DSUP » Topics » Revenue Recognition

These excerpts taken from the DSUP 10-K filed Mar 31, 2009.
Revenue Recognition
 
Revenue is generally recognized from product sales when the product is shipped from our facilities and risk of loss and title have passed to the customer. Additionally, revenue is recognized at the customer’s written request and when the customer has made a fixed commitment to purchase goods on a schedule consistent with the customer’s business, where risk of ownership has passed to the buyer, the goods are physically segregated, and we do not retain any specific performance obligations. For customer-requested bill and hold transactions in which a performance obligation exists on our part prior to the delivery date, we do not recognize revenue until the total performance obligation has been met and all of the above criteria related to bill and hold transactions have been met. In instances where the customer provides payment for these services prior to the delivery date, the revenue is deferred until all performance obligations have been met. Sales recognized under bill and hold arrangements were $3.8 million, $3.1 million, and $3.7 million as of December 31, 2008, 2007, and 2006, respectively. For rental equipment sales, revenue is recognized and recorded on the date of shipment. Rental revenues are recognized ratably over the terms of the rental agreements. Sales orders with multiple deliverables are allocated among the components based on the fair values of the individual components.
 
Revenue Recognition
 
Revenue is generally recognized from product sales when the product is shipped from our facilities and risk of loss and title have passed to the customer. Additionally, revenue is recognized at the customer’s written request and when the customer has made a fixed commitment to purchase goods on a schedule consistent with the customer’s business, where risk of ownership has passed to the buyer, the goods are physically segregated, and we do not retain any specific performance obligations. For customer-requested bill and hold transactions in which a performance obligation exists on our part prior to the delivery date, we do not recognize revenue until the total performance obligation has been met and all of the above criteria related to bill and hold transactions have been met. In instances where the customer provides payment for these services prior to the delivery date, the revenue is deferred until all performance obligations have been met. Sales recognized under bill and hold arrangements were $3.8 million, $3.1 million, and $3.7 million as of December 31, 2008, 2007, and 2006, respectively. For rental equipment sales, revenue is recognized and recorded on the date of shipment. Rental revenues are recognized ratably over the terms of the rental agreements. Sales orders with multiple deliverables are allocated among the components based on the fair values of the individual components.
 
Revenue
Recognition



 



Revenue is generally recognized from product sales when the
product is shipped from our facilities and risk of loss and
title have passed to the customer. Additionally, revenue is
recognized at the customer’s written request and when the
customer has made a fixed commitment to purchase goods on a
schedule consistent with the customer’s business, where
risk of ownership has passed to the buyer, the goods are
physically segregated, and we do not retain any specific
performance obligations. For customer-requested bill and hold
transactions in which a performance obligation exists on our
part prior to the delivery date, we do not recognize revenue
until the total performance obligation has been met and all of
the above criteria related to bill and hold transactions have
been met. In instances where the customer provides payment for
these services prior to the delivery date, the revenue is
deferred until all performance obligations have been met. Sales
recognized under bill and hold arrangements were
$3.8 million, $3.1 million, and $3.7 million as
of December 31, 2008, 2007, and 2006, respectively. For
rental equipment sales, revenue is recognized and recorded on
the date of shipment. Rental revenues are recognized ratably
over the terms of the rental agreements. Sales orders with
multiple deliverables are allocated among the components based
on the fair values of the individual components.


 




Revenue
Recognition



 



Revenue is generally recognized from product sales when the
product is shipped from our facilities and risk of loss and
title have passed to the customer. Additionally, revenue is
recognized at the customer’s written request and when the
customer has made a fixed commitment to purchase goods on a
schedule consistent with the customer’s business, where
risk of ownership has passed to the buyer, the goods are
physically segregated, and we do not retain any specific
performance obligations. For customer-requested bill and hold
transactions in which a performance obligation exists on our
part prior to the delivery date, we do not recognize revenue
until the total performance obligation has been met and all of
the above criteria related to bill and hold transactions have
been met. In instances where the customer provides payment for
these services prior to the delivery date, the revenue is
deferred until all performance obligations have been met. Sales
recognized under bill and hold arrangements were
$3.8 million, $3.1 million, and $3.7 million as
of December 31, 2008, 2007, and 2006, respectively. For
rental equipment sales, revenue is recognized and recorded on
the date of shipment. Rental revenues are recognized ratably
over the terms of the rental agreements. Sales orders with
multiple deliverables are allocated among the components based
on the fair values of the individual components.


