text:
Mr. Jonathan Evans: My right hon. Friend the President of the Board of Trade will be advised on the proposed merger by the Director General of Fair Trading. In giving his advice the DGFT will take account of all relevant factors, as will the President in making his decision.
Euratom Treaty
Mr. Llew Smith: To ask the President of the Board of Trade which of the facilities operated by the United Kingdom Atomic Energy Authority have had sanctions imposed for infringement of article 88 of the Euratom treaty since 1988; what specific infringement occurred; and what has been done to rectify the situation.
Mr. Charles Wardle: Article 88 of the Euratom treaty provides that
"The Agency shall keep a special account in the name of the Community, called Special Fissile Materials Financial Account." It contains no provision for the imposition of any sanctions.
Nuclear Waste Shipments
Ms Walley: To ask the President of the Board of Trade when the first shipment of high level waste will take place from Sellafield via Barrow in Furness.
Mr. Charles Wardle: Arrangements for the return of such waste are, in the first instance, a matter for British Nuclear Fuels plc and its customers in line with the
contracts between them. I understand that no date has yet been set for the first commercial shipment.
AGRICULTURE, FISHERIES AND FOOD
EU Fisheries Policy
Mr. David Nicholson: To ask the Minister of Agriculture, Fisheries and Food at what date, and in what circumstances, qualified majority voting was agreed to by the United Kingdom Government for fisheries policy.
Mr. Jack: While the Community's market regime for fish and fish products has always been based on article 43 of the treaty, on United Kingdom accession regulation 2141/70 gave vessels of all member states, subject to certain limited derogations, the right to fish throughout all member states waters and was also based on article 235 which requires unanimity.
The UK accession treaty included a 10-year derogation from the provisions of regulation 2141/70. This enabled the UK to maintain a six-mile exclusive limit and impose certain restrictions in the six to 12 mile belt.
In 1976, regulation 2141/70 was replaced by regulation 101/76. This regulation's treaty base also included article 235. The regulation stated that in principle vessels of all member states should have equal access to the use of all fishing grounds within the fisheries limits of member states.
Later in 1976, the member states of the EC agreed to extend their fishery limits to 200 miles. The UK Government sought to extend the UK exclusive limit significantly, but a Council resolution, adopted in The Hague on 3 November 1976 about the creation of a 200 mile fishing zone in the Community, made no reference to this. The outcome of a European Court case in the early 1980s also suggested that, unless a decision to the contrary were taken, the principle of "free access to waters" came into force at the end of the period specified in the accession treaty.
This was the background to the negotiations on the CFP regulations which were formally adopted at the beginning of 1983. These regulations substantially reduced other member states' access to waters within the UK six to 12 mile belt, while continuing their total exclusion from the six mile belt, and also provided for the Shetland box. Regulation 170/83 was the principal regulation and was based on article 43.
Milk Quotas
Mr. Beggs: To ask the Minister of Agriculture, Fisheries and Food if he will list the three largest registered owners of milk quota in the United Kingdom, with (a) the quota held by each, (b) the amount of quota held which is leased, (c) the amount of agricultural land owned by each of these registered milk quota holders and (d) the amount of milk produced annually by each of the above.
Mr. Jack: No. An individual's entry in the Intervention Board's milk quota register, maintained under the Dairy Produce Quotas Regulations 1994, is confidential and is
disclosed only to that individual or to a person with a valid interest in his or her holding.
Mr. Gordon Prentice: To ask the Minister of Agriculture, Fisheries and Food what quantity of caviar
has been imported from (a) Russia and the Soviet Union before it and (b) elsewhere in each year since 1984.
Mr. Jack: Official figures on imports, by quantity, of caviar-- sturgeon roe--and caviar substitutes originating from Russia and the former Soviet Union and from elsewhere are given in the tables:
Imports of caviar (sturgeon roe) (tonnes)
|1984|1985|1986|1987|1988|1989|1990|1991|1992|1993
Russia/USSR |7.4 |3.4 |7.4 |18.7|19.4|16.5|8.7 |8.4 |10.3|5.3
Elsewhere   |25.5|38.4|11.9|10.6|25.2|24.8|25.7|14.4|22.0|27.5
Total       |32.9|41.8|19.3|29.4|44.6|41.3|34.4|22.8|32.3|32.8
Imports of caviar substitutes (tonnes)
|1984 |1985 |1986 |1987 |1988 |1989 |1990 |1991 |1992 |1993
Russia/USSR |0.1  |0.0  |0.0  |0.1  |0.3  |0.1  |0.0  |0.0  |0.0  |0.0
Elsewhere   |173.0|173.5|236.4|254.2|505.6|745.1|388.5|246.4|315.4|305.0
Total       |173.1|173.6|236.4|254.3|506.9|745.2|388.5|246.4|315.4|305.0
HM Customs & Excise (Country of Origin data).
British Association of Sheep Exporters
Mr. Morley: To ask the Minister of Agriculture, Fisheries and Food when he last met the chairman of the British Association of Sheep Exporters.
Mrs. Browning: My right hon. Friend and I have not met representatives of the British Association of Sheep Exporters nor have we been requested to meet them.
National Insurance Numbers
Mr. Cohen: To ask the Secretary of State for Northern Ireland for what purposes other than those connected with the tax and benefits systems the national insurance number may be used; what plans he has to make the number more widely available for those purposes; if legislation is necessary; and if he will make a statement.
Mr. Moss: I refer the hon. Member to the reply I gave him on 6 December 1994, Official Report, column 163 . The national insurance number can be used only for national insurance, tax and social security benefit purposes and there are no plans at present to introduce legislation to extend its use.
Health and Social Services Councils
Mr. John D. Taylor: To ask the Secretary of State for Northern Ireland how many (a) Roman Catholics and (b) Protestants are employed by each health and social services council.
Mr. Moss: There are no staff employed by health and social services councils. Staff employed by the health and social services boards service the councils.
Mr. McAllion: To ask the Secretary of State for Northern Ireland what proportion and number of
non-industrial civil servants in the departments and agencies for which he has responsibility are registered disabled and disabled as defined by the Cabinet Office document, "Focus on Ability".
Sir John Wheeler: At 1 January 1994 there were 1,073 non-industrial staff in the Northern Ireland civil service--4.2 per cent. of the non- industrial service--who self-reported a disability. Of these 413--1.6 per cent. of the non-industrial service--were, or had been registered as disabled. In addition 81 registered disabled people are working in the Northern Ireland civil service under the employment support programme.
Of the home civil service staff in the Northern Ireland Office one person is known to be registered disabled--0.45 per cent. of the work-force.
Mr. John D. Taylor: To ask the Secretary of State for Northern Ireland how many people are employed in the egg production industry; and what was the figure five years ago.
Mr. Ancram: A total of 522 people are estimated to have been working on specialist egg production farms in 1989 and 605 in 1994. In addition 422 people are estimated to have been working in packing, processing and marketing eggs in 1989 and 462 in 1992, the latest year for which an estimate is available.
Parliamentary Answers
Mr. Milburn: To ask the Secretary of State for Northern Ireland how many parliamentary answers on health issues have been refused on the grounds of disproportionate cost or information not being held centrally (a) as a total and (b) as a percentage of all health answers in each of the last five years.
Mr. Moss: The information is as follows:
|PQs as a
|Number of PQs    |percentage of all
|unable to be     |Health Answers
Year              |answered (a)     |(b)
1990<1>           |8                |4
1991<1>           |11               |4
1993              |15               |4
<1> Due to implementation of computer system the percentage of PQs
prior to 1993 are approximate.
FOREIGN AND COMMONWEALTH AFFAIRS
19. Mr. Brazier: To ask the Secretary of State for Foreign and Commonwealth Affairs what measures he is taking to build relations with the new United States Congress.
Mr. Hurd: I visited Washington last month, partly to meet the new congressional leaders. Ministers visiting Washington invariably see Members of Congress and I have no doubt that our excellent relations with the US Congress will continue.
20. Mr. Watson: To ask the Secretary of State for Foreign and Commonwealth Affairs what discussions he has had with the Minister of Agriculture, Fisheries and Food relating to the re-negotiation of the EU- Morocco fisheries agreement.
Mr. Douglas Hogg: The Foreign and Commonwealth Office and the Ministry of Agriculture, Fisheries and Food have been in close contact on this subject, and will continue to liaise as negotiations with Morocco develop.
21. Mr. Nicholas Winterton: To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on relations with Argentina and the future sovereignty of the Falkland Islands.
Mr. Hurd: Co-operation between Britain and Argentina has developed well since 1990. Our exports in the first 10 months of 1994 rose 35 per cent.
My hon. Friend, the Minister of State for Foreign and Commonwealth Affairs, visited the Falkland Islands last weekend. He reassured the islanders that we will continue to uphold their right to self-determination and are not prepared to discuss sovereignty with Argentina.
We have co-operated with Argentina over fisheries conservation since 1990 and we are now examining the prospects for co-operation over oil.
22. Mr. Key: To ask the Secretary of State for Foreign and Commonwealth Affairs when he next intends to visit
the People's Republic of China to discuss Anglo-Chinese relations.
Mr. Goodlad: I have no plans to visit China at present.
23. Mr. Dalyell: To ask the Secretary of State for Foreign and Commonwealth Affairs what representations he has had about hunger and health problems in the valleys of the Tigris and Euphrates as a result of the implementation of United Nation sanctions against Iraq; and if he will make a statement.
Mr. Douglas Hogg: The Iraqi regime, not the United Nations, is responsible for the suffering in Iraq. Food and medicines are exempt from UN sanctions. Iraq has twice rejected UN schemes to provide much-needed humanitarian aid in return for limited sales of oil. The Iraqi regime's continued refusal of these offers and its exploitation of human suffering show its callous disregard for its own people.
Overseas Missions
24. Mr. Ian Bruce: To ask the Secretary of State for Foreign and Commonwealth Affairs what is the proportion of the budget for United Kingdom overseas missions currently devoted to promoting trade and commercial relations; and what was the position in 1979.
