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  "documentTitle": "Paycor | Investor Presentation Deck | 22 slides",
  "authorId": "paycor",
  "authorName": "Paycor",
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  "presentationDate": "2023-08-01 00:00:00",
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      "kind": "source-note",
      "text": "Note I: $ in millions. Amounts may not foot due to rounding.\nNote II: FY'19 actuals are the sum of the non-GAAP Successor Period (period from November 2, 2018 to June 30, 2019) and non-GAAP Predecessor Period (period from July 1, 2018 to November 1, 2018), and are reported in such a\nmanner throughout this presentation. $ in millions. Amounts may not foot due to rounding.",
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      "text": "Reconciliation of Adjusted Operating Expenses\nThree Months Ended June 30, 2023\nThree Months Ended June 30, 2022\nFiscal Year Ended June 30, 2023\nFiscal Year Ended June 30, 2022\nFiscal Year Ended June 30, 2021\nFiscal Year Ended June 30, 2020\nFiscal Year Ended June 30, 2019\nSales and Marketing Expense $56.5 ($1.1) ($8.0) $0.0 $0.0 $47.4 33.8%\nAmortization of intangible assets $42.7 $0.0 ($6.1) $0.0 $0.0 $36.6 32.9%\nStock-based compensation expense $212.1 ($3.9) ($32.4) $0.0 $0.0 $175.8 31.8%\nLiability incentive award compensation expense $170.6 $0.0 ($35.5) $0.0 ($0.1) $135.1 31.5%\nCorporate adjustments $106.1 $0.0 ($1.4) $0.1 ($1.1) $103.7 29.4%\nAdjusted Sales and Marketing Expense $100.0 $0.0 ($1.7) $0.0 ($2.5) $95.8 29.2%\n% of Revenue $87.1 $0.0 ($2.3) $0.0 $0.0 $84.9 29.1%\nGeneral and Administrative Expense $52.4 ($23.2) ($7.3) $0.0 ($0.1) ($1.0) $20.9 14.9%\nAmortization of intangible assets $45.1 ($21.1) ($5.5) $0.0 ($0.1) ($0.8) $17.6 15.9%\nStock-based compensation expense $203.9 ($89.0) ($27.1) $0.0 ($1.8) ($9.0) $77.0 13.9%\nLiability incentive award compensation expense $187.0 ($82.6) ($22.5) $0.0 ($9.1) ($4.6) $68.2 15.9%\nLoss on lease exit $145.5 ($79.5) ($2.2) $0.0 $0.0 ($6.5) $57.3 16.3%\nCorporate adjustments $137.1 ($78.0) ($1.9) ($3.1) $0.0 ($6.5) $47.7 14.5%\nAdjusted General and Administrative Expense $158.9 ($52.0) ($3.0) ($29.0) $0.0 ($30.8) $44.2 15.1%\n% of Revenue\nResearch and Development Expense $14.3 ($2.6) $0.0 $0.0 $11.8 8.4%\nStock-based compensation expense $13.0 ($3.0) $0.0 $0.0 $10.0 9.1%\nLiability incentive award compensation expense $54.3 ($9.6) $0.0 $0.0 $44.6 8.1%\nCorporate adjustments $43.1 ($6.8) $0.0 $0.0 $36.4 8.5%\nAdjusted Research and Development Expense $36.0 ($0.1) $0.0 ($0.1) $35.9 10.2%\n% of Revenue $45.9 ($0.8) $0.0 ($1.5) $43.6 13.3%\n$41.1 ($1.0) $0.0 ($0.4) $39.7 13.6%",
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      "text": "GAAP to Non-GAAP Reconciliation (cont'd)",
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