| Industries |
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| Health Care Distribution and Services |
| Health Care Facilities |
| Health Care Supplies |
| Health Care |
| Health Care Equipment and Services |
| Managed Health Care |
| Independent Power Producers and Energy Traders |
| Exposures |
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| Military |
| Regime |
| Cooperate |
| Political reform |
| Express intent |
| Material Aid |
| Rights |
| Judicial |
| Event Codes |
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| Accident |
| Solicit support |
| Sports contest |
| Warn |
| Agree |
| Force |
| Yield |
| Yield to order |
| Grant |
| Riot |
| Reward |
| Acknowledge responsibility |
| Promise |
| Demand |
| Wiki | Wiki Summary |
|---|---|
| Arithmetic | Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today. |
| Operation Mincemeat | Operation Mincemeat was a successful British deception operation of the Second World War to disguise the 1943 Allied invasion of Sicily. Two members of British intelligence obtained the body of Glyndwr Michael, a tramp who died from eating rat poison, dressed him as an officer of the Royal Marines and placed personal items on him identifying him as the fictitious Captain (Acting Major) William Martin. |
| Special Activities Center | The Special Activities Center (SAC) is a division of the Central Intelligence Agency responsible for covert operations and paramilitary operations. The unit was named Special Activities Division (SAD) prior to 2015. |
| Operations management | Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements. |
| Emergency operations center | An emergency operations center (EOC) is a central command and control facility responsible for carrying out the principles of emergency preparedness and emergency management, or disaster management functions at a strategic level during an emergency, and ensuring the continuity of operation of a company, political subdivision or other organization.\nAn EOC is responsible for strategic direction and operational decisions and does not normally directly control field assets, instead leaving tactical decisions to lower commands. |
| Operations research | Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences. |
| Surgery | Surgery is a medical or dental specialty that uses operative manual and instrumental techniques on a person to investigate or treat a pathological condition such as a disease or injury, to help improve bodily function, appearance, or to repair unwanted ruptured areas.\nThe act of performing surgery may be called a surgical procedure, operation, or simply "surgery". |
| Special operations | Special operations (S.O.) are military activities conducted, according to NATO, by "specially designated, organized, selected, trained, and equipped forces using unconventional techniques and modes of employment". Special operations may include reconnaissance, unconventional warfare, and counter-terrorism actions, and are typically conducted by small groups of highly-trained personnel, emphasizing sufficiency, stealth, speed, and tactical coordination, commonly known as "special forces". |
| Financial condition report | In accounting, a financial condition report (FCR) is a report on the solvency condition of an insurance company that takes into account both the current financial status, as reflected in the balance sheet, and an assessment of the ability of the company to survive future risk scenarios. Risk assessment in an FCR involves dynamic solvency testing, a type of dynamic financial analysis that simulates management response to risk scenarios, to test whether a company could remain solvent in the face of deteriorating economic conditions or major disasters. |
| Balance sheet | In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. |
| Financial statement | Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.\nRelevant financial information is presented in a structured manner and in a form which is easy to understand. |
| Financial ratio | A financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization. |
| Trustmark (bank) | Trustmark is a commercial bank and financial services company headquartered in Jackson, Mississippi, United States, with subsidiaries Trustmark National Bank, Trustmark Investment Advisors, and Fisher Brown Bottrell Insurance. The bank's initial predecessor, The Jackson Bank, was chartered by the State of Mississippi in 1889. |
| Form 10-K | A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC), that gives a comprehensive summary of a company's financial performance. Although similarly named, the annual report on Form 10-K is distinct from the often glossy "annual report to shareholders," which a company must send to its shareholders when it holds an annual meeting to elect directors (though some companies combine the annual report and the 10-K into one document). |
| Federal takeover of Fannie Mae and Freddie Mac | In September 2008 the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subprime mortgage crisis. |
| Profit (economics) | An economic profit is the difference between the revenue a commercial entity has received from its outputs and the opportunity costs of its inputs. It equals to total revenue minus total cost, including both explicit and implicit costs. |
| Profitability analysis | In cost accounting, profitability analysis is an analysis of the profitability of an organisation's output. Output of an organisation can be grouped into products, customers, locations, channels and/or transactions. |
| Customer Profitability Analysis | Customer Profitability Analysis (in short CPA) is a management accounting and a credit underwriting method, allowing businesses and lenders to determine the profitability of each customer or segments of customers, by attributing profits and costs to each customer separately. CPA can be applied at the individual customer level (more time consuming, but providing a better understanding of business situation) or at the level of customer aggregates / groups (e.g. |