Mr. Goodlad: Commercial work, including export promotion and inward investment, is the FCO's largest single activity overseas, accounting for 23 per cent. of the cost of running overseas missions or 30 per cent. of frontline staff. This is broadly the same level as in 1989, the first year in which comparable data were available. With the help of efficiency savings, including a programme to reduce staff and costs in support areas, the FCO is planning to create over 100 additional commercial staff slots in posts overseas during 1995, an increase of over 9 per cent. in frontline commercial staff.
25. Mr. Tipping: To ask the Secretary of State for Foreign and Commonwealth Affairs what progress is being made towards opening an embassy in Armenia.
Mr. Douglas Hogg: The possibility of opening an embassy in Yerevan is currently being carefully considered as part of the regular review of our representation in the states of the former Soviet Union.
26. Mr. Spellar: To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on the peace process in the middle east.
Mr. Douglas Hogg: We welcome the substantial progress that has been made, but we are concerned at the strains on the peace process resulting from a number of recent development, especially the dreadful bombing near Tel Aviv. We will continue to lend our full support to the peacemakers to ensure that those who oppose them do not succeed.
27. Mr. Canavan: To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement about the United Kingdom rejoining UNESCO.
Mr. Douglas Hogg: We are continuing to keep this issue under review, but have not yet reached a decision.
Departmental Staff
28. Mr. Sheerman: To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement about the academic background of graduates entering his Department.
Mr. Goodlad: Graduates entering the fast and main streams of the diplomatic service and the Overseas Development Administration come from a wide variety of academic backgrounds.
29. Mr. Raynsford: To ask the Secretary of State for Foreign and Commonwealth Affairs when he next expects to meet the President of the European Commission to discuss the future of the European Union.
Mr. Goodlad: My right hon. Friend the Foreign Secretary meets Mr. Santer as a matter of course at Foreign Affairs Councils. The next Foreign Affairs Council is on 6 and 7 February.
30. Mr. Dowd: To ask the Secretary of State for Foreign and Commonwealth Affairs how many attacks by pirates on British shipping off the coast of Brazil have been recorded since 1987.
Mr. Goodlad: Our records show six attacks since 1987: three attacks on British-flagged ships, one attack on a Hong Kong-flagged, British- managed ship and two attacks on ships with a British interest, but flagged in other countries.
31. Mr. Jon Owen Jones: To ask the Secretary of State for Foreign and Commonwealth Affairs what plans he has to assist the Organisation for Security and Co-operation in Europe to establish a mission in Chechnya.
Mr. Douglas Hogg: We welcome the Russian decision to agree to an Organisation of Security and Co-operation in Europe fact-finding mission to Moscow and Chechnya on 24 to 27 January which explored the possibilities for greater OSCE involvement. A United Kingdom official, the director of the OSCE office for democratic institutions and human rights, was a member of the team.
Mr. Jessel: To ask the Secretary of State for Foreign and Commonwealth Affairs when he next expects to meet representatives of (a) the Red Cross and (b) Amnesty International to discuss human rights overseas.
Mr. Douglas Hogg: My right hon. Friend the Foreign Secretary met the president of the International Committee of the Red Cross in October last year and I hope to meet him in Geneva in the margins of my visit to the UN Commission on Human Rights in February. I have no immediate plans to meet representatives from Amnesty International. My right hon. Friend the Minister of State for Foreign and Commonwealth Affairs met Amnesty
representatives in November. FCO officials are in regular contact with Amnesty International.
UN Peacekeeping
33. Mr. Grocott: To ask the Secretary of State for Foreign and Commonwealth Affairs what plans he has to meet the Secretary-General of the United Nations organisation to discuss the United Nations' peacekeeping work.
Mr. Douglas Hogg: My right hon. Friend the Prime Minister and I last met the Secretary-General of the United Nations when he visited the United Kingdom in October. We had wide-ranging discussions covering a number of UN -related topics including peacekeeping operations.
34. Mr. O'Hara: To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on the application of Cyprus for full membership of the European Union.
Mr. Douglas Hogg: The Corfu European Council agreed that Cyprus will be involved in the next phase of enlargement. The Council is committed to a review of the application, in the light of progress in the intercommunal dispute, early in 1995. We welcome the prospect of eventual Cypriot accession.
35. Mr. Pike: To ask the Secretary of State for Foreign and Commonwealth Affairs what new proposals he has to assist the Governments of Pakistan and India to resolve the Kashmir dispute.
Mr. Baldry: Our position has not changed. We continue to believe that the best way forward on Kashmir should involve simultaneous progress on dialogue between India and Pakistan as provided for under the 1972 Simla agreement; an improvement in human rights in Kashmir and a genuine political process there; and a clear cessation of external support for violence in Kashmir. We stand ready to offer our good offices to help resolve the dispute if both sides so wish.
36. Mr. Simon Coombs: To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on Malta's application for membership of the European Union.
Mr. Douglas Hogg: The Corfu European Council agreed that Malta will be involved in the next phase of enlargement. The Council will review the application this year. We welcome the prospect of Maltese accession to the European Union.
37. Mr. Worthington: To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement about areas of disagreement with France about foreign policy in Africa; and what he proposes to try and ensure a joint approach.
Mr. Baldry: We work closely together with the French both bilaterally and within the EU. On 18 November, my
right hon. Friend, the Prime Minister and Mr. Balladur said both Governments would explore ideas on peacekeeping further with African partners. We are following this up. More recently, on 25 January, my right hon. and noble Friend, the Minister for Overseas Development had wide-ranging talks in Paris with French experts on Africa.
38. Mr. Spring: To ask the Secretary of State for Foreign and Commonwealth Affairs what is his assessment of current relations between the United Kingdom and the Republic of India.
Mr. Baldry: Relations between the United Kingdom and the Republic of India are excellent, as my right hon. Friend the Foreign Secretary saw when he visited Calcutta and Delhi last month. In particular the Indo-British partnership initiative continues to flourish. British exports to India have increased by 40 per cent. in the last 18 months, and investment approvals have increased dramatically in the last two years. The UK's largest bilateral aid programme is in India.
Mr. Worthington: To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement about the current status of the mission of the United States special representative to Sudan; what he is seeking to achieve; and what progress he is making.
Mr. Douglas Hogg: The US special envoy on the Sudan, Ambassador Melissa Wells, was appointed last May to work in support of regional efforts to find a peaceful resolution to the conflict in Sudan. She has visited Sudan and neighbouring countries in pursuit of this.
Palestinian National Authority
Mr. Worthington: To ask the Secretary of State for Foreign and Commonwealth Affairs what further international discussions are taking place that are leading to proposals further to assist the Palestinian national authority with its internal security and terrorist problems.
Mr. Douglas Hogg: The international committee, which co-ordinates assistance to the Palestinian police force, will meet in Gaza as one of the working groups under the local aid co-ordination committee, supported by the UN special co-ordinator for the occupied territories. The first meeting is expected to take place on 7 February.
Mr. Worthington: To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement about the recent arrest and release by rebels of a British citizen in Afghanistan.
Mr. Baldry: We welcomed the release of Eden Fernandez, on humanitarian grounds. Swift and effective action by a British diplomat, who fortunately was visiting Kabul, and the helpful co-operation of the International Committee of the Red Cross, enabled his release and return, via Pakistan, to the United Kingdom.
Mr. Ray Nelson
Mr. Pickthall: To ask the Secretary of State for Foreign and Commonwealth Affairs what investigations have been made into the circumstances of the death of Mr. Ray Nelson in a fire at a works living quarters in Tengiz, Kazakstan on 29 December 1993; and if he will make a statement.
Mr. Baldry: The police in Tengiz, Kazakstan are treating the tragic death of Mr. Raymond Anthony Nelson as an accident. Mr. Nelson was sub- contracted to TengizChevroil, which is holding its own investigation. The company's initial accident report states that Mr. Nelson remained in a burning building, looking for another person when he was overcome by smoke. The full report has not yet been completed.
Mr. David Young: To ask the Secretary of State for Foreign and Commonwealth Affairs what factors preclude residents of Gibraltar from voting for and being represented by a Euro-MP.
Mr. Baldry: Annex II of the 1976 Act on direct elections limits to the United Kingdom itself the franchise for elections to the European Parliament.
ATTORNEY-GENERAL
Independent Counsel
Mr. Gordon Prentice: To ask the Attorney-General on how many occasions in 1994 the Government sought opinions from independent counsel; and what was the total cost.
The Attorney-General: Information is not held centrally and could be obtained from Departments only at disproportionate cost.
OVERSEAS DEVELOPMENT ADMINISTRATION
Miss Lestor: To ask the Secretary of State for Foreign and Commonwealth Affairs if he will list all Overseas Development Administration-funded forestry and forestry-related projects since 1980 in Indonesia, providing (a) the dates approved and the status of their implementation, (b) the amount and type of aid funding, (c) the main objectives of the projects and (d) the counterpart Indonesian Government or private sector bodies involved in each of the projects.
Mr. Baldry: A list of forestry projects has been placed in the Libraries of both Houses.
Mr. Worthington: To ask the Secretary of State for Foreign and Commonwealth Affairs which parts of Sudan are still inaccessible to international aid agencies and humanitarian relief.
Mr. Baldry: Operation Lifeline Sudan was refused access in January to seven of the 95 destinations
designated as relief distribution centres: Maiyut, Pariang, Boma, Nimule, Chunkodum, Ikotos and Mundri. These are all located in areas of military activity. Access to the Nuba mountains remains as described in my answer of 25 October 1994, Official Report , column 546 .


