Operating Income. (418) ---------- 639,802 ---------- 568,999 (1,014) --------- 536,220 --------- 419,873 (35,122) -------- 397,939 -------- 213,491 Other income (expense): Interest income.......................................... 30,565 19,379 879 Interest expense......................................... (14,487) (10,270) (2,326) Other, net............................................... Income before income tax expense........................... 5,154 ---------- 590,231 1,079 --------- 430,061 661 -------- 212,705 Income tax expense......................................... Net income................................................. Net income per share: (206,572) ---------- $ 383,659 ========== (151,456) --------- $ 278,605 ========= (66,317) -------- $146,388 ======== Basic.................................................... Diluted.................................................. Weighted average shares outstanding: $ 2.78 ========== $ 2.66 ========== $ 2.01 ========= $ 1.93 ========= $ 1.18 ======== $ 1.18 ======== Common shares............................................ 138,020 138,560 124,462 Dilutive potential common shares......................... Total weighted average shares outstanding........ 9,876 ---------- 147,896 ========== 8,929 --------- 147,489 ========= -- -------- 124,462 ======== The accompanying notes are an integral part of the consolidated financial statements. 30 DIAMOND OFFSHORE DRILLING, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (IN THOUSANDS, EXCEPT NUMBER OF SHARES) ACCUMULATED RETAINED OTHER COMMON STOCK ADDITIONAL EARNINGS COMPREHENSIVE TREASURY STOCK --------------------- PAID-IN (ACCUMULATED GAINS -------------------- SHARES AMOUNT CAPITAL DEFICIT) (LOSSES) SHARES AMOUNT December 31, 1995............ 50,000,000 $ 500 $ 665,107 $(171,444) $(1,269) -- $ -- Net income................. -- -- -- 146,388 -- -- -- Merger with Arethusa....... 17,893,344 179 550,507 -- -- -- -- Stock options exercised.... 460,065 5 4,418 -- -- -- -- Exchange rate changes, net...................... -- -- -- -- 341 -- -- December 31, 1996............ 68,353,409 684 1,220,032 (25,056) (928) -- -- Net income................. -- -- -- 278,605 -- -- -- Issuance of common stock... 1,250,000 12 82,270 -- -- -- -- Two-for-one stock split.... 69,649,474 696 -- (696) -- -- -- Dividends to stockholders............. -- -- -- (19,503) -- -- -- Stock options exercised.... 57,065 1 410 -- -- -- -- Exchange rate changes, net...................... -- -- ...
Operating Income. Operating Income of the Partnership for each taxable year of the Partnership shall be allocated among the Partners as follows:
Operating Income. Operating Income shall mean the Company’s operating income as set forth on the audited consolidated statement of operations of the Company and its subsidiaries for the applicable fiscal year.
Operating Income. The Company shall not permit (as of the end of any fiscal quarter) its operating income to be less than $.01.
Operating Income. The Committee will calculate the Company’s Operating Income as the Company’s three-year cumulative Adjusted Operating Income (Non-GAAP) for the Company’s fiscal years 2014 through 2016, as adjusted, both positively and negatively, for the following items as approved by the Compensation Committee: impacts of unplanned acquisitions and divestitures; impairment charges related to goodwill, other intangible assets, and long-lived assets (non-cash); unplanned costs and benefits related to real estate strategy including, but not limited to, lease terminations or facility closure obligations; and unplanned legal expenses related to attorneys’ fees, settlements, and judgments; and any additional unplanned and extraordinary events (as determined by the Committee) for which the Committee determines adjustments should be made. All calculations related to foreign exchange rates will be calculated based on the foreign exchange rate used in the Company’s 2014 through 2016 annual operating plans, as applicable.
Operating Income. The Restricted Shares earned under the Operating Income metric shall be determined based upon the Company’s cumulative Operating Income for the Performance Period, as determined by the Committee, and the Operating Income Restricted Shares matrix attached hereto as Exhibit A.
Operating Income. For the purposes hereof, Operating Income shall consist of Gross Revenues less normal operating expenses including, but not limited to, rent, utilities, employee compensation, other labor and material costs and the like as well as expenses of Urecoats Industries, Inc. or its subsidiaries directly related to Employer's operations such as legal, accounting and bookkeeping expenses. Income taxes shall not be deducted in determining Operating Income. Also, Operating Income will not include or be affected by "extraordinary items" of gains or loss as that term is defined under generally accepted accounting principles (hereinafter "GAAP") and shall not include or be affected by any gains, losses or profits realized from the sale of any assets other than in the ordinary course of business.
Operating Income. Any Operating Income remaining after the allocations set forth above in excess of Operating Loss will be allocated among the Partners holding Ordinary Partnership Interests in proportion to, and to the extent of, distributions to be made with respect to such OPIs under Section 5.5(b), then in proportion to, and to the extent of, negative Adjusted Capital Account balances for one or more OPIs, and then in accordance with Percentage Interests.
Operating Income. Maintain, as of the last day of each Fiscal Quarter, a ratio of (i) aggregate segment operating income of the Regulated Subsidiaries, to (ii) consolidated total segment operating income (excluding corporate and other) in each case determined consistently with GAAP and consistently with the past practices of Borrower for the twelve month period then ended, of not less than 0.65 to 1.00.
Operating Income. For each Taxable Year, Operating Income shall be allocated in the following order of priority:
