Not exact matches
The improvement in the current fiscal results was due to higher revenues and lower
public debt charges,
which more than offset higher program
expenses.
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.
Monetizing debt creation at the
expense of households worsens the imbalances and makes the economy even more dependent on
public sector investment,
which means that the debt burden would grow even more quickly.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in
which we operate; the volatility of capital markets; increased pension, labor and people - related
expenses; volatility in the market value of all or a portion of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in
which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the
public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.
In 2007 something went wrong with the Ponzi racket certain big institutions had going, in
which they enriched themselves at the
expense of the
public through an officially supported commercial credit bubble.
Village officials hope making the payment will help stave off future downgrades, but the entire hotel boondoggle is already a prime example of a government's misguided priorities in
public investment,
which comes at the
expense of taxpayers.
The expenditures upon
which we seek a report are those that Congress has said to not warrant a deduction as an ordinary and necessary business
expense, namely, lobbying, participation in the political system by supporting or opposing candidates for office, and trying to influence the general
public or segment thereof as to elections, legislative matters or referenda.
The LDS Library is currently with the help of thousands of volunteers (of
which you do NOT have to be Mormon) are transcribing the information to go up online and it will be available to the
public again at NO
EXPENSE.
Another point of vulnerability in the system is the industry «s own defensiveness and sense of guilt
which sometimes is expressed in management «s desire to produce a few quality programs even at the
expense of achieving maximum profits, in order to project a «quality» or
public - service image to the populace.
In our corporate consumerist American culture
which celebrates hedonistic materialism and where aggression and a lack of ethics often results in short term economic gain [at the
expense of long - term sustainability], taking a
public stand for universal human values is likely to result in the end of career advancement or even job loss.
Furthermore, any pro-breastfeeding message
which you send to the
public will certainly be diluted by the fact that you are simultaneously tacitly endorsing formula feeding through this partnership, necessarily at the
expense of breastfeeding and the health of infants and young children.
First there are three critical problems with the structure of our economy - the dominance of government spending on recurrent
expenses of a
public service
which employs only a small percentage of Nigerians; the dominance of our oil and gas sector (and until recently power) by an inefficient and corrupt
public sector; and the structure of our financial sector
which excludes Small, Medium and Micro Enterprises from financing and has been unable to provide mortgages and housing for the middle class.
She says the
expenses scandal of 2009 — when MPs» abuses of the allowances system were exposed — sent
public confidence in Westminster into a crisis from
which it has barely emerged.
The Manhattan Community Award Program (MCAP), through
which the office of Borough President Gale Brewer provides funding for programming and operational
expenses to nonprofit organizations and
public schools, now has applications available online at bit.ly / MBPOgrants.
I think David Cameron did make one quite bad misjudgment over Maria Miller and that is not to realise that the
public is still very, very angry indeed at the
expenses issue,
which our poll underlines tonight.
According to reports, NYIA's agenda is the enactment of the controversial Education Tax Credit
which benefits private and parochial schools, potentially at the
expense of
public schools.
The
Public Protection and General Government Article 7 bill submitted with Cuomo's 2016 Executive Budget (as amended) identifies three exceptional situations in
which the windfall money could be diverted from a newly created Infrastructure Investment Fund into the state's all - purpose general fund, most of
which supports operating
expenses.
«Further savings should not be at the
expense of jobs and services
which would damage
public services and be bad for the economy.
A study of the links between the
expenses scandal and different kinds of political reform shows the case for the alternative vote is among those
which benefit the least from the
public's reaction to the MPs» allowances scandal.
«I think the fact that they (the de Blasio administration) are trying to coordinate the city provisions with the state provisions makes lot of sense, but I don't think it will have a major effect on small businesses,
which are more concerned with cutting operating
expenses,» said Fred LaMarca, a certified
public accountant and partner with Potter & LaMarca in Charleston.
Senate Democratic official added: «There are no plans to print this at the taxpayers
expense because it won't allow us to use
public funds for political purposes to retake the Senate,
which is what most of what our
public funds are used for.»
The stringent new rules,
which come in the wake of the
expenses scandal, are likely to provoke further objections from MPs, but all three party leaders have indicated their willingness to uphold them, in a bid to allay
public anger over the allowances debacle.
The aftermath of the controversy has seen the Commons vote through a num - ber of changes already, such as stopping outer London MPs claiming for second homes, getting MPs to publish all receipts to back up all
expense claims, and making
public full details of second jobs,
which has already begun.
