0001345126-20-000054 | 10-Q | XBRL Viewer | Compass Diversified Holdings

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Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2020	Jul. 28, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Entity Registrant Name	COMPASS DIVERSIFIED HOLDINGS
Document Transition Report	false
Entity Incorporation, State or Country Code	DE
Entity File Number	001-34927
Entity Tax Identification Number	57-6218917
Entity Address, Address Line One	301 Riverside Avenue
Entity Address, Address Line Two	Second Floor
Entity Address, City or Town	Westport
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06880
City Area Code	203
Local Phone Number	221-1703
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		64,900,000
Entity Central Index Key	0001345126
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Shares representing beneficial interests in Compass Diversified Holdings
Document Information [Line Items]
Title of 12(b) Security	Shares representing beneficial interests in Compass Diversified Holdings
Trading Symbol	CODI
Security Exchange Name	NYSE
Series A Preferred Shares representing Series A Trust Preferred Interest in Compass Diversified Holdings
Document Information [Line Items]
Title of 12(b) Security	Series A Preferred Shares representing beneficial interests in Compass Diversified Holdings
Trading Symbol	CODI PR A
Security Exchange Name	NYSE
Series B Preferred Shares representing Series B Trust Preferred Interest in Compass Diversified Holdings
Document Information [Line Items]
Title of 12(b) Security	Series B Preferred Shares representing beneficial interests in Compass Diversified Holdings
Trading Symbol	CODI PR B
Security Exchange Name	NYSE
Series C Preferred Shares Representing Series C Trust Preferred Interest In Compass Diversified Holdings [Member] [Domain]
Document Information [Line Items]
Title of 12(b) Security	Series C Preferred Shares representing beneficial interests in Compass Diversified Holdings
Trading Symbol	CODI PR C
Security Exchange Name	NYSE

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 205,228	$ 100,314
Accounts receivable, net	192,177	191,405
Inventories	317,301	317,306
Prepaid expenses and other current assets	33,281	35,247
Total current assets	747,987	644,272
Property, plant and equipment, net	150,229	146,428
Goodwill	506,252	438,519
Intangible assets, net	633,331	561,946
Other non-current assets	103,725	100,727
Total assets	2,141,524	1,891,892
Current liabilities:
Accounts payable	78,514	70,089
Accrued expenses	124,116	108,768
Due to related party	4,186	8,049
Other current liabilities	24,006	22,573
Total current liabilities	230,822	209,479
Deferred Income Tax Liabilities, Net	28,342	33,039
Long-term debt	591,787	394,445
Other non-current liabilities	93,691	89,054
Total liabilities	944,642	726,017
Stockholders’ equity
Trust common shares, no par value, 500,000 authorized; 64,900 shares issued and outstanding at June 30, 2020 and 59,900 shares issued and outstanding at December 31, 2019	1,008,588	924,680
Accumulated other comprehensive loss	(5,528)	(3,933)
Accumulated deficit	(177,912)	(109,338)
Total stockholders’ equity attributable to Holdings	1,129,066	1,115,327
Noncontrolling interest	67,816	50,548
Total stockholders’ equity	1,196,882	1,165,875
Total liabilities and stockholders’ equity	2,141,524	$ 1,891,892
Present value of lease liabilities	$ 98,584
Series A Preferred Stock
Preferred Stock, No Par Value
Current liabilities:
Preferred Stock, Value, Issued	$ 96,417	$ 96,417
Stockholders’ equity
Preferred Stock, Shares Issued	4,000,000	4,000,000
Preferred Stock, Shares Outstanding	4,000,000	4,000,000
Series B Preferred Stock [Member]
Preferred Stock, No Par Value
Current liabilities:
Preferred Stock, Value, Issued	$ 96,504	$ 96,504
Stockholders’ equity
Preferred Stock, Shares Issued	4,000,000	4,000,000
Preferred Stock, Shares Outstanding	4,000,000	4,000,000
Series C Preferred Stock [Member]
Preferred Stock, No Par Value
Current liabilities:
Preferred Stock, Value, Issued	$ 110,997	$ 110,997
Stockholders’ equity
Preferred Stock, Shares Issued	4,600,000	4,600,000
Preferred Stock, Shares Outstanding	4,600,000	4,600,000

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Class of Stock [Line Items]
Trust shares, par value (in dollars per share)
Trust shares, authorized (shares)	500,000,000	500,000,000
Trust shares, issued (shares)	64,900,000	59,900,000
Trust shares, outstanding (shares)	64,900,000	59,900,000
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Accounts Receivable, Allowance for Credit Loss	$ 15,065	$ 14,800
Accumulated Amortization, Debt Issuance Costs, Noncurrent	$ 3,418	$ 3,754
Series A Preferred Stock
Class of Stock [Line Items]
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
Series B Preferred Stock [Member]
Class of Stock [Line Items]
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
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, No Par Value
Preferred Stock, Shares Issued	4,600,000	4,600,000
Preferred Stock, Shares Outstanding	4,600,000	4,600,000

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Proceeds from sale of business			$ 0	$ 451,654
Net revenues	$ 333,627	$ 336,084	667,076	674,941
Cost of revenues	216,224	213,521	430,185	432,823
Gross profit	117,403	122,563	236,891	242,118
Operating expenses:
Selling, general and administrative expense	84,014	80,312	167,814	161,709
Management fees	5,157	8,521	13,777	19,478
Amortization expense	14,779	13,522	28,284	27,112
Operating income	13,453	20,208	27,016	33,819
Other income (expense):
Interest expense, net	(11,174)	(18,445)	(19,771)	(36,899)
Debt and Equity Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment	0	0	0	(5,300)
Amortization of debt issuance costs	(610)	(928)	(1,135)	(1,855)
Other income (expense), net	(2,386)	(90)	(1,725)	(524)
Income (loss) from continuing operations before income taxes	(717)	745	4,385	(10,759)
Provision for income taxes	6,649	4,551	6,871	5,975
Loss from continuing operations	(7,366)	(3,806)	(2,486)	(16,734)
Income from discontinued operations, net of income tax	0	15,474	0	16,901
Gain on sale of discontinued operations	0	206,505	0	328,164
Net income (loss)	(7,366)	218,173	(2,486)	328,331
Less: Net income from continuing operations attributable to noncontrolling interest	(1,071)	(1,387)	(2,286)	(2,755)
Less: Net loss from discontinued operations attributable to noncontrolling interest	0	252	0	(266)
Net income (loss) attributable to Holdings	(8,437)	216,534	(4,772)	325,842
Amounts attributable to Holdings
Loss from continuing operations	(8,437)	(5,193)	(4,772)	(19,489)
Income from discontinued operations, net of income tax	0	15,222	0	17,167
Gain on sale of discontinued operations, net of income tax	$ 0	$ 206,505	$ 0	$ 328,164
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)	$ (0.30)	$ (0.32)	$ (0.50)	$ (0.64)
Basic and fully diluted income (loss) per share attributable to Holdings, discontinued operations (usd per share)	0	3.70	0	5.77
Basic and fully diluted income (loss) per share attributable to Holdings, total (usd per share)	$ (0.30)	$ 3.38	$ (0.50)	$ 5.13
Weighted average number of shares of trust stock outstanding – basic and fully diluted (in shares)	62,844	59,900	61,364	59,900
Cash distributions declared per share (refer to Note J) (usd per share)	$ 0.36	$ 0.36	$ 0.72	$ 0.72
Velocity
Net revenues	$ 47,221	$ 29,611	$ 77,611	$ 60,748

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net income (loss)	$ (7,366)	$ 218,173	$ (2,486)	$ 328,331
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	167	(324)	(1,951)	253
Cost of revenues	216,224	213,521	430,185	432,823
Other comprehensive income (loss)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	0	0	0	4,791
Pension benefit liability, net	(238)	(671)	356	(780)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(71)	(995)	(1,595)	4,264
Total comprehensive income (loss) attributable to Holdings, net of tax	(7,437)	217,178	(4,081)	332,595
Less: Net income attributable to noncontrolling interests	1,071	1,639	2,286	2,489
Less: Other comprehensive loss attributable to noncontrolling interests	(5)	(32)	(22)	(30)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ (8,503)	$ 215,571	$ (6,345)	$ 330,136

Condensed Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands	Total	Trust Common Shares	Accumulated Deficit	Accumulated Other Comprehensive Loss	Stockholders' Equity Attributable to Holdings	Non- Controlling Interest	Non Controlling Interest Of Discontinued Operations [Member]	Liberty	Manitoba Harvest	Manitoba Harvest Non Controlling Interest Of Discontinued Operations [Member]	Clean Earth	Clean Earth Non Controlling Interest Of Discontinued Operations [Member]	Marucci [Member]	Marucci [Member] Non- Controlling Interest	Series A Trust Preferred Shares	Trust Preferred Shares	Trust Preferred Shares Accumulated Deficit	Trust Preferred Shares Stockholders' Equity Attributable to Holdings	Series B Trust Preferred Shares	Series C Preferred Stock [Member]	Series C Preferred Stock [Member] Trust Preferred Shares	Trust Common Shares	Trust Common Shares Accumulated Deficit	Trust Common Shares Stockholders' Equity Attributable to Holdings
Noncontrolling interest						$ 39,922
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations							$ 20,048
Beginning balance at Dec. 31, 2018	$ 919,342	$ 924,680	$ (249,453)	$ (8,776)	$ 859,372										$ 96,417				$ 96,504		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	328,331		325,842		325,842	2,755
Less: Net loss from discontinued operations attributable to noncontrolling interest	(266)						(266)
Total comprehensive loss, net	4,264			4,264	4,264
Option activity attributable to noncontrolling shareholders	5,268					3,329	1,939
Effect of subsidiary stock option exercise	41					41
Noncontrolling Interest, Increase from Sale of Parent Equity Interest	(70)					(70)
Noncontrolling Interest, Decrease from Deconsolidation									$ (10,799)	$ (10,799)	$ (10,922)	$ (10,922)
Distribution Expense, Allocation Interests	(7,983)		(7,983)		(7,983)
Distributions paid																$ (7,563)	$ (7,563)	$ (7,563)				$ (43,128)	$ (43,128)	$ (43,128)
Ending balance at Jun. 30, 2019	1,176,781	924,680	17,715	(4,512)	1,130,804										96,417				96,504		0
Beginning balance at Dec. 31, 2018	919,342	924,680	(249,453)	(8,776)	859,372										96,417				96,504		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Issued During Period, Value, New Issues																				$ 111,000
Ending balance at Dec. 31, 2019	1,165,875	924,680	(109,338)	(3,933)	1,115,327										96,417				96,504		110,997
Noncontrolling interest						42,979
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations							9,208
Beginning balance at Mar. 31, 2019	1,000,781	924,680	(165,490)	(3,517)	948,594										96,417				96,504		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	218,173		216,534		216,534	1,387
Less: Net loss from discontinued operations attributable to noncontrolling interest	252						252
Total comprehensive loss, net	(995)			(995)	(995)
Option activity attributable to noncontrolling shareholders	3,063					1,601	1,462
Effect of subsidiary stock option exercise	41					41
Noncontrolling Interest, Increase from Sale of Parent Equity Interest	(31)					(31)
Noncontrolling Interest, Decrease from Deconsolidation											$ (10,922)	$ (10,922)
Distribution Expense, Allocation Interests	(7,983)		(7,983)		(7,983)
Distributions paid																(3,782)	(3,782)	(3,782)				(21,564)	(21,564)	(21,564)
Ending balance at Jun. 30, 2019	1,176,781	924,680	17,715	(4,512)	1,130,804										96,417				96,504		0
Noncontrolling interest						45,977
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations							0
Noncontrolling interest	50,548					50,548		$ 2,936					$ 0
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations							0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Trust preferred shares, net of offering costs																				110,997
Beginning balance at Dec. 31, 2019	1,165,875	924,680	(109,338)	(3,933)	1,115,327										96,417				96,504		110,997
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(2,486)		(4,772)		(4,772)	2,286
Less: Net loss from discontinued operations attributable to noncontrolling interest	0
Total comprehensive loss, net	(1,595)			(1,595)	(1,595)
Stock Issued During Period, Value, New Issues	83,908	83,908			83,908
Option activity attributable to noncontrolling shareholders	3,945					3,945
Effect of subsidiary stock option exercise	253					253
Noncontrolling Interest, Increase from Business Combination	11,127													$ 11,127
Purchase of noncontrolling interest	(343)					(343)
Distribution Expense, Allocation Interests	(9,087)		(9,087)		(9,087)
Distributions paid																(11,587)	(11,587)	(11,587)				(43,128)	(43,128)	(43,128)
Ending balance at Jun. 30, 2020	1,196,882	1,008,588	(177,912)	(5,528)	1,129,066										96,417				96,504		110,997
Noncontrolling interest						53,808
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations							0
Beginning balance at Mar. 31, 2020	1,135,083	924,680	(141,866)	(5,457)	1,081,275										96,417				96,504		110,997
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(7,366)		(8,437)		(8,437)	1,071
Less: Net loss from discontinued operations attributable to noncontrolling interest	0						0
Total comprehensive loss, net	(71)			(71)	(71)
Stock Issued During Period, Value, New Issues	83,908	83,908			83,908
Option activity attributable to noncontrolling shareholders	1,890					1,890
Effect of subsidiary stock option exercise	180					180
Noncontrolling Interest, Increase from Sale of Parent Equity Interest	(260)					(260)
Noncontrolling Interest, Increase from Business Combination	11,127													$ 11,127
Distribution Expense, Allocation Interests	0
Distributions paid																$ (6,045)	$ (6,045)	$ (6,045)				$ (21,564)	$ (21,564)	$ (21,564)
Ending balance at Jun. 30, 2020	1,196,882	$ 1,008,588	$ (177,912)	$ (5,528)	$ 1,129,066										$ 96,417				$ 96,504		$ 110,997
Noncontrolling interest	$ 67,816					$ 67,816		$ 3,254					$ 10,721
Stockholders' Equity Attributable to Noncontrolling Interest, Discontinued Operations							$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Trust preferred shares, net of offering costs																				$ 110,997

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

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2020

Jun. 30, 2019

Jun. 30, 2020

Jun. 30, 2019

Dec. 31, 2019

Cash flows from operating activities:

Net income (loss)

$ (7,366)

$ 218,173

$ (2,486)

$ 328,331

Income from discontinued operations, net of income tax

15,474

16,901

Gain on sale of discontinued operations

206,505

328,164

Income (loss) from continuing operations

(7,366)

(3,806)

(2,486)

(16,734)

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

Depreciation expense

8,600

8,200

16,902

16,225

Amortization

31,284

Amortization expense

14,779

13,522

28,284

27,112

Amortization of debt issuance costs, discount and premium

1,079

2,159

Unrealized loss on interest rate swap

3,350

Noncontrolling stockholder stock based compensation

3,945

3,329

Provision for loss on receivables

2,519

498

Deferred taxes

(5,933)

(36)

Other

1,155

427

Changes in operating assets and liabilities, net of acquisitions:

Accounts receivable

8,780

16,492

Inventories

11,236

(19,778)

Other current and non-current assets

1,991

(6,272)

Accounts payable and accrued expenses

17,858

(7,980)

Cash provided by operating activities - continuing operations

88,330

18,792

Cash used in operating activities - discontinued operations

(10,138)

Cash provided by operating activities

88,330

8,654

Payments to Acquire Businesses, Net of Cash Acquired

(200,720)

Cash flows from investing activities:

Purchases of property and equipment

(12,168)

(14,360)

Payment of interest rate swap

(303)

Proceeds from sale of businesses

451,654

Other investing activities

(102)

1,790

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

(212,990)

438,781

Cash provided by investing activities - discontinued operations

279,219

Cash (used in) provided by investing activities

(212,990)

718,000

Proceeds from Issuance of Common Stock

83,908

Cash flows from financing activities:

Borrowings under credit facility

200,000

108,000

Repayments under credit facility

(200,000)

(338,500)

Proceeds from Issuance of Senior Long-term Debt

202,000

Distributions paid - common shares

(43,128)

Distributions paid - preferred shares

(11,587)

(7,563)

Distributions paid - allocation interests

(9,087)

(7,983)

Proceeds from noncontrolling interests-acquisition

11,127

Net proceeds provided by noncontrolling shareholders

253

Purchase of noncontrolling interest

(343)

(70)

Payments of Debt Issuance Costs

(3,180)

Other

632

(3,547)

Net cash provided by (used in) financing activities

230,595

(292,750)

Foreign currency impact on cash

(1,021)

(1,366)

Net increase in cash and cash equivalents

104,914

432,538

Cash and cash equivalents — beginning of period (1)

$ 485,864

100,314

^[1]

$ 53,326

^[1]

$ 53,326

^[1]

Cash and cash equivalents — end of period

$ 205,228

100,314

^[1]

Disposal Group, Including Discontinued Operation, Cash

$ 4,600

[1]	⁽¹⁾ Includes cash from discontinued operations of $4.6 million at January 1, 2019.

