| Industries |
|---|
| Health Care Distribution and Services |
| Automobile Manufacturers |
| Motorcycle Manufacturers |
| General Merchandise Stores |
| Advertising |
| Fertilizers and Agricultural Chemicals |
| Diversified Chemicals |
| Specialty Chemicals |
| Consumer Discretionary |
| Exposures |
|---|
| Regime |
| Crime |
| Express intent |
| Military |
| Event Codes |
|---|
| Yield position |
| Release or return |
| Demand |
| Human death |
| Solicit support |
| Yield to order |
| Wiki | Wiki Summary |
|---|---|
| Proactive disclosure | Proactive disclosure is the act of releasing information before it is requested. In Canada, this refers to an environment where information is released routinely through electronic means with the exception of information that the government is required to protect due to privacy risks. |
| Likely Story | Likely Story is an independent film production company founded by its president and CEO Anthony Bregman in October 2006 with Stefanie Azpiazu. It is based in New York City with an office in Los Angeles. |
| Gene expression | Gene expression is the process by which information from a gene is used in the synthesis of a functional gene product that enables it to produce end products, protein or non-coding RNA, and ultimately affect a phenotype, as the final effect. These products are often proteins, but in non-protein-coding genes such as transfer RNA (tRNA) and small nuclear RNA (snRNA), the product is a functional non-coding RNA. Gene expression is summarized in the central dogma of molecular biology first formulated by Francis Crick in 1958, further developed in his 1970 article, and expanded by the subsequent discoveries of reverse transcription and RNA replication.The process of gene expression is used by all known life—eukaryotes (including multicellular organisms), prokaryotes (bacteria and archaea), and utilized by viruses—to generate the macromolecular machinery for life. |
| Little Boy | "Little Boy" was the codename for the type of atomic bomb dropped on the Japanese city of Hiroshima on 6 August 1945 during World War II. It was the first nuclear weapon used in warfare. The bomb was dropped by the Boeing B-29 Superfortress Enola Gay piloted by Colonel Paul W. Tibbets, Jr., commander of the 509th Composite Group of the United States Army Air Forces and Captain Robert A. Lewis. |
| Historical cost | In accounting, an economic item's historical cost is the original nominal monetary value of that item. Historical cost accounting involves reporting assets and liabilities at their historical costs, which are not updated for changes in the items' values. |
| Permeability of soils | A number of factors affect the permeability of soils, from particle size, impurities in the water, void ratio, the degree of saturation, and adsorbed water, to entrapped air and organic material.\n\n\n== Background ==\nSoil aeration maintains oxygen levels in the plants' root zone, needed for microbial and root respiration, and important to plant growth. |
| Electronic mailing list | An electronic mailing list or email list is a special use of email that allows for widespread distribution of information to many Internet users. It is similar to a traditional mailing list – a list of names and addresses – as might be kept by an organization for sending publications to its members or customers, but typically refers to four things:\n\na list of email addresses,\nthe people ("subscribers") receiving mail at those addresses, thus defining a community gathered around a topic of interest. |
| Clarifying agent | Clarifying agents are used to remove suspended solids from liquids by inducing flocculation (the solids begin to aggregate forming flakes, which either precipitate to the bottom or float to the surface of the liquid, and then they can be removed or collected).\n\n\n== Process ==\nParticles finer than 0.1 µm (10−7m) in water remain continuously in motion due to electrostatic charge (often negative) which causes them to repel each other. |
| John Hans Stroh | John Hans Stroh (15 May 1916 – 17 September 1996) was an Australian health advocate, businessman and researcher. He had a varied career that ranged from fighter aircraft fatigue testing at the Commonwealth Aircraft Corporation (CAC), and scientific research at the CSIRO, to running a swimming pool business and a fish canning business. |
| Contingency allowance | The contingency allowance is the time allocated during planning for unscheduled events. Technical and personal disruptions result in changes in the indirect production costs. |
| List of universities by number of billionaire alumni | Counting all degrees, Harvard University comes in first place in terms of the total number of billionaire alumni. If only bachelor's degrees are counted, the University of Pennsylvania comes in slightly ahead of Harvard, according to a 2014 report. |
| Ehsan Bayat | Ehsanollah "Ehsan" Bayat (Persian: احسان الله بیات, born July 15, 1963) is an Afghan American business entrepreneur who is the founder and chairman of Bayat Group, Afghanistan's largest private company.\n\n\n== Early life and education ==\nBayat was born in Kabul; his family belongs to the Qizilbash community of Afghanistan. |
| Hugo Pool | Hugo Pool (also known as Pool Girl in the UK) is a 1997 American romantic comedy film, directed by Robert Downey Sr., starring Alyssa Milano and Patrick Dempsey.\n\n\n== Plot ==\nHugo Dugay (Alyssa Milano) runs a small company, Hugo Pool, that cleans swimming pools in Los Angeles. |
| Backyard ultra | The backyard ultra is a form of ultramarathon race where competitors must consecutively run the distance of 6,706 meters (4.167 miles) in less than one hour. When each lap is completed, the remaining time within the hour is typically used to recover for the next hour's race. |
