Investor Presentaiton
Reconciliation of GAAP to Non-GAAP Items
t
X
March 31, 2023
December 31,
2022
March 31, 2022
December 31,
2022
(Dollars in thousands,
except per share amounts)
(Unaudited)
December 31,
2021
(Dollars in thousands,
except per share amounts)
(Unaudited)
Reconciliation of adjusted net income:
Net income attributable to common shareholders
$
53,626
$
61,854 $
72,705
$
289,549
$
273,459
Adjustments:
Unrealized loss (gain) on financial instruments, net
Impact of reconciling items on income tax
(3)
176
207
502
(4,409)
1
(37)
(43)
(105)
(288)
Adjusted net income
$
53,624
$
61,993
$
72,869
$
289,946
$
284,087
Adjusted net income per diluted common share
1.22
$
1.38
$
1.48
$
6.13
$
5.62
Reconciliation of adjusted EBITDA:
Net income attributable to common shareholders
Adjustments:
Interest income
Interest expense
Unrealized loss (gain) on financial instruments, net
Income tax expense
Depreciation and amortization
Adjusted EBITDA
$
53,626
$
61,854
$
72,705
$
289,549
$
273,459
(2,082)
42,130
(1,818)
43,105
(36)
(3,261)
(123)
35,309
157,249
127,269
(3)
176
207
502
(4,409)
1,476
2,007
1,639
7,539
1,773
71,838
$
166,985
$
74,140
179,464
72,493
292,828
284,115
$
182,317
$
745,514
$
697,948
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