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Net gains and losses on foreign currency transactions included in the accompanying Consolidated Statements of Income were a net gain of $104 in fiscal year 2018 and net losses of $2,499 and $1,567 in fiscal years 2017 and 2016, respectively. 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. As of September 29, 2018, the amount projected to be reclassified from AOCI into earnings in the next 12 months was a net gain of $618. | noise |
Some off-balance sheet items such as letters of credit and loan commitments are taken into account by applying different categories of "credit conversion factors" to arrive at credit-equivalent amounts, which are then weighted in the same manner as balance sheet assets involving similar counterparties. This asset-sensitive position, while improving net interest margin when interest rates rise and assets are repricing to higher rates in advance of liabilities, negatively impacts margin when interest rates are falling. To the extent that they are linked to assets and liabilities that are valued on an historical cost basis, accrual or deferral based accounting is applied. | noise |
Our potential loss over one year that would result in a hypothetical and instantaneous increase of one full percentage point in the interest rate on the variable portion of the senior term loan would increase annual interest expense by approximately $0.4 million. Treasury obligations 3,539 - 3,539 -
U.S. Treasury obligations 7,046 - 7,046 -
U.S. | noise |
Life science
PHARMACEUTICAL is the world's leading producer of binders research.
and disintegrants, Avicel microcrystalline cellulose and
Ac-Di-Sol croscarmellose sodium, as well as other specialty
excipients. Life science
PHARMACEUTICAL is the world's leading producer of binders research.
and disintegrants, Avicel microcrystalline cellulose and
Ac-Di-Sol croscarmellose sodium, as well as other specialty
excipients. LITHIUM is one of the world's leading producers of Pharmaceuticals, batteries, air conditioning, rubber and
lithium-based products. plastic, aluminum, ceramics and glass, lubricating greases. | noise |
On _February 14, 2017,_ we issued $300,000 aggregate principal of 10-year unsecured public notes (_10_ -year Public Notes) due _February 15, 2027_ with a fixed coupon of 4.00 percent. We maintain master netting arrangements that allow us to net settle contracts with the same counterparties; we do _not_ elect to offset amounts in our Consolidated Balance Sheet. The increase in the overall effective tax rate for 2020 compared to 2019, excluding the impact of discrete items, is primarily due to the ongoing effects of U.S. | noise |
If interest rates continue to increase, our debt service obligations on any variable rate indebtedness could increase even though the amount borrowed remained the same, which could adversely impact our results of operations. As of April 29, 2023, the outstanding balance under the revolving credit facility includes $145.4 million of euro-denominated borrowings which was primarily used to fund the Company's acquisition of Nordic Lights. Gains and losses reported in AOCI are reclassified to earnings only when the related currency translation adjustments are required to be reclassified, usually upon sale or liquidation of the investment. | noise |
**Use of estimates:** The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. A deferred income tax charge associated with accruals of minimum pension liability is included in Other Comprehensive Income (OCI) for each year ended September 30 as follows: $1,327,000 in 2006, $56,000 in 2005, and $448,000 in 2004. | noise |
Energy costs including electricity used in our Chlor Alkali Products segment, and certain raw materials and energy costs, namely copper, lead, zinc, electricity, and natural gas used primarily in our Winchester segment products are subject to price volatility. At December 31, 2008, the estimated fair value of debt was $221.0 million (2007$265.0 million), which compares to debt recorded on the balance sheet of $252.4 million and $259.0 million at December 31, 2008 and 2007, respectively. If commodity prices were to remain at the levels they were at December 31, 2008, approximately $19.3 million of deferred losses, net of tax, would be reclassified into earnings during the next twelve months. | noise |
Applicable fixed rates of 5.63% and 5.39%, respectively, are compared to the U.S. dollar LIBOR rates every three months as a basis for payment or receipt of the rate differential as applied to the then covered notational amount. The value of these off balance sheet agreements at March 31, 1996 was not material to the Corporation's consolidated financial position. | noise |
Gains for the years ended December 31, 2010 and 2009 which are included in earnings and are attributable to the change in unrealized gains or losses relating to assets or liabilities valued using significant unobservable inputs and still held at each year end were $21.1 million and $243.1 million, respectively. Gains for the years ended December 31, 2010 and 2009 which are included in earnings and are attributable to the change in unrealized gains or losses relating to assets or liabilities valued using significant unobservable inputs and still held at each year end were $21.1 million and $243.1 million, respectively. Because we intended to sell the investment, we recognized an other-than-temporary impairment loss of $23.7 million during the third quarter of 2009 and subsequently sold the investment in the following quarter for a realized investment gain of $2.1 million. | noise |
In furtherance of and to the extent consistent with the sale foregoing, except to the extent that this Agreement provides for a contrary specific course of action, the Servicer will be required to service and administer the Eligible Loans (y) in the same manner in which, and with the same care, skill, prudence and diligence with which it services and administers similar mortgage loans for other third-party portfolios, giving due consideration to customary and usual standards of practice of prudent institutional residential mortgage loan servicers used with respect to loans comparable to the Eligible Loans, or (z) in the same manner in which, and with the same care, skill, prudence and The primary assumption used in these models is that a 10% increase or decrease in the benchmark interest rate produces a parallel shift in the yield curve across all maturities. The Company presently does not anticipate nonperformance by any of the counterparties and no material loss would be expected from such nonperformance. | noise |
Trade receivable balances outside the United States generally are outstanding for longer periods than in the United States. Trade receivable balances outside the United States generally are outstanding for longer periods than in the United States. This reclassification was net of approximately $0.7 million of associated tax effects. | noise |
As of December 31, 2016, our outstanding principal debt included $428.4 million outstanding under our revolving senior credit facility and term loan, $1.5 million outstanding under foreign long term liabilities and $0.5 million used for import and export guarantees and bank acceptance notes. Short-term investments of $29.8 million consist of investments such as time deposits, which are highly liquid with maturity dates greater than three months at the date of purchase. The short-term investments are valued under the fair value hierarchy using Level 2 Inputs. | noise |
