Reclassification Adjustments Sample Clauses

Reclassification Adjustments. During the preparation of this unaudited pro forma condensed combined financial information, management performed a preliminary analysis of Xxxxxxx’s financial information to identify differences in accounting policies compared to those of XxxXxxx.xx, and differences in financial statement presentation compared to the presentation of XxxXxxx.xx. At the time of preparing the unaudited pro forma condensed combined financial information, other than the adjustments described herein, XxxXxxx.xx is not aware of any other material differences. Unaudited Pro Forma Condensed Combined Balance Sheet As of December 31, 2023, (in thousands) XxxXxxx.xx Holdings, Inc. (Historical) Pangiam Ultimate Holding, LLC (Historical) Historical Reclassification Adjustments Notes Pangiam Ultimate Holding, LLC (After Reclassification) Assets Current assets Cash and cash equivalents — 2,156 (a ) 2,156 Cash 1,039 (1,039 ) (a ) — Restricted cash 1,117 (1,117 ) (a ) — Accounts receivable, less allowance for credit losses Accounts receivable, less allowance for credit losses 7,825 7,825 Contract assets — — Prepaid expenses and other current assets — 416 (b ) 416 Income tax receivable 104 (104 ) (b ) — Other current assets 312 (312 ) (b ) — Total Current assets 10,397 — 10,397 Non-current assets Property and equipment, net Property & equipment, net 657 657 Goodwill Goodwill 14,441 14,441 Intangible assets, net — 43,457 (c ) 43,457 veriScan software, net 7,664 (7,664 ) (c ) Customer relationships, net 32,491 (32,491 ) (c ) Other intangible assets, net 3,302 (3,302 ) (c ) Right-of-use assets Right-of-use assets, net 5,807 5,807 Deferred tax assets — — Other non-current assets Other non-current assets 1,777 1,777 Total Assets 76,536 — 76,536 Liabilities & stockholder’s deficit Current liabilities Accounts payable Accounts payable 4,275 4,275 Short term debt, including current portion of long-term debt Accrued liabilities — 7,628 (d ) 7,628 Accrued compensation 4,472 (4,472 ) (d ) — Other accrued expenses 3,156 (3,156 ) (d ) — 8,021 (e ) 8,021 Loan payable and accrued interest 73,720 (73,720 ) (e ) — Loan payable 65,699 (e ) 65,699 Contract liabilities — — Current portion of long-term lease liability — 1,075 (f ) 1,075 Operating lease liabilities, current 1,075 (1,075 ) (f ) — Derivative liabilities — — Other current liabilities — 1,246 (g ) 1,246 Deferred revenue 1,246 (1,246 ) (g ) — Total Current liabilities 87,944 87,944 Non-Current liabilities Long-term debt, net — — Due to related party ...
Sample 1
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Reclassification Adjustments. Methode has completed a preliminary review of the financial statement presentation of Grakon for purposes of the Unaudited Pro Forma Combined Financial Information. During this review, the following financial statement reclassifications were performed in order to align the presentation of Xxxxxx’s financial information with that of Methode: Historical Reclassification Reclassified Financial Statement Line Item Grakon Adjustment Grakon Balance Sheet as of July 28, 2018 4(a) Accounts receivable, net $ 31.2 $ (31.2 ) $ — Accounts Receivable, Less Allowance (2018 - $0.5 and 2017 $0.6) — 31.2 31.2 4(b) Inventories, net 23.3 (23.3 ) — Finished Products — 11.4 11.4 Work in Process — 1.8 1.8 Materials — 10.1 10.1 Total Inventories — 23.3 23.3 4(c) Prepaid expenses and other assets 8.9 (8.9 ) — Prepaid Expenses and Other Current Assets — 8.9 8.9 4(d) Property and Equipment, net 17.2 (17.2 ) — Land — — — Buildings and Buildings Improvements — 15.3 15.3 Machinery and Equipment, Gross — 13.6 13.6 Property, Plant and Equipment, Gross — 28.9 28.9 Less: Allowance for Depreciation — 11.8 11.8 PROPERTY, PLANT AND EQUIPMENT, NET — — — 4(e) Goodwill 103.8 (103.8 ) — Goodwill — 103.8 103.8 4(f) Intangibles, net 87.4 (87.4 ) — Other Intangibles, Less Accumulated Amortization — 87.4 87.4 4(g) Deposits 0.4 (0.4 ) — Other — 0.4 0.4 4(h) Accrued liabilities 11.1 (11.1 ) — Deferred revenue 2.4 (2.4 ) — Other