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In addition, we update our estimate of the forfeiture rate that will be applied to awards not yet vested. | We adjust the stock-based compensation expense to reflect those awards that ultimately vested and update our estimate of the forfeiture rate that will be applied to awards not yet vested. | 1 |
The excess of the purchase price over the fair value of the acquired net assets represents cost and revenue synergies specific to us as well as non-capitalizable intangible assets, such as the employee workforce acquired. | The excess of the purchase price over the fair value of the acquired net assets represents cost and revenue synergies specific to us, as well as non-capitalizable intangible assets, such as the employee workforce acquired, and has been allocated to goodwill, none of which is tax deductible. | 1 |
Days in accounts payable for the three months ended October 3, 2015 was consistent compared to the three months ended September 27, 2014 . | Days in accounts receivable for the three months ended October 1, 2016 increased five days compared to the three months ended October 3, 2015 . | 0 |
We amortize cost basis adjustments, including premiums and discounts on mortgage loans and securities, as a yield adjustment over the contractual life of the loan or security as a component of net interest income. | Amortization income refers to income resulting from the amortization of cost basis adjustments, including premiums and discounts on mortgage loans and securities, as a yield adjustment over the contractual life of the loan or security. | 1 |
Ceded benefits and settlement expenses were $776.5 million for the year ended December 31, 2016. | Benefits and settlement expenses Benefits and settlement expenses increased $20.2 million, or 19.3%, for the year ended December 31, 2017, as compared to the year ended December 31, 2016. | 0 |
These results also include income from discontinued operations of $624,000, or $0.03 per diluted share, in 2012 primarily related to the sale of land associated with previously sold operations and $451,000, or $0.02 per diluted share, in 2011 relating to obligations associated with previously sold operations. | Income from discontinued operations of $ 1.1 million primarily related to the sale of land associated with previously sold operations Marketing Events U.S. | 0 |
The decrease in amortization of intangibles was primarily related to lower amortization expense at Dating due to certain intangible assets becoming fully amortized, and the inclusion in the prior year of a $3.4 million impairment charge associated with an indefinite-lived intangible asset related to the CityGrid restructuring, partially offset by amortization of intangibles related to recent acquisitions. | The operating income decline was due to the decrease in Adjusted EBITDA, an $88.0 million impairment charge related to certain indefinite-lived intangible assets at Publishing, an increase of $45.8 million in stock-based compensation ($29.2 million at Match Group and $15.8 million at Corporate) and a $14.1 million goodwill impairment charge at Other. | 0 |
As a result, we expect our actual cash receipts relating to these outstanding repurchase requests to be significantly lower than this amount. | As a result, we expect our actual cash receipts relating to these outstanding repurchase requests to be significantly lower than the unpaid principal balance of the loan. | 1 |
The decrease in amortization of intangibles was primarily related to lower amortization expense at Dating due to certain intangible assets becoming fully amortized, and the inclusion in the prior year of a $3.4 million impairment charge associated with an indefinite-lived intangible asset related to the CityGrid restructuring, partially offset by amortization of intangibles related to recent acquisitions. | The operating income decline was due to the decrease in Adjusted EBITDA, an $88.0 million impairment charge related to certain indefinite-lived intangible assets at Publishing, an increase of $45.8 million in stock-based compensation ($29.2 million at Match Group and $15.8 million at Corporate) and a $14.1 million goodwill impairment charge at Other. | 0 |
Circulation expenses rose $10.1 million in fiscal 2014. | No such sales occurred in fiscal 2014. | 0 |
These results also include income from discontinued operations of $624,000, or $0.03 per diluted share, in 2012 primarily related to the sale of land associated with previously sold operations and $451,000, or $0.02 per diluted share, in 2011 relating to obligations associated with previously sold operations. | Income from discontinued operations of $ 1.1 million primarily related to the sale of land associated with previously sold operations Marketing Events U.S. | 0 |
The shares of common stock purchased under the share repurchase authorization are being retired. | During the twelve months ended December 31, 2015 , the Company repurchased 1.7 million shares of common stock. | 0 |
Our Galvanizing Segment, which consisted of forty-one hot dip galvanizing facilities as of February 28, 2017, generated net sales of $375.5 million , a 6.7% decrease from the prior year s net sales of $402.4 million . | Our Metal Coatings Segment, which consisted of forty-one metal coating facilities as of February 28, 2017, generated net sales of $375.5 million, a 6.7% decrease from the prior year s net sales of $402.4 million. | 1 |