The Company will receive variable rate interest payments based upon one-month U.S. dollar SOFR, and in return the Company will be obligated to pay interest at a weighted average fixed interest rate of 2.50%. These contracts resulted in realized gains (losses) recorded in other expense, net of $(6.2) million, $0.4 million and $(3.2) million for the years ended October 31, 2022, 2021 and 2020, respectively. We receive variable interest rate payments based upon one-month U.S. dollar SOFR, and in return are obligated to pay interest at a weighted average fixed interest rate of 2.50%, plus a spread. | noise |
The preparation of financial statements in conformity with GAAP requires us to make estimates and judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the revenues and expenses of the periods reported. The preparation of financial statements in conformity with GAAP requires us to make estimates and judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the revenues and expenses of the periods reported. As a result, changes in the underlying assumptions or use of alternative valuation methods could affect the reported fair value of some of these contracts. | noise |
The Companys line of credit is still equal to 85% of its eligible accounts receivable and 25% of its eligible net inventory up to a maximum of $3,150,000, and provides a term loan of $850,000 collateralized by a mortgage on the 205 Express Street property. The Companys line of credit is still equal to 85% of its eligible accounts receivable and 25% of its eligible net inventory up to a maximum of $3,150,000, and provides a term loan of $850,000 collateralized by a mortgage on the 205 Express Street property. On April 30, 2002, the Company renewed its collateralized lending agreement with its bank, as amended, with the same terms and conditions as above except for an increase in the inventory availability maximum from $1,000,000 to $1,500,000. | noise |
FIG provides financial institution clients with a wide range of correspondent banking products including international payments processing (wire transfers and checks), trade-related payments and financing, cash management, loans, extensions of credit and investment products, including third-party distribution of AEB offshore mutual funds. The detrimental effect on TRS' pretax earnings of a hypothetical 100 basis point increase in interest rates would be approximately $64 million ($50 million related to the U.S. dollar) and $50 million ($40 million related to the U.S. dollar), based on the 2003 and 2002 year-end positions, respectively. Conversely, in a low interest rate environment, such as that experienced recently, margins may be negatively impacted as the interest rates available on the IDS Life Companies' invested assets approach guaranteed minimum interest rates on the insurance or annuity contracts. | noise |
The Company pays the counterparties a fixed rate of 5.14% per annum and receives payments based upon the floating three-month Eurodollar rate. The Company pays the counterparties a fixed rate of 5.14% per annum and receives payment based upon the floating three-month Eurodollar rate. | noise |
Energy costs including electricity used in our Chlor Alkali Products segment, and certain raw materials and energy costs, namely copper, lead, zinc, electricity, and natural gas used primarily in our Winchester segment products are subject to price volatility. In addition, the ineffective portion of changes in fair value resulted in $(0.1) million, $0.1 million and zero (charged) credited to earnings for the years ended December 31, 2007, 2006 and 2005, respectively. At December 31, 2007, the estimated fair value of debt was $265.0 (2006$267.6), which compares to debt recorded on the balance sheet of $259.0 and $253.9 at December 31, 2007 and 2006, respectively. | noise |
The amount of depreciation on operating leases principally depends on the amount of leased equipment, and the average term of the lease which generally range from three to five years and residual values which generally range from 30 to 50%. **Currency Exchange and Translation.** The Companys consolidated financial results are reported in U.S. dollars, while significant operations are denominated in the currencies of other countries. **Currency Exchange and Translation.** The Companys consolidated financial results are reported in U.S. dollars, while significant operations are denominated in the currencies of other countries. | noise |
The Company estimates that $754,000 of unrealized losses included in accumulated other comprehensive loss before taxes as of January 28, 2006 will be reclassified to cost of textile services within the next 12 months as natural gas is purchased for consumption in the service centers. The Company estimates that $754,000 of unrealized losses included in accumulated other comprehensive loss before taxes as of January 28, 2006 will be reclassified to cost of textile services within the next 12 months as natural gas is purchased for consumption in the service centers. These contracts, combined with existing fixed price contracts for the physical delivery of natural gas, effectively fix the cost for approximately 60% of our total natural gas requirements for the next two years, and 40% and 18% for the third and fourth years, respectively. | noise |
At any time during the three years, the Company may elect to convert the loan to a four year term with equal quarterly principal payments due throughout the term to amortize the loan in full. Assets, liabilities and commitments that are to be settled in cash and are denominated in foreign currencies for transaction purposes are sensitive to changes in currency exchange rates. A hypothetical 1% immediate increase in interest rates would adversely affect the Company's 2001 and 2000 net earnings and cash flows by approximately $100,000 and $50,000, respectively. | noise |
The Company estimates that approximately 5% to 10% of the Company's net sales are generated from government contractors and subcontractors whose products are used by the defense industry. The Company estimates that approximately 5% to 10% of the Company's net sales are generated from government contractors and subcontractors whose products are used by the defense industry. In particular, outstanding debt under the Company's Credit Agreement is carried at variable interest rates related primarily to the Eurodollar interest rate and to the U.S. prime rate. | noise |
The year-to-year decrease in interest income was attributable to less income earned on our invested cash balances due to the decline in interest rates during fiscal 2003 as a result of actions taken by the Federal Reserve Board and our decision to increase our holdings of higher credit quality yet lower interest-bearing investments. The year-to-year decrease in interest income was attributable to less income earned on our invested cash balances due to the decline in interest rates during fiscal 2003 as a result of actions taken by the Federal Reserve Board and our decision to increase our holdings of higher credit quality yet lower interest-bearing investments. Interest income declined from $133 million in fiscal 2001 to $65 million in fiscal 2002 as a result of less income earned on our invested cash balances due to a decline in interest rates during fiscal 2002. | noise |