 




Revenue Recognition
 
Revenue is generally recognized from product sales when the product is shipped from the Company’s facilities and risk of loss and title have passed to the customer. Additionally, revenue is recognized at the customer’s written request and when the customer has made a fixed commitment to purchase goods on a schedule consistent with the customer’s business, where risk of ownership has passed to the buyer, the goods are physically segregated, and we do not retain any specific performance obligations. For customer-requested bill and hold transactions in which a performance obligation exists on the Company’s part prior to the delivery date, we do not recognize revenue until the total performance obligation has been met and all of the above criteria related to bill and hold transactions have been met. In instances where the customer provides payment for these services prior to the delivery date, the revenue is deferred until all performance obligations have been met. Sales recognized under bill and hold arrangements were $3,845, $3,064, and $3,675 as of December 31, 2008, 2007, and 2006, respectively. For rental equipment sales, revenue is recognized and recorded on the date of shipment. Rental revenues are recognized ratably over the terms of the rental agreements. Sales orders with multiple deliverables are allocated among the components based on the relative fair values of the individual components. Freight amounts billed to a customer in a sales transaction are classified as sales and totaled $15,287, $12,848, and $13,443 for the years ended December 31, 2008, 2007, and 2006, respectively. The related costs are recorded as cost of sales.
 
Revenue Recognition
 
Revenue is generally recognized from product sales when the product is shipped from the Company’s facilities and risk of loss and title have passed to the customer. Additionally, revenue is recognized at the customer’s written request and when the customer has made a fixed commitment to purchase goods on a schedule consistent with the customer’s business, where risk of ownership has passed to the buyer, the goods are physically segregated, and we do not retain any specific performance obligations. For customer-requested bill and hold transactions in which a performance obligation exists on the Company’s part prior to the delivery date, we do not recognize revenue until the total performance obligation has been met and all of the above criteria related to bill and hold transactions have been met. In instances where the customer provides payment for these services prior to the delivery date, the revenue is deferred until all performance obligations have been met. Sales recognized under bill and hold arrangements were $3,845, $3,064, and $3,675 as of December 31, 2008, 2007, and 2006, respectively. For rental equipment sales, revenue is recognized and recorded on the date of shipment. Rental revenues are recognized ratably over the terms of the rental agreements. Sales orders with multiple deliverables are allocated among the components based on the relative fair values of the individual components. Freight amounts billed to a customer in a sales transaction are classified as sales and totaled $15,287, $12,848, and $13,443 for the years ended December 31, 2008, 2007, and 2006, respectively. The related costs are recorded as cost of sales.
 
Revenue
Recognition



 



Revenue is generally recognized from product sales when the
product is shipped from the Company’s facilities and risk
of loss and title have passed to the customer. Additionally,
revenue is recognized at the customer’s written request and
when the customer has made a fixed commitment to purchase goods
on a schedule consistent with the customer’s business,
where risk of ownership has passed to the buyer, the goods are
physically segregated, and we do not retain any specific
performance obligations. For customer-requested bill and hold
transactions in which a performance obligation exists on the
Company’s part prior to the delivery date, we do not
recognize revenue until the total performance obligation has
been met and all of the above criteria related to bill and hold
transactions have been met. In instances where the customer
provides payment for these services prior to the delivery date,
the revenue is deferred until all performance obligations have
been met. Sales recognized under bill and hold arrangements were
$3,845, $3,064, and $3,675 as of December 31, 2008, 2007,
and 2006, respectively. For rental equipment sales, revenue is
recognized and recorded on the date of shipment. Rental revenues
are recognized ratably over the terms of the rental agreements.
Sales orders with multiple deliverables are allocated among the
components based on the relative fair values of the individual
components. Freight amounts billed to a customer in a sales
transaction are classified as sales and totaled $15,287,
$12,848, and $13,443 for the years ended December 31, 2008,
2007, and 2006, respectively. The related costs are recorded as
cost of sales.


