CSS » Topics » Product Development Costs

These excerpts taken from the CSS 10-K filed Jun 2, 2009.
Product Development Costs
 
Product development costs consist of purchases of outside artwork, printing plates, cylinders, catalogs and samples. For seasonal products, the Company typically begins to incur product development costs approximately 18 to 20 months before the applicable holiday event and amortizes the costs monthly over the selling season, which is generally within two to four months of the holiday event. Development costs related to all occasion products are incurred within a period beginning six to nine months prior to the applicable sales period and are generally amortized over a six to twelve month selling period. The expense of certain product development costs that are related to the manufacturing process are recorded in cost of sales while the portion that relates to creative and selling efforts are recorded in selling, general and administrative expenses.
 
Product development costs capitalized as of March 31, 2009 and 2008 were $7,368,000 and $6,316,000, respectively, and are included in other current assets in the consolidated financial statements. Product development expense of $9,809,000, $9,194,000 and $7,887,000 was recognized in the years ended March 31, 2009, 2008 and 2007, respectively.


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CSS INDUSTRIES, INC. AND SUBSIDIARIES
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
Product Development Costs
 
Product development costs consist of purchases of outside artwork, printing plates, cylinders, catalogs and samples. For seasonal products, the Company typically begins to incur product development costs approximately 18 to 20 months before the applicable holiday event and amortizes the costs monthly over the selling season, which is generally within two to four months of the holiday event. Development costs related to all occasion products are incurred within a period beginning six to nine months prior to the applicable sales period and are generally amortized over a six to twelve month selling period. The expense of certain product development costs that are related to the manufacturing process are recorded in cost of sales while the portion that relates to creative and selling efforts are recorded in selling, general and administrative expenses.
 
Product development costs capitalized as of March 31, 2009 and 2008 were $7,368,000 and $6,316,000, respectively, and are included in other current assets in the consolidated financial statements. Product development expense of $9,809,000, $9,194,000 and $7,887,000 was recognized in the years ended March 31, 2009, 2008 and 2007, respectively.


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CSS INDUSTRIES, INC. AND SUBSIDIARIES
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
Product
Development Costs



 



Product development costs consist of purchases of outside
artwork, printing plates, cylinders, catalogs and samples. For
seasonal products, the Company typically begins to incur product
development costs approximately 18 to 20 months before the
applicable holiday event and amortizes the costs monthly over
the selling season, which is generally within two to four months
of the holiday event. Development costs related to all occasion
products are incurred within a period beginning six to nine
months prior to the applicable sales period and are generally
amortized over a six to twelve month selling period. The expense
of certain product development costs that are related to the
manufacturing process are recorded in cost of sales while the
portion that relates to creative and selling efforts are
recorded in selling, general and administrative expenses.


 



Product development costs capitalized as of March 31, 2009
and 2008 were $7,368,000 and $6,316,000, respectively, and are
included in other current assets in the consolidated financial
statements. Product development expense of $9,809,000,
$9,194,000 and $7,887,000 was recognized in the years ended
March 31, 2009, 2008 and 2007, respectively.





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CSS
INDUSTRIES, INC. AND SUBSIDIARIES




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)


 




Product
Development Costs



 



Product development costs consist of purchases of outside
artwork, printing plates, cylinders, catalogs and samples. For
seasonal products, the Company typically begins to incur product
development costs approximately 18 to 20 months before the
applicable holiday event and amortizes the costs monthly over
the selling season, which is generally within two to four months
of the holiday event. Development costs related to all occasion
products are incurred within a period beginning six to nine
months prior to the applicable sales period and are generally
amortized over a six to twelve month selling period. The expense
of certain product development costs that are related to the
manufacturing process are recorded in cost of sales while the
portion that relates to creative and selling efforts are
recorded in selling, general and administrative expenses.


 



Product development costs capitalized as of March 31, 2009
and 2008 were $7,368,000 and $6,316,000, respectively, and are
included in other current assets in the consolidated financial
statements. Product development expense of $9,809,000,
$9,194,000 and $7,887,000 was recognized in the years ended
March 31, 2009, 2008 and 2007, respectively.





