Property, plant and equipment are generally depreciated on a straight-line basis over estimated economic useful lives.Market Capitalization Reflects the total market value of a company.Plaintiffs allege claims individually and on behalf of a purported nationwide collective class under the Fair Labor Standards Act, which we refer to as the FSLA, from April 9, 2010 to present.Fees to KPMG Audit Fees For professional services rendered for the audit of our consolidated financial statements for the 191-day period ended July 10, 2013, the review of the consolidated financial statements included in our.In 2013, no directors participated in our Deferred Compensation Plan.
T-Mobile, Sprint Will Expand Market Share in 2017In 2013, the FCC issued a proposed mandatory data collection effort which is expected to be completed in 2014.
We perform interest rate sensitivity analyses on our variable rate debt.These judgments are based on our historical experience, terms of existing contracts, observance of trends in the industry, information provided by our subscribers and information available from other outside sources, as appropriate.As a result, our business information, or subscriber or supplier data may be lost, disclosed, accessed, used, corrupted, destroyed or taken without consent.The remaining costs associated with operating the Wireless segment include the costs to operate our customer care organization and administrative support.For 2013, the plan permitted participants to defer up to 50% of base salary and up to 75% of their STIC plan payout.Our plan provides for a matching contribution using the same matching contribution percentage as our 401(k) plan of eligible earnings above the applicable annual limit, which is intended to compensate highly-compensated employees for limitations placed on our 401(k) plan by federal tax law.In April 2013, Kenneth Lindsay, a former employee and others, filed a purported collective class action lawsuit in U.S. District Court for the District of Minnesota, against Clear Wireless LLC and Workforce Logic LLC.
Therefore, we primarily access EBS spectrum through long-term leasing arrangements with EBS license holders.Although we cannot assess with certainty the impact of any future compliance and remediation obligations, we do not believe that any such expenditures will adversely affect our financial condition or results of operations.However, subscribers could re-apply prior to being deactivated and also had the ability to receive by-the-minute service at their own expense.The FCC is currently reviewing the accuracy standards for the provision of wireless 911 services indoors and may impose additional obligations.In addition, the existence of a controlling stockholder of Sprint may have the effect of making it more difficult for a third-party to acquire, or discouraging a third-party from seeking to acquire, the Company.Persons subject to the stock ownership guidelines have five years beginning on the date on which the person becomes subject to the ownership guidelines to achieve the ownership requirement.Each license is subject to build-out requirements, which we have met in all of our MTA and BTA markets.We do not anticipate paying any cash dividends in the foreseeable future.
First Supplemental Indenture, dated November 9, 2011, by and between Sprint Nextel Corporation and The Bank of New York Mellon Trust Company, N.A.Due to the inherent uncertainty of the timing of the resolution of the underlying tax positions, it is not practicable to assign this liability to any particular year(s) in the table.As a result of the Sprint Acquisition and the resulting change in ownership and control, the acquisition method of accounting was applied by Sprint, pushed-down to us and included in our consolidated financial statements for all periods presented subsequent to the Acquisition Date.Inherent in such policies are certain key assumptions and estimates made by management.
Substantially all Sprint platform net additions in 2012 and approximately 508,000 in 2011 represented postpaid subscribers that deactivated service on the Nextel platform.He has extensive experience in developing and implementing strategies and policies for the acquisition and development of employee talent. Mr. Claure was selected because of his experience making Brightstar one of the largest global distribution, services, and innovation companies in the telecommunications industry.
The fair value of each restricted stock unit award is calculated using the share price at the date of grant.Our existing Unlimited, My Way SM and My All-in SM plans with the Unlimited Guarantee SM continue to provide simplicity to subscribers.We cannot predict the outcome of any of these matters or their potential impact on our business.Subsequent Events F-47 F-9 Table of Contents Index to Consolidated Financial Statements SPRINT CORPORATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 1.
