Financial Review Franchise Group Inc.
Reconciliation of Net Income/(Loss) to Adjusted EBITDA
($ in thousands)
Net income (loss)
Add back:
Fiscal 2020
$
27,154
Interest expense
101,751
Income tax expense (benefit)
(57,970)
Depreciation and amortization charges
62,238
Total Adjustments
106,020
EBITDA
133,174
Adjustments to EBITDA
Executive severance and related costs
6,360
Stock based compensation
9,484
Shareholder litigation costs
575
Corporate compliance costs
796
Prepayment penalty on early debt repayment
8,752
Accrued judgments and settlements
(238)
Store closures / Related costs
592
Rebranding costs
8,725
Acquistion costs
17,584
ROU Impairment
2,895
Integration/Related Costs
2,703
Inventory fair value step up amortization
36,244
Total Adjustments to EBITDA
94,474
Adjusted EBITDA
Supplemental Information: Cost Synergies and Acquisition Impacts
$ 227,647
Fiscal 2020
Estimated realized and unrealized cost savings
Other acquisition-related compensation costs
Total
$
27,798
4,640
$
32,438
.
Reflects fiscal 2020 results as filed without the impact of Pet Supplies Plus
FRANCHISE
GROUP INC.
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