View Filing Data

Print Document View Excel Document

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2019	Apr. 30, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Registrant Name	Compass Diversified Holdings
Entity Central Index Key	0001345126
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		59,900,000
Entity Well-known Seasoned Issuer	false
Entity Shell Company	false

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 39,837		$ 50,749
Accounts receivable, net	263,494		265,234
Inventories	313,910		307,437
Prepaid expenses and other current assets	87,964		35,810
Disposal Group, Including Discontinued Operation, Assets, Current	0		21,955
Total current assets	705,205		681,185
Property, plant and equipment, net	203,549		208,661
Operating Lease, Right-of-Use Asset	103,442	$ 106,900	0
Goodwill	611,883		615,893
Intangible assets, net	733,347		745,121
Other non-current assets	12,200		12,008
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	0		109,467
Total assets	2,369,626		2,372,335
Current liabilities:
Accounts payable	91,341		103,304
Accrued expenses	115,824		123,120
Due to related party	10,609		11,093
Current portion, long-term debt	5,000		5,000
Operating Lease, Liability, Current	19,574		0
Other current liabilities	7,764		7,334
Disposal Group, Including Discontinued Operation, Liabilities, Current	0		9,429
Total current liabilities	250,112		259,280
Deferred income taxes	61,023		62,284
Long-term debt	955,395		1,098,871
Operating Lease, Liability, Noncurrent	90,701		0
Other non-current liabilities	11,614		17,790
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	0		14,768
Total liabilities	1,368,845		1,452,993
Preferred Stock Series A, value issued	96,417		96,417
Preferred Stock Series B, Value Issued	96,504		96,504
Stockholders’ equity
Trust common shares, no par value, 500,000 authorized; 59,900 shares issued and outstanding at March 31, 2019 and December 31, 2018	924,680		924,680
Accumulated other comprehensive loss	(3,517)		(8,776)
Accumulated deficit	(165,490)		(249,453)
Total stockholders’ equity attributable to Holdings	948,594		859,372
Noncontrolling interest	52,187		48,810
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations	0		11,160
Total stockholders’ equity	1,000,781		919,342
Total liabilities and stockholders’ equity	2,369,626		$ 2,372,335
Present value of lease liabilities	$ 110,275	$ 115,400

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for Doubtful Accounts Receivable	$ 13,198	$ 12,510
Accumulated amortization	$ 4,948	$ 10,250
Trust shares, par value (usd per share)
Trust shares, authorized (shares)	500,000,000	500,000,000
Trust shares, issued (shares)	59,900,000	59,900,000
Trust shares, outstanding (shares)	59,900,000	59,900,000
Preferred stock, authorized (shares)	50,000,000	50,000,000
Preferred Stock, No Par Value
Preferred Stock, Shares Issued	4,000,000	4,000,000
Preferred Stock, Shares Outstanding	4,000,000	4,000,000
preferred stock, shares issued- Series B	4,000,000	4,000,000
preferred stock, shares outstanding- Series B	4,000,000	4,000,000

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Proceeds from sale of business	$ 124,166	$ 0
Net revenues	402,489	344,352
Cost of revenues	266,300	225,186
Gross profit	136,189	119,166
Operating expenses:
Selling, general and administrative expense	93,199	91,300
Management fees	11,082	10,762
Amortization expense	17,040	11,537
Operating income	14,868	5,567
Other income (expense):
Interest expense, net	(18,582)	(6,182)
Debt and Equity Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment	(5,300)
Amortization of debt issuance costs	(927)	(1,098)
Loss on investment in FOX		0
Other income (expense), net	(571)	(1,374)
Loss from continuing operations before income taxes	(10,512)	(3,087)
Provision (benefit) for income taxes	403	(1,860)
Loss from continuing operations	(10,915)	(1,227)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(586)	(394)
Gain on sale of discontinued operations	121,659	0
Net income (loss)	110,158	(1,621)
Less: Net income from continuing operations attributable to noncontrolling interest	(1,300)	(359)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest	(450)	361
Net income (loss) attributable to Holdings	109,308	(2,341)
Amounts attributable to Holdings
Loss from continuing operations	(12,215)	(1,586)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(136)	(755)
Gain on sale of discontinued operations, net of income tax	$ 121,659	$ 0
Basic income (loss) per common share attributable to Holdings (refer to Note J)
Basic and fully diluted income (loss) per share attributable to Holdings, continuing operations (usd per share)	$ 0	$ 0
Basic and fully diluted income (loss) per share attributable to Holdings, discontinued operations (usd per share)	0	0
Basic and fully diluted income (loss) per share attributable to Holdings, total (usd per share)	$ 0	$ 0
Weighted average number of shares of trust stock outstanding – basic and fully diluted (in shares)	59,900	59,900
Cash distributions declared per share (refer to Note J) (usd per share)	$ 0.36	$ 0.36

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net income (loss)	$ 110,158	$ (1,621)
Cost of revenues	266,300	225,186
Other comprehensive income (loss)
Foreign currency translation adjustments	577	(1,023)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax	4,791	0
Pension benefit liability, net	(109)	441
Other comprehensive income (loss)	5,259	(582)
Total comprehensive income (loss), net of tax	115,417	(2,203)
Less: Net income attributable to noncontrolling interests	850	720
Less: Other comprehensive income attributable to noncontrolling interests	2	354
Total comprehensive income (loss) attributable to Holdings, net of tax	$ 114,565	$ (3,277)

Condensed Consolidated Statement of Stockholders' Equity - USD ($)	Total	Trust Common Shares	Accumulated Deficit	Accumulated Other Comprehensive Loss	Stockholders' Equity Attributable to Holdings	Non- Controlling Interest	Liberty	Liberty Non- Controlling Interest	Series A	Series A Trust Preferred Shares	Series A Accumulated Deficit	Series A Stockholders' Equity Attributable to Holdings	Series B Trust Preferred Shares
Noncontrolling interest	$ 41,066,000
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations						$ 11,725,000
Beginning balance at Dec. 31, 2017	925,999,000	$ 924,680,000	$ (145,316,000)	$ (2,573,000)	$ 873,208,000					$ 96,417,000			$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,621,000)		(2,341,000)		(2,341,000)	359,000
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest	361,000
Total comprehensive income, net	(582,000)			(582,000)	(582,000)
Option activity attributable to noncontrolling shareholders	2,551,000					2,551,000
Effect of subsidiary stock option exercise							$ (6,392,000)	$ (6,392,000)
Distributions paid	(21,564,000)		(21,564,000)		(21,564,000)				$ (1,813,000)		$ (1,813,000)	$ (1,813,000)
Ending balance at Mar. 31, 2018	993,291,000	924,680,000	(171,034,000)	(3,155,000)	943,621,000					96,417,000			96,713,000
Noncontrolling interest	37,584,000
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations						12,086,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Trust preferred shares, net of offering costs	96,713,000				96,713,000					0			96,713,000
Noncontrolling interest	48,810,000						3,342,000
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations	11,160,000					11,160,000
Beginning balance at Dec. 31, 2018	919,342,000	924,680,000	(249,453,000)	(8,776,000)	859,372,000					96,417,000			96,504,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	110,158,000		109,308,000		109,308,000	1,300,000
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest	(450,000)
Total comprehensive income, net	5,259,000			5,259,000	5,259,000
Option activity attributable to noncontrolling shareholders	2,205,000					2,116,000
Option activity attributable to noncontrolling interest, discontinued ops	89,000
Purchase of noncontrolling interest							(39,000)	$ (39,000)
Noncontrolling Interest, Decrease from Deconsolidation	(10,799,000)
Distributions paid	(21,564,000)		(21,564,000)		(21,564,000)				$ (3,781,000)		$ (3,781,000)	$ (3,781,000)
Ending balance at Mar. 31, 2019	1,000,781,000	$ 924,680,000	$ (165,490,000)	$ (3,517,000)	$ 948,594,000					$ 96,417,000			$ 96,504,000
Noncontrolling interest	52,187,000						$ 3,369,000
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations	$ 0					$ 0

Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2019

Dec. 31, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Cash flows from operating activities:

Net income (loss)

$ 110,158

$ (1,621)

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

(586)

(394)

Gain on sale of discontinued operations

121,659

Loss from continuing operations

(10,915)

(1,227)

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

Depreciation expense

10,581

9,104

Amortization expense

17,040

12,208

Amortization of debt issuance costs and original issue discount

1,079

1,353

Unrealized (gain) loss on interest rate swap

1,099

(2,901)

Noncontrolling stockholder stock based compensation

2,116

2,340

Provision for loss on receivables

696

328

Deferred taxes

(1,626)

(3,644)

Other

392

(228)

Changes in operating assets and liabilities, net of acquisitions:

Accounts receivable

958

(3,314)

Inventories

(6,624)

(5,465)

Other current and non-current assets

(2,735)

(4,644)

Accounts payable and accrued expenses

(20,969)

2,879

Net Cash Provided by (Used in) Operating Activities, Continuing Operations

(8,908)

6,789

Cash provided by (used in) operating activities - continuing operations

(8,936)

6,643

Cash Provided by (Used in) Operating Activities, Discontinued Operations

(28)

(146)

Cash flows from investing activities:

Acquisitions, net of cash acquired

(878)

(402,770)

Purchases of property and equipment

(7,528)

(12,128)

Payment of interest rate swap

(94)

(706)

Proceeds from sale of business

124,166

Other investing activities

1,777

Net Cash Provided by (Used in) Investing Activities, Continuing Operations

117,443

(415,536)

Cash provided by (used in) investing activities - continuing operations

168,944

(415,628)

Cash Provided by (Used in) Investing Activities, Discontinued Operations

51,501

(92)

Cash flows from financing activities:

Proceeds from the issuance of Trust preferred shares, net

96,713

Borrowings under credit facility

49,000

465,500

Repayments under credit facility

(193,250)

(118,421)

Distributions paid - common shares

(21,564)

$ (21,564)

(21,564)

$ (21,564)

Distributions Made To Preferred Shareholders, Cash Distributions Paid

(3,781)

(1,813)

Payments for Repurchase Subsidiary Stock

(6,392)

Repurchase of subsidiary stock

(39)

Debt issuance costs

(138)

Other

(2,814)

(467)

Net cash provided by (used in) financing activities

(172,448)

413,418

Foreign currency impact on cash

(1,049)

2,007

Net increase (decrease) in cash and cash equivalents

(13,489)

6,440

Cash and cash equivalents — beginning of period

53,326

^[1]

$ 46,325

39,885

^[1]

Cash and cash equivalents — end of period

$ 39,837

53,326

^[1]

$ 46,325

39,885

^[1]

Disposal Group, Including Discontinued Operation, Cash

$ 2,600

$ 1,300

[1]	(1) Includes cash from discontinued operations of $2.6 million at January 1, 2019 and $1.3 million at January 1, 2018.

Presentation and Principles of Consolidation	3 Months Ended
Presentation and Principles of Consolidation	Mar. 31, 2019
Accounting Policies [Abstract]
Presentation and Principles of Consolidation	Presentation and Principles of Consolidation Compass Diversified Holdings, a Delaware statutory trust (the "Trust" or "Holdings") and Compass Group Diversified Holdings, LLC, a Delaware limited liability company (the "Company" or "CODI"), were formed to acquire and manage a group of small and middle-market businesses headquartered in North America. In accordance with the second amended and restated Trust Agreement, dated as of December 6, 2016 (as amended and restated, the "Trust Agreement"), the Trust is sole owner of 100% of the Trust Interests (as defined in the Company’s fifth amended and restated operating agreement, dated as of December 6, 2016 (as amended and restated, the "LLC Agreement")) of the Company and, pursuant to the LLC Agreement, the Company has, outstanding, the identical number of Trust Interests as the number of outstanding shares of the Trust. The Company is the operating entity with a board of directors and other corporate governance responsibilities, similar to that of a Delaware corporation. The Company is a controlling owner of nine businesses, or reportable operating segments, at March 31, 2019. The segments are as follows: 5.11 Acquisition Corp. ("5.11" or "5.11 Tactical"), Velocity Outdoor, Inc. (formerly Crosman Corp.) ("Velocity Outdoor" or "Velocity"), The Ergo Baby Carrier, Inc. ("Ergobaby"), Liberty Safe and Security Products, Inc. ("Liberty Safe" or "Liberty"), Compass AC Holdings, Inc. ("ACI" or "Advanced Circuits"), AMT Acquisition Corporation ("Arnold"), Clean Earth Holdings, Inc. ("Clean Earth"), FFI Compass Inc. ("Foam Fabricators" or "Foam") and The Sterno Group, LLC ("Sterno"). Refer to Note E - "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 Company and oversees the management and operations of our businesses pursuant to a Management Services Agreement ("MSA"). Basis of Presentation The condensed consolidated financial statements for the three month periods ended March 31, 2019 and March 31, 2018 are unaudited, and in the opinion of management, contain all adjustments necessary for a fair presentation of the condensed consolidated financial statements. Such adjustments consist solely of normal recurring items. Interim results are not necessarily indicative of results for a full year or any subsequent interim period. The condensed consolidated financial statements and notes are prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP" or "GAAP") and presented as permitted by Form 10-Q and do not contain certain information included in the annual consolidated financial statements and accompanying notes of the Company. These interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. Consolidation The condensed consolidated financial statements include the accounts of Holdings and all majority owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation. Discontinued Operations During the first quarter of 2019, the Company completed the sale of Fresh Hemp Foods Ltd. ("Manitoba Harvest"). The results of operations of Manitoba Harvest are reported as discontinued operations in the condensed consolidated statements of operations for the three months ended March 31, 2019. Refer to Note C - "Discontinued Operations" for additional information. Unless otherwise indicated, the disclosures accompanying the condensed consolidated financial statements reflect the Company's continuing operations. 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 produce the highest net sales during our fiscal year. Recently Adopted Accounting Pronouncements Leases As of January 1, 2019, the Company adopted Accounting Standards Update ("ASU") No. 2016-02, Leases ("Topic 842"). The new standard requires an entity to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. The standard update offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. In July 2018, the Financial Accounting Standards Board ("FASB") issued two updates to Topic 842 to clarify how to apply certain aspects of the new lease standard, and to give entities another option for transition and to provide lessors with a practical expedient to reduce the cost and complexity of implementing the new standard. The transition option allows entities to not apply the new lease standard in the comparative periods presented in the financial statements in the year of adoption. The Company adopted the new standard using the optional transition method. The reported results for reporting periods after January 1, 2019 are presented under the new lease guidance while prior period amounts were prepared under the previous lease guidance. The new standard provides a number of optional practical expedients in transition. The Company elected to use the package of practical expedients that allows us to not reassess: (i) whether any expired or existing contracts are or contain leases, (ii) lease classification for any expired or existing leases and (iii) initial direct costs for any expired or existing leases. We additionally elected to use the practical expedient that allows lessees to treat the lease and non-lease components of leases as a single lease component and the practical expedient pertaining to land easements. In addition, the new standard provides for an accounting election that permits a lessee to elect not to apply the recognition requirements of Topic 842 to short-term leases by class of underlying asset. The Company adopted this accounting election for all classes of assets. The Company has performed an assessment of the impact of the adoption of Topic 842 on the Company's consolidated financial position and results of operations for the Company's leases, which consist of manufacturing facilities, warehouses, office facilities, retail stores, equipment and vehicle leases. The adoption of the new lease standard on January 1, 2019 resulted in the recognition of right-of-use assets of approximately$106.9 million and lease liabilities for operating leases of approximately $115.4 million on our Consolidated Balance Sheets, with no material impact to its Consolidated Statements of Operations or Consolidated Statement of Cash Flows. We implemented processes and a lease accounting system to ensure adequate internal controls were in place to assess our leasing arrangements and enable proper accounting and reporting of financial information upon adoption. No cumulative effect adjustment was recognized as the amount was not material. Refer to "Note O - Commitments and Contingencies" for additional information regarding the Company's adoption of Topic 842. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses, which will require companies to present assets held at amortized cost and available for sale debt securities net of the amount expected to be collected. The guidance requires the measurement of expected credit losses to be based on relevant information from past events, including historical experiences, current conditions and reasonable and supportable forecasts that affect collectibility. The guidance will be effective for fiscal years and interim periods beginning after December 15, 2019 and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on our consolidated financial statements.

Acquisition

3 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

Acquisitions

Acquisition of Foam Fabricators

On February 15, 2018, pursuant to an agreement entered into on January 18, 2018, the Company, through a wholly owned subsidiary, FFI Compass, Inc. (“Buyer”), entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Warren F. Florkiewicz (“Seller”) pursuant to which Buyer acquired all of the issued and outstanding capital stock of Foam Fabricators, Inc., a Delaware corporation (“Foam Fabricators”). Foam Fabricators is a leading designer and manufacturer of custom molded protective foam solutions and original equipment manufacturer ("OEM") components made from expanded polymers such as expanded polystyrene (EPS) and expanded polypropylene (EPP). Founded in 1957 and headquartered in Scottsdale, Arizona, it operates 13 molding and fabricating facilities across North America and provides products to a variety of end-markets, including appliances and electronics, pharmaceuticals, health and wellness, automotive, building and other products.