32





Table of Contents





 




CSS
INDUSTRIES, INC. AND SUBSIDIARIES




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)


 




These excerpts taken from the CSS 10-K filed Jun 2, 2008.
Product Development Costs
 
Product development costs consist of purchases of outside artwork, printing plates, cylinders, catalogs and samples. The Company typically begins to incur product development costs approximately 18 to 20 months before the applicable holiday event and amortizes the costs monthly over the selling season, which is generally within two to four months of the holiday event. The expense of certain product development costs that are related to the manufacturing process are recorded in cost of sales while the portion that relates to creative and selling efforts are recorded in selling, general and administrative expenses.
 
Product development costs capitalized as of March 31, 2008 and 2007 were $6,316,000 and $5,647,000, respectively, and are included in other current assets in the consolidated financial statements. Product development expense of $9,194,000, $7,887,000 and $7,384,000 was recognized in the years ended March 31, 2008, 2007 and 2006, respectively.


28


 

 
CSS INDUSTRIES, INC. AND SUBSIDIARIES
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
Product
Development Costs



 



Product development costs consist of purchases of outside
artwork, printing plates, cylinders, catalogs and samples. The
Company typically begins to incur product development costs
approximately 18 to 20 months before the applicable holiday
event and amortizes the costs monthly over the selling season,
which is generally within two to four months of the holiday
event. The expense of certain product development costs that are
related to the manufacturing process are recorded in cost of
sales while the portion that relates to creative and selling
efforts are recorded in selling, general and administrative
expenses.


 



Product development costs capitalized as of March 31, 2008
and 2007 were $6,316,000 and $5,647,000, respectively, and are
included in other current assets in the consolidated financial
statements. Product development expense of $9,194,000,
$7,887,000 and $7,384,000 was recognized in the years ended
March 31, 2008, 2007 and 2006, respectively.





28





 





 




CSS
INDUSTRIES, INC. AND SUBSIDIARIES




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)


 




This excerpt taken from the CSS 10-K filed Jun 5, 2007.
Product Development Costs
 
Product development costs consist of purchases of outside artwork, printing plates, cylinders, catalogs and samples. The Company typically begins to incur product development costs approximately 18 to 20 months before the applicable holiday event and amortizes the costs monthly over the selling season, which is generally within two to four months of the holiday event. The expense of certain product development costs that are related to the manufacturing process are recorded in cost of sales while the portion that relates to creative and selling efforts are recorded in selling, general and administrative expenses.
 
Product development costs capitalized as of March 31, 2007 and 2006 were $5,647,000 and $5,689,000, respectively, and are included in other current assets in the consolidated financial statements. Product development expense of $7,887,000, $7,384,000 and $6,759,000 was recognized in the years ended March 31, 2007, 2006 and 2005, respectively.
 
This excerpt taken from the CSS 10-K filed Jun 9, 2006.

Product Development Costs

Product development costs consist of purchases of outside artwork, printing plates, cylinders, catalogs and samples. The Company typically begins to incur product development costs approximately 18 to 20 months before the applicable holiday event and amortizes the costs monthly over the selling season, generally within two to four months of the holiday event. The expense of certain product development costs that are related to the manufacturing process are recorded in cost of sales while the portion that relates to creative and selling efforts are recorded in selling, general and administrative expenses.

Product development costs capitalized as of March 31, 2006 and 2005 were $5,667,000 and $4,750,000, respectively, and are included in other current assets in the consolidated financial statements. Product

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development expense of $6,531,000, $6,309,000 and $7,668,000 was recognized in the years ended March 31, 2006, 2005 and 2004, respectively.

This excerpt taken from the CSS 10-K filed Jun 1, 2005.

Product Development Costs

Product development costs consist of purchases of outside artwork, printing plates, cylinders, catalogs and samples. Product development costs begin to be incurred approximately 18 to 20 months before the holiday event and are amortized monthly over the selling season, generally within two to four months of the respective holiday event. Product development expense is recorded in selling, general and administrative expense.

Product development costs capitalized as of March 31, 2005 and 2004 were $4,750,000 and $4,490,000, respectively, and are included in other current assets in the consolidated financial statements. Product development expense of $6,309,000, $7,668,000 and $6,424,000 was recognized in the years ended March 31, 2005, 2004 and 2003, respectively.

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