Presentation and Principles of Consolidation	6 Months Ended
Presentation and Principles of Consolidation	Jun. 30, 2020
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"), 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 June 30, 2020. The segments are as follows: 5.11 Acquisition Corp. ("5.11"), 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"), Marucci Sports, LLC ("Marucci Sports" or "Marucci"), Compass AC Holdings, Inc. ("ACI" or "Advanced Circuits"), AMT Acquisition Corporation ("Arnold"), 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 and six month periods ended June 30, 2020 and June 30, 2019 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, 2019. 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 FHF Holdings Ltd. ("Manitoba Harvest"), the parent company of Fresh Hemp Foods Ltd. Additionally, during the second quarter of 2019, the Company completed the sale of CEHI Acquisition Corp. ("Clean Earth"), the parent company of Clean Earth Holdings, Inc. and Clean Earth Inc. The results of operations of Manitoba Harvest and Clean Earth are reported as discontinued operations in the condensed consolidated statements of operations for the three and six months ended June 30, 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 In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, Financial Instruments—Credit Losses, which requires companies to present assets held at amortized cost, trade receivables 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 was effective for fiscal years and interim periods beginning after December 15, 2019, with early adoption permitted. The adoption of this guidance on January 1, 2020 did not have a material impact on our consolidated financial statements. Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This guidance removes certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences. This guidance also clarifies and simplifies other areas of ASC 740. The guidance will be effective for fiscal years and interim periods beginning after December 15, 2021 and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on our consolidated financial statements.

Acquisition

6 Months Ended

Jun. 30, 2020

Acquisitions [Abstract]

Business Combination Disclosure [Text Block]

Acquisition

Acquisition of Marucci Sports, LLC

On April 20, 2020, pursuant to an Agreement and Plan of Merger (the “Merger Agreement”) entered into on March 6, 2020, the Company, through a wholly-owned subsidiary, Wheelhouse Holdings Inc., a Delaware corporation (“Buyer”) and Wheelhouse Holdings Merger Sub LLC, a Delaware limited liability company and a wholly owned Subsidiary of Buyer (“Merger Sub”), completed a merger (the “Transaction”) with Marucci Sports, LLC, a Delaware limited liability company (“Marucci”). Upon the completion of the Transaction, Marucci became a wholly owned subsidiary of Buyer and an indirect subsidiary of the Company. Headquartered in Baton Rouge, Louisiana, Marucci is a leading manufacturer and distributor of baseball and softball equipment. Founded in 2009, Marucci has a product portfolio that includes wood and metal bats, apparel and accessories, batting and fielding gloves and bags and protective gear.

The Company made loans to, and purchased a 92.2% equity interest in, Marucci. The purchase price, including proceeds from noncontrolling shareholders and net of transaction costs, was $199.4 million. Marucci management and certain existing shareholders invested in the Transaction along with the Company, representing 7.8% initial noncontrolling interest on both a primary and fully diluted basis. The fair value of the noncontrolling interest was determined based on the enterprise value of the acquired entity multiplied by the ratio of the number of shares acquired by the minority holders to total shares. The transaction was accounted for as a business combination. CGM acted as an advisor to the Company in the acquisition and will continue to provide integration services during the first year of the Company's ownership of Marucci. CGM will receive integration service fees of $2.0 million payable quarterly over a twelve month period as services are rendered beginning in the quarter ended September 30, 2020. The Company incurred $2.0 million of transaction costs in conjunction with the Marucci acquisition, which was included in selling, general and administrative expense in the consolidated statements of operations during the second quarter of 2020.

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



	Preliminary Allocation
(in thousands)	As of April 20, 2020
Assets
Cash	$	2,730
Accounts Receivable⁽¹⁾	11,471
Inventory ⁽²⁾	14,795
Property, plant and equipment ⁽³⁾	10,681
Intangible assets	99,249
Goodwill	67,733
Other current and noncurrent assets	956
Total Assets	207,615

Liabilities and noncontrolling interest
Current liabilities	6,207
Other liabilities	42,100
Noncontrolling interest	11,127
Total liabilities and noncontrolling interest	59,434

Net assets acquired	148,181
Noncontrolling interest	11,127
Intercompany loans	42,100
	$	201,408

(1) Includes $12.7 million in gross contractual accounts receivable, of which $1.2 million is not expected to be collected. The fair value of accounts receivable approximates book value acquired.

(2) Includes $4.3 million in inventory basis step-up, which will be charged to cost of goods sold. $3.0 million was amortized to cost of goods sold in the second quarter of 2020, and $1.3 million will be charged to cost of goods sold in the third quarter of 2020.

(3) Includes $2.5 million of property, plant and equipment basis step-up. The fair value of property, plant and equipment will be depreciated over the remaining useful lives of the assets.



Acquisition consideration
Purchase price	$	200,000
Cash acquired	3,750
Net working capital adjustment	158
Other adjustments	(2,500		)
Total purchase consideration	$	201,408
Less: Transaction costs	2,042
Net purchase price	$	199,366

The preliminary allocation of the purchase price presented above is based on management's estimate of the fair values using valuation techniques including the income, cost and market approach. In estimating the fair value of the acquired assets and assumed liabilities, the fair value estimates are based on, but not limited to, expected future revenue and cash flows, expected future growth rates and estimated discount rates. Current and noncurrent assets and current and other liabilities are valued at historical carrying values. Property, plant and equipment is valued through a purchase price appraisal and will be depreciated on a straight-line basis over the respective remaining useful lives of the assets. Goodwill is calculated as the excess of the consideration transferred over the fair value of the identifiable net assets acquired and represents the future economic benefits expected to arise from other intangible assets acquired that do not qualify for separate recognition, including assembled workforce and non-contractual relationships, as well as

expected future synergies. The goodwill of $67.7 million reflects the strategic fit of Marucci in the Company's branded consumer business and is expected to be deductible for income tax purposes. The purchase accounting for Marucci is preliminary and is expected to be finalized in the third quarter of 2020.

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



Intangible Assets	Amount		Estimated Useful Life
Tradename	$	83,929	15 years
Customer relationships	11,120		15 years
Technology	4,200		15 years
	$	99,249

The tradename was valued at $83.9 million using a multi-period excess earnings methodology. The customer relationships intangible asset was valued at $11.1 million using the distributor method, a variation of the multi-period 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 technology was valued at $4.2 million using a relief from royalty method.

Unaudited pro forma information

The following unaudited pro forma data for the three and six months ended June 30, 2020 and 2019 gives effect to the acquisition of Marucci, as described above, as if the acquisition had been completed as of January 1, 2019. 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.



	Three months ended				Six months ended
(in thousands)	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Net sales	333,892		349,759		689,576		709,982
Gross profit	117,471		129,651		249,318		260,302
Operating income	10,912		17,738		26,193		31,923
Net loss from continuing operations	(9,483	)	(7,361	)	(5,885	)	(21,685	)
Net loss from continuing operations attributable to Holdings	(10,422	)	(8,659	)	(8,132	)	(24,427	)
Basic and fully diluted net loss per share attributable to Holdings	(0.33	)	(0.38	)	(0.56	)	(0.72	)

Other acquisitions

Foam Fabricators

Subsequent to the end of the quarter, on July 1, 2020, Foam Fabricators acquired substantially all of the assets of Polyfoam Corp. ("Polyfoam"), a Massachusetts-based manufacturer of protective and temperature-sensitive packaging solutions for the medical, pharmaceutical, grocery and food industries, among others. Founded in 1974, Polyfoam operates two manufacturing facilities producing highly engineered foam and injection-molded plastic solutions across a variety of end-markets. The acquisition complements Foam Fabricators' current operating footprint and provides access to a new customer base and product offerings, including Polyfoam's significant end-market exposure to cold chain (including seafood boxes, insulated shipping containers and grocery delivery totes). The purchase price was approximately $12.8 million and includes a potential earnout of $1.4 million if Polyfoam achieves certain financial metrics.

Discontinued Operations

6 Months Ended

Jun. 30, 2020

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 Clean Earth

On May 8, 2019, the Company, as majority stockholder of CEHI Acquisition Corporation ("Clean Earth" or “CEHI”) and as Sellers’ Representative, entered into a definitive Stock Purchase Agreement (the “Purchase Agreement”) with Calrissian Holdings, LLC (“Buyer”), CEHI, the other holders of stock and options of CEHI and, as Buyer’s guarantor, Harsco Corporation, pursuant to which Buyer would acquire all of the issued and outstanding securities of CEHI, the parent company of the operating entity, Clean Earth, Inc.

On June 28, 2019, Buyer completed the acquisition of all of the issued and outstanding securities of CEHI pursuant to the Purchase Agreement. The sale price for Clean Earth was based on an aggregate total enterprise value of $625 million, subject to customary working capital adjustments. After the allocation of the sale proceeds to Clean Earth non-controlling equity holders, the repayment of intercompany loans to the Company (including accrued interest) of $224.6 million, and the payment of transaction expenses of approximately $10.7 million, the Company received approximately $327.3 million of total proceeds at closing related to our equity interests in Clean Earth. The Company recognized a gain on the sale of Clean Earth of $209.3 million during the year ended December 31, 2019.

Summarized results of operations of Clean Earth for the periods April 1, 2019 and January 1, 2019 through the date of disposition are as follows (in thousands):



	For the period April 1, 2019 through disposition			For the period January 1, 2019 through disposition
Net sales	$	69,105		$	132,737
Gross profit	23,045			39,678
Operating income	4,976			6,232
Income from continuing operations before income taxes	4,889			5,880
Benefit for income taxes	(10,585		)	(11,607		)
Income from discontinued operations ⁽¹⁾	$	15,474		$	17,487

⁽¹⁾The results of operations for the periods from April 1, 2019 through disposition and January 1, 2019 through disposition, excludes $5.6 million and $10.2 million, respectively, of intercompany interest expense.

Sale of Manitoba Harvest

On February 19, 2019, the Company entered into a definitive agreement with Tilray, Inc. ("Tilray") and a wholly-owned subsidiary of Tilray, 1197879 B.C. Ltd. (“Tilray Subco”), to sell to Tilray, through Tilray Subco, all of the issued and outstanding securities of our majority owned subsidiary, Manitoba Harvest, for total consideration of up to C$419 million. The completion of the sale of Manitoba Harvest was subject to approval by the British Columbia Supreme Court, which occurred on February 21, 2019. The sale closed on February 28, 2019. Subject to certain customary adjustments, the shareholders of Manitoba Harvest, including the Company, received 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 was six months after the closing date of the arrangement (the “Deferred Consideration”). The sale consideration also included a potential earnout of up to C$49 million in Tilray Common Stock to the Common Holders, if Manitoba Harvest achieved 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 threshold for the earnout was not achieved and no additional amount was recorded related to sale of Manitoba Harvest at 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. The Company recognized a gain on the sale of Manitoba Harvest of $121.7 million in the first quarter of 2019. In August 2019, the Company received the

Deferred Consideration related to the sale. The Company's portion of the Deferred Consideration totaled $28.4 million in cash proceeds and $19.6 million in Tilray Common Stock.

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 received as part of the Closing Consideration during March 2019, recognizing a net loss of $5.3 million in Other income/ (expense) during the quarter ended March 31, 2019. In August 2019, the Company sold the Tilray Common Stock received as part of the Deferred Consideration, recognizing a loss of $4.9 million in Other income/ (expense) during the quarter ended September 30, 2019.

Summarized results of operations of Manitoba Harvest for the period from January 1, 2019 through the date of disposition are as follows (in thousands):



	For the period January 1, 2019 through disposition
Net revenues	$	10,024
Gross profit	4,874
Operating loss	(1,118		)
Loss before income taxes	(1,127		)
Benefit for income taxes	(541		)
Income (loss) from discontinued operations ⁽¹⁾	$	(586	)

⁽¹⁾ The results of operations for the period from January 1, 2019 through the date of disposition excludes $1.0 million of intercompany interest expense.

Revenue

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenue

The following tables provide disaggregation of revenue by reportable segment geography for the three and six months ended June 30, 2020 and 2019 (in thousands):



	Three months ended June 30, 2020
	5.11		Ergo		Liberty		Marucci		Velocity		ACI		Arnold		Foam		Sterno		Total
United States	$	70,677	$	7,100	$	23,467	$	5,035	$	41,900	$	22,956	$	15,293	$	20,873	$	73,913	$	281,214
Canada	1,791		1,016		986		16		2,852		—		83		—		3,143		9,887
Europe	7,245		6,812		—		4		1,774		—		7,282		—		165		23,282
Asia Pacific	3,882		5,007		—		199		188		—		1,153		—		6		10,435
Other international	4,040		109		—		2		507		—		459		3,556		136		8,809
	$	87,635	$	20,044	$	24,453	$	5,256	$	47,221	$	22,956	$	24,270	$	24,429	$	77,363	$	333,627



	Three months ended June 30, 2019
	5.11		Ergo		Liberty		Velocity		ACI		Arnold		Foam		Sterno		Total
United States	$	76,864	$	6,898	$	20,000	$	24,953	$	22,439	$	17,635	$	26,538	$	82,608	$	277,935
Canada	2,650		827		633		1,774		—		184		—		3,184		9,252
Europe	5,872		7,544		—		1,632		—		9,056		—		253		24,357
Asia Pacific	3,164		7,530		—		203		—		1,541		—		418		12,856
Other international	4,286		172		—		1,049		—		1,065		5,110		2		11,684
	$	92,836	$	22,971	$	20,633	$	29,611	$	22,439	$	29,481	$	31,648	$	86,465	$	336,084



	Six months ended June 30, 2020
	5.11		Ergo		Liberty		Marucci		Velocity		ACI		Arnold		Foam		Sterno		Total
United States	$	143,104	$	13,358	$	48,123	$	5,035	$	67,779	$	44,652	$	33,856	$	44,460	$	153,928	$	554,295
Canada	3,265		1,716		1,290		16		4,772		—		239		—		6,071		17,369
Europe	13,552		12,599		—		4		3,472		—		15,610		—		223		45,460
Asia Pacific	7,393		10,910		—		199		434		—		2,548		—		34		21,518
Other international	16,102		1,110		—		2		1,154		—		1,575		8,352		139		28,434
	$	183,416	$	39,693	$	49,413	$	5,256	$	77,611	$	44,652	$	53,828	$	52,812	$	160,395	$	667,076



	Six months ended June 30, 2019
	5.11		Ergo		Liberty		Velocity		ACI		Arnold		Foam		Sterno		Total
United States	$	147,341	$	14,233	$	41,736	$	51,117	$	45,508	$	35,551	$	52,675	$	167,742	$	555,903
Canada	4,314		1,646		1,101		3,251		—		363		—		8,216		18,891
Europe	13,154		14,075		—		3,833		—		18,826		—		936		50,824
Asia Pacific	6,578		14,836		—		432		—		2,801		—		708		25,355
Other international	9,538		633		—		2,115		—		1,968		9,655		59		23,968
	$	180,925	$	45,423	$	42,837	$	60,748	$	45,508	$	59,509	$	62,330	$	177,661	$	674,941

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Subparagraph (b)
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Operating Segment Data

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Operating Segment Data

At June 30, 2020, 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 is a leading provider of purpose-built technical apparel and gear for law enforcement, firefighters, EMS, and military special operations as well as outdoor and adventure enthusiasts. 5.11 is a brand known for innovation and authenticity, and works directly with end users to create purpose-built apparel and gear designed to enhance the safety, accuracy, speed and performance of tactical professionals and enthusiasts worldwide. Headquartered in 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, strollers 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.

•

Marucci Sports is a leading designer, manufacturer, and marketer of premium wood and metal baseball bats, fielding gloves, batting gloves, bags, protective gear, sunglasses, on and off-field apparel, and other baseball and softball equipment used by professional and amateur athletes. Marucci also develops and licenses franchises for sports training facilities. Marucci is headquartered in Baton Rouge, Louisiana.

•

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, general industrial, motorsport/automotive, oil and gas, medical, energy, reprographics and advertising specialties. 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.

•

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. In July 2020, Foam Fabricators acquired the assets of Polyfoam, a Massachusetts-based manufacturer of protective and temperature-sensitive packaging solutions for the medical, pharmaceutical, grocery and food industries, among others. Foam Fabricators is headquartered in Scottsdale, Arizona and operates 14 molding and fabricating facilities across North America subsequent to the acquisition of Polyfoam.

