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