TO COMPARABLE GAAP FINANCIAL MEASURES
(UNAUDITED)
(in thousands)
RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA
| Three Months Ended | Six Months Ended | |||||||||||||||
| July 1, 2023 | July 2, 2022 | July 1, 2023 | July 2, 2022 | |||||||||||||
| Net Income | $ | 15,413 | $ | 17,268 | $ | 21,360 | $ | 25,910 | ||||||||
| Add: | Interest expense | 3,648 | 887 | 5,229 | 1,801 | |||||||||||
| Income tax expense | 1,377 | 4,445 | 2,834 | 7,442 | ||||||||||||
| Depreciation and amortization | 14,905 | 10,891 | 27,205 | 22,058 | ||||||||||||
| Stock-based compensation | 4,902 | 4,826 | 10,728 | 9,615 | ||||||||||||
| Acquisition-related costs* | (5,294 | ) | (506 | ) | (4,661 | ) | (151 | ) | ||||||||
| Adjusted EBITDA | $ | 34,951 | $ | 37,811 | $ | 62,695 | $ | 66,675 | ||||||||