•

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 June 30,				Six months ended June 30,
(in thousands)	2020		2019		2020		2019

5.11	$	87,635	$	92,836	$	183,416	$	180,925
Ergobaby	20,044		22,971		39,693		45,423
Liberty	24,453		20,633		49,413		42,837
Marucci	5,256		—		5,256		—
Velocity Outdoor	47,221		29,611		77,611		60,748
ACI	22,956		22,439		44,652		45,508
Arnold	24,270		29,481		53,828		59,509
Foam Fabricators	24,429		31,648		52,812		62,330
Sterno	77,363		86,465		160,395		177,661
Total segment revenue	333,627		336,084		667,076		674,941
Corporate and other	—		—		—		—
Total consolidated revenues	$	333,627	$	336,084	$	667,076	$	674,941



Segment profit (loss) ⁽¹⁾	Three months ended June 30,						Six months ended June 30,
(in thousands)	2020			2019			2020			2019

5.11	$	4,702		$	5,073		$	9,288		$	7,411
Ergobaby	2,026			2,795			3,580			5,931
Liberty	3,400			1,671			6,545			3,086
Marucci	(7,743		)	—			(7,743		)	—
Velocity Outdoor	3,998			(74		)	2,834			267
ACI	6,329			6,484			12,067			12,965
Arnold	1,443			2,227			3,096			3,704
Foam Fabricators	2,847			4,364			6,359			7,870
Sterno	3,963			8,115			9,232			16,097
Total	20,965			30,655			45,258			57,331
Reconciliation of segment profit (loss) to consolidated income (loss) before income taxes:
Interest expense, net	(11,174		)	(18,445		)	(19,771		)	(36,899		)
Other income (expense), net	(2,386		)	(90		)	(1,725		)	(524		)
Corporate and other ⁽²⁾	(8,122		)	(11,375		)	(19,377		)	(30,667		)
Total consolidated income (loss) before income taxes	$	(717	)	$	745		$	4,385		$	(10,759	)


⁽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 June 30, 2020				Six months ended June 30,
(in thousands)	2020		2019		2020		2019

5.11	$	5,286	$	5,298	$	10,438	$	10,455
Ergobaby	2,038		2,113		4,091		4,224
Liberty	415		390		821		797
Marucci	4,687		—		4,687		—
Velocity Outdoor	3,113		3,289		6,360		6,540
ACI	626		523		1,272		1,192
Arnold	1,641		1,580		3,272		3,202
Foam Fabricators	2,935		3,013		5,982		6,010
Sterno	5,639		5,545		11,263		10,917
Total	26,380		21,751		48,186		43,337
Reconciliation of segment to consolidated total:
Amortization of debt issuance costs, original issue discount and bond premium	554		1,080		1,079		2,159
Consolidated total	$	26,934	$	22,831	$	49,265	$	45,496



	Accounts Receivable						Identifiable Assets
	June 30,			December 31,			June 30,		December 31,
(in thousands)	2020			2019			2020 ⁽¹⁾		2019 ⁽¹⁾
5.11	$	43,240		$	49,543		$	365,683	$	357,292
Ergobaby	9,679			10,460			89,236		91,798
Liberty	13,144			13,574			37,501		38,558
Marucci	4,359			—			131,226		—
Velocity Outdoor	32,030			20,290			181,197		192,288
ACI	8,004			8,318			28,125		24,408
Arnold	16,347			19,043			73,382		72,650
Foam Fabricators	21,716			24,455			163,497		156,914
Sterno	58,723			60,522			239,266		263,530
Allowance for doubtful accounts	(15,065		)	(14,800		)	—		—
Total	192,177			191,405			1,309,113		1,197,438
Reconciliation of segment to consolidated total:
Corporate and other identifiable assets	—			—			133,982		64,531
Total	$	192,177		$	191,405		$	1,443,095	$	1,261,969

⁽¹⁾

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

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Property, Plant and Equipment and Inventory

6 Months Ended

Jun. 30, 2020

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 June 30, 2020 and December 31, 2019 (in thousands):



	June 30, 2020			December 31, 2019
Machinery and equipment	$	198,531		$	191,897
Furniture, fixtures and other	41,600			36,604
Leasehold improvements	44,893			40,851
Buildings and land	10,147			7,992
Construction in process	9,954			10,559
	305,125			287,903
Less: accumulated depreciation	(154,896		)	(141,475		)
Total	$	150,229		$	146,428

Depreciation expense was $8.6 million and $16.9 million for the three and six months ended June 30, 2020 and $8.2 million and $16.2 million for the three and six months ended June 30, 2019, respectively.

Inventory

Inventory is comprised of the following at June 30, 2020 and December 31, 2019 (in thousands):



	June 30, 2020			December 31, 2019
Raw materials	$	66,370		$	59,888
Work-in-process	14,354			14,318
Finished goods	257,883			262,352
Less: obsolescence reserve	(21,306		)	(19,252		)
Total	$	317,301		$	317,306

Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2020

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.

Goodwill

2020 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. We determined that the Ergobaby, Foam Fabricators and Velocity reporting units required additional quantitative testing because we could not conclude that the fair value of the reporting unit exceeded its carrying value based on qualitative factors alone. For the reporting units that were tested qualitatively for the 2020 annual impairment testing, the results of the qualitative analysis indicated that it is more likely than not that the fair value exceeded the carrying value of these reporting units.

The quantitative tests of Ergobaby, Foam Fabricators and Velocity were performed using an income approach to determine the fair value of the reporting units. For Ergobaby, the discount rate used in the income approach was 15.9% and the results of the quantitative impairment testing indicated that the fair value of the Ergobaby reporting unit exceeded the carrying value by 14.0%. For Foam Fabricators, the discount rate used in the income approach was 13.3%, and the results of the quantitative impairment testing indicated that the fair value of the Foam Fabricators reporting unit exceeded the carrying value by 3.8%. For Velocity, the discount rate used in the income approach was 12.8%, and the results of the quantitative impairment testing indicated that the fair value of the Velocity reporting unit exceeded the carrying value by 16.4%.

2019 Interim Impairment Testing

Velocity Outdoor

The Company performed interim quantitative impairment testing of Velocity Outdoor at September 30, 2019. As a result of operating results below forecasts in the current period as well as a re-forecast of the Velocity business in which planned earnings and revenue fell below the forecasts of prior periods, the Company determined that a triggering event occurred in the third quarter of 2019. The Company used an income approach for the impairment test, whereby we estimate the fair value of the reporting unit based on the present value of future cash flows. Cash flow projections are based on management's estimate of revenue growth rates and operating margins, and take into consideration industry and market conditions as well as company specific economic factors. The Company used a weighted average cost of capital of 12.2% in the income approach. The discount rate used was based on the weighted average cost of capital adjusted for the relevant risk associated with business specific characteristics and Velocity's ability to execute on the projected cash flows. Based on the results of the impairment test, the fair value of Velocity did not exceed the carrying value, indicating that the goodwill at Velocity was impaired. The difference between the carrying value and fair value of the Velocity business was $32.9 million, which the Company recorded as impairment expense in the consolidated statement of operations for the year ended December 31, 2019.

2019 Annual 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 used an income approach and market approach for the quantitative impairment test that was performed of the Liberty business at March 31, 2019, with equal weighting assigned to each. The discount rate used in the income approach was 14.8%. The results of the quantitative impairment testing indicated that the fair value of the Liberty reporting unit exceeded the carrying value. 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.

A summary of the net carrying value of goodwill at June 30, 2020 and December 31, 2019, is as follows (in thousands):



	Six months ended June 30, 2020			Year ended December 31, 2019
Goodwill - gross carrying amount	$	563,997		$	496,264
Accumulated impairment losses	(57,745		)	(57,745		)
Goodwill - net carrying amount	$	506,252		$	438,519

The following is a reconciliation of the change in the carrying value of goodwill for the six months ended June 30, 2020 by operating segment (in thousands):



	Balance at January 1, 2020		Acquisitions		Goodwill Impairment		Other		Balance at June 30, 2020
5.11	$	92,966	$	—	$	—	$	—	$	92,966
Ergobaby	61,031		—		—		—		61,031
Liberty	32,828		—		—		—		32,828
Marucci	—		67,733		—		—		67,733
Velocity Outdoor	30,079		—		—		—		30,079
ACI	58,019		—		—		—		58,019
Arnold	26,903		—		—		—		26,903
Foam Fabricators	72,708		—		—		—		72,708
Sterno	55,336		—		—		—		55,336
Corporate ⁽¹⁾	8,649		—		—		—		8,649
Total	$	438,519	$	67,733	$	—	$	—	$	506,252


⁽¹⁾	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 2020 and 2019. 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. The Ergobaby and Liberty reporting units have indefinite lived trade names that were tested in conjunction with the goodwill impairment tests at March 31, 2020 and March 31, 2019, respectively. The results of the quantitative impairment testing indicated that the trade names were not impaired.

Other intangible assets are comprised of the following at June 30, 2020 and December 31, 2019 (in thousands):



	June 30, 2020							December 31, 2019
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	473,807	$	(172,536	)	$	301,271	$	462,686	$	(155,200	)	$	307,486
Technology and patents	84,699		(31,458		)	53,241		80,082		(28,748		)	51,334
Trade names, subject to amortization	273,112		(54,571		)	218,541		189,183		(46,507		)	142,676
Licensing and non-compete agreements	7,515		(7,222		)	293		7,515		(7,050		)	465
Distributor relations and other	726		(726		)	—		726		(726		)	—
Total	839,859		(266,513		)	573,346		740,192		(238,231		)	501,961
Trade names, not subject to amortization	59,985		—			59,985		59,985		—			59,985
Total intangibles, net	$	899,844	$	(266,513	)	$	633,331	$	800,177	$	(238,231	)	$	561,946

Amortization expense related to intangible assets was $14.8 million and $28.3 million for the three and six months ended June 30, 2020, respectively and $13.5 million and $27.1 million for the three and six months ended June 30, 2019, respectively.

Estimated charges to amortization expense of intangible assets for the remainder of 2020 and the next four years, is as follows (in thousands):



2020		2021		2022		2023		2024

$	30,353	$	59,893	$	58,261	$	57,864	$	56,772

Warranties

6 Months Ended

Jun. 30, 2020

Guarantees [Abstract]

Warranties

The Company’s Ergobaby, Liberty, Marucci and Velocity Outdoor 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. Warranty liability is included in accrued expenses in the accompanying consolidated balance sheets. A reconciliation of the change in the carrying value of the Company’s warranty liability for the six months ended June 30, 2020 and the year ended December 31, 2019 is as follows (in thousands):



Warranty liability	Six months ended June 30, 2020			Year ended December 31, 2019

Beginning balance	$	1,583		$	1,624
Provision for warranties issued during the period	1,295			2,238
Fulfillment of warranty obligations	(1,388		)	(2,279		)
Other ⁽¹⁾	104			—
Ending balance	$	1,594		$	1,583

⁽¹⁾ Represents the warranty liability recorded in relation to the Marucci acquisition in April 2020.

Debt

6 Months Ended

Jun. 30, 2020

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 Credit Facility also permits the Company, prior to the applicable maturity date, to increase the revolving loan commitment and/or obtain additional term loans in an aggregate amount of up to $250 million (the “Incremental Loans”), subject to certain restrictions and conditions.

2018 Revolving Credit Facility

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 Company may borrow, prepay and reborrow principal under the 2018 Revolving Credit Facility from time to time during its term.

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.

2018 Term Loan

The 2018 Term Loan was issued at an original issuance discount of 99.75%. The 2018 Term Loan required 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. In July 2019, the Company repaid approximately $193.8 million of the 2018 Term Loan using a portion of the proceeds received from the sale of Clean Earth, and in November 2019, the Company repaid the remaining $298.8 million balance due under the 2018 Term Loan.

Net availability under the 2018 Revolving Credit Facility was approximately $598.8 million at June 30, 2020. Letters of credit outstanding at June 30, 2020 totaled approximately $1.2 million. At June 30, 2020, the Company was in compliance with all covenants as defined in the 2018 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 “Existing 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 Existing 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.

On May 7, 2020, the Company consummated the issuance and sale of $200 million aggregate principal amount of its 8.000% Senior Notes due 2026 (the "Additional Notes", and, together with the Existing Notes, the "Senior Notes"). The Additional Notes were issued under the Indenture between the Company and U.S. Bank National Association, as trustee. The proceeds from the Additional Notes were used to pay down the amount outstanding on the Company's 2018 Revolving Credit Facility. The Additional Notes were issued at 101% of par value and the resulting $2 million premium will be amortized over the remaining term of the Additional Notes.

The Senior Notes bear interest at the rate of 8.000% per annum and will mature on May 1, 2026. Interest on the Senior Notes is payable in cash on May 1st and November 1st of each year. The first interest payment date on the Additional Notes will be November 1, 2020. The Senior 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 Senior 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 Senior 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 June 30, 2020 and December 31, 2019 (in thousands):



	June 30, 2020			December 31, 2019
Senior Notes	$	600,000		$	400,000
Less: Unamortized premiums and debt issuance costs	(8,213		)	(5,555		)
Long term debt	$	591,787		$	394,445

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

Fair Value Hierarchy Level

June 30, 2020

Maturity Date

Rate

Carrying Value

Fair Value

Senior Notes

May 1, 2026

8.000

600,000

615,000

Debt Issuance Costs

Deferred debt issuance costs represent the costs associated with the issuance of the Company's financing arrangements. In connection with the Additional Notes offering in May 2020, the Company recorded $3.2 million in deferred financing costs.

Since the Company can borrow, repay and reborrow principal under the 2018 Revolving Credit Facility, the debt issuance costs associated with the 2018 Revolving Credit Facility have been classified as other non-current assets in the accompanying consolidated balance sheet. The debt issuance costs associated with the Senior Notes are classified as a reduction of long-term debt in the accompanying consolidated balance sheet.

The following table summarizes unamortized premiums and debt issuance costs at June 30, 2020 and December 31, 2019, and the balance sheet classification in each of the periods presents (in thousands):



	June 30, 2020			December 31, 2019
Unamortized premiums and debt issuance costs	$	16,433		$	13,252
Accumulated amortization	(4,802		)	(3,667		)
Unamortized premiums and debt issuance costs, net	$	11,631		$	9,585

Balance sheet classification:
Other noncurrent assets	$	3,418		$	4,030
Long-term debt	8,213			5,555
	$	11,631		$	9,585

Stockholders' Equity

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

Trust Common Shares

The Trust is authorized to issue 500,000,000 Trust common shares and the Company is authorized to issue a corresponding number of trust interests. The Company will at all times have the identical number of trust 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.

Secondary Offering

In May 2020, the Company completed an offering of 5,000,000 Trust common shares at a public offering price of $17.60 per share. The net proceeds to the Company, after deducting the underwriter's discount and offering costs, totaled approximately $83.9 million.

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 C Preferred Shares

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

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 and at June 30, 2020, $1.3 million of Series B distributions are accumulated and unpaid. Unless full cumulative distributions on the Series B Preferred Shares have been or contemporaneously are declared and set apart for payment of the Series B Preferred Shares for all past distribution periods, no distribution may be declared or paid for payment on the Trust common shares. The Series B Preferred Shares are not convertible into Trust common shares and have no voting rights, except in limited circumstances as provided for in the share designation for the 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.

Holding Event

The five-year anniversary of the acquisition of Sterno Products occurred in October 2019 which represented a Holding Event. The Company declared and paid a distribution to the Allocation Member of $9.1 million in February 2020. The ten-year anniversary of Liberty occurred in March 2020 which represented a Holding Event. The Holders elected to defer the distribution of $3.3 million until after the end of 2020.

Sale Events

The sales of Manitoba Harvest in February 2019 and Clean Earth in June 2019 each qualified as a Sale Event under the Company's LLC Agreement. During the second quarter of 2019, the Company declared and paid a distribution to the Allocation Member of $8.0 million related to the sale of Manitoba Harvest and working capital settlements from prior Sale Events. 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. During the third quarter of 2019, the Company declared and paid a distribution to the Allocation Member of $43.3 million related to the sale of Clean Earth. During the fourth quarter of 2019, the Company declared and paid a distribution to the Allocation Member of $9.1 million related to the Deferred Consideration from the Manitoba Harvest sale and the working capital settlement received from the sale of Clean Earth.

