extreme-weather-impacts/classified_data_10K

0

./filings/2012/ACIW/2012-02-22_10-K_d270873d10k.htm

935,036

2,012

2012-02-22_10-K_d270873d10k.htm

2012-02-22

Our ability to provide reliable service in a number of our businesses depends on the efficient and uninterrupted operation of our data centers, information technology and communication systems, and those of our external service providers. As we continue to grow our On Demand business, our dependency on the continuing operation and availability of these systems increases. Our systems and data centers, and those of our external service providers, could be exposed to damage or interruption from fire, natural disasters, power loss, telecommunications failure, unauthorized entry and computer viruses. Although we have taken steps to prevent system failures and we have installed back-up systems and procedures to prevent or reduce disruption, such steps may not be sufficient to prevent an interruption of services and our disaster recovery planning may not account for all eventualities. Further, our property and business interruption insurance may not be adequate to compensate us for all losses or failures that may occur.

1,582

55,374

0

1

No

null

1

./filings/2012/ACOM/2012-02-17_10-K_d276705d10k.htm

1,469,433

2,012

2012-02-17_10-K_d276705d10k.htm

2012-02-17

Substantially all of our communications, network and computer hardware used to operate our Web sites are co-located in a facility in Salt Lake City, Utah. We do not own or control the operation of this facility. We have established a disaster recovery facility located at a third-party facility in Denver, Colorado. Our systems and operations are vulnerable to damage or interruption from fire, flood, power loss, telecommunications failure, terrorist attacks, acts of war, electronic and physical break-ins, computer viruses, earthquakes and similar events. The occurrence of any of the foregoing events could result in damage to our systems and hardware or could cause them to fail completely, and our insurance may not cover such events or may be insufficient to compensate us for losses that may occur. Our systems are not completely redundant, so a failure of our system at our primary site could result in reduced functionality for our customers, and a total failure of our systems at both sites could cause our Web sites to be inaccessible by our customers. Problems faced by our third-party Web hosting provider, with the telecommunications network providers with whom it contracts or with the systems by which it allocates capacity among its customers, including us, could adversely affect the experience of our subscribers. Our third-party Web hosting provider could decide to close its facilities without adequate notice. In addition, any financial difficulties, such as bankruptcy reorganization, faced by our third-party Web hosting provider or any of the service providers with whom it contracts may have negative effects on our business, the nature and extent of which are difficult to predict. Additionally, if our third-party Web hosting provider is unable to keep up with our growing needs for capacity, this could have an adverse effect on our business. Any errors, defects, disruptions or other performance problems with our services could harm our reputation and have an adverse effect on our business, financial condition and results of operations.

1,268

43,334

0

1

0

1

0

1

No

null

2

./filings/2012/ACOM/2012-02-17_10-K_d276705d10k.htm

1,469,433

2,012

2012-02-17_10-K_d276705d10k.htm

2012-02-17

•make us more vulnerable to unfavorable economic conditions;

1,268

43,334

0

1

No

null

3

./filings/2012/ARRY/2012-08-16_10-K_a2210744z10-k.htm

1,100,412

2,012

2012-08-16_10-K_a2210744z10-k.htm

2012-08-16

In addition, we or our third-party manufacturers may encounter delays and problems in manufacturing our drug candidates or drugs for a variety of reasons, including accidents during operation, failure of equipment, delays in receiving materials, natural or other disasters, political or governmental changes, or other factors inherent in operating complex manufacturing facilities. Supply chain management is complex, and involves sourcing from a number of different companies and foreign countries. Commercially available starting materials, reagents and excipients may become scarce or more expensive to procure, and we may not be able to obtain favorable terms in agreements with subcontractors. We or our third-party manufacturers may not be able to operate our respective manufacturing facilities in a cost-effective manner or in a time frame that is consistent with our expected future manufacturing needs. If we or our third- party manufacturers cease or interrupt production or if our third-party manufacturers and other service providers fail to supply materials, products or services to us for any reason, such interruption could delay progress on our programs, or interrupt the commercial supply, with the potential for additional costs and lost revenues. If this were to occur, we may also need to seek alternative means to fulfill our manufacturing needs.

1,395

61,841

0

1

No

null

4

./filings/2012/ARRY/2012-08-16_10-K_a2210744z10-k.htm

1,100,412

2,012

2012-08-16_10-K_a2210744z10-k.htm

2012-08-16

Our operations depend on the continued use of our highly specialized laboratories and equipment in Boulder and Longmont, Colorado. Catastrophic events, including fires or explosions, could damage our laboratories, equipment, scientific data, work in progress or inventories of chemical compounds and may materially interrupt our business. We employ safety precautions in our laboratory activities in order to reduce the likelihood of the occurrence of these catastrophic events; however, we cannot eliminate the chance that such an event will occur. The availability of laboratory space in these locations is limited and rebuilding our facilities could be time consuming and result in substantial delays in fulfilling our agreements with our collaborators. We maintain business interruption insurance in the amount of $15 million to cover continuing expenses and lost revenue caused by such occurrences. However, this insurance does not compensate us for the loss of opportunity and potential harm to customer relations that our inability to meet our collaborators' needs in a timely manner could create.

1,395

61,841

0

1

No

null

5

./filings/2012/AVNI/2012-04-13_10-K_arvana10k2011.htm

1,113,313

2,012

2012-04-13_10-K_arvana10k2011.htm

2012-04-13

null

917

31,642

null

No

null

6

./filings/2012/BCO/2012-02-27_10-K_form_10-k.htm

78,890

2,012

2012-02-27_10-K_form_10-k.htm

2012-02-27

·adverse economic conditions may discourage business growth which could affect demand for our services;

4,122

56,766

0

1

No

null

7

./filings/2012/BCO/2012-02-27_10-K_form_10-k.htm

78,890

2,012

2012-02-27_10-K_form_10-k.htm

2012-02-27

adverse economic conditions may discourage business growth which could affect demand for our services;

4,122

56,766

0

1

No

null

8

./filings/2012/BCO/2012-02-27_10-K_form_10-k.htm

78,890

2,012

2012-02-27_10-K_form_10-k.htm

2012-02-27

We may be exposed to certain regulatory and financial risks related to climate change.

4,122

56,766

0

1

No

null

9

./filings/2012/BDCG/2012-05-21_10-K_bci-10k_123111.htm

1,179,090

2,012

2012-05-21_10-K_bci-10k_123111.htm

2012-05-21

●an interruption in service from InterDealer;●irregular or heavy use of our electronic trading platform during peak trading times or at times of unusual market volatility;●disruptions of data flow to or from our system;●power or telecommunications failures, hardware failures or software errors;●human error;●computer viruses, acts of vandalism or sabotage (and resulting potential lapses in security), both internal and external;●natural disasters, fires, floods or other acts of God;●acts of war or terrorism or other armed hostility; and●loss of support services from third parties, including those to whom we outsource aspects of our computer infrastructure critical to our business.

2,694

75,453

0

1

0

1

0

1

0

No

null

10

./filings/2012/BDCG/2012-05-21_10-K_bci-10k_123111.htm

1,179,090

2,012

2012-05-21_10-K_bci-10k_123111.htm

2012-05-21

natural disasters, fires, floods or other acts of God;

2,694

75,453

0

1

0

1

0

1

0

No

null

11

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

OEH has contracted to sellBora Bora Lagoon Resort—76 keys—a Tahitian-style hotel set in bungalows over the lagoon water and additional beach and garden bungalows. The hotel has been closed since February 2010 when it suffered extensive damage due to a cyclone. See Note 2 to the Financial Statements.

3,984

84,941

1

0

1

0

Yes

No

Negative

asset

12

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

OEH owns and operates a deluxe river cruise ship on the Irrawaddy River in central Myanmar called theRoad To Mandalay. The ship was a Rhine River cruiser built in 1964 which OEH bought and refurbished. It has 43 air conditioned cabins with private bathrooms, spacious restaurant and lounge areas, and a canopied sun deck with swimming pool. The ship travels between Mandalay and Pagan up to eight times each month and carries up to 82 passengers who may enjoy sightseeing along the river and guided shore excursions to places of cultural interest. Three- to seven-night itineraries are offered, including airfare to and from the ship. The ship does not operate in the hottest summer months and occasionally when the water level of the Irrawaddy River falls too low due to lack of rainfall.

