$CLAR

Black Diamond, Inc.

CIK:0000913277|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Sales
Total sales	$ 56,156	$ 55,247	$ 118,094	$ 115,680
Cost of goods sold	28,684	35,567	67,859	75,206
Gross profit	27,472	19,680	50,235	40,474
Operating expenses
Selling, general and administrative	24,303	26,910	50,880	53,526
Restructuring charges	140	161	993	334
Transaction costs	22	108	44	250
Contingent consideration benefit	(254)		(254)
Legal and regulatory matter (benefit) costs	(1,299)	1,837	80	2,462
Impairment of indefinite-lived intangible assets		1,565		1,565
Total operating expenses	22,912	30,581	51,743	58,137
Operating income (loss)	4,560	(10,901)	(1,508)	(17,663)
Other income
Interest income, net	84	153	172	410
Other, net	92	1,483	3,000	1,942
Total other income, net	176	1,636	3,172	2,352
Income (loss) before income tax	4,736	(9,265)	1,664	(15,311)
Income tax expense (benefit)	22	(831)	245	(1,633)
Net income (loss)	4,714	(8,434)	1,419	(13,678)
Other comprehensive income, net of tax:
Foreign currency translation adjustment	841	4,677	1,239	6,394
Unrealized loss on hedging activities		(1,007)		(1,751)
Other comprehensive income	841	3,670	1,239	4,643
Comprehensive income (loss)	$ 5,555	$ (4,764)	$ 2,658	$ (9,035)
Net income (loss) per share:
Basic	$ 0.12	$ (0.22)	$ 0.04	$ (0.36)
Diluted	$ 0.12	$ (0.22)	$ 0.04	$ (0.36)
Weighted average shares outstanding:
Basic	38,369	38,402	38,389	38,384
Diluted	38,369	38,402	38,390	38,384
Domestic sales
Sales
Total sales	$ 24,522	$ 24,724	$ 49,402	$ 49,533
International sales
Sales
Total sales	$ 31,634	$ 30,523	$ 68,692	$ 66,147

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities:
Net income (loss)	$ 1,419	$ (13,678)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property and equipment	1,987	1,760
Amortization of other intangible assets	3,843	4,437
Impairment of indefinite-lived intangible assets		1,565
Accretion of notes payable		61
Loss on disposition of property and equipment	196	428
Noncash lease expense	1,943	1,750
Contingent consideration benefit	(254)
Stock-based compensation	1,422	3,024
Deferred income taxes	(243)	(1,858)
Changes in operating assets and liabilities, net of dispositions:
Accounts receivable	1,666	5,657
Inventories	(8,997)	(10,178)
Prepaid and other assets	(2,387)	(3,145)
Accounts payable	1,809	(2,717)
Accrued liabilities	(4,971)	2,288
Income taxes	174	(891)
Net cash used in operating activities	(2,393)	(11,497)
Cash Flows From Investing Activities:
Purchase of businesses, net of cash acquired	(375)
Proceeds from disposition of property and equipment	28	54
Purchases of property and equipment	(2,662)	(3,044)
Net cash used in investing activities	(3,009)	(2,990)
Cash Flows From Financing Activities:
Purchase of treasury stock	(479)	(42)
Cash dividends paid	(1,922)	(1,920)
Net cash used in financing activities	(2,401)	(1,962)
Effect of foreign exchange rates on cash and restricted cash	465	520
Change in cash and restricted cash	(7,338)	(15,929)
Cash and restricted cash, beginning of year	38,195	45,359
Cash and restricted cash, end of period	30,857	29,430
Supplemental Disclosure of Cash Flow Information:
Cash paid for income taxes	72	861
Cash paid for interest		14
Supplemental Disclosures of Non-Cash Investing and Financing Activities:
Contingent consideration for business acquisitions	499
Purchases of property and equipment incurred but not paid	105	79
Lease liabilities arising from obtaining right-of-use assets	$ 6,433	$ 485

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash	$ 28,925	$ 36,691
Accounts receivable, less allowance for credit losses of $1,269 and $1,121	43,119	44,839
Inventories	92,008	83,028
Prepaid and other current assets	8,076	5,457
Income tax receivable	1,427	1,407
Total current assets	173,555	171,422
Property and equipment, net	18,867	18,255
Other intangible assets, net	21,565	23,761
Indefinite-lived intangible assets	19,600	19,600
Deferred income taxes	55	55
Other long-term assets	21,188	15,935
Total assets	254,830	249,028
Current liabilities
Accounts payable	17,861	15,907
Accrued liabilities	20,843	24,403
Income tax payable	320	179
Total current liabilities	39,024	40,489
Deferred income taxes	1,301	1,418
Other long-term liabilities	16,433	10,728
Total liabilities	56,758	52,635
Stockholders' Equity
Preferred stock, $0.0001 par value per share; 5,000 shares authorized; none issued
Common stock, $0.0001 par value per share; 100,000 shares authorized; 43,104 and 43,054 issued and 38,288 and 38,402 outstanding, respectively	4	4
Additional paid in capital	704,909	703,487
Accumulated deficit	(457,756)	(457,253)
Treasury stock, at cost	(33,635)	(33,156)
Accumulated other comprehensive loss	(15,450)	(16,689)
Total stockholders' equity	198,072	196,393
Total liabilities and stockholders' equity	$ 254,830	$ 249,028