Positioned for Strong Recovery in FY2023 & Beyond
Adjusted EPS Reconciliation
Reconciliation of Net Income to Adjusted Net Income and of Diluted EPS to Adjusted Diluted EPS
BLUE BIRD
(in thousands of dollars)
Net loss
Adjustments, net of tax benefit or expense (1)
Operational transformation initiatives
Product redesign initiatives
Share-based compensation expense
Restructuring charges
Costs directly attributed to the COVID-19 pandemic (2)
Loss on debt modification
Adjusted net (loss) income, non-GAAP
$
(11,294) $
Three Months Ended
December 31, 2022 January 1, 2022
(4,082)
$
632
1
190
465
1,255
185
22
424
(9,772) $
421
(2,010)
(1) Amounts are net of estimated statutory tax rates of 21% for the three months ended December 31, 2022, and 25% for the three
months ended January 1, 2021.
(2) Primarily costs incurred for third party cleaning services and personal protective equipment for our employees in response to
the COVID-19 pandemic.
Three Months Ended
December 31, 2022
Diluted loss per share
$
One-time charge adjustments, net of tax benefit or expense
Adjusted diluted (loss) earnings per share, non-GAAP
Weighted average dilutive shares outstanding
$
(0.35) $
0.05
(0.30) $
32,243,213
January 1, 2022
(0.15)
0.08
(0.07)
28,395,912
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