Investor Presentaiton
MGP
RECONCILIATION OF GAAP TO NON-GAAP - OPERATING INCOME
Reconciliation of GAAP to Non GAAP Measures
Operating Income
(Dollars in Thousands)
Quarter Ended March 31,
2021
2020
Reported GAAP Operating Income
$
20,500 $
13,708
Adjusted to remove:
Business acquisition costs (a)
1,890
CEO transition costs (b)
585
Adjusted Non-GAAP Operating Income
$
22,390
$
14,293
(a) The Business acquisition costs are included in Statement of Income within the Selling, general and administrative
line item. The adjustment includes transaction and integration costs associated with the Luxco acquisition
(b) The CEO transition costs are included in Statement of Income within the Selling, general and administrative line
item. The adjustment includes additional employee related costs in connection with the transition of CEOs.
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