$ 8,163

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 1,216	$ 1,254	$ 1,334
Additions for current years’ tax positions	28,325	91	31
Additions for prior years’ tax positions (1)	33	15	15
Reductions for prior years’ tax positions	(184)	(71)	(63)
Reductions for expiration of statute of limitations	(68)	(73)	(63)
Ending balance	$ 29,322	$ 1,216	$ 1,254

Goodwill and Other Intangible Assets - Summary of Other Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Document Period End Date	Dec. 31, 2023
Finite-Lived Intangible Assets, Gross	$ 1,357,426	$ 1,353,288
Total accumulated amortization	(490,986)	(395,256)
Finite-Lived Intangible Assets, Net	866,440	958,032
Trade names, not subject to amortization	56,965	56,965
Finite lived in-process research and development	500	500
Intangible Assets, Gross (Excluding Goodwill)	1,414,891	1,410,753
Intangible assets, net	923,905	1,015,497
Amortization expense	95,820	84,689	$ 73,675
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	772,423	770,982
Total accumulated amortization	(294,628)	(237,500)
Finite-Lived Intangible Assets, Net	$ 477,795	533,482
Weighted average useful lives	14 years
Technology and patents
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 202,898	200,820
Total accumulated amortization	(66,035)	(51,169)
Finite-Lived Intangible Assets, Net	$ 136,863	149,651
Weighted average useful lives	12 years
Trade names, subject to amortization
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 375,507	374,888
Total accumulated amortization	(124,648)	(101,577)
Finite-Lived Intangible Assets, Net	$ 250,859	273,311
Weighted average useful lives	17 years
Licensing and non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 4,638	4,638
Total accumulated amortization	(4,082)	(3,825)
Finite-Lived Intangible Assets, Net	$ 556	813
Weighted average useful lives	5 years
Distributor relations and other
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 1,960	1,960
Total accumulated amortization	(1,593)	(1,185)
Finite-Lived Intangible Assets, Net	$ 367	$ 775
Weighted average useful lives	4 years

Commitments and Contingencies

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Leases

The Company and its subsidiaries lease office and manufacturing facilities, computer equipment and software under various operating arrangements. Certain of the leases are subject to escalation clauses and renewal periods. The Company and its subsidiaries recognize lease expense, including predetermined fixed escalations, on a straight-line basis over the initial term of the lease including reasonably assured renewal periods from the time that the Company and its subsidiaries control the leased property. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term. Certain of our subsidiaries have leases that contain both fixed rent costs and variable rent costs based on achievement of certain operating metrics. The variable lease expense was not a material component of our total lease expense for the years ending December 31, 2023, 2022 or 2021.

The maturities of lease liabilities at December 31, 2023 under operating leases having an initial or remaining non-cancelable term of one year or more are as follows (in thousands):


2024	$	44,194
2025	42,585
2026	41,606
2027	37,121
2028	29,645
Thereafter	76,417
Total undiscounted lease payments	$	271,568
Less: Interest	68,754
Present value of lease liabilities	$	202,814

The Company’s rent expense for the fiscal years ended December 31, 2023, 2022 and 2021 totaled $50.8 million, $42.5 million and $34.6 million, respectively.

The calculated amount of the right-of-use assets and lease liabilities in the table above are impacted by the length of the lease term and discount rate used to present value the minimum lease payments. The Company's lease agreements often include one or more options to renew at the company's discretion. In general, it is not reasonably certain that lease renewals will be exercised at lease commencement and therefore lease renewals are not included in the lease term. As the discount rate is rarely determinable, the Company utilizes the incremental borrowing rate of the subsidiary entering into the lease arrangement, on a collateralized basis, over a similar term as adjusted for any country specific risk.

The weighted average remaining lease terms and discount rates for all of our operating leases were as follows:


Lease Term and Discount Rate	December 31, 2023		December 31, 2022
Weighted-average remaining lease term (years)	6.76		6.48
Weighted-average discount rate	8.50	%	7.76	%

Supplemental balance sheet information related to leases was as follows (in thousands):


	Line Item in the Company’s Consolidated Balance Sheet	December 31, 2023		December 31, 2022

Operating lease right-of-use assets	Other non-current assets	$	177,581	$	144,010
Current portion, operating lease liabilities	Other current liabilities	$	29,228	$	27,206
Operating lease liabilities	Other non-current liabilities	$	173,586	$	137,279

Supplemental cash flow information related to leases was as follows (in thousands):


	Year ended December 31, 2023		Year ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	40,294	$	36,851
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	61,860	$	57,366

Legal Proceedings

In the normal course of business, the Company and its subsidiaries are involved in various claims and legal proceedings. While the ultimate resolution of these matters has yet to be determined, the Company does not believe that any unfavorable outcomes will have a material adverse effect on the Company’s consolidated financial position or results of operations.

Operating Segment Data - Summary of Accounts Receivable of Operating Segment (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting, Asset Reconciling Item [Line Items]
Allowance for doubtful accounts	$ (13,851)	$ (17,970)
Total consolidated net accounts receivable	$ 318,241	$ 297,722

Goodwill and Other Intangible Assets - Summary of Reconciliation of Change in Carrying Value of Goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	12 Months Ended			48 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2017	Dec. 31, 2023
Balance as of January 1, 2014
Goodwill				$ 991,007	$ 707,550
Goodwill, Acquired During Period					304,009
Accumulated impairment losses	$ (167,697)		$ (78,297)	(167,697)	(78,297)		$ (167,697)
Goodwill	901,428		991,007	901,428	991,007		901,428
Goodwill, Purchase Accounting Adjustments				(179)
Goodwill impairment expense				(89,400)	(20,552)
5.11 Tactical
Balance as of January 1, 2014
Goodwill				92,966	92,966
Goodwill, Acquired During Period				0	0
Goodwill	92,966		92,966	92,966	92,966		92,966
Goodwill impairment expense				0	$ 0
Ergobaby
Acquired Finite-Lived Intangible Assets [Line Items]
Impairment Assessment Assumptions Weighted Average Cost Of Capital					16.00%
Balance as of January 1, 2014
Goodwill				40,896	$ 61,448
Goodwill, Acquired During Period					0
Goodwill	41,521		40,896	41,521	40,896		41,521
Goodwill, Purchase Accounting Adjustments				625
Goodwill impairment expense				0	(20,552)
Arnold
Balance as of January 1, 2014
Goodwill				39,267	39,267
Goodwill, Acquired During Period				0	0
Goodwill	39,267		39,267	39,267	39,267		39,267
Goodwill impairment expense				0	0	$ 24,900
Sterno Products
Balance as of January 1, 2014
Goodwill				55,336	55,336
Goodwill, Acquired During Period				0	0
Goodwill	55,336		55,336	55,336	55,336		55,336
Goodwill impairment expense				0	0
Boa
Balance as of January 1, 2014
Goodwill				254,153	254,153
Goodwill, Acquired During Period				0	0
Goodwill	254,153		254,153	254,153	254,153		254,153
Goodwill impairment expense				0	0
Lugano
Balance as of January 1, 2014
Goodwill				86,337	83,458
Goodwill, Acquired During Period				0	2,879
Goodwill	86,337		86,337	86,337	86,337		86,337
Goodwill impairment expense				0	0
Altor
Balance as of January 1, 2014
Goodwill				91,129	90,843
Goodwill, Acquired During Period				0	286
Goodwill	91,129		91,129	91,129	91,129		91,129
Goodwill impairment expense				$ 0	0
Velocity Outdoor
Acquired Finite-Lived Intangible Assets [Line Items]
Impairment Assessment Assumptions Weighted Average Cost Of Capital		17.00%		15.00%
Balance as of January 1, 2014
Goodwill				$ 39,773	30,079
Goodwill, Acquired During Period				0	9,694
Goodwill	8,183		39,773	8,183	39,773		8,183
Goodwill impairment expense		$ 32,600		$ (31,590)	0		64,500
PrimaLoft
Acquired Finite-Lived Intangible Assets [Line Items]
Impairment Assessment Assumptions Weighted Average Cost Of Capital				11.30%
Balance as of January 1, 2014
Goodwill				$ 291,150	0
Goodwill	232,536		291,150	232,536	291,150		232,536
Goodwill impairment expense	56,800			(57,810)	0
PrimaLoft
Balance as of January 1, 2014
Goodwill			335,296	290,347
Goodwill, Acquired During Period					291,150
Goodwill	$ 290,300		$ 290,347	290,300	$ 290,347		$ 290,300
Goodwill, Purchase Accounting Adjustments				$ (804)

Income Taxes - Reconciliation Between Federal Statutory Rate and Effective Income Tax Rate (Detail)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Income Tax Disclosure [Abstract]

United States Federal Statutory Rate

21.00%

State income taxes (net of Federal benefits)

(17.80%)

8.50%

6.50%

Effective Income Tax Rate Reconciliation, Deduction, Dividend, Percent

(51.00%)

7.70%

0.00%

Foreign income taxes

(25.90%)

5.80%

13.30%

Expenses of Compass Group Diversified Holdings, LLC representing a pass through to shareholders

^[1]

0.00%

56.60%

Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Percent

20.40%

1.40%

(0.40%)

Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent

0.20%

1.30%

1.00%

Impairment expense

(90.10%)

2.20%

0.00%

Non-recognition of various carryforwards at subsidiaries

2.00%

35.90%

(3.70%)

Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Percent

(8.30%)

1.10%

(3.90%)

Utilization of tax credits

29.70%

(19.00%)

(8.40%)

Effect of classification of assets held for sale

0.00%

21.10%

(27.30%)

Other

(2.80%)

4.00%

2.80%

Effective income tax rate

(122.60%)

91.00%

57.50%

[1]	The effective income tax rate for the year 2021 includes a loss at the Company’s parent, which was taxed as a partnership through August 31, 2021. Beginning September 1, 2021, the Company's parent is taxed as a corporation.

Acquisition of Businesses Acquisition - Schedule of Intangible Assets Recorded as Part of Acquisition (Details) - USD ($) $ in Thousands			12 Months Ended
	Jul. 12, 2022	Sep. 03, 2021	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill			$ 991,007	$ 901,428	$ 707,550
Goodwill, Acquired During Period			304,009
Lugano
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired		$ 82,454
Goodwill		158,780			$ 86,337
Lugano \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired		$ 34,021
Intangible assets, estimated useful life		15 years
Lugano \| Trade name
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired		$ 48,433
Intangible assets, estimated useful life		18 years
PrimaLoft
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 306,900
Goodwill	335,296		290,347	$ 290,300
Goodwill, Acquired During Period			$ 291,150
PrimaLoft \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 209,100
Intangible assets, estimated useful life	15 years
PrimaLoft \| Trade name
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 48,200
Intangible assets, estimated useful life	20 years
PrimaLoft \| Technology-Based Intangible Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 49,100
Intangible assets, estimated useful life	11 years
PrimaLoft \| In Process Research and Development
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired	$ 500

Consolidated Balance Sheets - USD ($) $ in Thousands	12 Months Ended
Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 450,477	$ 56,599
Accounts receivable, net	318,241	297,722
Inventories, net	740,387	680,545
Prepaid expenses and other current assets	94,715	73,200
Total current assets	1,603,820	1,210,185
Property, plant and equipment, net	192,562	184,501
Goodwill	901,428	991,007
Intangible assets, net	923,905	1,015,497
Total assets	3,816,981	3,849,631
Current liabilities:
Accounts payable	93,412	82,942
Accrued expenses	157,456	184,338
Other current liabilities	35,465	35,286
Total current liabilities	312,358	359,832
Deferred income taxes	120,131	142,627
Long-term debt	1,661,879	1,824,468
Other non-current liabilities	203,232	139,267
Total liabilities	$ 2,297,600	$ 2,487,669
Class of Stock [Line Items]
Document Period End Date	Dec. 31, 2023
Preferred Stock, Shares Outstanding	12,600,000	12,600,000
Preferred Stock, Shares Issued	12,600,000	12,600,000
Trust shares, par value (in dollars per share)	$ 0
Trust shares, issued (in shares)	75,753,000	72,203,000
Trust shares, authorized (in shares)	500,000,000
Treasury Stock, Common, Value	$ (9,339)	$ 0
Preferred Stock, Shares Authorized	50,000,000
Trust shares, outstanding (in shares)	75,270,000	72,203,000
Prepaid expenses and other current assets	$ 94,715	$ 73,200
Current assets of discontinued operations	0	102,119
Deferred Revenue	7,350	7,093
Due to related parties	16,025	15,495
Long-term Debt, Current Maturities	10,000	10,000
Other Assets	195,266	162,392
Disposal Group, Including Discontinued Operation, Assets, Noncurrent, Total	0	286,049
Current liabilities of discontinued operations	0	31,771
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	0	21,475
Noncontrolling interest	192,631	203,464
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations	0	21,578
Trust common shares, no par value, 500,000 authorized; 75,753 shares issued and 75,270 shares outstanding at December 31, 2023 and 72,203 shares issued and outstanding at December 31, 2022	1,281,303	1,207,044
Accumulated other comprehensive income (loss)	111	(1,136)
Accumulated deficit	(249,243)	(372,906)
Total stockholders’ equity attributable to Holdings	1,326,750	1,136,920
Noncontrolling interest	192,631	203,464
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations	0	21,578
Total stockholders’ equity	1,519,381	1,361,962
Total liabilities and stockholders’ equity	$ 3,816,981	$ 3,849,631
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Outstanding	4,000,000	4,000,000
Preferred Stock, No Par Value	$ 0
Preferred Stock, Shares Issued	4,000,000	4,000,000
Preferred Stock, Value, Issued	$ 96,417	$ 96,417
Preferred Stock, Value, Issued	$ 96,417	$ 96,417
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Outstanding	4,000,000	4,000,000
Preferred Stock, No Par Value	$ 0
Preferred Stock, Shares Issued	4,000,000	4,000,000
Preferred Stock, Value, Issued	$ 96,504	$ 96,504
Preferred Stock, Value, Issued	$ 96,504	$ 96,504
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Outstanding	4,600,000	4,600,000
Preferred Stock, No Par Value	$ 0
Preferred Stock, Shares Issued	4,600,000	4,600,000
Preferred Stock, Value, Issued	$ 110,997	$ 110,997
Preferred Stock, Value, Issued	$ 110,997	$ 110,997

Operating Segment Data Operating Segment Data - Accounts Receivable and Identifiable Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts Receivable, after Allowance for Credit Loss	$ 318,241	$ 297,722
Identifiable Assets, Total, Including Other Identifiable Assets	2,597,312	2,560,902
Amortization of Debt Issuance Costs	4,038	3,740	$ 2,979
Identifiable assets of segments	2,192,990	2,153,537
Accounts Receivable, Allowance for Credit Loss	9,161	10,700
Corporate
Segment Reporting, Asset Reconciling Item [Line Items]
Amortization of Debt Issuance Costs	4,038	3,740	$ 2,896
Other Identifiable Assets	404,322	19,197
5.11 Tactical
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts Receivable, before Allowance for Credit Loss	50,452	53,589
Identifiable assets of segments	398,050	450,537
Ergobaby
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts Receivable, before Allowance for Credit Loss	12,018	11,213
Identifiable assets of segments	73,660	84,657
Lugano
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets of segments	510,484	327,795
Arnold
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts Receivable, before Allowance for Credit Loss	25,977	23,666
Identifiable assets of segments	110,883	105,196
Sterno Products
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts Receivable, before Allowance for Credit Loss	51,740	54,400
Identifiable assets of segments	174,166	210,780
Boa
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts Receivable, before Allowance for Credit Loss	1,368	1,630
Identifiable assets of segments	243,243	240,359
Lugano
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts Receivable, before Allowance for Credit Loss	124,776	85,911
Altor
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts Receivable, before Allowance for Credit Loss	35,232	42,368
Identifiable assets of segments	186,683	198,943
Velocity Outdoor
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts Receivable, before Allowance for Credit Loss	24,458	33,159
Identifiable assets of segments	207,609	224,356
PrimaLoft
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts Receivable, before Allowance for Credit Loss	1,381	2,486
Identifiable assets of segments	$ 288,212	$ 310,914

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Components of the Company's income (loss) before taxes are as follows:


	Year ended December 31,
(in thousands)	2023		2022		2021

Domestic (including U.S. exports)	$	(54,649)	$	3,966	$	11,266
Foreign subsidiaries	37,244		36,785		15,397
	$	(17,405)	$	40,751	$	26,663

Components of the Company's Income Tax Provision (Benefit)

Components of the Company’s income tax provision are as follows:


	Year ended December 31,
(in thousands)	2023		2022		2021

Current taxes
Federal	$	25,727	$	22,189	$	17,760
State	5,458		5,526		3,835
Foreign	11,853		11,889		5,234
Total current taxes	43,038		39,604		26,829
Deferred taxes:
Federal	(20,974)		(3,079)		(11,277)
State	(798)		2,834		(1,823)
Foreign	65		(2,266)		1,538
Total deferred taxes	(21,707)		(2,511)		(11,562)
Total tax provision	$	21,331	$	37,093	$	15,267

Summary of Deferred Tax Assets and Deferred Tax Liabilities

The tax effects of temporary differences that have resulted in the creation of deferred tax assets and deferred tax liabilities at December 31, 2023 and 2022 are as follows:


	December 31,
(in thousands)	2023		2022

Deferred tax assets:
Tax credits	$	8,552	$	9,958
Accounts receivable and allowances	1,181		1,658
Net operating loss carryforwards	10,574		27,095
Accrued expenses	6,685		7,722
Interest expense limitation carryforwards	19,386		7,419
Lease liabilities	46,226		39,026
Inventory	9,226		9,406
Stock based compensation	5,976		6,048
Capitalized research & development expenses	5,695		3,232
Other	4,039		3,763
Total deferred tax assets	$	117,540	$	115,327
Valuation allowance (1)	(10,510)		(21,104)
Net deferred tax assets	$	107,030	$	94,223
Deferred tax liabilities:
Intangible assets	$	(162,771)	$	(178,224)
Property and equipment	(23,273)		(23,551)
Repatriation of foreign earnings	(38)		(38)
Prepaid and other expenses	(842)		(863)
Right of use assets	(40,237)		(34,174)
Total deferred tax liabilities	$	(227,161)	$	(236,850)
Total net deferred tax liability	$	(120,131)	$	(142,627)

(1)Primarily relates to the Trust and 5.11, Arnold, Ergo and Velocity operating segments.

Reconciliation Between Federal Statutory Rate and Effective Income Tax Rate

The reconciliation between the Federal Statutory Rate and the effective income tax rate for 2023, 2022 and 2021 are as follows:


	Year ended December 31,
	2023		2022		2021
United States Federal Statutory Rate	21.0	%	21.0	%	21.0	%
State income taxes (net of Federal benefits)	(17.8)		8.5		6.5
Foreign income taxes	(25.9)		5.8		13.3
Expenses of Compass Group Diversified Holdings LLC representing a pass through to shareholders (1)	—		—		56.6
Impact of subsidiary employee stock options	20.4		1.4		(0.4)
Non-deductible acquisition costs	0.2		1.3		1.0
Impairment expense	(90.1)		2.2		—
Non-recognition of various carryforwards at subsidiaries	2.0		35.9		(3.7)
United States tax on foreign income	(8.3)		1.1		(3.9)
Dividend (net of dividend received deduction)	(51.0)		7.7		—
Utilization of tax credits	29.7		(19.0)		(8.4)
Effect of classification of assets held for sale	—		21.1		(27.3)
Other	(2.8)		4.0		2.8
Effective income tax rate	(122.6)	%	91.0	%	57.5	%

(1)The effective income tax rate for the year 2021 includes a loss at the Company’s parent, which was taxed as a partnership through August 31, 2021. Beginning September 1, 2021, the Company's parent is taxed as a corporation.

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the amount of unrecognized tax benefits for 2023, 2022 and 2021 are as follows (in thousands):


Balance at January 1, 2021	$	1,334
Additions for current years’ tax positions	31
Additions for prior years’ tax positions	15
Reductions for prior years’ tax positions	(63)
Reductions for expiration of statute of limitations	$	(63)
Balance at December 31, 2021	$	1,254
Additions for current years’ tax positions	91
Additions for prior years’ tax positions	15
Reductions for prior years' tax positions	(71)
Reductions for expiration of statute of limitations	(73)
Balance at December 31, 2022	$	1,216
Additions for current years’ tax positions	28,325
Additions for prior years’ tax positions	33
Reductions for prior years' tax positions	(184)
Reductions for expiration of statute of limitations	(68)
Balance at December 31, 2023	$	29,322

The unrecognized tax benefits are recorded in the consolidated balance sheet in other noncurrent liabilities.

Defined Benefit Plan - Summary of Net Periodic Benefit Cost (Detail) - Pension Plan - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Service cost	$ 369	$ 432	$ 422
Interest cost	257	42	38
Expected return on plan assets	(184)	(73)	(73)
Defined Benefit Plan, Amortization of Gain (Loss)	(37)	(27)	(12)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement	1	40	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment	0	0	(111)
Net periodic benefit cost	404	334	486
Defined Benefit Plan Disclosure [Line Items]
Service cost	369	432	422
Interest cost	257	42	38
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	184	73	73
Defined Benefit Plan, Amortization of Gain (Loss)	37	27	12
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	404	334	486
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement	1	40	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment	$ 0	$ 0	$ (111)

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 566,989	$ 521,065	$ 486,889	$ 483,933	$ 529,682	$ 533,066	$ 487,961	$ 458,421	$ 2,058,876	$ 2,009,130	$ 1,723,502
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									1,594,719	1,560,228	1,359,561
Europe
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									170,964	188,672	159,819
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									168,601	148,367	102,421
Other International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									62,693	62,655	59,354
MEXICO
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									61,899	49,208	42,347
5.11 Tactical
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									533,089	486,213	444,963
5.11 Tactical \| UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									423,750	384,911	363,017
5.11 Tactical \| Europe
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									34,018	34,389	27,393
5.11 Tactical \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									17,313	16,677	15,715
5.11 Tactical \| Other International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									31,290	31,126	23,473
5.11 Tactical \| MEXICO
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									26,718	19,110	15,365
Ergobaby
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									93,859	88,435	93,631
Ergobaby \| UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									35,083	32,207	33,319
Ergobaby \| Europe
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									27,351	28,210	31,411
Ergobaby \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									24,012	22,903	24,891
Ergobaby \| Other International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									7,342	5,039	3,956
Ergobaby \| MEXICO
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									71	76	54
Velocity Outdoor
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									172,190	232,238	270,426
Velocity Outdoor \| UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									156,853	208,215	243,347
Velocity Outdoor \| Europe
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									4,393	7,557	8,546
Velocity Outdoor \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									617	1,301	1,328
Velocity Outdoor \| Other International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									9,186	13,862	16,131
Velocity Outdoor \| MEXICO
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									1,141	1,303	1,074
Arnold
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									166,679	153,815	139,941
Arnold \| UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									115,625	105,899	96,944
Arnold \| Europe
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									39,173	38,602	33,828
Arnold \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									6,388	6,490	6,086
Arnold \| Other International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									5,080	2,368	2,612
Arnold \| MEXICO
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									413	456	471
Sterno Products
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									323,830	352,152	375,127
Sterno Products \| UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									312,239	340,510	361,586
Sterno Products \| Europe
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									3,354	2,746	1,071
Sterno Products \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									10	86	281
Sterno Products \| Other International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									8,226	8,795	12,178
Sterno Products \| MEXICO
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									1	15	11
Boa
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									155,825	208,688	165,150
Boa \| UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									41,036	61,719	52,804
Boa \| Europe
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									56,073	66,273	57,570
Boa \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									58,139	79,848	53,735
Boa \| Other International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									555	836	1,004
Boa \| MEXICO
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									22	12	37
Altor
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									238,030	261,338	180,217
Altor \| UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									204,598	233,158	154,882
Altor \| Europe
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	0
Altor \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	0
Altor \| Other International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	0
Altor \| MEXICO
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									33,432	28,180	25,335
Lugano
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									308,321	201,507	54,047
Lugano \| UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									304,761	192,026	53,662
Lugano \| Europe
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									3,102	9,014	0
Lugano \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									73	439	385
Lugano \| Other International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									385	28	0
Lugano \| MEXICO
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									0	0	$ 0
PrimaLoft
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									67,053	24,744
PrimaLoft \| UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									774	1,583
PrimaLoft \| Europe
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									3,500	1,881
PrimaLoft \| Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									62,049	20,623
PrimaLoft \| Other International [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									629	601
PrimaLoft \| MEXICO
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax									$ 101	$ 56

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill [Line Items]

Summary of Goodwill


	Balance at January 1, 2023		Acquisitions/Measurement Period Adjustments (1)		Goodwill Impairment		Balance at December 31, 2023
5.11	$	92,966	$	—	$	—	$	92,966
BOA	254,153		—		—		254,153
Ergobaby	40,896		625		—		41,521
Lugano	86,337		—		—		86,337
PrimaLoft	291,150		(804)		(57,810)		232,536
Velocity Outdoor	39,773		—		(31,590)		8,183
Altor Solutions	91,129		—		—		91,129
Arnold	39,267		—		—		39,267
Sterno	55,336		—		—		55,336

Total	$	991,007	$	(179)	$	(89,400)	$	901,428

(1) Acquisition of businesses during the year ended December 31, 2023 includes an add-on acquisition at Ergobaby.


	Balance at January 1, 2022		Acquisitions/Measurement Period Adjustments (1)		Goodwill Impairment		Balance at December 31, 2022
5.11	$	92,966	$	—	$	—	$	92,966
BOA	254,153		—		—		254,153
Ergobaby	61,448		—		(20,552)		40,896
Lugano	83,458		2,879		—		86,337
PrimaLoft	—		291,150		—		291,150
Velocity Outdoor	30,079		9,694		—		39,773
Altor Solutions	90,843		286		—		91,129
Arnold	39,267		—		—		39,267
Sterno	55,336		—		—		55,336

Total	$	707,550	$	304,009	$	(20,552)	$	991,007

(1) Acquisition of businesses during the year ended December 31, 2022 includes the acquisition of PrimaLoft by the Company, and an add-on acquisition at Velocity.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Discontinued Operations - Additional Information (Detail) - USD ($) $ in Thousands						3 Months Ended			7 Months Ended	10 Months Ended	12 Months Ended
	Nov. 01, 2023	Jan. 10, 2023	Jan. 10, 2023	Sep. 01, 2021	Aug. 03, 2021	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Aug. 03, 2021	Nov. 01, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses and Interests in Affiliates											$ 500,305	$ 9,393	$ 101,039
Gain on sale of discontinued operations, net of income tax											283,025	9,393	72,770
Current assets of discontinued operations						$ 0					0	102,119
Disposal Group, Including Discontinued Operation, Assets, Noncurrent, Total						0					0	286,049
Current liabilities of discontinued operations						0					0	31,771
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent						0					0	21,475
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations						0					0	21,578
Unrecognized Tax Benefits, Discontinued Operations						27,900					27,900
Gain on Election to be treated as Corporation - US Federal Tax				$ 328,000
Lugano
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Total enterprise value					$ 147,500				$ 147,500
Disposal Group, repayment of intercompany loans					26,500				26,500
disposal group, including discontinued operation, transaction costs					4,500
Proceeds from Divestiture of Businesses and Interests in Affiliates					$ 128,000
Gain on sale of discontinued operations, net of income tax												900	72,800
Provision for income taxes									$ 1,509
Clean Earth
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of discontinued operations, net of income tax												8,500		$ 209,300
Marucci
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Total enterprise value	$ 572,000									$ 572,000
Disposal Group, repayment of intercompany loans	87,300									87,300
Proceeds from Divestiture of Businesses and Interests in Affiliates	$ 484,000
Cash												1,281
Accounts receivable, net												33,674
Disposal Group, Including Discontinued Operation, Inventory												47,538
Prepaid expenses and other current assets												1,500
Current assets of discontinued operations												83,993
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment												14,023
Disposal Group, Including Discontinued Operation, Goodwill												75,719
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent												4,021
Disposal Group, Including Discontinued Operation, Assets, Noncurrent, Total												206,202
Disposal Group, Including Discontinued Operation, Accounts Payable, Current												7,462
Disposal Group, Including Discontinued Operation, Accrued Liabilities, Current												8,790
Disposal Group, Including Discontinued Operation, Other Liabilities, Current												1,259
Current liabilities of discontinued operations												20,623
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities												3,016
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent												2,267
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent												5,283
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations												20,045
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax						241,400					241,400
Provision for income taxes										$ (2,467)		4,320	3,070
Aci [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Total enterprise value		$ 220,000	$ 220,000
Disposal Group, repayment of intercompany loans		66,900	66,900
Proceeds from Divestiture of Businesses and Interests in Affiliates			$ 170,900
Cash												3,391
Accounts receivable, net												10,044
Disposal Group, Including Discontinued Operation, Inventory												4,345
Prepaid expenses and other current assets												346
Current assets of discontinued operations												18,126
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment												6,949
Disposal Group, Including Discontinued Operation, Goodwill												66,678
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent												6,220
Disposal Group, Including Discontinued Operation, Assets, Noncurrent, Total												79,847
Disposal Group, Including Discontinued Operation, Accounts Payable, Current												3,810
Disposal Group, Including Discontinued Operation, Accrued Liabilities, Current												5,570
Disposal Group, Including Discontinued Operation, Other Liabilities, Current												1,518
Current liabilities of discontinued operations												11,148
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities												10,999
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent												5,193
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent												16,192
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations												1,533
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax							$ 2,100	$ 98,000			106,900
Provision for income taxes		$ (1,073)										$ 3,616	$ 3,419
Marucci and ACI
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax											$ 348,400
Provision for income taxes						$ 37,400

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Trust Common Shares	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Non Controlling Interest Of Discontinued Operations [Member]	Treasury Stock, Common	Lugano	Lugano Non Controlling Interest Of Discontinued Operations [Member]	Ergobaby	Marucci	Marucci Non Controlling Interest Of Discontinued Operations [Member]	Boa	Lugano	Lugano Noncontrolling Interest [Member]	Aci [Member]	Aci [Member] Non Controlling Interest Of Discontinued Operations [Member]	PrimaLoft	PrimaLoft Noncontrolling Interest [Member]	Trust Common Shares	Trust Common Shares Trust Common Shares	Trust Common Shares Retained Earnings [Member]	Trust Common Shares Parent [Member]	Preferred Class A [Member] Preferred Stock [Member]	Series A Preferred Stock [Member]	Preferred Stock [Member]	Preferred Stock [Member] Retained Earnings [Member]	Preferred Stock [Member] Parent [Member]	Preferred Class B [Member] Preferred Stock [Member]	Series C Preferred Stock [Member]	Series C Preferred Stock [Member] Preferred Stock [Member]	Series B Preferred Stock [Member]
Stockholders' Equity Attributable to Noncontrolling Interest						$ 112,077	$ 8,047
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent		$ 1,008,564	$ (211,002)	$ (1,456)	$ 1,100,024			$ 0
Beginning balance (in shares) at Dec. 31, 2020																										96,417					110,997		96,504
Beginning balance at Dec. 31, 2020	$ 1,220,148
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	126,809
Total comprehensive income (loss), net	428			428	428
Option activity attributable to noncontrolling shareholders	11,454					9,840
Option activity attributable to noncontrolling interest, discontinued ops							1,614
Issuance of Trust common shares, net of offering costs	114,629				114,629
Issuance of Trust shares, net of offering costs (in shares)																					114,629
Effect of subsidiary stock option exercise	4,351					4,281	70
Effect of FOX IPO proceeds			(8,632)		(8,632)
Proceeds from noncontrolling interest holders															$ 68,300	$ 68,300
Noncontrolling Interest, Decrease from Deconsolidation									$ (4,375)	$ (4,375)
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	(50,640)					(42,008)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(1,275)					(1,275)
Noncontrolling Interest, Increase from Subsidiary Equity Issuance	3,886						3,886
Distribution to Allocation Interest holders (refer to Note N)	(34,100)
Distributions paid																					$ (150,946)		$ (150,946)	$ (150,946)			$ (24,181)	$ (24,181)	$ (24,181)
Distribution Expense, Allocation Interests	(34,058)		(34,058)
Ending balance at Dec. 31, 2021	1,284,530																								$ 96,417					$ 96,504		$ 110,997
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to Holdings	114,552		114,552		114,552
Less: Net income attributable to noncontrolling interests	12,257					6,938	5,319
Stockholders' Equity Attributable to Noncontrolling Interest						158,153	14,561
Stockholders' Equity Attributable to Parent		$ 1,123,193	(314,267)	(1,028)	1,111,816			0
Net income	51,438
Total comprehensive income (loss), net	(108)			(108)	(108)
Option activity attributable to noncontrolling shareholders	13,951					11,998
Option activity attributable to noncontrolling interest, discontinued ops							1,953
Issuance of Trust common shares, net of offering costs	83,851				83,851																										$ 111,000
Issuance of Trust shares, net of offering costs (in shares)		83,851
Effect of subsidiary stock option exercise	1,312					932	380
Effect of FOX IPO proceeds	(1,957)					(1,957)
Proceeds from noncontrolling interest holders																			$ 35,263	$ 35,263
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(11,292)					(11,292)
Distributions paid																					(70,845)		(70,845)	(70,845)			(24,181)	(24,181)	(24,181)
Distribution Expense, Allocation Interests	0
Ending balance at Dec. 31, 2022	1,361,962																								96,417					96,504		110,997
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to Holdings	36,387		36,387		36,387
Less: Net income attributable to noncontrolling interests	15,051					10,367	4,684
Stockholders' Equity Attributable to Noncontrolling Interest	$ 203,464					203,464	21,578				$ 16,020			$ 36,215	82,967				36,263
Preferred Stock, Value, Issued																										$ 96,417					$ 110,997		$ 96,504
Preferred Stock, Shares Issued	12,600																									4,000					4,600		4,000
Preferred Stock, Shares Outstanding	12,600																									4,000					4,600		4,000
Stockholders' Equity Attributable to Parent	$ 1,136,920	$ 1,207,044	(372,906)	(1,136)	1,136,920			0
Net income	262,405
Total comprehensive income (loss), net				1,247	1,247
Other Comprehensive Income (Loss), before Tax	1,247
Option activity attributable to noncontrolling shareholders	17,049					10,665	6,384
Issuance of Trust common shares, net of offering costs	74,259				74,259
Issuance of Trust shares, net of offering costs (in shares)																						74,259
Stock Repurchased During Period, Value	(9,339)				(9,339)			(9,339)
Effect of subsidiary stock option exercise	15,599					15,599
Effect of FOX IPO proceeds	(41,297)					(41,297)
Proceeds from noncontrolling interest holders												$ 4,155	$ 4,155
Noncontrolling Interest, Decrease from Deconsolidation												$ (30,562)	$ (30,562)				$ (1,729)	$ (1,729)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(11,745)					(11,745)
Distribution to Allocation Interest holders (refer to Note N)	(26,500)
Distributions paid																					$ (71,967)		$ (71,967)	$ (71,967)			$ (24,181)	$ (24,181)	$ (24,181)
Distribution Expense, Allocation Interests	(26,475)		(26,475)
Ending balance at Dec. 31, 2023	1,519,381																								$ 96,417					$ 96,504		$ 110,997
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to Holdings	246,286		246,286		246,286
Less: Net income attributable to noncontrolling interests	16,119					15,945	174
Stockholders' Equity Attributable to Noncontrolling Interest	$ 192,631					$ 192,631	$ 0				$ 16,756			$ 8,316	$ 105,425				$ 30,736
Preferred Stock, Value, Issued																										$ 96,417					$ 110,997		$ 96,504
Preferred Stock, No Par Value																										$ 0					$ 0		$ 0
Preferred Stock, Shares Issued	12,600																									4,000					4,600		4,000
Preferred Stock, Shares Outstanding	12,600																									4,000					4,600		4,000
Stockholders' Equity Attributable to Parent	$ 1,326,750	$ 1,281,303	$ (249,243)	$ 111	$ 1,326,750			$ (9,339)

Unaudited Quarterly Financial Data (Tables)

3 Months Ended

Mar. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

Summary of Unaudited Quarterly Financial Data

The following table presents the unaudited quarterly financial data. This information has been prepared on a basis consistent with that of the audited consolidated financial statements and all necessary material adjustments, consisting of normal recurring accruals and adjustments, have been included to present fairly the unaudited quarterly financial data. The quarterly results of operations for these periods are not necessarily indicative of future

results of operations. Typically, the first quarter of each fiscal year has the lower results than the remainder of the year, representing the Company's weakest quarter due to seasonality at our businesses. The per share calculations for each of the quarters are based on the weighted average number of shares for each period using the two class method, which requires companies to allocate participating securities that have rights to earnings that otherwise would have been available only to common shareholders as a separate class of securities in calculating earnings per share; therefore, the sum of the quarters will not equal to the full year per share amount.


