ARC Document Solutions, Inc.
Non-GAAP Measures
Reconciliation of net income attributable to ARC Document Solutions, Inc. to EBITDA and Adjusted EBITDA
(In thousands)
(Unaudited)

 Three Months Ended

March 31,

2018

2017

Net income attributable to ARC Document Solutions, Inc.

$

628

$

1,784

Interest expense, net

1,442

1,555

Income tax provision

39

1,226

Depreciation and amortization

8,137

8,254

EBITDA

10,246

12,819

Loss on extinguishment and modification of debt

—

66

Stock-based compensation

653

737

Adjusted EBITDA

$

10,899

$

13,622

See Non-GAAP Financial Measures discussion below.

ARC Document Solutions, Inc.
Non-GAAP Measures
Reconciliation of net income attributable to ARC to unaudited adjusted net income attributable to ARC
(In thousands, except per share data)
(Unaudited)

 Three Months Ended

March 31,

2018

2017

Net income attributable to ARC Document Solutions, Inc.

$

628

$

1,784

Loss on extinguishment and modification of debt

—

66

Income tax benefit related to above items

—

(26)

Deferred tax valuation allowance and other discrete tax items

(149)

28

Adjusted net income attributable to ARC Document Solutions, Inc.

$

479

$

1,852

Actual:

Earnings per share attributable to ARC Document Solutions, Inc. shareholders:

Basic

$

0.01

$

0.04

Diluted

$

0.01

$

0.04

Weighted average common shares outstanding:

Basic

44,741

45,639

Diluted

44,855

46,382

Adjusted:

Earnings per share attributable to ARC Document Solutions, Inc. shareholders:

Basic

$

0.01

$

0.04

Diluted

$

0.01

$

0.04

Weighted average common shares outstanding:

Basic

44,741

45,639

Diluted

44,855

46,382

See Non-GAAP Financial Measures discussion below.