DSCM » Topics » Off-Balance Sheet Arrangements

This excerpt taken from the DSCM 10-K filed Mar 14, 2008.

Off-Balance Sheet Arrangements

We have no material off-balance sheet arrangements.

FACE="Times New Roman" SIZE="2">Management Outlook

For the first quarter of fiscal year 2008, we are targeting net sales in the
range of $118.0 million to $122.0 million. We anticipate a net loss for the first quarter in the range of $2.4 million to $2.9 million. For fiscal year 2008, we are targeting net sales in the range of $498.0 million to $512.0 million. We anticipate
net income (loss) in the range of $(1.0) million to $3.0 million for the year.

These projections are subject to substantial uncertainty.
See “Risk Factors” in Part I, Item 1A of this annual report and “Special Note Regarding Forward-Looking Statements” above.

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Table of Contents







ITEM 7A.
QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

SIZE="2">We have assessed our vulnerability to certain market risks, including interest rate risk associated with marketable securities, accounts receivable, accounts payable, capital lease obligations, and cash and cash equivalents. Due to the
short-term nature of these investments and our investment policies and procedures, we have determined that the risk associated with interest rate fluctuations related to these financial instruments is not material to us.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">We have interest rate exposure arising from our financing facilities, which have variable rates. These variable interest rates are affected by changes in
short-term interest rates. We manage our interest rate exposure by maintaining a conservative debt-to-equity ratio. We believe that the effect, if any, of reasonably possible near-term changes in interest rates on our financial position, results of
operations, and cash flows will not be material. Our financing facilities expose our net earnings to changes in short-term interest rates because interest rates on the underlying obligations are variable. Borrowings outstanding under the variable
interest-bearing financing facilities totaled $2.7 million at December 30, 2007, and the highest interest rate attributable to this outstanding balance was 7.75% at December 30, 2007. A change in net earnings resulting from a hypothetical
10% increase or decrease in interest rates would not be material.

We have investment risk exposure arising from our investments in
marketable securities due to volatility of the stock market in general, company-specific circumstances, and changes in general economic conditions. As of December 30, 2007, we had $17.7 million of securities classified as “marketable
securities.” We regularly review the carrying value of our investments and identify and record losses when events and circumstances indicate that declines in the fair value of such assets below our accounting basis are other-than-temporary.

 






ITEM 8.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The
financial statements required pursuant to this item are filed under Part IV, Item 15(a)(1) of this annual report. The financial statement schedule required under Regulation S-X is filed under Part IV, Item 15(a)(2) of this annual report.

 






ITEM 9.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">None.

 






ITEM 9A.
CONTROLS AND PROCEDURES
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