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Our results for 2004 also include a pre-tax gain of $59.9 million on the sale of approximately 79,000 acres of timberland located in western Louisiana, and a pre-tax gain of $46.5 million on the sale of our 47% interest in Voyageur Panel, as well as a $67.8 million pre-tax charge for the write-down of impaired assets at our Elma, Washington, manufacturing facility. On October 29, 2004, we completed the sale of our paper, forest products and timberland assets to affiliates of Boise Cascade, L.L.C., a new company formed by Madison Dearborn Partners LLC, and recorded a $280.6 million pre-tax gain. The activities of the Companys paper, forest products and building materials businesses required a significant volume of electricity and natural gas. | noise |
The carrying value for cash and cash equivalents, accounts receivable, loans receivable, held-to-maturity investment securities and accounts payable approximate fair value. The inputs used to determine the fair value of our debt were classified as Level 2 in the fair value hierarchy. The amounts included in AOCL at December 31, 2021 will be recognized in earnings within the next 12 months. | noise |
Revolving Line of Credit under a financing agreement with The CIT Group/Commercial Services, Inc. (CIT), a subsidiary of CIT Group Inc., of up to $26.0 million, including a $1.5 million sub-limit for letters of credit, with an interest rate of prime plus 1.00% (4.25% at April 3, 2011) for base rate borrowings or LIBOR plus 3.00% (3.24615% at April 3, 2011), maturing on July 11, 2013 and secured by a first lien on all assets of the Company. Revolving Line of Credit under a financing agreement with CIT of up to $26.0 million, including a $1.5 million sub-limit for letters of credit, bearing an interest rate of prime plus 1.00% (4.25% at April 3, 2011) for base rate borrowings or LIBOR plus 3.00% (3.24615% at April 3, 2011), maturing on July 11, 2013 and secured by a first lien on all assets of the Company. At April 3, 2011, there was a balance due on the revolving line of credit of $4.3 million, there was a $500,000 letter of credit outstanding and the Company had $18.6 million available under the revolving line of credit based on eligible accounts receivable and inventory balances. | noise |
As a result, changes in foreign exchange rates can create substantial foreign exchange gains and losses from the revaluation of non-functional currency monetary assets and liabilities. As a result, changes in foreign exchange rates can create substantial foreign exchange gains and losses from the revaluation of non-functional currency monetary assets and liabilities. It is unclear if at that time LIBOR will cease to exist or if new methods of calculating LIBOR will be established such that it continues to exist after 2021. | noise |
In addition, commencing on and after October 1, 2006, in calendar years when the average NYMEX monthly closing prices exceed the foregoing thresholds, a conservation of resources fee of $3.75 per acre per lease per year is imposed on such leases that are non-producing. One of the exceptions to fair value accountingnormal purchases and normal salesmay be elected when the contract satisfies certain criteria, including a requirement that physical delivery of the underlying commodity is probable. Expenses and revenues resulting from deliveries under normal purchase contracts and normal sales contracts, respectively, are included in earnings at the time of contract performance. | noise |
If prices of these raw materials were to increase dramatically, the Company may not be able to pass such increases on to its customers and, as a result, gross margins could decline significantly. An overall unfavorable change in foreign exchange rates of 10% would result in an approximate $6,000,000 reduction in equity as a result of the impact on the cumulative translation adjustment. An overall unfavorable change in foreign exchange rates of 10% would result in an approximate $6,000,000 reduction in equity as a result of the impact on the cumulative translation adjustment. | noise |
In addition, such amounts exclude the Southern Company systems estimates of other potential incremental environmental compliance investments to comply with the MATS rule and the proposed water and coal combustion byproducts rules which are likely to be substantial and could be up to $410 million for 2012, up to $1.1 billion for 2013, and up to $2.7 billion for 2014. In addition, such amounts exclude the Southern Company systems estimates of other potential incremental environmental compliance investments to comply with the MATS rule and the proposed water and coal combustion byproducts rules which are likely to be substantial and could be up to $410 million for 2012, up to $1.1 billion for 2013, and up to $2.7 billion for 2014. In addition, such amounts exclude the Companys estimates of other potential incremental environmental compliance investments to comply with the MATS rule and the proposed water and coal combustion byproducts rules which are likely to be substantial and could be up to $30 million, up to $230 million, and up to $700 million for 2012, 2013, and 2014, respectively. | noise |
Net gains and losses on foreign currency transactions included in the accompanying Consolidated Statements of Income were a net loss of $200 in fiscal year 2019, a net gain of $104 in fiscal year 2018, and a net loss of $2,499 in fiscal year 2017. Our results of operations could be materially impacted by changes in foreign currency exchange rates, as well as interest rates on our floating-rate indebtedness. Carrying amounts of the financial assets and liabilities are equal to the fair value. | noise |
For periods presented, an immaterial amount of ineffectiveness has been identified and recorded. For periods presented, an immaterial amount of ineffectiveness has been identified and recorded. The counterparties to each of these agreements are major commercial banks. | noise |
At expiration, the contracts are settled by the delivery of NGL to the Company or the counter party. At expiration, the contracts are settled by the delivery of NGL to the Company or the counter party. | noise |
The floating rate to be paid by BNSF Railway as of December 31, 2002, was 5.98 percent and the fixed rate BNSF Railway is to receive is 8.63 percent. Fuel costs represented 11, 13 and 13 percent of total operating expenses during 2002, 2001 and 2000, respectively. Fuel costs represented 11, 13 and 13 percent of total operating expenses during 2002, 2001 and 2000, respectively. | noise |
Northwestern Mutual and its creditors cannot reach assets in Account A or Account C to satisfy non-Contract related obligations until all obligations under the Contracts have been satisfied. These replication transactions are reported at fair value, with changes in fair value reflected as a component of unrealized gains and losses until such time as the contracts are terminated. A realized loss of $10 million and a realized gain of $300 thousand were recognized during 2005 and 2004, respectively, on the termination of these contracts. | noise |
Under the other agreement, the Company is protected against interest rate increases above 7.0% deutsche mark LIBOR on DM 20 million of floating rate debt through December 1999. Under two agreements, the Company is protected against interest rate increases above 6.0% LIBOR on $10 million of floating rate debt through March 1998. Amounts paid or received under this agreement are recognized as an adjustment to the purchase price of copper. | noise |
