Investor Presentaiton
Reconciliation of Net Income to Adjusted EBITDA by Month
One Month Ended
One Month Ended
(in thousands)
Revenue
January 31,
2020
February 29,
2020
March 31,
2020
January 31,
2019
February 28,
2019
March 31,
2019
$
42,159 $
48,097 $
18,892 $
35,949 $
37,211
$
47,471
Net income (loss)
$
(626) $
6,003
(14,255)
4,640 $
4,939 $
8,017
Interest expense, net of interest income
3,721
3,629
4,023
2,412
2,196
2,430
(Benefit) provision for income taxes
90
1,673
(7,427)
1,496
1,592
2,585
Depreciation and amortization
2,854
3,062
3,063
2,247
2,324
2,198
Acquisition, integration and restructuring expense
545
658
583
1,143
1,778
3,957
Goodwill and asset impairment
8,708
-
Share-based compensation
4,411
476
655
58
58
35
Professional and advisory fees associated with capital
return program
(17)
8
(7)
Credit Agreement amendment expenses (1)
(40)
11
268
335
Gain on insurance recoveries (1)
(381)
(26)
(476)
Other (1)
Adjusted EBITDA
$
74
10,631 $
168
633
(375)
(213)
31
15,662 $
(4,232) $
11,621 $
12,674 $
19,588
(1)
See descriptions of adjustments in the "Reconciliation of Net Income and Net Income Margin to Adjusted EBITDA and Adjusted EBITDA Margin" table in the Q1 2020
Earnings Release.
TRWH
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