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we suspended the equity method of accounting during the quarter ended june 30 , 2011 since the adjusted basis of our investment was zero at june 30 , 2011 and we have no commitments to provide story_separator_special_tag overview the following discussion should be read in conjunction with the audited consolidated finan...
results of operations our results of operations have fluctuated from period to period and may continue to fluctuate in the future , based upon the progress of our research and development efforts and variations in the level of expenses related to developmental efforts during any given period . results of operations for...
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you can identify forward-looking statements because they contain words such as “ believes , ” “ expects , ” “ may , ” “ should , ” “ seeks , ” “ approximately , ” “ intends , ” “ plans , ” “ estimates , ” “ anticipates ” or similar expressions that relate to our strategy , plans or intentions . all statements we make r...
executive summary we were formed in march 2008 to pursue the acquisitions of crude oil refineries and downstream assets in north america . as of december 31 , 2019 , we owned and operated five domestic oil refineries and related assets located in delaware city , delaware , paulsboro , new jersey , toledo , ohio , chalm...
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as of december 31 , 2018 , that collateral consisted of fixed income securities included in our total investment portfolio , and cash and cash equivalents , with a total fair value of $ 168.9 million . unrealized investment losses tables 5.4a and 5.4b below summarize , for all available-for-sale investments in an unrea...
balance sheet review shareholders ' equity replace_table_token_40_th the increase in shareholders ' equity was due to net income during 2018 , offset in part by a decrease in the fair value of our investment portfolio and the repurchase of shares of our common stock . total assets and total liabilities as of december 3...
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in this discussion and analysis , we discuss and explain the consolidated financial condition and results of operations for the years ended december 31 , 2013 , 2012 and 2011 , including the following topics : an overview of our business , including the acquisition of sealy corporation and its subsidiaries ( “ sealy ” ...
tempur international segment summary replace_table_token_14_th year ended december 31 , 2013 compared to year ended december 31 , 2012 tempur international net sales remained flat . on a constant currency basis ( 1 ) , our tempur international net sales increased approximately 1.0 % . retail channel net sales decreased...
803
we design and manufacture a broad variety of railcar types for transportation of bulk commodities and containerized freight products primarily in north america . we rebuild railcars and sell forged , cast and fabricated parts for all of the railcars we produce , as well as those manufactured by others . between novembe...
results of operations year ended december 31 , 2016 compared to year ended december 31 , 2015 revenues our consolidated revenues for the year ended december 31 , 2016 were $ 523.7 million compared to $ 772.9 million for the year ended december 31 , 2015. manufacturing segment revenues for the year ended december 31 , 2...
804
subsequent increases and decreases , if not an other-than-temporary impairment , in the fair value of available-for-sale securities that were previously impaired , are recorded in other comprehensive income ( loss ) . ( g ) other investments other investments primarily consist of limited partnership interests carried o...
results of operations results of operations for the year ended december 31 , 2017 compared to the year ended december 31 , 2016 information by business segment for the periods indicated is as follows ( in thousands ) : replace_table_token_12_th replace_table_token_13_th premiums earned in 2017 , premiums earned increas...
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201 9 201 8 expected volatility - - expected dividend yield - - expected term ( in years ) - - risk-free rate - - the following is a summary of activity under the plans as of november 30 , 2019 and 2018 , and changes during the years then ended : replace_table_token_18_th replace_table_token_19_th no options were grant...
results of operations – continuing operations fiscal year ended november 30 , 201 9 compared to fiscal year ended november 30 , 201 8 our consolidated net sales for continuing operations totaled $ 22,889,000 for the 2019 fiscal year , which represents a 16.0 % increase from our consolidated net sales of $ 19,727,000 fo...
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revenue with respect to remaining performance obligations related to capital equipment-related service agreements with original terms in excess of one year and the upfront payments discussed under the heading “ contract balances ” above amounted to approximately $ 1.1 million at december 31 , 2019. the company expects ...
results of operations comparison of the year ended december 31 , 2019 to the year ended december 31 , 2018 replace_table_token_1_th 44 revenue . total revenues were approximately $ 11.2 million and $ 7.4 million for the years ended december 31 , 2019 and 2018 , respectively . functional neurosurgery revenue , which con...
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we monitor production reports by the oil and gas companies to assure that we are being paid the appropriate royalties . we review conditions in the agricultural industry in the areas in which our lands are located and seek to keep as much of our lands as possible under lease to local ranchers at competitive rates . in ...
results of operations the trust 's primary sources of income are revenue derived from sales of land , either for cash or a combination of cash and mortgage notes , and revenue derived from the trust 's land and mineral interests . 2013 compared to 2012 total operating and investing revenues in 2013 aggregated $ 44,121,...
808
additionally we capitalize personnel expenses attributable to the development of internal-use software , which include stock-based compensation costs . we recognize share-based award forfeitures as they occur . prior to the offering reorganization on june 3 , 2015 , stock-based awards were granted in the stock of the c...
review of consolidated financial condition liquidity and capital resources the financial statements of evolent health , inc. include the consolidated results and cash flows of evolent health llc for the twelve months ended december 31 , 2017 and 2016. as noted in “ results of operations ” above , evolent health , inc. ...
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the company records this initial payment , commonly referred to as set-up fees , as a deferred income liability which amortizes into rental revenue over the term of the related lease story_separator_special_tag the following discussion and analysis covers the financial condition and results of operations of our predece...
results of operations year ended december 31 , 2013 compared to year ended december 31 , 2012 the following data for the year ended december 31 , 2013 , includes financial data on a combined basis for both our predecessor and successor together with its consolidated subsidiaries after giving effect to the formation tra...
810
in addition , mrec agreed that , after giving effect to their payment to us of $ 161,573 towards the $ 280,000 minimum royalty due covering the first 12-month royalty period , the balance due to us in order to maintain exclusivity was $ 118,427 . in addition , on august 16 , 2017 , the company entered into an amendment...
overview we develop , sell and support use of force training and marksmanship firearms training systems and accessories for law enforcement , military or civilian use . our simulators use software , hardware and content to create uniquely effective and realistic training that does not require live ammunition or less-th...