Under the Third Forbearance Agreement, the Bank has agreed to forbear from exercising certain of its rights and remedies arising as a result of the Company s non-compliance with certain financial covenants under the Loan Agreement commencing retroactively on April 1, 2014 and extending until no later than July 31, 2014. | Under each Forbearance Agreement, the Bank agreed to extend the forbearance period and to forbear from exercising certain of its rights and remedies arising as a result of the Company s non-compliance with certain financial covenants under the Loan Agreement. | 1 |
The decrease is attributable to a change in the mix of the Company s business operations resulting from the acquisition of Con-way and the cost savings measures being implemented as part of the integration of acquired businesses. | The decrease is attributable to a reduction in acquisition-related costs, a change in the mix of the Company s business operations resulting from the acquisition of Con-way, and the cost saving measures being implemented as part of the integration of acquired businesses, particularly in our LTL service offering. | 1 |
The table below presents the percentage within a range by which the fair value exceeded the carrying value of our radio broadcasting licenses as of December 31, 2016 for 24 units of accounting (24 geographical markets) where the carrying value of the licenses is considered material to our financial statements. | The table below, which includes the Charlotte market and excludes the Merger markets and the two markets acquired as part of an exchange of radio stations, presents the percentage within a range by which the fair value exceeded the carrying value of our radio broadcasting licenses as of December 31, 2017 for 25 units of accounting (25 geographical markets) where the carrying value of the licenses is considered material to our financial statements. | 1 |
We estimated the fair value of the rigs and other assets based on the estimate market value from third-party assessments (Level 3 fair value measurement). | During the second quarter, we recorded an additional write-down on the remaining drilling rigs and other equipment of approximately $8.3 million pre-tax based on the estimated market value from similar auctions. | 0 |
The consolidation of Post Woods' operations resulted in the recognition by the Company of net operating income of $747,000 and $344,000 on net revenue of approximately $1.49 million and $1.36 million in 2011 and 2010 respectively. | The consolidation of Willow Bend's operations resulted in recognition by the Company of net operating income of approximately $336,000 and $351,000 on net revenue of approximately $832,000 and $788,000 in 2012 and 2011 , respectively. | 0 |
We continue to achieve savings in many areas of non-interest expense resulting in a reduction in non-interest expense of $807 thousand from $18.4 million during the twelve months ended December 31, 2012 to $17.6 million during 2013. | Non-interest expense declined by $807 thousand from $18.4 million during the twelve months ended December 31, 2012 to $17.6 million during 2013. | 1 |
The consolidation of Post Woods' operations resulted in the recognition by the Company of net operating income of $747,000 and $344,000 on net revenue of approximately $1.49 million and $1.36 million in 2011 and 2010 respectively. | The consolidation of Willow Bend's operations resulted in recognition by the Company of net operating income of approximately $336,000 and $351,000 on net revenue of approximately $832,000 and $788,000 in 2012 and 2011 , respectively. | 0 |
2012 Comparison to 2011 Natural gas revenues decreased primarily due to the purchased natural gas adjustment clause recovery, which is offset in operating expense. | 2014 Comparison to 2013 Natural gas revenues increased primarily due to the purchased natural gas adjustment clause recovery, which is offset in operating expense. | 1 |
Product gross profit margin decrease d from 32% in 2013 to 30% in 2014 . | Product gross profit margin decrease d from 30% in 2014 to 29% in 2015 . | 0 |
Excluding the impact of merger-related costs, NSTAR Electric s earnings increased $67.4 million in 2013, as compared to 2012, due primarily to lower overall operations and maintenance costs and higher retail electric sales due primarily to colder weather in the first and fourth quarters in 2013. | NSTAR Electric's earnings increased in 2014, as compared to 2013, due primarily to lower operations and maintenance costs primarily attributable to lower employee-related costs and higher transmission earnings, partially offset by higher interest expense, higher depreciation expense, higher property tax expense and the after-tax reserve recorded for the 2014 FERC ROE orders as compared to the reserve recorded in 2013 for the FERC ALJ initial decision in the FERC base ROE complaints. | 0 |
We have classified private-label mortgage-related securities held in our investment portfolio as subprime if the securities were labeled as such when issued. | We have classified private-label mortgage-related securities held in our investment portfolio as Alt-A if the securities were labeled as such when issued. | 1 |
