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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 103,305 $ 66,183 $ 284,687 $ 192,648
Cost of sales 41,547 30,035 115,318 87,074
Gross profit 61,758 36,148 169,369 105,574
Operating expenses:        
General and administrative expenses 32,752 9,222 70,979 27,517
Selling expenses 3,364 5,330 8,346 5,831
Income from operations 25,642 21,596 90,044 72,226
Other income (expense):        
Revaluation of earnout consideration liability 2,636 0 21,676 0
Revaluation of warrant liability (1,678) 0 16,363 0
Change in fair value of derivative liability - convertible notes redemption make-whole provision 246 0 185 0
Interest expense, net (5,299) (2,499) (14,537) (7,635)
Amortization of deferred financing costs (551) (403) (1,825) (1,195)
Other income 1,291 0 1,291 0
Total other income (expenses), net (3,355) (2,902) 23,153 (8,830)
Income before income taxes 22,287 18,694 113,197 63,396
Provision for income taxes (393) 0 (3,738) 0
Net income 21,894 18,694 109,459 63,396
Net income attributable to redeemable non-controlling interests 19,077 0 93,973 0
Net income attributable to CompoSecure, Inc. $ 2,817 $ 18,694 $ 15,486 $ 63,396
Net income per share attributable to Class A common stockholders - basic (usd per share) $ 0.18   $ 1.02  
Net income per share attributable to Class A common stockholders - diluted (usd per share) [1] $ 0.18   $ 0.94  
Weighted average shares used to compute net income per share attributable to Class A common stockholders - basic (shares) 15,433,438   15,141,169  
Weighted average shares used to compute net income per share attributable to Class A common stockholders - diluted (shares) 19,662,060   32,814,683  
[1] Net income attributable to CompoSecure, Inc.is adjusted for net effects of stock options for the three months ended September 30, 2022, and for net effects of stock options and Exchangeable Notes for the nine months ended September 30, 2022 to calculate diluted net income attributable to CompoSecure, Inc. See note 13.