3,984

84,941

0

1

0

1

0

1

0

No

null

13

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

·adverse weather conditions such as severe storms or destructive forces like fire or flooding that sometimes result in closure of properties,

3,984

84,941

1

0

1

0

1

No

null

14

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

·interference with customer travel due to accidents or industrial action, increased transportation and fuel costs, and natural disasters, and

3,984

84,941

0

1

No

null

15

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

For example, civil unrest in Myanmar in September 2007 resulted in reservation cancellations at The Governor’s Residence and Road To Mandalay at the beginning of the seasonal high demand period for those properties. Bookings were recovering but suffered a new setback when the hotel and ship were damaged by a cyclone hitting Myanmar in May 2008.

3,984

84,941

1

0

1

Yes

No

Negative

asset

16

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

Also, new or existing competitors could significantly lower rates or offer greater conveniences, services or amenities, or significantly expand, improve or introduce new facilities in the markets in which OEH operates. For example, new passenger rail services have recently started to operate on the Cuzco-Machu Picchu line of Peru Rail in direct competition, which has had some impact on Peru Rail’s profitability. As another example, largely because of increased hotel competition in Bora Bora and high local cost structures, OEH has contracted to sell its Bora Bora Lagoon Resort now closed due to cyclone damage in 2010.

3,984

84,941

1

0

1

Yes

No

Negative

asset

17

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

Table of Contents·build on schedule and with minimum disruption to guests, and·integrate new properties into OEH’s operations.Also, the acquisition of properties in new locations may present operating and marketing challenges that are different from those experienced at OEH’s existing locations. OEH can provide no assurance that management will succeed in this growth strategy.OEH plans to develop new properties in the future. New project development is subject to such adverse factors as:·site deterioration after acquisition,·inability to obtain necessary government permits,·inclement weather,·labor or material shortages,·work stoppages,·unavailability of equity funding, construction finance and mortgage loans on acceptable terms,·environmental conditions such as the presence of hazardous substances, protected species, wetlands or other natural conditions,·weak economic conditions before, during or after development,·claims and disputes between OEH and other contracting parties,·untimely opening,·high start-up costs, and·weak initial market acceptance of a new property.For example, El Encanto in Santa Barbara was originally closed for extensive renovations in late 2006, with an expected reopening in 2008. However, because of changes in rebuilding plans, delays in obtaining government permits, a slower pace of construction than initially expected, and difficulty until 2011 in obtaining financing of the renovation, the reopening of the hotel has been delayed and is currently scheduled to occur in late 2012 or early 2013.OEH may be unable to obtain the necessary additional capital to finance the growth of its business.The acquisition, expansion and development of leisure properties, as well as the ongoing renovations, refurbishments and improvements required to maintain or upgrade those properties, are capital intensive. The availability of future borrowings and access to equity capital markets to fund these acquisitions, expansions and projects depend on prevailing market conditions and the acceptability of financing terms on offer. OEH can give no assurance that future borrowings or capital raising will be available to OEH, or available on acceptable terms, in an amount sufficient to fund its needs. Future equity financings may be dilutive to the existing holders of common shares. Future debt financings may require restrictive covenants that would limit OEH’s flexibility in operating its business. See also “Risks Relating to OEH’s Financial Condition and Results of Operations” below.For example, OEH contracted in 2007 to purchase and redevelop a building next to its ‘21’ Club restaurant in New York as a mixed-use hotel, library and residential property. Because of the economic downturn in 2008 and 2009 in the United States and difficulty in financing the project, OEH could not complete the project and instead assigned the purchase and development contracts in 2011 to another developer.17

3,984

84,941

0

1

No

null

18

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

·inclement weather,

3,984

84,941

0

1

No

null

19

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

OEH’s operations may be adversely affected by extreme weather conditions and the impact of natural disasters, and insurance may not fully cover these and other risks.

3,984

84,941

0

1

No

null

20

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

OEH operates properties in many locations, each of which is subject to local weather patterns affecting the properties and customer travel. As OEH’s revenues are dependent on the revenues of individual properties, extreme weather conditions from time to time can have a major adverse impact upon individual properties or particular regions. For example, hurricanes in August and October 2005 caused damage to Maroma Resort and Spa on Mexico’s Yucatan Peninsula and OEH’s then-owned Windsor Court Hotel in New Orleans, resulting in temporary closure of the hotels for repairs. Similarly, flooding and landslides due to heavy rains in the Machu Picchu region of Peru in January 2010 resulted in closure of parts of the Cuzco-Machu Picchu line of Peru Rail until June 2010 while the damaged track was repaired.

3,984

84,941

1

0

1

Yes

No

Negative

asset

21

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

Furthermore, depending on the location and configuration of certain OEH properties, such as along coasts, lagoons or rivers, they may be subject to possible adverse consequences of global climate change, including high water or increased extreme weather patterns.

3,984

84,941

0

1

0

1

0

1

No

null

22

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

·natural disasters such as earthquakes, hurricanes, floods or fires that could adversely impact a project,

3,984

84,941

1

0

1

0

1

No

null

23

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

OEH’s business depends on the efficient operation of its IT systems such as for reservations, hotel services and financial reporting. These systems are vulnerable to damage or interruption from natural disasters, power loss, telecommunications failures, computer viruses, security breaches and similar events. These could cause service delays or interruptions in OEH’s business or loss of data and result in lost revenue, added remedial costs and reputational harm.

3,984

84,941

0

1

No

null

24

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

·natural and other disasters,

3,984

84,941

0

1

No

null

25

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

(1)The impairments in 2008 consisted of impairment of goodwill at Le Manoir aux Quat’Saisons of $5,270,000, and impairment of the equity investment in Hotel Ritz in Madrid of $22,992,000. The impairments in 2009 consisted of impairment of goodwill and intangible assets at Miraflores Park Hotel, Casa de Sierra Nevada and Observatory Hotel amounting to $6,500,000. The impairments in 2010 consisted of impairment of real estate assets at Porto Cupecoy of $24,616,000, impairment of property, plant and equipment related to the New York hotel project of $6,386,000, impairment of goodwill at La Samanna and Napasai of $5,895,000 and impairment of other intangible assets of O.E. Interactive Ltd. and Luxurytravel.com UK Ltd. of $1,070,000. The impairments in 2011 consisted of impairment of real estate assets at Porto Cupecoy of $36,868,000, impairment of property, plant and equipment at Casa de Sierra Nevada and Porto Cupecoy of $9,830,000, and impairment of goodwill at Maroma Resort and Spa, Mount Nelson Hotel, Westcliff Hotel and La Residencia of $12,422,000.(2)The gain in 2007 related to the gain on the settlement of insurance proceeds for hurricane-damaged assets at Maroma Resort and Spa. The 2009 gain is related to settlement of insurance proceeds for cyclone-damaged assets on the Road to Mandalay ship. The 2011 gain is related to the assignment of OEH’s purchase and development agreements for its proposed New York hotel project in April 2011, along with the exercise of a call option by the assignee for excess development rights of the ‘21’ Club restaurant.(3)The results of Lapa Palace Hotel, Windsor Court Hotel, Lilianfels Blue Mountains, Bora Bora Lagoon Resort, Hôtel de la Cité, La Cabana and Keswick Hall have been presented as discontinued operations for all periods presented. Included in the loss from discontinued operations are goodwill and fixed asset impairment losses of $26,084,000 in 2011, $6,284,000 in 2010, $53,784,000 in 2009, $15,616,000 in 2008 and $13,992,000 in 2007, gain on sales of Hôtel de la Cité in 2011 of $2,182,000 and Lapa Palace Hotel and Windsor Court Hotel in 2009 of $3,737,000, insurance loss at Windsor Court Hotel in 2009 of $2,883,000 and an insurance gain at Bora Bora Lagoon Resort in 2010 of $5,750,000, partly offset by restructuring costs of $2,187,000.