The Company made loans to, and purchased a 100% controlling interest in Foam Fabricators. The final purchase price, after the working capital settlement and net of transaction costs, was approximately $253.4 million. The Company funded the acquisition through a draw on the 2014 Revolving Credit Facility. The transaction was accounted for as a business combination. CGM acted as an advisor to the Company in the acquisition and provided integration services during the first year of the Company's ownership. CGM received integration service fees of $2.25 million payable over a twelve month period as services were rendered. The Company incurred $1.6 million of transaction costs in conjunction with the Foam Fabricators acquisition, which was included in selling, general and administrative expense in the consolidated results of operations in the quarter ended March 31, 2018. The results of operations of Foam Fabricators have been included in the consolidated results of operations since the date of acquisition. Foam Fabricator's results of operations are reported as a separate operating segment.

The allocation of the purchase price, which was finalized during the fourth quarter of 2018, was based upon management's estimate of the fair values using valuation techniques including income, cost and market approaches. In estimating the fair value of the acquired assets and assumed liabilities, the fair value estimates were 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 were estimated at their historical carrying values. Property, plant and equipment was valued through a purchase price appraisal and will be depreciated on a straight-line basis over the respective remaining useful lives. Goodwill was calculated as the excess of the consideration transferred over the fair value of the identifiable net assets 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 tradename was valued at $4.2 million using a relief from royalty methodology, in which an asset is valuable to the extent that the ownership of the asset relieves the company from the obligation of paying royalties for the benefits generated by the asset. The customer relationships intangible asset was valued at $114.1 million using an excess earnings methodology, in which an asset is valuable to the extent it enables its owners to earn a return in excess of the required returns on the other assets utilized in the business. The customer relationships intangible asset was derived using a risk adjusted discount rate.

Acquisition of Rimports

On February 26, 2018, the Company's Sterno subsidiary acquired all of the issued and outstanding capital stock of Rimports, Inc., a Utah corporation (“Rimports”), pursuant to a Stock Purchase Agreement, dated January 23, 2018, by and among Sterno and Jeffery W. Palmer, individually and in his capacity as Seller Representative, the Jeffery Wayne Palmer Dynasty Trust dated December 26, 2011, the Angela Marie Palmer Irrevocable Trust dated December 26, 2011, the Angela Marie Palmer Charitable Lead Trust, the Fidelity Investments Charitable Gift Fund, the TAK Irrevocable Trust dated June 7, 2012, and the SAK Irrevocable Trust dated June 7, 2012. Headquartered in Provo, Utah, Rimports is a manufacturer and distributor of branded and private label scented wickless candle products used for home décor and fragrance. Rimports offers an extensive line of wax warmers, scented wax cubes, essential oils and diffusers, and other home fragrance systems, through the mass retailer channel.

Sterno purchased a 100% controlling interest in Rimports. The purchase price, after the working capital settlement and net of transaction costs, was approximately $154.4 million. The purchase price of Rimports included a potential earn-out of up to $25 million contingent on the attainment of certain future performance criteria of Rimports for the twelve-month period from May 1, 2017 to April 30, 2018 and the fourteen month period from March 1, 2018 to April 30, 2019. The fair value of the contingent consideration was estimated at $4.8 million. Sterno funded the acquisition through their intercompany credit facility with the Company. The transaction was accounted for as a business combination. Sterno incurred $0.6 million of transaction costs in conjunction with the acquisition of Rimports, which was included in selling, general and administrative expense in the consolidated results of operations in the quarter ended March 31, 2018. The results of operations of Rimports have been included in the consolidated results of operations since the date of acquisition. Rimport's results of operations are included in the Sterno operating segment.

The allocation of the purchase price, which was finalized during the fourth quarter of 2018, was based upon management's estimate of the fair values using valuation techniques including income, cost and market approaches. In estimating the fair value of the acquired assets and assumed liabilities, the fair value estimates were 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 were estimated at their historical carrying values. Property, plant and equipment was valued through a purchase price appraisal and will be depreciated on a straight-line basis over the respective remaining useful lives. Goodwill was calculated as the excess of the consideration transferred over the fair value of the identifiable net assets 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 tradename was valued at $6.6 million using a relief from royalty methodology, in which an asset is valuable to the extent that the ownership of the asset relieves the company from the obligation of paying royalties for the benefits generated by the asset. The customer relationships intangible asset was valued at $79.1 million using an excess earnings methodology, in which an asset is valuable to the extent it enables its owners to earn a return in excess of the required returns on the other assets utilized in the business. The customer relationships intangible asset was derived using a risk adjusted discount rate.

Unaudited pro forma information

The following unaudited pro forma data for the three months ended March 31, 2018 gives effect to the acquisition of Foam Fabricators and Sterno's acquisition of Rimports, as described above, and the disposition of Manitoba Harvest, as if these transactions had been completed as of January 1, 2018. 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.



(in thousands)	Three months ended March 31, 2018
Net revenues	$	384,180
Gross profit	129,584
Operating income	8,697
Net loss	(2,847		)
Net loss attributable to Holdings	(3,206		)
Basic and fully diluted net loss per share attributable to Holdings	$	(0.11	)

Other acquisitions

Clean Earth

ESMI - On May 23, 2018, Clean Earth acquired all of the outstanding capital stock of Environmental Soil Management, Inc. (“ESMI”), located in Fort Edward, New York and Loudon, New Hampshire. The acquisition provided Clean Earth the opportunity to geographically expand their soil and hazardous waste solutions in the New York and New England market. The purchase price was approximately $31.0 million. In connection with the acquisition, Clean Earth recorded a purchase price allocation of approximately $12.5 million in goodwill, and $10.4 million in intangible assets. The Company finalized the purchase price in the fourth quarter of 2018.

DART - On September 5, 2018, Clean Earth acquired the assets of Disposal and Recycling Technologies, Inc. ("DART"), for a purchase price of approximately $18.7 million. DART has a RCRA Part B hazardous waste site in Charlotte, North Carolina and a water waste treatment facility in Detroit, Michigan. The acquisition of DART expands Clean Earth's geographical reach in the Midwest and Mid-Atlantic hazardous and non-hazardous waste markets and represents Clean Earth's first water waste treatment facility. In connection with the acquisition, Clean Earth recorded $5.0 million in intangible assets and $8.3 million in goodwill.

Velocity Outdoor

Ravin Crossbows - On September 4, 2018, Velocity Outdoor (formerly Crosman Corp.) acquired all of the outstanding membership interests in Ravin Crossbows, LLC ("Ravin" or "Ravin Crossbows") for a purchase price of approximately $98.0 million, net of transaction costs, plus a potential earn-out of up to $25.0 million based on gross profit levels for the trailing twelve month period ending December 31, 2018. Velocity funded the acquisition and payment of related transaction costs through the issuance of an additional $38.9 million in intercompany loans and the issuance of additional equity to the Company of $60.6 million. Velocity recorded a purchase price allocation for Ravin comprised of $67.5 million in intangible assets ($14.1 million in finite lived trade name, $42.6 million in technologies valued using an excess earnings methodology, and $10.8 million in customer relationships), $2.5 million in inventory step-up, and $13.3 million in goodwill which is expected to be deductible for income tax purposes. The remainder of the purchase consideration was allocated to net assets acquired. The potential earn-out was valued at $4.7 million as part of the purchase price allocation. Velocity incurred transaction costs of $1.4 million related to the Ravin acquisition, which were recorded as selling, general and administrative costs in the accompanying statement of operations as of December 31, 2018. The purchase price allocation was finalized during the first quarter of 2019.

Revenue

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue

The following tables provide disaggregation of revenue by reportable segment geography for the three months ended March 31, 2019 and 2018 (in thousands):



	Three months ended March 31, 2019
	5.11		Ergo		Liberty		Velocity		ACI		Arnold		Clean Earth		Foam		Sterno		Total
United States	$	70,477	$	7,335	$	21,736	$	26,164	$	23,069	$	17,916	$	63,632	$	26,137	$	85,134	$	341,600
Canada	1,664		819		468		1,477		—		179		—		—		5,032		9,639
Europe	7,282		6,531		—		2,201		—		9,770		—		—		683		26,467
Asia Pacific	3,414		7,306		—		229		—		1,260		—		—		290		12,499
Other international	5,252		461		—		1,066		—		903		—		4,545		57		12,284
	$	88,089	$	22,452	$	22,204	$	31,137	$	23,069	$	30,028	$	63,632	$	30,682	$	91,196	$	402,489



	Three months ended March 31, 2018
	5.11		Ergo		Liberty		Velocity		ACI		Arnold		Clean Earth		Foam		Sterno		Total
United States	$	64,452	$	8,203	$	22,757	$	20,085	$	22,063	$	17,282	$	58,221	13,486		$	60,259	$	286,808
Canada	2,017		765		697		1,353		—		368		—		—		3,941		9,141
Europe	8,558		7,158		—		1,508		—		10,146		—		—		840		28,210
Asia Pacific	4,241		5,692		—		330		—		911		—		—		163		11,337
Other international	4,689		344		—		1,131		—		692		—		1,971		29		8,856
	$	83,957	$	22,162	$	23,454	$	24,407	$	22,063	$	29,399	$	58,221	$	15,457	$	65,232	$	344,352

Operating Segment Data

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Operating Segment Data

At March 31, 2019, 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. 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 and services from which each segment derives its revenues is as follows:

•

5.11 Tactical is a leading provider of purpose-built tactical 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 Irvine, 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.

•

Ergobaby is a designer, marketer and distributor of wearable baby carriers and accessories, blankets and swaddlers, nursing pillows, 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. Ergobaby is headquartered in Los Angeles, California.


•	Liberty Safe is a designer, manufacturer and marketer of premium home, gun and office safes in North America. From its over 300,000 square foot manufacturing facility, Liberty produces a wide range of home and gun safe models in a broad assortment of sizes, features and styles. Liberty is headquartered in Payson, Utah.

•

Velocity Outdoor is a leading designer, manufacturer, and marketer of airguns, archery products, laser aiming devices and related accessories. Velocity Outdoor offers its products under the highly recognizable Crosman, Benjamin, Ravin, LaserMax and CenterPoint brands that are available through national retail chains, mass merchants, dealer and distributor networks. Velocity Outdoor is headquartered in Bloomfield, New York.


•	Advanced Circuits is an electronic components manufacturing company that provides small-run, quick-turn and volume production rigid printed circuit boards. ACI manufactures and delivers custom printed circuit boards to customers primarily in North America. ACI is headquartered in Aurora, Colorado.

•

Arnold is a global manufacturer of engineered magnetic solutions for a wide range of specialty applications and end-markets, including aerospace and defense, motorsport/automotive, oil and gas, medical, general industrial, electric utility, reprographics and advertising specialty markets. Arnold produces high performance permanent magnets (PMAG), 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 clients worldwide. Arnold is headquartered in Rochester, New York.

•

Clean Earth is a provider of environmental services for a variety of contaminated materials. Clean Earth provides a one-stop shop solution that analyzes, treats, documents and recycles waste streams generated in multiple end-markets such as utilities, infrastructure, chemicals, aerospace and defense, non-public/ private development, medical, industrial and dredging. Clean Earth is headquartered in Hatboro, Pennsylvania.

•

Foam Fabricators is a designer and manufacturer of custom molded protective foam solutions and original equipment manufacturer components made from expanded polystyrene and expanded polypropylene. Foam Fabricators provides products to a variety of end markets, including appliances and electronics, pharmaceuticals, health and wellness, automotive, building and other products. Foam Fabricators is headquartered in Scottsdale, Arizona and operates 13 molding and fabricating facilities across North America.

•

Sterno is a manufacturer and marketer of portable food warming fuel and creative table lighting solutions for the food service industry and flameless candles, outdoor lighting products, scented wax cubes and warmer products for consumers. Sterno's products include wick and gel chafing fuels, butane stoves and accessories, liquid and traditional wax candles, scented wax cubes and warmer products used for home decor and fragrance systems, catering equipment and outdoor lighting products. Sterno is headquartered in Corona, California.

The tabular information that follows shows data for each of the operating segments reconciled to amounts reflected in the consolidated financial statements. The results of operations of each of the operating segments are included in consolidated operating results as of their date of acquisition. There were no significant inter-segment transactions.

Summary of Operating Segments



Net Revenues	Three months ended March 31,
(in thousands)	2019		2018

5.11 Tactical	$	88,089	$	83,957
Ergobaby	22,452		22,162
Liberty	22,204		23,454
Velocity Outdoor	31,137		24,407
ACI	23,069		22,063
Arnold	30,028		29,399
Clean Earth	63,632		58,221
Foam Fabricators	30,682		15,457
Sterno	91,196		65,232
Total segment revenue	402,489		344,352
Corporate and other	—		—
Total consolidated revenues	$	402,489	$	344,352



Segment profit (loss) ⁽¹⁾	Three months ended March 31,
(in thousands)	2019			2018

5.11 Tactical	$	2,338		$	(617	)
Ergobaby	3,136			2,340
Liberty	1,415			2,815
Velocity Outdoor	341			273
ACI	6,481			5,932
Arnold	1,477			1,725
Clean Earth	1,256			759
Foam Fabricators	3,506			725
Sterno	7,982			4,751
Total	27,932			18,703
Reconciliation of segment profit (loss) to consolidated income (loss) before income taxes:
Interest expense, net	(18,582		)	(6,182		)
Other income (expense), net	(5,871		)	(1,374		)
Corporate and other ⁽²⁾	(13,991		)	(14,234		)
Total consolidated income (loss) before income taxes	$	(10,512	)	$	(3,087	)


⁽¹⁾	Segment profit (loss) represents operating income (loss).


⁽²⁾	Primarily relates to management fees expensed and payable to CGM, and corporate overhead expenses.



Depreciation and Amortization Expense	Three months ended March 31,
(in thousands)	2019		2018

5.11 Tactical	$	5,157	$	5,372
Ergobaby	2,111		2,042
Liberty	407		343
Velocity Outdoor	3,251		1,991
ACI	669		804
Arnold	1,622		1,516
Clean Earth	6,035		5,460
Foam Fabricators	2,997		885
Sterno	5,372		2,899
Total	27,621		21,312
Reconciliation of segment to consolidated total:
Amortization of debt issuance costs and original issue discount	1,079		1,353
Consolidated total	$	28,700	$	22,665



	Accounts Receivable						Identifiable Assets
	March 31,			December 31,			March 31,		December 31,
(in thousands)	2019			2018			2019 ⁽¹⁾		2018 ⁽¹⁾
5.11 Tactical	$	53,161		$	52,069		$	349,336	$	319,583
Ergobaby	13,914			11,361			101,686		100,679
Liberty	11,937			10,416			36,871		27,881
Velocity Outdoor	20,025			21,881			208,809		209,398
ACI	8,394			9,193			18,493		13,407
Arnold	18,393			16,298			78,319		66,744
Clean Earth	58,558			60,317			222,773		204,316
Foam Fabricators	24,024			23,848			166,255		155,504
Sterno	68,286			72,361			259,332		253,637
Allowance for doubtful accounts	(13,198		)	(12,510		)	—		—
Total	263,494			265,234			1,441,874		1,351,149
Reconciliation of segment to consolidated total:
Corporate and other identifiable assets	—			—			52,375		8,357
Assets of discontinued operations	—			—			—		131,702
Total	$	263,494		$	265,234		$	1,494,249	$	1,491,208


⁽¹⁾	Does not include accounts receivable balances per schedule above or goodwill balances - refer to Note G - "Goodwill and Other Intangible Assets".

Property, Plant and Equipment and Inventory

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment and Inventory

Property, plant and equipment

Property, plant and equipment is comprised of the following at March 31, 2019 and December 31, 2018 (in thousands):



	March 31, 2019			December 31, 2018
Machinery and equipment	$	238,754		$	234,083
Furniture, fixtures and other	35,650			34,149
Leasehold improvements	34,873			35,458
Buildings and land	41,945			39,973
Construction in process	8,828			11,189
	360,050			354,852
Less: accumulated depreciation	(156,501		)	(146,191		)
Total	$	203,549		$	208,661

Depreciation expense was $10.6 million and $9.1 million and for the three months ended March 31, 2019 and March 31, 2018, respectively.

Inventory

Inventory is comprised of the following at March 31, 2019 and December 31, 2018 (in thousands):



	March 31, 2019			December 31, 2018
Raw materials	$	60,694		$	60,788
Work-in-process	14,297			12,915
Finished goods	260,028			253,982
Less: obsolescence reserve	(21,109		)	(20,248		)
Total	$	313,910		$	307,437

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

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. The Arnold business previously comprised three reporting units when it was acquired in March 2012, but as a result of changes implemented by Arnold management during 2016 and 2017, the Company reassessed the reporting units at Arnold as of the annual impairment testing date in 2018. After evaluating changes in the operation of the reporting units that led to increased integration and altered how the financial results of the Arnold operating segment were assessed by Arnold management, the Company determined that the previously identified reporting units no longer operate in the same manner as they did when the Company acquired Arnold. As a result, the separate Arnold reporting units were determined to only comprise one reporting unit at the Arnold operating segment level as of March 31, 2018. As part of the exercise of combining the separate Arnold reporting units into one reporting unit, the Company performed "before" and "after" goodwill impairment testing, whereby we performed the annual impairment testing for each of the existing reporting units of Arnold and then subsequent to the completion of the annual impairment testing of the separate reporting units, we performed a quantitative impairment test of the Arnold operating segment, which will represent the reporting unit for future impairment tests.

