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 (4)
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
crocs™
Three Months Ended December 31,
2021
2020
LALA
ᏌᏊ
$
154,853
1,705
6,362
(33,515)
129,405
58,847
1,291
60,138
2.63
2.57
2.20
2.15
2021
(in thousands, except per share data)
$
$
$
183,330
1,550
20,850
(133,732)
71,998
66,729
1,325
68,054
2.75
2.69
1.08
1.06
$
Year Ended
December 31,
$
$
725,694
5,836
6,362
(208,056)
529,836
62,464
1,254
63,718
11.62
11.39
8.48
8.32
$
$
A
$
$
2020
312,861
6,701
41,736
(919)
(139,841)
220,538
67,386
1,158
68,544
4.64
4.56
3.27
3.22
* For a reconciliation of Q4 2019 non-GAAP diluted EPS to the most comparable GAAP measure, please refer to the fourth quarter and full year 2019 press release linked here
(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) Represents a prior year fair value adjustment associated with our donations of inventory.
(4) See 'Non-GAAP income tax expense (benefit) and effective tax rate reconciliation' above for more information.
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