AAC HOLDINGS, INC. | |||||||
SUPPLEMENTAL RECONCILIATION OF NON-GAAP DISCLOSURES | |||||||
Unaudited | |||||||
(Dollars in thousands, except share data) | |||||||
Reconciliation of Adjusted Net (Loss) Income Attributable to AAC Holdings, Inc. Common Stockholders to Net (Loss) Income Attributable to AAC Holdings, Inc. Common Stockholders | |||||||
Three Months Ended | |||||||
March 31, 2019 | March 31, 2018 | ||||||
Net (loss) income attributable to AAC Holdings, Inc. common stockholders | $ | (22,019) | $ | 1,056 | |||
Non-GAAP Adjustments: | |||||||
Litigation settlement, regulatory and California matter related expense | (988) | 3,202 | |||||
Acquisition-related expense | 28 | 429 | |||||
De novo start-up and other expense | — | 428 | |||||
Transaction costs | 1,517 | — | |||||
Recruitment and retention expense | 375 | — | |||||
Employee severance expense | 1,098 | 911 | |||||
Facility closure operating losses and expense | 647 | 792 | |||||
Income tax effect of non-GAAP adjustments | (4) | (2,399) | |||||
Adjusted net (loss) income attributable to AAC Holdings, Inc. common stockholders | $ | (19,346) | $ | 4,419 | |||
Weighted-average common shares outstanding - diluted | 24,495,163 | 23,781,604 | |||||
GAAP diluted (loss) income per common share | $ | (0.90) | $ | 0.04 | |||
Adjusted (loss) earnings per diluted common share | $ | (0.79) | $ | 0.19 | |||
Management defines adjusted net (loss) income attributable to AAC Holdings, Inc. common stockholders as net (loss) income attributable to AAC Holdings, Inc. common stockholders adjusted for litigation settlement, certain regulatory and California matter related expenses, acquisition-related expense (which includes professional services for accounting, legal, valuation services and licensing expenses), de novo start-up and other expenses, recruitment and retention expense, employee severance expense, facility closure operating losses and expense and the income tax effect of the non-GAAP adjustments at the then applicable effective tax rate. Adjusted diluted earnings per common share represents diluted earnings per common share calculated using adjusted net income attributable to AAC Holdings, Inc. common stockholders as opposed to net income attributable to AAC Holdings, Inc. common stockholders. |