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we seek to deliver pay-for-performance while meeting the following objectives : attract , motivate and retain highly qualified executives ; establish challenging , but realistic performance objectives , story_separator_special_tag this management 's discussion and analysis of financial condition and results of operatio...
results of operations year ended december 31 , 2016 compared to the year ended december 31 , 2015 the following table sets forth for each of the periods indicated our statements of operations data and expresses revenue and expense data as a percentage of total revenues for the periods presented ( dollars in thousands )...
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you should review the “risk factors” section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis . introduction and overview of operations we are an integr...
results of operations the following information for the years ended december 31 , 2011 , 2010 and 2009 reflects all the items included in consolidated statements of operations as a percentage of net revenue : replace_table_token_13_th 72 the following information reflects net revenue by product line for the years ended...
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certain of the leases provide for escalating rents over the lives of the leases story_separator_special_tag the following discussion should be read in conjunction with our consolidated financial statements and related notes and other financial information appearing elsewhere in this form 10-k. in addition to historical...
results of operations the following discussion compares our results of operations for 2011 , 2010 and 2009. the following table shows , for the periods indicated , information derived from our consolidated statements of operations expressed as a percentage of net sales for the periods presented . percentages may not to...
702
understanding of our business taken as a whole , we present the discussion in management 's discussion and analysis of financial condition and results of operations on a consolidated basis . overview autonation , inc. , through its subsidiaries , is the largest automotive retailer in the united states . as of december ...
results of operations we had net income from continuing operations of $ 395.9 million and diluted earnings per share of $ 4.34 in 2018 , as compared to net income from continuing operations of $ 435.0 million and diluted earnings per share of $ 4.43 in 2017 , and net income from continuing operations of $ 431.7 million...
703
the aggregate future minimum lease commitments for operating leases at december 31 , 2013 are as follows : 53 replace_table_token_21_th note story_separator_special_tag the following discussion should be read in conjunction with selected financial data ( item 6 ) , and our consolidated financial statements and related ...
consolidated results of operations the following table presents , as a percentage of net sales , certain categories included in our consolidated statements of comprehensive income for the periods indicated : 25 replace_table_token_8_th 2013 compared to 2012 sales for 2013 were $ 762.7 million , a decrease of $ 4.4 mill...
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both atlantic aviation and the mic hawaii businesses are classified as essential services businesses and remain fully operational . the businesses have implemented pandemic response plans and are following guidance from the centers for disease control and prevention ( cdc ) as well as federal , state , and local govern...
results of operations ” for discussions around the components of ebitda excluding non-cash items on a consolidated basis from continuing operations and for each of our operating businesses and corporate and other above . 57 liquidity and capital resources — ( continued ) the decrease in consolidated cash provided by op...
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certain statements we make under this item 7 constitute “ forward-looking statements ” under the private securities litigation reform act of 1995. see “ special note regarding forward-looking statements and projections ” in “ part i ” preceding “ item 1 - business. ” you should consider our forward-looking statements i...
results of operations as a result of the sale of the bakery discussed below in “ net income from discontinued operations , ” the bakery 's results of operations for the period from december 29 , 2014 through may 31 , 2015 have been included in “ income from discontinued operations , net of income taxes ” in the table b...
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the results of operations from our assets contributed to enlink are included in our consolidated financial statements for all periods presented . additionally , the results of operations for all assets contributed to enlink are included in our consolidated financial statements subsequent to the completion of the transa...
results of operations all amounts in this document related to our international operations for the year ended december 31 , 2012 are presented as discontinued . therefore , all results from those operations are excluded in the “results of operations” section unless otherwise noted . 28 oil , gas and ngl production repl...
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the following tables provide a summary of the activity in the allowance for credit losses allocated by loan class for 2011 and 2010. replace_table_token_47_th replace_table_token_48_th the following tables include impairment story_separator_special_tag the following discussion compares the company 's financial conditio...
review of financial condition asset and liability composition , capital resources , asset quality , market risk , interest sensitivity and liquidity are all factors that affect our financial condition . assets total assets increased 2.5 % from $ 1.130 billion at december 31 , 2010 to $ 1.158 billion at december 31 , 20...
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the plan authorizes the issuance of up to 75,000 shares of quaker common stock in accordance with the terms of the plan in payment of all or a portion of the annual cash retainer payable to each of the company 's non-employee directors in 2013 and subsequent years story_separator_special_tag story_separator_special_tag...
executive summary quaker chemical corporation is a leading global provider of process fluids , chemical specialties , and technical expertise to a wide range of industries , including steel , aluminum , automotive , mining , aerospace , tube and pipe , cans , and others . for nearly 100 years , quaker has helped custom...
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as of december 31 , 2017 , the company has a valuation allowance of approximately $ 9.2 million related to foreign net operating loss carryforwards ( “ nol ” ) of approximately $ 38.2 million for which it is more likely than not that the tax benefit will not be realized . the amount of the valuation allowance represent...
results of operations the following table sets forth , as a percentage of total revenues , the results from our operations for the periods indicated . replace_table_token_5_th 36 operating metrics the following table sets forth operating metrics in asia pacific , europe and north america : replace_table_token_6_th ( 1 ...
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in addition , the following discussion should be read in connection with the information presented in our consolidated financial statements and the related notes to our consolidated financial statements . company overview we are a leading global printed circuit board ( pcb ) manufacturer , focusing on quick-turn and vo...
results of operations we operate on a 52 or 53 week year ending on the monday nearest december 31. fiscal 2016 consisted of 53 weeks ended on january 2 , 2017 with the additional week included in the fourth quarter . we estimate the additional week contributed approximately $ 29.2 million of additional revenue and appr...
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( 4 ) such options vest over a four-year period from the date of grant , may 1 , 2015 , with one-fourth ( 1/4 ) of the options vesting on the first anniversary of each such grant , and the remaining options vesting thereafter in equal monthly increments equal to one-forty-eighth ( 1/48 ) of the options over the next th...
results of operations comparisons of the year ended december 31 , 2015 to the year ended december 31 , 2014 research and development expenses . our research and development expense , which includes non-cash stock-based compensation expense and amortization expense related to the license agreement , was $ 3.0 million fo...
