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Delaware
(州或其他管轄範圍
成立公司或組織) |
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3842
(主要標準工業
分類代碼號) |
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38-3873146
(I.R.S. Employer
識別碼) |
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Robert L. Lawrence, Esq.
Kane Kessler P.C. 600 Third Avenue, 35th Floor New York, New York 10016 (212) 519- 5103 |
| |
Robert W. Downes
Ekaterina Roze Sullivan&Cromwell LLP 布羅德街125號 紐約州紐約市,郵編:10004 (212) 558-4000 |
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Large accelerated filer
☐
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Accelerated filer ☐
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Non-accelerated filer
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較小的報告公司
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Emerging growth company
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PROSPECTUS SUMMARY
|
| | | | 1 | | |
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RISK FACTORS
|
| | | | 9 | | |
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關於前瞻性陳述的特別説明
|
| | | | 28 | | |
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INDUSTRY AND MARKET DATA
|
| | | | 30 | | |
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USE OF PROCEEDS
|
| | | | 31 | | |
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DIVIDEND POLICY
|
| | | | 32 | | |
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CAPITALIZATION
|
| | | | 33 | | |
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彙總合併財務數據
|
| | | | 34 | | |
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管理層對財務狀況和經營成果的討論和分析
|
| | | | 36 | | |
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BUSINESS
|
| | | | 54 | | |
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MANAGEMENT
|
| | | | 64 | | |
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高管和董事薪酬
|
| | | | 69 | | |
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某些關係和關聯方交易
|
| | | | 85 | | |
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本金股東和銷售股東
|
| | | | 88 | | |
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股本説明
|
| | | | 91 | | |
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有資格未來出售的股票
|
| | | | 94 | | |
|
針對非美國國家的重要美國聯邦所得税考慮因素
HOLDERS . |
| | | | 96 | | |
| UNDERWRITING | | | | | 100 | | |
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證券的有效期
|
| | | | 107 | | |
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EXPERTS
|
| | | | 107 | | |
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您可以在哪裏找到更多信息
|
| | | | 108 | | |
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財務報表索引
|
| | | | F-1 | | |
| | |
Three months ended March 31,
|
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Year Ended December 31,
|
| ||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
2021
|
| |
2020
|
| ||||||||||||
| | |
(Unaudited)
|
| |
(Unaudited)
|
| | | | | | | | | | | | | ||||||
Net sales
|
| | | $ | 104,406 | | | | | $ | 110,536 | | | | | $ | 427,288 | | | | | $ | 404,642 | | |
Cost of goods sold
|
| | | | 64,217 | | | | | | 66,577 | | | | | | 256,598 | | | | | | 251,704 | | |
Gross profit
|
| | | | 40,189 | | | | | | 43,959 | | | | | | 170,690 | | | | | | 152,938 | | |
Operating expenses | | | | | | | | | | | | | | | | | | | | | | | | | |
銷售、一般和行政管理
|
| | | | 53,950 | | | | | | 28,051 | | | | | | 114,962 | | | | | | 106,627 | | |
重組和交易成本
|
| | | | 599 | | | | | | 321 | | | | | | 3,430 | | | | | | 5,822 | | |
Related party expense
|
| | | | 122 | | | | | | 153 | | | | | | 579 | | | | | | 1,635 | | |
Other general expense (income)
|
| | | | — | | | | | | — | | | | | | — | | | | | | (10,950) | | |
Total operating expenses
|
| | | | 54,671 | | | | | | 28,525 | | | | | | 118,971 | | | | | | 103,134 | | |
Operating (loss) income
|
| | | | (14,482) | | | | | | 15,434 | | | | | | 51,719 | | | | | | 49,804 | | |
Other expense | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expense
|
| | | | (1,490) | | | | | | (5,044) | | | | | | (16,425) | | | | | | (24,388) | | |
債務清償損失
|
| | | | — | | | | | | — | | | | | | (15,155) | | | | | | (200) | | |
Other (expense) income, net
|
| | | | (205) | | | | | | (44) | | | | | | (947) | | | | | | 2,659 | | |
Total other expense, net
|
| | | | (1,695) | | | | | | (5,088) | | | | | | (32,527) | | | | | | (21,929) | | |
未計提收入準備前的(虧損)收入
taxes |
| | | | (16,177) | | | | | | 10,346 | | | | | | 19,192 | | | | | | 27,875 | | |
所得税福利(準備金)
|
| | | | 6,012 | | | | | | (3,482) | | | | | | (6,531) | | | | | | 10,578 | | |
Net (loss) income
|
| | | $ | (10,165) | | | | | $ | 6,864 | | | | | $ | 12,661 | | | | | $ | 38,453 | | |
Net (loss) income per share: | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic
|
| | | $ | (0.30) | | | | | $ | 0.25 | | | | | $ | 0.44 | | | | | $ | 1.40 | | |
Diluted
|
| | | $ | (0.30) | | | | | $ | 0.25 | | | | | $ | 0.44 | | | | | $ | 1.40 | | |
加權平均流通股: | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic
|
| | | | 34,446,318 | | | | | | 27,483,350 | | | | | | 28,598,692 | | | | | | 27,483,350 | | |
Diluted
|
| | | | 34,446,318 | | | | | | 27,483,350 | | | | | | 28,598,692 | | | | | | 27,483,350 | | |
| | |
Three months ended March 31,
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Year ended December 31,
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2022
|
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2021
|
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2021
|
| |
2020
|
| ||||||||||||
| | |
(Unaudited)
|
| |
(Unaudited)
|
| | | | | | | | | | | | | ||||||
經營活動提供的現金流
|
| | | $ | 8,916 | | | | | $ | 16,832 | | | | | $ | 40,094 | | | | | $ | 45,419 | | |
| | |
As of March 31, 2022
(Unaudited) |
| |||
Cash and cash equivalents
|
| | | $ | 9,877 | | |
Total assets
|
| | | | 320,998 | | |
Total liabilities
|
| | | | 225,053 | | |
Total shareholders’ equity
|
| | | | 95,945 | | |
| | |
Three months ended March 31,
|
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Year ended December 31,
|
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(In thousands)
|
| |
2022
|
| |
2021
|
| |
2021
|
| |
2020
|
| ||||||||||||
EBITDA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | $ | (11,143) | | | | | $ | 18,929 | | | | | $ | 49,335 | | | | | $ | 66,996 | | |
Adjusted EBITDA . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 14,219 | | | | | | 20,246 | | | | | | 71,384 | | | | | | 57,982 | | |
Capital expenditures . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | | 1,069 | | | | | | 788 | | | | | | 3,029 | | | | | | 4,708 | | |
Adjusted EBITDA conversion rate . . . . . . . . . . . . . .
|
| | | | 92% | | | | | | 96% | | | | | | 96% | | | | | | 92% | | |
| | |
As of
March 31, 2022 |
| | | | | | | |||||||||
(In thousands)
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Actual
|
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Pro Forma
|
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Pro Forma
as Adjusted |
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| | |
(Unaudited)
|
| | | | | | | | | | | | | |||
現金和現金等價物
|
| | | $ | 9,877 | | | | | $ | 9,877 | | | | | $ | | | |
Debt: | | | | | | | | | | | | | | | | | | | |
Revolver
|
| | | $ | — | | | | | $ | 35,000 | | | | | $ | | | |
長期債務的當期部分
|
| | | | 11,700 | | | | | | 11,700 | | | | | | | | |
Long-term debt
|
| | | | 144,661 | | | | | | 144,661 | | | | | | | | |
Total debt
|
| | | | 156,361 | | | | | | 191,361 | | | | | | | | |
優先股,每股面值0.0001美元,授權股份10,000,000股,無已發行和已發行股份實際、形式和調整後的形式
|
| | | | — | | | | | | — | | | | | | — | | |
Shareholders’ equity: | | | | | | | | | | | | | | | | | | | |
普通股,每股面值0.0001美元,授權股份190,000,000股,已發行和已發行實際及預計發行股份34,782,271股;每股面值0.0001美元,已授權股份190,000,000股,已發行股份和已發行預計發行股份
adjusted |
| | | | 3 | | | | | | 3 | | | | | | | | |
新增實收資本
|
| | | | 144,978 | | | | | | 144,978 | | | | | | | | |
累計其他綜合損失
|
| | | | 931 | | | | | | 931 | | | | | | | | |
累計赤字
|
| | | | (49,967) | | | | | | (49,967) | | | | | | | | |
股東權益總額
|
| | | | 95,945 | | | | | | 95,945 | | | | | | | | |
大寫
|
| | | $ | 252,306 | | | | | $ | 287,306 | | | | | $ | | | |
| | |
Three months ended March 31,
|
| |
Year Ended December 31,
|
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| | |
2022
|
| |
2021
|
| |
2021
|
| |
2020
|
| ||||||||||||
| | |
(Unaudited)
|
| |
(Unaudited)
|
| | | | | | | | | | | | | ||||||
Net sales
|
| | | $ | 104,406 | | | | | $ | 110,536 | | | | | $ | 427,288 | | | | | $ | 404,642 | | |
Cost of goods sold
|
| | | | 64,217 | | | | | | 66,577 | | | | | | 256,598 | | | | | | 251,704 | | |
Gross profit
|
| | | | 40,189 | | | | | | 43,959 | | | | | | 170,690 | | | | | | 152,938 | | |
Operating expenses | | | | | | | | | | | | | | | | | | | | | | | | | |
銷售、一般和行政管理
|
| | | | 53,950 | | | | | | 28,051 | | | | | | 114,962 | | | | | | 106,627 | | |
重組和交易成本
|
| | | | 599 | | | | | | 321 | | | | | | 3,430 | | | | | | 5,822 | | |
Related party expense
|
| | | | 122 | | | | | | 153 | | | | | | 579 | | | | | | 1,635 | | |
其他一般費用(收入)
|
| | | | — | | | | | | — | | | | | | — | | | | | | (10,950) | | |
總運營費用
|
| | | | 54,671 | | | | | | 28,525 | | | | | | 118,971 | | | | | | 103,134 | | |
Operating (loss) income
|
| | | | (14,482) | | | | | | 15,434 | | | | | | 51,719 | | | | | | 49,804 | | |
Other expense | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expense
|
| | | | (1,490) | | | | | | (5,044) | | | | | | (16,425) | | | | | | (24,388) | | |
債務清償損失
|
| | | | — | | | | | | — | | | | | | (15,155) | | | | | | (200) | | |
Other (expense) income, net
|
| | | | (205) | | | | | | (44) | | | | | | (947) | | | | | | 2,659 | | |
Total other expense, net
|
| | | | (1,695) | | | | | | (5,088) | | | | | | (32,527) | | | | | | (21,929) | | |
未計提收入準備前的(虧損)收入
taxes |
| | | | (16,177) | | | | | | 10,346 | | | | | | 19,192 | | | | | | 27,875 | | |
所得税福利(準備金)
|
| | | | 6,012 | | | | | | (3,482) | | | | | | (6,531) | | | | | | 10,578 | | |
Net (loss) income
|
| | | $ | (10,165) | | | | | $ | 6,864 | | | | | $ | 12,661 | | | | | $ | 38,453 | | |
每股淨(虧損)收益: | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic
|
| | | $ | (0.30) | | | | | $ | 0.25 | | | | | $ | 0.44 | | | | | $ | 1.40 | | |
Diluted
|
| | | $ | (0.30) | | | | | $ | 0.25 | | | | | $ | 0.44 | | | | | $ | 1.40 | | |
加權平均流通股: | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic
|
| | | | 34,446,318 | | | | | | 27,483,350 | | | | | | 28,598,692 | | | | | | 27,483,350 | | |
Diluted
|
| | | | 34,446,318 | | | | | | 27,483,350 | | | | | | 28,598,692 | | | | | | 27,483,350 | | |
| | |
Three months ended March 31,
|
| |
Year ended December 31,
|
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| | |
2022
|
| |
2021
|
| |
2021
|
| |
2020
|
| ||||||||||||
| | |
(Unaudited)
|
| |
(Unaudited)
|
| | | | | | | | | | | | | ||||||
經營活動提供的現金流
|
| | | $ | 8,916 | | | | | $ | 16,832 | | | | | $ | 40,094 | | | | | $ | 45,419 | | |
| | |
As of March 31, 2022
|
| |||
| | |
(Unaudited)
|
| |||
現金和現金等價物
|
| | | $ | 9,877 | | |
Total assets
|
| | | | 320,998 | | |
Total liabilities
|
| | | | 225,053 | | |
股東權益合計
|
| | | | 95,945 | | |
| | |
Three months ended March 31,
|
| |
Year ended December 31,
|
| ||||||||||||||||||
(In thousands)
|
| |
2022
|
| |
2021
|
| |
2021
|
| |
2020
|
| ||||||||||||
EBITDA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | $ | (11,143) | | | | | $ | 18,929 | | | | | $ | 49,335 | | | | | $ | 66,996 | | |
Adjusted EBITDA . . . . . . . . . . . . . . . . . . . . . . . . . .