3,984

84,941

1

0

Yes

No

Reimbursement

asset

26

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

The gain in 2007 related to the gain on the settlement of insurance proceeds for hurricane-damaged assets at Maroma Resort and Spa. The 2009 gain is related to settlement of insurance proceeds for cyclone-damaged assets on the Road to Mandalay ship. The 2011 gain is related to the assignment of OEH’s purchase and development agreements for its proposed New York hotel project in April 2011, along with the exercise of a call option by the assignee for excess development rights of the ‘21’ Club restaurant.

3,984

84,941

1

0

1

0

Yes

No

Reimbursement

asset

27

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

Earnings from unconsolidated companies net of tax increased by $2.1 million, or 91%, from $2.3 million in the year ended December 31, 2010 to $4.4 million in the year ended December 31, 2011. Earnings from the Peru hotels joint venture increased by $2.1 million, as the hotels recovered from property damage and business interruption caused by floods in the first quarter of 2010. This was offset by a non-cash property, plant and equipment charge of $0.6 million in respect of Las Casitas del Colca, one of the hotels within the Peru hotels joint venture. The carrying value was written down to the hotel’s fair value based on the joint venture’s best estimates. The tax expense associated with earnings from unconsolidated companies was $2.2 million in 2010 and $2.3 million in 2011.

3,984

84,941

0

1

0

1

0

Yes

No

Negative

asset

28

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

Bora Bora Lagoon Resort’s net loss for the year ended December 31, 2011 was $2.6 million, compared with net earnings of $1.2 million for the year ended December 31, 2010. In the year ended December 31, 2011, OEH identified and recorded a non-cash property, plant and equipment impairment charge of $2.2 million in respect of Bora Bora Lagoon Resort. The profit at Bora Bora Lagoon Resort for the year ended December 31, 2010 was primarily due tothe settlement of outstanding insurance claims relating to cyclone damage sustained at the hotel in February 2010, resulting in a gain of $5.8 million in the year, partially offset by restructuring and inventory impairment charges of $2.6 million.

3,984

84,941

1

0

1

0

Yes

No

Reimbursement

asset

29

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

Hotel das Cataratas

3,984

84,941

0

1

0

No

null

30

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

Trains and Cruises:Revenue increased by $3.6 million, or 6%, from $58.1 million in the year ended December 31, 2009 to $61.7 million in the year ended December 31, 2010. This increase was primarily due to the Road to Mandalay river cruise ship returning to operation following repairs to damage from a cyclone in Myanmar in May 2008 when the ship was taken out of service. Road to Mandalay contributed $5.1 million in the year ended December 31, 2010, compared to $1.8 million for the same period in 2009. Management fee revenue from Peru Rail decreased by $1.0 million, or 32%, from $3.1 million in the year ended December 31, 2009 to $2.1 million in the year ended December 31, 2010. This was primarily as a result of the floods in January 2010, which caused damage to the rail tracks and disrupted rail services from the end of January to July 2010. Revenue generated from operations increased by $4.4 million, which was offset by exchange rate movements across the segment of $0.7 million.

3,984

84,941

1

0

1

0

Yes

No

Negative

asset

31

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

Earnings from unconsolidated companies net of tax decreased by $1.9 million, or 45%, from $4.2 million in the year ended December 31, 2009 to $2.3 million in the year ended December 31, 2010. This includes insurance income of $0.8 million from the Peru hotels joint venture, which was impacted by property damage and business interruption caused by floods during the first quarter of 2010. The tax expense associated with earnings from unconsolidated companies was $4.5 million in 2009 and $2.2 million in 2010.

3,984

84,941

0

1

0

1

0

Yes

No

Reimbursement

asset

32

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

Table of ContentsThe following is a summary of the net assets sold and gain on sale:June 2, 2009$’000Cash1,303Property, plant and equipment, net43,333Net working capital deficit(281)Loans(715)Deferred income tax(965)Net assets42,675Transfer of foreign currency translation gain(6,719)35,956Consideration:Cash26,287Deferred, discounted to present value15,394Less: Costs to sell(899)40,782Gain on sale4,826Results of discontinued operations of the Lapa Palace Hotel were as follows, with 2010 earnings relating to interest income:Year ended December 31,2011$’0002010$’0002009$’000Revenue——2,860Earnings/(losses) before tax and gain on sale—280(827)Gain on sale——4,826Earnings before tax—2803,999Tax provision———Net earnings from discontinued operations—2803,999(f)Assets held for sale: Bora Bora Lagoon Resort and Keswick HallAs previously reported, OEH is selling its investment in Bora Bora Lagoon Resort, which is included in the hotels and restaurant segment. The property sustained damage as a result of a cyclone in February 2010 and is currently closed. OEH has entered into an agreement to sell the hotel and is currently in the process of completing the sale.In December 2011, OEH decided to sell Keswick Hall and its adjoining property development in Charlottesville, Virginia as an asset non-core to its future business, thereby releasing funds for reinvestment in other OEH properties with expected better returns. The hotel is included in the hotels and restaurants segment and the adjoining property development is included in the real estate segment. These properties have been reclassified as held for sale and the results have been presented as discontinued operations for all periods presented. The sale was completed in January 2012.72

3,984

84,941

1

0

1

0

Yes

No

Negative

asset

33

./filings/2012/BEL/2012-02-29_10-K_a12-1108_110k.htm

1,115,836

2,012

2012-02-29_10-K_a12-1108_110k.htm

2012-02-29

As previously reported, OEH is selling its investment in Bora Bora Lagoon Resort, which is included in the hotels and restaurant segment. The property sustained damage as a result of a cyclone in February 2010 and is currently closed. OEH has entered into an agreement to sell the hotel and is currently in the process of completing the sale.

3,984

84,941

1

0

1

0

Yes

No

Negative

asset

34

./filings/2012/CAT/2012-02-21_10-K_a12-2184_110k.htm

18,230

2,012

2012-02-21_10-K_a12-2184_110k.htm

2012-02-21

Table of ContentsCustomer demand for construction machinery has been characterized over the past decade by a shift from developed to developing economies. Customers in developing economies often prioritize purchase price in making their investment decisions, while customers in developed economies generally weigh productivity and other performance criteria that contribute to lower lifetime owning and operating costs of a machine. In response to increased demand in developing economies, Caterpillar has developed differentiated product offerings that target customers in those markets, including our SEM brand machines. We believe that these customer-driven product innovations enable us to compete more effectively in developing economies.In response to customer demand and our expectations for industry growth, we are investing to increase our production of construction machinery, especially in the United States, Brazil and Asia. These investments are designed to better align our regional production capacity with customer demand. In 2011, we announced new facilities in North Carolina, Texas, China and Thailand. We also announced expansions of our existing facilities in Arkansas, Texas, Brazil and India. In addition to capacity constraints for certain machines, we experienced some supply chain constraints related to the tsunami and earthquake that struck Japan on March 11, 2011. Our employees worked closely with our suppliers, dealers and customers to mitigate the effects of this disaster and almost all negative impacts experienced in the second quarter were recovered in the second half of the year, with minimal profit impact.The competitive environment for construction machinery is characterized by some global competitors and many regional and specialized local competitors. Examples of global competitors include Komatsu Ltd., Volvo Construction Equipment (part of the Volvo Group AB), CNH Global N.V., Deere & Co., Hitachi Construction Machinery Co., J.C. Bamford Ltd., Doosan Infracore Co., Ltd. and Hyundai. As an example of regional and local competitors, our competitors in China also include LiuGong Machinery Co., Ltd., Longking Group, Sany Heavy Industry Co., Ltd, XiaGong Machinery Co. Ltd., and XCMG Group. Each of these companies has varying product lines that compete with Caterpillar products, and each has varying degrees of regional focus.The Construction Industries product portfolio includes the following machines and related parts:·backhoe loaders·compact wheel loaders·medium track-type tractors·small wheel loaders·select work tools·small track-type tractors·small, medium and large track excavators·track-type loaders·skid steer loaders·motor graders·multi-terrain loaders·wheel excavators·pipelayers·mini excavators·medium wheel loaders2

783

23,115

0

1

0

No

null

35

./filings/2012/CAT/2012-02-21_10-K_a12-2184_110k.htm

18,230

2,012

2012-02-21_10-K_a12-2184_110k.htm

2012-02-21

In response to customer demand and our expectations for industry growth, we are investing to increase our production of construction machinery, especially in the United States, Brazil and Asia. These investments are designed to better align our regional production capacity with customer demand. In 2011, we announced new facilities in North Carolina, Texas, China and Thailand. We also announced expansions of our existing facilities in Arkansas, Texas, Brazil and India. In addition to capacity constraints for certain machines, we experienced some supply chain constraints related to the tsunami and earthquake that struck Japan on March 11, 2011. Our employees worked closely with our suppliers, dealers and customers to mitigate the effects of this disaster and almost all negative impacts experienced in the second quarter were recovered in the second half of the year, with minimal profit impact.

