Initial Studio Openings definition

Initial Studio Openings means the number of studios that were determined to be first opened during such period. We classify an Initial Studio Opening to occur in the first month in which the studio first generates monthly revenue of at least $4,500. Initial Studio Openings are not adjusted downward for studios that were temporarily closed due to theCOVID-19 pandemic or otherwise.
Initial Studio Openings means the number of studios that were determined to be first opened during such period. Prior to October 1, 2021, we classify an Initial Studio Opening to occur in the first month in which the studio first generates monthly revenue of at least $4,500. Starting on October 1, 2021, we classify an Initial Studio Opening to occur in the month in which we record the initial studio opening in our internal systems. Any studios that do not have an Initial Studio Opening under the prior definition are included as of October 1, 2021. Initial Studio Openings are not adjusted downward for studios that were temporarily closed due to the COVID-19 pandemic or otherwise.
Initial Studio Openings means the number of studios that were determined to be first opened during such period. Prior to October 1, 2021, We classify an Initial Studio Opening to occur in the first month in which the studio first generates monthly revenue of at least $4,500. Starting on October 1, 2021, we classify an Initial Studio Opening to occur in the month in which we

Examples of Initial Studio Openings in a sentence

  • In other words it appeared to pay cash to a company that did not exist.

  • Neither Initial Studio Openings nor Total Studios are adjusted downward for studios that were temporarily closed due to the COVID-19 pandemic or otherwise.

  • We classify Total Studios, as of any specified date, as the total cumulative Initial Studio Openings as of that date less cumulative permanent studio closures as of that date.

  • Initial Studio Openings are shown net of studios that have permanently closed which had a recorded initial studio opening System-wide Sales We define System-wide Sales as all payments made to our studios and includes payment for classes, apparel and other sales for a given period.

  • Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 U.S. AustraliaROW Total U.S. AustraliaROW TotalTotal Studios, beginning of period 654653 4421,749 486616 3351,437Initial Studio Openings, net(a) 7310 34117 321 1750Total Studios, end of period 727663 4761,866 518617 3521,487 (a) Initial Studio Openings are shown net of studios that have permanently closed which had a recorded initial studio opening.

  • Any service prior to a resignation or termination of a contract after June, 1994 will not be counted towards seniority.


More Definitions of Initial Studio Openings

Initial Studio Openings means the number of studios that were determined to be first opened during such period. Prior to October 1, 2021, we classify an Initial Studio

Related to Initial Studio Openings

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