|
| | | $ | 14,219 | | | | | $ | 20,246 | | | | | $ | 71,384 | | | | | $ | 57,982 | | |
Less: Capital expenditures . . . . . . . . . . . . . . . . . . . .
|
| | | | (1,069) | | | | | | (788) | | | | | | (3,029) | | | | | | (4,708) | | |
調整後的EBITDA減少資本支出。。。。。。。。。
|
| | | $ | 13,150 | | | | | $ | 19,458 | | | | | $ | 68,355 | | | | | $ | 53,274 | | |
Adjusted EBITDA conversion rate . . . . . . . . . . . . . .
|
| | | | 92% | | | | | | 96% | | | | | | 96% | | | | | | 92% | | |
| | |
Three months ended March 31,
|
| |
Year ended December 31,
|
| ||||||||||||||||||
(in thousands)
|
| |
2022
|
| |
2021
|
| |
2021
|
| |
2020
|
| ||||||||||||
Net sales
|
| | | $ | 104,406 | | | | | $ | 110,536 | | | | | $ | 427,288 | | | | | $ | 404,642 | | |
Net (loss) income
|
| | | $ | (10,165) | | | | | $ | 6,864 | | | | | $ | 12,661 | | | | | $ | 38,453 | | |
Adjusted EBITDA(1)
|
| | | $ | 14,219 | | | | | $ | 20,246 | | | | | $ | 71,384 | | | | | $ | 57,982 | | |
(in thousands)
|
| |
March 31,
2022 |
| |
December 31,
2021 |
| |
December 31,
2020 |
| |||||||||
Orders backlog
|
| | | $ | 117,146 | | | | | $ | 113,840 | | | | | $ | 131,814 | | |
| | |
Three months ended March 31,
|
| | | | | | | |
Year Ended December 31,
|
| | | | | | | ||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
% Chg
|
| |
2021
|
| |
2020
|
| |
% Chg
|
| ||||||||||||||||||
| | |
(Unaudited)
|
| |
(Unaudited)
|
| | | | | | | | | | | | | | | | | | | | | | | | | ||||||
Net sales
|
| | | $ | 104,406 | | | | | $ | 110,536 | | | | | | (5.5)% | | | | | $ | 427,288 | | | | | $ | 404,642 | | | | | | 5.6% | | |
Cost of goods sold
|
| | | | 64,217 | | | | | | 66,577 | | | | | | (3.5)% | | | | | | 256,598 | | | | | | 251,704 | | | | | | 1.9% | | |
Gross profit
|
| | | | 40,189 | | | | | | 43,959 | | | | | | (8.6)% | | | | | | 170,690 | | | | | | 152,938 | | | | | | 11.6% | | |
Operating expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
銷售、一般和行政管理
|
| | | | 53,950 | | | | | | 28,051 | | | | | | 92.3% | | | | | | 114,962 | | | | | | 106,627 | | | | | | 7.8% | | |
重組和交易成本
|
| | | | 599 | | | | | | 321 | | | | | | 86.6% | | | | | | 3,430 | | | | | | 5,822 | | | | | | (41.1)% | | |
Related party expense
|
| | | | 122 | | | | | | 153 | | | | | | (20.3)% | | | | | | 579 | | | | | | 1,635 | | | | | | (64.6)% | | |
其他一般費用(收入)
|
| | | | — | | | | | | — | | | | | | —% | | | | | | — | | | | | | (10,950) | | | | | | (100.0)% | | |
總運營費用
|
| | | | 54,671 | | | | | | 28,525 | | | | | | 91.7% | | | | | | 118,971 | | | | | | 103,134 | | | | | | 15.4% | | |
Operating (loss) income
|
| | | | (14,482) | | | | | | 15,434 | | | | | | (193.8)% | | | | | | 51,719 | | | | | | 49,804 | | | | | | 3.8% | | |
Other expense | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest expense
|
| | | | (1,490) | | | | | | (5,044) | | | | | | (70.5)% | | | | | | (16,425) | | | | | | (24,388) | | | | | | (32.7)% | | |
債務清償損失
|
| | | | — | | | | | | — | | | | | | — | | | | | | (15,155) | | | | | | (200) | | | | | | 7,477.5% | | |
Other (expense) income, net
|
| | | | (205) | | | | | | (44) | | | | | | 365.9% | | | | | | (947) | | | | | | 2,659 | | | | | | (135.6)% | | |
Total other expense, net
|
| | | | (1,695) | | | | | | (5,088) | | | | | | (66.7)% | | | | | | (32,527) | | | | | | (21,929) | | | | | | 48.3% | | |
未計提所得税準備的收入(虧損)
|
| | | | (16,177) | | | | | | 10,346 | | | | | | (256.4)% | | | | | | 19,192 | | | | | | 27,875 | | | | | | (31.1)% | | |
所得税福利(準備金)
|
| | | | 6,012 | | | | | | (3,482) | | | | | | (272.7)% | | | | | | (6,531) | | | | | | 10,578 | | | | | | (161.7)% | | |
Net (loss) income
|
| | | $ | (10,165) | | | | | $ | 6,864 | | | | | | (248.1)% | | | | | $ | 12,661 | | | | | $ | 38,453 | | | | | | (67.1)% | | |
| | |
Three months ended March 31, 2022
|
| |||||||||||||||||||||
| | |
Products
|
| |
Distribution
|
| |
Reconciling
Items(1) |
| |
Total
|
| ||||||||||||
Net sales
|
| | | $ | 85,386 | | | | | $ | 24,096 | | | | | $ | (5,076) | | | | | $ | 104,406 | | |
Cost of goods sold
|
| | | | 51,120 | | | | | | 18,172 | | | | | | (5,075) | | | | | | 64,217 | | |
Gross profit
|
| | | $ | 34,266 | | | | | $ | 5,924 | | | | | $ | (1) | | | | | $ | 40,189 | | |
| | |
Three months ended March 31, 2021
|
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| | |
Products
|
| |
Distribution
|
| |
Reconciling
Items(1) |
| |
Total
|
| ||||||||||||
Net sales
|
| | | $ | 93,818 | | | | | $ | 22,660 | | | | | $ | (5,942) | | | | | $ | 110,536 | | |
Cost of goods sold
|
| | | | 55,594 | | | | | | 16,921 | | | | | | (5,938) | | | | | | 66,577 | | |
Gross profit
|
| | | $ | 38,224 | | | | | $ | 5,739 | | | | | $ | (4) | | | | | $ | 43,959 | | |
| | |
Year ended December 31, 2021
|
| |||||||||||||||||||||
| | |
Products
|
| |
Distribution
|
| |
Reconciling
Items(1) |
| |
Total
|
| ||||||||||||
Net sales
|
| | | $ | 362,189 | | | | | $ | 90,043 | | | | | $ | (24,944) | | | | | $ | 427,288 | | |
Cost of goods sold
|
| | | | 213,881 | | | | | | 67,649 | | | | | | (24,932) | | | | | | 256,598 | | |
Gross profit
|
| | | $ | 148,308 | | | | | $ | 22,394 | | | | | $ | (12) | | | | | $ | 170,690 | | |
| | |
Year ended December 31, 2020
|
| |||||||||||||||||||||
| | |
Products
|
| |
Distribution
|
| |
Reconciling
Items(1) |
| |
Total
|
| ||||||||||||
Net sales
|
| | | $ | 343,689 | | | | | $ | 84,922 | | | | | $ | (23,969) | | | | | $ | 404,642 | | |
Cost of goods sold
|
| | | | 211,048 | | | | | | 64,761 | | | | | | (24,105) | | | | | | 251,704 | | |
Gross profit
|
| | | $ | 132,641 | | | | | $ | 20,161 | | | | | $ | 136 | | | | | $ | 152,938 | | |
| | |
Three Months Ended
March 31, |
| |
Year Ended
December 31, |
| ||||||||||||||||||
(in thousands)
|
| |
2022
|
| |
2021
|
| |
2021
|
| |
2020
|
| ||||||||||||
Net (loss) income
|
| | | $ | (10,165) | | | | | $ | 6,864 | | | | | $ | 12,661 | | | | | $ | 38,453 | | |
Add back:
|
| | | | | | | | | | | | | | | | | | | | | | | | |
折舊及攤銷
|
| | | | 3,544 | | | | | | 3,539 | | | | | | 13,718 | | | | | | 14,733 | | |
Interest expense
|
| | | | 1,490 | | | | | | 5,044 | | | | | | 16,425 | | | | | | 24,388 | | |
(福利)所得税撥備
|
| | | | (6,012) | | | | | | 3,482 | | | | | | 6,531 | | | | | | (10,578) | | |
EBITDA
|
| | | $ | (11,143) | | | | | $ | 18,929 | | | | | $ | 49,335 | | | | | $ | 66,996 | | |
Add back:
|
| | | | | | | | | | | | | | | | | | | | | | | | |
重組和交易成本(1)
|
| | | | 599 | | | | | | 321 | | | | | | 3,430 | | | | | | 5,822 | | |
其他一般費用(收入)(2)
|
| | | | — | | | | | | — | | | | | | — | | | | | | (10,950) | | |
債務清償損失(3)
|
| | | | — | | | | | | — | | | | | | 15,155 | | | | | | 200 | | |
Other expense (income), net(4)
|
| | | | 205 | | | | | | 44 | | | | | | 947 | | | | | | (2,659) | | |
或有對價(5)
|
| | | | — | | | | | | — | | | | | | — | | | | | | (1,427) | | |
基於股票的薪酬費用(6)
|
| | | | 23,723 | | | | | | — | | | | | | 355 | | | | | | — | | |
基於股票的薪酬工資税費用(7)
|
| | | | 298 | | | | | | — | | | | | | — | | | | | | — | | |
LTIP bonus(8)
|
| | | | 384 | | | | | | 952 | | | | | | 2,162 | | | | | | — | | |
| | |
Three Months Ended
March 31, |
| |
Year Ended
December 31, |
| ||||||||||||||||||
(in thousands)
|
| |
2022
|
| |
2021
|
| |
2021
|
| |
2020
|
| ||||||||||||
庫存遞增攤銷(9)
|
| | | | 153 | | | | | | — | | | | | | — | | | | | | — | | |
Adjusted EBITDA
|
| | | $ | 14,219 | | | | | $ | 20,246 | | | | | $ | 71,384 | | | | | $ | 57,982 | | |
減去:資本支出
|
| | | | (1,069) | | | | | | (788) | | | | | | (3,029) | | | | | | (4,708) | | |
調整後的EBITDA減少資本支出
|
| | | $ | 13,150 | | | | | $ | 19,458 | | | | | $ | 68,355 | | | | | $ | 53,274 | | |
調整後的EBITDA轉換率
|
| | | | 92% | | | | | | 96% | | | | | | 96% | | | | | | 92% | | |
| | |
Three Months Ended
March 31, |
| |
Year Ended
December 31, |
| ||||||||||||||||||
(in thousands)
|
| |
2022
|
| |
2021
|
| |
2021
|
| |
2020
|
| ||||||||||||
經營活動提供的現金淨額
|
| | | $ | 8,916 | | | | | $ | 16,832 | | | | | $ | 40,094 | | | | | $ | 45,419 | | |
投資活動提供的現金淨額(用於)
|
| | | | (20,737) | | | | | | (788) | | | | | | (2,832) | | | | | | 19,784 | | |
用於融資活動的現金淨額
|
| | | | (12,957) | | | | | | (1,490) | | | | | | (6,596) | | | | | | (64,902) | | |
外匯匯率對現金和現金等價物的影響
|
| | | | 798 | | | | | | 13 | | | | | | 318 | | | | | | 52 | | |
現金和現金等價物變化
|
| | | | (23,980) | | | | | | 14,567 | | | | | | 30,984 | | | | | | 353 | | |
期初現金和現金等價物
|
| | | | 33,857 | | | | | | 2,873 | | | | | | 2,873 | | | | | | 2,520 | | |
現金和現金等價物,期末
|
| | | $ | 9,877 | | | | | $ | 17,440 | | | | | $ | 33,857 | | | | | $ | 2,873 | | |
(in thousands)
|
| |
Total
|
| |
Less than
1 year |
| |
1-3 Years
|
| |
3-5 Years
|
| |
More than
5 Years |
| |||||||||||||||
Lease obligations(1)
|
| | | $ | 12,750 | | | | | $ | 4,336 | | | | | $ | 6,582 | | | | | $ | 1,797 | | | | | $ | 35 | | |