Further, investors may utilize the measure as a basis for comparison of the relative size and value of our reserves to other companies. Further, investors may utilize the measure as a basis for comparison of the relative size and value of our reserves to other companies. We use this measure when assessing the potential return on investment related to our oil and natural gas properties. | noise |
At Dec. 31, 2014 and 2013, a 100 basis point change in the benchmark rate on NSP-Wisconsins variable rate debt would impact annual pretax interest expense by approximately $0.8 million and $0.7 million, respectively. We cannot be assured that any of our current ratings will remain in effect for any given period of time or that a rating will not be lowered or withdrawn entirely by a rating agency. In addition, our credit ratings may change as a result of the differing methodologies or change in the methodologies used by the various rating agencies. | noise |
Of our remaining outstanding debt at December 31, 2013 (excluding the Term Loan balance of $115.0 million, the revolving line of credit of $135.0 million and the Senior Notes balance of $298.5 million), totaling $185.4 million, approximately $152.0 million carries interest at a fixed rate. U.S. government agencies generally can terminate or modify their contracts with us at their convenience and some government contracts must be renewed annually at the U.S. governments sole discretion. U.S. government agencies generally can terminate or modify their contracts with us at their convenience and some government contracts must be renewed annually at the U.S. governments sole discretion. | noise |
Upon occurrence of the anticipated purchase, the foreign currency purchase contract is settled, and the change in fair value deferred in accumulated other comprehensive loss is reclassified to earnings (depreciation and amortization expense) over the life of the underlying asset. Any portion considered to be ineffective, including that arising from the unlikelihood of an anticipated transaction to occur, is reported as a component of earnings (other income/expense) immediately. The investments held as other noncurrent assets represent assets held in the Rabbi trust for the purpose of providing benefits under the non-qualified defined benefit pension plan. | noise |
These are primarily for intercompany transactions, resulting in a high degree of confidence that the anticipated transactions will take place. In 1996 and 1995, the contracts primarily related to the anticipated normal purchases by a subsidiary in Japan from a subsidiary in Ireland. At December 31, 1995, there were Irish pound contracts outstanding payable in Japanese yen equivalent to $5,800,000. | noise |
Disclosure regarding the impact on earnings of amounts reclassified from other comprehensive income, as required by this guidance, has not been included for the full fiscal 2009 as it was not material and the guidance was effective only for the last three quarters of fiscal 2009. The increase was primarily attributable to an increased unfavorable impact from foreign currency transactions ($12 million), including the write-down in value of bolivars that had accumulated in our holding companies over several years to a parallel exchange rate ($6 million). The increase was primarily attributable to an increased unfavorable impact from foreign currency transactions ($12 million), including the write-down in value of bolivars that had accumulated in our holding companies over several years to a parallel exchange rate ($6 million). | noise |
In 1998, a gain of approximately $0.2 million occurred upon settlement of these agreements and is being amortized over the life of the associated long-term debt issuance as an offset to interest expense. At December 31, 1998 and 1997, the three month LIBOR was 5.1% and 5.8%, respectively. | noise |
In connection with the Credit Agreement dated June 28, 2007 with Nedbank, the Company agreed to implement a price protection program with respect to a specified percentage of copper output from the Johnson Camp Mine. In 2006, we realized $1,900,000 related to the settlement we reached with Titanium Resources Group in connection with the sale of our 13/15 fractional interest in SRL Acquisition No. 1 Limited. In 2006, the Company realized $1,900,000 related to its settlement with Titanium Resources Group in connection with the sale of its 13/15 fractional interest in SRL Acquisition No. 1 Limited. | noise |
This Statement is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008, with early application encouraged. This Statement is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008, with early application encouraged. Management is currently evaluating the effects of this statement, but it is not expected to have any impact on the Companys financial statements. | noise |
The Company had outstanding contracts covering the purchase of 494.9 million Euros ("EUR") at an average contract price of $0.9109 per EUR, for delivery between January 2001 and November 2003. The fair value of these agreements at December 31, 2000 and 1999 would require the Company to pay approximately $24,600 and receive approximately $9,200, respectively. These estimates are subjective in nature and involve uncertainties and matters of significant judgement and therefore cannot be determined with precision. | noise |
For the year ended March 31, 2006, $4,608 in net gains related to the foreign-currency-denominated debt agreements was recorded in the cumulative translation adjustment offsetting a portion of the translation gains and losses recognized on the net assets of the foreign subsidiaries and joint ventures. For the year ended March 31, 2006, $4,608 in net gains related to the foreign-currency-denominated debt agreements was recorded in the cumulative translation adjustment offsetting a portion of the translation gains and losses recognized on the net assets of the foreign subsidiaries and joint ventures. **_We continue to face high commodity costs (including steel, copper, aluminum, nickel, other raw materials and energy) that we increasingly cannot recoup in our product pricing._**__ Increasing commodity costs continue to have a significant effect on our results, and those of others in our industry. | noise |
On February 20, 2014, the Company acquired the Industrial Filtration business from Andrew Industries Limited as discussed in Note 2, "Acquisitions and Divestitures," of the Consolidated Financial Statements included in this Annual Report on Form 10-K. On February 20, 2014, the Company acquired the Industrial Filtration business from Andrew Industries Limited as discussed in Note 2, "Acquisitions and Divestitures," of the Consolidated Financial Statements included in this Annual Report on Form 10-K. Assuming a hypothetical increase of one percentage point in interest rates on the $40.0 million outstanding borrowings as of December 31, 2014, the Companys net income would decrease by an estimated $0.3 million over a twelve-month period. | noise |
We intend and have the ability to hold our short-term investments to maturity; therefore, these investments were reported at amortized cost on the Consolidated Balance Sheets, which approximated fair value. We intend and have the ability to hold our short-term investments to maturity; therefore, these investments were reported at amortized cost on the Consolidated Balance Sheets, which approximated fair value. The fund may invest up to 20%of its net assets in debt securities that are lower than a senior claim on collateral and up to 20%of its net assets in senior loans made to non-U.S. borrowers. | noise |