text:
�|�CONSOLIDATED BALANCE SHEETS
�|�CONSOLIDATED BALANCE SHEETS (Parenthetical)
�|�CONSOLIDATED STATEMENTS OF OPERATIONS AND...
�|�CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
�|�CONSOLIDATED STATEMENTS OF CASH FLOWS
�|�Interim Financial Statements
�|�Summary of Significant Accounting Policies
�|�Cash and Cash Equivalents and...
�|�Fair Value Measurements
�|�Earnings per Share
�|�Property and Equipment
�|�Intangible Assets
�|�Other Credit Arrangements
�|�Share-Based Compensation
�|�Income Taxes
�|�Legal Proceedings
�|�Restructuring Charges
�|�Summary of Significant Accounting Policies...
�|�Fair Value Measurements (Tables)
�|�Earnings per Share (Tables)
�|�Property and Equipment (Tables)
�|�Intangible Assets (Tables)
�|�Share-Based Compensation (Tables)
�|�Restructuring Charges (Tables)
�|�Useful Lives of Major Classes...
�|�Fair Market Values for Cash...
�|�Fair Value Hierarchy for Financial...
�|�Reconciliation Between Basic and Diluted...
�|�Earnings per Share - Additional...
�|�Property and Equipment (Detail)
�|�Intangible Assets (Detail)
�|�Other Credit Arrangements - Additional...
�|�Share-Based Compensation - Additional Information...
�|�Summary of Stock Option Activity...
�|�Black-Scholes Option Valuation Assumptions (Detail)
�|�Summary of Restricted Stock Activity...
�|�Income Taxes - Additional Information...
�|�Restructuring Charges - Additional Information...
�|�Rollforward of Liabilities Recognized in...
Document And Entity Information [Abstract]
10-Q�
Amendment Flag
false�
Document Period End Date
Apr. 29, 2017�
Document Fiscal Year Focus
2017�
Document Fiscal Period Focus
Q1�
Trading Symbol
AEO�
Entity Registrant Name
AMERICAN EAGLE OUTFITTERS INC�
Entity Central Index Key
0000919012�
Current Fiscal Year End Date
--01-28�
Entity Filer Category
Large Accelerated Filer�
Entity Common Stock, Shares Outstanding
176,975,145�
CONSOLIDATED BALANCE SHEETS�(USD $)
In Thousands, unless otherwise specified
$�225,197�
Merchandise inventory
364,274�
79,432�
Prepaid expenses and other
Property and equipment, at cost, net of accumulated depreciation
Intangible assets, at cost, net of accumulated amortization
Non-current deferred income taxes
1,633,193�
Accrued compensation and payroll taxes
Accrued rent
Accrued income and other taxes
6,915�
Unredeemed gift cards and gift certificates
Current portion of deferred lease credits
Other liabilities and accrued expenses
Non-current liabilities:
Deferred lease credits
Non-current accrued income taxes
Other non-current liabilities
Total non-current liabilities
Stockholders� equity:
Preferred stock, $0.01 par value; 5,000 shares authorized; none issued and outstanding
Common stock, $0.01 par value; 600,000 shares authorized; 249,566 shares issued; 176,965, 181,886 and 180,804 shares outstanding, respectively
Contributed capital
Treasury stock, 72,601, 67,680 and 68,762 shares, respectively
Total stockholders� equity
Total liabilities and stockholders� equity
$�1,633,193�
CONSOLIDATED BALANCE SHEETS (Parenthetical)�(USD $)
Preferred stock, par value
$�0.01�
Preferred stock, shares authorized
Preferred stock, issued
0�
Preferred stock, outstanding
Common stock, par value
Common stock, shares authorized
Common stock, shares issued
Common stock, shares outstanding
Treasury stock, shares
72,601,000�
CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS�(USD $)
In Thousands, except Per Share data, unless otherwise specified
Total net revenue
Cost of sales, including certain buying, occupancy and warehousing expenses
Selling, general and administrative expenses
Depreciation and amortization expense
Other income, net
403�
Provision for income taxes
Net income per basic share
Net income per diluted share
Cash dividends per common share
$�0.125�
Weighted average common shares outstanding - basic
Weighted average common shares outstanding - diluted
Retained earnings, beginning
Cash dividends and dividend equivalents
Reissuance of treasury stock
Retained earnings, ending
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME�(USD $)
Statement Of Income And Comprehensive Income [Abstract]
$�25,236�
Foreign currency translation income
CONSOLIDATED STATEMENTS OF CASH FLOWS�(USD $)
Adjustments to reconcile net income to net cash from operating activities:
Foreign currency transaction gain
Changes in assets and liabilities:
Total adjustments
Capital expenditures for property and equipment
Acquisition of intangible assets
Net cash used for investing activities
Payments on capital leases
Repurchase of common stock as part of publicly announced programs
Repurchase of common stock from employees
Net proceeds from stock options exercised
Excess tax benefit from share-based payments
Cash dividends paid
Net cash used for financing activities
Effect of exchange rates changes on cash
Net decrease in cash and cash equivalents
Cash and cash equivalents - beginning of period
Cash and cash equivalents - end of period
Cash paid during the period for income taxes
Cash paid during the period for interest
$�262�
Interim Financial Statements
1. Interim Financial Statements
The accompanying Consolidated Financial Statements of American Eagle Outfitters, Inc. (the "Company") at April 29, 2017 and April 30, 2016 and for the 13 week periods ended April 29, 2017 and April 30, 2016 have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. Certain notes and other information have been condensed or omitted from the interim Consolidated Financial Statements presented in this Quarterly Report on Form 10-Q. Therefore, these Consolidated Financial Statements should be read in conjunction with the Company's Fiscal 2016 Annual Report. In the opinion of the Company's management, all adjustments (consisting of normal recurring adjustments and those described in the footnotes that follow) considered necessary for a fair presentation have been included. The existence of subsequent events has been evaluated through the filing date of this Quarterly Report on Form 10-Q.
As used in this report, all references to "we," "our" and the "Company" refer to American Eagle Outfitters, Inc. and its wholly owned subsidiaries. "American Eagle Outfitters," "American Eagle," "AEO" and the "AE Brand" refer to our American Eagle Outfitters stores. "Aerie" refers to our Aerie® by American Eagle® stores. "AEO Direct" refers to our e-commerce operations, www.ae.com and www.aerie.com. "Tailgate" refers to our Tailgate brand of vintage, sports- inspired apparel. "Todd Snyder" refers to our Todd Snyder New York premium menswear brand.
Our business is affected by the pattern of seasonality common to most retail apparel businesses. Historically, a large portion of total net revenue and operating income occurs in the third and fourth fiscal quarters, reflecting the increased demand during the back-to-school and year-end holiday selling seasons, respectively. The results for the current and prior periods are not necessarily indicative of future financial results.
Summary of Significant Accounting Policies
The Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. At April 29, 2017, the Company operated in one reportable segment.
The Company's financial year is a 52/53 week year that ends on the Saturday nearest to January 31. As used herein, "Fiscal 2017" refers to the 53 week period ending February 3, 2018. "Fiscal 2016" refers to the 52 week period ended January 28, 2017.
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of our contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, our management reviews the Company's estimates based on currently available information. Changes in facts and circumstances may result in revised estimates.
In May 2014, the Financial Accounting Standard Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"). ASU 2014-09 is a comprehensive new revenue recognition model that expands disclosure requirements and requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Originally, ASU 2014-09 was effective for annual reporting periods beginning after December 15, 2016. In July 2015, the FASB voted to approve amendments deferring the effective date by one year to be effective for annual reporting periods beginning after December 15, 2017. Accordingly, the Company will adopt ASU 2014-09 on February 4, 2018. The Company does not expect a material impact of the adoption of this guidance on its Consolidated Financial Statements, results of operations or cash flows.
In February 2016, the FASB issued ASU No. 2016-02, Leases ("ASU 2016–02") which replaces the existing guidance in ASC 840, Leases. The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years and requires retrospective application. The Company will adopt in Fiscal 2019 and is currently evaluating the impact of ASU 2016-02 to its Consolidated Financial Statements, but expects that it will result in a significant increase to its long-term assets and liabilities on the Consolidated Balance Sheets.
In March 2016, the FASB issued ASU No. 2016-09, Compensation—Stock Compensation (Topic 718) ("ASU 2016-09"). ASU 2016-09 makes several modifications to Topic 718 related to the accounting for forfeitures, employer tax withholding on share-based compensation and the financial statement presentation of excess tax benefits or deficiencies. ASU 2016-09 also clarifies the statement of cash flows presentation for certain components of share-based awards. The standard is effective for interim and annual reporting periods beginning after December 15, 2016. The Company adopted ASU 2016-09 prospectively on January 29, 2017 and did not have a material impact to the Consolidated Financial Statements for the 13 weeks ended April 29, 2017.
Foreign Currency Translation
In accordance with Accounting Standards Codification ("ASC") 830, Foreign Currency Matters, assets and liabilities denominated in foreign currencies were translated into United States dollars ("USD") (the reporting currency) at the exchange rates prevailing at the balance sheet date. Revenues and expenses denominated in foreign currencies were translated into USD at the monthly average exchange rates for the period. Gains or losses resulting from foreign currency transactions are included in the results of operations, whereas, related translation adjustments are reported as an element of other comprehensive income in accordance with ASC 220, Comprehensive Income.
Revenue is recorded for store sales upon the purchase of merchandise by customers. The Company's e-commerce operation records revenue upon the estimated customer receipt date of the merchandise. Shipping and handling revenues are included in total net revenue. Sales tax collected from customers is excluded from revenue and is included as part of accrued income and other taxes on the Company's Consolidated Balance Sheets.
Revenue is recorded net of estimated and actual sales returns and deductions for coupon redemptions and other promotions. The Company records the impact of adjustments to its sales return reserve quarterly within total net revenue and cost of sales. The sales return reserve reflects an estimate of sales returns based on projected merchandise returns determined through the use of historical average return percentages.
Revenue is not recorded on the issuance of gift cards. A current liability is recorded upon issuance, and revenue is recognized when the gift card is redeemed for merchandise. Additionally, the Company recognizes revenue on unredeemed gift cards based on an estimate of the amounts that will not be redeemed ("gift card breakage"), determined through historical redemption trends. Gift card breakage revenue is recognized in proportion to actual gift card redemptions as a component of total net revenue. For further information on the Company's gift card program, refer to the Gift Cards caption below.
The Company recognizes royalty revenue generated from its licensee or franchise agreements based on a percentage of merchandise sales by the licensee/franchisee. This revenue is recorded as a component of total net revenue when earned.
Cost of sales consists of merchandise costs, including design, sourcing, importing and inbound freight costs, as well as markdowns, shrinkage and certain promotional costs (collectively "merchandise costs") and buying, occupancy and warehousing costs.
Design costs are related to the Company's Design Center operations and include compensation, travel, supplies and samples for our design teams, as well as rent and depreciation for our Design Center. These costs are included in cost of sales as the respective inventory is sold.
Buying, occupancy and warehousing costs consist of compensation, employee benefit expenses and travel for our buyers and certain senior merchandising executives; rent and utilities related to our stores, corporate headquarters, distribution centers and other office space; freight from our distribution centers to the stores; compensation and supplies for our distribution centers, including purchasing, receiving and inspection costs; and shipping and handling costs related to our e-commerce operation. Gross profit is the difference between total net revenue and cost of sales.
Selling, general and administrative expenses consist of compensation and employee benefit expenses, including salaries, incentives and related benefits associated with our stores and corporate headquarters. Selling, general and administrative expenses also include advertising costs, supplies for our stores and home office, communication costs, travel and entertainment, leasing costs and services purchased. Selling, general and administrative expenses do not include compensation, employee benefit expenses and travel for our design, sourcing and importing teams, our buyers and our distribution centers as these amounts are recorded in cost of sales. Additionally, selling, general and administrative expenses do not include rent and utilities related to our stores, operating costs of our distribution centers, and shipping and handling costs related to our e-commerce operations.
Other income, net consists primarily of foreign currency transaction gain/loss and interest income/expense.
Cash and Cash Equivalents and Investments
The Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents.
As of April 29, 2017 and April 30, 2016, the Company held no investments.
Refer to Note 3 to the Consolidated Financial Statements for information regarding cash and cash equivalents investments.
Merchandise inventory is valued at the lower of average cost or market, utilizing the retail method. Average cost includes merchandise design and sourcing costs and related expenses. The Company records merchandise receipts when both title and risk of loss for the merchandise have transferred to the Company.