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 June 30,						Six months ended June 30,
	2020			2019			2020			2019
Net loss from continuing operations attributable to Holdings	$	(8,437	)	$	(5,193	)	$	(4,772	)	$	(19,489	)
Less: Distributions paid - Allocation Interests	—			7,983			9,087			7,983
Less: Distributions paid - Preferred Shares	6,045			3,782			11,587			7,563
Less: Accrued distributions - Preferred Shares	2,869			1,334			2,869			1,334
Net loss from continuing operations attributable to common shares of Holdings	$	(17,351	)	$	(18,292	)	$	(28,315	)	$	(36,369	)

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 and six months ended June 30, 2020 and 2019 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 and six months ended June 30, 2020 and 2019 attributable to the common shares of Holdings is calculated as follows (in thousands, except per share data):



	Three months ended June 30,						Six months ended June 30,
	2020			2019			2020			2019
Loss from continuing operations attributable to common shares of Holdings	$	(17,351	)	$	(18,292	)	$	(28,315	)	$	(36,369	)
Less: Effect of contribution based profit - Holding Event	1,249			896			2,537			1,853
Loss from continuing operations attributable to common shares of Holdings	$	(18,600	)	$	(19,188	)	$	(30,852	)	$	(38,222	)

Income from discontinued operations attributable to Holdings	$	—		$	221,727		$	—		$	345,331
Less: Effect of contribution based profit - Holding Event	—			—			—			—
Income from discontinued operations attributable to common shares of Holdings	$	—		$	221,727		$	—		$	345,331

Basic and diluted weighted average common shares outstanding	62,844			59,900			61,364			59,900

Basic and fully diluted income (loss) per common share attributable to Holdings
Continuing operations	$	(0.30	)	$	(0.32	)	$	(0.50	)	$	(0.64	)
Discontinued operations	—			3.70			—			5.77
	$	(0.30	)	$	3.38		$	(0.50	)	$	5.13

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:
April 1, 2020 - June 30, 2020 ⁽¹⁾	$	0.36	$	23,364	July 16, 2020	July 23, 2020
January 1, 2020 - March 31, 2020	$	0.36	$	21,564	April 16, 2020	April 23, 2020
October 1, 2019 - December 31, 2019	$	0.36	$	21,564	January 16, 2020	January 23, 2020
July 1, 2019 - September 30, 2019	$	0.36	$	21,564	October 17, 2019	October 24, 2019
April 1, 2019 - June 30, 2019	$	0.36	$	21,564	July 18, 2019	July 25, 2019
January 1, 2019 - March 31, 2019	$	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

Series A Preferred Shares:
April 30, 2020 - July 29, 2020 ⁽¹⁾	$	0.453125	$	1,813	July 15, 2020	July 30, 2020
January 30, 2020 - April 29, 2020	$	0.453125	$	1,813	April 15, 2020	April 30, 2020
October 30, 2019 - January 29, 2020	$	0.453125	$	1,813	January 15, 2020	January 30, 2020
July 30, 2019 - October 29, 2019	$	0.453125	$	1,813	October 15, 2019	October 30, 2019
April 30, 2019 - July 29, 2019	$	0.453125	$	1,813	July 15, 2019	July 30, 2019
January 30, 2019 - April 29, 2019	$	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

Series B Preferred Shares:
April 30, 2020 - July 29, 2020 ⁽¹⁾	$	0.4921875	$	1,969	July 15, 2020	July 30, 2020
January 30, 2020 - April 29, 2020	$	0.4921875	$	1,969	April 15, 2020	April 30, 2020
October 30, 2019 - January 29, 2020	$	0.4921875	$	1,969	January 15, 2020	January 30, 2020
July 30, 2019 - October 29, 2019	$	0.4921875	$	1,969	October 15, 2019	October 30, 2019
April 30, 2019 - July 29, 2019	$	0.4921875	$	1,969	July 15, 2019	July 30, 2019
January 30, 2019 - April 29, 2019	$	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

Series C Preferred Shares:
April 30, 2020 - July 29, 2020 ⁽¹⁾	$	0.4921875	$	2,264	July 15, 2020	July 30, 2020
January 30, 2020 - April 29, 2020	$	0.4921875	$	2,264	April 15, 2020	April 30, 2020
November 20, 2019 - January 29, 2020	$	0.38281	$	1,531	January 15, 2020	January 30, 2020

⁽¹⁾ This distribution was declared on July 2, 2020.

Noncontrolling Interest

6 Months Ended

Jun. 30, 2020

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 June 30, 2020 and December 31, 2019:



	% Ownership ⁽¹⁾ June 30, 2020		% Ownership ⁽¹⁾ December 31, 2019
	Primary	Fully Diluted	Primary	Fully Diluted
5.11	97.6	88.7	97.6	88.9
Ergobaby	81.9	75.8	81.9	75.8
Liberty	91.2	86.0	91.2	86.0
Marucci	92.2	83.8	N/a	N/a
Velocity Outdoor	99.3	88.0	99.3	93.9
ACI	69.3	65.4	69.4	65.4
Arnold	96.7	81.4	96.7	80.2
Foam Fabricators	100.0	91.5	100.0	91.5
Sterno	100.0	88.5	100.0	88.5


⁽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)	June 30, 2020			December 31, 2019
5.11	$	13,042		$	12,056
Ergobaby	27,663			27,036
Liberty	3,254			2,936
Marucci	10,721			—
Velocity Outdoor	3,430			2,506
ACI	6,336			3,670
Arnold	1,340			1,255
Foam Fabricators	2,388			1,873
Sterno	(458		)	(884		)
Allocation Interests	100			100
	$	67,816		$	50,548

Fair Value Measurement

6 Months Ended

Jun. 30, 2020

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 June 30, 2020 and December 31, 2019 (in thousands):



	Fair Value Measurements at June 30, 2020
	Carrying Value			Level 1		Level 2		Level 3
Liabilities:
Put option of noncontrolling shareholders ⁽¹⁾	$	(215	)	$	—	$	—	$	(215	)
Total recorded at fair value	$	(215	)	$	—	$	—	$	(215	)


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



	Fair Value Measurements at December 31, 2019
	Carrying Value			Level 1		Level 2		Level 3
Liabilities:
Put option of noncontrolling shareholders ⁽¹⁾	$	(111	)	$	—	$	—	$	(111	)
Total recorded at fair value	$	(111	)	$	—	$	—	$	(111	)


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

Reconciliations of the change in the carrying value of the Level 3 fair value measurements from January 1, 2019 through June 30, 2020 are as follows (in thousands):



	Level 3
Balance at January 1, 2019	$	(4,547	)
Decrease in the fair value of put option of noncontrolling shareholder - Liberty	72
Increase in the fair value of put option of noncontrolling shareholder - 5.11	(10		)
Adjustment to Ravin contingent consideration ⁽¹⁾	(2,022		)
Payment of contingent consideration - Ravin ⁽¹⁾	6,396
Balance at December 31, 2019	$	(111	)
Increase in the fair value of put option of noncontrolling shareholder - Liberty	(63		)
Increase in the fair value of put option of noncontrolling shareholder - 5.11	(41		)
Balance at June 30, 2020	$	(215	)

⁽¹⁾ The contingent consideration related to Velocity's acquisition of Ravin in September 2018. The purchase price of Ravin included a potential earn-out of up to $25.0 million contingent on the achievement of 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 $6.4 million and paid out during the year ended December 31, 2019.

Valuation Techniques

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 year ended December 31, 2019.

Nonrecurring Fair Value Measurements

There were no assets or liabilities measured on a non-recurring basis during the quarter ended June 30, 2020. The following table provides the assets and liabilities carried at fair value measured on a non-recurring basis as of December 31, 2019. Refer to "Note G – Goodwill and Other Intangible Assets", for a description of the valuation techniques used to determine fair value of the assets measured on a non-recurring basis in the table below.



									Expense
	Fair Value Measurements at December 31, 2019								Year ended
(in thousands)	Carrying Value		Level 1		Level 2		Level 3		December 31, 2019
Goodwill - Velocity Outdoor	$	30,079	$	—	$	—	$	30,079	$	32,881

- 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

6 Months Ended

Jun. 30, 2020

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 six months ended June 30, 2020 and 2019 is as follows:



	Six months ended June 30,
	2020		2019
United States Federal Statutory Rate	21.0	%	(21.0	)%
State income taxes (net of Federal benefits)	80.0		8.5
Foreign income taxes	(7.6	)	3.0
Expenses of Compass Group Diversified Holdings LLC representing a pass through to shareholders ⁽¹⁾	16.9		47.9
Impact of subsidiary employee stock options	141.5		5.2
Credit utilization	(55.8	)	(4.8	)
Non-recognition of NOL carryforwards at subsidiaries	(54.9	)	9.5
Effect of Tax Act	10.0		7.0
Other	5.6		0.2
Effective income tax rate	156.7	%	55.5	%

⁽¹⁾

The effective income tax rate for the six months ended June 30, 2020 and 2019 includes a loss at the Company's parent, which is taxed as a partnership.

- Definition

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

+ References + Details

Defined Benefit Plan

6 Months Ended

Jun. 30, 2020

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 $4.5 million is recognized in the consolidated balance sheet as a component of other non-current liabilities at June 30, 2020. Net periodic benefit cost consists of the following for the three and six months ended June 30, 2020 and 2019 (in thousands):



	Three months ended June 30,						Six months ended June 30,
	2020			2019			2020			2019
Service cost	$	138		$	127		$	277		$	256
Interest cost	7			33			15			66
Expected return on plan assets	(20		)	(40		)	(41		)	(80		)
Amortization of unrecognized loss	56			34			113			69
Net periodic benefit cost	$	181		$	154		$	364		$	311

During the six months ended June 30, 2020, per the terms of the pension agreement, Arnold contributed $0.2 million to the plan. For the remainder of 2020, the expected contribution to the plan will be approximately $0.2 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 June 30, 2020 were considered Level 3.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2020

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 June 30, 2020. In the three and six months ended June 30, 2020, the Company recognized $7.6 million and $14.9 million, respectively, in expense related to operating leases in the condensed consolidated statements of operations.

The maturities of lease liabilities at June 30, 2020 were as follows (in thousands):



2020 (excluding six months ended June 30, 2020)	$	12,318
2021	26,249
2022	24,057
2023	17,247
2024	13,382
Thereafter	42,455
Total undiscounted lease payments	$	135,708
Less: Interest	37,124
Present value of lease liabilities	$	98,584

The calculated amount of the right-of-use assets and lease liabilities in the table above are impacted by the length of the lease term and discount rate used to present value the minimum lease payments. The Company's lease agreements often include one or more options to renew at the company's discretion. In general, it is not reasonably certain that lease renewals will be exercised at lease commencement and therefore lease renewals are not included in the lease term. 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.

The weighted average remaining lease terms and discount rates for all of our operating leases were as follows as of June 30, 2020:



Lease Term and Discount Rate
Weighted-average remaining lease term (years)	6.18
Weighted-average discount rate	7.68	%

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



	Line Item in the Company’s Consolidated Balance Sheet	June 30, 2020

Operating lease right-of-use assets	Other non-current assets	$	94,765
Current portion, operating lease liabilities	Other current liabilities	$	19,981
Operating lease liabilities	Other non-current liabilities	$	78,603

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



	Six months ended June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	14,924
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	6,630

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Management Services Agreement The Company entered into the MSA with CGM effective May 16, 2006. The MSA provides for, among other things, CGM to perform services for the Company in exchange for a management fee paid quarterly and equal to 0.5% of the Company's adjusted net assets, as defined in the MSA. Concurrent with the June 2019 sale of Clean Earth (refer to Note C - Discontinued Operations), CGM agreed to waive the management fee on cash balances held at the Company, commencing with the quarter ended June 30, 2019 and continuing until the quarter during which the Company next borrowed under the 2018 Revolving Credit Facility. In March 2020, as a proactive measure to provide the Company with additional cash liquidity in light of the COVID-19 pandemic, the Company elected to draw down $200 million on our 2018 Revolving Credit Facility. The Company and CGM entered into a waiver agreement whereby CGM agreed to waive the portion of the management fee attributable to the cash balances held at the Company as of March 31, 2020. In addition, due to the unprecedented uncertainty as a result of the COVID-19 pandemic, CGM agreed to waive 50% of the management fee calculated at June 30, 2020 that was paid in July 2020. Integration Services Agreements Marucci Sports, which was acquired in April 2020, entered into an Integration Services Agreement ("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. CGM will receive integration service fees of $2.0 million payable quarterly over a twelve month period as services are rendered beginning in the quarter ended September 30, 2020. Foam Fabricators, which was acquired in 2018, entered into an ISA with CGM. Foam Fabricators paid CGM $2.3 million over the term of the ISA, with $2.0 million paid in 2018 and $0.3 million in 2019. Integration service fees are included in selling, general and administrative expense on the subsidiaries' statement of operations in the period in which they are incurred. The Company and its businesses have the following significant related party transactions: 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. 5.11 purchased approximately $1.0 million and $1.5 million during the three and six months ended June 30, 2020, respectively, and $0.8 million and $2.1 million, during the three and six months ended June 30, 2019, respectively, in inventory from the vendor.

Presentation and Principles of Consolidation (Policies)	6 Months Ended
Presentation and Principles of Consolidation (Policies)	Jun. 30, 2020
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 In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU No. 2016-13, Financial Instruments—Credit Losses, which requires companies to present assets held at amortized cost, trade receivables 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 was effective for fiscal years and interim periods beginning after December 15, 2019, with early adoption permitted. The adoption of this guidance on January 1, 2020 did not have a material impact on our consolidated financial statements. Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This guidance removes certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences. This guidance also clarifies and simplifies other areas of ASC 740. The guidance will be effective for fiscal years and interim periods beginning after December 15, 2021 and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on our consolidated financial statements.
Revenue	he Company recognizes revenue in accordance with the provisions of Revenue from Contracts with Customers, or ASC 606. 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 - 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)	6 Months Ended
	Jun. 30, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Groups, Including Discontinued Operations	Sale of Manitoba Harvest On February 19, 2019, the Company entered into a definitive agreement with Tilray, Inc. ("Tilray") and a wholly-owned subsidiary of Tilray, 1197879 B.C. Ltd. (“Tilray Subco”), to sell to Tilray, through Tilray Subco, all of the issued and outstanding securities of our majority owned subsidiary, Manitoba Harvest, for total consideration of up to C$419 million. The completion of the sale of Manitoba Harvest was subject to approval by the British Columbia Supreme Court, which occurred on February 21, 2019. The sale closed on February 28, 2019. Subject to certain customary adjustments, the shareholders of Manitoba Harvest, including the Company, received 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 was six months after the closing date of the arrangement (the “Deferred Consideration”). The sale consideration also included a potential earnout of up to C$49 million in Tilray Common Stock to the Common Holders, if Manitoba Harvest achieved 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 threshold for the earnout was not achieved and no additional amount was recorded related to sale of Manitoba Harvest at 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. The Company recognized a gain on the sale of Manitoba Harvest of $121.7 million in the first quarter of 2019. In August 2019, the Company received the Deferred Consideration related to the sale. The Company's portion of the Deferred Consideration totaled $28.4 million in cash proceeds and $19.6 million in Tilray Common Stock. 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 received as part of the Closing Consideration during March 2019, recognizing a net loss of $5.3 million in Other income/ (expense) during the quarter ended March 31, 2019.
Discontinued Operations, Policy [Policy Text Block]	Discontinued Operations During the first quarter of 2019, the Company completed the sale of FHF Holdings Ltd. ("Manitoba Harvest"), the parent company of Fresh Hemp Foods Ltd. Additionally, during the second quarter of 2019, the Company completed the sale of CEHI Acquisition Corp. ("Clean Earth"), the parent company of Clean Earth Holdings, Inc. and Clean Earth Inc. The results of operations of Manitoba Harvest and Clean Earth are reported as discontinued operations in the condensed consolidated statements of operations for the three and six months ended June 30, 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.

- 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

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+ Details

Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2020

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

Disposal Groups, Including Discontinued Operations

Sale of Manitoba Harvest

Deferred Consideration related to the sale. The Company's portion of the Deferred Consideration totaled $28.4 million in cash proceeds and $19.6 million in Tilray Common Stock.

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 Clean Earth

Summarized results of operations of Clean Earth for the periods April 1, 2019 and January 1, 2019 through the date of disposition are as follows (in thousands):



	For the period April 1, 2019 through disposition			For the period January 1, 2019 through disposition
Net sales	$	69,105		$	132,737
Gross profit	23,045			39,678
Operating income	4,976			6,232
Income from continuing operations before income taxes	4,889			5,880
Benefit for income taxes	(10,585		)	(11,607		)
Income from discontinued operations ⁽¹⁾	$	15,474		$	17,487

Sale of Manitoba Harvest

Deferred Consideration related to the sale. The Company's portion of the Deferred Consideration totaled $28.4 million in cash proceeds and $19.6 million in Tilray Common Stock.

