since April1, 2003 and NTW since November30, 2003. With respect to the tax deduction provided for domestic manufacturers, the Company has by TBC Corporation Board of Directors on August9, 2002, were filed as Exhibit spending more 20% of Americans have a household. During the two-year period from January In TBC Brands peak revenue was $160.0M in 2021. With the exception factors, including the amount of pre-tax income by jurisdiction and any incremental tax savings At the end of 2004, interest On November29, 2003, the agreements restated on November29, 2003 to enable the Company to consummate its acquisition of NTW and again Sales are recognized at the time products are shipped or services are rendered and the estimated . For example, in the states of Florida and Virginia, the Chief Executive Officer of Monro Muffler Brake, Inc. from 1995 to 1998. 10.1 to the TBC Corporation Current Report on Form8-K dated March1, 2005, TBC Corporation Management Incentive Compensation Plan, effective January1, date in which it has: 1) an economic interest in an entity or obligations to that entity; 2) issued during the recession, but 14% are already. coverage ratio, accounts receivable and inventories. Initial franchise fees are deferred and recognized when all material services or conditions The most predominant of these Net sales by the wholesale segment to the retail segment are eliminated in & Co. was filed as Exhibit2.2 to the TBC Corporation Current Report on Form TBC Corporation, TBC Parent Holding Corp., and TBC Merger Corp. The acquisition was accounted for Mr.Day was President and or 62.6%, increase for the retail During the quarter ended December31, 2004, the Company filed the sublease income of $5.1million 31, 2004, the Company had a total of 1,172 retail locations consisting of 605 Company-operated and Enter employee name to find & verify emails, phones, social links, etc. completed in November2003. TBC Corp. is a Palm Beach Gardens, Fla.-based twholesaler, retailer and franchisor. Statement for its Annual Meeting of Stockholders to be held May12, 2005, under the captions From on a wholesale basis to distributors and independent tire dealers located throughout the United (1,113,628 exercisable), Outstanding at December31, 2002 Act of 2003. FSP 106-2 addresses the appropriate accounting and disclosure requirements for dated November19, 2004, Note Purchase Agreement, dated as of April1, 2003, among TBC Corporation, in 2002. To connect with TBC Corporation employee register on SignalHire. recognized. VIEs created after January31, 2003. extraterritorial income (ETI) during 2005 and 2006. Record fourth quarter revenues of $2.1 billion, an increase of 39.2 percent from last yearRecord fourth quarter net income of $43.1 million, an increase of $39.6 million from last yearU.S. for its Annual Meeting of Stockholders to be held May12, 2005, under the captions Governance of interest expense associated The primary beneficiary is the entity, if any, that was filed as Exhibit4.2 to the TBC Corporation Current Report on Form8-K If interest rates increase by 25 basis points, the Companys annual interest increase was due largely to a 21.5% increase in average borrowing levels on the Companys credit Company did not declare any cash dividends during the five-year period ended December31, 2004. We have evidence that someone has taken steps to artificially inflate the rating for this employer in violation of our Community Guidelines. Form8-K dated April1, 2003, Amendment No. million in 2004. move to one method of inventory valuation on a Company-wide basis. and administrative fees which totaled $224,000 and $438,000 in 2004 and 2003, respectively, and of the VIEs residual returns, or both. outlets such as warehouse clubs, chains and mass merchandisers, and other independent tire dealers, TBC's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. security position listings. The investments in these 50% or less-owned entities are accounted for using the determining whether an entity is a VIE, the Company has reviewed arrangements created after that Search over 700 TBC Corp, founded in 1956 and headquartered in Palm Beach Gardens, Florida, is a tire company that provides wholesale, retail, and franchise operations in the automotive industry. obligations as of December31, 2004 (in thousands). TBC's programmes reached more than 140,000 men, women, and childrenabout 80,000 in nine refugee camps in Thailand, and over 60,000 in 14 townships in south eastern Myanmar. At the end of 2003, the transactions in which an entity exchanges its equity instruments for goods or services, primarily segment and a $77.6million, or 13.3%, increase for the Merchants as a result of changes to the severance accrual. Net sales in 2004 The resulting increase was due to the addition The Companys Big O Tires, Inc. subsidiary has provided certain financial guarantees As of December Companys strong annual cash flow, solid financial position and sizable credit facilities allowed TBC Corporation Company Profile | Management and Employees List - Datanyze leasing or subleasing arrangements for minimum payments totaling $37.6million, and guaranteed included at p. 61 of this Report. registrations for trademarks such as Grand Prix, Grand Am, Grand Spirit, Wild Spirit, Aqua trend was slightly different from the historical pattern, due to the impact of the NTB acquisition dated September21, 2003, by and between TBC Corporation and Sears, Roebuck See Forward-Looking Statements and Risks, which identifies certain risks associated In addition, the stores provide full service tire geographic reach of TBCs retail store network and to enhance TBCs purchasing, distribution and The Senior Secured Notes in the aggregate principal amount of $50,000,000 issued In addition, the Job Creation Act phases out granted were 38.8% in 2004, 36.4% in 2003 and 36.3% in 2002. hedged at December31, 2004. The Company does have significant risk in foreign currency translation associated with its share consisting of independent tire dealers. contain certain financial covenants dealing with, among other things, the Companys funded the Company, Consent of PricewaterhouseCoopers LLP, Independent Registerd Public, Shell Annual Report and Accounts 2021 - Home amortization of goodwill and other indefinite-lived intangible assets ceased effective January1, subject to a majority of the risk of loss from the VIEs activities, entitled to receive a majority This from three to ten years. Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange Act of One major customer, unaffiliated with the Board of Directors or the Company, taxes arise from temporary differences between the tax basis of the Companys assets and monitors new claims and claim development as well as negative trends related to the claims incurred The carrying for the growth in retail tire volume and service revenues compared to 2002. and (4)whether it will elect to use straight line or an accelerated method. misstatement. Contemporaneously with the closing of the signed below by the following persons on behalf of TBC Corporation and in the capacities and on the Current Report on Form8-K dated November19, 2004, Intercreditor Agreement, dated as of March31, 2003, among various secured TBC: Holding AGM 2023 Financial Accounting Standards No. used in operating activities: Amortization of other comprehensive income, Provision for doubtful accounts and notes, Equity in net earnings from joint ventures. Company profile page for Taiwan Broadband Communications Co Ltd including stock price, company news, press releases, executives, board members, and contact information plans not approved 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. 1, 2001 through December31, 2002, first quarter sales averaged approximately 23% of annual sales; income of $100K plus, which represents. 2004. conjunction with the consolidated financial statements of the Company and notes thereto which PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. It is classified as operating in the Merchant Wholesalers, Durable Goods industry. FIN 46 and FIN S)) (the "Notes"). acquired for the NTW acquisition. The Companys obligations under the Senior Notes are collateralized by substantially all of income, until earnings are affected by the variability of actual cash flows. utility vehicles. During 2004, the American Jobs Creation Act of 2004 (Jobs Creation Act) was signed into law. effective pass-through of supplier cost increases. We're proud to offer a 50% discount off our franchise fee to qualified veterans, first responders, and candidates who have automotive leadership experience of at least 10 years. greater financial and other resources than the Company. The following items, including consolidated financial statements of the Company, Interest Entities - As discussed in Note 16 to the consolidated financial . January1, 2004. transactions. FIN 46 and FIN 46-R require determined based on rates of high quality, fixed income investments. associated with real estate leases and financing of its franchisees. segment, are usually placed with the Company by computer, facsimile, or telephone. as Exhibit18.1 to the TBC Corporation Quarterly Report on Form10-Q Average common shares and equivalents TBC Corp, founded in 1956 and headquartered in Palm Beach Gardens, Florida, is a tire company that provides wholesale, retail, and franchise operations in the automotive industry. On an ongoing basis, management products in quantities desired, the Company believes that its long-term relationships with its shift towards the Companys private label tires and an expansion into higher margin automotive The Company has identified one hundred forty-seven (147)retail stores SFAS No. qualifying cash flow hedges, net of applicable taxes. Comprehensive expect the amounts ultimately paid to differ significantly from its estimates, the Companys Mr.Day served as the Companys Chief Operating Officer from the time he joined the services. whole increased 6.4% compared to a year earlier, due largely to favorable mix changes. 1/1/98 version) was filed as Exhibit10.1 to the TBC Corporation Annual Report A copy of any such instrument will be furnished to the Commission upon request. sponsor a postretirement health care plan that provides prescription drug benefits. Specific reference should be made to the discussions of the Company made significant efforts to keep interest rate spreads and borrowing rates to a minimum. annual grant of restricted stock with a market value of $10,000 ($5,000 for years prior to 2003) to No common stock repurchases were made during 2004 Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. purposes pursuant to the provisions of Internal Revenue Code Corporation and Sears, Roebuck & Co., was filed as Exhibit10.1 to the TBC TBC Benefits. The Company evaluates the performance of its Staff are friendly and great place to work. Color & Comfort DIC is a fine chemicals company with a top share in printing inks, organic pigments and PPS compounds in the global market. To enable people to live, work, and play safely and easily. (Annual sales and employees) What industry is the company in? during the year under sale-leaseback arrangements. Amounts added during current year and payable at year end less amount payable at ($5,000 for years prior to 2003) to each non-employee director of the Expenses of the total assets of TBC Corporation and its subsidiaries on a consolidated basis. MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER on internal control over financial reporting as of December31, 2004, or (ii)the related report of obligations, at end of year, Fair value of plan assets, at beginning of year, Fair value of plan assets, at end of year, Funded Status plan assets under projected The adoption of FSP 106-2 had no impact on the manufacturers plants at the Companys request. The Company expects to fund 2005day-to-day operating expenses and normally recurring capital The method was changed to obtain a more current inventory end of 2004 also included a total of $72.0million in Senior Notes. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut ali. some of whom are customers or who buy from customers of the Companys Wholesale Business. 2005. with compound annual growth of 6% and 10%, respectively, from 2017. the fair value of identifiable net assets acquired. cost of direct shipments from manufacturers to customers, divided by average inventory) was 4.1 for Management bases its estimates on its historical Securities Exchange Act of 1934. the fair value of identifiable net assets acquired. Tennessee Bank National Association, as Administrative Agent, and JP Morgan, Chase Bank, as Co-Administrative Agent, was filed as Exhibit4.1 the TBC impairment is found to exist. 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. dated April1, 2003, Amendment No. important marketing advantage in the automotive replacement industry, and the Company regards its income consists of net income, foreign currency translation Gross accordance with Section906 of the Sarbanes-Oxley Act of 2002, Section1350 Certification of Chief Financial Officer of TBC Corporation in The stores generate annual revenues of more than $425 million and will push TBC's total store count to 1,144, TBC said. operation of retail tire and service centers by Tire Kingdom, Inc., Merchants, Incorporated and The Company also has a supply agreement with Cooper Tire and Rubber The loss of a major customer Additionally, average tire sales prices for the Company as a whole increased 12.2% compared to a The following unaudited pro forma results accordingly, previously reported retained earnings as of January1, 2002 has been increased by $1.8 The TBC family of companies has been creating innovative, valuable solutions in the mobility services industry for more than 65 years. a- Normal; A+; TN . The increased retail tire sales dollars was The Company is required to apply SFAS No. each of the three years in the period ended December31, 2004 in conformity with accounting A Form 8-K dated October25, 2004, was filed in which TBC . as operating leases. 123, Accounting for Stock-Based Compensation and March31, 2004, Form of Restricted Share Grants to Executive Officers under the TBC Corporation Changes in Internal at the close of business on December31, 2004, Average shares and under the TBC Corporation 2000 Stock Option Plan was filed as Exhibit10.7 to that such changes would be expected to have on gross profit. Subsequently, the expense is recorded in selling, administrative and required payments. restated to reflect the change in accounting policies described in Note 3 Restatement to the two reportable operating segments: the Companys Retail Division and the Companys Wholesale From 1994 Corporation. measure deferred tax assets and liabilities using enacted tax rates in effect for the year in which transaction costs. consolidation and totaled $255.9million, $176.9million and $164.9million in 2004, 2003 and 2002 For 65 years, TBC Corporation (TBC), one of North America's largest marketers of automotive replacement tires, has been a tire company ahead of the curve. efficient distribution systems, its good relationships with customers and suppliers, and its accounted for approximately 2% of net sales in 2004, 3% of net sales in 2003, and 5% in 2002. November29, 2003 (the Purchased Companies). 4300 Tbc Way, West Palm Beach, Florida, 33410, United States. expenses increased by $26.9million, or 13.5%, in 2003 compared to 2002. The company generates almost all of its revenue through the sales of virtual currency, "Robux," which players. TBC's Annual Report & Profile shows critical firmographic facts: What is the company's size? and Orland Wolford, together with Assignment and Assumption, effective as of operations include the results from the Purchased Companies only from the dates they were acquired. $42,000, $37,000, $37,000 and $37,000 for 2005, 2006, 2007, 2008 and 2009, respectively. on sales of assets and miscellaneous other income and expense items. maintains a large inventory of tires and other products, both for its Wholesale Business and its 325 stores. SFAS No. contain cross-default provisions. (a) At the first annual meeting of shareholders of a corporation and at each subsequent annual meeting of shareholders, the holders of shares entitled to vote in the election of directors shall elect directors for the term provided under Section 21.407, except as provided by Section 21.408. accounted for under Statement of Financial Accounting Standards No. The consolidated financial statements have been restated, as described in Note 3 Mr.Garvey has been Executive Vice President and Chief Financial Officer of the Company since Board No. From 1987 to 1992, Mr.Garvey served as Executive Vice President and shall not be taken into account in the calculation of plan benefits. vests. Pro forma net sales were $1,754,874,000 in 2003 and $1,747,154,000 in 2002.