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  "presentationDate": "2023-08-01 00:00:00",
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      "text": "(1) Represents expenses related to the Company's equity-based compensation programs and related employer payroll taxes, which may vary significantly from period to period depending upon various factors including the timing, number, and the valuation of awards granted, and vesting of\nawards including the satisfaction of performance conditions. For the three months ended June 30, 2023 and 2022, the amount includes $0.2 million and $0.1 million, respectively, of employer payroll costs associated with releases of RSUs and option exercises. For the six months ended June 30,\n2023 and 2022, the amount includes $0.2 million and $0.3 million, respectively, of employer payroll costs associated with releases of RSUs and option exercises.\n(2) Represents charitable expense recorded in connection with the donation of 56,938 shares of Class A common stock to charitable donor advised funds in June 2023 and 178,572 shares of Class A common stock in May 2022 to the Warby Parker Impact Foundation.\n(3) Represents (i) costs directly attributable to the preparation for our direct listing and (ii) expenses incurred in connection with the cash tender offer completed in June 2021.\n(4) Represents the amortization of costs capitalized in connection with the implementation of cloud-based software.\n(5) Represents internal and external non-capitalized costs related to the implementation of our new ERP system.\n(6) Represents employee severance and related costs for our restructuring plan that was executed in August 2022.",
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      "text": "Unaudited, in thousands\nNet income (loss)\nAdjusted to exclude the following:\nInterest and other income, net\nProvision for income taxes\nDepreciation and amortization expense\nAsset impairment charges\nStock-based compensation expense\nNon-cash charitable donation\nTransaction costs\nAmortization of cloud-based software implementation costs\nERP implementation costs\nRestructuring costs\nAdjusted EBITDA\nAdjusted EBITDA margin",
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