As of January 31, 1997 and 1996, the receivable from and payable to banks recorded in current assets and other current liabilities, respectively, associated with closed contract positions was $247,000 and $289,000, respectively. | noise |
Prior to March 31, 2004, our Va R model used the Parametric variance-covariance statistical modeling technique and historical volatilities and correlations over the past 21-trading day period. Prior to March 31, 2004, our Va R model used the Parametric variance-covariance statistical modeling technique and historical volatilities and correlations over the past 21-trading day period. The majority of the contracts in the natural gas and other energy-related product portfolios are financially settled contracts (i.e., there is no physical delivery related with these items). | noise |
Fuel costs represented 31 percent, 31 percent, 25 percent, and 26 percent of total operating expenses during the year ended December 31, 2012 (Successor), the year ended December 31, 2011 (Successor), the period February 13 December 31, 2010 (Successor) and the period January 1 February 12, 2010 (Predecessor), respectively. | noise |
As of September 28, 2012 and September 30, 2011, approximately $0 and ($0.1) million of unrealized net of tax losses, respectively, were recorded in Accumulated other comprehensive loss for these contracts. As of September 28, 2012 and September 30, 2011, approximately $0 and ($0.1) million of unrealized net of tax losses, respectively, were recorded in Accumulated other comprehensive loss for these contracts. As of September 28, 2012 and September 30, 2011, unrealized net of tax losses of approximately $0 and ($1.1) million were recorded in Accumulated other comprehensive loss for these contracts, respectively. | noise |
The NYISO commenced operations in December 1999 as a result of a FERC ruling which promotes competition by requiring public utilities owning, operating, or controlling interstate transmission facilities to file tariffs which offer others the same transmission services they provide for themselves, under comparable terms and conditions. The NYISO commenced operations in December 1999 as a result of a FERC ruling which promotes competition by requiring public utilities owning, operating, or controlling interstate transmission facilities to file tariffs which offer others the same transmission services they provide for themselves, under comparable terms and conditions. For a further discussion of the several PPAs and other financial agreements that Niagara Mohawk has entered into as part of the MRA and the sale of its generation assets, see Note 8 - "Long-term contracts for the purchase of electric power and Note 9." | noise |
Gains or losses on contracts related to existing business transactions are deferred and recognized as the related transaction is completed, while those related to anticipated transactions are recognized as of the balance sheet date. As a result of such agreements, the Company is currently paying an effective fixed annual rate of interest of approximately 5.70% on $100,000,000 of indebtedness, and 12% on $33,000,000 of indebtedness denominated in Italian Lira. The assets and liabilities of the Company's foreign subsidiaries are translated at year-end exchange rates, and resulting gains and losses are accumulated in a separate component of stockholders' equity. | noise |
At October 31, 2009, we had $28.3 million of debt subject to variable short-term interest rates and $188.1 million of fixed rate debt outstanding. At October 31, 2009, we had $28.3 million of debt subject to variable short-term interest rates and $188.1 million of fixed rate debt outstanding. | noise |
These values represent the estimated amount we would receive or pay to terminate agreements, taking into consideration current interest rates, the creditworthiness of the counterparties and current foreign currency exchange rates. Exchange rates can also impact settlement of our intercompany receivables and payables that result from transfers of finished goods inventories between our affiliates in different countries, and intercompany loans. The revaluation of these loans is reflected as a deferred translation gain or loss and thereby offsets a portion of the translation adjustment of the applicable foreign subsidiaries net assets. | noise |
The net amount paid or received upon monthly settlements is recorded as an adjustment to interest expense, while the effective change in fair value is recorded as a component of accumulated other comprehensive income in the equity section of the Corporation's Consolidated Balance Sheets. For information related to the Corporations long-term debt, refer to the Long-Term Debt disclosure in the Notes to Consolidated Financial Statements filed as part of this report. Changes in fair value are recorded as a component of accumulated other comprehensive income in the equity section of the Corporations consolidated balance sheet. | noise |
Although further drilling was carried out on the Ovoid deposit in connection with the preparation of the bankable feasibility study for the initial phase of the project, the development of the mine, mill and related facilities in the Voiseys Bay area, no exploration drilling was carried out in 2002 and none is planned for 2003. Although further drilling was carried out on the Ovoid deposit in connection with the preparation of the bankable feasibility study for the initial phase of the project, the development of the mine, mill and related facilities in the Voiseys Bay area, no exploration drilling was carried out in 2002 and none is planned for 2003. Although further drilling was carried out on the Ovoid deposit in connection with the preparation of the bankable feasibility study for the initial phase of the project, the development of the mine, mill and related facilities in the Voiseys Bay area, no exploration drilling was carried out in 2002 and none is planned for 2003. | noise |
Proved Undeveloped Reserves (PUD) The portion of proved reserves which can be expected to be recovered from new wells on undrilled proved acreage or from existing wells where a relatively major expenditure is required for completion. Reserves-to-Production Ratio Ratio expressing years of supply determined by dividing the remaining recoverable reserves at year end by actual annual production volumes. Secondary Recovery The process of injecting water, gas, etc., into a formation in order to produce additional oil otherwise unobtainable by initial recovery efforts. | noise |
The largest non-participating country is the United Kingdom which provides approximately 13% of the Company's revenues and is a major trading partner with the participating countries. The definitive fixing of the exchange rates will only make this benefit permanent without creating any other issue or opportunity other than eliminating the spread on the spot exchange. At December 31, 1999 and December 31, 1998 the fair value of the outstanding commodity contracts was not material to the Company's earnings, cash flows or financial position. | noise |
The promissory note is secured by a mortgage on the office building purchased by the Company for its corporate offices, which office building was released from the lien granted by the Company to the Bank of America (formerly Nations Bank), as collateral for the loan in January of fiscal year 2000. The promissory note earns interest at the rate of 6.12% per annum, amortized over 20 years with principal and interest payable monthly, with the entire unpaid principal balance and all accrued interest due on August 1, 2008. During the fourth quarter of fiscal year 2001, the Company borrowed the sum of $895,000 from Bank of America (formerly Nations Bank). | noise |
