In millions, except per share items | Jul-02-23 | Apr-02-23 | Dec-31-22 | Jul-03-22 | Apr-03-22 | Dec-31-21 | Sep-26-21 | Jun-27-21 |
| 10-Q | 10-Q | 8-K | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Net sales | 175.3 | 172.2 | 0.2 | 179.4 | 200.1 | 179.8 | 159.7 | 193.0 |
Net sales growth | -2.3% | -13.9% | -99.9% | -7.1% | 24.8% | 29.9% | 19.8% | 54.1% |
Cost of goods sold | 105.5 | 104.5 | 0.1 | 104.1 | 117.3 | 105.1 | 94.5 | 111.8 |
Gross profit | 69.7 | 67.7 | 0.0 | 75.3 | 82.7 | 74.7 | 65.2 | 81.2 |
Gross margin | 39.8% | 39.3% | 30.7% | 42.0% | 41.3% | 41.6% | 40.8% | 42.1% |
Selling, general, and administrative | 29.1 | 30.0 | 0.0 | 36.3 | 34.3 | 37.7 | 28.9 | 26.2 |
Research and development costs | 6.2 | 6.7 | 0.0 | 8.2 | 8.2 | 8.1 | 7.1 | 7.1 |
Amortization of intangible assets | 3.7 | 3.7 | 0.0 | 3.7 | 3.7 | 3.6 | 3.6 | 3.5 |
Acquisition and restructuring costs | 0.4 | 1.3 | 0.0 | 1.7 | 0.3 | 1.8 | 0.4 | 2.7 |
Other operating expense | 0.5 | 0.1 | 0.0 | 0.3 | 0.2 | 0.8 | 0.1 | 0.0 |
Total operating expense | 39.8 | 41.7 | 0.1 | 50.1 | 46.7 | 52.0 | 63.3 | 41.1 |
Operating income | 30.0 | 26.0 | 0.0 | 25.1 | 36.0 | 22.8 | 1.9 | 40.1 |
Operating margin | 17.1% | 15.1% | -8.8% | 14.0% | 18.0% | 12.7% | 1.2% | 20.8% |
Fair value adjustments to warrant liability | 2.0 | 1.4 | | -23.2 | 2.2 | 15.3 | 17.3 | |
Fair value adjustments to earn-out liability | 1.0 | 0.4 | | -4.2 | 2.4 | | | |
Interest expense | -9.9 | -18.3 | 0.0 | -9.0 | -7.4 | -8.0 | -9.9 | -11.2 |
Total non-operating expense (income) | 12.9 | 20.2 | 0.0 | -18.4 | 12.0 | 37.6 | 35.4 | 11.2 |
Income before income taxes | 17.1 | 5.8 | | 43.6 | 24.0 | -14.8 | -33.5 | 28.9 |
Income tax expense | 4.1 | 1.6 | 0.0 | 3.0 | 7.2 | 3.2 | -3.3 | 5.8 |
Net income | 13.0 | 4.2 | 0.0 | 40.6 | 16.9 | -18.0 | -30.2 | 23.1 |
|
Comprehensive income: | | | | | | | | |
Foreign currency translation adjustment | 0.3 | -0.2 | 0.0 | 0.5 | 0.2 | 0.0 | 0.0 | 0.0 |
Total comprehensive income | 13.3 | 4.0 | 0.0 | 41.1 | 17.1 | -17.6 | -30.2 | 23.1 |
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Common Share Data: | | | | | | | | |
Weighted average common shares outstanding - basic (in shares) | 117.2 | 117.2 | 0.1 | 116.9 | 115.9 | 90.0 | 106.3 | 67.7 |
Weighted average common shares outstanding - diluted (in shares) | 117.9 | 117.2 | 0.1 | 117.1 | 116.0 | | | 67.7 |
|
Basic net income per share (in dollars per share) | $0.11 | $0.04 | ($0.13) | $0.35 | $0.15 | ($0.19) | ($0.28) | $0.34 |
Diluted net income per share (in dollars per share) | $0.11 | $0.04 | ($0.13) | $0.35 | $0.15 | ($0.19) | ($0.28) | $0.34 |