FIFO EBITDA definition

FIFO EBITDA means, for any period, the consolidated net income (or net loss) of the Borrower and its Consolidated Subsidiaries for such period as determined in accordance with GAAP, plus (i) the sum of, without duplication the following for the Borrower and its Consolidated Subsidiaries, (A) depreciation expense, (B) amortization expense net of negative goodwill amortization, (C) the excess, if any, of gross interest expense for such period over gross interest income for such period, in each case determined in accordance with GAAP, (D) total income tax expense, (E) extraordinary or unusual non-cash losses (provided that such extraordinary or unusual losses, (a) do not at any time result in a cash outlay by the Borrower or any Consolidated Subsidiary and (b) do not result from the write down of the Inventory, except for any write downs related to the closure of stores set forth on Schedule 9.07(b), of the Borrower), which include the cumulative effect on earnings from the adoption of GAAP pronouncements, and (G) expenses relating to the uniform capitalization of inventory, less (ii) extraordinary non-cash gains and the income effect of the uniform capitalization of inventory for the Borrower and its Consolidated Subsidiaries.
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FIFO EBITDA means, for any period, the consolidated net income (or net loss) of the Borrower and its consolidated Subsidiaries for such period as determined in accordance with GAAP, plus to the extent deducted in arriving at such consolidated net income (or net loss) (i) the sum of, without duplication the following for the Borrower and its Consolidated Subsidiaries, (A) depreciation expense, (B) amortization expense net of negative goodwill amortization, (C) the excess, if any, of gross interest expense for such period over gross interest income for such period, in each case determined in accordance with GAAP, (D) total income tax expense, (E) extraordinary or unusual non-cash losses (provided that any such extraordinary or unusual losses do not at any future time result in a cash outlay by the Borrower or any Consolidated Subsidiary), which include the cumulative effect on earnings from the adoption of GAAP pronouncements, and (F) "LIFO charges" to earnings for such period, less (ii) the sum of (A) "LIFO credits" to earnings for such period, (B) extraordinary gains for such period, and (C) income tax credits for such period in each case for the Borrower and its Consolidated Subsidiaries.
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FIFO EBITDA means, for any period, the consolidated net income (or net loss) of the Borrower and its Consolidated Subsidiaries for such period as determined in accordance with GAAP, plus (i) the sum of, without duplication the following for the Borrower and its Consolidated Subsidiaries, (A) depreciation expense, (B) amortization expense net of negative goodwill amortization, (C) the excess, if any, of gross interest expense for such period over gross interest income for such period, in each case determined in accordance with GAAP, (D) total income tax expense, (E) extraordinary or unusual non-cash losses (provided that such extraordinary or unusual losses, (a) do not at any time result in a cash outlay by the Borrower or any Consolidated Subsidiary and (b) do not result from the write down of the Inventory of the Borrower), which include the cumulative effect on earnings from the adoption of GAAP pronouncements, and (G) expenses relating to the uniform capitalization of inventory, less (ii) extraordinary non-cash gains and the income effect of the uniform capitalization of inventory for the Borrower and its Consolidated Subsidiaries.
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Examples of FIFO EBITDA in a sentence

  • Section 8.12 of the Credit Agreement is hereby amended to read in its entirety as follows: "Permit Cumulative FIFO EBITDA for any fiscal quarter (calculated on a rolling twelve (12) month basis) of the Borrower ending on the dates set forth below to be less than the amount specified opposite each such fiscal quarter.

  • The quarterly decline in Adjusted FIFO EBITDA reflects investments being made to improve our operations and costs associated with ongoing litigation activity that should decline during 2006.

  • In addition, we delivered on our stated goal to generate a sequential increase in our Adjusted FIFO EBITDA, and our working capital and cash flow results were consistent with our plan.

  • Adjusted FIFO EBITDA, as defined on the attached schedule of operating data, was $8.2 million, or 2.2% of sales, versus $12.5 million, or 3.3% of sales, in the prior year period.

  • Permit Cumulative FIFO EBITDA for any fiscal quarter (calculated on a rolling twelve (12) month basis) of the Borrower ending on the dates set forth below to be less than the amount specified opposite each such fiscal quarter.

  • Permit Cumulative FIFO EBITDA for any fiscal month of the Borrower set forth below to be less than the amount specified opposite each such fiscal month.

  • Adjusted FIFO EBITDA was $37.9 million, or 3.2% of sales, compared to $53.9 million, or 4.6% of sales, in the previous year.

  • The Company currently believes that the restatement will have the effect of changing previously reported net income and FIFO EBITDA, but, because the adjustments to lease rent expense are non-cash, the restatements will not have any impact upon historical or future adjusted FIFO EBITDA, cash flows or the timing of payments under the related leases.

  • The Company currently believes that the impact of this change will be to increase sales and cost of sales by the same amount for each of the periods impacted, so this adjustment is expected to have no effect upon historical or future cash flows, gross profit, operating income, net income, FIFO EBITDA or adjusted FIFO EBITDA.