Crocs Results Presentation Deck
APPENDIX
Non-GAAP Reconciliation (Cont'd)
Non-GAAP Earnings Per Share Reconciliation:
Numerator:
GAAP net income
Non-GAAP cost of sales adjustments
Non-GAAP selling, general and administrative expenses adjustments
Tax effect of non-GAAP adjustments
Non-GAAP net income
(1)
GAAP net income per common share:
Basic
Diluted
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
(2)
Non-GAAP net income per common share:
Basic
Diluted
$
$
$
$
Three Months Ended June 30,
Six Months Ended June 30,
2023
2022
2023
(in thousands, except per share data)
2022
212,412
1,586
4,504
6,151
224,653
62,037
566
62,603
3.42
3.39
3.62
3.59
$
$
$
160,315 $
35,137
7,513
(1,617)
201,348 $
61,590
646
62,236
2.60 $
2.58
$
3.27 $
3.24 $
361,955
4,867
13,336
7,902
388,060 $
61,937
679
62,616
5.84
5.78
$
6.27
$
6.20 $
233,075
66,055
33,381
(6,132)
326,379
60,712
859
61,571
3.84
3.79
5.38
5.30
(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.
CROCS inc
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