Adjusted Earnings means, with respect to any Participant who is an Employee of a Beam Participating Employer, the sum of (A) the Unadjusted Earnings of the Participant in any Plan Year not in excess of the Social Security taxable wage base in effect for such Plan Year and (B) an amount equal to one and one-half times such Unadjusted Earnings in excess of the Social Security taxable wage base in effect for such Plan Year.
Adjusted Earnings means in respect of a Reference Period:
Adjusted Earnings means, for any period, an amount equal to the sum of (i) the profits of NEWCO and FARES II, on a consolidated basis, minus NEWCO’s equity in the profits of First Advantage, assuming an effective tax rate of 40% (which percentage the Parties may from time to time hereafter agree to adjust to reflect material changes in tax rates) and (ii) NEWCO’s equity in the profits of First Advantage (minus 40% of such profits only if US GAAP requires NEWCO’s equity therein to be on a pre-tax basis), in either case as determined in accordance with US GAAP and excluding extraordinary gains and charges, restructuring charges and other unusual or infrequently occurring items.”.
Examples of Adjusted Earnings in a sentence
The Company uses the following non-IFRS measures: Adjusted Operating Earnings, Adjusted Earnings per Share, Adjusted EBITDA, Adjusted EBITDA Margin, Construction Capital, Net Debt, Free Cash Flow and Return on Net Assets.
Adjusted Earnings per share is calculated as Adjusted Earnings (see Reference A), divided by the weighted average number of shares used as the basis for basic earnings per share (see Note 3).
Non-GAAP Financial MeasuresThis section discusses non-GAAP financial measures we use to evaluate our performance, including Funds from Operations ("FFO"), Adjusted Funds from Operations ("AFFO"), Adjusted Earnings before Interest, Taxes, Depreciation and Amortization ("Adjusted EBITDA"), Net Operating Income ("NOI") and Cash Net Operating Income ("Cash NOI").
Management believes that the presentation of Adjusted Earnings or Loss and Adjusted Earnings or Loss per share provide useful information to investors because they exclude non-cash and other charges and are a better indication of the Company’s profitability from operations.
To arrive at Adjusted Earnings, the Group’s earnings are further adjusted for items not specifically attributed to individual segments, such as directors’ and auditor’s remuneration and other head office or corporate administration costs.
More Definitions of Adjusted Earnings
Adjusted Earnings means our 2018 non-GAAP income from operations, which excludes the impact of acquisition- related deferred revenue write-downs, stock-based compensation charges, costs associated with amortization of intangibles arising from business combinations, impairment of capitalized software development costs due to business combinations, acquisition-related integration costs, acquisition-related expenses, CEO transition costs and restructuring costs. Non-GAAP income from operations is also presented in our periodic reports filed with the SEC within the section "Management's discussion and analysis of financial condition and results of operations" of those reports. Adjusted Earnings is calculated before bonus expense.
Adjusted Earnings for the applicable period shall mean the actual audited net after tax income of the Surviving Corporation, determined according to GAAP; plus all actual after tax amortization expense for intangibles resulting from the transactions contemplated by this Agreement; plus the actual after tax amount of any negative impact to earnings associated with the warrants held by Falcon Mezzanine Partners II, L.P., FMP II Co-Investment, LLC and JZ Equity Partners PLC or their successors or assigns and the transactions contemplated by this Agreement, including deal related costs arising out of accounting treatment for warrants, put/call rights, options or other employee equity incentive plans (employee incentives shall be deemed associated with the transactions contemplated by this Agreement if granted within ninety days of the Closing Date); minus a proforma after tax interest income amount calculated by multiplying the amount of the cash balance on Oakmont’s balance sheet as of the Closing Date and immediately prior to consummation of this transaction by an interest rate of five percent (5%) per annum and then multiplying the resulting product by the number of days remaining in the applicable period after the Closing Date and divided the resulting product by 365.
Adjusted Earnings means net earnings as reflected in the Corporation’s consolidated income statement, excluding the effects of property sales and other non-recurring items as reflected in such financial statements, and also excluding other items that the Committee or the Board determines, for this purpose, to be non-recurring or unusual.
Adjusted Earnings means, for any period with respect to Holdings and its Subsidiaries on a consolidated basis, net income (as that term is determined in accordance with GAAP) for such period, plus, without duplication and to the extent already deducted (and not added back) in arriving at such consolidated net income, the sum of the following amounts for such period:
Adjusted Earnings shall be calculated based on net profits plus share-based compensation expenses (including any and all share-based compensation expenses accrued from or in connection with all stock option/share incentives that have been or are to be granted by China Finance) in accordance with U.S. GAAP.
Adjusted Earnings mean, for any period, Net Income allocable to holders of common stock of the Borrower and “high performance unit” shareholders, as determined in accordance with GAAP, plus depreciation, depletion, amortization, losses from discontinued operations and extraordinary losses, but less gain from discontinued operations and extraordinary gains, in each case allocable to holders of common stock of the Borrower and “high performance unit” shareholders, and the Borrower’s Share of Investment Affiliates’ income, as determined in accordance with GAAP, depreciation, depletion and amortization.
Adjusted Earnings for a particular year shall mean the Company’s reported Net Income for such year plus (x) the after-tax amount included in reported Net Income for said year related to stock-based compensation awards granted after December 31, 2006 but minus (y) the amount of after-tax, stock-based compensation expense related to stock-based compensation awards granted after December 31, 2006, that would have been included in reported Net Income had such awards been granted on January 1st of their respective grant years subject only to time-based vesting on a 4-year cliff schedule.