Accordingly, any event that adversely affects the value of an investment by the Merchant Investment business would be magnified to the extent such fund is leveraged. Accordingly, any event that adversely affects the value of an investment by the Merchant Investment business would be magnified to the extent such fund is leveraged. While leverage may present opportunities for increasing the Merchant Investment businesss total return, leverage may increase losses as well. | noise |
Long-term debt is stated at cost, which in total, as of December 31, 2007, approximates fair value (estimated based on current rates for debt of the same remaining maturities), except for $225 million of Con Edison of New Yorks tax-exempt financing. Recent downgrades in the credit ratings of these insurers have resulted in interest rates on this O&R debt that are significantly higher than the interest rates borne by Con Edison of New Yorks $225 million of uninsured weekly rate tender bonds. While electric retail revenues increased more than 12 percent from 2005 to 2006, gross margins increased at a greater rate as more customers shifted from indexed contracts to fixed-price contracts as energy prices declined during the year. | noise |
The facility has an initial commitment of $17 million, and the maturity date of the facility is September 9, 2002, three years from the date of closing. In September of 1999, the Company obtained a $50 million reducing revolving credit facility with Bank One Texas, N.A. | noise |
The preparation of the Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period. The preparation of the Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period. A financial asset or liability classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. | noise |
The American Institute of Certified Public
Accountants' Statement of Position ("SOP") 98-1 , "Accounting for
the Costs of Computer Software Developed or Obtained for Internal
Use," and SOP 98-5, "Reporting of the Costs of Start-up
Activities," become effective for the Company in the first quarter
of fiscal 2000. The American Institute of Certified Public
Accountants' Statement of Position ("SOP") 98-1 , "Accounting for
the Costs of Computer Software Developed or Obtained for Internal
Use," and SOP 98-5, "Reporting of the Costs of Start-up
Activities," become effective for the Company in the first quarter
of fiscal 2000. SOP 98-1 is effective for fiscal years beginning after December 15, 1998 and applies to internal-use software costs incurred for all projects, including those in progress upon initial application of the SOP. | noise |
The principal raw materials that we use are cereal grains, sugar, dairy products, vegetables, fruits, meats, vegetable oils, and other agricultural products as well as paper and plastic packaging materials, operating supplies and energy. The principal raw materials that we use are cereal grains, sugar, dairy products, vegetables, fruits, meats, vegetable oils, and other agricultural products as well as paper and plastic packaging materials, operating supplies and energy. The principal raw materials that we use are cereal grains, sugar, dairy products, vegetables, fruits, meats, vegetable oils, and other agricultural products as well as paper and plastic packaging materials, operating supplies and energy. | noise |
As a result of the repayment of amounts outstanding under our $500.0 million revolving credit agreement during October 2004 with $203.5 million of the proceeds from our issuance on October 12, 2004 of $300.0 million in original principal amount of 5.50% notes due on October 15, 2014, all of our outstanding debt as of January 31, 2005 was fixed-rate debt. The discount and debt issuance costs are being amortized to interest expense over the ten-year term of the notes under the straight-line method, which was deemed to be materially consistent with the effective interest method. The discount and debt issuance costs are being amortized to interest expense over the ten-year term of the notes under the straight-line method, which was deemed to be materially consistent with the effective interest method. | noise |
These agreements, which expire through 2005, effectively convert $119.9 million of variable rate lease obligations to fixed rate obligations. Interest rate differentials to be paid or received are recognized over the life of each agreement as adjustments to operating expense. | noise |
There was $74.4 million and $70.0 million outstanding under our revolving credit agreement at December 31, 2011 and December 31, 2010, respectively. Our significant foreign subsidiaries are located in Canada, China, Czech Republic, Scotland, Singapore, Switzerland, Taiwan and Thailand. A one percentage point increase in interest rates would increase our annual interest expense by approximately $744,000. | noise |
Disclosure regarding the impact on earnings of amounts reclassified from other comprehensive income, as required by this guidance, has not been included for fiscal 2009 as it was not material and the guidance was effective only for the last three quarters of fiscal 2009. In fiscal 2011, 2010 and 2009, net foreign currency transaction losses of $6 million, gains of less than $1 million and losses of $15 million, respectively, are included in Other expense in the Consolidated Statement of Operations as part of continuing operations. Because our consolidated financial statements are presented in U.S. dollars, we must translate revenues, income and expenses, as well as assets and liabilities, into U.S. dollars at exchange rates in effect during or at the end of each reporting period. | noise |
The primary objective of these contracts is to protect the U.S. dollar value of foreign currency-denominated monetary assets, liabilities and earnings from the effects of volatility in foreign exchange rates that might occur prior to their receipt or settlement in U.S. dollars. The effective portion of foreign exchange gains or losses on the remeasurement of the debt is recognized in the foreign currency translation component of accumulated OCI with the related offset in long term debt. If our net investment were to fall below the equivalent value of the euro debt borrowings, the change in the remeasurement basis of the debt would be subject to recognition in income as changes occur. | noise |
Because we are not relieved of our liability to the ceding companies for this business, the liabilities and obligations associated with the reinsured policies remain on our Consolidated Balance Sheets with a corresponding reinsurance receivable from Swiss Re, which totaled $2.5 billion and $2.6 billion as of December 31, 2014 and 2013, respectively. Because we are not relieved of our liability to the ceding companies for this business, the liabilities and obligations associated with the reinsured policies remain on our Consolidated Balance Sheets with a corresponding reinsurance receivable from Swiss Re, which totaled $2.5 billion and $2.6 billion as of December 31, 2014 and 2013, respectively. As we are not relieved of our liability to the ceding companies for this business, the liabilities and obligations associated with the reinsured policies remain on our Consolidated Balance Sheets with a corresponding reinsurance receivable from Swiss Re, which totaled $2.5 billion and $2.6 billion as of December 31, 2014 and 2013, respectively. | noise |
