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  "authorName": "Warby Parker",
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  "presentationDate": "2024-02-01 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, vesting of awards including the satisfaction of performance conditions, and the impact of repurchases of awards from employees. Included in stock-based compensation expense for both the three and twelve months ended December 31, 2023 is $2.2 million of liability based awards resulting from accrued bonuses that will be settled in equity in the first quarter of 2024. For the three and twelve months ended December 31, 2023, the amount includes $0.1 million and $0.6 million of employer payroll costs, respectively, associated with releases of RSUs and option exercises. For the three and twelve months ended December 31, 2022, the amount includes $0.2 million and $0.6 million of employer payroll costs, respectively, 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 both August 2023 and May 2022 to the Warby Parker Impact Foundation, and a donation of 34,528 shares of Class A common stock to third-party charitable donor advised funds in November 2022.\n(3) Represents the amortization of costs capitalized in connection with the implementation of cloud-based software.\n(4) Represents internal and external non-capitalized costs related to the implementation of our new Enterprise Resource Planning (\"ERP\") system.\n(5) Represents employee severance and related costs for our restructuring plan that was executed in August 2022 and other non-recurring costs.",
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      "text": "All numbers in thousands, unaudited\nNet 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 (1)\nNon-cash charitable donation (2)\nAmortization of cloud-based software implementation costs (3)\nERP implementation costs (4)\nRestructuring and other costs (5)\nAdjusted EBITDA\nAdjusted EBITDA margin",
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      "text": "RECONCILIATION OF ADJUSTED EBITDA TO NET INCOME",
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