| (1) | Adjusted EPS was computed independently for each reconciling item presented; therefore, the sum of Adjusted EPS for each line item may not equal total Adjusted EPS due to rounding. |
|
| (2) | Adjusted EPS numerator includes $1,717 and $1,723 for the three months ended June 30, 2024 and 2023, respectively, and $3,440 for the six months ended June 30, 2024 and 2023 related to interest expense, net of tax, attributable to the convertible senior notes using the if‑converted method. |
Reconciliation of cash flow from operations to Adjusted EBITDA:
|
Three Months Ended |
|
Six Months Ended |
||||||||||||
|
June 30, |
|
June 30, |
||||||||||||
|
2024 |
|
2023 |
|
2024 |
|
2023 |
||||||||
Cash flow from operations |
$ |
62,586 |
|
|
$ |
80,596 |
|
|
$ |
267,555 |
|
|
$ |
256,819 |
|
Cash interest |
|
3,449 |
|
|
|
8,909 |
|
|
|
8,706 |
|
|
|
19,382 |
|
Cash taxes |
|
11,304 |
|
|
|
11,966 |
|
|
|
22,847 |
|
|
|
17,999 |
|
Cash deferred compensation plan distributions |
|
1,963 |
|
|
|
1,704 |
|
|
|
2,436 |
|
|
|
2,125 |
|
Cash acquisition expenses |
|
1,935 |
|
|
|
4,237 |
|
|
|
3,742 |
|
|
|
15,290 |
|
| Cash realignment costs |
|
3,971 |
|
|
|
— |
|
|
|
11,488 |
|
|
|
— |
|
| Changes in operating assets and liabilities |
|
38,813 |
|
|
|
(9,699 |
) |
|
|
(54,519 |
) |
|
|
(97,998 |
) |
| Other (1) |
|
(2,411 |
) |
|
|
(2,164 |
) |
|
|
(4,768 |
) |
|
|
(4,084 |
) |
| Adjusted EBITDA |
$ |
121,610 |
|
|
$ |
95,549 |
|
|
$ |
257,487 |
|
|
$ |
209,533 |
|
