The following table provides a reconciliation of Adjusted EBITDA, Non-GAAP net income and Non-GAAP net income per share – diluted, to net income and net income per share – diluted, the most comparable GAAP financial measures:
| (Unaudited) | ||||||||||||||||
|
Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| (in thousands, except per share amounts) | 2021 | 2020 | 2021 | 2020 | ||||||||||||
| Net loss | $ | (8,109 | ) | $ | (8,505 | ) | $ | (7,397 | ) | $ | (12,698 | ) | ||||
| Stock-based compensation expense | 10,933 | 6,234 | 31,229 | 13,939 | ||||||||||||
| Amortization of intangible assets | 4,432 | 3,858 | 13,924 | 11,390 | ||||||||||||
| Non-cash interest expense | 2,876 | 2,725 | 8,513 | 8,062 | ||||||||||||
| Restructuring expense | (124 | ) | — | 4,954 | — | |||||||||||
| Impact of non-GAAP tax rate | (366 | ) | 1,294 | (10,044 | ) | 2,375 | ||||||||||
| Special adjustments and other (1) | — | (950 | ) | — | (372 | ) | ||||||||||
| Non-GAAP net income | 9,642 | 4,656 | 41,179 | 22,696 | ||||||||||||
| Depreciation expense | 1,743 | 1,765 | 5,431 | 5,526 | ||||||||||||
| Cash interest expense (income) | 59 | 118 | 210 | (601 | ) | |||||||||||
| Income tax expense, net of non-GAAP impact | 3,388 | 1,636 | 14,468 | 7,975 | ||||||||||||
| Adjusted EBITDA | $ | 14,832 | $ | 8,175 | $ | 61,288 | $ | 35,596 | ||||||||
| Net loss per share - diluted | $ | (0.11 | ) | $ | (0.12 | ) | $ | (0.10 | ) | $ | (0.17 | ) | ||||
| Non-GAAP net income per share - diluted | $ | 0.11 | $ | 0.06 | $ | 0.48 | $ | 0.28 | ||||||||
| GAAP diluted shares outstanding: | 75,750 | 73,311 | 75,226 | 72,979 | ||||||||||||
| Non-GAAP diluted shares outstanding: | 86,300 | 80,700 | 86,300 | 80,700 | ||||||||||||