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as such , the carrying amounts for these swaps are designated to be level 2 fair values and totaled $ 2.2 million as of december 31 , 2011. the carrying value of these swaps is included in other long-term liabilities on the accompanying story_separator_special_tag general the company believes these record results valid...
results of operations the following discussion and analysis includes the company 's historical results of operations for 2011 , 2010 and 2009. the following table sets forth for the years indicated certain financial data as a percentage of total revenues : replace_table_token_4_th 27 the following table sets forth the ...
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when the fair value of the collateral is based on an observable market price or a current appraised value , we record the foreclosed asset at level 2. when an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observab...
results of operations operating results for the years ended december 31 , 2019 , 2018 , and 2017 our operating results for the year ended december 31 , 2019 , compared to december 31 , 2018 , and for the year ended december 31 , 2018 , compared to december 31 , 2017 , were as follows : replace_table_token_7_th interest...
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the loss of story_separator_special_tag overview keytronicems is a leader in electronic manufacturing services and solutions to original equipment manufacturers of a broad range of products . we provide engineering services , worldwide procurement and distribution , materials management , world-class manufacturing and ...
results of operations comparison of the fiscal year ended june 29 , 2013 with the fiscal year ended june 30 , 2012 the following table sets forth for the periods indicated certain items of the consolidated statements of income expressed as a percentage of net sales . the financial information and discussion below shoul...
715
servicing rights when mortgage and sba loans are sold with servicing retained , servicing rights are initially recorded at fair value with the income story_separator_special_tag overview during 2014 , the company reported net income available to common shareholders of approximately $ 38.4 million , or $ 1.48 per share ...
results of operations net interest income net interest income represents the amount by which interest income on interest-earning assets exceeds interest expense incurred on interest-bearing liabilities . net interest income is the largest component of our income and is affected by the interest rate environment and the ...
716
you can identify these statements by forward-looking words such as “anticipate , ” “intend , ” “plan , ” “continue , ” “could , ” “grow , ” “may , ” “potential , ” “predict , ” “strive , ” “estimate , ” “believe , ” “expect” and similar expressions that convey uncertainty of future events or outcomes . any forward-look...
results of operations the following table sets forth certain revenue and expense items as a percentage of total revenues for the three years ended april 30 , 2018 , 2017 , and 2016 and the percentage increases and decreases in those items for the years ended april 30 , 2018 and 2017 : replace_table_token_4_th 45 nm—not...
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, pcbs populated with electronic components ) , which serve as the foundation of sophisticated electronic products . we focus on providing time-to-market and advanced technology products and offer a one-stop manufacturing solution to our customers from engineering support to prototype development through final volume p...
results of operations the following table sets forth the relationship of various items to net sales in our consolidated statement of operations : replace_table_token_10_th we manage our worldwide operations based on two geographic operating segments : 1 ) asia pacific , which consists of five pcb fabrication plants and...
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the three levels of the fair value hierarchy are as follows : level 1 story_separator_special_tag this section of form 10-k generally discusses 2020 and 2019 events and results and year-to-year comparisons between 2020 and 2019. discussions of 2018 items and year-to-year comparisons between 2019 and 2018 that are not i...
results of operations our results of operations as a percentage of net sales and year-over-year changes are discussed in the following section . net sales replace_table_token_9_th the increase in net sales from 2019 to 2020 was a result of comparable store net sales increases in the family dollar and dollar tree segmen...
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( 18 ) includes 333,334 shares that mr. wasserman has the right to acquire at within 60 days upon exercise of stock options . ( 19 ) includes 106,666 shares that ms. strumingher has the right to acquire at within 60 days upon exercise of stock options . ( 20 ) includes 5,595 shares held by mr. kirkland . ( 21 ) the bus...
results of operations years ended december 31 , 2011 , 2010 and 2009 : year ended december 31 replace_table_token_1_th year ended december 31 , 2011 compared to the year ended december 31 , 2010 : revenue revenue for the year ended december 31 , 2011 was $ 3,964,796 compared to $ 1,916,565 for the year ended december 3...
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( 7 ) includes ( i ) 1,366,230 shares of common stock and ( ii ) 973,429 shares of common stock subject to currently exercisable warrants held by hound partners offshore fund , lp . 42 ( 8 ) includes ( i ) 150,012 shares of common stock held by mr. rubenstein , ( ii ) 20,000 shares of common stock subject to currently ...
results of operations : year ended december 31 , 2011 compared to year ended december 31 , 2010 revenue . we had revenue of $ 7,398,000 for the year ended december 31 , 2011 ( “ 2011 ” ) as compared to revenue of $ 33,037,000 for the year ended december 31 , 2010 ( “ 2010 ” ) . all such revenue was related to the recei...
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the debentures imposed certain covenants on the company including restrictions against paying cash dividends or distributions on shares of its outstanding common stock . the debentures were secured by all of the company 's assets under the terms of a security agreement it entered into with the investors dated december ...
results of operations comparison of the year ended september 30 , 2012 and 2011 the following table summarizes certain aspects of our results of operations for the year ended september 30 , 2012 compared to the year ended september 30 , 2011 ( in thousands , except percentages ) : replace_table_token_2_th revenue total...
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in addition to affiliations with abc , cbs and fox , our secondary channels are affiliated with numerous smaller networks and program services including , among others , the cw network or the cw plus network ( collectively , “ cw ” ) , my network ( “ my ” or “ my network ” ) , the metv network ( “ metv ” ) , this tv ne...
results of operations year ended december 31 , 2016 ( “ 2016 ” ) compared to year ended december 31 , 2015 ( “ 2015 ” ) revenue total revenue increased $ 215.1 million , or 36 % , to $ 812.5 million for 2016 compared to 2015. local advertising revenue increased approximately $ 66.9 million , or 20 % , to $ 403.3 millio...
723
at december 31 , 2015 , the company had federal and state net operating loss carryforwards of story_separator_special_tag you should read the following discussion and analysis of financial condition and results of operations together with “item 6. selected financial data” and our financial statements and related notes ...
results of operations revenues we have not generated any revenue from product sales . for the year ended december 31 , 2013 our revenues were derived from contract revenue , up-front payments and development milestone payments from our former collaborator partner , gsk . total revenues , as compared to the prior years ...