(in thousands)	December 31, 2023 (1) (2) (3)		September 30, 2023 (1) (2)		June 30, 2023 (1)		March 31, 2023 (1)
Total revenues	$	566,989	$	521,065	$	486,889	$	483,933
Gross profit	246,307		225,311		216,641		205,064
Operating income (loss)	(3,974)		17,373		42,113		34,557
Income (loss) from continuing operations	(38,970)		(19,705)		6,553		(2,559)
Income from discontinued operations	(3,123)		8,277		2,821		9,967
Gain on sale of discontinued operations, net of tax	179,530		1,274		4,232		97,989
Net income (loss) attributable to Holdings	$	137,437	$	(10,154)	$	13,606	$	105,397

Basic and fully diluted income (loss) per share attributable to Holdings:
Continuing operations	$	(0.74)	$	(0.45)	$	(0.44)	$	(0.18)
Discontinued operations	2.44		0.12		0.09		1.47
Basic and fully diluted income (loss) per share attributable to Holdings	$	1.70	$	(0.33)	$	(0.35)	$	1.29

(1) The Company sold its ACI operating segment in the first quarter of 2023, recording a gain on sale of $98.0 million, net of an income tax provision of $6.8 million. The Company recorded an additional gain on sale of $2.1 million in the second quarter of 2023 related to the working capital settlement, and in the third quarter of 2023 adjusted the income tax provision to $3.4 million, reflecting the loss at the LLC during the year ended December 31, 2023. All prior periods are presented as discontinued operations.

(2) The Company recorded goodwill impairment of $32.6 million in the third quarter of 2023 and $56.8 million in the fourth quarter of 2023. Refer to "Note H - Goodwill and Intangible Assets" for further description.

(3) The Company sold its Marucci operating segment in the fourth quarter of 2023, recording a pre-tax gain on sale of $241.4 million. We recorded an income tax provision related to the gain on sale of both Marucci and ACI of $65.3 million, which includes a uncertain tax position reserve of $27.9 million. Refer to Note L - Income Taxes for a description of the reserve. All prior periods are presented as discontinued operations.


(in thousands)	December 31, 2022 (1)(2)		September 30, 2022 (1)		June 30, 2022		March 31, 2022
Total revenues	$	529,682	$	533,066	$	487,961	$	458,421
Gross profit	201,748		204,690		199,145		177,469
Operating income	6,291		36,083		51,747		36,717
Income (loss) from continuing operations	(24,013)		(12,348)		23,352		6,300
Income from discontinued operations	9,545		9,095		3,594		11,469
Gain (loss) on sale of discontinued operations, net of tax	2,500		1,479		(579)		5,993
Net income (loss) attributable to Holdings	$	(11,968)	$	(1,774)	$	26,367	$	23,762

Basic and fully diluted income (loss) per share attributable to Holdings:
Continuing operations	$	(0.49)	$	(0.34)	$	0.15	$	(0.09)
Discontinued operations	0.15		0.13		0.02		0.23
Basic and fully diluted income (loss) per share attributable to Holdings	$	(0.34)	$	(0.21)	$	0.17	$	0.14

(1) The quarters ended September 30, 2022 and December 31, 2022 includes the operating results from PrimaLoft, which the Company acquired on July 12, 2022.

(2) The Company recorded goodwill impairment of $20.6 million in the fourth quarter of 2022 related to the Ergobaby operating segment.

Unaudited Quarterly Financial Data

3 Months Ended

Mar. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

Unaudited Quarterly Financial Data


(in thousands)	December 31, 2023 (1) (2) (3)		September 30, 2023 (1) (2)		June 30, 2023 (1)		March 31, 2023 (1)
Total revenues	$	566,989	$	521,065	$	486,889	$	483,933
Gross profit	246,307		225,311		216,641		205,064
Operating income (loss)	(3,974)		17,373		42,113		34,557
Income (loss) from continuing operations	(38,970)		(19,705)		6,553		(2,559)
Income from discontinued operations	(3,123)		8,277		2,821		9,967
Gain on sale of discontinued operations, net of tax	179,530		1,274		4,232		97,989
Net income (loss) attributable to Holdings	$	137,437	$	(10,154)	$	13,606	$	105,397

Basic and fully diluted income (loss) per share attributable to Holdings:
Continuing operations	$	(0.74)	$	(0.45)	$	(0.44)	$	(0.18)
Discontinued operations	2.44		0.12		0.09		1.47
Basic and fully diluted income (loss) per share attributable to Holdings	$	1.70	$	(0.33)	$	(0.35)	$	1.29


(in thousands)	December 31, 2022 (1)(2)		September 30, 2022 (1)		June 30, 2022		March 31, 2022
Total revenues	$	529,682	$	533,066	$	487,961	$	458,421
Gross profit	201,748		204,690		199,145		177,469
Operating income	6,291		36,083		51,747		36,717
Income (loss) from continuing operations	(24,013)		(12,348)		23,352		6,300
Income from discontinued operations	9,545		9,095		3,594		11,469
Gain (loss) on sale of discontinued operations, net of tax	2,500		1,479		(579)		5,993
Net income (loss) attributable to Holdings	$	(11,968)	$	(1,774)	$	26,367	$	23,762

Basic and fully diluted income (loss) per share attributable to Holdings:
Continuing operations	$	(0.49)	$	(0.34)	$	0.15	$	(0.09)
Discontinued operations	0.15		0.13		0.02		0.23
Basic and fully diluted income (loss) per share attributable to Holdings	$	(0.34)	$	(0.21)	$	0.17	$	0.14

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 262,405	$ 51,438	$ 126,809
Income from continuing operations before income taxes	18,116	38,387	42,643
Gain on sale of discontinued operations	283,025	9,393	72,770
Income (loss) from continuing operations	(38,736)	3,658	11,396
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation expense	46,547	40,030	35,455
Amortization of debt issuance costs	4,038	3,740	2,896
Impairment expense	89,400	20,552	0
Loss on debt extinguishment	0	534	33,305
Noncontrolling stockholder stock based compensation	10,665	11,998	9,840
Provision for receivable and inventory reserves	(34)	(472)	5,600
Deferred taxes	(21,707)	(2,511)	(11,770)
Other	1,572	2,238	22
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	(21,849)	(42,925)	(19,921)
Inventories	(58,269)	(158,416)	(94,552)
Other current and non-current assets	(1,080)	(12,078)	(6,663)
Accounts payable and accrued expenses	(72,112)	(11,168)	52,971
Net cash provided by (used in) operating activities - continuing operations	35,430	(54,017)	95,016
Net cash provided by operating activities - discontinued operations	42,650	25,726	39,035
Net cash provided by (used in) operating activities	78,080	(28,291)	134,051
Net Cash Provided by (Used in) Investing Activities [Abstract]
Acquisitions, net of cash acquired	(3,907)	(569,028)	(356,851)
Purchases of property and equipment	(55,776)	(60,989)	(33,116)
Proceeds from sale of businesses	500,305	9,393	101,039
Other investing activities	(2,135)	(1,300)	(1,125)
Net cash provided by (used in) investing activities - continuing operations	438,487	(621,924)	(290,053)
Net cash provided by (used in) investing activities - discontinued operations	132,016	(4,801)	(27,443)
Net cash provided by (used in) investing activities	570,503	(626,725)	(317,496)
Cash flows from financing activities:
Proceeds from Issuance of Common Stock	74,259	83,851	114,629
Borrowings under credit facility	360,000	268,000	557,000
Repayments under credit facility	(515,000)	(113,000)	(864,000)
Issuance of Senior Notes	0	0	1,300,000
Distributions paid - common shares	(71,967)	(70,845)	(150,946)
Distributions paid - preferred shares	(24,181)	(24,181)	(24,181)
Net proceeds provided by noncontrolling shareholders	15,599	1,312	8,237
Distributions paid - Allocation Interests	26,475	0	34,058
Purchase of noncontrolling interest	41,297	1,957	50,640
Payments to Noncontrolling Interests	(11,745)	(11,292)	(1,275)
Debt issuance costs	0	(5,276)	(21,708)
Other	(17)	10	(464)
Net cash (used in) provided by financing activities	(260,163)	556,885	273,206
Foreign currency impact on cash	786	(1,331)	228
Net increase (decrease) in cash and cash equivalents	389,206	(99,462)	89,989
Cash and cash equivalents — beginning of period (1)	61,271	160,733	70,744
Cash and cash equivalents — end of period	450,477	61,271	160,733
Cash from discontinued operations	4,700	3,600	14,200
Payments for Repurchase of Common Stock	(9,339)	0	0
Repayments of Senior Debt	0	0	(627,688)
Proceeds from Issuance of Other Long-term Debt	0	400,000	0
Repayments of Other Long-term Debt	(10,000)	(5,000)	0
Proceeds from Minority Shareholders - Acquisitions	0	35,263	68,300
Amortization expense	95,820	84,689	73,675
Amortization of Acquisition Costs	$ 1,175	$ 6,114	$ 2,762

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 02, 2019	Nov. 20, 2019	Mar. 13, 2018	Jun. 28, 2017
Class of Stock [Line Items]
Allowance for doubtful accounts receivable	$ 13,851	$ 17,970
Deferred debt issuance costs, accumulated amortization	$ 6,589	$ 2,805
Trust shares, par value (in dollars per share)	$ 0
Trust shares, authorized (in shares)	500,000,000
Trust shares, issued (in shares)	75,753,000	72,203,000
Trust shares, outstanding (in shares)	75,270,000	72,203,000
Preferred Stock, Shares Authorized	50,000,000
Preferred Stock, Shares Issued	12,600,000	12,600,000
Preferred Stock, Shares Outstanding	12,600,000	12,600,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, No Par Value	$ 0
Preferred Stock, Shares Issued	4,000,000	4,000,000				4,000,000
Preferred Stock, Shares Outstanding	4,000,000	4,000,000
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, No Par Value	$ 0
Preferred Stock, Shares Issued	4,000,000	4,000,000			4,000,000
Preferred Stock, Shares Outstanding	4,000,000	4,000,000
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, No Par Value	$ 0
Preferred Stock, Shares Issued	4,600,000	4,600,000	600,000	4,000,000
Preferred Stock, Shares Outstanding	4,600,000	4,600,000

Defined Benefit Plan - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
2020	$ 595
Defined benefit plan expected contribution by employer	600
Long-term debt
Defined Benefit Plan Disclosure [Line Items]
Unfunded liability	(2,400)	$ (1,100)
Long-term debt \| Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Unfunded liability	$ (2,421)	$ (1,128)

Schedule II - Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Deductions	$ 12,172	$ 394	$ 502
Allowance for Doubtful Accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	10,700	12,812	17,275
Additions, Charge to costs and expense	4,448	2,586	4,546
Deductions	5,946	4,846	5,476
Balance at end of Year	9,161	10,700	12,812
SEC Schedule, 12-09, Valuation Allowances and Reserves, Increase (Decrease) Adjustment	(41)	148	(3,533)
Valuation Allowance of Deferred Tax Assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	21,104	9,413	7,012
Additions, Charge to costs and expense	1,578	12,085	2,903
Other	0	0	0
Balance at end of Year	$ 10,510	$ 21,104	$ 9,413

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	ote S - Subsequent Events Acquisition of The Honey Pot On January 31, 2024 (the "Closing Date"), the LLC, through its newly formed acquisition subsidiaries, THP Topco, Inc., a Delaware corporation (“THP Topco”) and THP Intermediate, Inc., a Delaware corporation (“THP Buyer”), acquired The Honey Pot Company Holdings, LLC (“THP”) and certain of its affiliated entities pursuant to a Merger and Stock Purchase Agreement (the “THP Purchase Agreement”) dated January 14, 2024 by and among THP Buyer, THP, VMG Honey Pot Blocker, Inc. (“Blocker I”), NVB1, Inc. (“Blocker II”), VMG Tax-Exempt IV, L.P. (“Blocker I Seller”), New Voices Fund, LP (“Blocker II Seller”), THP Merger Sub, LLC (“THP Merger Sub”), VMG Honey Pot Holdings, LLC, as the Sellers’ Representative, and certain remaining equity holders of THP (the “THP Sellers”, together with Blocker I Seller and Blocker II Seller, each a “Seller” and collectively, the “Sellers”). Pursuant to the Purchase Agreement, subsequent to certain internal reorganizations, THP Buyer acquired all of the issued and outstanding equity of Blocker I and Blocker II and, thereafter, THP Merger Sub merged with and into THP (the “THP Merger”), with THP surviving such that the separate existence of THP Merger Sub ceased, with THP surviving the Merger as a wholly-owned, indirect subsidiary of the Topco. THP is the parent company of The Honey Pot Company (DE), LLC (“The Honey Pot Co.”). The Company paid a purchase price of approximately $380 million, before working capital and certain other adjustments, at the Closing (the “THP Purchase Price”). The Company funded the THP Purchase Price with cash on hand. Certain minority equity holders of THP executed agreements pursuant to which they contributed a portion of their THP equity (the “Rollover Equity”) to THP Topco in exchange for THP Topco common stock. THP Topco contributed the Rollover Equity to THP Buyer. Certain other members of The Honey Pot Co. management team also contributed cash in exchange for equity in THP Topco. The Company directly owns approximately 85% of THP Topco, which in turn indirectly owns all of the issued and outstanding equity interests of THP and The Honey Pot Co. Concurrent with the Closing, the Company provided a credit facility to THP Buyer, THP and The Honey Pot Co., as borrowers (the “THP Credit Agreement”), pursuant to which a secured revolving loan commitment and secured term loans were made available to Buyer, THP and The Honey Pot Co. (collectively, the “Borrowers”). The initial amount outstanding under these facilities on the Closing Date was approximately $110 million. The Company expects to complete the preliminary purchase price allocation during the first quarter of 2024 and will allocate excess purchase price fair value to intangible assets and inventory, with the remaining excess of consideration transferred over net assets acquired allocated to goodwill. The Honey Pot Company Co. is a leading better-for-you feminine care brand that offers an extensive range of holistic wellness products across feminine hygiene, menstrual, consumer health, and sexual wellness categories. The Honey Pot Co.’s mission is to educate, support, and provide consumers around the world with the tools and resources that promote menstrual health and vaginal wellness. Allocation Interests - Payment of Marucci Distribution to Holders The sale of Marucci in November 2023 represented a Sale Event and the Company's board of director's approved a distribution of $48.9 million in the first quarter of 2024 (refer to Note D - "Discontinued Operations"). This distribution was paid to the Holders of the Allocation Interests in the first quarter of 2024.

Organization and Business Operations - Segment		12 Months Ended
Organization and Business Operations - Segment	Apr. 25, 2006	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business Operations		Organization and Business Operations Compass Diversified Holdings, a Delaware statutory trust (“the Trust”), was incorporated in Delaware on November 18, 2005. Compass Group Diversified Holdings, LLC, a Delaware limited liability Company (the “LLC”), was also formed on November 18, 2005 with equity interests which were subsequently reclassified as the “Allocation Interests”. Collectively, Compass Diversified Holdings and Compass Group Diversified Holdings, LLC are referred to as the "Company". The Company was formed to acquire and manage a group of small and middle-market businesses headquartered in North America. In accordance with the Third Amended and Restated Trust Agreement, dated as of August 3, 2021 (as amended and restated, the “Trust Agreement”), the Trust is sole owner of 100% of the Trust Interests (as defined in the Company’s Sixth Amended and Restated Operating Agreement, dated as of August 3, 2021 (as amended and restated, the “LLC Agreement”)) of the LLC and, pursuant to the LLC Agreement, the LLC has, outstanding, the identical number of Trust Interests as the number of outstanding common shares of the Trust. The LLC is the operating entity with a board of directors and other corporate governance responsibilities, similar to that of a Delaware corporation. The LLC is a controlling owner of nine businesses, or operating segments, at December 31, 2023. The segments are as follows: 5.11 Acquisition Corp. ("5.11"), Boa Holdings Inc. ("BOA"), The Ergo Baby Carrier, Inc. (“Ergobaby”), Lugano Holdings, Inc. ("Lugano Diamonds" or "Lugano"), Relentless Intermediate, Inc. ("PrimaLoft"), Velocity Outdoor, Inc. ("Velocity Outdoor" or "Velocity"), AMT Acquisition Corporation (“Arnold”), FFI Compass, Inc. ("Altor Solutions" or "Altor") (formerly "Foam Fabricators") and SternoCandleLamp Holdings, Inc. (“Sterno”). The segments are referred to interchangeably as “businesses”, “operating segments” or “subsidiaries” throughout the financial statements. Refer to Note F - "Operating Segment Data" for further discussion of the operating segments. Compass Group Management LLC, a Delaware limited liability Company (“CGM” or the “Manager”), manages the day to day operations of the LLC and oversees the management and operations of our businesses pursuant to a management services agreement (the "Management Services Agreement" or “MSA”).
Sole owner of Trust interest of the company	100.00%
Number of businesses/operating segments owned		9

Operating Segment Data Summary of Depreciation and Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Accumulated Depreciation, Depletion and Amortization, Period Increase (Decrease)	$ 146,405	$ 128,459	$ 112,026
Amortization of Debt Issuance Costs	4,038	3,740	2,979
5.11 Tactical
Segment Reporting Information [Line Items]
Accumulated Depreciation, Depletion and Amortization, Period Increase (Decrease)	25,714	22,742	22,048
Ergobaby
Segment Reporting Information [Line Items]
Accumulated Depreciation, Depletion and Amortization, Period Increase (Decrease)	8,011	8,007	8,405
Arnold
Segment Reporting Information [Line Items]
Accumulated Depreciation, Depletion and Amortization, Period Increase (Decrease)	8,279	7,878	8,728
Sterno Products
Segment Reporting Information [Line Items]
Accumulated Depreciation, Depletion and Amortization, Period Increase (Decrease)	19,541	19,842	22,918
Corporate
Segment Reporting Information [Line Items]
Amortization of Debt Issuance Costs	4,038	3,740	2,896
Boa
Segment Reporting Information [Line Items]
Accumulated Depreciation, Depletion and Amortization, Period Increase (Decrease)	22,659	21,751	19,999
Lugano
Segment Reporting Information [Line Items]
Accumulated Depreciation, Depletion and Amortization, Period Increase (Decrease)	7,413	5,648	1,881
Altor
Segment Reporting Information [Line Items]
Accumulated Depreciation, Depletion and Amortization, Period Increase (Decrease)	16,495	16,157	12,700
Velocity Outdoor
Segment Reporting Information [Line Items]
Accumulated Depreciation, Depletion and Amortization, Period Increase (Decrease)	13,100	13,030	12,451
PrimaLoft
Segment Reporting Information [Line Items]
Accumulated Depreciation, Depletion and Amortization, Period Increase (Decrease)	21,155	9,664	0
Operating Segments
Segment Reporting Information [Line Items]
Accumulated Depreciation, Depletion and Amortization, Period Increase (Decrease)	$ 142,367	$ 124,719	$ 109,130

Inventory, Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Inventory, Property, Plant and Equipment

Inventory and Property, Plant, and Equipment


Inventory	December 31,
(in thousands)	2023		2022
Raw materials and supplies	$	97,209	$	101,812
Work-in-process	25,516		29,979
Finished goods	646,406		576,914
	769,131		708,705
Less: obsolescence reserve	(28,744)		(28,160)
Total	$	740,387	$	680,545


Property, plant and equipment	December 31,
(in thousands)	2023		2022
Machinery and equipment	$	238,168	$	218,959
Office furniture, computers and software	67,652		59,860
Leasehold improvements	95,530		70,330
Buildings and land	12,816		12,629
Construction in process	15,197		17,654
	429,363		379,432
Less: accumulated depreciation	(236,801)		(194,931)
Total	$	192,562	$	184,501

Depreciation expense was approximately $46.5 million, $40.0 million and $35.5 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Fair Value Measurement - Summary of Assets and Liabilities Carried at Fair Value Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Document Period End Date	Dec. 31, 2023
Fair Value Measurements Recurring \| Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	$ 0	$ (1,442)	$ (1,501)
Fair Value Measurements Recurring \| Estimate of Fair Value Measurement \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		0
Fair Value Measurements Recurring \| Estimate of Fair Value Measurement \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		0
Fair Value Measurements Recurring \| Estimate of Fair Value Measurement \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		(1,442)
Put Option \| Fair Value Measurements Recurring \| Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		(142)
Put Option \| Fair Value Measurements Recurring \| Estimate of Fair Value Measurement \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		0
Put Option \| Fair Value Measurements Recurring \| Estimate of Fair Value Measurement \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		0
Put Option \| Fair Value Measurements Recurring \| Estimate of Fair Value Measurement \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		(142)
Business Acquisition [Member] \| Fair Value Measurements Recurring \| Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		(1,300)
Business Acquisition [Member] \| Fair Value Measurements Recurring \| Estimate of Fair Value Measurement \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		0
Business Acquisition [Member] \| Fair Value Measurements Recurring \| Estimate of Fair Value Measurement \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		0
Business Acquisition [Member] \| Fair Value Measurements Recurring \| Estimate of Fair Value Measurement \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		(1,300)
Ravin [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases	$ 0	$ 1,600

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Basis of Presentation

Basis of presentation

The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP" or "US GAAP"). The results of operations represent the results of operations of the Company’s acquired businesses from the date of their acquisition by the Company, and therefore may not be indicative of the results to be expected for the full year.

Principles of Consolidation

Principles of consolidation

The consolidated financial statements include the accounts of the Trust and the Company, as well as the businesses acquired as of their respective acquisition date. All significant intercompany accounts and transactions have been eliminated in consolidation. Discontinued operating entities are reflected as discontinued operations in the Company’s results of operations and statements of financial position.

The acquisition of businesses that the Company owns or controls more than a 50% share of the voting interest are accounted for under the acquisition method of accounting. The amount assigned to the identifiable assets acquired and the liabilities assumed is based on the estimated fair values as of the date of acquisition, with the remainder, if any, recorded as goodwill.

Discontinued Operations

The Company completed the sale of Wheelhouse Holdings, Inc. ("Marucci") during the fourth quarter of 2023, Compass AC Holdings, Inc. ("Advanced Circuits or "ACI") during the first quarter of 2023 and Liberty Safe Holding Corporation ("Liberty") during the third quarter of 2021. The results of operations of Marucci and ACI are reported as discontinued operations in the consolidated statements of operations for years ended December 31, 2023, 2022 and 2021. The results of operations of Liberty are reported as discontinued operations in the consolidated statements of operations for year ended December 31, 2021. Refer to "Note D - Discontinued Operations" for additional information. Unless otherwise indicated, the disclosures accompanying the consolidated financial statements reflect the Company's continuing operations.

Use of Estimates

Use of estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and the related notes to the consolidated financial statements. These estimates are based on historical factors, management’s best knowledge of current events and actions the Company may undertake in the future. It is possible that in 2023 actual conditions could be better or worse than anticipated when the Company developed the estimates and assumptions, which could materially affect the results of operations and financial position in the future. Such changes could result in future impairment of goodwill, intangibles and long-lived assets, inventory obsolescence, establishment of valuation allowances on deferred tax assets and increased tax liabilities, among other things. Actual results could differ from those estimates.

Profit Allocation Interests

Allocation Interests

At the time of the Company's Initial Public Offering, the Company issued Allocation Interests governed by the LLC agreement that entitle the holders (the "Holders") to receive distributions pursuant to a profit allocation formula upon the occurrence of certain events. The Holders are entitled to receive and as such can elect to receive the positive contribution based profit allocation payment for each of the business acquisitions during the 30-day period following the fifth anniversary of the date upon which the Company acquired a controlling interest in that business (a "Holding Event") and upon the sale of that business (a "Sale Event"). The payment to the Holders for a Sale Event is based on the pre-tax gain from the sale of the business. Payments of profit allocation to the Holders are accounted for as dividends declared on Allocation Interests and recorded in stockholders' equity once they are approved by our Board of Directors.

Revenue Recognition

Revenue recognition

The Company recognizes revenue when a customer obtains control of promised goods or services. The amount of revenue recognized reflects the consideration to which the Company expects to be entitled to receive in exchange for these goods or services, and excludes any sales incentives or taxes collected from customers which are subsequently remitted to government authorities. Refer to "Note E - Revenue" for a detailed description of the Company's revenue recognition policies.

Performance Obligations - Revenues are recognized when control of the promised goods or service is transferred to the customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods and services. Each product or service represents a separate performance obligation. Once the performance obligations are identified, the Company determines the transaction price, which includes estimating the amount of variable consideration to be included in the transaction price, if any. The Company then allocates the transaction price to each performance obligation in the contract based on a relative stand-alone selling price method. The corresponding revenues are recognized as the related performance obligations are satisfied as discussed above. The Company determines standalone selling prices based on the price at which the performance obligation is sold separately. The standalone selling price is directly observable as it is the price at which the Company sells its products separately to the customer. The Company assesses promised goods or services as performance obligations deemed immaterial at the contract level. Revenue is recognized generally upon shipment terms for products and when the service is performed for services.

Certain sale transactions at our Lugano operating segment also include a non-monetary exchange of inventory with customers whereby the consideration received for the sale transaction has a non-cash component. The transaction price for a sale to a customer includes all cash and non-cash consideration. The non-cash consideration represents the non-monetary exchange of inventory and is measured at the fair-value of the exchanged item.

Shipping and handling costs - The Company accounts for shipping and handling activities performed after control of a good has been transferred to the customer as a fulfillment cost. Therefore, both revenue and costs of shipping and handling are recorded at the same time. As a result, any consideration (including freight and landing costs) related to these activities are included as a component of the overall transaction consideration and allocated to the performance obligations of the contract. Costs associated with shipment of products to a customer are accounted for as a fulfillment cost and are typically included in selling, general and administrative expense. Shipping and handling fees billed directly to customers are included in sales.

Warranty - For product sales, the Company provides standard assurance-type warranties as the Company only warrants its products against defects in materials and workmanship (i.e., manufacturing flaws). Although the

warranties are not required by law, the tasks performed over the warranty period are only to remediate instances when products do not meet the promised specifications. Customers do not have the option to purchase warranties separately. The Company’s warranty periods generally range from 90 days to three years depending on the nature of the product and are consistent with industry standards. The periods are reasonable to assure that products conform to specifications. The Company does not have a history of performing activities outside the scope of the standard warranty.

Variable Consideration - The Company’s policy around estimating variable consideration related to sales incentives (early pay discounts, rights of return, rebates, chargebacks, and other discounts) included in certain customer contracts are recorded as a reduction in the transaction price. The Company applies the expected value method to estimate variable consideration. These estimates are based on historical experience, anticipated performance and the Company’s best judgment at the time and as a result, reflect applicable constraints. The Company includes in the transaction price an amount of variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved.

In certain of the Company’s arrangements related to product sales, a right of return exists, which is included in the transaction price. For these right of return arrangements, an asset (and corresponding adjustment to cost of sale) for its right to recover the products from the customers is recorded. The asset recognized is the carrying amount of the product (for example, inventory) less any expected costs to recover the products (including potential decreases in the value to the Company of the returned product). Additionally, the Company records a refund liability for the amount of consideration that it does not expect to be entitled. The amounts associated with right of return arrangements are not material to the Company's statement of position or operating results.

Sales and Other Similar Taxes - The Company notes that under its contracts with customers, the customer is responsible for all sales and other similar taxes, which the Company will invoice the customer for if they are applicable. The Company excludes sales taxes and similar taxes from the measurement of transaction price.

Cost to Obtain a Contract - The Company recognizes the incremental costs of obtaining a contract as an expense when incurred as the amortization period of the asset that the Company otherwise would have recognized is one year or less.

Disaggregated Revenue - Revenue Streams & Timing of Revenue Recognition - The Company disaggregates revenue by strategic business unit and by geography for each strategic business unit which are categories that depict how the nature, amount and uncertainty of revenue and cash flows are affected by economic factors. The disaggregation in the tables below reflects where revenue is earned based on the shipping address of our customers unless otherwise noted. This disaggregation also represents how the Company evaluates its financial performance, as well as how the Company communicates its financial performance to the investors and other users of its financial statements. Each strategic business unit represents the Company’s reportable segments and offers different products and services.

Cash Equivalents

Cash and cash equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Certain cash account balances held in domestic financial institutions exceed FDIC insurance limits of $250,000 per account and, as a result, there is a concentration of credit risk related to amounts in excess of the insurance limits. We monitor the financial stability of these financial institutions and believe that we are not exposed to any significant credit risk in cash or cash equivalents. At December 31, 2023 and 2022, the amount of cash and cash equivalents held by our subsidiaries in foreign bank accounts was $24.8 million and $24.4 million, respectively.

Allowance for Doubtful Accounts

Trade receivables are reported on the consolidated balance sheets at cost adjusted for any write-offs and net of an allowance for doubtful accounts. The Company uses estimates to determine the amount of the allowance for doubtful accounts in order to reduce accounts receivable to their estimated net realizable value. The Company estimates the amount of the required allowance by reviewing the status of past-due receivables and analyzing historical bad debt trends. The Company’s estimate also includes analyzing existing economic conditions. When the Company becomes aware of circumstances that may impair a specific customer’s ability to meet its financial obligations subsequent to the original sale, the Company will record an allowance against amounts due, and thereby reduce the net receivable to the amount it reasonably believes will be collectible. Balances that remain outstanding after the Company has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. The Company's Lugano operating segment has adopted the practical expedient available under the revenue recognition accounting standard whereby for revenue contracts that have an original duration of one year or less, Lugano does not consider the time value of money and does not recognize a financing component on trade receivables where the period between the transfer of a promised good to a customer and the customer’s payment for that good will be one year or less.

Inventories

Inventories consist of raw materials, work-in-process, manufactured goods and purchased goods acquired for resale. Inventories are stated at the lower of cost or net realizable value, with cost generally determined on the first-

in, first-out method or average cost method. At our Lugano business, cost is determined based on specific identification. Cost includes raw materials, direct labor, manufacturing overhead and indirect overhead. Net realizable value is based on current replacement cost for raw materials and supplies and on estimated selling costs less reasonably predictable costs of completion, and disposal for finished goods. The net realizable value of the Company’s inventory is estimated based on historical experience, current and forecasted demand and other market conditions. In addition, reserves for inventory losses are estimated based on historical experience. The Company’s inventory reserves are estimates, which could vary significantly from actual results if future economic conditions, customer demand or competition differ from expectations. The Company's historical estimates of these adjustments have not differed materially from actual results.

Property, Plant and Equipment

Property, plant and equipment

Property, plant and equipment is recorded at cost. The cost of major additions or betterments is capitalized, while maintenance and repairs that do not improve or extend the useful lives of the related assets are expensed as incurred.

Depreciation is provided principally on the straight-line method over estimated useful lives. Leasehold improvements are amortized over the life of the lease or the life of the improvement, whichever is shorter.

The ranges of useful lives are as follows:


Buildings and improvements			6 to 40 years
Machinery and equipment			2 to 18 years
Office furniture, computers and software			2 to 8 years
Leasehold improvements			Shorter of useful life or lease term

Property, plant and equipment and other long-lived assets that have definitive lives are evaluated for impairment when events or changes in circumstances indicate that the carrying value of the assets may not be recoverable (‘triggering event’). Upon the occurrence of a triggering event, the asset is reviewed to assess whether the estimated undiscounted cash flows expected from the use of the asset plus residual value from the ultimate disposal exceeds the carrying value of the asset. If the carrying value exceeds the estimated recoverable amounts, the asset is written down to its fair value.

Fair Value of Financial Instruments

Fair value of financial instruments

The carrying value of the Company’s financial instruments, including cash and cash equivalents, accounts receivable and accounts payable approximate their fair value due to their short term nature. The fair value of the Company's senior notes are based on interest rates that are currently available to the Company for issuance of debt with similar terms and remaining maturities. If measured at fair value in the financial statements, the Senior Notes would be classified as Level 2 in the fair value hierarchy.

Business Combinations

Business combinations

The Company allocates the amount it pays for each acquisition to the assets acquired and liabilities assumed based on their fair values at the date of acquisition, including identifiable intangible assets which arise from a contractual or legal right or are separable from goodwill. The Company bases the fair value of identifiable intangible assets acquired in a business combination on detailed valuations that use information and assumptions provided by management, which consider management’s best estimates of inputs and assumptions that a market participant would use. The Company allocates any excess purchase price that exceeds the fair value of the net tangible and identifiable intangible assets acquired to goodwill. The use of alternative valuation assumptions, including estimated growth rates, cash flows, discount rates and estimated useful lives could result in different purchase price allocations and amortization expense in current and future periods. Transaction costs associated with these acquisitions are expensed as incurred through selling, general and administrative expense on the consolidated statement of operations. In those circumstances where an acquisition involves a contingent consideration arrangement, the Company recognizes a liability equal to the fair value of the contingent payments expected to be made as of the acquisition date. The Company re-measures this liability each reporting period and records changes in the fair value through operating income within the consolidated statements of operations.

