(1)  Included in 2020 are a) $1.0 million of proceeds from settlements related to a historical acquisition for both the three and nine months ended September 30, 2020, and b) $0.6 million of severance expense for the nine months ended September 30, 2020.

The following table provides a reconciliation of Free Cash Flow to net cash provided by operating activities, the most comparable GAAP financial measure:

		(Unaudited)
		Three Months Ended September 30,								Nine Months Ended September 30,
(in thousands)		2021				2020				2021				2020
Net cash provided by (used in) operating activities		$	872			$	(6,022	)		$	55,594			$	27,379
Capital expenditures			(1,420	)			(1,476	)			(6,811	)			(4,006	)
Free cash flow		$	(548	)		$	(7,498	)		$	48,783			$	23,373

Business Outlook

The following table provides a reconciliation of projected Adjusted EBITDA and projected Non-GAAP net income to projected net loss, the most comparable GAAP financial measure:

		(Unaudited)
		Three Months Ending December 31, 2021								Year Ending December 31, 2021
(in thousands)		Low				High				Low				High
Net loss		$	(13,100	)		$	(10,200	)		$	(20,800	)		$	(17,900	)
Stock-based compensation expense			11,500				11,500				42,700				42,700
Amortization of intangible assets			4,200				4,200				18,100				18,100
Non-cash interest expense			2,900				2,900				11,400				11,400
Restructuring expense			—				—				5,000				5,000
Impact of non-GAAP tax rate			1,300				600				(8,700	)			(9,400	)
Non-GAAP net income			6,800				9,000				47,700				49,900
Depreciation expense			1,700				1,700				7,200				7,200
Cash interest expense, net			100				100				300				300
Income tax expense, net of non-GAAP impact			2,400				3,200				16,800				17,600
Adjusted EBITDA		$	11,000			$	14,000			$	72,000			$	75,000

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