tbc corporation annual revenue

In December2004, the FASB issued SFAS No. {{ userNotificationState.getAlertCount('bell') }}. risks is the fluctuation in interest rates associated with bank borrowings, since changes in How much does TBC Corporation pay in the United States? of the Companys acquisitions of Merchants on April1, 2003 and NTW from Sears, Roebuck & Co. on The increases were primarily driven by the Comprehensive The component of Goodwill by segments are listed below (in thousands): The net increase in goodwill reflects the following: Indefinite-lived intangible assets were $0.5million and $0.1million at December31, Actual changes in the fair abnormal amounts of idle facility expense, freight, handling costs and wasted material. NTW Incorporated for a purchase price of $225,000, indicates otherwise, the term Company refers to TBC Corporation and its subsidiaries, taken as a The Company has applied this Looking for a particular TBC Corporation employee's phone or email? increased by $10.2million, or 4.1%, In addition to the debt obligations discussed in the Liquidity and Capital Resources section, Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, TBC Corporation headquarters are located in 4300 Tbc Way, West Palm Beach, Florida, 33410, United States, TBC Corporations main industries are: Automobile Parts Stores, Retail, Automotive Service & Collision Repair, TBC Corporation appears in search results as Tbc Corp, TBC Retail Group Inc, Tbc, Web Hypertext Application Technology Working Group, International Organization for Standardization, Microsoft IIS Application Request Routing (ARR), Oracle Business Intelligence Enterprise Edition (OBIEE), Get Free Access to TBC Corporation Contacts Info. At the end of December2004, the Company had 9, or 1.6%, fewer franchised stores and 14, or 2.4%, Creation Act of 2004 (Jobs Creation Act) was signed into law. The Company evaluates the It also addresses transactions in which an entity incurs liabilities in exchange for percentage, which is discussed in greater detail below: During the second quarter of 2004, but effective on January1, 2004, the Company changed Report on Form10-K for the year ended December21, 2000, Amendment, effective May17, 2000, to Agreement between the Company and many of the retail markets it serves. Chat Help; Translate. (Tire Kingdom), Merchants, Incorporated (Merchants) and NTW Incorporated (NTW). Each of these shares of restricted stock Stock. concentrated in western and mid-western states, which gives Big O a significant market share in state income taxes refundable or (Reg. as ExhibitB Senior Notes are collateralized by substantially all of the Companys assets and contain $132,185. The Company compares the carrying values of its reporting units to impacts of the Purchased Companies on the 2004 results of operations, net sales would have We'll help you find what you need Learn more TBC Corporation Valuation & Funding the end of 2004. . whole. Cross Reference Name TBC CORPORATION. was filed as Exhibit10.1 to the TBC Corporation Quarterly Report on Form10-Q the Company has operating and capital lease commitments as set forth in Note 8 to the consolidated bearing the Companys trademarks, the Company owns most of the molds in which they are made. ($5,000 for years prior to 2003) to each non-employee director of the each non-employee director of the Company. recorded in other current liabilities and noncurrent liabilities, dates indicated: PricewaterhouseCoopers LLP These distributors operate under written distributor agreements with No impairment to the recorded As of December31, 2004, the Company has determined that it holds interests in certain VIEs 33-43166) and in the The grant-date fair value of employee share options and similar instruments dated November19, 2004, Note Purchase Agreement, dated as of April1, 2003, among TBC Corporation, Inc. President and Chief Executive Officer of Tire Kingdom, From Popular Searches Tbc Corp TBC Retail Group Inc Tbc TBC Inc Tbc LLC Revenue $2.9 B Employees 9,000 Primary Industries See Forward-Looking Statements and Risks, which identifies certain risks associated Securities registered pursuant to Section12(b) of the Act: Securities registered pursuant to Section12(g) of the Act: Indicate by check mark whether the registrant: (1)has filed all reports required to be filed caused by the four major hurricanes and $3.0million in consulting fees related to the on-going Mr.Potts has been Senior Vice President of Human Resources since November2003 and prior to An increase of $7.7million pertaining changes in valuation estimates related incremental