Power supply expenses in 2004 decreased $53.3 million compared with 2003 due to decreased wholesale sales of electricity, principally those associated with the Morgan Stanley contract. Our principal power supply contract counter-parties and generators, Hydro Quebec, ENVY and Morgan Stanley, all currently have investment grade credit ratings. Our principal power supply contract counter-parties and generators, Hydro Quebec, ENVY and Morgan Stanley, all currently have investment grade credit ratings. | noise |
The differential to be paid or received is accrued as interest rates change and is recognized as an adjustment to interest expense in the statements of income. The company is currently assessing the impact of these statements on the company's consolidated financial statements. The company is currently assessing the impact of these statements on the company's consolidated financial statements. | noise |
As explained in Note 1 E to the financial statements, the Corporation has given retroactive effect to the change in accounting for acquisition, exploration and development activities related to oil and gas reserves from the full cost method to the successful efforts method. Columbia Energy Services, Inc. (Columbia Energy Services) has fixed price gas delivery commitments to three municipalities in the United States. The effect of these agreements is to modify the interest rate characteristics of a portion of Columbia's long-term debt from fixed to variable. | noise |
The Company estimates that it will reclassify into earnings during the next 12 months losses of approximately $8 million from the net amount recorded in AOCI as of December 31, 2002 as the anticipated foreign currency cash flows occur. The Company reclassified into earnings during the year ended December 31, 2001 approximately $54 million of net gains relating to the transition adjustment recorded in AOCI as of January 1, 2001. The cumulative effect of these transition adjustments was an after-tax reduction to Net Income of approximately $10 million and an after-tax net increase to AOCI of approximately $50 million. | noise |
With regards to pooled funds, the policy requires the evaluation of the appropriateness of such funds for managing Plan assets if a fund engages in such transactions. With regards to pooled funds, the policy requires the evaluation of the appropriateness of such funds for managing Plan assets if a fund engages in such transactions. The Plan has historically not invested in funds engaging in such transactions. | noise |
The lines allow the Company to issue up to $30.0 million in unused letters of credit, of which $8.2 million of unused letters of credit were issued at September 26, 2009. The lines allow the Company to issue up to $30.0 million in unused letters of credit, of which $8.2 million of unused letters of credit were issued at September 26, 2009. The Company typically replaces borrowings under its variable rate lines of credit, as necessary, with both long-term secured and unsecured financing. | noise |
In addition, these arrangements provide for a net settlement of all contracts with a given counterparty in the event that the arrangement is terminated due to the occurrence of default or a termination event. We transact business in foreign currencies and, as a result, our income experiences some volatility related to movements in foreign currency exchange rates. As of December 31, 2013, the amount we expect to reclassify from AOCL to income over the next year is an unrealized net gain of $4 million. | noise |
Patick (incorporated by reference as filed with the SEC as Exhibit 10.30 to Item 14(a) in the registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 1999). Patick (incorporated by reference as filed with the SEC as Exhibit 10.30 to Item 14(a) in the registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 1999). Cope and Elizabeth Cope, husband and wife, and the Cope Family Trust dated September 12, 1972 (the "Trust") and Robert S. | noise |
A sensitivity analysis indicates that a
10% change in currency exchange rates would not have a material impact on
the company's financial position, results of operations or cash flows. IBP's
effective interest rate in 1998 was lower by 53 basis points from the
average in 1997, which somewhat offset the higher average borrowings. At December 26, 1998, the company had outstanding
contracts to buy Canadian dollars totaling CDN $130 million at various
dates through 1999. | noise |
The disproportionate tax effect related to various defined-benefit pension plans will be eliminated from accumulated other comprehensive income (loss) at the termination of the related pension plans. The unrecognized net loss and prior service cost, net, is reported net of income tax benefit of $117 million and $98 million at December 31, 2019 and 2018, respectively. We have multiple sources, both domestic and foreign, for the raw materials used in this segment, and sufficient raw materials have been available for our needs. | noise |
For each reporting period, the change in the carrying value due to the remeasurement of the effective portion is reported in accumulated other comprehensive loss on our consolidated balance sheet and the remaining change in the carrying value of the ineffective portion, if any, is recognized in other income (expense), net in our consolidated statement of income. The primary currencies in which we operate, in addition to the U.S. dollar, are the Argentine peso, Australian dollar, Brazilian real, British pound, Canadian dollar, Chinese yuan, Colombian peso, Euro, Hungarian forint, Indian rupee, Japanese yen, Mexican peso, Singapore dollar, Swedish krona, Russian ruble, Malaysian ringgit and Venezuelan bolivar. We recognized foreign currency net losses of $5.9 million, $14.5 million and $18.7 million for the years ended December 31, 2020, 2019 and 2018, respectively, which are included in other income (expense), net in the accompanying consolidated statements of income. | noise |
Based on the analysis of the high-technology stock indices and the historical volatility of Microns and Elpidas stock as of December 25, 2004, we estimated that it was reasonably possible that the prices of the stocks in our portfolio could experience a loss of 45% in the near term (55% as of the end of 2003). We considered the historical trends in currency exchange rates and determined that it was reasonably possible that adverse changes in exchange rates of 20% for all currencies could be experienced in the near term. We considered the historical trends in currency exchange rates and determined that it was reasonably possible that adverse changes in exchange rates of 20% for all currencies could be experienced in the near term. | noise |
Credit Facilities bear interest at rates ranging from 0.50% to 1.50% above the lenders base rate, or at rates ranging from 1.50% to 2.50% above the London Interbank Offered Rate (LIBOR), depending upon our consolidated ratio of debt to earnings before interest, taxes, depreciation and amortization, and as further adjusted under the terms of the U.S. Credit Facilities bear interest at rates ranging from 0.50% to 1.50% above the lenders base rate, or at rates ranging from 1.50% to 2.50% above the London Interbank Offered Rate (LIBOR), depending upon our consolidated ratio of debt to earnings before interest, taxes, depreciation and amortization, and as further adjusted under the terms of the U.S. Such outstanding debt under our United States credit facilities was $21,000,000 and $43,300,000 at July 31, 2010 and 2009, respectively, and the average outstanding balance during fiscal 2010 and 2009 was approximately $32,000,000 and $53,000,000, respectively. | noise |