The Company reviews its inventory levels to identify slow-moving merchandise and generally uses markdowns to clear merchandise. Additionally, the Company estimates a markdown reserve for future planned permanent markdowns related to current inventory. Markdowns may occur when inventory exceeds customer demand for reasons of style, seasonal adaptation, changes in customer preference, lack of consumer acceptance of fashion items, competition, or if it is determined that the inventory in stock will not sell at its currently ticketed price. Such markdowns may have a material adverse impact on earnings, depending on the extent and amount of inventory affected. The Company also estimates a shrinkage reserve for the period between the last physical count and the balance sheet date. The estimate for the shrinkage reserve, based on historical results, can be affected by changes in merchandise mix and changes in actual shrinkage trends.
The Company calculates income taxes in accordance with ASC 740, Income Taxes ("ASC 740"), which requires the use of the asset and liability method. Under this method, deferred tax assets and liabilities are recognized based on the difference between the Consolidated Financial Statement carrying amounts of existing assets and liabilities and their respective tax bases as computed pursuant to ASC 740. Deferred tax assets and liabilities are measured using the tax rates, based on certain judgments regarding enacted tax laws and published guidance, in effect in the years when those temporary differences are expected to reverse. A valuation allowance is established against the deferred tax assets when it is more likely than not that some portion or all of the deferred taxes may not be realized. Changes in the Company's level and composition of earnings, tax laws or the deferred tax valuation allowance, as well as the results of tax audits may materially impact the Company's effective income tax rate.
The Company evaluates its income tax positions in accordance with ASC 740, which prescribes a comprehensive model for recognizing, measuring, presenting and disclosing in the financial statements tax positions taken or expected to be taken on a tax return, including a decision whether to file or not to file in a particular jurisdiction. Under ASC 740, a tax benefit from an uncertain position may be recognized only if it is "more likely than not" that the position is sustainable based on its technical merits.
The calculation of the deferred tax assets and liabilities, as well as the decision to recognize a tax benefit from an uncertain position and to establish a valuation allowance require management to make estimates and assumptions. The Company believes that its assumptions and estimates are reasonable, although actual results may have a positive or negative material impact on the balances of deferred tax assets and liabilities, valuation allowances or net income.
Refer to Note 10 to the Consolidated Financial Statements for additional information regarding income taxes.
Property and equipment is recorded on the basis of cost, including costs to prepare the asset for use, with depreciation computed utilizing the straight-line method over the assets' estimated useful lives. The useful lives of our major classes of assets are as follows:
Leasehold improvements
Lesser of 10 years or the term of the lease
Fixtures and equipment
As of April 29, 2017 the weighted average remaining useful life of our assets is approximately 8.6 years.
In accordance with ASC 360, Property, Plant, and Equipment ("ASC 360"), the Company evaluates long-lived assets for impairment at the individual store level, which is the lowest level at which individual cash flows can be identified, for stores that have been open for a period of time sufficient to reach maturity. Impairment losses are recorded on long-lived assets used in operations when events and circumstances indicate that the assets are impaired and the undiscounted cash flows estimated to be generated by those assets are less than their carrying amounts. When events such as these occur, the impaired assets are adjusted to their estimated fair value and an impairment loss is recorded. No long-lived asset impairment charges were recorded during the 13 weeks ended April 29, 2017 or April 30, 2016.
Refer to Note 6 to the Consolidated Financial Statements for additional information regarding property and equipment.
The Company's goodwill is primarily related to the acquisition of its importing operations, Canada, Hong Kong and China businesses and the recent acquisition of Tailgate Clothing Co in Fiscal 2015. In accordance with ASC 350, Intangibles – Goodwill and Other ("ASC 350"), the Company evaluates goodwill for possible impairment on at least an annual basis and last performed an annual impairment test as of January 28, 2017. During Fiscal 2016, the goodwill was fully impaired for the Hong Kong and China businesses. All other goodwill for the Company was not impaired as a result of the annual impairment test.
Intangible assets are recorded on the basis of cost with amortization computed utilizing the straight-line method over the assets' estimated useful lives. The Company's intangible assets, which primarily include trademark assets, are generally amortized over 15 to 25 years.
The Company evaluates intangible assets for impairment in accordance with ASC 350 when events or circumstances indicate that the carrying value of the asset may not be recoverable. Such an evaluation includes the estimation of undiscounted future cash flows to be generated by those assets. If the sum of the estimated future undiscounted cash flows are less than the carrying amounts of the assets, then the assets are impaired and are adjusted to their estimated fair value. No intangible asset impairment charges were recorded during the 13 weeks ended April 29, 2017 or April 30, 2016.
Refer to Note 7 to the Consolidated Financial Statements for additional information regarding intangible assets.
The value of a gift card is recorded as a current liability upon issuance, and revenue is recognized when the gift card is redeemed for merchandise. The Company estimates gift card breakage and recognizes revenue in proportion to actual gift card redemptions as a component of total net revenue. The Company determines an estimated gift card breakage rate by continuously evaluating historical redemption data and the time when there is a remote likelihood that a gift card will be redeemed. The Company recorded $2.5 million and $2.1 million of revenue related to gift card breakage during the 13 weeks ended April 29, 2017 and April 30, 2016, respectively.
Deferred lease credits represent the unamortized portion of construction allowances received from landlords related to the Company's retail stores. Construction allowances are generally comprised of cash amounts received by the Company from its landlords as part of the negotiated lease terms. The Company records a receivable and a deferred lease credit liability at the lease commencement date (date of initial possession of the store). The deferred lease credit is amortized on a straight-line basis as a reduction of rent expense over the term of the original lease (including the pre-opening build-out period). The receivable is reduced as amounts are received from the landlord.
Co-branded Credit Card and Customer Loyalty Program
The Company offers a co-branded credit card (the "AEO Visa Card") and a private label credit card (the "AEO Credit Card") under the AEO and Aerie brands. These credit cards are issued by a third-party bank (the "Bank") in accordance with a credit card agreement ("the Agreement"). The Company has no liability to the Bank for bad debt expense, provided that purchases are made in accordance with the Bank's procedures. We receive funding from the Bank based on the Agreement and card activity, which includes payments for new account activations and usage of the AEO credit card. We recognize revenue for this funding when the amounts are fixed or determinable and collectability is reasonably assured. This revenue is recorded in other revenue, which is a component of total net revenue in our Consolidated Statements of Operations and Retained Earnings.
Once a customer is approved to receive the AEO Visa Card or the AEO Credit Card and the card is activated, the customer is eligible to participate in the credit card rewards program. Customers who make purchases at AEO and Aerie earn discounts in the form of savings certificates when certain purchase levels are reached. Also, AEO Visa Card customers who make purchases at other retailers where the card is accepted earn additional discounts. Savings certificates are valid for 90 days from issuance.
Points earned under the credit card rewards program on purchases at AEO and Aerie are accounted for by analogy to ASC 605-25, Revenue Recognition, Multiple Element Arrangements ("ASC 605-25"). The Company believes that points earned under its point and loyalty programs represent deliverables in a multiple element arrangement rather than a rebate or refund of cash. Accordingly, the portion of the sales revenue attributed to the award points is deferred and recognized when the award is redeemed or when the points expire. Additionally, credit card reward points earned on non-AEO or Aerie purchases are accounted for in accordance with ASC 605-25. As the points are earned, a current liability is recorded for the estimated cost of the award, and the impact of adjustments is recorded in cost of sales.
The Company offers its customers the AEREWARDS® loyalty program (the "Program"). Under the Program, customers accumulate points based on purchase activity and earn rewards by reaching certain point thresholds during three-month earning periods. Rewards earned during these periods are valid through the stated expiration date, which is approximately one month from the mailing date of the reward. These rewards can be redeemed for a discount on a purchase of merchandise. Rewards not redeemed during the one-month redemption period are forfeited. The Company determined that rewards earned using the Program should be accounted for in accordance with ASC 605-25. Accordingly, the portion of the sales revenue attributed to the award credits is deferred and recognized when the awards are redeemed or expire.
The Company is currently piloting a new customer loyalty program, which we expect to launch late in 2017. This new program will integrate the current credit card rewards program and the AEREWARDS loyalty program into one combined customer offering. Under this new program, customers will earn discounts in the form of savings certificates, which will be accounted for in accordance with ASC 605-25.
Segment Information
In accordance with ASC 280, Segment Reporting ("ASC 280"), the Company has identified two operating segments (American Eagle Outfitters Brand and Aerie by American Eagle Outfitters Brand) that reflect the basis used internally to review performance and allocate resources. All of the operating segments have been aggregated and are presented as one reportable segment, as permitted by ASC 280.
3. Cash and Cash Equivalents and Investments
The following table summarizes the fair market values for the Company's cash and marketable securities, which are recorded on the Consolidated Balance Sheets:
April 29,
January 28,
Cash and cash equivalents:
Interest bearing deposits
Total cash and cash equivalents
There were no sales or purchases of investments for the 13 weeks ended April 29, 2017 and April 30, 2016.
4. Fair Value Measurements
ASC 820, Fair Value Measurement Disclosures ("ASC 820"), defines fair value, establishes a framework for measuring fair value in accordance with GAAP, and expands disclosures about fair value measurements. Fair value is defined under ASC 820 as the exit price associated with the sale of an asset or transfer of a liability in an orderly transaction between market participants at the measurement date.
Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. In addition, ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include:
Level 1 — Quoted prices in active markets for identical assets or liabilities.
Level 2 — Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
Level 3 — Unobservable inputs (i.e., projections, estimates, interpretations, etc.) that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
As of April 29, 2017 and April 30, 2016, the Company held certain assets that are required to be measured at fair value on a recurring basis. These include cash and cash equivalents.
In accordance with ASC 820, the following table represents the Company's fair value hierarchy for its financial assets (cash equivalents) measured at fair value on a recurring basis at April 29, 2017 and April 30, 2016:
Fair Value Measurements at April 29, 2017
Carrying Amount
Quoted Market
Prices in Active
Markets for
Identical
(Level 1)
Significant Other
Observable Inputs
Unobservable
In the event the Company holds Level 3 investments, a discounted cash flow model is used to value those investments. There were no Level 3 investments at April 29, 2017 or April 30, 2016.
The Company's non-financial assets, which include goodwill, intangible assets and property and equipment, are not required to be measured at fair value on a recurring basis. However, if certain triggering events occur, or if an annual impairment test is required, and the Company is required to evaluate the non-financial instrument for impairment, a resulting asset impairment would require that the non-financial asset be recorded at the estimated fair value.
5. Earnings per Share
The following is a reconciliation between basic and diluted weighted average shares outstanding:
13 Weeks Ended
Weighted average common shares outstanding:
Basic number of common shares outstanding
Dilutive effect of stock options and non-vested
Diluted number of common shares outstanding
Equity awards to purchase approximately 3.3 million shares of common stock during the 13 weeks ended April 29, 2017 and 1.4 million shares of common stock during the 13 weeks ended April 30, 2016 were outstanding, but were not included in the computation of weighted average diluted common share amounts as the effect of doing so would be anti-dilutive.
