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Hydrofarm Holdings Group, Inc. – ‘10-Q’ for 6/30/22 – ‘EX-31.2’

On:  Tuesday, 8/9/22, at 4:36pm ET   ·   For:  6/30/22   ·   Accession #:  1628280-22-21970   ·   File #:  1-39773

Previous ‘10-Q’:  ‘10-Q’ on 5/10/22 for 3/31/22   ·   Next:  ‘10-Q’ on 11/9/22 for 9/30/22   ·   Latest:  ‘10-Q’ on 11/9/23 for 9/30/23   ·   1 Reference:  By:  Hydrofarm Holdings Group, Inc. – ‘S-3’ on 11/9/22

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/09/22  Hydrofarm Holdings Group, Inc.    10-Q        6/30/22   84:8.6M                                   Workiva Inc Wde… FA01/FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.74M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     27K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     26K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     23K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     23K 
11: R1          Cover                                               HTML     75K 
12: R2          Condensed Consolidated Balance Sheets (Unaudited)   HTML    132K 
13: R3          Condensed Consolidated Balance Sheets (Unaudited)   HTML     31K 
                (Parenthetical)                                                  
14: R4          Condensed Consolidated Statements of Operations     HTML     99K 
                (Unaudited)                                                      
15: R5          Condensed Consolidated Statements of Comprehensive  HTML     44K 
                (Loss) Income (Unaudited)                                        
16: R6          Condensed Consolidated Statements of Changes in     HTML    104K 
                Stockholders? Equity (Unaudited)                                 
17: R7          Condensed Consolidated Statements of Changes in     HTML     23K 
                Stockholders? Equity (Unaudited) (Parenthetical)                 
18: R8          Condensed Consolidated Statements of Cash Flows     HTML    118K 
                (Unaudited)                                                      
19: R9          Description of the Business                         HTML     28K 
20: R10         Basis of Presentation and Significant Accounting    HTML     66K 
                Policies                                                         
21: R11         Business Combinations                               HTML    121K 
22: R12         Goodwill and Intangible Assets, Net                 HTML     82K 
23: R13         Earnings (Loss) Per Common Share (?Eps?)            HTML     60K 
24: R14         Accounts Receivable, Net and Inventories            HTML     39K 
25: R15         Operating Leases                                    HTML     53K 
26: R16         Property, Plant and Equipment, Net                  HTML     40K 
27: R17         Accrued Expenses and Other Current Liabilities      HTML     35K 
28: R18         Debt                                                HTML     50K 
29: R19         Stockholders? Equity                                HTML     38K 
30: R20         Stock-Based Compensation                            HTML     74K 
31: R21         Commitments, Contingencies, and Related Party       HTML     26K 
                Transactions                                                     
32: R22         Fair Value Measurements                             HTML     35K 
33: R23         Basis of Presentation and Significant Accounting    HTML     64K 
                Policies (Policies)                                              
34: R24         Basis of Presentation and Significant Accounting    HTML     65K 
                Policies (Tables)                                                
35: R25         Business Combinations (Tables)                      HTML    111K 
36: R26         Goodwill and Intangible Assets, Net (Tables)        HTML    126K 
37: R27         Earnings (Loss) Per Common Share (?Eps?) (Tables)   HTML     60K 
38: R28         Accounts Receivable, Net and Inventories (Tables)   HTML     43K 
39: R29         Operating Leases (Tables)                           HTML     55K 
40: R30         Property, Plant and Equipment, Net (Tables)         HTML     39K 
41: R31         Accrued Expenses and Other Current Liabilities      HTML     35K 
                (Tables)                                                         
42: R32         Debt (Tables)                                       HTML     35K 
43: R33         Stockholders? Equity (Tables)                       HTML     31K 
44: R34         Stock-Based Compensation (Tables)                   HTML     71K 
45: R35         Fair Value Measurements (Tables)                    HTML     32K 
46: R36         Description of the Business (Details)               HTML     43K 
47: R37         BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING    HTML     54K 
                POLICIES - Narrative (Details)                                   
48: R38         BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING    HTML     42K 
                POLICIES - Entity-wide Information (Details)                     
49: R39         BUSINESS COMBINATIONS - Narrative (Details)         HTML    113K 
50: R40         BUSINESS COMBINATIONS - Components (Details)        HTML     59K 
51: R41         BUSINESS COMBINATIONS - Allocation (Details)        HTML    160K 
52: R42         BUSINESS COMBINATIONS - Pro Forma (Details)         HTML     27K 
53: R43         GOODWILL AND INTANGIBLE ASSETS, NET - Narrative     HTML     35K 
                (Details)                                                        
