Print Page  |  Close Window

SEC Filings

10-Q
TERRAFORM GLOBAL, INC. filed this Form 10-Q on 06/27/2017
Entire Document
 

The following tables present the changes in each component of accumulated other comprehensive loss and the related tax effects for the three months ended March 31, 2017 and 2016:
 
Three Months Ended March 31, 2017
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
Foreign currency translation adjustments:
$
12,581

 
$

 
$
12,581

Unrealized gain (loss) on hedging instruments
(2,468
)
 
692

 
(1,776
)
Net other comprehensive income (loss)
$
10,113

 
$
692

 
$
10,805

Less: Other comprehensive income attributable to non-controlling interests, net of tax
 
 
 
 
4,759

Other comprehensive income attributable to Class A stockholders
 
 
 
 
$
6,046

 
Three Months Ended March 31, 2016
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
Foreign currency translation adjustments:
$
4,560

 
$

 
$
4,560

Unrealized gain (loss) on hedging instruments
(14,463
)
 

 
(14,463
)
Net other comprehensive income (loss)
$
(9,903
)
 
$

 
$
(9,903
)
Less: Other comprehensive income attributable to non-controlling interests, net of tax
 
 
 
 
(7,847
)
Other comprehensive income attributable to Class A stockholders
 
 
 
 
$
(2,056
)
19. SUBSEQUENT EVENTS
Nasdaq Compliance
Periodic Reports
On March 20, 2017, the Company received a notification letter from a Hearings Advisor from the Nasdaq Office of General Counsel informing the Company that the hearings panel granted the Company's request for an extension until June 30, 2017 to regain compliance with Nasdaq’s continued listing requirements with respect to its Form 10-K for the year ended December 31, 2016 and its Form 10-Q for the first quarter of 2017. The hearings panel reserved the right to reconsider the terms of the extension and the Nasdaq Listing and Hearing Review Council may determine to review the hearing panel’s decision.
On May 15, 2017, the Company received a notification letter from a Senior Director of Nasdaq Listing Qualifications stating that because the Company has not yet filed its Form 10-Q for the period ended March 31, 2017, this serves as an additional basis for delisting the Company’s securities from the Nasdaq Stock Market under Nasdaq Listing Rule 5250(c)(1).
2016 Annual Meeting
Nasdaq Listing Rule 5620(a) (the "Annual Meeting Rule") requires the Company to hold an annual meeting of shareholders within twelve months of the end for the Company's fiscal year. Because the Company did not hold an annual meeting during 2016, the Company is not in compliance with the Annual Meeting Rule. On January 4, 2017, the Company received a notification letter from a Senior Director of Nasdaq Listing Qualification, which stated that the Company's failure to hold its annual meeting by December 31, 2016 serves as an additional basis for delisting the Company's securities and that the hearings panel would consider this matter in their decision regarding the Company's continued listing on the Nasdaq Global Select Market. On January 11, 2017, the Company submitted a response requesting an extension to hold an annual meeting and regain compliance with the Annual Meeting Rule.
On March 20, 2017, the Company received a notification letter from a Hearings Advisor from the Nasdaq Office of General Counsel informing the Company that the hearings panel granted the Company's request for an extension until June 30, 2017 to regain compliance with Nasdaq’s continued listing requirements with respect to holding its annual meeting during the year ended December 31, 2016. The hearing panel reserved the right to reconsider the terms of the extension and the Nasdaq Listing and Hearing Review Council may determine to review the hearing panel’s decision.
On June 15, 2017, the Company announced that its annual meeting of stockholders for 2017 had been scheduled for June 29, 2017.

46