Debt(2)
|
| | | | 161,738 | | | | | | 13,174 | | | | | | 20,000 | | | | | | 128,564 | | | | | | — | | |
Interest on debt(3)
|
| | | | 16,523 | | | | | | 4,095 | | | | | | 7,406 | | | | | | 5,022 | | | | | | — | | |
合同總債務
|
| | | $ | 191,011 | | | | | $ | 21,605 | | | | | $ | 33,988 | | | | | $ | 135,383 | | | | | $ | 35 | | |
Primary Activity
|
| |
Location
|
| |
Country
|
| |
Owned/Leased
|
| |
Sq Ft
|
|
企業總部和製造業
|
| | 佛羅裏達州傑克遜維爾 | | |
USA
|
| |
Owned
|
| |
132,224
|
|
Manufacturing and R&D
|
| | 佛羅裏達州傑克遜維爾 | | |
USA
|
| |
Owned
|
| |
63,000
|
|
倉庫和配送
|
| | 佛羅裏達州傑克遜維爾 | | |
USA
|
| |
Leased
|
| |
27,405
|
|
Manufacturing and R&D
|
| | Ontario, California | | |
USA
|
| |
Leased
|
| |
41,475
|
|
Sales and R&D
|
| | Casper, Wyoming | | |
USA
|
| |
Owned
|
| |
44,000
|
|
製造和研發
|
| | Casper, Wyoming | | |
USA
|
| |
Owned
|
| |
10,500
|
|
製造 | | | Casper, Wyoming | | |
USA
|
| |
Owned
|
| |
21,000
|
|
Manufacturing
|
| | 馬薩諸塞州道爾頓 | | |
USA
|
| |
Leased
|
| |
33,862
|
|
Manufacturing
|
| | Dover, Tennessee | | |
USA
|
| |
Leased
|
| |
87,652
|
|
Manufacturing
|
| | Ogdensburg, New York | | |
USA
|
| |
Leased
|
| |
23,220
|
|
製造
|
| |
馬薩諸塞州西斯普林菲爾德
|
| |
USA
|
| |
Owned
|
| |
200,000
|
|
Manufacturing
|
| | 下加利福尼亞州提華納 | | |
Mexico
|
| |
Leased
|
| |
158,614
|
|
Sales and R&D
|
| | Ottawa, Ontario | | |
Canada
|
| |
Leased
|
| |
39,273
|
|
Manufacturing
|
| | Pembroke, Ontario | | |
Canada
|
| |
Leased
|
| |
26,154
|
|
Manufacturing
|
| | Arnprior, Ontario | | |
Canada
|
| |
Leased
|
| |
48,853
|
|
Manufacturing
|
| | 柴郡沃靈頓 | | |
UK
|
| |
Leased
|
| |
21,958
|
|
Manufacturing
|
| | Kaunas | | |
Lithuania
|
| |
Leased
|
| |
19,160
|
|
製造、銷售和研發
|
| | Fucecchio | | |
Italy
|
| |
Leased/Owned
|
| |
30,375
|
|
製造和銷售
|
| | Aix-en-Provence | | |
France
|
| |
Owned
|
| |
20,387
|
|
Product Category
|
| |
Ownership
|
| |
Number of
Patents Granted |
| |
Range of
Expiration Dates for Granted Patents |
| |
Number of
Pending Patent Applications |
| |
Range of
Expiration Dates (if Pending Patent Granted) |
|
Body Armor
|
| | Safariland, LLC | | |
38
|
| |
2022–2041
|
| |
1
|
| |
2040
|
|
Body Armor
|
| | 太平洋安全產品公司 | | |
1
|
| |
2023
|
| |
—
|
| |
—
|
|
Duty Gear | | | Safariland, LLC | | |
98
|
| |
2022–2040
|
| |
7
|
| |
2036–2041
|
|
Duty Gear | | | 雷達皮革事業部S.r.l。 | | |
64
|
| |
2022–2039
|
| |
3
|
| |
2037–2039
|
|
EOD | | | Med-Eng, LLC | | |
91
|
| |
2023–2045
|
| |
2
|
| |
2036–2040
|
|
Crowd Control | | | 國防科技有限責任公司 | | |
28
|
| |
2026–2038
|
| |
3
|
| |
2035–2041
|
|
Crowd Control | | | Safariland, LLC | | |
1
|
| |
2032
|
| |
—
|
| |
—
|
|
Other–Diversified | | | Safariland, LLC | | |
29
|
| |
2022–2038
|
| |
4
|
| |
2036–2041
|
|
Other | | | Cyalume Technologies | | |
37
|
| |
2022–2038
|
| |
14
|
| |
2038–2041
|
|
Name
|
| |
Age
|
| |
Position
|
| |||
Executive Officers: | | | | | | | | | | |
Warren B. Kanders
|
| | | | 64 | | | | 首席執行官 | |
Brad Williams
|
| | | | 48 | | | | President | |
Blaine Browers
|
| | | | 43 | | | | 首席財務官 | |
Directors: | | | | | | | | | | |
Warren B. Kanders
|
| | | | 64 | | | | 董事會執行主席 | |
Hamish Norton
|
| | | | 63 | | | | Director | |
Nicholas Sokolow
|
| | | | 72 | | | | Director | |
William Quigley
|
| | | | 61 | | | | Director | |
Deborah A. DeCotis
|
| | | | 69 | | | | Director | |
姓名和主要職務
|
| |
Year
|
| |
Salary ($)
|
| |
Bonus
($) |
| |
Stock
Awards ($)(1) |
| |
Option
Awards ($) |
| |
Non-Equity
Deferred Compensation Earnings |
| |
Non-qualified
Deferred Compensation Earnings |
| |
Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||||||||||||||
Warren B. Kanders
首席執行官 |
| | | | 2021 | | | | | | 1,000,000 | | | | | | 1,250,000 | | | | | | 9,300,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 147,338(2) | | | | | | 11,697,338 | | |
| | | | | 2020 | | | | | | 1,000,000 | | | | | | 700,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 74,562 | | | | | | 1,774,562 | | |
Brad Williams
President |
| | | | 2021 | | | | | | 452,610 | | | | | | 489,397 | | | | | | 930,000 | | | | | | | | | | | | 463,569 | | | | | | | | | | | | 34,142(3) | | | | | | 2,369,718 | | |
| | | | | 2020 | | | | | | 445,693 | | | | | | 540,338 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 29,558 | | | | | | 1,015,589 | | |
Blaine Browers
首席財務官 |
| | | | 2021 | | | | | | 336,825 | | | | | | 364,203 | | | | | | 697,500 | | | | | | — | | | | | | 344,981 | | | | | | — | | | | | | 34,444(4) | | | | | | 1,777,953 | | |
| | | | | 2020 | | | | | | 334,954 | | | | | | 402,112 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 33,097(4) | | | | | | 770,163 | | |
Name
|
| |
Fees
Earned or Paid in Cash ($) |
| |
Stock
Awards ($) |
| |
Option
Awards ($) |
| |
Non-Equity
Incentive Plan Compensation ($) |
| |
Change in
Pension Value and Non-qualified Deferred Compensation Earnings ($) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||||||||
Nicholas Sokolow
|
| | | | 213,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 175 | | | | | | 213,175 | | |
William Quigley
|
| | | | 66,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 66,000 | | |
Hamish Norton
|
| | | | 40,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 40,000 | | |
Deborah A.
DeCotis* |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Nate Ward**
|
| | | | 30,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 250,000 | | | | | | 280,000 | | |
Roger Werner**
|
| | | | 40,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 40,000 | | |
| | |
Common Stock
本次發行前擁有的 |
| |
Shares of
Common Stock Being Offered (no option) |
| |
Common Stock
本次發行後擁有的 |
| ||||||||||||||||||
Name of Beneficial Owner
|
| |
Number
|
| |
Percentage
|
| |
Number
|
| |
Percentage
|
| |||||||||||||||
董事和被任命的高管 | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
Warren B. Kanders(1)
|
| | | | 17,195,803 | | | | | | 49.44% | | | | | | 0 | | | | | | 17,195,803 | | | | | |
Nicholas Sokolow(2)
|
| | | | 1,071,899 | | | | | | 3.08% | | | | | | 0 | | | | | | 1,071,899 | | | | | |
William Quigley(3)
|
| | | | 15,834 | | | | | | * | | | | | | 0 | | | | | | 15,834 | | | | | |
Hamish Norton(4)
|
| | | | 15,834 | | | | | | * | | | | | | 0 | | | | | | 15,834 | | | | | |
Deborah A. DeCotis(5)
|
| | | | 8,000 | | | | | | * | | | | | | 0 | | | | | | 8,000 | | | | | |
Brad Williams(6)
|
| | | | 70,869 | | | | | | * | | | | | | 0 | | | | | | 70,869 | | | | | |
Blaine Browers(7)
|
| | | | 54,112 | | | | | | * | | | | | | 0 | | | | | | 54,112 | | | | | |
所有董事和高管作為一個羣體
(7 persons)(8) |
| | | | 18,432,351 | | | | | | 52.94% | | | | | | 0 | | | | | | 18,432,351 | | | | | |
5%的股東和出售股東
|
| | | | | | | | | | | | | | | | | | | | | |||||||
Nathan Ward(9)
|
| | | | 3,062,553 | | | | | | 8.8% | | | | | | 0 | | | | | | | | | | | |
Palm Beach Capital Fund III, L.P.(10)
|
| | | | 2,802,673 | | | | | | 8.1% | | | | | | 2,802,673 | | | | | | | | | | | |
Wynnefield Capital(11)
|
| | | | 1,793,310 | | | | | | 5.16% | | | | | | 0 | | | | | | 1,793,310 | | | | | |
| | |
Common Stock
本次發行前擁有的 |
| |
Shares of
Common Stock Being Offered (with option) |
| |
Common Stock
本次發行後擁有的 |
| | | |||||||||||||||||||
Name of Beneficial Owner
|
| |
Number
|
| |
Percentage
|
| |
Number
|
| |
Percentage
|
| | | ||||||||||||||||
董事和被任命的高管 | | | | | | | | | | | | | | | | | | | |||||||||||||
Warren B. Kanders(1)
|
| | | | 17,195,803 | | | | | | 49.44% | | | | | | 0 | | | | | | | | | | | ||||
Nicholas Sokolow(2)
|
| | | | 1,071,899 | | | | | | 3.08% | | | | | | 0 | | | | | | | | | | | ||||
William Quigley(3)
|
| | | | 15,834 | | | | | | * | | | | | | 0 | | | | | | | | | | | ||||
Hamish Norton(4)
|
| | | | 15,834 | | | | | | * | | | | | | 0 | | | | | | | | | | | ||||
Deborah A. DeCotis(5)
|
| | | | 8,000 | | | | | | * | | | | | | 0 | | | | | | | | | | | ||||
Brad Williams(6)
|
| | | | 70,869 | | | | | | * | | | | | | 0 | | | | | | | | | | | ||||
Blaine Browers(7)
|
| | | | 54,112 | | | | | | * | | | | | | 0 | | | | | | | | | | | ||||
全體董事和高管(7人)(8人)
|
| | | | 18,432,351 | | | | | | 52.94% | | | | | | 0 | | | | | | | | | | | | | | |
5%的股東和出售股東
|
| | | | | | | | | | | | | | | | | | | | | | | ||||||||
Nathan Ward(9)
|
| | | | 3,062,553 | | | | | | 8.8% | | | | | | 253,422 | | | | | | | | | | | ||||
Palm Beach Capital Fund III, L.P.(10)
|
| | | | 2,802,673 | | | | | | 8.1% | | | | | | 2,802,673 | | | | | | | | | | | ||||
Wynnefield Capital(11)
|
| | | | 1,793,310 | | | | | | 5.16% | | | | | | 0 | | | | | | | | | | |
Underwriter
|
| |
Number of
Shares |
|
美國銀行證券公司
|
| |
|
|
Jefferies LLC
|
| | | |
| | | | |
Total
|
| | | |
| | |
Per Share
|
| |
Without Option
|
| |
With Option
|
| |||||||||
公開發行價
|
| | | $ | | | | | $ | | | | | $ | | | |||
承保折扣
|
| | | $ | | | | | | $ | | | | | | $ | | | |
扣除費用前的收益歸Cadre Holdings,Inc.