Once the bank lines of credit were extinguished as part of the SNPE transaction, the unamortized deferred gain of $31,388 was offset against the unamortized deferred finance charges of $111,499 related to the lines of credit and recorded as an extraordinary loss on extinguishment. Once the bank lines of credit were extinguished as part of the SNPE transaction, the unamortized deferred gain of $31,388 was offset against the unamortized deferred finance charges of $111,499 related to the lines of credit and recorded as a extraordinary loss on extinguishment. The nature of DMC's business is largely insulated from the negative effects of inflation on sales and operating income because the pricing on custom orders reflects current raw material and other manufacturing costs. | noise |
The transfer resulted in the reversal of prior unrealized losses, net of taxes, on the auction rate securities from accumulated other comprehensive (loss) income and the recognition of the unrealized losses as a charge to income of $1.6 million in the six months ended October 31, 2008. In August 2008, the Company received notification from one of its investment securities firms (Investment Firm) announcing a proposed settlement to repurchase all of the Companys auction rate security holdings at par value. In August 2008 we received notification from one of our investment securities firms (Investment Firm) announcing a proposed settlement to repurchase all of our auction rate security holdings at par value. | noise |
However, any significant increase in the price of cotton or shortages in the availability of cotton as the result of farmers switching to alternative crops, such as corn, could have a material adverse effect on our results of operations. We believe we are competitive with other companies in the United States apparel industry in negotiating the price of cotton. Other comprehensive income (loss) is defined as the change in equity resulting from transactions from non-owner sources. | noise |
During 2001, interest expense decreased by $2,435,000 to $45,035,000 from $47,470,000 in 2000 because of a decrease of 210 basis points in the average rate paid on floating rate debt to 5.1% in 2001 from 7.2% in 2000. The Company manages its ratio of fixed to floating rate debt with the objective of achieving a mix that reflects management's interest rate outlook at various times. For investment securities and debt obligations, the tables present principal cash flows and related weighted average interest rates by expected maturity dates. | noise |
In Oregon we participate in a PGA sharing mechanism under which we are required to select either an 80% or 90% deferral of higher or lower gas costs such that the impact on current earnings from the gas cost sharing is either 20% or 10% of gas cost differences compared to PGA prices, respectively. Historically, we have arranged for physical delivery of an adequate supply of gas, including gas in our Mist storage and off-system storage facilities, to meet expected requirements of our core utility customers. The costs of certain pipeline and off-system storage services purchased from Canadian suppliers are subject to changes in the value of the Canadian currency in relation to the U.S. currency. | noise |
The decrease in 1999 over 1998 was primarily due to the absence during 1999 of all or most of the Quantox product line and the Radiation Measurements Division's (RMD) sales, whose margins were lower. The decrease in 1999 over 1998 was primarily due to the absence during 1999 of all or most of the Quantox product line and the Radiation Measurements Division's (RMD) sales, whose margins were lower. This more than offset the unfavorable impact of a 9 percent stronger U.S. dollar in 2000. | noise |
At the end of each determination period, which is the last day of each calendar month in the period, any realized gain or loss for that period related to the contract will be reclassified to fuel expense and recovered or refunded to the customer through our fuel adjustment mechanisms. At the end of each determination period, which is the last day of each calendar month in the period, any realized gain or loss for that period related to the contract will be reclassified to fuel expense and recovered or refunded to the customer through our fuel adjustment mechanisms. (2)
The accounts receivable for energy trading margin deposit represents the balance in our brokerage account. | noise |
Fair values included in other assets and other liabilities on the consolidated balance sheet applicable to these agreements amounted to $2,109 and $2,330 at December 31, 2014, respectively, and $0 and $10,133, respectively, at December 31, 2013. The Corporation has managed the duration of its investment portfolio over the last year to be relatively unchanged from the prior year end, resulting in a portfolio duration of 3.3 at both December 31, 2014 and 2013. Fair values included in other assets and other liabilities on the consolidated balance sheet applicable to these agreements amounted to $43,789 and $43,830, respectively, at December 31, 2014. | noise |
This Statement is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008. This Statement is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008. This Statement is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008. | noise |
The fair value of consumer receivables also included an estimate, on a present value basis, of cash flows associated with securitizations of certain home equity, auto finance, Master Card and Visa, private label and other unsecured receivables. The fair value of consumer receivables also included an estimate, on a present value basis, of cash flows associated with securitizations of certain home equity, auto finance, Master Card and Visa, private label and other unsecured receivables. Commitments to extend credit and guarantees: These commitments were valued by considering our relationship with the counterparty, the creditworthiness of the counterparty and the difference between committed and current interest rates. 11. | noise |
The Company had no other contracted commitments for any other commodities including steel, aluminum, natural gas, copper, zinc, nickel based alloys, except for those entered into under the normal course of business. A decrease in the value of any of these currencies relative to the U.S. dollar could have a negative impact on our business, financial condition, results of operations or cash flows. A decrease in the value of any of these currencies relative to the U.S. dollar could have a negative impact on our business, financial condition, results of operations or cash flows. | noise |
The adjustment to interest expense resulting from the differentials was a decrease of $438,000 during 2000, and increases of $1,414,000 and $348,000 during 1999 and 1998, respectively. The differentials to be currently paid or received under these agreements are recorded as an adjustment to interest expense and are included in interest receivable or payable. For the revolving credit facility, the table
presents principal cash flows and related weighted average interest rates
by contractual maturity dates. | noise |
The Company follows the equity method of accounting for investments in partnerships and corporate joint ventures when the Company is able to influence the financial and operating policies of the investee. The Company follows the equity method of accounting for investments in partnerships and corporate joint ventures when the Company is able to influence the financial and operating policies of the investee. EXPLORATION AND PRODUCTION PROPERTIES CNG Producing and CNG Transmission follow the full cost method of accounting for gas and oil producing activities prescribed by the SEC. | noise |
