Silicon Valley Bank
higher incentives from outstanding performance caused expenses to exceed guidance expect expense growth excluding merger related charges in the low for low for a | Silicon Valley Bank
Company
Deck Type
Sector
Industry
Deck date
October 2021
Slide
35 of 58
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Results
January 2022
opportunistic investments and higher incentives from outstanding performance caused expenses to exceed guidance expect expense growth excluding merger related charges in the low | Silicon Valley Bank
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interest expense interest expense was million in the second quarter associated with borrowings on indebtedness from our credit facility lease abandonment and impairment we had a one time non cash charge of this non cash charge was mostly associated with the closure of our manufacturing facility in kyle the consolidation of several floors at our headquarters in and the impairment of right of use assets and leasehold improvements at shops that we closed in the quarter we had in other store closure expenses mostly associated with short term lease termination fees and other store closure expenses loss on extinguishment of debt associated with the refinancing of our facility other gains of which is mostly associated with currency gains and losses adjusted net income | SmileDirectClub
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