|
| | | $ | | | | | | $ | | | | | | $ | | | |
| | |
Per Share
|
| |
Without Option
|
| |
With Option
|
| |||||||||
公開發行價
|
| | | $ | | | | | | $ | | | | | | $ | | | |
承保折扣
|
| | | $ | | | | | | $ | | | | | | $ | | | |
出售股東未計費用的收益
|
| | | $ | | | | | $ | | | | | $ | | | |
| | |
Page
|
| |||
獨立註冊會計師事務所報告
|
| | | | F-2 | | |
截至2021年12月31日和2020年12月31日的合併資產負債表
|
| | | | F-3 | | |
截至2021年12月31日和2020年12月31日的合併營業和全面收益報表
|
| | | | F-4 | | |
截至2021年12月31日和2020年12月31日的年度現金流量表合併報表
|
| | | | F-5 | | |
截至2021年12月31日和2020年12月31日的股東權益(虧損)合併報表
|
| | | | F-6 | | |
合併財務報表附註
|
| | | | F-7 | | |
|
合併資產負債表
|
| | | | F-36 | | |
|
合併經營報表和全面(虧損)收益
|
| | | | F-37 | | |
|
現金流量表合併報表
|
| | | | F-38 | | |
|
股東權益合併報表
|
| | | | F-39 | | |
|
合併財務報表附註(未經審計)
|
| | | | F-40 | | |
| | |
2021
|
| |
2020
|
| ||||||
Assets | | | | | | | | | | | | | |
Current assets | | | | | | | | | | | | | |
現金和現金等價物
|
| | | $ | 33,857 | | | | | $ | 2,873 | | |
Accounts receivable, net
|
| | | | 48,344 | | | | | | 43,646 | | |
Inventories
|
| | | | 63,978 | | | | | | 60,923 | | |
Prepaid expenses
|
| | | | 10,353 | | | | | | 6,665 | | |
Other current assets
|
| | | | 3,171 | | | | | | 3,362 | | |
Assets held for sale
|
| | | | 278 | | | | | | — | | |
Total current assets
|
| | | | 159,981 | | | | | | 117,469 | | |
財產和設備,淨額
|
| | | | 33,053 | | | | | | 35,437 | | |
Deferred tax assets, net
|
| | | | 7,059 | | | | | | 12,900 | | |
Intangible assets, net
|
| | | | 42,415 | | | | | | 51,009 | | |
Goodwill
|
| | | | 66,262 | | | | | | 66,314 | | |
Other assets
|
| | | | 3,026 | | | | | | 150 | | |
Total assets
|
| | | $ | 311,796 | | | | | $ | 283,279 | | |
負債、夾層股權和股東權益 | | | | | | | | | | | | | |
流動負債 | | | | | | | | | | | | | |
Accounts payable
|
| | | $ | 19,328 | | | | | $ | 21,978 | | |
Accrued liabilities
|
| | | | 40,736 | | | | | | 36,004 | | |
Income tax payable
|
| | | | 1,255 | | | | | | 1,005 | | |
待售負債
|
| | | | 128 | | | | | | — | | |
長期債務的當前部分
|
| | | | 13,174 | | | | | | 3,496 | | |
流動負債總額
|
| | | | 74,621 | | | | | | 62,483 | | |
Long-term debt
|
| | | | 146,516 | | | | | | 209,310 | | |
遞延納税義務
|
| | | | 1,297 | | | | | | 2,085 | | |
Other liabilities
|
| | | | 722 | | | | | | 550 | | |
Total liabilities
|
| | | | 223,156 | | | | | | 274,428 | | |
承付款和或有事項(附註13) | | | | | | | | | | | | | |
Mezzanine equity | | | | | | | | | | | | | |
優先股(面值0.0001美元,授權股份1,000萬股,未發行股份
截至2021年12月31日和2020年12月31日的未償還債務) |
| | | | — | | | | | | — | | |
Shareholders’ equity | | | | | | | | | | | | | |
普通股(截至2021年12月31日和2020年12月31日,分別為面值0.0001美元,授權股份190,000,000股,已發行和已發行股份34,383,350股和27,483,350股)
|
| | | | 3 | | | | | | 3 | | |
新增實收資本
|
| | | | 127,606 | | | | | | 48,670 | | |
累計其他綜合損失
|
| | | | (1,917) | | | | | | (2,860) | | |
Accumulated deficit
|
| | | | (37,052) | | | | | | (36,962) | | |
股東權益合計
|
| | | | 88,640 | | | | | | 8,851 | | |
總負債、夾層權益和股東權益
|
| | | $ | 311,796 | | | | | $ | 283,279 | | |
| | |
2021
|
| |
2020
|
| ||||||
Net sales
|
| | | $ | 427,288 | | | | | $ | 404,642 | | |
Cost of goods sold
|
| | | | 256,598 | | | | | | 251,704 | | |
Gross profit
|
| | | | 170,690 | | | | | | 152,938 | | |
Operating expenses | | | | | | | | | | | | | |
銷售、一般和行政管理
|
| | | | 114,962 | | | | | | 106,627 | | |
重組和交易成本
|
| | | | 3,430 | | | | | | 5,822 | | |
Related party expense
|
| | | | 579 | | | | | | 1,635 | | |
其他一般費用(收入)
|
| | | | — | | | | | | (10,950) | | |
總運營費用
|
| | | | 118,971 | | | | | | 103,134 | | |
Operating income
|
| | | | 51,719 | | | | | | 49,804 | | |
Other expense | | | | | | | | | | | | | |
Interest expense
|
| | | | (16,425) | | | | | | (24,388) | | |
債務清償損失
|
| | | | (15,155) | | | | | | (200) | | |
Other (expense) income, net
|
| | | | (947) | | | | | | 2,659 | | |
Total other expense, net
|
| | | | (32,527) | | | | | | (21,929) | | |
未計提所得税準備的收入
|
| | | | 19,192 | | | | | | 27,875 | | |
(撥備)所得税福利
|
| | | | (6,531) | | | | | | 10,578 | | |
Net income
|
| | | $ | 12,661 | | | | | $ | 38,453 | | |
Net income per share: | | | | | | | | | | | | | |
Basic
|
| | | $ | 0.44 | | | | | $ | 1.40 | | |
Diluted
|
| | | $ | 0.44 | | | | | $ | 1.40 | | |
加權平均流通股: | | | | | | | | | | | | | |
Basic
|
| | | | 28,598,692 | | | | | | 27,483,350 | | |
Diluted
|
| | | | 28,598,692 | | | | | | 27,483,350 | | |
Net income
|
| | | $ | 12,661 | | | | | $ | 38,453 | | |
其他綜合收益: | | | | | | | | | | | | | |
未實現的持有收益,税後淨額(1)
|
| | | | 767 | | | | | | — | | |
淨收入中包含的收益的重新分類調整,扣除
tax(2) |
| | | | 146 | | | | | | — | | |
利率互換未實現收益總額,税後淨額
|
| | | | 913 | | | | | | — | | |
外幣折算調整,税後淨額(3)
|
| | | | 30 | | | | | | 420 | | |
其他綜合(虧損)收入
|
| | | | 943 | | | | | | 420 | | |
綜合收益,税後淨額
|
| | | $ | 13,604 | | | | | $ | 38,873 | | |
| | |
Year Ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
經營活動現金流: | | | | | | | | | | | | | |
Net income
|
| | | $ | 12,661 | | | | | $ | 38,453 | | |
將淨收益與經營活動提供的現金淨額進行調整:
|
| | | | | | | | | | | | |
折舊及攤銷
|
| | | | 13,718 | | | | | | 14,733 | | |
攤銷原發行貼現和債務發行成本
|
| | | | 3,193 | | | | | | 2,216 | | |
債務清償損失
|
| | | | 15,155 | | | | | | 200 | | |
出售業務收到的非現金對價
|
| | | | — | | | | | | (9,197) | | |
Deferred income taxes
|
| | | | 4,772 | | | | | | (12,248) | | |
股票薪酬
|
| | | | 355 | | | | | | — | | |
固定資產銷售收益
|
| | | | — | | | | | | (6,240) | | |
或有對價結算收益
|
| | | | — | | | | | | (1,427) | | |
股權證券結算虧損
|
| | | | — | | | | | | 2,288 | | |
應收賬款損失準備
|
| | | | (188) | | | | | | 177 | | |
匯兑損失(收益)
|
| | | | 102 | | | | | | (940) | | |
經營性資產和負債變動:
|
| | | | | | | | | | | | |
Accounts receivable
|
| | | | (4,641) | | | | | | 11,811 | | |
Inventories
|
| | | | (3,189) | | | | | | 1,639 | | |
預付費用和其他資產
|
| | | | (4,564) | | | | | | 1,837 | | |
應付帳款和其他負債
|
| | | | 2,720 | | | | | | 2,117 | | |
經營活動提供的現金淨額
|
| | | | 40,094 | | | | | | 45,419 | | |
投資活動現金流: | | | | | | | | | | | | | |
購置物業和設備
|
| | | | (2,832) | | | | | | (4,708) | | |
處置財產和設備所得收益
|
| | | | — | | | | | | 12,408 | | |
出售股權證券的收益
|
| | | | — | | | | | | 14,372 | | |
股權證券結算付款
|
| | | | — | | | | | | (2,288) | | |
投資活動提供的現金淨額(用於)
|
| | | | (2,832) | | | | | | 19,784 | | |
融資活動的現金流: | | | | | | | | | | | | | |
循環信貸融資收益
|
| | | | 257,980 | | | | | | 382,056 | | |
循環信貸本金支付
|
| | | | (258,612) | | | | | | (384,215) | | |
Proceeds from term loans
|
| | | | 198,716 | | | | | | 219,586 | | |
定期貸款本金支付
|
| | | | (266,000) | | | | | | (276,444) | | |
保費融資收益
|
| | | | 5,010 | | | | | | 2,733 | | |
保費融資本金支付
|
| | | | (3,061) | | | | | | (2,897) | | |
支付資本租賃費用
|
| | | | (43) | | | | | | (43) | | |
支付或有對價
|
| | | | — | | | | | | (240) | | |
支付債務修改費用
|
| | | | — | | | | | | (5,438) | | |
支付發債成本
|
| | | | (2,198) | | | | | | — | | |
債務清償付款
|
| | | | (4,217) | | | | | | — | | |
首次公開發行的收益,扣除承銷商折扣後的淨額
|
| | | | 83,421 | | | | | | — | | |
延期提供成本付款
|
| | | | (4,841) | | | | | | — | | |
派發股息
|
| | | | (12,751) | | | | | | — | | |
用於融資活動的現金淨額
|
| | | | (6,596) | | | | | | (64,902) | | |
外匯匯率對現金和現金等價物的影響
|
| | | | 318 | | | | | | 52 | | |
現金和現金等價物變化
|
| | | | 30,984 | | | | | | 353 | | |
期初現金和現金等價物
|
| | | | 2,873 | | | | | | 2,520 | | |
現金和現金等價物,期末
|
| | | $ | 33,857 | | | | | $ | 2,873 | | |
| | |
Common Stock
|
| |
Additional
Paid-In Capital |
| |
Accumulated
Other Comprehensive Loss |
| |
Accumulated
Deficit |
| |
Shareholders’
Equity (Deficit) |
| |||||||||||||||||||||
| | |
Shares
|
| |
Amount
|
| ||||||||||||||||||||||||||||||
Balance, December 31, 2019
|
| | | | 27,483,350 | | | | | $ | 3 | | | | | $ | 48,670 | | | | | $ | (3,280) | | | | | $ | (75,415) | | | | | $ | (30,022) | | |
Net income
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 38,453 | | | | | | 38,453 | | |
外幣折算調整
|
| | | | — | | | | | | — | | | | | | — | | | | | | 420 | | | | | | — | | | | | | 420 | | |
Balance, December 31, 2020
|
| | | | 27,483,350 | | | | | $ | 3 | | | | | $ | 48,670 | | | | | $ | (2,860) | | | | | $ | (36,962) | | | | | $ | 8,851 | | |
Net income
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,661 | | | | | | 12,661 | | |
首次發行普通股
public offering, net of 承銷商折扣和 issuance costs |
| | | | 6,900,000 | | | | | | — | | | | | | 78,581 | | | | | | | | | | | | — | | | | | | 78,581 | | |
Dividends declared
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (12,751) | | | | | | (12,751) | | |
股票薪酬
|
| | | | — | | | | | | — | | | | | | 355 | | | | | | — | | | | | | — | | | | | | 355 | | |
外幣折算調整
|
| | | | — | | | | | | — | | | | | | — | | | | | | 30 | | | | | | — | | | | | | 30 | | |
衍生工具公允價值變動
|
| | | | — | | | | | | — | | | | | | — | | | | | | 913 | | | | | | — | | | | | | 913 | | |
Balance, December 31, 2021
|
| | | | 34,383,350 | | | | | $ | 3 | | | | | $ | 127,606 | | | | | $ | (1,917) | | | | | $ | (37,052) | | | | | $ | 88,640 | | |
|
建築和改善
|
| |
5 to 39 years
|
|
|
傢俱和固定裝置
|
| |
2 to 10 years
|
|
|
計算機硬件和軟件
|
| |
3 to 5 years
|
|
|
機械設備
|
| |
3 to 8 years
|
|
| | |
Year ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
期初應計保修費用
|
| | | $ | 1,133 | | | | | $ | 2,114 | | |
Current period claims
|
| | | | (399) | | | | | | (442) | | |
本期銷售額撥備
|
| | | | 522 | | | | | | 307 | | |
會計估計變更的影響
|
| | | | — | | | | | | (846) | | |
期末應計保修費用
|
| | | $ | 1,256 | | | | | $ | 1,133 | | |
| | |
Year ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
基本每股收益和稀釋後每股收益的分子: | | | | | | | | | | | | | |
Net income
|
| | | $ | 12,661 | | | | | $ | 38,453 | | |
Denominator: | | | | | | | | | | | | | |
