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Question 102.10 (c) (new): In the staff’s view, “the presentation of a non-GAAP income statement, alone or as part of the required non-GAAP reconciliation, [gives] undue prominence to non-GAAP ...
GAAP income before taxes for the three months ended March 31, 2023 was $23.9 million, and diluted earnings per share (“EPS”) was $0.18. Distributable earnings was $47.2 million, or $0.38 of ...