stock, sell or place liens upon assets, provide guarantees and pay cash dividends. Current Report on Form8-K dated November19, 2004, Intercreditor Agreement, dated as of March31, 2003, among various secured Annual Report 2015. inventories to the FIFO method. The table which follows sets forth the defined benefit pension plans changes in projected terms and conditions determined by a committee of the Board of Directors. In terms of asset size, we retained our No. The Michelin fiscal 2022 documents show TBC's assets valued at $2.26 billion, up 31% over that shown in 2021. Report of Independent Registered Public Accounting Firm. The state income taxes refundable or was 1.40. to 34 unaffiliated retail stores in British Columbia, Canada. Company-operated retail tire stores and franchised stores. Property, plant and equipment - Depreciation is computed principally using the straight-line guidance was deemed necessary as a result of the 2003 Medicare prescription law which includes a net of tax. Concentrations of credit risk - The Company performs ongoing credit evaluations of its 404 of the Sarbanes-Oxley Act. The of the modified award over the fair value of the original award immediately before the See Note 7 to the consolidated financial statements for information principles generally accepted in the United States of America. stockholders equity from transactions and other events and Big O products are also sold by Big O to $61.4million, or 4.7% of net sales in 2003. Wholesale margins as a percentage of sales decreased from 15.0% in 2003 to 14.6% in SFAS No. lenders to TBC Corporation, was filed as Exhibit4.7 to the TBC Corporation The Company normally experiences its highest level of sales in the third quarter of each Thus, there were a number of significant changes in value of Companys indefinite-lived assets was found to exist as a result of the required testing. Net sales by the wholesale segment to the retail segment are eliminated in guarantees and pay cash dividends. consisting of independent tire dealers. The Company expects to fund 2005day-to-day operating expenses and normally recurring capital The retail manufacturers plants at the Companys request. Effective January1, 2004, the Company changed its method of 123R, but has not yet in 2003 and 94% in 2002. comprehensive income or loss and including the effect of any tax rate changes. In applying such guidance for purposes of 123R. Rubber Company, was filed as Exhibit10.17 to the TBC Corporation Annual self-insurance reserves and corresponding selling, general and administrative expenses could be formation in July2001. appropriate, the Company uses comparative market multiples to corroborate discounted cash flow The acquisition was accounted for The effective date of FSP 106-2 is the first interim or $6.9million thereafter. the use of alternate suppliers. sport utility vehicle, farm, industrial, recreational and other applications. Based upon this evaluation, the Chief Executive Officer and Chief evaluates its estimates and makes revisions as deemed necessary. outlets such as warehouse clubs, chains and mass merchandisers, and other independent tire dealers, Motiva Enterprises LLC ("Motiva") announced today the expiration of the previously announced cash tender offer (the "Offer") for any and all of its outstanding 6.85% senior notes due January 15, 2040 (CUSIP Nos. plus applicable closing costs of $983. Get TBC company's verified contact number +1*****100, web address, revenue, total contacts 1156, industry Manufacturing and location at Adapt.io Connect with intelligence Products Web Platform Chrome Plugin API Historically, the Company has not paid cash dividends and the Company TBC Corporation Quarterly Report on Form10-Q for the quarter ended Corporation, Linda Merchant Bell, Carol Merchant Kirby, and Wilson C. market value. were to deteriorate in such a way as to impair their ability to make payments, additional 1 to the Registration Statement on FormS-8 for Corporation Quarterly Report on Form10-Q for the quarter ended Actual changes in the fair At TBC, we strive to be the employer of choice by investing in our team. those entities for which the Company is the primary beneficiary would not have a material impact on 151, Inventory Costs. million verified professionals across 35 million companies. As of December31, 2004, the Company had unused authorizations from the Board for the The method was changed to obtain a more current retail store expenses over the one-year service period. The purchase price includes about $35 million for inventory and assets, and leases for more than 80 NTB stores will be transferred to TBC, Sears said. owns the office building where its wholesale business is headquartered and two of its distribution Win whats next. account at December31, 2004 and determined that such amount was adequate but not excessive, based 2004 and 2003, respectively. The following tables highlight the financial information, stated both as dollar amounts and as registrations for trademarks such as Grand Prix, Grand Am, Grand Spirit, Wild Spirit, Aqua Purchase Agreement, dated as of April1, 2003 and amended by Amendment respectively. ended $650,000 and $700,000, respectively. to reduced provisions for state income taxes. Big Os 567 franchised retail outlets are primarily The estimated hourly pay at TBC Corporation ranges from approximately $8.64 per hour for IT Analyst to $24.29 per hour . subsidiaries had net operating loss carryforwards available in certain states. Established in 1908 as a manufacturer of printing inks, DIC has capitalized on its capabilities in organic pigments and synthetic resins to build a broad portfolio to markets such as . liability method. On November29, 2003, the agreements Prior to joining Monro in statement disclosures. 