Goodwill

2019 Annual Impairment Testing

The Company uses a qualitative approach to test goodwill 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. All of the Company's reporting units except Liberty were tested qualitatively at March 31, 2019. We determined that the Liberty 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. We expect to conclude the goodwill impairment testing during the quarter ended June 30, 2019. For the reporting units that were tested qualitatively for the 2019 annual impairment testing, the results of the qualitative analysis indicated that it is more likely than not that the fair value exceeded their carrying value.

2018 Annual Impairment Testing

For the reporting units that were tested qualitatively for the 2018 annual impairment testing, the results of the qualitative analysis indicated that the fair value exceeded their carrying value. At March 31, 2018, we determined that the Flexmag reporting unit of Arnold 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 quantitative impairment test of Flexmag, we estimated the fair value of the reporting unit using an income approach, 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 and reporting unit specific economic conditions. The discount rate used is based on the weighted average cost of capital adjusted for the relevant risk associated with the business and the uncertainty associated with the reporting unit's ability to execute on the projected cash flows. The discount rate used in the income approach for Flexmag was 12.4%.

For the reporting unit change at Arnold, a quantitative impairment test was performed of the Arnold business at March 31, 2018 using an income approach. The discount rate used in the income approach was 12.6%. The results of the quantitative impairment testing indicated that the fair value of the Arnold reporting unit exceeded the carrying value.

A summary of the net carrying value of goodwill at March 31, 2019 and December 31, 2018, is as follows (in thousands):



	Three months ended March 31, 2019			Year ended December 31, 2018
Goodwill - gross carrying amount	$	643,036		$	647,046
Accumulated impairment losses	(31,153		)	(31,153		)
Goodwill - net carrying amount	$	611,883		$	615,893

The following is a reconciliation of the change in the carrying value of goodwill for the three months ended March 31, 2019 by operating segment (in thousands):



	Balance at January 1, 2019		Acquisitions ⁽¹⁾			Goodwill Impairment		Other		Balance at March 31, 2019
5.11	$	92,966	$	—		$	—	$	—	$	92,966
Ergobaby	61,031		—			—		—		61,031
Liberty	32,828		—			—		—		32,828
Velocity Outdoor	62,675		284			—		—		62,959
ACI	58,019		—			—		—		58,019
Arnold ⁽²⁾	26,903		—			—		—		26,903
Clean Earth	144,778		(4,294		)	—		—		140,484
Foam Fabricators	72,708		—			—		—		72,708
Sterno	55,336		—			—		—		55,336
Corporate ⁽³⁾	8,649		—			—		—		8,649
Total	$	615,893	$	(4,010	)	$	—	$	—	$	611,883


⁽¹⁾	Clean Earth's acquisition of DART and Velocity's acquisition of Ravin were finalized during the first quarter of 2019.


⁽²⁾	Arnold had three reporting units which were combined into one reporting unit effective March 31, 2018.


⁽³⁾	Represents goodwill resulting from purchase accounting adjustments not "pushed down" to the ACI segment. This amount is allocated back to the ACI segment for purposes of goodwill impairment testing.

Long lived assets

Annual indefinite lived impairment testing

The Company used a qualitative approach to test 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 an indefinite lived intangible asset is impaired as a basis for determining whether it is necessary to perform quantitative impairment testing. The Company evaluated the qualitative factors of each indefinite lived intangible asset in connection with the annual impairment testing for 2019 and 2018. Results of the qualitative analysis indicate that it is more likely than not that the fair value of the reporting units that maintain indefinite lived intangible assets exceeded the carrying value.

Other intangible assets are comprised of the following at March 31, 2019 and December 31, 2018 (in thousands):



	March 31, 2019							December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	500,358	$	(139,413	)	$	360,945	$	500,358	$	(130,157	)	$	370,201
Technology and patents	79,707		(24,772		)	54,935		79,646		(23,409		)	56,237
Trade names, subject to amortization	208,161		(40,808		)	167,353		208,074		(36,912		)	171,162
Licensing and non-compete agreements	8,205		(7,104		)	1,101		8,205		(6,972		)	1,233
Permits and airspace	132,409		(43,769		)	88,640		127,146		(41,291		)	85,855
Distributor relations and other	726		(726		)	—		726		(726		)	—
Total	929,566		(256,592		)	672,974		924,155		(239,467		)	684,688
Trade names, not subject to amortization	60,373		—			60,373		60,433		—			60,433
Total intangibles, net	$	989,939	$	(256,592	)	$	733,347	$	984,588	$	(239,467	)	$	745,121

Amortization expense related to intangible assets was $17.0 million and $11.5 million for the three months ended March 31, 2019 and 2018, respectively. Estimated charges to amortization expense of intangible assets for the remainder of 2019 and the next four years, is as follows (in thousands):



2019		2020		2021		2022		2023

$	54,121	$	67,560	$	66,990	$	65,451	$	65,062

Warranties

3 Months Ended

Mar. 31, 2019

Guarantees [Abstract]

Warranties

The Company’s Velocity Outdoor, Ergobaby and Liberty operating segments estimate their exposure to warranty claims based on both current and historical product sales data and warranty costs incurred. The Company assesses the adequacy of its recorded warranty liability quarterly and adjusts the amount as necessary. A reconciliation of the change in the carrying value of the Company’s warranty liability for the three months ended March 31, 2019 and the year ended December 31, 2018 is as follows (in thousands):



	Three months ended March 31, 2019			Year ended December 31, 2018
Warranty liability:
Beginning balance	$	1,624		$	2,197
Provision for warranties issued during the period	676			3,531
Fulfillment of warranty obligations	(836		)	(4,258		)
Other ⁽¹⁾	—			154
Ending balance	$	1,464		$	1,624

⁽¹⁾Represents the warranty liability recorded in relation to acquisitions. Warranty liabilities of acquisitions are recorded at fair value as of the date of acquisition.

Debt

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Debt

2018 Credit Facility

On April 18, 2018, the Company entered into an Amended and Restated Credit Agreement (the "2018 Credit Facility") to amend and restate the 2014 Credit Facility, originally dated as of June 6, 2014 (as previously amended) among the Company, the lenders from time to time party thereto (the “Lenders”), and Bank of America, N.A., as Administrative Agent. The 2018 Credit Facility is secured by all of the assets of the Company, including all of its equity interests in, and loans to, its consolidated subsidiaries.

The 2018 Credit Facility provides for (i) revolving loans, swing line loans and letters of credit (the “2018 Revolving Credit Facility”) up to a maximum aggregate amount of $600 million, and (ii) a $500 million term loan (the “2018 Term Loan”). The 2018 Term Loan was issued at an original issuance discount of 99.75%. The 2018 Term Loan requires quarterly payments of $1.25 million commencing June 30, 2018, with a final payment of all remaining principal and interest due on April 18, 2025, the maturity date of the 2018 Term Loan. All amounts outstanding under the 2018 Revolving Credit Facility will become due on April 18, 2023, which is the maturity date of loans advanced under the 2018 Revolving Credit Facility. The 2018 Credit Facility also permits the Company, prior to the applicable maturity date, to increase the 2018 Revolving Loan Commitment and/or obtain additional term loans in an aggregate amount of up to $250 million (the “Incremental Loans”), subject to certain restrictions and conditions.

The Company may borrow, prepay and reborrow principal under the 2018 Revolving Credit Facility from time to time during its term. Advances under the 2018 Revolving Credit Facility can be either Eurodollar rate loans or base rate loans. Eurodollar rate revolving loans bear interest on the outstanding principal amount thereof for each interest period at a rate per annum based on the London Interbank Offered Rate (the “Eurodollar Rate”) for such interest period 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) Eurodollar Rate 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.

Under the 2018 Revolving Credit Facility, an aggregate amount of up to $100 million in letters of credit may be issued, as well as swing line loans of up to $25 million outstanding at one time. The issuance of such letters of credit and the making of any swing line loan would reduce the amount available under the 2018 Revolving Credit Facility.

2014 Credit Facility

The 2014 Credit Facility, as amended, provided for (i) a revolving credit facility of $550 million, (ii) a $325 million term loan (the "2014 Term Loan"), and (iii) a $250 million incremental term loan. The 2018 Credit Facility amended and restated the 2014 Credit Facility.

Senior Notes

On April 18, 2018, the Company consummated the issuance and sale of $400 million aggregate principal amount of its 8.000% Senior Notes due 2026 (the “Notes” or "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 Company used the net proceeds from the sale of the Notes to repay debt under its existing credit facilities in connection with a concurrent refinancing transaction described above. The Notes were issued pursuant to an indenture, dated as of April 18, 2018 (the “Indenture”), between the Company and U.S. Bank National Association, as trustee.

The Notes will bear interest at the rate of 8.000% per annum and will mature on May 1, 2026. Interest on the Notes is payable in cash on May 1st and November 1st of each year, beginning on November 1, 2018. The Notes are general senior unsecured obligations of the Company and are not guaranteed by the subsidiaries through which the Company currently conducts substantially all of its operations. The 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 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 above.

The Indenture contains several restrictive covenants including, but not limited to, limitations on the following: (i) the incurrence of additional indebtedness, (ii) restricted payments, (iii) dividends and other payments affecting restricted subsidiaries, (iv) the issuance of preferred stock of restricted subsidiaries, (v) transactions with affiliates, (vi) asset sales and mergers and consolidations, (vii) future subsidiary guarantees and (viii) liens, subject in each case to certain exceptions.

The following table provides the Company’s debt holdings at March 31, 2019 and December 31, 2018 (in thousands):



	March 31, 2019			December 31, 2018
Senior Notes	400,000			400,000
Revolving Credit Facility	$	85,000		$	228,000
Term Loan	495,000			496,250
Less: unamortized discounts and debt issuance costs	(19,605		)	(20,379		)
Total debt	$	960,395		$	1,103,871
Less: Current portion, term loan facilities	(5,000		)	(5,000		)
Long term debt	$	955,395		$	1,098,871

Net availability under the 2018 Revolving Credit Facility was approximately $514.8 million at March 31, 2019. Letters of credit outstanding at March 31, 2019 totaled approximately $0.3 million. At March 31, 2019, the Company was in compliance with all covenants as defined in the 2018 Credit Facility.

At March 31, 2019, the carrying value of the principal under the Company’s outstanding Term Loan, including the current portion, was $495.0 million, which approximates fair value because it has a variable interest rate that reflects market changes in interest rates and changes in the Company's net leverage ratio. The estimated fair value of the outstanding 2018 Term Loan is based on quoted market prices for similar debt issues and is, therefore, classified as Level 2 in the fair value hierarchy. The Company's Senior Notes consisted of the following carrying value and estimated fair value (in thousands):

Fair Value Hierarchy Level

March 31, 2019

Maturity Date

Rate

Carrying Value

Fair Value

Senior Notes

May 1, 2026

8.000

400,000

419,000

Debt Issuance Costs

Deferred debt issuance costs represent the costs associated with the issuance of the Company's financing arrangements. The Company paid $7.0 million in debt issuance costs related to the Senior Notes issuance, comprised of bank fees, rating agency fees and professional fees. The 2018 Credit Facility was categorized as a debt modification, and the Company incurred $8.4 million of debt issuance costs, $7.8 million of which were capitalized and will be amortized over the life of the related debt instrument, and $0.6 million that were expensed as costs incurred. The Company recorded additional debt modification expense of $0.6 million to write off previously capitalized debt issuance costs. Since the Company can borrow, repay and reborrow principal under the 2018 Revolving Credit Facility, the debt issuance costs associated with the 2014 and 2018 Revolving Credit Facility of $4.9 million and $5.3 million at March 31, 2019 and December 31, 2018, respectively, have been classified as other non-current assets in the accompanying consolidated balance sheet. The original issue discount and the debt issuance costs associated with the 2018 Term Loan and Senior Notes are classified as a reduction of long-term debt in the accompanying consolidated balance sheet.

Interest Rate Swap

In September 2014, the Company purchased an interest rate swap (the "Swap") with a notional amount of $220 million. The Swap is effective April 1, 2016 through June 6, 2021, the original termination date of the 2014 Term Loan. The agreement requires the Company to pay interest on the notional amount at the rate of 2.97% in exchange for the three-month LIBOR rate. At March 31, 2019 and December 31, 2018, the Swap had a fair value loss of $3.1 million and $2.1 million, respectively, principally reflecting the present value of future payments and receipts under the agreement.

The following table reflects the classification of the Company's Swap on the consolidated balance sheets at March 31, 2019 and December 31, 2018 (in thousands):



	March 31, 2019		December 31, 2018
Other current liabilities	$	1,041	$	582
Other noncurrent liabilities	2,036		1,490
Total fair value	$	3,077	$	2,072

Stockholders' Equity

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Trust Common Shares

The Trust is authorized to issue 500,000,000 Trust shares and the Company 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 Company are entitled to vote.

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 preferred interests.

Series B Preferred Shares

On March 13, 2018, the Trust issued 4,000,000 7.875% Series B Trust 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 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 July 30, 2018, at a rate per annum of 7.875%. Distributions on the Series B Preferred Shares are cumulative. 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 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.

Series A Preferred Shares

On June 28, 2017, the Trust issued 4,000,000 7.250% Series A Trust 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 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 any declared and unpaid 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. 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 preferred shares.

Profit Allocation Interests

The Allocation Interests represent the original equity interest in the Company. The holders of the Allocation Interests ("Holders") are entitled to receive distributions pursuant to a profit allocation formula upon the occurrence of certain events. The distributions of the profit allocation are 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 distributions declared on Allocation Interests to stockholders’ equity when they are approved by the Company’s board of directors.

Sale Event

The sale of Manitoba Harvest in February 2019 qualified as a Sale Event under the Company's LLC Agreement. During the second quarter of 2019, the Company declared a distribution to the Allocation Member of $7.7 million which will be paid in the second quarter of 2019. The profit allocation distribution was calculated based on the portion of the gain on sale related to the Closing Date Consideration, less the loss on sale of shares that were received as part of the Closing Consideration. An additional profit allocation distribution related to the Sale Event of Manitoba Harvest will be declared subsequent to receipt of the Deferred Consideration in August 2019.

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

The following table reconciles net loss attributable to Holdings to net loss attributable to the common shares of Holdings (in thousands):



	Three months ended March 31,
	2019			2018
Net loss from continuing operations attributable to Holdings	$	(12,215	)	$	(1,586	)

Less: Distributions paid - Preferred Shares	3,781			1,813
Less: Accrued distributions - Preferred Shares	1,334			—
Net loss from continuing operations attributable to common shares of Holdings	$	(17,330	)	$	(3,399	)

Earnings per share

The Company calculates basic and diluted earnings per share using the two-class method which requires the Company to allocate to participating securities that have rights to earnings that otherwise would have been available only to Trust shareholders as a separate class of securities in calculating earnings per share. The Allocation Interests are considered participating securities that contain participating rights to receive profit allocations upon the occurrence of a Holding Event or Sale Event. The calculation of basic and diluted earnings per share for the three months ended March 31, 2019 and 2018 reflects the incremental increase during the period in the profit allocation distribution to Holders related to Holding Events.

Basic and diluted earnings per share for the three months ended March 31, 2019 and 2018 attributable to the common shares of Holdings is calculated as follows (in thousands, except per share data):



	Three months ended March 31,
	2019			2018
Loss from continuing operations attributable to common shares of Holdings	$	(17,330	)	$	(3,399	)
Less: Effect of contribution based profit - Holding Event	981			1,400
Loss from continuing operations attributable to common shares of Holdings	$	(18,311	)	$	(4,799	)

Income (loss) from discontinued operations attributable to common shares of Holdings	$	121,523		$	(755	)

Basic and diluted weighted average common shares outstanding	59,900			59,900

Basic and fully diluted income (loss) per common share attributable to Holdings
Continuing operations	$	(0.31	)	$	(0.08	)
Discontinued operations	2.03			(0.01		)
	$	1.72		$	(0.09	)

Distributions

The following table summarizes information related to our quarterly cash distributions on our Trust common and preferred shares (in thousands, except per share data):



Period	Cash Distribution per Share		Total Cash Distributions		Record Date	Payment Date

Trust Common Shares:
January 1, 2019 - March 31, 2019 ⁽¹⁾	$	0.36	$	21,564	April 18, 2019	April 25, 2019
October 1, 2018 - December 31, 2018	$	0.36	$	21,564	January 17, 2019	January 24, 2019
July 1, 2018 - September 30, 2018	$	0.36	$	21,564	October 18, 2018	October 25, 2018
April 1, 2018 - June 30, 2018	$	0.36	$	21,564	July 19, 2018	July 26, 2018
January 1, 2018 - March 31, 2018	$	0.36	$	21,564	April 19, 2018	April 26, 2018
October 1, 2017 - December 31, 2017	$	0.36	$	21,564	January 19, 2018	January 25, 2018

Series A Preferred Shares:
January 30, 2019 - April 29, 2019 ⁽¹⁾	$	0.453125	$	1,813	April 15, 2019	April 30, 2019
October 30, 2018 - January 29, 2019	$	0.453125	$	1,813	January 15, 2019	January 30, 2019
July 30, 2018 - October 29, 2018	$	0.453125	$	1,813	October 15, 2018	October 30, 2018
April 30, 2018 - July 29, 2018	$	0.453125	$	1,813	July 16, 2018	July 30, 2018
January 30, 2018 - April 29, 2018	$	0.453125	$	1,813	April 15, 2018	April 30, 2018
October 30, 2017 - January 29, 2018	$	0.453125	$	1,813	January 15, 2018	January 30, 2018

Series B Preferred Shares:
January 30, 2019 - April 29, 2019 ⁽¹⁾	$	0.4921875	$	1,969	April 15, 2019	April 30, 2019
October 30, 2018 - January 29, 2019	$	0.4921875	$	1,969	January 15, 2019	January 30, 2019
July 30, 2018 - October 29, 2018	$	0.4921875	$	1,969	October 15, 2018	October 30, 2018
March 13, 2018 - July 29, 2018	$	0.74	$	2,960	July 16, 2018	July 30, 2018

⁽¹⁾ This distribution was declared on April 4, 2019.

