Company: CODI-PB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001345126-25-000015
Chunk: 285

Company: Compass Diversified Holdings
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 285
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, the first quarter of each fiscal year has the lower results than the remainder of the year, representing the Company's weakest quarter due to seasonality at our businesses.  The per share calculations for each of the quarters are based on the weighted average number of shares for each period using the two class method, which requires companies to allocate participating securities that have rights to earnings that otherwise would have been available only to common shareholders as a separate class of securities in calculating earnings per share; therefore, the sum of the quarters will not equal to the full year per share amount.(in thousands)December 31, 2024 (4) September 30, 2024 (3) June 30, 2024 (3)March 31, 2024 (1) (2)Total revenues$620,255 $560,868 $514,038 $503,072 Gross profit271,017 260,753 240,721 227,869 Operating income (loss)60,573 71,203 58,781 39,574 Income (loss) from continuing operations8,594 22,560 (20,636)(5,646)Income (loss) from discontinued operations(5,285)(496)1,107 653 Gain on sale of discontinued operations, net of tax8,612 — — 3,345 Net income (loss) attributable to Holdings$11,921 $22,064 $(19,529)$(1,648)Basic and fully diluted income (loss) per share attributable to Holdings:  Continuing operations$(0.10)$0.09 $(0.46)$(0.90)  Discontinued operations0.04 (0.01)0.01 0.05 Basic and fully diluted income (loss) per share attributable to Holdings$(0.06)$0.08 $(0.45)$(0.85)(1)  The Company sold its Marucci operating segment in the fourth quarter of 2023. In the first quarter of 2024, the LLC received a net working capital settlement of approximately $3.3 million related to Marucci, which was recognized as an additional gain on sale of discontinued operations, net of taxes. All prior periods are presented as discontinued operations.(2)    The Company recorded goodwill impairment of $8.2 million in the first quarter of 2024. Refer to "Note