724
aspen insurance holdings limited by : christopher o'kane name : christopher o'kane title : chief executive officer date : february 22 , 2018 power of attorney know all men by these presents , that the undersigned directors and officers of the company , a bermuda limited liability company , which is filing a form 10-k w...
operating highlights gross written premiums of $ 3,360.9 million in 2017 , an increase of 6.8 % from 2016 . combined ratio of 125.7 % for 2017 , including $ 561.9 million , or 24.6 percentage points of pre-tax catastrophe losses , net of reinsurance and reinstatements , compared with 98.5 % for 2016 , which included $ ...
725
medley may also earn consulting fees for providing non-advisory services related to our managed funds . these fees are recognized as revenue over the period to which the fees directly relate . f- 14 medley management inc. notes to story_separator_special_tag the following discussion and analysis should be read in conju...
results of operations the following table and discussion sets forth information regarding our consolidated results of operations for the years ended december 31 , 2018 , 2017 and 2016 . the audited consolidated financial statements of medley have been prepared on substantially the same basis for all historical periods ...
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executive summary we are a specialty finance company that acquires and manages mortgage-related assets , including residential mortgage-backed securities , or `` rmbs , '' backed by prime jumbo , alt-a , manufactured housing , and subprime residential mortgage loans , rmbs for which the principal and interest payments ...
results of operations for the years ended december 31 , 2013 , 2012 , and 2011 the table below represents the net increase in equity resulting from operations for the years ended december 31 , 2013 , 2012 , and 2011. replace_table_token_11_th results of operations for the years ended december 31 , 2013 and 2012 summary...
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we are using our cash to fund shareholder dividends , with annual increases in each of the past 34 years , and to fund capital expenditures , acquisitions and share repurchases . in 2019 , the return of cash to our shareholders through dividends and share repurchases was $ 397.3 million . on a long-term basis , we expe...
overview the following management 's discussion and analysis of financial condition and results of operations ( md & a ) is intended to help the reader understand mccormick & company , incorporated , our operations and our present business environment . md & a is provided as a supplement to , and should be read in conj...
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( a development stage company ) jerusalem , israel we have audited the consolidated statements of expenses , changes in stockholders ' deficit , and cash flows for the period from april 12 , story_separator_special_tag the following discussion and analysis of our financial conditions and results of operations should be...
results of operations critical accounting policies our significant accounting policies are more fully described in the notes to our accompanying consolidated financial statements . we believe that the accounting policies below are critical for one to fully understand and evaluate our financial condition and results of ...
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cash was paid in lieu of fractional shares of our common shares . excluding repurchased shares , all references to common shares and related per share amounts in this document and related disclosures have been adjusted to reflect the stock dividend for all periods presented . cash cash consists of cash deposited in ban...
segment results we are primarily engaged in writing property and casualty insurance and reinsurance . we have two primary reporting segments : u.s. operations and international operations . additionally , we have a run-off lines segment for products that we no longer underwrite . we consider many factors , including th...
730
you should not place undue reliance on these statements because they are subject to numerous uncertainties and factors relating to our operations and business environment , all of which are difficult to predict and many of which are beyond our control . these statements often include words such as “may , ” “will , ” “s...
results of operations the following table summarizes our results of operations for the years ended december 31 , 2014 , 2013 and 2012 : replace_table_token_3_th 54 year ended december 31 , 2014 compared to year ended december 31 , 2013 revenues replace_table_token_4_th the decrease in revenues from our operations manag...
731
the company paid the shareholders of sym-bio approximately $ 51.2 million in cash for this acquisition plus an additional amount of $ 12.5 million held in an escrow account for contingencies , of which $ 7.3 million is for potential additional contingent consideration with a fair value of $ 6.9 million at the acquisiti...
fiscal year 2009 operating activities . net cash provided by continuing operations was $ 127.8 million for fiscal year 2009 , as compared to net cash provided by continuing operations of $ 170.8 million for fiscal year 2008 , a decrease of $ 42.9 million . the decrease in cash provided by operating activities for fisca...
732
additionally , you should read the “ risk factors ” section of this form 10-k for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis . overview we are a bioph...
results of operations the following discussion of our operating results explains material changes in our results of operations for the years ended december 31 , 2014 , 2013 and 2012. the discussion should be read in conjunction with the consolidated financial statements and related notes included elsewhere in this form...
733
there can be no assurance the products will receive the necessary clearance . if the company is denied clearance or clearance is delayed , it may have a material adverse impact on the company . the company 's products are concentrated in rapidly-changing , highly-competitive markets , which are characterized by rapid t...
results of operations we anticipate that our results of operations will fluctuate for the foreseeable future due to several factors , including our and our partners ' ability to successfully commercialize our products , any possible payments made or received pursuant to license or collaboration agreements , progress of...
734
the estimated fair values of the participation units owned by the plan in pooled separate accounts were based on quoted redemption values and adjusted for management fees and asset charges , as determined by the recordkeeper , on the last business day of the story_separator_special_tag the following discussion and anal...
results of operations the following table sets forth , for the periods indicated , selected operations data expressed as a percentage of net sales . replace_table_token_2_th net sales and gross margin replace_table_token_3_th net sales decreased by 10.7 % in 2020 compared to 2019. our acs , ems and pes operating segmen...
735
the placement story_separator_special_tag you should read the following discussion and analysis of our financial condition and results of operations together with our consolidated financial statements and the related notes and other financial information included elsewhere in this annual report on form 10-k. some of th...
results of operations comparison of the years ended december 31 , 2017 and 2016 the following table summarizes the results of our operations for the years ended december 31 , 2017 and 2016 : replace_table_token_3_th revenue the following table summarizes our revenue recognized during the periods indicated : replace_tab...
736
these forward-looking statements are not guarantees of future performance and are subject to risks , uncertainties and assumptions , including , among other things , information set forth in part i , item 1a—”risk factors.” in making these statements , we are not undertaking to address or update these factors in future...
results of operations summary of consolidated results the following describes our consolidated financial results for the years ended december 31 , 2006 , 2005 and 2004 and our financial condition as of december 31 , 2006 and 2005. in order to understand our consolidated financial results , we perform a detailed segment...