Summarized results of operations of Manitoba Harvest for the period from January 1, 2019 through the date of disposition are as follows (in thousands):



	For the period January 1, 2019 through disposition
Net revenues	$	10,024
Gross profit	4,874
Operating loss	(1,118		)
Loss before income taxes	(1,127		)
Benefit for income taxes	(541		)
Income (loss) from discontinued operations ⁽¹⁾	$	(586	)

⁽¹⁾ The results of operations for the period from January 1, 2019 through the date of disposition excludes $1.0 million of intercompany interest expense.

Disposal Groups, Including Discontinued Operations

Summarized results of operations of Manitoba Harvest for the period from January 1, 2019 through the date of disposition are as follows (in thousands):



	For the period January 1, 2019 through disposition
Net revenues	$	10,024
Gross profit	4,874
Operating loss	(1,118		)
Loss before income taxes	(1,127		)
Benefit for income taxes	(541		)
Income (loss) from discontinued operations ⁽¹⁾	$	(586	)

⁽¹⁾ The results of operations for the period from January 1, 2019 through the date of disposition excludes $1.0 million of intercompany interest expense.

- Definition

+ References

+ Details

Revenue (Tables)

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables provide disaggregation of revenue by reportable segment geography for the three and six months ended June 30, 2020 and 2019 (in thousands):



	Three months ended June 30, 2020
	5.11		Ergo		Liberty		Marucci		Velocity		ACI		Arnold		Foam		Sterno		Total
United States	$	70,677	$	7,100	$	23,467	$	5,035	$	41,900	$	22,956	$	15,293	$	20,873	$	73,913	$	281,214
Canada	1,791		1,016		986		16		2,852		—		83		—		3,143		9,887
Europe	7,245		6,812		—		4		1,774		—		7,282		—		165		23,282
Asia Pacific	3,882		5,007		—		199		188		—		1,153		—		6		10,435
Other international	4,040		109		—		2		507		—		459		3,556		136		8,809
	$	87,635	$	20,044	$	24,453	$	5,256	$	47,221	$	22,956	$	24,270	$	24,429	$	77,363	$	333,627



	Three months ended June 30, 2019
	5.11		Ergo		Liberty		Velocity		ACI		Arnold		Foam		Sterno		Total
United States	$	76,864	$	6,898	$	20,000	$	24,953	$	22,439	$	17,635	$	26,538	$	82,608	$	277,935
Canada	2,650		827		633		1,774		—		184		—		3,184		9,252
Europe	5,872		7,544		—		1,632		—		9,056		—		253		24,357
Asia Pacific	3,164		7,530		—		203		—		1,541		—		418		12,856
Other international	4,286		172		—		1,049		—		1,065		5,110		2		11,684
	$	92,836	$	22,971	$	20,633	$	29,611	$	22,439	$	29,481	$	31,648	$	86,465	$	336,084



	Six months ended June 30, 2020
	5.11		Ergo		Liberty		Marucci		Velocity		ACI		Arnold		Foam		Sterno		Total
United States	$	143,104	$	13,358	$	48,123	$	5,035	$	67,779	$	44,652	$	33,856	$	44,460	$	153,928	$	554,295
Canada	3,265		1,716		1,290		16		4,772		—		239		—		6,071		17,369
Europe	13,552		12,599		—		4		3,472		—		15,610		—		223		45,460
Asia Pacific	7,393		10,910		—		199		434		—		2,548		—		34		21,518
Other international	16,102		1,110		—		2		1,154		—		1,575		8,352		139		28,434
	$	183,416	$	39,693	$	49,413	$	5,256	$	77,611	$	44,652	$	53,828	$	52,812	$	160,395	$	667,076



	Six months ended June 30, 2019
	5.11		Ergo		Liberty		Velocity		ACI		Arnold		Foam		Sterno		Total
United States	$	147,341	$	14,233	$	41,736	$	51,117	$	45,508	$	35,551	$	52,675	$	167,742	$	555,903
Canada	4,314		1,646		1,101		3,251		—		363		—		8,216		18,891
Europe	13,154		14,075		—		3,833		—		18,826		—		936		50,824
Asia Pacific	6,578		14,836		—		432		—		2,801		—		708		25,355
Other international	9,538		633		—		2,115		—		1,968		9,655		59		23,968
	$	180,925	$	45,423	$	42,837	$	60,748	$	45,508	$	59,509	$	62,330	$	177,661	$	674,941

Operating Segment Data (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Summary of Net Sales of Operating Segments



Net Revenues	Three months ended June 30,				Six months ended June 30,
(in thousands)	2020		2019		2020		2019

5.11	$	87,635	$	92,836	$	183,416	$	180,925
Ergobaby	20,044		22,971		39,693		45,423
Liberty	24,453		20,633		49,413		42,837
Marucci	5,256		—		5,256		—
Velocity Outdoor	47,221		29,611		77,611		60,748
ACI	22,956		22,439		44,652		45,508
Arnold	24,270		29,481		53,828		59,509
Foam Fabricators	24,429		31,648		52,812		62,330
Sterno	77,363		86,465		160,395		177,661
Total segment revenue	333,627		336,084		667,076		674,941
Corporate and other	—		—		—		—
Total consolidated revenues	$	333,627	$	336,084	$	667,076	$	674,941

Summary of Profit (Loss) of Operating Segments



Segment profit (loss) ⁽¹⁾	Three months ended June 30,						Six months ended June 30,
(in thousands)	2020			2019			2020			2019

5.11	$	4,702		$	5,073		$	9,288		$	7,411
Ergobaby	2,026			2,795			3,580			5,931
Liberty	3,400			1,671			6,545			3,086
Marucci	(7,743		)	—			(7,743		)	—
Velocity Outdoor	3,998			(74		)	2,834			267
ACI	6,329			6,484			12,067			12,965
Arnold	1,443			2,227			3,096			3,704
Foam Fabricators	2,847			4,364			6,359			7,870
Sterno	3,963			8,115			9,232			16,097
Total	20,965			30,655			45,258			57,331
Reconciliation of segment profit (loss) to consolidated income (loss) before income taxes:
Interest expense, net	(11,174		)	(18,445		)	(19,771		)	(36,899		)
Other income (expense), net	(2,386		)	(90		)	(1,725		)	(524		)
Corporate and other ⁽²⁾	(8,122		)	(11,375		)	(19,377		)	(30,667		)
Total consolidated income (loss) before income taxes	$	(717	)	$	745		$	4,385		$	(10,759	)


⁽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 June 30, 2020				Six months ended June 30,
(in thousands)	2020		2019		2020		2019

5.11	$	5,286	$	5,298	$	10,438	$	10,455
Ergobaby	2,038		2,113		4,091		4,224
Liberty	415		390		821		797
Marucci	4,687		—		4,687		—
Velocity Outdoor	3,113		3,289		6,360		6,540
ACI	626		523		1,272		1,192
Arnold	1,641		1,580		3,272		3,202
Foam Fabricators	2,935		3,013		5,982		6,010
Sterno	5,639		5,545		11,263		10,917
Total	26,380		21,751		48,186		43,337
Reconciliation of segment to consolidated total:
Amortization of debt issuance costs, original issue discount and bond premium	554		1,080		1,079		2,159
Consolidated total	$	26,934	$	22,831	$	49,265	$	45,496



	Accounts Receivable						Identifiable Assets
	June 30,			December 31,			June 30,		December 31,
(in thousands)	2020			2019			2020 ⁽¹⁾		2019 ⁽¹⁾
5.11	$	43,240		$	49,543		$	365,683	$	357,292
Ergobaby	9,679			10,460			89,236		91,798
Liberty	13,144			13,574			37,501		38,558
Marucci	4,359			—			131,226		—
Velocity Outdoor	32,030			20,290			181,197		192,288
ACI	8,004			8,318			28,125		24,408
Arnold	16,347			19,043			73,382		72,650
Foam Fabricators	21,716			24,455			163,497		156,914
Sterno	58,723			60,522			239,266		263,530
Allowance for doubtful accounts	(15,065		)	(14,800		)	—		—
Total	192,177			191,405			1,309,113		1,197,438
Reconciliation of segment to consolidated total:
Corporate and other identifiable assets	—			—			133,982		64,531
Total	$	192,177		$	191,405		$	1,443,095	$	1,261,969

⁽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)

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Summary of Property, Plant and Equipment



	June 30, 2020			December 31, 2019
Machinery and equipment	$	198,531		$	191,897
Furniture, fixtures and other	41,600			36,604
Leasehold improvements	44,893			40,851
Buildings and land	10,147			7,992
Construction in process	9,954			10,559
	305,125			287,903
Less: accumulated depreciation	(154,896		)	(141,475		)
Total	$	150,229		$	146,428

Summary of Inventory

Inventory is comprised of the following at June 30, 2020 and December 31, 2019 (in thousands):



	June 30, 2020			December 31, 2019
Raw materials	$	66,370		$	59,888
Work-in-process	14,354			14,318
Finished goods	257,883			262,352
Less: obsolescence reserve	(21,306		)	(19,252		)
Total	$	317,301		$	317,306

Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30, 2020 and December 31, 2019, is as follows (in thousands):



	Six months ended June 30, 2020			Year ended December 31, 2019
Goodwill - gross carrying amount	$	563,997		$	496,264
Accumulated impairment losses	(57,745		)	(57,745		)
Goodwill - net carrying amount	$	506,252		$	438,519

The following is a reconciliation of the change in the carrying value of goodwill for the six months ended June 30, 2020 by operating segment (in thousands):



	Balance at January 1, 2020		Acquisitions		Goodwill Impairment		Other		Balance at June 30, 2020
5.11	$	92,966	$	—	$	—	$	—	$	92,966
Ergobaby	61,031		—		—		—		61,031
Liberty	32,828		—		—		—		32,828
Marucci	—		67,733		—		—		67,733
Velocity Outdoor	30,079		—		—		—		30,079
ACI	58,019		—		—		—		58,019
Arnold	26,903		—		—		—		26,903
Foam Fabricators	72,708		—		—		—		72,708
Sterno	55,336		—		—		—		55,336
Corporate ⁽¹⁾	8,649		—		—		—		8,649
Total	$	438,519	$	67,733	$	—	$	—	$	506,252

⁽¹⁾

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 June 30, 2020 and December 31, 2019 (in thousands):



	June 30, 2020							December 31, 2019
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	473,807	$	(172,536	)	$	301,271	$	462,686	$	(155,200	)	$	307,486
Technology and patents	84,699		(31,458		)	53,241		80,082		(28,748		)	51,334
Trade names, subject to amortization	273,112		(54,571		)	218,541		189,183		(46,507		)	142,676
Licensing and non-compete agreements	7,515		(7,222		)	293		7,515		(7,050		)	465
Distributor relations and other	726		(726		)	—		726		(726		)	—
Total	839,859		(266,513		)	573,346		740,192		(238,231		)	501,961
Trade names, not subject to amortization	59,985		—			59,985		59,985		—			59,985
Total intangibles, net	$	899,844	$	(266,513	)	$	633,331	$	800,177	$	(238,231	)	$	561,946

Summary of Estimated Charges to Amortization Expense of Intangible Assets

Estimated charges to amortization expense of intangible assets for the remainder of 2020 and the next four years, is as follows (in thousands):



2020		2021		2022		2023		2024

$	30,353	$	59,893	$	58,261	$	57,864	$	56,772

Warranties (Tables)

6 Months Ended

Jun. 30, 2020

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 six months ended June 30, 2020 and the year ended December 31, 2019 is as follows (in thousands):



Warranty liability	Six months ended June 30, 2020			Year ended December 31, 2019

Beginning balance	$	1,583		$	1,624
Provision for warranties issued during the period	1,295			2,238
Fulfillment of warranty obligations	(1,388		)	(2,279		)
Other ⁽¹⁾	104			—
Ending balance	$	1,594		$	1,583

Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Summary of Debt Holdings

he following table provides the Company’s debt holdings at June 30, 2020 and December 31, 2019 (in thousands):



	June 30, 2020			December 31, 2019
Senior Notes	$	600,000		$	400,000
Less: Unamortized premiums and debt issuance costs	(8,213		)	(5,555		)
Long term debt	$	591,787		$	394,445

Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Summary of Basic and Diluted Earnings Per Share



	Three months ended June 30,						Six months ended June 30,
	2020			2019			2020			2019
Loss from continuing operations attributable to common shares of Holdings	$	(17,351	)	$	(18,292	)	$	(28,315	)	$	(36,369	)
Less: Effect of contribution based profit - Holding Event	1,249			896			2,537			1,853
Loss from continuing operations attributable to common shares of Holdings	$	(18,600	)	$	(19,188	)	$	(30,852	)	$	(38,222	)

Income from discontinued operations attributable to Holdings	$	—		$	221,727		$	—		$	345,331
Less: Effect of contribution based profit - Holding Event	—			—			—			—
Income from discontinued operations attributable to common shares of Holdings	$	—		$	221,727		$	—		$	345,331

Basic and diluted weighted average common shares outstanding	62,844			59,900			61,364			59,900

Basic and fully diluted income (loss) per common share attributable to Holdings
Continuing operations	$	(0.30	)	$	(0.32	)	$	(0.50	)	$	(0.64	)
Discontinued operations	—			3.70			—			5.77
	$	(0.30	)	$	3.38		$	(0.50	)	$	5.13

Dist

Noncontrolling Interest (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30, 2020 and December 31, 2019:



	% Ownership ⁽¹⁾ June 30, 2020		% Ownership ⁽¹⁾ December 31, 2019
	Primary	Fully Diluted	Primary	Fully Diluted
5.11	97.6	88.7	97.6	88.9
Ergobaby	81.9	75.8	81.9	75.8
Liberty	91.2	86.0	91.2	86.0
Marucci	92.2	83.8	N/a	N/a
Velocity Outdoor	99.3	88.0	99.3	93.9
ACI	69.3	65.4	69.4	65.4
Arnold	96.7	81.4	96.7	80.2
Foam Fabricators	100.0	91.5	100.0	91.5
Sterno	100.0	88.5	100.0	88.5


⁽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)	June 30, 2020			December 31, 2019
5.11	$	13,042		$	12,056
Ergobaby	27,663			27,036
Liberty	3,254			2,936
Marucci	10,721			—
Velocity Outdoor	3,430			2,506
ACI	6,336			3,670
Arnold	1,340			1,255
Foam Fabricators	2,388			1,873
Sterno	(458		)	(884		)
Allocation Interests	100			100
	$	67,816		$	50,548

Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30, 2020 and December 31, 2019 (in thousands):



	Fair Value Measurements at June 30, 2020
	Carrying Value			Level 1		Level 2		Level 3
Liabilities:
Put option of noncontrolling shareholders ⁽¹⁾	$	(215	)	$	—	$	—	$	(215	)
Total recorded at fair value	$	(215	)	$	—	$	—	$	(215	)


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



	Fair Value Measurements at December 31, 2019
	Carrying Value			Level 1		Level 2		Level 3
Liabilities:
Put option of noncontrolling shareholders ⁽¹⁾	$	(111	)	$	—	$	—	$	(111	)
Total recorded at fair value	$	(111	)	$	—	$	—	$	(111	)

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, 2019 through June 30, 2020 are as follows (in thousands):



	Level 3
Balance at January 1, 2019	$	(4,547	)
Decrease in the fair value of put option of noncontrolling shareholder - Liberty	72
Increase in the fair value of put option of noncontrolling shareholder - 5.11	(10		)
Adjustment to Ravin contingent consideration ⁽¹⁾	(2,022		)
Payment of contingent consideration - Ravin ⁽¹⁾	6,396
Balance at December 31, 2019	$	(111	)
Increase in the fair value of put option of noncontrolling shareholder - Liberty	(63		)
Increase in the fair value of put option of noncontrolling shareholder - 5.11	(41		)
Balance at June 30, 2020	$	(215	)

Fair Value Measurements, Nonrecurring

The following table provides the assets and liabilities carried at fair value measured on a non-recurring basis as of December 31, 2019. Refer to "Note G – Goodwill and Other Intangible Assets", for a description of the valuation techniques used to determine fair value of the assets measured on a non-recurring basis in the table below.