783

23,115

0

1

0

No

null

36

./filings/2012/CAT/2012-02-21_10-K_a12-2184_110k.htm

18,230

2,012

2012-02-21_10-K_a12-2184_110k.htm

2012-02-21

Unexpected events, including natural disasters, may increase our cost of doing business or disrupt our operations.

783

23,115

0

1

No

null

37

./filings/2012/CAT/2012-02-21_10-K_a12-2184_110k.htm

18,230

2,012

2012-02-21_10-K_a12-2184_110k.htm

2012-02-21

The occurrence of one or more unexpected events, including fires, tornadoes, tsunamis, hurricanes, earthquakes, floods and other forms of severe weather in the United States or in other countries in which we operate or in which our suppliers are located could adversely affect our operations and financial performance. Natural disasters, pandemic illness, equipment failures, power outages or other unexpected events could result in physical damage to and complete or partial closure of one or more of our manufacturing facilities or distribution centers, temporary or long-term disruption in the supply of component products from some local and international suppliers, disruption in the transport of our products to dealers and end-users and delay in the delivery of our products to our distribution centers. Existing insurance arrangements may not provide protection for all of the costs that may arise from such events.

783

23,115

1

0

1

0

1

No

null

38

./filings/2012/CBNT/2012-03-29_10-K_wetm_10k.htm

1,421,636

2,012

2012-03-29_10-K_wetm_10k.htm

2012-03-29

null

633

15,487

null

No

null

39

./filings/2012/COWI/2012-04-16_10-K_coroware10k.htm

1,156,784

2,012

2012-04-16_10-K_coroware10k.htm

2012-04-16

$67,042 Harvey financing:

1,905

32,325

0

1

0

No

null

40

./filings/2012/CRAWA/2012-01-13_10-K_r10kfy11.htm

47,307

2,012

2012-01-13_10-K_r10kfy11.htm

2012-01-13

null

613

11,105

null

No

null

41

./filings/2012/CTXR/2012-01-13_10-K_trailone10k093011.htm

1,506,251

2,012

2012-01-13_10-K_trailone10k093011.htm

2012-01-13

null

688

15,727

null

No

null

42

./filings/2012/FFIS/2012-03-29_10-K_ffis_10k.htm

1,434,743

2,012

2012-03-29_10-K_ffis_10k.htm

2012-03-29

●unpredictable catastrophic events could have a material adverse effect on 1st Financial;

2,101

70,372

0

1

0

No

null

43

./filings/2012/FFIS/2012-03-29_10-K_ffis_10k.htm

1,434,743

2,012

2012-03-29_10-K_ffis_10k.htm

2012-03-29

unpredictable catastrophic events could have a material adverse effect on 1st Financial;

2,101

70,372

0

1

0

No

null

44

./filings/2012/FFIS/2012-03-29_10-K_ffis_10k.htm

1,434,743

2,012

2012-03-29_10-K_ffis_10k.htm

2012-03-29

A significant portion of the Bank’s loan portfolio is secured by real property. During the ordinary course of business, the Bank may foreclose on and take title to properties securing certain loans. In doing so, there is a risk hazardous or toxic substances could be found on these properties. If hazardous or toxic substances are found, the Bank may be liable for remediation costs, as well as for personal injury and property damage. Environmental laws may require the Bank to incur substantial expenses and may materially reduce the affected property’s value or limit the Bank’s ability to use or sell the affected property. In addition, future laws or more stringent interpretations of enforcement policies with respect to existing laws may increase the Bank’s exposure to environmental liability. Although the Bank has policies and procedures to perform an environmental review before initiating any foreclosure action on real property, these reviews may not be sufficient to detect all potential environmental hazards. The remediation costs and any other financial liabilities associated with an environmental hazard could have a material adverse effect on the Company’s financial condition and results of operations.

2,101

70,372

0

1

No

null

45

./filings/2012/FFIS/2012-03-29_10-K_ffis_10k.htm

1,434,743

2,012

2012-03-29_10-K_ffis_10k.htm

2012-03-29

Unpredictable catastrophic events could have a material adverse effect on 1st Financial.

2,101

70,372

0

1

No

null

46

./filings/2012/FFIS/2012-03-29_10-K_ffis_10k.htm

1,434,743

2,012

2012-03-29_10-K_ffis_10k.htm

2012-03-29

The occurrence of catastrophic events such as hurricanes, tropical storms, earthquakes, pandemic disease, windstorms, floods, severe winter weather (including snow, freezing water, ice storms, and blizzards), fires and other catastrophes could adversely affect 1st Financial’s consolidated financial condition or results of operations. Unpredictable natural and other disasters could have an adverse effect on the Bank in that such events could materially disrupt its operations or the ability or willingness of its customers to access the financial services offered by the Bank. The incidence and severity of catastrophes are inherently unpredictable. Although the Bank carries insurance to mitigate its exposure to certain catastrophic events, these events could nevertheless reduce the Company’s earnings and cause volatility in its financial results for any fiscal quarter or year and have a material adverse effect on the Company’s financial condition and/or results of operations.

2,101

70,372

1

No

null

47

./filings/2012/FSE/2012-03-23_10-K_e47769-10k.htm

1,482,875

2,012

2012-03-23_10-K_e47769-10k.htm

2012-03-23

In the event the Fund reaches position limits imposed by the CFTC or a futures exchange with respect to an Index Futures Contract, the Managing Owner, may in its commercially reasonable judgment, cause the Fund to invest in Substitute Futures or Financial Instruments referencing the particular Index Futures Contract, or Financial Instruments not referencing the particular Index Futures Contract, if such instruments tend to exhibit trading prices or returns that correlate with the Index or any Index Futures Contract and will further the investment objective of the Fund. The term “Substitute Futures” refers to futures contracts other than the specific Index Futures Contracts that underlie the applicable Index that the Managing Owner expects will tend to exhibit trading prices or returns that generally correlate with an Index Futures Contract. The term “Financial Instruments” refers to forward agreements and swaps that the Managing Owner expects will tend to exhibit trading prices or returns that generally correlate with an Index Futures Contract. To the extent practicable, the Fund will invest in swaps cleared through the facilities of a centralized clearing house. The Fund may also invest in Substitute Futures or Financial Instruments if the market for a specific Index Futures Contract experiences emergencies (such as a natural disaster, terrorist attack or an act of God) or disruptions (such as a trading halt or flash crash) that prevent the Fund from obtaining the appropriate amount of investment exposure to the affected Index Futures Contract. For the period from February 22, 2011 to December 31, 2011, the Fund had not invested in Financial Instruments (including forwards).