Additionally, approximately 0.6 million shares of restricted stock units for the 13 weeks ended April 29, 2017 were outstanding, but not included in the computation of weighted average diluted common share amounts as the effect of doing so would be anti-dilutive. Furthermore, approximately 0.7 million shares of restricted stock units for the 13 weeks ended April 29, 2017 were not included in the computation of weighted average dilution common shares amounts because the number of shares ultimately issued is contingent on the Company's performance compared to pre-established annual performance goals.
Refer to Note 9 to the Consolidated Financial Statements for additional information regarding share-based compensation.
6. Property and Equipment
Property and equipment consists of the following:
Property and equipment, at cost
Less: Accumulated depreciation and impairment
7. Intangible Assets
Intangible assets consist of the following:
Trademarks, at cost
Less: Accumulated amortization
Other Credit Arrangements
8. Other Credit Arrangements
In Fiscal 2014, the Company entered into a Credit Agreement ("Credit Agreement") for five-year, syndicated, asset-based revolving credit facilities (the "Credit Facilities"). The Credit Agreement provides senior secured revolving credit for loans and letters of credit up to $400 million, subject to customary borrowing base limitations. The Credit Facilities provide increased financial flexibility and take advantage of a favorable credit environment.
All obligations under the Credit Facilities are unconditionally guaranteed by certain subsidiaries. The obligations under the Credit Agreement are secured by a first-priority security interest in certain working capital assets of the borrowers and guarantors, consisting primarily of cash, receivables, inventory and certain other assets and have been further secured by first-priority mortgages on certain real property.
As of April 29, 2017, the Company was in compliance with the terms of the Credit Agreement and had $8.1 million outstanding in stand-by letters of credit. No loans were outstanding under the Credit Agreement as of April 29, 2017.
Additionally, the Company has a borrowing agreement with one financial institution under which it may borrow an aggregate of $5.0 million USD for the purposes of trade letter of credit issuances. The availability of any future borrowings under the trade letter of credit facilities is subject to acceptance by the financial institution.
As of April 29, 2017, the Company had no outstanding trade letters of credit.
9. Share-Based Compensation
The Company accounts for share-based compensation under the provisions of ASC 718, Compensation - Stock Compensation ("ASC 718"), which requires companies to measure and recognize compensation expense for all share-based payments at fair value. The Company adopted ASU 2016-09 prospectively at the beginning of Fiscal 2017 and now records excess tax benefits and deficiencies as a discrete adjustment to income tax expense when stock awards vest or are exercised, rather than in contributed capital where they have been historically recorded. ASU 2016-09 also requires cash flows related to excess tax benefits from share-based compensation to be presented in operating activities, rather than separately as a financing activity, in the Consolidated Statement of Cash Flows.
Total share-based compensation expense included in the Consolidated Statements of Operations for the 13 weeks ended April 29, 2017 and April 30, 2016 was $4.8 million ($3.2 million, net of tax) and $8.8 million ($5.6 million, net of tax) respectively.
Stock Option Grants
The Company grants both time-based and performance-based stock options. A summary of the Company's stock option activity for the 13 weeks ended April 29, 2017 follows:
Weighted-
Outstanding - January 28, 2017
Exercised (1)
Outstanding - April 29, 2017
Vested and expected to vest - April 29, 2017
Exercisable - April 29, 2017 (2)
There were no options exercised during the 13 weeks ended April 29, 2017.
Options exercisable represent "in-the-money" vested options based upon the weighted-average exercise price of vested options compared to the Company's stock price at April 29, 2017.
Cash received from the exercise of stock options was $0.5 million for the 13 weeks ended April 30, 2016. The actual tax benefit realized from stock option exercises totaled $0.1 million for the 13 weeks ended April 30, 2016.
As of April 29, 2017, there was $8.9 million of unrecognized compensation expense for stock option awards.
There were no stock options granted during the 13 weeks ended April 30, 2016.
The fair value of stock options was estimated at the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
Black-Scholes Option Valuation Assumptions
Risk-free interest rate (1)
Volatility factor (2)
Weighted-average expected term (3)
Based on the U.S. Treasury yield curve in effect at the time of grant with a term consistent with the expected life of our stock options.
Based on a combination of historical volatility of the Company's common stock and implied volatility.
Represents the period of time options are expected to be outstanding. The weighted average expected option terms were determined based on historical experience.
Restricted Stock Grants
Time-based restricted stock awards are comprised of time-based restricted stock units. These awards vest over three years. Time-based restricted stock units receive dividend equivalents in the form of additional time-based restricted stock units, which are subject to the same restrictions and forfeiture provisions as the original award.
Performance-based restricted stock awards include performance-based restricted stock units. These awards cliff vest at the end of a three year period based upon the Company's achievement of pre-established goals throughout the term of the award. Performance-based restricted stock units receive dividend equivalents in the form of additional performance-based restricted stock units, which are subject to the same restrictions and forfeiture provisions as the original award.
The grant date fair value of all restricted stock awards is based on the closing market price of the Company's common stock on the date of grant.
A summary of the Company's restricted stock activity is presented in the following tables:
Time-Based Restricted
Stock Units
Performance-Based Restricted
(Shares in thousands)
-Average
Nonvested - January 28, 2017
Nonvested - April 29, 2017
As of April 29, 2017, there was $16.8 million of unrecognized compensation expense related to non-vested, time-based restricted stock unit awards that is expected to be recognized over a weighted-average period of 1.8 years. Based on current probable performance, there is $11.0 million of unrecognized compensation expense related to performance-based restricted stock unit awards which will be recognized as achievement of performance goals is probable over a one to three year period.
As of April 29, 2017, the Company had 2.0 million shares available for all equity grants.
10. Income Taxes
The provision for income taxes is based on the current estimate of the annual effective income tax rate and is adjusted as necessary for discrete quarterly events. The effective income tax rate for the 13 weeks ended April 29, 2017 was 32.4% compared to 36.4% for the 13 weeks ended April 30, 2016. The decrease in the effective income tax rate this year is primarily due to changes in unrecognized tax benefits and excess tax benefits from share-based payments in accordance with ASU 2016-09.
The Company records accrued interest and penalties related to unrecognized tax benefits in income tax expense. The Company recognizes income tax liabilities related to unrecognized tax benefits in accordance with ASC 740 and adjusts these liabilities when its judgment changes as the result of the evaluation of new information not previously available. Unrecognized tax benefits did not change significantly during the 13 weeks ended April 29, 2017. Over the next twelve months, the Company believes that it is reasonably possible that unrecognized tax benefits may decrease by approximately $3.7 million due to settlements, expiration of statute of limitations or other changes in unrecognized tax benefits.
11. Legal Proceedings
The Company is subject to certain legal proceedings and claims arising out of the conduct of its business. In accordance with ASC 450, Contingencies ("ASC 450"), the Company records a reserve for estimated losses when the loss is probable and the amount can be reasonably estimated. If a range of possible loss exists and no anticipated loss within the range is more likely than any other anticipated loss, the Company records the accrual at the low end of the range, in accordance with ASC 450. As the Company believes that it has provided adequate reserves, it anticipates that the ultimate outcome of any matter currently pending against the Company will not materially affect the consolidated financial position, results of operations or consolidated cash flows of the Company. However, our assessment of any litigation or other legal claims could potentially change in light of the discovery of facts not presently known or determinations by judges, juries, or other finders of fact which are not in accord with management's evaluation of the possible liability or outcome of such litigation or claims.
12. Restructuring Charges
In the 13 weeks ended April 29, 2017, the Company recorded restructuring charges of $5.4 million. This amount primarily consists of severance and related charges corresponding to home office restructuring and the previously announced initiative to explore the closure or conversion of Company owned and operated stores in Hong Kong, China, and the United Kingdom to licensed partnerships. The Company expects to incur additional charges for lease related items and severance in Fiscal 2017. The timing and magnitude is dependent on a number of factors, including negotiating third-party agreements, adherence to notification requirements and local laws.
A rollforward of the liabilities recognized in the Consolidated Balance Sheet is as follows. The accrued liability as of January 28, 2017 relates to previous restructuring activities disclosed in the Company's Fiscal 2016 Form 10-K, which remained unpaid at the beginning of Fiscal 2017.
Accrued liability as of January 28, 2017
Add: Costs incurred, excluding non-cash charges
Less: Cash payments and adjustments
Accrued liability as of April 29, 2017
Summary of Significant Accounting Policies (Policies)
Principles of Consolidation�
Fiscal Year�
Estimates�
Recent Accounting Pronouncements�
Foreign Currency Translation�
Revenue Recognition�
Cost of Sales, Including Certain Buying, Occupancy and Warehousing Expenses�
Selling, General and Administrative Expenses�
Other Income, Net�
Cash and Cash Equivalents and Investments�
Merchandise Inventory�
Income Taxes�
Property and Equipment�
Goodwill�
Intangible Assets�
Gift Cards�
Deferred Lease Credits�
Co-branded Credit Card and Customer Loyalty Program�
Segment Information�
Summary of Significant Accounting Policies (Tables)
Useful Lives of Major Classes of Assets
The useful lives of our major classes of assets are as follows:
Cash and Cash Equivalents and Investments (Tables)
Fair Market Values for Cash and Marketable Securities
Fair Value Measurements (Tables)
Fair Value Hierarchy for Financial Assets (Cash Equivalents) Measured at Fair Value on Recurring Basis
Earnings per Share (Tables)
Reconciliation Between Basic and Diluted Weighted Average Shares Outstanding
Property and Equipment (Tables)
Share-Based Compensation (Tables)
Summary of Stock Option Activity�
A summary of the Company's stock option activity for the 13 weeks ended April 29, 2017 follows:
Black-Scholes Option Valuation Assumptions�
Summary of Restricted Stock Activity�
Restructuring Charges (Tables)
Rollforward of Liabilities Recognized in Consolidated Balance Sheet
Summary of Significant Accounting Policies - Additional Information (Detail)�(USD $)
Significant Accounting Policies [Line Items]
Number of reportable segments
$�0�
Weighted average remaining useful life, assets
8 years 7 months 6 days�
Long-lived asset impairment charges
Finite-lived impairment charges
Revenue related to gift card breakage
Number of operating segments
Finite lived intangibles, useful life
15 years�
Useful Lives of Major Classes of Assets (Detail)
Property, Plant and Equipment, Estimated Useful Lives, Lease Terms [Line Items]
Useful lives in asset class
Lesser of 10 years or the term of the lease�
Leasehold Improvements |
5 years�
Useful Lives of Major Classes of Assets (Parenthetical) (Detail) (Maximum, Leasehold Improvements)
Maximum |
Fair Market Values for Cash and Marketable Securities (Detail)�(USD $)
Cash and Cash Equivalents and Investments - Additional Information (Detail)�(USD $)
Investments Debt And Equity Securities [Abstract]
Sale or purchase of available-for-sale securities
Fair Value Hierarchy for Financial Assets (Cash Equivalents) Measured at Fair Value on Recurring Basis (Detail)�(USD $)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurements, Recurring |
Carrying Amount |
Fair Value |
Quoted Market Prices in Active Markets for Identical Assets (Level 1)
Cash |
Interest Bearing Deposits |
Reconciliation Between Basic and Diluted Weighted Average Shares Outstanding (Detail)
Dilutive effect of stock options and non-vested restricted stock
Earnings per Share - Additional Information (Detail)
In Millions, unless otherwise specified
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Shares that were not included in the computation of weighted average diluted common share amounts as the effect of doing so would have been anti-dilutive
3.3�
Restricted Stock Units (RSUs)
Restricted Stock Units (RSUs) |
Performance shares
Property and Equipment (Detail)�(USD $)
Property Plant And Equipment [Abstract]
Intangible Assets (Detail)�(USD $)
Finite Lived Intangible Assets Net [Abstract]
Other Credit Arrangements - Additional Information (Detail)�(USD $)
12 Months Ended
Credit Facilities
Stand-by Letters of Credit
Credit Agreement Loans
Demand letter of credit facilities
Borrowing Agreement
Line Of Credit Facility [Line Items]
Line of credit facility, expiration period
Borrowing agreements with financial institutions
$�400,000,000�
Letters of credit outstanding amount
Outstanding borrowings
Borrowing agreement, number of financial institution
Share-Based Compensation - Additional Information (Detail)�(USD $)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, net of tax
Tax benefit realized from stock option exercises
Stock options granted
Shares available for all equity grants
Employee Stock Option