737
the pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the company or through joint ventures . human health pharmaceutical products consist of therapeutic and preventive agents , generally sold by prescription , for the treatment of human disorders . the company...
operating results sales worldwide sales totaled $ 44.0 billion in 2013 , a decline of 7 % compared with $ 47.3 billion in 2012. the sales decline was driven primarily by lower sales of singulair . the patents that provided u.s. market exclusivity and market exclusivity in a number of major european markets for singulai...
738
on january 19 , 2016 , the company changed its name to global self storage , inc. from self storage group , inc. , changed its sec registration from an investment company to an operating company reporting under the exchange act , and listed its common stock on nasdaq under the symbol “ self ” . our store operations gen...
financial condition and results of operations our financing strategy is to minimize the cost of our capital in order to maximize the returns generated for our stockholders . for future acquisitions , the company may use various financing and capital raising alternatives including , but not limited to , debt and or equi...
739
unless otherwise indicated or the context otherwise requires , all references to the “ company , ” “ evoqua , ” “ evoqua water technologies corp. , ” “ ewt holdings i corp , ” “ we , ” “ us , ” “ our ” and similar terms refer to evoqua water technologies corp. , together with its consolidated subsidiaries . unless othe...
consolidated results revenues -revenues decreased $ 14.9 million , or 1.0 % , to $ 1,429.5 million in the year ended september 30 , 2020 from $ 1,444.4 million in the prior year . the following table provides the change in revenues from product sales and revenues from services , respectively : replace_table_token_14_th...
740
companies have the option of applying the provisions of asu 2014-09 either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying this guidance recognized at the date of initial application . early adoption is not permitted . the new guidance is effe...
results of operations 2014 compared to 2013 the following table sets forth net revenues , selected financial data , the effective tax rate and diluted earnings per share : replace_table_token_5_th nm = not meaningful 29 net revenues by end-use market and operating segment net revenues by end-use market and operating se...
741
in june 2016 , the fasb issued asu 2016-13 , financial instruments—credit losses ( topic 326 ) : measurement of credit losses on financial instruments . this standard significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value...
overview we are in the business of owning , operating and franchising fast casual and full-service dining concepts in the united states and internationally . we own , operate and franchise a system-wide total of 49 fast casual restaurants specializing the “ better burger ” category of which 34 are company-owned and 15 ...
742
the company 's interests in these operations are recorded in the statements of operations as equity in losses story_separator_special_tag you should read the following discussion of our financial condition and results of operations together with the audited consolidated financial statements and notes to the financial s...
consolidated results of operations replace_table_token_10_th * percentages are not meaningful . * * see “ —non-gaap measures ” above for definition of constant currency . 36 selling , general and administrative expenses selling , general and administrative expenses for the year ended december 31 , 2017 include a $ 110....
743
years ended december 31 , 2000 vs. 1999 1999 vs. 1998 increase ( decrease ) due to increase ( decrease ) due to volume rate total volume rate total ( dollars in thousands ) interest-earnings assets : loans $ 4,438 $ 1,299 $ 5,737 $ 3,768 $ ( 831 ) $ 2,937 securities 1,656 307 1,963 669 ( 147 ) 522 federal funds sold ( ...
of financial condition and results of operations certain statements in this annual report on form 10-k include forward-looking information within the meaning of section 27a of the securities act of 1933 , as amended , and section 21e of the securities exchange act of 1934 , as amended , and are subject to the “safe har...
744
( 7 ) accrued expenses the major components of accrued expenses are as follows : replace_table_token_21_th ( 8 ) lease commitments the company currently leases stores , distribution and headquarters facilities under non-cancelable operating leases . the company 's leases generally contain multiple renewal story_separat...
executive summary our improved operating results for fiscal 2013 compared to fiscal 2012 were mainly attributable to our higher sales levels , including an increase in same store sales of 3.9 % . we believe our higher same store sales reflected favorable customer response to changes in our merchandise offering and new ...
745
the forward-looking statements contained in this section involve a number of risks and uncertainties , including : statements concerning the impact of a protracted decline in the liquidity of credit markets ; the general economy , including interest and inflation rates , and its impact on the industries in which we inv...
results of operations under gaap , our ipo did not step-up the cost basis of the predecessor operating company 's existing investments to fair market value at the ipo date . since the total value of the predecessor operating company 's investments at the time of the ipo was greater than the investments ' cost basis , a...
746
our actual results may differ materially from those anticipated in these forward-looking statements as a result of various factors , including those discussed in the section entitled “ risk factors ” and in other parts of this annual report on form 10-k. overview we are a biopharmaceutical company dedicated to the deve...
results of operations comparison of the years ended december 31 , 2018 and 2017 the following table sets forth the significant components of our results of operations for the years ended december 31 , 2018 and 2017 ( in thousands ) : replace_table_token_2_th product sales , net . otiprio is sold in the united states up...
747
the convertible notes bear interest at a rate of 6.5 % per year , payable semi-annually in arrears on february 15th and august 15th of each year . the convertible notes mature on august story_separator_special_tag story_separator_special_tag ottom:0px '' > 22 restructuring and impairment charges increased significantly...
overview during 2012 , we experienced continued decline in the performance of our electronic materials segment , specifically our solar pastes , metal powders and surface finishing products businesses , which ultimately led us to begin exploring strategic options for the solar pastes business during the third quarter o...
748
as a result of the business combination , ( i ) wsc 's consolidated financial results for periods prior to november 29 , 2017 reflect the financial results of williams scotsman international , inc. ( “ wsii ” ) and its consolidated subsidiaries , as the accounting predecessor to wsc , and ( ii ) for periods from and af...
business segment results years ended december 31 , 2017 , 2016 and 2015 replace_table_token_28_th 49 replace_table_token_29_th replace_table_token_30_th modular - us segment comparison of years ended december 31 , 2017 and 2016 revenue : total revenue increased $ 27.4 million , or 7.5 % , to $ 392.9 million for the yea...
749
furthermore , it is still too early to understand the impact , if any , of mers ( middle east respiratory syndrome ) on consumer spending in asia , including the impact on tourism in the region . within the u.s. , a prolonged and tough winter season impacted demand during the first half of calendar 2015 , however certa...
executive overview coach , inc. is a leading new york design house of modern luxury accessories and lifestyle brands . the coach brand was established in new york city in 1941 , and has a rich heritage of pairing exceptional leathers and materials with innovative design . coach , inc. operates in three segments : north...