| Rational Unified Process | The Rational Unified Process (RUP) is an iterative software development process framework created by the Rational Software Corporation, a division of IBM since 2003. RUP is not a single concrete prescriptive process, but rather an adaptable process framework, intended to be tailored by the development organizations and software project teams that will select the elements of the process that are appropriate for their needs. |
| Brand extension | The brand extension, also referred to as the brand split, is the separation of the American professional wrestling promotion WWE's roster of wrestlers (and, at various times, creative staff) into distinct divisions, or "brands". The promotion's wrestlers are assigned to a brand via the annual WWE Draft and exclusively perform on that brand's weekly television show, with some exceptions. |
| Deforestation in the United States | Deforestation in the United States was an ongoing process until recently. Between 2010 and 2020, the US forests increased 0.03% annually, according to FAO (Food and Agriculture Organization of the United Nations).Native Americans cleared millions of acres of forest for many reasons, including hunting, farming, berry production, and building materials. |
| Landscape architect | A landscape architect is a person who is educated in the field of landscape architecture. The practice of landscape architecture includes: site analysis, site inventory, site planning, land planning, planting design, grading, storm water management, sustainable design, construction specification, and ensuring that all plans meet the current building codes and local and federal ordinances.The practice of landscape architecture dates to some of the earliest of human cultures and just as much as the practice of medicine has been inimical to the species and ubiquitous worldwide for several millennia. |
| Darussalam Publishers | Darussalam International Publishing & Distribution (also known as Dar-us-Salam in U.S) is a Saudi-based multilingual international publishing house operates in 35 countries. It's the second-largest publisher of translations of the Islamic scripture (Qur'ān) in the world after King Fahd Complex. |
| Replacement Army | The Replacement Army (German: Ersatzheer) was part of the Imperial German Army during World War I and part of the Wehrmacht during World War II. It was based within Germany proper and included command and administrative units as well as training and guard troops. Its primary role was to provide replacements for the combat divisions of the regular army. |
| Market share | Market share is the percentage of the total revenue or sales in a market that a company's business makes up. For example, if there are 50,000 units sold per year in a given industry, a company whose sales were 5,000 of those units would have a 10 percent share in that market. |
| Information Services Procurement Library | The Information Services Procurement Library (ISPL) is a best practice library for the management of Information Technology related acquisition processes (derived from Euromethod). It helps both the customer and supplier organization to achieve the desired quality using the corresponded amount of time and money by providing methods and best practices for risk management, contract management, and planning. |
| Wiley (publisher) | John Wiley & Sons, Inc., commonly known as Wiley (), is an American multinational publishing company founded in 1807 that focuses on academic publishing and instructional materials. The company produces books, journals, and encyclopedias, in print and electronically, as well as online products and services, training materials, and educational materials for undergraduate, graduate, and continuing education students. |
| Ethiopian Empire | The Ethiopian Empire (Ge'ez: መንግሥተ ኢትዮጵያ, romanized: Mängəstä Ityop'p'ya, lit. 'Government of Ethiopia'), also formerly known by the exonym Abyssinia (derived from the Arabic al-Habash), or just simply known as Ethiopia (; Amharic and Tigrinya: ኢትዮጵያ ʾĪtyōṗṗyā, listen , Oromo: Itoophiyaa, Somali: Itoobiya, Afar: Itiyoophiyaa), was an empire that historically spanned the geographical area of present-day Ethiopia and Eritrea. In 1896, the Empire incorporated other regions such as Oromia and Ogaden region and saw its largest expansion with the federation of Eritrea in 1952. |
| Societal marketing | Societal responsibility of \nmarketing is a marketing concept that holds that a company should make marketing decisions not only by considering consumers' wants, the company's requirements, but also society's long-term interests.\nThe societal marketing concept holds that the organization's task is to determine the needs, wants, and interests of a target market and to deliver the desired satisfactions more effectively and efficiently than competitors in a way that preserves or enhances the well-being of both the individual consumer and society in general. |
| Training | Training is teaching, or developing in oneself or others, any skills and knowledge or fitness that relate to specific useful competencies. Training has specific goals of improving one's capability, capacity, productivity and performance. |
| Real Simple | Real Simple is an American monthly magazine published by Dotdash Meredith. The magazine features articles and information related to homemaking, childcare, cooking, and emotional well-being. |
| W Hotels | W Hotels is an American upscale lifestyle hotel chain owned by Marriott International that is marketed toward a younger age group.\n\n\n== History ==\nW Hotels was launched in 1998 with W New York, a conversion of the former Doral Inn hotel on Lexington Avenue, Manhattan. |
