Cadre Holdings, Inc. [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	S-1
Net sales	457.8	427.3	404.6	420.7
Net sales growth	7.1%	5.6%	-3.8%
Cost of goods sold	282.2	256.6	251.7	274.7
Gross profit	175.7	170.7	152.9	146.0
Gross margin	38.4%	39.9%	37.8%	34.7%

Operating expenses
Selling, general and administrative	153.3	115.0	106.6	124.3

Restructuring and transaction costs
Related party expense
Total operating expenses	159.0	119.0	103.1	118.7
Operating income (loss)	16.7	51.7	49.8	27.4
Operating margin	3.7%	12.1%	12.3%	6.5%

Other expense
Interest expense	-6.2	-16.4	-24.4	-29.8
Other expense, net	-1.1	-0.9	2.7	0.4
Total other expense, net	-7.3	-32.5	-21.9	-29.5
Income (loss) before provision for income taxes	9.4	19.2	27.9	-2.1
(Provision) benefit for income taxes	-3.6	-6.5	10.6	0.1
Net income (loss)	5.8	12.7	38.5	-1.9

Net income (loss) per share:
Basic	$0.16	$0.44	$1.40	($0.07)
Diluted	$0.16	$0.44	$1.40	($0.07)

Weighted average shares outstanding:
Basic	36.1	28.6	27.5	27.4
Diluted	36.1	28.6	27.5	27.4
Net income (loss)	5.8	12.7	38.5	-1.9

Other comprehensive income:
Foreign currency translation adjustments, net of tax(3)	-1.8	0.0	0.4	1.9
Other comprehensive (loss) income	4.0	0.9	0.4
Comprehensive income (loss), net of tax	9.8	13.6	38.9	0.0