Noncontrolling Interest

3 Months Ended

Mar. 31, 2019

Noncontrolling Interest [Abstract]

Noncontrolling Interest

Noncontrolling interest represents the portion of the Company’s majority owned subsidiary’s net income (loss) and equity that is owned by noncontrolling shareholders. The following tables reflect the Company’s ownership percentage of its majority owned operating segments and related noncontrolling interest balances as of March 31, 2019 and December 31, 2018:



	% Ownership ⁽¹⁾ March 31, 2019		% Ownership ⁽¹⁾ December 31, 2018
	Primary	Fully Diluted	Primary	Fully Diluted
5.11 Tactical	97.5	89.1	97.5	88.7
Ergobaby	81.9	75.4	81.9	76.4
Liberty	88.6	85.2	88.6	85.2
Velocity Outdoor	99.2	92.0	99.2	91.0
ACI	69.4	69.1	69.4	69.2
Arnold	96.7	80.2	96.7	79.4
Clean Earth	97.5	79.8	97.5	79.8
Foam Fabricators	100.0	91.5	100.0	91.5
Sterno	100.0	88.5	100.0	88.9


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



	Noncontrolling Interest Balances
(in thousands)	March 31, 2019			December 31, 2018
5.11 Tactical	$	10,386		$	9,873
Ergobaby	25,861			25,362
Liberty	3,369			3,342
Velocity Outdoor	2,740			2,524
ACI	(98		)	(1,236		)
Arnold	1,166			1,176
Clean Earth	9,208			8,888
Foam Fabricators	1,102			848
Sterno	(1,647		)	(2,067		)
Allocation Interests	100			100
	$	52,187		$	48,810

Fair Value Measurement

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurement

The following table provides the assets and liabilities carried at fair value measured on a recurring basis at March 31, 2019 and December 31, 2018 (in thousands):



	Fair Value Measurements at March 31, 2019
	Carrying Value			Level 1		Level 2			Level 3
Liabilities:
Put option of noncontrolling shareholders ⁽¹⁾	$	(173	)	$	—	$	—		$	(173	)
Contingent consideration - acquisition ⁽²⁾	(4,374		)	—		—			(4,374		)
Interest rate swap	(3,077		)	—		(3,077		)	—
Total recorded at fair value	$	(7,624	)	$	—	$	(3,077	)	$	(4,547	)


⁽¹⁾	Represents put option issued to noncontrolling shareholders in connection with the 5.11 Tactical and Liberty acquisitions.


⁽²⁾	Represents potential earn-out payable as additional purchase price consideration by Velocity Outdoor in connection with the acquisition of Ravin.



	Fair Value Measurements at December 31, 2018
	Carrying Value			Level 1		Level 2			Level 3
Liabilities:
Put option of noncontrolling shareholders ⁽¹⁾	$	(173	)	—		—			$	(173	)
Contingent consideration - acquisition ⁽²⁾	(4,374		)	—		—			(4,374		)
Interest rate swap	(2,072		)	—		(2,072		)	—
Total recorded at fair value	$	(6,619	)	$	—	$	(2,072	)	$	(4,547	)


⁽¹⁾	Represents put option issued to noncontrolling shareholders in connection with the 5.11 Tactical and Liberty acquisitions.


⁽²⁾	Represents potential earn-out payable as additional purchase price consideration by Velocity Outdoor in connection with the acquisition of Ravin.

Reconciliations of the change in the carrying value of the Level 3 fair value measurements from January 1, 2018 through March 31, 2019 are as follows (in thousands):



	Level 3
Balance at January 1, 2018	$	(178	)
Contingent consideration - Rimports ⁽¹⁾	(4,800		)
Contingent consideration - Ravin ⁽²⁾	(4,734		)
Decrease in the fair value of put option of noncontrolling shareholder - 5.11	5
Adjustment to Ravin contingent consideration	360
Reversal of contingent consideration - Rimports	4,800
Balance at January 1, 2019	$	(4,547	)

Balance at March 31, 2019	$	(4,547	)

⁽¹⁾The contingent consideration relates to Sterno's acquisition of Rimports in February 2018. The purchase price of Rimports includes a potential earn-out of up to $25 million contingent on the attainment of certain future performance criteria of Rimports for the twelve-month period from May 1, 2017 to April 30, 2018 and the fourteen month period from March 1, 2018 to April 30, 2019. The fair value of the contingent consideration related to the earn-out was estimated at $4.8 million at acquisition date and was calculated as the present value of a probability adjusted earnout payment based on the expected term of the payment and a risk-adjusted discount rate. At December 31, 2018, the Company determined that the probability of achieving the earn-out was zero and therefore reversed the amount that was recorded as part of the purchase consideration.

(2) The contingent consideration relates to Velocity's acquisition of Ravin in September 2018. The purchase price of Ravin includes a potential earn-out of up to $25.0 million contingent on the achievement certain financial metrics for the trailing twelve month period ending December 31, 2018. The fair value of the contingent consideration was estimated at $4.7 million at acquisition date and was calculated using a risk-adjusted option pricing model. The earnout was adjusted to $4.3 million at December 31, 2018 based on actual results to date. The earn-out is expected to be paid in the second quarter of 2019.

Valuation Techniques

2018 Term Loan

We classify our fixed and floating rate debt as Level 2 items based on quoted market prices for similar debt issues. In April 2018, the Company issued $400.0 million aggregate principal amount of its Senior Notes due 2026. The fair value of the Senior Notes was determined based on quoted market prices obtained through an external pricing source which derives its price valuations from daily marketplace transactions, with adjustments to reflect the spreads of benchmark bonds, credit risk and certain other variables. We have determined this to be a Level 2 measurement as all significant inputs into the quote provided by our pricing source are observable in active markets. At March 31, 2019, the carrying value of the principal under the Company’s outstanding 2018 Term Loan, including the current portion, was $495.0 million, which approximates fair value because it has a variable interest rate that reflects market changes in interest rates and changes in the Company's net leverage ratio.

The Company has not changed its valuation techniques in measuring the fair value of any of its other financial assets and liabilities during the period. For details of the Company’s fair value measurement policies under the fair value hierarchy, refer to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018.

Nonrecurring Fair Value Measurements

There were no assets carried at fair value on a non-recurring basis at March 31, 2019 and December 31, 2018, respectively.

- 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

Income Taxes

3 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

Income taxes

Each fiscal quarter, the Company estimates its annual effective tax rate and applies that rate to its interim pre-tax earnings. In this regard, the Company reflects the full year’s estimated tax impact of certain unusual or infrequently occurring items and the effects of changes in tax laws or rates in the interim period in which they occur.

The computation of the annual estimated effective tax rate in each interim period requires certain estimates and significant judgment, including the projected operating income for the year, projections of the proportion of income earned and taxed in other jurisdictions, permanent and temporary differences and the likelihood of recovering deferred tax assets generated in the current year. The accounting estimates used to compute the provision for income taxes may change as new events occur, as additional information is obtained or as the tax environment changes. Certain foreign operations are subject to foreign income taxation under existing provisions of the laws of those jurisdictions.

The reconciliation between the Federal Statutory Rate and the effective income tax rate for the three months ended March 31, 2019 and 2018 is as follows:



	Three months ended March 31,
	2019		2018
United States Federal Statutory Rate	(21.0	)%	(21.0	)%
State income taxes (net of Federal benefits)	0.7		(11.3	)
Foreign income taxes	(3.6	)	(3.2	)
Expenses of Compass Group Diversified Holdings LLC representing a pass through to shareholders ⁽¹⁾	24.0		(1.0	)
Impact of subsidiary employee stock options	0.6		(24.2	)
Credit utilization	(0.9	)	(7.0	)
Non-recognition of NOL carryforwards at subsidiaries	1.1		8.6
Effect of Tax Act	3.5		(2.9	)
Other	(0.5	)	1.7
Effective income tax rate	3.9	%	(60.3	)%


⁽¹⁾	The effective income tax rate for the three months ended March 31, 2019 and 2018 includes a loss at the Company's parent, which is taxed as a partnership.

Defined Benefit Plan

3 Months Ended

Mar. 31, 2019

Retirement Benefits [Abstract]

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 unfunded liability of $3.9 million is recognized in the consolidated balance sheet as a component of other non-current liabilities at March 31, 2019. Net periodic benefit cost consists of the following for the three months ended March 31, 2019 and 2018 (in thousands):



	Three months ended March 31,
	2019			2018
Service cost	$	127		$	137
Interest cost	33			25
Expected return on plan assets	(40		)	(40		)
Amortization of unrecognized loss	34			50
Net periodic benefit cost	$	154		$	172

During the three months ended March 31, 2019, per the terms of the pension agreement, Arnold contributed $0.1 million to the plan. For the remainder of 2019, the expected contribution to the plan will be approximately $0.7 million.

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 March 31, 2019 were considered Level 3.

Commitments and Contingencies

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

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.

Leases

The Company and its subsidiaries lease manufacturing facilities, warehouses, office facilities, retail stores, equipment and vehicles 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 has not been material on a historic basis and no amount was incurred during the quarter ending March 31, 2019.

The cost components of our operating leases were as follows (in thousands):



	Three Months Ended March 31, 2019
Operating lease cost ⁽¹⁾	$	7,637
Total	$	7,637


⁽¹⁾	Includes short-term leases, which are immaterial.

The maturities of lease liabilities at March 31, 2019 were as follows (in thousands):



2019 (excluding three months ended March 31, 2019)	$	20,530
2020	26,163
2021	22,793
2022	19,133
2023	13,087
Thereafter	44,432
Total undiscounted lease payments	$	146,138
Less: Interest	35,863
Present value of lease liabilities	$	110,275

The calculated amount of the ROU 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. If at lease inception, the Company considers the exercising of a renewal option to be reasonable certain. Regarding the discount rate, Topic 842 requires the use of a rate implicit in the lease whenever this rate is readily determinable. As this 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. For operating leases existing prior to January 1, 2019, the rate for the remaining lease term as of January 1, 2019 was used.

The weighted average remaining lease terms and discount rates for all of our operating leases were as follows as of March 31, 2019:



Lease Term and Discount Rate
Weighted-average remaining lease term (years)
Operating leases	6.56

Weighted-average discount rate
Operating leases	7.74	%

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



	Three months ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	7,637

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	417

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Integration Services Agreements Foam Fabricators, which was acquired in 2018, and Velocity Outdoor, which was acquired in 2017, entered into Integration Services Agreements ("ISA") with CGM. The ISA provides for CGM to provide 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. Each ISA is for the twelve month period subsequent to the acquisition. Velocity Outdoor paid CGM a total of $1.5 million in integration services fees, with $0.75 million paid in 2018. Foam Fabricators paid CGM $2.25 million over the term of the ISA, $2.0 million in 2018 and $0.3 million in 2019. Integration services fees are included in selling, general and administrative expense on the subsidiaries' statement of operations in the period in which they are incurred. The Company and its businesses have the following significant related party transactions: Sterno Recapitalization In January 2018, the Company completed a recapitalization at Sterno whereby the Company entered into an amendment to the intercompany loan agreement with Sterno (the "Sterno Loan Agreement"). The Sterno Loan Agreement was amended to (i) provide for term loan borrowings of $56.8 million to fund a distribution to the Company, which owned 100% of the outstanding equity of Sterno at the time of the recapitalization, and (ii) extend the maturity dates of the term loans. In connection with the recapitalization, Sterno's management team exercised all of their vested stock options, which represented 58,000 shares of Sterno. The Company then used a portion of the distribution to repurchase the 58,000 shares from management for a total purchase price of $6.0 million. In addition, Sterno issued new stock options to replace the exercised options, thus maintaining the same percentage of fully diluted non-controlling interest that existed prior to the recapitalization. 5.11 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 three months ended March 31, 2019, 5.11 purchased approximately $1.3 million in inventory from the vendor.

Discontinued Operations

3 Months Ended

Mar. 31, 2018

Manitoba Harvest

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Note C — Discontinued Operations

Sale of Manitoba Harvest

On February 19, 2019, the Company, as majority shareholder of Manitoba Harvest and as Shareholder Representative, entered into a definitive agreement (the “Arrangement Agreement”) with Tilray, Inc. ("Tilray"), the other shareholders of Manitoba Harvest and a wholly-owned subsidiary of Tilray, 1197879 B.C. Ltd. (“Tilray Subco”), to sell to Tilray, Inc., through Tilray Subco, all of the issued and outstanding securities of Manitoba Harvest.

On February 28, 2019, Tilray Subco completed the acquisition of all the issued and outstanding securities of Manitoba Harvest pursuant to the Arrangement Agreement. Subject to certain customary adjustments, the shareholders of Manitoba Harvest, including the Company, received or will receive the following from Tilray as consideration for their shares of Manitoba Harvest: (i) C$150 million in cash to the holders of preferred shares of Manitoba Harvest and the holders of common shares of Manitoba Harvest (“Common Holders”) and C$127.5 million in shares of class 2 Common Stock of Tilray (“Tilray Common Stock”) to the Common Holders on the closing date of the sale (the “Closing Date Consideration”), and (ii) C$50 million in cash and C$42.5 million in Tilray Common Stock to the Common Holders on the date that is six months after the closing date of the arrangement (the “Deferred Consideration”). The sale consideration also includes a potential earnout of up to C$49 million in Tilray Common Stock to the Common Holders, if Manitoba Harvest achieves certain levels of U.S. branded gross sales of edible or topical products containing broad spectrum hemp extracts or cannabidiols prior to December 31, 2019.

The cash portion of the Closing Date Consideration was reduced by the amount of the net indebtedness (including accrued interest) of Manitoba Harvest on the closing date of C$71.3 million ($53.7 million) and transaction expenses of approximately C$5.0 million. The Company's share of the net proceeds after accounting for the redemption of the noncontrolling shareholders and the payment of net indebtedness of Manitoba Harvest and transaction expenses was approximately $124.2 million in cash proceeds and in Tilray Common Stock. We recorded a receivable of $48.0 million as of March 31, 2019 related to the Deferred Consideration portion of the proceeds. The Company recognized a gain on the sale of Manitoba Harvest of $121.7 million in the three months ended March 31, 2019. No amount has been recorded related to the potential earnout as of March 31, 2019 based on an assessment of probability at the end of the quarter.

The Tilray Common Stock consideration was issued in reliance on the exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act") and pursuant to exemptions from applicable securities laws of any state of the United States, such that any shares of Tilray Common Stock received by the Common Holders were freely tradeable. The Company sold the Tilray Common Stock during March 2019, recognizing a net loss of $5.3 million in Other income/ (expense) during the quarter ended March 31, 2019.

Summarized results of operations of Manitoba Harvest for the three months ended March 31, 2019 and 2018 through the date of disposition are as follows (in thousands):



	For the period January 1, 2019 through disposition			Three months ended March 31, 2018
Net revenues	$	10,024		$	16,341
Gross profit	4,874			6,945
Operating loss	(1,118		)	(869		)
Loss before income taxes	(1,127		)	(880		)
Provision (benefit) for income taxes	(541		)	(486		)
Loss from discontinued operations ⁽¹⁾	$	(586	)	$	(394	)

⁽¹⁾ The results of operations for the periods from January 1, 2019 through date of disposition and the three months ended March 31, 2018 exclude $1.0 million and $1.2 million, respectively, of intercompany interest expense.

