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NV5 GLOBAL, INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO COMPARABLE GAAP FINANCIAL MEASURES (UNAUDITED) (in thousands, except share data) |
RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA
| Three Months Ended | ||||||||
| March 30, 2024 | April 1, 2023 | |||||||
| Net Income | $ | 408 | $ | 5,947 | ||||
| Add: | Interest expense | 4,191 | 1,581 | |||||
| Income tax expense | 110 | 1,457 | ||||||
| Depreciation and amortization | 16,043 | 12,302 | ||||||
| Stock-based compensation | 6,666 | 5,826 | ||||||
| Acquisition-related costs* | 1,312 | 632 | ||||||
| Adjusted EBITDA | $ | 28,730 | $ | 27,745 | ||||
* Acquisition-related costs include contingent consideration fair value adjustments.
RECONCILIATION OF GAAP EPS TO ADJUSTED EPS
| Three Months Ended | ||||||||
| March 30, 2024 | April 1, 2023 | |||||||
| Net Income - per diluted share | $ | 0.03 | $ | 0.39 | ||||
| Per diluted share adjustments: | ||||||||
| Add: | Amortization expense of intangible assets and acquisition-related costs | 0.84 | 0.65 | |||||
| Income tax expense | (0.21 | ) | (0.16 | ) | ||||
| Adjusted EPS | $ | 0.66 | $ | 0.88 | ||||