596

24,983

0

1

0

No

null

48

./filings/2012/FXFL.OB/2012-03-29_10-K_bio-amd10k123111.htm

1,370,030

2,012

2012-03-29_10-K_bio-amd10k123111.htm

2012-03-29

null

1,557

38,982

null

No

null

49

./filings/2012/GTBT/2012-03-21_10-K_espi_10k.htm

1,346,526

2,012

2012-03-21_10-K_espi_10k.htm

2012-03-21

Our specialty chemicals operations are subject to the numerous hazards associated with the handling, transportation, blending, storage, sale, ownership and other activities relating to chemicals. These hazards include, but are not limited to, storage tank or pipeline leaks and ruptures, explosions, fires, chemical spills, discharges or releases of toxic substances or gases, mechanical failures, transportation accidents, any of which could materially and adversely affect the Company. These hazards can cause personal injury and loss of life, severe damage to or destruction of property and equipment, environmental damage and may result in suspension of operations.

1,425

32,434

0

1

No

null

50

./filings/2012/GWIN/2012-07-16_10-K_zippybags10k033112.htm

1,515,114

2,012

2012-07-16_10-K_zippybags10k033112.htm

2012-07-16

null

925

19,992

null

No

null

51

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

The Company’s subsidiaries and the Mutual Company are servicing carriers in the “Write-Your-Own” (WYO) program of the United States government’s National Flood Insurance Program (NFIP). The WYO program is a cooperative undertaking of the insurance industry and the Federal Emergency Management Agency. As servicing

2,163

66,411

0

1

0

1

0

No

null

52

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

carriers, Harleysville Group and the Mutual Company bear no risk of loss on flood insurance policies. All of the premiums collected on flood insurance policies are ceded to the federal government and, in exchange, a servicing fee is received from which agency commission, claim handling fees and other related expenses are paid.

2,163

66,411

0

1

0

1

0

No

null

53

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

State laws also require Harleysville Group to participate in involuntary insurance programs for automobile insurance and workers compensation, as well as other property and casualty lines, in states in which Harleysville Group writes such lines. These programs include joint underwriting associations, assigned risk plans, fair access to insurance requirements (FAIR) plans, reinsurance facilities and wind storm plans. These state laws generally require all companies that write lines covered by these programs to provide coverage (either directly or through reinsurance) for insureds who cannot obtain insurance in the voluntary market. The legislation creating these programs usually allocates a pro rata portion of risks attributable to such insureds to each company on the basis of direct written premiums or the number of automobiles insured. Generally, state law requires participation in such programs as a condition to doing business. The loss ratio on insurance written under involuntary programs generally has been greater than the loss ratio on insurance in the voluntary market.

2,163

66,411

1

0

1

0

No

null

54

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

•the amount of flood insurance written and ceded to the National Flood Insurance Program; and

2,163

66,411

0

1

0

1

0

No

null

55

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

the amount of flood insurance written and ceded to the National Flood Insurance Program; and

2,163

66,411

0

1

0

1

0

No

null

56

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

Historically, Harleysville Group’s results of operations have been influenced by factors affecting the property and casualty insurance industry in general. The operating results of the United States property and casualty insurance industry have been subject to significant variations due to competition, weather, catastrophic events, regulation, the availability and cost of satisfactory reinsurance, general economic conditions, judicial trends, fluctuations in interest rates and other changes in the investment environment.

2,163

66,411

0

1

0

No

null

57

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

An insurance company’s statutory combined ratio is a standard measure of underwriting profitability. This ratio is the sum of (1) the ratio of incurred losses and loss settlement expenses to net earned premium, (2) the ratio of expenses incurred for commissions, premium taxes, administrative and other underwriting expenses to net written premium, and (3) the ratio of dividends to policyholders to net earned premium. The combined ratio does not reflect investment income, federal income taxes or other non-operating income or expense. A ratio of less than 100 percent generally indicates underwriting profitability. Harleysville Group’s statutory combined ratio increased to 119.9% for the year ended December 31, 2011 from 102.5% for the year ended December 31, 2010. The combined ratio for 2011 includes 0.9% due to the impact of the statutory treatment of the ceding commission received on the unearned premiums transferred to the Mutual Company on January 1, 2011. Excluding the impact of the pool transfer, the statutory combined ratio was 119.0% for 2011. The increase in the combined ratio was primarily due to greater catastrophe losses, greater non-catastrophe weather losses and less favorable development in 2011. Net catastrophe losses increased to $93.2 million (11.6 points) for 2011 from $35.7 million (4.1 points) for 2010.

2,163

66,411

0

1

0

Yes

No

Negative

only_economic_flows

58

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

The commercial lines statutory combined ratio increased to 115.4% (excluding the impact of the pooling transfer) for the year ended December 31, 2011 from 102.3% for the year ended December 31, 2010. This increase was primarily due to unusually high catastrophe and non-catastrophe weather losses experienced in all four quarters of 2011. In the first quarter of 2011, unusually severe winter weather resulted in catastrophe and non-catastrophe losses that contributed to elevated loss activity, particularly in the Northeast and Mid-Atlantic regions. In the second quarter of 2011, all regions were significantly impacted by catastrophes, with the Southeast and Midwest regions being most adversely affected due to tornado and hail losses. In the third quarter of 2011, Hurricane Irene, Tropical Storm Lee, and other hail and windstorm events contributed to significant losses, particularly in the Northeast and Mid-Atlantic regions. In the fourth quarter of 2011, an unusual October snow event contributed to losses in the Mid-Atlantic and the Northeast regions. Catastrophe losses in the commercial lines represented 9.2 points of the combined ratio in calendar year 2011 compared to 2.6 points in calendar year 2010. The commercial automobile line of business also contributed to the overall increase in the commercial lines combined ratio in 2011. The increase in the commercial automobile combined ratio from 100.0% for the year ended December 31, 2010 to 105.4% for the year ended December 31, 2011 is primarily due to higher than expected frequency and severity in accident year 2011.

2,163

66,411

1

0

1

0

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Negative

only_economic_flows

59

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

The personal lines statutory combined ratio increased to 129.3% for the year ended December 31, 2011 from 103.5% for the year ended December 31, 2010. The increase in the personal lines combined ratio for the year ended December 31, 2011 is primarily due to higher catastrophe and non-catastrophe weather losses affecting property coverages during 2011. The unusually severe weather described for commercial lines also impacted personal lines during 2011. Catastrophe losses in the personal lines represented 18.3 points of the combined ratio in calendar year 2011 compared to 9.7 points in calendar year 2010. The personal automobile line of business also contributed to the overall increase in the personal lines combined ratio in 2011. The increase in the personal automobile combined ratio from 104.9% for the year ended December 31, 2010 to 119.4% for the year ended December 31, 2011 is primarily due to higher than expected frequency and severity in accident years 2010 and 2011.

2,163

66,411

0

1

0

Yes

No

Negative

only_economic_flows

60

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

Harleysville Group’s statutory combined ratio increased to 102.5% for the year ended December 31, 2010 from 99.8% for the year ended December 31, 2009. The increase in the combined ratio was primarily due to greater catastrophe losses and greater non-catastrophe property losses in 2010, partially offset by greater favorable development in 2010. Net catastrophe losses increased to $35.7 million (4.1 points) for 2010 from $6.2 million (0.7 points) for 2009. The 2010 catastrophe losses were primarily due to a series of severe winter storms in the first quarter and several wind and hail events during the second and third quarters.

2,163

66,411

1

0

1

0

Yes

No

Negative

only_economic_flows

61

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

Other income increased $2.8 million for the year ended December 31, 2010 compared to the prior year primarily due to an increase in fee income received in connection with the National Flood Insurance Program and an increase in management fees received from the Mutual Company.

2,163

66,411

0

1

0

1

0

No

null

62

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

If certain catastrophic events occur, including increased claims related to changing climate conditions, they could have a significant impact on our operating results and financial condition.

2,163

66,411

0

1

0

No

null

63

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

Results of property insurers are subject to weather and other events prevailing in any given year. While one year may be relatively free of major weather or other disasters, another year may have numerous such events causing results for that year to be materially worse than for other years.

