Exhibit 99.2
Adjusted EBITDA
Reconciliation of Net income to
total Adjusted EBITDA
Last 12 Months Ended December 31, 2021
(amounts in thousands)
Net Income |
$ 32,287 |
Depreciation and Amortization |
6,627 |
Stock-based compensation |
491 |
Interest expense, net |
4,752 |
Income tax expense |
10,172 |
Gain on Bankruptcy Settlement |
(1,710) |
Gain on Payroll Protection loan forgiveness |
(6,150) |
Non-recurring cash expenses |
272 |
Adjusted EBITDA |
$ 46,741 |