Goodwill

Goodwill represents the excess of the purchase price over the fair value of the assets acquired and liabilities assumed. The Company is required to perform impairment reviews at each of its reporting units annually and more frequently in certain circumstances. In accordance with accounting guidelines, the Company is able to make a qualitative assessment of whether it is more likely than not that a reporting unit’s fair value is less than its carrying amount before applying the quantitative goodwill impairment test.

The first step of the process after the qualitative assessment fails is estimating the fair value of each of its reporting units based on a discounted cash flow (“DCF”) model using revenue and profit forecast and a market approach which compares peer data and earnings multiples. The Company then compares those estimated fair values with the carrying values, which include allocated goodwill. If the estimated fair value is less than the carrying value, then a goodwill impairment is recorded.

The Company cannot predict the occurrence of certain future events that might adversely affect the implied value of goodwill and/or the fair value of intangible assets. Such events include, but are not limited to, strategic decisions made in response to economic and competitive conditions, the impact of the economic environment on its customer base, and material adverse effects in relationships with significant customers. The impact of over-estimating or under-estimating the implied fair value of goodwill at any of the reporting units could have a material effect on the results of operations and financial position. In addition, the value of the implied goodwill is subject to the volatility of the Company’s operations which may result in significant fluctuation in the value assigned at any point in time.

Refer to "Note H - Goodwill and Intangible Assets" for the results of the annual impairment tests.

Deferred Debt Issuance Costs

Deferred debt issuance costs

Deferred debt issuance costs represent the costs associated with the issuance of debt instruments and are amortized over the life of the related debt instrument. Deferred debt issuance costs are presented in the consolidated balance sheet as a deduction from the carrying value of the associated debt liability.

Warranties

Product Warranty Costs

The Company recognizes warranty costs based on an estimate of the amounts required to meet future warranty obligations. The Company accrues an estimated liability for exposure to warranty claims at the time of a product sale based on both current and historical claim trends and warranty costs incurred. Warranty reserves are included within "Accrued expenses" in the Company's consolidated balance sheets.

Foreign Currency

Foreign currency

Certain of the Company’s segments have operations outside the United States, and the local currency is typically the functional currency. The financial statements are translated into U.S. dollars using exchange rates in effect at year-end for assets and liabilities and average exchange rates during the year for results of operations. The resulting translation gain or loss is included in stockholders' equity as other comprehensive income or loss.

Noncontrolling Interest

Noncontrolling interest

Noncontrolling interest represents the portion of a majority-owned subsidiary’s net income that is owned by noncontrolling shareholders. Noncontrolling interest on the balance sheet represents the portion of equity in a consolidated subsidiary owned by noncontrolling shareholders.

Deferred Income Taxes

ncome taxes

Deferred Income Taxes

Deferred income taxes are calculated under the asset and liability method which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Deferred income taxes are provided for the differences between the basis of assets and liabilities for financial reporting and income tax purposes at the enacted tax rates.

A valuation allowance is established when necessary to reduce deferred tax assets to the amount that is expected to more likely than not be realized. Several of the Company’s majority owned subsidiaries have deferred tax assets recorded at December 31, 2023 which in total amounted to approximately $107.0 million. This deferred tax asset is net of $10.5 million of valuation allowance primarily associated with the realization of domestic and foreign net

operating losses, domestic and foreign tax credits and the limitation on the deduction of interest expense. These deferred tax assets are comprised primarily of reserves not currently deductible for tax purposes. The temporary differences that have resulted in the recording of these tax assets may be used to offset taxable income in future periods, reducing the amount of taxes required to be paid. Realization of the deferred tax assets is dependent on generating sufficient future taxable income at those subsidiaries with deferred tax assets. Based upon the expected future results of operations, the Company believes it is more likely than not that those subsidiaries with deferred tax assets will generate sufficient future taxable income to realize the benefit of existing temporary differences, although there can be no assurance of this. The impact of not realizing these deferred tax assets would result in an increase in income tax expense for such period when the determination was made that the assets are not realizable.

Uncertain Tax Positions

We record uncertain tax positions in accordance with Accounting Standards Codification ("ASC") 740 - Income Taxes, on the basis of a two-step process in which (1) we determine whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.

Change in Company Tax Status Election

Effective September 1, 2021 (the "Effective Date"), the Trust elected to be treated as a corporation for U.S. federal income tax purposes (the "Election"). Prior to the Effective Date, the Trust was treated as a partnership for U.S. federal income tax purposes and the Trust’s items of income, gain, loss and deduction flowed through from the Trust to the shareholders, and the Trust shareholders were subject to income taxes on their allocable share of the Trust’s income and gain. After the Effective Date, the trust is taxed as a corporation and is subject to U.S. federal corporate income tax at the Trust level, but items of income, gain, loss and deduction will not flow through to Trust shareholders. Trust shareholders will no longer receive an IRS Schedule K-1. After the Effective Date, distributions from the Trust will be treated as dividends to the extent the Trust has accumulated or current earnings and profits. If the Trust does not have current or accumulated earnings and profits available for distribution, then the distribution will be treated as a return of capital and reduce Trust shareholders’ basis in their shares.

Prior to the Effective Date, each of the Company’s majority owned subsidiaries were treated as corporations for U.S. federal income tax purposes. The election did not change the tax status of any Company subsidiary, and each majority owned Company subsidiary is still treated as a corporation for U.S. federal income tax purposes.

Advertising Costs

Advertising costs

Advertising costs are expensed as incurred and included in selling, general and administrative expense in the consolidated statements of operations. Advertising costs were $33.4 million, $31.9 million and $26.1 million during the years ended December 31, 2023, 2022 and 2021, respectively.

Research and Development

Research and development

Research and development costs are expensed as incurred and included in selling, general and administrative expense in the consolidated statements of operations. The Company incurred research and development expense of $14.6 million, $12.3 million and $11.4 million during the years ended December 31, 2023, 2022 and 2021, respectively.

Employee Retirement Plans

Employee retirement plans

The Company and many of its segments sponsor defined contribution retirement plans, such as 401(k) plans. Employee contributions to the plan are subject to regulatory limitations and the specific plan provisions. The Company and its segments may match these contributions up to levels specified in the plans and may make additional discretionary contributions as determined by management. The total employer contributions to these plans were $5.1 million, $4.6 million and $3.2 million for the years ended December 31, 2023, 2022 and 2021, respectively.

The Company’s Arnold subsidiary maintains a defined benefit plan for certain of its employees which is more fully described in "Note J - Defined Benefit Plan". Accounting guidelines require employers to recognize the overfunded or underfunded status of defined benefit pension and postretirement plans as assets or liabilities in their consolidated balance sheets and to recognize changes in that funded status in the year in which the changes occur as a component of comprehensive income.

Stock Based Compensation

Stock based compensation

The Company does not have a stock based compensation plan; however, all of the Company’s subsidiaries maintain stock based compensation plans under which some form of stock compensation, typically stock options or profit interests, is issued to employees and outside directors of each subsidiary. The fair value of the awards are estimated on the date of grant using a pricing model and assumptions specific to the subsidiary that granted the stock award. During the years ended December 31, 2023, 2022 and 2021, $10.7 million, $12.0 million, and $9.8 million of stock based compensation expense was recorded in selling, general and administrative expense in the consolidated statements of operations. As of December 31, 2023, the amount to be recorded for stock-based compensation expense in future years for unvested options is approximately $48.5 million

Earnings Per Common Share

Earnings per common share

Basic and fully diluted earnings per Trust common share is computed using the two-class method which requires companies to allocate participating securities that have rights to earnings that otherwise would have been available only to common shareholders as a separate class of securities in calculating earnings per share. The Company has granted Allocation Interests that contain participating rights to receive profit allocations upon the occurrence of a Holding Event or a Sale Event, and has issued preferred shares that have rights to distributions when, and if, declared by the Company's board of directors.

The calculation of basic and fully diluted earnings per common share is computed by dividing income available to common shareholders by the weighted average number of Trust common shares outstanding during the period. Earnings per common share reflects the effect of distributions that were declared and paid to the Holders and distributions that were paid on preferred shares during the period.

The Company did not have any stock option plans or any other potentially dilutive securities outstanding during the years ended December 31, 2023, 2022 and 2021.

Recent Accounting Pronouncements

Recently Issued Accounting Pronouncements

Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures

In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This guidance will require, among other things, the following: (i) enhanced disclosures about significant segment expenses that are regularly provided to the chief operating decision maker ("CODM") and included in a segment's reported measure of profit or loss; (ii) disclosure of the amount and description of the composition of other segment items, as defined in ASU 2023-07, by reportable segment; and (iii) reporting the disclosures about each reportable segment's profit or loss and assets on an annual and interim basis. The guidance will be effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 and early adoption is permitted. The Company is currently evaluating the impact that this ASU will have when adopted and anticipates the ASU will likely result in additional disclosures in our consolidated financial statements.

Income Taxes (Topic 740): Improvements to Income Tax Disclosures

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This guidance will require, among other things, the following for public business entities: (i) enhanced disclosures of specific categories of reconciling items included in the rate reconciliation, as well as additional information for any of these items meeting certain qualitative and quantitative thresholds; (ii) disclosure of the nature, effect and underlying causes of each individual reconciling item disclosed in the rate reconciliation and the

judgment used in categorizing them if not otherwise evident; and (iii) enhanced disclosures for income taxes paid, which includes federal, state, and foreign taxes, as well as for individual jurisdictions over a certain quantitative threshold. The amendments in ASU 2023-09 eliminate the requirement to disclose the nature and estimate of the range of the reasonably possible change in unrecognized tax benefits for the 12 months after the balance sheet date. The guidance will be effective for annual periods beginning after December 15, 2024 and early adoption is permitted. The Company is currently evaluating the impact that this ASU will have when adopted and anticipates the ASU will likely result in additional disclosures in our consolidated financial statements.

Debt - Summary of Annual Maturities of Term Loan Facility and Revolving Credit Facility (Detail) $ in Thousands	Dec. 31, 2023 USD ($)
Debt Disclosure [Abstract]
Long-Term Debt, Maturity, Year One	$ 10,000
Long-Term Debt, Maturity, Year Two	15,000
Long-Term Debt, Maturity, Year Three	25,000
Long-Term Debt, Maturity, Year Four	335,000
Long-Term Debt, Maturity, after Year Five	1,300,000
Long-term debt, gross	$ 1,685,000

Inventory, Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Summary of Property, Plant and Equipment


Property, plant and equipment	December 31,
(in thousands)	2023		2022
Machinery and equipment	$	238,168	$	218,959
Office furniture, computers and software	67,652		59,860
Leasehold improvements	95,530		70,330
Buildings and land	12,816		12,629
Construction in process	15,197		17,654
	429,363		379,432
Less: accumulated depreciation	(236,801)		(194,931)
Total	$	192,562	$	184,501

Debt - Summary of Components of Interest Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Interest on credit facilities	$ 37,269	$ 13,842	$ 2,669
Interest on Senior Notes	67,500	67,500	54,441
Unused fee on Revolving Credit Facility	1,998	1,913	1,598
Amortization of debt premium	0	0	(83)
Other interest expense	363	286	222
Interest Income, Other	(1,951)	(49)	(13)
Interest expense, net	$ 105,179	$ 83,492	$ 58,834

- Definition

Amount of the cost of borrowed funds accounted for as interest expense.

+ References + Details

Equity Method Investment - Additional Information (Detail)	Dec. 31, 2023
Corporate Joint Venture \| Arnold Magnetics
Subsidiary, Sale of Stock [Line Items]
Non-controlling interest percent	50.00%

Related Party Transactions - Additional Information (Detail) $ / shares in Units, $ in Thousands					3 Months Ended			12 Months Ended
	Feb. 01, 2022 USD ($)	Sep. 03, 2021 USD ($)	Aug. 03, 2021 USD ($)	May 16, 2006	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($) vendor shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jul. 12, 2022 USD ($)	Nov. 20, 2019 $ / shares	Mar. 13, 2018 $ / shares
Related Party Transaction [Line Items]
Period to acquired controlling interest in business on fifth anniversary								30 days
Distributions Made to Holders of Allocation Interests, Cash Distributions Paid								$ (26,500)		$ (34,100)
Distributions For Contribution Based Profit Allocation Payments						$ 2,100
Percentage of allocation agreement								37.00%	38.00%
Document Period End Date								Dec. 31, 2023
Integration service fees								$ 2,400	$ 4,100	4,900
Reimbursement of occupancy and staffing costs to CGM								6,400	6,500	5,400
Preferred Stock, Redemption Price Per Share \| $ / shares												$ 25.00	$ 25.00
Management fees								$ 68,445	62,604	46,443
Noncontrolling Interest, Increase from Subsidiary Equity Issuance										3,886
Stock Repurchased During Period, Shares \| shares								482,400
Payments to Noncontrolling Interests								$ 11,745	$ 11,292	1,275
5.11 Tactical
Related Party Transaction [Line Items]
Ownership percentage intercompany loan agreement			97.70%
Ergobaby
Related Party Transaction [Line Items]
Ownership percentage intercompany loan agreement	81.60%
Employees and Partners of the Manager
Related Party Transaction [Line Items]
Percentage of allocation agreement								63.00%	62.00%
Board of Directors Chairman
Related Party Transaction [Line Items]
Percentage of allocation agreement								5.00%
Lugano
Related Party Transaction [Line Items]
Distributions For Contribution Based Profit Allocation Payments							$ 16,800
Ergobaby
Related Party Transaction [Line Items]
Business Combination, Consideration Transferred	$ 50,200
Line of Credit Facility, Maximum Borrowing Capacity	$ 61,500
Arnold
Related Party Transaction [Line Items]
Payment for Management Fee										$ 400
Boa
Related Party Transaction [Line Items]
Management fees paid equal to net asset										2.00%
Business Combination, Consideration Transferred					$ 131,000
Line of Credit Facility, Increase (Decrease), Net		$ 38,000
Management fee waiver										1.00%
Line of Credit Facility, Maximum Borrowing Capacity					165,900			$ 165,900
Payments for Repurchase of Redeemable Noncontrolling Interest		48,000
Noncontrolling Interest, Increase from Subsidiary Equity Issuance		39,400
Payments to Noncontrolling Interests					11,700
Compensation Expense, Excluding Cost of Good and Service Sold					$ 3,100
PrimaLoft
Related Party Transaction [Line Items]
Management fees paid equal to net asset									2.00%
Integration service fees											$ 4,800
Management fee waiver							1.00%		1.00%
Lugano
Related Party Transaction [Line Items]
Integration service fees		$ 2,300
5.11 Tactical
Related Party Transaction [Line Items]
Business Combination, Consideration Transferred			$ 53,700
Line of Credit Facility, Maximum Borrowing Capacity			$ 55,000
Management Service Agreement with CGM
Related Party Transaction [Line Items]
Management fees paid equal to net asset				0.50%
Management fees								68,445	$ 62,604	$ 46,443
Management Service Agreement with CGM \| Ergobaby
Related Party Transaction [Line Items]
Management fees								500	500	500
Management Service Agreement with CGM \| Velocity Outdoor
Related Party Transaction [Line Items]
Management fees								500	500	500
Management Service Agreement with CGM \| Arnold
Related Party Transaction [Line Items]
Management fees								500	500	500
Management Service Agreement with CGM \| Boa
Related Party Transaction [Line Items]
Management fees								1,000	1,000	1,000
Management Service Agreement with CGM \| PrimaLoft
Related Party Transaction [Line Items]
Management fees								1,000	500
Management Service Agreement with CGM \| Lugano
Related Party Transaction [Line Items]
Management fees								750	750	188
Management Service Agreement with CGM \| 5.11 Tactical
Related Party Transaction [Line Items]
Management fees								1,000	1,000	1,000
Vendor \| 5.11 Tactical
Related Party Transaction [Line Items]
Purchases from related party								$ 1,700	2,000	1,100
Ownership Interest					40.00%			40.00%
Vendor \| Executive Officer \| 5.11 Tactical
Related Party Transaction [Line Items]
Number of Related Party Vendors \| vendor								1
Vendor \| Boa
Related Party Transaction [Line Items]
Purchases from related party								$ 42,100	$ 56,100	$ 48,300
CGI Diversified Holdings LP
Related Party Transaction [Line Items]
Percentage of allocation agreement								5.00%

Defined Benefit Plan

12 Months Ended

Dec. 31, 2023

Postemployment Benefits [Abstract]

Compensation and Employee Benefit Plans [Text Block]

Defined Benefit Plan

In connection with the acquisition of Arnold, the Company has a defined benefit plan covering substantially all of Arnold’s employees at its Lupfig, Switzerland location. The benefits are based on years of service and the employees’ highest average compensation during the specific period.

The following table sets forth the plan’s funded status and amounts recognized in the Company’s consolidated balance sheets at December 31, 2023 and 2022:


	December 31,
(in thousands)	2023		2022
Change in benefit obligation:
Benefit obligation, beginning of year	$	10,649	$	12,311
Service cost	369		432
Interest cost	257		42
Actuarial (gain)/loss	1,090		(1,792)
Plan amendment	(67)		(73)
Employee contributions and transfer	444		349
Benefits paid	1,037		74
Settlement	(1,139)		(518)

Foreign currency translation	1,207		(176)
Benefit obligation	$	13,847	$	10,649
Change in plan assets:
Fair value of assets, beginning of period	$	9,521	$	9,449
Actual return on plan assets	90		(122)
Company contribution	465		371
Employee contributions and transfer	444		349
Benefits paid	1,037		74
Settlement	(1,139)		(518)
Foreign currency translation	1,008		(82)
Fair value of assets	11,426		9,521
Funded status	$	(2,421)	$	(1,128)

The unfunded liability of $2.4 million and $1.1 million at December 31, 2023 and 2022, respectively, is recognized in the consolidated balance sheet within other non-current liabilities. Net periodic benefit cost consists of the following:


	Year ended December 31,
(in thousands)	2023		2022		2021

Service cost	$	369	$	432	$	422
Interest cost	257		42		38
Expected return on plan assets	(184)		(73)		(73)
Amortization of unrecognized gain (loss)	(37)		(27)		(12)
Effect of settlement	(1)		(40)		—
Effect of curtailment	—		—		111
Net periodic benefit cost	$	404	$	334	$	486

Assumptions used to determine the benefit obligations and components of the net periodic benefit cost at December 31, 2023 and 2022:


	December 31,
	2023		2022

Discount rate	1.85	%	2.25	%
Expected return on plan assets	1.85	%	2.25	%
Rate of compensation increase	4.00	%	4.00	%

The Company considers the historical level of long-term returns and the current level of expected long-term returns for the plan assets, as well as the current and expected allocation of assets when developing its expected long-term rate of return on assets assumption. The assumptions used for the plan are based upon customary rates and practices for the location of the Company.

Arnold expects to contribute approximately $0.6 million to the defined benefit plan in 2024.

The following presents the benefit payments which are expected to be paid for the plan in each year indicated (in thousands):


2024	$	595
2025	624
2026	782
2027	1,088
2028	812
Thereafter	4,262
	$	8,163

Asset management objectives include maintaining an adequate level of diversification to reduce interest rate and market risk and providing adequate liquidity to meet immediate and future benefit payment requirements.

The assets of the plan are reinsured in their entirety with Swiss Life Ltd. (“Swiss Life”) within the framework of the corresponding contracts with Swiss Life Collective BVG Foundation and Swiss Life Complementary Foundation. The assets are guaranteed by the insurance company and pooled with the assets of other participating employers. The allocation of pension plan assets by category in Swiss Life’s group life portfolio is as follows at December 31, 2023:


Fixed income bonds and securities	60	%
Real estate	24	%
Equities and investment funds	14	%
Certificates of deposit and cash and cash equivalents	1	%
Other investments	1	%
	100	%

The plan assets are pooled with assets of other participating employers and are not separable; therefore the fair values of the pension plan assets at December 31, 2023 and 2022 were considered Level 3.

Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts


			Additions
(in thousands)	Balance at beginning of Year		Charge to costs and expense		Other (1)		Deductions		Balance at end of Year
Sales allowance accounts - 2023	$	10,700	$	4,448	$	(41)	$	5,946	$	9,161
Sales allowance accounts - 2022	$	12,812	$	2,586	$	148	$	4,846	$	10,700
Sales allowance accounts - 2021	$	17,275	$	4,546	$	(3,533)	$	5,476	$	12,812

Valuation allowance for deferred tax assets - 2023	$	21,104	$	1,578	$	—	$	12,172	$	10,510
Valuation allowance for deferred tax assets - 2022	$	9,413	$	12,085	$	—	$	394	$	21,104
Valuation allowance for deferred tax assets - 2021	$	7,012	$	2,903	$	—	$	502	$	9,413

(1)Represents opening allowance balances related to acquisitions made during the period indicated. In addition, during the year ended December 31, 2021, certain sales allowance accounts were reclassified to accrued expenses.

Unaudited Quarterly Financial Data - Summary of Unaudited Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended								10 Months Ended	12 Months Ended				48 Months Ended
	Jan. 10, 2023	Mar. 02, 2021	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Nov. 01, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2017	Dec. 31, 2023	Dec. 31, 2020
Selected Quarterly Financial Information [Line Items]
Impairment expense												$ 89,400	$ 20,552	$ 0
Goodwill impairment expense												89,400	20,552
Gross profit			$ 246,307	$ 225,311	$ 216,641	$ 205,064	$ 201,748	$ 204,690	$ 199,145	$ 177,469		893,323	783,052	661,580
Operating income			(3,974)	17,373	42,113	34,557	6,291	36,083	51,747	36,717		90,069	130,838	123,084
Income (loss) from continuing operations			(38,970)	(19,705)	6,553	(2,559)	(24,013)	(12,348)	23,352	6,300		(54,681)	(6,709)	4,458
Income from discontinued operations, net of income tax			(3,123)	8,277	2,821	9,967	9,545	9,095	3,594	11,469		17,942	33,703	37,324
Net income (loss) attributable to Holdings			$ 137,437	$ (10,154)	$ 13,606	$ 105,397	$ (11,968)	$ (1,774)	$ 26,367	$ 23,762		$ 246,286	$ 36,387	$ 114,552
Continuing operations (in dollars per share)			$ (0.74)	$ (0.45)	$ (0.44)	$ (0.18)	$ (0.49)	$ (0.34)	$ 0.15	$ (0.09)		$ (1.71)	$ (0.66)	$ (0.95)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share			2.44	0.12	0.09	1.47	0.15	0.13	0.02	0.23		4.17	0.56	1.68
Earnings per share, diluted			$ 1.70	$ (0.33)	$ (0.35)	$ 1.29	$ (0.34)	$ (0.21)	$ 0.17	$ 0.14		$ 2.46	$ (0.10)	$ 0.73
Goodwill, impaired, accumulated impairment loss			$ 167,697				$ 78,297					$ 167,697	$ 78,297			$ 167,697
Loss on debt extinguishment		$ 33,300										0	(534)	$ (33,305)
Gain on sale of discontinued operations, net of income tax												283,025	9,393	72,770
Revenue from Contract with Customer, Excluding Assessed Tax			566,989	$ 521,065	$ 486,889	$ 483,933	529,682	$ 533,066	$ 487,961	$ 458,421		2,058,876	2,009,130	1,723,502
Unrecognized Tax Benefits			29,322				1,216					29,322	1,216	1,254		29,322	$ 1,334
Unrecognized Tax Benefits, Discontinued Operations			27,900									27,900				27,900
Arnold
Selected Quarterly Financial Information [Line Items]
Goodwill impairment expense												0	0		$ (24,900)
Revenue from Contract with Customer, Excluding Assessed Tax												166,679	153,815	139,941
Ergobaby
Selected Quarterly Financial Information [Line Items]
Goodwill impairment expense												0	20,552
Revenue from Contract with Customer, Excluding Assessed Tax												93,859	88,435	93,631
Velocity Outdoor
Selected Quarterly Financial Information [Line Items]
Goodwill impairment expense				(32,600)								31,590	0			$ (64,500)
Revenue from Contract with Customer, Excluding Assessed Tax												172,190	232,238	270,426
PrimaLoft
Selected Quarterly Financial Information [Line Items]
Goodwill impairment expense			(56,800)									57,810	0
Revenue from Contract with Customer, Excluding Assessed Tax												67,053	24,744
Aci [Member]
Selected Quarterly Financial Information [Line Items]
Net sales	$ 8,829												89,503	90,487
Gross profit	3,663												41,064	41,049
Operating income	$ 1,058												23,617	25,232
Discontinued Operation, Tax (Expense) Benefit from Provision for (Gain) Loss on Disposal				3,400		6,800
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax					2,100	98,000						106,900
Marucci
Selected Quarterly Financial Information [Line Items]
Net sales											$ 167,898		165,411	118,166
Gross profit											94,891		83,628	64,377
Operating income											$ 17,073		$ 21,113	$ 16,419
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax			241,400									241,400
Marucci and ACI
Selected Quarterly Financial Information [Line Items]
Discontinued Operation, Tax (Expense) Benefit from Provision for (Gain) Loss on Disposal			65,300
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax												$ 348,400
Discontinued Operations, Disposed of by Sale
Selected Quarterly Financial Information [Line Items]
Discontinued Operation, Gain on Disposal of Discontinued Operation, Net of Tax			$ 179,530	$ 1,274	$ 4,232	$ 97,989	$ 2,500	$ 1,479	$ (579)	$ 5,993

Defined Benefit Plan - Summary of Allocation of Assets in Swiss Life's Group Life Portfolio (Detail) - Pension Plan	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Allocation of pension plan assets	100.00%
Certificates Of Deposit And Cash And Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Allocation of pension plan assets	1.00%
Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Allocation of pension plan assets	60.00%
Hedge Funds, Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Allocation of pension plan assets	14.00%
Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Allocation of pension plan assets	24.00%
Equity Method Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Allocation of pension plan assets	1.00%

Inventory, Property, Plant and Equipment - Summary of Inventory (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Raw materials and supplies	$ 97,209	$ 101,812
Work-in-process	25,516	29,979
Finished goods	646,406	576,914
Less: obsolescence reserve	(28,744)	(28,160)
Total	$ 740,387	$ 680,545

Supplemental Data

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Data

Supplemental Balance Sheet Data (in thousands):


Summary of accrued expenses	December 31,
	2023		2022

Accrued payroll and fringe benefits	$	44,039	$	31,386
Accrued taxes	13,759		15,608
Income taxes payable	3,878		3,141
Accrued interest	19,447		21,071
Accrued rebates and discounts	9,868		8,948
Warranty payable	1,375		1,530
Accrued inventory	33,478		74,858
Deferred revenue	7,350		7,093
Other accrued expenses	24,262		20,703
Total	$	157,456	$	184,338


Warranty liability	Year ended December 31,
	2023		2022

Beginning balance	$	1,530	$	1,838
Accrual	3,489		2,954
Warranty payments	(3,644)		(3,262)

Ending balance	$	1,375	$	1,530

Supplemental Statement of Operations Data (in thousands):


Other income (expense), net	Year ended December 31,
	2023		2022		2021
Foreign currency gain (loss)	$	(819)	$	(1,163)	$	27
Loss on sale of capital assets	(925)		(2,581)		(585)
Sublease income	1,434		1,330		995
Other income (expense)	2,053		93		(1,740)
	$	1,743	$	(2,321)	$	(1,303)

Supplemental Cash Flow Statement Data (in thousands):


	Year ended December 31,
	2023		2022		2021

Interest paid	$	108,418	$	86,286	$	58,547
Taxes paid	$	79,657	$	26,037	$	27,371

Investments

Arnold Joint Venture

Arnold is a 50% partner in a China rare earth mine-to-magnet joint venture. Arnold accounts for its activity in the joint venture utilizing the equity method of accounting. Gains and losses from the joint venture were not material for the years ended December 31, 2023, 2022 and 2021.

Altor Solutions

In September 2020, Altor invested $3.6 million in Rational Packaging, LLC, a designer and manufacturer of recyclable, paperboard-based structural packaging components. The investment will be accounted for as an equity method investment. Gains and losses from the investment were not material for the years ended December 31, 2023, 2022 and 2021.

Debt - Summary of Debt Holdings (Detail) - USD ($) $ in Thousands			12 Months Ended
	Jul. 12, 2022	Mar. 02, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Nov. 17, 2021	Mar. 23, 2021
Debt Instrument [Line Items]
Long-term debt, gross			$ 1,685,000
Unamortized premiums and debt issuance costs			(13,121)	$ (15,532)
Total debt			1,671,879	1,834,468
Less: Current portion, term loan facilities			(10,000)	(10,000)
Long term debt			$ 1,661,879	1,824,468
Document Period End Date			Dec. 31, 2023
Loss on debt extinguishment		$ 33,300	$ 0	(534)	$ (33,305)
Borrowings under credit facility			360,000	268,000	$ 557,000
Term Loan Facility
Debt Instrument [Line Items]
Long-term debt, gross				395,000
2022 Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross			0	155,000
2022 Term Loan
Debt Instrument [Line Items]
Long-term debt, gross			385,000
Senior notes due 2026 [Member]
Debt Instrument [Line Items]
Less: Current portion, term loan facilities		$ (600,000)
Debt Instrument, Interest Rate, Stated Percentage		8.00%
Debt Instrument, Redemption Price, Percentage		100.00%
Proceeds held in escrow		$ 647,700
2029 Senior Notes
Debt Instrument [Line Items]
Senior notes			1,000,000	$ 1,000,000
Debt issuance, aggregate principal amount			$ 1,000,000				$ 1,000,000
Debt Instrument, Interest Rate, Stated Percentage			5.25%				5.25%
Debt Instrument, Interest Rate, Effective Percentage			5.25%	5.25%
2032 Senior Notes
Debt Instrument [Line Items]
Senior notes			$ 300,000	$ 300,000
Debt issuance, aggregate principal amount			$ 300,000			$ 300,000
Debt Instrument, Interest Rate, Stated Percentage			5.00%			5.00%
Debt Instrument, Interest Rate, Effective Percentage			5.00%	5.00%
2021 credit facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							$ 250,000
2022 Term Loan
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			7.50%	5.20%
2022 Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage				5.98%
2022 Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 250,000
Borrowings under credit facility	$ 115,000
2022 Credit Facility \| Revolving Credit Facility \| Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.50%
2022 Credit Facility \| Revolving Credit Facility \| Eurodollar
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1.00%
2022 Credit Facility \| Revolving Credit Facility \| Minimum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1.50%
2022 Credit Facility \| Revolving Credit Facility \| Minimum \| Base Rate
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.50%
2022 Credit Facility \| Revolving Credit Facility \| Maximum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.50%
2022 Credit Facility \| Revolving Credit Facility \| Maximum \| Base Rate
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1.50%
Term Loan \| 2021 credit facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							$ 600,000
Line of Credit \| 2022 Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 600,000
2022 Term Loan \| 2022 Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	400,000
2022 Term Loan \| 2022 Credit Facility \| Revolving Credit Facility \| Minimum
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment	2,500
2022 Term Loan \| 2022 Credit Facility \| Revolving Credit Facility \| Maximum
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment	$ 7,500

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Intangible Assets

Goodwill

As a result of acquisitions of various businesses, the Company has significant intangible assets on its balance sheet that include goodwill and indefinite-lived intangibles. The Company’s goodwill and indefinite-lived intangibles are tested and reviewed for impairment annually as of March 31st or more frequently if facts and circumstances warrant by comparing the fair value of each reporting unit to its carrying value. Each of the Company’s businesses represent a reporting unit.

A reconciliation of the change in the carrying value of goodwill by segment for the years ended December 31, 2023 and 2022 are as follows (in thousands):


	Balance at January 1, 2023		Acquisitions/Measurement Period Adjustments (1)		Goodwill Impairment		Balance at December 31, 2023
5.11	$	92,966	$	—	$	—	$	92,966
BOA	254,153		—		—		254,153
Ergobaby	40,896		625		—		41,521
Lugano	86,337		—		—		86,337
PrimaLoft	291,150		(804)		(57,810)		232,536
Velocity Outdoor	39,773		—		(31,590)		8,183
Altor Solutions	91,129		—		—		91,129
Arnold	39,267		—		—		39,267
Sterno	55,336		—		—		55,336

Total	$	991,007	$	(179)	$	(89,400)	$	901,428

(1) Acquisition of businesses during the year ended December 31, 2023 includes an add-on acquisition at Ergobaby.


	Balance at January 1, 2022		Acquisitions/Measurement Period Adjustments (1)		Goodwill Impairment		Balance at December 31, 2022
5.11	$	92,966	$	—	$	—	$	92,966
BOA	254,153		—		—		254,153
Ergobaby	61,448		—		(20,552)		40,896
Lugano	83,458		2,879		—		86,337
PrimaLoft	—		291,150		—		291,150
Velocity Outdoor	30,079		9,694		—		39,773
Altor Solutions	90,843		286		—		91,129
Arnold	39,267		—		—		39,267
Sterno	55,336		—		—		55,336

Total	$	707,550	$	304,009	$	(20,552)	$	991,007

(1) Acquisition of businesses during the year ended December 31, 2022 includes the acquisition of PrimaLoft by the Company, and an add-on acquisition at Velocity.

Approximately $117.8 million of goodwill is deductible for income tax purposes at December 31, 2023.

Interim Impairment Testing

2023 Interim Impairment Testing

PrimaLoft - The Company performed an interim impairment test of goodwill at PrimaLoft as of December 31, 2023. As a result of operating results that were below forecast amounts that were used as the basis for the purchase price allocation performed when PrimaLoft was acquired as well as the failure of certain financial covenants in the intercompany credit agreement as of December 31, 2023, the Company determined that a triggering event had occurred. The Company performed the quantitative impairment test using both an income approach and a market approach. The prospective information used in the income approach considers macroeconomic data, industry and reporting unit specific facts and circumstances and is our best estimate of operational results and cash flows for the PrimaLoft reporting unit as of the date of our impairment testing. The discount rate used in the income approach was 11.3% The results of the quantitative impairment testing indicated that the fair value of the PrimaLoft reporting

unit did not exceed its carrying value, resulting in goodwill impairment expense of $57.8 million in the year ended December 31, 2023.

Velocity Outdoor - The Company performed interim quantitative impairment testing of goodwill at Velocity at August 31, 2023. As a result of operating results that were below the forecast that we used in the quantitative impairment test of Velocity Outdoor at March 31, 2023, the Company determined that a triggering event had occurred at Velocity in the third quarter of 2023 and performed an interim impairment test as of August 31, 2023. The Company used an income approach for the impairment test, whereby we estimate the fair value of the reporting unit based on the present value of future cash flows. Cash flow projections are based on management's estimate of revenue growth rates and operating margins, and take into consideration industry and market conditions as well as company specific economic factors. The Company used a weighted average cost of capital of 17% in the income approach. The discount rate used was based on the weighted average cost of capital adjusted for the relevant risk associated with business specific characteristics and Velocity's ability to execute on projected cash flows. Based on the results of the impairment test, the fair value of Velocity did not exceed its carrying value. The Company recorded goodwill impairment of $31.6 million during the year ended December 31, 2023.

