Crocs Investor Presentation Deck
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)
Non-GAAP other income adjustment (3)
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,
2021
2020
153,489 $
2,031
1,048
156,568 $
62,033
1,291
63,324
2.47 $
2.42
$
2.52
2.47 $
(in thousands, except per share data)
61,889 $
1,016
2,263
(649)
64,519 $
67,473
912
68,385
0.92 $
0.91 $
Nine Months Ended September 30,
2021
2020
0.96 $
0.94 $
570,841 $
4,131
(174,541)
400,431 $
63,695
1,242
64,937
8.96 $
8.79 $
6.29 $
6.17 $
(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.
(3) Represents a prior year fair value adjustment associated with our donations of inventory.
crocs™
129,531
5,151
20,886
(919)
(6,109)
148,540
67,606
1,002
68,608
1.92
1.89
2.20
2.17
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