The timing and value of many of these allowances can at times be extremely difficult to predict in advance, resulting in large adjustments after the close
of the fiscal year based on assessments undertaken at that time.
Prepared all department goals and measures reports on monthly, quarterly, end
of fiscal year basis
Not exact matches
Immigration and Customs Enforcement data show that, in
fiscal year 2016, crime -
based removals represented more than 90 percent
of the noncitizens removed from the interior
of the United States.
Businesses with more than 50 employees that do not offer coverage will be taxed
based on the size
of their payrolls, but the cost will be significantly less than the cost
of providing insurance benefits, and the tax is not set to go into effect until the 2014
fiscal year.
Last week, Bernstein analyst Toni Sacconaghi cut his
fiscal -
year earnings - per - share estimate for Apple
based on his team's analysis
of supply - chain companies that «increasingly point [ed] to weakness.»
Last week, Bernstein analyst Toni Sacconaghi cut his
fiscal -
year earnings - per - share estimate for Apple
based on his team's analysis
of supply chain companies that «increasingly point [ed] to weakness.»
«
Fiscal 2018 was a record
year for Xilinx with revenues
of $ 2.5 billion as we realized 8 % annual growth driven by broad -
based strength across multiple markets, reflecting our concerted efforts to accelerate top line growth,» said Victor Peng, President and Chief Executive Officer.
The DEA's assessment
of cartel influence is
based on Consolidated Priority Organization Target cases for
fiscal year 2016.
Actual results, including with respect to our targets and prospects, could differ materially due to a number
of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition in key markets; the risk that we or our channel partners are not able to develop and expand customer
bases and accurately anticipate demand from end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely
basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the economic and political uncertainty caused by the proposed tariffs by the United States on Chinese goods, and any corresponding Chinese tariffs in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up
of production
of our new products, and our entry into new business channels different from those in which we have historically operated; the risk that customers do not maintain their favorable perception
of our brand and products, resulting in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty returns or the potential recall
of our products; ongoing uncertainty in global economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability
of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration
of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers
of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits
of the transaction; the risk that retail customers may alter promotional pricing, increase promotion
of a competitor's products over our products or reduce their inventory levels, all
of which could negatively affect product demand; the risk that our investments may experience periods
of significant stock price volatility causing us to recognize fair value losses on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity
of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization
of products under development, such as our pipeline
of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-
year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development
of new technology and competing products that may impair demand or render our products obsolete; the potential lack
of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10 - K for the
fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.
At the end
of each
of the next 10
fiscal years, if certain benchmarks are met by the agency (financial growth, profitability and overall company health), Linda and I will transfer up to 10 percent
of our equity by granting stock options to all employees
based on the same progressive formula we use to distribute employee cash bonuses.
It helped that this
year's Fortune 500 list is
based on NGL Energy Partners»
fiscal 2015, which ended in March
of last
year, before the worst
of the oil carnage.
Consistent with salary levels set during the prior
fiscal year, each
of our named executive officers, other than Mr. Cook, was paid a
base salary
of $ 1 million for 2015, and Mr. Cook was paid a
base salary
of $ 2 million for 2015.
No Participant shall receive Stock Grants or Restricted Stock Units during any
Fiscal Year covering, in the aggregate, in excess
of 7,000,000 Shares (for this purpose, (A) counting such Shares on a 1 - for - 1
basis and (B) for Stock Grants or Restricted Stock Units as to which the number
of Shares earned is dependent on the level
of attainment
of performance vesting conditions, counting in respect thereof the number
of Shares that may be earned at maximum performance), subject to adjustment pursuant to Section 11.
As discussed in the CD&A under «Compensation Components» and «Achieving Compensation Objectives — Pay for Performance,» we have provided incentive compensation in the form
of an annual cash incentive award
based on Company, business line and individual qualitative performance results for each
fiscal year, and long - term incentive compensation generally in the form
of stock option grants and, in certain circumstances, RSRs to reward our SEOs for contribution to growth in long - term stockholder value.
This margin is determined
based on the total leverage ratio for the preceding
fiscal quarter or
fiscal year and whether a qualified initial public offering has occurred in accordance with the terms
of the revolving credit agreement.
As part
of the changes to the budgetary process in 1994, four private sector forecasting organizations [2] develop detailed
fiscal projections on a National Accounts
basis,
based on the average
of the private sector economic forecasts and the tax and spending policies in place at the time
of the last budget for the next five
years.
