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  "documentTitle": "SmileDirectClub | Results Presentation Deck | 23 slides",
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  "authorName": "SmileDirectClub",
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  "presentationDate": "2020-08-01 00:00:00",
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  "notes": "The slide provides a bridge-like explanation of specific financial line items that reconcile or explain the reported figures.",
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      "text": "Net income",
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      "text": "Interest Expense: Interest expense was $10.1 million in the second quarter, associated with borrowings on indebtedness from our credit facility. Lease Abandonment and Impairment: We had a one-time non-cash charge of $25mm. This non-cash charge was mostly associated with the closure of our manufacturing facility in Kyle TX, the consolidation of several floors at our headquarters in Nashville, TN, and the impairment of right of use assets and leasehold improvements at shops that we closed in the quarter. We had $4mm in other store closure expenses mostly associated with short-term lease termination fees and other store closure expenses. Loss on extinguishment of debt: $13.8mm associated with the refinancing of our JPM facility. Other: Gains of $1.8mm, which is mostly associated with currency gains and losses.",
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