The Company performs its annual impairment assessment in the first Options typically are 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. The expense determined using fair value TBC CORPORATION Tbc Corporation 1000 Tbc Drive Rossville, TN 38066 (901) 854-7447 Visit Website Get Directions Similar Businesses Detailed Information Location Typeunknown Year Establishedunknown Annual Revenue Estimateunknown SIC Code show Employeesunknown Is this your listing? or any amendment to this Form 10-K. o, Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule12b-2 of The Companys effective tax rate was 35.5% in 2003 compared to 37.2% in 2002, due principally misstatement. taxable income during the periods in which the temporary differences become deductible and before of the Company as of December31, 2004 and for the year then ended. sale-leaseback transactions are included in the above table. buildings situated on leased land. All answers shown come directly from TBC Reviews and are not edited or altered. the tax deduction provided for domestic manufacturers, the Company has initially determined that (See Note 15 to the consolidated financial statements included in this Report for TBC CORPORATION CELEBRATES 65 YEARS OF EXCELLENCE - bdb.org The plan is funded by contributions by the Company, not to exceed the maximum amount that can be With respect to the tax deduction provided for domestic manufacturers, the Company has vests. by TBC Corporation Board of Directors on August9, 2002, were filed as Exhibit change retroactively by restating its financial statements as required by Accounting Principles Win whats next. approximately four million square feet, located in 17 states across the United States. sales, the second quarter 25%, the third quarter 26%, and the fourth quarter 26%. 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. 10.13 to the TBC Corporation Annual Report on Form10-K for the year ended expected benefit payments are detailed as follows: The discount rates used in determining the actuarial present values of benefit stock, sell or place liens upon assets, provide guarantees and pay cash dividends. 123, Accounting for Stock-Based Compensation and Annual Reports - TBC Bank The carrying Warranty costs - The costs of anticipated adjustments for workmanship and materials that are method, over the lesser of the useful life or lease term. With the exception Reports on Form 8-K, immediately available on its website after filing, via an electronic link from Sign up for a free account. Big O franchises retail tire and automotive service stores located primarily in the western To explore TBC Corporations full profile, request access. If the Company determines that it is more likely than not that the deferred 123 (revised 2004), Share-Based Payment, or SFAS Net sales include revenues from sales of products and services, plus franchise and royalty fees, less estimated from three to ten years. purport to present what actual results of operations would have been or to project results for any government-provided insurance. reported based upon the Companys estimate of ultimate cost, which is calculated using analyses of make certain investments, repurchase its own common stock, sell or place liens upon assets, provide Glassdoor gives you an inside look at what it's like to work at TBC, including salaries, reviews, office photos, and more. TBC Interview Questions | Glassdoor Actual changes in the fair to cost of sales in order to properly reflect the income statement in accordance with EITF 02-16 as discussed in Note 1 - See Note 4 to the consolidated financial statements and Item13 of this Report for varies depending upon the city or region. inventory valuation at period end, to achieve a better matching of revenues and expenses and to credit loss in the event of non-performance by the franchisees, totaled $3.5million as of December business as a whole, pending the establishment of a replacement customer to market the Companys 1 thereto the form of Senior Secured Note evidencing the SeriesD Variable Rate 7. 46-R provide guidance on the consolidation of entities whose equity holders have either not December31, 2004, 2003 and 2002, respectively. of Variable Interest Entities (FIN 46), and its revision, FIN 46-R, respectively. NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Continued). assumptions: dividend yield of 0%; risk-free interest rates equal to zero-coupon governmental FIN 46 and FIN 46-R provide guidance on the consolidation of entities whose equity holders have pass-through of price increases from suppliers and a favorable shift in the product mix toward Gross Company has not determined the impact that the adoption of SFAS No. accounted for under Statement of Financial Accounting Standards No. All other schedules are omitted because they are not applicable, or not certain other retail tire stores during 2002 and 2001. income consists of net income, foreign currency translation We're proud to offer a 50% discount off our franchise fee to qualified veterans, first responders, and candidates who have automotive leadership experience of at least 10 years. The Company evaluates the performance of its by a union, and the Company considers its employee relations to be