The following table provides a reconciliation Adjusted EBITDA, Non-GAAP net income and Non-GAAP net income per share – diluted, to net loss and net loss per share – diluted, the most comparable GAAP financial measures:
| (Unaudited) | ||||||||||||||||
|
Three Months Ended
December 31, |
Twelve Months Ended
December 31, | |||||||||||||||
| (in thousands, except per share amounts) | 2021 | 2020 | 2021 | 2020 | ||||||||||||
| Net (loss) income | $ | (1,397 | ) | $ | 2,198 | $ | (8,794 | ) | $ | (10,500 | ) | |||||
| Stock-based compensation expense | 13,320 | 7,416 | 44,549 | 21,355 | ||||||||||||
| Amortization of intangible assets | 4,433 | 4,986 | 18,357 | 16,376 | ||||||||||||
| Non-cash interest expense | 2,915 | 2,762 | 11,428 | 10,824 | ||||||||||||
| Restructuring expense | 99 | — | 5,053 | — | ||||||||||||
| Impact of non-GAAP tax rate | (1,696 | ) | (2,900 | ) | (11,740 | ) | (525 | ) | ||||||||
| Special adjustments and other (1) | (1,229 | ) | — | (1,229 | ) | (372 | ) | |||||||||
| Non-GAAP net income | 16,445 | 14,462 | 57,624 | 37,158 | ||||||||||||
| Depreciation expense | 1,856 | 1,904 | 7,287 | 7,430 | ||||||||||||
| Cash interest (income) expense | (114 | ) | 244 | 96 | (357 | ) | ||||||||||
| Income tax expense, net of non-GAAP impact | 5,778 | 5,082 | 20,246 | 13,057 | ||||||||||||
| Adjusted EBITDA | $ | 23,965 | $ | 21,692 | $ | 85,253 | $ | 57,288 | ||||||||
| Net (loss) income per share, diluted | $ | (0.02 | ) | $ | 0.03 | $ | (0.12 | ) | $ | (0.14 | ) | |||||
| Non-GAAP net income per share, diluted | $ | 0.19 | $ | 0.17 | $ | 0.66 | $ | 0.45 | ||||||||
| GAAP diluted shares outstanding: | 79,008 | 78,484 | 76,179 | 73,241 | ||||||||||||
| Non-GAAP diluted shares outstanding: | 87,300 | 83,000 | 87,300 | 83,000 | ||||||||||||