If interest rates increase, Mattels debt service obligations on the variable rate indebtedness will increase even though the amount borrowed remained the same, and Mattels net income and cash flows, including cash available for servicing its indebtedness, will correspondingly decrease. All contracts in the following table are against the U.S. dollar and are maintained by reporting units with a U.S. dollar functional currency, with the exception of the Indonesian rupiah contracts, which are maintained by entities with an Indonesian rupiah functional currency. Realized gains and losses for these contracts are recorded in the consolidated statements of operations in the period in which the inventory is sold to customers. | noise |
The discount rates were determined by reference to the AA finance corporate bond index yield curve on December 31, 2007, as published by Bloomberg L.P. Specifically, the yield curve was converted to spot rates to determine the rates on zero coupon securities of the same quality at various maturities. The assumed discount rate used to determine the benefit obligation for pension benefits is 5.50% and 5.75% for other postretirement benefits. | noise |
The disproportionate tax effects related to various defined-benefit pension plans will be eliminated from accumulated other comprehensive income (loss) at the termination of the related pension plans. The unrecognized net loss and prior service cost, net, is reported net of income tax benefit of $20 million and $124 million at December 31, 2021 and 2020, respectively. The cumulative translation adjustment, net, is reported net of income tax benefit of $1 million at both December 31, 2021 and 2020. | noise |
The foreign currency gain of $31.2 was primarily due to the effect of currency rate movements between the U.S. dollar against the Euro, British pound sterling, and Australian dollar, and currency rate movements between the Euro against the Danish Kroner and British pound sterling. The foreign currency gain of $31.2 was primarily due to the effect of currency rate movements between the U.S. dollar against the Euro, British pound sterling, and Australian dollar, and currency rate movements between the Euro against the Danish Kroner and British pound sterling. The gains on sale of non-operating assets of $17.2 during fiscal 2008 included the pre-tax gain on the sale of a building in Austin, TX of $11.2 and the pre-tax gain on the sale of available for sale securities of $4.4. | noise |
If the companys mitigation and response efforts prove insufficient, then large outbreaks of epidemics, pandemics or other health crises such as COVID-19 at operating sites, particularly in remote locations and where work camps are utilized, could materially impact the companys personnel and its operations, reducing productivity and increasing costs. As the company records and reports its financial results in Canadian dollars, to the extent that the value of the Canadian dollar strengthens, the companys reported earnings will be negatively affected. Trade receivables in "Accounts receivable net" reported on the Consolidated balance sheet include both receivables within the scope of ASC 606 and outside the scope of ASC 606. | noise |
Assuming year-end cash available for investment (including restricted cash), a 1% change in interest rates would impact net interest income for the years ended December 31, 2003 and 2002 by $0.4 million and less than $0.1 million, respectively. Assuming year-end cash available for investment (including restricted cash), a 1% change in interest rates would impact net interest income for the years ended December 31, 2003 and 2002 by $0.4 million and less than $0.1 million, respectively. Cash (including restricted cash) increased by $36,386 in 2003 due to profitable operations and cash collections by MECAR and the VSK Group, borrowings from short-term debt and improved cash flow from operations. | noise |
The fair value of the Company's outstanding term loan approximates its recorded value, based on the variable rates of the facility and currently available terms and conditions for similar debt at March 31, 2002. The Company utilizes variable rate debt to fund its operations and sustain its growth. The Company utilizes variable rate debt to fund its operations and sustain its growth. | noise |
We used the net proceeds from this issuance to redeem all $30 million aggregate principal amount of our First Mortgage Bonds, 7.75% Series due 2025 for approximately $31.3 million, including interest and a redemption premium, and to repay short-term debt. We used the net proceeds from this issuance to redeem all $30 million aggregate principal amount of our First Mortgage Bonds, 7.75% Series due 2025 for approximately $31.3 million, including interest and a redemption premium, and to repay short-term debt. We have firm transportation agreements with Southern Star Central Pipeline, Inc. with original expiration dates of July 31, 2016, for the transportation of natural gas to the State Line Power Plant for the jointly-owned Combined Cycle Unit. | noise |
Equity and fixed maturity securities that the Company purchased with the intent to sell in the near-term are classified as trading account securities and are reported at estimated fair value. Unsettled trades and the net margin balances held by the clearing broker are presented as a trading account receivable from brokers and clearing organizations. Realized and unrealized gains and losses from trading activity are reported as net investment income and are recorded at the trade date. | noise |
The expected return on pension plan assets is based on our pension plan investment strategy, our expectations for long-term rates of return by asset class, taking into account volatility and correlation among asset classes and our historical experience. The expected return on pension plan assets is based on our pension plan investment strategy, our expectations for long-term rates of return by asset class, taking into account volatility and correlation among asset classes and our historical experience. Our overall investment strategy is to prudently invest plan assets in a well-diversified portfolio of equity and high-quality debt securities to achieve our long-term return expectations. | noise |
The differential between fixed and variable rates to be paid or received is accrued and recognized over the life of the agreements as adjustments to interest expense in the consolidated statements of income. Our investment-grade credit rating at December 31, 2006 was Baa 3 according to Moodys Investors Services, Inc., or Moodys, and BBB, according to Standard & Poors Ratings Services, or S&P. Likewise, the carrying values of all of our senior notes have been increased $18.1 million to reflect their fair values. | noise |
Any gains or losses associated with these contracts will be deferred until maturity and accounted for as components of the Company's investment in TFM. Any gain or loss associated with this contract will be deferred until maturity and accounted for as a component of the Company's investment in TFM. Any gain or loss associated with this contract will be deferred until maturity and accounted for as a component of the Company's investment in TFM. | noise |