| Valley High School (Santa Ana, California) | Santa Ana Valley High School, also referred to as Valley High School is located at 1801 S. Greenville St. in Santa Ana, CA 92704. |
| Unit load | The term unit load refers to the size of an assemblage into which a number of individual items are combined for ease of storage and handling, for example a pallet load represents a unit load which can be moved easily with a pallet jack or forklift truck, or a container load represents a unit for shipping purposes. A unit load can be packed tightly into a warehouse rack, intermodal container, truck or boxcars, yet can be easily broken apart at a distribution point, usually a distribution center, wholesaler, or retail store for sale to consumers or for use. |
| Future Nostalgia Tour | The Future Nostalgia Tour is the fifth concert tour by English singer Dua Lipa, in support of her second studio album, Future Nostalgia (2020). Originally announced in December 2019 and scheduled to take place from April to June of the following year, the tour was postponed several times due to the ongoing COVID-19 pandemic. |
| Fire safety | Fire safety is the set of practices intended to reduce the destruction caused by fire. Fire safety measures include those that are intended to prevent ignition of an uncontrolled fire, and those that are used to limit the development and effects of a fire after it starts. |
| Statute of limitations | A statute of limitations, known in civil law systems as a prescriptive period, is a law passed by a legislative body to set the maximum time after an event within which legal proceedings may be initiated. In the United States, a government agency is permitted by the Congress to create under federal regulations its own statute of limitations.When the time which is specified in a statute of limitations runs out, a claim might no longer be filed or, if it is filed, it may be subject to dismissal if the defense against that claim is raised that the claim is time-barred as having been filed after the statutory limitations period. |
| NFPA 704 | "NFPA 704: Standard System for the Identification of the Hazards of Materials for Emergency Response" is a standard maintained by the U.S.-based National Fire Protection Association. First "tentatively adopted as a guide" in 1960, and revised several times since then, it defines the colloquial "Safety Square" or "Fire Diamond" used by emergency personnel to quickly and easily identify the risks posed by hazardous materials. |
| List of right-wing terrorist attacks | This is a list of right-wing terrorist attacks. Right-wing terrorism is terrorism that is motivated by a variety of different right-wing and far-right ideologies, most prominently by neo-Nazism, neo-fascism, ecofascism, white nationalism, white separatism, ethnonationalism, religious nationalism, anti-government patriot/sovereign citizen, anti-abortionism, and tax resistance. |
| Risk Factors |
|---|
| SCP POOL CORP Item 1A Risk Factors Cautionary Statement for Purposes of the “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995 Our disclosure and analysis in this report contains forward-looking information that involves risks and uncertainties |
| Our forward-looking statements express our current expectations or forecasts of possible future results or events, including projections of future performance, statements of management’s plans and objectives, future contracts, and forecasts of trends and other matters |
| You can identify these statements by the fact that they do not relate strictly to historic or current facts and often use words such as “anticipate”, “estimate”, “expect”, “believe,” “will likely result,” “outlook,” “project” and other words and expressions of similar meaning |
| No assurance can be given that the results in any forward-looking statements will be achieved and actual results could be affected by one or more factors, which could cause them to differ materially |
| For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act |
| Risk Factors Certain factors that may affect our business and could cause actual results to differ materially from those expressed in any forward-looking statements include the following: We are susceptible to adverse weather conditions |
| Weather is the principal external factor affecting our business |
| For example, unseasonably late warming trends can decrease the length of the pool season and unseasonably cool weather or extraordinary rainfall during the peak season can decrease swimming pool use, installation and maintenance, as well as landscape installations and maintenance |
| These weather conditions adversely affect sales of our products |
| For a discussion regarding seasonality and weather, see Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Seasonality and Quarterly Fluctuations,” of this Form 10-K Our distribution business is highly dependent on our ability to maintain favorable relationships with suppliers and manufacturers |
| As a distribution company, maintaining favorable relationships with our suppliers is critical to the success of our business |
| We believe that we add considerable value to the swimming pool supply chain and landscape supply chain by purchasing products from a large number of manufacturers and distributing the products to a highly fragmented customer base on conditions that are more favorable than these customers could obtain on their own |
| We believe that we currently enjoy good relationships with our suppliers, who generally offer us competitive pricing, return policies and promotional allowances |
| However, our inability to maintain favorable relationships with our suppliers could have an adverse effect on our business |