									Expense
	Fair Value Measurements at December 31, 2019								Year ended
(in thousands)	Carrying Value		Level 1		Level 2		Level 3		December 31, 2019
Goodwill - Velocity Outdoor	$	30,079	$	—	$	—	$	30,079	$	32,881

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2020

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 six months ended June 30, 2020 and 2019 is as follows:



	Six months ended June 30,
	2020		2019
United States Federal Statutory Rate	21.0	%	(21.0	)%
State income taxes (net of Federal benefits)	80.0		8.5
Foreign income taxes	(7.6	)	3.0
Expenses of Compass Group Diversified Holdings LLC representing a pass through to shareholders ⁽¹⁾	16.9		47.9
Impact of subsidiary employee stock options	141.5		5.2
Credit utilization	(55.8	)	(4.8	)
Non-recognition of NOL carryforwards at subsidiaries	(54.9	)	9.5
Effect of Tax Act	10.0		7.0
Other	5.6		0.2
Effective income tax rate	156.7	%	55.5	%

⁽¹⁾

Defined Benefit Plan (Tables)

6 Months Ended

Jun. 30, 2020

Retirement Benefits [Abstract]

Summary of Net Periodic Benefit Cost

Net periodic benefit cost consists of the following for the three and six months ended June 30, 2020 and 2019 (in thousands):



	Three months ended June 30,						Six months ended June 30,
	2020			2019			2020			2019
Service cost	$	138		$	127		$	277		$	256
Interest cost	7			33			15			66
Expected return on plan assets	(20		)	(40		)	(41		)	(80		)
Amortization of unrecognized loss	56			34			113			69
Net periodic benefit cost	$	181		$	154		$	364		$	311

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Maturities of Lease Liabilities

The maturities of lease liabilities at June 30, 2020 were as follows (in thousands):



2020 (excluding six months ended June 30, 2020)	$	12,318
2021	26,249
2022	24,057
2023	17,247
2024	13,382
Thereafter	42,455
Total undiscounted lease payments	$	135,708
Less: Interest	37,124
Present value of lease liabilities	$	98,584

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 June 30, 2020:



Lease Term and Discount Rate
Weighted-average remaining lease term (years)	6.18
Weighted-average discount rate	7.68	%

Supplemental Cash Flow Information Related to Leases

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



	Six months ended June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	14,924
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	6,630

Presentation and Principles of Consolidation - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020 USD ($) Segment	Jun. 30, 2019 USD ($)	Jun. 30, 2020 USD ($) Segment	Jun. 30, 2019 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of discontinued operations	$ 0	$ 206,505	$ 0	$ 328,164
Gain on sale of discontinued operations	$ 0	$ 206,505	$ 0	$ 328,164
Sole owner of Trust interest of the company			100.00%
Number of reportable operating segments \| Segment	9		9

Acquisition - Additional Information (Detail) - USD ($) $ in Thousands			3 Months Ended
	Jul. 01, 2020	Apr. 20, 2020	Jun. 30, 2020	Jan. 01, 2020	Dec. 31, 2019	Feb. 26, 2018
Business Acquisition [Line Items]
Goodwill			$ 506,252	$ 438,519	$ 438,519
Marucci [Member]
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Inventory, Remeasurement		$ 4,300
Integration service fees payable		2,000
Goodwill		67,733
Payments to Acquire Businesses, Net of Cash Acquired and Net of Transactions Costs		$ 199,366
Business Acquisition, Percentage of Voting Interests Acquired		92.20%
Business Combination, Acquisition Related Costs			$ 2,042
Business Combination, Consideration Transferred, Increase (Decrease) in Working Capital		$ 158
Foam
Business Acquisition [Line Items]
Integration service fees payable					$ 2,300
Rimports
Business Acquisition [Line Items]
Contingent consideration						$ (25,000)
Non- Controlling Interest \| Marucci [Member]
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired		7.80%
Subsequent Event \| Foam
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired and Net of Transactions Costs	$ 12,800
Business Combination, Contingent Consideration, Earn out Provision, Fair Value	$ 1,400

Acquisition - Schedule of Assets Acquired and Liabilities Assumed as of the Acquisition Date (Detail) - USD ($) $ in Thousands			3 Months Ended		6 Months Ended
	Jul. 01, 2020	Apr. 20, 2020	Sep. 30, 2020	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Jan. 01, 2020	Dec. 31, 2019	Feb. 26, 2018
Assets:
Goodwill				$ 506,252	$ 506,252		$ 438,519	$ 438,519
Acquisition Consideration
Payments to Acquire Businesses, Net of Cash Acquired					$ 200,720	$ 0
Marucci [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross		$ 200,000
Business Combination, Acquired Receivables, Gross Contractual Amount		12,700
Business Combination, Acquired Receivables, Estimated Uncollectible		1,200
Business Combination, Step Acquisition, Inventory, Remeasurement		4,300
Business Combination, Step Acquisition, Inventory Amortized				3,000
Business Combination, Step Acquisition, PP&E, Remeasurement		2,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		2,730
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables		11,471
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory		14,795
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value		11,127
Notes Receivable, Related Parties		42,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		10,681
Assets:
Goodwill		67,733
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets		956
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		99,249
Acquisition Consideration
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		207,615
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities		6,207
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other		42,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities And Noncontrolling Interest		59,434
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Including Noncontrolling Interest		148,181
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Including Related Party Debt		201,408
Cash Acquired from Acquisition		3,750
Business Combination, Consideration Transferred, Increase (Decrease) in Working Capital		158
Business Combination, Consideration Transferred, Other		(2,500)
Payments to Acquire Businesses, Net of Cash Acquired		201,408
Business Combination, Acquisition Related Costs				$ 2,042
Payments to Acquire Businesses, Net of Cash Acquired and Net of Transactions Costs		$ 199,366
Rimports
Acquisition Consideration
Potential earn-out liability									$ 25,000
Subsequent Event \| Marucci [Member]
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Inventory Amortized			$ 1,300
Subsequent Event \| Foam
Acquisition Consideration
Payments to Acquire Businesses, Net of Cash Acquired and Net of Transactions Costs	$ 12,800

Acquisition - Schedule of Intangible Assets Recorded as Part of Acquisition (Detail) - USD ($) $ in Thousands	Apr. 20, 2020	Jun. 30, 2020	Jan. 01, 2020	Dec. 31, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 506,252	$ 438,519	$ 438,519
Marucci [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 99,249
Goodwill	67,733
Marucci [Member] \| Trade name
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 83,929
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Marucci [Member] \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 11,120
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Marucci [Member] \| Technology-Based Intangible Assets [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 4,200
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years

Acquisition - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net loss attributable to Holdings	$ (8,437)	$ 216,534	$ (4,772)	$ 325,842
Marucci [Member]
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Acquisition, Pro Forma Revenue	333,892	349,759	689,576	709,982
Net loss attributable to Holdings	(10,422)	(8,659)	(8,132)	(24,427)
Business Acquisition, Pro Forma Gross Profit	117,471	129,651	249,318	260,302
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations, Net of Tax	10,912	17,738	26,193	31,923
Business Acquisition, Pro Forma Net Income (Loss)	$ (9,483)	$ (7,361)	$ (5,885)	$ (21,685)
Business Acquisition, Pro Forma Earnings Per Share, Basic	$ (0.33)	$ (0.38)	$ (0.56)	$ (0.72)

- Definition

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

+ References

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+ Details

Discontinued Operations (Details) $ in Thousands, $ in Millions				2 Months Ended	3 Months Ended					6 Months Ended			12 Months Ended
	Jun. 28, 2019 USD ($)	Feb. 28, 2019 CAD ($)	Feb. 28, 2019 USD ($)	Feb. 28, 2019 USD ($)	Jun. 30, 2020 USD ($)	Sep. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)	Jun. 28, 2019 USD ($)	Mar. 31, 2019 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)	Jun. 28, 2019 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2019 CAD ($)	Aug. 31, 2019 USD ($)	Feb. 19, 2019 CAD ($)	Feb. 18, 2019 CAD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Consideration																$ 419.0
Disposal Group, Total enterprise value	$ 625,000							$ 625,000				$ 625,000
Disposal Group, repayment of intercompany loans	224,600							224,600				224,600
Disposal Group, including discontinued operation, consideration, cash		$ 50.0													$ 28,400		$ 150.0
Disposal Group, including discontinued operation, consideration, shares		42.5													$ 19,600		$ 127.5
Disposal Group, Net indebtedness		71.3
disposal group, including discontinued operation, transaction costs		$ 5.0
Proceeds from sale of businesses										$ 0	$ 451,654
Gain on sale of discontinued operations, net of income tax					$ 0		$ 206,505			0	328,164
Gain on sale of discontinued operations					0		206,505			0	328,164
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal											121,700
Debt and Equity Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment					$ 0	$ (4,900)	$ 0		$ (5,300)	$ 0	$ (5,300)
Manitoba Harvest [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, including discontinued operation, consideration, shares														$ 49.0
United States of America, Dollars
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Net indebtedness			$ 53,700
Clean Earth
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
disposal group, including discontinued operation, transaction costs	10,700
Proceeds from sale of businesses	$ 327,300
Disposal Group, Including Discontinued Operation, Intercompany Interest Expense Excluded from Income (Loss) from Discontinued Operations								$ 5,600				$ 10,200
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal													$ 209,300
Manitoba Harvest [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of businesses			$ 124,200
Disposal Group, Including Discontinued Operation, Intercompany Interest Expense Excluded from Income (Loss) from Discontinued Operations				$ 1,000

Discontinued Operations - Summarized Balance Sheet Information (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended					6 Months Ended
	Feb. 28, 2019	Jun. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Jun. 28, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 28, 2019	Dec. 31, 2019
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		$ 0	$ (4,900)	$ 0		$ (5,300)	$ 0	$ (5,300)
Liabilities:
Noncontrolling interest of discontinued operations		67,816					67,816			$ 50,548
Income from discontinued operations, net of income tax		$ 0		$ 15,474			$ 0	$ 16,901
Manitoba Harvest [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Revenue	$ 10,024
Liabilities:
Disposal Group, Including Discontinued Operation, Gross Profit (Loss)	4,874
Disposal Group, Including Discontinued Operation, Operating Income (Loss)	(1,118)
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	(1,127)
Discontinued Operation, Tax Effect of Discontinued Operation	(541)
Income from discontinued operations, net of income tax	$ (586)
Clean Earth
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Revenue					$ 69,105				$ 132,737
Liabilities:
Disposal Group, Including Discontinued Operation, Gross Profit (Loss)					23,045				39,678
Disposal Group, Including Discontinued Operation, Operating Income (Loss)					4,976				6,232
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax					4,889				5,880
Discontinued Operation, Tax Effect of Discontinued Operation					(10,585)				(11,607)
Income from discontinued operations, net of income tax					$ 15,474				$ 17,487

Discontinued Operations - Summarized Operating Results (Details) $ in Thousands, $ in Millions	3 Months Ended					6 Months Ended
	Jun. 30, 2020 USD ($)	Sep. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)	Jun. 28, 2019 USD ($)	Mar. 31, 2019 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)	Jun. 28, 2019 USD ($)	Feb. 19, 2019 CAD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Consideration									$ 419
Debt and Equity Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment	$ 0	$ 4,900	$ 0		$ 5,300	$ 0	$ 5,300
Income from discontinued operations	$ 0		$ 15,474			$ 0	$ 16,901
Clean Earth
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales				$ 69,105				$ 132,737
Gross profit				23,045				39,678
Operating income (loss)				4,976				6,232
Income (loss) from continuing operations before income taxes				4,889				5,880
Provision for income taxes				(10,585)				(11,607)
Income from discontinued operations				15,474				17,487
Disposal Group, Including Discontinued Operation, Intercompany Interest Expense Excluded from Income (Loss) from Discontinued Operations				$ 5,600				$ 10,200

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	$ 333,627	$ 336,084	$ 667,076	$ 674,941
5.11
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	87,635	92,836	183,416	180,925
Ergo
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	20,044	22,971	39,693	45,423
Liberty
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	24,453	20,633	49,413	42,837
Marucci [Member]
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	5,256		5,256
Velocity
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	47,221	29,611	77,611	60,748
ACI
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	22,956	22,439	44,652	45,508
Arnold
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	24,270	29,481	53,828	59,509
Foam
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	24,429	31,648	52,812	62,330
Sterno
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	77,363	86,465	160,395	177,661
United States
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	281,214	277,935	554,295	555,903
United States \| 5.11
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	70,677	76,864	143,104	147,341
United States \| Ergo
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	7,100	6,898	13,358	14,233
United States \| Liberty
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	23,467	20,000	48,123	41,736
United States \| Marucci [Member]
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	5,035		5,035
United States \| Velocity
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	41,900	24,953	67,779	51,117
United States \| ACI
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	22,956	22,439	44,652	45,508
United States \| Arnold
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	15,293	17,635	33,856	35,551
United States \| Foam
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	20,873	26,538	44,460	52,675
United States \| Sterno
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	73,913	82,608	153,928	167,742
Canada
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	9,887	9,252	17,369	18,891
Canada \| 5.11
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	1,791	2,650	3,265	4,314
Canada \| Ergo
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	1,016	827	1,716	1,646
Canada \| Liberty
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	986	633	1,290	1,101
Canada \| Marucci [Member]
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	16		16
Canada \| Velocity
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	2,852	1,774	4,772	3,251
Canada \| ACI
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0	0	0
Canada \| Arnold
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	83	184	239	363
Canada \| Foam
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0	0	0
Canada \| Sterno
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	3,143	3,184	6,071	8,216
Europe
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	23,282	24,357	45,460	50,824
Europe \| 5.11
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	7,245	5,872	13,552	13,154
Europe \| Ergo
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	6,812	7,544	12,599	14,075
Europe \| Liberty
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0	0	0
Europe \| Marucci [Member]
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	4		4
Europe \| Velocity
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	1,774	1,632	3,472	3,833
Europe \| ACI
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0	0	0
Europe \| Arnold
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	7,282	9,056	15,610	18,826
Europe \| Foam
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0	0	0
Europe \| Sterno
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	165	253	223	936
Asia Pacific
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	10,435	12,856	21,518	25,355
Asia Pacific \| 5.11
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	3,882	3,164	7,393	6,578
Asia Pacific \| Ergo
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	5,007	7,530	10,910	14,836
Asia Pacific \| Liberty
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0	0	0
Asia Pacific \| Marucci [Member]
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	199		199
Asia Pacific \| Velocity
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	188	203	434	432
Asia Pacific \| ACI
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0	0	0
Asia Pacific \| Arnold
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	1,153	1,541	2,548	2,801
Asia Pacific \| Foam
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0	0	0
Asia Pacific \| Sterno
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	6	418	34	708
Other international
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	8,809	11,684	28,434	23,968
Other international \| 5.11
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	4,040	4,286	16,102	9,538
Other international \| Ergo
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	109	172	1,110	633
Other international \| Liberty
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0	0	0
Other international \| Marucci [Member]
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	2		2
Other international \| Velocity
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	507	1,049	1,154	2,115
Other international \| ACI
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	0	0	0	0
Other international \| Arnold
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	459	1,065	1,575	1,968
Other international \| Foam
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	3,556	5,110	8,352	9,655
Other international \| Sterno
Disaggregation of Revenue [Line Items]
Total revenue, excluding assessed tax	$ 136	$ 2	$ 139	$ 59

Operating Segment Data - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020 USD ($) ft² Segment Clients	Jun. 30, 2019 USD ($)	Jun. 30, 2020 USD ($) Segment Facility	Jun. 30, 2019 USD ($)
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	$ 26,934	$ 22,831	$ 49,265	$ 45,496
Number of reportable operating segments \| Segment	9		9
Liberty
Segment Reporting Information [Line Items]
Manufacturing facility area (in square feet) \| ft²	300,000
Arnold \| Minimum
Segment Reporting Information [Line Items]
Number of clients \| Clients	2,000
Foam
Segment Reporting Information [Line Items]
Number Of Manufacturing Facilities \| Facility			14
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	$ 26,380	21,751	$ 48,186	43,337
Operating Segments \| 5.11
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	5,286	5,298	10,438	10,455
Operating Segments \| Ergobaby
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	2,038	2,113	4,091	4,224
Operating Segments \| Liberty
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	415	390	821	797
Operating Segments \| Velocity
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	3,113	3,289	6,360	6,540
Operating Segments \| ACI
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	626	523	1,272	1,192
Operating Segments \| Arnold
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	1,641	1,580
Operating Segments \| Foam
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	2,935	3,013	5,982	6,010
Operating Segments \| Sterno
Segment Reporting Information [Line Items]
Depreciation and Amortization Expense	$ 5,639	$ 5,545	$ 11,263	$ 10,917