加權平均流通股-基本
|
| | | | 28,598,692 | | | | | | 27,483,350 | | |
稀釋加權平均流通股
|
| | | | 28,598,692 | | | | | | 27,483,350 | | |
Net income per share:
|
| | | | | | | | | | | | |
Basic
|
| | | $ | 0.44 | | | | | $ | 1.40 | | |
Diluted
|
| | | $ | 0.44 | | | | | $ | 1.40 | | |
| | |
Year ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
壞賬期初準備
|
| | | $ | 1,113 | | | | | $ | 1,345 | | |
Provision
|
| | | | (188) | | | | | | 177 | | |
Write-offs
|
| | | | (280) | | | | | | (409) | | |
壞賬準備期末
|
| | | $ | 645 | | | | | $ | 1,113 | | |
| | |
Year ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
U.S. state and local agencies(a)
|
| | | $ | 231,095 | | | | | $ | 230,706 | | |
Commercial
|
| | | | 34,860 | | | | | | 35,648 | | |
U.S. federal agencies
|
| | | | 47,575 | | | | | | 63,267 | | |
International
|
| | | | 107,503 | | | | | | 68,669 | | |
Other
|
| | | | 6,255 | | | | | | 6,352 | | |
Net sales
|
| | | $ | 427,288 | | | | | $ | 404,642 | | |
| | |
Year ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
United States
|
| | | $ | 319,785 | | | | | $ | 335,973 | | |
International
|
| | | | 107,503 | | | | | | 68,669 | | |
| | | | $ | 427,288 | | | | | $ | 404,642 | | |
| | |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |
Total
|
| ||||||||||||
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest rate swap (Note 10)
|
| | | $ | — | | | | | $ | 1,607 | | | | | $ | — | | | | | $ | 1,607 | | |
按公允價值計算的總資產
|
| | | $ | — | | | | | $ | 1,607 | | | | | $ | — | | | | | $ | 1,607 | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest rate swap (Note 10)
|
| | | $ | — | | | | | $ | 389 | | | | | $ | — | | | | | $ | 389 | | |
按公允價值計算的總負債
|
| | | $ | — | | | | | $ | 389 | | | | | $ | — | | | | | $ | 389 | | |
| | |
December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
Finished goods
|
| | | $ | 28,707 | | | | | $ | 25,986 | | |
Work-in-process
|
| | | | 4,053 | | | | | | 3,741 | | |
原材料和用品
|
| | | | 31,218 | | | | | | 31,196 | | |
| | | | $ | 63,978 | | | | | $ | 60,923 | | |
| | |
December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
Land
|
| | | $ | 4,620 | | | | | $ | 4,620 | | |
建築和改進
|
| | | | 17,556 | | | | | | 17,367 | | |
Furniture and fixtures
|
| | | | 1,209 | | | | | | 1,288 | | |
計算機硬件和軟件
|
| | | | 23,547 | | | | | | 23,125 | | |
機械設備
|
| | | | 21,795 | | | | | | 22,162 | | |
施工中
|
| | | | 1,497 | | | | | | 518 | | |
| | | | | 70,224 | | | | | | 69,080 | | |
減去累計折舊
|
| | | | (37,171) | | | | | | (33,643) | | |
| | | | $ | 33,053 | | | | | $ | 35,437 | | |
| | |
Products
|
| |
Distribution
|
| |
Total
|
| |||||||||
Balance, December 31, 2019
|
| | | $ | 63,564 | | | | | $ | 2,616 | | | | | $ | 66,180 | | |
外幣折算調整
|
| | | | 134 | | | | | | — | | | | | | 134 | | |
Balance, December 31, 2020
|
| | | $ | 63,698 | | | | | $ | 2,616 | | | | | $ | 66,314 | | |
外幣折算調整
|
| | | | (52) | | | | | | — | | | | | | (52) | | |
Balance, December 31, 2021
|
| | | $ | 63,646 | | | | | $ | 2,616 | | | | | $ | 66,262 | | |
| | |
December 31, 2021
|
| ||||||||||||||||||
| | |
Gross
|
| |
Accumulated
amortization |
| |
Net
|
| |
Weighted
Average Useful Life |
| |||||||||
明確活着的無形資產: | | | | | | | | | | | | | | | | | | | | | | |
客户關係
|
| | | $ | 74,078 | | | | | $ | (52,536) | | | | | $ | 21,542 | | | |
11
|
|
Technology
|
| | | | 11,978 | | | | | | (10,988) | | | | | | 990 | | | |
7
|
|
Tradenames
|
| | | | 6,473 | | | | | | (3,264) | | | | | | 3,209 | | | |
4
|
|
Non-compete agreements
|
| | | | 1,037 | | | | | | (1,037) | | | | | | — | | | |
4
|
|
| | | | $ | 93,566 | | | | | $ | (67,825) | | | | | $ | 25,741 | | | | | |
無限活着的無形資產: | | | | | | | | | | | | | | | | | | | | | | |
Tradenames
|
| | | | 16,674 | | | | | | — | | | | | | 16,674 | | | |
Indefinite
|
|
Total
|
| | | $ | 110,240 | | | | | $ | (67,825) | | | | | $ | 42,415 | | | | | |
| | |
December 31, 2020
|
| ||||||||||||||||||
| | |
Gross
|
| |
Accumulated
amortization |
| |
Net
|
| |
Weighted
Average Useful Life |
| |||||||||
明確活着的無形資產: | | | | | | | | | | | | | | | | | | | | | | |
客户關係
|
| | | $ | 74,123 | | | | | $ | (45,815) | | | | | $ | 28,308 | | | |
11
|
|
Technology
|
| | | | 11,991 | | | | | | (10,333) | | | | | | 1,658 | | | |
7
|
|
Tradenames
|
| | | | 6,490 | | | | | | (2,135) | | | | | | 4,355 | | | |
4
|
|
Non-compete agreements
|
| | | | 1,041 | | | | | | (1,027) | | | | | | 14 | | | |
4
|
|
| | | | $ | 93,645 | | | | | $ | (59,310) | | | | | $ | 34,335 | | | | | |
無限活着的無形資產: | | | | | | | | | | | | | | | | | | | | | | |
Tradenames
|
| | | | 16,674 | | | | | | — | | | | | | 16,674 | | | |
Indefinite
|
|
Total
|
| | | $ | 110,319 | | | | | $ | (59,310) | | | | | $ | 51,009 | | | | | |
|
2022
|
| | | $ | 7,682 | | |
|
2023
|
| | | | 6,753 | | |
|
2024
|
| | | | 3,855 | | |
|
2025
|
| | | | 1,855 | | |
|
2026
|
| | | | 1,440 | | |
|
Thereafter
|
| | | | 4,156 | | |
| | | | | $ | 25,741 | | |
| | |
December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
Accrued expenses
|
| | | $ | 3,226 | | | | | $ | 4,257 | | |
應計薪酬和工資税
|
| | | | 19,227 | | | | | | 18,745 | | |
應計應付利息
|
| | | | 70 | | | | | | 703 | | |
應計保修費用
|
| | | | 1,256 | | | | | | 1,133 | | |
遞延收入和客户信用餘額
|
| | | | 12,605 | | | | | | 7,262 | | |
其他應計負債
|
| | | | 4,352 | | | | | | 3,904 | | |
| | | | $ | 40,736 | | | | | $ | 36,004 | | |
| | |
December 31, 2021
|
| |
December 31, 2020
|
| ||||||
Short-term debt: | | | | | | | | | | | | | |
保險費融資
|
| | | $ | 3,174 | | | | | $ | 1,225 | | |
定期貸款的當前部分
|
| | | | 10,000 | | | | | | 2,251 | | |
Current portion of other
|
| | | | — | | | | | | 20 | | |
| | | | $ | 13,174 | | | | | $ | 3,496 | | |
Long-term debt: | | | | | | | | | | | | | |
Revolver
|
| | | | — | | | | | | — | | |
Term loan
|
| | | | 148,564 | | | | | | 222,187 | | |
Other
|
| | | | — | | | | | | 128 | | |
| | | | $ | 148,564 | | | | | $ | 222,315 | | |
未攤銷債務貼現和債務發行成本
|
| | | | (2,048) | | | | | | (13,005) | | |
Total long-term debt, net
|
| | | $ | 146,516 | | | | | $ | 209,310 | | |
|
2022
|
| | | $ | 10,000 | | |
|
2023
|
| | | | 10,000 | | |
|
2024
|
| | | | 10,000 | | |
|
2025
|
| | | | 10,000 | | |
|
2026
|
| | | | 118,564 | | |
|
Thereafter
|
| | | | — | | |
|
本金支付總額
|
| | | $ | 158,564 | | |
Effective date
|
| |
Notional amount
|
| |
Fixed rate
|
| ||||||
September 30, 2021 through July 23, 2026
|
| | | $ | 100,000 | | | | | | 0.875% | | |
| | |
December 31,
|
| |||||||||
Balance sheet accounts
|
| |
2021
|
| |
2020
|
| ||||||
Other assets
|
| | | $ | 1,607 | | | | | $ | — | | |
Accrued liabilities
|
| | | $ | 389 | | | | | $ | — | | |
|
Number issued
|
| |
2,600,000
|
|
|
Vesting period
|
| |
$40.00 stock price target
|
|
|
Grant price (per share)
|
| |
$4.65
|
|
|
Dividend yield
|
| |
0.0%
|
|
|
Expected volatility
|
| |
32.08%
|
|
|
Risk-free interest rate
|
| |
1.59%
|
|
|
Expected term (years)
|
| |
5.67
|
|
| | |
Number of RSAs
|
| |
Weighted
Average Grant Date Fair Value |
| ||||||
Outstanding at December 31, 2020
|
| | | | — | | | | | | — | | |
Granted
|
| | | | 2,600,000 | | | | | $ | 4.65 | | |
Vested
|
| | | | — | | | | | | — | | |
Forfeited
|
| | | | — | | | | | | — | | |
Outstanding at December 31, 2021
|
| | | | 2,600,000 | | | | | $ | 4.65 | | |
| | |
Capital Leases
|
| |
Operating Leases
|
| ||||||
2022
|
| | | | 43 | | | | | | 4,293 | | |
2023
|
| | | | 4 | | | | | | 3,853 | | |
2024
|
| | | | — | | | | | | 2,725 | | |
2025
|
| | | | — | | | | | | 1,391 | | |
2026
|
| | | | — | | | | | | 406 | | |
Thereafter
|
| | | | — | | | | | | 35 | | |
最低租金總額
|
| | | $ | 47 | | | | | $ | 12,703 | | |
減去:代表利息的金額
|
| | | | (11) | | | | | | | | |
資本租賃義務
|
| | | $ | 36 | | | | | | | | |
| | |
Year ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
U.S. operations
|
| | | $ | 18,243 | | | | | $ | 23,776 | | |
Foreign operations
|
| | | | 949 | | | | | | 4,099 | | |
所得税税前收益
|
| | | $ | 19,192 | | | | | $ | 27,875 | | |
| | |
Year ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
當期計提税額: | | | | | | | | | | | | | |
Federal
|
| | | $ | — | | | | | $ | — | | |
State
|
| | | | (907) | | | | | | (188) | | |
Foreign
|
| | | | (852) | | | | | | (1,482) | | |
當前撥備總額
|
| | | | (1,759) | | | | | | (1,670) | | |
遞延税金(撥備)優惠: | | | | | | | | | | | | | |
Federal
|
| | | | (4,704) | | | | | | 10,233 | | |
State
|
| | | | (897) | | | | | | 1,949 | | |
Foreign
|
| | | | 829 | | | | | | 66 | | |
遞延(撥備)總收益
|
| | | | (4,772) | | | | | | 12,248 | | |
所得税(撥備)總收益
|
| | | $ | (6,531) | | | | | $ | 10,578 | | |
| | |
Year ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
Federal statutory rate
|
| | | | 21.0% | | | | | | 21.0% | | |
因以下原因增加(減少)所得税: | | | | | | | | | | | | | |
州所得税,扣除聯邦所得税後的淨額
|
| | | | 8.4 | | | | | | 7.7 | | |
估值免税額變動
|
| | | | 0.8 | | | | | | (71.1) | | |
Current year tax credits
|
| | | | (4.7) | | | | | | (2.3) | | |
外國税率和聯邦税率之間的差異
|
| | | | 2.8 | | | | | | 2.0 | | |
Permanent items
|
| | | | 5.2 | | | | | | 2.8 | | |
為不確定的税收狀況預留資金
|
| | | | — | | | | | | 1.3 | | |
Other
|
| | | | 0.5 | | | | | | 0.7 | | |
Effective tax rate
|
| | | | 34.0% | | | | | | (37.9)% | | |
| | |
December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
Deferred tax assets: | | | | | | | | | | | | | |
淨營業虧損和其他結轉
|
| | | $ | 12,477 | | | | | $ | 15,531 | | |
Accrued liabilities
|
| | | | 3,831 | | | | | | 4,201 | | |
