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      "text": "(a) Includes true-ups, if required, to share-based compensation expense compared to prior periods. We have certain outstanding share-based awards with performance-based vesting conditions that require the achievement of certain Adjusted EBITDA and/or Net Sales targets as a condition of vesting. At each reporting period, we reassess the probability of achieving the performance criteria and the performance period required to meet those targets. When such performance conditions are deemed to be improbable of achievement, the compensation cost previously recorded is reversed.\n(b) Represents costs associated with the implementation of an ERP system.\n(c) Represents fees associated with the Capped Call Transactions.\n(d) Represents advisory fees related to activism engagement.",
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      "text": "Three Months Ended March 31, 2024 (Dollars in thousands) SG&A expenses $79,695, 2023 $72,271. Depreciation and amortization expense 5,070, 3,771. Non-cash share-based compensation (a) 3,600, 5,459. Loss on disposal of equipment 129, 268. Enterprise Resource Planning (b) —, 801. Capped Call Transactions fees (c) —, 113. Activism engagement (d) —, 389. Adjusted SG&A Expenses $70,896, $61,470. Adjusted SG&A Expenses as a % of Net Sales 31.7%, 36.7%.",
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      "text": "Freshpet, Inc. and Subsidiaries Reconciliation between SG&A Expenses and Adjusted SG&A Expenses",
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