Investor Presentaiton
APPENDIX
NON-GAAP RECONCILIATION (CONT'D)
Non-GAAP Selling, General and Administrative Expenses Reconciliation:
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
AC
Three Months Ended March 31,
2022
E
2021
e
(in thousands)
660,148 $
460,098
206,247
128,533
(20,601)
(5,267)
(25,868)
180,379
128,533
31.2 %
27.9 %
Non-GAAP selling, general and administrative expenses as a percent of revenues
27.3 %
27.9 %
Cr
CS
cr
C$
(1) Represents costs related to the Acquisition, including legal, professional, and transaction fees.
CI
OC
500
C
(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.
25
55
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JC
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