During 2013, we controlled the growth of our balance sheet and shifted the mix of funding to lower cost sources (non-interest bearing transaction accounts, interest-bearing transaction accounts, money-market accounts and savings deposits). | We continued to shift the mix of funding to lower cost sources (non-interest bearing transaction accounts, interest-bearing transaction accounts, money-market accounts and savings deposits). | 1 |
The Company anticipates that the program will result in an annual reduction in fixed costs of approximately $10 million, split approximately 35% in manufacturing and 65% in selling, general, and administrative expenses. | We will realize an annual reduction in fixed costs of approximately $10 million, split approximately 35% in manufacturing and 65% in selling, general, and administrative expenses. | 1 |
levels are also impacted by the timing of new product launches.The Company s inventories decreased $56.3 million to $ 207.2 million as of December 31, 2014 compared to $ 263.5 million as of December 31, 2013 . | Inventory levels start to decline toward the end of the second quarter and are at their lowest during the third quarter.Inventory levels are also impacted by the timing of new product launches.The Company s inventories increased slightly by $1.7 million to $ 208.9 million as of December 31, 2015 from $ 207.2 million as of December 31, 2014 . | 1 |
The principal elements impacting our interest income are our average agency MBS portfolio size and the yield on our investments. | The principal elements impacting our interest income are the size of our average investment portfolio and the yield on our investments. | 1 |
In the Appalachian region, we completed the northern expansion of the Pittsburgh Mills gathering system into Butler County, Pennsylvania. | I n the Appalachian region, at our Pittsburgh Mills gathering system, we continue to connect new well pads to this system. | 0 |
excluded a special item charge of $1,381 , related to a change in Venezuelan labor law, which provides for increased employee severance obligations.In 2011 , EBIT, as adjusted, for the Europe Welding and Asia Pacific Welding segments excluded special items net charges of $188 and $93 , respectively, primarily related to employee severance and other costs associated with the consolidation of manufacturing operations. | In 2012 , EBIT, as adjusted, for the North America Welding, Europe Welding and Asia Pacific Welding segments excluded special item charges of $827 , $3,534 and $4,993 , respectively, primarily related to employee severance and other costs associated with the consolidation of manufacturing operations.The South America Welding segment EBIT, as adjusted, excluded a special item charge of $1,381 , related to a change in Venezuelan labor law, which provides for increased employee severance obligations. In 2011 , EBIT, as adjusted, for the Europe Welding and Asia Pacific Welding segments excluded special item net charges of $188 and $93 , respectively, primarily related to employee severance and other cost associated with the consolidation of manufacturing operations. | 1 |
Changes in the level of investment activities from period to period reflect our strategy as it relates to acquisitions, dispositions, development, redevelopment, and capital expenditures. | The change in investing activities was due to changes in the level of investment activities, which reflect our strategy as it relates to our investments in unconsolidated joint ventures and partnerships, acquisitions, dispositions, capital expenditures, and development activities, all of which are discussed in further detail throughout this Report. | 0 |
Interest Income and Asset Yield The following table summarizes our interest income for the fiscal years 2012 and 2011 (dollars in millions): | The following table summarizes recent prepayment trends for our portfolio: | 0 |
The Partnership experienced a net trading gain, through investments in the Funds, before fees and expenses in 2015 of $841,906. | The Partnership experienced a net trading loss, through investments in the Funds, before fees and expenses in 2016 of $1,514,623. | 1 |
Prior to issuing a letter of credit, we would confirm that there has been no material adverse change in the business or condition, financial or otherwise, of the borrower since the time the loan was approved and confirm that the borrower is currently in compliance with the letter of credit terms and conditions. | Prior to making an advance on these facilities, we confirm that there has been no material adverse change in the business or condition, financial or otherwise, of the borrower since the time the loan was approved and confirm that the borrower is currently in compliance with loan terms and conditions. | 1 |
(2) Stabilization is generally defined as 90% occupancy for 90 days and an achievement of 1.15 times debt service coverage ratio on amortizing debt service. | (3) A property is considered stabilized once it reaches 90% occupancy for 90 days and an achievement of 1.15 times debt service coverage ratio on amortizing debt service. | 1 |