2,163

66,411

0

1

0

No

null

64

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

Our insurance subsidiaries have experienced, and are expected in the future to experience, catastrophe losses. It is possible that a catastrophic event or a series of multiple catastrophic events could have a material adverse effect on the operating results and financial condition of our insurance subsidiaries, thereby limiting the ability of our insurance subsidiaries to pay dividends to us. The largest non-flood catastrophe to affect our results of operations was Hurricane Irene in the third quarter of 2011, which resulted in $28.0 million of losses. In 2010, we experienced losses totaling $37.7 million from twenty-seven different catastrophes. In 2011, we experienced losses totaling $91.5 million from twenty-five different catastrophes.

2,163

66,411

1

0

1

0

Yes

No

Yes

No

Negative

only_economic_flows

65

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

Various events can cause catastrophes, including severe winter weather, hurricanes, windstorms, earthquakes, hail, war, terrorism, explosions and fires. The frequency and severity of these catastrophes are inherently unpredictable. The extent of losses from a catastrophe is a function of both the total amount of insured exposures in the area affected by the event and the severity of the event.

2,163

66,411

1

0

1

0

No

null

66

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

We currently write flood insurance which is reinsured by the National Flood Insurance Program (the NFIP). There have been various legislative proposals to reform or terminate the NFIP. We cannot currently determine whether or in what form legislation may be adopted concerning the NFIP and the effect this may have on us.

2,163

66,411

0

1

0

1

0

No

null

67

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

•natural and man-made disasters;

2,163

66,411

0

1

0

No

null

68

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

natural and man-made disasters;

2,163

66,411

0

1

0

No

null

69

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

If adverse conditions in the eastern and midwestern United States exist, our business would be disproportionately impacted.

2,163

66,411

0

1

0

No

null

70

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

We primarily write property and casualty insurance business in the eastern and midwestern United States. Consequently, unusually severe storms or other natural or man-made disasters that destroy property in these states could materially adversely affect our operations. Our revenues and profitability also are subject to prevailing economic and regulatory conditions in the states in which we write insurance. We may be exposed to risks of adverse developments that are greater than if we conducted business nationwide.

2,163

66,411

1

0

1

0

No

null

71

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

Assumed and ceded written premiums for 2009 include $6,200,000 and assumed and ceded earned premiums for 2010 and 2009 include $5,280,000 and $920,000, respectively, for Harleysville Group’s share of flood insurance business the Mutual Company assumed from another carrier, which is ceded 100% to the National Flood Insurance Program.

2,163

66,411

0

1

0

1

0

No

null

72

./filings/2012/HGIC/2012-03-14_10-K_d277052d10k.htm

792,013

2,012

2012-03-14_10-K_d277052d10k.htm

2012-03-14

Pursuant to a Consolidated and Restated Compensation Allocation Agreement, Harleysville Group serves as the paymaster for the Harleysville companies, with each company being charged for its proportionate share of salary and employee benefits expense. This allocation is initially made as between the property/casualty insurer affiliates and the non-property/casualty insurer affiliates on the basis of time allocation. The collective amount allocated to all of the property/casualty insurer affiliates on the basis of time allocation is then reallocated among each property/casualty insurer affiliate on the basis of the following: premium volume, loss volume, investments, and such special studies acceptable to statutory accounting principals as may be mutually agreed upon by such insurers from time to time. These allocations are made prior to the application of the inter-company pooling agreement referenced below. On February 19, 2009, the Harleysville Group and the Mutual Company Boards of Directors approved the amendment of this Agreement to limit to pre-2009 levels the amount of Harleysville Group’s contributions to its now frozen employee defined benefit pension plan that are allocated back to its affiliates pursuant to the Agreement. Under this amendment, Harleysville Group will be allocated any excess that is contributed over the amount allocated to the affiliates. The amendment was approved by various state insurance departments. Additionally, pursuant to the Management Agreements, Harleysville Group (through a partnership comprised of wholly owned subsidiaries of Harleysville Group) provides administrative services to the Mutual Company in connection with the Mutual Company’s participation as a Write Your Own carrier in the National Flood Insurance Plan.

2,163

66,411

0

1

0

1

0

No

null

73

./filings/2012/HOT/2012-02-17_10-K_d258834d10k.htm

316,206

2,012

2012-02-17_10-K_d258834d10k.htm

2012-02-17

We continually update and renovate our owned, leased and consolidated joint venture hotels. While undergoing renovation, these hotels are generally not operating at full capacity and, as such, these renovations can negatively impact our owned hotel revenues and operating income. Other events, such as the occurrence of natural disasters may cause a full or partial closure or sale of a hotel, and such events can negatively impact our revenues and operating income. Finally, as we pursue our strategy of reducing our investment in owned real estate assets, the sale of such assets can significantly reduce our revenues and operating income from owned, leased and consolidated joint venture hotels.

1,517

47,131

0

1

0

No

null

74

./filings/2012/HOT/2012-02-17_10-K_d258834d10k.htm

316,206

2,012

2012-02-17_10-K_d258834d10k.htm

2012-02-17

•so-called acts of God such as earthquakes, hurricanes, floods or fires that could adversely impact a project;

1,517

47,131

1

0

1

0

1

No

null

75

./filings/2012/HOT/2012-02-17_10-K_d258834d10k.htm

316,206

2,012

2012-02-17_10-K_d258834d10k.htm

2012-02-17

so-called acts of God such as earthquakes, hurricanes, floods or fires that could adversely impact a project;

1,517

47,131

1

0

1

0

1

No

null

76

./filings/2012/HOT/2012-02-17_10-K_d258834d10k.htm

316,206

2,012

2012-02-17_10-K_d258834d10k.htm

2012-02-17

Disasters, Disruptions and Other Impairment of Our Information Technologies and Systems Could Adversely Affect our Business.Our business involves the processing, use, storage and transmission of personal information regarding our employees, customers, hotel owners, and vendors for various business purposes, including marketing and promotional purposes. The protection of personal as well as proprietary information is critical to us. We are subject to numerous laws and regulations designed to protect personal information, including Member State implementation of the European Union Directive on Data Protection and various U.S. federal and state laws. We have established policies and procedures to help protect the privacy and security of our information. However, every year the number of laws and regulations continues to grow, as does the complexity of such laws. Further, privacy regulations, on occasion, may be inconsistent from one jurisdiction to another. Compliance with applicable privacy regulations may increase our operating costs and/or adversely impact our ability to market our products, properties and services to our guests.

1,517

47,131

0

1

No

null

77

./filings/2012/HOT/2012-02-17_10-K_d258834d10k.htm

316,206

2,012

2012-02-17_10-K_d258834d10k.htm

2012-02-17

Our financial and operating performance may be adversely affected by so-called acts of God, such as natural disasters, in locations where we own and/or operate significant properties and areas of the world from which we draw a large number of customers. Similarly, wars (including the potential for war), terrorist activity (including threats of terrorist activity), political unrest and other forms of civil strife and geopolitical uncertainty have caused in the past, and may cause in the future, our results to differ materially from anticipated results. In 2011, our hotels in Syria, Tunisia, Libya and Egypt experienced reduced bookings as a result of the political climate in these countries. If these conditions do not improve, our financial results could be negatively impacted.

1,517

47,131

0

1

No

null

78

./filings/2012/HOT/2012-02-17_10-K_d258834d10k.htm

316,206

2,012

2012-02-17_10-K_d258834d10k.htm

2012-02-17

We carry insurance coverage for general liability, property, business interruption, and other risks with respect to our owned and leased properties and we make available insurance programs for owners of properties we manage. These policies offer coverage terms and conditions that we believe are usual and customary for our industry. Generally, our “all-risk” property policies provide that coverage is available on a per occurrence basis and that, for each occurrence, there is a limit as well as various sub-limits on the amount of insurance proceeds we will receive in excess of applicable deductibles. In addition, there may be overall limits under the policies. Sub-limits exist for certain types of claims such as service interruption, debris removal, expediting costs or landscaping replacement, and the dollar amounts of these sub-limits are significantly lower than the dollar amounts of the overall coverage limit. Our property policies also provide that for the coverage of critical earthquake (California and Mexico), hurricane and flood, all of the claims from each of our properties resulting from a particular insurable event must be combined together for purposes of evaluating whether the annual aggregate limits and sub-limits contained in our policies have been exceeded and any such claims will also be combined with the claims of owners of managed hotels that participate in our insurance program for the same purpose. Therefore, if insurable events occur that affect more than one of our owned hotels and/or managed hotels owned by third parties that participate in our insurance program, the claims from each affected hotel will be added together to determine whether the per occurrence limit, annual aggregate limit or sub-limits, depending on the type of claim, have been reached and if the limits or sub-limits are exceeded each affected hotel will only receive a proportional share of the amount of insurance proceeds provided for under the policy. In addition, under those circumstances, claims by third party owners will reduce the coverage available for our owned and leased properties.