54: R44         GOODWILL AND INTANGIBLE ASSETS, NET - Goodwill      HTML     39K 
                (Details)                                                        
55: R45         GOODWILL AND INTANGIBLE ASSETS, NET - Intangible    HTML     57K 
                Assets, net (Details)                                            
56: R46         GOODWILL AND INTANGIBLE ASSETS, NET - Useful Life   HTML     44K 
                Finite-lived Intangible Assets (Details)                         
57: R47         GOODWILL AND INTANGIBLE ASSETS, NET - Future        HTML     39K 
                Amortization Expense (Details)                                   
58: R48         Earnings (Loss) Per Common Share (?EPS?) -          HTML     65K 
                Calculation for Basic and Diluted EPS (Details)                  
59: R49         Earnings (Loss) Per Common Share (?EPS?) -          HTML     33K 
                Antidilutive (Details)                                           
60: R50         ACCOUNTS RECEIVABLE, NET AND INVENTORIES -          HTML     32K 
                Accounts Receivable, Net (Details)                               
61: R51         ACCOUNTS RECEIVABLE, NET AND INVENTORIES -          HTML     33K 
                Inventories (Details)                                            
62: R52         OPERATING LEASES - Narrative (Details)              HTML     36K 
63: R53         OPERATING LEASES - Balance Sheet (Details)          HTML     32K 
64: R54         OPERATING LEASES - Future Minimum Lease Payment     HTML     48K 
                (Details)                                                        
65: R55         OPERATING LEASES - Lease Not yet Commenced          HTML     36K 
                Maturity (Details)                                               
66: R56         Property, Plant and Equipment, Net (Details)        HTML     51K 
67: R57         Accrued Expenses and Other Current Liabilities      HTML     37K 
                (Details)                                                        
68: R58         DEBT - Components (Details)                         HTML     41K 
69: R59         DEBT - Term Loans (Details)                         HTML     65K 
70: R60         DEBT - Revolving Asset-backed Credit Facilities     HTML     78K 
                (Details)                                                        
71: R61         STOCKHOLDERS? EQUITY - Warrant Narrative (Details)  HTML     46K 
72: R62         STOCKHOLDERS? EQUITY - Outstanding Warrants         HTML     31K 
                (Details)                                                        
73: R63         STOCK-BASED COMPENSATION - Narrative (Details)      HTML     51K 
74: R64         STOCK-BASED COMPENSATION - RSU Activity (Details)   HTML     47K 
75: R65         STOCK-BASED COMPENSATION - PSU Activity (Details)   HTML     42K 
76: R66         STOCK-BASED COMPENSATION - Stock Option Activity    HTML     89K 
                (Details)                                                        
77: R67         STOCK-BASED COMPENSATION - Unvested Stock Option    HTML     42K 
                Activity (Details)                                               
78: R68         Commitments, Contingencies, and Related Party       HTML     28K 
                Transactions (Details)                                           
79: R69         Fair Value Measurements (Details)                   HTML     30K 
82: XML         IDEA XML File -- Filing Summary                      XML    152K 
80: XML         XBRL Instance -- hyfm-20220630_htm                   XML   2.11M 
81: EXCEL       IDEA Workbook of Financial Reports                  XLSX    155K 
 7: EX-101.CAL  XBRL Calculations -- hyfm-20220630_cal               XML    236K 
 8: EX-101.DEF  XBRL Definitions -- hyfm-20220630_def                XML    599K 
 9: EX-101.LAB  XBRL Labels -- hyfm-20220630_lab                     XML   1.67M 
10: EX-101.PRE  XBRL Presentations -- hyfm-20220630_pre              XML   1.03M 
 6: EX-101.SCH  XBRL Schema -- hyfm-20220630                         XSD    173K 
83: JSON        XBRL Instance as JSON Data -- MetaLinks              414±   641K 
84: ZIP         XBRL Zipped Folder -- 0001628280-22-021970-xbrl      Zip    406K 


‘EX-31.2’   —   Certification — §302 – SOA’02


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Exhibit 31.2

CERTIFICATIONS UNDER SECTION 302
I, B. John Lindeman, certify that:

1.    I have reviewed this quarterly report on Form 10-Q of Hydrofarm Holdings Group, Inc.;

2.    Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.    Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.    The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)    designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)    designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)    disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.    The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)    all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)    any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 9, 2022

By:/s/ B. John Lindeman
B. John Lindeman
Chief Financial Officer
(Principal Financial Officer)


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/9/228-K
For Period end:6/30/22
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/09/22  Hydrofarm Holdings Group, Inc.    S-3                    6:994K                                   Toppan Merrill/FA
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Filing Submission 0001628280-22-021970   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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