Based on the unrealized loss at November 30, 2000 and the anticipated issuance dates and terms of the related debt, the Company estimates that $.5 million of the deferred loss would be recognized in 2001. The information presented below should be read in conjunction with notes 5 and 6 of the notes to consolidated financial statements. The table that follows provides principal cash flows and related interest rates by fiscal year of maturity at November 30, 2000. | noise |
The new mortgage has a variable interest rate of 30 day LIBOR plus 1.90% and calls for 119 monthly principal payments of $57,279 (along with interest) and one final lump-sum payment of $26,683,779 in May 2025. Further, the carrying amount of fixed rate debt approximates fair value debt since the interest rates on the debt approximates the Companys current incremental borrowing rate. The fair values of accounts receivable, accounts payable and accrued expenses are estimated to approximate their carrying amounts because of their relative short-term nature. | noise |
We have performed sensitivity analyses as of October 31, 2009 and 2008, using a modeling technique that measures the change in the fair values arising from a hypothetical 10% adverse movement in the levels of foreign currency exchange rates relative to the U.S. dollar, with all other variables held constant. We have performed sensitivity analyses as of October 31, 2009 and 2008, using a modeling technique that measures the change in the fair values arising from a hypothetical 10% adverse movement in the levels of interest rates across the entire yield curve, with all other variables held constant. As approximately 64% of our sales are from countries outside of the United States, other currencies, particularly the euro, the British pound, Chinese Yuan Renminbi and the Japanese yen, can have an impact on HP's results (expressed in U.S. dollars). | noise |
At December 31, 2005, the Company had a $2.0 billion 5-Year Revolving Credit Agreement with a group of banks syndicated in the United States, which expires in November 2009. At December 31, 2005, debt agreements with banks syndicated in the United States relate to a $2.0 billion 5-Year Revolving Credit Agreement which expires in November 2009. The increase in interest expense in 2005 is primarily due to the issuance of fixed-rate notes in June 2005, as well as the impact of increasing interest rates. | noise |
For the year ended December 31, 1998, the Company recognized a loss of $606,000 compared to a loss of $2,399,000 in 1997 and a gain of $497,000 in 1996 on these contracts. Outstanding contracts at December 31, 1998, total $15,750,000 and mature in monthly installments of $750,000 at an average exchange rate of A $1.00 = U.S. $.742. Realized and unrealized gains and losses on these contracts are included currently in the results of operations. | noise |
This hypothetical analysis does not take into consideration the effects of the economic conditions that would give rise to such an interest rate change or the Company's response to such hypothetical conditions, nor does it take into effect changes from the December 31, 1999, and 1998 debt amounts. If the interest rate on the Company's fixed-rate debt of $152 and $171 million in 1999 and 1998, respectively, were to change 1 percent, net income would have hypothetically increased or decreased by $.9 and 1 million in 1999 and 1998, respectively. The Company implemented a strategy during 1999, which would allow it to operate in a Euro environment during the transition period, January 1, 1999 through December 31, 2001, and after full Euro conversion, effective July 1, 2002. | noise |
As of December 31, 2006, our outstanding debt under our interest-bearing credit agreements was $239.9 million, including $230 million convertible notes with a fixed interest rate of 2.25%. Based on an increase or decrease in interest rates by 1.0% for the year, our annual interest rate expense would increase or decrease by approximately $99,000. | noise |
These decreases in value are included in "accumulated other comprehensive loss." A summary of our financial liabilities that are measured at fair value on a recurring basis, by level within the fair value hierarchy is as follows: In addition, we owned a 30% interest in a joint venture that had $34.4 million of debt secured by two properties as of December 31, 2015. In addition, we owned a 30% interest in a joint venture that had $34.4 million of debt secured by two properties as of December 31, 2015. | noise |
The carrying amounts of these contracts totaled $14.7 million recorded in Accounts and Notes Receivable at December 31, 1996, compared to $24.6 million in Other Current Liabilities at December 31, 1995. The 6 5/8% Notes due 2006 have a face amount of $250 million and are reported net of unamortized discount of $1.0 million. | noise |
See Commitments and Contingencies summarized below, as well as Note 6 to the consolidated financial statements included in Part II, Item 8, Financial Statements and Supplementary Data for more details related to these obligations. Our cash flows from operating activities are subject to significant volatility due to changes in commodity prices for crude oil, NGL and natural gas products, as well as variations in our production. While some of these rules have been finalized, some have not been finalized or implemented, and it is not possible at this time to predict when this will be accomplished. | noise |
The new guidance is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years, which will be our interim period beginning January 1, 2017. The new guidance is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years, which will be our interim period beginning January 1, 2017. We are evaluating the impact of this standard and currently do not anticipate it will have a significant impact on our consolidated financial statements. | noise |
Through the year ended November 30, 2022, there was no material impact to our consolidated financial statements as a result of the LIBOR phase-out, nor do we expect it to have a material impact on our consolidated financial statements during the duration of the LIBOR transition period. Certain of these agreements include fallback language, or the contractual provisions that lay out the process through which a replacement rate can be identified if the previously identified benchmark is not available, that will facilitate the transition to a new reference rate. On November 30, 2022, we had total outstanding variable rate debt of approximately $1,295 million, including $1,237 million of short-term borrowings, at a weighted-average interest rate of approximately 4.2%. | noise |
For example, as a result of an increase in the level of work performed in Iraq or the DCAA's review of additional aspects of our services performed in Iraq, it is possible that we may, or may be required to, withhold additional invoicing or make refunds to our customer, some of which could be substantial, until these matters are resolved. For example, as a result of an increase in the level of work performed in Iraq or the DCAA's review of additional aspects of our services performed in Iraq, it is possible that we may, or may be required to, withhold additional invoicing or make refunds to our customer, some of which could be substantial, until these matters are resolved. Second, we are not submitting $141 million of additional food services invoices until an internal review is completed regarding the number of meals ordered by the Army Materiel Command and the number of soldiers actually served at dining facilities for United States troops and supporting civilian personnel in Iraq and Kuwait. | noise |