1,517

47,131

1

0

1

No

null

79

./filings/2012/HOT/2012-02-17_10-K_d258834d10k.htm

316,206

2,012

2012-02-17_10-K_d258834d10k.htm

2012-02-17

hotels and the increase in management and franchise fees attributable to the increase in REVPAR as well as the net addition of 49 managed and franchised hotels to our system since the beginning of 2011. Additionally, residential sales at the St. Regis Bal Harbour favorably impacted 2011 operating income by $27 million. Operating income for the year ended December 31, 2011, as compared to 2010, was negatively impacted by a $70 million charge associated with an unfavorable legal decision in 2011, while 2010 benefited from a favorable settlement of a lawsuit of $75 million. Results were also negatively impacted by political unrest in the Middle East and North Africa, as well as the earthquake and tsunami in Japan.

1,517

47,131

0

1

0

No

null

80

./filings/2012/HOT/2012-02-17_10-K_d258834d10k.htm

316,206

2,012

2012-02-17_10-K_d258834d10k.htm

2012-02-17

During the year ended December 31, 2010, we recorded a net loss on dispositions of approximately $39 million, primarily related to a $53 million loss on the sale of one wholly-owned hotel (see Note 5) as well as a $4 million impairment of fixed assets that are being retired in connection with a significant renovation of a wholly-owned hotel, and a $2 million impairment on one hotel whose carrying value exceeded its fair value. These charges were partially offset by a gain of $14 million from insurance proceeds received for a claim at a wholly-owned hotel that suffered damage from a storm in 2008, a $5 million gain as a result of an acquisition of a

1,517

47,131

1

0

1

0

Yes

No

Reimbursement

asset

81

./filings/2012/HOT/2012-02-17_10-K_d258834d10k.htm

316,206

2,012

2012-02-17_10-K_d258834d10k.htm

2012-02-17

During the year ended December 31, 2010, we recorded a net loss on dispositions of approximately $39 million, primarily related to a $53 million loss on the sale of one wholly-owned hotel (see Note 5) as well as a $4 million impairment of fixed assets that were being retired in connection with a significant renovation of a wholly-owned hotel, and a $2 million impairment on one hotel whose carrying value exceeded its fair value. These charges were partially offset by a gain of $14 million from insurance proceeds received for a claim at a wholly-owned hotel that suffered damage from a storm in 2008, a $5 million gain as a result of an acquisition of a controlling interest in a joint venture in which we previously held a non-controlling interest (see Note 4) and a $4 million gain from the sale of non-hotel assets.

1,517

47,131

1

0

1

0

Yes

No

Reimbursement

asset

82

./filings/2012/HOT/2012-02-17_10-K_d258834d10k.htm

316,206

2,012

2012-02-17_10-K_d258834d10k.htm

2012-02-17

During the year ended December 31, 2010, the Company recorded a net loss on dispositions of approximately $39 million, primarily related to a $53 million loss on the sale of one wholly-owned hotel subject to a long-term management contract, a $4 million impairment of fixed assets that are being retired in connection with a significant renovation of a wholly-owned hotel, and a $2 million impairment on one hotel whose carrying value exceeded its fair value. These charges were partially offset by a gain of $14 million from insurance proceeds received for a claim at a wholly-owned hotel that suffered damage from a storm in 2008, a $5 million

1,517

47,131

1

0

1

0

Yes

No

Reimbursement

asset

83

./filings/2012/IDSM/2012-03-20_10-K_form10k.htm

1,035,422

2,012

2012-03-20_10-K_form10k.htm

2012-03-20

Mr. Zapanta was appointed to the Company’s Board of Directors on December 15, 2012. Mr. Zapanta was born in Los Angeles, CA and received an Associate of Arts degree from East Los Angeles College. He completed a Bachelor of Arts degree in Industrial Psychology, a Master of Arts in Public Administration and studies for a PhD in International Political Economics all at the University of Southern California. He also graduated from the Harvard Graduate School of Business and the Inter-American Defense College, National War College, in Washington, D.C.. Mr. Zapanta was the first U.S. senior officer appointed to lead a Peacekeeping Mission to the United Nations Referendum on the Western Sahara to serve with the USSR, People’s Republic of China, French and British military officers as the Chief of Staff. General Zapanta’s military record includes the award of the Silver Star, five Bronze Stars for Valor, the Purple Heart and thirty other awards during the Vietnam War. He was also recently awarded the Joint Service Commendation Medal for Desert Shield/Desert Storm, Restore Hope in Somalia and Restore Democracy in Haiti. Mr. Zapanta was appointed by the Governor of Virginia to the rank of Major General and achieved one of the highest ranks of any officer of Mexican descent in the US army. In the private sector, he worked as an industrial engineer for Bethlehem Steel, and as Director of Governmental Affairs for Atlantic Richfield Company (“ARCO”) until his retirement in 1993 after 18 years of service as a senior executive. During his time with ARCO, he was responsible for negotiations with PEMEX on oil and gas matters and the copper mines owned by Anaconda Copper Mining company, an acquisition of ARCO. He was the company’s representative to local, state and federal governments on oil and gas, environmental and transportation-related regulation and public affairs. Mr. Zapanta has held numerous Presidential appointments, including a White House fellow in 1973-74 and Assistant Secretary of the Interior for Management and Administration from 1976-77. He was appointed by President Ronald Reagan to the U.S. State Department Advisory Committee on International Trade Technology and Development from 1981-1987, and by President George W. Bush as a private sector delegate to the U.S.-Mexico Partnership for Prosperity from 2001 to the present. U.S. Secretary of Defense Donald H. Rumsfeld appointed him to serve as Chairman of the Reserve Forces Policy Board from 2002-2004. Mr, Zapanta retired from ARCO on January 2, 1993 and began work with the US-Mexico Chamber of Commerce on January 2, 1993. Mr. Zapanta owns 100% of a private coporation called Planning Inc. He is presently the President and CEO of the United States-Mexico Chamber of Commerce and is responsible for operations in eight regional offices in the United States and nine in Mexico. Mr. Zapanta is a Director of Tyson Foods Inc. (TSN:NYQ). Mr. Zapanta is 71 years old.

578

24,297

1

0

1

0

No

null

84

./filings/2012/IDVC/2012-04-13_10-K_infrast10k2011.htm

1,389,415

2,012

2012-04-13_10-K_infrast10k2011.htm

2012-04-13

The market for disaster relief and reconstruction efforts encompasses affected populations as well as rapidly deployable operation and residence bases for relief personnel. The need for this type of structure has been powerfully underscored by recent earthquakes and tsunamis. We believe that low-cost, readily transportable prefabricated structures are an ideal solution providing both immediate relief and long-term viability for disaster-affected areas, and are actively pursuing relationships with both relief agencies and governments of disaster-prone areas.

