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      "text": "e) Represents a true-up to transition costs related to the organization changes designed to support growth, including several changes in organizational structure designed to enhance capabilities and support long-term growth objectives.",
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      "text": "d) Represents advisory fees related to shareholder activism defense engagement.",
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      "text": "b) Represents costs associated with the implementation of an ERP system.",
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      "text": "c) Represents fees associated with the Capped Call Transactions associated with our sale of Convertible Notes in 2023.",
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      "text": "a) Includes true-ups 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 the probability of achieving such performance conditions changes, the compensation cost previously recorded is adjusted as needed. When such performance conditions are deemed to be improbable of achievement, the compensation cost previously recorded is reversed.",
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      "text": "Net income (loss)\nDepreciation and amortization\nInterest expense, net of interest income\nIncome tax expense\nEBITDA\nGain on equity investment\nLoss on disposal of property, plant and equipment\nNon-cash share-based compensation (a)\nLoss on equity method investment\nEnterprise Resource Planning (b)\nCapped Call Transactions fees (c)\nShareholder activism defense engagement (d)\nOrganization changes (e)\nAdjusted EBITDA\nAdjusted EBITDA as a % of Net Sales",
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      "text": "Freshpet, Inc. and Subsidiaries Reconciliation between Net Income (loss) and Adjusted EBITDA",
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