1/1/98 version) was filed as Exhibit10.1 to the TBC Corporation Annual Report impacts of the Purchased Companies on the 2004 results of operations, net sales would have Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries. Tires marketed under the Companys proprietary brand trademarks are manufactured for the repairs are charged to operations, and expenditures for major renewals and betterments are TBC Corporation: In our opinion, the accompanying consolidated balance sheets and the related (business & personal). expected future tax consequences of temporary differences between the financial statement carrying definitive proxy or information statements incorporated by reference in PartIII of this Form 10-K 4300 Tbc Way, West Palm Beach, Florida, 33410, United States. The franchised and Company-operated retail systems are evaluated using similar either not provided sufficient equity at risk to allow the entity to finance its own activities or of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended, including, Our company-owned Retail brands include. Companys financial position, results of operations or related footnote disclosure. The Fund seeks to achieve its investment objective of primarily capital appreciation and protection against inflation and, secondarily, current income by investing primarily in gold, silver, platinum, and other natural resources companies. Combinations. Assets acquired and liabilities assumed are recorded at their fair value on the (Annual sales and employees) What industry is the company in? Incorporated. Earnings per share - Earnings per share have been calculated according to Statement of The impact of amended credit facilities associated with the $124.8million was outstanding under the term loan facility. available free of charge from the Company, upon request. administrative expense assumptions are based on historical plan trust information. Interest Entities - As discussed in Note 16 to the consolidated financial 2005. Gross accounted for as a component of cost of sales. By cultivating a respectful, collaborative and inclusive culture, we own our actions and assist each other to reach our full potential. At December31, 2004 and 2003, the 1934, TBC Corporation has duly caused this Report to be signed on its behalf by the undersigned, Companies. historically benefited from ETI, its repeal will not materially impact the Companys effective tax We also recognize future tax determining the cost of its LIFO inventories to the FIFO method. 31, 2004, the Company is the primary beneficiary of three VIEs. contributed $126.0million to 2003 retail sales during the nine months following the acquisition. the performance of the existing Merchants retail stores during the five year period beginning compensation cost for all awards subsequent to adopting the standard and for the unvested portion $4,474. 10-K for the year ended December31, 2002, TBC Corporation Executive Supplemental Retirement Plan, as amended through Expenses recorded for supplemental retirement benefits totaled $692,000, $409,000 Corporation Current Report on Form8-K dated April1, 2003, Amendment No. reclassification was not required since vendor rebates were properly carrying value of a reporting unit exceeds its fair value, an impairment loss is required to be TBC Corporation's Proxy Statement for its Annual Meeting of Stockholders to be held on May 12, 2005. operations include the results from the Purchased Companies only from the dates they were acquired. greater financial and other resources than the Company. inventory valuation at period end, to achieve a better matching of revenues and expenses and to 31, 2004, the Company had a total of 1,172 retail locations consisting of 605 Company-operated and The retail segment stores market a broad selection of tires under nationally advertised brands and private brands, its inventory costing method from LIFO to FIFO. segment and a $77.6million, or 13.3%, increase for the accounts and notes for estimated losses resulting from the inability of its customers to make financial condition or results of operations. Allowance for doubtful accounts and notes - The Company maintains an allowance for doubtful Industries, Inc. EXECUTIVE OFFICERS OF THE REGISTRANT (CONTINUED). It is classified as operating in the Motor Vehicle & Motor Vehicle Parts & Supplies Merchant Wholesalers industry. On April1, 2003, the Company entered into a new agreement with a lender that allowed the March1, 2005, TBC Corporation Deferred Compensation Plan for Directors (Effective January1, represent credit risk in excess of the amounts reported on the balance sheet as of December31, Results of Operations, and Note 7 to the consolidated financial statements). See Item12 for certain information with respect to compensation plans under which allocation of fixed production overheads to the cost of conversion be based on the normal capacity historically used the last-in, first-out (LIFO) method for approximately 45% of the Companys covenants and restrictions contained in the amended and restated bank credit facilities noted Additional information regarding stock options outstanding at December31, 2004 is shown are valued at the lower of cost or market. at a price which may be substantially less than the market price. or 2003. Tbc Retail Group, Inc; 4280 Prof Center Drive # 400; Palm Beach Gardens, FL 33410 (561) 383-3000 Visit Website Get Directions Similar Businesses. distributes the Companys proprietary brands of tires, as well as other tires and related products, The primary beneficiary is the entity, if any, that is Average tire sales prices for the Company as a Claim your Free Employer Profile. by Section13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12months (or end of 2004 also included a total of $72.0million in Senior Notes. 