See the Forest and the Trees
Non-GAAP Financial Information
$ in thousands, except per share information
Technology segment net sales
Costs incurred related to sales of third-party maintenance,
software assurance and subscirption/SaaS licenses, and services
Adjusted gross billings
Net earnings
Provision for income taxes
Depreciation and amortization [1]
Share based compensation
Interest and financing costs [2]
Other (income) expense [3]
Adjusted EBITDA
Adjusted EBITDA margin
Three Months Ended June 30,
2022
2021
$
448,785
$
400,358
253,158
232,649
$
701,943
$
633,007
$
22,339
$
23,518
8,691
9,057
3,210
3,926
1,773
1,735
138.
159
2,153
(123)
$
38,304
S
38,272
8.4%
9.2%
GAAP: Earnings before tax
Share based compensation
Acquisition related amortization expense [4]
Other (income) expense [3]
Non-GAAP: Earnings before provision for income taxes
GAAP: Provision for income taxes
Share based compensation
Acquisition related amortization expense [4]
Other (income) expense [3]
$
31,030
S
32,575
1,773
1,735
2,183
2,696
2,153
(123)
37,139
36,883
8,691
9,057
508
496
617
757
616
(35)
Tax benefit (expense) on restricted stock
Non-GAAP: Provision for income taxes
Non-GAAP: Net earnings
GAAP: Net earnings per common share - diluted
Share based compensation
Acquisition related amortization expense [4]
Other (income) expense [3]
Tax benefit (expense) on restricted stock
Total non-GAAP adjustments - net of tax
Non-GAAP: Net earnings per common share - diluted [5]
[1] Amount excludes depreciation related to the financing segment.
[2] Amount excludes interest on notes payable from our financing segment.
194
255
10,626
10,530
$
26,513
26,353
$
0.84
$
0.87
0.04
0.05
0.06
0.07
0.06
-
(0.01)
(0.01)
$
0.15
0.11
$
0.99
S
0.98
[4] Amount consists of amortization of intangible assets from acquired businesses.
[5] Per share information has been reroactively adjusted reflect the two-for-one stock split on December 13, 2021.
[3] Other income, interest income, and foreign currency transaction gains and losses.
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