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 (¹)
Non-GAAP selling, general and administrative expenses adjustments (2)
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 March 31,
2023
2022
(in thousands, except per share data)
149,543 $
3,281
8,832
1,751
163,407
61,836
793
62,629
2.42
2.39
2.64 $
2.61 $
72,760
30,918
25,868
(4,515
125,031
59,823
1,073
60,896
1.22
1.19
2.09
2.05
$
(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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