Accrued Expenses — 13.5 13.5 4(i) Current portion of long-term debt 5.1 (5.1 ) — Short-term Debt — 5.1 5.1 Statement of Income for the 12 months ended April 28, 2018 4(k) Cost of Sales 84.1 (84.1 ) — Cost of Products Sold — 84.1 84.1 4(l) Selling, general and administrative expenses 24.6 (24.6 ) — Net Sales — (0.8 ) (0.8 ) Cost of Products Sold — 0.5 0.5 10 Other Income, Net — — — Selling and Administrative Expenses — 24.8 24.8 4(m) Depreciation and amortization 11.5 (11.5 ) — Cost of Products Sold — 1.3 1.3 Amortization of Intangibles — 10.2 10.2 4(n) Interest expense 5.6 (5.6 ) — Interest (Income) Expense, Net — 5.6 5.6 4(o) Other (expense) income (0.1 ) 0.1 — Other Income, Net — (0.1 ) (0.1 ) 4(p) Income (Loss) Before Provision For Income Tax 16.7 (16.7 ) — Income before Income Taxes — 16.7 16.7 4(q) Provision for income tax 4.2 (4.2 ) — Income Tax Expense — 4.2 4.2 Statement of Income for the 3 months ended July 28, 2018 4(r) Cost of Sales 29.0 (29.0 ) — Cost of Products Sold — 29.0 29.0 4(s) Xxxxxxx, general and administrative expenses 5.7 (5.7 ) — Cost of Products Sold — ...
Sample 1
Reclassification Adjustments. The accounting policies used in the preparation of this unaudited pro forma condensed combined financial information are those set out in Marvell’s financial statements as of and for the year ended February 3, 2018. With the information currently available, Marvell has determined that no significant adjustments are necessary to conform Cavium’s financial statements to the accounting policies used by Marvell in the preparation of the unaudited pro forma condensed combined financial information. Certain reclassification adjustments have been made to the unaudited pro forma condensed combined financial information to conform Cavium’s historical unaudited condensed consolidated balance sheet as of March 31, 2018 to Marvell’s financial statement presentation. The unaudited pro forma condensed combined financial information may not reflect all reclassifications necessary to conform Cavium’s financial statement presentation to that of Marvell due to limitations on the availability of information as of the date of the Current Report on Form 8-K on which these financial statements are filed as an exhibit. Additional reclassification adjustments may be identified as more information becomes available.
Sample 1
Reclassification Adjustments. The accounting policies used in the preparation of this unaudited pro forma condensed combined financial information are those set out in Keysight’s consolidated financial statements as of and for the year ended October 31, 2016. With the information currently available, Xxxxxxxx has determined that no significant adjustments are necessary to conform Ixia’s consolidated financial statements to the accounting policies used by Xxxxxxxx in the preparation of the unaudited pro forma condensed combined financial information. Certain reclassification adjustments have been made to Ixia’s historical consolidated balance sheet as of December 31, 2016 and consolidated results of operations for the three months and year ended December 31, 2016 and for the three months ended December 31, 2015 to conform to Xxxxxxxx’s presentation. The pro forma financial information may not reflect all reclassifications necessary to conform Ixia’s presentation to that of Keysight due to limitations on the availability of information as of the date of this document. Accounting policy differences and additional reclassification adjustments may be identified as more information becomes available.
Sample 1
Reclassification Adjustments. The reclassification adjustments to the historical presentation of RSI’s income statements and balance sheet were made to conform RSI’s presentation to American Woodmark’s presentation. Further review of RSI’s financial statements may result in additional reclassifications to conform to American Woodmark’s presentation. American Woodmark does not expect that any such revision would be material. The reclassification adjustments are presented below.
Sample 1