811
6. stockholders ' equity 2014 equity incentive plan in july 2014 , the company 's board of directors approved the 2014 equity incentive plan ( “2014 plan” ) . the 2014 plan became story_separator_special_tag the following discussion and analysis of our financial condition and results of operations together with the sec...
results of operations replace_table_token_5_th comparison of years ended december 31 , 2016 and 2015 revenue revenue increased $ 17.1 million , or 28 % , to $ 78.7 million during the year ended december 31 , 2016 , compared to $ 61.6 million during the year ended december 31 , 2015. the growth in revenue was attributab...
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risk factors , ” “item 6. selected financial data” and the consolidated financial statements and related notes included elsewhere in this annual report on form 10-k. business overview as a global business , ametek 's operations are affected by global , regional and industry economic factors . however , the company 's s...
results of operations in 2011 , the company established records for sales , operating income , operating income margins , net income , diluted earnings per share and operating cash flow . the company achieved these results from strong internal growth in both eig and emg , as well as contributions from acquisitions comp...
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jdsu test and measurement solutions help accelerate the deployment of new services , lower operating expenses , reduce customer turnover , and increase productivity across each critical phase of the network lifecycle , including research and development , production , deployment , and cem . jdsu enables the effective m...
results of operations the following table sets forth the components of our consolidated statements of operations as a percentage of net revenue : replace_table_token_5_th 44 financial data for fiscal 2011 , 2010 , and 2009 the following table summarizes selected consolidated statement of operations items ( in millions ...
814
during 2010 , the company recorded a net gain of $ 18 for asset impairments and sales including a gain of $ 14 from sales story_separator_special_tag ( in millions , except per share , average settlement cost per asbestos claim , employee , shareholder and statistical data ; per share earnings are quoted as diluted ) i...
results of operations the foreign currency translation impacts referred to below were primarily due to changes in the euro and pound sterling in the company 's european segments , the canadian dollar in the company 's americas segments and the chinese renminbi and thai baht in the company 's asian businesses included i...
815
the following discussion should be read in conjunction with the accompanying consolidated financial statements and notes to the consolidated financial statements , which are prepared in accordance with accounting principles generally accepted in the united states of america ( “ us gaap ” ) . investors are cautioned tha...
consolidated results - year ended december 31 , 2010 compared with year ended december 31 , 2009 during 2010 the global economy gradually began to recover from the challenging economic environment we experienced during the second half of 2008 and throughout 2009. net sales increased in 2010 from 2009 primarily due to i...
816
we serve a wide array of consumer groups from coast to coast , including entry-level , move-up , and active adult buyers , building single and multi-family attached and detached homes . our homebuilding company operates under our taylor morrison and darling homes , and our recently acquired william lyon signature , bra...
factors affecting comparability of results for the year ended december 31 , 2020 , we recognized $ 127.2 million of costs relating to our acquisition of wlh . for the year ended december 31 , 2019 , we recognized aggregate costs of $ 10.7 million relating to our acquisitions of wlh and av homes . for the year ended dec...
817
- 70 - our purchase and contribution agreements with hfc with respect to the intermediate pipelines acquired in 2005 and the crude pipelines and tankage assets acquired in 2008 , restrict us from selling these pipelines and terminals acquired from hfc . under these agreements , we are restricted from prepaying borrowin...
summary net income attributable to hep for the year ended december 31 , 2013 was $ 79.4 million , a $ 14.7 million decrease compared to the year ended december 31 , 2012 . this decrease in earnings is due principally to increased operating costs and expenses , including higher depreciation resulting from asset abandonm...
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million . a large portion of this increase was in digital marketing , which is one of our highest return investments in brand marketing support . in 2013 , due to the low interest rate environment , retirement benefit expense is expected to increase by $ 22 million . about 60 % of this increase is expected to impact sg...
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 conjun...
819
the company is continuing its evaluation , which may identify additional impacts this standard will have on its consolidated financial statements and related disclosures . f-11 in july 2018 , the fasb issued asu 2018-11 , leases – targeted improvements ( “ asu 2018-11 ” ) , which provides entities with relief from the ...
results of operations for the years ended december 31 , 2018 , 2017 and 2016 the year ended december 31 , 2018 as compared to the year ended december 31 , 2017 the following table sets forth a summary of our operating results for the years ended december 31 , 2018 and 2017 ( in thousands ) : replace_table_token_11_th t...
820
if such financing is not met , msk will have the right to terminate the original msk license agreement with prior written notice , unless the company manages to overcome the shortfall during the term of the notice period . as part of the consideration for the rights , privileges and licenses granted under the original ...
results of operations for the years ended december 31 , 2018 and 2017 the following table summarizes our results of operations for the years ended december 31 , 2018 and 2017 : replace_table_token_1_th for the year ended december 31 , 2018 , our net loss was $ 27.7 million compared with a net loss of $ 23.8 million for...
821
long-lived asset impairments we evaluate long-lived assets and investments for impairment whenever events or changes in circumstances indicate that our carrying amount of an asset or investment may not be story_separator_special_tag the following discussion and analysis should be read in conjunction with our consolidat...
consolidated earnings results in the results of operations table below and in the business segment tables that follow , segment ebda before certain items is calculated by adjusting the segment earnings before dd & a for the applicable certain item amounts in the footnotes to those tables . in general , interest expense...
822
significant judgment is required in evaluating the company 's uncertain tax positions and determining the company 's income story_separator_special_tag the following discussion and analysis of our financial condition and results of operations should be read in conjunction with “ item 6 - selected financial data ” and w...
segment results . the following table sets forth our revenue and operating profit for each of our segments for the period presented ( in thousands ) : replace_table_token_15_th franchise segment . franchise segment revenue was $ 106.3 million in fiscal year 2018 , an increase of $ 10.1 million , or 10.5 % , from $ 96.3...
823
our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors , including those set forth under “ risk factors ” and elsewhere in this annual report . we assume no obligation to update forward-looking statements or the risk factors . you should read...
results of operations our consolidated statements of operations for the fiscal years ended june 30 , 2019 and 2018 , along with the changes between years , are presented below ( in thousands ) : replace_table_token_3_th revenue as a clinical stage company , we did not generate any revenue for the fiscal years ended jun...
824
” the various sections of this md & a contain a number of forward-looking statements , all of which are based on our current expectations and could be affected by the uncertainties and risk factors described throughout this filing , including part i , “ item 1a : risk factors. ” our actual results may differ materially...
results of operations the following tables summarize the results of our operations for fiscal years 2013 , 2012 and 2011 : replace_table_token_4_th -28- fiscal year 2013 compared to fiscal year 2012 revenues . revenues for fiscal year 2013 increased 2.6 % as compared to fiscal year 2012 , due to a 13.0 % increase in co...
825
a liability for uncertain tax positions is recorded when it is more story_separator_special_tag condition and results of operations overview independence holding company , a delaware corporation ( nyse : ihc ) , is a holding company principally engaged in the life and health insurance business through : ( i ) its insur...
results of operations results of operations for the year ended december 31 , 2019 compared to the year ended december 31 , 2018 information by business segment for the periods indicated is as follows ( in thousands ) : replace_table_token_10_th replace_table_token_11_th premiums earned in 2019 , premiums earned increas...
826
the drivetrain segment 's products include transmission systems , torque transfer systems and rotating electrical components . proposed acquisition of delphi technologies plc on january 28 , 2020 , the company entered into a definitive agreement to acquire delphi technologies plc ( “ delphi technologies ” ) in an all-s...
results of operations a detailed comparison of the company 's 2017 operating results to its 2018 operating results can be found in the management 's discussion and analysis of financial condition and results of operations section in the company 's 2018 annual report on form 10-k filed february 19 , 2019. a summary of o...
827
the expected risk-free interest rates are based on the yields of u.s. treasury securities with maturities appropriate for the expected term of the stock options . the expected dividend yield was based on the calculated yield on our common stock at the time of grant assuming annual dividends totaling $ 0.36 per share . ...
results of operations the following table sets forth our consolidated statement of operations data for each of the periods presented : replace_table_token_15_th 43 years ended december 31 , 2015 and 2014 revenue replace_table_token_16_th travel network —revenue increased $ 248 million , or 13 % , for the year ended dec...
828
we generate revenue and cash primarily through the design , manufacture , sale and service of a diverse portfolio of industrial and commercial products that include well-recognized , premium brand names such as ingersoll-rand ® , trane ® , thermo king ® , american standard ® and club car ® . to achieve our mission of b...
review of business segments the segment discussions that follow describe the significant factors contributing to the changes in results for each segment included in continuing operations . segment operating income is the measure of profit and loss that our chief operating decision maker uses to evaluate the financial p...
829
the cost of the machine was approximately $ 12,000 and is included in office furniture and equipment category in the table above . the lease payments commenced when the machine was placed in service in january 2016. the machine is being amortized over the life of the lease , which is for a three-year term and includes ...
results of operations comparison of year ended 2016 to 2015 collaboration revenue . we have recorded $ 1,911,424 and $ 648,382 of collaboration revenue in the year ended december 31 , 2016 and december 31 , 2015 , respectively , related to an award agreement we entered into in fiscal 2015 with the cfft , pursuant to wh...
830
in addition , the number of shares of common stock available for issuance under the 2013 plan will be annually increased on the first day of each fiscal year during the term of the 2013 plan , beginning with the 2014 fiscal year , by an amount equal to the least of : ( i ) 300,000 shares ; ( ii ) story_separator_specia...
results of operations comparison of years ended december 31 , 2015 and 2014 the following table summarizes the results of our operations for the fiscal years ended december 31 , 2015 and 2014 : replace_table_token_8_th research and development expenses . research and development expenses for the year ended december 31 ...
831
and consolidated financial conditions as of december 31 , 2020 , and 2019 should be read in conjunction with our consolidated financial statements and the related notes included elsewhere in this document . overview we are a major grower and seller of yew trees and manufacturer of products made from yew trees , we also...
results of operations the following tables set forth key components of our results of operations for the periods indicated , in dollars . the discussion following the table is based on these results : replace_table_token_1_th 32 year ended december 31 , 2020 compared to year ended december 31 , 2019 revenues for the ye...
832
this story_separator_special_tag you should read the following discussion together with “ selected financial data ” and our consolidated financial statements and the related notes included elsewhere in this annual report on form 10-k. this discussion contains forward-looking statements , which involve risks and uncerta...
results of operations the following table sets forth , as a percentage of consolidated operating revenues , our consolidated statement of income for the periods indicated : replace_table_token_6_th management 's discussion of the results of operations for the years ended december 31 , 2018 , 2017 , and 2016 the company...
833
our insurance subsidiaries , atlantic states insurance company ( “ atlantic states ” ) , southern insurance company of virginia ( “ southern ” ) , the peninsula insurance company and peninsula indemnity company ( collectively , “ peninsula ” ) , and michigan insurance company ( “ mico ” ) and their affiliates write per...
results of operations year ended december 31 , 2020 compared to year ended december 31 , 2019 net premiums earned our insurance subsidiaries ' net premiums earned decreased to $ 742.0 million for 2020 , a decrease of $ 14.1 million , or 1.9 % , compared to 2019 , primarily reflecting decreases in personal lines premium...
834
in november 2016 , the fasb issued asu 2016-18 - statement of cash flows ( topic 230 ) : restricted cash ( a consensus of the fasb emerging issues task force ) . the amendments in this update apply to all entities that have restricted cash or restricted cash equivalents and are required to present a statement of cash f...
executive summary net income for the year ended december 31 , 2016 was $ 31.2 million , compared to $ 10.9 million in 2015 and $ 16.7 million in 2014 , representing earnings per diluted common share of $ 1.71 , $ 0.61 and $ 1.35 , respectively . the increase in earnings during 2016 was driven by a decrease in the provi...
835
you should read this discussion and analysis along with our consolidated financial statements and related notes thereto at april 28 , 2017 and april 29 , 2016 and for each of the three fiscal years ended april 28 , 2017 ( fiscal year 2017 ) , april 29 , 2016 ( fiscal year 2016 ) , and april 24 , 2015 ( fiscal year 2015...
summary of cash flows replace_table_token_18_th operating activities the $ 1.7 billion increase in net cash provided by operating activities in fiscal year 2017 as compared to fiscal year 2016 was primarily attributable to an increase in accounts receivable collections , as well as a decrease in cash paid for income ta...
836
2016-20 in march 2016 , april 2016 , may 2016 , and december 2016 , respectively , to help provide interpretive clarifications on the new guidance in asc topic 606. autodesk currently plans to adopt asu 2014-09 as of february 1 , 2018 , using the modified retrospective transition method . in terms of autodesk 's evalua...
results of operations replace_table_token_8_th ( 1 ) prior periods have been adjusted to conform with current period 's presentation . fiscal 2017 net revenue compared to fiscal 2016 net revenue subscription revenue our subscription revenue consists of three components : ( 1 ) maintenance plan revenue from our perpetua...
837
any fees received at the time of sale or syndication are recognized as part of investment income . asset management fees are recognized story_separator_special_tag overview sl green realty corp. , which is referred to as sl green or the company , a maryland corporation , and sl green operating partnership , l.p. , whic...
results of operations comparison of the year ended december 31 , 2015 to the year ended december 31 , 2014 the following comparison for the year ended december 31 , 2015 , or 2015 , to the year ended december 31 , 2014 , or 2014 , makes reference to the following : ( i ) the effect of the “ same-store properties , ” wh...
838
while the traditional focus of our cutting-edge technology has been on the e & p industry , we are now broadening and diversifying our business into relevant adjacent markets such as offshore logistics , military and marine robotics . leveraging innovative technologies , we create value through data capture , analysis ...
results of operations year ended december 31 , 2017 ( as adjusted ) compared to year ended december 31 , 2016 ( as adjusted ) our total net revenues of $ 197.6 million for 2017 increased $ 24.8 million , or 14 % , compared to total net revenues of $ 172.8 million for 2016. our overall gross profit percentage for 2017 w...
839
this discussion contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from historical results or anticipated results including those set forth in item 1a . “ risk factors ” of this report . see the discussion of forward-looking statements on page 1...
results of operations years ended december 31 , 2012 and 2011 total revenue increased 14 % to $ 115.7 million in 2012 from $ 101.6 million in 2011. pc postage revenue , including service revenue , product revenue and insurance revenue , in 2012 was $ 110.0 million , an increase of 18 % compared to $ 93.3 million in 201...
840
the following management 's discussion and analysis of financial condition and results of operations ( “ md & a ” ) is designed to provide the reader with information that will assist in understanding the company 's consolidated financial statements , the changes in certain key items in those financial statements from ...
generally accepted accounting principles ( gaap ) dictates annual and interim reporting standards for an enterprise 's operating segments and related disclosures about its products , services , geographic areas and major customers . within u.s. gaap , an operating segment is defined as a component of an enterprise that...
841
this discussion and analysis should be read together with the consolidated financial statements and related notes that are included elsewhere in this annual report . in addition to historical financial analysis , this discussion and analysis contains forward-looking statements based upon current expectations that invol...
results of operations comparison of fiscal year ended december 31 , 2020 to fiscal year ended december 31 , 2019 the net loss in 2020 of $ 51.6 million compared with the net loss in 2019 of $ 103.3 million was impacted by a large , one-time stock-based compensation charge of $ 33.2 million related to the company 's ceo...
842
up to $ 1,500,000 of such loans may be convertible into warrants of the post-business combination entity at a price of $ 0.50 per warrant at the option of the lender . the warrants would be identical to the private placement warrants . the terms of such loans by our officers and directors , if any , have not been deter...
results of operations for the period from may 19 , 2015 ( inception ) through december 31 , 2015 our activities consisted of formation and preparation for our initial public offering and , subsequent to our initial public offering , locating and evaluating a suitable initial business combination candidate . as such , w...
843
the addition of both of these programs combined with its existing products will bolster the bank 's commitment to continue to serve the communities that it has supported over the past almost sixty years . continue to increase core deposits , with an emphasis on low cost commercial demand deposits , and add non-core fun...
financial condition and results of operations . general this section is intended to help investors understand the consolidated financial performance of pdl community bancorp through a discussion of the factors affecting our financial condition at december 31 , 2018 and 2017 and our results of operation for the years en...
844
factors that could cause or contribute to those differences include , but are not limited to , those identified below and those discussed in the sections titled “ risk factors ” and `` special note regarding forward-looking statements '' included elsewhere in this annual report on form 10-k. a discussion regarding our ...
results of operations the following tables set forth our consolidated results of operations data and such data as a percentage of total revenue for each of the periods indicated : replace_table_token_17_th ( 1 ) includes stock-based compensation expense , as follows : replace_table_token_18_th 70 ( 2 ) includes tender ...
845
as we adopted this new guidance beginning with our interim financial statements for the three months ended march 31 , 2013 , all years presented are comparable . see note 12 for our disclosures . in april 2014 , the fasb issued asu 2014-08 , reporting discontinued operations and disclosures of disposals of components o...
discussion of operating segment results the company manages its business based upon products and service offerings . at december 31 , 2012 , we operated four business segments : wireline , it services and hardware , wireless and data center colocation . effective january 24 , 2013 , the date of the cyrusone ipo , we no...
846
we serve our customers through a global network of sales and service professionals and distributors in more than 30 countries and through our ten manufacturing facilities on three continents . these global capabilities and longstanding relationships with some of the largest multinational oil & gas , chemical processing...
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 ) other expense in fiscal 2018 includes a foreign currency transaction loss of $ 3.3 million in connection with the option contract entered into t...
847
factors that could cause or contribute to such differences include , but are not limited to , those discussed in “ risk factors ” of this annual report on form 10-k. on march 3 , 2015 , we announced our financial results for the year ended december 31 , 2014 which included our preliminary condensed consolidated balance...
results of operations the following table presents certain consolidated statements of operations data for the periods indicated as a percentage of total revenue : replace_table_token_6_th revenue ( in thousands , except percentages ) 2014 % change 2013 to 2014 2013 % change 2012 to 2013 2012 total revenue $ 306,177 8 %...
848
our members provide retail electric service to suburban and rural residences , farms and ranches , cities , towns and suburban communities , as well as large and small businesses and industries . as of december 31 , 2017 , our members served approximately 615,000 retail electric meters over a 200,000 square‑mile area ....
results of operations general our electric sales revenues are derived from electric power sales to our members and non‑member purchasers . see “ —factors affecting results – rates and regulation ” for a description of our energy and demand rates to our members . long‑term contract sales to non‑members generally include...
849
transaction price is influenced by factors such as seasonality , the average length of the contract term , and the ability of the company to continue to enter multi-year non-cancellable contracts story_separator_special_tag the following management 's discussion and analysis is intended to provide a summary of the prin...
quarterly results the following tables set forth selected unaudited quarterly consolidated financial data for the fiscal years ended august 31 , 2020 and 2019. the quarterly consolidated financial data reflects , in the opinion of management , all normal and recurring adjustments necessary to fairly present the results...
850
our products include monitoring instrumentation for marine and environmental applications , harsh environment interconnects , electronic test and measurement equipment , digital imaging sensors and cameras , aircraft information management systems , and defense electronics and satellite communication subsystems . we al...
results of operations 2016 2015 % change ( in millions ) instrumentation $ 109.8 $ 171.0 ( 35.8 ) % digital imaging 45.9 40.0 14.8 % aerospace and defense electronics 112.1 84.8 32.2 % engineered systems 32.1 26.1 23.0 % corporate expense ( 46.1 ) ( 40.2 ) 14.7 % operating income 253.8 281.7 ( 9.9 ) % interest and debt...
851
estimated future direct warranty costs are accrued and charged to cost of sales in the period story_separator_special_tag you should read the following in conjunction with the sections of this annual report on form 10-k entitled `` risk factors , '' `` cautionary note concerning forward-looking statements , '' `` selec...
results of operations net new home orders replace_table_token_8_th ( 1 ) monthly sales absorption represents the number of net new home orders divided by the number of average selling communities for the period . net new home orders for the year ended december 31 , 2020 increased 53 % as compared to prior year , driven...
852
consistent with current gaap , the recognition , measurement , and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as story_separator_special_tag you should read the following discussion of our financial condition and results of operations in conjunct...
results of operations the following table presents a comparison of the consolidated statements of operations for the years ended december 31 , 2015 and 2014 , respectively . replace_table_token_26_th ( 1 ) excludes the undeveloped land parcels and riversedge north , our corporate headquarters , and the redevelopment pr...
853
while the company utilizes a number of different methodologies to estimate the accruals , all of the methodologies take into account sales levels to distributors during the relevant period , inventory levels at the distributors , current and projected market trends and conditions , recent and historical activity under ...
results of operations statement of operations ' captions as a percentage of net revenues and the effective tax rates were as follows : replace_table_token_9_th net revenues net revenues were as follows ( dollars in thousands ) : replace_table_token_10_th changes in net revenues were attributable to the following : repl...
854
years for retransmission agreements ; 9.6 years for advertising client relationships ; and 16.9 years for income leases . goodwill is calculated as the excess of the consideration transferred over the fair value of the identifiable net assets acquired and liabilities assumed , and represents the future economic story_s...
results of operations year ended december 31 , 2015 ( “ 2015 ” ) compared to year ended december 31 , 2014 ( “ 2014 ” ) revenue total revenue increased $ 89.2 million , or 18 % , to $ 597.4 million for 2015 compared to 2014. local advertising revenue increased approximately $ 62.4 million , or 25 % , to $ 308.2 million...
855
if the fair value is less than the carrying value , then a second step is performed in order to measure the amount of the impairment loss , if any , which is based on comparing the implied fair value of the reporting unit 's goodwill to the fair value of the net assets of the reporting unit . 117 gfi group inc. and sub...
results of segment operations based on the nature of our operations , products and services in each geographic region , we determined that we have four reportable segments : ( i ) americas brokerage , ( ii ) europe , middle east and africa ( `` emea '' ) brokerage , ( iii ) asia brokerage and ( iv ) clearing and backed...
856
additionally , the asu clarifies that 1 ) an entity should not split a sales-based or usage-based royalty into a portion subject to the guidance on sales-based and usage-based royalties and a portion that is not subject to that guidance ; and 2 ) the guidance on sales-based and usage-based royalties applies whenever th...
segment operating results the company has two operating segments , which consist of cloud telecommunications and web services . the information below is organized in accordance with our two reportable segments . segment operating income ( loss ) is equal to segment net revenue less segment cost of service revenue , cos...
857
this annual report on form 10-k and certain information incorporated herein by reference contain forward-looking statements within the “safe harbor” provisions of the private securities litigation reform act of 1995. all statements contained in this annual report on form 10-k , other than statements that are purely his...
results of consolidated operations manitex international , inc. ( thousands of dollars , except share data ) replace_table_token_6_th year ended december 31 , 2012 compared to year ended december 31 , 2011 financial results include the results for cvs ferrari , srl ( our italian subsidiary ) from the date the company w...
858
f- 17 accounts payable and accrued liabilities accounts payable and accrued liabilities are comprised of the following : replace_table_token_10_th accrued compensation accrued compensation is comprised of the following : replace_table_token_11_th other long-term liabilities other long-term liabilities are comprised of ...
general and administrative our general and administrative expenses increased by $ 9.0 million , from $ 9.7 million in the year ended july 31 , 2017 to $ 18.7 million in the year ended july 31 , 2018. this increase was largely due to increases of : ( i ) $ 4.1 million in stock-based compensation expense primarily relate...
859
such statements relate to our intent , belief or current expectations primarily with respect to our future operating , financial and strategic performance . any such forward-looking statements are not guarantees of future performance and may involve risks and uncertainties . actual results may differ from those contain...
consolidated results of operations analysis of consolidated statements of operations the following selected data from our audited consolidated statements of operations and other supplementary data should be referred to while reading the results of operations discussion that follows ( dollars in thousands ) : replace_ta...
860
the implied fair value of goodwill is then compared with the carrying amount of goodwill to determine if an impairment loss is necessary . see note 5. advertising we expense production and other costs of advertising as incurred as a component of selling , general and administrative expense . additionally , manufacturer...
results of continuing operations for the year ended december 31 , 2013 , we reported income from continuing operations , net of tax , of $ 105.2 million , or $ 4.02 per diluted share . for the years ended december 31 , 2012 and 2011 , we reported income from continuing operations , net of tax , of $ 79.4 million , or $...
861
51 item 12 : security ownership of certain beneficial owners and management and related stockholder matters the following table sets 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 prov...
executive summary our sales of $ 253.8 million in fiscal year 2011 increased by 27.2 percent as compared to sales of $ 199.6 million in fiscal year 2010. this increase in sales was primarily driven by new customer programs for both longstanding and new customers , partially offset by an unfavorable macroeconomic enviro...
862
fair value measurements – fair value is defined as the amount that would be received for the sale of an asset or paid for the transfer of a liability in an orderly transaction between unrelated third party market participants at the measurement date . in determination of fair value measurements for assets and liabiliti...
results of operations our revenue is comprised of services revenue and the sale of engineered modular solutions . we generally recognize service revenue as soon as the services are performed . the majority of our engineering services have historically been provided through time-and-material contracts whereas a majority...
863
our multi-channel distribution model is diversified and includes substantial international and factory businesses , which reduces our reliance upon our full-price u.s. business . with an essentially debt-free balance sheet and significant cash position , we have a business model that generates significant cash flow and...
executive overview coach is a leading american marketer of fine accessories and gifts for women and men . our product offerings include women 's and men 's bags , accessories , business cases , footwear , wearables , jewelry , sunwear , travel bags , watches and fragrance . coach operates in two segments : direct-to-co...
864
2017-11 , `` earnings per share ( topic 260 ) ; distinguishing liabilities from equity ( topic 480 ) ; derivatives and hedging ( topic 815 ) : ( part i ) accounting for certain financial instruments with down round features , ( part ii ) replacement of the indefinite deferral for mandatorily redeemable financial instru...
results of operations comparison of the years ended december 31 , 2017 and 2016 the following table summarizes the company 's results of operations with respect to the items set forth in such table for the years ended december 31 , 2017 and 2016 together with the change in such items in dollars and as a percentage : re...
865
these subsidiaries provide wireless personal communications services ( as a sprint pcs affiliate ) , local exchange telephone services , video , internet and data services , long distance services , fiber optics facilities and leased tower facilities . we have three reportable segments , which we operate and manage as ...
consolidated results the company 's consolidated results from continuing operations for the years ended december 31 , 2015 and 2014 are summarized as follows : replace_table_token_16_th operating revenues operating revenues increased $ 15.5 million , or 4.8 % . cable segment revenue grew $ 13.1 million , primarily as a...
866
these statements include , among other things , statements concerning our expectations regarding : continued growth and market share gains ; variability in sales in certain product categories from year to year and between quarters ; expected impact of sales of certain products and services ; the impact of macro-economi...
financial highlights we recorded total revenue of $ 1.49 billion in 2017 , an increase of 17 % compared to $ 1.28 billion in 2016 . product revenue was $ 577.2 million in 2017 , an increase of 5 % compared to $ 548.1 million in 2016 . service revenue was $ 917.8 million in 2017 , an increase of 26 % compared to $ 727.3...
867
statements that are not historical facts , without limitation , including statements that use terms such as `` anticipates , '' `` believes , '' `` expects , '' `` estimates , '' `` intends , '' `` may , '' `` plans , '' `` potential , '' `` projects , '' and `` will '' and that relate to our future revenues , expendit...
results of operations by reportable segment design and consulting services replace_table_token_24_th the following table presents the percentage relationship of certain items to revenue : replace_table_token_25_th revenue revenue for our dcs segment for the year ended september 30 , 2016 decreased $ 307.1 million , or ...
868
altisource entered into an agreement with ocwen on april 12 , 2013 to establish additional terms related to our services in connection with the rescap fee-based businesses ( see note 5 ) . correspondent one and hlss in july 2011 , we acquired an equity interest in correspondent one s.a. ( “ correspondent one story_sepa...
segment results of operations the following section provides a discussion of results of operations of our business segments . transactions between segments are accounted for as third party arrangements for purposes of presenting segment results of operations . intercompany transactions primarily consist of it infrastru...
869
in some cases , forward-looking statements can be identified by terminology such as “may , ” “will , ” “should , ” “could , ” “would , ” “expect , ” “plan , ” “anticipate , ” “believe , ” “estimate , ” “continue , ” “project , ” or the negative of such terms or other similar expressions . these forward-looking statemen...
results of operations sales and profitability for the years ended december 31 , 2013 and 2012 : replace_table_token_3_th 25 current economic conditions the company 's business is impacted by general economic conditions in the u.s. and international markets , particularly the u.s. retail markets including hardware store...
870
2018 - 19 , 2019 - 04 , 2019 - 05 and 2019 story_separator_special_tag you should read the following discussion in conjunction with the section titled `` selected consolidated financial data '' and our consolidated financial statements and the related notes included elsewhere in this annual report on form 10-k. you sho...
results of operations the following table sets forth selected consolidated statements of operations data for each of the periods presented as a percentage of revenues : replace_table_token_3_th comparison of years ended december 31 , 2020 and 2019 revenues year ended december 31 , change 2020 2019 $ % ( in thousands , ...
871
you can identify these forward-looking statements by words such as “ may , ” “ will , ” “ would , ” “ should , ” “ could , ” “ expect , ” “ anticipate , ” “ believe , ” “ estimate , ” “ intend , ” “ plan ” and other similar expressions . these forward-looking statements involve risks and uncertainties that could cause ...
results of operations summary of net revenues we generate two types of net revenues : net transaction revenues and marketing services and other revenues . our net transaction revenues are derived principally from listing fees and final value fees ( which are fees payable on transactions closed on our marketplaces platf...
872
these complementary segments provide different services and products and utilize different technologies for improving reservoir performance and increasing oil and gas recovery from new and existing fields : reservoir description : encompasses the characterization of petroleum reservoir rock , fluid and gas samples to i...
results of operations operating results for the year ended december 31 , 2018 compared to the years ended december 31 , 2017 and 2016 we evaluate our operating results by analyzing revenue , operating income and operating income margin ( defined as operating income divided by total revenue ) . since we have a relativel...
873
our financial condition and results of operations should be read together with “ selected financial data ” and td group 's consolidated financial statements and the related notes included elsewhere in this report . the following discussion may contain predictions , estimates and other forward-looking statements that in...
results of operations the following table sets forth , for the periods indicated , certain operating data of the company , including presentation of the amounts as a percentage of net sales ( amounts in thousands ) : replace_table_token_10_th fiscal year ended september 30 , 2016 compared with fiscal year ended septemb...
874
forward-looking statements are often identified by the use of words such as , but not limited to , “ anticipate , ” “ believe , ” “ can , ” “ continue , ” “ could , ” “ estimate , ” “ expect , ” “ intend , ” “ may , ” “ plan , ” “ project , ” “ seek , ” “ should , ” “ strategy , ” “ target , ” “ will , ” “ would ” and ...
results of operations comparison of the years ended december 31 , 2019 and 2018 replace_table_token_1_th 49 revenues product revenues accounted for 70 % and 45 % of our total revenues for the years ended december 31 , 2019 and 2018 , respectively . the $ 157,000 , or 24 % , increase in product revenues from sales of ou...
875
incentive compensation white mountains story_separator_special_tag the following discussion contains “ forward-looking statements ” . white mountains intends statements that are not historical in nature , which are hereby identified as forward-looking statements , to be covered by the safe harbor provisions of the priv...
summary of consolidated results the following table presents white mountains 's consolidated financial results by industry for the years ended december 31 , 2020 , 2019 and 2018 : replace_table_token_11_th 35 i. summary of operations by segment as of december 31 , 2020 , white mountains conducted its operations through...
876
the implementation resulted with no cumulative-effect adjustment to retained earnings as of january 1 , 2017. f-12 rewalk robotics ltd. and subsidiaries notes to consolidated financial statements additionally story_separator_special_tag the following discussion and analysis should be read in conjunction with “ part i. ...
results of operations year ended december 31 , 2017 compared to year ended december 31 , 2016 revenues our revenues for 2017 and 2016 were as follows ( dollars in thousands , except unit amounts ) replace_table_token_4_th revenues increased by $ 1.9 million , or 32 % , during 2017 compared to 2016 driven by our increas...
877
56 china hgs real estate , inc. notes to consolidated financial statements note 12. taxes ( a ) business sales tax story_separator_special_tag the following discussion and analysis of financial condition and results of operations relates to the operations and financial condition reported in the financial statements of ...
results of operation revenues we recognize revenue from the sales of real property in accordance with the full accrual method at the time of the closing of an individual unit sale . this occurs when title to or possession of the property is transferred to the buyer . a sale is not considered consummated until ( a ) the...
878
executive overview our business performance in 2014 grew in line with our expectations , as we delivered on our strategy to expand our oilfield specialties business . sales in our growth businesses of fuel specialties and personal care reflected the strength of our product portfolio and research and development pipelin...
results of operations the following table provides operating income by reporting segment : replace_table_token_8_th 29 results of operations – fiscal 2014 compared to fiscal 2013 : replace_table_token_9_th fuel specialties net sales : the table below details the components which comprise the year on year change in net ...
879
in april 2016 , the jhu agreement was further amended to include a third patent family which discloses a method for reducing neuronal damage in the eye that includes administration of a sustained release formulation of a dual leucine kinase inhibitor in a polymeric particle , and wherein the dual leucine kinase inhibit...
financial condition and results of operations . you should read the following discussion and analysis of our financial condition and results of operations in conjunction with our financial statements and related notes included elsewhere in this annual report . in addition to historical financial information , the follo...
880
common stock —at december 31 , 2016 and 2017 , the company was authorized to issue 290,081,638 and 500,000,000 shares of common stock with a par value of $ 0.001 per share story_separator_special_tag the following discussion and analysis of our financial condition and results of operations should be read together with ...
results of operations the following tables set forth our results of operations for the periods presented and as a percentage of our revenue for those periods . the period-to-period comparisons of our historical results are not necessarily indicative of the results that may be expected in the future . replace_table_toke...
881
a financial instrument 's classification within the fair value hierarchy is based upon the lowest level of 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 in conjunction with the audited ...
results of operations years ended december 31 , 2015 , 2014 and 2013 the following tables set forth selected consolidated statements of income data and such data as a percentage of total revenues for each of the periods indicated : replace_table_token_7_th 37 consolidated statement s of income data as a percentage of r...
882
( a ) the following documents are filed as part of this form 10-k : ( 1 ) consolidated financial statements : page report of independent registered public accounting firm 37 balance sheets 38 statements of operations 39 statements of changes in shareholders ' ( deficit ) equity 40 statements of cash flows 41 notes to f...
results of operations our entire activity since inception up to the closing of our initial public offering on march 22 , 2012 was in preparation for that event . since the offering , our activity has been limited to the evaluation of business combination candidates , and we will not be generating any operating revenues...
883
during the last fifteen years , the company has worked continuously to significantly reduce and control its cost structure while concurrently expanding its product offering , expanding manufacturing process capabilities and more fully automating its facilities . for example , headcount of permanent employees as of janu...
executive overview the markets that virco serves include the education market ( the company 's primary market ) , which is made up of public and private schools ( preschool through 12th grade ) , junior and community colleges , four-year colleges and universities ; and trade , technical and vocational schools . virco a...
884
as of december 31 , 2017 we had $ 17.2 million in short-term financing obligations and $ 103.4 million of unused credit . as of december 31 , 2016 we had $ 15.6 million in short-term financing obligations and $ 90.0 million of unused credit . stock-based compensation we account for share-based employee compensation pla...
results of operations the results of our operations during the year ended december 31 , 2017 include the operations of shippingeasy . the results of our operations during the year ended december 31 , 2016 include the operations of shippingeasy for the period from july 1 , 2016 through december 31 , 2016. the results of...
885
the primary items that generated the goodwill recognized were the premiums paid by the company for the future earnings potential of the businesses acquired and the value of their assembled workforces that do not qualify for separate recognition , which , in the case of blue aerospace , csi aerospace and action research...
results of operations the following table sets forth the results of our operations , net sales and operating income by segment and the percentage of net sales represented by the respective items in our consolidated statements of operations ( in thousands ) : replace_table_token_8_th 34 index comparison of fiscal 2013 t...
886
you should read this discussion in conjunction with our consolidated financial statements and related notes included in this annual report on form 10-k. historical results and percentage relationships are not necessarily indicative of operating results for future periods . references to `` gartner , '' the `` company ,...
consolidated results 2017 versus 2016 the table below presents an analysis of selected line items and year-over-year changes in our consolidated statements of operations for the two years ended december 31 , 2017 ( in thousands ) . the operating results of ceb are included beginning on april 5 , 2017 , the date of the ...
