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Advanced Medical Optics (EYE)
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EYE » Topics » Quest Vision Technology, Inc. (Quest)

This excerpt taken from the EYE 8-K filed Jun 6, 2006.

Quest Vision Technology, Inc. (Quest)

In June 2005, the Company acquired Quest, an optical medical device research and development company, for approximately $2.5 million. Approximately $2.3 million of the purchase price was expensed as IPR&D in the year ended December 31, 2005, as it represents the estimated fair value of projects that had not reached technological feasibility and had no alternative future use at the date of acquisition. The acquisition of Quest was not material to the historical consolidated financial position, results of operations or cash flows of the Company.

This excerpt taken from the EYE 10-Q filed Nov 8, 2005.

Quest Vision Technology, Inc. (Quest)

 

In June 2005, the Company acquired Quest, an optical medical device research and development company, for approximately $2.5 million. Approximately $2.3 million of the purchase price was expensed as IPR&D in the nine months ended September 30, 2005, as it represents the estimated fair value of projects that had not reached technological feasibility and had no alternative future use at the date of acquisition. The acquisition of Quest was not material to the historical consolidated financial position, results of operations or cash flows of the Company.

 

Note 3: Composition of Certain Financial Statement Captions

 

The components of inventories were as follows:

 

(In thousands)

    September 30,
2005
    December 31,
2004

Finished goods, including consignment inventory of $12,090 and $9,107 in 2005 and 2004, respectively

    $ 82,555    $ 69,928

Work in process

      10,523      6,942

Raw materials

      26,441      8,158
    
  
     $ 119,519    $ 85,028
    
  

 

The components of amortizable intangibles and goodwill were as follows:

 

This excerpt taken from the EYE 10-Q filed Aug 1, 2005.

Quest Vision Technology, Inc. (Quest)

 

In June 2005, the Company acquired Quest, an optical medical device research and development company, for approximately $2.5 million. Approximately $2.3 million of the purchase price was expensed as IPR&D in the three months ended June 24, 2005, as it represents the estimated fair value of projects that had not reached technological feasibility and had no alternative future use at the date of acquisition. The acquisition of Quest was not material to the historical consolidated financial position, results of operations or cash flows of the Company.

 

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Table of Contents

Advanced Medical Optics, Inc.

Notes to Unaudited Condensed Consolidated Financial Statements

 

Note 3: Composition of Certain Financial Statement Captions

 

The components of inventories were as follows:

 

(In thousands)    June 24,
2005
    December 31,
2004

Finished goods, including consignment inventory of $14,065 and $9,107 in 2005 and 2004, respectively

    $ 83,027    $ 69,928

Work in process

      13,087      6,942

Raw materials

      25,140      8,158
    
  
     $ 121,254    $ 85,028
    
  

 

The components of amortizable intangibles and goodwill were as follows:

 

EXCERPTS ON THIS PAGE:

8-K
Jun 6, 2006
10-Q
Nov 8, 2005
10-Q
Aug 1, 2005

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