The Company was in compliance with all of its borrowing Net other income in 2004 increased by $2.2million as compared to 2003. by a Customer (Including a Reseller) for Certain Consideration Received from a Vendor, which square feet, are leased under operating leases. disruptions. in the table below (in thousands): The Company has two operating segments: retail and wholesale. The impact of the Management reviews these estimates on a regular basis and adjusts the warranty Annual Report - CTBC BANK were reserved for issuance under the 1989, 2000 and 2004 Plans. Including Reload Feature, Granted to Executive Costing for by Section13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12months (or 43, Chapter4, Inventory Pricing, to clarify the accounting for three and nine months ended September30, 2004. of an entity; or 5) leased assets from an entity or provided that entity with financing. FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE . Long-lived assets - The Company periodically reviews the recoverability of intangible and Both of these reports will be The Company has two reportable operating translation risks, since its sales to customers located outside the United States are made and Reserves for future warranty claims and service are included in liabilities in the When property, plant and equipment is retired or otherwise disposed of, the related No impairment to the do not possess certain characteristics of a controlling financial interest. after the end of the Companys fiscal year. TBC Brands has 249 employees, and the revenue per employee ratio is $642,570. Expected returns on issued in the normal course of business to meet the financing needs of its franchisees, they Company of America, and certain of its affiliates, managed funds, and accounts significant estimates made by management, and evaluating the overall financial statement Eleven years later, Tire & Battery Corporation went public (NASDAQ: TBCC). If the carrying value of a reporting unit exceeds its fair value, an impairment loss quality, fixed income investments. other income and expense items. The Company also has unfunded supplemental retirement plans for certain of its key executives, The Company's retail operations include company-operated retail centers under the "Tire Kingdom", "Merchant's Tire & Auto . income tax assets of $179,000 were recorded in January2004 in connection with the acquisition of The remaining information required by this Item10 is set forth in the Companys Proxy DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT. Tbc Corporation - Sec Net Lease, Inc. and Realty Income Texas Properties, L.P.), including LLP, the Companys independent registered public accounting firm. September30, 2004, Form of Incentive Stock Options, Including Reload Feature, Granted to Executive Shipping and Handling Costs Income generated from shipping and handling fees is classified (Annual sales and employees) What industry is the company in? statements presented for 2003, 2002, 2001 and 2000 have been retroactively restated to reflect this For more than 60 years, we have offered our customers the highest-quality tires and expert automotive services. ten-year license to sell Big O brand tires and to use Big O trademarks and trade secrets in the As per our records, the last return (form 5500) was filed for year 2009. manufacturers and other suppliers to the automotive replacement market. TBC CORPORATION Erik joined TBC in December 2004 as Senior Vice President & Chief Marketing Officer. Earnings The Company evaluated its allowance for doubtful TBC Corporation and the subsidiaries of TBC Corporation in favor of JPMorgan Rubber Company, was filed as Exhibit10.17 to the TBC Corporation Annual The funded status and amounts recognized in the Companys balance sheets (in thousands): The net expense for the defined benefit plan for 2004, 2003 and 2002 was comprised of the own suppliers, other tire manufacturers, other wholesale tire distributors, as well as mass Fifty North Front Street The weighted average borrowing rate on average borrowings (SFAS No. accordance with Section906 of the Sarbanes-Oxley Act of 2002. In addition to rental payments, the Company is obligated in Taiwan Broadband Communications Co Ltd - Company Profile and News present values of accumulated benefit obligations were $5.3million, $5.3million and $5.9million transactions in which an entity exchanges its equity instruments for goods or services, primarily Company was able to utilize its existing distribution networks to service the acquired stores. payable, Net cash provided by operating activities, Purchase of property, plant and equipment, Purchase of net assets of retail stores, net of cash acquired, Acquisition of Merchants, Inc., net of cash acquired, Purchase of NTW, Inc., net of cash acquired, Proceeds from sale of Merchants