Crocs Results Presentation Deck
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APPENDIX
NON-GAAP RECONCILIATION (CONT'D)
Non-GAAP Selling, General and Administrative Expenses Reconciliation:
Three Months Ended March 31,
2022
2021
GAAP revenues
GAAP selling, general and administrative expenses
HEYDUDE acquisition-related costs (1)
Bad debt impact in Russia (2)
Total adjustments
Non-GAAP selling, general and administrative expenses (3)
GAAP selling, general and administrative expenses as a percent of revenues
Non-GAAP selling, general and administrative expenses as a percent of revenues
(in thousands)
660,148 $
206,247 $
(20,601)
(5,267)
(25,868)
180,379
(1) Represents costs related to the Acquisition, including legal, professional, and transaction fees.
(2) Represents bad debt expense associated with the impact of the war between Russia and Ukraine on wholesale partners in Russia.
(3) Non-GAAP selling, general and administrative expenses are presented gross of tax.
31.2 %
27.3 %
$
460,098
128,533
128,533
27.9 %
27.9 %
25
AC
5
E
12
d
40
24
JC
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