Pre-Tax Operating Income means the earnings before other income and taxes as reported in the Consolidated Statements of Operations of the Company for the fiscal year of the Company coinciding with the Performance Period.
Pre-Tax Operating Income. (hereafter “PTOI”) means the net operating income of the Company, exclusive of passive income and calculated before non-operating interest, taxes, extraordinary items and certain special items (such as special compensation payouts on account of merger) and before the accrual of Incentive Awards under the Plan and awards under the Company’s 2004 Key Executive Incentive Compensation Plan or any successor plan.
Pre-Tax Operating Income means income from continuing operations before income taxes as reported in the Company’s Annual Report on Form 10-K for the Award Year.
Examples of Pre-Tax Operating Income in a sentence
Each such adjustment, if any, shall be made solely for the purpose of providing a consistent basis from period to period for the calculation of Pre-Tax Operating Income in order to prevent the dilution or enlargement of the Participant’s rights with respect to the Award.
The Board shall adjust Pre-Tax Operating Income, as it deems appropriate, to exclude the effect (whether positive or negative) of any of the following occurring after the grant of the Award: (a) a change in accounting standards required by generally accepted accounting principles or (b) any extraordinary, unusual or nonrecurring item.
Likewise, Orbital ATK’s 3Q15 Form 10-Q contained material errors regarding prior periods, including, the reported quarter ending September 28, 2014 Pre-Tax Operating Income was overstated by $5.2 million (approximately 7%) and EPS was overstated by $0.11 (approximately 9%).
Whilst there are some broader public interest arguments that can be made in relation to the information allowing for greater scrutiny of the DfT’s operations, the Commissioner considers that, having viewed the information herself, these arguments are substantially weaker than the very strong public interest in lawyers and clients being able to talk frankly and openly with each other, particularly as the information reveals nothing about theDfT’s operations and is solely about how to respond to a letter.
Likewise, the 2Q15 Form 10-Q contained material errors regarding prior periods, including, the reported quarter ending June 29, 2014 Pre-Tax Operating Income was overstated by $4.4 million (approximately 6%) and EPS was overstated by $0.09 (approximately 9%).
More Definitions of Pre-Tax Operating Income
Pre-Tax Operating Income means the consolidated earnings of Employer, before:
Pre-Tax Operating Income means, for the applicable fiscal year, the consolidated pre-tax income of the Company, adjusted to exclude the impact of any extraordinary items, goodwill impairment, integration and restructuring costs, discontinued operations, acquisition costs, gains or losses on strategic disposals, pension curtailments or settlements, cumulative effect of accounting changes, valuation adjustments related to debt accounted for at fair value, and other unusual or non-recurring items of loss or expense. In each case, all of the preceding terms will have the meanings as defined by generally accepted accounting principles accepted in the United States of America and identified in the audited financial statements, notes to the audited financial statements, management’s discussion and analysis or other Company filings with the Securities and Exchange Commission.
Pre-Tax Operating Income means the operating income of SIG (which, for such purpose, shall be deemed to include an Acquired Entity, whether or not such person is a consolidated subsidiary of SIG, to the extent provided in the following paragraph), excluding, in all cases, realized investment gains and losses and before extraordinary gain or loss and federal income tax expense, all as determined in accordance with United States Generally Accepted Accounting Principles, as in effect as of January 1, 2008 (“GAAP”). However, if subsequent to January 1, 2008, any change to GAAP becomes effective which either the SIG Optionholders (as such term is defined below), on one hand, or Delphi, on the other, believes should be taken into account for purposes of calculating Pre-Tax Operating Income hereunder (including, for example, a situation in which such change is anticipated to have a significant impact on Delphi’s reported results), Delphi and the SIG Optionholders will jointly discuss and consider in good faith whether any amendments to this Exhibit A would be appropriate to take such change into account, and jointly recommend to the Committee for adoption any amendments mutually determined to be appropriate for such purpose. For purposes of the preceding paragraph, an “Acquired Entity” means an entity in which, subsequent to January 1, 2008, Delphi acquires, directly or indirectly, an interest in a transaction with an unaffiliated party and for which the members of SNCC management, as a group, have primary day-to-day management and operational responsibility, whether or not such entity constitutes a consolidated subsidiary of SIG; provided, however, that no entity shall constitute an Acquired Entity if the consideration paid in connection with the acquisition of such entity (regardless of the form of such acquisition), taken together with any other acquisitions of entities of the type described in this paragraph, exceeds $50,000,000, unless and until the Committee has, upon the recommendation of Delphi management, (a) effected such amendments to this Exhibit A as the Committee deems appropriate to take into account the acquisition transaction, and to which the SIG Optionholders unanimously consented in writing, or (b) determined that no amendments to this Exhibit A are necessary in connection with such acquisition. For purposes of the preceding sentence, if and to the extent that consideration paid in connection with an acquisition consists of the Stock, the value thereof shall be based ...
Pre-Tax Operating Income means the operating income of the RSL Companies, excluding realized investment gains and losses, net of interest expense and before extraordinary gain or loss and federal income tax expense, all as determined in accordance with Generally Accepted Accounting Principles, as in effect as of January 1, 2004 ("GAAP"), subject to the Special Adjustments for which this Exhibit A provides. Special Adjustments
Pre-Tax Operating Income means the Employer's income from ordinary business operations (which will not include capital gains and interest or other investment income in excess of interest expense) from sale or rental of software, consulting services and other business operations conducted by Employer, less expenses and other charges (which will include interest expense in excess of interest income and will not include any provision for federal and state income taxes), all as reflected on the Employer's books, and will be calculated in accordance with generally accepted accounting principles as in effect from time to time and without taking the payment of Incentive Compensation to the Employee and Xxxxxxx X. Xxxxxx into account. Pre-Tax Operating Income may be a negative number for any given period. For a partial Fiscal Year, Pre-Tax Operating Income shall be the Pre-Tax Operating Income for the full Fiscal Year multiplied by a fraction in which the numerator is the number of days in such partial Fiscal Year and the denominator is three hundred sixty-five (365). Daily Journal will have the exclusive right, unless otherwise agreed by Daily Journal, to sell and otherwise disseminate any information produced or processed by Employer. It is understood that Employer's business operations will not include such sale and dissemination of information, as distinguished from software and consulting services.
Pre-Tax Operating Income means, for any period, Net Income for such period, plus (a) income and franchise taxes paid or accrued during such period, (b) Interest Expense, (c) losses derived from discontinued operations of the Company and its subsidiaries during such period and (d) extraordinary losses and non-recurring losses of the Company and its subsidiaries in an amount with respect to IOs and capitalized servicing rights of the Company and its subsidiaries not to exceed $450,000,000 in the
Pre-Tax Operating Income means the consolidated pre-tax income of the Employer, computed in accordance with generally accepted accounting principles, (A) prior to reduction for income taxes and (B) excluding one time gains, nonrecurring restructuring charges and non-cash charges (including impairment of good will). The determination of “Cumulative Three Year Pre-Tax Operating Income” shall be made by the Committee in good faith, which determination shall be binding on the Employee.