Through December 31, 2016, the Purchase Plan allowed employees through payroll withholding to purchase shares of the Company’s common stock at a 15% discount from the average market price on the last day of a six-month investment period. Under ASC Topic 718, Compensation—Stock Compensation (ASC 718), the Company was required to record compensation expense related to the 15% discount. The 15% discount resulted in compensation expense of $173,000 in 2016. For purchase periods beginning after January 1, 2017, the purchase price is 100% of the market price at the end of each six-month purchase period.
Roughly 80.2% of Insteel Industries Inc. shares are owned by institutional investors while 20.4% of Ternium S.A. are owned by institutional investors. 4.2% are Insteel Industries Inc.’s share owned by insiders. On the other hand, insiders owned about 0.1% of Ternium S.A.’s shares.
Income tax amounted to (€3) million compared to a gain of €76 million in Q4 2017, which resulted from the recognition of deferred tax assets notably in Brazil.
If the LSA terminates prior to the expiration of its term or the production period terminates prior to December 31, 2040 and the Coyote Station owners purchase all of the outstanding membership interests of CCMC as required by the LSA, the owners will satisfy, or (if permitted by CCMC’s applicable lender) assume, all of CCMC’s obligations owed to CCMC’s lenders under its loans and leases. The Coyote Station owners have limited rights to assign their rights and obligations under the LSA without the consent of CCMC’s lenders during any period in which CCMC’s obligations to its lenders remain outstanding. In the event the contract is terminated because regulations or legislation render the burning of coal cost prohibitive and the assets worthless, OTP’s maximum exposure to loss as a result of its involvement with CCMC as of December 31, 2018 could be as high as $53.9 million, OTP’s 35% share of unrecovered costs.
BrazilIndustry market should benefit from the Brazilian economy recovery, particularly in Automotive, Outlook for the mine is positive, and an extension of its capacity is under study.
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The growth in the construction industry will have a favorable impact on the growth of the industrial tubes market. The global construction output is expected to grow by 85% to reach USD 15.5 trillion by 2030. China, the US, and India, three major countries, are expected to contribute more than 50% to the overall growth of the construction industry due to the economic growth in these economies. This overall growth in the end-use industries is expected to drive the industrial tubes market.
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China Precision Steel, Inc., a steel processing company, manufactures and sells cold-rolled precision steel products. It produces and sells precision cold-rolled steel products ranging from 7.5 mm to 0.03 mm. The company’s steel products comprise cold-rolled and hard-rolled low carbon steel products for steel roofing, food packaging, dry batteries, electronic devices, and kitchen tools; cold-rolled and hard-rolled high carbon steel products for automobile parts and components, grinding pieces, saw blades, and weaving needles; and tailor made cold rolled steel products. It also provides heat treatment, and cutting and slitting services for medium and high-carbon hot-rolled steel strips not exceeding 7.5 mm thickness. The company sells its products to component manufacturers and directly to the end-users in the People’s Republic of China, Indonesia, Thailand, the Caribbean, Nigeria, Ethiopia, and Turkey. China Precision Steel, Inc. is headquartered in Sheung Wan, Hong Kong.
"They knew the city’s secrets," he says. "They knew the subterranean rivers and the abandoned subway stations and all of these places that the people on the surface never think about."
The territory served by OTP is predominantly agricultural. The aggregate population of OTP’s retail electric service area is approximately 230,000. In this service area of 422 communities and adjacent rural areas and farms, approximately 126,000 people live in communities having a population of more than 1,000, according to the 2010 census. The only communities served which have a population in excess of 10,000 are Jamestown, North Dakota (15,427); Bemidji, Minnesota (13,431); and Fergus Falls, Minnesota (13,138). As of December 31, 2018, OTP served 132,448 customers. Although there are relatively few large customers, sales to commercial and industrial customers are significant. One customer accounted for 11% of 2018 Electric segment revenue.
BLS for Healthcare Provider Course (HLTH 5300/19S & CRN #70239) will be held Saturday, March 16, from 8 a.m.-2 p.m. in Room 105 of the Arlo Wirth Building on the Norfolk campus.
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