| Customer profitability | Customer profitability (CP) is the profit the firm makes from serving a customer or customer group over a specified period of time, specifically the difference between the revenues earned from and the costs associated with the customer relationship in a specified period. According to Philip Kotler,"a profitable customer is a person, household or a company that overtime, yields a revenue stream that exceeds by an acceptable amount the company's cost stream of attracting, selling and servicing the customer."\nCalculating customer profit is an important step in understanding which customer relationships are better than others. |
| Profitable growth | Profitable Growth is the combination of profitability and growth, more precisely the combination of Economic Profitability and Growth of Free cash flows. Profitable growth is aimed at seducing the financial community; it emerged in the early 80s when shareholder value creation became firms’ main objective. |
| Small Is Profitable | Small Is Profitable: The Hidden Economic Benefits of Making Electrical Resources the Right Size is a 2002 book by energy analyst Amory Lovins and others. The book describes 207 ways in which the size of "electrical resources"—devices that make, save, or store electricity—affects their economic value. |
| SAP ERP | SAP ERP is an enterprise resource planning software developed by the German company SAP SE. SAP ERP incorporates the key business functions of an organization. The latest version of SAP ERP (V.6.0) was made available in 2006. |
| Porter's five forces analysis | Porter's Five Forces Framework is a method of analysing the operating environment of a competition of a business. It draws from industrial organization (IO) economics to derive five forces that determine the competitive intensity and, therefore, the attractiveness (or lack thereof) of an industry in terms of its profitability. |
| Return on equity | The return on equity (ROE) is a measure of the profitability of a business in relation to the equity. Because shareholder's equity can be calculated by taking all assets and subtracting all liabilities, ROE can also be thought of as a return on assets minus liabilities. |
| Contribution margin | Contribution margin (CM), or dollar contribution per unit, is the selling price per unit minus the variable cost per unit. "Contribution" represents the portion of sales revenue that is not consumed by variable costs and so contributes to the coverage of fixed costs. |
| Berkshire Hathaway | Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. |
| Equity (finance) | In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. |
| Shareholder | A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. |
| Activist shareholder | An activist shareholder is a shareholder who uses an equity stake in a corporation to put pressure on its management. A fairly small stake (less than 10% of outstanding shares) may be enough to launch a successful campaign. |
| Board of directors | A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. \nThe powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. |
| Directors' Fortnight | The Directors' Fortnight (French: Quinzaine des Réalisateurs) is an independent selection of the Cannes Film Festival. It was started in 1969 by the French Directors Guild after the events of May 1968 resulted in cancellation of the Cannes festival as an act of solidarity with striking workers.The Directors' Fortnight showcases a programme of shorts and feature films and documentaries worldwide. |
| Creative director | A creative director (or creative supervisor) is a person that makes high-level creative decisions, and with those decisions oversees the creation of creative assets such as advertisements, products, events, or logos. Creative director positions are often found within the television production, graphic design, film, music, video game, fashion, advertising, media, or entertainment industries, but may be useful in other creative organizations such as web development and software development firms as well. |
| Chief executive officer | A chief executive officer (CEO), chief administrator officer (CAO), central executive officer (CEO), or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization – especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). |
| Film director | A film director controls a film's artistic and dramatic aspects and visualizes the screenplay (or script) while guiding the film crew and actors in the fulfilment of that vision. The director has a key role in choosing the cast members, production design and all the creative aspects of filmmaking.The film director gives direction to the cast and crew and creates an overall vision through which a film eventually becomes realized or noticed. |
| Executive director | An executive director is a member of a board of directors for an organisation, but the meaning of the term varies between countries.\n\n\n== United States ==\nIn the US, an executive director is a chief executive officer (CEO) or managing director of an organization, company, or corporation. |
| Directors Label | Directors Label is a series of DVDs devoted to notable music video directors.\nFirst released in 2003 by Palm Pictures, the series was created by Spike Jonze, Chris Cunningham, and Michel Gondry, the subjects of the first three volumes. |
| Nelson (director) | Nelson Dilipkumar, credited in films as Nelson, is an Indian director and screenwriter who predominantly works in Tamil cinema. His films are known for featuring elements of Dark Humour. |
| Risk Factors |
|---|
| FLOWERS FOODS INC Item 1A Risk Factors You should carefully consider the risks described below, together with all of the other information included in this report, in considering our business and prospects |
| The risks and uncertainties described below 9 _________________________________________________________________ [65]Table of Contents are not the only ones facing us |
| Additional risks and uncertainties not presently known to us or that we currently deem insignificant may also impair our business operations |
| The occurrence of any of the following risks could harm our business, financial condition or results of operations |
| Competition could adversely impact revenues and profitability |
| The United States bakery industry is highly competitive |
| Competition is based on product availability, product quality, price, effective promotions and the ability to target changing consumer preferences |
