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NV5 GLOBAL, INC. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO COMPARABLE GAAP FINANCIAL MEASURES (UNAUDITED) (in thousands) | |||||||||
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RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA
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| Three Months Ended | |||||||||
| April 1, 2023 | April 2, 2022 | ||||||||
| Net Income | $ | 5,947 | $ | 8,642 | |||||
| Add: | Interest expense | 1,581 | 914 | ||||||
| Income tax expense | 1,457 | 2,998 | |||||||
| Depreciation and amortization | 12,302 | 11,167 | |||||||
| Stock-based compensation | 5,826 | 4,789 | |||||||
| Acquisition-related costs* | 632 | 355 | |||||||
| Adjusted EBITDA | $ | 27,745 | $ | 28,865 | |||||
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* Acquisition-related costs include contingent consideration fair value adjustments. | |||||||||
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RECONCILIATION OF GAAP EPS TO ADJUSTED EPS
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| Three Months Ended | ||||||||
| April 1, 2023 | April 2, 2022 | |||||||
| Net Income - per diluted share | $ | 0.39 | $ | 0.57 | ||||
| Per diluted share adjustments: | ||||||||
| Add: | Amortization expense of intangible assets and acquisition-related costs | 0.65 | 0.57 | |||||
| Income tax expense | (0.16 | ) | (0.15 | ) | ||||
| Adjusted EPS | $ | 0.88 | $ | 0.99 | ||||