Such market conditions could prevent US12OF from promptly liquidating its positions in Oil Futures Contracts. | Such market conditions could prevent USL from promptly liquidating its positions in Oil Futures Contracts. | 1 |
The decrease in realized gains primarily related to decreased sales of equity securities in an unrealized gain position in 2012 compared to 2011. | The increase in realized gains primarily related to increased sales of equity securities in an unrealized gain position in 2013 compared to 2012. | 1 |
The following discussion of international net income excludes the effect of currency translation. | The following discussion of costs and expenses excludes the effect of currency translation. | 1 |
Net cash used for investing and financing activities combined totaled $397.2 million in fiscal 2011. | Global attendance decreased 11.0% to 50.7 million in fiscal 2012 from 57.0 million in fiscal 2011. | 0 |
Conversely, if the price of a near month futures contract is lower than the next month futures contract (a situation referred to as contango ), then absent any other change, the price of a next month futures contract tends to decline in value as it becomes the near month futures contract and approaches expiration. | For example, if the price of the near month futures contract is higher than the next futures month contract (a situation referred to as backwardation ), then absent any other change, the price of a next month futures contract tends to rise in value as it becomes the near month futures contract and approaches expiration. | 1 |
Research and development expense increased 8% due to ongoing development activities for new products and additional engineering personnel throughout fiscal year 2015. | Research and development expense increased 10% due to ongoing development activities for new products and additional engineering personnel throughout the 53-weeks ended December 31, 2016. | 1 |
Cash used in investing activities were approximately $60.0 million for the year ended December 31, 2013 , consisting primarily of approximately $52.0 million of cash used, net of cash acquired, in the acquisition of Tinet. | Net cash provided by financing activities was $253.5 million for the year ended December 31, 2015 , consisting primarily of the net proceeds from the October 2015 Credit Agreement used to fund the acquisition of One Source. | 0 |
Excluding the impact of merger-related costs, NSTAR Electric s earnings increased $67.4 million in 2013, as compared to 2012, due primarily to lower overall operations and maintenance costs and higher retail electric sales due primarily to colder weather in the first and fourth quarters in 2013. | NSTAR Electric's earnings increased in 2014, as compared to 2013, due primarily to lower operations and maintenance costs primarily attributable to lower employee-related costs and higher transmission earnings, partially offset by higher interest expense, higher depreciation expense, higher property tax expense and the after-tax reserve recorded for the 2014 FERC ROE orders as compared to the reserve recorded in 2013 for the FERC ALJ initial decision in the FERC base ROE complaints. | 0 |
The table below compares the provision for income taxes for the years ended December 31, 2013, 2012 and 2011 (dollars in millions): | The table below compares G A expenses for the years ended December 31, 2014, 2013 and 2012 (dollars in millions): | 0 |
Restaurant operating expenses were $3,557,000 in the fiscal 2016 period compared to $3,747,000 in the fiscal 2015 period. | Restaurant operating expenses were $3,386,000 in the fiscal 2017 period as compared to $3,557,000 in the fiscal 2016 period. | 0 |
This alternative method of revenue recognition is not the preferred method of revenue recognition as prescribed within generally accepted accounting principles in the United States of America (US GAAP). | Generally accepted accounting principles in the United States ( US GAAP ) require that we recognize the BCF related to the Series A Preferred Stock as a discount on the Series A Preferred Stock and amortize such amount as a deemed distribution through the earliest conversion date. | 0 |
The following table summarizes total revenues, net income (loss) and net income (loss) attributable to Icahn Enterprises Holdings for our Holding Company and the consolidated totals with respect to Icahn Enterprises Holdings for the years ended December 31, 2013 , 2012 and 2011. | The following table summarizes total revenues, net income (loss) and net income (loss) attributable to Icahn Enterprises for each of our reporting segments and our Holding Company for the years ended December 31, 2014 , 2013 and 2012. | 0 |
The majority of the increase is attributable to the gain of approximately $1.8 million from the recognition of the sale of the Ohio Properties and approximately $1.4 million from the recognition of the sale of the Greens Property in 2013. | The decrease from 2014 as compared to 2013 is attributable to the gain of approximately $1.8 million from the recognition of the sale of the Ohio Properties and approximately $1.4 million from the recognition of the sale of the Greens Property in 2013. | 1 |