The following table presents summary balance sheet information of the Manitoba Harvest business that is presented as discontinued operations as of December 31, 2018 (in thousands):



	December 31, 2018
Assets:
Cash and cash equivalents	$	2,577
Accounts receivable, net	7,169
Inventories	11,436
Prepaid expenses and other current assets	773
Current assets of discontinued operations	$	21,955
Property, plant and equipment, net	18,157
Goodwill	37,777
Intangible assets, net	53,533
Non-current assets of discontinued operations	$	109,467
Liabilities:
Accounts payable	4,259
Accrued expenses	4,313
Due to related party	350
Other current liabilities	507
Current liabilities of discontinued operations	$	9,429
Deferred income taxes	12,675
Other non-current liabilities	2,093
Non-current liabilities of discontinued operations	$	14,768
Noncontrolling interest of discontinued operations	$	11,160

Presentation and Principles of Consolidation (Policies)	3 Months Ended
Presentation and Principles of Consolidation (Policies)	Mar. 31, 2019
Accounting Policies [Abstract]
Consolidation	Consolidation The condensed consolidated financial statements include the accounts of Holdings and all majority owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation.
Seasonality	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 produce the highest net sales during our fiscal year.
Recently Issued and Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Leases As of January 1, 2019, the Company adopted Accounting Standards Update ("ASU") No. 2016-02, Leases ("Topic 842"). The new standard requires an entity to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. The standard update offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. In July 2018, the Financial Accounting Standards Board ("FASB") issued two updates to Topic 842 to clarify how to apply certain aspects of the new lease standard, and to give entities another option for transition and to provide lessors with a practical expedient to reduce the cost and complexity of implementing the new standard. The transition option allows entities to not apply the new lease standard in the comparative periods presented in the financial statements in the year of adoption. The Company adopted the new standard using the optional transition method. The reported results for reporting periods after January 1, 2019 are presented under the new lease guidance while prior period amounts were prepared under the previous lease guidance. The new standard provides a number of optional practical expedients in transition. The Company elected to use the package of practical expedients that allows us to not reassess: (i) whether any expired or existing contracts are or contain leases, (ii) lease classification for any expired or existing leases and (iii) initial direct costs for any expired or existing leases. We additionally elected to use the practical expedient that allows lessees to treat the lease and non-lease components of leases as a single lease component and the practical expedient pertaining to land easements. In addition, the new standard provides for an accounting election that permits a lessee to elect not to apply the recognition requirements of Topic 842 to short-term leases by class of underlying asset. The Company adopted this accounting election for all classes of assets. The Company has performed an assessment of the impact of the adoption of Topic 842 on the Company's consolidated financial position and results of operations for the Company's leases, which consist of manufacturing facilities, warehouses, office facilities, retail stores, equipment and vehicle leases. The adoption of the new lease standard on January 1, 2019 resulted in the recognition of right-of-use assets of approximately$106.9 million and lease liabilities for operating leases of approximately $115.4 million on our Consolidated Balance Sheets, with no material impact to its Consolidated Statements of Operations or Consolidated Statement of Cash Flows. We implemented processes and a lease accounting system to ensure adequate internal controls were in place to assess our leasing arrangements and enable proper accounting and reporting of financial information upon adoption. No cumulative effect adjustment was recognized as the amount was not material. Refer to "Note O - Commitments and Contingencies" for additional information regarding the Company's adoption of Topic 842. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses, which will require companies to present assets held at amortized cost and available for sale debt securities net of the amount expected to be collected. The guidance requires the measurement of expected credit losses to be based on relevant information from past events, including historical experiences, current conditions and reasonable and supportable forecasts that affect collectibility. The guidance will be effective for fiscal years and interim periods beginning after December 15, 2019 and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on our consolidated financial statements.
Revenue	Effective January 1, 2018, the Company adopted the provisions of Revenue from Contracts with Customers, or ASC 606. The adoption of the new revenue guidance represents a change in accounting principle that will more closely align revenue recognition with the transfer of control of the Company's goods and services and will provide financial statement readers with enhanced disclosures. In accordance with the new revenue guidance, revenue is recognized 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. Disaggregated Revenue - Revenue Streams and 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. 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.

Discontinued Operations Discontinued operations (Policies)	3 Months Ended
	Mar. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations, Policy [Policy Text Block]	Discontinued Operations During the first quarter of 2019, the Company completed the sale of Fresh Hemp Foods Ltd. ("Manitoba Harvest"). The results of operations of Manitoba Harvest are reported as discontinued operations in the condensed consolidated statements of operations for the three months ended March 31, 2019. Refer to Note C - "Discontinued Operations" for additional information. Unless otherwise indicated, the disclosures accompanying the condensed consolidated financial statements reflect the Company's continuing operations.

Acquisition (Tables)

3 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

Schedule of Intangible Assets Recorded as Part of Acquisition

Acquisition of Foam Fabricators

Acquisition of Rimports

The allocation of the purchase price, which was finalized during the fourth quarter of 2018, was based upon management's estimate of the fair values using valuation techniques including income, cost and market approaches. In estimating the fair value of the acquired assets and assumed liabilities, the fair value estimates were 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 were estimated at their historical carrying values. Property, plant and equipment was valued through a purchase price appraisal and will be depreciated on a straight-line basis over the respective remaining useful lives. Goodwill was calculated as the excess of the consideration transferred over the fair value of the identifiable net assets 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 tradename was valued at $6.6 million using a relief from royalty methodology, in which an asset is valuable to the extent that the ownership of the asset relieves the company from the obligation of paying royalties for the benefits generated by the asset. The customer relationships intangible asset was valued at $79.1 million using an excess earnings methodology, in which an asset is valuable to the extent it enables its owners to earn a return in excess of the required returns on the other assets utilized in the business. The customer relationships intangible asset was derived using a risk adjusted discount rate.

Pro Forma Information



(in thousands)	Three months ended March 31, 2018
Net revenues	$	384,180
Gross profit	129,584
Operating income	8,697
Net loss	(2,847		)
Net loss attributable to Holdings	(3,206		)
Basic and fully diluted net loss per share attributable to Holdings	$	(0.11	)

Revenue (Tables)

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables provide disaggregation of revenue by reportable segment geography for the three months ended March 31, 2019 and 2018 (in thousands):



	Three months ended March 31, 2019
	5.11		Ergo		Liberty		Velocity		ACI		Arnold		Clean Earth		Foam		Sterno		Total
United States	$	70,477	$	7,335	$	21,736	$	26,164	$	23,069	$	17,916	$	63,632	$	26,137	$	85,134	$	341,600
Canada	1,664		819		468		1,477		—		179		—		—		5,032		9,639
Europe	7,282		6,531		—		2,201		—		9,770		—		—		683		26,467
Asia Pacific	3,414		7,306		—		229		—		1,260		—		—		290		12,499
Other international	5,252		461		—		1,066		—		903		—		4,545		57		12,284
	$	88,089	$	22,452	$	22,204	$	31,137	$	23,069	$	30,028	$	63,632	$	30,682	$	91,196	$	402,489



	Three months ended March 31, 2018
	5.11		Ergo		Liberty		Velocity		ACI		Arnold		Clean Earth		Foam		Sterno		Total
United States	$	64,452	$	8,203	$	22,757	$	20,085	$	22,063	$	17,282	$	58,221	13,486		$	60,259	$	286,808
Canada	2,017		765		697		1,353		—		368		—		—		3,941		9,141
Europe	8,558		7,158		—		1,508		—		10,146		—		—		840		28,210
Asia Pacific	4,241		5,692		—		330		—		911		—		—		163		11,337
Other international	4,689		344		—		1,131		—		692		—		1,971		29		8,856
	$	83,957	$	22,162	$	23,454	$	24,407	$	22,063	$	29,399	$	58,221	$	15,457	$	65,232	$	344,352

Operating Segment Data (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Summary of Net Sales of Operating Segments



Net Revenues	Three months ended March 31,
(in thousands)	2019		2018

5.11 Tactical	$	88,089	$	83,957
Ergobaby	22,452		22,162
Liberty	22,204		23,454
Velocity Outdoor	31,137		24,407
ACI	23,069		22,063
Arnold	30,028		29,399
Clean Earth	63,632		58,221
Foam Fabricators	30,682		15,457
Sterno	91,196		65,232
Total segment revenue	402,489		344,352
Corporate and other	—		—
Total consolidated revenues	$	402,489	$	344,352

Summary of Profit (Loss) of Operating Segments



Segment profit (loss) ⁽¹⁾	Three months ended March 31,
(in thousands)	2019			2018

5.11 Tactical	$	2,338		$	(617	)
Ergobaby	3,136			2,340
Liberty	1,415			2,815
Velocity Outdoor	341			273
ACI	6,481			5,932
Arnold	1,477			1,725
Clean Earth	1,256			759
Foam Fabricators	3,506			725
Sterno	7,982			4,751
Total	27,932			18,703
Reconciliation of segment profit (loss) to consolidated income (loss) before income taxes:
Interest expense, net	(18,582		)	(6,182		)
Other income (expense), net	(5,871		)	(1,374		)
Corporate and other ⁽²⁾	(13,991		)	(14,234		)
Total consolidated income (loss) before income taxes	$	(10,512	)	$	(3,087	)


⁽¹⁾	Segment profit (loss) represents operating income (loss).


⁽²⁾	Primarily relates to management fees expensed and payable to CGM, and corporate overhead expenses

Summary of Goodwill and Identifiable Assets of Operating Segments



Depreciation and Amortization Expense	Three months ended March 31,
(in thousands)	2019		2018

5.11 Tactical	$	5,157	$	5,372
Ergobaby	2,111		2,042
Liberty	407		343
Velocity Outdoor	3,251		1,991
ACI	669		804
Arnold	1,622		1,516
Clean Earth	6,035		5,460
Foam Fabricators	2,997		885
Sterno	5,372		2,899
Total	27,621		21,312
Reconciliation of segment to consolidated total:
Amortization of debt issuance costs and original issue discount	1,079		1,353
Consolidated total	$	28,700	$	22,665



	Accounts Receivable						Identifiable Assets
	March 31,			December 31,			March 31,		December 31,
(in thousands)	2019			2018			2019 ⁽¹⁾		2018 ⁽¹⁾
5.11 Tactical	$	53,161		$	52,069		$	349,336	$	319,583
Ergobaby	13,914			11,361			101,686		100,679
Liberty	11,937			10,416			36,871		27,881
Velocity Outdoor	20,025			21,881			208,809		209,398
ACI	8,394			9,193			18,493		13,407
Arnold	18,393			16,298			78,319		66,744
Clean Earth	58,558			60,317			222,773		204,316
Foam Fabricators	24,024			23,848			166,255		155,504
Sterno	68,286			72,361			259,332		253,637
Allowance for doubtful accounts	(13,198		)	(12,510		)	—		—
Total	263,494			265,234			1,441,874		1,351,149
Reconciliation of segment to consolidated total:
Corporate and other identifiable assets	—			—			52,375		8,357
Assets of discontinued operations	—			—			—		131,702
Total	$	263,494		$	265,234		$	1,494,249	$	1,491,208


⁽¹⁾	Does not include accounts receivable balances per schedule above or goodwill balances - refer to Note G - "Goodwill and Other Intangible Assets".

Property, Plant and Equipment and Inventory (Tables)

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Abstract]

Summary of Property, Plant and Equipment



	March 31, 2019			December 31, 2018
Machinery and equipment	$	238,754		$	234,083
Furniture, fixtures and other	35,650			34,149
Leasehold improvements	34,873			35,458
Buildings and land	41,945			39,973
Construction in process	8,828			11,189
	360,050			354,852
Less: accumulated depreciation	(156,501		)	(146,191		)
Total	$	203,549		$	208,661

Summary of Inventory

Inventory is comprised of the following at March 31, 2019 and December 31, 2018 (in thousands):



	March 31, 2019			December 31, 2018
Raw materials	$	60,694		$	60,788
Work-in-process	14,297			12,915
Finished goods	260,028			253,982
Less: obsolescence reserve	(21,109		)	(20,248		)
Total	$	313,910		$	307,437

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Reconciliation of Change in Carrying Value of Goodwill

A summary of the net carrying value of goodwill at March 31, 2019 and December 31, 2018, is as follows (in thousands):



	Three months ended March 31, 2019			Year ended December 31, 2018
Goodwill - gross carrying amount	$	643,036		$	647,046
Accumulated impairment losses	(31,153		)	(31,153		)
Goodwill - net carrying amount	$	611,883		$	615,893

The following is a reconciliation of the change in the carrying value of goodwill for the three months ended March 31, 2019 by operating segment (in thousands):



	Balance at January 1, 2019		Acquisitions ⁽¹⁾			Goodwill Impairment		Other		Balance at March 31, 2019
5.11	$	92,966	$	—		$	—	$	—	$	92,966
Ergobaby	61,031		—			—		—		61,031
Liberty	32,828		—			—		—		32,828
Velocity Outdoor	62,675		284			—		—		62,959
ACI	58,019		—			—		—		58,019
Arnold ⁽²⁾	26,903		—			—		—		26,903
Clean Earth	144,778		(4,294		)	—		—		140,484
Foam Fabricators	72,708		—			—		—		72,708
Sterno	55,336		—			—		—		55,336
Corporate ⁽³⁾	8,649		—			—		—		8,649
Total	$	615,893	$	(4,010	)	$	—	$	—	$	611,883


⁽¹⁾	Clean Earth's acquisition of DART and Velocity's acquisition of Ravin were finalized during the first quarter of 2019.


⁽²⁾	Arnold had three reporting units which were combined into one reporting unit effective March 31, 2018.


⁽³⁾	Represents goodwill resulting from purchase accounting adjustments not "pushed down" to the ACI segment. This amount is allocated back to the ACI segment for purposes of goodwill impairment testing.

Summary of Other Intangible Assets

Other intangible assets are comprised of the following at March 31, 2019 and December 31, 2018 (in thousands):



	March 31, 2019							December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	500,358	$	(139,413	)	$	360,945	$	500,358	$	(130,157	)	$	370,201
Technology and patents	79,707		(24,772		)	54,935		79,646		(23,409		)	56,237
Trade names, subject to amortization	208,161		(40,808		)	167,353		208,074		(36,912		)	171,162
Licensing and non-compete agreements	8,205		(7,104		)	1,101		8,205		(6,972		)	1,233
Permits and airspace	132,409		(43,769		)	88,640		127,146		(41,291		)	85,855
Distributor relations and other	726		(726		)	—		726		(726		)	—
Total	929,566		(256,592		)	672,974		924,155		(239,467		)	684,688
Trade names, not subject to amortization	60,373		—			60,373		60,433		—			60,433
Total intangibles, net	$	989,939	$	(256,592	)	$	733,347	$	984,588	$	(239,467	)	$	745,121

Summary of Estimated Charges to Amortization Expense of Intangible Assets

Estimated charges to amortization expense of intangible assets for the remainder of 2019 and the next four years, is as follows (in thousands):



2019		2020		2021		2022		2023

$	54,121	$	67,560	$	66,990	$	65,451	$	65,062

Warranties (Tables)

3 Months Ended

Mar. 31, 2019

Guarantees [Abstract]

Change in Carrying Value of Company's Warranty Liability

A reconciliation of the change in the carrying value of the Company’s warranty liability for the three months ended March 31, 2019 and the year ended December 31, 2018 is as follows (in thousands):



	Three months ended March 31, 2019			Year ended December 31, 2018
Warranty liability:
Beginning balance	$	1,624		$	2,197
Provision for warranties issued during the period	676			3,531
Fulfillment of warranty obligations	(836		)	(4,258		)
Other ⁽¹⁾	—			154
Ending balance	$	1,464		$	1,624

Debt (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Summary of Debt Holdings

he following table provides the Company’s debt holdings at March 31, 2019 and December 31, 2018 (in thousands):



	March 31, 2019			December 31, 2018
Senior Notes	400,000			400,000
Revolving Credit Facility	$	85,000		$	228,000
Term Loan	495,000			496,250
Less: unamortized discounts and debt issuance costs	(19,605		)	(20,379		)
Total debt	$	960,395		$	1,103,871
Less: Current portion, term loan facilities	(5,000		)	(5,000		)
Long term debt	$	955,395		$	1,098,871

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Summary of Basic and Diluted Earnings Per Share

Basic and diluted earnings per share for the three months ended March 31, 2019 and 2018 attributable to the common shares of Holdings is calculated as follows (in thousands, except per share data):



	Three months ended March 31,
	2019			2018
Loss from continuing operations attributable to common shares of Holdings	$	(17,330	)	$	(3,399	)
Less: Effect of contribution based profit - Holding Event	981			1,400
Loss from continuing operations attributable to common shares of Holdings	$	(18,311	)	$	(4,799	)

Income (loss) from discontinued operations attributable to common shares of Holdings	$	121,523		$	(755	)

Basic and diluted weighted average common shares outstanding	59,900			59,900

Basic and fully diluted income (loss) per common share attributable to Holdings
Continuing operations	$	(0.31	)	$	(0.08	)
Discontinued operations	2.03			(0.01		)
	$	1.72		$	(0.09	)

Dist

Noncontrolling Interest (Tables)

3 Months Ended

Mar. 31, 2019

Noncontrolling Interest [Abstract]

Company's Ownership Percentage of its Majority Owned Operating Segments and Related Noncontrolling Interest

The following tables reflect the Company’s ownership percentage of its majority owned operating segments and related noncontrolling interest balances as of March 31, 2019 and December 31, 2018:



	% Ownership ⁽¹⁾ March 31, 2019		% Ownership ⁽¹⁾ December 31, 2018
	Primary	Fully Diluted	Primary	Fully Diluted
5.11 Tactical	97.5	89.1	97.5	88.7
Ergobaby	81.9	75.4	81.9	76.4
Liberty	88.6	85.2	88.6	85.2
Velocity Outdoor	99.2	92.0	99.2	91.0
ACI	69.4	69.1	69.4	69.2
Arnold	96.7	80.2	96.7	79.4
Clean Earth	97.5	79.8	97.5	79.8
Foam Fabricators	100.0	91.5	100.0	91.5
Sterno	100.0	88.5	100.0	88.9


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



	Noncontrolling Interest Balances
(in thousands)	March 31, 2019			December 31, 2018
5.11 Tactical	$	10,386		$	9,873
Ergobaby	25,861			25,362
Liberty	3,369			3,342
Velocity Outdoor	2,740			2,524
ACI	(98		)	(1,236		)
Arnold	1,166			1,176
Clean Earth	9,208			8,888
Foam Fabricators	1,102			848
Sterno	(1,647		)	(2,067		)
Allocation Interests	100			100
	$	52,187		$	48,810

Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2019

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 at March 31, 2019 and December 31, 2018 (in thousands):



	Fair Value Measurements at March 31, 2019
	Carrying Value			Level 1		Level 2			Level 3
Liabilities:
Put option of noncontrolling shareholders ⁽¹⁾	$	(173	)	$	—	$	—		$	(173	)
Contingent consideration - acquisition ⁽²⁾	(4,374		)	—		—			(4,374		)
Interest rate swap	(3,077		)	—		(3,077		)	—
Total recorded at fair value	$	(7,624	)	$	—	$	(3,077	)	$	(4,547	)


⁽¹⁾	Represents put option issued to noncontrolling shareholders in connection with the 5.11 Tactical and Liberty acquisitions.


