(1)  The three months ended September 30, 2022, includes $6.8 million currency losses on acquisition-related intercompany loans and a $2.2 million gain from a mark-to-market adjustment of contingent consideration associated with the World Programming acquisition. The nine months ended September 30, 2022, includes $16.6 million expense on the repurchase of convertible senior notes, $13.7 million currency losses on acquisition-related intercompany loans and a $7.5 million gain from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition.

The following table provides a reconciliation of Free Cash Flow to net cash provided by operating activities, the most comparable GAAP financial measure:

		(Unaudited)
		Three Months Ended September 30,								Nine Months Ended September 30,
(in thousands)		2022				2021				2022				2021
Net cash provided by operating activities (1)		$	8,493			$	872			$	26,534			$	55,594
Capital expenditures			(3,264	)			(1,420	)			(6,721	)			(6,811	)
Free cash flow (1)		$	5,229			$	(548	)		$	19,813			$	48,783

(1)   The nine months ended September 30, 2022, includes a $65.9 million payment in January 2022 for a legal judgement acquired in December 2021.

The following table provides a reconciliation of Non-GAAP gross profit to gross profit, the most comparable GAAP financial measure:

		(Unaudited)
		Three Months Ended September 30,								Nine Months Ended September 30,
(in thousands)		2022				2021				2022				2021
Gross profit		$	91,442			$	89,806			$	322,753			$	294,513
Stock-based compensation expense			2,332				1,411				6,265				3,791
Restructuring expense			—				(10	)			—				926
Non-GAAP gross profit		$	93,774			$	91,207			$	329,018			$	299,230
Non-GAAP gross margin			78.6	%			75.2	%			79.9	%			76.5	%

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