2022 Interim Impairment Testing

Ergobaby - The Company performed interim quantitative impairment testing at Ergobaby of goodwill and the indefinite lived tradename at December 31, 2022. As a result of operating results that were below historical and forecast amounts, the Company determined that a triggering event had occurred at Ergobaby. The Company used an income approach for the impairment test, whereby we estimate the fair value of the reporting unit based on the present value of future cash flows. Cash flow projections are based on management's estimate of revenue growth rates and operating margins, and take into consideration industry and market conditions as well as company specific economic factors. The Company used a weighted average cost of capital of 16% in the income approach. The discount rate used was based on the weighted average cost of capital adjusted for the relevant risk associated with business specific characteristics and Ergobaby's ability to execute on projected cash flows. Based on the results of the impairment test, the fair value of Ergobaby did not exceed its carrying value. We recorded goodwill impairment of $20.6 million at December 31, 2022. For the indefinite lived tradename, quantitative testing indicated that the fair value exceeded the carrying value.

Annual Impairment Testing

The Company uses a qualitative approach to test goodwill and indefinite lived intangible assets for impairment by first assessing qualitative factors to determine whether it is more-likely than-not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform quantitative goodwill impairment testing.

2023 Annual Impairment Testing

The Company determined that the Velocity reporting unit required additional quantitative testing because we could not conclude that the fair value of the reporting unit exceeded its carrying value based on qualitative factors alone. For the reporting units that were tested only on a qualitative basis for the 2023 annual impairment testing, the results of the qualitative analysis indicated that it is more likely than not that the fair value exceeded the carrying value of these reporting units.

The quantitative test of Velocity was performed using an income approach to determine the fair value of the reporting unit. The discount rate used in the income approach was 15% and the results of the quantitative impairment testing indicated that the fair value of the Velocity reporting unit exceeded the carrying value by 21%.

2022 Annual Impairment Testing

The results of the qualitative analysis indicated that it was more-likely-than-not that the fair value of each of our reporting units exceeded their carrying value for the 2022 annual impairment testing.

2021 Annual Impairment Testing

The Company determined that the Arnold reporting unit required additional quantitative testing because we could not conclude that the fair value of the reporting unit exceeded its carrying value based on qualitative factors alone. The quantitative test of Arnold was performed using an income approach to determine the fair value of the reporting unit. The results of the quantitative impairment testing indicated that the fair value of the Arnold reporting unit exceeded the carrying value. For the reporting units that were tested only on a qualitative basis for the 2021 annual

impairment testing, the results of the qualitative analysis indicated that it is more likely than not that the fair value exceeded the carrying value of these reporting units.

The following is a summary of the net carrying amount of goodwill at December 31, 2023 and 2022 (in thousands):


	December 31, 2023		December 31, 2022
Goodwill - gross carrying amount	$	1,069,125	$	1,069,304
Accumulated impairment losses (1)	(167,697)		(78,297)
Goodwill - net carrying amount	$	901,428	$	991,007

(1) Includes goodwill impairment expense of $20.6 million recorded at Ergobaby, $64.5 million at Velocity $24.9 million at Arnold and $57.8 million at PrimaLoft. In the year ended December 31, 2023, the Company recorded $31.6 million of goodwill impairment expense at Velocity and $57.8 million of goodwill impairment expense at PrimaLoft. In the year ended December 31, 2022, the Company recorded $20.6 million in goodwill impairment expense at Ergobaby.

Intangible Assets

Intangible assets are comprised of the following (in thousands):


	December 31, 2023						December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Useful Lives
Customer relationships	$	772,423	$	(294,628)	$	477,795	$	770,982	$	(237,500)	$	533,482	14
Technology and patents	202,898		(66,035)		136,863		200,820		(51,169)		149,651		12
Trade names, subject to amortization	375,507		(124,648)		250,859		374,888		(101,577)		273,311		17
Non-compete agreements	4,638		(4,082)		556		4,638		(3,825)		813		5
Other contractual intangible assets	1,960		(1,593)		367		1,960		(1,185)		775		4
	1,357,426		(490,986)		866,440		1,353,288		(395,256)		958,032
Trade names, not subject to amortization	56,965		—		56,965		56,965		—		56,965
In-process research and development (1)	500		—		500		500		—		500
Total intangibles, net	$	1,414,891	$	(490,986)	$	923,905	$	1,410,753	$	(395,256)	$	1,015,497

(1) In-process research and development is considered indefinite lived until the underlying technology becomes viable, at which point the intangible asset will be amortized over the expected useful life.

The Company’s amortization expense of intangible assets for the years ended December 31, 2023, 2022 and 2021 totaled $95.8 million, $84.7 million and $73.7 million, respectively.

Estimated charges to amortization expense of intangible assets over the next five years, is as follows, (in thousands):


2024	$	94,326
2025	$	89,124
2026	$	82,825
2027	$	72,091
2028	$	69,958

Income Taxes - Components of the Company's Income Tax Provision (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current taxes
Federal	$ 25,727	$ 22,189	$ 17,760
State	5,458	5,526	3,835
Foreign	11,853	11,889	5,234
Total current taxes	43,038	39,604	26,829
Deferred taxes:
Federal	(20,974)	(3,079)	(11,277)
State	(798)	2,834	(1,823)
Foreign	65	(2,266)	1,538
Total deferred taxes	(21,707)	(2,511)	(11,562)
Total tax provision	$ 21,331	$ 37,093	$ 15,267

Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Carried at Fair Value Measured on Recurring Basis

The following table provides the assets and liabilities carried at fair value measured on a recurring basis as of December 31, 2022. There were no assets or liabilities measured on a recurring basis as of December 31, 2023.


	Fair Value Measurements at December 31, 2022
(in thousands)	Carrying Value		Level 1		Level 2		Level 3
Liabilities:
Put option of noncontrolling shareholders (1)	$	(142)	$	—	$	—	$	(142)
Contingent consideration - acquisition (2)	$	(1,300)	$	—	$	—	$	(1,300)
Total recorded at fair value	$	(1,442)	$	—	$	—	$	(1,442)

(1)Represents a put option issued to a noncontrolling shareholder in connection with the 5.11 acquisition. The put option was terminated during the period ended March 31, 2023.

(2)Represented a potential earn-out payable as additional purchase price consideration by Velocity in connection with the acquisition of King's Camo. The payment of the earn-out occurred during the second quarter of 2023.

Reconciliations of Change in Carrying Value of Level 3 Supplemental Put Liability

A reconciliation of the change in the carrying value of the Company’s Level 3 fair value measurements is as follows:


	Year ended December 31,
(in thousands)	2023		2022

Balance at January 1st	$	(1,442)	$	(1,501)
Termination of put option of noncontrolling shareholder- 5.11	142		—
Contingent consideration - King's Camo	—		(1,600)
Adjustment to contingent consideration - King's Camo	25		300
Payment of contingent consideration - Polyfoam	—		1,350
Payment of contingent consideration - Kings's Camo	1,275		—
Increase in the fair value of put option of noncontrolling shareholder - 5.11	—		9
Balance at December 31st	$	—	$	(1,442)

Summary of Assets and Liabilities Carried at Fair Value Measured on Non-recurring Basis

The following table provides the assets and liabilities carried at fair value measured on a non-recurring basis as of December 31, 2023 and December 31, 2022. Refer to "Note H – Goodwill and Intangible Assets", for a description of the valuation techniques used to determine fair value of the assets measured on a non-recurring basis in the tables below. There were no assets and liabilities carried at fair value measured on a non-recurring basis as of December 31, 2021.


							Expense
	Fair Value Measurements at December 31, 2023						Year ended
(in thousands)	Carrying Value		Level 1	Level 2	Level 3		December 31, 2023
Goodwill - Velocity	$	8,183	—	—	$	8,183	$	31,590
Goodwill - PrimaLoft	$	232,536	—	—	$	232,536	$	57,810

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other comprehensive income (loss)
Foreign currency translation adjustments	$ 2,188	$ (1,415)	$ (489)
Pension benefit liability, net of tax	(941)	1,307	917
Total comprehensive income, net of tax	263,652	51,330	127,237
Less: Net income attributable to noncontrolling interests	16,119	15,051	12,257
Less: Other comprehensive income (loss) attributable to noncontrolling interests	(122)	37	38
Total comprehensive income attributable to Holdings, net of tax	247,655	36,242	114,942
Net income	$ 262,405	$ 51,438	$ 126,809

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount of Net Income (Loss) attributable to noncontrolling interest.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

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-Publisher FASB
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-Paragraph 32
-Subparagraph (f)
-Publisher FASB
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Reference 29: http://www.xbrl.org/2003/role/exampleRef
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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 31: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Publisher FASB
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Reference 39: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cost of revenues	$ 1,165,553	$ 1,226,078	$ 1,061,922
Gross profit	893,323	783,052	661,580
Other income (expense):
Interest expense, net	(105,179)	(83,492)	(58,834)
Amortization of debt issuance costs	(4,038)	(3,740)	(2,979)
Loss on debt extinguishment	0	(534)	(33,305)
Other income (expense), net	1,743	(2,321)	(1,303)
Income Before Income Taxes	(17,405)	40,751	26,663
Operating expenses:
Selling, general and administrative expense	549,589	484,369	418,378
Management fees	68,445	62,604	46,443
Amortization expense	95,820	84,689	73,675
Impairment expense	89,400	20,552	0
Operating income	90,069	130,838	123,084
Provision for income taxes	21,331	37,093	15,267
Income (loss) from continuing operations	(38,736)	3,658	11,396
Income from continuing operations before income taxes	18,116	38,387	42,643
Gain on sale of discontinued operations, net of income tax	283,025	9,393	72,770
Net income	262,405	51,438	126,809
Less: Net income from continuing operations attributable to noncontrolling interest	15,945	10,367	6,938
Less: Net income from discontinued operations attributable to noncontrolling interest	174	4,684	5,319
Net income attributable to Holdings	246,286	36,387	114,552
Amounts attributable to common shares of Holdings:
Income (loss) from continuing operations	(54,681)	(6,709)	4,458
Income from discontinued operations, net of income tax	17,942	33,703	37,324
Gain on sale of discontinued operations, net of income tax	$ 283,025	$ 9,393	$ 72,770
Basic and fully diluted income (loss) per share attributable to Holdings (refer to Note K)
Continuing operations (in dollars per share)	$ (1.71)	$ (0.66)	$ (0.95)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	4.17	0.56	1.68
Weighted average number of shares outstanding - basic and fully diluted	$ 2.46	$ (0.10)	$ 0.73
Weighted Average Number of Shares Outstanding, Diluted	72,105,000	70,715,000	65,362,000
Cash distribution declared per share (refer to Note K)	$ 1.00	$ 1.00	$ 2.21
Revenue from Contract with Customer, Excluding Assessed Tax	$ 2,058,876	$ 2,009,130	$ 1,723,502

Acquisition of Businesses Acquisition - Schedule of Assets Acquired and Liabilities Assumed as of the Acquisition Date (Details) - USD ($) $ in Thousands					3 Months Ended	4 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jul. 12, 2022	Dec. 31, 2021	Sep. 03, 2021	Dec. 31, 2021	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets:
Goodwill	$ 991,007		$ 707,550		$ 707,550	$ 707,550	$ 991,007	$ 901,428	$ 991,007	$ 707,550
Liabilities and noncontrolling interest:
Unrecognized Tax Benefits, Discontinued Operations								27,900
Goodwill, Purchase Accounting Adjustments								(179)
Acquisition Consideration
Payment to acquire business								3,907	569,028	356,851
Lugano
Assets:
Cash			1,433	$ 1,433	1,433	1,433				1,433
Accounts receivable			20,954	20,954	20,954	20,954				20,954
Inventory			95,213	85,794	95,213	95,213				95,213
Property, Plant, and Equipment			3,135	2,743	3,135	3,135				3,135
Intangible assets			82,454	0	82,454	82,454				82,454
Goodwill			86,337	158,780	86,337	86,337				86,337
Other current and noncurrent assets			9,093	4,979	9,093	9,093				9,093
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total			212,282	115,903	212,282	212,282				212,282
Liabilities and noncontrolling interest:
Current liabilities			7,187	7,129	7,187	7,187				7,187
Other liabilities			3,175	0	3,175	3,175				3,175
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities			23,123	0	23,123	23,123				23,123
Total liabilities and noncontrolling interest			33,485	7,129	33,485	33,485				33,485
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net			178,797	108,774	178,797	178,797				178,797
Acquisition Consideration
Purchase price			265,134	267,554
Working capital adjustment			7,700	10,000
Payment to acquire business			256,000	256,000
Cash			(1,434)	(1,554)
Business Combination, Acquisition Related Costs				1,800
Purchase price, net				$ 265,100
Lugano \| Scenario, Adjustment
Assets:
Inventory basis step-up						9,419
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment						392
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles						82,454
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Current and Noncurrent Assets						4,114
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets						96,379
Business Combination, Provisional Information, Initial Accounting Incomplete, Other Current Liabilities						58
Liabilities and noncontrolling interest:
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Liabilities						3,175
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Tax Liabilities						23,123
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities						26,356
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net			$ 70,023		70,023	70,023				70,023
Goodwill, Purchase Accounting Adjustments						(72,443)
Acquisition Consideration
Working capital adjustment										(2,300)
Payment to acquire business										0
Cash										$ 120
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred					$ (2,420)	(2,420)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Cash						0
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Accounts Receivable						$ 0
PrimaLoft
Assets:
Cash	6,951	$ 6,951					6,951		6,951
Accounts receivable	2,992	2,992					2,992		2,992
Inventory	1,991	1,991					1,991		1,991
Property, Plant, and Equipment	1,058	1,058					1,058		1,058
Intangible assets	306,900	248,200					306,900		306,900
Goodwill	290,347	335,296					290,347	290,300	290,347
Other current and noncurrent assets	2,394	3,581					2,394		2,394
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total	322,286	264,773					322,286		322,286
Liabilities and noncontrolling interest:
Current liabilities	7,785	8,865					7,785		7,785
Other liabilities	360	360					360		360
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	63,376	51,268					63,376		63,376
Total liabilities and noncontrolling interest	71,521	60,493					71,521		71,521
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	250,765	204,280					250,765		250,765
Goodwill, Purchase Accounting Adjustments								$ (804)
Acquisition Consideration
Working capital adjustment	4,161	2,257
Payment to acquire business	530,000	530,000
Cash	(6,951)	(7,319)
Business Combination, Acquisition Related Costs		5,700
Purchase price, net		541,100
Business Combination, Consideration Transferred	541,112	$ 539,576
PrimaLoft \| Scenario, Adjustment
Assets:
Inventory basis step-up							0
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Property, Plant, and Equipment							0
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Intangibles							58,700
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Current and Noncurrent Assets							(1,187)
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Assets							57,513
Business Combination, Provisional Information, Initial Accounting Incomplete, Other Current Liabilities							(1,080)
Liabilities and noncontrolling interest:
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Liabilities							0
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Tax Liabilities							12,108
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities							11,028
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$ 46,485						46,485		$ 46,485
Goodwill, Purchase Accounting Adjustments							(44,949)
Acquisition Consideration
Working capital adjustment							1,904
Payment to acquire business							0
Cash							368
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred							1,536
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Cash							0
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Accounts Receivable							$ 0

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 02, 2019	Nov. 20, 2019	Mar. 13, 2018	Jun. 28, 2017
Class of Stock [Line Items]
Preferred Stock, Shares Issued	12,600,000	12,600,000
Preferred Stock, Shares Outstanding	12,600,000	12,600,000
Allowance for doubtful accounts receivable	$ 13,851	$ 17,970
Deferred debt issuance costs, accumulated amortization	$ 6,589	$ 2,805
Trust shares, par value (in dollars per share)	$ 0
Trust shares, authorized (in shares)	500,000,000
Trust shares, issued (in shares)	75,753,000	72,203,000
Trust shares, outstanding (in shares)	75,270,000	72,203,000
Preferred Stock, Shares Authorized	50,000,000
Preferred Stock, Shares Issued	12,600,000	12,600,000
Preferred Stock, Shares Outstanding	12,600,000	12,600,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Issued	4,000,000	4,000,000				4,000,000
Preferred Stock, Shares Outstanding	4,000,000	4,000,000
Preferred Stock, No Par Value	$ 0
Preferred Stock, Shares Issued	4,000,000	4,000,000				4,000,000
Preferred Stock, Shares Outstanding	4,000,000	4,000,000
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Issued	4,000,000	4,000,000			4,000,000
Preferred Stock, Shares Outstanding	4,000,000	4,000,000
Preferred Stock, No Par Value	$ 0
Preferred Stock, Shares Issued	4,000,000	4,000,000			4,000,000
Preferred Stock, Shares Outstanding	4,000,000	4,000,000
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Issued	4,600,000	4,600,000	600,000	4,000,000
Preferred Stock, Shares Outstanding	4,600,000	4,600,000
Preferred Stock, No Par Value	$ 0
Preferred Stock, Shares Issued	4,600,000	4,600,000	600,000	4,000,000
Preferred Stock, Shares Outstanding	4,600,000	4,600,000

Revenue

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue

The following tables provide disaggregation of revenue by reportable segment geography for the years ended December 31, 2023, 2022 and 2021 (in thousands).


	Year ended December 31, 2023
	United States		Mexico		Europe		Asia Pacific		Other International		Total
5.11	$	423,750	$	26,718	$	34,018	$	17,313	$	31,290	$	533,089
BOA (1)	41,036		22		56,073		58,139		555		155,825
Ergo	35,083		71		27,351		24,012		7,342		93,859
Lugano	304,761		—		3,102		73		385		308,321
PrimaLoft (2)	774		101		3,500		62,049		629		67,053
Velocity	156,853		1,141		4,393		617		9,186		172,190
Altor	204,598		33,432		—		—		—		238,030
Arnold	115,625		413		39,173		6,388		5,080		166,679
Sterno	312,239		1		3,354		10		8,226		323,830
	$	1,594,719	$	61,899	$	170,964	$	168,601	$	62,693	$	2,058,876


	Year ended December 31, 2022
	United States		Mexico		Europe		Asia Pacific		Other International		Total
5.11	$	384,911	$	19,110	$	34,389	$	16,677	$	31,126	$	486,213
BOA (1)	61,719		12		66,273		79,848		836		208,688
Ergo	32,207		76		28,210		22,903		5,039		88,435
Lugano	192,026		—		9,014		439		28		201,507
PrimaLoft (2)	1,583		56		1,881		20,623		601		24,744
Velocity	208,215		1,303		7,557		1,301		13,862		232,238
Altor	233,158		28,180		—		—		—		261,338
Arnold	105,899		456		38,602		6,490		2,368		153,815
Sterno	340,510		15		2,746		86		8,795		352,152
	$	1,560,228	$	49,208	$	188,672	$	148,367	$	62,655	$	2,009,130


	Year ended December 31, 2021
	United States		Mexico		Europe		Asia Pacific		Other International		Total
5.11	$	363,017	$	15,365	$	27,393	$	15,715	23,473		$	444,963
BOA (1)	52,804		37		57,570		53,735		1,004		$	165,150
Ergo	33,319		54		31,411		24,891		3,956		$	93,631
Lugano	53,662		—		—		385		—		$	54,047
Velocity	243,347		1,074		8,546		1,328		16,131		$	270,426
Altor	154,882		25,335		—		—		—		$	180,217
Arnold	96,944		471		33,828		6,086		2,612		$	139,941
Sterno	361,586		11		1,071		281		12,178		$	375,127
	$	1,359,561	$	42,347	$	159,819	$	102,421	$	59,354	$	1,723,502

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
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-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 12
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-Publisher FASB
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Fair Value Measurement

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurement


	Fair Value Measurements at December 31, 2022
(in thousands)	Carrying Value		Level 1		Level 2		Level 3
Liabilities:
Put option of noncontrolling shareholders (1)	$	(142)	$	—	$	—	$	(142)
Contingent consideration - acquisition (2)	$	(1,300)	$	—	$	—	$	(1,300)
Total recorded at fair value	$	(1,442)	$	—	$	—	$	(1,442)

(1)Represents a put option issued to a noncontrolling shareholder in connection with the 5.11 acquisition. The put option was terminated during the period ended March 31, 2023.

A reconciliation of the change in the carrying value of the Company’s Level 3 fair value measurements is as follows:


	Year ended December 31,
(in thousands)	2023		2022

Balance at January 1st	$	(1,442)	$	(1,501)
Termination of put option of noncontrolling shareholder- 5.11	142		—
Contingent consideration - King's Camo	—		(1,600)
Adjustment to contingent consideration - King's Camo	25		300
Payment of contingent consideration - Polyfoam	—		1,350
Payment of contingent consideration - Kings's Camo	1,275		—
Increase in the fair value of put option of noncontrolling shareholder - 5.11	—		9
Balance at December 31st	$	—	$	(1,442)

Valuation Techniques

Options of noncontrolling shareholders

The put option of noncontrolling shareholders was determined based on inputs that were not readily available in public markets or able to be derived from information available in publicly quoted markets. As such, the Company categorized the put option of the noncontrolling shareholders as Level 3. The primary inputs associated with this valuation were earnings before interest, taxes amortization and depreciation times a multiple established in the shareholder put option agreement, which was used to determine a per share equity value for the shares that could be put back to the Company. The put option was terminated during the period ended March 31, 2023.

Contingent Consideration

For certain acquisition of businesses that the Company or its subsidiaries make, a portion of the acquisition price will be contingent consideration. The following is a summary of the contingent consideration arrangements entered into by the Company's subsidiaries in the prior three years and the valuation methodologies:

•Velocity entered into a contingent consideration arrangement in connection with their purchase of King's Camo in July 2022. The purchase price of King's Camo included a potential earn-out of $3.0 million if King's Camo achieved certain financial metrics. The contingent consideration was valued at $1.6 million using probability weighted models. The earnout was reduced to $1.3 million at December 31, 2022 based on the expected payout amount. The payment of the earn-out occurred in April 2023.

•Altor Solutions entered into a contingent consideration arrangement in connection with their purchase of Polyfoam in July 2020. The purchase price of Polyfoam included a potential earn-out of $1.4 million if Polyfoam achieved certain financial metrics. The payment of the earn-out occurred on March 31, 2022.

Senior Notes

The Company's Senior Notes consisted of the following carrying value and estimated fair value (in thousands):


				Fair Value Hierarchy Level	December 31, 2023
	Maturity Date	Rate			Carrying Value		Fair Value
2032 Senior Notes	January 15, 2032	5.000	%	2	$	300,000	$	261,000
2029 Senior Notes	April 15, 2029	5.250	%	2	$	1,000,000	$	927,500

2022 Term Loan

At December 31, 2022, the carrying value of the principal under the Company's outstanding 2022 Term Loan, including the current portion, was $385 million, which approximates fair value because it bears interest at a variable interest rate that reflects changes in interest rates and changes in the Company's net leverage ratio. The estimated fair value of the outstanding 2022 Term Loan is classified as Level 2 in the fair value hierarchy.

Nonrecurring Fair Value Measurements


							Expense
	Fair Value Measurements at December 31, 2023						Year ended
(in thousands)	Carrying Value		Level 1	Level 2	Level 3		December 31, 2023
Goodwill - Velocity	$	8,183	—	—	$	8,183	$	31,590
Goodwill - PrimaLoft	$	232,536	—	—	$	232,536	$	57,810

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Inventory, Property, Plant and Equipment- Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Construction in Progress, Gross	$ 15,197	$ 17,654
Property, plant and equipment, gross	429,363	379,432
Less: accumulated depreciation	(236,801)	(194,931)
Total	192,562	184,501
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	238,168	218,959
Office furniture, computers and software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	67,652	59,860
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	95,530	70,330
Buildings and Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 12,816	$ 12,629

Commitments and Contingencies - Summary of Future Minimum Rental Commitments under Operating Leases (Detail) $ in Thousands	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2020	$ 44,194
2021	42,585
2022	41,606
2023	37,121
2024	29,645
Thereafter	76,417
Lessee, Operating Lease, Liability, Payments, Due	271,568
Less: Interest	68,754
Present value of lease liabilities	$ 202,814

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2023	Feb. 24, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Quarterly Report	true
Entity Incorporation, State or Country Code	DE
Document Type	10-K
Document Quarterly Report	false
Entity Address, Address Line One	301 Riverside Avenue, Second Floor
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Registrant Name	Compass Diversified Holdings
Entity Central Index Key	0001345126
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Voluntary Filers	No
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		75,270,329
Entity Public Float			$ 1,343,661,989
Entity Tax Identification Number	57-6218917
Entity File Number	001-34927
Entity Address, City or Town	Westport,
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06880
Local Phone Number	221-1703
City Area Code	203
Documents Incorporated by Reference [Text Block]	Certain information in the registrant’s definitive proxy statement to be filed with the Commission relating to the registrant’s 2024 Annual Meeting of Shareholders is incorporated by reference into Part III.
ICFR Auditor Attestation Flag	true
Auditor Location	New York, New York
Auditor Name	GRANT THORNTON LLP
Auditor Firm ID	248
Document Financial Statement Error Correction [Flag]	false
Shares Representing Beneficial Interests In Compass Diversified Holdings [Member]
Document Information [Line Items]
Security Exchange Name	NYSE
Trading Symbol	CODI
Title of 12(b) Security	Shares representing beneficial interests in Compass Diversified Holdings (“common shares”)
Series A Preferred Shares Representing Series A Trust Preferred Interest In Compass Diversified Holdings [Member]
Document Information [Line Items]
Security Exchange Name	NYSE
Trading Symbol	CODI PR A
Title of 12(b) Security	Series A Preferred Shares representing beneficial interests in Compass Diversified Holdings
Series B Preferred Shares Representing Series B Trust Preferred Interest In Compass Diversified Holdings [Member]
Document Information [Line Items]
Security Exchange Name	NYSE
Trading Symbol	CODI PR B
Title of 12(b) Security	Series B Preferred Shares representing beneficial interests in Compass Diversified Holdings
Series C Preferred Shares Representing Series C Trust Preferred Interest In Compass Diversified Holdings [Member] [Domain]
Document Information [Line Items]
Security Exchange Name	NYSE
Trading Symbol	CODI PR C
Title of 12(b) Security	Series C Preferred Shares representing beneficial interests in Compass Diversified Holdings

Noncontrolling Interest - Summary of Each Purchase of Noncontrolling Interest (Detail) - USD ($)
$ in Thousands

Feb. 01, 2022

Aug. 03, 2021

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Noncontrolling Interest [Line Items]

Stockholders' Equity Attributable to Noncontrolling Interest

$ 192,631

$ 203,464

5.11 Tactical

Noncontrolling Interest [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 55,000

Stockholders' Equity Attributable to Noncontrolling Interest

15,350

17,186

Business Combination, Consideration Transferred

$ 53,700

Ergobaby

Noncontrolling Interest [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 61,500

Stockholders' Equity Attributable to Noncontrolling Interest

16,756

16,020

Business Combination, Consideration Transferred

$ 50,200

Sterno Candle Lamp

Noncontrolling Interest [Line Items]

Stockholders' Equity Attributable to Noncontrolling Interest

2,117

2,046

Allocation Interests [Member]

Noncontrolling Interest [Line Items]

Stockholders' Equity Attributable to Noncontrolling Interest

$ 100

Primary | 5.11 Tactical

Noncontrolling Interest [Line Items]

% Ownership

^[1]

97.20%

97.70%

97.60%

Primary | Ergobaby

Noncontrolling Interest [Line Items]

% Ownership

^[1]

81.60%

81.70%

Primary | Sterno Candle Lamp

Noncontrolling Interest [Line Items]

% Ownership

^[1]

99.40%

100.00%

Fully Diluted | 5.11 Tactical

Noncontrolling Interest [Line Items]

% Ownership

^[1]

88.90%

88.30%

88.40%

Fully Diluted | Ergobaby

Noncontrolling Interest [Line Items]

% Ownership

^[1]

72.80%

72.70%

Fully Diluted | Sterno Candle Lamp

Noncontrolling Interest [Line Items]

% Ownership

^[1]

87.60%

90.70%

87.10%

[1]	The principal difference between primary and fully diluted percentages of our operating segments is due to stock option issuances of operating segment stock to management of the respective business.

Operating Segment Data - Summary of Goodwill and Identifiable Assets of Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended				48 Months Ended
	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2017	Dec. 31, 2023
Segment Reporting, Asset Reconciling Item [Line Items]
Goodwill		$ 901,428	$ 991,007	$ 707,550		$ 901,428
Identifiable assets of segments		2,192,990	2,153,537			2,192,990
Integration service fees		2,400	4,100	4,900
Goodwill impairment expense		(89,400)	(20,552)
Disposal Group, Including Discontinued Operation, Assets		0	388,168			0
5.11 Tactical
Segment Reporting, Asset Reconciling Item [Line Items]
Goodwill		92,966	92,966	92,966		92,966
Identifiable assets of segments		398,050	450,537			398,050
Goodwill impairment expense		0	0
Ergobaby
Segment Reporting, Asset Reconciling Item [Line Items]
Goodwill		41,521	40,896	61,448		41,521
Identifiable assets of segments		73,660	84,657			73,660
Goodwill impairment expense		0	(20,552)
Lugano
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets of segments		510,484	327,795			510,484
Arnold
Segment Reporting, Asset Reconciling Item [Line Items]
Goodwill		39,267	39,267	39,267		39,267
Identifiable assets of segments		110,883	105,196			110,883
Goodwill impairment expense		0	0		$ 24,900
Velocity Outdoor
Segment Reporting, Asset Reconciling Item [Line Items]
Goodwill		8,183	39,773	$ 30,079		8,183
Identifiable assets of segments		207,609	224,356			207,609
Goodwill impairment expense	$ 32,600	(31,590)	0			64,500
Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets of segments		2,597,312	2,172,734			2,597,312
UNITED STATES \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets of segments		2,505,586	2,089,784			2,505,586
Europe \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets of segments		58,688	49,062			58,688
Non United States \| Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets of segments		$ 33,038	$ 33,888			$ 33,038

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended				48 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2017	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Trade names, not subject to amortization	$ 56,965,000		$ 56,965,000	$ 56,965,000			$ 56,965,000
Goodwill - gross carrying amount	1,069,125,000		1,069,125,000	1,069,304,000			1,069,125,000
Goodwill impairment expense			89,400,000	20,552,000
Goodwill	901,428,000		901,428,000	991,007,000	$ 707,550,000		901,428,000
Carrying value of trade names	866,440,000		866,440,000	958,032,000			866,440,000
Goodwill deductible for income tax	117,800,000		117,800,000				117,800,000
Amortization expense			95,820,000	84,689,000	73,675,000
Trade name
Finite-Lived Intangible Assets [Line Items]
Carrying value of trade names	250,859,000		250,859,000	273,311,000			250,859,000
Arnold
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment expense			0	0		$ (24,900,000)
Goodwill	39,267,000		$ 39,267,000	39,267,000	39,267,000		39,267,000
Velocity Outdoor
Finite-Lived Intangible Assets [Line Items]
Impairment Assessment Assumptions Weighted Average Cost Of Capital		17.00%	15.00%
Goodwill impairment expense		$ (32,600,000)	$ 31,590,000	0			(64,500,000)
Goodwill	8,183,000		8,183,000	$ 39,773,000	30,079,000		8,183,000
Goodwill Impairment Testing, Fair Value Exceeding Carrying Value, Percent	0.21		0.21				0.21
Ergobaby
Finite-Lived Intangible Assets [Line Items]
Impairment Assessment Assumptions Weighted Average Cost Of Capital				16.00%
Goodwill impairment expense			0	$ 20,552,000
Goodwill	41,521,000		41,521,000	40,896,000	61,448,000		41,521,000
Altor
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment expense			0	0
Goodwill	91,129,000		$ 91,129,000	91,129,000	90,843,000		91,129,000
PrimaLoft
Finite-Lived Intangible Assets [Line Items]
Impairment Assessment Assumptions Weighted Average Cost Of Capital			11.30%
Goodwill impairment expense	(56,800,000)		$ 57,810,000	0
Goodwill	$ 232,536,000		$ 232,536,000	$ 291,150,000	$ 0		$ 232,536,000

Supplemental Data (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Supplemental Balance Sheet Data

Supplemental Balance Sheet Data (in thousands):


Summary of accrued expenses	December 31,
	2023		2022

Accrued payroll and fringe benefits	$	44,039	$	31,386
Accrued taxes	13,759		15,608
Income taxes payable	3,878		3,141
Accrued interest	19,447		21,071
Accrued rebates and discounts	9,868		8,948
Warranty payable	1,375		1,530
Accrued inventory	33,478		74,858
Deferred revenue	7,350		7,093
Other accrued expenses	24,262		20,703
Total	$	157,456	$	184,338


Warranty liability	Year ended December 31,
	2023		2022

Beginning balance	$	1,530	$	1,838
Accrual	3,489		2,954
Warranty payments	(3,644)		(3,262)

Ending balance	$	1,375	$	1,530

Schedule of Supplemental Statement of Operations Data

Supplemental Statement of Operations Data (in thousands):


Other income (expense), net	Year ended December 31,
	2023		2022		2021
Foreign currency gain (loss)	$	(819)	$	(1,163)	$	27
Loss on sale of capital assets	(925)		(2,581)		(585)
Sublease income	1,434		1,330		995
Other income (expense)	2,053		93		(1,740)
	$	1,743	$	(2,321)	$	(1,303)

Summary of Supplemental Cash Flow Data

Supplemental Cash Flow Statement Data (in thousands):


	Year ended December 31,
	2023		2022		2021

Interest paid	$	108,418	$	86,286	$	58,547
Taxes paid	$	79,657	$	26,037	$	27,371

Supplemental cash flow information related to leases was as follows (in thousands):


	Year ended December 31, 2023		Year ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	40,294	$	36,851
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	61,860	$	57,366

Debt - Summary of Actual Financial Ratios as Part of Affirmative Covenants Credit Facility (Detail)	12 Months Ended
	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Actual Fixed Charge Coverage Ratio	3.17
Actual Secured Debt To Ebitda Ratio	0.00%
Actual Debt To Ebitda Ratio	3.11
Total Debt To Ebitda Ratio	5.00	5.50	5.75

