Crocs Results Presentation Deck slide image

Crocs Results Presentation Deck

APPENDIX Non-GAAP Reconciliation (Cont'd) Non-GAAP selling, general and administrative expenses and selling, general and administrative expenses as a percent of revenues reconciliation: GAAP revenues (1) (2) GAAP selling, general and administrative expenses Information technology project discontinuation Duplicate headquarters rent (¹) (2) HEYDUDE acquisition and integration costs Impact of shutdown of Russia direct operations (4) Other Total adjustments Non-GAAP selling, general and administrative expenses (3) (4) (3) (5) GAAP selling, general and administrative expenses as a percent of revenues Non-GAAP selling, general and administrative expenses as a percent of revenues CROCS inc Three Months Ended June 30, 2023 2022 1,072,367 302,818 (1,126) (130) (3,248) (4,504) 298,314 28.2 % 27.8 % $ (in thousands) 964,581 249,769 (1,202) (5,741) (570) (7,513) 242,256 25.9 % 25.1 % Six Months Ended June 30, 2023 2022 1,956,533 544,260 $ (4,119) (2,193) (1,416) (5,608) (13,336) 530,924 27.8 % 27.1 % $ 1,624,729 456,016 (1,202) (26,342) (5,837) (33,381) 422,635 Represents duplicate rent costs associated with our upcoming move to a new headquarters. Represents costs related to the integration of HEYDUDE in the three and six months ended June 30, 2023 and costs related to the acquisition and integration of HEYDUDE in the three months ended June 30, 2022 and the partial period from the acquisition date of February 17, 2022 through June 30, 2022 (the "Partial Period"). Represents various costs in the prior year associated with the shutdown of our direct operations in Russia, including severance and lease exit costs and penalties. Includes various restructuring costs, as well as costs associated with the implementation of a new enterprise resource planning system. (5) Non-GAAP selling, general and administrative expenses are presented gross of tax. 28.1 % 26.0 % 35
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