⁽²⁾	Represents potential earn-out payable as additional purchase price consideration by Velocity Outdoor in connection with the acquisition of Ravin.



	Fair Value Measurements at December 31, 2018
	Carrying Value			Level 1		Level 2			Level 3
Liabilities:
Put option of noncontrolling shareholders ⁽¹⁾	$	(173	)	—		—			$	(173	)
Contingent consideration - acquisition ⁽²⁾	(4,374		)	—		—			(4,374		)
Interest rate swap	(2,072		)	—		(2,072		)	—
Total recorded at fair value	$	(6,619	)	$	—	$	(2,072	)	$	(4,547	)

Reconciliations of Change in Carrying Value of Level 3 Fair Value Measurements

Reconciliations of the change in the carrying value of the Level 3 fair value measurements from January 1, 2018 through March 31, 2019 are as follows (in thousands):



	Level 3
Balance at January 1, 2018	$	(178	)
Contingent consideration - Rimports ⁽¹⁾	(4,800		)
Contingent consideration - Ravin ⁽²⁾	(4,734		)
Decrease in the fair value of put option of noncontrolling shareholder - 5.11	5
Adjustment to Ravin contingent consideration	360
Reversal of contingent consideration - Rimports	4,800
Balance at January 1, 2019	$	(4,547	)

Balance at March 31, 2019	$	(4,547	)

Fair Value Measurements, Nonrecurring

There were no assets carried at fair value on a non-recurring basis at March 31, 2019 and December 31, 2018, respectively.

Income Taxes (Tables)

3 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Abstract]

Reconciliation Between Federal Statutory Rate and Effective Income Tax Rate

The reconciliation between the Federal Statutory Rate and the effective income tax rate for the three months ended March 31, 2019 and 2018 is as follows:



	Three months ended March 31,
	2019		2018
United States Federal Statutory Rate	(21.0	)%	(21.0	)%
State income taxes (net of Federal benefits)	0.7		(11.3	)
Foreign income taxes	(3.6	)	(3.2	)
Expenses of Compass Group Diversified Holdings LLC representing a pass through to shareholders ⁽¹⁾	24.0		(1.0	)
Impact of subsidiary employee stock options	0.6		(24.2	)
Credit utilization	(0.9	)	(7.0	)
Non-recognition of NOL carryforwards at subsidiaries	1.1		8.6
Effect of Tax Act	3.5		(2.9	)
Other	(0.5	)	1.7
Effective income tax rate	3.9	%	(60.3	)%


⁽¹⁾

Defined Benefit Plan (Tables)

3 Months Ended

Mar. 31, 2019

Retirement Benefits [Abstract]

Summary of Net Periodic Benefit Cost

Net periodic benefit cost consists of the following for the three months ended March 31, 2019 and 2018 (in thousands):



	Three months ended March 31,
	2019			2018
Service cost	$	127		$	137
Interest cost	33			25
Expected return on plan assets	(40		)	(40		)
Amortization of unrecognized loss	34			50
Net periodic benefit cost	$	154		$	172

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Lease, Cost

The cost components of our operating leases were as follows (in thousands):



	Three Months Ended March 31, 2019
Operating lease cost ⁽¹⁾	$	7,637
Total	$	7,637


⁽¹⁾	Includes short-term leases, which are immaterial.

Maturities of Lease Liabilities

The maturities of lease liabilities at March 31, 2019 were as follows (in thousands):



2019 (excluding three months ended March 31, 2019)	$	20,530
2020	26,163
2021	22,793
2022	19,133
2023	13,087
Thereafter	44,432
Total undiscounted lease payments	$	146,138
Less: Interest	35,863
Present value of lease liabilities	$	110,275

Weighted Average Remaining Lease Term and Discount Rate For Operating Leases

The weighted average remaining lease terms and discount rates for all of our operating leases were as follows as of March 31, 2019:



Lease Term and Discount Rate
Weighted-average remaining lease term (years)
Operating leases	6.56

Weighted-average discount rate
Operating leases	7.74	%

Supplemental Cash Flow Information Related to Leases

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



	Three months ended March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	7,637

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	417

Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2019

Mar. 31, 2018

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations

Sale of Manitoba Harvest

Manitoba Harvest

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Note C — Discontinued Operations

Sale of Manitoba Harvest

Summarized results of operations of Manitoba Harvest for the three months ended March 31, 2019 and 2018 through the date of disposition are as follows (in thousands):



	For the period January 1, 2019 through disposition			Three months ended March 31, 2018
Net revenues	$	10,024		$	16,341
Gross profit	4,874			6,945
Operating loss	(1,118		)	(869		)
Loss before income taxes	(1,127		)	(880		)
Provision (benefit) for income taxes	(541		)	(486		)
Loss from discontinued operations ⁽¹⁾	$	(586	)	$	(394	)

The following table presents summary balance sheet information of the Manitoba Harvest business that is presented as discontinued operations as of December 31, 2018 (in thousands):



	December 31, 2018
Assets:
Cash and cash equivalents	$	2,577
Accounts receivable, net	7,169
Inventories	11,436
Prepaid expenses and other current assets	773
Current assets of discontinued operations	$	21,955
Property, plant and equipment, net	18,157
Goodwill	37,777
Intangible assets, net	53,533
Non-current assets of discontinued operations	$	109,467
Liabilities:
Accounts payable	4,259
Accrued expenses	4,313
Due to related party	350
Other current liabilities	507
Current liabilities of discontinued operations	$	9,429
Deferred income taxes	12,675
Other non-current liabilities	2,093
Non-current liabilities of discontinued operations	$	14,768
Noncontrolling interest of discontinued operations	$	11,160

Disposal Groups, Including Discontinued Operations

Summarized results of operations of Manitoba Harvest for the three months ended March 31, 2019 and 2018 through the date of disposition are as follows (in thousands):



	For the period January 1, 2019 through disposition			Three months ended March 31, 2018
Net revenues	$	10,024		$	16,341
Gross profit	4,874			6,945
Operating loss	(1,118		)	(869		)
Loss before income taxes	(1,127		)	(880		)
Provision (benefit) for income taxes	(541		)	(486		)
Loss from discontinued operations ⁽¹⁾	$	(586	)	$	(394	)

The following table presents summary balance sheet information of the Manitoba Harvest business that is presented as discontinued operations as of December 31, 2018 (in thousands):



	December 31, 2018
Assets:
Cash and cash equivalents	$	2,577
Accounts receivable, net	7,169
Inventories	11,436
Prepaid expenses and other current assets	773
Current assets of discontinued operations	$	21,955
Property, plant and equipment, net	18,157
Goodwill	37,777
Intangible assets, net	53,533
Non-current assets of discontinued operations	$	109,467
Liabilities:
Accounts payable	4,259
Accrued expenses	4,313
Due to related party	350
Other current liabilities	507
Current liabilities of discontinued operations	$	9,429
Deferred income taxes	12,675
Other non-current liabilities	2,093
Non-current liabilities of discontinued operations	$	14,768
Noncontrolling interest of discontinued operations	$	11,160

- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760

+ Details

Presentation and Principles of Consolidation - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) Segment	Mar. 31, 2018 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of discontinued operations	$ 121,659	$ 0
Gain on sale of discontinued operations	$ 121,659	$ 0
Sole owner of Trust interest of the company	100.00%
Number of reportable operating segments \| Segment	9

Acquisition - Additional Information (Detail) - USD ($) $ in Thousands						3 Months Ended
	Sep. 05, 2018	Sep. 04, 2018	May 23, 2018	Feb. 26, 2018	Feb. 15, 2018	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Jan. 01, 2018
Business Acquisition [Line Items]
Goodwill						$ 611,883		$ 615,893	$ 615,893
Acquisitions, net of cash acquired						(878)	$ (402,770)
Foam
Business Acquisition [Line Items]
Equity interest acquired (as a percentage)					100.00%
Purchase price, net						253,400
Integration service fees payable					$ 2,250	2,300
Acquisition related costs					1,552
Rimports
Business Acquisition [Line Items]
Equity interest acquired (as a percentage)				100.00%
Purchase price, net				$ 154,425
Acquisition related costs				632
Contingent consideration				(25,000)				$ (5,000)
Fair value of earn-out provision				4,800
Velocity Outdoor
Business Acquisition [Line Items]
Integration service fees payable						800
Customer relationships \| Foam
Business Acquisition [Line Items]
Intangible assets, amount					114,127
Customer relationships \| Rimports
Business Acquisition [Line Items]
Intangible assets, amount				79,100
Trade name \| Foam
Business Acquisition [Line Items]
Intangible assets, amount					$ 4,215
Trade name \| Rimports
Business Acquisition [Line Items]
Intangible assets, amount				$ 6,600
Clean Earth \| Environmental Soil Management, Inc.
Business Acquisition [Line Items]
Purchase price, net			$ 31,000
Goodwill			12,500
Intangible assets			$ 10,400
Clean Earth \| Disposal and Recycling Technologies, Inc.
Business Acquisition [Line Items]
Purchase price, net	$ 18,700
Goodwill		$ 8,300
Intangible assets		5,000
Velocity Outdoor Holdings [Member] \| Ravin Crossbows, LLC
Business Acquisition [Line Items]
Purchase price, net		98,000
Contingent consideration		(25,000)
Fair value of earn-out provision						4,700
Consideration transferred, intercompany loans issued		38,900
Consideration transferred, equity interests issued		60,600
Velocity Outdoor \| Ravin Crossbows, LLC
Business Acquisition [Line Items]
Acquisition related costs						$ 1,400
Goodwill		13,300
Intangible assets		67,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory		2,500
Velocity Outdoor \| Customer relationships \| Ravin Crossbows, LLC
Business Acquisition [Line Items]
Intangible assets		10,800
Velocity Outdoor \| Trade name \| Ravin Crossbows, LLC
Business Acquisition [Line Items]
Intangible assets		14,100
Velocity Outdoor \| Technology \| Ravin Crossbows, LLC
Business Acquisition [Line Items]
Intangible assets		$ 42,600

Acquisition - Schedule of Assets Acquired and Liabilities Assumed as of the Acquisition Date (Detail) - USD ($) $ in Thousands			3 Months Ended
	Feb. 26, 2018	Feb. 15, 2018	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Jan. 01, 2018
Assets:
Goodwill			$ 611,883		$ 615,893	$ 615,893
Acquisition Consideration
Total purchase consideration			878	$ 402,770
Foam
Acquisition Consideration
Acquisition related costs		$ 1,552
Purchase price, net			$ 253,400
Rimports
Acquisition Consideration
Acquisition related costs	$ 632
Purchase price, net	154,425
Potential earn-out liability	25,000				$ 5,000
Fair value of earn-out provision	$ 4,800

Acquisition - Schedule of Intangible Assets Recorded as Part of Acquisition (Detail) - USD ($) $ in Thousands	Feb. 26, 2018	Feb. 15, 2018
Foam \| Trade name
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, amount		$ 4,215
Foam \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, amount		$ 114,127
Rimports \| Trade name
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, amount	$ 6,600
Rimports \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets, amount	$ 79,100

Acquisition - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net loss attributable to Holdings	$ 109,308	$ (2,341)
Crosman and 5.11 Tactical Acquisitions
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net revenues		384,180
Gross profit		129,584
Operating income		8,697
Net loss		(2,847)
Net loss attributable to Holdings		$ (3,206)
Basic net income per share attributable to Holdings		$ (0.11)

- Definition

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

+ References + Details

Operating Segment Data - Additional Information (Detail) ft² in Thousands, Clients in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) ft² Segment Clients	Mar. 31, 2018 USD ($)
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	$ 28,700	$ 22,665
Number of reportable operating segments \| Segment	9
Liberty
Segment Reporting Information [Line Items]
Manufacturing facility area (in square feet) \| ft²	300
Arnold \| Minimum
Segment Reporting Information [Line Items]
Number of clients \| Clients	2
Outside of the United States \| Ergobaby
Segment Reporting Information [Line Items]
Concentration risk, percentage	50.00%
Operating Segments
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	$ 27,621	21,312
Operating Segments \| 5.11 Tactical
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	5,157	5,372
Operating Segments \| Ergobaby
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	2,111	2,042
Operating Segments \| Liberty
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	407	343
Operating Segments \| Velocity Outdoor
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	3,251	1,991
Operating Segments \| ACI
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	669	804
Operating Segments \| Arnold
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	1,622	1,516
Operating Segments \| Clean Earth
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	6,035	5,460
Operating Segments \| Foam
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	2,997	885
Operating Segments \| Sterno
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	5,372	2,899
Amortization Of Debt Issuance Costs And Original Issue Discount \| Reconciliation of Segment to Consolidated
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	$ 1,079	$ 1,353

Operating Segment Data - Summary of Net Sales of Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	$ 402,489	$ 344,352
5.11 Tactical
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	88,089	83,957
Liberty
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	22,204	23,454
Velocity Outdoor
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	31,137	24,407
ACI
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	23,069	22,063
Clean Earth
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	63,632	58,221
Foam
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	30,682	15,457
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	402,489	344,352
Operating Segments \| 5.11 Tactical
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	88,089	83,957
Operating Segments \| Ergobaby
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	22,452	22,162
Operating Segments \| Liberty
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	22,204	23,454
Operating Segments \| Velocity Outdoor
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	31,137	24,407
Operating Segments \| ACI
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	23,069	22,063
Operating Segments \| Arnold
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	30,028	29,399
Operating Segments \| Clean Earth
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	63,632	58,221
Operating Segments \| Foam
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	30,682	15,457
Operating Segments \| Sterno
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	91,196	65,232
Reconciliation of Segment to Consolidated \| Corporate and other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	$ 0	$ 0

Operating Segment Data - Summary of Profit (Loss) of Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	$ (10,512)	$ (3,087)
Other income (expense), net	(571)	(1,374)
Loss on equity method investment		0
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	27,932	18,703
Operating Segments \| 5.11 Tactical
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	2,338	(617)
Operating Segments \| Ergobaby
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	3,136	2,340
Operating Segments \| Liberty
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	1,415	2,815
Operating Segments \| Velocity Outdoor
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	341	273
Operating Segments \| ACI
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	6,481	5,932
Operating Segments \| Arnold
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	1,477	1,725
Operating Segments \| Clean Earth
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	1,256	759
Operating Segments \| Foam
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	3,506	725
Operating Segments \| Sterno
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	7,982	4,751
Reconciliation of Segment to Consolidated
Segment Reporting, Revenue Reconciling Item [Line Items]
Interest expense, net	(18,582)	(6,182)
Other income (expense), net	(5,871)	(1,374)
Reconciliation of Segment to Consolidated \| Corporate and other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	$ (13,991)	$ (14,234)

Operating Segment Data - Summary of Depreciation, Goodwill and Identifiable Assets of Operating Segments (Detail) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2019

Mar. 31, 2018

Dec. 31, 2018

Segment Reporting, Asset Reconciling Item [Line Items]

Allowance for Doubtful Accounts Receivable

$ (13,198)

$ (12,510)

Identifiable Assets

^[1]

1,494,249

1,491,208

Disposal Group, Including Discontinued Operation, Assets

131,702

Depreciation and Amortization Expense

28,700

$ 22,665

Operating Segments

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, Net

263,494

265,234

Identifiable Assets

^[1]

1,441,874

1,351,149

Depreciation and Amortization Expense

27,621

21,312

Operating Segments | 5.11 Tactical

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, Gross

53,161

52,069

Identifiable Assets

^[1]

349,336

319,583

Depreciation and Amortization Expense

5,157

5,372

Operating Segments | Ergobaby

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, Gross

13,914

11,361

Identifiable Assets

^[1]

101,686

100,679

Depreciation and Amortization Expense

2,111

2,042

Operating Segments | Liberty

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, Gross

11,937

10,416

Identifiable Assets

36,871

27,881

^[1]

Depreciation and Amortization Expense

407

343

Operating Segments | Velocity Outdoor

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, Gross

20,025

21,881

Identifiable Assets

^[1]

208,809

209,398

Depreciation and Amortization Expense

3,251

1,991

Operating Segments | ACI

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, Gross

8,394

^[1]

9,193

Identifiable Assets

^[1]

18,493

13,407

Depreciation and Amortization Expense

669

804

Operating Segments | Arnold

Segment Reporting, Asset Reconciling Item [Line Items]

Depreciation and Amortization Expense

1,622

1,516

Operating Segments | Arnold

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, Gross

18,393

^[1]

16,298

Identifiable Assets

^[1]

78,319

66,744

Operating Segments | Clean Earth

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, Gross

58,558

^[1]

60,317

Identifiable Assets

222,773

^[1]

204,316

Depreciation and Amortization Expense

6,035

5,460

Operating Segments | Foam

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, Gross

^[1]

24,024

23,848

Identifiable Assets

^[1]

166,255

155,504

Depreciation and Amortization Expense

2,997

885

Operating Segments | Sterno

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, Gross

68,286

72,361

Identifiable Assets

259,332

253,637

^[1]

Operating Segments | Sterno

Segment Reporting, Asset Reconciling Item [Line Items]

Depreciation and Amortization Expense

5,372

2,899

Reconciliation of Segment to Consolidated | Amortization Of Debt Issuance Costs And Original Issue Discount

Segment Reporting, Asset Reconciling Item [Line Items]

Depreciation and Amortization Expense

1,079

$ 1,353

Reconciliation of Segment to Consolidated | Corporate and other

Segment Reporting, Asset Reconciling Item [Line Items]

Identifiable Assets

^[1]

$ 52,375

$ 8,357

[1]	Does not include accounts receivable balances per schedule above or goodwill balances - refer to Note G - "Goodwill and Other Intangible Assets".