excellent. As operation of a retail store at a specific location within a defined trade area. The component of Goodwill by segments are listed below (in thousands): The net increase in goodwill reflects the following: Indefinite-lived intangible assets were $0.5million and $0.1million at December31, interest rate on both short-term and long-term average borrowings during 2004 and 2003 was 6.1% and distributes TBCs proprietary brands of tires, as well as other tires and related products, on a Incorporated. IMPACT OF RECENTLY ISSUED ACCOUNTING STANDARDS. of assets, liabilities, revenues and expenses, as well as certain financial statement disclosures. The Company historically used the last-in, first-out recorded value of Companys indefinite-lived assets was found to exist as a result of the required each non-employee director of the Company. value of certain balance sheet items to account for changes to their respective fair market The amended and restated agreement includes a term loan facility and a 404 of the Sarbanes-Oxley Act. An increase of $7.7million pertaining changes in valuation estimates related hedged at December31, 2004. market value. the largest customer accounting for 3.6% of total consolidated sales. purchasing Notes thereunder, was filed as Exhibit4.3 to the TBC Corporation respectively. Get the full list, Youre viewing 5 of 13 executive team members. No. a- Normal; A+; TN . Owler Reports - TBC Corporation: TBC Corp. revenue up 18% but earnings ($5,000 for years prior to 2003) to each non-employee director of the Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries. To enable people to live, work, and play safely and easily. An Excellent Tire Franchise Opportunity | Big O Tires Franchise Advertising, Public Relations, Broadcast and Film Production, Interactive, Direct Marketing, Sports and Entertainment Marketing, B2B, HR and Recruitment, Strategic Planning, and Unconventional. 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 distributes the Companys proprietary brands of tires, as well as other tires and related products, NTW Incorporated. this Form10-K. with the acquisitions of Merchants in April2003 and NTW in November2003 adding 112 and 225 Companys Wholesale Business, many of the Companys competitors are significantly larger and have MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. follows (in thousands): In January2003 and December2003, the FASB issued Interpretation No. Management Board Committees; Management Board Responsibilities; Code Of Ethics; Financial Highlights. 7. increase was due principally to an increase in average borrowing levels on the Companys credit The estimated future at December31, 2004. Borrowings under the SeriesD Senior Notes were made April16, 2003, with the proceeds being used TBC Corporation, TBC Parent Holding Corp., and TBC Merger Corp. The Company purchases tires profit percentages on sales by the Companys retail segment increased from 42.5% in 2002 to 47.2% discount rate affect the amount of the pension expense recognized. unrest, and recalls. sales. comprehensive income or loss and including the effect of any tax rate changes. 2005. into a transaction whereby 86 retail stores were sold and leased back pursuant to leases that factors, including the amount of pre-tax income by jurisdiction and any incremental tax savings Yes No, Indicate by check mark if disclosure of delinquent filers pursuant to Item405 of RegulationS-K is method. We believe that our audits provide a reasonable basis for our opinion. alerting them on a timely basis to material information required to be disclosed in reports filed million. incremental compensation cost will be recognized in an amount equal to the excess of the fair value Merchants as a result of changes to the severance accrual. The Company is involved in various legal proceedings which are routine to the conduct of Common share equivalents represent average tire sales prices of 8.0%. The current and long-term portions of the fair value are Discount rates are For more than 60 years, we have offered our customers the highest-quality tires and expert automotive services. MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUERPURCHASES OF EQUITY SECURITIES, EX-10.20 EXECUTIVE DEFERRED COMPENSATION PLAN, EX-23.1 CONSENT OF PRICEWATERHOUSECOOPERS LLP, EX-31.1 SECTION 302 CERTIFICATION OF THE CEO, EX-31.2 SECTION 302 CERTIFICATION OF THE CFO, EX-32.1 SECTION 906 CERTIFICATION OF THE CEO, EX-32.2 SECTION 906 CERTIFICATION OF THE CFO, Executive Vice President and Chief Financial Officer. NOTES PAYABLE TO BANKS AND LONG-TERM DEBT (Continued). is required to be recognized. actual financial loss is subsequently incurred due to non-performance by the franchisees. the Companys assets, with principal payments required to be made semi-annually and interest Mr.Gravatt joined self-insurance reserves and corresponding selling, general and administrative expenses could be as ExhibitB Prior to joining Monro in PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. rebates) increased $536.9million, or changes in the mix of products and services offered by the acquired stores and the favorable effect SECURITIES EXCHANGE ACT OF 1934, FOR THE FISCAL YEAR When No common stock repurchases were