8-K
SMART GLOBAL HOLDINGS, INC. filed this Form 8-K on 01/08/2019
Entire Document
 

SMART Global Holdings, Inc.

and Subsidiaries

Reconciliation of GAAP Net Income to Adjusted EBITDA

(In thousands)

 

  

 

Three Months Ended

 

 

 

November 30, 2018

 

 

August 31,

2018

 

 

November 24, 2017

 

GAAP net income

 

$

30,976

 

 

$

29,718

 

 

$

21,005

 

Share-based compensation expense

 

 

4,055

 

 

 

3,958

 

 

 

1,605

 

Amortization of intangible assets

 

 

977

 

 

 

2,403

 

 

 

1,268

 

Interest expense, net

 

 

5,875

 

 

 

6,217

 

 

 

4,599

 

Provision for income tax

 

 

7,619

 

 

 

3,059

 

 

 

3,149

 

Depreciation

 

 

5,431

 

 

 

5,124

 

 

 

5,002

 

S-1 related costs

 

 

 

 

 

 

 

 

300

 

Legal fees - term loan (payment holiday)

 

 

126

 

 

 

 

 

 

 

Purchase accounting adjustment(1)

 

 

 

 

 

631

 

 

 

 

Acquisition-related expenses(1)

 

 

1,423

 

 

 

2,844

 

 

 

 

Contingent consideration fair value adjustment(1)

 

 

 

 

 

(3,000

)

 

 

 

Adjusted EBITDA

 

$

56,482

 

 

$

50,954

 

 

$

36,928

 

 

 

(1)

Amounts in Q119 and FY18 are related to acquisition of Penguin Computing in June 2018.