| We experience price pressure from time to time as a result of our competitors’ promotional efforts |
| Increased competition could result in reduced sales, margins, profits and market share |
| Our ability to execute our business strategy could affect our business |
| We employ various strategies to be one of the nation’s leading producers and marketers of bakery products available to customers through multiple channels of distribution |
| If we are unsuccessful in implementing or executing one or more of these strategies, our business could be adversely affected |
| We rely on a few large customers for a significant portion of our sales and the loss of one of our large customers could adversely affect our financial condition and results of operations |
| We have several large customers that account for a significant portion of our sales |
| Our top ten customers accounted for 40dtta6prca of our sales during fiscal 2005 |
| Our largest customer, Wal-Mart/ Sam’s Club, accounted for 17dtta3prca of our sales during this period |
| The loss of one of our large customers could adversely affect our results of operations |
| These customers do not typically enter into long-term contracts and make purchase decisions based on a combination of price, product quality, consumer demand and customer service performance |
| They may in the future use more of their shelf space, including space currently used for our products, for private label products |
| If our sales to one or more of these customers are reduced, this reduction may adversely affect our business |
| On February 21, 2005, Winn-Dixie Stores, Inc, our second largest customer during fiscal 2005, representing 3dtta9prca of our sales, filed voluntary petitions for reorganization under chapter 11 of the United States Bankruptcy Code |
| The company is continuing to serve this customer, and thus far the reorganization has not had a material effect on our results of operations, financial condition or cash flows |
| Consolidation in the retail and foodservice industries could affect our sales and profitability |
| As the consolidation trend among our customers continues and our customers, including mass merchandisers, grow larger and become more sophisticated, they may demand lower pricing, increased promotional programs or special packaging from product suppliers |
| Meeting these demands may adversely affect our margins |
| If we are not selected by our customers for most of our products or if we fail to effectively respond to their demands, our sales and profitability could be adversely affected |
| Our large customers may impose requirements on us that may adversely affect our results of operations |
| From time to time, our large customers, including Wal-Mart/Sam’s Club, may re-evaluate or refine their business practices and impose new or revised requirements upon their suppliers, including us |
| These business demands may relate to inventory practices, logistics or other aspects of the customer-supplier relationship |
| Compliance with requirements imposed by significant customers may be costly and may have an adverse effect on our results of operations |
| However, if we fail to meet a significant customer’s demands, we could lose that customer’s business, which could adversely affect our results of operations |
| Increases in costs and/or shortages of raw materials, fuels and utilities could cause costs to increase |
| Commodities, such as flour, sugar, cocoa and eggs, which are used in our bakery products, are subject to price fluctuations |
| Any substantial increase in the prices of raw materials may have an adverse impact on our profitability |
| In addition, we are dependent upon natural gas and propane for firing ovens |
| The independent distributors and third party shipping companies we use are dependent upon gasoline and diesel as fuel for 10 _________________________________________________________________ [66]Table of Contents distribution vehicles |
| Substantial future increases in prices for, or shortages of, these fuels could have a material adverse effect on our operations and financial results |
| Employee relations and increases in employee and employee-related costs could have adverse effects on our profitability |
| Pension, health care and workers’ compensation costs have been increasing and will likely continue to increase |
| Any substantial increase in pension, health care or workers’ compensation costs may have an adverse impact on our profitability |
| The company records pension costs and the liabilities related to its benefit plans based on actuarial valuations, which include key assumptions determined by management |
| Material changes in pension costs may occur in the future due to changes in these assumptions |
| Future annual amounts could be impacted by various factors, such as changes in the number of plan participants, changes in the discount rate, changes in the expected long-term rate of return, changes in the level of contributions to the plan and other factors |
| There have been no new participants in the company’s defined benefit plan since December 31, 1998 |
| During the third quarter of fiscal 2005, the company announced the curtailment of one of its defined benefit pension plans effective January 1, 2006, the beginning of the company’s fiscal year 2006 |
| We have risks related to our pension plans, which could impact the company’s liquidity |
| The company has trusteed, noncontributory defined pension plans covering certain employees maintained under the US Employee Retirement Income Security Act of 1974 (“ERISA”) |
| The funding obligations for our pension plans are impacted by the performance of the financial markets, including the performance of our common stock, which comprises approximately 13dtta2prca of the assets (as of December 31, 2005) of our pension plans |
| If the financial markets do not provide the long-term returns that are expected, the likelihood of our being required to make contributions will increase |
| The equity markets can be, and recently have been, very volatile, and therefore our estimate of future contribution requirements can change dramatically in relatively short periods of time |
