Company: SVV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001883313-25-000066
Chunk: 56

Company: Savers Value Village, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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2,7184,088IPO-related stock-based compensation expense (1)(3)8,87019,73217,74937,725Transaction costs (1)(4)1,2053501,2052,607Foreign currency exchange rate impacts (1)(5)(8,513)940(8,999)1,896Executive transition costs (1)(6)—610—610Other adjustments (1)(7)2,580(713)2,253(711)Tax effect on adjustments (8)(555)(4,192)(3,219)(10,314)Excess tax shortfall (benefit) from stock-based compensation248262466(2,766)Adjusted net income$22,752$26,701$26,367$42,380Adjusted net income per share - diluted:Net income per share, diluted$0.12$0.06$0.09$0.06Loss on extinguishment of debt (1)(2)——0.020.02IPO-related stock-based compensation expense (1)(3)0.050.120.110.22Transaction costs (1)(4)0.01—0.010.02Foreign currency exchange rate impacts (1)(5)(0.05)0.01(0.06)0.01Executive transition costs (1)(6)————Other adjustments (1)(7)0.02—0.01—Tax effect on adjustments (8)—(0.02)(0.02)(0.06)Excess tax shortfall (benefit) from stock-based compensation———(0.02)Adjusted net income per diluted share*$0.14$0.16$0.16$0.25

*May not foot due to rounding

(1)Presented pre-tax.

(2)Removes the effects of the loss on extinguishment of debt in relation to the partial redemption of our Senior Secured Notes on February 6, 2025 and March 4, 2024, and the repricing of outstanding borrowings under the Term Loan Facility on January 30, 2024.

(3)Represents stock-based compensation expense for performance-based options triggered by the completion of our IPO and expense related to restricted stock units issued in connection with the Company’s IPO. 

(4)Comprised of non-capitalizable expenses related to offering costs, debt transactions and acquisitions.

(5)Represents remeasurement (gains) losses on unsettled foreign