NV5 GLOBAL, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP FINANCIAL MEASURES
TO COMPARABLE NON-GAAP FINANCIAL MEASURES
(UNAUDITED)
(in thousands, except share data)
RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA
Three Months Ended | Twelve Months Ended | |||||||||||
January 1, 2022 | January 2, 2021 | January 1, 2022 | January 2, 2021 | |||||||||
Net Income | $ | 15,455 | $ | 4,574 | $ | 47,147 | $ | 21,018 | ||||
Add: | Interest expense | 878 | 3,260 | 6,239 | 15,181 | |||||||
Income tax expense | 4,953 | 1,735 | 14,958 | 7,950 | ||||||||
Depreciation and amortization | 11,574 | 10,808 | 44,971 | 45,488 | ||||||||
Stock-based compensation | 4,214 | 4,055 | 16,301 | 14,955 | ||||||||
Acquisition-related costs* | 2,667 | 11 | 3,274 | 856 | ||||||||
Adjusted EBITDA | $ | 39,741 | $ | 24,443 | $ | 132,890 | $ | 105,448 |