Accordingly, unrealized holding gains and losses on these securities are recognized in accumulated other comprehensive loss, net of related income tax.The tally sheets also set forth the estimated value that each of our named executive officers would realize upon termination under various scenarios.The two six-month performance periods for 2013 provided flexibility to revisit the performance criteria at mid-year due to the anticipated transformative SoftBank Merger in 2013.We do not expect the resolution of these cases to have a material adverse effect on our financial position or results of operations.
We expect Sprint platform postpaid ARPU to decline during 2014 as a result of the launch of the Framily plan which was launched in January 2014 and Sprint Easy Pay, however, we also expect reduced equipment net subsidy expense to offset these declines.Actual results may differ materially from those in the forward-looking statements.Allocations of the purchase price for acquisitions or mergers are based on estimates of the fair value of the net assets acquired as discussed above, and are subject to finalization of the purchase price allocation during the measurement period.These factors could have a material impact on our financial statements, the presentation of our financial condition, changes in financial condition or results of operations.Significant Transactions for additional information regarding the SoftBank Merger.We cease to recognize investee losses when our investment basis is zero.Goodwill resulting from the SoftBank Merger is allocated to the Wireless segment, substantially all of which is not expected to be deductible for income tax purposes.
The determination of the estimated fair value of goodwill required judgment and was based upon numerous assumptions and estimates.In addition, each RSU granted after December 17, 2012, which we refer to as an Unvested 2013 RSU, was converted into a right to receive a cash payment equal to the product of the Merger Consideration, without interest, and the number of shares of Class A Common Stock subject to such Unvested 2013 RSU, each of which we refer to as a 2013 Restricted Cash Account.Amounts in the CIC column assume a qualifying termination in connection with a subsequent change in control occurring after July 24, 2013. 90 Table of Contents Without Cause or For Good Reason (1).Network costs primarily represent switch and cell site costs and interconnection costs, which generally consist of per-minute usage fees and roaming fees paid to other carriers.Eligible compensation under the Qualified Plan is equal to the sum of base salary, certain annual short term incentive compensation, sales commissions and sales bonus compensation, including any amounts deferred under applicable deferred compensation plans, subject to annual compensation limits under the Internal Revenue Code.There were three cases filed in state court in King County, Washington, and those cases have been dismissed with prejudice.The balance is due to changes in other current assets and liabilities.The table above also includes other obligations we have that include minimum purchase commitments with certain suppliers over time for goods and services regardless of whether suppliers fully deliver them.In particular, the FCC imposes significant regulation on licensees of wireless spectrum with respect to how radio spectrum is used by licensees, the nature of the services that licensees may offer and how the services may be offered, and resolution of issues of interference between spectrum bands.
In determining whether an intangible asset, other than goodwill, is indefinite-lived, we consider the expected use of the assets, the regulatory and economic environment within which they are being used, and the effects of obsolescence on their use.Access Charge Reform ILECs and competitive local exchange carriers (CLECs) impose access charges for the origination and termination of long distance calls upon wireless and long distance carriers, including our Wireless and Wireline segments.
Long-Lived Asset Impairment Sprint evaluates long-lived assets, including intangible assets subject to amortization, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable.Before becoming the President and Chief Executive Officer in December 2007, Mr.Assumed contracts may have favorable or unfavorable terms that must be valued as of the acquisition or merger date.The debt discount will be accreted from the date of issuance through the stated maturity into Interest expense on the consolidated statements of operations on a straight-line basis.Sprint said it is expects to cover 250 million people with 4G LTE by mid-year and also announced Spark in Provo, Utah, and Trenton, N.J. Wireless carrier.Certain indentures that govern our outstanding notes also require compliance with various covenants, including covenants that limit the ability of the Company and its subsidiaries to sell all or substantially all of its assets, and limit the ability of the Company and its subsidiaries to incur indebtedness and liens, each as defined by the terms of the indentures and supplemental indentures.The fair value of each option award is estimated on the grant date using the Black-Scholes option valuation model, based on several assumptions including the risk-free interest rate, volatility, expected dividend yield and expected term.Audit Committee Sprint has a standing Audit Committee established in accordance with the requirements of the Exchange Act.The amount of such compensation is not limited by the Internal Revenue Code annual compensation limits.