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 | Six Months Ended | |||||||||||||
July 2, 2022 | July 3, 2021 | July 2, 2022 | July 3, 2021 | |||||||||||
Net Income | $ | 17,268 | $ | 13,638 | $ | 25,910 | $ | 19,118 | ||||||
Add: | Interest expense | 887 | 1,568 | 1,801 | 3,886 | |||||||||
Income tax expense | 4,445 | 3,346 | 7,442 | 5,102 | ||||||||||
Depreciation and amortization | 10,891 | 11,394 | 22,058 | 21,936 | ||||||||||
Stock-based compensation | 4,826 | 4,094 | 9,615 | 7,790 | ||||||||||
Acquisition-related costs* | (506 | ) | 180 | (151 | ) | 629 | ||||||||
Adjusted EBITDA | $ | 37,811 | $ | 34,220 | $ | 66,675 | $ | 58,461 |