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Stockholder's Equity Stockholders' Equity - Summary of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
NetIncomeLossAvailabletoTrustNetofDistributions									$ (108,206)	$ (33,759)	$ (56,650)
Less: Effect of contribution based profit—Holding Event									15,424	13,032	5,348
Loss from continuing operations attributable to common shares									(123,630)	(46,791)	(61,998)
Income from continuing operations before income taxes									300,967	43,096	110,094
Income from discontinued operations of Holdings attributable to common shares									$ 300,967	$ 39,991	$ 110,081
Weighted Average Number of Shares Outstanding, Diluted									72,105,000	70,715,000	65,362,000
Income from operations—Basic and fully diluted (in dollars per share)	$ (0.74)	$ (0.45)	$ (0.44)	$ (0.18)	$ (0.49)	$ (0.34)	$ 0.15	$ (0.09)	$ (1.71)	$ (0.66)	$ (0.95)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	2.44	0.12	0.09	1.47	0.15	0.13	0.02	0.23	4.17	0.56	1.68
Earnings per share, diluted	$ 1.70	$ (0.33)	$ (0.35)	$ 1.29	$ (0.34)	$ (0.21)	$ 0.17	$ 0.14	$ 2.46	$ (0.10)	$ 0.73
Discontinued Operations, Disposed of by Sale
Class of Stock [Line Items]
Less: Effect of contribution based profit—Holding Event									$ 0	$ (3,105)	$ (13)

Revenue from Contract with Customer (Policies)	12 Months Ended
Revenue from Contract with Customer (Policies)	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue recognition The Company recognizes revenue when a customer obtains control of promised goods or services. The amount of revenue recognized reflects the consideration to which the Company expects to be entitled to receive in exchange for these goods or services, and excludes any sales incentives or taxes collected from customers which are subsequently remitted to government authorities. Refer to "Note E - Revenue" for a detailed description of the Company's revenue recognition policies. Performance Obligations - Revenues are recognized when control of the promised goods or service is transferred to the customer, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods and services. Each product or service represents a separate performance obligation. Once the performance obligations are identified, the Company determines the transaction price, which includes estimating the amount of variable consideration to be included in the transaction price, if any. The Company then allocates the transaction price to each performance obligation in the contract based on a relative stand-alone selling price method. The corresponding revenues are recognized as the related performance obligations are satisfied as discussed above. The Company determines standalone selling prices based on the price at which the performance obligation is sold separately. The standalone selling price is directly observable as it is the price at which the Company sells its products separately to the customer. The Company assesses promised goods or services as performance obligations deemed immaterial at the contract level. Revenue is recognized generally upon shipment terms for products and when the service is performed for services. Certain sale transactions at our Lugano operating segment also include a non-monetary exchange of inventory with customers whereby the consideration received for the sale transaction has a non-cash component. The transaction price for a sale to a customer includes all cash and non-cash consideration. The non-cash consideration represents the non-monetary exchange of inventory and is measured at the fair-value of the exchanged item. Shipping and handling costs - The Company accounts for shipping and handling activities performed after control of a good has been transferred to the customer as a fulfillment cost. Therefore, both revenue and costs of shipping and handling are recorded at the same time. As a result, any consideration (including freight and landing costs) related to these activities are included as a component of the overall transaction consideration and allocated to the performance obligations of the contract. Costs associated with shipment of products to a customer are accounted for as a fulfillment cost and are typically included in selling, general and administrative expense. Shipping and handling fees billed directly to customers are included in sales. Warranty - For product sales, the Company provides standard assurance-type warranties as the Company only warrants its products against defects in materials and workmanship (i.e., manufacturing flaws). Although the warranties are not required by law, the tasks performed over the warranty period are only to remediate instances when products do not meet the promised specifications. Customers do not have the option to purchase warranties separately. The Company’s warranty periods generally range from 90 days to three years depending on the nature of the product and are consistent with industry standards. The periods are reasonable to assure that products conform to specifications. The Company does not have a history of performing activities outside the scope of the standard warranty. Variable Consideration - The Company’s policy around estimating variable consideration related to sales incentives (early pay discounts, rights of return, rebates, chargebacks, and other discounts) included in certain customer contracts are recorded as a reduction in the transaction price. The Company applies the expected value method to estimate variable consideration. These estimates are based on historical experience, anticipated performance and the Company’s best judgment at the time and as a result, reflect applicable constraints. The Company includes in the transaction price an amount of variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. In certain of the Company’s arrangements related to product sales, a right of return exists, which is included in the transaction price. For these right of return arrangements, an asset (and corresponding adjustment to cost of sale) for its right to recover the products from the customers is recorded. The asset recognized is the carrying amount of the product (for example, inventory) less any expected costs to recover the products (including potential decreases in the value to the Company of the returned product). Additionally, the Company records a refund liability for the amount of consideration that it does not expect to be entitled. The amounts associated with right of return arrangements are not material to the Company's statement of position or operating results. Sales and Other Similar Taxes - The Company notes that under its contracts with customers, the customer is responsible for all sales and other similar taxes, which the Company will invoice the customer for if they are applicable. The Company excludes sales taxes and similar taxes from the measurement of transaction price. Cost to Obtain a Contract - The Company recognizes the incremental costs of obtaining a contract as an expense when incurred as the amortization period of the asset that the Company otherwise would have recognized is one year or less. Disaggregated Revenue - Revenue Streams & Timing of Revenue Recognition - The Company disaggregates revenue by strategic business unit and by geography for each strategic business unit which are categories that depict how the nature, amount and uncertainty of revenue and cash flows are affected by economic factors. The disaggregation in the tables below reflects where revenue is earned based on the shipping address of our customers unless otherwise noted. This disaggregation also represents how the Company evaluates its financial performance, as well as how the Company communicates its financial performance to the investors and other users of its financial statements. Each strategic business unit represents the Company’s reportable segments and offers different products and services.

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating Lease, Payments	$ 40,294	$ 36,851
Operating Lease, Weighted Average Remaining Lease Term	6 years 9 months 3 days	6 years 5 months 23 days
Operating Lease, Cost	$ 50,800	$ 42,500	$ 34,600
Operating Lease, Weighted Average Discount Rate, Percent	8.50%	7.76%
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 61,860	$ 57,366
Present value of lease liabilities	202,814
Other Commitments [Line Items]
Present value of lease liabilities	$ 202,814
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other current liabilities	Other current liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other non-current liabilities	Other non-current liabilities
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets	Other Assets

Stockholder's Equity Stockholder's Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Summary of Basic and Diluted Earnings Per Share

Basic and diluted earnings per share for the fiscal year ended December 31, 2023, 2022 and 2021 is calculated as follows:


	Year ended December 31,
(in thousands, except per share data)	2023		2022		2021
Net loss from continuing operations attributable to common shares of Holdings	$	(108,206)	$	(33,759)	$	(56,650)
Less: Effect of contribution based profit—Holding Event	15,424		13,032		5,348
Loss from continuing operations attributable to common shares	$	(123,630)	$	(46,791)	$	(61,998)


Income from discontinued operations attributable to Holdings	$	300,967	$	43,096	$	110,094
Less: Effect of contribution based profit	—		3,105		13
Income from discontinued operations of Holdings attributable to common shares	$	300,967	$	39,991	$	110,081

Basic and diluted weighted average common shares of Holdings outstanding	72,105		70,715		65,362

Basic and fully diluted income (loss) per common share attributable to Holdings

Continuing operations	$	(1.71)	$	(0.66)	$	(0.95)
Discontinued operations	4.17		0.56		1.68
	$	2.46	$	(0.10)	$	0.73

Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Incurred Management Fees

For the years ended December 31, 2023, 2022 and 2021, the Company incurred the following management fees to CGM, by entity:


	Year ended December 31,
(in thousands)	2023		2022		2021

5.11	$	1,000	$	1,000	$	1,000
BOA	1,000		1,000		1,000
Ergobaby	500		500		500
Lugano	750		750		188
PrimaLoft	1,000		500		N/a
Velocity	500		500		500
Altor Solutions	750		750		750
Arnold	500		500		500
Sterno	500		500		500
Corporate	61,945		56,604		41,505
	$	68,445	$	62,604	$	46,443

Supplemental Data - Summary of Supplemental Cash Flow Data (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Interest paid	$ 108,418	$ 86,286	$ 58,547
Taxes paid	$ 79,657	$ 26,037	$ 27,371

Operating Segment Data (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Summary of Net Sales of Operating Segments


Net Revenues	Year ended December 31,
(in thousands)	2023		2022		2021
5.11	$	533,089	$	486,213	$	444,963
BOA	155,825		208,688		165,150
Ergobaby	93,859		88,435		93,631
Lugano	308,321		201,507		54,047
PrimaLoft	67,053		24,744		—
Velocity Outdoor	172,190		232,238		270,426
Altor Solutions	238,030		261,338		180,217
Arnold	166,679		153,815		139,941
Sterno	323,830		352,152		375,127
Total segment revenue	2,058,876		2,009,130		1,723,502
Corporate	—		—		—
Total consolidated revenues	$	2,058,876	$	2,009,130	$	1,723,502

Revenues from Geographic Locations Outside Domestic Country

Revenue attributable to any individual foreign country was not material in 2023, 2022 or 2021.

Summary of Profit (Loss) of Operating Segments


Identifiable Assets	December 31,
(in thousands)	2023		2022(1)
United States	$	2,505,586	$	2,089,784
Europe	58,688		49,062
Other international	33,038		33,888
Total identifiable assets	$	2,597,312	$	2,172,734

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Class of Stock [Line Items]

Cash and cash equivalents

$ 450,477

$ 56,599

Deferred tax assets recorded

107,030

94,223

Valuation allowance

^[1]

10,510

21,104

Advertising costs

33,400

31,900

$ 26,100

Research and development expense

14,600

12,300

11,400

Total employer contributions to plans

5,100

4,600

3,200

Share-based Payment Arrangement, Expense

10,700

12,000

$ 9,800

Stock compensation expense in future years for unvested options

$ 48,500

Business Acquisitions

Class of Stock [Line Items]

Share of the voting interest percentage

50.00%

Foreign | Subsidiaries

Class of Stock [Line Items]

Cash and cash equivalents

$ 24,800

$ 24,400

[1]	Primarily relates to the Trust and 5.11, Arnold, Ergo and Velocity operating segments.

Debt

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Debt

Financing Arrangements

2022 Credit Facility

On July 12, 2022, the LLC entered into the Third Amended and Restated Credit Agreement (the "2022 Credit Facility") to amend and restate the 2021 Credit Facility. The 2022 Credit Facility provides for revolving loans, swing line loans and letters of credit ("the 2022 Revolving Line of Credit") up to a maximum aggregate amount of $600 million ("the 2022 Revolving Loan Commitment") and a $400 million term loan (the “2022 Term Loan”). The 2022 Term Loan requires quarterly payments ranging from $2.5 million to $7.5 million, commencing September 30, 2022, with a final payment of all remaining principal and interest due on July 12, 2027, which is the 2022 Term Loan’s maturity date. All amounts outstanding under the 2022 Revolving Line of Credit will become due on July 12, 2027, which is the termination date of the 2022 Revolving Loan Commitment. The 2022 Credit Facility also permits the LLC, prior to the applicable maturity date, to increase the Revolving Loan Commitment and/or obtain additional term loans in an aggregate amount of up to $250 million, subject to certain restrictions and conditions. On the closing date for the 2022 Credit Facility, the 2022 Term Loan was advanced in full and the initial borrowings outstanding under the 2022 Revolving Line of Credit were $115 million. We used the initial proceeds from the 2022 Credit Facility to pay all amounts outstanding under the 2021 Credit Facility, pay fees and expenses incurred in connection with the 2022 Credit Facility and fund the acquisition of PrimaLoft.

The LLC may borrow, prepay and reborrow principal under the 2022 Revolving Credit Facility from time to time during its term. Advances under the 2022 Revolving Line of Credit can be either term Secured Overnight Financing Rate ("SOFR") loans or base rate loans. Term SOFR revolving loans bear interest on the outstanding principal amount thereof for each interest period at a rate per annum based on the applicable SOFR as administered by the Federal Reserve Bank of New York (or a successor administrator), as adjusted, plus a margin ranging from 1.50% to 2.50%, based on the ratio of consolidated net indebtedness to adjusted consolidated earnings before interest expense, tax expense, and depreciation and amortization expenses for such period (the “Consolidated Total Leverage Ratio”). Base rate revolving loans bear interest on the outstanding principal amount thereof at a rate per annum equal to the highest of (i) Federal Funds rate plus 0.50%, (ii) the “prime rate”, and (iii) the applicable SOFR plus 1.0% (the “Base Rate”), plus a margin ranging from 0.50% to 1.50%, based on the Company's Consolidated Total Leverage Ratio.

Advances under the 2022 Term Loan can be either term SOFR loans or base rate loans. The 2022 Term Loan was advanced in full on the closing date for the 2022 Credit Facility as a Term SOFR loan with an interest period of one month. On the last day of an interest period, Term SOFR loans may be converted to Term SOFR loans of a different interest period or to Base Rate loans. Term SOFR term loans bear interest on the outstanding principal amount thereof for each interest period at a rate per annum based on the Term SOFR for such interest period plus a margin ranging from 1.50% to 2.50%, based on the Consolidated Total Leverage Ratio. Base rate term loans bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus a margin ranging from 0.50% to 1.50%, based on the Consolidated Total Leverage Ratio.

2021 Credit Facility

On March 23, 2021, we entered into a Second Amended and Restated Credit Agreement (the "2021 Credit Facility") to amend and restate the 2018 Credit Facility (as previously restated and amended) among the LLC, the lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent. The 2021 Credit Facility provided for revolving loans, swing line loans and letters of credit up to a maximum aggregate amount of $600 million and also permitted the LLC, prior to the applicable maturity date, to increase the revolving loan commitment and/or obtain term loans in an aggregate amount of up to $250 million, subject to certain restrictions and conditions. The Company repaid the outstanding amounts under the 2021 credit facility in the third quarter of 2022 in connection with entering into the 2022 Credit Facility.

Senior Notes

2032 Senior Notes

On November 17, 2021, we consummated the issuance and sale of $300 million aggregate principal amount of our 5.000% Senior Notes due 2032 (the “2032 Notes” of "2032 Senior Notes") offered pursuant to a private offering to qualified institutional buyers in accordance with Rule 144A under the Securities Act, and to non-U.S. persons under Regulation S under the Securities Act. The 2032 Notes were issued pursuant to an indenture, dated as of

November 17, 2021 (the “2032 Notes Indenture”), between the Company and U.S. Bank National Association, as trustee (the “Trustee”). The 2032 Notes bear interest at the rate of 5.000% per annum and will mature on January 15, 2032. Interest on the 2032 Notes is payable in cash on January 15 and July 15 of each year, beginning on July 15, 2022.

The proceeds from the sale of the 2032 Notes was used to repay a portion of our debt outstanding under the 2021 Revolving Credit Facility.

2029 Senior Notes

On March 23, 2021, we consummated the issuance and sale of $1,000 million aggregate principal amount of our 5.250% Senior Notes due 2029 (the "2029 Notes" or "2029 Senior Notes") offered pursuant to a private offering to qualified institutional buyers in accordance with Rule 144A under the Securities Act, and to non-U.S. persons under Regulation S under the Securities Act. The 2029 Notes were issued pursuant to an indenture, dated as of March 23, 2021 (the “2029 Notes Indenture”), between the Company and U.S. Bank National Association, as trustee (the "Trustee"). The 2029 Notes bear interest at the rate of 5.250% per annum and will mature on April 15, 2029. Interest on the 2029 Notes is payable in cash on April 15th and October 15th of each year. The first interest payment date on the 2029 Senior Notes was October 15, 2021. The 2029 Notes are general unsecured obligations of the Company and are not guaranteed by our subsidiaries. The proceeds from the sale of the 2029 Notes was used to repay debt outstanding under the 2018 Credit Facility in connection with our entry into the 2021 Credit Facility, as described above, and to redeem our 8.000% Senior Notes due 2026 (the “2026 Senior Notes”).

The 2032 Notes and the 2029 Notes rank equal in right of payment with all of the Company’s existing and future senior unsecured indebtedness, and rank senior in right of payment to all of the Company’s future subordinated indebtedness, if any. The 2032 Notes and the 2029 Notes will be effectively subordinated to the Company’s existing and future secured indebtedness, to the extent of the value of the assets securing such indebtedness, including the indebtedness under the Company’s credit facilities described below. The 2032 Notes Indenture and the 2029 Notes Indenture contains several restrictive covenants including, but not limited to, limitations on the following: (i) the incurrence of additional indebtedness, (ii) restricted payments, (iii) the purchase, redemption or retirement of capital stock or subordinated debt, (iv) dividends and other payments affecting restricted subsidiaries, (v) transactions with affiliates, (vi) asset sales and mergers and consolidations, (vii) future subsidiary guarantees and (viii) incurring liens, (ix) entering into sale-leaseback transactions and (x) making certain investments, subject in each case to certain exceptions.

2026 Senior Notes

Our 2026 Senior Notes bore interest at 8.000% per annum and were scheduled to mature on May 1, 2026. On March 2, 2021, pursuant to an indenture, dated as of April 18, 2018 between the Company and U.S. Bank National Association, as trustee ("Trustee"), the Trustee delivered redemption notices, on behalf of the Company, to holders of the Company’s 2026 Senior Notes to redeem the 2026 Senior Notes on April 1, 2021. The principal amount of the 2026 Senior Notes redeemed was $600 million, which represented all of the outstanding principal of the 2026 Senior Notes. The 2026 Senior Notes were redeemed at 100% of their principal, plus an applicable premium, and accrued and unpaid interest as of the redemption date. On March 23, 2021, the proceeds required for the redemption of the 2026 Senior Notes, the applicable premium and accrued interest totaling $647.7 million was irrevocably deposited with the Trustee and held by the Trustee until the date of redemption, April 1, 2021. The redemption of the 2026 Senior Notes resulted in a Loss on Debt Extinguishment of approximately $33.3 million, which is comprised of the premium paid for early redemption of the 2026 Senior Notes, and the expensing of the deferred financing costs and bond premium associated with the 2026 Senior Notes.

The following table provides the Company’s outstanding long-term debt and effective interest rates at December 31, 2023 and December 31, 2022 (in thousands):


	December 31, 2023			December 31, 2022
	Effective Interest Rate	Amount		Effective Interest Rate	Amount
2029 Senior Notes	5.25%	$	1,000,000	5.25%	$	1,000,000
2032 Senior Notes	5.00%	300,000		5.00%	300,000
2022 Term Loan	7.50%	385,000		5.20%	395,000
2022 Revolving Credit Facility		—		5.98%	155,000
Unamortized premiums and debt issuance costs		(13,121)			(15,532)
Total debt		$	1,671,879		$	1,834,468
Less: Current portion, term loan facilities		(10,000)			(10,000)
Long-term debt		$	1,661,879		$	1,824,468

Annual maturities of the Company's debt obligations are as follows (in thousands):


2024	$	10,000
2025	15,000
2026	25,000
2027	335,000
2028	—
2029 and thereafter	1,300,000
	$	1,685,000

Debt Issuance Costs

Deferred debt issuance costs represent the costs associated with the issuance of the Company's financing arrangements. In connection with entering into the 2022 Credit Facility, the Company recognized $2.5 million in deferred financing costs associated with the 2022 Term Loan, and $2.8 million in deferred financing costs associated with the 2022 Revolving Credit Facility. In connection with the 2032 Senior Notes offering in November 2021, the Company recorded $4.3 million in deferred financing costs, and $12.0 million in deferred financing costs related to the 2029 Senior Notes offering in March 2021. The Company recorded $5.4 million in deferred financing costs in connection with entry into the 2021 Credit Facility, $0.5 million of which was recorded as a loss on debt extinguishment upon entry into the 2022 Credit Facility. The net deferred financing costs associated with the Company's 2026 Senior Notes were $7.2 million at March 31, 2021, and were expensed on April 1, 2021, the date of the redemption of the 2026 Senior Notes.

Since the Company can borrow, repay and reborrow principal under the 2022 Revolving Credit Facility, the debt issuance costs associated with the 2022 Revolving Credit Facility have been classified as other non-current assets in the accompanying consolidated balance sheet. The debt issuance costs associated with the 2022 Term Loan and Senior Notes are classified as a reduction of long-term debt in the accompanying consolidated balance sheets.

The following table summarizes debt issuance costs at December 31, 2023 and December 31, 2022, and the balance sheet classification in each of the periods presents (in thousands):


	December 31,
	2023		2022
Deferred debt issuance costs	$	32,526	$	32,526
Accumulated amortization	(13,779)		(9,760)
Deferred debt issuance costs, net	$	18,747	$	22,766

Balance sheet classification:
Other noncurrent assets	$	5,626	$	7,234
Long-term debt	13,121		15,532
	$	18,747	$	22,766

Covenants

The Company is subject to certain customary affirmative and restrictive covenants arising under the 2022 Credit Facility. The following table reflects required and actual financial ratios as of December 31, 2023 included as part of the affirmative covenants in the 2022 Credit Facility:

Description of Required Covenant Ratio

Covenant Ratio Requirement

Actual Ratio

Fixed Charge Coverage Ratio

Greater than or equal to 1.50: 1.00

3.17:1:00

Total Secured Debt to EBITDA Ratio

Less than or equal to 3.50: 1.00

0.00:1:00

Total Debt to EBITDA Ratio

Less than or equal to 5.00: 1.00

3.11:1:00

The Company exercised an option under our 2022 Credit Facility to increase our Consolidated Total Leverage Ratio to 5.75:1.00 as of December 31, 2022. This ratio declined to 5.50:1.00 on June 30, 2023, and to 5.00:1.00 on December 31, 2023.

A breach of any of these covenants will be an event of default under the 2022 Credit Facility. Upon the occurrence of an event of default under the 2022 Credit Facility, the 2022 Revolving Credit Facility may be terminated, and all outstanding loans and other obligations under the 2022 Credit Facility may become immediately due and payable and any letters of credit then outstanding may be required to be cash collateralized, and the Agent and the Lenders may exercise any rights or remedies available to them under the 2022 Credit Facility. Any such event would materially impair the Company’s ability to conduct its business. As of December 31, 2023, the Company was in compliance with all covenants as defined in the 2022 Credit Facility.

Letters of credit

The 2022 Credit Facility allows for letters of credit in an aggregate face amount of up to $100 million. Letters of credit outstanding at both December 31, 2023 and December 31, 2022 totaled $2.2 million.

Interest expense

The following details the components of interest expense in each of the years ended December 31, 2023, 2022 and 2021:


	Year ended December 31,
(in thousands)	2023		2022		2021

Interest on credit facilities	$	37,269	$	13,842	$	2,669
Interest on Senior Notes	67,500		67,500		54,441
Unused fee on Revolving Credit Facility	1,998		1,913		1,598
Amortization of debt premium	—		—		(83)

Other interest expense	363		286		222
Interest income	(1,951)		(49)		(13)
Interest expense, net	$	105,179	$	83,492	$	58,834

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Deconsolidation, Effects of IPO

The following tables reflect the Company’s percentage ownership of its businesses, as of December 31, 2023, 2022 and 2021 and related noncontrolling interest balances as of December 31, 2023 and 2022:


	% Ownership (1) December 31, 2023		% Ownership (1) December 31, 2022		% Ownership (1) December 31, 2021
	Primary	Fully Diluted	Primary	Fully Diluted	Primary	Fully Diluted
5.11	97.2	88.9	97.7	88.3	97.6	88.4
BOA	91.8	83.2	91.8	83.5	91.8	83.8
Ergobaby	81.6	72.8	81.6	72.8	81.7	72.7
Lugano	59.9	55.5	59.9	55.2	59.9	58.1
PrimaLoft	90.7	83.1	90.7	83.7	N/a	N/a
Velocity	99.4	87.7	99.4	87.7	99.3	87.6
Altor	99.3	89.8	99.8	88.2	100.0	91.2
Arnold	98.0	85.5	98.0	85.5	98.0	85.5
Sterno	99.4	87.6	99.4	90.7	100.0	87.1

(1)The principal difference between primary and fully diluted percentages of our operating segments is due to stock option issuances of operating segment stock to management of the respective business.


	Noncontrolling Interest Balances
(in thousands)	December 31, 2023		December 31, 2022
5.11	$	15,350	$	17,186
BOA	8,316		36,215
Ergobaby	16,756		16,020
Lugano	105,425		82,967
PrimaLoft	30,736		36,263
Velocity	6,770		6,115
Altor	5,354		5,077
Arnold	1,707		1,475
Sterno	2,117		2,046
Allocation Interests	100		100
	$	192,631	$	203,464

Summary of Ranges of Useful Lives

The ranges of useful lives are as follows:


Buildings and improvements			6 to 40 years
Machinery and equipment			2 to 18 years
Office furniture, computers and software			2 to 8 years
Leasehold improvements			Shorter of useful life or lease term

Acquisition of Businesses Acquisition - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net income (loss) attributable to Holdings	$ 137,437	$ (10,154)	$ 13,606	$ 105,397	$ (11,968)	$ (1,774)	$ 26,367	$ 23,762	$ 246,286	$ 36,387	$ 114,552
Lugano and PrimaLoft
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Acquisition, Pro Forma Revenue											1,860,442
Business Acquisition, Pro Forma Gross Profit											736,712
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations, Net of Tax											136,011
Business Acquisition, Pro Forma Net Income (Loss)											40,173
Net income (loss) attributable to Holdings											$ 28,147
Business Acquisition, Pro Forma Earnings Per Share, Basic											$ (0.59)
PrimaLoft
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Acquisition, Pro Forma Revenue										2,064,315
Business Acquisition, Pro Forma Gross Profit										816,840
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations, Net of Tax										140,643
Business Acquisition, Pro Forma Net Income (Loss)										51
Net income (loss) attributable to Holdings										$ (10,755)
Business Acquisition, Pro Forma Earnings Per Share, Basic										$ (0.76)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Derivative Instruments and Hedging Activities - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Debt Instrument, Unamortized Discount	$ 13,121	$ 15,532
Deferred debt issuance costs	$ 32,526	$ 32,526

Operating Segment Data

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Operating Segment Data

At December 31, 2023, the Company had nine reportable operating segments. Each operating segment represents a platform acquisition. The Company’s operating segments are strategic business units that offer different products and services. While each is actively managed by the Company, they are managed separately because each business requires different technology and marketing strategies. A description of each of the reportable segments and the types of products from which each segment derives its revenues is as follows:

•5.11 is a leading provider of purpose-built technical apparel and gear for law enforcement, firefighters, EMS, and military special operations as well as outdoor and adventure enthusiasts. 5.11 is a brand known for innovation and authenticity, and works directly with end users to create purpose-built apparel and gear designed to enhance the safety, accuracy, speed and performance of tactical professionals and enthusiasts worldwide. Headquartered in Costa Mesa, California, 5.11 operates sales offices and distribution centers globally, and 5.11 products are widely distributed in uniform stores, military exchanges, outdoor retail stores, its own retail stores and on 511tactical.com.

•BOA, creator of the revolutionary, award-winning, patented BOA Fit System, partners with market-leading brands to make the best gear even better. Delivering fit solutions purpose-built for performance, the BOA Fit System is featured in footwear across snow sports, cycling, outdoor, athletic, workwear as well as performance headwear and bracing. The system consists of three integral parts: a micro-adjustable dial, high-tensile lightweight laces, and low friction lace guides creating a superior alternative to laces, buckles, Velcro, and other traditional closure mechanisms. Each unique BOA configuration is designed with brand partners to deliver superior fit and performance for athletes, is engineered to perform in the toughest conditions and is backed by The BOA Lifetime Guarantee. BOA is headquartered in Denver, Colorado and has offices in Austria, Greater China, South Korea, and Japan.

•Ergobaby, headquartered in Torrance, California, is a designer, marketer and distributor of wearable baby carriers and accessories, blankets and swaddlers, nursing pillows, strollers, bouncers and related products. Ergobaby primarily sells its Ergobaby and Baby Tula branded products through brick-and-mortar retailers, national chain stores, online retailers, its own websites and distributors and derives more than 50% of its sales from outside of the United States.

•Lugano Diamonds is a leading designer, manufacturer and marketer of high-end, one-of-a-kind jewelry sought after by some of the world’s most discerning clientele. Lugano conducts sales via its own retail salons as well as pop-up showrooms at Lugano-hosted or sponsored events in partnership with influential organizations in the equestrian, art and philanthropic community. Lugano is headquartered in Newport Beach, California.

•PrimaLoft is a leading provider of branded, high-performance synthetic insulation and materials used primarily in consumer outerwear, and accessories. The portfolio of PrimaLoft synthetic insulations offers products that can both mimic natural down aesthetics and provide the freedom to design garments ranging from stylish puffers to lightweight performance apparel. PrimaLoft insulations also offer superior economics to the brand partner and enable better sustainability characteristics through the use of recycled, low-carbon inputs. PrimaLoft is headquartered in Latham, New York.

•Velocity Outdoor is a leading designer, manufacturer, and marketer of airguns, archery products, laser aiming devices, hunting apparel and related accessories. Velocity Outdoor offers its products under the Crosman, Benjamin, LaserMax, Ravin, CenterPoint and King's Camo brands that are available through national retail chains, mass merchants, dealer and distributor networks. The airgun product category consists of air rifles, air pistols and a range of accessories including targets, holsters and cases. Velocity Outdoor's other primary product categories are archery, with products including CenterPoint and Ravin crossbows, consumables, which includes steel and plastic BBs, lead pellets and CO2 cartridges, lasers for firearms, and airsoft products. The apparel category offers high-performance, feature rich hunting and casual apparel of uncompromised quality utilizing King’s own proprietary camo patterns.

•Altor Solutions is a designer and manufacturer of custom molded protective foam solutions and original equipment manufacturer components made from expanded polystyrene and expanded polypropylene. Altor provides products to a variety of end markets, including appliances and electronics, pharmaceuticals, health and wellness, automotive, building and other products. Altor is headquartered in Scottsdale, Arizona and operates 15 molding and fabricating facilities across North America.

•Arnold is a global solutions provider and manufacturer of engineered magnetic solutions for a wide range of specialty applications and end-markets, including aerospace and defense, general industrial, motorsport/ transportation, oil and gas, medical, energy, reprographics and advertising specialties. Arnold engineers solutions for and produces high performance permanent magnets (PMAG), stators, rotors and full electric motors ("Ramco"), precision foil products (Precision Thin Metals or "PTM"), and flexible magnets (Flexmag™) that are mission critical in motors, generators, sensors and other systems and components. Based on its long-term relationships, Arnold has built a diverse and blue-chip customer base totaling more than 2,000 customers and leading systems-integrators worldwide with a focus on North America, Europe, and Asia. Arnold has built a preferred rare earth supply chain and has leading rare earth and other permanent magnet production capabilities. Arnold is headquartered in Rochester, New York.

•Sterno is a leading manufacturer and marketer of portable food warming systems, creative indoor and outdoor lighting, and home fragrance solutions for the consumer markets. Sterno also manufactures creative indoor and outdoor lighting and home fragrance solutions for consumer markets. Sterno offers a broad range of wick and gel chafing systems, butane stoves and accessories, liquid and traditional wax candles, catering equipment and lamps through Sterno Products, as well as scented wax cubes, warmer products, outdoor lighting and essential oils used for home decor and fragrance systems, through Rimports. Sterno is headquartered in Plano, Texas.

The tabular information that follows shows data for each of the operating segments reconciled to amounts reflected in the consolidated financial statements. The operations of each of the operating segments are included in consolidated operating results as of their date of acquisition. Segment profit is determined based on internal performance measures used by the Manager to assess the performance of each business. Corporate consists of corporate overhead and management fees that are not allocated to any of the Company's reportable segments. There were no significant inter-segment transactions.

Summary of Operating Segments


Net Revenues	Year ended December 31,
(in thousands)	2023		2022		2021
5.11	$	533,089	$	486,213	$	444,963
BOA	155,825		208,688		165,150
Ergobaby	93,859		88,435		93,631
Lugano	308,321		201,507		54,047
PrimaLoft	67,053		24,744		—
Velocity Outdoor	172,190		232,238		270,426
Altor Solutions	238,030		261,338		180,217
Arnold	166,679		153,815		139,941
Sterno	323,830		352,152		375,127
Total segment revenue	2,058,876		2,009,130		1,723,502
Corporate	—		—		—
Total consolidated revenues	$	2,058,876	$	2,009,130	$	1,723,502


Segment Profit (Loss)	Year ended December 31,
(in thousands)	2023		2022		2021
5.11	$	46,699	$	43,531	$	39,374
BOA	27,291		57,810		33,976
Ergobaby (1)	4,820		(16,814)		9,087
Lugano	100,306		53,015		9,923
PrimaLoft (1)	(57,057)		(13,832)		—
Velocity Outdoor (1)	(32,828)		18,961		39,725
Altor Solutions	34,566		24,591		17,962
Arnold	21,587		16,700		11,988
Sterno	24,852		19,801		19,877
Total segment operating income	170,236		203,763		181,912
Corporate (2)	(80,167)		(72,925)		(58,828)
Total consolidated operating income	90,069		130,838		123,084
Reconciliation of segment operating income (loss) to consolidated income from continuing operations before income taxes:
Interest expense, net	(105,179)		(83,492)		(58,834)
Amortization of debt issuance costs	(4,038)		(3,740)		(2,979)
Loss on debt extinguishment	—		(534)		(33,305)
Other income (expense), net	1,743		(2,321)		(1,303)
Total consolidated income (loss) from continuing operations before income taxes	$	(17,405)	$	40,751	$	26,663

(1) Segment loss for the PrimaLoft and Velocity operating segments for the year ended December 31, 2023 includes goodwill impairment expense of $57.8 million and $31.6 million, respectively. Segment loss for the Ergobaby operating segment for the year ended December 31, 2022 includes goodwill impairment expense of $20.6 million.

(2) Corporate operating loss is comprised of management fees to CGM and corporate overhead expenses.


Depreciation and Amortization Expense	Year ended December 31,
(in thousands)	2023		2022		2021

5.11	$	25,714	$	22,742	$	22,048
BOA	22,659		21,751		19,999
Ergobaby	8,011		8,007		8,405
Lugano	7,413		5,648		1,881
PrimaLoft	21,155		9,664		—
Velocity Outdoor	13,100		13,030		12,451
Altor Solutions	16,495		16,157		12,700
Arnold	8,279		7,878		8,728
Sterno	19,541		19,842		22,918
Total	142,367		124,719		109,130
Reconciliation of segment to consolidated total:
Amortization of debt issuance costs and debt premiums	4,038		3,740		2,896
Consolidated total	$	146,405	$	128,459	$	112,026


	Accounts Receivable				Identifiable Assets
	December 31,				December 31
(in thousands)	2023		2022		2023 (1)		2022 (1)
5.11	$	50,452	$	53,589	$	398,050	$	450,537
BOA	1,368		1,630		243,243		240,359
Ergobaby	12,018		11,213		73,660		84,657
Lugano	124,776		85,911		510,484		327,795
PrimaLoft	1,381		2,486		288,212		310,914
Velocity	24,458		33,159		207,609		224,356
Altor Solutions	35,232		42,368		186,683		198,943
Arnold	25,977		23,666		110,883		105,196
Sterno	51,740		54,400		174,166		210,780
Sales allowance accounts	(9,161)		(10,700)		—		—
Total	318,241		297,722		2,192,990		2,153,537
Reconciliation of segment to consolidated totals:
Corporate and other identifiable assets (2)	—		—		404,322		19,197

Assets of discontinued operations	—		—		—		388,168
Total	$	318,241	$	297,722	$	2,597,312	$	2,560,902

(1) Does not include accounts receivable balances per schedule above or goodwill balances - refer to "Note H - Goodwill and Intangible Assets" for a schedule of goodwill by segment.