Property, Plant and Equipment and Inventory - Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 10,581	$ 9,104
Property, plant and equipment, gross	360,050		$ 354,852
Construction in process	8,828		11,189
Less: accumulated depreciation	(156,501)		(146,191)
Total	203,549		208,661
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	238,754		234,083
Furniture, fixtures and other
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	35,650		34,149
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	34,873		35,458
Buildings and land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 41,945		$ 39,973

Property, Plant and Equipment and Inventory - Summary of Inventory (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 10,581	$ 9,104
Raw materials	60,694		$ 60,788
Work-in-process	14,297		12,915
Finished goods	260,028		253,982
Less: obsolescence reserve	(21,109)		(20,248)
Total	$ 313,910		$ 307,437

Goodwill and Other Intangible Assets - Additional Information (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) Reporting_Unit	Mar. 31, 2018 USD ($)	Dec. 31, 2018 USD ($)	Jan. 01, 2018 USD ($)
Goodwill And Other Intangible Assets [Line Items]
Goodwill	$ 611,883		$ 615,893	$ 615,893
Goodwill, Period Increase (Decrease)	(4,010)
Goodwill - gross carrying amount	643,036		647,046
Goodwill, estimated impairment loss	31,153		$ 31,153
Amortization expense	17,040	$ 11,537
Velocity Outdoor
Goodwill And Other Intangible Assets [Line Items]
Goodwill	62,959
Goodwill, Period Increase (Decrease)	284
Goodwill, Other Increase (Decrease)	0
ACI
Goodwill And Other Intangible Assets [Line Items]
Goodwill	58,019			58,019
5.11 Tactical
Goodwill And Other Intangible Assets [Line Items]
Goodwill	92,966			92,966
Ergobaby
Goodwill And Other Intangible Assets [Line Items]
Goodwill	61,031			61,031
Liberty
Goodwill And Other Intangible Assets [Line Items]
Goodwill	32,828			32,828
Manitoba Harvest
Goodwill And Other Intangible Assets [Line Items]
Goodwill, Foreign Currency Translation Gain (Loss)	0
Arnold
Goodwill And Other Intangible Assets [Line Items]
Goodwill	26,903			26,903
Goodwill, Impairment Loss	$ 0
Number of reporting units at Arnold Subsidiary \| Reporting_Unit	3
Impairment assessment assumptions weighted average cost of capital	12.60%
Flexmag
Goodwill And Other Intangible Assets [Line Items]
Impairment assessment assumptions weighted average cost of capital	12.40%
Clean Earth
Goodwill And Other Intangible Assets [Line Items]
Goodwill	$ 140,484			144,778
Goodwill, Period Increase (Decrease)	(4,294)
Foam
Goodwill And Other Intangible Assets [Line Items]
Goodwill	72,708			72,708
Goodwill, Acquired During Period	0
Sterno
Goodwill And Other Intangible Assets [Line Items]
Goodwill	55,336			55,336
Goodwill, Acquired During Period	0
Corporate Segment [Member]
Goodwill And Other Intangible Assets [Line Items]
Goodwill	$ 8,649			$ 8,649

Goodwill and Other Intangible Assets - Summary of Reconciliation of Change in Carrying Value of Goodwill (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) Reporting_Unit	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Jan. 01, 2018 USD ($)
Goodwill [Line Items]
Goodwill - gross carrying amount		$ 643,036	$ 647,046
Accumulated impairment losses		(31,153)	(31,153)
Goodwill - net carrying amount	$ 615,893	611,883	$ 615,893	$ 615,893
Goodwill [Roll Forward]
Balance as of January 1, 2017	611,883
Balance as of March 31, 2017	615,893
Corporate Segment [Member]
Goodwill [Line Items]
Goodwill - net carrying amount	8,649	8,649		8,649
Goodwill [Roll Forward]
Balance as of January 1, 2017	8,649
5.11 Tactical
Goodwill [Line Items]
Goodwill - net carrying amount	92,966	92,966		92,966
Goodwill [Roll Forward]
Balance as of January 1, 2017	92,966
Ergobaby
Goodwill [Line Items]
Goodwill - net carrying amount	61,031	61,031		61,031
Goodwill [Roll Forward]
Balance as of January 1, 2017	61,031
Liberty
Goodwill [Line Items]
Goodwill - net carrying amount	32,828	32,828		32,828
Goodwill [Roll Forward]
Balance as of January 1, 2017	32,828
ACI
Goodwill [Line Items]
Goodwill - net carrying amount	58,019	58,019		58,019
Goodwill [Roll Forward]
Balance as of January 1, 2017	58,019
Arnold
Goodwill [Line Items]
Goodwill - net carrying amount	26,903	26,903		26,903
Goodwill [Roll Forward]
Balance as of January 1, 2017	$ 26,903
Number of reporting units at Arnold Subsidiary \| Reporting_Unit	3
Clean Earth
Goodwill [Line Items]
Goodwill - net carrying amount	$ 140,484	140,484		144,778
Goodwill [Roll Forward]
Balance as of January 1, 2017	140,484
Sterno
Goodwill [Line Items]
Goodwill - net carrying amount	55,336	$ 55,336		$ 55,336
Goodwill [Roll Forward]
Balance as of January 1, 2017	55,336
Acquisitions	$ 0

Goodwill and Other Intangible Assets - Summary of Other Intangible Assets (Detail) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	$ 929,566,000	$ 924,155,000
Total accumulated amortization	(256,592,000)	(239,467,000)
Finite-Lived Intangible Assets, Net	672,974,000	684,688,000
Trade names, not subject to amortization	60,373,000	60,433,000
Intangible Assets, Gross (Excluding Goodwill)	989,939,000	984,588,000
Total intangibles, net	733,347,000	745,121,000
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	500,358,000	500,358,000
Total accumulated amortization	(139,413,000)	(130,157,000)
Finite-Lived Intangible Assets, Net	360,945,000	370,201,000.000
Technology and patents
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	79,707,000	79,646,000
Total accumulated amortization	(24,772,000)	(23,409,000)
Finite-Lived Intangible Assets, Net	54,935,000	56,237,000.000
Trade name
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	208,161,000	208,074,000
Total accumulated amortization	(40,808,000)	(36,912,000)
Finite-Lived Intangible Assets, Net	167,353,000	171,162,000.000
Licensing and non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	8,205,000	8,205,000
Total accumulated amortization	(7,104,000)	(6,972,000)
Finite-Lived Intangible Assets, Net	1,101,000	1,233,000.000
Permits and Airspace
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	132,409,000	127,146,000
Total accumulated amortization	(43,769,000)	(41,291,000)
Finite-Lived Intangible Assets, Net	88,640,000	85,855,000.000
Distributor relations and other
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	726,000	726,000
Total accumulated amortization	(726,000)	(726,000)
Finite-Lived Intangible Assets, Net	$ 0	$ 0.000

Goodwill and Other Intangible Assets - Summary of Estimated Charges to Amortization Expense of Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 17,040	$ 11,537
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2018	54,121
2019	67,560
2020	66,990
2021	65,451
2022	$ 65,062

Warranties - Change in Carrying Value of Company's Warranty Liability (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Product Warranty Accrual, Beginning Balance	$ 1,624
Accrual	676	$ 3,531
Warranty payments	(836)	(4,258)
Product Warranty Accrual, Ending balance	1,464	2,197
Velocity Outdoor
Schedule of Equity Method Investments [Line Items]
Other (1)	$ 0	$ 154

Debt - Additional Information (Detail) - USD ($)		1 Months Ended	3 Months Ended
Debt - Additional Information (Detail) - USD ($)	Sep. 16, 2014	Mar. 31, 2014	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Apr. 18, 2018	Jun. 06, 2014
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 514,800,000
Long-term Debt			960,395,000		$ 1,103,871,000
Payments of debt issuance costs			0	$ 138,000
Accumulated amortization			4,948,000		10,250,000
Deferred debt issuance costs, less accumulated amortization			4,948,000		5,254,000
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term Debt			85,000,000		228,000,000
FOX Credit Facility \| Prime Rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
FOX Credit Facility \| Prime Rate \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		1.50%
Term Loan Facility
Debt Instrument [Line Items]
Long-term Debt			495,000,000		496,250,000
Deferred debt issuance costs, less accumulated amortization			19,605,000		20,379,000
2014 Credit Agreement \| Revolving Credit Facility \| London Interbank Offered Rate (LIBOR) \| Minimum
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						1.50%
2014 Credit Agreement \| Revolving Credit Facility \| London Interbank Offered Rate (LIBOR) \| Maximum
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						2.50%
2014 Credit Agreement \| Revolving Credit Facility \| Base Rate \| Minimum
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						0.50%
2014 Credit Agreement \| Revolving Credit Facility \| Base Rate \| Maximum
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						1.50%
2014 Credit Agreement \| Letter of Credit
Debt Instrument [Line Items]
Credit facility obtained							$ 100,000,000
2014 Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Credit facility obtained							25,000,000
2014 Credit Agreement \| Term Loan
Debt Instrument [Line Items]
Original issue discount						99.75%
Debt Instrument, Quarterly Payment, Amount						$ 1,250,000
2014 Credit Agreement \| Term Loan \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity						500,000,000
Deferred debt issuance costs, less accumulated amortization						7,800,000
Line of Credit Facility, Maximum Borrowing Capacity, Additional Amounts Available For Borrowing						250,000,000
2014 Credit Agreement \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity						600,000,000
2014 Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							550,000,000
2016 Incremental Term Loan \| Term Loan
Debt Instrument [Line Items]
Credit facility obtained					250,000,000
2014 Term Loan \| Term Loan
Debt Instrument [Line Items]
Credit facility obtained							$ 325,000,000
Letter of Credit
Debt Instrument [Line Items]
Letter of credit outstanding			300,000
Senior notes due 2026 [Member]
Debt Instrument [Line Items]
Debt issuance, aggregate principal amount						$ 400,000,000
Payments of debt issuance costs			7,000,000
Debt Instrument, Interest Rate, Stated Percentage						8.00%
Interest Rate Swap
Debt Instrument [Line Items]
Total fair value			3,077,000		2,072,000
Interest Rate Swap \| Other current liabilities
Debt Instrument [Line Items]
Total fair value			1,041,000		582,000
New Interest Rate Swap
Debt Instrument [Line Items]
Notional amount	$ 220,000,000
Interest rate on notional amount	2.97%
Interest rate swap agreement with bank, agreement period	3 months
Carrying Value \| Fair Value, Measurements, Recurring \| New Interest Rate Swap
Debt Instrument [Line Items]
Interest Rate Swap			$ 3,077,000		$ 2,072,000

Debt - Issuance Costs (Details) - USD ($) $ in Thousands		3 Months Ended
Debt - Issuance Costs (Details) - USD ($) $ in Thousands	Apr. 18, 2018	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Payments of debt issuance costs		$ 0	$ 138
Deferred debt issuance costs, less accumulated amortization		4,948		$ 5,254
Amortization of debt issuance costs		(927)	$ (1,098)
Senior notes due 2026 [Member]
Debt Instrument [Line Items]
Payments of debt issuance costs		$ 7,000
2014 Credit Agreement \| Revolving Credit Facility \| Term Loan
Debt Instrument [Line Items]
Debt issuance costs capitalized	$ 8,400
Deferred debt issuance costs, less accumulated amortization	7,800
Write-off of previously capitalized debt issuance costs	600
Amortization of debt issuance costs	$ (600)

Debt - Summary of Debt Holdings (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Apr. 18, 2018
Debt Instrument [Line Items]
Senior Notes	$ 400,000	$ 400,000
Total debt	960,395	1,103,871
Less: unamortized discounts and debt issuance costs	(4,948)	(5,254)
Current portion, long-term debt	(5,000)	(5,000)
Long term debt	955,395	1,098,871
Long-term Debt, Fair Value	419,000
Revolving Credit Facility
Debt Instrument [Line Items]
Total debt	85,000	228,000
Term Loan Facility
Debt Instrument [Line Items]
Total debt	495,000	496,250
Less: unamortized discounts and debt issuance costs	(19,605)	(20,379)
Current portion, long-term debt	(5,000)	(5,000)
Interest Rate Swap
Debt Instrument [Line Items]
Total fair value	3,077	2,072
Interest Rate Swap \| Other current liabilities
Debt Instrument [Line Items]
Total fair value	1,041	582
Interest Rate Swap \| Other noncurrent liabilities
Debt Instrument [Line Items]
Total fair value	$ 2,036	$ 1,490
Senior notes due 2026 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			8.00%

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands								2 Months Ended	3 Months Ended											4 Months Ended	12 Months Ended
	Apr. 30, 2019	Jan. 30, 2019	Oct. 30, 2018	Jul. 30, 2018	Apr. 30, 2018	Jan. 30, 2018	Jun. 28, 2017	Jun. 29, 2018	Apr. 29, 2019	Mar. 31, 2019	Jan. 29, 2019	Dec. 31, 2018	Oct. 29, 2018	Sep. 30, 2018	Jun. 30, 2018	Apr. 29, 2018	Mar. 31, 2018	Jan. 29, 2018	Dec. 31, 2017	Jun. 29, 2018	Dec. 31, 2017	Apr. 25, 2019	Jan. 25, 2019	Oct. 25, 2018	Jul. 26, 2018	Apr. 26, 2018	Mar. 13, 2018	Jan. 25, 2018
Stockholders Equity [Line Items]
Loss from continuing operations										$ (12,215)							$ (1,586)
Distribution Expense, Preferred Shareholders										3,781							1,813
Accrued Distribution Preferred Shareholders										$ 1,334							0
Trust shares, authorized (shares)										500,000,000		500,000,000
Preferred stock, authorized (shares)										50,000,000		50,000,000
Issuance of Trust preferred shares, net of offering costs																	96,713
Trust shares, voting rights										One vote per share
Holding Event, anniversary since acquisition										5 years
Distribution declared per share																							$ 0.36	$ 0.36	$ 0.36	$ 0.36		$ 0.36
Distributions paid										$ 21,564		$ 21,564		$ 21,564	$ 21,564		21,564		$ 21,564
Distribution To Shareholders										21,564							21,564
Net Income Loss Available To Trust Stock Net of Distributions										(17,330)							(3,399)
Distributions For Contribution Based Profit Allocation Payments										$ 7,700
Series B
Stockholders Equity [Line Items]
Preferred stock, authorized (shares)										4,000,000
Stock Issued During Period, Shares, New Issues																					96,500,000
Preferred Stock, Redemption Price Per Share																											$ 25.00
Series A Preferred Stock
Stockholders Equity [Line Items]
Preferred Stock, Liquidation Preference Per Share							$ 25.00
Proceeds from Issuance of Preferred Stock and Preference Stock							$ 100,000
Preferred Stock, Cash Distributions Paid, Per Share		$ 453.12500000	$ 453.12500000	$ 453.12500000	$ 453.12500000	$ 453.12500000
Series A
Stockholders Equity [Line Items]
Preferred stock, authorized (shares)										4,000,000
Distribution To Shareholders										$ 3,781							1,813
Series B [Member]
Stockholders Equity [Line Items]
Preferred Stock, Cash Distributions Paid, Per Share		$ 492.18750000	$ 492.18750000	$ 740.00000000
Subsequent Event
Stockholders Equity [Line Items]
Distribution declared per share																						$ 0.36
Subsequent Event \| Series A Preferred Stock
Stockholders Equity [Line Items]
Preferred Stock, Cash Distributions Paid, Per Share	$ 453.12500000
Subsequent Event \| Series B [Member]
Stockholders Equity [Line Items]
Preferred Stock, Cash Distributions Paid, Per Share	$ 492.18750000
Accumulated Deficit
Stockholders Equity [Line Items]
Distribution To Shareholders										21,564							21,564
Accumulated Deficit \| Series A
Stockholders Equity [Line Items]
Distribution To Shareholders										$ 3,781							$ 1,813
Trust Common Shares
Stockholders Equity [Line Items]
Stock Issued During Period, Shares, New Issues																					96,400,000
Series B
Stockholders Equity [Line Items]
Distribution To Shareholders											$ 1,969		$ 1,969							$ 2,960
Series B \| Subsequent Event
Stockholders Equity [Line Items]
Distribution To Shareholders									$ 1,969
Series A
Stockholders Equity [Line Items]
Distribution To Shareholders								$ 1,813			$ 1,813		$ 1,813			$ 1,813		$ 1,813
Series A \| Subsequent Event
Stockholders Equity [Line Items]
Distribution To Shareholders									$ 1,813