Related to Reclassification Adjustments

  • Capitalization Adjustments The number of Shares subject to the Option and the exercise price per Share shall be equitably and appropriately adjusted as provided in Section 12.2 of the Plan.

  • Antidilution Adjustments The provisions of this Warrant are subject to adjustment as provided in this Section 5.

  • Anti-Dilution Adjustments For all purposes of this Section 3.10, the number of shares of Class A Common Stock and the corresponding number of Common Units shall be determined after giving effect to all anti-dilution or similar adjustments that are applicable, as of the date of exercise or vesting, to the option, warrant, restricted stock or other equity interest that is being exercised or becomes vested under the applicable Stock Option Plan or other Equity Plan and applicable award or grant documentation.

  • Dilution Adjustments The Exchange Rate, Appreciation Threshold Price and Initial Price shall be subject to adjustment from time to time as follows:

  • Escalation Adjustments The base airframe and special features price will be escalated according to the applicable airframe and engine manufacturer escalation provisions contained in Exhibit D of the Agreement. Buyer agrees that the engine escalation provisions will be adjusted if they are changed by the engine manufacturer prior to signing the Option Aircraft Supplemental Agreement. In such case, the then-current engine escalation provisions in effect at the time of execution of the Option Aircraft Supplemental Agreement will be incorporated into such agreement.

  • Anti-Dilution Adjustment For the avoidance of doubt, the terms of Section 4(c) of the Plan, relating to anti-dilution adjustments, will apply to the SAR.

  • Certain Adjustments The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 9.

  • Consideration Adjustment The Parties agree to treat all payments made pursuant to this Article IX as adjustments to the Cash Distribution for Tax purposes, except as otherwise required by Law following a final determination by the U.S. Internal Revenue Service or a Governmental Authority with competent jurisdiction.

  • Merger Consideration Adjustment (a) Within ninety (90) days after the Closing Date, the Purchaser’s Chief Financial Officer (the “CFO”) shall deliver to the Purchaser Representative and the Seller Representative a statement (the “Closing Statement”) setting forth (i) a consolidated balance sheet of the Target Companies as of the Reference Time and (ii) a good faith calculation of the Closing Net Indebtedness, Net Working Capital and Transactions Expenses, in each case, as of the Reference Time, and the resulting Merger Consideration using the formula in Section 1.07. The Closing Statement shall be prepared, and the Closing Net Indebtedness, Net Working Capital and Transactions Expenses and the resulting Merger Consideration and shares shall be determined in accordance with the Accounting Principles and otherwise in accordance with this Agreement.

  • Anti-Dilution Adjustments to Exercise Price If the Company or any Subsidiary thereof, as applicable, at any time while this Warrant is outstanding, shall sell or grant any option to purchase, or sell or grant any right to reprice, or otherwise dispose of or issue (or announce any offer, sale, grant or any option to purchase or other disposition) any Common Stock or securities entitling any person or entity to acquire shares of Common Stock (upon conversion, exercise or otherwise) (including but not limited to under the Note), at an effective price per share less than the then Exercise Price (such lower price, the “Base Share Price” and such issuances collectively, a “Dilutive Issuance”) (if the holder of the Common Stock or Common Stock Equivalents so issued shall at any time, whether by operation of purchase price adjustments, elimination of an applicable floor price for any reason in the future (including but not limited to the passage of time or satisfaction of certain condition(s)), reset provisions, floating conversion, exercise or exchange prices or otherwise, or due to warrants, options or rights per share which are issued in connection with such issuance, be entitled or potentially entitled to receive shares of Common Stock at an effective price per share which is less than the Exercise Price at any time while such Common Stock or Common Stock Equivalents are in existence, such issuance shall be deemed to have occurred for less than the Exercise Price on such date of the Dilutive Issuance (regardless of whether the Common Stock or Common Stock Equivalents are (i) subsequently redeemed or retired by the Company after the date of the Dilutive Issuance or (ii) actually converted or exercised at such Base Share Price), then the Exercise Price shall be reduced at the option of the Holder and only reduced to equal the Base Share Price, and the number of Warrant Shares issuable hereunder shall be increased such that the aggregate Exercise Price payable hereunder, after taking into account the decrease in the Exercise Price, shall be equal to the aggregate Exercise Price prior to such adjustment (for the avoidance of doubt, the aggregate Exercise Price prior to such adjustment is calculated as follows: the total number of Warrant Shares multiplied by the initial Exercise Price in effect as of the Issuance Date). Such adjustment shall be made whenever such Common Stock or Common Stock Equivalents are issued, regardless of whether the Common Stock or Common Stock Equivalents are (i) subsequently redeemed or retired by the Company after the date of the Dilutive Issuance or (ii) actually converted or exercised at such Base Share Price by the holder thereof (for the avoidance of doubt, the Holder may utilize the Base Share Price even if the Company did not actually issue shares of its common stock at the Base Share Price under the respective Common stock Equivalents). The Company shall notify the Holder in writing, no later than the Trading Day following the issuance of any Common Stock or Common Stock Equivalents subject to this Section 2(b), indicating therein the applicable issuance price, or applicable reset price, exchange price, conversion price and other pricing terms (such notice the “Dilutive Issuance Notice”). For purposes of clarification, whether or not the Company provides a Dilutive Issuance Notice pursuant to this Section 2(b), upon the occurrence of any Dilutive Issuance, after the date of such Dilutive Issuance the Holder is entitled to receive a number of Warrant Shares based upon the Base Share Price regardless of whether the Holder accurately refers to the Base Share Price in the Notice of Exercise.

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