redpajama_set_name: RedPajamaCommonCrawl


The horticulture consulting department of LB Berlin plans to introduce steaming systems for hobby gardeners on the Green Week in Berlin in January.
Owners of smaller garden plots shall have the chance to get more information on the advantages of steaming.
It takes a little more efforts but steaming on a smaller scale is feasible. Before cultivation soil and "self-made" compost are freed from weeds, weed seeds and in particular pest and diseases without chemicals – 100% residue free!
Plants pay back with better growth and more nutrients!
This fact is scientifically proven. Hence Mr. Prof. Dr. Klaus-Dieter Hentschel from the renowned Humbold-University, Berlin, unreservedly recommends steaming, also for hobby users.
This slogan is followed by more and more hobby gardeners that show responsibility towards society as responsible citizens. For small growers joy of gardening already starts when seeding plants.
Healthy seedlings only grow in healthy soil which is not always available in abundance in small garden plots. Also purchased soil or compost not always fulfill all high phytohygienic requirements for seedlings.
A small steam generator in the shape of a push cart which gets introduced at the upper mentioned event, is a suitable solution. This inexpensive and easy to use device sterilizes about 70 to 80 liters of substrate within 2 hours and just € 1,- energy cost.
This old but technically newly improved steaming method uses temperatures of just 60 to 80 degrees which are sufficient to successfully sterilize fresh compost and contaminated soil. Steaming not only improves the condition of soil or substrate but also unblocks nutrients and enhances the starting position and the resistance against pest and diseases of seedlings.


text:
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Simply snap these Lego-like blocks into a frame, add your sample, and wait for the results.
Scientists Find Chemical Reaction That May Have Spawned Life on Earth	April 10, 2018 at 7:30 am
Before Earth developed even the simplest single-celled organisms that evolved to become all the life present today, there was chemistry.
New Lithium-Air Battery Lasts Hundreds of Cycles Longer Than Past Designs	March 26, 2018 at 7:08 am
Lithium-air batteries have great capacity but tend to break down in a matter of weeks. A new design that tweaks the Lithium-air reaction could finally make these batteries viable for long-term use.