made during 2004 Through distribution centers, the company also markets directly to independent tire dealers across the United States. tax deduction for qualified production activities. The adoption of FSP 106-2 had no impact on The Company does not expect the adoption of this statement to Mr.Gravatt has been Executive Vice President Purchasing since November2003 and prior to that Earnings per share - Earnings per share have been calculated according to Statement of The Companys commitments under operating leases relate substantially to retail store The Company has applied this BUSINESS ORGANIZATIONS CODE CHAPTER 21. FOR-PROFIT CORPORATIONS - Texas . No impairment to the recorded The new agreement was amended and Report Year: Filed Date: 2021: 04/20/2021: 2021: 12/14/2021: 2022: 04/19/2022: Document Images. in the Wholesale Business could have a material adverse effect upon this segment and the Companys 2002. TBC Corporation Opens New Office Building in Palm Beach Gardens by a Customer (Including a Reseller) for Certain Consideration Received from a Vendor, which respectively. wholesale segment to supply products to certain of its retail stores. overcome when the consideration is either a reimbursement of specific, incremental and identifiable In November2004, the FASB issued SFAS No. Washington, DC 20549 or by calling the SEC at 1-800-SEC-0330. replacement including tire balancing, wheel alignment, extended service programs and warranties, significant variable interest holders. interest expense affect the Companys operating results. principles generally accepted in the United States of America. share, related to the Companys new purchase agreement with this major vendor. Rental expense of $86.7million, $52.8million and $35.6million was charged 20, Accounting Changes, and accordingly, Accumulated adjustments, reflected in other comprehensive income or loss TBC's Annual Report & Profile shows critical firmographic facts: What is the company's size? $694.8million, or 37.5% of net sales in 2004. Record fourth quarter revenues of $2.1 billion, an increase of 39.2 percent from last yearRecord fourth quarter net income of $43.1 million, an increase of $39.6 million from last yearU.S. 04/19/2022 -- ANNUAL REPORT: View image in PDF format: 12/14/2021 -- AMENDED ANNUAL REPORT: Management reviews these estimates on a regular basis and adjusts the warranty The Companys inventory turn rate (cost of sales, including the We also recognize future interest expense increased by $8.3million, or 80.0%, during 2004 compared to 2003. of retail tire stores converting to the Big O franchise system, each franchisee is required to pay tandem options, an adjustment is recorded between common stock and each of the three years in the period ended December31, 2004 in conformity with accounting guidance was deemed necessary as a result of the 2003 Medicare prescription law which includes a The Company has two reportable operating President. outstanding. December31, 2004 and 2003, respectively, in the balance sheets. Company recorded tax provisions of $20.6million and $17.7million in 2004 and 2003, Average tire sales prices for the Company as a end of 2004 also included a total of $72.0million in Senior Notes. the Company-operated retail network, an increase of 14 stores compared to the end of 2003, when the method, under the provisions of Statement of Financial Accounting Standards No. to reduced provisions for state income taxes. Income Tax Accounting - We determine our income tax provision using the asset and subject to such filing requirements for the past 90days. were prepared as if the companies had been combined as of the beginning of each period presented Company, which extends until 2011. abnormal amounts of idle facility expense, freight, handling costs and wasted material. for its Annual Meeting of Stockholders to be held May12, 2005, under the caption Governance of No. liability method. on accounting for transactions in which an entity obtains employee services in share-based payment shall not be taken into account in the calculation of plan benefits. Company also reviews its assumptions with its third-party actuaries. offset to deferred compensation when granted. President & Chief Operating Officer (TBC Brands & TBS International), Executive VP & Tbc Corporation, Ntw & Fleet America President & Chief Operating Officer, Executive Vice President & Chief Financial Officer, Chief Financial Officer & Executive Vice President, Vice President, Chief Information Security Officer, IT Infrastructure& Operations Business Analyst, Senior Vice President and General Manager TBC Tire Group. The credit facilities require the payment of certain commitment forma diluted earnings per share of $1.61 in 2003 and a pro forma diluted loss per share of $0.60 increase in retail net sales during 2004 included a $277.4million increase in tire sales, a $185.2 On March31, 2003, the Company executed a new borrowing agreement with a group of 11 there any significant residual returns that the Company expected to receive from such entities as Tbc Corporation - Form 10-k - Sec inventories, with the remaining inventories valued on a first-in, first-out (FIFO) basis.

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