Crocs Investor 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 (3)
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 December 31,
2021
2022
137,735
7,502
18,236
2,108
165,581
61,747
754
62,501
2.23
2.20
2.68
2.65
(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 reconciliation' above for more information.
(3) See 'Non-GAAP income tax expense (benefit) and effective tax rate reconciliation' above for more information.
2022
(in thousands, except per share data)
$
$
$
$
154,853
1,705
6,362
(33,515)
129,405
58,847
1,291
60,138
2.63
2.57
2.20
2.15
$
$
$
Year Ended
December 31,
540,159
74,836
60,740
1,593
677,328
61,220
786
62,006
8.82
8.71
11.06
10.92
$
$
$
$
$
$
2021
725,694
5,836
6,362
(208,056)
529,836
62,464
1,254
63,718
11.62
11.39
8.48
8.32
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