The Company reviews its history of actual versus estimated returns to ensure reserves are appropriate.
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).My 6:34 magic mile time predicts my 10k (46:34) and 13.1 (1:42:54) PRs exactly.These critical accounting estimates are discussed with our audit committee quarterly.Our continued success depends, to a large degree, upon the continued popularity of our program versus various other weight loss, weight management and.Cash Flow Information The Company made payments for income taxes of.
QVC sales are a function of the number of shows and the sales per minute on each show.Direct-mail advertising costs are capitalized if the primary purpose was to elicit sales to customers who could be shown to have responded specifically to the direct.NutriSystem Advanced is a complete program that includes ingredients such as soluble fibers and omega-3 fatty acids to support satiety and heart health.The food is shelf-stable at room temperature, making it relatively inexpensive to ship and store.
Also, new foods are presented to us by food manufacturers to determine.We rely on third party software products to secure our credit card transactions.Credit Facility provides for interest at either a floating rate, which will be a base rate, or a Eurocurrency rate equal to the London Inter-Bank Offered Rate for the relevant term, plus an applicable margin.We believe that our trademarks and other proprietary rights are.Actual results may differ from these estimates under different assumptions or conditions.Included in the number of shares vested for 2008 were 24,422 shares that employees surrendered to the Company for payment of the minimum tax withholding obligations.These fluctuations, as well as general economic and market conditions, may adversely affect the market price of our common.We believe that these surveys indicate a willingness to refer our program to others and that our customers value.
Based on these factors, we believe that we can compete effectively in the weight management industry.The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of.
The Company is currently evaluating whether the adoption of the FSP will have an impact on the.We have entered into supply agreements with many of these food vendors.Financial Statements See Index to the Consolidated Financial Statements on page 38 of this Annual Report.Stay up-to-date on the latest Nutrisystem news and learn more about.Lease, dated December 11, 1997, between Teachers Insurance and Annuity Association and nutrisystem.com inc. as amended by First Amendment to Lease dated October 28, 1999.The accompanying notes are an integral part of these consolidated financial statements.General and administrative expenses consist of compensation for administrative, information technology, counselors (excluding commissions) and customer service personnel, share-based payment arrangements, facility expenses, website development.
We have entered into a service agreement with our outside fulfillment provider, which provides for storage, handling and other services.An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.
In the face of increased food costs and margin pressure, we undertook a complete review of our entire.We initiated new standards for order fulfillment and new operating procedures that delivered.Many companies in the weight loss industry, including our predecessor businesses, have entered into consent decrees with the FTC relating to weight loss claims and other.Our food items have accounted for 99% of our revenues for each.
One agreement also provides for certain rebates to us if certain volume thresholds.MEDIFAST INC (MED) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016.Counselors are trained in our meal plan, our Internet chat service.Additionally, the cost and time associated with replacing OHL or UPS on short notice would add to our costs.The South Beach Diet is a popular fad diet developed by Arthur Agatston and promoted in a best-selling 2003 book.
Redling has served as our President since September 2007, as our Chief Executive.In January 2008, we expanded operations into Canada and expect to enter Japan, through a partner, by the.
Our principal sources of liquidity during this period were cash flow from operations.The complaint purported to bring claims on behalf of a class of current and former sales representatives who were compensated by NutriSystem pursuant to a commission-based compensation plan, rather than on.We market our weight management system through television, print, direct mail, Internet and public relations.