BARE » Topics » 3. Inventories

These excerpts taken from the BARE 10-K filed Feb 26, 2009.

Inventories

Inventories consist of finished goods and work in process and are stated at the lower of cost or market. Work in process includes inventory in our distribution centers related to the kitting of assembly orders. Cost is determined on a weighted-average basis. We regularly monitor inventory quantities on hand and record write-downs for excess and obsolete inventories and shrinkage based primarily on our estimated forecast of product demand and production requirements. This methodology is significantly affected by our sales forecast. If actual demand were to be substantially lower than estimated, additional write-downs and write-offs for excess or obsolete inventories may be required.

Inventories

Inventories consist of finished goods and work in process and are stated at the lower of cost or market. Work in process includes inventory in our distribution centers related to the kitting of assembly orders. Cost is determined on a weighted-average basis. The Company regularly monitors inventory quantities on hand and records write-downs for excess and obsolete inventories based primarily on the Company’s estimated forecast of product demand and production requirements. Such write-downs establish a new cost basis of accounting for the related inventory. Actual inventory losses may differ from management’s estimates, and such differences could be material to the Company’s consolidated financial position, results of operations, and cash flows.

4. Inventories

Inventories consisted of the following (in thousands):

 

     December 28,
2008
   December 30,
2007

Work in process

   $ 14,058    $ 3,007

Finished goods

     78,518      56,636
             
   $ 92,576    $ 59,643
             

 

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Table of Contents

BARE ESCENTUALS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

 

4.
Inventories

Inventories consisted of the following (in thousands):

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 


























































   December 28,
2008
  December 30,
2007

Work in process

  $14,058  $3,007

Finished goods

   78,518   56,636
        
  $92,576  $59,643
        

 


76







Table of Contents


BARE ESCENTUALS, INC.

FACE="Times New Roman" SIZE="2">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

 

FACE="Times New Roman" SIZE="2">5. Property and Equipment, Net

Property and equipment, net, consisted of the following (in
thousands):

 














































































































































   December 28,
2008
  December 30,
2007
 

Furniture and equipment

  $16,749  $8,719 

Computers and software

   22,347   13,890 

Leasehold improvements

   45,959   28,291 
         
   85,055   50,900 

Accumulated depreciation and amortization

   (17,285)  (9,369)
         
   67,770   41,531 

Construction-in-progress

   3,387   2,345 
         

Property and equipment, net

  $71,157  $43,876 
         
This excerpt taken from the BARE 10-Q filed May 9, 2008.

4.              Inventories

 

Inventories consisted of the following (in thousands):

 

 

 

March 30,
2008

 

December 30,
2007

 

Raw materials and components

 

$

2,667

 

$

3,007

 

Finished goods

 

66,902

 

56,636

 

 

 

$

69,569

 

$

59,643

 

 

These excerpts taken from the BARE 10-K filed Feb 28, 2008.

4. Inventories

        Inventories consisted of the following (in thousands):

 
  December 30,
2007

  December 31,
2006

Raw materials and components   $ 3,007   $ 2,737
Finished goods     56,636     59,269
   
 
    $ 59,643   $ 62,006
   
 

81


BARE ESCENTUALS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

4. Inventories



        Inventories consisted of the following (in thousands):





















































 
 December 30,

2007

 December 31,

2006

Raw materials and components $3,007 $2,737
Finished goods  56,636  59,269
  
 
  $59,643 $62,006
  
 



81








BARE ESCENTUALS, INC.



NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)




This excerpt taken from the BARE 10-Q filed Nov 14, 2007.

4.              Inventories

 

Inventories consisted of the following (in thousands):

 

 

 

September 30,
2007

 

December 31,
2006

 

Raw materials and components

 

$

2,924

 

$

2,737

 

Finished goods

 

59,692

 

59,269

 

 

 

$

62,616

 

$

62,006

 

 

This excerpt taken from the BARE 10-Q filed Aug 14, 2007.

4.              Inventories

Inventories consisted of the following (in thousands):

 

July 1,
2007

 

December 31,
2006

 

Raw materials and components

 

$

3,179

 

$

2,737

 

Finished goods

 

52,863

 

59,269

 

 

 

$

56,042

 

$

62,006

 

 

This excerpt taken from the BARE 10-Q filed May 14, 2007.

3.              Inventories

Inventories consisted of the following (in thousands):

 

April 1,
2007

 

December 31,
2006

 

Raw materials and components

 

$

3,131

 

$

2,737

 

Finished goods

 

56,136

 

59,269

 

 

 

$

59,267

 

$

62,006

 

 

This excerpt taken from the BARE 10-K filed Mar 30, 2007.

Inventories

Inventories consist of finished goods and raw materials and are stated at the lower of cost or market. Cost is determined on a weighted-average basis. The Company regularly monitors inventory quantities on hand and records write-downs for excess and obsolete inventories based primarily on the Company’s estimated forecast of product demand and production requirements. Such write-downs establish a new cost

73




BARE ESCENTUALS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

basis of accounting for the related inventory. Actual inventory losses may differ from management’s estimates, and such differences could be material to the Company’s consolidated financial position, results of operations, and cash flows.

This excerpt taken from the BARE 10-Q filed Nov 15, 2006.

3.              Inventories

Inventories consisted of the following (in thousands):

 

October 1,
2006

 

January 1,
2006

 

Raw materials and components

 

$

3,442

 

$

1,679

 

Finished goods

 

55,602

 

32,652

 

 

 

$

59,044

 

$

34,331

 

 

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