Before the end
of the first quarter
of the relevant
fiscal year, the Committee establishes financial and performance targets and opportunities for such
year, which are
based upon the Company's goals for Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) and are linked to our budget and plan for long - term success.
Although this large North American industrial distributor might be «down from prior guidance
of 300
basis points, the company stated that the reduced guidance implies
fiscal year 2016 revenue growth
of between 3 percent and 6 percent,» said Nicholas Wesley Yee, a certified public accountant and director
of research at Gradient Analytics.
Based on Budget 2013 and the Office
of the Parliamentary Officer's economic and
fiscal update, the seven -
year moving - average rate for 2017 is projected to be significantly lower than that for 2016, representing a drop in EI revenues
of between $ 4 - $ 6 billion.
Based on the March 2013 Budget forecast, it will have taken the Government eight
years to offset the
fiscal impact
of the 2008 — 2009 financial crisis (an increase in the federal debt
of $ 172 billion).
Because
of the limitations
of Internal Revenue Code Section 162 (m), we generally receive a federal income tax deduction for compensation paid to our chief executive officer and to certain other highly compensated officers only if the compensation is less than $ 1,000,000 per person during any
fiscal year or is «performance -
based» under Code Section 162 (m).
As disclosed in our Consolidated Financial Statements for the
fiscal year ended October 31, 2010, HP matching contributions under both the HP 401 (k) Plan and the EDS 401 (k) Plan in
fiscal 2010 were on a quarterly, discretionary, performance -
based match
of up to a maximum
of 4 %
of eligible compensation for all U.S. employees to be determined each
fiscal quarter
based on business results.
On a percentage
of sales
basis, we expect to see favorability from food and beverage expenses in the first half
of the
fiscal year as we wrap on elevated inflation that we experienced in the first half
of fiscal 2012.
Based on these assumptions, we estimate the amount we expect to indefinitely invest outside the U.S. and the amounts we expect to distribute to the U.S. and provide for the U.S. federal taxes due on amounts expected to be distributed to the U.S. Further, as a result
of certain employment actions and capital investments we have undertaken, income from manufacturing activities in certain jurisdictions is subject to reduced tax rates and, in some cases, is wholly exempt from taxes for
fiscal years through 2024.
Chicken poultry market prices are slightly higher on a
year - over-
year basis, but we have contracted our usage through December
of 2012 at prices slightly elevated to our
fiscal 2012 cost levels.
On a historic
basis, the value
of bitumen in Alberta was at its lowest since 2008 during
fiscal year 2012 - 2013, averaging just $ 52.78 / bbl, compared to $ 64.58 the previous
year.
Looking at operating profit margins from continuing operations, we expect margin expansion
of approximately 20 to 40
basis points on a full
year basis compared to
fiscal 2012 results.
To permit eligible compensation to qualify as «performance -
based compensation» under Section 162 (m)
of the Code, the HRC Committee sets the overall funding target for the «umbrella» structure for the annual bonuses, and sets performance goals for annual bonuses and equity awards within the first 90 days
of the
fiscal year.
The 2003 Plan currently limits the number
of options and stock appreciation rights that may be granted to any individual during a
fiscal year to 15,000,000 shares, and it limits the number
of stock grants and restricted stock units that may be granted to any individual during a
fiscal year to 5,000,000 shares (counting the shares on a 1 - for - 1
basis for this purpose).
A 2012 Deloitte report published in STORES magazine indicated that
of the world's top 250 largest retailers by retail sales revenue in
fiscal year 2010, 32 %
of those retailers were
based in the United States, and those 32 % accounted for 41 %
of the total retail sales revenue
of the top 250.
Restaurant expenses in the quarter were essentially flat to last
year on a percentage
of sales
basis as lower credit card expenses were offset with increased preopening expense related to 9 net units opens in the quarter and additional openings in early
fiscal 2013.
«RESOLVED, that the shareholders hereby approve, on an advisory
basis, High River's proposal that Apple commit to completing not less than $ 50 billion
of share repurchases during Apple's
fiscal year ending September 27, 2014 (and increase the amount authorized for share repurchases under its Capital Return Program accordingly).»
This is a sharp improvement from the 250
basis points
of unfavorability we reported in the first half
of the
fiscal year and approximately 175
basis points
of unfavorability in the third quarter.
No Participant shall receive Stock Grants or Restricted Stock Units during any
Fiscal Year covering, in the aggregate, in excess
of 1,000,000 Shares (for this purpose, counting such Shares on a 1 - for - 1
basis), subject to adjustment pursuant to Section 11.
