| 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 | ||||||||
| April 3, 2021 | March 28, 2020 | |||||||
| Net Income | $ | 5,480 | $ | 4,188 | ||||
| Add: | Interest expense | 2,318 | 3,788 | |||||
| Income tax expense | 1,757 | 1,406 | ||||||
| Depreciation and amortization | 10,542 | 11,040 | ||||||
| Stock-based compensation | 3,696 | 3,379 | ||||||
| Acquisition-related costs | 449 | 340 | ||||||
| Adjusted EBITDA | $ | 24,242 | $ | 24,141 | ||||
| RECONCILIATION OF GAAP EPS TO ADJUSTED EPS | ||||||||
| Three Months Ended | ||||||||
| April 3, 2021 | March 28, 2020 | |||||||
| Net Income - per diluted share | $ | 0.41 | $ | 0.33 | ||||
| Per diluted share adjustments: | ||||||||
| Add: | Amortization expense of intangible assets and acquisition-related costs | 0.63 | 0.69 | |||||
| Income tax expense | (0.16 | ) | (0.18 | ) | ||||
| Adjusted EPS | $ | 0.88 | $ | 0.84 | ||||