 




Revenue
Recognition



 



Revenue is generally recognized from product sales when the
product is shipped from the Company’s facilities and risk
of loss and title have passed to the customer. Additionally,
revenue is recognized at the customer’s written request and
when the customer has made a fixed commitment to purchase goods
on a schedule consistent with the customer’s business,
where risk of ownership has passed to the buyer, the goods are
physically segregated, and we do not retain any specific
performance obligations. For customer-requested bill and hold
transactions in which a performance obligation exists on the
Company’s part prior to the delivery date, we do not
recognize revenue until the total performance obligation has
been met and all of the above criteria related to bill and hold
transactions have been met. In instances where the customer
provides payment for these services prior to the delivery date,
the revenue is deferred until all performance obligations have
been met. Sales recognized under bill and hold arrangements were
$3,845, $3,064, and $3,675 as of December 31, 2008, 2007,
and 2006, respectively. For rental equipment sales, revenue is
recognized and recorded on the date of shipment. Rental revenues
are recognized ratably over the terms of the rental agreements.
Sales orders with multiple deliverables are allocated among the
components based on the relative fair values of the individual
components. Freight amounts billed to a customer in a sales
transaction are classified as sales and totaled $15,287,
$12,848, and $13,443 for the years ended December 31, 2008,
2007, and 2006, respectively. The related costs are recorded as
cost of sales.


 




These excerpts taken from the DSUP 10-K filed Mar 17, 2008.
Revenue Recognition
 
Revenue is recognized from product sales when the product is shipped from the Company’s facilities and risk of loss and title have passed to the customer. Additionally, revenue is recognized at the customer’s written request and when the customer has made a fixed commitment to purchase goods on a fixed schedule consistent with the customer’s business, where risk of ownership has passed to the buyer, the goods are physically segregated and the Company does not retain any specific performance obligations. For customer-requested bill and hold transactions in which a performance obligation exists on the part of the Company prior to the delivery date, the Company does not recognize revenue until the total performance obligation has been met and all of the above criteria related to bill and hold transactions have been met. In instances where the customer provides payment for these services prior to the delivery date, the revenue is deferred until all performance obligations have been met. Sales under bill and hold arrangements were $3,064, $3,675, and $979, for the years ended December 31, 2007, 2006, and 2005, respectively.
 
On rental equipment sales, revenue is recognized and recorded on the date of shipment. Rental revenues are recognized ratably over the terms of the rental agreements. Sales orders with multiple deliverables are allocated among the components based on the fair values of the individual components.
 
Revenue
Recognition



 



Revenue is recognized from product sales when the product is
shipped from the Company’s facilities and risk of loss and
title have passed to the customer. Additionally, revenue is
recognized at the customer’s written request and when the
customer has made a fixed commitment to purchase goods on a
fixed schedule consistent with the customer’s business,
where risk of ownership has passed to the buyer, the goods are
physically segregated and the Company does not retain any
specific performance obligations. For customer-requested bill
and hold transactions in which a performance obligation exists
on the part of the Company prior to the delivery date, the
Company does not recognize revenue until the total performance
obligation has been met and all of the above criteria related to
bill and hold transactions have been met. In instances where the
customer provides payment for these services prior to the
delivery date, the revenue is deferred until all performance
obligations have been met. Sales under bill and hold
arrangements were $3,064, $3,675, and $979, for the years ended
December 31, 2007, 2006, and 2005, respectively.


 



On rental equipment sales, revenue is recognized and recorded on
the date of shipment. Rental revenues are recognized ratably
over the terms of the rental agreements. Sales orders with
multiple deliverables are allocated among the components based
on the fair values of the individual components.


 




This excerpt taken from the DSUP 10-K filed Mar 30, 2007.
Revenue Recognition
 
Revenue is recognized from product sales when the product is shipped from the Company’s facilities and risk of loss and title have passed to the customer. Additionally, revenue is recognized at the customer’s written request and when the customer has made a fixed commitment to purchase goods on a fixed schedule consistent with the customer’s business, where risk of ownership has passed to the buyer, the goods are physically segregated and the Company does not retain any specific performance obligations. For customer-requested bill and hold transactions in which a performance obligation exists on the part of the Company prior to the delivery date, the Company does not recognize revenue until the total performance obligation has been met and all of the above criteria related to bill and hold transactions have been met. In instances where the customer provides payment for these services prior to the delivery date, the revenue is deferred until all performance obligations have been met. Sales under bill and hold arrangements were $3,675, $979, and $2,863 for the years ended December 31, 2006, 2005, and 2004, respectively.
 
On rental equipment sales, revenue is recognized and recorded on the date of shipment. Rental revenues are recognized ratably over the terms of the rental agreements.
 
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki