Q3 2022 Investor Presentation
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APPENDIX
NON-GAAP RECONCILIATION (CONT'D)
Non-GAAP selling, general and administrative expenses and selling, general and administrative
expenses as a percent of revenues reconciliation:
GAAP revenues
GAAP selling, general and administrative expenses
HEYDUDE acquisition-related costs (1)
Impact of shutdown of Russia direct operations (2)
Other (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
$
Three Months Ended September 30,
2022
2021
985,094
277,239
(6,863)
40
(2,300)
(9,123)
268,116 $
28.1 %
27.2%
(in thousands)
625,919
196,728
196,728
Nine Months Ended September 30,
2022
2021
31.4%
31.4%
2,609,823
733,255
(33,205)
(5,797)
(3,502)
(42,504)
690,751 $
28.1 %
26.5 %
(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) Primarily 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.
1,726,790
525, 120
525, 120
30.4 %
30.4 %
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