Reserves and other
|
| | | | 2,265 | | | | | | 3,587 | | |
263a統一資本化成本
|
| | | | 657 | | | | | | 1,067 | | |
其他遞延税項資產
|
| | | | 1,911 | | | | | | 2,122 | | |
遞延税金資產總額
|
| | | | 21,141 | | | | | | 26,508 | | |
Valuation allowance
|
| | | | (1,890) | | | | | | (1,729) | | |
Net deferred tax assets
|
| | | | 19,251 | | | | | | 24,779 | | |
遞延納税義務: | | | | | | | | | | | | | |
Intangibles
|
| | | | (2,624) | | | | | | (3,626) | | |
Depreciation
|
| | | | (3,403) | | | | | | (3,667) | | |
Goodwill
|
| | | | (6,594) | | | | | | (6,182) | | |
Other
|
| | | | (868) | | | | | | (489) | | |
遞延納税負債總額
|
| | | | (13,489) | | | | | | (13,964) | | |
遞延所得税總額
|
| | | $ | 5,762 | | | | | $ | 10,815 | | |
| | |
Year ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
開始未確認的税收優惠
|
| | | $ | 2,122 | | | | | $ | 1,754 | | |
本期未確認的税收優惠
|
| | | | (32) | | | | | | 368 | | |
結束未確認的税收優惠
|
| | | $ | 2,090 | | | | | $ | 2,122 | | |
| | |
Year ended December 31, 2021
|
| |||||||||||||||||||||
| | |
Products
|
| |
Distribution
|
| |
Reconciling
Items(1) |
| |
Total
|
| ||||||||||||
Net sales
|
| | | $ | 362,189 | | | | | $ | 90,043 | | | | | $ | (24,944) | | | | | $ | 427,288 | | |
Cost of goods sold
|
| | | | 213,881 | | | | | | 67,649 | | | | | | (24,932) | | | | | | 256,598 | | |
Gross profit
|
| | | $ | 148,308 | | | | | $ | 22,394 | | | | | $ | (12) | | | | | $ | 170,690 | | |
| | |
Year ended December 31, 2020
|
| |||||||||||||||||||||
| | |
Products
|
| |
Distribution
|
| |
Reconciling
Items(1) |
| |
Total
|
| ||||||||||||
Net sales
|
| | | $ | 343,689 | | | | | $ | 84,922 | | | | | $ | (23,969) | | | | | $ | 404,642 | | |
Cost of goods sold
|
| | | | 211,048 | | | | | | 64,761 | | | | | | (24,105) | | | | | | 251,704 | | |
Gross profit
|
| | | $ | 132,641 | | | | | $ | 20,161 | | | | | $ | 136 | | | | | $ | 152,938 | | |
| | |
Year Ended December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
補充披露: | | | | | | | | | | | | | |
已支付所得税的現金,扣除退款後的淨額
|
| | | $ | 1,158 | | | | | $ | 879 | | |
Cash paid for interest
|
| | | | 13,336 | | | | | | 23,316 | | |
非現金交易: | | | | | | | | | | | | | |
資本支出的應計項目和應付帳款
|
| | | | 197 | | | | | | — | | |
出售業務時收到的庫存
|
| | | | — | | | | | | 4,731 | | |
| | |
March 31, 2022
|
| |
December 31, 2021
|
| ||||||
Assets | | | | | | | | | | | | | |
Current assets | | | | | | | | | | | | | |
現金和現金等價物
|
| | | $ | 9,877 | | | | | $ | 33,857 | | |
應收賬款,扣除壞賬準備淨額749美元和
$645, respectively |
| | | | 52,001 | | | | | | 48,344 | | |
Inventories
|
| | | | 69,401 | | | | | | 63,978 | | |
Prepaid expenses
|
| | | | 7,747 | | | | | | 10,353 | | |
Other current assets
|
| | | | 4,360 | | | | | | 3,171 | | |
Assets held for sale
|
| | | | 271 | | | | | | 278 | | |
Total current assets
|
| | | | 143,657 | | | | | | 159,981 | | |
財產和設備,扣除累計折舊和攤銷後的淨額分別為38631美元和37171美元
|
| | | | 35,729 | | | | | | 33,053 | | |
Deferred tax assets, net
|
| | | | 12,979 | | | | | | 7,059 | | |
Intangible assets, net
|
| | | | 50,158 | | | | | | 42,415 | | |
Goodwill
|
| | | | 72,510 | | | | | | 66,262 | | |
Other assets
|
| | | | 5,965 | | | | | | 3,026 | | |
Total assets
|
| | | $ | 320,998 | | | | | $ | 311,796 | | |
負債、夾層股權和股東權益 | | | | | | | | | | | | | |
流動負債 | | | | | | | | | | | | | |
Accounts payable
|
| | | $ | 27,477 | | | | | $ | 19,328 | | |
Accrued liabilities
|
| | | | 34,363 | | | | | | 40,736 | | |
Income tax payable
|
| | | | 2,239 | | | | | | 1,255 | | |
待售負債
|
| | | | 120 | | | | | | 128 | | |
長期債務的當前部分
|
| | | | 11,700 | | | | | | 13,174 | | |
流動負債總額
|
| | | | 75,899 | | | | | | 74,621 | | |
Long-term debt
|
| | | | 144,661 | | | | | | 146,516 | | |
遞延納税義務
|
| | | | 3,799 | | | | | | 1,297 | | |
Other liabilities
|
| | | | 694 | | | | | | 722 | | |
Total liabilities
|
| | | | 225,053 | | | | | | 223,156 | | |
承付款和或有事項(注7) | | | | | | | | | | | | | |
Mezzanine equity | | | | | | | | | | | | | |
優先股(面值0.0001美元,授權股份1,000萬股,截至2022年3月31日和2021年12月31日沒有發行和發行股份)
|
| | | | — | | | | | | — | | |
Shareholders’ equity | | | | | | | | | | | | | |
Common stock ($0.0001 par value, 190,000,000 shares authorized,
34,782,271 shares and 34,383,350 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively) |
| | | | 3 | | | | | | 3 | | |
新增實收資本
|
| | | | 144,978 | | | | | | 127,606 | | |
累計其他綜合收益(虧損)
|
| | | | 931 | | | | | | (1,917) | | |
Accumulated deficit
|
| | | | (49,967) | | | | | | (37,052) | | |
股東權益合計
|
| | | | 95,945 | | | | | | 88,640 | | |
總負債、夾層權益和股東權益
|
| | | $ | 320,998 | | | | | $ | 311,796 | | |
| | |
Three Months Ended
March 31, |
| |||||||||
| | |
2022
|
| |
2021
|
| ||||||
Net sales
|
| | | $ | 104,406 | | | | | $ | 110,536 | | |
Cost of goods sold
|
| | | | 64,217 | | | | | | 66,577 | | |
Gross profit
|
| | | | 40,189 | | | | | | 43,959 | | |
運營費用 | | | | | | | | | | | | | |
銷售、一般和行政管理
|
| | | | 53,950 | | | | | | 28,051 | | |
重組和交易成本
|
| | | | 599 | | | | | | 321 | | |
Related party expense
|
| | | | 122 | | | | | | 153 | | |
總運營費用
|
| | | | 54,671 | | | | | | 28,525 | | |
Operating (loss) income
|
| | | | (14,482) | | | | | | 15,434 | | |
Other expense | | | | | | | | | | | | | |
Interest expense
|
| | | | (1,490) | | | | | | (5,044) | | |
Other expense, net
|
| | | | (205) | | | | | | (44) | | |
Total other expense, net
|
| | | | (1,695) | | | | | | (5,088) | | |
未計提所得税準備的收入(虧損)
|
| | | | (16,177) | | | | | | 10,346 | | |
所得税福利(準備金)
|
| | | | 6,012 | | | | | | (3,482) | | |
Net (loss) income
|
| | | $ | (10,165) | | | | | $ | 6,864 | | |
每股淨(虧損)收益: | | | | | | | | | | | | | |
Basic
|
| | | $ | (0.30) | | | | | $ | 0.25 | | |
Diluted
|
| | | $ | (0.30) | | | | | $ | 0.25 | | |
加權平均流通股: | | | | | | | | | | | | | |
Basic
|
| | | | 34,446,318 | | | | | | 27,483,350 | | |
Diluted
|
| | | | 34,446,318 | | | | | | 27,483,350 | | |
Net (loss) income
|
| | | $ | (10,165) | | | | | $ | 6,864 | | |
其他綜合收益: | | | | | | | | | | | | | |
未實現的持有收益,税後淨額(1)
|
| | | | 3,077 | | | | | | — | | |
淨虧損中包含的收益的重新分類調整(2)
|
| | | | 131 | | | | | | — | | |
利率互換未實現收益總額,税後淨額
|
| | | | 3,208 | | | | | | — | | |
外幣折算調整,税後淨額(3)
|
| | | | (360) | | | | | | 284 | | |
其他綜合收益
|
| | | | 2,848 | | | | | | 284 | | |
綜合(虧損)收入,税後淨額
|
| | | $ | (7,317) | | | | | $ | 7,148 | | |
| | |
Three Months Ended March 31,
|
| |||||||||
| | |
2022
|
| |
2021
|
| ||||||
經營活動現金流: | | | | | | | | | | | | | |
Net (loss) income
|
| | | $ | (10,165) | | | | | $ | 6,864 | | |
將淨收益與經營活動提供的現金淨額進行調整:
|
| | | | | | | | | | | | |
折舊及攤銷
|
| | | | 3,544 | | | | | | 3,539 | | |
攤銷原發行貼現和債務發行成本
|
| | | | 111 | | | | | | 677 | | |
Deferred income taxes
|
| | | | (6,951) | | | | | | 3,319 | | |
股票薪酬
|
| | | | 23,588 | | | | | | — | | |
應收賬款損失準備金(收回)
|
| | | | 45 | | | | | | (91) | | |
Foreign exchange loss
|
| | | | 253 | | | | | | 109 | | |
扣除收購影響後的營業資產和負債變動:
|
| | | | | | | | | | | | |
Accounts receivable
|
| | | | (1,693) | | | | | | (5,626) | | |
Inventories
|
| | | | (2,956) | | | | | | (2,496) | | |
預付費用和其他資產
|
| | | | 3,158 | | | | | | (141) | | |
應付帳款和其他負債
|
| | | | (18) | | | | | | 10,678 | | |
經營活動提供的現金淨額
|
| | | | 8,916 | | | | | | 16,832 | | |
投資活動現金流: | | | | | | | | | | | | | |
購置物業和設備
|
| | | | (950) | | | | | | (788) | | |
業務收購,扣除收購現金後的淨額
|
| | | | (19,787) | | | | | | — | | |
投資活動中使用的淨現金
|
| | | | (20,737) | | | | | | (788) | | |
融資活動的現金流: | | | | | | | | | | | | | |
循環信貸融資收益
|
| | | | — | | | | | | 88,593 | | |
循環信貸本金支付
|
| | | | — | | | | | | (88,593) | | |
定期貸款本金支付
|
| | | | (2,506) | | | | | | (566) | | |
保費融資本金支付
|
| | | | (1,474) | | | | | | (917) | | |
支付資本租賃費用
|
| | | | (11) | | | | | | (7) | | |
與員工股票交易相關的税款
|
| | | | (6,216) | | | | | | — | | |
派發股息
|
| | | | (2,750) | | | | | | — | | |
用於融資活動的現金淨額
|
| | | | (12,957) | | | | | | (1,490) | | |
外匯匯率對現金和現金等價物的影響
|
| | | | 798 | | | | | | 13 | | |
現金和現金等價物變化
|
| | | | (23,980) | | | | | | 14,567 | | |
期初現金和現金等價物
|
| | | | 33,857 | | | | | | 2,873 | | |
現金和現金等價物,期末
|
| | | $ | 9,877 | | | | | $ | 17,440 | | |
補充披露現金流量信息: | | | | | | | | | | | | | |
繳納所得税的現金(已收到),淨額
|
| | | $ | (100) | | | | | $ | 15 | | |
Cash paid for interest
|
| | | $ | 1,282 | | | | | $ | 4,292 | | |
補充披露非現金投融資活動: | | | | | | | | | | | | | |
資本支出的應計項目和應付帳款
|
| | | $ | 119 | | | | | $ | — | | |
| | |
Common Stock
|
| |
Additional
Paid-In Capital |
| |
Accumulated Other
Comprehensive Income |
| |
Accumulated
Deficit |
| |
Shareholders’
Equity |
| |||||||||||||||||||||
| | |
Shares
|
| |
Amount
|
| ||||||||||||||||||||||||||||||
Balance, December 31, 2021
|
| | | | 34,383,350 | | | | | $ | 3 | | | | | $ | 127,606 | | | | | $ | (1,917) | | | | | $ | (37,052) | | | | | $ | 88,640 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (10,165) | | | | | | (10,165) | | |
Dividends declared
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (2,750) | | | | | | (2,750) | | |
股票薪酬
|
| | | | — | | | | | | — | | | | | | 22,436 | | | | | | — | | | | | | — | | | | | | 22,436 | | |
根據員工薪酬計劃發行的普通股
|
| | | | 580,990 | | | | | | — | | | | | | 1,152 | | | | | | — | | | | | | — | | | | | | 1,152 | | |
與股票薪酬淨額結算相關的普通股扣繳
|
| | | | (182,069) | | | | | | — | | | | | | (6,216) | | | | | | — | | | | | | — | | | | | | (6,216) | | |
外幣折算調整
|
| | | | — | | | | | | — | | | | | | — | | | | | | (360) | | | | | | — | | | | | | (360) | | |
衍生工具公允價值變動
|
| | | | — | | | | | | — | | | | | | — | | | | | | 3,208 | | | | | | — | | | | | | 3,208 | | |
