Not exact matches
In the opinion of the Company's management, adjusted book value per share is useful in an analysis of a property casualty company's book value per share as it removes the
effect of changing prices
on invested assets (i.e., net unrealized investment gains (losses), net of tax), which do not have an
equivalent impact
on unpaid claims and claim adjustment expense reserves.
on a pro forma basis, giving
effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize
on the effectiveness of our registration statement in connection with a qualifying initial public offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an
equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based
on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock
on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in
effect on the completion of this offering.
The pro forma consolidated balance sheet data gives
effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize
on the effectiveness of our registration statement in connection with this offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an
equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based
on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock
on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in
effect on the completion of this offering.
At the Shadow Open Market Committee fall meeting
on Sept. 15, economist Peter Ireland of Boston College argued that the
effect of reducing the balance sheet is ultimately
equivalent to an open - market sale of bonds by the Fed of the kind it would undertake in order to push up the fed funds interest rate.
Taxable
Equivalent Yield: The Taxable
Equivalent Yield assumes the maximum regular federal income tax rate and the Medicare tax in
effect on January 2018.
In terms of own price elasticity values, a recent meta - analysis estimated an average own price
effect for carbonated sugar sweetened drinks (a near
equivalent of the category non-concentrated sugar sweetened drinks, which predominantly includes carbonated drinks) of − 0.93, larger than our value of − 0.81.51 Our estimated value is also at the lower end of the range of own price elasticities frequently cited for sugar sweetened drinks of − 0.8 to − 1.0, based
on one large review.52 Our own price estimate is comparable to experimental data (a 25 % reduction for a 35 % price rise) in a canteen study.53 However, all these estimates may be influenced by US studies in which higher estimates may reflect higher levels of consumption.
The first, Mark Bittman's Food Matters: A Guide to Conscious Eating, focuses
on the
effect industrial meat production has
on the environment («In terms of energy consumption, serving a typical family - of - four steak dinner is the rough
equivalent of driving around in an SUV for three hours while leaving all the lights
on at home»).
One of the top drug and toxicologist Doctors in the U.S. stated that the amount detected in Allonzo's urine is the
equivalent of six grains of salt in 10 Olympic Sized swimming pools, and had zero
effect on his performance.»
For example, the very small increases in the minimum wage that took
effect in eight states
on January 1, 2012 as a result of those states» indexing laws will generate an additional $ 366 million in GDP and create the
equivalent of more than 3,000 full - time jobs, according to an analysis by the Economic Policy Institute.
These reforms have had a significant
effect on the 2014 GCSE and
equivalent results and school league tables.
However, it is important to point out that
on a careful analysis of the European Scrutiny Committee report, the line taken should be that the Reform Treaty «produces an
effect which is substantially
equivalent to the Constitutional Treaty.»
«It would take another two years of training to get the
equivalent of my first degree in Syria,» says Chalati, who is working
on ways to use nanotechnology to deliver drugs into the human body more efficiently and with fewer side
effects.
Michael Oshinsky at Thomas Jefferson University in Philadelphia, Pennsylvania, and colleagues tested the
effect of low doses of ethanol — about the
equivalent of a single drink —
on rats prone to migraines.
Its impact
on climate, the authors say, will be
equivalent to the
effect of the annual greenhouse gas emissions from over half a million cars.
A new study has found that turbulent mixing in the deep waters of the Southern Ocean, which has a profound
effect on global ocean circulation and climate, varies with the strength of surface eddies — the ocean
equivalent of storms in the atmosphere — and possibly also wind speeds.
An international consortium of scientists that was recently assembled to review the science
on BPA for the German UmweltBundesAmt (that country's
equivalent of the Environmental Protection Agency) determined that the research FDA used in its safety assessment was flawed because it failed to consider the chemical's
effects on behavior and prostate development, according to a copy of the group's conclusions provided to ScientificAmerican.com.