During the fourth quarter of 2008, prices declined somewhat from the mid-year highs as a result of an anticipated decrease in demand associated with deteriorating economic conditions in addition to strengthening of the U.S. dollar in relation to other relevant foreign currencies. During the fourth quarter of 2008, prices declined somewhat from the mid-year highs as a result of an anticipated decrease in demand associated with deteriorating economic conditions in addition to strengthening of the U.S. dollar in relation to other relevant foreign currencies. For each of the three years in the period ended December 31, 2008, we satisfied these obligations by taking delivery of and making payment for the specific commodities. | noise |
During the second quarter of 2018, the Company repaid U.S. $275 million 6.500% 10-year Notes at maturity for a total of U.S. $275 million ($352 million) and $375 million 6.250% 10-year Medium Term Notes at maturity for a total of $375 million. The accounts of the Companys foreign subsidiaries are translated into Canadian dollars using the year-end exchange rate for assets and liabilities and the average exchange rates during the year for revenues, expenses, gains and losses. Protective Direction 39 was issued on September 19, 2018 and eliminated the ability to ship crude oil in unjacketed CPC 1232 tank cars after November 1, 2018, as well as certain condensates after January 1, 2019. | noise |
Distributions on these Trust Securities are payable quarterly based on an annual floating rate determined quarterly with reference to a three-month LIBOR rate plus a margin. Distributions on these Trust Securities are payable quarterly based on an annual floating rate determined quarterly with reference to a three-month LIBOR rate plus a margin. The only assets held by the trust are $155 million principal amount of Floating Rate Junior Subordinated Debentures Series A (Series A Debentures) of TXU Gas. | noise |
Gains or losses on these contracts are recognized when the underlying transactions settle and are recorded in the income statement or as a component of the underlying asset or liability, as appropriate. Long-term debt represents publicly-held unsecured notes and debentures and certain notes payable to banks used to finance long-term investments such as business acquisitions. Long-term debt represents publicly-held unsecured notes and debentures and certain notes payable to banks used to finance long-term investments such as business acquisitions. | noise |
If management subsequently determines that the securities will be held longer than temporarily, the related securitization transaction must be re-recognized as a secured borrowing with loans classified as held for investment and recorded at their fair value ("Mortgage Loans Held in SPEs") with an equal and offsetting amount recorded as asset-backed secured financing until the repurchased securities are sold. Government-sponsored enterprises 255,205 255,205
U.S. Treasury securities 3,974,806 1,801,221
Collateralized mortgage obligations 1,988,054 3,307,594
Obligations of U.S. | noise |
In fiscal 2003, and from May 3, 2002 through May 30, 2002, the Company reclassified $1,177,000 ($706,000 net of tax) and $328,000 ($197,000 net of tax) from other comprehensive loss to interest expense, respectively. The Company expects to reclassify approximately $671,000 ($403,000 net of tax) of loss into earnings during fiscal 2004. We expect to reclassify approximately $671,000 ($403,000 net of tax) of loss into earnings during fiscal 2004. | noise |
In the court proceedings, LBIE seeks a declaration that Firth has a contractual obligation to pay the amounts owing to LBIE under the agreements upon its emergence from insolvency proceedings which is expected to occur by 2023, which LBIE claims to be approximately $64, plus applicable interest. In the court proceedings, LBIE seeks a declaration that Firth has a contractual obligation to pay the amounts owing to LBIE under the agreements upon its emergence from insolvency proceedings which is expected to occur by 2023, which LBIE claims to be approximately $64, plus applicable interest. Given the importance of the case for LBIE and Firth, it is expected that irrespective of the outcome of the most recent hearing, the case will be appealed and any requirement for the parties to pay amounts under the agreements will be stayed. | noise |
On September 14, 2011, the Company refinanced its senior revolving credit facility and entered into a new mortgage note payable. The accumulated loss had an unamortized balance of $779 and $0 at September 14, 2011 and December 28, 2013, respectively. | noise |
The CDS relates to a borrowing provided by the financial institution to one of our primary customers in Mexico, a portion of the proceeds of which was utilized by this customer to pay certain of our outstanding receivables. The CDS relates to a borrowing provided by the financial institution to one of our primary customers in Mexico, a portion of the proceeds of which was utilized by this customer to pay certain of our outstanding receivables. We use a sensitivity analysis model to measure the impact of potential adverse movements in foreign currency exchange rates and interest rates. | noise |
While we will continue to evaluate the impact of the Euro conversion over time, based on currently available information, we do not believe that the conversion to the Euro currency will have a material adverse impact on our consolidated financial condition, cash flows or results of operations. Long-term floating rate notes, long-term equity investments and time deposits are also carried at amounts that approximate fair value. At October 31, 1998, unrealized gains were $63 million and unrealized losses were $292 million. | noise |
Including accretion of the fair-value adjustment and amortization of a $1.2 million discount recognized upon issuance, interest expense on the 8 7/8% Notes Due 2010 will be recognized at an annual effective interest rate of 5.6%. **8 7/8% Notes due 2010:** The $200 million aggregate principal amount of 8 7/8% Notes contain certain covenants limiting the incurrence of additional liens. Administrative Committee, or its designated representative. | noise |
ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Three levels of the fair value hierarchy defined by ASC 820 are as follows: | noise |