Balance, March 31, 2022
|
| | | | 34,782,271 | | | | | $ | 3 | | | | | $ | 144,978 | | | | | $ | 931 | | | | | $ | (49,967) | | | | | $ | 95,945 | | |
| | |
Common Stock
|
| |
Additional
Paid-In Capital |
| |
Accumulated Other
Comprehensive Loss |
| |
Accumulated
Deficit |
| |
Shareholders’
Equity |
| |||||||||||||||||||||
| | |
Shares
|
| |
Amount
|
| ||||||||||||||||||||||||||||||
Balance, December 31, 2020
|
| | | | 27,483,350 | | | | | $ | 3 | | | | | $ | 48,670 | | | | | $ | (2,860) | | | | | $ | (36,962) | | | | | $ | 8,851 | | |
Net income
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 6,864 | | | | | | 6,864 | | |
外幣折算調整
|
| | | | — | | | | | | — | | | | | | — | | | | | | 284 | | | | | | — | | | | | | 284 | | |
Balance, March 31, 2021
|
| | | | 27,483,350 | | | | | $ | 3 | | | | | $ | 48,670 | | | | | $ | (2,576) | | | | | $ | (30,098) | | | | | $ | 15,999 | | |
| | |
March 31, 2022
|
| |
December 31, 2021
|
| ||||||||||||||||||||||||||||||||||||||||||
| | |
Carrying
amount |
| |
Fair Value
|
| |
Carrying
amount |
| |
Fair Value
|
| ||||||||||||||||||||||||||||||||||||
| | |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| ||||||||||||||||||||||||||||||
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest rate swap (Note 6)
|
| | | $ | 5,495 | | | | | $ | — | | | | | $ | 5,495 | | | | | $ | — | | | | | $ | 1,607 | | | | | $ | — | | | | | $ | 1,607 | | | | | $ | — | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest rate swap (Note 6)
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 389 | | | | | $ | — | | | | | $ | 389 | | | | | $ | — | | |
| | |
Three months ended March 31,
|
| |||||||||
| | |
2022
|
| |
2021
|
| ||||||
期初應計保修費用
|
| | | $ | 1,256 | | | | | $ | 1,133 | | |
Current period claims
|
| | | | (116) | | | | | | (56) | | |
本期銷售額撥備
|
| | | | 93 | | | | | | 63 | | |
期末應計保修費用
|
| | | $ | 1,233 | | | | | $ | 1,140 | | |
| | |
Three months ended March 31,
|
| |||||||||
| | |
2022
|
| |
2021
|
| ||||||
Net (loss) income
|
| | | $ | (10,165) | | | | | $ | 6,864 | | |
加權平均流通股-基本
|
| | | | 34,446,318 | | | | | | 27,483,350 | | |
稀釋證券的影響:
|
| | | | | | | | | | | | |
Stock-based awards
|
| | | | — | | | | | | — | | |
加權平均流通股-稀釋後
|
| | | | 34,446,318 | | | | | | 27,483,350 | | |
Net (loss) income per share:
|
| | | | | | | | | | | | |
Basic
|
| | | $ | (0.30) | | | | | $ | 0.25 | | |
Diluted
|
| | | $ | (0.30) | | | | | $ | 0.25 | | |
|
Cash paid
|
| | | $ | 21,266 | | |
|
Less: cash acquired
|
| | | | (1,479) | | |
|
Total consideration, net
|
| | | $ | 19,787 | | |
|
Total consideration, net
|
| | | $ | 19,787 | | |
|
Accounts receivable
|
| | | $ | 2,347 | | |
|
Inventories
|
| | | | 2,500 | | |
|
Prepaid expenses
|
| | | | 682 | | |
|
Other current assets
|
| | | | 612 | | |
|
Property and equipment
|
| | | | 3,053 | | |
|
Intangible assets
|
| | | | 10,200 | | |
|
Goodwill
|
| | | | 6,711 | | |
|
Total assets acquired
|
| | | | 26,105 | | |
|
Accounts payable
|
| | | | 1,120 | | |
|
遞延納税義務
|
| | | | 2,548 | | |
|
Accrued liabilities
|
| | | | 2,106 | | |
|
Long-term debt
|
| | | | 544 | | |
|
承擔的總負債
|
| | | | 6,318 | | |
|
Net assets acquired
|
| | | $ | 19,787 | | |
| | |
Gross
|
| |
Average Useful
Life |
| ||||||
客户關係
|
| | | $ | 9,300 | | | | | | 15 | | |
Technology
|
| | | | 600 | | | | | | 10 | | |
Trademarks
|
| | | | 300 | | | | | | 7 | | |
Total
|
| | | $ | 10,200 | | | | | | | | |
| | |
Three months ended March 31,
|
| |||||||||
| | |
2022
|
| |
2021
|
| ||||||
U.S. state and local agencies(a)
|
| | | $ | 57,923 | | | | | $ | 59,377 | | |
Commercial
|
| | | | 11,034 | | | | | | 11,842 | | |
U.S. federal agencies
|
| | | | 7,914 | | | | | | 15,593 | | |
International
|
| | | | 27,019 | | | | | | 21,994 | | |
Other
|
| | | | 516 | | | | | | 1,730 | | |
Net sales
|
| | | $ | 104,406 | | | | | $ | 110,536 | | |
| | |
Three months ended March 31,
|
| |||||||||
| | |
2022
|
| |
2021
|
| ||||||
United States
|
| | | $ | 77,387 | | | | | $ | 88,542 | | |
International
|
| | | | 27,019 | | | | | | 21,994 | | |
| | | | $ | 104,406 | | | | | $ | 110,536 | | |
| | |
March 31, 2022
|
| |
December 31, 2021
|
| ||||||
Finished goods
|
| | | $ | 29,736 | | | | | $ | 28,707 | | |
Work-in-process
|
| | | | 5,800 | | | | | | 4,053 | | |
原材料和用品
|
| | | | 33,865 | | | | | | 31,218 | | |
| | | | $ | 69,401 | | | | | $ | 63,978 | | |
| | |
Products
|
| |
Distribution
|
| |
Total
|
| |||||||||
Balance, December 31, 2021
|
| | | $ | 63,646 | | | | | $ | 2,616 | | | | | $ | 66,262 | | |
Radar acquisition
|
| | | | 6,711 | | | | | | — | | | | | | 6,711 | | |
外幣折算調整
|
| | | | (463) | | | | | | — | | | | | | (463) | | |
Balance, March 31, 2022
|
| | | $ | 69,894 | | | | | $ | 2,616 | | | | | $ | 72,510 | | |
| | |
March 31, 2022
|
| ||||||||||||||||||
| | |
Gross
|
| |
Accumulated
amortization |
| |
Net
|
| |
Weighted
Average Useful Life |
| |||||||||
明確活着的無形資產: | | | | | | | | | | | | | | | | | | | | | | |
客户關係
|
| | | $ | 83,095 | | | | | $ | (54,301) | | | | | $ | 28,794 | | | |
11
|
|
Technology
|
| | | | 12,523 | | | | | | (11,033) | | | | | | 1,490 | | | |
7
|
|
Tradenames
|
| | | | 6,700 | | | | | | (3,523) | | | | | | 3,177 | | | |
4
|
|
Non-compete agreements
|
| | | | 1,021 | | | | | | (1,021) | | | | | | — | | | |
4
|
|
| | | | $ | 103,339 | | | | | $ | (69,878) | | | | | $ | 33,461 | | | | | |
無限活着的無形資產: | | | | | | | | | | | | | | | | | | | | | | |
Tradenames
|
| | | | 16,697 | | | | | | — | | | | | | 16,697 | | | |
Indefinite
|
|
Total
|
| | | $ | 120,036 | | | | | $ | (69,878) | | | | | $ | 50,158 | | | | | |
| | |
December 31, 2021
|
| ||||||||||||||||||
| | |
Gross
|
| |
Accumulated
amortization |
| |
Net
|
| |
Weighted
Average Useful Life |
| |||||||||
明確活着的無形資產: | | | | | | | | | | | | | | | | | | | | | | |
客户關係
|
| | | $ | 74,078 | | | | | $ | (52,536) | | | | | $ | 21,542 | | | |
11
|
|
Technology
|
| | | | 11,978 | | | | | | (10,988) | | | | | | 990 | | | |
7
|
|
Tradenames
|
| | | | 6,473 | | | | | | (3,264) | | | | | | 3,209 | | | |
4
|
|
Non-compete agreements
|
| | | | 1,037 | | | | | | (1,037) | | | | | | — | | | |
4
|
|
| | | | $ | 93,566 | | | | | $ | (67,825) | | | | | $ | 25,741 | | | | | |
無限活着的無形資產: | | | | | | | | | | | | | | | | | | | | | | |
Tradenames
|
| | | | 16,674 | | | | | | — | | | | | | 16,674 | | | |
Indefinite
|
|
Total
|
| | | $ | 110,240 | | | | | $ | (67,825) | | | | | $ | 42,415 | | | | | |
|
Remainder of 2022
|
| | | $ | 6,202 | | |
|
2023
|
| | | | 7,442 | | |
|
2024
|
| | | | 4,541 | | |
|
2025
|
| | | | 2,553 | | |
|
2026
|
| | | | 2,132 | | |
|
Thereafter
|
| | | | 10,591 | | |
| | | | | $ | 33,461 | | |
| | |
March 31, 2022
|
| |
December 31, 2021
|
| ||||||
Short-term debt:
|
| | | | | | | | | | | | |
保險費融資
|
| | | $ | 1,700 | | | | | $ | 3,174 | | |
定期貸款的當前部分
|
| | | | 10,000 | | | | | | 10,000 | | |
| | | | $ | 11,700 | | | | | $ | 13,174 | | |
Long-term debt:
|
| | | | | | | | | | | | |
Revolver
|
| | | | — | | | | | | — | | |
Term loan
|
| | | | 146,064 | | | | | | 148,564 | | |
Other
|
| | | | 535 | | | | | | — | | |
| | | | $ | 146,599 | | | | | $ | 148,564 | | |
未攤銷債務貼現和債務發行成本
|
| | | | (1,938) | | | | | | (2,048) | | |
Total long-term debt, net
|
| | | $ | 144,661 | | | | | $ | 146,516 | | |
|
Remainder of 2022
|
| | | $ | 7,500 | | |
|
2023
|
| | | | 10,132 | | |
|
2024
|
| | | | 10,269 | | |
|
2025
|
| | | | 10,134 | | |
|
2026
|
| | | | 118,564 | | |
|
Thereafter
|
| | | | — | | |
|
本金支付總額
|
| | | $ | 156,599 | | |
Effective date
|
| |
Notional amount
|
| |
Fixed rate
|
| ||||||
September 30, 2021 through July 23, 2026
|
| | | $ | 100,000 | | | | | | 0.875% | | |
Balance sheet accounts
|
| |
March 31, 2022
|
| |
December 31, 2021
|
| ||||||
Other current assets
|
| | | $ | 880 | | | | | $ | — | | |
Other assets
|
| | | $ | 4,615 | | | | | $ | 1,607 | | |
Accrued liabilities
|
| | | $ | — | | | | | $ | 389 | | |
|
Remainder of 2022
|
| | | $ | 3,367 | | |
|
2023
|
| | | | 4,047 | | |
|
2024
|
| | | | 2,851 | | |
|
2025
|
| | | | 1,422 | | |
|
2026
|
| | | | 486 | | |
|
Thereafter
|
| | | | 109 | | |
|
最低租金總額
|
| | | $ | 12,282 | | |
| | |
Three months ended March 31, 2022
|
| |||||||||||||||||||||
| | |
Products
|
| |
Distribution
|
| |
Reconciling
Items(1) |
| |
Total
|
| ||||||||||||
Net sales
|
| | | $ | 85,386 | | | | | $ | 24,096 | | | | | $ | (5,076) | | | | | $ | 104,406 | | |
Cost of goods sold
|
| | | | 51,120 | | | | | | 18,172 | | | | | | (5,075) | | | | | | 64,217 | | |
Gross profit
|
| | | $ | 34,266 | | | | | $ | 5,924 | | | | | $ | (1) | | | | | $ | 40,189 | | |
| | |
Three months ended March 31, 2021
|
| |||||||||||||||||||||
| | |
Products
|
| |
Distribution
|
| |
Reconciling
Items(1) |
| |
Total
|
| ||||||||||||
Net sales
|
| | | $ | 93,818 | | | | | $ | 22,660 | | | | | $ | (5,942) | | | | | $ | 110,536 | | |
Cost of goods sold
|
| | | | 55,594 | | | | | | 16,921 | | | | | | (5,938) | | | | | | 66,577 | | |
Gross profit
|
| | | $ | 38,224 | | | | | $ | 5,739 | | | | | $ | (4) | | | | | $ | 43,959 | | |
Item
|
| |
Amount to be paid
|
| |||
SEC registration fee
|
| | | $ | | | |
FINRA filing fee
|
| | | | | | |
Printing Expenses
|
| | | | | | |
Legal fees and expenses
|
| | | | | | |
會計費和費用
|
| | | | | | |
雜項費用
|
| | | | | | |
Total
|
| | | $ | | |
Exhibit No.