It has a somnolent
effect on fruit flies, whose sleep is most likely
equivalent to our slow - wave (non-REM) sleep, says neuroscientist Amita Sehgal of the University of Pennsylvania School of Medicine in Philadelphia.
Dr Li said the latest research findings give a better understanding of changes in human - perceived
equivalent temperature, and indicate global warming has stronger long - term impacts
on human beings under both extreme and non-extreme weather conditions, suggesting that climate change adaptation can not just focus
on heat wave events, but should be extended to the whole range of
effects of temperature increases.
In some studies reporting a positive
effect on learning, drugs were injected at doses
equivalent to injecting a human with about 8 grams of the drug.
Until a reactor at the Chernobyl nuclear power plant exploded
on April 26, 1986, spreading the
equivalent of 400 Hiroshima bombs of fallout across the entire Northern Hemisphere, scientists knew next to nothing about the
effects of radiation
on vegetation and wild animals.
CO 2
equivalents: The GWP value (Global Warming Potential) of a gas is defined as the cumulative impact
on the greenhouse
effect of 1 tonne of the gas compared with that of 1 tonne of CO 2 over a specified period of time.
The latter is not
equivalent to climate change not playing a role, because such results are obtained when the
effect from a warmer atmosphere is in the opposite direction to the
effect on the atmospheric circulation.
They examined the
effect of providing clear and visible caloric information about sugar - sweetened beverages such as soda and fruit juice
on the number of sugar - sweetened beverage purchases at neighborhood stores, and found that providing easily understandable caloric information, specifically in the form of a physical activity
equivalent, may reduce the likelihood of sugar - sweetened beverage purchases among adolescents by as much as half.
canSAR contains information
on the entire human proteome — the protein
equivalent of the human genome - as well as linking to information
on more than 1,000 cancer cells lines, used by researchers to study the
effect of new drugs in the lab.
Three recent experimental studies focused
on low consumption / exposure.949596 In one study, 29 smokers each consumed a single cigarette, immediately after which they had a significant decrease in blood vessel output power and significant increase in blood vessel ageing level and remaining blood volume 25 minutes later, as markers of atherosclerosis.94 In another study, human coronary artery endothelial cells were exposed to the smoke
equivalent to one cigarette, which led to activation of oxidant stress sensing transcription factor NFR2 and up - regulation of cytochrome p450, considered to have a role in the development of heart disease.95 These
effects were not seen when heart cells were exposed to the vapour from one e - cigarette.95 A study exposed adult mice to low intensity tobacco smoke (two cigarettes) for one to two months and found adverse histopathological
effects on brain cells.96
To identify the
effect of pregnancy
on premalignant lesions, we compared mammary glands of RCAS - caErbb2 - infected mice at 1.5, 5.5, and 8.5 weeks post infection, which are
equivalent to pregnancy day 7.5 (P7.5), lactation day 12 (L12), and involution day 10 (I10) in the parous group (Figure 1C).
They say: Eating one egg is the
equivalent of smoking five cigarettes in its
effect on your life expectancy.
In a study analyzing the
effect of caffeine
on sport - specific endurance performances, researchers found that caffeine increased race times by an average of 3 % which is
equivalent to 2 minutes an hour.
Although the animals used in this study had the
equivalent of Type 1 diabetes in humans, the researchers are confident that buckwheat will exert similar glucose - lowering
effects when given to animals with Type 2 diabetes, which is the next study
on their agenda.
We studied 16 adults in a 14 - to 15 - d - long inpatient study and quantified
effects of 5 d of insufficient sleep,
equivalent to a work week,
on energy expenditure and energy intake compared with adequate sleep.
«Given that the
effect of social connections
on risk for heart disease and stroke and death is
equivalent and, in many cases, exceeds that of other factors such as light smoking, obesity, high blood pressure and air quality, we need to start taking social connection seriously for our health,» she said.
There are some amusing bits, like Wu blowing out «It's the Hard Knock Life»
on his flute or an action sequence scored to Jim Croce, but the film's cumulative
effect is utter exhaustion, the cinematic
equivalent of chasing a toddler through a toy store.
