Quarterly Adjusted EBITDA Reconciliation 23 (in thousands) Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Net income (loss) $ 187 $ (611) $ 353 $ (65) $ 1,537 $ 1,216 $ 358 $ (195) $ 816 $ 26,918 $ 919 $ (4,079) $ 735 $ (485) Depreciation 1,549 1,484 1,539 1,570 1,544 1,556 1,611 1,640 1,633 1,637 1,620 1,507 1,504 1,489 Amortization of intangibles 107 107 107 110 112 113 111 113 112 112 47 48 47 47 Interest expense, net 373 272 273 300 346 242 287 344 376 466 398 407 431 421 Taxes 158 (69) (22) 21 33 113 (2) 13 27 (25,859) 28 4,264 442 544 EBITDA $ 2,374 $ 1,183 $ 2,250 $ 1,936 $ 3,572 $ 3,240 $ 2,365 $ 1,915 $ 2,964 $ 3,274 $ 3,012 $ 2,147 $ 3,159 $ 2,016 Stock comp expense 477 574 587 659 772 785 764 611 1,064 544 565 643 976 161 Customs Costs - - - - - - - - - - - - 131 609 Adjusted EBITDA 2,851 1,757 2,837 2,595 4,344 4,025 3,129 2,526 4,028 3,818 3,577 2,790 4,266 2,786Non-GAAP financial measure Adjusted EBITDA consists of net income before interest expense, net; income tax provision; depreciation and amortization expense; amortization of intangible assets; restructuring costs; share-based compensation expense; and costs associated with our customs issue.
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