Adjusted EBITDA (1) (Unaudited)
For the Three Months Ended March 31,
(Amounts in thousands)
Reconciliation of Adjusted EBITDA to Net Income:
Net interest expense
Income tax expense
Depreciation and amortization
Stock-based compensation expense
(1) We define Adjusted EBITDA as earnings before interest, taxes, depreciation, amortization, and stock-based compensation expense. Adjusted EBITDA is a performance measure used by management that is not calculated in accordance with generally accepted accounting principles in the United States (GAAP). It should not be considered in isolation or as a substitute for net income, operating income or any other measure of financial performance calculated in accordance with GAAP.
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