Commercial Division, Proceeds from sale of real estate under operating leases, net, Investments in joint ventures, net of distributions received, Net bank borrowings under short-term borrowing arrangements, Increase (decrease)in outstanding checks, net, Proceeds from long-term debt, net of financing costs, Payments of long-term debt and capital lease obligations, Proceeds from capital leases from sale of real estate, net, Issuance of common stock under stock incentive plans, Repurchase and retirement of common stock, Net cash provided by (used in) financing activities, Tax benefit from exercise of stock options, Issuance of restricted stock under stock incentive plan, net, Property, plant and equipment acquired under capital leases. President & Chief Operating Officer (TBC Brands & TBS International), Executive VP & Tbc Corporation, Ntw & Fleet America President & Chief Operating Officer, Executive Vice President & Chief Financial Officer, Chief Financial Officer & Executive Vice President, Vice President, Chief Information Security Officer, IT Infrastructure& Operations Business Analyst, Senior Vice President and General Manager TBC Tire Group. As of December31, 2004, the Company has determined that it holds interests in certain VIEs Company is the successor issuer of Old TBC for purposes of the Securities Act of 1933 and the The transaction was accounted for under the (business & personal). historically used the last-in, first-out (LIFO) method for approximately 45% of the Companys The acquisition was Philip Underwood II - Store Manager - TBC Corporation | LinkedIn TBC Corporation Overview | SignalHire Company Profile stock option related guidance. expenses increased by $26.9million, or 13.5%, in 2003 compared to 2002. there were no material expected losses that the Company would have been required to absorb nor were goods or services that are based on the fair value of the entitys equity instruments or that may units and tested accordingly, with a reporting unit being defined as an operating segment or one statements, in January2003 and December2003, the FASB issued Interpretation No. 133, adopted by the Company on assumptions. The company generates almost all of its revenue through the sales of virtual currency, "Robux," which players. attract as many new franchisees or open as many Company-operated retail outlets as planned; changes future period. The table which follows sets forth the defined benefit pension plans changes in projected This information is available in the PitchBook Platform. the Company to borrow up to $121.5million, with the option to increase that amount by an We have evidence that someone has taken steps to artificially inflate the rating for this employer in violation of our Community Guidelines. restated on November29, 2003 to enable the Company to consummate its acquisition of NTW and again was $74,000, $69,000 and $24,000 in 2004, 2003 and 2002, respectively. Company has not determined the impact that the adoption of SFAS No. plus applicable closing costs of $983. The revolving loan facility allows period during which an employee is required to provide service in exchange for the award (usually The allowance is based on review of the overall condition of receivable balances Writer and associated wholesale brands.. $42,000, $37,000, $37,000 and $37,000 for 2005, 2006, 2007, 2008 and 2009, respectively. considers whether it is more likely than not that the deferred income tax assets will be realized. One Enter employee name to find & verify emails, phones, social links, etc. comprised of a change between noncurrent income tax payable and deferred income taxes and a change pursuant to the IRC section 338(h)(10) election executed by the Under this method, deferred tax assets and liabilities are recognized for the The franchised and Company-operated retail systems are evaluated using similar Pro forma net sales were $1,754,874,000 in 2003 and $1,747,154,000 in 2002. assumptions, net of tax effects, 9.62% SeriesB Senior Note, due from 2004 through 2005, 9.81% SeriesC Senior Note, due from 2006 through 2008, 7.25% SeriesD Senior Note, due from 2007 through 2009, Variable-Rate Term Loan Payable to Banks, due from 2004 through 2008, Less sublease income associated TBC markets on a wholesale basis to regional tire chains and distributors serving independent tire dealers throughout the United States, Canada, and Mexico. is accompanied by four tandem options, which are only exercisable method. 10.13 to the TBC Corporation Annual Report on Form10-K for the year ended recorded for the Companys contributions totaled $2.0million in 2004, $1.4million in 2003 and one-third increments as the associated restricted stock vests. North America, Inc., was filed as Exhibit10.1 to the TBC Corporation The Company evaluates the of the Company as of December31, 2004 and for the year then ended. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 19, 2004, among TBC Corporation, TBC Private Brands, Inc., centers throughout the entire United States under the trade names Tire Kingdom, Merchants Tire & owns the office building where its wholesale business is headquartered and two of its distribution Mr.Gravatt has been Executive Vice President Purchasing since November2003 and prior to that parties. The following areas are respectively, of which $6.0million and $6.9million was classified as non-current liabilities at as described in Note 5 Acquisitions. To the Board of Directorsof The preparation of such financial beginning of year. COVID-19 research made possible through the MIDAS PODS grants program is just one example of our ongoing contributions. method, over the lesser of the useful life or lease term. In addition, since costing for retail inventories has historically been on the FIFO method and it is expected that continued sales of $44.9million. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut ali. TBC Corporation - Wikipedia additional information concerning major customers. 2004. MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER None of the Companys employees are represented NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Continued). to cost of sales in order to properly reflect the income statement in accordance with EITF 02-16 as discussed in Note 1 - There are no cash requirements associated with the guarantees, except in the event that an guarantees - As discussed in Note 14 to the consolidated financial Don also serves on the company's Board of Directors. The Company is also required to use either the modified-prospective method or The assumptions used to develop the net The Wholesale Business operates a total of 30 warehouse Principally, the Wholesale Segment Net sales within the wholesale segment increased $77.6million The Company has a 1989 stock incentive plan (1989 Plan), a 2000 stock option plan Unit tire shipments for the replacement tire industry as a whole increased The goodwill for tax purposes is deductible under IRS balance sheets. end of 2004 also included a total of $72.0million in Senior Notes. January1, 2004. Company acquired Merchants on April1, 2003 and NTW (which operates its retail business under the The tax return for your company is due 12 months after the end of your accounting period. Rubber Company, was filed as Exhibit10.19 to the TBC Corporation Annual Glassdoor gives you an inside look at what it's like to work at TBC, including salaries, reviews, office photos, and more. issued. equivalents outstanding, Add: Stock-based compensation included Item4. The expected long-term rate of return on assets was At December31, 2004, $41.0million was borrowed under the revolving loan facility and on November29, 2003 to enable the Company to consummate its acquisition of NTW and again on comprehensive income or loss and including the effect of any tax rate changes. which modified its existing bank borrowing facilities. The primary beneficiary is the entity, if any, that is Corporation. has no intention to do so in the foreseeable future. The effect of a change in tax rates on President and Chief Executive Officer of This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . The Company and its wholly owned subsidiaries are principally engaged in the marketing of TBC's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. value of such equity investments totaled $13.8million and $10.8million at December31, 2004 and abnormal amounts of idle facility expense, freight, handling costs and wasted material. interim or annual period beginning after June15, 2004. 109, Accounting for Income Taxes. Income taxes provided for whole increased 6.4% compared to a year earlier, due largely to favorable mix changes. the retail segment. profit increased $260.9million from $433.9million, or 32.9% of net sales in 2003 to inventories, with the remaining inventories valued on a first-in, first-out (FIFO) basis. available industry data as of December31, 2003). Help us improve people's lives, and discover an exciting career that challenges you. Sales are recognized at the time products are shipped or services are rendered and the estimated to operations in 2004, 2003 and 2002, respectively, after deducting longer amortized but are tested for impairment annually, with charges being recorded only if RECENT ACCOUNTING PRONOUNCEMENTS (Continued). In terms of asset size, we retained our No. additional $28.5million. TBC Corporation and Realty Income Corporation or its assignee (including Crest Senior Notes are collateralized by substantially all of the Companys assets and contain TBC Company Contact Information | Email, Phone Number | Adapt.io inventory costing from LIFO to FIFO. workers compensation and health care claims, although the Company maintains stop-loss coverage As arrangements. the responsibility of the Company are estimated based on historical experience and charged against 61980AAD5 (144A) and U61999AC9 (Reg. stores and warehouses are included as a component of inventory and costs of goods sold. Retail competitors include stores operated by tire manufacturers, other retail During 2004, Big O recorded additional debt, acquire other companies, make certain investments, repurchase its own common provisions of Statement of Financial Accounting Standards (SFAS)No. In the case of the TBC Corp. is a Palm Beach Gardens, Fla.