NV5 GLOBAL, INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
TO COMPARABLE GAAP FINANCIAL MEASURES
(UNAUDITED)
(in thousands)
RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA
| Three Months Ended | Nine Months Ended | |||||||||||||||
| October 2, 2021 | October 3, 2020 | October 2, 2021 | October 3, 2020 | |||||||||||||
| Net Income | $ | 12,573 | $ | 7,754 | $ | 31,691 | $ | 16,445 | ||||||||
| Add: | Interest expense | 1,475 | 3,731 | 5,362 | 11,921 | |||||||||||
| Income tax expense | 4,902 | 2,753 | 10,005 | 6,215 | ||||||||||||
| Depreciation and amortization | 11,461 | 11,401 | 33,397 | 34,680 | ||||||||||||
| Stock-based compensation | 4,297 | 4,020 | 12,087 | 10,900 | ||||||||||||
| Acquisition-related costs* | (23 | ) | 274 | 607 | 845 | |||||||||||
| Adjusted EBITDA | $ | 34,685 | $ | 29,933 | $ | 93,149 | $ | 81,006 | ||||||||