750
currently , the u.s. government , including the department of defense ( dod ) , is operating under a continuing resolution ( cr ) that provides funding at fiscal year ( fy ) 2012 levels through march 2013. a cr does not generally fund new program starts or new multi-year contracts . a series of crs over the past severa...
review of business groups following is a discussion of the operating results and outlook for each of our business groups . for the aerospace group , results are analyzed with respect to specific lines of products and services , consistent with how the group is managed . for the defense groups , the discussion is based ...
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34 overview we are an international facilities-based technology and communications company focused on providing our business and residential customers with a broad array of integrated services and solutions necessary to fully participate in our rapidly evolving digital world . we believe we are the world 's most inter-...
other consolidated results the following tables summarize our total other expense , net and income tax expense : replace_table_token_8_th _ nm percentages greater than 200 % and comparison between positive and negatives values or to/from zero values are considered not meaningful . interest expense interest expense decr...
752
derivative valuations reflect the value of the instrument including the value associated with any material counterparty risk . economic hedges . in december 2015 , in anticipation of the acquisition of veda group limited ( `` veda `` ) , we purchased foreign currency options to buy australian dollars with a weighted av...
segment financial results u.s. information solutions replace_table_token_12_th u.s. information solutions revenue increased 6 % in 2016 as compared to the prior year . usis realized solid growth from our mortgage business , as well as continued revenue growth in the automotive and financial services verticals . u.s. in...
753
our actual results may differ materially from those discussed in the forward-looking statements as a result of various factors , including those discussed in item 1a . “ risk factors ” and “ forward-looking statements. ” we have acquired and initiated a number of businesses during the periods presented and addressed in...
results of operations the following tables present comparative financial data relating to our operating performance in the aggregate and on a “ same-store ” basis . dealership results are included in same-store comparisons when we have consolidated the acquired entity during the entirety of both periods being compared ...
754
car rental fleet vehicles are depreciated over a period between 12 and 18 months . leasehold improvements and equipment under capital lease are depreciated over the shorter of the term of the lease or the estimated useful life of the asset , not to exceed 40 years . expenditures relating to recurring repair and mainten...
results of operations the following tables present comparative financial data relating to our operating performance in the aggregate and on a “same-store” basis . dealership results are included in same-store comparisons when we have consolidated the acquired entity during the entirety of both periods being compared . ...
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accordingly , temporary impairments are accounted for based upon the classification of the related securities as either available for sale or held to maturity . temporary impairments on available for sale securities are recognized , on a tax-effected basis , through other comprehensive income ( “ oci ” ) with offsettin...
ion and results of operations general this discussion , and other written material , and statements management may make , may contain certain forward-looking statements regarding the company 's prospective performance and strategies within the meaning of section 27a of the securities act of 1933 , as amended , and sect...
756
superannuation is a defined contribution plan in which retirement benefits are determined by the contribution accumulated over the working life plus investment earnings within story_separator_special_tag overview greenhill is a leading independent investment bank that provides financial and strategic advice on signific...
results of operations the following tables set forth data relating to the firm 's sources of revenues : historical revenues by source replace_table_token_5_th advisory revenues historical advisory revenues by client location replace_table_token_6_th 27 historical advisory revenues by industry replace_table_token_7_th w...
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the results for 2018 also included the effect of merger expenses totaling $ 11.8 million ( an after tax impact of $ 0.24 per share ) , which were associated with the acquisition of washingtonfirst bankshares , inc. ( “ washingtonfirst ” ) , compared to $ 1.3 million for 2019 , which are associated with the pending acqu...
summary of loan loss experience the following table presents the activity in the allowance for loan losses for the periods indicated : replace_table_token_14_th 59 analysis of credit risk the following table presents information with respect to non-performing assets and 90-day delinquencies for the years indicated : re...
758
at september 30 , 2019 and september 30 , 2018 , the story_separator_special_tag ( dollars in millions , except per share and per unit amounts ) introduction this section analyzes the financial condition and results of operations of spire inc. ( the “ company ” ) , spire missouri inc. , and spire alabama inc. spire mis...
summary operating results replace_table_token_13_th operating revenues during the year ended september 30 , 2019 increased $ 6.2 from the same period last year . revenues were impacted primarily by the $ 9.4 increase attributable to the new rate design ( net of tcja giveback ) , combined with higher isrs charges of $ 8...
759
the following table summarizes the differences between the statutory u.s. federal and effective income tax rates on continuing operations : replace_table_token_43_th lp and its domestic subsidiaries are subject to u.s. federal income tax as well as income taxes of multiple state jurisdictions . its foreign subsidiaries...
results of operations we reported net loss of $ 75.4 million ( $ ( 0.53 ) per diluted share ) in 2014 , which was comprised of loss from continuing operations of $ 73.4 million ( $ ( 0.52 ) per diluted share ) and a loss from discontinued operations of $ 2.0 million ( $ 0.01 per diluted share ) . this compares to net i...
760
useful life ( in years ) estimated fair value intangible assets : developed technology 7 $ 9,394,000 the following table summarizes the fair value of the assets acquired and liabilities assumed at the date of acquisition ( in thousands ) : estimated fair value current assets $ story_separator_special_tag overview we ar...
results of operations product revenues product revenues consisted of revenues primarily from our celution® and stemsource® cell banks . the following table summarizes the components for the years ended december 31 , 2014 , 2013 and 2012 : replace_table_token_3_th a majority of our product revenue in 2014 was derived fr...
761
in order to comply with the terms of the safe harbor , the company notes that a variety of factors could cause the company 's actual results and experience to differ materially from the anticipated results or expectations expressed in the company 's forward-looking statements . the risks and uncertainties that may affe...
results of operations fiscal year 2015 compared with fiscal year 2014 the table below reflects operating revenues , volume activity and heating degree-days . operating revenues replace_table_token_5_th delivered volumes replace_table_token_6_th total gas utility operating revenues for the year ended september 30 , 2015...