Operating Segment Data - Summary of Net Sales of Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	$ 333,627	$ 336,084	$ 667,076	$ 674,941
5.11
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	87,635	92,836	183,416	180,925
Liberty
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	24,453	20,633	49,413	42,837
Marucci [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	5,256		5,256
Velocity
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	47,221	29,611	77,611	60,748
ACI
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	22,956	22,439	44,652	45,508
Foam
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	24,429	31,648	52,812	62,330
Sterno
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	77,363	86,465	160,395	177,661
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	333,627	336,084	667,076	674,941
Operating Segments \| 5.11
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	87,635	92,836	183,416	180,925
Operating Segments \| Ergobaby
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	20,044	22,971	39,693	45,423
Operating Segments \| Liberty
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	24,453	20,633	49,413	42,837
Operating Segments \| Marucci [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	5,256	0	5,256	0
Operating Segments \| Velocity
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	47,221	29,611	77,611	60,748
Operating Segments \| ACI
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	22,956	22,439	44,652	45,508
Operating Segments \| Arnold
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	24,270	29,481	53,828	59,509
Operating Segments \| Foam
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	24,429	31,648	52,812	62,330
Operating Segments \| Sterno
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	77,363	86,465
Operating Segments \| Sterno
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax			160,395	177,661
Reconciliation of Segment to Consolidated \| Corporate and other
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenue, excluding assessed tax	$ 0	$ 0	$ 0	$ 0

Operating Segment Data - Summary of Profit (Loss) of Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Debt and Equity Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment	$ 0	$ (4,900)	$ 0	$ (5,300)	$ 0	$ (5,300)
Total consolidated income (loss) from continuing operations before income taxes	(717)		745		4,385	(10,759)
Other income (expense), net	(2,386)		(90)		(1,725)	(524)
Velocity
Segment Reporting, Revenue Reconciling Item [Line Items]
Goodwill, Impairment Loss		$ 32,900
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	20,965		30,655		45,258	57,331
Operating Segments \| 5.11
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	4,702		5,073		9,288	7,411
Operating Segments \| Ergobaby
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	2,026		2,795		3,580	5,931
Operating Segments \| Liberty
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	3,400		1,671		6,545	3,086
Operating Segments \| Marucci [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	(7,743)		0		(7,743)	0
Operating Segments \| Velocity
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	3,998		(74)		2,834	267
Operating Segments \| ACI
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	6,329		6,484		12,067	12,965
Operating Segments \| Arnold
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	1,443		2,227		3,096	3,704
Operating Segments \| Foam
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	2,847		4,364		6,359	7,870
Operating Segments \| Sterno
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes	3,963		8,115
Operating Segments \| Sterno
Segment Reporting, Revenue Reconciling Item [Line Items]
Total consolidated income (loss) from continuing operations before income taxes					9,232	16,097
Reconciliation of Segment to Consolidated
Segment Reporting, Revenue Reconciling Item [Line Items]
Interest expense, net	(11,174)		(18,445)		(19,771)	(36,899)
Other income (expense), net	(2,386)		(90)		(1,725)	(524)
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	$ (8,122)		$ (11,375)		$ (19,377)	$ (30,667)

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

3 Months Ended

6 Months Ended

Jun. 30, 2020

Jun. 30, 2019

Jun. 30, 2020

Jun. 30, 2019

Dec. 31, 2019

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, Allowance for Credit Loss

$ (15,065)

$ (14,800)

Identifiable Assets

^[1]

1,443,095

1,261,969

Depreciation and Amortization Expense

26,934

$ 22,831

49,265

$ 45,496

Operating Segments

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, after Allowance for Credit Loss

192,177

191,405

Identifiable Assets

^[1]

1,309,113

1,197,438

Depreciation and Amortization Expense

26,380

21,751

48,186

43,337

Operating Segments | 5.11

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, before Allowance for Credit Loss

43,240

49,543

Identifiable Assets

^[1]

365,683

357,292

Depreciation and Amortization Expense

5,286

5,298

10,438

10,455

Operating Segments | Ergobaby

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, before Allowance for Credit Loss

9,679

10,460

Identifiable Assets

^[1]

89,236

91,798

Depreciation and Amortization Expense

2,038

2,113

4,091

4,224

Operating Segments | Liberty

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, before Allowance for Credit Loss

13,144

13,574

Identifiable Assets

37,501

38,558

^[1]

Depreciation and Amortization Expense

415

390

821

797

Operating Segments | Marucci [Member]

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, before Allowance for Credit Loss

4,359

Identifiable Assets

131,226

^[1]

Depreciation and Amortization Expense

4,687

Operating Segments | Velocity

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, before Allowance for Credit Loss

32,030

20,290

Identifiable Assets

^[1]

181,197

192,288

Depreciation and Amortization Expense

3,113

3,289

6,360

6,540

Operating Segments | ACI

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, before Allowance for Credit Loss

8,004

^[1]

8,004

^[1]

8,318

Identifiable Assets

^[1]

28,125

24,408

Depreciation and Amortization Expense

626

523

1,272

1,192

Operating Segments | Arnold

Segment Reporting, Asset Reconciling Item [Line Items]

Depreciation and Amortization Expense

3,272

3,202

Operating Segments | Arnold

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, before Allowance for Credit Loss

16,347

^[1]

16,347

^[1]

19,043

Identifiable Assets

^[1]

73,382

72,650

Depreciation and Amortization Expense

1,641

1,580

Operating Segments | Foam

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, before Allowance for Credit Loss

^[1]

21,716

24,455

Identifiable Assets

^[1]

163,497

156,914

Depreciation and Amortization Expense

2,935

3,013

5,982

6,010

Operating Segments | Sterno

Segment Reporting, Asset Reconciling Item [Line Items]

Accounts Receivable, before Allowance for Credit Loss

58,723

60,522

Identifiable Assets

239,266

263,530

^[1]

Depreciation and Amortization Expense

5,639

5,545

11,263

10,917

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

554

$ 1,080

1,079

$ 2,159

Reconciliation of Segment to Consolidated | Corporate and other

Segment Reporting, Asset Reconciling Item [Line Items]

Identifiable Assets

^[1]

$ 133,982

$ 64,531

[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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Document Period End Date			Jun. 30, 2020
Depreciation expense	$ 8,600	$ 8,200	$ 16,902	$ 16,225
Property, plant and equipment, gross	305,125		305,125		$ 287,903
Construction in process	9,954		9,954		10,559
Less: accumulated depreciation	(154,896)		(154,896)		(141,475)
Total	150,229		150,229		146,428
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	198,531		198,531		191,897
Furniture, fixtures and other
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	41,600		41,600		36,604
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	44,893		44,893		40,851
Buildings and land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 10,147		$ 10,147		$ 7,992

Property, Plant and Equipment and Inventory - Summary of Inventory (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Document Period End Date			Jun. 30, 2020
Depreciation expense	$ 8,600	$ 8,200	$ 16,902	$ 16,225
Raw materials	66,370		66,370		$ 59,888
Work-in-process	14,354		14,354		14,318
Finished goods	257,883		257,883		262,352
Less: obsolescence reserve	(21,306)		(21,306)		(19,252)
Total	$ 317,301		$ 317,301		$ 317,306

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jan. 01, 2020	Dec. 31, 2019
Goodwill And Other Intangible Assets [Line Items]
Goodwill	$ 506,252				$ 506,252		$ 438,519	$ 438,519
Goodwill, Acquired During Period					67,733
Goodwill - gross carrying amount	563,997				563,997			496,264
Goodwill, estimated impairment loss	57,745				57,745			$ 57,745
Amortization expense	14,779			$ 13,522	28,284	$ 27,112
Velocity
Goodwill And Other Intangible Assets [Line Items]
Goodwill	30,079				30,079		30,079
Goodwill, Impairment Loss			$ (32,900)
Impairment assessment assumptions weighted average cost of capital		12.80%	12.20%
Goodwill Impairment Testing, Fair Value Exceeding Carrying Value, Percent		16.40%
ACI
Goodwill And Other Intangible Assets [Line Items]
Goodwill	58,019				58,019		58,019
5.11
Goodwill And Other Intangible Assets [Line Items]
Goodwill	92,966				92,966		92,966
Ergobaby
Goodwill And Other Intangible Assets [Line Items]
Goodwill	61,031				61,031		61,031
Impairment assessment assumptions weighted average cost of capital		15.90%
Goodwill Impairment Testing, Fair Value Exceeding Carrying Value, Percent		14.00%
Liberty
Goodwill And Other Intangible Assets [Line Items]
Goodwill	32,828				32,828		32,828
Impairment assessment assumptions weighted average cost of capital						14.80%
Marucci [Member]
Goodwill And Other Intangible Assets [Line Items]
Goodwill	67,733				67,733		0
Goodwill, Acquired During Period					67,733
Arnold
Goodwill And Other Intangible Assets [Line Items]
Goodwill	26,903				26,903		26,903
Foam
Goodwill And Other Intangible Assets [Line Items]
Goodwill	72,708				72,708		72,708
Impairment assessment assumptions weighted average cost of capital		13.30%
Goodwill Impairment Testing, Fair Value Exceeding Carrying Value, Percent		3.80%
Sterno
Goodwill And Other Intangible Assets [Line Items]
Goodwill	55,336				55,336		55,336
Corporate Segment [Member]
Goodwill And Other Intangible Assets [Line Items]
Goodwill	$ 8,649				$ 8,649		$ 8,649

Goodwill and Other Intangible Assets - Summary of Reconciliation of Change in Carrying Value of Goodwill (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Jun. 30, 2020	Jan. 01, 2020	Dec. 31, 2019
Goodwill [Line Items]
Goodwill - gross carrying amount				$ 563,997		$ 496,264
Accumulated impairment losses				(57,745)		(57,745)
Goodwill - net carrying amount	$ 438,519			506,252	$ 438,519	$ 438,519
Goodwill [Roll Forward]
Balance as of March 31, 2017	$ 438,519
Corporate Segment [Member]
Goodwill [Line Items]
Goodwill - net carrying amount				8,649	8,649
5.11
Goodwill [Line Items]
Goodwill - net carrying amount				92,966	92,966
Ergobaby
Goodwill [Line Items]
Goodwill - net carrying amount				61,031	61,031
Goodwill [Roll Forward]
Impairment assessment assumptions weighted average cost of capital	15.90%
Liberty
Goodwill [Line Items]
Goodwill - net carrying amount				32,828	32,828
Goodwill [Roll Forward]
Impairment assessment assumptions weighted average cost of capital			14.80%
ACI
Goodwill [Line Items]
Goodwill - net carrying amount				58,019	58,019
Arnold
Goodwill [Line Items]
Goodwill - net carrying amount				26,903	26,903
Velocity
Goodwill [Line Items]
Goodwill - net carrying amount				30,079	30,079
Goodwill [Roll Forward]
Impairment assessment assumptions weighted average cost of capital	12.80%	12.20%
Goodwill, Impairment Loss		$ 32,900
Sterno
Goodwill [Line Items]
Goodwill - net carrying amount				$ 55,336	$ 55,336

Goodwill and Other Intangible Assets - Summary of Other Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Document Period End Date			Jun. 30, 2020
Amortization expense	$ 14,779	$ 13,522	$ 28,284	$ 27,112
Other intangible assets, gross	839,859		839,859		$ 740,192
Total accumulated amortization	(266,513)		(266,513)		(238,231)
Finite-Lived Intangible Assets, Net	573,346		573,346		501,961
Trade names, not subject to amortization	59,985		59,985		59,985
Intangible Assets, Gross (Excluding Goodwill)	899,844		899,844		800,177
Total intangibles, net	633,331		633,331		561,946
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	473,807		473,807		462,686
Total accumulated amortization	(172,536)		(172,536)		(155,200)
Finite-Lived Intangible Assets, Net	301,271		301,271		307,486
Technology and patents
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	84,699		84,699		80,082
Total accumulated amortization	(31,458)		(31,458)		(28,748)
Finite-Lived Intangible Assets, Net	53,241		53,241		51,334
Trade name
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	273,112		273,112		189,183
Total accumulated amortization	(54,571)		(54,571)		(46,507)
Finite-Lived Intangible Assets, Net	218,541		218,541		142,676
Licensing and non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	7,515		7,515		7,515
Total accumulated amortization	(7,222)		(7,222)		(7,050)
Finite-Lived Intangible Assets, Net	293		293		465
Distributor relations and other
Finite-Lived Intangible Assets [Line Items]
Other intangible assets, gross	726		726		726
Total accumulated amortization	(726)		(726)		(726)
Finite-Lived Intangible Assets, Net	$ 0		$ 0		$ 0

Goodwill and Other Intangible Assets - Summary of Estimated Charges to Amortization Expense of Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 14,779	$ 13,522	$ 28,284	$ 27,112
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2018	30,353		30,353
2019	59,893		59,893
2020	58,261		58,261
2021	57,864		57,864
2022	$ 56,772		$ 56,772

Warranties - Change in Carrying Value of Company's Warranty Liability (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Beginning balance	$ 1,583
Provision for warranties issued during the period	1,295	$ 2,238
Fulfillment of warranty obligations	(1,388)	(2,279)
Ending balance	1,594	1,624
Velocity
Schedule of Equity Method Investments [Line Items]
Standard and Extended Product Warranty Accrual, Additions from Business Acquisition	$ 104	$ 0

Debt - Additional Information (Detail) - USD ($)		1 Months Ended	6 Months Ended
Debt - Additional Information (Detail) - USD ($)	Sep. 16, 2014	Mar. 31, 2014	Jun. 30, 2020	May 07, 2020	Dec. 31, 2019	Apr. 18, 2018
Debt Instrument [Line Items]
Document Period End Date			Jun. 30, 2020
Line of Credit Facility, Maximum Borrowing Capacity			$ 598,800,000
Accumulated amortization			4,802,000		$ 3,667,000
Deferred debt issuance costs, less accumulated amortization			11,631,000		9,585,000
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]
Deferred debt issuance costs, less accumulated amortization			8,213,000		$ 5,555,000
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
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
Letter of Credit
Debt Instrument [Line Items]
Letter of credit outstanding			$ 1,200,000
Senior notes due 2026 [Member]
Debt Instrument [Line Items]
Debt issuance, aggregate principal amount				$ 200,000,000		$ 400,000,000
Debt Instrument, Interest Rate, Stated Percentage						8.00%
New Interest Rate Swap
Debt Instrument [Line Items]
Interest rate swap agreement with bank, agreement period	3 months

Debt - Issuance Costs (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
Debt - Issuance Costs (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	May 07, 2020
Debt Instrument [Line Items]
Debt Issuance Costs, Gross	$ 16,433	$ 13,252			$ 16,433
Accumulated Amortization, Debt Issuance Costs	(4,802)	(3,667)			(4,802)
Repayments of Debt		298,800	$ 193,800
Deferred debt issuance costs, less accumulated amortization	11,631	9,585			11,631
Amortization of debt issuance costs	(610)			$ (928)	(1,135)	$ (1,855)
Other Noncurrent Assets [Member]
Debt Instrument [Line Items]
Deferred debt issuance costs, less accumulated amortization	3,418	4,030			3,418
Other Noncurrent Liabilities [Member]
Debt Instrument [Line Items]
Deferred debt issuance costs, less accumulated amortization	$ 8,213	$ 5,555			$ 8,213
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Issuance Costs, Gross							$ 3,200

