Crocs Investor Presentation Deck
NON-GAAP RECONCILIATION (cont'd)
Non-GAAP earnings per share reconciliation:
Numerator:
GAAP net income
Non-GAAP cost of sales adjustments (1)
Non-GAAP selling, general and administrative
expenses adjustments (2)
Non-GAAP other income adjustment (3)
Tax effect of non-GAAP adjustments
Non-GAAP net income
Denominator:
GAAP weighted average common shares
outstanding - basic
Plus: GAAP dilutive effect of stock options and
unvested restricted stock units
GAAP weighted average common shares
outstanding - diluted
GAAP net income per common share:
Basic
Diluted
Non-GAAP net income per common share:
Basic
Diluted
crocs™
$
LA LA
$
$
Three Months Ended June 30,
2021
318,954 $
1,115
(175,690)
144,379 $
63,595
1,045
64,640
5.02
4.93 $
2.27 $
2.23 $
2020
2021
(in thousands, except per share data)
56,551 $
3,208
14,010
(919)
(4,075)
68,775 $
67,416
622
68,038
0.84 $
0.83 $
1.02 $
1.01
$
Six Months Ended June 30,
417,352
2,100
(175,587)
243,865 $
64,526
1,218
65,744
6.47
6.35
3.78
3.71
$
(1) See 'Non-GAAP cost of sales, gross profit, and gross margin reconciliation' above for more information.
(2) See 'Non-GAAP selling, general and administrative expenses and selling, general and administrative expenses as a percent of revenues reconciliation' above for more information.
(3) Represents a prior year fair value adjustment associated with our donations of inventory.
$
$
$
$
2020
67,642
4,135
18,623
(919)
(5,460)
84,021
67,674
990
68,664
1.00
0.99
1.24
1.22
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