(2) Corporate assets at December 31, 2023 consists primarily of cash related to the proceeds received from the sale of Marucci in November 2023.

Geographic Information

Net Revenues

Revenues are attributable to countries based on the location of customers. Revenue attributable to any individual foreign country was not material in 2023, 2022 or 2021.

Identifiable Assets

Several of the Company's operating segments have subsidiaries with assets located outside of the United States. The following table presents identifiable assets by geographic area:


Identifiable Assets	December 31,
(in thousands)	2023		2022(1)
United States	$	2,505,586	$	2,089,784
Europe	58,688		49,062
Other international	33,038		33,888
Total identifiable assets	$	2,597,312	$	2,172,734

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Goodwill and Other Intangible Asset - Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Goodwill - gross carrying amount	$ 1,069,125	$ 1,069,304
Accumulated impairment losses	(167,697)	(78,297)
Goodwill - net carrying amount	$ 901,428	$ 991,007	$ 707,550

- Definition

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Related Party Transactions

12 Months Ended

Dec. 31, 2023

Related Party Transactions

The LLC has entered into related party transactions with its Manager, CGM, including the following:

•Management Services Agreement

•LLC Agreement

•Integration Services Agreements

•Cost Reimbursement and Fees

Management Services Agreement

The LLC entered into a MSA with CGM effective May 16, 2006, as amended. Our Chief Executive Officer is a the managing member of CGM. The MSA provides for, among other things, CGM to perform services for the LLC in exchange for a management fee paid quarterly and equal to 0.5% of the LLC’s adjusted net assets, as defined in the MSA. The management fee is required to be paid prior to the payment of any distributions to shareholders.

Pursuant to the MSA, CGM is entitled to enter into off-setting management service agreements with each of the operating segments. The amount of the fee is negotiated between CGM and the operating management of each segment and is based upon the value of the services to be provided. The fees paid directly to CGM by the segments offset on a dollar for dollar basis the amount due CGM by the LLC under the MSA.

At December 31, 2023, CGM entered into a waiver to exclude cash balances held at the LLC from the calculation of the management fee.

During 2022, CGM entered into a waiver of the MSA for the period through June 30, 2023 to receive a 1% annual management fee related to PrimaLoft, rather than the 2% called for under the MSA, which resulted in a lower management fee than would normally have been due. At March 31, 2022 and June 30, 2022, CGM entered into a waiver to exclude cash balances held at the LLC from the calculation of the management fee.

During 2021, CGM entered into a waiver of the MSA for a period through December 31, 2021 to receive a 1% annual management fee related to BOA, rather than the 2% called for under the MSA, which resulted in a lower management fee paid during 2021 than would have normally been due. In the first quarter of 2021, the LLC and CGM entered into a waiver agreement whereby CGM agreed to waive the portion of the management fee related to the amount of the proceeds deposited with the Trustee that was in excess of the amount payable related to the 2026 Senior Notes at March 31, 2021. Additionally, CGM entered into a waiver of the MSA at December 31, 2021 to exclude the cash balances held at the LLC from the calculation of the management fee.

The LLC paid CGM $0.4 million in the year ended December 31, 2021, representing the management fee due from Arnold for the first three quarters of 2021. At December 31, 2021, Arnold reimbursed the LLC for the management fee paid on their behalf.

For the years ended December 31, 2023, 2022 and 2021, the Company incurred the following management fees to CGM, by entity:


	Year ended December 31,
(in thousands)	2023		2022		2021

5.11	$	1,000	$	1,000	$	1,000
BOA	1,000		1,000		1,000
Ergobaby	500		500		500
Lugano	750		750		188
PrimaLoft	1,000		500		N/a
Velocity	500		500		500
Altor Solutions	750		750		750
Arnold	500		500		500
Sterno	500		500		500
Corporate	61,945		56,604		41,505
	$	68,445	$	62,604	$	46,443

Approximately $16.0 million and $15.5 million of the management fees incurred were unpaid as of December 31, 2023 and 2022, respectively, and are reflected in "Due to related party" on the consolidated balance sheets.

LLC Agreement

The LLC agreement gives Holders the right to distributions pursuant to a profit allocation formula upon the occurrence of a Sale Event or a Holding Event. The Holders are entitled to receive and as such can elect to receive the positive contribution-based profit allocation payment for each of the business acquisitions during the 30-day period following the fifth anniversary of the date upon which we acquired a controlling interest in that business (Holding Event) and upon the sale of the business (Sale Event). Holders received $26.5 million and $34.1 million in distributions related to Sale and Holding Events that occurred during 2023 and 2021, respectively. There were no profit allocation payments during the year ended December 31, 2022. Refer to "Note K - Stockholders' Equity" for a description of the profit allocation payments.

Certain persons who are employees and partners of the Manager, including the Company’s Chief Executive Officer, beneficially own (through Sostratus LLC) 63.0% of the Allocation Interests at December 31, 2023 and 62.0% at December 31, 2022. Of the remaining 37.0% at December 31, 2023 and 38.0% at December 31, 2022, 5.0% is held by CGI Diversified Holdings LP, 5.0% is held by a former director on the Company’s Board of Directors, and the remaining percentage of Allocation Interests are held by the former founding partners of the Manager.

Integration Services Agreements

Integration services represent fees paid by newly acquired companies to the Manager for integration services performed during the first year of ownership. Under the Integration Services Agreement ("ISA"), CGM provides services for new platform acquisitions to, amongst other things, assist the management at the acquired entities in establishing a corporate governance program, implement compliance and reporting requirements of the Sarbanes-Oxley Act of 2002, as amended, and align the acquired entity's policies and procedures with our other subsidiaries.

PrimaLoft, which was acquired in July 2022, entered into an ISA with CGM whereby PrimaLoft will pay CGM a total integration services fee of $4.8 million, payable quarterly over a twelve-month period ended June 30, 2023.

Lugano, which was acquired in September 2021, entered into an ISA with CGM whereby Lugano paid CGM a total integration services fee of $2.3 million, payable quarterly over a twelve month period as services are rendered, beginning in the quarter ended December 31, 2021.

During the years ended December 31, 2023, 2022 and 2021, CGM received $2.4 million, $4.1 million, and $4.9 million, respectively, in total integration service fees. Integration service fees are included in selling, general and administrative expense on the subsidiaries' statement of operations in the period in which they are incurred.

Cost Reimbursement and Fees

The Company reimbursed its Manager, CGM, approximately $6.4 million, $6.5 million, and $5.4 million, principally for occupancy and staffing costs incurred by CGM on the Company’s behalf during the years ended December 31, 2023, 2022 and 2021, respectively.

The Company and its businesses have the following significant related party transactions:

5.11

Recapitalization - In August 2021, the Company completed a recapitalization of 5.11 whereby the LLC entered into an amendment to the intercompany credit agreement with 5.11 (the "5.11 Credit Agreement"). The 5.11 Credit Agreement was amended to provide for additional term loan borrowings of $55.0 million to fund a distribution to shareholders. The LLC owned 97.7% of the outstanding shares of 5.11 on the date of the distribution and received $53.7 million. The remaining amount of the distribution went to minority shareholders.

Related Party Vendor Purchases - 5.11 purchases inventory from a vendor who is a related party to 5.11 through one of the executive officers of 5.11 via the executive's 40% ownership interest in the vendor. During the years ended December 31, 2023, 2022 and 2021, 5.11 purchased approximately $1.7 million, $2.0 million, and $1.1 million, respectively, in inventory from the vendor.

BOA

Recapitalization - In December 2023, the Company completed a recapitalization of BOA whereby the LLC entered into an amendment to the intercompany credit agreement with BOA (the "BOA Credit Agreement"). The BOA Credit Agreement was amended to provide for additional term loan borrowings of $165.9 million to fund a distribution to shareholders. The LLC received a distribution of $131.0 million related to their ownership of the outstanding shares of BOA on the date of the distribution. Noncontrolling shareholders received a distribution of $11.7 million, and the remaining amount of the recapitalization was used to repurchase shares owned by employees after the exercise of fully vested employee stock options, and to pay a bonus to employees who held phantom stock options and were not eligible to participate in the distribution to noncontrolling shareholders. BOA recorded compensation expense of $3.1 million related to the bonus paid to employees as part of the recapitalization.

Repurchase of Noncontrolling Interest - In September 2021, BOA repurchased shares of its issued and outstanding common shares from its largest minority shareholder for a total payment of $48.0 million, which BOA financed by borrowing under the BOA Credit Agreement. The BOA Credit Agreement was amended to (i) provide for additional term loan borrowings of $38.0 million, and (ii) consent to the repurchase of the shares from the minority shareholder. The transaction was accounted for in accordance with ASC 810 - Consolidation, whereby the carrying amount of the noncontrolling interest was adjusted to reflect the change in the ownership interest in BOA that occurred as a result of the share repurchase. The difference between the fair value of the consideration paid of $48.0 million and the amount by which the noncontrolling interest was adjusted of $39.4 million was recognized in equity attributable to the LLC.

Related Party Vendor Purchases - A contract manufacturer used by BOA as the primary supplier of molded injection parts is a noncontrolling shareholder of BOA. During the years ended December 31, 2023 and 2022 and 2021, BOA purchased approximately $42.1 million, $56.1 million and $48.3 million, respectively, from this supplier.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Operating Segment Data - Additional Information (Detail) $ in Thousands	3 Months Ended	12 Months Ended			48 Months Ended
	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) Segment client Facility	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Assets		$ 3,816,981	$ 3,849,631		$ 3,816,981
Number of reportable operating segments \| Segment		9
Integration service fees		$ 2,400	4,100	$ 4,900
Goodwill impairment expense		(89,400)	(20,552)
Goodwill		901,428	991,007	707,550	901,428
Property, Plant and Equipment, Net		192,562	184,501		192,562
Interest Expense		(105,179)	(83,492)	(58,834)
Other income (expense), net		1,743	(2,321)	(1,303)
5.11 Tactical
Segment Reporting Information [Line Items]
Goodwill impairment expense		0	0
Goodwill		92,966	92,966	92,966	92,966
Ergobaby
Segment Reporting Information [Line Items]
Goodwill impairment expense		0	(20,552)
Goodwill		41,521	40,896	61,448	41,521
Velocity Outdoor
Segment Reporting Information [Line Items]
Goodwill impairment expense	$ 32,600	(31,590)	0		64,500
Goodwill		$ 8,183	39,773	30,079	8,183
Arnold Magnetics \| Minimum
Segment Reporting Information [Line Items]
Number of clients \| client		2,000
Altor
Segment Reporting Information [Line Items]
Number of facilities \| Facility		15
Goodwill impairment expense		$ 0	0
Goodwill		$ 91,129	91,129	90,843	$ 91,129
Sales \| Foreign \| Ergobaby \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk percentage		50.00%
Operating Segments \| Sterno Candle Lamp
Segment Reporting Information [Line Items]
Loss from continuing operations before income taxes		$ 24,852	19,801	19,877
Operating Segments \| 5.11 Tactical
Segment Reporting Information [Line Items]
Loss from continuing operations before income taxes		46,699	43,531	39,374
Operating Segments \| Ergobaby
Segment Reporting Information [Line Items]
Loss from continuing operations before income taxes		4,820	(16,814)	9,087
Operating Segments \| Velocity Outdoor
Segment Reporting Information [Line Items]
Loss from continuing operations before income taxes		(32,828)	18,961	39,725
Operating Segments \| Altor
Segment Reporting Information [Line Items]
Loss from continuing operations before income taxes		34,566	24,591	17,962
Reconciliation of Segment to Consolidated
Segment Reporting Information [Line Items]
Interest Expense		(105,179)	(83,492)	(58,834)
Other income (expense), net		$ 1,743	$ (2,321)	$ (1,303)

Supplemental Data - Statement of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Foreign currency gain (loss)	$ (819)	$ (1,163)	$ 27
Loss on sale of capital assets	(925)	(2,581)	(585)
Sublease Income	1,434	1,330	995
Other income (expense)	2,053	93	(1,740)
Other expense, net	$ 1,743	$ (2,321)	$ (1,303)

Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Summary of Actual Financial Ratios as Part of Affirmative Covenants Credit Facility

The following table reflects required and actual financial ratios as of December 31, 2023 included as part of the affirmative covenants in the 2022 Credit Facility:

Description of Required Covenant Ratio

Covenant Ratio Requirement

Actual Ratio

Fixed Charge Coverage Ratio

Greater than or equal to 1.50: 1.00

3.17:1:00

Total Secured Debt to EBITDA Ratio

Less than or equal to 3.50: 1.00

0.00:1:00

Total Debt to EBITDA Ratio

Less than or equal to 5.00: 1.00

3.11:1:00

Summary of Components of Interest Expense

The following details the components of interest expense in each of the years ended December 31, 2023, 2022 and 2021:


	Year ended December 31,
(in thousands)	2023		2022		2021

Interest on credit facilities	$	37,269	$	13,842	$	2,669
Interest on Senior Notes	67,500		67,500		54,441
Unused fee on Revolving Credit Facility	1,998		1,913		1,598
Amortization of debt premium	—		—		(83)

Other interest expense	363		286		222
Interest income	(1,951)		(49)		(13)
Interest expense, net	$	105,179	$	83,492	$	58,834

Schedule of Long-term Debt Instruments

The following table provides the Company’s outstanding long-term debt and effective interest rates at December 31, 2023 and December 31, 2022 (in thousands):


	December 31, 2023			December 31, 2022
	Effective Interest Rate	Amount		Effective Interest Rate	Amount
2029 Senior Notes	5.25%	$	1,000,000	5.25%	$	1,000,000
2032 Senior Notes	5.00%	300,000		5.00%	300,000
2022 Term Loan	7.50%	385,000		5.20%	395,000
2022 Revolving Credit Facility		—		5.98%	155,000
Unamortized premiums and debt issuance costs		(13,121)			(15,532)
Total debt		$	1,671,879		$	1,834,468
Less: Current portion, term loan facilities		(10,000)			(10,000)
Long-term debt		$	1,661,879		$	1,824,468

The following table summarizes debt issuance costs at December 31, 2023 and December 31, 2022, and the balance sheet classification in each of the periods presents (in thousands):


	December 31,
	2023		2022
Deferred debt issuance costs	$	32,526	$	32,526
Accumulated amortization	(13,779)		(9,760)
Deferred debt issuance costs, net	$	18,747	$	22,766

Balance sheet classification:
Other noncurrent assets	$	5,626	$	7,234
Long-term debt	13,121		15,532
	$	18,747	$	22,766

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482949/835-30-55-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480848/942-470-50-3

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+ Details

Fair Value Measurement - Additional Information (Detail) - USD ($) $ in Thousands		12 Months Ended
	Jul. 08, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jul. 01, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment expense		$ 89,400	$ 20,552	$ 0
Long-term debt, gross		1,685,000
Ravin [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of contingent consideration		0	(1,600)
5.11 Tactical
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances		0	9
Ergobaby \| Fair Value, Measurements, Nonrecurring \| Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment expense			20,552
Ergobaby \| Fair Value, Measurements, Nonrecurring \| Carrying Value \| Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill, Fair Value Disclosure			40,896
Ergobaby \| Level 3 \| Fair Value, Measurements, Nonrecurring \| Estimate of Fair Value Measurement \| Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill, Fair Value Disclosure			40,896
Arnold \| Polyfoam [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration					$ 1,400
Velocity Outdoor \| Fair Value, Measurements, Nonrecurring \| Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment expense		31,590
Velocity Outdoor \| Fair Value, Measurements, Nonrecurring \| Carrying Value \| Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill, Fair Value Disclosure		8,183
Velocity Outdoor \| Level 3 \| Fair Value, Measurements, Nonrecurring \| Estimate of Fair Value Measurement \| Goodwill
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill, Fair Value Disclosure		$ 8,183
Velocity Outdoor \| King's Camo
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 3,000		$ 1,300
Fair value of contingent consideration	$ (1,600)

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Supplemental Balance Sheet Disclosures [Text Block]

Supplemental balance sheet information related to leases was as follows (in thousands):


	Line Item in the Company’s Consolidated Balance Sheet	December 31, 2023		December 31, 2022

Operating lease right-of-use assets	Other non-current assets	$	177,581	$	144,010
Current portion, operating lease liabilities	Other current liabilities	$	29,228	$	27,206
Operating lease liabilities	Other non-current liabilities	$	173,586	$	137,279

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

Supplemental Cash Flow Statement Data (in thousands):


	Year ended December 31,
	2023		2022		2021

Interest paid	$	108,418	$	86,286	$	58,547
Taxes paid	$	79,657	$	26,037	$	27,371

Supplemental cash flow information related to leases was as follows (in thousands):


	Year ended December 31, 2023		Year ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	40,294	$	36,851
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	61,860	$	57,366

Summary of Future Minimum Rental Commitments under Operating Leases

The maturities of lease liabilities at December 31, 2023 under operating leases having an initial or remaining non-cancelable term of one year or more are as follows (in thousands):


2024	$	44,194
2025	42,585
2026	41,606
2027	37,121
2028	29,645
Thereafter	76,417
Total undiscounted lease payments	$	271,568
Less: Interest	68,754
Present value of lease liabilities	$	202,814

Lease Supplemental Balance Sheet Information Table

The weighted average remaining lease terms and discount rates for all of our operating leases were as follows:


Lease Term and Discount Rate	December 31, 2023		December 31, 2022
Weighted-average remaining lease term (years)	6.76		6.48
Weighted-average discount rate	8.50	%	7.76	%

Defined Benefit Plan (Tables)

12 Months Ended

Dec. 31, 2023

Defined Benefit Plan Disclosure [Line Items]

Summary of Net Periodic Benefit Cost

Net periodic benefit cost consists of the following:


	Year ended December 31,
(in thousands)	2023		2022		2021

Service cost	$	369	$	432	$	422
Interest cost	257		42		38
Expected return on plan assets	(184)		(73)		(73)
Amortization of unrecognized gain (loss)	(37)		(27)		(12)
Effect of settlement	(1)		(40)		—
Effect of curtailment	—		—		111
Net periodic benefit cost	$	404	$	334	$	486

Summary of Assumptions Used to Determine the Benefit Obligations and Components of the Net Periodic Benefit Cost

Assumptions used to determine the benefit obligations and components of the net periodic benefit cost at December 31, 2023 and 2022:


	December 31,
	2023		2022

Discount rate	1.85	%	2.25	%
Expected return on plan assets	1.85	%	2.25	%
Rate of compensation increase	4.00	%	4.00	%

Summary of Expected Foreign Plan Benefit Payments

The following presents the benefit payments which are expected to be paid for the plan in each year indicated (in thousands):


2024	$	595
2025	624
2026	782
2027	1,088
2028	812
Thereafter	4,262
	$	8,163

Summary of Allocation of Assets in Swiss Life's Group Life Portfolio

The allocation of pension plan assets by category in Swiss Life’s group life portfolio is as follows at December 31, 2023:


Fixed income bonds and securities	60	%
Real estate	24	%
Equities and investment funds	14	%
Certificates of deposit and cash and cash equivalents	1	%
Other investments	1	%
	100	%

Related Party Transactions - Schedule of Incurred Management Fees (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Other Related Party Transactions [Line Items]
Management Fee	$ 68,445	$ 62,604	$ 46,443
Other current liabilities	35,465	35,286
Related Party
Schedule of Other Related Party Transactions [Line Items]
Other current liabilities	16,000	15,500
Management Service Agreement with CGM
Schedule of Other Related Party Transactions [Line Items]
Management Fee	68,445	62,604	46,443
Management Service Agreement with CGM \| 5.11 Tactical
Schedule of Other Related Party Transactions [Line Items]
Management Fee	1,000	1,000	1,000
Management Service Agreement with CGM \| Ergobaby
Schedule of Other Related Party Transactions [Line Items]
Management Fee	500	500	500
Management Service Agreement with CGM \| Sterno Candle Lamp
Schedule of Other Related Party Transactions [Line Items]
Management Fee	500	500	500
Management Service Agreement with CGM \| Corporate
Schedule of Other Related Party Transactions [Line Items]
Management Fee	61,945	56,604	41,505
Management Service Agreement with CGM \| Boa
Schedule of Other Related Party Transactions [Line Items]
Management Fee	1,000	1,000	1,000
Management Service Agreement with CGM \| Altor
Schedule of Other Related Party Transactions [Line Items]
Management Fee	750	750	750
Management Service Agreement with CGM \| Lugano
Schedule of Other Related Party Transactions [Line Items]
Management Fee	750	750	188
Management Service Agreement with CGM \| Velocity Outdoor
Schedule of Other Related Party Transactions [Line Items]
Management Fee	500	500	500
Management Service Agreement with CGM \| Arnold
Schedule of Other Related Party Transactions [Line Items]
Management Fee	500	500	$ 500
Management Service Agreement with CGM \| PrimaLoft
Schedule of Other Related Party Transactions [Line Items]
Management Fee	$ 1,000	$ 500

Debt - Additional Information (Detail)		12 Months Ended
Debt - Additional Information (Detail)	Mar. 02, 2021 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2023
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount		$ 13,121,000	$ 15,532,000
Deferred debt issuance costs		32,526,000	32,526,000
Debt modification and extinguishment costs		0	5,276,000	$ 21,708,000
Long-term debt, gross		1,685,000,000
Loss on debt extinguishment	$ 33,300,000	$ 0	$ (534,000)	$ (33,305,000)
Total Debt To Ebitda Ratio		5.00	5.75		5.50
Senior notes due 2026 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	8.00%
Letter of Credit
Debt Instrument [Line Items]
Letter of credit, aggregate face amount		$ 100,000,000
Letter of credit outstanding		$ 2,200,000

Defined Benefit Plan - Summary of Assumptions Used to Determine the Benefit Obligations and Components of the Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Discount rate	1.85%	2.25%
Expected return on plan assets	1.85%	2.25%
Rate of compensation increase	4.00%	4.00%
Long-term debt
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Funded (Unfunded) Status of Plan	$ (2,400)	$ (1,100)
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation	13,847	10,649	$ 12,311
Service cost	369	432	422
Interest cost	257	42	38
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	1,090	(1,792)
Employee contributions and transfer	(67)	(73)
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Assets Transferred to (from) Plan	444	349
Defined Benefit Plan, Benefit Obligation, Benefits Paid	1,037	74
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Remeasurement due to Settlement	(1,139)	(518)
Foreign currency translation	1,207	(176)
Defined Benefit Plan, Plan Assets, Amount	11,426	9,521	$ 9,449
Actual return on plan assets	90	(122)
Company contribution	465	371
Foreign currency translation	1,008	(82)
Pension Plan \| Long-term debt
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Funded (Unfunded) Status of Plan	$ (2,421)	$ (1,128)

Subsequent Events (Details) - USD ($) $ in Thousands						3 Months Ended			12 Months Ended
Subsequent Events (Details) - USD ($) $ in Thousands	Jan. 31, 2024	Nov. 01, 2023	Dec. 31, 2022	Jul. 12, 2022	Aug. 03, 2021	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Subsequent Event [Line Items]
Stock Repurchased During Period, Shares									482,400
Proceeds from Divestiture of Businesses and Interests in Affiliates									$ 500,305	$ 9,393	$ 101,039
Stock Repurchase Program, Authorized Amount									$ 50,000
Distributions For Contribution Based Profit Allocation Payments							$ 2,100
Lugano
Subsequent Event [Line Items]
Disposal Group, Total enterprise value					$ 147,500
Proceeds from Divestiture of Businesses and Interests in Affiliates					$ 128,000
Marucci
Subsequent Event [Line Items]
Disposal Group, Total enterprise value		$ 572,000
Proceeds from Divestiture of Businesses and Interests in Affiliates		$ 484,000
Subsequent Event [Member] \| Marucci
Subsequent Event [Line Items]
Distributions For Contribution Based Profit Allocation Payments						$ 48,900
Aci [Member]
Subsequent Event [Line Items]
Distributions For Contribution Based Profit Allocation Payments							$ 24,400	$ 12,100
PrimaLoft
Subsequent Event [Line Items]
Purchase price			$ 541,112	$ 539,576
Purchase price, net				$ 541,100
Percentage of controlling interest in Arnold				9.20%
Initial Term and Revolving Loan Commitment				$ 178,000
The Honey Pot \| Subsequent Event [Member]
Subsequent Event [Line Items]
Purchase price, net	$ 380,000
Percentage of controlling interest in Arnold	85.00%
Initial Term and Revolving Loan Commitment	$ 110,000

Inventory, Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Raw materials and supplies	$ 97,209	$ 101,812
Work-in-process	25,516	29,979
Finished goods	646,406	576,914
Inventory, Gross	769,131	708,705
Inventory Valuation Reserves	(28,744)	(28,160)
Inventories, net	740,387	680,545
Depreciation expense	$ 46,547	$ 40,030	$ 35,455

Acquisition of Businesses

12 Months Ended

Dec. 31, 2023

Business Combinations [Abstract]

Acquisition of Businesses

The acquisitions of our businesses are accounted for under the acquisition method of accounting. For each new platform acquisition, the Company typically structures the transaction so that a newly created holding company acquires 100% of the equity interests in the acquired business. The entirety of the purchase consideration is paid by the newly created holding company to the selling shareholders. The total purchase consideration is the amount paid to the selling shareholders and we will, from time to time, allow the selling shareholder to reinvest a portion of their proceeds alongside the Company at the same price per share, into the holding company that acquires the target business. Once the acquisition is complete, the selling shareholders no longer hold equity interests in the acquired company, but rather hold noncontrolling interest in the holding company that acquired the target business. Because the selling shareholders are investing in the transaction alongside the Company at the same price per share as the Company and are not retaining their existing equity in the acquired business, the Company includes the amount provided by noncontrolling shareholders in the total purchase consideration.

A component of our acquisition financing strategy that we utilize in acquiring the businesses we own and manage is to provide both equity capital and debt capital, raised at the parent level, typically through our existing credit facility. The debt capital is in the form of “intercompany loans” made by the LLC to the newly created holding company and the acquired business and are due from the newly created holding company and the acquired business, and payable to the LLC by the newly created holding company and the acquired business. The selling shareholders of the acquired businesses are not a party to the intercompany loan agreements nor do they have any obligation to repay the intercompany loans. These intercompany loans eliminate in consolidation and are not reflected on the Company's consolidated balance sheets.

Acquisition of PrimaLoft

On July 12, 2022, the LLC, through its newly formed indirect acquisition subsidiary, Relentless Intermediate, Inc. ("PrimaLoft Buyer"), acquired PrimaLoft Technologies Holdings, Inc. (“PrimaLoft”) pursuant to a Stock Purchase Agreement (the “PrimaLoft Purchase Agreement”), dated June 4, 2022, by and between PrimaLoft Buyer and VP PrimaLoft Holdings, LLC ("PrimaLoft Seller"). The Company acquired PrimaLoft for a total purchase price, including proceeds from noncontrolling shareholders, of approximately $541.1 million, before working capital and other customary adjustments. The Company funded the acquisition through a draw on its 2022 Revolving Credit Facility and the proceeds from its new $400 million 2022 Term Loan Facility. PrimaLoft management invested in the transaction along with the Company, representing 9.2% of the initial equity interest in PrimaLoft. Concurrent with the closing, the Company provided a credit facility to PrimaLoft pursuant to which a secured revolving loan commitment and secured term loan were made available to PrimaLoft (the "PrimaLoft Credit Agreement"). The initial revolving loan and term loan commitments under these facilities on the closing date were $178 million. CGM received integration service fees of $4.8 million which were payable quarterly over the twelve-month period beginning September 30, 2022. The Company incurred $5.7 million of transaction costs in conjunction with the PrimaLoft acquisition, which was included in selling, general and administrative expense in the consolidated statements of operations during the third quarter of 2022.

PrimaLoft, Inc. is a branded, advanced material technology company based in Latham, New York and is focused on the research and innovative development of high-performance material solutions, specializing in insulations and fabrics.

The results of operations of PrimaLoft have been included in the consolidated results of operations since the date of acquisition. PrimaLoft's results of operations are reported as a separate operating segment as a branded consumer business. The table below provides the recording of the fair value of assets acquired and liabilities assumed as of the date of acquisition.


(in thousands)	Preliminary Purchase Price Allocation		Measurement Period Adjustments		Final Purchase Price Allocation
Purchase Consideration	$	539,576	$	1,536	$	541,112

Fair value of identifiable assets acquired:
Cash	$	6,951	$	—	$	6,951
Accounts receivable (1)	2,992		—		2,992
Inventory	1,991		—		1,991
Property, plant and equipment	1,058		—		1,058
Intangible assets	248,200		58,700		306,900
Other current and noncurrent assets	3,581		(1,187)		2,394
Total identifiable assets	264,773		57,513		322,286

Fair value of liabilities assumed:
Current liabilities	8,865		(1,080)		7,785
Other liabilities	360		—		360
Deferred tax liabilities	51,268		12,108		63,376
Total liabilities	60,493		11,028		71,521

Net identifiable assets acquired	204,280		46,485		250,765

Goodwill	$	335,296	$	(44,949)	$	290,347


Acquisition consideration
Purchase price	$	530,000	$	—	$	530,000
Cash acquired	7,319		(368)		6,951
Net working capital adjustment	2,257		1,904		4,161

Total purchase consideration	$	539,576	$	1,536	$	541,112

(1) The fair value of accounts receivable approximates book value acquired.

The allocation of the purchase price presented above is based on management's estimate of the fair values using valuation techniques including the income, cost and market approach. In estimating the fair value of the acquired assets and assumed liabilities, the fair value estimates are based on, but not limited to, expected future revenue and cash flows, expected future growth rates and estimated discount rates. Current and noncurrent assets and current and other liabilities are valued at historical carrying values, which approximate fair value. Inventory is recognized at fair value, with finished goods stated at selling price less an estimated cost to sell. Property, plant and equipment is valued at fair value which approximates book value and will be depreciated on a straight-line basis over the remaining useful lives of the assets. Goodwill is calculated as the excess of the consideration transferred over the fair value of the identifiable net assets acquired and represents the future economic benefits expected to arise from other intangible assets acquired that do not qualify for separate recognition, including assembled workforce and non-contractual relationships, as well as expected future synergies. The goodwill of $290.3 million reflects the strategic fit of PrimaLoft in the Company's branded consumer business and is not expected to be deductible for income tax purposes. The PrimaLoft purchase price allocation was finalized in 2023.

The intangible assets recorded related to the PrimaLoft acquisition are as follows (in thousands):

Intangible Assets

Fair Value

Estimated Useful Lives

Customer relationships

209,100

15 years

Tradename

48,200

20 years

Technology

49,100

11 years

In-process research and development (1)

500

N/a

306,900

The customer relationships were considered the primary intangible asset and was valued at $209.1 million using a multi-period excess earnings method. The technology was valued at $49.1 million using a multi-period excess earnings methodology with an assumed obsolescence factor. The tradename was valued at $48.2 million using a multi period excess earnings method. The multi period excess earnings method assumes an asset has value to the extent that it enables its owners to earn a return in excess of the other assets utilized in the business.

Acquisition of Lugano Diamonds

On September 3, 2021, the LLC, through its newly formed acquisition subsidiaries, Lugano Holding, Inc., a Delaware corporation (“Lugano Holdings”), and Lugano Buyer, Inc., a Delaware corporation (“Lugano Buyer”) and a wholly-owned subsidiary of Lugano Holdings, acquired the issued and outstanding shares of stock of Lugano Diamonds & Jewelry Inc. ("Lugano") other than certain rollover shares (the “Lugano Transaction”). The Lugano Transaction was effectuated pursuant to a Stock Purchase Agreement (the “Lugano Purchase Agreement”), also dated September 3, 2021, by and among Lugano Buyer, the sellers named therein (“Lugano Sellers”) and Mordechai Haim Ferder in his individual capacity and as initial representative of the Lugano Sellers. Lugano is a leading designer, manufacturer and marketer of high-end, one-of-a-kind jewelry sought after by some of the world’s most discerning clientele. Lugano conducts sales via its own retail salons as well as pop-up showrooms at Lugano-hosted or sponsored events in partnership with influential organizations in the equestrian, art and philanthropic community. Lugano is headquartered in Newport Beach, California.

The LLC made loans to, and purchased a 60% equity interest in, Lugano. The purchase price, including proceeds from noncontrolling shareholders, was $265.1 million. The selling shareholders invested in the transaction along with the LLC, representing 40% initial noncontrolling interest on both a primary and fully diluted basis. The fair value of the noncontrolling interest was determined based on the enterprise value of the acquired entity multiplied by the ratio of the number of shares acquired by the minority holders to total shares. The transaction was accounted for as a business combination. CGM acted as an advisor to the LLC in the acquisition and continued to provide integration services during the first year of the LLC's ownership of Lugano. CGM received integration service fees of $2.3 million which were payable quarterly over a twelve month period as services were rendered beginning December 31, 2021. The LLC incurred $1.8 million of transaction costs in conjunction with the Lugano acquisition, which was included in selling, general and administrative expense in the consolidated statements of operations during the third quarter of 2021. The LLC funded the acquisition with cash on hand and a $120 million draw on its 2021 Revolving Credit Facility.

The results of operations of Lugano have been included in the consolidated results of operations since the date of acquisition. Lugano's results of operations are reported as a separate operating segment as a branded consumer business. The table below provides the recording of assets acquired and liabilities assumed as of the date of acquisition.



(in thousands)	Preliminary Purchase Price Allocation		Measurement Period Adjustments		Final Purchase Price Allocation
Purchase Consideration	$	267,554	$	(2,420)	$	265,134

Fair value of identifiable assets acquired:
Cash	$	1,433	$	—	$	1,433


Accounts receivable (1)	20,954		—		20,954
Inventory	85,794		9,419		95,213
Property, plant and equipment	2,743		392		3,135
Intangible assets	—		82,454		82,454
Other current and noncurrent assets	4,979		4,114		9,093
Total identifiable assets	$	115,903	$	96,379	$	212,282

Fair value of liabilities assumed:
Current liabilities	$	7,129	$	58	$	7,187
Other liabilities	—		3,175		3,175
Deferred tax liabilities	—		23,123		23,123
Total liabilities	$	7,129	$	26,356	$	33,485

Net identifiable assets acquired	$	108,774	$	70,023	$	178,797

Goodwill	$	158,780	$	(72,443)	$	86,337


Acquisition consideration
Purchase price	$	256,000	$	—	$	256,000
Cash acquired	1,554		(120)		1,434
Net working capital adjustment	10,000		(2,300)		7,700

Total purchase consideration	$	267,554	$	(2,420)	$	265,134

(1) The fair value of accounts receivable approximates book value acquired.

