Company: SVV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001883313-25-000066
Chunk: 137

Company: Savers Value Village, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 137
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-capitalizable expenses related to offering costs, debt transactions and acquisitions.

(5)Represents remeasurement (gains) losses on unsettled foreign currency transactions, realized and unrealized (gains) losses on cross currency swaps, and unrealized (gains) losses on forward contracts. Beginning in fiscal 2025, this line does not include realized (gains) losses on forward contracts. The impact of the change is inconsequential to prior periods, so we have not recast previous year amounts to reflect this change.

(6)Represents severance costs associated with executive leadership changes.

(7)The thirteen and twenty-six weeks ended June 28, 2025 include accelerated amortization and depreciation of $3.3 million due to a reduction of the estimated useful lives for certain acquisition-related intangible assets and store-related property and equipment. In addition, the thirteen and twenty-six weeks ended June 28, 2025 include a reduction to the fair value of acquisition-related contingent consideration of $0.9 million and $1.2 million, respectively. The thirteen and twenty-six weeks ended June 29, 2024 include insurance proceeds of $0.7 million.

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(8)Tax effect on adjustments is calculated utilizing the tax rate specifically applicable to the respective adjustments.

A reconciliation of GAAP net income to Adjusted EBITDA is presented in the table below:

Thirteen Weeks EndedTwenty-Six Weeks Ended(dollars in thousands)June 28, 2025June 29, 2024June 28, 2025June 29, 2024Net income$18,917 $9,712 $14,194 $9,245 Interest expense, net15,985 15,767 30,799 31,843 Income tax expense7,693 6,293 6,752 1,801 Depreciation and amortization20,904 17,380 40,262 35,681 Loss on extinguishment of debt (1)— — 2,718 4,088 Stock-based compensation expense (2)12,429 21,650 23,965 40,779 Lease intangible asset expense (3)852 904 1,685 1,781 Executive transition costs (4)— 610 — 610 Transaction costs (5)1,205 350 1,205 2,607 Foreign currency exchange rate impacts (6