When we reduce our valuation allowance in an accounting period, we record a corresponding tax benefit in our statement of income. | When we establish a valuation allowance or increase this allowance in an accounting period, we record a corresponding tax expense in our statement of income. | 1 |
The amount of capitalized internal costs for salaries and related benefits for development and redevelopment activities, other property improvements, and leasing activities were $6 million , $1 million , and $5 million , respectively, for 2013 and $5 million , $1 million , and $5 million , respectively, for 2012 . | for salaries and related benefits for development and redevelopment activities, other property improvements, and leasing activities were $7 million , $1 million , and $6 million , respectively, for 2014 and $6 million , $1 million , and $5 million , respectively, for 2013 . | 1 |
Ceded benefits and settlement expenses were lower for the year ended December 31, 2013, as compared to the year ended December 31, 2012, due to a smaller increase in ceded reserves, largely offset by higher ceded claims. | Ceded benefits and settlement expenses were primarily driven by ceded claims. | 0 |
Financial Statements and Supplementary Data for further information. | Financial Statements and Supplementary Data for further information on the ASR transaction. | 1 |
Other operating revenues for the year ended December 31, 2010 decreased approximately $0.2 million or 4.4% to approximately $4.4 million compared to other operating revenues for the year ended December 31, 2009 of approximately $4.6 million. | Other operating revenues for the year ended December 31, 2011 increased approximately $0.1 million or 2.6% to approximately $4.5 million compared to other operating revenues for the year ended December 31, 2010 of approximately $4.4 million. | 1 |
We offer legal spend management solutions that help manage legal and claims vendor expenditures and that automate receipt and review of legal invoices for insurance companies and other large corporate consumers of outside legal services. | We also offer legal spend management solutions that help manage and determine the right amount to pay for legal services and claims vendor expenditures for insurance companies and other large corporate consumers of outside legal services. | 0 |
The major components of the current year amount were share of losses from operating partnerships, impairment loss, and partnership management fees. | The major components of the current year amount were share of gain from operating partnerships and partnership management fees. | 1 |
Depreciation expense in fiscal year 2016 was $1.0 million higher than fiscal year 2015 primarily due to the acquisition of Sheldon Ranches in December 2015 and placement of our new, expanded lemon packing facility into service in March 2016. | The 29% increase of $1.0 million was primarily due to the acquisition of Sheldon Ranches in December 2015 and placement of our new, expanded lemon packing facility into service in March 2016. | 1 |
The Partnership experienced a net trading loss, through investments in the Funds, before fees and expenses in 2013 of $386,776. | The Partnership experienced a net trading gain, through investments in the Funds, before fees and expenses in 2014 of $ 2,513,437. | 1 |
The impact of foreign currency translation on hair care net sales was de minimis. | The impact of foreign currency translation on fragrance net sales was de minimis. | 1 |
Currency affected net revenues favorably by approximately $23 million. | Currency favorably impacted other SG A by approximately $10 million. | 0 |
Cash generated in financing activities in 2016 of $7.5 million is primarily due to a $10.0 million net draw on our Silicon Valley Bank line of credit and proceeds from the issuance of common stock. | Cash used in financing activities in 2017 of $8.6 million is primarily due to a $9.0 million net repayment on our Silicon Valley Bank line of credit and proceeds from the issuance of common stock. | 1 |
Arbors of Hickory Ridge's operations resulted in net operating income of $568,000 before payment of bond debt service on net revenue of approximately $1.23 million in 2012. | Avistar at Chase Hill's operations resulted in net operating income of approximately $660,000 before payment of bond debt service on net revenue of approximately $1.46 million in 2013. | 1 |
The decrease in net operating income is due to a decrease in economic occupancy. | The decrease in net operating income is due to an increase in utilities expenses along with a decrease in economic occupancy. | 1 |
The decrease in non-current liabilities was primarily due to $5,936,000 in contributions made to our pension plans. | The decrease in non-current liabilities was primarily due to $11,211,000 in contributions made to our pension plans. | 1 |
During the year ended December 31, 2014, our gains on sales of investments in available-for-sale securities decreased $41,000, our dividend income decreased $12,000 and our interest income increased $7,000 as compared to the amounts realized during the year ended December 31, 2013. | During the year ended December 31, 2015, our interest income increased $191,000, our gains on sales of investments in available-for-sale securities increased $44,000 and our dividend income decreased $12,000 as compared to the amounts realized during the year ended December 31, 2014. | 1 |
