Net Income Before Income Taxes definition

Net Income Before Income Taxes refers to the amount reported as "Income (Loss) Before Income Taxes" in a TFR for the applicable period.
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Net Income Before Income Taxes. ("NIBT")" shall mean "Net Income Before Income Taxes" as set forth in the Consolidated Statement of Income constituting a part of the Consolidated Financial Statements of Employer and its Affiliates for each Plan Year (or portion thereof, as applicable) plus any accrual for payments to be made under the Profit Sharing Plan for all participants for such plan year. Such financial statements shall be prepared by Employer in accordance with generally accepted accounting principles as in effect from time to time applied on a consistent basis and verified by an audit performed by Employer's Accounting Firm.
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Net Income Before Income Taxes means (a) operating income of the Post-Closing Business Unit for the applicable twelve-month period beginning on December 1 and ending on November 30, less (b) Capital Charges for such period, less (c) depreciation and amortization of fixed assets used solely in the Post-Closing Business Unit (as adjusted pursuant to Section 2(e) below) for such period, less (d) Administrative Expenses incurred during such period, plus (e) Intercompany Revenues; provided, however, under no circumstances shall EZCORP’s prepaid debit card business known as the “Change Card” negatively impact the calculation of Net Income Before Income Taxes to the extent that the direct operating expenses of such business exceed the revenues of such business in any measurement period. Capitalized terms used by not defined herein shall have the meaning set forth in the Agreement.
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Examples of Net Income Before Income Taxes in a sentence

  • STATEMENT OF INCOME (IN THOUSANDS) From Inception, April 15, 1998 Year Ended Until September 30, September 30, ------------- ------------- 1999 1998 ---- ---- REVENUE Interest Income $ 423 $ 337 Equity in Earnings of Columbia Federal Savings Bank 878 334 ------ ------ Total Revenue 1,301 671 GENERAL AND ADMINISTRATIVE EXPENSES 644 373 ------ ------ Net Income Before Income Taxes 657 298 Federal Income Tax Benefit 138 46 ------ ------ NET INCOME $ 795 $ 344 ====== ====== COLUMBIA FINANCIAL OF KENTUCKY, INC.

  • Net Income Before Income Taxes, as defined in the preceding sentence, shall be determined from financial statements of Unifiber covering the said twelve month period, adjusted to include or exclude the items described above which are to be taken into account or disregarded, as the case may be, in determining Net Income Before Income Taxes, as aforesaid, certified on a review basis by Unifiber's regular auditors in accordance with generally accepted accounting principles and practices consistently applied.

  • Xxxx; provided, however, that in the event the net income before income tax expense of the Company for the year ended December 31, 1999 as reflected in the audited statement of income of the Company ("COMPANY 1999 NET INCOME BEFORE INCOME TAXES"), is less than $450,000, the 500,000 shares of Parent Common Stock delivered at Closing to the Company Shareholders shall be reduced by one share for each $1.00 increment that Company 1999 Net Income Before Income Taxes is less than $500,000.

  • When politicians talk about taxing “Big Oil” or taking their “record profits,” they should think about who would they really be hurting.Income Tax Expenses as Share of Net Income Before Income Taxes (2009) 48.4% 28.1% Oil & Gas S&P Industrials Companies1 Ex Oil & GasCompanies2Source: Compustat North America Database (January 2010 update).

  • The amount of deferred incentive compensation to be awarded to you shall be based on the Company’s Consolidated Net Income Before Income Taxes as set forth in the Company’s audited financial statements for March 31, 2004 and Mr. E.

  • Executive will participate in Corporation's Profit Sharing Plan equal to no less than 0.5% of Net Income Before Income Taxes, as defined in the Profit Sharing Plan Agreement between Executive and Corporation, and in addition, is entitled to participate in the provisions as outlined in the Management Incentive Bonus Plan.

  • The generally accepted practice for determining planning materiality for external audit purposes was used to make an initial determination of provisional materiality for the purposes of the ICFR Project, i.e., a factor of 5% of Net Income Before Income Taxes was applied as the principal materiality guideline.


More Definitions of Net Income Before Income Taxes

Net Income Before Income Taxes the gross revenues of Sona (but excluding those earnings in the state of Nevada) (i) less cost of goods sold, Indirect Taxes, all selling, general and administrative expenses, interest expense (net of interest income), depreciation and amortisation, and extraordinary losses, and (ii) plus extraordinary gains, and (iii) but before all federal, state and local income taxes;
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Net Income Before Income Taxes means, the net income of Unifiber before federal, state and local income taxes, ------ and without giving effect to, or taking into account, (i) any costs or expenses --- of any type or nature whatsoever which are attributable to any individual or business entity of any type or nature whatsoever, which controls, is controlled by, or is under common control with, Buyer (other than Unifiber after the Closing), (ii) any costs or expenses incident to, or in connection with, the transactions contemplated by this Agreement for which Buyer has agreed to be responsible and pay (whether directly and/or indirectly by allowing Unifiber to pay) under this Agreement (excepting the existing debt obligations of Unifiber from which Mr. and Xxx. Xxxxxxx are to be released from liability) including without limitation, the costs and expenses described and set forth in Paragraph 119 hereof, (iii) any interest expense which is incident or attributable to any indebtedness incurred by Buyer (and/or Unifiber) in connection with the acquisition of Unifiber by Buyer, (iv) any directors and/or management fees paid to Buyer, any of Buyer's affiliates, and/or any individual affiliated with or employed by Buyer, Unifiber and/or any of Buyer's affiliates, and (v) goodwill. Net Income Before Income Taxes, as defined in the preceding sentence, shall be determined from financial statements of Unifiber covering the said twelve month period, adjusted to include or exclude the items described above which are to be taken into account or disregarded, as the case may be, in determining Net Income Before Income Taxes, as aforesaid, certified on a review basis by Unifiber's regular auditors in accordance with generally accepted accounting principles and practices consistently applied. Such financial statements shall be prepared by Unifiber's auditors and available for review not later than 60 calendar days following the closing of Unifiber's books of account for the afore described twelve month period. In the absence of manifest error, said financial statements shall be binding upon Sellers and Buyer.
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Related to Net Income Before Income Taxes