Examining longer - term
effects, however, the study's authors found that double - dosed students» scores
on the math portion of the ACT (taken in the spring of 11th grade) were 0.15 standard deviations higher, the
equivalent of closing roughly 15 % of the black - white achievement gap.
As per the American Statistical Association's (ASA) recently released «Statement
on P - Values,» statistical significance «is not
equivalent to scientific, human, or economic significance... Any
effect, no matter how tiny, can produce a small p - value [i.e., «statistical significance»] if the sample size or measurement precision is high enough» (p. 10); hence, one must always check for practical significance when making claims about statistical significance, like Kane et al. actually do here, but do here in a similar inflated vein.
An improvement of two standard deviations
on TIMSS over a year would, in
effect, represent an additional six years of learning per year,
equivalent to multiplying the speed of learning by seven.
Schools that ban mobile phones see better academic results
Effect of ban
on phones adds up to
equivalent of extra week of classes over a pupil's school year
«Our evidence shows missing the
equivalent of just one week a year from school can mean a child is a quarter less likely to achieve good GCSE grades, having a lasting
effect on their life chances,» a spokesman said.
Simply Better: What Matters Most to Change the Odds for Student Success offers not a new «fad diet» for education, but rather the education reform
equivalent of a «healthy lifestyle» — those things that decades of research says are most likely to have a big
effect on student achievement.
The
effect size of 0.62 that Higgins and his colleagues found for achievement in school subjects is
equivalent to moving an «average» class of students from the 50th percentile to the 73rd percentile
on a standardized measure, such as a reading or math test.
Our preferred models suggest that the combined average
effects on test scores of investments in both programs at 2009 funding levels are
equivalent to two to four months of instruction in grade 3.
Induction programs have also been found to accelerate teachers» ability to drive student learning gains: In one study, new teachers who participated in high - quality mentoring and induction programs were able to lead their students to academic gains
equivalent to those of fourth - year teachers who did not receive such support as beginning teachers.63 Similarly, a study of the California Formative Assessment and Support System for Teachers, a statewide induction program, found that the induction program had a positive
effect on both instructional practice and student learning, with students attaining a half - year's additional growth when they were taught by teachers who were highly engaged in the program.64
This conversion uses the
effect size — in the case of the D.C. voucher program, -0.12 standard deviations — to find the
equivalent percentile drop from the 50th percentile
on a normal curve.56
This 0.12 score drop is the
equivalent of an average student in the 50th percentile dropping to the 45th percentile after participating in the D.C. voucher program for one year.36 According to the IES study, participating in the D.C. voucher program had no statistically significant
effect on reading achievement.37
What is the
effect on book value from new shares and their
equivalents?
We could go
on with other intellectual weaknesses of the CPI — substitution
effects, owners
equivalent rent and hedonics, none of which are theoretically wrong, but which are applied wrongly, and lead to an underestimate of inflation.
Texture quality,
effects and shadow draw are much improved
on PC too, even
on medium settings, where the pop - in
on shadows for the console versions suggests that they're running at an
equivalent to the low preset.
Thankfully, there's an excellent tutorial (voiced by Grandmaster Flash) that sets you up with the game's five core mechanics: button taps, crossfades,
effects, scratching and Euphoria - this incarnation's Star Power
equivalent, and soon you're
on your merry way, treading the remix road to stardom via 24 sets of 3 - 5 songs each, earning points and elusive stars for your troubles.
In this estimate, only 4.2 mm per month of liquid water
equivalent are due to the mass added by enhanced precipitation; the vast majority of the
effect (72 mm per month of decreased ablation) is due to the
effect of precipitation
on reflectivity.
Since,
on average, aerosols have a cooling
effect (although some absorbing aerosols like black carbon (soot) are actually adding to global warming), reducing current aerosol levels (particularly sulphates) is
equivalent to an extra warming
effect.
The
equivalent of the null hypothesis is that increasing CO2 has no
effect on climate.