EYE » Topics » Concentration of Suppliers

These excerpts taken from the EYE 10-K filed Feb 24, 2009.

Concentration of Suppliers

The Company depends on a limited number of suppliers, which typically include contract manufacturers, subcontractors and third-party vendors, for raw materials, packaging, components, assemblies and certain finished goods. These items are normally purchased through standard purchase orders or short-term supply agreements. The Company’s business, results of operations and cash flows could be adversely affected by events including, but not limited to, an unforeseen delay of supply, work stoppage, product design changes, regulatory changes, deterioration of quality of procured items or circumstances that limit the Company’s ability to negotiate competitive pricing on its purchases. There can be no assurance that the Company will be able to successfully maintain a sufficient safety stock of its products or to guard against supply disruptions if an adverse event were to occur.

Concentration of Suppliers

FACE="Times New Roman" SIZE="2">The Company depends on a limited number of suppliers, which typically include contract manufacturers, subcontractors and third-party vendors, for raw materials, packaging, components, assemblies and certain finished
goods. These items are normally purchased through standard purchase orders or short-term supply agreements. The Company’s business, results of operations and cash flows could be adversely affected by events including, but not limited to, an
unforeseen delay of supply, work stoppage, product design changes, regulatory changes, deterioration of quality of procured items or circumstances that limit the Company’s ability to negotiate competitive pricing on its purchases. There can be
no assurance that the Company will be able to successfully maintain a sufficient safety stock of its products or to guard against supply disruptions if an adverse event were to occur.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%">Property, Plant and Equipment

SIZE="2">Property, plant and equipment are stated at cost. Additions, major renewals and improvements are capitalized, while maintenance and repairs are expensed. For financial reporting purposes, depreciation is generally provided on the
straight-line method over the useful lives of the related assets, which are 20 to 40 years for buildings and improvements and from 2 to 15 years for machinery and equipment. Leasehold improvements are amortized over the life of the related facility
lease or the asset, whichever is shorter. Accelerated depreciation methods are generally used for income tax purposes.

Concentration of Suppliers

FACE="Times New Roman" SIZE="2">The Company depends on a limited number of suppliers, which typically include contract manufacturers, subcontractors and third-party vendors, for raw materials, packaging, components, assemblies and certain finished
goods. These items are normally purchased through standard purchase orders or short-term supply agreements. The Company’s business, results of operations and cash flows could be adversely affected by events including, but not limited to, an
unforeseen delay of supply, work stoppage, product design changes, regulatory changes, deterioration of quality of procured items or circumstances that limit the Company’s ability to negotiate competitive pricing on its purchases. There can be
no assurance that the Company will be able to successfully maintain a sufficient safety stock of its products or to guard against supply disruptions if an adverse event were to occur.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%">Property, Plant and Equipment

SIZE="2">Property, plant and equipment are stated at cost. Additions, major renewals and improvements are capitalized, while maintenance and repairs are expensed. For financial reporting purposes, depreciation is generally provided on the
straight-line method over the useful lives of the related assets, which are 20 to 40 years for buildings and improvements and from 2 to 15 years for machinery and equipment. Leasehold improvements are amortized over the life of the related facility
lease or the asset, whichever is shorter. Accelerated depreciation methods are generally used for income tax purposes.

This excerpt taken from the EYE 10-K filed Mar 3, 2008.

Concentration of Suppliers

The Company depends on a limited number of suppliers, which typically include contract manufacturers, subcontractors and third-party vendors, for raw materials, packaging, components, assemblies and certain finished goods. These items are normally purchased through standard purchase orders or short-term supply agreements. The Company’s business, results of operations and cash flows could be adversely affected by events including, but not limited to, an unforeseen delay of supply, work stoppage, product design changes, regulatory changes, deterioration of quality of procured items or circumstances that limit the Company’s ability to negotiate competitive pricing on its purchases. There can be no assurance that the Company will be able to successfully maintain a sufficient safety stock of its products or to guard against supply disruptions if an adverse event were to occur.

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