| Summary of Condensed Consolidated Statements of Operations (Unaudited) |
The Condensed Consolidated Statements of Operations (Unaudited) were impacted as follows:
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For the Quarter Ended |
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For the Year Ended |
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Impact of change - Increase / (Decrease) |
March 31, 2025 |
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June 30,
2025 |
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September 30, 2025 |
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December 31, 2025 |
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December 31, 2024 |
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Cost of sales |
$ |
5,649 |
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$ |
5,533 |
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$ |
5,127 |
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$ |
21,658 |
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$ |
23,327 |
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Gross profit |
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(5,649 |
) |
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(5,533 |
) |
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(5,127 |
) |
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(21,658 |
) |
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(23,327 |
) |
Selling, general and administrative |
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(2,837 |
) |
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(2,740 |
) |
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(2,615 |
) |
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(10,612 |
) |
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(11,324 |
) |
Freight out |
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(2,812 |
) |
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(2,793 |
) |
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(2,512 |
) |
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(11,046 |
) |
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(12,003 |
) |
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| The Balances in the Company's Accumulated Other Comprehensive Income (Loss) |
Changes in accumulated other comprehensive income (loss) are as follows:
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Foreign
Currency |
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Interest Rate Swap (1) |
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Defined Benefit
Pension Plans |
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Total |
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Balance at April 1, 2026 |
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$ |
(17,458 |
) |
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$ |
(3,008 |
) |
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$ |
— |
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$ |
(20,466 |
) |
Other comprehensive income (loss) before reclassifications |
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(723 |
) |
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|
897 |
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— |
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|
174 |
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Reclassification to (earnings) loss |
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— |
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392 |
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— |
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392 |
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Net current-period other comprehensive income (loss) |
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(723 |
) |
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1,289 |
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— |
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566 |
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Balance at June 30, 2026 |
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$ |
(18,181 |
) |
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$ |
(1,719 |
) |
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$ |
— |
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$ |
(19,900 |
) |
(1) Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $0.4 million for the quarter ended June 30, 2026.
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Foreign
Currency |
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Interest Rate Swap (2) |
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Defined Benefit
Pension Plans (3) |
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Total |
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Balance at April 1, 2025 |
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$ |
(18,617 |
) |
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$ |
(3,765 |
) |
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$ |
(1,101 |
) |
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$ |
(23,483 |
) |
Other comprehensive income (loss) before reclassifications |
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1,915 |
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(891 |
) |
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— |
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1,024 |
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Reclassification to (earnings) loss |
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— |
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|
87 |
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1,101 |
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1,188 |
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Net current-period other comprehensive income (loss) |
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1,915 |
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(804 |
) |
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1,101 |
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2,212 |
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Balance at June 30, 2025 |
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$ |
(16,702 |
) |
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$ |
(4,569 |
) |
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$ |
— |
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$ |
(21,271 |
) |
(2) Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $(0.3) million for the quarter ended June 30, 2025. (3) Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $(0.4) million for the quarter ended June 30, 2025.
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Foreign
Currency |
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Interest Rate Swap (4) |
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Defined Benefit
Pension Plans |
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Total |
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Balance at January 1, 2026 |
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$ |
(16,918 |
) |
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$ |
(4,210 |
) |
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$ |
— |
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$ |
(21,128 |
) |
Other comprehensive income (loss) before reclassifications |
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(1,263 |
) |
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1,722 |
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— |
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|
459 |
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Reclassification to (earnings) loss |
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— |
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769 |
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— |
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769 |
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Net current-period other comprehensive income (loss) |
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(1,263 |
) |
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2,491 |
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— |
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1,228 |
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Balance at June 30, 2026 |
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$ |
(18,181 |
) |
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$ |
(1,719 |
) |
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$ |
— |
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$ |
(19,900 |
) |
(4) Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $0.9 million for the six months ended June 30, 2026.
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Foreign
Currency |
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Interest Rate Swap (5) |
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Defined Benefit
Pension Plans (6) |
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Total |
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Balance at January 1, 2025 |
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$ |
(18,609 |
) |
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$ |
(2,400 |
) |
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$ |
(1,101 |
) |
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$ |
(22,110 |
) |
Other comprehensive income (loss) before reclassifications |
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1,907 |
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(2,341 |
) |
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— |
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(434 |
) |
Reclassification to (earnings) loss |
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— |
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172 |
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1,101 |
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1,273 |
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Net current-period other comprehensive income (loss) |
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1,907 |
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(2,169 |
) |
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1,101 |
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839 |
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Balance at June 30, 2025 |
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$ |
(16,702 |
) |
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$ |
(4,569 |
) |
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$ |
— |
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$ |
(21,271 |
) |
(5) Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $(0.8) million for the six months ended June 30, 2025. (6) Other comprehensive income (loss) before reclassifications, net of tax expense (benefit) of $(0.4) million for the six months ended June 30, 2025.
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