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This excerpt taken from the BBBY 10-K filed May 12, 2009. Inventory
Valuation:
Merchandise inventories are stated at the lower of cost or market. Inventory
costs for BBB and Harmon are calculated using the weighted average retail
inventory method and inventory costs for CTS are calculated using the first in
first out cost method. Beginning on March 2,
2008 inventory costs for buybuy BABY are calculated using the weighted average
retail inventory method, whereas previously, they were calculated using the
first in first out cost method. The impact of the change in the method of
accounting was not material to the Company’s consolidated financial statements.
Under the retail inventory method, the valuation of inventories at cost and the resulting gross margins are calculated by applying a cost to retail ratio to the retail values of inventories. The cost associated with determining the cost to retail ratio includes: merchandise purchases, net of returns to vendors, discounts and volume and incentive rebates; inbound freight expenses; duty, insurance and commissions.
At any one time, inventories include items that have been written down to the Company’s best estimate of their realizable value. Judgment is required in estimating realizable value and factors considered are the age of merchandise and anticipated demand. Actual realizable value could differ materially from this estimate based upon future customer demand or economic conditions.
The Company estimates its reserve for shrinkage throughout the year based on historical shrinkage and any current trends, if applicable. Actual shrinkage is recorded at year end based upon the results of the Company’s physical inventory counts for locations at which counts were conducted. For locations where physical inventory counts were not conducted in the fiscal year, an estimated shrink reserve is recorded based on historical shrinkage and any current trends, if applicable. Historically, the Company’s shrinkage has not been volatile.
The Company accrues for merchandise in transit once it takes legal ownership and title to the merchandise; as such, an estimate for merchandise in transit is included in the Company’s merchandise inventories.
This excerpt taken from the BBBY 10-K filed Apr 28, 2009. Inventory
Valuation:
Merchandise inventories are stated at the lower of cost or market. Inventory
costs for BBB and Harmon are calculated using the weighted average retail
inventory method and inventory costs for CTS are calculated using the first in
first out cost method. Beginning on March 2,
2008 inventory costs for buybuy BABY are calculated using the weighted average
retail inventory method, whereas previously, they were calculated using the
first in first out cost method. The impact of the change in the method of
accounting was not material to the Company’s consolidated financial statements.
Under the retail inventory method, the valuation of inventories at cost and the resulting gross margins are calculated by applying a cost to retail ratio to the retail values of inventories. The cost associated with determining the cost to retail ratio includes: merchandise purchases, net of returns to vendors, discounts and volume and incentive rebates; inbound freight expenses; duty, insurance and commissions.
At any one time, inventories include items that have been written down to the Company’s best estimate of their realizable value. Judgment is required in estimating realizable value and factors considered are the age of merchandise and anticipated demand. Actual realizable value could differ materially from this estimate based upon future customer demand or economic conditions.
The Company estimates its reserve for shrinkage throughout the year based on historical shrinkage and any current trends, if applicable. Actual shrinkage is recorded at year end based upon the results of the Company’s physical inventory counts for locations at which counts were conducted. For locations where physical inventory counts were not conducted in the fiscal year, an estimated shrink reserve is recorded based on historical shrinkage and any current trends, if applicable. Historically, the Company’s shrinkage has not been volatile.
The Company accrues for merchandise in transit once it takes legal ownership and title to the merchandise; as such, an estimate for merchandise in transit is included in the Company’s merchandise inventories.
This excerpt taken from the BBBY 10-Q filed Jan 8, 2009. Inventory
Valuation: On March 2, 2008, the Company changed its
method for buybuy BABY from the first in first out cost method to the weighted
average retail inventory method as the Company continues to integrate systems.
The impact was not material to the Company’s consolidated financial statements.
This excerpt taken from the BBBY 10-Q filed Oct 9, 2008. Inventory
Valuation: On March 2, 2008, the Company changed its
method for buybuy BABY from the first in first out cost method to the weighted
average retail inventory method as the Company continues to integrate systems.
The impact was not material to the Company’s consolidated financial statements.