Actual results may vary materially from those expressed or implied by forward - looking statements
based on a number
of factors, including, without limitation: (1) risks related to the consummation
of the Merger, including the risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail to obtain shareholder approval
of the Merger Agreement, (c) the parties may fail to secure the termination or expiration
of any waiting period applicable under the HSR Act, (d) other conditions to the consummation
of the Merger under the Merger Agreement may not be satisfied, (e) all or part
of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination
of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee
of $ 74 million, or (c) the circumstances
of the termination, including the possible imposition
of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency
of the Merger may have on BWW and its business, including the risks that as a result (a) BWW's business, operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect
of limitations that the Merger Agreement places on BWW's ability to operate its business, return capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome
of pending and future litigation and other legal proceedings, including any such proceedings related to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A
of BWW's Annual Report on Form 10 - K for the
fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the SEC.
For PARSUs awarded in
fiscal 2014, amounts shown reflect the grant date fair value
of the PARSUs for the two - and three -
year performance periods beginning with
fiscal 2014
based on the probable outcome
of performance conditions related to these PARSUs at the grant date.
For the FY2015 - FY2017 LTI plan, however, the
base -
year year number will be $ 7.12, not reported
fiscal 2014 EPS
of $ 6.75.
The initial January 2009 Budget
fiscal forecast for 2009 - 10 was
based on preliminary
fiscal results for 2008 - 09 (the
base year), which included data available only to the end
of November 2008.
As a result, detailed analysis
of the monthly results following about six months
of data as published in the
Fiscal Monitor, are used to update the fiscal projections during the year, rather than basing adjustments solely on changes to the economic for
Fiscal Monitor, are used to update the
fiscal projections during the year, rather than basing adjustments solely on changes to the economic for
fiscal projections during the
year, rather than
basing adjustments solely on changes to the economic forecast.
Finally,
based on historical experience, not all
of the appropriated funds will be spent during the course
of the
fiscal year.
In
years where the Main Estimates were tabled prior to the Budget, the Main Estimates were
based on the economic and
fiscal assumptions in the last Economic and Fiscal Statement, which is usually released in the fall of the preceding
fiscal assumptions in the last Economic and
Fiscal Statement, which is usually released in the fall of the preceding
Fiscal Statement, which is usually released in the fall
of the preceding
year.
1Generally
based on the 2017 tax reform act («An Act to provide for reconciliation pursuant to titles II and V
of the concurrent resolution on the budget for
fiscal year 2018,» Pub.
GFI is entirely supported by grants and donations.79 Their three largest donors provided a total
of around 25 - 40 %
of their funding in 2016, and we would expect those donors to provide a similar, perhaps slightly larger, amount
of funding in 2017 — though GFI's intention is to raise significantly more money overall.80, 81 GFI's
fiscal management strategy is to spend each
year what it raised the prior
year; this enables them to budget on a rolling 12 - month timeframe.82, 83 Overall, we think that while their funding sources are not especially diverse, they do rely on a relatively broad donor
base and take a responsible and sustainable approach to their finances.
(ii) Any accrued but unpaid Annual Bonus earned with respect to any
fiscal year ending on or preceding the Termination Date («Earned Bonus»); plus for the
fiscal year in which the Termination Date occurs, a pro rata Annual Bonus
based on actual performance for the entire performance period and calculated and paid at the end
of the performance period, at the same time as continuing executives are paid their bonuses (but no later than March 15
of the
year following the
year with respect to which the bonus is calculated)(«Pro-Rata Bonus»);
According to Giancarlo, the $ 31.5 million and 36 FTE increase above the
fiscal year 2017 level is justified
based on an analysis
of areas that will improve efficiency in Commission market structures.
It is
based on data collected during the second and third quarters
of 2017 about donor - advised funds and the charities that operate them in
fiscal year 2016.
With the sugar business accounting for over 13 %
of revenue during the past
fiscal year, stripping it out
of certain parts
of the LTIP may seem like an overly sweet deal for executives, as the value
of the company will continue to be
based on the final reported financials, in which that business will be included.
The professional or fund manager trades the pooled money on a regular
basis and usually at the
fiscal years end will distribute either loss or profit to the clients
of the mutual fund involved.In the United States and Canada there are three basic types
of companies...
We calculated a 1.46 x price - to - sales multiple for Stitch Fix,
based on
fiscal year 2017 sales
of $ 977M and a market cap
of roughly $ 1.43 B.
The agreement also sets a target award value for annual long - term incentive compensation awards at twice Mr. Braverman's annual
base salary at the end
of the
fiscal year, but the Committee retains discretion to adjust this target value.