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Who Plays On Sammy Hagar'S Mas Tequila?
March 29, 2022 greenbich Drinks
In addition to owning a nightclub and restaurant in Cabo San Lucas, Mexico, Hagar also directed the music video for the smash song ″Mas Tequila″ (from the 1999 Red Voodoo album), which was filmed there in 1999. Hagar performs at the club as part of his yearly 'Birthday Bash' celebration in the autumn.
Why did Sammy Hagar sell his tequila business to Campari?
According to an interview with BusinessWeek.com, former VAN HALEN singer Sammy Hagar reveals how and why he made the decision to sell a controlling share in his $60 million-per-year Cabo Wabo tequila firm to Campari / Skyy in 2012.
'My first idea was to create a little tequila brand for myself and my friends at the cantina, with the goal of eventually expanding it to the United States,' Hagar explains.
Is Cabo Wabo tequila still owned by Sammy Hagar?
In a deal announced today, Sammy Hagar sold his remaining ownership in Cabo Wabo Tequila to Compari, the business that purchased 80 percent of the company in 2008.
The Cabo Wabo Cantinas are still in the possession of Hagar.
Gruppo Campari of Italy has acquired the remaining 20 percent investment in Cabo Wabo Tequila that it did not previously hold from artist Sammy Hagar and his colleagues, bringing the company's total ownership to 100 percent.
How many tequilas does Sammy Hagar have?
The duo's tequila business, which was established in 2017, now offers three kinds of tequila: Blanco, Reposado, and a blended ″Mezquila.″ Santo, like Cabo Wabo, is a genuine professional.
How much did Sammy Hagar sell Cabo tequila for?
Sammy Hagar's tequila receives a significant boost. In May, he reached an agreement with Gruppo Campari to sell 80 percent of his Cabo Wabo tequila firm for a total of $80 million.
How rich is Sammy Hagar?
Sammy Hagar's net worth is estimated to be $150 million. Sammy Hagar is an American rock musician and entrepreneur who is worth $150 million. Sammy Hagar's net worth is unknown.
Profession: Singer, Musician, Guitarist, Songwriter, Lyricist, Composer, Businessperson, Author, Actor
Nationality: United States of America
Why did Sammy Hagar sell Cabo?
'My first idea was to create a little tequila brand for myself and my friends at the cantina, with the goal of eventually expanding it to the United States,' Hagar explains. 'I felt it would be fantastic if we could complete 10,000 cases every year. We sold 37,000 cases in our first year on the market.
How much did Sammy Hagar make on Cabo Wabo?
Since Hagar claims to have earned $4 to $5 million per year as a rock star at the time, these proposals would almost surely launch him into a new stratosphere of wealth. Hagar has declined the offers. Gruppo Campari ultimately approached him with an offer that was ten times Cabo Wabo's revenues over three years, putting the total value of the deal somewhere between $60 and $70 million.
What is the top shelf tequila?
Since Hagar claimed to have earned $4 to $5 million per year as a rock star at the time, these offers would almost definitely propel him into an entirely new stratosphere of wealth. He finally received a call from Gruppo Campari, who made him an offer equal to ten times Cabo Wabo's revenues over three years, valuing the company at between $60 and $70 million.
Are Guy Fieri and Sammy Hagar friends?
However, despite the fact that former Van Halen vocalist Sammy Hagar and TV personality and chef Guy Fieri may not appear to have much in common on the surface, the two have really been friends for many years.
Where is Cabo Wabo Sammy Hagar?
Founded in 1990 by Sammy Hagar, an American singer-songwriter and rock musician, Cabo Wabo is a private nightclub, restaurant, and bar enterprise. A franchise location in Cabo San Lucas, Baja California Sur, Mexico is available, as is a franchise location on the Las Vegas Strip and on Hollywood Boulevard in Hollywood, California.
Which is better patron or Cabo Wabo?
Choosing between Cabo Wabo and Patron Silver, which is superior? Cabo Wabo is superior to Patron Silver since they have identical flavor profiles and neither one nor the other is a good sipper, but Cabo Wabo is less expensive. It is possible to prepare excellent cocktails or shots with the Cabo Wabo while saving your hard-earned money in the process.
Who is the owner of Cabo Wabo tequila?
Concerning Sammy Hagar He has established himself as an insightful and incredibly successful entrepreneur as the founder of the world's most rockin' club (the Cabo Wabo Cantina in Cabo San Lucas, Mexico), as well as the maker of one of the world's most premium tequilas (Cabo Wabo Tequila).
What was the name of Sammy Hagar's tequila company?
The tequila brand Cabo Wabo was where Hagar got his start in the spirits sector in 1996, long before the concept of ″celebrity liquors″ became commonplace on shop shelves. A reported $80 million for a claimed 80 percent ownership in the firm in 2007, with the remaining portion sold for another reported $80 million in 2010.
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This one we got from our friend Robert Folkner, who follows news from Paris with some intensity. As you know, while we've been focused on Trump, France has been dealing with some pretty serious riots. In particular, these are being organized by "The Yellow Vests" (so called because they wear yellow traffic safety vests while in combat).
Who are the Yellow Vests and why are the burning cars and smashing windows in downtown Paris? They are working and working-middle class men and women from the center of the country whose lives have been blighted by Neo-Liberalism. They are the losers in the great post-industrial economy that was supposed to enrich us all…but mostly just made the wealthy into the obscenely wealthy.
In other words, they are the kind of people who voted for Trump in the United States. But the Yellow Vests, being wiser than we, took their fury to the streets.
The question, of course, is when do we something like this in Washington? That is, if Trump and his people continue to do nothing except serve the interests of the powerful, and of Putin?


The things happening around you are not inherently tied to you. Even those things that appear to be aimed at you often have more to do with the frame of reference from which they come than they have with you. Your enemy has his own battles, and they are not truly against you. We are each coping with a nearly infinite array of circumstances, often with no real knowledge of their total or arrangement. We do the best we can and then we move on.


Subversion Users: Re: Why do you need to grant root access to subversion repository??
Re: Why do you need to grant root access to subversion repository??
Doh -- yes, that's what I meant. Thanks for the correction, Stefan.
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Sesta Inferiore è una piccola frazione del comune di Corniglio, in provincia di Parma, situata a 923 m s. l. m. e dista circa 10 km dal capoluogo.

Si trova a circa 60 km da Parma.

Storia
L'origine dell'abitato risale a prima dell'anno 1000: Sesta si trova, infatti, citata ("…et in Sextum") in un documento del 953, con il quale la contessa Leigarda, figlia del conte Vuifredo, donò alla canonica di Parma e al vescovo alcuni suoi beni nel territorio cornigliese. Sesta è nuovamente nominata in documenti del 1327, quando venne acquistata dal vescovo Ugolino Rossi, e alla fine del Quattrocento, in atti che testimoniano la sua dipendenza dal podestà di Corniglio.

Monumenti e luoghi d'interesse

Chiesa di San Rocco

L'attuale chiesa risale probabilmente al XVII secolo. La famiglia Faggi fondò nel 1529 un oratorio utilizzato per il culto fino a quando, nel 1656, Sesta Inferiore si eresse a parrocchia staccandosi dalla vicina frazione di Mossale. Don Giacomo Faggi fu promotore e finanziatore del distacco e della costruzione della nuova chiesa, a patto che la parrocchia fosse assegnata di preferenza ai sacerdoti del suo casato.

La chiesa ha pianta a croce latina ed ha un campanile a vela con due campane tuttora suonate a corda. La facciata è stata restaurata nel 2009 riportando a facciavista la struttura in sasso.

L'interno è stato completamente affrescato nel 1963 dal pittore Walter Madoi: tutta la parete destra è occupata dalla scena della Crocifissione mentre sulla parete sinistra la numerosa folla che assiste è rappresentata dagli abitanti del paese dell'epoca. Nell'abside su uno sfondo nero appare la luce della Risurrezione; in posizione piuttosto nascosta sulla destra si trova il ritratto del vescovo di Parma Evasio Colli e sulla sinistra un autoritratto dell'artista stesso. L'affresco è stato oggetto, dal 2015 al 2018, di un delicato e complesso lavoro di restauro, peraltro parziale poiché riguardante solo la parete destra, che è stata consolidata e pulita da sali e muffe causati dall'umidità, ripristinando così i colori e i cromatismi originali. Nel 2019 e 2020 anche la parete sinistra, la controfacciata ed il soffitto sono state restaurate.

L'altare maggiore, dedicato a san Rocco, fu completamente demolito e ricostruito alla fine degli anni 1960 in base alle indicazioni del Concilio Vaticano II che lo voleva rivolto ai fedeli. Alcune delle pietre che lo componevano vennero riutilizzate per l'attuale altare, mentre altre vennero usate sul sagrato a scopo decorativo.

La cappella laterale destra, un tempo dedicata alla Madonna del Carmelo, fu murata nel 1963 per ampliare la superficie da affrescare; la cappella laterale sinistra, che conteneva in passato un altarino e un quadro dedicati a sant'Antonio da Padova, è oggi occupata da una riproduzione in gesso del monumento La sofferenza, sempre di Walter Madoi, il cui originale in bronzo si trova a San Donato Milanese.
Nell'abside si trova un quadro, recentemente restaurato, raffigurante i tre Santi patroni della frazione ovvero san Rocco, sant'Antonio da Padova e la Madonna del Carmelo.

