v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Discontinued operations (usd per share) $ 0.01 $ (0.01) $ 0.03 $ 0.03
Earnings Per Share, Diluted $ 0.06 $ (1.21) $ 0.45 $ (2.50)
Income Tax Expense (Benefit) $ (20,140) $ 5,763 $ 32,303 $ 25,659
Continuing operations (usd per share) $ 0.05 $ (1.20) $ 0.42 $ (2.53)
Impairment expense $ 0 $ 0 $ 20,500 $ 31,515
Other Operating Income (Expense), Net 0 0 (10,234) 0
Gain (loss) on sale of discontinued operations, net of income tax 435 (523) 2,072 2,326
Income (loss) from continuing operations 21,109 (73,492) 69,802 (157,551)
Net revenues 422,930 472,562 1,273,827 1,405,027
Cost of Product and Service Sold 224,420 264,847 685,996 792,739
Gross profit 198,510 207,715 587,831 612,288
Operating expenses:        
Selling, general and administrative expense 130,362 179,315 396,709 491,804
Management fees 13,651 16,213 43,402 54,111
Amortization expense 22,652 23,254 68,182 69,722
Operating income (loss) 31,845 (11,067) 69,272 (34,864)
Other income (expense):        
Interest expense, net (21,769) (66,721) (73,159) (136,668)
Amortization of debt issuance costs (1,711) (826) (5,805) (2,922)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal (4,338) 0 178,004 0
Increase (Decrease) Due from Affiliates 303 0 (57,697) 0
Other income (expense), net (239) (2,343) (3,038) (14,311)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 3,053 (80,957) 106,539 (191,592)
Income Tax Expense (Benefit) (20,140) 5,763 32,303 25,659
Income (loss) from continuing operations 23,193 (86,720) 74,236 (217,251)
Net income (loss) 23,628 (87,243) 76,308 (214,925)
Less: Net income (loss) from continuing operations attributable to noncontrolling interest (2,084) 13,228 (4,434) 59,700
Net income (loss) attributable to Holdings $ 21,544 $ (74,015) $ 71,874 $ (155,225)
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 $ 0 $ 0.50
Velocity Outdoor [Member]        
Net revenues $ 29,719 $ 29,040 $ 60,654 $ 57,454