762
cardo medical , llc ( nka tiger x medical , llc ) and arthrex , inc. 2.3 ( 3 ) asset purchase agreement , dated april 4 , 2011 , by and among cardo medical , inc. ( nka tiger x medical , inc. ) , cardo medical , llc ( nka tiger x medical , llc ) and altus partners , llc . 3.1 ( 4 ) amended and restated certificate of i...
overview tiger x medical , inc. ( `` tiger x '' or the `` company '' ) , formerly known as cardo medical , inc. , previously operated as an orthopedic medical device company specializing in designing , developing and marketing high performance reconstructive joint devices and spinal surgical devices . as discussed belo...
763
while we believe these expectations , assumptions , estimates and projections are reasonable , such forward-looking statements are only predictions and involve known and unknown risks , uncertainties and other factors , many of which are outside of our control , which could cause our actual results , performance or ach...
results of operations the following table illustrates our consolidated results of operations from continuing operations for the respective periods shown ( dollars in thousands ) : replace_table_token_3_th year ended december 31 , 2011 compared to the year ended december 31 , 2010 revenue before provision for doubtful a...
764
if we determine that is more likely than not that the fair value of the company is less than its recorded value , then we are required to perform story_separator_special_tag results of operations for the two years ended december 31 , 2016 : story_separator_special_tag style= '' line-height:120 % ; padding-top:10px ; te...
general overview our products are sold primarily into the electronics assembly , dram and flash memory , and semiconductor fabrication capital equipment markets . we sell products in these markets both to original equipment manufacturers ( oems ) of production equipment and to end-user customers that assemble circuit b...
765
the following table displays additional information regarding gross unrealized losses and fair value by major security story_separator_special_tag the following discussion and analysis of our financial condition and results of operations focuses on and is intended to clarify the results of our operations , certain chan...
results of operations the following table sets forth our results of operations as a percentage of net sales during the periods shown ( the table may not foot due to rounding ) : replace_table_token_6_th the following table sets forth our results of operations through income before income taxes for each of our five segm...
766
we bring a depth of expertise in strategy , operations , advisory services , technology and analytics to drive lasting and measurable results in the healthcare , higher education , life sciences and commercial sectors . through focus , passion and collaboration , we provide guidance and services to support organization...
segment results healthcare revenues healthcare segment revenues increased $ 31.1 million , or 7.5 % , to $ 446.9 million for the year ended december 31 , 2015 , from $ 415.8 million for the year ended december 31 , 2014. revenues for 2015 included $ 79.8 million from our acquisition of studer group completed in 2015 , ...
767
additional information related to the term loans is provided in note story_separator_special_tag the following discussion and analysis of financial condition and results of operations is provided to enhance the understanding of , and should be read in conjunction with , part i , item 1 , “ business ” and item 8 , “ fin...
results of operations amounts described as net income and earnings per diluted share in the following discussion are attributable to universal corporation and exclude earnings related to non-controlling interests in subsidiaries . the total for segment operating income referred to in the discussion below is a non-gaap ...
768
pursuant to the license agreement , the company paid $ 750,000 to lilly within 30 days of the execution of the license agreement , which was recorded as research and development expense in the accompanying statements of operations for the year ended december 31 , 2015. upon the company undertaking a nine-month toxicolo...
results of operations comparison of the years ended december 31 , 2016 and 2015 grant revenue the following table summarizes our grant revenue for the years ended december 31 , 2016 and 2015 : year ended december 31 , 2016 2015 ( in thousands ) grant revenue $ 1,153 $ — grant revenue was $ 1.2 million for the year ende...
769
we continue to believe that our strategy of delivering a broad set of financial protection choices to employees while also enabling employers to define their financial contribution in support of those choices should enable us to continue in a leadership position in our markets over the long term a discussion of our ope...
consolidated operating results replace_table_token_7_th n.m. = not a meaningful percentage in describing our results , we may at times note certain items and exclude the impact on financial ratios and metrics to enhance the understanding and comparability of our operational performance and the underlying fundamentals ,...
770
md & a is provided as a supplement to , and should be read in conjunction with , our audited consolidated financial statements and the accompanying notes to consolidated financial statements and other disclosures included in this annual report on form 10-k ( including the disclosures under part i , item 1a , “ risk fac...
results of operations total revenues the following table summarizes the period over period changes in our product sales and royalty , contract and other revenues : replace_table_token_4_th product sales 2017 compared to 2016 total product sales were $ 25.7 billion in 2017 , compared to $ 30.0 billion in 2016 , primaril...
771
we also operate 88 dd 's discounts locations in seven states that feature a more moderately-priced assortment of first-quality , in-season , name brand apparel , accessories , footwear , and home fashions for the entire family at everyday savings of 20 % to 70 % off moderate department and discount store regular prices...
results of operations the following table summarizes the financial results for fiscal 2011 , 2010 , and 2009 : replace_table_token_5_th all share and per share amounts have been adjusted for the two-for-one stock split effective december 15 , 2011. stores . total stores open at the end of fiscal 2011 , 2010 , and 2009 ...
772
the company determines the expected long-term rate of return on plan assets by performing a detailed analysis of historical and expected returns based on the strategic asset allocation approved by the board of directors and the underlying return fundamentals of each asset class . the company 's historical experience wi...
consolidated results of operations replace_table_token_2_th * net of order cancelled after january 31 , 2012 due to technical matters mfri , inc. is engaged in the manufacture and sale of products in three reportable segments : piping systems , filtration products and industrial process cooling . piping systems ' domes...
773
the abatement period ended subsequent to year-end in january 2021. in circumstances where we agreed to a rent deferral that is to be repaid over a period of time , and where the terms of the lease and amounts paid under the lease were substantially the same , we continued to recognize the same amount of gaap lease reve...
results of operations our historical results of operations for the years ended december 31 , 2020 and 2019 , discussed below , include the payment of asset and property management fees that we no longer pay following the internalization , and do not include the full extent of expected direct compensation expense associ...
774
in deciding whether a valuation allowance is necessary , gaap requires us to give significant weight to objective evidence . it is difficult to conclude that sufficient taxable income will be generated when there is significant evidence – such as corcept 's substantial cumulative losses – that future taxable income is ...
results of operations net product revenue – net product revenue is gross product revenue from sales to our customers less deductions for estimated government rebates . for the year ended december 31 , 2017 , we recorded $ 159.2 million in net product revenue , as compared to $ 81.3 million for the year ended december 3...