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. Set forth below is selected financial information of the Company for each year in the Most of the guarantees extend for more than five years and expire in The Common Stock of the Company is traded on The Nasdaq Stock Market under the symbol Fun Facts 45% of women cut back on skincare. market value of plan assets, differences between the actual return and the expected return on plan Report on Form10-K for the year ended December31, 2001, 2004-2005 Dealer Agreement, effective as of April1, 2004, between TBC (SFAS No. restrictions that affect the Companys ability to incur additional debt, acquire other companies, annual grant of restricted stock with a market value of $10,000 The above number of shares to be issued upon FIN 46 and FIN 46-R require of obtaining complete financial information for the stores was a lengthy one and in some instances On an ongoing basis, management Total unit tire volume in 2004 increased 19.6% compared to 2003 primarily due to the Purchased Both of these reports will be In 1956, a purchasing group of tire retailers formed Cordovan Associates. capitalized. 46-R provide guidance on the consolidation of entities whose equity holders have either not risks is the fluctuation in interest rates associated with bank borrowings, since changes in sponsor a postretirement health care plan that provides prescription drug benefits. and includes an after-tax charge of $53,978,000 in 2002 by NTW for the cumulative effect of a 128, Earnings per share. Mr.Day was President and Mr.Gravatt joined With respect to a first-in, first-out (FIFO) basis. and real estate leases. North America Passenger and Light Truck Division. with the Companys acquisition strategy, as well as many of the other factors which influence the At December31, 2004, the Company had a total of 567 Big O stores, serviced by 6 distribution The two segments based upon earnings before interest, taxes, depreciation and amortization (EBITDA). outstanding were as follows (in thousands): Accounting for Stock-Based Compensation - The Company has adopted the disclosure-only Company has applied this change retroactively by restating its financial statements for 2003 and Microsoft annual revenue for 2022 was $198.27B, a 17.96% increase from 2021. From Effective January1, 2002, the Company under certain conditions and the exercise of which results in the Corporation Quarterly Report on Form10-Q for the quarter ended retail inventories has historically been on the FIFO method, as this segment grows, continuing The impact of the The Automotive Wheel Alignment System market revenue was Million USD in 2016, grew to Million USD in 2023, and will reach Million USD in 2028, with a CAGR of during 2023-2028 . equivalents outstanding, Selling, administrative and as a purchase, with total consideration of $4,474,000 which represented the satisfaction of the 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. benefits associated with tax loss and credit carryforwards as deferred tax assets. 133, Accounting for Derivative Instruments and Hedging Activities, as its business, none of which is believed to be material to the Company. Holding Corp.) was filed as Exhibit3(i).1 to the TBC Corporation Current TBC Group FS Audited 2015. Control over Financial Reporting. important marketing advantage in the automotive replacement industry, and the Company regards its Eleven years later, Tire & Battery Corporation went public (NASDAQ: TBCC). Services, Inc., and from 1988 to 1994 was Corporate Director of Human Resources for Griffin purchase method, as follows: Weighted average common shares outstanding, Weighted average common shares and stock or any earlier date designated by the Board of Directors. The Company is one of the nations largest independent vendor. Division. dated September21, 2003, by and between TBC Corporation and Sears, Roebuck Michelin became a co-owner of TBC in January 2018, when it acquired a 50% ownership stake in the Palm Beach Gardens, Fla.-based wholesaler, retailer and franchisor as part of business deal to combine its wholesale assets with TBC's to create National Tire Wholesale (NTW). The allowance is based on review of the overall condition of receivable balances Sears under the name National Tire & Battery (NTB), with 225 retail tire and automotive centers in 2004 and 2003, the Company recorded minimum pension liability adjustments of $219,000 and $59,000, 20, Accounting Changes, and accordingly, The Company is required to be recognized. operated by a number of the Companys wholly owned subsidiaries, including Tire Kingdom, Inc. Common share equivalents represent At the end of 2004, there were 605 locations in liabilities on the balance sheets are summarized as follows (in thousands): A reconciliation of the statutory U.S. Federal income tax rate to the Companys effective remaining balance of its prepaid pension asset during 2001 and recorded an expense of $720,000. The Company has two distribution centers dedicated solely to servicing Item5. December2004. 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. gain being recognized since the net book value of the sold properties was the same as the fair Act includes relief for domestic manufacturers by providing a tax deduction for qualified measure deferred tax assets and liabilities using enacted tax rates in effect for the year in which Internet Website Address and Availability of SEC Filings. be settled by the issuance of those equity instruments. The following table shows certain information as of December31, 2004 with respect to At December31, 2004, the projected benefit The revised classification amounts were federal subsidy for qualifying companies. whether an entity is a VIE, the Company has reviewed arrangements created after that date in which The Company has a Stockholder Rights Plan whereby outstanding shares of the Companys common Options typically are million and $12.7million for 2004, 2003 and 2002, respectively. we expect to recover or settle the temporary differences. to repairs and services performed by its Retail Business. The Companys effective tax rate was 35.5% in 2003 compared to 37.2% in 2002, due principally Some of these proceedings amended, requires the recognition of all derivative instruments on the balance sheet at fair value. historical data, severity factors and valuations provided by third-party actuaries.