These proved undeveloped reserve additions were offset by transfers of 315 million BOE to the proved developed category as a result of the 2014 development programs including 214 million BOE from Al Hosn gas project reserves. | These proved undeveloped reserve additions were offset by transfers of 106 million BOE to the proved developed category as a result of the 2015 development programs. | 1 |
Incidents involving entities previously owned by RailAmerica that occurred prior to this renewal would be considered under RailAmerica s legacy liability and property insurance policies. | Incidents involving entities previously owned by RailAmerica that occurred prior to our August 1, 2013 insurance renewal are insured under RailAmerica's legacy liability and property insurance policies. | 0 |
There were no gross unrealized losses on equity securities as of December 31, 2010. | There were no other states or individual issuer holdings that represented or exceeded 10% of the total municipal portfolio as of December 31, 2011. | 0 |
OG E s operations are subject to the Federal Clean Air Act as amended, and comparable state laws and regulations. | OG E's operations are subject to the Federal Clean Water Act, and comparable state laws and regulations. | 1 |
Such amounts are included in either Other current liabilities or Other liabilities in the accompanying Consolidated Balance Sheets, based upon our expected time of recognition. | Related expenses deferred under drilling contracts totaled $55.7 million at December 31, 2017 as compared to $72.8 million at December 31, 2016 and are included in either Prepaid expenses and other current assets, Other assets, or Property and equipment, net in the accompanying Consolidated Balance Sheets, based upon our expected time of recognition. | 0 |
The overall change in operating results in each geographic region benefited as a result of the accelerated orders during the current year, as discussed above, as follows: | The overall change in operating results in each geographic region was negatively impacted by the accelerated orders into the fiscal 2014 fourth quarter from certain of our retailers due to our implementation of SMI as follows: | 0 |
Research and development expenses increased during 2012 as compared to 2011 due to a $35.8 million increase in compensation and other employee-related costs, primarily related to increased headcount due to strategic hiring and acquisitions, and an increase in stock-based compensation expense of $22.0 million, primarily related to retention-focused awards granted to new and existing employees and assumed in conjunction with our acquisitions. | Research and development expenses increased during 2013 as compared to 2012 primarily due to an increase in compensation, including stock-based compensation and employee-related costs, primarily related to increased headcount from strategic hiring and acquisitions. | 0 |
No. 1 agreement using cash on hand and borrowings under our revolving credit facility. | No. 234 agreement using cash on hand and borrowings under our revolving credit facility. | 1 |
Direct operating expense does not include allocated amounts for rent, occupancy and other indirect costs (including building maintenance and utilities), depreciation, an d amortization, except for amortization related to purchased intangible assets. | Sales and marketing expense does not include allocated amounts for rent, occupancy and other indirect costs (including building maintenance and utilities), depreciation, and amortization, except for a portion of amortization related to certain purchased intangible assets. | 1 |
New Store labor and other expenses increased $404,000 for the year ended December 31, 2014 as compared to 2013 . | New Store labor and other expenses increased $518,000 for the year ended December 31, 2015 as compared to 2014 . | 1 |
The senior subordinated notes are fully and unconditionally guaranteed on a joint and several senior subordinated unsecured basis by certain of Cinemark USA, Inc. s subsidiaries that guarantee, assume or become liable with respect to any of Cinemark USA, Inc. s or a guarantor s other debt. | The 5.125% Senior Notes are fully and unconditionally guaranteed on a joint and several senior unsecured basis by certain of Cinemark USA, Inc. s subsidiaries that guarantee, assume or become liable with respect to any of Cinemark USA, Inc. s or a guarantor s debt. | 1 |
Messrs. Berman, Dimitrov, Owens and Sandeep K. Khorana, each an interested member of our Board of Directors, have a direct or indirect pecuniary interest in Fifth Street Management. | Messrs. Berman, Dimitrov, Owens and Sandeep K. Khorana, each an interested member of our Board of Directors, have a direct or indirect pecuniary interest in our Investment Adviser. | 1 |
Currently, GAAP lacks guidance about management s responsibility to evaluate whether there is substantial doubt about the organization s ability to continue as a going concern or to provide related footnote disclosures. | The amendment defines management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern and to provide related footnote disclosures. | 1 |