The agreements were settled in 2003 and 2004 and the deferred gains or losses associated with the settlements are being amortized as adjustments to interest expense over the 25-year term of the underlying debt. These amounts were not material to consolidated interest expense. | noise |
In March 2002, the Company issued $150 million of Senior Unsecured Notes (the Notes) with a weighted-average interest rate of 6.1% (see Note F). A hypothetical decrease of 1% in the floating rate would not materially affect the Companys financial statements. The variable rates are reset every six months, at which time payment or receipt of interest is settled. | noise |
An entity is required to classify certain assets and liabilities measured at fair value based on the following fair value hierarchy that prioritizes the inputs used to measure fair value: Our foreign pension plan assets are managed by outside investment managers and monitored regularly by local trustees and our corporate personnel. Our foreign pension plan assets are managed by outside investment managers and monitored regularly by local trustees and our corporate personnel. | noise |
The decreases in total nonperforming commercial loans and leases resulted from paydowns and payoffs of $1.4 billion, charge-offs of $640 million, loan sales of $515 million and returns to performing status of $348 million, partially offset by new nonaccrual loan inflows of $1.3 billion and the addition of nonperforming loans and leases from the Fleet Boston portfolio. The decreases in total nonperforming commercial loans and leases resulted from paydowns and payoffs of $1.4 billion, charge-offs of $640 million, loan sales of $515 million and returns to performing status of $348 million, partially offset by new nonaccrual loan inflows of $1.3 billion and the addition of nonperforming loans and leases from the Fleet Boston portfolio. Of the $1.3 billion unamortized net realized deferred gains, a gain of $836 million was included in Accumulated OCI, a gain of $514 million was included as a basis adjustment of Long-term Debt, and a loss of $22 million was primarily included as a basis adjustment to mortgage loans, AFS Securities and Long-term Debt at December 31, 2004. | noise |
The Company uses computer simulation models to test the average life and yield volatility of adjustable rate mortgage pools and collateralized mortgage obligations under various interest rate assumptions to monitor volatility. The Company uses computer simulation models to test the average life and yield volatility of adjustable rate mortgage pools and collateralized mortgage obligations under various interest rate assumptions to monitor volatility. The Company uses computer simulation models to test the average life and yield volatility of adjustable rate mortgage pools and collateralized mortgage obligations under various interest rate assumptions to monitor volatility. | noise |
ASU 2022-06 Reference Rate Reform (Topic 848) - Deferral of the Sunset Date of Topic 848 The standard defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024. ASU 2022-04 Liabilities-Supplier Finance Programs The standard improves the transparency of financial reporting by adding requirements for disclosures related supplier finance programs. ASU 2022-06 Reference Rate Reform (Topic 848) - Deferral of the Sunset Date of Topic 848 The standard defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024. | noise |
Any amounts recorded in Accumulated Other Comprehensive Income will remain in other comprehensive income until such time the forecasted transaction is deemed probable not to occur. Net interest expense was approximately $39.0 million in 2002 as compared to approximately $43.6 million in 2001, a decrease of approximately $4.6 million or 10.6 percent. Also contributing to the decrease was approximately a $1.9 million decrease in interest expense due to Energy Corp. related to lower borrowings in 2002. | noise |
In December 1999, the Securities and Exchange Commission ("SEC") issued Staff Accounting Bulletin ("SAB") No. 101, "Revenue Recognition in Financial Statements." This bulletin summarizes certain of the SEC staffs views in applying generally accepted accounting principles to revenue recognition in financial statements. In December 1999, the Securities and Exchange Commission ("SEC") issued Staff Accounting Bulletin ("SAB") No. 101, "Revenue Recognition in Financial Statements." This bulletin summarizes certain of the SEC staffs views in applying generally accepted accounting principles to revenue recognition in financial statements. In December 1999, the Securities and Exchange Commission ("SEC") issued Staff Accounting Bulletin ("SAB") No. 101, "Revenue Recognition in Financial Statements." This bulletin summarizes certain of the SEC staffs views in applying generally accepted accounting principles to revenue recognition in financial statements. | noise |
Also contributing to the decline in this segments results when compared with 2006 was a $26 million increase in the provision for credit losses, primarily resulting from increased loan balances and higher net charge-offs of Alt-A mortgage loans, and the $13 million gain recognized in 2006 resulting from the accelerated recognition of a purchase accounting premium related to the call of an FHLB Also contributing to the decline in this segments results when compared with 2006 was a $26 million increase in the provision for credit losses, primarily resulting from increased loan balances and higher net charge-offs of Alt-A mortgage loans, and the $13 million gain recognized in 2006 resulting from the accelerated recognition of a purchase accounting premium related to the call of an FHLB The Business Banking segment provides deposit, lending, cash management and other financial services to small businesses and professionals through the Companys banking office network and several other delivery channels, including business banking centers, telephone banking, Internet banking and automated teller machines. | noise |
The income tax benefit recorded in fiscal years 2010, 2009, 2008 for defined benefit pension, postretirement plans and postemployment plans was $67,829, $146,554 and $3,439, respectively. A change in interest rates on long-term debt is assumed to impact the fair value of the debt, but not our earnings or cash flow because the interest on such obligations is fixed. The income tax provision (benefit) recorded in fiscal years 2010, 2009 and 2008 for the unrealized (loss) gain on investments was $0, $25 and $(25), respectively. | noise |
The Company has executed a tri-party agreement to fund the initial margin requirement and any margin calls up to $900,000 (See further information under Debt). If such a loss, or a portion thereof, were to occur, such loss theoretically would be offset by receiving higher prices for physical crude oil sales. If such a loss, or a portion thereof, were to occur, such loss theoretically would be offset by receiving higher prices for physical crude oil sales. | noise |
During 2019, the Company also repaid, upon maturity, $1,000 term loan bearing an interest rate of 3.37% and $500 of senior notes bearing an interest rate of 1.50%, using cash generated by operations and proceeds from issuing commercial paper. In 2020, the Company issued $500 of senior notes due in fiscal year 2030 bearing an interest rate of 2.20% and $500 of senior notes due in fiscal year 2030 bearing interest rate of 1.70%. These master netting agreements generally also provide for net settlement of all outstanding contracts with a counterparty in the case of an event of default or a termination event. | noise |
