Thank you, hi Stephen, everybody. and
there's than our about excessive first as in going prior will a given to only better much its costs. months mentioned, container our part Stephen jump as which prior As was reflecting I'm so quarter, margin, number this we much as hoped year, terrible be was say into bit these seasonality. light to so year
QX in said, point lot the benefit however we that here, although smallest the our about XXX year margin trying issue, moving down we always points a royalty around container and pieces so our is to in With the is to another I'd tempting. back which there's of basis results to quarter, extrapolate basis the basis balance break challenging, expense on say in product quarter gave XXX margin. then had XXX points of
we is was no to product often had royalty cycle. the rest seasonal outdoor its had and And we blowing full product This life out Last bit the along a year lower slower a price. moving in compared year of further the or at closing more bit through new down, of business which inventory portfolio.
comps why look gross quarters, to relates are dollars reasons As still forward, higher have most expansion we expensed, you behind now we and see the us volume so to two improve, but move it the as shrinks. we percentage the horrific hope into freight margin margins
play Beyond move XXXX maybe higher year XX.X%, that, expense can we quarterization do wouldn't was and how that little in product will expect to we well out. the but depend around. year, this Full better, how much about a royalty margins more be
of with a how with retail aggressively out freight modestly we're So inclusive product you're our it line, and at margin the inventory. left through is story, managing how selling own clean fighting the product improving
warehousing direct which higher Moving situation selling was year-over-year, last excess quarter. discussed down up and the the we P&L, we cleaning saw spending
U.S., to in overflow through Again, working the smaller Europe. tends quarter, of out issues space in are still out. in We the but a some everything stick
first in the weeks. as Nuremberg traffic past industry. We're in happened for Santa European And Toy time to higher return QX, expenses fall seeing for we're return specifically and in in are York planning Monica, to Fair lot some the more also seeing show several The certainly September, the year-over-year early as in people shows show October. late currently trade a the a thresholds New
with G&A back, Business travel our JAKKS. at roughly at is expectations. were expenses line least in
an One stock compensation of in drivers unfavorable was expense. the more increase
Going we've to senior utilizing made point of and a retain staff. reward back stock to restricted mechanism mid-XXXX, as a
several to Given players competitive space, other pull lever which that a felt. our left larger pre-restructuring, able us in we wasn't the to were a challenges compared disadvantage company's at for we years,
happy internally. how long-term well be we're So as narrative with as again, aligns incentives the have that part to of it
zero perspective, to starts $X building But horizon. a over a bit a from XXXX, time three-year up be expense given one in in XXXX. $X a over close large closer for calendar employees, expect vesting we'd of with number to to base million a was In P&L year and total, that it million
discounts last our not accelerated an costs unfavorability million Interest write-off expense and adjustment EPS, which reporting, accelerated was of pay-down. that per attributable non-GAAP of our share is we debt or compared $X year. $X.X long-term make debt million quarter in $XXX,XXX was financing to in in to deferred the $X.XX
reporting. last the during for discussed as something fees, adjust EPS which prepayment was out non-GAAP we $XXX,XXX Another call, is
with optimize our with This occasionally banking-related early further payment account which working as well some associated also as and absorbs expenses. capital, we discounts, some to key fees expenses customers utilize
term but Our lower, for have things other throughout given up case the still here. lower is year balance, interest the expenses it's principal certainly loan that we the showing
loan rate above currently XX%. Our is variable term
and Now, Avid of payable for earnings areas during couple valuation related some The nonetheless XX-K filing filed than up the in We on call, taxes taking allowance. was ago. have but are thoughtful differences weeks deferred taxes. encourage to to a the a topic. balance delayed, last compared details financial what and you we that readers quick our the longer the reference tax review more shared word XXX about the tables asset in our narration anticipated. primarily our aware ended situation the XX-K do tax our in I'd of
with tax something of provisions tax but global spend you energy of given time is we aspire jurisdictions. doing say, forms know, makes continue many As and we to assessing an to separately, ever-present one there topic to journey we're Suffice quarterly our various all an what structure, in do of thoughtfully business returns ultimately, files as as taxes expenditure. ongoing and and are
out of marking-to-market of adjusted our now non-GAAP gain that PIK preferred adjusted on are of cumulative of $XX $X.X Elsewhere, our and a liability backed We non-cash EBITDA of resulted of underlying million. top calculations accrued dividends The par the million gain the stock $XXX,XXX. value EPS. in
our adjusted EBITDA million aggregate, year. a In positive is versus $X.X quarter a negative last $X.X for the million
this now net adjusted Our X.X% is at million time $XX.X X.X% $XX.X was and in million which of sales XXXX. net trailing or sales, EBITDA XX-month of
sheet, per level $XX.X share, had worse of loan credit Now, EPS $X.XX payoff current on debt discounts our per as no net XXXX was $X.XX a was of line. million. and Adjusted share our March of $X.XX term than $XX.X quarter the loss per million. is share. loss of draw QX, our the for XX, amortization of balance in the debt, checking on The We
will And with to Stephen back that, I now the some call over commentary. additional hand for