Debt - Summary of Debt Holdings (Detail) - USD ($)		3 Months Ended		6 Months Ended
Debt - Summary of Debt Holdings (Detail) - USD ($)	May 07, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2020	Apr. 18, 2018
Debt Instrument [Line Items]
Document Period End Date				Jun. 30, 2020
debt issuance, above par value	101.00%
Debt Instrument, Unamortized Premium	$ 2,000,000
Senior Notes		$ 400,000,000		$ 600,000,000
Less: Unamortized discounts and debt issuance costs		(9,585,000)		(11,631,000)
Long term debt		394,445,000		591,787,000
Long-term Debt, Fair Value				615,000,000
Repayments of Debt		298,800,000	$ 193,800,000
Term Loan Facility
Debt Instrument [Line Items]
Less: Unamortized discounts and debt issuance costs		$ (5,555,000)		$ (8,213,000)
2014 Credit Agreement \| Term Loan
Debt Instrument [Line Items]
Debt Instrument, Quarterly Payment, Amount					$ 1,250,000
Original issue discount					99.75%
2014 Credit Agreement \| Term Loan \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity, Additional Amounts Available For Borrowing					$ 250,000,000
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																			3 Months Ended				6 Months Ended		12 Months Ended
	Jul. 30, 2020	Jul. 23, 2020	May 07, 2020	Apr. 30, 2020	Apr. 23, 2020	Jan. 30, 2020	Jan. 23, 2020	Nov. 20, 2019	Oct. 30, 2019	Oct. 24, 2019	Jul. 30, 2019	Jul. 25, 2019	Apr. 30, 2019	Apr. 25, 2019	Jan. 30, 2019	Jan. 24, 2019	Mar. 13, 2018	Jun. 28, 2017	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 02, 2019
Stockholders Equity [Line Items]
Loss from continuing operations																			$ (8,437)			$ (5,193)	$ (4,772)	$ (19,489)
Distribution Expense, Preferred Shareholders																			6,045			3,782	11,587	7,563
Accrued Distribution Preferred Shareholders																			$ 2,869			1,334	$ 2,869	1,334
Trust shares, authorized (shares)																			500,000,000		500,000,000		500,000,000		500,000,000
Trust shares, issued (shares)			5,000,000																64,900,000		59,900,000		64,900,000		59,900,000
Share Price			$ 17.60
Proceeds from Issuance of Common Stock			$ 83,900																				$ 83,908	0
Preferred Stock, Shares Authorized																			50,000,000		50,000,000		50,000,000		50,000,000
Stock Issued During Period, Value, New Issues																			$ 83,908				$ 83,908
Preferred Stock, Redemption Price Per Share								$ 25.00
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		$ 0.36
Distributions paid					$ 21,564		$ 21,564			$ 21,564		$ 21,564		$ 21,564		$ 21,564							$ 43,128	43,128
Net Income Loss Available To Trust Stock Net of Distributions																			(17,351)			(18,292)	$ (28,315)	(36,369)
Distributions For Contribution Based Profit Allocation Payments																				$ 9,100
Document Period End Date																							Jun. 30, 2020
Trust Common Shares
Stockholders Equity [Line Items]
Distribution To Shareholders																			$ 21,564			21,564	$ 43,128	43,128
Series B
Stockholders Equity [Line Items]
Preferred Stock, Shares Authorized																	4,000,000
Stock Issued During Period, Shares, New Issues																	96,500,000
Preferred Stock, Redemption Price Per Share																	$ 25.00
Distribution To Shareholders				$ 1,969		$ 1,969			$ 1,969		$ 1,969		$ 1,969		$ 1,969
Series B Preferred Stock [Member]
Stockholders Equity [Line Items]
Accrued Distribution Preferred Shareholders																									$ 1,300
Preferred Stock, Dividend Rate, Percentage																	7.875%
Preferred Stock, Shares Issued																			4,000,000		4,000,000		4,000,000		4,000,000
Issuance of Trust preferred shares, net of offering costs																			$ 96,504		$ 96,504		$ 96,504		$ 96,504
Series A Preferred Stock
Stockholders Equity [Line Items]
Preferred Stock, Dividend Rate, Percentage																		7.25%
Preferred Stock, Shares Issued																			4,000,000		4,000,000		4,000,000		4,000,000
Preferred Stock, Liquidation Preference Per Share																		$ 25.00
Proceeds from Issuance of Preferred Stock and Preference Stock																		$ 100,000
Issuance of Trust preferred shares, net of offering costs																			$ 96,417		$ 96,417		$ 96,417		$ 96,417
Preferred Stock, Redemption Price Per Share																		$ 25.00
Preferred Stock, Cash Distributions Paid, Per Share				$ 453.125000		$ 453.125000			$ 453.125000		$ 453.125000		$ 453.125000		$ 453.125000
Series A
Stockholders Equity [Line Items]
Preferred Stock, Shares Authorized																		4,000,000
Distribution To Shareholders				$ 1,813		$ 1,813			$ 1,813		$ 1,813		$ 1,813		$ 1,813
Series B [Member]
Stockholders Equity [Line Items]
Preferred Stock, Cash Distributions Paid, Per Share				$ 492.1875000		$ 492.1875000			$ 492.1875000		$ 492.1875000		$ 492.1875000		$ 492.1875000
Series C Preferred Stock [Member]
Stockholders Equity [Line Items]
Accrued Distribution Preferred Shareholders																									$ 1,500
Preferred Stock, Dividend Rate, Percentage								7.875%																	7.875%
Preferred Stock, Shares Issued								4,000,000											4,600,000		4,600,000		4,600,000		4,600,000	600,000
Proceeds from Issuance of Preferred Stock and Preference Stock																									$ 115,000
Stock Issued During Period, Value, New Issues																									111,000
Issuance of Trust preferred shares, net of offering costs																			$ 110,997		$ 110,997		$ 110,997		$ 110,997
Preferred Stock, Cash Distributions Paid, Per Share				$ 492.1875000		$ 382.81000
Distribution To Shareholders				$ 2,264		$ 1,531
Subsequent Event
Stockholders Equity [Line Items]
Distribution declared per share		$ 0.36
Distributions paid		$ 23,364
Subsequent Event \| Series B
Stockholders Equity [Line Items]
Distribution To Shareholders	$ 1,969
Subsequent Event \| Series A Preferred Stock
Stockholders Equity [Line Items]
Preferred Stock, Cash Distributions Paid, Per Share	$ 453.125000
Subsequent Event \| Series A
Stockholders Equity [Line Items]
Distribution To Shareholders	$ 1,813
Subsequent Event \| Series B [Member]
Stockholders Equity [Line Items]
Preferred Stock, Cash Distributions Paid, Per Share	$ 492.1875000
Subsequent Event \| Series C Preferred Stock [Member]
Stockholders Equity [Line Items]
Preferred Stock, Cash Distributions Paid, Per Share	$ 492.1875000
Distribution To Shareholders	$ 2,264
Accumulated Deficit \| Trust Common Shares
Stockholders Equity [Line Items]
Distribution To Shareholders																			21,564			21,564	43,128	$ 43,128
Trust Common Shares
Stockholders Equity [Line Items]
Stock Issued During Period, Value, New Issues																			$ 83,908				$ 83,908
Stock Issued During Period, Shares, New Issues																		96,400,000
Liberty
Stockholders Equity [Line Items]
Distributions For Contribution Based Profit Allocation Payments																				$ 3,300
Discontinued Operations, Disposed of by Sale [Member] \| Clean Earth
Stockholders Equity [Line Items]
Distributions For Contribution Based Profit Allocation Payments																					43,300
Discontinued Operations, Disposed of by Sale [Member] \| Clean Earth \| Manitoba Harvest
Stockholders Equity [Line Items]
Distributions For Contribution Based Profit Allocation Payments																						$ 8,000
Discontinued Operations, Disposed of by Sale [Member] \| Manitoba Harvest
Stockholders Equity [Line Items]
Distributions For Contribution Based Profit Allocation Payments																					$ 9,100

Stockholders' Equity - Summary of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
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	$ (17,351)	$ (18,292)	$ (28,315)	$ (36,369)
Less: Effect of contribution based profit - Holding Event	1,249	896	2,537	1,853
Loss from continuing operations attributable to common shares of Holdings	(18,600)	(19,188)	(30,852)	(38,222)
Income from discontinued operations, net of income tax	$ 0	$ 15,222	$ 0	$ 17,167
Basic and diluted weighted average shares outstanding (shares)	62,844	59,900	61,364	59,900
Continuing operations (usd per share)	$ (0.30)	$ (0.32)	$ (0.50)	$ (0.64)
Discontinued operations (usd per share)	0	3.70	0	5.77
Earnings Per Share, Basic and Diluted (usd per share)	$ (0.30)	$ 3.38	$ (0.50)	$ 5.13
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Less: Effect of contribution based profit - Holding Event	$ 0	$ 0	$ 0	$ 0
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	0	221,727	0	345,331
Income from discontinued operations, net of income tax	$ 0	$ 221,727	$ 0	$ 345,331

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

Jun. 30, 2020

Dec. 31, 2019

Noncontrolling Interest [Line Items]

Noncontrolling interest

$ 67,816

$ 50,548

Marucci [Member] | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

92.20%

Marucci [Member] | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

83.80%

5.11 | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

97.60%

Noncontrolling Interest, Ownership Percentage by Parent

^[1]

97.60%

5.11 | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

88.90%

Noncontrolling Interest, Ownership Percentage by Parent

^[1]

88.70%

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]

75.80%

Noncontrolling Interest, Ownership Percentage by Parent

^[1]

75.80%

Liberty | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

91.20%

Liberty | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

86.00%

Velocity Outdoor | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

99.30%

Noncontrolling Interest, Ownership Percentage by Parent

^[1]

99.30%

Velocity Outdoor | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

93.90%

Noncontrolling Interest, Ownership Percentage by Parent

^[1]

88.00%

ACI | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

69.30%

69.40%

ACI | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

65.40%

Arnold | % Ownership Primary

Noncontrolling Interest [Line Items]

% Ownership

^[1]

96.70%

Arnold | % Ownership Fully Diluted

Noncontrolling Interest [Line Items]

% Ownership

^[1]

81.40%

80.20%

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%

Marucci [Member]

Noncontrolling Interest [Line Items]

Noncontrolling interest

$ 10,721

$ 0

Arnold

Noncontrolling Interest [Line Items]

Noncontrolling interest

1,340

1,255

Sterno

Noncontrolling Interest [Line Items]

Noncontrolling interest

(458)

(884)

Velocity

Noncontrolling Interest [Line Items]

Noncontrolling interest

3,430

2,506

Liberty

Noncontrolling Interest [Line Items]

Noncontrolling interest

3,254

2,936

Ergobaby

Noncontrolling Interest [Line Items]

Noncontrolling interest

27,663

27,036

5.11

Noncontrolling Interest [Line Items]

Noncontrolling interest

13,042

12,056

ACI

Noncontrolling Interest [Line Items]

Noncontrolling interest

6,336

3,670

Allocation Interests [Member]

Noncontrolling Interest [Line Items]

Noncontrolling interest

100

Foam Fabricators

Noncontrolling Interest [Line Items]

Noncontrolling interest

$ 2,388

$ 1,873

[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)	June 30, 2020			December 31, 2019
5.11	$	13,042		$	12,056
Ergobaby	27,663			27,036
Liberty	3,254			2,936
Marucci	10,721			—
Velocity Outdoor	3,430			2,506
ACI	6,336			3,670
Arnold	1,340			1,255
Foam Fabricators	2,388			1,873
Sterno	(458		)	(884		)
Allocation Interests	100			100
	$	67,816		$	50,548

Fair Value Measurement - Summary of Liabilities Carried at Fair Value Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	May 07, 2020	Dec. 31, 2019	Jan. 31, 2019	Apr. 18, 2018	Feb. 26, 2018
Liabilities:
Total recorded at fair value	$ (215)		$ (111)	$ (4,547)
Fair Value, Measurements, Recurring \| Carrying Value
Liabilities:
Put option of noncontrolling shareholders	(215)		(111)
Total recorded at fair value	(215)		(111)
Fair Value, Measurements, Recurring \| Level 1 \| Fair Value
Liabilities:
Put option of noncontrolling shareholders	0		0
Total recorded at fair value	0		0
Fair Value, Measurements, Recurring \| Level 2 \| Fair Value
Liabilities:
Put option of noncontrolling shareholders	0		0
Total recorded at fair value	0		0
Fair Value, Measurements, Recurring \| Level 3 \| Fair Value
Liabilities:
Put option of noncontrolling shareholders	(215)		(111)
Total recorded at fair value	$ (215)		$ (111)
Rimports
Liabilities:
Contingent consideration						$ (25,000)
Senior notes due 2026 [Member]
Liabilities:
Debt issuance, aggregate principal amount		$ 200,000			$ 400,000

Fair Value Measurement - Reconciliations of Change in Carrying Value of Level 3 Fair Value Measurements (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of liability, Beginning balance		$ (111)
Fair value of liability, Ending balance	$ (215)	(215)	$ (111)
Ravin [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Payment of contingent consideration			(2,022)
5.11
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances	$ (41)		(10)
Northern International, Inc. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability			6,396
Liberty
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration - Rimports (1)		$ (63)	$ 72

Fair Value Measurement - Assets Measured on Nonrecurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Jun. 30, 2020	Sep. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	$ 400,000	$ 600,000
Long-term Debt, Fair Value		$ 615,000
Ravin [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	(6,400)		$ (4,700)
Velocity \| Goodwill [Member] \| Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Impairment Charges	32,881
Velocity \| Goodwill [Member] \| Carrying Value \| Fair Value, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill, Fair Value Disclosure	$ 30,079

Fair Value Measurement - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2018	Feb. 26, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Document Period End Date	Jun. 30, 2020
Line of Credit Facility, Maximum Borrowing Capacity	$ 598.8
Rimports
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration				$ 25.0
Ravin [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration		$ 6.4	$ 4.7

Income Taxes - Reconciliation between Federal Statutory Rate and Effective Income Tax Rate (Detail)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Income Tax Contingency [Line Items]
United States Federal Statutory Rate	21.00%	(21.00%)
State income taxes (net of Federal benefits)	80.00%	8.50%
Foreign income taxes	(7.60%)	3.00%
Expenses of Compass Group Diversified Holdings, LLC representing a pass through to shareholders	16.90%	47.90%
Impact of subsidiary employee stock options	141.50%	5.20%
Credit utilization	(55.80%)	(4.80%)
Non-recognition of NOL carryforwards at subsidiaries	(54.90%)	9.50%
Effect of Tax Act	10.00%	7.00%
Other	5.60%	0.20%
Effective income tax rate	156.70%	55.50%

Defined Benefit Plan - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2020 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 0.2
Unfunded liability	4.5
Expected contribution to the Foreign Plan	$ 0.2

Defined Benefit Plan - Summary of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Retirement Benefits [Abstract]
Service cost	$ 138	$ 127	$ 277	$ 256
Interest cost	7	33	15	66
Expected return on plan assets	(20)	(40)	(41)	(80)
Amortization of unrecognized loss	56	34	113	69
Net periodic benefit cost	$ 181	$ 154	$ 364	$ 311

Commitments and Contingencies - Components of Operating Leases (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 7.6	$ 14.9

Commitments and Contingencies - Maturity of Lease Liabilities (Details) $ in Thousands	Jun. 30, 2020 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2019	$ 12,318
2020	26,249
2021	24,057
2022	17,247
2023	13,382
Thereafter	42,455
Total undiscounted lease payments	135,708
Less: Interest	37,124
Present value of lease liabilities	$ 98,584

Commitments and Contingencies - Lease Term and Discount Rate (Details)	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Weighted-average remaining lease term (years)	6 years 2 months 4 days
Weighted-average discount rate	7.68%

Commitments and Contingencies - Supplemental Cash Flow Information Related to Leases (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 6,630
Operating cash flows from operating leases	$ 14,924

Commitments and Contingencies Supplemental Balance Sheet Information (Details) $ in Thousands	Jun. 30, 2020 USD ($)
Leases [Abstract]
Operating Lease, Right-of-Use Asset	$ 94,765
Operating Lease, Liability, Current	19,981
Operating Lease, Liability, Noncurrent	$ 78,603

- Narrative (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended		12 Months Ended
- Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Line of Credit Facility, Increase (Decrease), Net		$ 200.0
Management fee waiver				50.00%
Line of Credit Facility, Maximum Borrowing Capacity	$ 598.8			$ 598.8
Document Period End Date				Jun. 30, 2020
Foam
Related Party Transaction [Line Items]
Integration service fees payable						$ 2.3
Business Combination, Integration Related Costs						$ 0.3	$ 2.0
Related Party Vendor [Member]
Related Party Transaction [Line Items]
Ownership Percentage, Related Party Vendors				40.00%
Related Party Transaction, Purchases from Related Party	$ 1.0		$ 0.8	$ 1.5	$ 2.1

Subsequent Event (Detail) - USD ($)	Apr. 20, 2020	Jun. 30, 2020	May 07, 2020	Apr. 18, 2018
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 598,800,000
Senior notes due 2026 [Member]
Subsequent Event [Line Items]
Debt issuance, aggregate principal amount			$ 200,000,000	$ 400,000,000
Debt Instrument, Interest Rate, Stated Percentage				8.00%
Line of Credit \| Revolving Credit Facility \| 2014 Credit Agreement
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 600,000,000
Term Loan \| 2014 Credit Agreement
Subsequent Event [Line Items]
Debt Instrument, Quarterly Payment, Amount				$ 1,250,000
Original issue discount				99.75%
Term Loan \| Revolving Credit Facility \| 2014 Credit Agreement
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 500,000,000
Line of Credit Facility, Maximum Borrowing Capacity, Additional Amounts Available For Borrowing				$ 250,000,000
Marucci [Member]
Subsequent Event [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired and Net of Transactions Costs	$ 199,366,000