Crocs Results Presentation Deck
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APPENDIX
NON-GAAP RECONCILIATION (CONT'D)
Non-GAAP Selling, General and Administrative Expenses Reconciliation:
Three Months Ended June 30,
2022
2021
GAAP revenues
GAAP selling, general and administrative expenses
HEYDUDE acquisition-related costs (1)
Impact of shutdown of Russia direct operations (2)
Duplicate headquarters rent (3)
Total adjustments
Non-GAAP selling, general and administrative expenses (4)
GAAP selling, general and administrative expenses as a percent of revenues
Non-GAAP selling, general and administrative expenses as a percent of revenues
SA
$
964,581 $
249,769
(5,741)
(570)
(1,202)
(7,513)
242,256 $
25.9 %
25.1 %
(in thousands)
640,773
199,859
199,859
31.2 %
31.2 %
$
Six Months Ended June 30,
2022
2021
1,624,729
456,016
(26,342)
(5,837)
(1,202)
(33,381)
422,635
(1) Represents costs related to the acquisition and integration of HEYDUDE, including legal, professional, consulting, and transaction fees.
(2) Represents various costs associated with the continued shutdown of our direct operations in Russia, including severance and lease exit costs and penalties.
(3) Represents duplicate rent costs associated with our upcoming move to a new headquarters.
(4) Non-GAAP selling, general and administrative expenses are presented gross of tax.
28.1 %
26.0 %
$
$
1,100,871
328,392
328,392
29.8%
29.8 %
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