775
if the asset or liability has a specified ( contractual ) term , a level 2 input must be observable for substantially the full term of the asset or liability . level 2 inputs include the following : ( i ) quoted prices for similar assets or liabilities in active markets ; ( ii ) quoted prices for identical or similar a...
result ing in higher dd & a and loe in 2012. oil , ngl and n atural g as sales oil , ngl and natural gas sales revenues decreased $ 2,650,696 or 6 % for 2012 , as compared to 2011. the decrease was due to lower natural gas prices of 37 % , partially offset by increased oil volumes of 47 % , increased natural gas volume...
776
the application of the lifo inventory method did not result in any lifo charges or credits story_separator_special_tag the following discussion and analysis of our financial condition and results of operations should be read together with our consolidated financial statements and related notes included elsewhere in thi...
results of operations 2020 ( 52 weeks ) compared to 2019 ( 52 weeks ) the following table sets forth amounts and information derived from our consolidated statements of income for the periods indicated as follows ( dollar amounts in thousands ) : replace_table_token_5_th * percentages in table may not sum properly due ...
777
we offer a full suite of products ( heating units , heating cables , tubing bundles and control systems ) and services ( design optimization , engineering , installation and maintenance services ) required to deliver comprehensive solutions to complex projects . we serve our customers through a global network of sales ...
results of operations the following table sets forth data from our statements of operations as a percentage of sales for the periods indicated . replace_table_token_4_th ( 1 ) interest expense in fiscal 2019 and 2018 primarily represents interest expense on the term loan b on outstanding principal balances as of march ...
778
forward looking statements statements included in this management 's discussion and analysis of financial condition and results of operations and elsewhere in this report that do not relate to present or historical conditions are “forward-looking 11 statements” within the meaning of that term in section 27a of the secu...
results of operations investment income our principal investment objective is to achieve long-term capital appreciation on our equity investments while maintaining a current cash flow from our debenture and pass-through equity instruments to fund expenses . therefore , we invest in a variety of financial instruments to...
779
( 2 ) the amounts reported in the “option awards” column reflect the aggregate fair value of share-based compensation awarded during the year computed in accordance with the provisions of asc topic 718. see note 11 to our consolidated audited financial statements regarding assumptions underlying the valuation of equity...
results of operations comparison of years ended december 31 , 2015 and 2016 replace_table_token_16_th 104 revenues revenues , consisting primarily of research premium and grant revenue , increased by $ 2.7 million from $ 3.8 million from the year ended december 31 , 2015 to $ 6.5 million for the year ended december 31 ...
780
9. subsequent events we have received orders from a national fleet for 18 full electric vehicles to be delivered during 2015. we also have orders for 2 e-gen vehicles for the same company , we delivered the first truck on march 24 , 2015 and the second one will be delivered on march 30 , 2015. f- 16 item 9. changes in ...
results of operations our condensed consolidated statement of operations data for the period presented follows : replace_table_token_5_th revenue we generated revenue of $ 177 thousand for year ended december 31 , 2014 for the delivery of an all-electric para-transit 12 passenger bus to barta ( berks county regional tr...
781
revenues and direct expenses of these product lines have been reclassified as discontinued operations for fiscal year 2013. the components included in discontinued operations on the consolidated statements of income are as follows ( in thousands ) : fiscal year ended november 30 , 2013 revenue $ 5,786 income before inc...
results of operations fiscal year 2015 compared to fiscal year 2014 revenue fiscal year ended percentage change ( in thousands ) november 30 , 2015 november 30 , 2014 as reported constant currency revenue $ 377,554 $ 332,533 14 % 21 % total revenue increased $ 45.0 million , or 14 % , in fiscal year 2015 as compared to...
782
the company assesses the carrying amount of goodwill by testing for impairment annually and when impairment indicators arise . the impairment test requires allocating goodwill and all other assets and liabilities to assigned reporting units . as of december 31 , 2017 , apache assesses each country as a reporting unit s...
operational highlights apache 's deliberate focus on strategic testing and targeted development drilling during the price downturn , in addition to the alpine high discovery , significantly impacted results in its permian basin plays , egypt , and the north sea . key operational highlights for the year include : north ...
783
in addition , financial information for the twelve months ended december 31 , 2011 consists of the consolidated results of xylem on a stand-alone basis for the two months of november and december and the combined results of operations of waterco for ten months on a carve-out basis . the twelve months ended december 31 ...
executive summary xylem reported revenue for 2011 of $ 3,803 million , an increase of 18.8 % from $ 3,202 million reported in 2010 , due to broad-based growth across both segments . operating income for the year ended 2011 , excluding costs of $ 87 million incurred to execute the separation from itt , was $ 482 million...
784
( story_separator_special_tag the following is an analysis and discussion of the financial condition and results of operations of home bancorp , inc. ( the “company” ) , and its wholly owned subsidiary , home bank , n.a . ( the “bank” ) . this discussion and analysis should be read in conjunction with our consolidated ...
results of operations the company earned net income of $ 9.9 million in 2014 , an increase of $ 2.6 million compared to the $ 7.3 million earned in 2013 and an increase of $ 682,000 compared to the $ 9.2 million earned in 2012. diluted earnings per share were $ 1.42 , $ 1.06 and $ 1.28 in 2014 , 2013 and 2012 , respect...
785
during the year ended july 31 , story_separator_special_tag special note regarding forward-looking statements this annual report on form 10-k , including the information incorporated by reference herein , contains forward-looking statements within the meaning of section 27a of the securities act , and section 21e of th...
results of operations fiscal 2012 compared to fiscal 2011 revenues the following table sets forth information on revenue by class ( in thousands , except percentages ) : replace_table_token_10_th service revenues . service revenues were $ 757.3 million during fiscal 2012 compared to $ 713.1 million for fiscal 2011 , an...
786
f-10 while some contracts include one or more performance obligations ( including the combined elements noted above along with additional ongoing customer support and other hosted services ) , the revenue recognition pattern generally is not impacted by the separate allocations of these obligations because the services...
results of operations revenue the following table sets forth a year-over-year comparison of our total revenues : replace_table_token_3_th the $ 45.1 million , or 26 % , increase in revenue in 2020 over 2019 was related in part to recognition of twelve full months in sales for the year ended december 31 , 2020 , attribu...