The allocation of the purchase price presented above is based on management's estimate of the fair values using valuation techniques including the income, cost and market approach. In estimating the fair value of the acquired assets and assumed liabilities, the fair value estimates are based on, but not limited to, expected future revenue and cash flows, expected future growth rates and estimated discount rates. Current and noncurrent assets and current and other liabilities are valued at historical carrying values which approximate fair value. Inventory is recognized at fair value, with finished goods stated at selling price less an estimated cost to sell. Property, plant and equipment is valued through a purchase price appraisal and will be depreciated on a straight-line basis over the respective remaining useful lives of the assets. Goodwill is calculated as the excess of the consideration transferred over the fair value of the identifiable net assets acquired and represents the future economic benefits expected to arise from other intangible assets acquired that do not qualify for separate recognition, including assembled workforce and non-contractual relationships, as well as expected future synergies. The goodwill of $86.3 million reflects the strategic fit of Lugano in the Company's branded consumer business and is not expected to be deductible for income tax purposes.

The intangible assets recorded related to the Lugano acquisition are as follows (in thousands):


Intangible Assets	Fair Value		Estimated Useful Lives

Tradename	$	48,433	18 years
Customer relationships	34,021		15 years
	$	82,454

The tradename was considered the primary intangible asset and was valued at $48.4 million using a multi period excess earnings method. The customer relationships were valued at $34.0 million using a multi period excess earnings method. The multi period excess earnings method assumes an asset has value to the extent that it enables its owners to earn a return in excess of the other assets utilized in the business.

Unaudited pro forma information

The following unaudited pro forma data for the years ended December 31, 2022 and 2021 gives effect to the acquisitions of PrimaLoft and Lugano as described above, as if these transactions had been completed as of January 1, 2021. The pro forma data gives effect to historical operating results with adjustments to interest expense, amortization and depreciation expense, management fees and related tax effects. The information is provided for illustrative purposes only and is not necessarily indicative of the operating results that would have occurred if the transaction had been consummated on the date indicated, nor is it necessarily indicative of future operating results of the consolidated companies, and should not be construed as representing results for any future period.


	Years ended
(in thousands, except per share data)	December 31, 2022		December 31, 2021
Net sales	$	2,064,315	$	1,860,442
Gross profit	$	816,840	$	736,712
Operating income	$	140,643	$	136,011
Net income from continuing operations	$	51	$	40,173
Net income (loss) from continuing operations attributable to Holdings	$	(10,755)	$	28,147
Basic and fully diluted net loss per share from continuing operations attributable to Holdings	$	(0.76)	$	(0.59)

Other acquisitions

Velocity

King's Camo - On July 8, 2022, Velocity acquired the assets of King's Camo LC, a manufacturer of outdoor performance apparel and gear, for a purchase price of approximately $25.2 million and included a potential earnout of $3.0 million. The final earnout amount was $1.3 million and was paid in the second quarter of 2023.The acquisition and related transaction costs were funded through an additional term loan of $25.7 million under the Velocity intercompany credit agreement. Velocity paid approximately $0.2 million in transaction fees. Velocity recorded a purchase price allocation, including goodwill of approximately $9.7 million, which is expected to be deductible for income tax purposes, and intangible assets of $7.1 million. The remainder of the purchase consideration was allocated to net assets acquired. The purchase price allocation was finalized in the fourth quarter of 2022.

Altor Solutions

Plymouth Foam - On October 5, 2021, Altor acquired Plymouth Foam, LLC (“Plymouth”), a manufacturer of protective packaging and componentry, for an enterprise value of approximately $56.0 million, excluding customary closing adjustments. The acquisition and related transaction costs were funded through an additional term loan of $52.0 million under the Altor intercompany credit agreement and a draw on the existing Altor intercompany revolving credit facility with the LLC. Altor paid approximately $0.4 million in transaction fees in connection with the acquisition of Plymouth. Plymouth was founded in 1978 and is based in Plymouth, Wisconsin. Plymouth supplies a wide array of high value products, including custom protective packaging, cold chain packaging and internal components made from expanded polystyrene and expanded polypropylene. Plymouth’s complementary product portfolio will allow Altor to be able to further expand its business and capabilities. Altor recorded a purchase price allocation, including goodwill of approximately $15.5 million, which is not expected to be deductible for income tax purposes, and intangible asset of $20.1 million. The purchase price allocation was finalized in the first quarter of 2022.

Arnold

Ramco - On March 1, 2021, Arnold acquired Ramco Electric Motors, Inc. ("Ramco"), a manufacturer of stators, rotors and full electric motors, for a purchase price of approximately $34.3 million. The acquisition and related transaction costs were funded through an additional equity investment in Arnold by the LLC of $35.5 million. Ramco was founded in 1987 and is based in Greenville, Ohio. Ramco supplies their custom electric motor solutions for general industrial, aerospace and defense, and oil and gas end-markets. Ramco’s complementary product portfolio will allow Arnold to be able to offer more comprehensive, turnkey solutions to their customers. In connection with the acquisition, Arnold recorded a purchase price allocation of $12.4 million of goodwill, which is not expected to be deductible for income tax purposes and $12.7 million in intangible assets. The remainder of the purchase

consideration was allocated to net assets acquired. The purchase price allocation was finalized in the fourth quarter of 2021.

Fair Value Measurement - Summary of Assets and Liabilities Carried at Fair Value Measured on Non-recurring Basis (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Nov. 17, 2021	Mar. 23, 2021	Mar. 02, 2021
Fair Value Assets Liabilities Quantitative Information [Line Items]
Impairment Expenses	$ 89,400	$ 20,552	$ 0
Velocity Outdoor \| Fair Value, Measurements, Nonrecurring \| Goodwill
Fair Value Assets Liabilities Quantitative Information [Line Items]
Impairment Expenses	31,590
Velocity Outdoor \| Fair Value, Measurements, Nonrecurring \| Carrying Value \| Goodwill
Fair Value Assets Liabilities Quantitative Information [Line Items]
Goodwill, Fair Value Disclosure	8,183
Velocity Outdoor \| Fair Value, Measurements, Nonrecurring \| Estimate of Fair Value Measurement \| Goodwill \| Level 3
Fair Value Assets Liabilities Quantitative Information [Line Items]
Goodwill, Fair Value Disclosure	8,183
Ergobaby \| Fair Value, Measurements, Nonrecurring \| Goodwill
Fair Value Assets Liabilities Quantitative Information [Line Items]
Impairment Expenses		20,552
Ergobaby \| Fair Value, Measurements, Nonrecurring \| Carrying Value \| Goodwill
Fair Value Assets Liabilities Quantitative Information [Line Items]
Goodwill, Fair Value Disclosure		40,896
Ergobaby \| Fair Value, Measurements, Nonrecurring \| Estimate of Fair Value Measurement \| Goodwill \| Level 3
Fair Value Assets Liabilities Quantitative Information [Line Items]
Goodwill, Fair Value Disclosure		$ 40,896
PrimaLoft \| Fair Value, Measurements, Nonrecurring \| Goodwill
Fair Value Assets Liabilities Quantitative Information [Line Items]
Impairment Expenses	57,810
PrimaLoft \| Fair Value, Measurements, Nonrecurring \| Carrying Value \| Goodwill
Fair Value Assets Liabilities Quantitative Information [Line Items]
Goodwill, Fair Value Disclosure	232,536
PrimaLoft \| Fair Value, Measurements, Nonrecurring \| Estimate of Fair Value Measurement \| Goodwill \| Level 3
Fair Value Assets Liabilities Quantitative Information [Line Items]
Goodwill, Fair Value Disclosure	$ 232,536
Senior notes due 2026 [Member]
Fair Value Assets Liabilities Quantitative Information [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						8.00%
2032 Senior Notes
Fair Value Assets Liabilities Quantitative Information [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.00%			5.00%
Debt issuance, aggregate principal amount	$ 300,000			$ 300,000
Long-term Debt, Fair Value	$ 261,000
2029 Senior Notes
Fair Value Assets Liabilities Quantitative Information [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.25%				5.25%
Debt issuance, aggregate principal amount	$ 1,000,000				$ 1,000,000
Long-term Debt, Fair Value	$ 927,500

Income Taxes - Additional Information (Detail) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Income Tax Examination [Line Items]

Recognized deferred tax liabilities

$ (227,161)

$ (236,850)

Valuation allowance

^[1]

(10,510)

(21,104)

Reductions for prior years’ tax positions

184

$ 63

Unrecognized tax benefits, if recognized, would affect the Company's effective tax rate

1,300

1,200

Unrecognized Tax Benefits

29,322

1,216

$ 1,254

$ 1,334

Unrecognized Tax Benefits, Discontinued Operations

27,900

Internal Revenue Service (IRS)

Income Tax Examination [Line Items]

Operating Loss Carryforwards

19,200

101,500

Internal Revenue Service (IRS) | Research and Development Expense

Income Tax Examination [Line Items]

Tax Credit Carryforward, Amount

1,700

1,500

Internal Revenue Service (IRS) | 2036

Income Tax Examination [Line Items]

Operating Loss Carryforwards

19,200

State and Local Jurisdiction

Income Tax Examination [Line Items]

Operating Loss Carryforwards

62,400

92,900

Tax Credit Carryforward, Amount

1,200

3,400

Foreign Tax Authority

Income Tax Examination [Line Items]

Operating Loss Carryforwards

13,000

6,800

Tax Credit Carryforward, Amount

$ 6,400

[1]	Primarily relates to the Trust and 5.11, Arnold, Ergo and Velocity operating segments.

Income Taxes

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Components of the Company's income (loss) before taxes are as follows:


	Year ended December 31,
(in thousands)	2023		2022		2021

Domestic (including U.S. exports)	$	(54,649)	$	3,966	$	11,266
Foreign subsidiaries	37,244		36,785		15,397
	$	(17,405)	$	40,751	$	26,663

Components of the Company’s income tax provision are as follows:


	Year ended December 31,
(in thousands)	2023		2022		2021

Current taxes
Federal	$	25,727	$	22,189	$	17,760
State	5,458		5,526		3,835
Foreign	11,853		11,889		5,234
Total current taxes	43,038		39,604		26,829
Deferred taxes:
Federal	(20,974)		(3,079)		(11,277)
State	(798)		2,834		(1,823)
Foreign	65		(2,266)		1,538
Total deferred taxes	(21,707)		(2,511)		(11,562)
Total tax provision	$	21,331	$	37,093	$	15,267

The tax effects of temporary differences that have resulted in the creation of deferred tax assets and deferred tax liabilities at December 31, 2023 and 2022 are as follows:


	December 31,
(in thousands)	2023		2022

Deferred tax assets:
Tax credits	$	8,552	$	9,958
Accounts receivable and allowances	1,181		1,658
Net operating loss carryforwards	10,574		27,095
Accrued expenses	6,685		7,722
Interest expense limitation carryforwards	19,386		7,419
Lease liabilities	46,226		39,026
Inventory	9,226		9,406
Stock based compensation	5,976		6,048
Capitalized research & development expenses	5,695		3,232
Other	4,039		3,763
Total deferred tax assets	$	117,540	$	115,327
Valuation allowance (1)	(10,510)		(21,104)
Net deferred tax assets	$	107,030	$	94,223
Deferred tax liabilities:
Intangible assets	$	(162,771)	$	(178,224)
Property and equipment	(23,273)		(23,551)
Repatriation of foreign earnings	(38)		(38)
Prepaid and other expenses	(842)		(863)
Right of use assets	(40,237)		(34,174)
Total deferred tax liabilities	$	(227,161)	$	(236,850)
Total net deferred tax liability	$	(120,131)	$	(142,627)

(1)Primarily relates to the Trust and 5.11, Arnold, Ergo and Velocity operating segments.

For the years ending December 31, 2023 and 2022, the Company recognized approximately $227.2 million and $236.9 million, respectively in deferred tax liabilities. A significant portion of the balance in deferred tax liabilities reflects temporary differences in the basis of property and equipment and intangible assets related to the

Company’s purchase accounting adjustments in connection with the acquisition of certain of its businesses. For financial accounting purposes the Company has recognized a significant increase in the fair values of the intangible assets and property and equipment in certain of the businesses it acquired. For income tax purposes the existing, pre-acquisition tax basis of the intangible assets and property and equipment is utilized. In order to reflect the increase in the financial accounting basis over the existing tax basis, a deferred tax liability was recorded. This liability will decrease in future periods as these temporary differences reverse but may be replaced by deferred tax liabilities generated as a result of future acquisitions.

At December 31, 2023 and 2022, the Company had U.S. Federal net operating loss carryforwards of approximately $19.2 million and $101.5 million, respectively. Approximately $19.2 million of the these carryforwards will expire, if not utilized, beginning in 2036. The remaining balance of the Company's U.S. Federal net operating loss carryforwards do not expire and are subject to utilization limitations based on a percentage of taxable income in a given year. As of December 31, 2023 and 2022, the Company had net operating loss carryforwards for state income tax purposes of $62.4 million and $92.9 million, respectively. The Company’s state net operating loss carryforwards will expire, if not utilized, beginning in 2023. As of December 31, 2023 and 2022, the Company had foreign net operating loss carryforwards of $13.0 million and $6.8 million, respectively. The foreign net operating loss carryforwards will expire, if not utilized, beginning in 2023.

As of December 31, 2023 and 2022, the Company had federal research and development tax credit carryforwards of $1.7 million and $1.5 million, respectively. The research and development tax credit carryforwards will expire beginning in 2036 if not utilized. As of December 31, 2023 and 2022, the Company had foreign tax credit carryforwards of $6.4 million and $6.4 million, respectively. The foreign tax credit carryforwards will expire beginning in 2031 if not utilized. As of December 31, 2023 and 2022, the Company had state tax credit carryforwards, consisting mostly of California business tax credits of $1.2 million and $3.4 million, respectively. The California business tax credit carryforwards will expire, if not utilized, beginning in 2024.

A valuation allowance relating to the realization of domestic and foreign net operating losses, domestic and foreign tax credits and the limitation on the deduction of interest expense of $10.5 million was provided at December 31, 2023 and a valuation allowance related to the realization of domestic and foreign net operating losses, domestic and foreign tax credits and the limitation on the deduction of interest expense of $21.1 million was provided at December 31, 2022. A valuation allowance is provided whenever it is more likely than not that some or all of deferred assets recorded may not be realized.

The reconciliation between the Federal Statutory Rate and the effective income tax rate for 2023, 2022 and 2021 are as follows:


	Year ended December 31,
	2023		2022		2021
United States Federal Statutory Rate	21.0	%	21.0	%	21.0	%
State income taxes (net of Federal benefits)	(17.8)		8.5		6.5
Foreign income taxes	(25.9)		5.8		13.3
Expenses of Compass Group Diversified Holdings LLC representing a pass through to shareholders (1)	—		—		56.6
Impact of subsidiary employee stock options	20.4		1.4		(0.4)
Non-deductible acquisition costs	0.2		1.3		1.0
Impairment expense	(90.1)		2.2		—
Non-recognition of various carryforwards at subsidiaries	2.0		35.9		(3.7)
United States tax on foreign income	(8.3)		1.1		(3.9)
Dividend (net of dividend received deduction)	(51.0)		7.7		—
Utilization of tax credits	29.7		(19.0)		(8.4)
Effect of classification of assets held for sale	—		21.1		(27.3)
Other	(2.8)		4.0		2.8
Effective income tax rate	(122.6)	%	91.0	%	57.5	%

A reconciliation of the amount of unrecognized tax benefits for 2023, 2022 and 2021 are as follows (in thousands):


Balance at January 1, 2021	$	1,334
Additions for current years’ tax positions	31
Additions for prior years’ tax positions	15
Reductions for prior years’ tax positions	(63)
Reductions for expiration of statute of limitations	$	(63)
Balance at December 31, 2021	$	1,254
Additions for current years’ tax positions	91
Additions for prior years’ tax positions	15
Reductions for prior years' tax positions	(71)
Reductions for expiration of statute of limitations	(73)
Balance at December 31, 2022	$	1,216
Additions for current years’ tax positions	28,325
Additions for prior years’ tax positions	33
Reductions for prior years' tax positions	(184)
Reductions for expiration of statute of limitations	(68)
Balance at December 31, 2023	$	29,322

The unrecognized tax benefits are recorded in the consolidated balance sheet in other noncurrent liabilities. Included in the unrecognized tax benefits at December 31, 2023 and 2022 is $1.3 million and $1.2 million, respectively, of tax benefits that, if recognized, would affect the Company’s effective tax rate. Also included in the unrecognized tax benefits at December 31, 2023 is $27.9 million of unrecognized tax benefits that, if recognized, would not affect the Company's effective tax rate but would result in an adjustment to discontinued operations in future periods. The $27.9 million in unrecognized tax benefits is recorded as a reduction to the gain on sale related to the sale of our ACI and Marucci subsidiaries in the year ended December 31, 2023. If recognized, the tax benefit would result in additional gain on sale in discontinued operations.

The Company accrues interest and penalties related to uncertain tax positions. The amounts accrued at December 31, 2023, 2022 and 2021 are not material to the Company. Such amounts are included in the provision (benefit) for income taxes in the accompanying consolidated statements of operations. It is expected that the amount of unrecognized tax benefits will change in the next twelve months. However, we do not expect the change to have a significant impact on the consolidated results of operations or financial position.

Each of the Company’s businesses file U.S. Federal, state and foreign income tax returns in multiple jurisdictions with varying statutes of limitations. The 2018 through 2023 tax years generally remain subject to examinations by the taxing authorities.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Supplemental Data - Summary of Supplemental Balance Sheet Data (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2020
Summary of accrued expenses:
Accrued payroll and fringe benefits	$ 44,039	$ 31,386
Accrued taxes	13,759	15,608
Income taxes payable	3,878	3,141
Accrued interest	19,447	21,071
Accrued rebates and discounts	9,868	8,948
Warranty payable	1,375	1,530
Accrued inventory	33,478	74,858
Deferred Revenue	7,350	7,093
Other accrued expenses	24,262	20,703
Total	157,456	184,338
Warranty liability:
Beginning balance	1,530	1,838
Accrual	3,489	2,954
Warranty payments	(3,644)	(3,262)
Ending balance	$ 1,375	$ 1,530
Equity Method Investments			$ 3,600

Noncontrolling Interest

12 Months Ended

Dec. 31, 2023

Noncontrolling Interest [Abstract]

Noncontrolling Interest

Noncontrolling interest represents the portion of a majority-owned subsidiary’s net income and equity that is owned by noncontrolling shareholders.


	% Ownership (1) December 31, 2023		% Ownership (1) December 31, 2022		% Ownership (1) December 31, 2021
	Primary	Fully Diluted	Primary	Fully Diluted	Primary	Fully Diluted
5.11	97.2	88.9	97.7	88.3	97.6	88.4
BOA	91.8	83.2	91.8	83.5	91.8	83.8
Ergobaby	81.6	72.8	81.6	72.8	81.7	72.7
Lugano	59.9	55.5	59.9	55.2	59.9	58.1
PrimaLoft	90.7	83.1	90.7	83.7	N/a	N/a
Velocity	99.4	87.7	99.4	87.7	99.3	87.6
Altor	99.3	89.8	99.8	88.2	100.0	91.2
Arnold	98.0	85.5	98.0	85.5	98.0	85.5
Sterno	99.4	87.6	99.4	90.7	100.0	87.1


	Noncontrolling Interest Balances
(in thousands)	December 31, 2023		December 31, 2022
5.11	$	15,350	$	17,186
BOA	8,316		36,215
Ergobaby	16,756		16,020
Lugano	105,425		82,967
PrimaLoft	30,736		36,263
Velocity	6,770		6,115
Altor	5,354		5,077
Arnold	1,707		1,475
Sterno	2,117		2,046
Allocation Interests	100		100
	$	192,631	$	203,464

Income Taxes - Summary of Deferred Tax Assets and Deferred Tax Liabilities (Detail) - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Deferred tax assets:

Tax credits

$ 8,552

$ 9,958

Accounts receivable and allowances

1,181

1,658

Net operating loss carryforwards

10,574

27,095

Accrued expenses

6,685

7,722

Interest expense limitation carryforwards

19,386

7,419

Deferred Tax Asset, Leases

46,226

39,026

Deferred Tax Assets, Inventory

9,226

9,406

Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-Based Compensation Cost

5,976

6,048

Deferred Tax Assets, in Process Research and Development

5,695

3,232

Other

4,039

3,763

Total deferred tax assets

117,540

115,327

Valuation allowance

^[1]

(10,510)

(21,104)

Net deferred tax assets

107,030

94,223

Deferred tax liabilities:

Intangible assets

(162,771)

(178,224)

Property and equipment

(23,273)

(23,551)

Repatriation of foreign earnings

(38)

Deferred Tax Liabilities, Leasing Arrangements

(842)

(863)

Right of use assets

(40,237)

(34,174)

Total deferred tax liabilities

(227,161)

(236,850)

Total net deferred tax liability

$ (120,131)

$ (142,627)

[1]	Primarily relates to the Trust and 5.11, Arnold, Ergo and Velocity operating segments.

Goodwill and Other Intangible Assets - Summary of Estimated Charges to Amortization Expense of Intangible Assets (Detail) $ in Thousands	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2020	$ 94,326
2021	89,124
2022	82,825
2023	72,091
2024	$ 69,958

Debt - Issuance Costs (Details) - USD ($) $ in Thousands		12 Months Ended
Debt - Issuance Costs (Details) - USD ($) $ in Thousands	Mar. 02, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jul. 12, 2022	Nov. 17, 2021	Mar. 31, 2021
Debt Instrument [Line Items]
Debt modification and extinguishment costs		$ 0	$ 5,276	$ 21,708
Accumulated amortization		(13,779)	(9,760)
Deferred debt issuance costs, net		18,747	22,766
Amortization of Debt Issuance Costs		4,038	3,740	2,979
Deferred debt issuance costs		32,526	32,526
Loss on debt extinguishment	$ 33,300	0	(534)	$ (33,305)
Other noncurrent assets
Debt Instrument [Line Items]
Deferred debt issuance costs, net		5,626	7,234
Long-term debt
Debt Instrument [Line Items]
Deferred debt issuance costs, net		$ 13,121	$ 15,532
2029 Senior Notes
Debt Instrument [Line Items]
Deferred debt issuance costs	12,000
2032 Senior Notes
Debt Instrument [Line Items]
Deferred debt issuance costs						$ 4,300
Senior notes due 2026 [Member]
Debt Instrument [Line Items]
Deferred debt issuance costs							$ 7,200
2021 credit facility
Debt Instrument [Line Items]
Deferred debt issuance costs	$ 5,400
2022 Credit Facility
Debt Instrument [Line Items]
Deferred debt issuance costs					$ 2,800
2022 Term Loan
Debt Instrument [Line Items]
Deferred debt issuance costs					$ 2,500

Noncontrolling Interest (Tables)

12 Months Ended

Dec. 31, 2023

Noncontrolling Interest [Abstract]

Deconsolidation, Effects of IPO


	% Ownership (1) December 31, 2023		% Ownership (1) December 31, 2022		% Ownership (1) December 31, 2021
	Primary	Fully Diluted	Primary	Fully Diluted	Primary	Fully Diluted
5.11	97.2	88.9	97.7	88.3	97.6	88.4
BOA	91.8	83.2	91.8	83.5	91.8	83.8
Ergobaby	81.6	72.8	81.6	72.8	81.7	72.7
Lugano	59.9	55.5	59.9	55.2	59.9	58.1
PrimaLoft	90.7	83.1	90.7	83.7	N/a	N/a
Velocity	99.4	87.7	99.4	87.7	99.3	87.6
Altor	99.3	89.8	99.8	88.2	100.0	91.2
Arnold	98.0	85.5	98.0	85.5	98.0	85.5
Sterno	99.4	87.6	99.4	90.7	100.0	87.1


	Noncontrolling Interest Balances
(in thousands)	December 31, 2023		December 31, 2022
5.11	$	15,350	$	17,186
BOA	8,316		36,215
Ergobaby	16,756		16,020
Lugano	105,425		82,967
PrimaLoft	30,736		36,263
Velocity	6,770		6,115
Altor	5,354		5,077
Arnold	1,707		1,475
Sterno	2,117		2,046
Allocation Interests	100		100
	$	192,631	$	203,464

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of presentation

Principles of consolidation

Discontinued Operations

Use of estimates

Allocation Interests

Revenue recognition

Cash and cash equivalents

Accounts receivable and allowance for doubtful accounts

Inventories

Property, plant and equipment

The ranges of useful lives are as follows:


Buildings and improvements			6 to 40 years
Machinery and equipment			2 to 18 years
Office furniture, computers and software			2 to 8 years
Leasehold improvements			Shorter of useful life or lease term

Fair value of financial instruments

Business combinations

Goodwill

Refer to "Note H - Goodwill and Intangible Assets" for the results of the annual impairment tests.

Deferred debt issuance costs

Product Warranty Costs

Foreign currency

Noncontrolling interest

Income taxes

Deferred Income Taxes

Uncertain Tax Positions

Change in Company Tax Status Election

Earnings per common share

The Company did not have any stock option plans or any other potentially dilutive securities outstanding during the years ended December 31, 2023, 2022 and 2021.

Advertising costs

Research and development

Employee retirement plans

Seasonality

Earnings of certain of our operating segments are seasonal in nature due to various recurring events, holidays and seasonal weather patterns, as well as the timing of our acquisitions during a given year. Historically, the third and fourth quarter have produced the highest net sales in our fiscal year, however, due to various acquisitions in the last three years, there is generally less seasonality in our net sales on a consolidated basis than there has been historically.

Stock based compensation

Discontinued Operations - Summarized Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Nov. 01, 2023	Jan. 10, 2023	Dec. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations	$ 0			$ 21,578
Current assets of discontinued operations	0			102,119
Disposal Group, Including Discontinued Operation, Assets, Noncurrent, Total	0			286,049
Current liabilities of discontinued operations	0			31,771
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	$ 0			21,475
Marucci
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Total enterprise value		$ 572,000
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations				20,045
Cash				1,281
Accounts receivable, net				33,674
Disposal Group, Including Discontinued Operation, Inventory				47,538
Prepaid expenses and other current assets				1,500
Current assets of discontinued operations				83,993
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment				14,023
Disposal Group, Including Discontinued Operation, Goodwill				75,719
Disposal Group, Including Discontinued Operation, Intangible Assets				112,439
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent				4,021
Disposal Group, Including Discontinued Operation, Assets, Noncurrent, Total				206,202
Disposal Group, Including Discontinued Operation, Accounts Payable, Current				7,462
Disposal Group, Including Discontinued Operation, Accrued Liabilities, Current				8,790
Disposal Group, Including Discontinued Operation, Deferred Revenue				3,112
Disposal Group, Including Discontinued Operation, Other Liabilities, Current				1,259
Current liabilities of discontinued operations				20,623
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities				3,016
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent				2,267
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent				5,283
Aci [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Total enterprise value			$ 220,000
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations				1,533
Cash				3,391
Accounts receivable, net				10,044
Disposal Group, Including Discontinued Operation, Inventory				4,345
Prepaid expenses and other current assets				346
Current assets of discontinued operations				18,126
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment				6,949
Disposal Group, Including Discontinued Operation, Goodwill				66,678
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent				6,220
Disposal Group, Including Discontinued Operation, Assets, Noncurrent, Total				79,847
Disposal Group, Including Discontinued Operation, Accounts Payable, Current				3,810
Disposal Group, Including Discontinued Operation, Accrued Liabilities, Current				5,570
Disposal group due to related party				250
Disposal Group, Including Discontinued Operation, Other Liabilities, Current				1,518
Current liabilities of discontinued operations				11,148
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities				10,999
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent				5,193
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent				$ 16,192

Revenue (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables provide disaggregation of revenue by reportable segment geography for the years ended December 31, 2023, 2022 and 2021 (in thousands).


	Year ended December 31, 2023
	United States		Mexico		Europe		Asia Pacific		Other International		Total
5.11	$	423,750	$	26,718	$	34,018	$	17,313	$	31,290	$	533,089
BOA (1)	41,036		22		56,073		58,139		555		155,825
Ergo	35,083		71		27,351		24,012		7,342		93,859
Lugano	304,761		—		3,102		73		385		308,321
PrimaLoft (2)	774		101		3,500		62,049		629		67,053
Velocity	156,853		1,141		4,393		617		9,186		172,190
Altor	204,598		33,432		—		—		—		238,030
Arnold	115,625		413		39,173		6,388		5,080		166,679
Sterno	312,239		1		3,354		10		8,226		323,830
	$	1,594,719	$	61,899	$	170,964	$	168,601	$	62,693	$	2,058,876


	Year ended December 31, 2022
	United States		Mexico		Europe		Asia Pacific		Other International		Total
5.11	$	384,911	$	19,110	$	34,389	$	16,677	$	31,126	$	486,213
BOA (1)	61,719		12		66,273		79,848		836		208,688
Ergo	32,207		76		28,210		22,903		5,039		88,435
Lugano	192,026		—		9,014		439		28		201,507
PrimaLoft (2)	1,583		56		1,881		20,623		601		24,744
Velocity	208,215		1,303		7,557		1,301		13,862		232,238
Altor	233,158		28,180		—		—		—		261,338
Arnold	105,899		456		38,602		6,490		2,368		153,815
Sterno	340,510		15		2,746		86		8,795		352,152
	$	1,560,228	$	49,208	$	188,672	$	148,367	$	62,655	$	2,009,130


	Year ended December 31, 2021
	United States		Mexico		Europe		Asia Pacific		Other International		Total
5.11	$	363,017	$	15,365	$	27,393	$	15,715	23,473		$	444,963
BOA (1)	52,804		37		57,570		53,735		1,004		$	165,150
Ergo	33,319		54		31,411		24,891		3,956		$	93,631
Lugano	53,662		—		—		385		—		$	54,047
Velocity	243,347		1,074		8,546		1,328		16,131		$	270,426
Altor	154,882		25,335		—		—		—		$	180,217
Arnold	96,944		471		33,828		6,086		2,612		$	139,941
Sterno	361,586		11		1,071		281		12,178		$	375,127
	$	1,359,561	$	42,347	$	159,819	$	102,421	$	59,354	$	1,723,502

(1) For BOA, revenue reflects the location of BOA's Brand Partners.

(2) For PrimaLoft, revenue reflects the location of our manufacturing partners.