This evaluation did determine that a portion of the taxable property loans were potentially impaired and that an additional allowance or bad debt should be recorded. | During 2011 and 2010, the Company determined that a portion of the taxable property loans were potentially impaired and an additional allowance for bad debt should be recorded. | 1 |
The leverage and debt-to-equity ratios adjusted to treat members subordinated certificates as equity rather than debt reflect management s perspective on our operations and, therefore, we believe these are useful financial measures for investors. | The leverage and debt-to-equity ratios adjusted to exclude the effect of foreign currency translation reflect management s perspective on our operations and, therefore, we believe these are useful financial measures for investors. | 1 |
In addition to the increase in student enrollment, the revenue increase was also positively impacted by the 5% tuition increase effective April 1, 2009 and the decision to move to a single credit hour price for all undergraduate students at Ashford University. | In addition to the increase in student enrollment, the revenue increase was also positively impacted by the 5% tuition increase effective April 1, 2011. | 1 |
Due to the sale of Indemnity s property and casualty subsidiaries to the Exchange on December 31, 2010, all property and casualty underwriting results and all investment results for these companies accrue to the benefit of the subscribers (policyholders) of the Exchange, or noncontrolling interest, after December 31, 2010. | Due to the sale of Indemnity s property and casualty insurance subsidiaries to the Exchange on December 31, 2010, all property and casualty loss and loss expense reserves accrue to the interest of the subscribers (policyholders) of the Exchange, or noncontrolling interest, after December 31, 2010. | 1 |
Our primary capital projects for 2015 include the construction of our ORV condensate pipeline, Bearkat plant facilities and West Texas expansion project. | Our primary capital projects for 2016 include completing the construction of our Riptide plant in our Texas segment, commencing construction of our Marathon joint venture NGL pipeline in our Louisiana segment, developing our Tall Oak assets in our Oklahoma segment and investing in HEP to fund our equity share of its pipeline expansion projects in our Corporate segment. | 0 |
Arizant Inc. is a leading manufacturer of patient warming solutions designed to prevent hypothermia in surgical settings. | Acquisition growth primarily related to Arizant Inc., a leading manufacturer of patient warming solutions designed to prevent hypothermia in surgical settings. | 1 |
The 2012 effective tax rate is lower than the 35% U.S. federal statutory tax rate primarily due to inclusion of earnings in jurisdictions with lower tax rates than the U.S. federal statutory rate where such earnings are permanently reinvested. | $1.3 million, or 6.1%, decrease resulting from earnings in jurisdictions with lower tax rates than the U.S. federal statutory rate where such earnings are permanently reinvested. | 0 |
Please refer to Note 10 Indebtedness to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter. | Please refer to Note 7 Goodwill and Other Intangible Assets to our consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further details regarding this matter. | 1 |
Other revenues increased $0.5 million primarily due to an increase in maintenance company revenues and other one-time revenue transactions. | General and administrative expense for the Company increased by $1.9 million, or 8.3% and increased for the Operating Partnership by $2.1 million, or 9.0%, primarily due to an increase in employee compensation and incentive compensation. | 0 |
Occidental incurred approximately $1.4 billion in 2010 to convert proved undeveloped reserves to proved developed reserves. | Costs to develop proved undeveloped reserves have increased over time and costs of transfers to proved developed reserves may continue to increase. | 0 |
We do not believe there is a reasonable likelihood that there will be a material change in the future estimates or assumptions we use to calculate impairment. | We do not believe there is a reasonable likelihood that there will be a material change in the reserves established for tax benefits not recognized. | 1 |
In addition, in 2011, the golf clubs operating segment absorbed $5.6 million in charges related to the Company s Reorganization and Reinvestment Initiatives, most of which was recognized in operating expenses. | In addition, in 2011, the golf balls operating segment absorbed $1.3 million in charges related to the Company s Reorganization and Reinvestment Initiatives, most of which was recognized in operating expenses. | 1 |
Our other expenses were $34,355,000 for the year ended December 31, 2013 , as compared to $28,464,000 for the year ended December 31, 2012 , an increase of $5,891,000 , or 21% . | Our property expenses were $22,678,000 for the year ended December 31, 2013 , as compared to $16,842,000 for the year ended December 31, 2012 , an increase of $5,836,000 , or 35% . | 0 |