**_Total comprehensive income_** In addition to net income, total comprehensive income includes changes in equity that are excluded from the consolidated statements of operations and are recorded directly into a separate section of stockholders equity on the consolidated balance sheets. As can be seen from the above table, on a gross basis, our effective interest rate decreased to 2.5%, as compared to 3.4% in 2013, due to lower interest rates on our new senior credit facility agreement. Losses in other comprehensive income that were expected to be reclassified to earnings in the coming 12 months were $564 and $689 at the end of December 31, 2013 and December 31, 2012, respectively. | noise |
Significant increases in the prices of commodities, sourced components, finished goods, energy or other commodities could cause product prices to increase, which may reduce demand for products or make the Company more susceptible to competition. Significant increases in the prices of commodities, sourced components, finished goods, energy or other commodities could cause product prices to increase, which may reduce demand for products or make the Company more susceptible to competition. The Company and its suppliers also use natural gas and electricity in manufacturing products and natural gas and electricity prices have historically been volatile. | noise |
Since 1976, the Company has tried, settled or summarily disposed of approximately 63,800 claims for a gross cost of $20.8 million ($12.6 million after insurance recoveries from signed agreements), including legal fees, expenses and indemnity payments. Since 1976, the Company has tried, settled or summarily disposed of approximately 63,800 claims for a gross cost of $20.8 million ($12.6 million after insurance recoveries from signed agreements), including legal fees, expenses and indemnity payments. The fair value of the contracts, based on year-end quoted rates for purchasing contracts with similar terms and maturity dates, approximated carrying value and was also not significant. | noise |
The Company transacts business in various foreign currencies, primarily Irish punt, Deutsche mark, Austrian schilling, Japanese yen and other European currencies. The amount of any gain or loss on these contracts for fiscal years 1998, 1997 and 1996 was not material. | noise |
The Company estimates that a 10% movement of major foreign currencies (Euro, Sterling, Australian dollar and Canadian dollar) in the same direction against the U.S. dollar that held constant over the course of the year would increase or decrease full year net operating income by approximately $50 million. The Company estimates that a 10% movement of major foreign currencies (Euro, Sterling, Australian dollar and Canadian dollar) in the same direction against the U.S. dollar that held constant over the course of the year would increase or decrease full year net operating income by approximately $50 million. During 2007, virtually all of the Companys variable rate borrowings were repaid. | noise |
On April 7, 2004, the PSB approved the Company's plan for use of these funds, which included a $0.2 million grant to the Vermont Small Wind Solar Fund, and the remaining balance for creation of a Renewable Development Trust Fund. On April 7, 2004, the PSB approved the Company's plan for use of these funds, which included a $0.2 million grant to the Vermont Small Wind Solar Fund, and the remaining balance for creation of a Renewable Development Trust Fund. Based on a PSB approved Accounting Order, the changes in fair value are recorded as deferred charges or deferred credits on the Consolidated Balance Sheets depending on whether the fair value is an unrealized loss or gain. | noise |
Gains and losses from the revaluation of these contracts, based on published currency exchange rates, along with offsetting gains and losses resulting from the revaluation of the underlying transactions, are recognized in earnings or deferred and recognized in the basis of the underlying transaction when completed. Any gains or losses arising from the cancellation of the underlying transactions or early termination of the foreign currency exchange contracts would be included in earnings. International Paper continually monitors its positions with and the credit quality of these financial institutions and does not expect nonperformance by the counterparties. | noise |
In 2002, GAFRI chose to suspend new sales of equity-indexed annuities due primarily to a lack of volume. In 2002, GAFRI chose to suspend new sales of equity-indexed annuities due primarily to lack of volume. In addition to traditional fixed rate annuities, GAFRI offers variable and equity-indexed annuities. | noise |
Local restrictions on the transfer of funds from branches and subsidiaries located abroad (including the availability of dollar exchange) have not to date been a significant deterrent in the Company's overall operations abroad. In addition, changing currency values can either favorably or unfavorably affect the financial position and results of operations of the Company. | noise |
Short-term investments were certificates of deposits which we intend and have the ability to hold to maturity; therefore, these investments were reported at amortized cost, which was approximately equal to fair value. Short-term investments were certificates of deposits which we intend and have the ability to hold to maturity; therefore, these investments were reported at amortized cost, which was approximately equal to fair value. See Note 5 of the Notes to the Consolidated Financial Statements for additional information regarding the fair value of notes payable, as well as assets and liabilities recorded at fair value. | noise |
The majority of these contracts relate to major currencies such as the Japanese yen, the Australian dollar, and the British pound. Realized and unrealized gains or losses in 1996 and 1995 were not material to the company's results of operations. Realized and unrealized gains or losses in 1996 and 1995 were not material to the company's results of operations. | noise |
This was largely offset by lower net earnings, which included a $260 million non-cash impairment charge and $271 million of non-cash restructuring charges, and a $147 million change in net deferred income taxes. Various methods are used to determine fair values and may include the cost of the investment, most recent financing, and expected cash flows. As of May 31, 2015, $4.1 million of certain accounts receivable were pledged as collateral against a foreign uncommitted line of credit. | noise |
The Company strives to pass along such commodity price increases to customers to avoid profit margin erosion. The Company strives to pass along such commodity price increases to customers to avoid profit margin erosion. During fiscal 2004, the Company retired all of its remaining $110.1 million of 13% Notes. | noise |
Houfek 15,000 37.0% 390,000 877,500
Vernon W. Mules -0- 0.0% -0- -0-
Marion S. Whitfield, Jr. 3,000 7.4% 78,000 175,000
Thomas G. | noise |
Gains or losses on these contracts are recognized as a component of the related transaction over the life of the contract. Sales Order Backlog (Dollars in thousands) Listed below is the backlog at the end of 1996 and 1995. Sales Order Backlog (Dollars in thousands) Listed below is the backlog at the end of 1996 and 1995. | noise |
Partially offsetting these benefits was an increase in the cost of financing the consigned platinum and palladium stocks that support a portion of the precious metal business. Partially offsetting these benefits was an increase in the cost of financing the consigned platinum and palladium stocks that support a portion of the precious metal business. Partially offsetting these benefits was an increase in the cost of financing the consigned platinum and palladium stocks that support a portion of the precious metal business. | noise |