|
| |
Description
|
|
1.1 | | | 承保協議格式。* | |
2.1 | | | Safarland,LLC和Cyalume Technologies Holdings,Inc.之間於2022年5月3日簽署的股票購買協議(通過參考Cadre Holdings,Inc.於2022年5月5日提交的8-K表格當前報告的附件3.1合併而成)。 | |
3.1 | | | 《幹部控股股份有限公司註冊證書》(參照本公司於2021年7月12日提交的S-1表格註冊説明書附件3.1合併)。 | |
3.2 | | | 修訂及重訂本公司章程(參照本公司於2021年7月12日提交的S-1表格註冊説明書附件3.2)。 | |
5.1 | | | 凱恩·凱斯勒,P.C.的意見* | |
10.1 | | | 《定期貸款及擔保協議》,日期為2020年11月17日,由Cadre Holdings,Inc.(F/k/a Maui Acquisition Corp.)、其當時的附屬公司一方作為借款人和擔保人、Guggenheim Credit Services,LLC作為代理人以及不時作為貸款人的金融機構簽訂(通過參考本公司於2021年7月12日提交的S-1表格註冊聲明的附件10.1併入)。 | |
10.2 | | | 《定期貸款和擔保協議第一修正案》,日期為2021年3月1日,由Cadre Holdings,Inc.(F/k/a Maui Acquisition Corp.)及其當時的附屬公司作為借款人和擔保人,Guggenheim Credit Services,LLC作為代理人,以及不時作為貸款人的金融機構(通過參考本公司於2021年7月12日提交的S-1表格註冊聲明的附件10.2合併而成)。 | |
10.3 | | | 由Cadre Holdings,Inc.(F/k/a Maui Acquisition Corp.)及其當時的附屬公司作為借款人和擔保人,美國銀行(Bank of America,N.A.)作為代理人,以及不時作為貸款人的金融機構(通過參考本公司於2021年7月12日提交的S-1表格註冊聲明的附件10.3併入)簽署並於2016年11月18日第二次修訂和重新簽署的貸款和擔保協議。 | |
10.4 | | | 由Cadre Holdings,Inc.(F/k/a Maui Acquisition Corp.)、其當時的附屬公司作為借款人和擔保人,美國銀行(Bank of America,N.A.)作為代理人,以及不時作為貸款人的金融機構(通過參考本公司於2021年7月12日提交的S-1表格註冊聲明的附件10.4併入)同意和第一修正案於2017年5月1日由Cadre Holdings,Inc.(F/k/a Maui Acquisition Corp.)簽署並經第二次修訂和重新簽署的貸款和擔保協議。 | |
10.5 | | | 由Cadre Holdings,Inc.(F/k/a Maui Acquisition Corp.)、其當時的附屬公司作為借款人和擔保人,美國銀行(Bank of America,N.A.)作為代理人,以及不時作為貸款人的金融機構(通過參考本公司於2021年7月12日提交的S-1表格註冊聲明的附件10.5合併),於2017年6月1日對第二次修訂和重新簽署的貸款和擔保協議進行第二次修訂。 | |
10.6 | | | 《第二次修訂和重新簽署的貸款和擔保協議第三修正案》,日期為2017年6月29日,由Cadre Holdings,Inc.(F/k/a Maui Acquisition Corp.)及其當時的附屬公司作為借款人和擔保人,美國銀行(Bank of America,N.A.)作為代理人,以及不時作為貸款人的金融機構(通過參考2021年7月12日提交的公司S-1表格註冊聲明的附件10.6合併而成)。 | |
Exhibit No.
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Description
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10.7 | | | 由Cadre Holdings,Inc.(F/k/a Maui Acquisition Corp.)、其當時的附屬公司作為借款人和擔保人,美國銀行(Bank of America,N.A.)作為代理人,以及不時作為貸款人的金融機構(通過參考本公司於2021年7月12日提交的S-1表格註冊聲明的附件10.7併入)同意和第四修正案於2018年5月3日由Cadre Holdings,Inc.(F/k/a Maui Acquisition Corp.)簽署並經第二次修訂和重新簽署的貸款和擔保協議。 | |
10.8 | | | 由Cadre Holdings,Inc.(F/k/a Maui Acquisition Corp.)、其當時的附屬公司作為借款人和擔保人、美國銀行(Bank of America,N.A.)作為代理人以及不時作為貸款人的金融機構(通過參考本公司於2021年7月12日提交的S-1表格註冊聲明的附件10.8併入)同意和第五修正案於2019年6月20日由Cadre Holdings,Inc.(F/k/a Maui Acquisition Corp.)簽署並經第二次修訂和重新簽署的貸款和擔保協議。 | |
10.9 | | | 由Cadre Holdings,Inc.(F/k/a Maui Acquisition Corp.)、其當時的附屬公司作為借款人和擔保人,美國銀行(Bank of America,N.A.)作為代理人,以及不時作為貸款人的金融機構(通過參考本公司於2021年7月12日提交的S-1表格註冊聲明的附件10.9併入)同意和第六修正案於2020年11月17日由Cadre Holdings,Inc.(F/k/a Maui Acquisition Corp.)簽署並重新簽署的第二份修訂和重新簽署的貸款和擔保協議。 | |
10.10 | | | 由Cadre Holdings,Inc.(F/k/a Maui Acquisition Corp.)、其當時的附屬公司作為借款人和擔保人、美國銀行(Bank of America,N.A.)作為代理人以及不時作為貸款人的金融機構(通過參考本公司於2021年7月12日提交的S-1表格註冊聲明的附件10.10併入)簽署並於2021年3月1日修訂並重新簽署的貸款和擔保協議第七修正案。 | |
10.11 | | | 薩法蘭集團長期激勵計劃(參考公司於2021年7月12日提交的S-1表格註冊説明書附件10.11)。+ | |
10.12 | | | Safarland集團長期激勵計劃下的獎勵協議格式(通過參考2021年7月12日提交的公司S-1表格註冊聲明的附件10.12併入)。+ | |
10.13 | | | Safarland Group 2021影子限制性股票計劃(通過引用2021年7月12日提交的公司S-1表格註冊聲明的附件10.13併入)。+ | |
10.14 | | | Safarland Group 2021 Phantom限制性股票計劃下的獎勵協議格式(通過參考2021年7月12日提交的公司S-1表格註冊聲明的附件10.14併入)。+ | |
10.15 | | | 2021年股票激勵計劃(參考公司於2021年7月12日提交的S-1表格註冊説明書附件10.15併入)。+ | |
10.16 | | | 2021年股票激勵計劃下的期權協議格式(通過參考2021年7月12日提交的公司S-1表格註冊説明書的附件10.16併入)。+ | |
10.17 | | | 2021年股票激勵計劃下的股票獎勵協議格式(通過參考2021年7月12日提交的公司S-1表格註冊説明書的附件10.17併入)。+ | |
10.18 | | | 賠償協議表格(參照本公司於2021年7月12日提交的S-1表格註冊説明書附件10.18併入)。 | |
10.19 | | | Cadre Holdings,Inc.和Warren B.Kanders之間的僱傭協議,日期為2021年7月9日(通過參考2021年7月12日提交的公司S-1表格註冊聲明的附件10.19併入)。+ | |
10.20 | | | Cadre Holdings,Inc.和Brad Williams之間的僱傭協議,日期為2021年7月9日(通過參考2021年7月12日提交的公司S-1表格註冊聲明的附件10.20併入)。+ | |
10.21 | | | Cadre Holdings,Inc.和Blaine Browers之間的僱傭協議,日期為2021年7月9日(通過參考2021年7月12日提交的公司S-1表格註冊聲明的附件10.21併入)。+ | |
Exhibit No.
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Description
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10.22 | | | 信貸協議,日期為2021年7月23日,由Cadre Holdings,Inc.,其某些國內子公司作為擔保人,PNC Bank,National Association作為行政代理,以及幾個貸款人不時簽訂(通過參考2021年7月27日提交的公司S-1表格註冊聲明修正案第1號附件10.22併入)。 | |
10.23 | | | Safarland Group 2021修訂和重新啟動了影子限制性股票計劃(通過引用2021年8月3日提交的公司S-1表格註冊聲明修正案第2號附件10.23合併)。+ | |
10.24 | | | 信貸協議第一修正案,日期為2021年8月20日,由Cadre Holdings,Inc.,其若干國內子公司作為擔保人,PNC Bank,National Association作為行政代理,以及幾個貸款人不時簽署(通過參考2021年9月13日提交的公司S-1表格註冊聲明修正案第3號附件10.24併入)。 | |
10.25 | | | Cadre Holdings,Inc.與Warren B.Kanders簽訂的僱傭協議第一修正案,日期為2021年9月1日(引用2021年9月13日提交的公司S-1表格註冊説明書修正案第3號附件10.25)。+ | |
10.26 | | | Cadre Holdings,Inc.與Brad Williams的僱傭協議第一修正案,日期為2021年9月1日(通過參考2021年9月13日提交的公司S-1表格註冊聲明修正案第3號附件10.26併入)。+ | |
10.27 | | | Cadre Holdings,Inc.與Blaine Browers的僱傭協議第一修正案,日期為2021年9月1日(通過引用2021年9月13日提交的公司S-1表格註冊聲明修正案第3號附件10.27併入)。+ | |
10.28 | | | 貸款協議,日期為2021年10月14日,由Med-Eng Holdings ULC和Pacific Safe Products Inc.作為借款人,PNC Bank加拿大分行作為貸款人(通過引用2021年10月28日提交的公司S-1表格註冊聲明修正案第4號附件10.28合併)。 | |
21.1 | | | Cadre Holdings Inc.的子公司(通過參考公司於2021年7月12日提交的S-1表格註冊説明書附件21.1註冊成立)。 | |
23.1 | | | Consent of KPMG LLP.* | |
23.2 | | | 經P.C.凱恩·凱斯勒同意(見附件5.1)。* | |
24.1 | | | 授權書(包括在本註冊聲明的簽名頁上)。* | |
101.INS | | | XBRL實例文檔。* | |
101.SCH | | | XBRL分類擴展架構文檔。* | |
101.CAL
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| | XBRL分類擴展計算鏈接庫文檔。* | |
101.DEF
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| | XBRL分類擴展定義Linkbase文檔。* | |
101.LAB | | | XBRL分類擴展標籤Linkbase文檔。* | |
107 | | | 備案費表的計算。* | |
| | | | | | | CADRE HOLDINGS, INC. | | |||
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By:
Name: Warren B. Kanders
職務:首席執行官 |
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Signature
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Title
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Date
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Warren B. Kanders
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首席執行官(首席執行官)兼董事長
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, 2022
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Brad Williams
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President
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, 2022
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Blaine Browers
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首席財務官(首席財務官和首席會計官)
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, 2022
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Hamish Norton
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Director
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, 2022
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Nicholas Sokolow
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Director
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, 2022
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William Quigley
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Director
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, 2022
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Deborah A. DeCotis
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Director
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, 2022
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