| Similarly, changes in interest rates can impact our contribution requirements |
| In a low-interest-rate environment, the likelihood of required contributions in the future increases |
| A disruption in the operation of our direct store distribution system could negatively affect our results of operations and financial condition |
| We believe that our DSD distribution system is a significant competitive advantage for us |
| A material negative change in our relations with the independent distributors, an adverse ruling by regulatory or governmental bodies regarding our independent distributorship program or an adverse judgment against the company for actions taken by the independent distributors could materially affect our results of operation and financial condition |
| Compensation costs associated with our stock appreciation rights plan could have adverse effects on our results of operations |
| The company has previously awarded stock appreciation rights to key employees throughout the company |
| Generally accepted accounting principles require the company to record compensation expense for these rights based on changes in the company’s stock price between the grant date and the balance sheet date that is presented |
| If the price of our common stock increases more than we project during the measurement period, the company may have to recognize greater than expected compensation expense, which could negatively affect our results of operations |
| We rely on the value of our brands, and the costs of maintaining and enhancing the awareness of our brands are increasing, which could have an adverse impact on our revenues and profitability |
| We intend to maintain our strong brand recognition by continuing to devote resources to advertising, marketing and other brand building efforts |
| If we 11 _________________________________________________________________ [67]Table of Contents are not able to successfully maintain our brand recognition, our revenues and profitability could be adversely affected |
| Inability to anticipate changes in consumer preferences may result in decreased demand for products, which could have an adverse impact on our future growth and operating results |
| Our success depends in part on our ability to respond to current market trends and to anticipate the tastes and dietary habits of consumers |
| Consumer preferences change, and our failure to anticipate, identify or react to these changes could result in reduced demand for our products, which could in turn cause our operating results to suffer |
| Future product recalls or safety concerns could adversely impact our results of operations |
| We may be required to recall certain of our products should they be mislabeled, contaminated or damaged |
| We also may become involved in lawsuits and legal proceedings if it is alleged that the consumption of any of our products causes injury, illness or death |
| A product recall or an adverse result in any such litigation could have a material adverse effect on our operating and financial results |
| We also could be adversely affected if consumers in our principal markets lose confidence in the safety and quality of our products |
| Government regulation could adversely impact our results of operations and financial condition |
| As a producer and marketer of food items, we are subject to regulation by various federal, state and local government entities and agencies with respect to production processes, product quality, packaging, labeling, storage and distribution |
| Failure to comply with, or violations of, the regulatory requirements of one or more of these agencies can result in a variety of sanctions, including monetary fines or compulsory withdrawal of products from store shelves |
| In addition, future regulation by these agencies, the military action in Iraq and the continuing threat of terrorist attacks, could increase our commodity and service costs and have material adverse effect on our results of operations and financial condition |
| Any business disruption due to political instability, armed hostilities, incidents of terrorism or natural disasters could adversely impact our financial performance |
| If terrorist activity, armed conflict, political instability or natural disasters occur in the US or other locations, such events may disrupt manufacturing, labor and other aspects of our business |
| In the event of such incidents, our business and financial performance could be adversely affected |
| Our articles of incorporation, bylaws, and shareholder rights plan and Georgia law may inhibit a change in control that you may favor |
| Our articles of incorporation and bylaws, shareholder rights plan and Georgia law contain provisions that may delay, deter or inhibit a future acquisition of us not approved by our board of directors |
| This could occur even if our shareholders are offered an attractive value for their shares or if a substantial number or even a majority of our shareholders believe the takeover is in their best interest |
| These provisions are intended to encourage any person interested in acquiring us to negotiate with and obtain the approval of our board of directors in connection with the transaction |
| Provisions that could delay, deter or inhibit a future acquisition include the following: • a classified board of directors; • the requirement that our shareholders may only remove directors for cause; • specified requirements for calling special meetings of shareholders; and • the ability of the board of directors to consider the interests of various constituencies, including our employees, clients and creditors and the local community |
| 12 _________________________________________________________________ [68]Table of Contents Our articles of incorporation also permit the board of directors to issue shares of preferred stock with such designations, powers, preferences and rights as it determines, without any further vote or action by our shareholders |
| In addition, we have in place a shareholders’ rights plan that will trigger a dilutive issuance of common stock upon substantial purchases of our common stock by a third party that are not approved by the board of directors |