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 |