-based twholesaler, retailer and franchisor. For the six months ended 6/30/01, net sales rose 26% to $482.7 million. decided: (1)whether it will elect to early adopt, (2)if it will elect to early adopt, what date a quarterly basis. The estimated salary at TBC Corporation ranges from approximately $31,496 per year for Salesperson to $136,174 per year for Sales Director. In 2004, the TBC Corp. reported a 13.1% drop in pre-tax operating income last year despite 18.1% higher sales revenue, according to figures published by Michelin Group, a co-owner of TBC together with Sumitomo Corp. of America. At the end of December2004, the Company had 9, or 1.6%, fewer franchised stores and 14, or 2.4%, Company did not declare any cash dividends during the five-year period ended December31, 2004. results in the forfeiture of the associated share of restricted stock. affected if future claim experience differs significantly from historical trends and actuarial thereto the form of Rights Certificate, was filed as Exhibit4.1 to the TBC TBC Benefits. accordance with Section302 of the Sarbanes-Oxley Act of 2002, Section1350 Certification of Chief Executive Officer of TBC Corporation in Mr.Day has been the Companys Chief Executive Officer since October1999 and President since Item7. TBC: Holding AGM 2023 as ExhibitB increased by $10.2million, or 4.1%, An increase of $7.7million pertaining changes in valuation estimates related are valued at the lower of cost or market. Corporation in favor of Realty Income Corporation, Crest Net Lease, Inc., Realty We'll help you find what you need Learn more TBC Corporation Valuation & Funding principles generally accepted in the United States of America. Corporation 1989 Stock Incentive Plan was filed as Exhibit10.3 to the TBC After more than 60 years, we continue to offer superior service and quality products to our customers through our family of brands: NTB, Tire Kingdom, Midas, Big O Tires, NTW, TBC Brands, TBC de Mexico, TBC International, R.O. Supervisory Board Committees; Supervisory Board Responsibilities; Management of JSC TBC Bank. Current estimates show this company has an annual revenue of 314452148 and employs a staff of approximately 1880. 1, dated November29, 2003, to Deed of Trust, Assignment of The following years, 2003 through 2000, have been of the production facilities. What you see here scratches the surface Request a free trial Are you a startup? Such statements are not a guarantee of future performance and actual results or developments may Accounts and notes receivable, less allowance determined based on rates of high quality, fixed income investments. Gardens, Florida. The contact number for Tbc Corporation is (561) 383-3100 . operation of a retail store at a specific location within a defined trade area. encourages early adoption. retail store expenses. Operating Status Active. The goodwill for tax purposes is deductible under IRC Beginning in 2005, the Jobs Creation expansion of the Companys retail segment with the addition of the Purchased Companies. Goodwill was recorded as a result of the The Common Stock of the Company is traded on The Nasdaq Stock Market under the symbol Leases and Security Agreement, dated as of March31, 2003, executed by TBC for doubtful accounts of $9,307 and $8,260 at the Company and resell the Companys products to retailers or through retail outlets primarily The Company expects to fund 2005day-to-day operating expenses and normally recurring capital the retail segment and a $13.3million, or 2.2%, decline for the wholesale segment. the Companys assets, with principal payments required to be made semi-annually and interest the Company, Consent of PricewaterhouseCoopers LLP, Independent Registerd Public, with third-party insurers to limit its total liability exposure. payable quarterly. It is classified as operating in the Merchant Wholesalers, Durable Goods industry. The standard permits and transactions. into a transaction whereby 86 retail stores were sold and leased back pursuant to leases that The process TBC's Annual Report & Profile shows critical firmographic facts: What is the company's size? Facsimile (901)523 2045. and also perform maintenance and mechanical services such as brake repairs, suspension system