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  "documentTitle": "Latham Pool Company | Results Presentation Deck | 15 slides",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "(a) Represents costs related to a cost reduction plan that includes severance and other costs for our executive management changes and additional costs related to our cost reduction plan announced in 2023, which includes further actions to reduce our manufacturing overhead by reducing\nheadcount in addition to facility shutdowns.\n(b) Represents non-cash stock-based compensation expense.\n(c) Represents unrealized foreign currency transaction losses associated with our international subsidiaries.\n(d) Represents fees paid to external consultants for our strategic initiatives.\n(e) Represents acquisition and integration costs primarily related to the acquisition of Radiant, the equity investment in Premier Pools & Spas, as well as other costs related to potential transactions.\n(f) Represents the loss on extinguishment of debt in connection with our debt refinancing on February 23, 2022.\n(g) Represents underwriting fees related to our offering of common stock that was completed in January 2022.\n(h) Represents costs incurred and insurance recoveries in excess of costs incurred for the period related to a production facility fire in Odessa, Texas.\n(i) Other costs consist of other discrete items as determined by management, primarily including (i) fees paid to external advisors for various matters, (ii) non-cash adjustments to record the step-up in the fair value of inventory related to the acquisition of Radiant, which was amortized through\ncost of sales in the condensed consolidated statements of operations, and (iii) other items.",
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      "text": "Fiscal Quarter Ended\nSept 30, 2023\nOct 1, 2022\nThree Fiscal Quarters Ended\nSept 30, 2023\nOct 1, 2022\n(in thousands)\nNet income (loss)\n$ 6,153\n$ 11,876\n$ (2,500)\n$ 13,339\nDepreciation and amortization\n10,500\n9,560\n29,784\n28,834\nInterest expense, net\n5,980\n4,264\n21,270\n9,193\nIncome tax expense\n6,686\n9,109\n8,642\n25,399\nLoss on sale and disposal of property and equipment\n118\n22\n131\n146\nRestructuring charges (a)\n1,818\n287\n2,615\n406\nStock-based compensation expense (b)\n2,354\n7,061\n14,887\n40,415\nUnrealized losses on foreign currency transactions (c)\n1,400\n1,103\n932\n2,817\nStrategic initiative costs (d)\n1,063\n532\n3,065\n3,019\nAcquisition and integration related costs (e)\n—\n—\n11\n257\nLoss on extinguishment of debt (f)\n—\n—\n—\n3,465\nUnderwriting fees related to offering of common stock (9)\n—\n—\n—\n11,437\nOdessa fire(h)\n11\n(1,523)\n(760)\n—\nOther(i)\n—\n(39)\n38\n140\nAdjusted EBITDA\n$ 36,083\n$ 42,252\n$ 78,115\n$ 138,867\nNet sales\n$ 160,778\n$ 189,398\n$ 475,625\n$ 587,812\nNet income (loss) margin\n3.8%\n6.3%\n(0.5)%\n2.3%\nAdjusted EBITDA margin\n22.4%\n22.3%\n16.4%\n23.6%",
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      "text": "Non-GAAP Reconciliations\nAdjusted EBITDA and Adjusted EBITDA Margin",
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      "evidence": "table/data: Fiscal Quarter Ended Sept 30, 2023 Oct 1, 2022 Three Fiscal Quarters Ended Sept 30, 2023 Oct 1, 2022 (in thousands) Net income (loss) $ 6,153 $ 11,876 $ (2,500) $ 13,339",
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