v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Discontinued operations (usd per share) $ 0.02 $ 0.04 $ 0.02 $ 0.04
Earnings Per Share, Diluted $ 0.86 $ (0.88) $ 0.31 $ (1.39)
Income Tax Expense (Benefit) $ 45,379 $ 17,358 $ 52,443 $ 19,896
Continuing operations (usd per share) $ 0.84 $ (0.92) $ 0.29 $ (1.43)
Impairment expense $ 0 $ 31,515 $ 20,500 $ 31,515
Other Operating Income (Expense), Net 149 0 (10,234) 0
Gain on sale of discontinued operations, net of income tax 1,480 2,805 1,637 2,849
Income (loss) from continuing operations 79,609 (54,022) 48,693 (84,059)
Net revenues 424,042 478,690 850,897 932,465
Cost of Product and Service Sold 224,079 270,149 461,576 527,892
Gross profit 199,963 208,541 389,321 404,573
Operating expenses:        
Selling, general and administrative expense 134,337 162,112 266,347 312,489
Management fees 13,817 19,035 29,751 37,898
Amortization expense 22,686 23,117 45,530 46,468
Operating income (loss) 28,974 (27,238) 37,427 (23,797)
Other income (expense):        
Interest expense, net (23,895) (34,096) (51,390) (69,947)
Amortization of debt issuance costs (2,047) (971) (4,094) (2,096)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal 182,342 0 182,342 0
Increase (Decrease) Due from Affiliates (58,000) 0 (58,000) 0
Other income (expense), net (121) 1,713 (2,799) (11,968)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 127,253 (63,419) 103,486 (110,635)
Income Tax Expense (Benefit) 45,379 17,358 52,443 19,896
Income (loss) from continuing operations 81,874 (80,777) 51,043 (130,531)
Net income (loss) 83,354 (77,972) 52,680 (127,682)
Less: Net income (loss) from continuing operations attributable to noncontrolling interest (2,265) 26,755 (2,350) 46,472
Net income (loss) attributable to Holdings $ 81,089 $ (51,217) $ 50,330 $ (81,210)
Amounts attributable to Holdings        
Weighted average number of shares of trust stock outstanding – basic and fully diluted (in shares) 75,236 75,236 75,236 75,236
Cash distributions declared per share (refer to Note J) (usd per share) $ 0 $ 0.25 $ 0 $ 0.50
Velocity Outdoor [Member]        
Net revenues $ 17,109 $ 15,213 $ 30,935 $ 28,414