XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]        
Net sales $ 607,294 [1] $ 654,431 [1] $ 890,435 $ 963,309
Cost of goods sold 398,777 [2] 368,709 [2] 617,905 542,782
Gross profit 208,517 285,722 272,530 420,527
Operating expenses:        
Selling, general and administrative [3] 165,937 [4],[5] 183,883 [4],[5] 314,021 297,986
Amortization of intangible assets 5,167 3,847 10,341 6,864
Gain on disposal of assets held for sale 0 0 0 (5,185)
Income (loss) from operations 37,413 97,992 (51,832) 120,862
Foreign currency loss (gain) 4,053 3,493 4,217 (14)
Interest income (386) [6] (246) [6] (616) (425)
Interest expense 17,401 17,522 33,162 32,174
Loss from early extinguishment of debt 0 0 0 5,448
Other expense 434 0 434 0
Income (loss) before taxes 15,911 77,223 (89,029) 83,679
Income tax expense 67,224 15,223 36,837 15,389
Gain from investments in unconsolidated affiliates 0 (6,910) 0 (5,505)
Net (loss) income (51,313) 68,910 (125,866) 73,795
Net income (loss) attributable to noncontrolling interests 3,137 0 (88,193) 0
Net (loss) income attributable to Weber Inc. $ (54,450) $ 68,910 $ (37,673) $ 73,795
Earnings (loss) per share of Class A common stock        
Basic (in dollars per share) $ (1.02)   $ (0.71)  
Diluted (in dollars per share) $ (1.02)   $ (0.71)  
Weighted average shares outstanding        
Basic (in shares) 53,437,683   53,370,823  
Diluted (in shares) 53,437,683   53,370,823  
[1] Includes related party royalty revenue of $129 and $(97) for the three months ended March 31, 2022 and 2021, respectively, and $273 and $(54) for the six months ended March 31, 2022 and 2021, respectively (see Note 9).
[2] Includes related party rental expense of zero and $213 for the three months ended March 31, 2022 and 2021, respectively, and zero and $392 for the six months ended March 31, 2022 and 2021, respectively (see Note 9).
[3] Includes related party compensation expense of $420 and zero for the three months ended March 31, 2022 and 2021, respectively, and $420 and zero for the six months ended March 31, 2022 and 2021, respectively (see Note 9).
[4] Includes related party rental expense of $170 and $69 for the three months ended March 31, 2022 and 2021, respectively, and $337 and $128 for the six months ended March 31, 2022 and 2021, respectively (see Note 9).
[5] Includes related party royalty expense of zero and zero for the three months ended March 31, 2022 and 2021, respectively, and zero and $268 for the six months ended March 31, 2022 and 2021, respectively (see Note 9).
[6] Includes related party interest income of zero and $15 for the for the three months ended March 31, 2022 and 2021, respectively, and $3 and $29 for the six months ended March 31, 2022 and 2021, respectively (see Note 9).