This excerpt taken from the BBBY 10-Q filed Jul 10, 2008. Inventory Valuation: On March 2,
2008, the Company changed its method for buybuy BABY from the first in first
out cost method to the weighted average retail inventory method as the Company
continues to integrate systems. The impact was not material to the Company’s
consolidated financial statements.
This excerpt taken from the BBBY 10-K filed Apr 30, 2008. Inventory
Valuation:
Merchandise inventories are stated at the lower of cost or market. Inventory
costs for BBB and Harmon are calculated using the weighted average retail inventory
method and inventory costs for CTS and buybuy BABY are calculated using the
first in first out cost method.
Under the retail inventory method, the valuation of inventories at cost and the resulting gross margins are calculated
21
by applying a cost to retail ratio to the retail values of inventories. The cost associated with determining the cost to retail ratio includes: merchandise purchases, net of returns to vendors, discounts and volume and incentive rebates; inbound freight expenses; duty, insurance and commissions.
At any one time, inventories include items that have been written down to the Company’s best estimate of their realizable value. Judgment is required in estimating realizable value and factors considered are the age of merchandise and anticipated demand. Actual realizable value could differ materially from this estimate based upon future customer demand or economic conditions.
The Company estimates its reserve for shrinkage throughout the year, based on historical shrinkage and any current trends, if applicable. Actual shrinkage is recorded at year end based upon the results of the Company’s physical inventory count. Historically, the Company’s shrinkage has not been volatile.
The Company accrues for merchandise in transit once it takes legal ownership and title to the merchandise; as such, an estimate for merchandise in transit is included in the Company’s merchandise inventories.
This excerpt taken from the BBBY 10-Q filed Jan 10, 2008. Inventory Valuation: Merchandise inventories
continue to be stated at the lower of cost or market. Inventory costs for
buybuy BABY, acquired in March 2007, are calculated using the first-in,
first-out cost method.
This excerpt taken from the BBBY 10-Q filed Oct 9, 2007. Inventory Valuation: Merchandise inventories continue to be stated
at the lower of cost or market. Inventory costs for buybuy BABY, acquired in
March 2007, are calculated using the first-in, first-out cost method.
This excerpt taken from the BBBY 10-Q filed Jul 11, 2007. Inventory Valuation: Merchandise inventories continue to be stated
at the lower of cost or market.
Inventory costs for buybuy BABY, acquired in March 2007, are calculated
using the first-in, first-out cost method.
This excerpt taken from the BBBY 10-K filed May 2, 2007. Inventory Valuation: Merchandise
inventories are stated at the lower of cost or market. Inventory costs for BBB and Harmon are
calculated using the retail inventory method and inventory cost for CTS is
calculated using the first-in, first-out cost method. Under the retail inventory method, the
valuation of inventories at cost and the resulting gross margins are calculated
by applying a cost-to-retail ratio to the retail value of inventories.
At any one time, inventories include items that have been written down to the Company’s best estimate of their realizable value. Judgment is required in estimating realizable value and factors considered are the age of merchandise and anticipated demand. Actual realizable value could differ materially from this estimate based upon future customer demand or economic conditions. The Company estimates its reserve for shrinkage throughout the year, based on historical shrinkage. Actual shrinkage is recorded at year-end based upon the results of the Company’s physical inventory count. Historically, the Company’s shrinkage has not been volatile. This excerpt taken from the BBBY 10-Q filed Jan 4, 2007. Inventory Valuation: Merchandise inventories are stated at the
lower of cost or market. Inventory costs
for BBB and Harmon are calculated using the retail inventory method and
inventory cost for CTS is calculated using the first-in, first-out cost method. Under the retail inventory method, the valuation
of inventories at cost and the resulting gross margins are calculated by
applying a cost-to-retail ratio to the retail value of inventories.
23 At any one time, inventories include items that have been written down to the Company’s best estimate of their realizable value. Judgment is required in estimating realizable value and factors considered are the age of merchandise and anticipated demand. Actual realizable value could differ materially from this estimate based upon future customer demand or economic conditions. The Company estimates its reserve for shrinkage throughout the year, based on historical shrinkage. Actual shrinkage is recorded at year-end based upon the results of the Company’s physical inventory count. Historically, the Company’s shrinkage has not been volatile. This excerpt taken from the BBBY 10-Q filed Oct 10, 2006. Inventory
Valuation: Merchandise
inventories are stated at the lower of cost or market. Inventory costs for BBB and Harmon are
calculated using the retail inventory method and inventory cost for CTS is
calculated using the first-in, first-out cost method. Under the retail inventory method, the
valuation of inventories at cost and the resulting gross margins are calculated
by applying a cost-to-retail ratio to the retail value of inventories.