1,293

38,551

1

0

1

0

No

null

85

./filings/2012/IDVC/2012-04-13_10-K_infrast10k2011.htm

1,389,415

2,012

2012-04-13_10-K_infrast10k2011.htm

2012-04-13

·natural disasters, including those related to earthquakes and flooding;

1,293

38,551

0

1

0

1

No

null

86

./filings/2012/IMO/2012-02-27_10-K_d269075d10k.htm

49,938

2,012

2012-02-27_10-K_d269075d10k.htm

2012-02-27

Cold Lake

3,331

68,494

0

1

0

No

null

87

./filings/2012/IMO/2012-02-27_10-K_d269075d10k.htm

49,938

2,012

2012-02-27_10-K_d269075d10k.htm

2012-02-27

The company’s results of operations and financial condition are dependent on the prices it receives for its oil and natural gas production. Crude oil and natural gas prices are determined by global and North American markets and are subject to changing supply and demand conditions. These can be influenced by a wide range of factors including economic conditions, international political developments and weather. Disruptions to pipelines linking production to markets may reduce the price for that production or lead to curtailment of production. In the past, crude oil and natural gas prices have been volatile, and the company expects that volatility to continue. Any material decline in oil or natural gas prices could have a material adverse effect on the company’s operations, financial condition, proven reserves and the amount spent to develop oil and natural gas reserves.

3,331

68,494

0

1

No

null

88

./filings/2012/IMO/2012-02-27_10-K_d269075d10k.htm

49,938

2,012

2012-02-27_10-K_d269075d10k.htm

2012-02-27

The company’s activities in deep water oil and gas exploration are limited. However, there are operational risks inherent in oil and gas exploration and production activities, as well as the potential to incur substantial financial liabilities if those risks are not effectively managed. The ability to insure such risks is limited by the capacity of the applicable insurance markets, which may not be sufficient to cover the likely cost of a major adverse operating event such as a deepwater well blowout. Accordingly, the company’s primary focus is on prevention, including through its rigorous operations integrity management system. The company’s future results will depend on the continued effectiveness of these efforts.

3,331

68,494

0

1

No

null

89

./filings/2012/IMO/2012-02-27_10-K_d269075d10k.htm

49,938

2,012

2012-02-27_10-K_d269075d10k.htm

2012-02-27

Climate change

3,331

68,494

0

1

No

null

90

./filings/2012/IMO/2012-02-27_10-K_d269075d10k.htm

49,938

2,012

2012-02-27_10-K_d269075d10k.htm

2012-02-27

The world’s energy mix is highly diverse and will remain so through 2040. Oil is expected to remain the largest source of energy with its share remaining close to one-third in 2040. Coal is currently the second largest source of energy, but it is likely to lose that position to natural gas by approximately 2025. The share of natural gas is expected to exceed 25% by 2040, while the share of coal falls to less than 20 percent. Nuclear power is projected to grow significantly, albeit at a slower pace than otherwise expected in the aftermath of the Fukushima incident in Japan following the earthquake and tsunami in March 2011. Total renewable energy is likely to reach close to 15 percent of total energy by 2040, including biomass, hydro and geothermal at a combined share of about 11 percent. Total energy supplied from wind, solar and biofuels is expected to increase close to 500 percent from 2010 to 2040, reaching a combined share of approximately 4 percent of world energy.

3,331

68,494

0

1

0

No

null

91

./filings/2012/IMO/2012-02-27_10-K_d269075d10k.htm

49,938

2,012

2012-02-27_10-K_d269075d10k.htm

2012-02-27

Imperial produces crude oil and natural gas for sale into the North American markets. Crude oil and natural gas prices are determined by global and North American markets and are subject to changing supply and demand conditions. These can be influenced by a wide range of factors, including economic conditions, international political developments and weather. Prices for most of the company’s crude oil sold are set on West Texas Intermediate (WTI) oil markets, a common benchmark for mid-continent North American markets. In 2011, the average price of WTI crude oil diverged from historical pattern due to WTI market weakness and was markedly lower than that of Brent crude oil, a common benchmark for Atlantic Basin oil markets.

3,331

68,494

0

1

0

No

null

92

./filings/2012/IMO/2012-02-27_10-K_d269075d10k.htm

49,938

2,012

2012-02-27_10-K_d269075d10k.htm

2012-02-27

The downstream business environment is expected to continue being very competitive in the mature North America market. Over the prior 20-year period, inflation adjusted refining margins have been flat, reflecting an excess of refining capacity and an increase in regulatory-related policies. Crude oil, the primary raw material in a refinery operation, and its many refined products are widely traded with published international prices. Prices for these commodities are determined by the marketplace and are affected by many factors, including global and regional supply/demand balances, inventory levels, refinery operations, import/export balances, transportation logistics, currency fluctuations, seasonality and weather. The average prices the company paid for most of its crude oil processed at three of the company’s four refineries are set on WTI markets. In 2011, the average price of WTI crude oil diverged from historical pattern due to WTI market weakness and was markedly lower than that of Brent crude oil. Canadian wholesale prices of refined products in particular are largely determined by wholesale prices in adjacent U.S. regions. These prices and factors are continually monitored and provide input to operating decisions about which raw materials to buy, facilities to operate and products to make. However, there are no reliable indicators of future market factors that accurately predict changes in margins from period to period.

3,331

68,494

0

1

0

No

null

93

./filings/2012/INVX/2012-02-24_10-K_d265391d10k.htm

1,042,893

2,012

2012-02-24_10-K_d265391d10k.htm

2012-02-24

•operating interruptions (including explosions, fires, weather-related incidents, mechanical failure, unscheduled downtime, labor difficulties, transportation interruptions, spills and releases and other environmental risks);

1,108

34,455

0

1

0

No

null

94

./filings/2012/INVX/2012-02-24_10-K_d265391d10k.htm

1,042,893

2,012

2012-02-24_10-K_d265391d10k.htm

2012-02-24

operating interruptions (including explosions, fires, weather-related incidents, mechanical failure, unscheduled downtime, labor difficulties, transportation interruptions, spills and releases and other environmental risks);

1,108

34,455

0

1

0

No

null

95

./filings/2012/INVX/2012-02-24_10-K_d265391d10k.htm

1,042,893

2,012

2012-02-24_10-K_d265391d10k.htm

2012-02-24

•weather conditions.

1,108

34,455

0

1

No

null

96

./filings/2012/INVX/2012-02-24_10-K_d265391d10k.htm

1,042,893

2,012

2012-02-24_10-K_d265391d10k.htm

2012-02-24

weather conditions.

1,108

34,455

0

1

No

null

97

./filings/2012/INVX/2012-02-24_10-K_d265391d10k.htm

1,042,893

2,012

2012-02-24_10-K_d265391d10k.htm

2012-02-24

Certain matters relating to theDeepwater Horizonexplosion, subsequent oil spill, moratorium and related regulations on deepwater drilling offshore in the U. S. Gulf of Mexico may continue to adversely affect our business in the U.S. Gulf of Mexico and potentially in other worldwide locations.

1,108

34,455

0

1

No

null

98

./filings/2012/INVX/2012-02-24_10-K_d265391d10k.htm

1,042,893

2,012

2012-02-24_10-K_d265391d10k.htm

2012-02-24

Our business involves numerous operating hazards that may not be covered by insurance. The occurrence of an event not fully covered by insurance could have a material adverse effect on our financial position and results of operations.

1,108

34,455

0

1

No

null

99

./filings/2012/INVX/2012-02-24_10-K_d265391d10k.htm

1,042,893

2,012

2012-02-24_10-K_d265391d10k.htm

2012-02-24

Our products are used in potentially hazardous drilling, completion and production applications that can cause personal injury, product liability and environmental claims. In addition, certain areas where our products are used, including in and near the U.S. Gulf of Mexico, are close to high population areas and subject to hurricanes and other extreme weather conditions on a relatively frequent basis. A catastrophic occurrence at a location where our equipment and/or services are used may expose us to substantial liability for personal injury, wrongful death, product liability or commercial claims. To the extent available, we maintain insurance coverage that we believe is customary in the industry. Effective October 1, 2010, we increased our general liability insurance program to an aggregate coverage limit of $200 million for claims with respect to property damage, injury or death and pollution. However, our insurance policies may not cover fines, penalties or costs and expenses related to government-mandated clean up of pollution. In addition, our insurance does not provide coverage for all liabilities, and we cannot assure you that our insurance coverage will be adequate to cover claims that may arise or that we will be able to maintain adequate insurance at rates we consider reasonable. The occurrence of an event not fully covered by insurance could have a material adverse effect on our results of operations, financial position and cash flows.

1,108

34,455

1

0

1

No

null