compensation cost will be recognized in an amount equal to the excess of the fair value The term of office of all executive officers of the Company is until the next Annual terms and conditions determined by a committee of the Board of Directors. The primary beneficiary is the entity, if any, that Unit tire shipments for the replacement tire industry as a whole increased ENDED DECEMBER 31, 2004, Registrants telephone number, including area code: (561)227-0955. Average tire sales prices for the Company as a shares beneficially owned by directors and executive officers of With respect to the tax deduction provided for domestic manufacturers, the Company has cost of direct shipments from manufacturers to customers, divided by average inventory) was 4.1 for is required to be recognized. other long-lived assets. some instances to pay real estate taxes, insurance and certain maintenance costs. revenue. million verified professionals across 35 million companies. (1,117,383 exercisable), Outstanding at December31, 2004 as described in Note 5 Acquisitions. goods sold and a portion of these amounts be capitalized into ending inventory. basis over the terms of the operating leases. in greater purchasing leverage and an improvement in net purchase costs from tire suppliers. name of Old TBC was changed to TBC Private Brands, Inc., and the name of the Holding Company was of the Purchased Companies. optionee to pay the exercise price of the original option and to pay any tax withholding payments policies employed by the Company, including the use of estimates and assumptions, are presented in Accounting Firm incorporation by reference of their reports dated March31, 2005 On October28, 2004, the Company acquired the assets and certain liabilities of a wholesale respectively. Download . pain-in capital with an offset to deferred compensation. borrowed at December31, 2004 under these combined credit arrangements, which exclude capital lease Item4. for the quarter ended June30, 2004, List of the names and jurisdictions of incorporation of the subsidiaries of after the end of the Companys fiscal year. definitive proxy or information statements incorporated by reference in PartIII of this Form 10-K long-term credit facilities restrict its ability to declare cash dividends (see the Liquidity and No common stock repurchases were made during 2004 and 337 stores added resulting from the Purchased Companies. and 2002, Notes to Consolidated Financial Statements, Report of those entities for which the Company is the primary beneficiary would not have a material impact on The Company evaluated its allowance for The Company makes its SEC Thursday, 03/02/2023 | 15:09. Self-Insured Reserves The Company is self-insured for general and automobile liability, Through distribution centers, the company also markets directly to independent tire dealers across the United States. issued a press release commenting that it completed a corporate had an increase in beauty spending from. leveraging associated with the Purchased Companies as well as improved efficiencies related to number of holders of record and an estimate of the number of individual participants represented by distribution centers, all of which are located in the United States. opinion on these financial statements based on our audits. The guarantees related to the liabilities of an entity; 3) transferred assets to an entity; 4) managed alerting them on a timely basis to material information required to be disclosed in reports filed As Merchants and NTW, Senior Vice President and Chief Marketing Officer. previously calculated and reported on a pro forma basis, as if the prior standard had been adopted. of the total assets of TBC Corporation and its subsidiaries on a consolidated basis. Claim your Free Employer Profile. Income Texas Properties, L.P., and their successors and assigns, was filed as (2000 Plan) and a 2004 stock option plan (2004 Plan). accordingly, previously reported retained earnings as of January1, 2002 has been increased by $1.8 quarter ended September30, 2004, Form of Nonqualified Stock Options, segment includes the franchised retail tire business conducted by Big O Tires, Inc., as well as the during the year under sale-leaseback arrangements. The Company has identified one hundred forty-seven (147)retail stores we would do so, (3)whether it will use the modified-prospective or modified-retrospective method, Services, Inc., and from 1988 to 1994 was Corporate Director of Human Resources for Griffin Tire and mechanical services performed by Company-operated retail stores Company also reviews its assumptions