At any one time, inventories include items that have been written down to the Company’s best estimate of their realizable value. Judgment is required in estimating realizable value and factors considered are the age of merchandise and anticipated demand. Actual realizable value could differ materially from this estimate based upon future customer demand or economic conditions. The Company estimates its reserve for shrinkage throughout the year, based on historical shrinkage. Actual shrinkage is recorded at year-end based upon the results of the Company’s physical inventory count. Historically, the Company’s shrinkage has not been volatile. This excerpt taken from the BBBY 10-Q filed Jul 6, 2006. Inventory
Valuation: Merchandise
inventories are stated at the lower of cost or market. Inventory costs for BBB
and Harmon are calculated using the retail inventory method and inventory cost
for CTS is calculated using the first-in, first-out cost method. Under the
retail inventory method, the valuation of inventories at cost and the resulting
gross margins are calculated by applying a cost-to-retail ratio to the retail
value of inventories.
At any one time, inventories include items that have been written down to the Company’s best estimate of their realizable value. Judgment is required in estimating realizable value and factors considered are the age of merchandise and anticipated demand. Actual realizable value could differ materially from this estimate based upon future customer demand or economic conditions. The Company estimates its reserve for shrinkage throughout the year, based on historical shrinkage. Actual shrinkage is recorded at year-end based upon the results of the Company’s physical inventory count. Historically, the Company’s shrinkage has not been volatile. This excerpt taken from the BBBY 10-K filed May 12, 2006. Inventory
Valuation: Merchandise inventories are stated at the
lower of cost or market. Inventory costs for BBB and Harmon are calculated
using the retail inventory method and inventory cost for CTS is calculated
using the first-in, first-out cost method. Under the retail inventory method,
the valuation of inventories at cost and the resulting gross margins are
calculated by applying a cost-to-retail ratio to the retail value of
inventories.
At any one time, inventories include items that have been written down to the Company’s best estimate of their realizable value. Judgment is required in estimating realizable value and factors considered are the age of merchandise and anticipated demand. Actual realizable value could differ materially from this estimate based upon future customer demand or economic conditions.
The Company estimates its reserve for shrinkage throughout the year, based on historical shrinkage. Actual shrinkage is recorded at year-end based upon the results of the Company’s physical inventory count. Historically, the Company’s shrinkage has not been volatile.
This excerpt taken from the BBBY 10-Q filed Jan 5, 2006. Inventory Valuation: Merchandise inventories are stated at the
lower of cost or market. Inventory costs
for BBB and Harmon are calculated using the retail inventory method and inventory
cost for CTS is calculated using the first-in, first-out cost method. Under the retail inventory method, the
valuation of inventories at cost and the resulting gross margins are calculated
by applying a cost-to-retail ratio to the retail value of inventories.
At any one time, inventories include items that have been written down to the Company’s best estimate of their realizable value. Judgment is required in estimating realizable value and factors
18
considered are the age of merchandise and anticipated demand. Actual realizable value could differ materially from this estimate based upon future customer demand or economic conditions.
The Company estimates its reserve for shrinkage throughout the year, based on historical shrinkage. Actual shrinkage is recorded at year-end based upon the results of the Company’s physical inventory count. Historically, the Company’s shrinkage has not been volatile.
This excerpt taken from the BBBY 10-Q filed Oct 5, 2005. Inventory Valuation: Merchandise inventories are stated at the
lower of cost or market. Inventory costs
for BBB and Harmon are calculated using the retail inventory method and
inventory cost for CTS is calculated using the first-in, first-out cost
method. Under the retail inventory
method, the valuation of inventories at cost and the resulting gross margins are
calculated by applying a cost-to-retail ratio to the retail value of
inventories.