887
unrealized gains and unrealized losses deemed to be temporary are excluded from earnings ( losses ) , net of applicable taxes , as a component of other comprehensive income ( loss ) . factors considered in judging whether an impairment is other than temporary include the financial condition , business prospects and cre...
results of operations revenues for the years ended september 30 , 2017 and 2016 , we had $ 28,039 and $ 27,585 in revenues , including revenues from a related party of $ 17,279 and $ 12,585 , respectively . revenues increased due to an increase in related party revenue of $ 4,694. all of the related party revenues were...
888
forward-looking statements statements in this report and the annual report to stockholders that are not purely historical facts , including , without limitation , statements about our expected future financial position , results of operations or cash flows , as well as other statements including , without limitation , ...
results of operations the following table and discussion of our results of operations is based upon data derived from our consolidated statements of comprehensive income contained in our consolidated financial statements and should be read in conjunction with these statements included elsewhere in this report . replace...
889
this md & a should be read in conjunction with our consolidated financial statements and accompanying notes included in this form 10-k. when reviewing the discussion , you should keep in mind the substantial risks and uncertainties that characterize our business . in particular , we encourage you to review the risk and...
results of operations 2018 results compared to 2017 replace_table_token_6_th 16 market segment information : replace_table_token_7_th melt type information : replace_table_token_8_th the majority of our products are sold to service centers rather than the ultimate end market customers . the end market information in th...
890
in some cases , you can identify forward-looking statements by terminology including , `` could '' `` may '' , `` will '' , `` should '' , `` expect '' , `` plan '' , `` anticipate '' , `` believe '' , `` estimate '' , `` predict '' , `` potential '' and the negative of these terms or other comparable terminology . the...
results of operations comparison of the year ended december 31 , 2019 and 2018 revenue year ended december 31 , change 2019 2018 $ % ( in thousands , except percentages ) revenue $ 6,567 $ 18,517 $ ( 11,950 ) ( 65 ) % we recorded revenue of $ 6,567,000 for the year ended december 31 , 2019 , compared to revenue of $ 18...
891
a discussion of the year ended december 31 , 2019 compared to the year ended december 31 , 2018 has been reported previously in our final prospectus , dated july 29 , 2020 , filed with the sec pursuant to rule 424 ( b ) ( 4 ) ( file no . 333-240115 ) , under the heading `` management 's discussion and analysis of finan...
results of operations comparison of years ended december 31 , 2020 and 2019 the following table summarizes our results of operations for the years ended december 31 , 2020 and 2019 , together with the changes in those items in dollars : replace_table_token_11_th revenue we did not generate any revenue for the years end...
892
million during the year ended december 31 , 2019 to record excess tax benefits . since the company has a full valuation allowance on all deferred taxes , this has no impact on retained earnings or the tax position of the company . on december 22 , 2017 , h.r . 1 , known as the tax cuts and jobs act , was signed into la...
consolidated results of operations comparison of the years ended december 31 , 2019 and 2018 the following table sets forth our results of operations expressed as dollar amounts , percentage of total revenue and year-over-year change ( in thousands ) : replace_table_token_1_th product revenue . product revenue was $ 76...
893
acquisition costs are capitalized in accordance with story_separator_special_tag story_separator_special_tag b ut no assurance can be given that we will operate in a manner so as to qualify as a reit . taxable income from certain non-reit activities is managed through a trs and is subject to applicable federal , state ...
f financial condition and results of operations the following is a discussion and analysis of our financial condition and our historical results of operations . the following should be read in conjunction with our financial statements and accompanying notes . this discussion contains forward-looking statements that inv...
894
this maintains long-term occupancy rights , helps control related costs and assists in alignment with franchisees . in certain circumstances , the company participates in reinvestment for conventional franchised restaurants . under our developmental license arrangement , licensees provide capital for the entire busines...
highlights from the year included : comparable sales grew 5.0 % and guest counts rose 4.9 % , building on 2009 increases of 3.8 % and 1.4 % , respectively . revenues increased 6 % ( 5 % in constant currencies ) . company-operated margins improved to 19.6 % and franchised margins improved to 82.4 % . operating income in...
895
some of the information contained in this discussion and analysis or set forth elsewhere in this annual report including information with respect to our plans and strategies for our business , statements regarding the industry outlook , our expectations regarding the future performance of our business , and the other n...
results of operations our historical operating results in dollars and as a percentage of total revenues are presented below . a comparison of the different years described below may be of limited utility due to ( i ) our recent construction or disposition of new power plants and enhancement of acquired power plants and...
896
these forward-looking statements reflect our views and assumptions only as of the date such forward-looking statements are made . except as required by law , we assume no responsibility for updating any forward-looking statements , whether as a result of new information , future events or otherwise . the following disc...
results of operations comparison of results for the year ended december 29 , 2013 to the year ended december 28 , 2014 revenues . revenues by reportable segment for the years ended december 29 , 2013 and december 28 , 2014 are as follows ( in millions ) : replace_table_token_4_th revenues decreased $ 82.6 million from ...
897
we assess effectiveness of our cash flow hedges both at inception and on an ongoing basis . the effective portion of changes in fair value of the interest rate swaps associated with our cash flow hedges is recorded in accumulated other comprehensive loss and is subsequently reclassified into interest expense as interes...
summary of cash flows replace_table_token_15_th net cash provided by operating activities decreased $ 12.0 million to $ 244.7 million during 2011 from $ 256.7 million during 2010 . the decrease was primarily attributable to the $ 16.2 million payment of the final judgment related to a previously disclosed lawsuit offse...
898
asc 820 establishes a hierarchy of valuation inputs based on the extent to which the inputs are observable in the marketplace . observable inputs reflect market data obtained from sources independent of the reporting entity and unobservable inputs reflect the entity 's own assumptions about how market participants woul...
summary of significant accounting policies our significant accounting policies are more fully described in the notes to our consolidated financial statements included in this annual report on form 10-k for the fiscal year ended december 31 , 2019. we believe that the accounting policies below are critical for one to fu...
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