Crocs Results Presentation Deck
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APPENDIX
NON-GAAP RECONCILIATION (CONT'D)
Non-GAAP Earnings Per Share Reconciliation:
Numerator:
GAAP net income
Non-GAAP cost of sales adjustments (1)
Non-GAAP selling, general and administrative expenses adjustments (2)
Tax effect of non-GAAP adjustments
Non-GAAP net income
Denominator:
GAAP weighted average common shares outstanding - basic
Plus: GAAP dilutive effect of stock options and unvested restricted stock
units
GAAP weighted average common shares outstanding - diluted
GAAP net income per common share:
Basic
Diluted
Non-GAAP net income per common share:
Basic
Diluted
$
Three Months Ended September 30,
2022
2021
169,349 $
1,279
9,123
5,617
185,368 $
61,693
674
62,367
2.75
2.72 $
3.00
2.97
SALA
$
(in thousands, except per share data)
153,489 $
2,031
1,048
156,568
62,033
1,291
63,324
$
$
2.47
2.42 $
Nine Months Ended September 30,
2022
2021
2.52 $
2.47 $
402,424 $
67,334
42,504
(515)
511,747
61,042
798
61,840
6.59
6.51
$
8.38 $
8.28
$
570,841
4,131
(174,541)
400,431
(1) See 'Non-GAAP cost of sales, gross profit, and gross margin reconciliation' above for more information.
(2) See 'Non-GAAP selling, general and administrative expenses and selling, general and administrative expenses as a percent of revenues reconciliation' above for more information.
63,695
1,242
64,937
8.96
8.79
6.29
6.17
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