The Companys obligations under the Agreement continue to be secured by all of its assets, including but not limited to, deposit accounts, accounts receivable, inventory, and the Companys corporate headquarters in Amityville, NY, equipment and fixtures and intangible assets. In addition, the Agreement provides for availability to be limited to the lesser of $11,000,000 or the result of a borrowing base formula based upon the Companys Accounts Receivables and Inventory values net of certain deductions. In addition, the Companys wholly-owned subsidiaries, with the exception of the Companys foreign subsidiaries, have issued guarantees and pledges of all of their assets to secure the Companys obligations under the Agreement. | noise |
It is estimated that a 5% change in the value of the U.S. dollar to the Euro, Pound, Deutsche Mark, Yen, Australian Dollar and New Zealand Dollar would change e 4 L's net loss for the year ended March 31, 1999 by approximately $1.95 million. However, the significant currency devaluation and the economic downturn being experienced in certain foreign regions will have an adverse impact on e 4 L's operating results and cash flows in fiscal year 2000. However, the significant currency devaluation and economic downturn being experienced in certain foreign regions could have a negative impact on e 4 L's operating results and cash flows. | noise |
Mortgage Commitments (concluded) Warehouse lending involves the extension of short-term secured lines of credit to mortgage originators to finance mortgage loans until such loans are purchased by a permanent investor. Mortgage Commitments (concluded) Warehouse lending involves the extension of short-term secured lines of credit to mortgage originators to finance mortgage loans until such loans are purchased by a permanent investor. More specifically, GMAC and its affiliates have entered into contracts to provide automotive financing, to retain mortgage servicing rights and to retain various assets related to mortgage securitization. | noise |
The fair value of the contract as of December 31, 2021 and 2020, reflected a loss position of $2.1 million and $14.1 million, respectively. As a result of the treatment described above, there are no unrealized gains or losses that flow through earnings. As a result of the treatment described above, there are no unrealized gains or losses that flow through earnings. | noise |
Management's objective is to limit the impact of interest rate changes on earnings and cash flows and to lower the overall borrowing costs. The funds were used to pay off the $7,860,000, 8.8% term note, which became due July 1, 2002. On July 1, 2002, the Company entered into an $8,000,000 long-term financing arrangement. | noise |
The Parties acknowledge and agree that all of their transactions, together with this Agreement and the related Confirmation Agreement(s) form a single, integrated agreement, and agreements and transactions are entered into in reliance on the fact that the agreements and each transaction form a single agreement between the Parties. Under the terms of the agreements relating to the receivables purchase facility, each Utility's facility may not be activated or, if activated, will be terminated in the event of a material adverse change in the condition, operations or business prospects of the Utility. It is expressly agreed that the Non-Defaulting Party shall not be required to enter into replacement transactions in order to determine the Termination Payment. | noise |
Credit Facilities bear interest at rates ranging from 0% to 0.50% above the lenders base rate, or at rates ranging from 0.625% to 1.75% above the London Interbank Offered Rate (LIBOR), depending upon our consolidated ratio of debt to earnings before interest, taxes, depreciation and amortization, and as further adjusted under the terms of the 2005 U.S. Credit Facilities bear interest at rates ranging from 0% to 0.50% above the lenders base rate, or at rates ranging from 0.625% to 1.75% above the London Interbank Offered Rate (LIBOR), depending upon our consolidated ratio of debt to earnings before interest, taxes, depreciation and amortization, and as further adjusted under the terms of the 2005 U.S. Credit Facilities bear interest at rates ranging from 0% to 0.50% above the lenders base rate, or at rates ranging from 0.625% to 1.75% above the London Interbank Offered Rate (LIBOR), depending upon our consolidated ratio of debt to earnings before interest, taxes, depreciation and amortization, and as further adjusted under the terms of the 2005 U.S. | noise |
FOREIGN CURRENCY TRANSLATION - Assets and liabilities of foreign subsidiaries are translated into U.S. dollars at year-end exchange rates and income and expenses and cash flows at monthly weighted average rates. COGENERATION PROJECTS - The note payable for $50,493 represents a loan under a bank credit facility to a limited partnership whose general partner is a Special-purpose Project Subsidiary. Foreign currency transaction gains/(losses) for 1997, 1996 and 1995 were approximately $2,600, $(500) and $(1,600), respectively [$1,700, $(320) and $(1,000) net of taxes]. | noise |
This statement defines comprehensive (loss) income as the changes in equity of an enterprise except those resulting from stockholders transactions. Accordingly, comprehensive (loss) income includes certain changes in equity that are excluded from net (loss) income. The counterparty to the arrangement was the bank which holds the mortgage for the Cortlandt Medical Center. | noise |
At December 31, 2019, the Company had borrowed $348.8 million under the Tranche B-1 Loans at an interest rate of 4.19%, $230.9 million under the Tranche B-2 Loans at an interest rate of 4.19%, and $226.0 million under the Tranche B-3 Loans at an interest rate of 4.19%. At December 31, 2018, the Company had borrowed $352.3 million under the Tranche B-1 Loans at an interest rate of 5.05%, $233.2 million under the Tranche B-2 Loans at an interest rate of 5.05%, and $228.3 million under the Tranche B-3 Loans at an interest rate of 5.05%. At December 31, 2017, the Company had borrowed $354.8 million under the secured term loan facility at an interest rate of 4.07% and 248.1 million (approximately $297.9 million) under the secured Euro term loan facility at an interest rate of 2.75%. | noise |
At July 31, 2004, the Company had fixed-rate debt of $6,570,830 and variable rate debt of $3,280,989. At July 31, 2004, the Company had fixed-rate debt of $6,570,830 and variable rate debt of $3,280,989. | noise |
The table below presents principal amounts and related weighted-average interest rates by maturity date for the company's long-term debt obligations outstanding at year-end 2000. The differentials paid or received during the terms of such agreements are accrued as interest rates change and are recorded as adjustments to interest and debt expense. The differentials paid or received during the terms of such agreements are accrued as interest rates change and are recorded as adjustments to interest and debt expense. | noise |
Subsets and Splits
CMP Labels with Stock or Employee
Retrieves rows where the label is 'cmp' and the text mentions 'stock' or 'employee', providing a basic filtered view of the data.
Select Law Labels
Returns all entries from the train dataset labeled as 'law', providing a basic filter without much analytical insight.
Select Text and Label
The query retrieves text and label pairs from the train dataset, providing a basic view of the data without much analytical insight.