A significant portion of these commitments relate to the Companys interests in and related to QAL, which were sold in April 2005 (see Note 3). A significant portion of these commitments relate to the Companys interests in and related to QAL, which were sold in April 2005 (see Note 3). The balance will likely be incurred in 2006 and 2007, with the majority of such costs being incurred in 2006. | noise |
Last year, a hypothetical 1% increase in interest rates would have adversely affected fiscal 2000's net earnings and cash flows by approximately $1.0 million and reduced the fair value of fixed rate long-term debt by approximately $4.0 million. The Company's long-term debt obligations are primarily at variable LIBOR-associated rates and fixed interest rates and are denominated in U.S. dollars. Two agreements were in place at November 30, 2000 covering the outstanding amount on the multicurrency credit revolver. | noise |
The note payable bears interest at a variable rate equal to one-month LIBOR plus 2.0% and was payable in equal monthly installments of principal of $35, plus interest calculated on the declining balance of the note, with a final payment of $4,165 due on maturity. On March 16, 2022, we entered into a twenty-year $11.0 million note payable to refinance our existing note payable on our distribution center in Adairsville, Georgia (the "Property"). On November 7, 2014, the Company entered into a ten-year $8,330 note payable to purchase a previously leased distribution center in Adairsville, Georgia (the "Property"). | noise |
Assuming a 10% decrease in year-end commodity prices, the settlement obligation would have increased by approximately $36 million at year-end 2010, and $18 million at year-end 2009, generally offset by a reduction in the cost of the underlying commodity purchases. The Notes due 2011 and the Debentures due 2031 may be redeemed in whole or in part by the Company at any time at prices determined under a formula (but not less than 100% of the principal amount plus unpaid interest to the redemption date). Assuming average variable rate debt levels during the year, a one percentage point increase in interest rates would have increased interest expense by approximately $21 million at year-end 2010 and $22 million at year-end 2009. | noise |
The decision to use one or the other or a combination of both is driven by the relationship between the relative interest rate costs and effectiveness of the alternatives, and liquidity needs of the Company. The loans to be securitized are considered held for sale and reclassified to other assets. This creates, in effect, a lower cost fixed rate medium-term obligation. | noise |
Because our consolidated financial statements are presented in U.S. dollars, we must translate revenue, 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. Because our consolidated financial statements are presented in U.S. dollars, we must translate revenue, 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. A significant portion of the Companys business is conducted in currencies other than the U.S. dollar, and changes in foreign exchange rates relative to the U.S. dollar can therefore affect the value of non-U.S. dollar net assets, revenues and expenses. | noise |
We refer you to Note 1 Significant Accounting Policies contained in the Notes to the Consolidated Financial Statements of our Annual Report to Stockholders for the year ended December 31, 2017, which section is incorporated by reference herein. | noise |
ASB enters into IRLCs for residential mortgage loans, which commit ASB to lend funds to a potential borrower at a specific interest rate and within a specified period of time. ASB enters into IRLCs for residential mortgage loans, which commit ASB to lend funds to a potential borrower at a specific interest rate and within a specified period of time. Army for the construction of a 50 MW utility-owned and operated firm, renewable and dispatchable generation facility at Schofield Barracks. | noise |
A rise in interest rates could negatively affect the fair value of our fixed income holdings, while serving to provide greater return on our equity investments. A rise in interest rates could negatively affect the fair value of our fixed income holdings, while serving to provide greater return on our equity investments. Thus, changes in exchange rates between the Canadian dollar and Brazilian real, on the one hand, and the U.S. dollar, on the other, will impact our results. | noise |
If the value of the U.S. dollar were to increase or decrease by 10% in relation to all foreign currencies, the net receivable would increase or decrease by approximately $81.6 million. In 1995, the Company issued, under a $3.5 billion shelf registration statement, $1.0 billion of 7.70% notes due February 2000 and $1.0 billion of 7.90% notes due February 2005. In 1995, the Company issued, under a $3.5 billion shelf registration statement, $1.0 billion of 7.70% notes due February 2000 and $1.0 billion of 7.90% notes due February 2005. | noise |
These agreements, which were terminated in 1996, effectively converted an aggregate principal amount of $150 million of fixed rate long-term debt into variable rate borrowings. The differential interest to be paid or received at the contract termination date, March 1997, will be deferred and amortized over the life of the lease. The differential interest to be paid or received is accrued as interest rates change and is recognized over the life of the agreement. | noise |
The Company sells and purchases products and services in currencies other than the U.S. dollar and pays variable interest rates on borrowings under its primary credit facility. There were no gains or losses on such transactions in 2007, 2006 and 2005, and there were no such transactions outstanding as of December 28, 2007, and December 29, 2006. One contract fixed the rate on $40 million of borrowings at 4.7 percent plus the applicable spread (depending on cash flow leverage ratio) until December 2010. | noise |
Although long-term natural gas supplies appear adequate to meet projected demand, gas prices can be influenced significantly by short-term fundamentals such as weather, storage levels, gas transportation interruptions, and competing fuel prices. Although long-term natural gas supplies appear adequate to meet projected demand, gas prices can be influenced significantly by short-term fundamentals such as weather, storage levels, gas transportation interruptions, and competing fuel prices. The Company estimates this change in prices would reduce the fair value of open contracts by $6.3 million at June 30, 1998. | noise |
In March 2008, the Financial Accounting Standards Board (FASB) issued FASB ASC 815 (SFAS No. 161, _Disclosures about Derivatives Instruments and Hedging Activities, an Amendment of FASB Statement No. 133_.) FASB ASC 815 requires enhanced disclosures about a companys derivative and hedging activities. SFAS No. 161 is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008. The adoption of FASB ASC 815 did not have an impact on results of operations, cash flows or financial position. | std |
In March 2008, the Financial Accounting Standards Board (FASB) issued FASB ASC 815 (SFAS No. 161, _Disclosures about Derivatives Instruments and Hedging Activities, an Amendment of FASB Statement No. 133_.) FASB ASC 815 requires enhanced disclosures about a companys derivative and hedging activities. FASB ASC 815 is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008. The adoption of FASB ASC 815 did not have an impact on results of operations, cash flows or financial position. | std |