| Our largest suppliers are Pentair Corporation, Hayward Pool Products, Inc |
| and Waterpik Technologies, Inc, which accounted for approximately 20prca, 13prca and 7prca, respectively, of the costs of products we sold in 2005 |
| While we do not believe that the loss of any single supplier would adversely affect our business, a decision by several suppliers, acting in concert, to sell their products directly to retail customers and other end-users of their products, bypassing distribution companies like ours, would have an adverse effect on our business |
| We dedicate significant resources to promote the benefits and affordability of pool ownership, which we believe greatly benefits our swimming pool customers and suppliers |
| We face intense competition both from within our industry and from other leisure product alternatives |
| We face competition from both inside and outside of our industry |
| Within our industry, we compete against various regional and local distributors and, to a lesser extent, mass market retailers and large pool supply retailers |
| Outside of our industry, we compete with sellers of other leisure product alternatives, such as boats and motor homes, and with other companies who rely on discretionary homeowner expenditures, such as 7 ______________________________________________________________________ [35]Table of Contents home remodelers |
| New competitors may emerge as there are low barriers to entry in our industry |
| Some geographic markets that we serve, particularly our largest, higher density markets in California, Florida, Texas and Arizona, representing approximately 54prca of our net sales in 2005, also tend to be more competitive than others |
| Mass market retailers today carry a limited range of, and devote a limited amount of shelf space to, merchandise and products targeted to our industry |
| Historically, mass market retailers have generally expanded by adding new stores and product breadth, but their product offering of pool and landscape related products has remained relatively constant |
| Should mass market retailers increase their focus on the pool or professional landscape industries, or increase the breadth of their pool and landscape related product offerings, they may become a more significant competitor for direct and end-use customers which could have an adverse impact on our business |
| The demand for our swimming pool and related outdoor lifestyle products may be adversely affected by economic downturns |
| In economic downturns, the demand for swimming pool or leisure related products may decline as discretionary consumer spending, the increase in pool eligible households and swimming pool construction decline |
| Although maintenance products and repair and replacement equipment that must be purchased by pool owners to maintain existing swimming pools account for more than 60prca of our gross profits, the growth of our business depends on the expansion of the installed pool base, which may be viewed by most consumers as a discretionary expenditure that may be adversely affected by economic downturns |
| We depend on key personnel |
| As such, our future success depends in large part on our ability to attract, retain and motivate qualified personnel, including our executive officers and key management personnel |
| If we are unable to attract and retain key personnel, our operating results could be adversely affected |
| Specifically, our future success depends to an extent upon the continued service of Manuel Perez de la Mesa, our Chief Executive Officer |
| Perez de la Mesa in particular could have a material adverse effect on our business |
| Perez de la Mesa is not nearing retirement age, and we have no indication that he intends to retire in the near future |
| We do not currently maintain key man insurance on Mr |
| Perez de la Mesa |
| We have experienced substantial sales growth in recent years through acquisitions and new service center openings that have increased our size, scope and geographic distribution |
| Since 2001, we have opened 23 new service centers and have completed 13 acquisitions including our acquisition of Horizon in October 2005 |
| These acquisitions have added 93 service centers, net of service center closings and consolidations, and a centralized shipping location to our distribution networks |
| While we contemplate continued growth through acquisitions and internal expansion, no assurance can be made as to our ability to: • penetrate new markets; • identify appropriate acquisition candidates; • complete acquisitions on satisfactory terms and successfully integrate acquired businesses; • obtain financing; • generate sufficient cash flows to support expansion plans and general operating activities; • maintain favorable supplier arrangements and relationships; and • identify and divest assets which do not continue to create value consistent with our objectives |
| If we do not manage these potential difficulties successfully, our operating results could be adversely affected |
| 8 ______________________________________________________________________ [36]Table of Contents The growth of our business depends on effective marketing programs |
| The growth of our business depends on the expansion of the installed pool base |
| Thus, an important part of our strategy is to promote the growth of the pool industry through our extensive advertising and promotional programs that attempt to raise consumer awareness regarding the benefits and affordability of pool ownership, the ease of pool maintenance and the many ways in which a pool may be enjoyed beyond swimming |
| swimmingpool |
| com ™ and public relations campaigns |