Davanti all'arcata che separa la navata dal presbiterio si trovano il tabernacolo in pietra e le statue di San Rocco e di Sant'Antonio, mentre su un piedistallo infisso nella parte alta dell'arcata stessa è collocata una statua in gesso della Madonna ancora di Walter Madoi. Nel 2020, in occasione della sagra patronale, sono state donate alla chiesa ed inaugurate due nuove statue in pietra, scolpite dal maestro scultore Giovanni Spaggiari e poste davanti all'altare, raffiguranti san Rocco e san'Antonio da Padova.

Nella controfacciata è esposta un'antica campana del 1683 con iscrizioni e bassorilievi raffiguranti San Rocco e lo stemma della famiglia Faggi.

Ogni anno il 16 agosto il patrono san Rocco viene festeggiato con una solenne funzione e una processione, spesso seguite da manifestazioni conviviali e folkloristiche.

Fontana rotonda
La fontana si trova in una panoramica piazzetta con vista su alcune delle più alte cime dell'Appennino (Monte Marmagna, Monte Orsaro, Monte Aquila) ed è costruita in arenaria. È un pregevole manufatto composto di una vasca circolare del diametro di circa 3 m al centro della quale sorge una grande colonna, sempre in pietra, da cui sgorgano quattro getti d'acqua provenienti da una sorgente sopra al paese.
L'acqua viene convogliata dalla fontana al sottostante lavatoio, una grande vasca rettangolare in pietra oggi bisognosa di restauri e fino a pochi anni fa utilizzata per il lavaggio del bucato.

Antico ponte sul Parma
Il ponte, che secondo testimonianze orali degli abitanti era ancora in uso nei primissimi anni del XX secolo, collegava in passato Sesta Inferiore con i castagneti di Bosco e fu costruito pochi metri a valle della confluenza dei due rami del torrente Parma.

Il ponte, oggi in rovina e non più transitabile, è costruito in grandi blocchi di arenaria e presenta un'unica lunga arcata che scavalca il torrente.

Affreschi esterni e "Museo all'aperto"

Negli anni 1960 e 1970 Walter Madoi realizzò, sui muri esterni di molte case del borgo, una quarantina di affreschi raffiguranti personaggi del posto e alcune celebrità dell'epoca (Sophia Loren, Vittorio Gassman, Gino Cervi, Scilla Gabel, Elsa Martinelli, Soraya).
Molti dei dipinti esterni sono scomparsi o versano in cattive condizioni, nonostante gli interventi di restauro che si sono susseguiti negli anni.

Nel 2010 il Parco dei Cento Laghi ha realizzato all'interno del paese un percorso attrezzato  ("Madoi - Museo all'aperto"), con un pannello esplicativo e fotografico per ogni affresco (anche quelli oggi perduti) nella sua posizione originaria.

Note

Bibliografia

Altri progetti

Frazioni di Corniglio

redpajama_set_name: RedPajamaWikipedia


Make your home or chosen interior space fragrant all year around with our luxury room fragrances. These magnificent pieces showcase the thought of the designer, the skills of the artisan and at times the love and care of the all important generous giver.
Our curated selection includes reed diffusers, perfumes and candles.


In John 8:24 Jesus says, "Therefore, I said to you that you will die in your sins; for unless you believe that I am He, you will die in your sins." So [another] way to guarantee you will die in your sins is to be unbelieving of the gospel. You don't have to go out and kill someone and be bad to go to hell, because hell is not just for criminals, it is for everyone and anyone who refuses Christ. If you refuse Christ in this life, God isn't going to force you to dwell with Him forever in eternity.
It isn't enough to believe that Jesus is the One that you think He is; you must believe that He is the One He claimed to be. He claimed to be God by such phrases as, "I am the bread of life" (John. 6:35), "he who believes in Me will never thirst" (6:35), "I am the Light of the world" (8:12), "I am the good shepherd" (10:11), "I am the door" (10:9), "I am the resurrection, and the life" (11:25), "I am the way, the truth, and the life" (14:6).
Because Jesus was identifying Himself with God, saving faith not only becomes a question of turning from sin, but trusting the Son as well. It's a question of believing Jesus is who He claimed to be. You ask, "Am I going to die in my sin unless I believe that He is all that He claimed to be?" That's right. You ought to find out who He claimed to be, for Romans 10:17 says faith comes by hearing a message about Christ. You can never have true faith unless you hear the truth about Christ.


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https://www.nationalgeographic.com/news/2017/03/bank-green-sea-turtle-dies-swallowing-coins-thailand.html
How Thousands of 'Good Luck' Coins Killed a Rare Sea Turtle
Likely mistaking the coins for food, an endangered green sea turtle died after consuming coins that had been tossed into a pond for luck.
Turtle Dies After Eating 11 Pounds of Coins
Veterinarians in Thailand removed 915 coins, amounting to 11 pounds, from the stomach of a sea turtle.
By Sarah Gibbens
People often throw coins into ponds to wish for luck, but for a green sea turtle that was living in a park pond along the coast of eastern Thailand, good luck was not what she received.
After consuming 915 coins, amounting to 11 pounds, the 25-year-old female turtle died.
Nicknamed Omsin, meaning "piggy bank," the turtle was first rescued by a member of the Thai navy last week, who saw her showing signs of distress. After being brought to a veterinary clinic, Omsin received a four-hour surgery to remove the coins.
The turtle initially appeared to be doing well, but a second surgery was required a week after the first to repair the animal's damaged intestines.
Roongroje Thanawongnuwech, from Bangkok's Chulalongkorn University, told the Associated Press that intestinal damage—likely from the coins—was inhibiting protein intake. Nickel toxicity 200 times the safe dose for the species also appeared to have damaged her immune system.
Dr. Nantarika Chansue was the veterinarian who led the effort to remove the coins from the turtle's stomach. In a post on her Facebook page she wrote, "Thank you for being my friend... We did our best, but it was not good enough."
Chansue's impassioned Facebook post had received forty-four thousand reactions as of Tuesday afternoon from those expressing sadness and heartbreak over the turtle's death.
Omsin is thought to have first eaten the coins while at Koh Loy Park in Thailand's Sri Racha district in Chon Buri. She was then sent to the Sattahip Turtle Conservation Center in Thailand, after a bridge to Koh Loy was closed for maintenance.
The turtle's carcass will be returned to the conservation center to be stuffed and used for educational purposes.
In an interview with the Bangkok Post, Chansue said, "I want the case of [Omsin] to be an example for people in general who may wrongly believe that throwing coins into ponds where there are live animals brings good fortune. It only hurts the animals."
Sea turtles are known to ingest debris and foreign objects that resemble prey. A study of sea turtles off the coast of Australia found they frequently ingested clear plastic because it resembles jellyfish. While older green sea turtles eat only plants, juveniles have a diet that includes seagrass and crustaceans.
Green sea turtles, who can live up to 100 years, are an endangered species, and some of their biggest threats are created by humans. Intentionally harvesting eggs from nesting sites remains a big problem and many face habitat loss. It's estimated that thousands are killed every year for their parts, which are consumed and used in everything from medicine to religious ceremonies.
CITES, a voluntary multi-lateral agreement among 125 countries to regulate trade that could contribute to the decline of threatened species, stipulates protections for sea turtles. Because the turtles are highly migratory, traveling over a thousand miles to lay eggs, and exist everywhere from the Atlantic to the Pacific, efforts to ensure their protection are often a matter of diplomacy.
The National Oceanic and Atmospheric Administration and U.S. Fish and Wildlife Service protect green sea turtles in U.S. waters under the Endangered Species Act.


Our client is a global chain of fast food restaurants and they urgently need an experienced Reach Driver to take charge of their freezer section of the Otahuhu cold store. For the right person this is a great career opportunity, with a good wage, development opportunities and staff buying privileges.
This is a busy and demanding role, working in a freezing cold environment for most of the work day - we'd prefer that you've already had experience in that climate before, but will still consider you if you haven't.
You need to have warehouse or DC experience along with a Reach Driving licence - this is a high activity environment so you need to be physically fit and prepared to work hard. Experience with an RF Scanner is essential, along with Inwards Goods. Bring a great attitude and the client may reward you with career opportunities in their global network.
There will be opportunities for overtime during the peak periods, so flexibility with timing is appreciated.
Labourforce is the leading specialist provider of Supply Chain staff in New Zealand and Australia. We're commited to providing great people to our clients, so you will be subject to a pre employment health assessment, alcohol and drug testing, an ACC claim history check, and a Ministry of Justice criminal conviction history check.
Please start the process by clicking on the "Apply Now" button and submitting your CV and cover letter.


On the 4th of August, 2018, Mr Antoine Doucet, known as TAN, passed away at Udon Thani Hospital at 03:00 A.M. He was a great and well known snooker player, often playing in Thai tournaments. Mr. Doucet was from France and had friends in the entire Farang community, as well as in the Thai community. He left in mourning his Thai wife, Bungoon Chaisong, and daughter, Hying Doucet.
On August 27, a charity golf tournament will be held in honor of Tan. T-Time is at 6:30 A.M. at the golf course Wing 23 in Udon Thani. Teams of two will play Texas scramble. The participation fee is 500 baht per team + green fee. Various prizes are to be won.
The award ceremony will take place after the tournament at Ban Preuksa 2. The proceeds will be donated to Tan's daughter.