Company: CODI-PB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001345126-25-000015
Chunk: 269

Company: Compass Diversified Holdings
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 269
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 in interest rates and changes in the Company's net leverage ratio. The estimated fair value of the outstanding 2022 Term Loan is classified as Level 2 in the fair value hierarchy.Nonrecurring Fair Value MeasurementsThe following table provides the assets and liabilities carried at fair value measured on a non-recurring basis as of December 31, 2024 and December 31, 2023. Refer to "Note G – Goodwill and 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 tables below. There were no assets and liabilities carried at fair value measured on a non-recurring basis as of December 31, 2022.ExpenseFair Value Measurements at December 31, 2024Year ended(in thousands)CarryingValueLevel 1Level 2Level 3December 31, 2024Goodwill - Velocity$— — — $— $8,182 

ExpenseFair Value Measurements at December 31, 2023Year ended(in thousands)CarryingValueLevel 1Level 2Level 3December 31, 2023Goodwill - Velocity$8,182 $8,182 $31,591 Goodwill - PrimaLoft$232,536 $232,536 $57,810 

Note M — Noncontrolling Interest

Noncontrolling interest represents the portion of a majority-owned subsidiary’s net income and equity that is owned by noncontrolling shareholders.  The following tables reflect the Company’s percentage ownership of its businesses, as of December 31, 2024, 2023 and 2022 and related noncontrolling interest balances as of December 31, 2024 and 2023:% Ownership (1)December 31, 2024% Ownership (1)December 31, 2023% Ownership (1)December 31, 2022PrimaryFullyDilutedPrimaryFullyDilutedPrimaryFullyDiluted5.11 97.6 86.9 97.2 88.9 97.7 88.3 BOA91.7 83.0 91.8 83.2 91.8 83.5 Lugano59.9 55.0 59.9 55.5 59.9 55.2 PrimaLoft90.7 84.7 90.7