Company: GOLD
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0000950170-25-016909
Chunk: 353

Company: Gold.com, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Item 1
Chunk 353
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 %

    Adjusted net income before provision for income taxes (non-GAAP)
     
    $
    13,363

    $
    21,728

    $
    (8,365
    )

    (38.5
    %)

    Six Months Ended December 31,
     
    2024

    2023

    Change

    $

    $

    $

    %

    Net income before provision for income taxes
     
    $
    18,189

    $
    42,363

    $
    (24,174
    )

    (57.1
    %)

    Adjustments:

    Contingent consideration fair value adjustment

    (130
    )

    —

    $
    130

    —
    %

    Acquisition costs

    740

    541

    $
    199

    36.8
    %

    Amortization of acquired intangibles

    7,654

    4,330

    $
    3,324

    76.8
    %

    Depreciation expense

    1,694

    1,273

    $
    421

    33.1
    %

    Adjusted net income before provision for income taxes (non-GAAP)
     
    $
    28,147

    $
    48,507

    $
    (20,360
    )

    (42.0
    %)

Adjustments

Contingent consideration fair value adjustments. Upon our acquisition of LPM, we recognized a contingent consideration liability representing the amount we expect to pay in connection with the achievement of certain EBITDA targets. We remeasure this liability each reporting period, with the resulting changes recorded as other income and expense in the Company’s condensed consolidated statements of income. We exclude these fair value adjustments when we evaluate our core operating performance and to facilitate comparison of period-to-period operating performance. See Note 3 to the Company's condensed consolidated financial statements for additional information.

Acquisition costs. We incur expenses for professional services rendered in connection with business combinations, which are included as a component of selling, general, and administrative expenses in the Company’s condensed consolidated statements of income. Acquisition expenses are recorded in the periods in which the costs are incurred, and the services are received. We exclude acquisition expenses when we evaluate our core operating performance and to facilitate comparison of period-to-period operating performance.

Amortization of purchased int