Investor Presentaiton
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APPENDIX
NON-GAAP RECONCILIATION (CONT'D)
Non-GAAP Selling, General and Administrative Expenses Reconciliation by Brand:
Three Months Ended March 31,
Crocs Brand GAAP revenues
GAAP selling, general and administrative expenses
Bad debt impact in Russia (1)
Total adjustments
Non-GAAP selling, general and administrative expenses
GAAP selling, general and administrative expenses as a percent of revenues
Non-GAAP selling, general and administrative expenses as a percent of revenues
2022
2021
(in thousands)
545,225 $
460,098
132,673
(5,267)
(5,267)
127,406
98,573
-
98,573
24.3 %
23.4 %
21.4 %
21.4 %
(1) Represents bad debt expense associated with the impact of the war between Russia and Ukraine on wholesale partners in Russia.
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