In March 2008, the FASB issued ASC 815 (formerly SFAS No. 161, Disclosures about Derivative Instruments and Hedging Activities, an amendment of FASB Statement No. 133) to amend and expand the disclosures about derivatives and hedging activities. The standard requires enhanced qualitative disclosures about an entitys objectives and strategies for using derivatives, and tabular quantitative disclosures about the fair value of derivative instruments and gains and losses on derivatives during the reporting period. This standard is effective for both fiscal years and interim periods that begin after November 15, 2008. The adoption of this standard on December 29, 2008, the beginning of the Companys fiscal year, did not have a material impact on its consolidated financial statements. | std |
In March 2008, the FASB issued SFAS No. 161, Disclosures about Derivative Instruments and Hedging Activitiesan amendment of FASB Statement No. 133 (SFAS 161 or ASC 810-10). ASC 810-10 requires enhanced disclosure related to derivatives and hedging activities and thereby seeks to improve the transparency of financial reporting. Under ASC 810-10, entities are required to provide enhanced disclosures relating to: (i) how and why an entity uses derivative instruments; (ii) how derivative instruments and related hedge items are accounted for under SFAS No. 133, Accounting for Derivative Instruments and Hedging Activities (SFAS 133 or ASC 815), and its related interpretations; and (iii) how derivative instruments and related hedged items affect an entitys financial position, financial performance, and cash flows. ASC 810-10 must be applied prospectively to all derivative instruments and non-derivative instruments that are designated and qualify as hedging instruments and related hedged items accounted for under ASC 815 for all financial statements issued for fiscal years and interim periods beginning after November 15, 2008, with early application encouraged. ASC 810-10 became effective for our fiscal year beginning January 1, 2009. The adoption of ASC 810-10 did not have an effect on our consolidated financial statements. | std |
In March 2008, FASB issued FASB ASC 815-10 (Prior authoritative literature: SFAS No. 161, " Disclosures about Derivative Instruments and Hedging Activitiesan amendment of FASB Statement No. 133). FASB ASC 815-10 requires enhanced disclosures about an entitys derivative and hedging activities. FASB ASC 815-10 is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008 with early application encouraged. As such, Optex Systems Holdings is required to adopt these provisions at the beginning of the fiscal year ended September 27, 2009. The adoption of FASB ASC 815-10 did not have a material impact Optex Systems Holdings financial position, results of operations, or cash flows. | std |
In March 2008, FASB issued FASB ASC 815-10 (Prior authoritative literature: SFAS No. 161, " Disclosures about Derivative Instruments and Hedging Activitiesan amendment of FASB Statement No. 133 ). FASB ASC 815-10 requires enhanced disclosures about an entitys derivative and hedging activities. FASB ASC 815-10 is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008 with early application encouraged. As such, Optex Systems Holdings is required to adopt these provisions at the beginning of the fiscal year ended September 27, 2009. The adoption of FASB ASC 815-10 did not have a material impact Optex Systems Holdings financial position, results of operations, or cash flows. | std |
The Company does not consolidate its subsidiary trusts. FIN 46(R) precludes consideration of the call option embedded in the preferred stock when determining if the Company has the right to a majority of the trusts expected residual returns. The non-consolidation results in the investment in the common securities of the trust to be included in other assets with a corresponding increase in outstanding debt of $676,000. In addition, the income received on the Companys investment in the common securities of the trusts is included in other income. The adoption of FIN 46 R did not have a material impact on the financial position or results of operations. The Federal Reserve has issued final guidance on the regulatory capital treatment for the trust-preferred securities issued by the capital trusts as a result of the adoption of FIN 46(R). The final rule would retain the current maximum percentage of total capital permitted for trust preferred securities at 25%, but would enact other changes to the rules governing trust preferred securities that affect their use as part of the collection of entities known as restricted core capital elements. In June 2009, the FASB issued SFAS No. 167, Amendments to FASB Interpretation No. 46(R) which was codified into ASC 810. SFAS No. 167 seeks to improve financial reporting by enterprises involved with variable interest entities by addressing (1) the effects on certain provisions of FASB Interpretation No. 46 (revised December 2003), Consolidation of Variable Interest Entities, as a result of the elimination of the qualifying special-purpose entity concept in SFAS No. 166, and (2) constituent concerns about the application of certain key provisions of Interpretation 46(R), including those in which the accounting and disclosures under the Interpretation do not always provide timely and useful information about an enterprises involvement in a variable interest entity. This Statement shall be effective as of the beginning of each reporting entitys first annual reporting period that begins after November 15, 2009, for interim periods within that first annual reporting period, and for interim and annual reporting periods thereafter. Earlier application is prohibited. The impact of adoption is not expected to be material. | std |
Effective January 1, 2009, Mattel adopted ASC 815-10 (formerly SFAS No. 161, _Disclosures about Derivative Instruments and Hedging Activities, an amendment of FASB Statement No. 133_). ASC 815-10 amends and expands the current disclosure requirements to provide users of financial statements with an enhanced understanding of (i) how and why an entity uses derivative instruments, (ii) how derivative instruments and related hedged items are accounted for, and (iii) how derivative instruments and related hedged items affect an entitys financial position, results of operations, and cash flows. The adoption of this standard had no impact on Mattels financial statements. | std |
In March 2008, the FASB issued new requirements for FASB ASC 810-10, _ConsolidationsOverall,_ formerly SFAS No. 161, _Disclosures about Derivative Instruments and Hedging Activitiesan amendment of FASB Statement No. 133._ This new guidance requires entities that utilize derivative instruments to provide qualitative disclosures about their objectives and strategies for using such instruments, as well as any details of credit-risk-related contingent features contained within derivatives. It also requires entities to disclose additional information about the amounts and location of derivatives within the financial statements, how the provisions of FASB ASC 815, _Derivatives and Hedging,_ have been applied, and the impact that hedges have on an entitys financial position, financial performance and cash flows. The adoption of these new requirements did not have a material impact on the Companys consolidated financial statements. | std |
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