«Early indications are that community colleges, to
which most of the implemented programs have been targeted, will benefit from enrollment growth at the
expense of regionally oriented four - year
public universities,» the report states.
I was not convinced that a member of the
public had taken the time to search the Ipsa website for my
expenses and then authored an inaccurate attack
which matched the attack by the newspaper journalist.
When parliament was recalled for the summer riots in 2011 it cost the taxpayer # 43,857, but that didn't include payments for MPs travel
expenses,
which would see
public money stumped up to get them back to London from anywhere in the world.
Huge
public interest in the case follows last year's
expenses scandal, in
which many MPs were questioned for their use of
public money.
Sadly Ms Dorries» actions have diminished the reputation of Parliament at a time when
public trust in politicians is still recovering from the
expenses crisis (something to
which the MP for Mid Bedfordshire is no stranger).
Wonder if Mangano's phone is provided at
public expense —
which would make records foilable.
The data was included along with swipe card records that indicated whether lawmakers were in
public buildings on the days they put in for the daily payments of $ 172,
which is intended to cover lodging and meal
expenses while in Albany.
The long - awaited inquiry into MPs»
expenses by Sir Christopher Kelly's committee on standards in
public life —
which will set out a framework for new rules regarding MPs»
expenses — will publish its report on Wednesday 4 November, a committee spokesman announced today.
The procedures were used for what My Lyon described as «less serious» breaches of the rules regarding such matters as office stationery, but the
public anger over
expenses has moved Sir George to prevent any further damage to the standing of MPs,
which is already at an all - time low following the scandal last year.
For him, the damage caused by the
expenses row was a direct result of the untrusting attitude
which politicians have had towards the
public being thrown back at them.
In a letter to the committee on standards in
public life,
which is looking into MPs» pay
expenses, Gordon Brown muted the idea of scrapping the second home allowance altogether.
But the Obama campaign —
which was building its own fund - raising behemoth, even at the
expense of the candidate's earlier pledge to accept
public financing and the spending cap that came with it — didn't want outside interference.
Mangano's
public calendar,
which was provided to Newsday in response to a Freedom of Information Law request, is redacted on certain days, including portions of July and August 2012 and 2013, when the records show he would be vacationing at Singh's
expense.
The report follows an inquiry by the independent committee for standards on
public life -
which began after the MPs»
expenses scandal in May.
«Indeed, these changes appear to be part of a sustained pattern to privilege Eva Moskowitz's Success Academy schools with space and resources at the
expense of the traditional
public schools with
which they share buildings,» de Blasio wrote.
Sir Christopher was speaking to BBC Radio 4's Today programme after the committee on standards in
public life,
which he chairs, published its response to the new
expenses consultation.
[7] Another major event that occurred during Brown's time in government was the 2009 scandal involving MPs
expenses,
which damaged the
public's trust in politicians.
According to the state's Joint Commission on
Public Ethics,
which oversees lobbying, Patricia Lynch Associates in 2012 reported $ 6.7 million in total compensation and reimbursed
expenses from lobbying.
Blake is apparently holding a fundraiser at a Bronx
public school,
which I would imagine has security guards at the building at the time working at the taxpayer
expenses.
In a statement on November 2, 2015, Borough President first outlined her concerns, stating: «While
public events of any scale that enhance our borough are encouraged, I take issue when it is at the
expense of cutting off
public access to our treasured parks like Flushing Meadows - Corona Park,
which is enjoyed by thousands of families and residents every week in the summer months.
He would appear to have become especially vulnerable after the publication of Assembly Members»
expense claims this week,
which showed that he had spent more than # 5,000 of
public money on his bathroom, as well as buying such items as a trouser press and an iPod on
expenses.
Michael Martin said there was «great
public concern» after revelations in the Daily Telegraph
which published details of leaked
expenses claims.
Indeed, the
expense of medical school and the resulting debt burden is recognized as one of the tallest barriers that aspiring medical scholars must climb in order to enter medical research or
public service —
which brings me, finally, to the point of this column.
Instead they settled on the phrase «at
public expense» —
which is implicitly pejorative and begs for a negative reaction.
The figures, of course, are taken from PDK's «at
public expense» item,
which is a terrible measure to begin with and consistently gives low scores.
The DOE in this case is the Department of Education in New York City,
which the article points out «last year spent $ 116 million on tuition and legal
expenses related to special - education students whose parents sued the DOE on the grounds that the
public - school options were inadequate.