Adjusted EBITDA

Adjusted EBITDA. Means earnings before interest, taxes, depreciation and amortization adjusted for non-cash compensation and extraordinary costs, including but not limited to transactional costs.

Adjusted EBITDA. Earnings (net income) Before Interest, Taxes, Depreciation, and Amortization (calculated as Net Income + Interest + Taxes + Depreciation + Amortization) adjusted for (removing) various one-time, irregular, and non-recurring items including, but not limited to the following: ·Business and asset acquisition cost not capitalized ·Unrealized gains or losses 9 ·Non-cash expenses (other than depreciation, amortization already considered in EBITDA) ·Litigation expenses ·Gains or... losses on foreign exchange ·Goodwill impairments ·Non-operating income ·Share-based compensation View More

Adjusted EBITDA. Net income or loss excluding depreciation and amortization, interest expense, interest income and income tax expense, and other additional exclusions and adjustments. Such additional excluded amounts include stock-based compensation, U.S. GAAP charges where the associated liability is expected to be settled in stock, and changes in the value of earn-out liabilities and income and expenditure in relation to legacy portions of the business (being those portions where trading no longer occurs)... including closed defined benefit pension schemes. Additional adjustments shall be made for items considered outside the normal course of business, including (1) restructuring costs, which include charges attributable to employee severance, management changes, restructuring and integration, (2) merger and acquisition costs, (3) impairment expense and (4) gains or losses not in the ordinary course of business. Notwithstanding the foregoing definition, the Compensation Committee may determine, in its sole discretion, to revise the definition of Adjusted EBITDA from time to time. View More

Adjusted EBITDA. Shall mean, with respect to the Company, for any Fiscal Year, determined in accordance with generally accepted accounting principles, (a) income from continuing operations; plus (b) income tax expense; plus (c) interest expense; minus (d) interest income; plus (e) depreciation expense; and plus (f) amortization expense. Adjusted EBITDA shall be calculated without regard to: (i) the effects of changes in accounting standards or principles and in tax rules or regulations; (ii) any ongoing and/or... one-time costs and/or expenses attributable to an acquisition, including those related to the negotiation, completion and/or integration of an acquisition, incurred during the Fiscal Year; (iii) any costs related to the purchase accounting step up in the basis of tangible or intangible assets not classified as depreciation or amortization; (iv) any ongoing and/or one-time costs and/or expenses associated with the sale or separation (or attempted sale or separation) of a business in the Fiscal Year; (v) the reported results of an acquisition completed in the Fiscal Year; (vi) any ongoing and/or one-time costs and/or expenses attributable to a financing transaction, including selling accounts receivable; (vii) any Pre-opening Costs; (viii) any litigation or claim judgments or settlements; and (ix) any significant or non-recurring items which are disclosed in management's discussion and analysis of financial condition and results of operations in the Company's Annual Report on Form 10-K for such period. Notwithstanding the foregoing, in the event that a business is sold or separated from the Company during the Fiscal Year, such business' Target and Adjusted actual results shall be eliminated from all calculations. In the event that the Company's earnings release with respect to any Fiscal Year is delayed beyond March 15 of the following year, Adjusted EBITDA for such Fiscal Year shall be determined in good faith by the Committee. In all events, any calculation of Adjusted EBITDA shall be done in a manner intended to satisfy the requirements of Section 162(m) of the Code. View More