At any one time, inventories include items that have been written down to the Company’s best estimate of their realizable value. Judgment is required in estimating realizable value and factors considered are the age of merchandise and anticipated demand. Actual realizable value could differ materially from this estimate based upon future customer demand or economic conditions.
The Company estimates its reserve for shrinkage throughout the year, based on historical shrinkage. Actual shrinkage is recorded at year-end based upon the results of the Company’s physical inventory count. Historically, the Company’s shrinkage has not been volatile.
This excerpt taken from the BBBY 10-Q filed Jul 6, 2005. Inventory Valuation: Merchandise inventories are stated at the
lower of cost or market. Inventory costs
for BBB and Harmon are calculated using the retail inventory method and inventory
cost for CTS is calculated using the first-in, first-out cost method. Under the retail inventory method, the
valuation of inventories at cost and the resulting gross margins are calculated
by applying a cost-to-retail ratio to the retail value of inventories.
At any one time, inventories include items that have been written down to the Company’s best estimate of their realizable value. Factors considered in estimating realizable value include the age of merchandise and anticipated demand. Actual realizable value could differ materially from this estimate based upon future customer demand or economic conditions.
The Company estimates its reserve for shrinkage throughout the year, based on historical shrinkage. Actual shrinkage is recorded at year-end based upon the results of the Company’s physical inventory count. Historically, the Company’s shrinkage has not been volatile.
This excerpt taken from the BBBY 10-K filed May 12, 2005. Inventory
Valuation:
Merchandise inventories are stated at the lower of cost or market. Inventory costs for BBB and Harmon are
calculated using the retail inventory method and inventory cost for CTS is
calculated using the first-in, first-out cost method. Under the retail inventory method, the
valuation of inventories at cost and the resulting gross margins are calculated
by applying a cost-to-retail ratio to the retail value of inventories.
At any one time, inventories include items that have been written down to the Company’s best estimate of their realizable value. Factors considered in estimating realizable value include the age of merchandise and anticipated demand. Actual realizable value could differ materially from this estimate based upon future customer demand or economic conditions.
The Company estimates its reserve for shrinkage throughout the year, based on historical shrinkage. Actual shrinkage is recorded at year-end based upon the results of the Company’s physical inventory count. Historically, the Company’s shrinkage has not been volatile.
This excerpt taken from the BBBY 10-Q filed Jan 12, 2005. Inventory
Valuation: Merchandise
inventories are stated at the lower of cost or market. BBB’s and Harmon’s inventory cost is
calculated using the retail inventory method and CTS’ inventory cost is
calculated using the first-in, first-out cost method. Under the retail inventory method, the
valuation of inventories at cost and the resulting gross margins are calculated
by applying a cost-to-retail ratio to the retail value of inventories.
14
At any one time, inventories include items that have been written down to the Company’s best estimate of their realizable value. Factors considered in estimating realizable value include the age of merchandise and anticipated demand. Actual realizable value could differ materially from this estimate based upon future customer demand or economic conditions.
The Company estimates its reserve for shrinkage throughout the year, based on historical shrinkage. Actual shrinkage is recorded at year-end based upon the results of the Company’s physical inventory count. Historically, the Company’s shrinkage has not been volatile.
This excerpt taken from the BBBY 10-Q filed Jan 4, 2005. Inventory
Valuation: Merchandise
inventories are stated at the lower of cost or market. BBB’s and Harmon’s inventory cost is
calculated using the retail inventory method and CTS’ inventory cost is
calculated using the first-in, first-out cost method. Under the retail inventory method, the
valuation of inventories at cost and the resulting gross margins are calculated
by applying a cost-to-retail ratio to the retail value of inventories.
14
At any one time, inventories include items that have been written down to the Company’s best estimate of their realizable value. Factors considered in estimating realizable value include the age of merchandise and anticipated demand. Actual realizable value could differ materially from this estimate based upon future customer demand or economic conditions.
The Company estimates its reserve for shrinkage throughout the year, based on historical shrinkage. Actual shrinkage is recorded at year-end based upon the results of the Company’s physical inventory count. Historically, the Company’s shrinkage has not been volatile.
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