787
cms enterprises , through its subsidiaries and equity investments , is engaged in domestic independent power production , including the development and operation of renewable generation , and the marketing of independent power production . enerbank provides primarily unsecured , fixed-rate installment loans throughout ...
consumers gas utility results of operations presented in the following table are the detailed changes to the gas utility 's net income available to common stockholders for 2020 versus 2019 ( amounts are presented pre-tax , with the exception of income tax changes ) : replace_table_token_11_th 1 deliveries to end-use cu...
788
we are under no obligation to update any of the forward-looking statements after the filing of this annual report to conform such statements to actual results or to changes in our expectations . the following discussion of our financial condition and results of operations should be read in conjunction with our consolid...
results of operations the consolidated financial data for the years ended december 31 , 2018 , 2017 and 2016 is presented in the following table and the results of these periods are used in the discussion thereafter . 63 replace_table_token_3_th comparison of years ended december 31 , 2018 and 2017 revenue revenue prim...
789
as such , the value of such options is periodically remeasured and income or expense is recognized over their vesting story_separator_special_tag financial condition and results of operations . you should read the following discussion and analysis of our financial condition and results of operations together with the s...
results of operations comparison of years ended december 31 , 2016 , and 2015 the following table summarizes our results of operations for the years ended december 31 , 2016 and 2015 , together with the dollar change in those items : replace_table_token_3_th collaboration revenue collaboration revenue for the year ende...
790
sg & a expenses decreased $ 684 million , or 12 % , primarily driven by a reduction in store related expenses and lower marketing expenses . net loss on a gaap basis was $ 163 million , or ( $ 1.06 ) loss per share . on an adjusted non-gaap basis , our net loss was $ 186 million , or ( $ 1.21 ) loss per share . recent ...
results of operations net sales net sales includes revenue from the sale of merchandise , net of expected returns and shipping revenue . comparable sales is a measure that highlights the performance of our stores and digital channel by measuring the change in sales for a period over the comparable , prior-year period o...
791
operating segments in accordance with asc 280 – segment reporting , segment information reported is built on the basis of internal management data used for performance analysis of businesses and for the allocation of resources ( management approach ) . an operating segment is a component of the company for which separa...
results of operations for the years ended december 31 , 2014 , 2015 and 2016 revenue replace_table_token_12_th ( * ) growth at constant currency excludes the impact of foreign currency fluctuations and is computed by applying the average exchange rates for the prior year to the following year figures . 2016 compared to...
792
at december 31 , 2013 and december 31 , 2012 , the unrealized losses included in accumulated other comprehensive income were $ 24.8 million and $ 34.0 million , respectively . the fair value of these interest rate swaps represents the present value of the anticipated net payments the company will make to the counterpar...
results of operations year ended december 31 , 2013 compared to the year ended december 31 , 2012 and the year ended december 31 , 2012 compared to the year ended december 31 , 2011 backlog and net new business we began 2013 with backlog in place at the beginning of the year of $ 8,704 million , which was 9 % higher th...
793
over a four-year period , with 25 % of the shares subject to the option vesting on each anniversary of the grant date story_separator_special_tag story_separator_special_tag state of delaware on september 24 , 2012. since our incorporation , we have devoted most of our efforts towards conducting certain clinical trials...
financial condition and results of operations . you should read the following discussion and analysis in conjunction with part ii , “ item 8. financial statements and supplementary data ” included below in this annual report on form 10-k. operating results are not necessarily indicative of results that may occur in fut...
794
story_separator_special_tag general greene county bancorp , inc. ( the “ company ” ) is the holding company for the bank of greene county ( the “ bank ” ) , which is a community-based bank offering a variety of financial services to meet the needs of the communities it serves . the bank of greene county is a federally ...
summary of significant accounting policies of this report . 41 index unaudited quarterly financial data the following table sets forth a summary of selected financial data at and for the years ended june 30 , 2014 and 2013 and quarter ends within those years . replace_table_token_18_th item
795
the interest rates per annum applicable to loans under the credit agreement will be , at the company 's option , equal to a base rate or an adjusted libo rate plus an applicable margin percentage . the applicable margin percentage for base rate loans is 0.20 % to 0.50 % and for adjusted libo rate loans is 1.20 % to 1.5...
results of operations the following table presents for the periods indicated selected items in the consolidated statements of income as a percentage of the company 's net sales , as well as the basis point change in percentage of net sales from the prior year : replace_table_token_8_th ( 1 ) revenue from retail sales i...
796
this report contains certain statements that may be deemed “forward-looking statements” within the meaning of section 21e of the securities exchange act of 1934 , as amended , and section 27a of the securities act of 1933 , as amended . all statements , other than statements of historical fact , that address activities...
results of operations year ended september 30 , 2009 compared to year ended september 30 , 2008 replace_table_token_8_th 34 index to financial statements consolidated analysis net sales . net sales for the year ended september 30 , 2009 were $ 1,427.9 million compared to $ 1,859.3 million in the prior year . net sales ...
797
hdmc manufactures five families of motorcycles : touring , dyna ® , softail ® , sportster ® and v-rod ® . hdfs provides wholesale and retail financing and insurance programs primarily to harley-davidson dealers and customers . the company operates in two business segments : motorcycles & related products ( motorcycles ...
segment results the following table includes the condensed statement of operations for the motorcycles segment ( in thousands ) : replace_table_token_13_th 30 the following table includes the estimated impact of the significant factors affecting the comparability of net revenue , cost of goods sold and gross profit fro...
798
this resulted in an adjustment to 2018 technology revenue and profit of $ 53.0 million ( $ 47.7 million , net of tax , or $ 0.65 per diluted share ) . the adjustment represents revenue from software license extensions and renewals , which were contracted for in the fourth quarter of 2017 and properly recorded as revenu...
company results revenue for 2019 was $ 2.95 billion compared with $ 2.83 billion for 2018 , an increase of 4.4 % principally due to increases within the company 's u.s. business offset in part by the impact of the $ 53.0 million topic 606 adjustment described above . excluding this adjustment , revenue increased 6.4 % ...
799