| We believe these programs benefit the entire supply chain from our suppliers to our customers |
| We also promote the growth of our customers’ businesses through comprehensive support programs that offer promotional tools and marketing support to help generate increased sales for our customers |
| Our programs include such things as personalized websites, brochures, marketing campaigns and business development training |
| We also provide certain retail store customers with assistance in site selection, store layout and design and business management system implementation |
| Our inability to sufficiently develop effective advertising, marketing and promotional programs to succeed in a weakened economic environment and an increasingly competitive marketplace, in which we (and our entire supply chain) also compete with other luxury product alternatives, could have a material adverse effect on our business |
| Our business is highly seasonal |
| In 2005, approximately 64prca of our net sales and 89prca of our operating income were generated in the second and third quarters of the year, which represent the peak months of swimming pool use, installation, remodeling and repair |
| Our sales are substantially lower during the first and fourth quarters of the year, when we may incur net losses |
| The nature of our business subjects us to compliance with Environmental, Health, Transportation and Safety Regulations |
| We are subject to regulation under federal, state and local environmental, health, transportation and safety requirements, which govern such things as packaging, labeling, handling, transportation, storage and sale of pool chemicals and landscape chemicals and fertilizers |
| For example, we sell algaecides and pest control products that are regulated as pesticides under the Federal Insecticide, Fungicide and Rodenticide Act and various state pesticide laws |
| These laws are primarily related to labeling, annual registration and licensing |
| Failure to comply with these laws and regulations may result in the assessment of administrative, civil and criminal penalties or the imposition of injunctive relief |
| Moreover, compliance with such laws and regulations in the future could prove to be costly, and there can be no assurance that we will not incur such costs in material amounts |
| These laws and regulations have changed substantially and rapidly over the last 20 years, and we anticipate that there will be continuing changes |
| The clear trend in environmental, health, transportation and safety regulation is to place more restrictions and limitations on activities that impact the environment, such as the use and handling of chemical substances |
| Increasingly, strict restrictions and limitations have resulted in increased operating costs for us, and it is possible that the costs of compliance with such laws and regulations will continue to increase |
| We will attempt to anticipate future regulatory requirements that might be imposed and we will plan accordingly to remain in compliance with changing regulations and to minimize the costs of such compliance |
| We store chemicals, fertilizers and other combustible materials that involve fire, safety and casualty risks |
| We store chemicals and fertilizers, including certain combustible, oxidizing compounds, at our service centers |
| A fire, explosion or flood affecting one of our facilities could give rise to fire, safety and casualty losses and related liability claims |
| We maintain what we believe is prudent insurance protection |
| However, we cannot guarantee that our insurance coverage will be adequate to cover future claims that may arise or that we will be able to maintain adequate insurance in the future at rates we consider reasonable |
| Successful claims for which we are not fully insured may adversely affect our working capital and profitability |
| In addition, changes in the insurance industry have generally led to higher insurance costs and decreased availability of coverage |
| 9 ______________________________________________________________________ [37]Table of Contents We conduct business internationally, which exposes us to additional risks |
| Our international operations expose us to certain additional risks, including difficulty in staffing and managing foreign subsidiary operations, uncertain political and regulatory conditions, foreign currency fluctuations, adverse tax consequences and dependence on foreign economies |
| We source certain products we sell, including our private label products, from Asia and other foreign locations |
| There is a significant risk that we may not be able to access products in a timely and efficient manner, and we may also be subject to certain trade restrictions that prevent us from obtaining products |
| Fluctuations in other factors relating to foreign trade, such as tariffs, currency exchange rates, transportation costs and inflation are beyond our control |
| A terrorist attack or the threat of a terrorist attack could have a material adverse effect on our business |
| The terrorist attacks that took place on September 11, 2001, in the US were unprecedented events that have created many economic and political uncertainties, some of which may materially impact our business |
| Discretionary spending on leisure products such as ours is generally adversely affected during times of economic uncertainty |
| The potential for future terrorist attacks, the national and international responses to terrorist attacks, and other acts of war or hostility have created many economic and political uncertainties, which could adversely affect our business for the short or long-term in ways that cannot presently be predicted |