Other Miscellaneous R evenues Miscellaneous revenues includes disconnect/reconnect fees and other discretionary revenues for services requested by REPs, services provided on a time and materials basis, rents, energy efficiency performance bonuses approved by the PUCT and other miscellaneous revenues . | A Decrease in Other Miscellaneous Revenues Miscellaneous revenues includes disconnect/reconnect fees and other discretionary revenues for services requested by REPs, services provided on a time and materials basis, rents, energy efficiency performance bonuses approved by the PUCT and other miscellaneous revenues . | 1 |
Hotel operating expenses, which consist of room expenses, food and beverage expenses, other direct expenses, indirect expenses, and management fees, increased approximately $11.7 million, or 12.9%, for the year ended December 31, 2015, to approximately $101.9 million compared to hotel operating expenses for the year ended December 31, 2014 of approximately $90.2 million. | Hotel operating expenses, which consist of room expenses, food and beverage expenses, other direct expenses, indirect expenses, and management fees, increased approximately $0.4 million, or 0.4%, for the y ear ended December 31, 2017 to approximately $113.3 million compared to hotel operating expenses for the year ended December 31, 2016 of approximately $112.8 million. | 1 |
The excess of the purchase price over the fair value of the acquired net assets has been allocated to goodwill, none of which is tax deductible. | The excess of the purchase price over the fair value of the acquired net assets represents cost and revenue synergies specific to us, as well as non-capitalizable intangible assets, such as the employee workforce acquired, and has been allocated to goodwill, none of which is tax deductible. | 1 |
Gross margin from manufacturing operations as a percentage of manufacturing revenues increased to 27% for the year ended December 31, 2014 from 23% for the comparable prior year period. | Gross margin from manufacturing operations as a percentage of manufacturing revenues decreased to 15% for the year ended December 31, 2016 from 23% for the comparable prior year period. | 1 |
Our other expenses were $34,355,000 for the year ended December 31, 2013 , as compared to $28,464,000 for the year ended December 31, 2012 , an increase of $5,891,000 , or 21% . | Our property expenses were $22,678,000 for the year ended December 31, 2013 , as compared to $16,842,000 for the year ended December 31, 2012 , an increase of $5,836,000 , or 35% . | 0 |
Net sales were negatively impacted by 2.9% due to changes in price and 1.1% due to the unfavorable impact of foreign currency exchange rates. | Orthopaedics net sales in 2014 increased 5.2% as reported and 6.3% in constant currency, as net sales were negatively impacted by 1.1% due to the impact of foreign currency exchange rates. | 0 |
Our gross profit rate decreased by 0.4% to 39.4% in fiscal 2014 from 39.8% in fiscal 2013 primarily due to unfavorable product margins (0.4%) resulting from unfavorable mix in the OEM and instrumentation and material processing markets in the CLC segment and unfavorable impact of foreign exchange rates in the SLS segment as well as higher intangibles amortization (0.2%) due to the acquisitions of Lumera at the end of the first quarter of fiscal 2013 and Innolight in the first quarter of fiscal 2013 partially offset by lower warranty costs as a percentage of sales (0.2%) due to fewer warranty events in the SLS segment. | Our gross profit rate increased by 2.4% to 41.8% in fiscal 2015 from 39.4% in fiscal 2014 primarily due to favorable product margins (1.2%) resulting from favorable mix in the microelectronics market and the favorable impact from foreign currency fluctuations net of the impact of lower volumes in certain business units. | 0 |
The following table provides the amounts and variances in operating revenues and expense line items for the consolidated statements of income for NU included in this Annual Report on Form 10-K for the years ended December 31, 2012, 2011, and 2010. | The following table provides the amounts and variances in operating revenues and expense line items for the consolidated statements of income for PSNH included in this Annual Report on Form 10-K for the years ended December 31, 2013 and 2012: | 1 |
The interest rate on this term loan is fixed at 6.73% until November 2011, at which time the rate becomes variable at a rate equal to an internally calculated rate based on Farm Credit West s internal monthly operations and their cost of funds and generally follows the changes in the 90-day treasury rates in increments divisible by 0.25% until the loan matures. | Effective November 2011, we entered into an agreement with Farm Credit West fixing the interest rate at 3.65% for three years after which time the rate becomes variable at a rate equal to an internally calculated rate based on Farm Credit West s internal monthly operations and their cost of funds and generally follows the changes in the 90-day treasury rates in increments divisible by 0.25% until the loan matures. | 1 |
The new standard becomes effective for the Corporation in fiscal 2018. | The new standard becomes effective for the Corporation in fiscal 2020 and requires a cumulative effect adjustment in retained earnings as of the beginning of the year of adoption. | 0 |