  • Net Income means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends.

  • Earnings Before Interest and Taxes means for any period the sum of (i) net income (or loss) of Borrowers on a Consolidated Basis for such period (excluding extraordinary gains and losses), plus (ii) all interest expense of Borrowers on a Consolidated Basis for such period, plus (iii) all charges against income of Borrowers on a Consolidated Basis for such period for federal, state and local taxes.

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Net Income (Loss) means with respect to any Person and for any period, the aggregate net income (or loss) after taxes of such Person for such period, determined in accordance with GAAP.

  • Qualifying Income Gross income that is described in Section 856(c)(2) or 856(c)(3) of the Code.

  • EBIT means, for any period, the net income of the Company and its Subsidiaries on a Consolidated basis for such period plus each of the following with respect to the Company and its Subsidiaries on a Consolidated basis to the extent utilized in determining such net income: (a) Interest Expense and (b) provision for taxes.

  • Net Income or Net Loss means, for each Fiscal Year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period, as determined for federal income tax purposes, determined by the Accountants in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), with the following adjustments:

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • net non-operating income means the difference between: (A) revenues from all sources other than those related to operations; and (B) expenses, including taxes and payments in lieu of taxes, incurred in the generation of revenues in (A) above.

  • Cumulative Net Income means, in respect of any Performance Period, the aggregate cumulative amount of the Adjusted Net Income for the calendar or other fiscal years of the Company during such Performance Period.

  • Adjusted Net Income ’ means net income adjusted for non-cash expenses (income) such as amortization of intangible assets, deferred income taxes, and certain other expenses (income). The Company believes that Adjusted net income is useful supplemental information as it provides an indication of the results generated by the Company’s main business activities prior to taking into consideration amortization of intangible assets, deferred income taxes, and certain other non-cash expenses (income) incurred or recognized by the Company from time to time. ‘‘Adjusted net income margin’’ refers to the percentage that Adjusted net income for any period represents as a portion of total revenue for that period.

  • EBITA means for any period, operating profit (loss) plus (i) amortization, including goodwill impairment, (ii) amortization of non-cash distribution and marketing expense and non-cash compensation expense, (iii) restructuring charges, (iv) non-cash write-downs of assets or goodwill, (v) charges relating to disposal of lines of business, (vi) litigation settlement amounts and (vii) costs incurred for proposed and completed acquisitions.

  • Consolidated Net Income (Loss) of any Person means, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication, (i) all extraordinary gains or losses (exclusive of all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis allocable to minority interests in unconsolidated Persons to the extent that cash dividends or distributions have not actually been received by such Person or one of its Subsidiaries, (iii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v) net gains (or losses) (except for all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any gain arising from the acquisition of any securities, or the extinguishment, under GAAP, of any Indebtedness of such Person, (viii) transaction costs charged in connection with the Refinancing, or (ix) amortization of intangible assets of such Person and its Subsidiaries on a consolidated basis under GAAP.

  • Non-Income Tax means any Tax other than an Income Tax.

  • Net Profit means such profit as is calculated in accordance with paragraph 61;

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • Operating Revenue Cash Flows means the Company’s cash flow from ownership and/or operation of (i) Properties, (ii) Loans, (iii) Permitted Investments, (iv) short-term investments, and (v) interests in Properties, Loans and Permitted Investments owned by any Joint Venture or any partnership in which the Company or the Partnership is, directly or indirectly, a co-venturer or partner.

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of the Borrower, the Borrower’s net income after provision for income taxes for such fiscal period, as determined in accordance with GAAP and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain arising from any write-up in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by the Borrower in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person in which the Borrower has an ownership interest unless (and only to the extent) such earnings shall actually have been received by the Borrower in the form of cash distributions; (e) earnings of any Person to which assets of the Borrower shall have been sold, transferred or disposed of, or into which the Borrower shall have been merged, or which has been a party with the Borrower to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain arising from the acquisition of debt or equity securities of the Borrower or from cancellation or forgiveness of Debt; (g) gains or non-cash losses arising from Hedge Agreements entered into by Borrower, and (h) gain arising from extraordinary items, as determined in accordance with GAAP, or from any other non-recurring transaction.

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • Earnings from Operations for any period means net earnings excluding gains and losses on sales of investments, extraordinary items and property valuation losses, as reflected in the financial statements of the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Net Income means, with respect to any specified Person for any period, the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that:

  • Non-Income Tax Return means any Tax Return relating to Taxes other than Income Taxes.

  • Consolidated Net Earnings means, for any period, the net income (loss) of Borrower for such period, as determined on a Consolidated basis and in accordance with GAAP.

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.