Stockholders' Equity - Summary of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Income Loss Available To Trust Stock Net of Distributions	$ (17,330)	$ (3,399)
Less: Effect of contribution based profit - Holding Event	981	1,400
Loss from continuing operations attributable to common shares of Holdings	(18,311)	(4,799)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	$ (136)	$ (755)
Basic and diluted weighted average shares outstanding (shares)	59,900	59,900
Continuing operations (usd per share)	$ (0.31)	$ (0.08)
Discontinued operations (usd per share)	2.03	(0.01)
Earnings Per Share, Basic and Diluted (usd per share)	$ 0	$ 0
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	$ 121,523	$ (755)

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

Mar. 31, 2019

Dec. 31, 2018

Mar. 31, 2018

Dec. 31, 2017

Noncontrolling Interest [Line Items]

Noncontrolling interest

$ 52,187

$ 48,810

$ 37,584

$ 41,066

Velocity Outdoor Ownership [Member] | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

99.20%

Noncontrolling Interest, Ownership Percentage by Parent

^[1]

99.20%

Velocity Outdoor Ownership [Member] | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

91.00%

Noncontrolling Interest, Ownership Percentage by Parent

^[1]

92.00%

5.11 Tactical | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

97.50%

Noncontrolling Interest, Ownership Percentage by Parent

^[1]

97.50%

5.11 Tactical | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

88.70%

Noncontrolling Interest, Ownership Percentage by Parent

^[1]

89.10%

Ergobaby | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

81.90%

Noncontrolling Interest, Ownership Percentage by Parent

^[1]

81.90%

Ergobaby | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

76.40%

Noncontrolling Interest, Ownership Percentage by Parent

^[1]

75.40%

Liberty | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

88.60%

Liberty | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

85.20%

ACI | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

69.40%

ACI | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

69.10%

69.20%

Arnold | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

96.70%

Arnold | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

80.20%

79.40%

Clean Earth | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

97.50%

Clean Earth | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

79.80%

Foam Fabricators | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

100.00%

Foam Fabricators | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

91.50%

Sterno | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

100.00%

Sterno | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

88.50%

88.90%

Sterno

Noncontrolling Interest [Line Items]

Noncontrolling interest

$ (1,647)

$ (2,067)

Arnold

Noncontrolling Interest [Line Items]

Noncontrolling interest

1,166

1,176

Velocity Outdoor

Noncontrolling Interest [Line Items]

Noncontrolling interest

2,740

2,524

Liberty

Noncontrolling Interest [Line Items]

Noncontrolling interest

3,369

3,342

Ergobaby

Noncontrolling Interest [Line Items]

Noncontrolling interest

25,861

25,362

5.11 Tactical

Noncontrolling Interest [Line Items]

Noncontrolling interest

10,386

9,873

ACI

Noncontrolling Interest [Line Items]

Noncontrolling interest

(98)

(1,236)

Clean Earth

Noncontrolling Interest [Line Items]

Noncontrolling interest

9,208

8,888

Allocation Interests [Member]

Noncontrolling Interest [Line Items]

Noncontrolling interest

100

Foam Fabricators

Noncontrolling Interest [Line Items]

Noncontrolling interest

$ 1,102

$ 848

[1]

principal difference between primary and diluted percentages of our operating segments is due to stock option issuances of operating segment stock to management of the respective businesses. Noncontrolling Interest Balances(in thousands)March 31, 2019 December 31, 20185.11 Tactical$10,386 $9,873Ergobaby25,861 25,362Liberty3,369 3,342Velocity Outdoor2,740 2,524ACI(98) (1,236)Arnold 1,166 1,176Clean Earth9,208 8,888Foam Fabricators1,102 848Sterno (1,647) (2,067)Allocation Interests100 100 $52,187 $48,810

Fair Value Measurement - Summary of Liabilities Carried at Fair Value Measured on Recurring Basis (Detail) - USD ($)

12 Months Ended

Dec. 31, 2017

Mar. 31, 2019

Dec. 31, 2018

Apr. 18, 2018

Feb. 26, 2018

Jan. 31, 2018

Liabilities:

Total recorded at fair value

$ (4,547,000)

$ (178,000)

Fair Value, Measurements, Recurring | Carrying Value

Liabilities:

Put option of noncontrolling shareholders

(173,000)

Contingent consideration

(4,374,000)

^[1]

(4,374,000)

Total recorded at fair value

(7,624,000)

(6,619,000)

Fair Value, Measurements, Recurring | Level 1 | Fair Value

Liabilities:

Put option of noncontrolling shareholders

Contingent consideration

^[1]

Interest rate swap

Total recorded at fair value

Fair Value, Measurements, Recurring | Level 2 | Fair Value

Liabilities:

Put option of noncontrolling shareholders

Contingent consideration

^[1]

Interest rate swap

(3,077,000)

(2,072,000)

Total recorded at fair value

(3,077,000)

(2,072,000)

Fair Value, Measurements, Recurring | Level 3 | Fair Value

Liabilities:

Put option of noncontrolling shareholders

(173,000)

Contingent consideration

(4,374,000)

^[1]

(4,374,000)

Interest rate swap

Total recorded at fair value

(4,547,000)

New Interest Rate Swap | Fair Value, Measurements, Recurring | Carrying Value

Liabilities:

Interest rate swap

$ (3,077,000)

(2,072,000)

Rimports

Liabilities:

Contingent consideration

$ (5,000,000)

$ (25,000,000)

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases

$ (4,800,000)

Senior notes due 2026 [Member]

Liabilities:

Debt issuance, aggregate principal amount

$ 400,000,000

[1]	{F\|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOmExODlmMTIyMmFmNTRjNDU4YmIyZWRhYzI3ZDExNTllfFRleHRTZWxlY3Rpb246QUFGMDQ0MkQ5OUNFRTkyRUI2MTA0RTk5ODUwOTVCREMM}

Fair Value Measurement - Reconciliations of Change in Carrying Value of Level 3 Fair Value Measurements (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of liability, Beginning balance	$ (4,547)
Fair value of liability, Ending balance	(4,547)
Rimports
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration - Rimports (1)		$ (4,800)
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability		4,800
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, Settlements		(4,734)
Payment of contingent consideration		$ 360
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	$ 5

Fair Value Measurement - Assets Measured on Nonrecurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	$ 400,000	$ 400,000
Long-term Debt, Fair Value	$ 419,000
Ravin [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration		$ (4,000)	$ (5,000)

Fair Value Measurement - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Feb. 26, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 514,800
Long-term Debt	960,395	$ 1,103,871
Term Loan Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt	$ 495,000	496,250
Rimports
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration		5,000		$ 25,000
Ravin [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration		$ 4,000	$ 5,000

Income Taxes - Reconciliation between Federal Statutory Rate and Effective Income Tax Rate (Detail)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Contingency [Line Items]
United States Federal Statutory Rate	(21.00%)	(21.00%)
State income taxes (net of Federal benefits)	0.70%	(11.30%)
Foreign income taxes	(3.60%)	(3.20%)
Expenses of Compass Group Diversified Holdings, LLC representing a pass through to shareholders	24.00%	(1.00%)
Impact of subsidiary employee stock options	0.60%	(24.20%)
Credit utilization	(0.90%)	(7.00%)
Non-recognition of NOL carryforwards at subsidiaries	1.10%	8.60%
Effect of Tax Act	3.50%	(2.90%)
Other	(0.50%)	1.70%
Effective income tax rate	3.90%	(60.30%)

Defined Benefit Plan - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 0.1
Unfunded liability	3.9
Expected contribution to the Foreign Plan	$ 0.7

Defined Benefit Plan - Summary of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Retirement Benefits [Abstract]
Service cost	$ 127	$ 137
Interest cost	33	25
Expected return on plan assets	(40)	(40)
Amortization of unrecognized loss	34	50
Net periodic benefit cost	$ 154	$ 172

Commitments and Contingencies - Components of Operating Leases (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 7,637
Total lease cost	$ 7,637

Commitments and Contingencies - Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
Commitments and Contingencies Disclosure [Abstract]
2019	$ 20,530
2020	26,163
2021	22,793
2022	19,133
2023	13,087
Thereafter	44,432
Total undiscounted lease payments	146,138
Less: Interest	35,863
Present value of lease liabilities	$ 110,275	$ 115,400

Commitments and Contingencies - Lease Term and Discount Rate (Details)	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Weighted-average remaining lease term (years)	6 years 6 months 21 days
Weighted-average discount rate	7.74%

Commitments and Contingencies - Supplemental Cash Flow Information Related to Leases (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 417
Operating cash flows from operating leases	$ 7,637

- Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
- Narrative (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Mar. 31, 2019	Dec. 31, 2017	Feb. 15, 2018
Related Party Transaction [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 514,800
Velocity Outdoor
Related Party Transaction [Line Items]
Business Combination, Integration Related Costs			$ 1,500
Integration service fees payable		800
Foam
Related Party Transaction [Line Items]
Integration service fees payable		2,300		$ 2,250
Business Combination, Integration Services Payable In Year One		2,000
Business Combination, Integration Services Payable In Year Two		$ 250
Sterno
Related Party Transaction [Line Items]
Options, exercises in period (shares)	58,000
Stock Repurchased During Period, Shares		58,000
Total consideration	$ 6,000
Letter of Credit \| Sterno
Related Party Transaction [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 56,800
Sterno
Related Party Transaction [Line Items]
Ownership percentage intercompany loan agreement	100.00%
Related Party Vendor [Member]
Related Party Transaction [Line Items]
Ownership Percentage, Related Party Vendors		40.00%
Related Party Transaction, Purchases from Related Party		$ 1,300

Discontinued Operations (Details) - USD ($) $ in Thousands		3 Months Ended
Discontinued Operations (Details) - USD ($) $ in Thousands	Feb. 28, 2019	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2019	Feb. 18, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, including discontinued operation, consideration, cash	$ 50,000				$ 150,000
Disposal Group, including discontinued operation, consideration, shares	42,500				$ 127,500
Disposal Group, Net indebtedness	71,300
disposal group, including discontinued operation, transaction costs	5,000
Proceeds from sale of business		$ 124,166	$ 0
Disposal Group, Deferred Gain on Disposal		48,000
Disposal Group, Including Discontinued Operation, Intercompany Interest Expense Excluded from Income (Loss) from Discontinued Operations		1,000	1,200
Gain on sale of discontinued operations, net of income tax		121,659	0
Gain on sale of discontinued operations		121,659	$ 0
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal		121,700
Debt and Equity Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment		$ (5,300)
Manitoba Harvest
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, including discontinued operation, consideration, shares				$ 49,000
United States
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Net indebtedness	$ 53,700

Discontinued Operations - Summarized Balance Sheet Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Debt and Equity Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment	$ (5,300)
Disposal Group, Including Discontinued Operation, Revenue	10,024	$ 16,341
Assets:
Cash			$ 2,577
Accounts receivable, net			7,169
Disposal Group, Including Discontinued Operation, Inventory			11,436
Prepaid expenses and other current assets			773
Current assets held for sale	0		21,955
Noncurrent assets held for sale	0		109,467
Liabilities:
Accrued expenses and other current liabilities			507
Current liabilities held for sale	0		9,429
Noncurrent liabilities held for sale	0		14,768
Noncontrolling interest of discontinued operations	52,187	37,584	48,810	$ 41,066
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment			18,157
Disposal Group, Including Discontinued Operation, Goodwill			37,777
Disposal Group, Including Discontinued Operation, Intangible Assets			53,533
Disposal Group, Including Discontinued Operation, Accounts Payable			4,259
Disposal Group, Including Discontinued Operation, Accrued Liabilities			4,313
disposal group due to related party			350
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities			12,675
Disposal Group, Including Discontinued Operation, Other Liabilities			2,093
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations	0		$ 11,160
Disposal Group, Including Discontinued Operation, Gross Profit (Loss)	4,874	6,945
Disposal Group, Including Discontinued Operation, Operating Income (Loss)	(1,118)	(869)
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	(1,127)	(880)
Discontinued Operation, Tax Effect of Discontinued Operation	(541)	(486)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ (586)	$ (394)

Discontinued Operations - Summarized Operating Results (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$ 10,024	$ 16,341
Gross profit	4,874	6,945
Operating income (loss)	(1,118)	(869)
Income (loss) from continuing operations before income taxes	(1,127)	(880)
Provision for income taxes	(541)	(486)
Income from discontinued operations	(586)	(394)
Disposal Group, Including Discontinued Operation, Intercompany Interest Expense Excluded from Income (Loss) from Discontinued Operations	$ 1,000	$ 1,200

- Definition

Amount before tax of income (loss) from a discontinued operation. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References + Details

- Definition

Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal.

+ References + Details

- Definition

Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References + Details

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	$ 402,489	$ 344,352
5.11 Tactical
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	88,089	83,957
Ergo
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	22,452	22,162
Liberty
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	22,204	23,454
Velocity Outdoor
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	31,137	24,407
ACI
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	23,069	22,063
Arnold
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	30,028	29,399
Clean Earth
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	63,632	58,221
Foam
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	30,682	15,457
Sterno
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	91,196	65,232
United States
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	341,600
United States \| 5.11 Tactical
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	70,477	64,452
United States \| Ergo
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	7,335	8,203
United States \| Liberty
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	21,736	22,757
United States \| Velocity Outdoor
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	26,164	20,085
United States \| ACI
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	23,069	22,063
United States \| Arnold
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	17,916	17,282
United States \| Clean Earth
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	63,632	58,221
United States \| Foam
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	26,137	13,486
United States \| Sterno
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	85,134	60,259
Canada
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	9,639
Canada \| 5.11 Tactical
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	1,664	2,017
Canada \| Ergo
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	819	765
Canada \| Liberty
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	468	697
Canada \| Velocity Outdoor
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	1,477	1,353
Canada \| ACI
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0
Canada \| Arnold
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	179	368
Canada \| Clean Earth
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0
Canada \| Foam
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0
Canada \| Sterno
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	5,032	3,941
Europe
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	26,467
Europe \| 5.11 Tactical
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	7,282	8,558
Europe \| Ergo
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	6,531	7,158
Europe \| Liberty
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0
Europe \| Velocity Outdoor
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	2,201	1,508
Europe \| ACI
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0
Europe \| Arnold
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	9,770	10,146
Europe \| Clean Earth
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0
Europe \| Foam
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0
Europe \| Sterno
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	683	840
Asia Pacific
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	12,499
Asia Pacific \| 5.11 Tactical
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	3,414	4,241
Asia Pacific \| Ergo
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	7,306	5,692
Asia Pacific \| Liberty
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0
Asia Pacific \| Velocity Outdoor
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	229	330
Asia Pacific \| ACI
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0
Asia Pacific \| Arnold
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	1,260	911
Asia Pacific \| Clean Earth
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0
Asia Pacific \| Foam
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0
Asia Pacific \| Sterno
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	290	163
Other international
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	12,284
Other international \| 5.11 Tactical
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	5,252	4,689
Other international \| Ergo
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	461	344
Other international \| Liberty
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0
Other international \| Velocity Outdoor
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	1,066	1,131
Other international \| ACI
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0
Other international \| Arnold
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	903	692
Other international \| Clean Earth
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0
Other international \| Foam
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	4,545	1,971
Other international \| Sterno
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	$ 57	$ 29