Operating Segment Data - Summary of Profit (Loss) of Operating Segments (Detail) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended				48 Months Ended
	Mar. 02, 2021	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2017	Dec. 31, 2023
Segment Reporting, Revenue Reconciling Item [Line Items]
Depreciation, Depletion and Amortization										$ 146,405	$ 128,459	$ 112,026
Identifiable assets of segments		$ 2,192,990				$ 2,153,537				2,192,990	2,153,537			$ 2,192,990
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest										(17,405)	40,751	26,663
Interest expense, net										105,179	83,492	58,834
Amortization of Debt Issuance Costs										4,038	3,740	2,979
Loss on debt extinguishment	$ 33,300									0	(534)	(33,305)
Other expense, net										1,743	(2,321)	(1,303)
Operating income		(3,974)	$ 17,373	$ 42,113	$ 34,557	6,291	$ 36,083	$ 51,747	$ 36,717	90,069	130,838	123,084
Integration service fees										2,400	4,100	4,900
Goodwill impairment expense										(89,400)	(20,552)
Velocity Outdoor
Segment Reporting, Revenue Reconciling Item [Line Items]
Depreciation, Depletion and Amortization										13,100	13,030	12,451
Identifiable assets of segments		207,609				224,356				207,609	224,356			207,609
Goodwill impairment expense			$ 32,600							(31,590)	0			64,500
5.11 Tactical
Segment Reporting, Revenue Reconciling Item [Line Items]
Depreciation, Depletion and Amortization										25,714	22,742	22,048
Identifiable assets of segments		398,050				450,537				398,050	450,537			398,050
Goodwill impairment expense										0	0
Ergobaby
Segment Reporting, Revenue Reconciling Item [Line Items]
Depreciation, Depletion and Amortization										8,011	8,007	8,405
Identifiable assets of segments		73,660				84,657				73,660	84,657			73,660
Goodwill impairment expense										0	(20,552)
Lugano
Segment Reporting, Revenue Reconciling Item [Line Items]
Identifiable assets of segments		510,484				327,795				510,484	327,795			510,484
Boa
Segment Reporting, Revenue Reconciling Item [Line Items]
Depreciation, Depletion and Amortization										22,659	21,751	19,999
Identifiable assets of segments		243,243				240,359				243,243	240,359			243,243
Goodwill impairment expense										0	0
Lugano
Segment Reporting, Revenue Reconciling Item [Line Items]
Depreciation, Depletion and Amortization										7,413	5,648	1,881
Goodwill impairment expense										0	0
Altor
Segment Reporting, Revenue Reconciling Item [Line Items]
Depreciation, Depletion and Amortization										16,495	16,157	12,700
Identifiable assets of segments		186,683				198,943				186,683	198,943			186,683
Goodwill impairment expense										0	0
Arnold
Segment Reporting, Revenue Reconciling Item [Line Items]
Depreciation, Depletion and Amortization										8,279	7,878	8,728
Identifiable assets of segments		110,883				105,196				110,883	105,196			110,883
Goodwill impairment expense										0	0		$ 24,900
PrimaLoft
Segment Reporting, Revenue Reconciling Item [Line Items]
Depreciation, Depletion and Amortization										21,155	9,664	0
Identifiable assets of segments		288,212				310,914				288,212	310,914			288,212
Goodwill impairment expense		56,800								(57,810)	0
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Depreciation, Depletion and Amortization										142,367	124,719	109,130
Identifiable assets of segments		$ 2,597,312				$ 2,172,734				2,597,312	2,172,734			$ 2,597,312
Operating income										170,236	203,763	181,912
Operating Segments \| Velocity Outdoor
Segment Reporting, Revenue Reconciling Item [Line Items]
Loss from continuing operations before income taxes										(32,828)	18,961	39,725
Operating Segments \| 5.11 Tactical
Segment Reporting, Revenue Reconciling Item [Line Items]
Loss from continuing operations before income taxes										46,699	43,531	39,374
Operating Segments \| Ergobaby
Segment Reporting, Revenue Reconciling Item [Line Items]
Loss from continuing operations before income taxes										4,820	(16,814)	9,087
Operating Segments \| Sterno Candle Lamp
Segment Reporting, Revenue Reconciling Item [Line Items]
Loss from continuing operations before income taxes										24,852	19,801	19,877
Operating Segments \| Corporate and Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Operating income										(80,167)	(72,925)	(58,828)
Operating Segments \| Boa
Segment Reporting, Revenue Reconciling Item [Line Items]
Loss from continuing operations before income taxes										27,291	57,810	33,976
Operating Segments \| Lugano
Segment Reporting, Revenue Reconciling Item [Line Items]
Loss from continuing operations before income taxes										100,306	53,015	9,923
Operating Segments \| Altor
Segment Reporting, Revenue Reconciling Item [Line Items]
Loss from continuing operations before income taxes										34,566	24,591	17,962
Operating Segments \| Arnold
Segment Reporting, Revenue Reconciling Item [Line Items]
Loss from continuing operations before income taxes										21,587	16,700	11,988
Operating Segments \| PrimaLoft
Segment Reporting, Revenue Reconciling Item [Line Items]
Loss from continuing operations before income taxes										(57,057)	(13,832)	0
Reconciliation of Segment to Consolidated
Segment Reporting, Revenue Reconciling Item [Line Items]
Interest expense, net										105,179	83,492	58,834
Amortization of Debt Issuance Costs										(4,038)	(3,740)	(2,979)
Loss on debt extinguishment										0	(534)	(33,305)
Other expense, net										$ 1,743	$ (2,321)	$ (1,303)

Stockholder's Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands																														3 Months Ended										12 Months Ended
	Jan. 30, 2024	Jan. 25, 2024	Oct. 30, 2023	Oct. 26, 2023	Jul. 30, 2023	Jul. 27, 2023	Apr. 30, 2023	Apr. 27, 2023	Jan. 30, 2023	Jan. 26, 2023	Oct. 30, 2022	Oct. 27, 2022	Jul. 30, 2022	Jul. 28, 2022	Apr. 30, 2022	Apr. 28, 2022	Jan. 30, 2022	Jan. 20, 2022	Oct. 30, 2021	Oct. 22, 2021	Sep. 07, 2021	Aug. 03, 2021	Jul. 30, 2021	Jul. 22, 2021	Apr. 30, 2021	Apr. 22, 2021	Nov. 20, 2019	Mar. 13, 2018	Jun. 28, 2017	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020	Dec. 02, 2019
Stockholders Equity [Line Items]
Document Period End Date																																								Dec. 31, 2023
Finite-Lived Intangible Assets, Gross																														$ 1,357,426				$ 1,353,288						$ 1,357,426	$ 1,353,288
Income (loss) from continuing operations																														$ (38,970)	$ (19,705)	$ 6,553	$ (2,559)	$ (24,013)	$ (12,348)	$ 23,352	$ 6,300			(54,681)	(6,709)	$ 4,458
Less: Distributions paid - Allocation Interests																																								26,475	0	34,058
Less: Distributions paid - Preferred Shares																																								$ 24,181	24,181	24,181
Trust shares, authorized (in shares)																														500,000,000										500,000,000
Issuance of Trust common shares, net of offering costs																																								$ 74,259	83,851	114,629
Dividends, Preferred Stock, Cash																																								$ 2,869	$ 2,869	$ 2,869
Preferred Stock, Shares Authorized																														50,000,000										50,000,000
Preferred Stock, Shares Issued																														12,600,000				12,600,000						12,600,000	12,600,000
Preferred Stock, Redemption Price Per Share																											$ 25.00	$ 25.00
Distribution declared per share (in dollars per share)				$ 0.25		$ 0.25		$ 0.25		$ 0.25		$ 0.25		$ 0.25		$ 0.25		$ 0.25		$ 0.36	$ 0.88			$ 0.36		$ 0.36												$ 0.25				$ 0.25	$ 0.36
Distribution To Shareholders				$ 17,955		$ 17,974		$ 17,987		$ 18,051		$ 18,051		$ 17,931		$ 17,510		$ 17,352		$ 23,742	$ 57,112			$ 23,364		$ 23,364
Net Income Loss Available to Trust Stock Net of Distributions																																								$ (108,206)	$ (33,759)	$ (56,650)
Finite-Lived Intangible Assets, Accumulated Amortization																														$ 490,986				$ 395,256						490,986	395,256
Intangible assets, net																														923,905				1,015,497						923,905	1,015,497
Carrying value of trade names																														866,440				958,032						866,440	958,032
Trade names, not subject to amortization																														56,965				56,965						56,965	56,965
Intangible assets, gross (excluding goodwill)																														$ 1,414,891				$ 1,410,753						$ 1,414,891	$ 1,410,753
Distributions For Contribution Based Profit Allocation Payments																																2,100
Trust shares, issued (in shares)																														75,753,000				72,203,000						75,753,000	72,203,000
Proceeds from Issuance of Common Stock																																								$ 74,259	$ 83,851	114,629
At the market offering costs																																								200
Commissions Payable to Broker-Dealers and Clearing Organizations																																		$ 1,500							1,500
Stock Repurchase Program, Authorized Amount																														$ 50,000										$ 50,000
Stock Repurchased During Period, Shares																																								482,400
Stock Repurchased During Period, Value																																								$ 9,200
Payments Of Distributions To Shareholders																						$ 57,100																		$ 71,967	$ 70,845	150,946
us-gaap_CommissionsPayableToBrokerDealersAndClearingOrganizations																																								1.00%
At the market equity offering
Stockholders Equity [Line Items]
Trust shares, authorized (in shares)																					500,000,000
Trust shares, issued (in shares)																																									3,464,844
Proceeds from Issuance or Sale of Equity																																									$ 84,000
Private Placement
Stockholders Equity [Line Items]
Trust shares, issued (in shares)																																								3,550,000
Proceeds from Issuance or Sale of Equity																																								$ 75,200
Commissions Payable to Broker-Dealers and Clearing Organizations																														$ 800										$ 800
Shares Issued, Price Per Share																														$ 21.18										$ 21.18
Preferred Stock [Member]
Stockholders Equity [Line Items]
Trust shares, issued (in shares)																													96,400,000
Retained Earnings
Stockholders Equity [Line Items]
Less: Distributions paid - Allocation Interests																																								$ 26,475		$ 34,058
Lugano
Stockholders Equity [Line Items]
Distributions For Contribution Based Profit Allocation Payments																																		$ 16,800
Aci [Member]
Stockholders Equity [Line Items]
Distributions For Contribution Based Profit Allocation Payments																																$ 24,400							$ 12,100
Series C Preferred Stock [Member]
Stockholders Equity [Line Items]
Shares, Issued																																												110,997,000
Issuance of Trust common shares, net of offering costs																																									$ 111,000
Preferred Stock, Dividend Rate, Percentage																											7.875%
Dividends, Preferred Stock, Cash																																								$ 1,500
Preferred Stock, Shares Issued																											4,000,000			4,600,000				4,600,000						4,600,000	4,600,000				600,000
Proceeds from issuance of preferred stock																																						$ 115,000
Preferred Stock, Value, Issued																														$ 110,997				$ 110,997						$ 110,997	$ 110,997
Preferred Shares Redemption, Fundamental Change, Increase In Distribution Rate Per Annum Following Notice Period																											5.00%
Preferred Stock, Cash Distributions Paid, Per Share			$ 0.4921875		$ 0.4921875		$ 0.4921875		$ 0.4921875		$ 0.4921875		$ 0.4921875		$ 0.4921875		$ 0.4921875		$ 0.4921875				$ 0.4921875		$ 0.4921875
Distribution To Shareholders			$ 2,264		$ 2,264		$ 2,264		$ 2,264		$ 2,264		$ 2,264		$ 2,264		$ 2,264		$ 2,264				$ 2,264		$ 2,264
Series B Preferred Stock [Member]
Stockholders Equity [Line Items]
Shares, Issued																																												96,504,000
Issuance of Trust common shares, net of offering costs																												$ 96,500
Preferred Stock, Dividend Rate, Percentage																												7.875%
Dividends, Preferred Stock, Cash																																								$ 1,300
Preferred Stock, Shares Issued																												4,000,000		4,000,000				4,000,000						4,000,000	4,000,000
Proceeds from issuance of preferred stock																												$ 100,000
Preferred Stock, Value, Issued																														$ 96,504				$ 96,504						$ 96,504	$ 96,504
Preferred Shares Redemption, Fundamental Change, Increase In Distribution Rate Per Annum Following Notice Period																												5.00%
Preferred Stock, Dividend Rate, Spread																												4.985%
Series A Preferred Stock [Member]
Stockholders Equity [Line Items]
Shares, Issued																																												96,417,000
Preferred Stock, Dividend Rate, Percentage																													7.25%
Preferred Stock, Shares Issued																													4,000,000	4,000,000				4,000,000						4,000,000	4,000,000
Preferred Stock, Liquidation Preference Per Share																													$ 25.00
Proceeds from issuance of preferred stock																													$ 100,000
Preferred Stock, Value, Issued																														$ 96,417				$ 96,417						$ 96,417	$ 96,417
Preferred Stock, Redemption Price Per Share																													$ 25.00
Preferred Shares Redemption, Fundamental Change, Increase In Distribution Rate Per Annum Following Notice Period																													5.00%
Preferred Stock, Cash Distributions Paid, Per Share			$ 453.125000		$ 453.125000		$ 453.125000		$ 453.125000		$ 453.125000		$ 453.125000		$ 453.125000		$ 453.125000		$ 453.125000				$ 453.125000		$ 453.125000
Distribution To Shareholders			$ 1,813		$ 1,813		$ 1,813		$ 1,813		$ 1,813		$ 1,813		$ 1,813		$ 1,813		$ 1,813				$ 1,813		$ 1,813
Series B [Member]
Stockholders Equity [Line Items]
Preferred Stock, Cash Distributions Paid, Per Share			$ 0.4921875		$ 0.4921875		$ 0.4921875		$ 0.4921875		$ 0.4921875		$ 0.4921875		$ 0.4921875		$ 0.4921875		$ 0.4921875				$ 0.4921875		$ 0.4921875
Distribution To Shareholders			$ 1,969		$ 1,969		$ 1,969		$ 1,969		$ 1,969		$ 1,969		$ 1,969		$ 1,969		$ 1,969				$ 1,969		$ 1,969
Minimum \| Series C Preferred Stock [Member]
Stockholders Equity [Line Items]
Preferred Stock, Redemption Price Per Share																											$ 25.25
Preferred Shares Redemption, Fundamental Change, Notice Period																											31 days
Preferred Shares Redemption, Notice Period																											30 days
Preferred Shares Tax Redemption, Notice Period																											60 days
Minimum \| Series B Preferred Stock [Member]
Stockholders Equity [Line Items]
Preferred Stock, Redemption Price Per Share																												$ 25.25
Preferred Shares Redemption, Fundamental Change, Notice Period																												31 days
Preferred Shares Redemption, Notice Period																												30 days
Preferred Shares Tax Redemption, Notice Period																												60 days
Minimum \| Series A Preferred Stock [Member]
Stockholders Equity [Line Items]
Preferred Stock, Redemption Price Per Share																													$ 25.25
Preferred Shares Redemption, Fundamental Change, Notice Period																													31 days
Preferred Shares Redemption, Notice Period																													30 days
Preferred Shares Tax Redemption, Notice Period																													60 days
Customer relationships
Stockholders Equity [Line Items]
Finite-Lived Intangible Assets, Gross																														772,423				770,982						772,423	770,982
Finite-Lived Intangible Assets, Accumulated Amortization																														294,628				237,500						294,628	237,500
Carrying value of trade names																														$ 477,795				533,482						$ 477,795	533,482
Finite-Lived Intangible Asset, Useful Life																														14 years										14 years
Technology and patents
Stockholders Equity [Line Items]
Finite-Lived Intangible Assets, Gross																														$ 202,898				200,820						$ 202,898	200,820
Finite-Lived Intangible Assets, Accumulated Amortization																														66,035				51,169						66,035	51,169
Carrying value of trade names																														$ 136,863				149,651						$ 136,863	149,651
Finite-Lived Intangible Asset, Useful Life																														12 years										12 years
Trade name
Stockholders Equity [Line Items]
Finite-Lived Intangible Assets, Gross																														$ 375,507				374,888						$ 375,507	374,888
Finite-Lived Intangible Assets, Accumulated Amortization																														124,648				101,577						124,648	101,577
Carrying value of trade names																														$ 250,859				273,311						$ 250,859	273,311
Finite-Lived Intangible Asset, Useful Life																														17 years										17 years
Licensing and non-compete agreements
Stockholders Equity [Line Items]
Finite-Lived Intangible Assets, Gross																														$ 4,638				4,638						$ 4,638	4,638
Finite-Lived Intangible Assets, Accumulated Amortization																														4,082				3,825						4,082	3,825
Carrying value of trade names																														$ 556				813						$ 556	813
Finite-Lived Intangible Asset, Useful Life																														5 years										5 years
Distributor relations and other
Stockholders Equity [Line Items]
Finite-Lived Intangible Assets, Gross																														$ 1,960				1,960						$ 1,960	1,960
Finite-Lived Intangible Assets, Accumulated Amortization																														1,593				1,185						1,593	1,185
Carrying value of trade names																														$ 367				$ 775						$ 367	$ 775
Finite-Lived Intangible Asset, Useful Life																														4 years										4 years
Subsequent Event [Member]
Stockholders Equity [Line Items]
Distribution declared per share (in dollars per share)		$ 0.25
Distribution To Shareholders		$ 18,818
Subsequent Event [Member] \| Series C Preferred Stock [Member]
Stockholders Equity [Line Items]
Preferred Stock, Cash Distributions Paid, Per Share	$ 0.4921875
Distribution To Shareholders	$ 2,264
Subsequent Event [Member] \| Series A Preferred Stock [Member]
Stockholders Equity [Line Items]
Preferred Stock, Cash Distributions Paid, Per Share	$ 453.125000
Distribution To Shareholders	$ 1,813
Subsequent Event [Member] \| Series B [Member]
Stockholders Equity [Line Items]
Preferred Stock, Cash Distributions Paid, Per Share	$ 0.4921875
Distribution To Shareholders	$ 1,969

Stockholder's Equity

Nov. 20, 2019

Equity [Abstract]

Stockholder's Equity

Stockholders' Equity

Trust Common Shares

The Trust is authorized to issue 500,000,000 Trust common shares and the LLC is authorized to issue a corresponding number of LLC interests. The Company will, at all times, have the identical number of LLC interests outstanding as Trust shares. Each Trust share represents an undivided beneficial interest in the Trust, and each Trust share is entitled to one vote per share on any matter with respect to which members of the LLC are entitled to vote.

Share Repurchase Program

In January 2023, the Company's Board of Directors approved a share repurchase program authorizing the Company to repurchase, through December 31, 2023, up to $50 million of its outstanding common shares. The Company repurchased 482,400 shares for approximately $9.2 million during the year ended December 31, 2023. The share repurchase program expired on December 31, 2023.

Private Placement

On December 15, 2023, the Company completed the sale of 3,550,000 common shares in a private placement to

Allspring Special Small Cap Value Fund for consideration per share equal to $21.18 per share, or an aggregate sale price of approximately $75.2 million. In connection with the issuance of the shares, we paid a commission equal to 1% of the aggregate sales price, or approximately $0.8 million. The sale of the common shares was made pursuant to a subscription agreement pursuant to which the buyer agreed not to dispose of the common shares for a period of six months following the date of the private placement.

At-The-Market Equity Offering Program

On September 7, 2021, the Company filed a prospectus supplement pursuant to which the Company may, but has no obligation to, issue and sell up to $500 million common shares of the Trust in amounts and at times to be determined by the Company. Actual sales will depend on a variety of factors to be determined by us from time to time, including, market conditions, the trading price of Trust common shares and determinations by us regarding appropriate sources of funding.

In connection with this offering, the Company entered into an At Market Issuance Sales Agreement (the “Sales Agreement”) with B. Riley Securities, Inc. and Goldman Sachs & Co. LLC (each a “Sales Agent” and, collectively, the “Sales Agents”). The Sales Agreement provides that the Company may offer and sell Trust common shares from time to time through the Sales Agents up to $500 million, in amounts and at times to be determined by the Company. Pursuant to the Sales Agreement, the shares may be offered and sold through each Sales Agent, acting separately, in ordinary brokers’ transactions, to or through a market maker, on or through the New York Stock Exchange or any other market venue where the securities may be traded, in the over-the-counter market, in privately negotiated transactions, in transactions that are deemed to be “at the market offerings” as defined in Rule 415 under the Securities Act or through a combination of any such methods of sale.

During the year ended December 31, 2023, there were no sales of Trust common shares under the Sales Agreement as the at-the-market program is not active when the share repurchase program is active.

During the year ended December 31, 2022, the Company sold 3,464,844 Trust common shares under the Sales Agreement. For the same period, the Company received total net proceeds of approximately $84.0 million from these sales, and incurred approximately $1.5 million in commissions payable to the Sales Agents.

The Company incurred $0.2 million total expenses related to the ATM program during both the years ended December 31, 2023 and 2022, respectively.

Trust Preferred Shares

The Trust is authorized to issue up to 50,000,000 Trust preferred shares and the Company is authorized to issue a corresponding number of Trust Interests.

Series C Preferred Shares

On November 20, 2019, the Trust issued 4,000,000 7.875% Series C Preferred Shares (the "Series C Preferred Shares") with a liquidation preference of $25.00 per share, and on December 2, 2019, the Trust issued 600,000 of the Series C Preferred Shares which were sold pursuant to an option to purchase additional shares by the underwriters. Total proceeds from the issuance of the Series C Preferred Shares were $115.0 million, or $111.0 million net of underwriters' discount and issuance costs. Distributions on the Series C Preferred Shares will be payable quarterly in arrears, when and as declared by the Company's board of directors on January 30, April 30, July 30, and October 30 of each year, beginning on January 30, 2020, at a rate per annum of 7.875%. Distributions on the Series C Preferred Shares are cumulative and at December 31, 2023, $1.5 million of Series C distributions are accumulated and unpaid. Unless full cumulative distributions on the Series C Preferred Shares have been or contemporaneously are declared and set apart for payment of the Series C Preferred Shares for all past distribution periods, no distribution may be declared or paid for payment on the Trust common shares. The Series C Preferred Shares are not convertible into Trust common shares and have no voting rights, except in limited circumstances as provided for in the share designation for the Series C Preferred Shares. The Series C Preferred Shares may be redeemed at the Company's option, in whole or in part, at any time after January 30, 2025, at a price of $25.00 per share, plus any accumulated and unpaid distributions (thereon whether authorized or declared) to, but excluding, the redemption date. Holders of Series C Preferred Shares will have no right to require the redemption of the Series C Preferred Shares and there is no maturity date.

If a certain tax redemption event occurs prior to January 30, 2025, the Series C Preferred Shares may be redeemed at the Company's option, in whole but not in part, upon at least 30 days’ notice, within 60 days of the occurrence of such tax redemption event, at a price of $25.25 per share, plus accumulated and unpaid distributions to, but excluding, the redemption date. If a certain fundamental change related to the Series C Preferred Shares or the Company occurs (whether before, on or after January 30, 2025), the Company will be required to repurchase the Series C Preferred Shares at a price of $25.25 per share, plus accumulated and unpaid distributions to, but excluding, the date of purchase. If (i) a fundamental change occurs and (ii) the Company does not give notice prior to the 31st day following the fundamental change to repurchase all the outstanding Series C Preferred Shares, the distribution rate per annum on the Series C Preferred Shares will increase by 5.00%, beginning on the 31st day following such fundamental change. Notwithstanding any requirement that the Company repurchase all of the outstanding Series C Preferred Shares, the increase in the distribution rate is the sole remedy to holders in the event the Company fails to do so, and following any such increase, the Company will be under no obligation to repurchase any Series C Preferred Shares.

Series B Preferred Shares

On March 13, 2018, the Trust issued 4,000,000 7.875% Series B Preferred Shares (the "Series B Preferred Shares") with a liquidation preference of $25.00 per share, for gross proceeds of $100.0 million, or $96.5 million net of underwriters' discount and issuance costs. Distributions on the Series B Preferred Shares are payable quarterly in arrears, when and as declared by the Company's board of directors on January 30, April 30, July 30, and October 30 of each year, beginning on July 30, 2018, at a rate per annum of 7.875%. Holders of the Series B Preferred Shares are entitled to receive cumulative cash distributions (i) from and including the date of issuance to, but excluding, April 30, 2028 at a rate equal to 7.875% per annum and (ii) from and including April 30, 2028, at a floating

rate equal to the then applicable three-month LIBOR (or a successor rate) plus a spread of 4.985% per annum. Subsequent to April 30, 2028, the distribution rate will be reset quarterly. At December 31, 2023, $1.3 million of Series B distributions are accumulated and unpaid. Unless full cumulative distributions on the Series B Preferred Shares have been or contemporaneously are declared and set apart for payment of the Series B Preferred Shares for all past distribution periods, no distribution may be declared or paid for payment on the Trust common shares. The Series B Preferred Shares are not convertible into Trust common shares and have no voting rights, except in limited circumstances as provided for in the share designation for the Series B Preferred Shares. The Series B Preferred Shares may be redeemed at the Company's option, in whole or in part, at any time after April 30, 2028, at a price of $25.00 per share, plus any accumulated and unpaid distributions (thereon whether authorized or

declared) to, but excluding, the redemption date. Holders of Series B Preferred Shares will have no right to require the redemption of the Series B Preferred Shares and there is no maturity date.

If a certain tax redemption event occurs prior to April 30, 2028, the Series B Preferred Shares may be redeemed at the Company's option, in whole but not in part, upon at least 30 days’ notice, within 60 days of the occurrence of such tax redemption event, at a price of $25.25 per share, plus accumulated and unpaid distributions to, but excluding, the redemption date. If a certain fundamental change related to the Series B Preferred Shares or the Company occurs (whether before, on or after April 30, 2028), the Company will be required to repurchase the Series B Preferred Shares at a price of $25.25 per share, plus accumulated and unpaid distributions to, but excluding, the date of purchase. If (i) a fundamental change occurs and (ii) the Company does not give notice prior to the 31st day following the fundamental change to repurchase all the outstanding Series B Preferred Shares, the distribution rate per annum on the Series B Preferred Shares will increase by 5.00%, beginning on the 31st day following such fundamental change. Notwithstanding any requirement that the Company repurchase all of the outstanding Series B Preferred Shares, the increase in the distribution rate is the sole remedy to holders in the event the Company fails to do so, and following any such increase, the Company will be under no obligation to repurchase any Series B Preferred Shares.

Series A Preferred Shares

On June 28, 2017, the Trust issued 4,000,000 7.250% Series A Preferred Shares (the "Series A Preferred Shares") with a liquidation preference of $25.00 per share, for gross proceeds of $100.0 million, or $96.4 million net of underwriters' discount and issuance costs. When, and if declared by the Company's board of directors, distribution on the Series A Preferred Shares will be payable quarterly on January 30, April 30, July 30, and October 30 of each year, beginning on October 30, 2017, at a rate per annum of 7.250%. Distributions on the Series A Preferred Shares are discretionary and non-cumulative. The Company has no obligation to pay distributions for a quarterly distribution period if the board of directors does not declare the distribution before the scheduled record of date for the period, whether or not distributions are paid for any subsequent distribution periods with respect to the Series A Preferred Shares, or the Trust common shares. If the Company's board of directors does not declare a distribution for the Series A Preferred Shares for a quarterly distribution period, during the remainder of that quarterly distribution period the Company cannot declare or pay distributions on the Trust common shares. The Series A Preferred Shares are not convertible into Trust common shares and have no voting rights, except in limited circumstances as provided for in the share designation for the Series A Preferred Shares.

The Series A Preferred Shares may be redeemed at the Company's option, in whole or in part, at any time after July 30, 2022, at a price of $25.00 per share, plus declared and unpaid distribution to, but excluding, the redemption date, without payment of any undeclared distributions. Holders of Series A Preferred Shares will have no right to require the redemption of the Series A Preferred Shares and there is no maturity date.

If a certain tax redemption event occurs prior to July 30, 2022, the Series A Preferred Shares may be redeemed at the Company's option, in whole but not in part, upon at least 30 days’ notice, within 60 days of the occurrence of such tax redemption event, at a price of $25.25 per share, plus declared and unpaid distributions to, but excluding, the redemption date, without payment of any undeclared distributions. If a certain fundamental change related to the Series A Preferred Shares or the Company occurs (whether before, on or after July 30, 2022), the Company will be required to repurchase the Series A Preferred Shares at a price of $25.25 per share, plus declared and unpaid distributions to, but excluding, the date of purchase, without payment of any undeclared distributions. If (i) a fundamental change occurs and (ii) the Company does not give notice prior to the 31st day following the fundamental change to repurchase all the outstanding Series A Preferred Shares, the distribution rate per annum on the Series A Preferred Shares will increase by 5.00%, beginning on the 31st day following such fundamental change. Notwithstanding any requirement that the Company repurchase all of the outstanding Series A Preferred Shares, the increase in the distribution rate is the sole remedy to holders in the event the Company fails to do so, and following any such increase, the Company will be under no obligation to repurchase any Series A Preferred Shares.

Allocation Interests

The Allocation Interests represent the original equity interest in the Company. The holders of the Allocation Interests (“Holders”), through Sostratus LLC, are entitled to receive distributions pursuant to a profit allocation formula upon the occurrence of certain events. The distributions of the profit allocation is paid upon the occurrence of the sale of a material amount of capital stock or assets of one of the Company’s businesses (“Sale Event”) or, at the option of the Holders, at each five year anniversary date of the acquisition of one of the Company’s businesses (“Holding Event”).

The Company records distributions of the profit allocation to the Holders upon occurrence of a Sale Event or Holding Event as dividends declared on Allocation Interests to stockholders’ equity when they are approved by the Company’s board of directors.

The following is a summary of the profit allocation payments made to the Holders of the Allocation Interest during the years ended December 31, 2023 and 2021. There were no profit allocation payments during the year ended December 31, 2022.

Year ended December 31, 2023

•The sale of Advanced Circuits in February 2023 represented a Sale Event and the Company's board of director's approved a distribution of $24.4 million paid to the Holders of the Allocation Interests in the second quarter of 2023 (refer to Note D - "Discontinued Operations").

•The Company's board of directors approved a distribution of $2.1 million paid to the Holders of the Allocation Interests related to various sale proceeds received related to previous Sale Events. These distributions were in the second quarter of 2023.

Year ended December 31, 2021

•The fifteen-year anniversary of the acquisition of ACI occurred in May 2021 which represented a Holding Event. The Company declared and paid a distribution to the Holders of the Allocation Interests of $12.1 million in the third quarter of 2021.

•During the fourth quarter of 2021, the Company declared and paid a distribution to the paid to the Holders of the Allocation Interests of $16.8 million related to the sale of Liberty (refer to Note D - "Discontinued Operations").

Reconciliation of net income (loss) available to common shares of Holdings

The following table reconciles net income from continuing operations attributable to Holdings to net income (loss) from continuing operations attributable to the common shares of Holdings:


	Year ended December 31,
(in thousands)	2023		2022		2021

Net income from continuing operations attributable to Holdings	$	(54,681)	$	(6,709)	$	4,458
Less: Distributions paid - Allocation Interests	26,475		—		34,058
Less: Distributions paid - Preferred Shares	24,181		24,181		24,181
Less: Accrued distributions - Preferred Shares	2,869		2,869		2,869
Net loss from continuing operations attributable to common shares of Holdings	$	(108,206)	$	(33,759)	$	(56,650)

Earnings per share

Basic and diluted earnings per share for the fiscal year ended December 31, 2023, 2022 and 2021 is calculated as follows:


	Year ended December 31,
(in thousands, except per share data)	2023		2022		2021
Net loss from continuing operations attributable to common shares of Holdings	$	(108,206)	$	(33,759)	$	(56,650)
Less: Effect of contribution based profit—Holding Event	15,424		13,032		5,348
Loss from continuing operations attributable to common shares	$	(123,630)	$	(46,791)	$	(61,998)


Income from discontinued operations attributable to Holdings	$	300,967	$	43,096	$	110,094
Less: Effect of contribution based profit	—		3,105		13
Income from discontinued operations of Holdings attributable to common shares	$	300,967	$	39,991	$	110,081

Basic and diluted weighted average common shares of Holdings outstanding	72,105		70,715		65,362

Basic and fully diluted income (loss) per common share attributable to Holdings

Continuing operations	$	(1.71)	$	(0.66)	$	(0.95)
Discontinued operations	4.17		0.56		1.68
	$	2.46	$	(0.10)	$	0.73

Distributions

The following table summarizes information related to our quarterly cash distributions on our Trust common and preferred shares:


Period	Cash Distribution per Share		Total Cash Distributions		Record Date	Payment Date
			(in thousands)
Trust Common Shares:
October 1, 2023 - December 31, 2023 (1)	$	0.25	$	18,818	January 18, 2024	January 25, 2024
July 1, 2023 - September 30, 2023	$	0.25	$	17,955	October 19, 2023	October 26, 2023
April 1, 2023 - June 30, 2023	$	0.25	$	17,974	July 20, 2023	July 27, 2023
January 1, 2023 - March 31, 2023	$	0.25	$	17,987	April 20, 2023	April 27, 2023
October 1, 2022 - December 31, 2022	$	0.25	$	18,051	January 19, 2023	January 26, 2023
July 1, 2022 - September 30, 2022	$	0.25	$	18,051	October 20, 2022	October 27, 2022
April 1, 2022 - June 30, 2022	$	0.25	$	17,931	July 21, 2022	July 28, 2022
January 1, 2022 - March 31, 2022	$	0.25	$	17,510	April 21, 2022	April 28, 2022
October 1, 2021 - December 31, 2021	$	0.25	$	17,352	January 13, 2022	January 20, 2022
July 1, 2021 - September 30, 2021	$	0.36	$	23,742	October 15, 2021	October 22, 2021
August 3, 2021 (2)	$	0.88	$	57,112	August 31, 2021	September 7, 2021
April 1, 2021 - June 30, 2021	$	0.36	$	23,364	July 15, 2021	July 22, 2021
January 1, 2021 - March 31, 2021	$	0.36	$	23,364	April 15, 2021	April 22, 2021

Series A Preferred Shares:
October 30, 2023 - January 29, 2024 (1)	$	0.453125	$	1,813	January 15, 2024	January 30, 2024
July 30, 2023 - October 29, 2023	$	0.453125	$	1,813	October 15, 2023	October 30, 2023
April 30, 2023 - July 29, 2023	$	0.453125	$	1,813	July 15, 2023	July 30, 2023
January 30, 2023 - April 29, 2023	$	0.453125	$	1,813	April 15, 2023	April 30, 2023
October 30, 2022 - January 29, 2023	$	0.453125	$	1,813	January 15, 2023	January 30, 2023
July 30, 2022 - October 29, 2022	$	0.453125	$	1,813	October 15, 2022	October 30, 2022
April 30, 2022 - July 29, 2022	$	0.453125	$	1,813	July 15, 2022	July 30, 2022
January 30, 2022 - April 29, 2022	$	0.453125	$	1,813	April 15, 2022	April 30, 2022
October 30, 2021 - January 29, 2022	$	0.453125	$	1,813	January 15, 2022	January 30, 2022
July 30, 2021 - October 29, 2021	$	0.453125	$	1,813	October 15, 2021	October 30, 2021
April 30, 2021 - July 29, 2021	$	0.453125	$	1,813	July 15, 2021	July 30, 2021


January 30, 2021 - April 29, 2021	$	0.453125	$	1,813	April 15, 2021	April 30, 2021

Series B Preferred Shares:
October 30, 2023 - January 29, 2024 (1)	$	0.4921875	$	1,969	January 15, 2024	January 30, 2024
July 30, 2023 - October 29, 2023	$	0.4921875	$	1,969	October 15, 2023	October 30, 2023
April 30, 2023 - July 29, 2023	$	0.4921875	$	1,969	July 15, 2023	July 30, 2023
January 30, 2023 - April 29, 2023	$	0.4921875	$	1,969	April 15, 2023	April 30, 2023
October 30, 2022 - January 29, 2023	$	0.4921875	$	1,969	January 15, 2023	January 30, 2023
July 30, 2022 - October 29, 2022	$	0.4921875	$	1,969	October 15, 2022	October 30, 2022
April 30, 2022 - July 29, 2022	$	0.4921875	$	1,969	July 15, 2022	July 30, 2022
January 30, 2022 - April 29, 2022	$	0.4921875	$	1,969	April 15, 2022	April 30, 2022
October 30, 2021 - January 29, 2022	$	0.4921875	$	1,969	January 15, 2022	January 30, 2022
July 30, 2021 - October 29, 2021	$	0.4921875	$	1,969	October 15, 2021	October 30, 2021
April 30, 2021 - July 29, 2021	$	0.4921875	$	1,969	July 15, 2021	July 30, 2021
January 30, 2021 - April 29, 2021	$	0.4921875	$	1,969	April 15, 2021	April 30, 2021

Series C Preferred Shares:
October 30, 2023 - January 29, 2024 (1)	$	0.4921875	$	2,264	January 15, 2024	January 30, 2024
July 30, 2023 - October 29, 2023	$	0.4921875	$	2,264	October 15, 2023	October 30, 2023
April 30, 2023 - July 29, 2023	$	0.4921875	$	2,264	July 15, 2023	July 30, 2023
January 30, 2023 - April 29, 2023	$	0.4921875	$	2,264	April 15, 2023	April 30, 2023
October 30, 2022 - January 29, 2023	$	0.4921875	$	2,264	January 15, 2023	January 30, 2023
July 30, 2022 - October 29, 2022	$	0.4921875	$	2,264	October 15, 2022	October 30, 2022
April 30, 2022 - July 29, 2022	$	0.4921875	$	2,264	July 15, 2022	July 30, 2022
January 30, 2022 - April 29, 2022	$	0.4921875	$	2,264	April 15, 2022	April 30, 2022
October 30, 2021 - January 29, 2022	$	0.4921875	$	2,264	January 15, 2022	January 30, 2022
July 30, 2021 - October 29, 2021	$	0.4921875	$	2,264	October 15, 2021	October 30, 2021
April 30, 2021 - July 29, 2021	$	0.4921875	$	2,264	July 15, 2021	July 30, 2021
January 30, 2021 - April 29, 2021	$	0.4921875	$	2,264	April 15, 2021	April 30, 2021

(1) This distribution was declared on January 4, 2024.

(2) On August 3, 2021, in order to offset a portion of the tax liability to the shareholders as a result of the election to cause the Trust to be treated as a corporation for U.S. federal income tax purposes, the Company's Board of Directors declared a special cash distribution on the Trust’s common shares. A distribution of $57.1 million was made on August 31, 2021 to Trust common shareholders. The Company declared a distribution of $0.25 per share for the quarter ended December 31, 2021, which was reduced from $0.36 per share in prior periods to reflect the effect of the Trust being taxed as a corporation.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
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-Publisher FASB
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
-Section 50
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+ Details

Discontinued Operations (Tables)	12 Months Ended
Discontinued Operations (Tables)	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations [Table Text Block]

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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