Company: SVV
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001883313-25-000026
Chunk: 78

Company: Savers Value Village, Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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IPO-related stock-based compensation expense (1)(3)8,87917,993Transaction costs (1)(4)—2,257Foreign currency exchange rate impacts (1)(5)(486)956Other adjustments (1)(6)(327)2Tax effect on adjustments (7)(2,664)(6,122)Excess tax shortfall (benefit) from stock-based compensation218(3,028)Adjusted net income$3,615$15,679Net loss per share, diluted (8):Net loss per share, diluted$(0.03)$(0.00)Loss on extinguishment of debt (1)(2)0.020.02IPO-related stock-based compensation expense (1)(3)0.050.11Transaction costs (1)(4)—0.01Foreign currency exchange rate impacts (1)(5)—0.01Other adjustments (1)(6)——Tax effect on adjustments (7)(0.02)(0.04)Excess tax shortfall (benefit) from stock-based compensation—(0.02)Adjusted net income per diluted share$0.02$0.09

(1)Presented pre-tax.

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

(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)Transaction costs are comprised of non-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)Other adjustments for the thirteen weeks ended March 29, 2025 includes a change in the fair value of acquisition-related contingent consideration.

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

(8)For