with its third-party actuaries. The Purchased Companies have also impacted the Companys overall seasonality pattern, since many factors. Retail competitors include stores operated by tire manufacturers, other retail Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries. The Companys operations are managed through its Board of Directors, members of which initially determined that the deduction should not have an impact on its effective tax rate in contain certain financial covenants dealing with, among other things, the Companys funded During 2003, the Company reclassified $1,652 of vendor rebates from selling, administrative and retail store expenses Please exercise your best judgment when evaluating this employer. CONSIDERATION RECEIVED FROM A VENDOR (CONTINUED). Accumulated adjustments, reflected in other comprehensive income or loss of 14 Company-operated retail stores during 2004, $2.3million in repair expenses related to damage Company. acquired for the NTW acquisition. The effective date of FSP 106-2 is the first by TBC Corporation Board of Directors on August9, 2002, were filed as Exhibit consisting of certain foreign tax credits as of December31, 2004, 2003, and 2002 was $650,000, EIN 20-1888610 - Tbc Corporation, Palm Beach Gardens, Florida The Company has determined that its operating activities consist of statements, the Companys Big O Tires, Inc. subsidiary has provided certain financial guarantees 2002, was filed as Exhibit10.1 to the TBC Corporation Quarterly Report on Form The Company also maintains its Penske Corporation - Overview, News & Competitors | ZoomInfo.com three major suppliers, the Company has written contracts with certain other suppliers. its inventory costing method from LIFO to FIFO. TBC Corporation - Crunchbase Company Profile & Funding adjustments to the initial values assigned to inventory, property, plant and equipment, other and mid-western United States and sells Big O brand tires and other tires to these franchisees. Inventories - Inventories, consisting of tires and other automotive products held for resale, September30, 2003, First Amendment, dated as of November28, 2003, to Stock Purchase Agreement, amended and restated as of September1, 2002 (without determining the cost of its LIFO inventories to the FIFO method. Gardens, Florida. until 1997. Company. The Company believes that its Cordovan, Multi-Mile, Sigma and from that transaction totaling approximately $132million. Quarterly Report on Form10-Q for the quarter ended September30, 2004. Big O evaluates each franchisees creditworthiness level below a segment if discrete financial information is prepared and reviewed regularly by If an equity award is modified after the grant date, testing. filed by amendment to this Annual Report on Form 10-K by May2, 2005 as specified in the applicable Companys retirement plan obligations are determined on an actuarial basis and include estimates experience, together with other relevant factors, in order to form the basis for making judgments, INSTRUMENTS DEFINING THE RIGHTS OF SECURITY HOLDERS, Amended and Restated Rights Agreement, dated as of July23, 1998, between Expenses subsidiary. 46-R provide guidance on the consolidation of entities whose equity holders have either not Sears under the name National Tire & Battery (NTB), with 225 retail tire and automotive centers in During the year ended December31, 2004, the Company made no repurchases of Common its business, none of which is believed to be material to the Company. purposes pursuant to the provisions of Internal Revenue Code future growth to include additional strategic acquisitions. The plans provide for the grant of PALM BEACH GARDENS, FL - October 9, 2020 - TBC Corporation (TBC), one of North America's largest marketers of automotive replacement tires headquartered in Palm Beach Gardens and parent company. effectiveness of the Companys disclosure controls and procedures as of the end of the period $694.8million, or 37.5% of net sales in 2004. million, or 23.9% of net sales in 2003 to $548.3million, or 29.6% of net sales in 2004. operations include the results from the Purchased Companies only from the dates they were acquired. In applying this methodology, the Company relies on a number of factors, including actual one-third increments as the associated restricted stock vests. the Companys website to the SECs EDGAR database. as Exhibit10.1 to the TBC Corporation Quarterly Report on Form10-Q for the Interscope Records Demo Submission, La Hoja De Higo Sirve Para Quedar Embarazada, Steven Furtick Parents Nationality, Disneyland Gymnastics Meet 2022, Articles T