AIMC » Topics » Revenue Recognition

This excerpt taken from the AIMC 10-K filed Mar 9, 2010.
Revenue Recognition
 
Product revenues are recognized, net of sales tax collected, at the time title and risk of loss pass to the customer, which generally occurs upon shipment to the customer. Product return reserves are accrued at the time of sale based on the historical relationship between shipments and returns, and are recorded as a reduction of net sales.
 
Certain large distribution customers receive quantity discounts which are recognized net at the time the sale is recorded.
 
This excerpt taken from the AIMC 8-K filed Nov 5, 2009.
Revenue
Recognition



 



Product revenues are recognized, net of sales tax collected, at
the time title and risk of loss pass to the customer, which
generally occurs upon shipment to the customer. Service revenues
are recognized as services are performed. Amounts billed for
shipping and handling are recorded as revenue. Product return
reserves are accrued at the time of sale based on the historical
relationship between shipments and returns, and are recorded as
a reduction of net sales.


 



Certain large distribution customers receive quantity discounts
which are recognized net at the time the sale is recorded.


 




These excerpts taken from the AIMC 10-K filed Mar 6, 2009.
Revenue Recognition
 
Product revenues are recognized, net of sales tax collected, at the time title and risk of loss pass to the customer, which generally occurs upon shipment to the customer. Service revenues are recognized as services are performed. Amounts billed for shipping and handling are recorded as revenue. Product return reserves are accrued at the time of sale based on the historical relationship between shipments and returns, and are recorded as a reduction of net sales.


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Table of Contents

 
ALTRA HOLDINGS, INC.
 
Notes to Consolidated Financial Statements — (Continued)
 
Certain large distribution customers receive quantity discounts which are recognized net at the time the sale is recorded.
 
Revenue
Recognition



 



Product revenues are recognized, net of sales tax collected, at
the time title and risk of loss pass to the customer, which
generally occurs upon shipment to the customer. Service revenues
are recognized as services are performed. Amounts billed for
shipping and handling are recorded as revenue. Product return
reserves are accrued at the time of sale based on the historical
relationship between shipments and returns, and are recorded as
a reduction of net sales.





56





Table of Contents





 




ALTRA
HOLDINGS, INC.




 




Notes to
Consolidated Financial
Statements — (Continued)


 



Certain large distribution customers receive quantity discounts
which are recognized net at the time the sale is recorded.


 




These excerpts taken from the AIMC 10-K filed Mar 17, 2008.
Revenue Recognition
 
Product revenues are recognized, net of sales tax collected, at the time title and risk of loss pass to the customer, which generally occurs upon shipment to the customer. Service revenues are recognized as services are performed. Amounts billed for shipping and handling are recorded as revenue. Product return reserves are accrued at the time of sale based on the historical relationship between shipments and returns, and are recorded as a reduction of net sales.
 
Certain large distribution customers receive quantity discounts which are recognized net at the time the sale is recorded.
 
Revenue
Recognition



 



Product revenues are recognized, net of sales tax collected, at
the time title and risk of loss pass to the customer, which
generally occurs upon shipment to the customer. Service revenues
are recognized as services are performed. Amounts billed for
shipping and handling are recorded as revenue. Product return
reserves are accrued at the time of sale based on the historical
relationship between shipments and returns, and are recorded as
a reduction of net sales.


 



Certain large distribution customers receive quantity discounts
which are recognized net at the time the sale is recorded.


 




This excerpt taken from the AIMC 8-K filed May 14, 2007.
Revenue Recognition
 
The Company’s revenue recognition policies are in compliance with Staff Accounting Bulletin No. 104 “Revenue Recognition in Financial Statements” issued by the Securities and Exchange Commission. Revenue is recognized at the time product is shipped and title passes pursuant to the terms of the agreement with the customer, the amount due from the customer is fixed and collectibility of the related receivable is reasonably assured. The Company establishes allowances to cover anticipated doubtful accounts, sales discounts, product warranty, and returns based upon historical experience. Shipping and handling costs charged to customers are included as a component of net sales. Shipping and handling costs incurred in the delivery of products to customers were $6,743, $6,402 and $6,747 for fiscal 2006, 2005 and 2004, respectively, and are included as a component of selling, general and administrative expenses.
 
This excerpt taken from the AIMC 10-K filed Mar 30, 2007.
Revenue Recognition
 
Product revenues are recognized, net of sales tax collected, at the time title and risk of loss pass to the customer, which generally occurs upon shipment to the customer. Service revenues are recognized as services are performed. Amounts billed for shipping and handling are recorded as revenue. Product return reserves are accrued at the time of sale based on the historical relationship between shipments and returns, and are recorded as a reduction of net sales.
 
Certain large distribution customers receive quantity discounts which are recognized net at the time the sale is recorded.
 
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