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 3, 2021 | June 27, 2020 | July 3, 2021 | June 27, 2020 | |||||||||||||
Net Income | $ | 13,638 | $ | 4,503 | $ | 19,118 | $ | 8,691 | ||||||||
Add: | Interest expense | 1,568 | 4,403 | 3,886 | 8,190 | |||||||||||
Income tax expense | 3,346 | 2,056 | 5,102 | 3,462 | ||||||||||||
Depreciation and amortization | 11,394 | 12,237 | 21,936 | 23,277 | ||||||||||||
Stock-based compensation | 4,094 | 3,501 | 7,790 | 6,880 | ||||||||||||
Acquisition-related costs | 180 | 231 | 629 | 571 | ||||||||||||
Adjusted EBITDA | $ | 34,220 | $ | 26,931 | $ | 58,461 | $ | 51,071 |