ESIO » Topics » Note 6 - Deferred Revenue

These excerpts taken from the ESIO 10-K filed Jun 10, 2009.

16. Deferred Revenue

The following is a reconciliation of the changes in deferred revenue for fiscal 2009, 2008 and 2007:

 

(In thousands)

   2009     2008     2007  

Beginning balance

   $ 12,583     $ 12,290     $ 13,321  

NWR deferred revenue acquired

     —         1,603       —    

Revenue deferred

     23,763       38,176       26,521  

Revenue recognized

     (25,095 )     (39,486 )     (27,552 )
                        

Ending balance

   $ 11,251     $ 12,583     $ 12,290  
                        

16. Deferred Revenue

The following is a reconciliation of the changes in deferred revenue for fiscal 2009, 2008 and 2007:

 

(In thousands)

   2009     2008     2007  

Beginning balance

   $ 12,583     $ 12,290     $ 13,321  

NWR deferred revenue acquired

     —         1,603       —    

Revenue deferred

     23,763       38,176       26,521  

Revenue recognized

     (25,095 )     (39,486 )     (27,552 )
                        

Ending balance

   $ 11,251     $ 12,583     $ 12,290  
                        

16. Deferred Revenue

The following is
a reconciliation of the changes in deferred revenue for fiscal 2009, 2008 and 2007:

 































































































































(In thousands)

  2009  2008  2007 

Beginning balance

  $12,583  $12,290  $13,321 

NWR deferred revenue acquired

   —     1,603   —   

Revenue deferred

   23,763   38,176   26,521 

Revenue recognized

   (25,095)  (39,486)  (27,552)
             

Ending balance

  $11,251  $12,583  $12,290 
             

16. Deferred Revenue

The following is
a reconciliation of the changes in deferred revenue for fiscal 2009, 2008 and 2007:

 































































































































(In thousands)

  2009  2008  2007 

Beginning balance

  $12,583  $12,290  $13,321 

NWR deferred revenue acquired

   —     1,603   —   

Revenue deferred

   23,763   38,176   26,521 

Revenue recognized

   (25,095)  (39,486)  (27,552)
             

Ending balance

  $11,251  $12,583  $12,290 
             
This excerpt taken from the ESIO 10-Q filed Feb 4, 2009.

14. Deferred Revenue

Generally, revenue is recognized upon fulfillment of acceptance criteria at the Company’s factory and title transfer which frequently occur at the time of delivery to a common carrier. Revenue is deferred when title transfer is pending and/or acceptance criteria have not yet been fulfilled. Deferred revenue occurrences include sales to Japanese end-user customers, shipments of substantially new products and shipments with custom specifications and acceptance criteria. In sales involving multiple element arrangements, the fair value of any undelivered elements, including installation services, is deferred until the elements are delivered and acceptance criteria are met. Revenue related to maintenance and service contracts is deferred and recognized ratably over the duration of the contracts.

 

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The following is a reconciliation of the changes in deferred revenue:

 

      Three months ended     Nine months
ended
Dec. 27, 2008
    Seven months
ended
Dec. 29, 2007
 

(In thousands)

   Dec. 27, 2008     Dec. 29, 2007      

Deferred revenue, beginning

   $ 11,219     $ 19,365     $ 12,583     $ 12,290  

Acquired deferred revenue (NWR)

     —         —         —         1,603  

Revenue deferred

     6,414       16,574       19,105       32,577  

Revenue recognized

     (5,755 )     (11,188 )     (19,810 )     (21,719 )
                                

Deferred revenue, ending

   $ 11,878     $ 24,751     $ 11,878     $ 24,751  
                                
This excerpt taken from the ESIO 10-Q filed Nov 6, 2008.

12. Deferred Revenue

Generally, revenue is recognized upon fulfillment of acceptance criteria at the Company’s factory and title transfer which frequently occur at the time of delivery to a common carrier. Revenue is deferred when title transfer is pending and/or acceptance criteria have not yet been fulfilled. These deferred revenue occurrences include sales to Japanese end-user customers, shipments of substantially new products and shipments with custom specifications and acceptance criteria. In sales involving multiple element arrangements, the fair value of any undelivered elements, including installation services, is deferred until the elements are delivered and acceptance criteria are met. Revenue related to maintenance and service contracts is deferred and recognized ratably over the duration of the contracts.

The following is a reconciliation of the changes in deferred revenue:

 

     Three months ended     Six months
ended

Sept. 27, 2008
    Four months
ended

Sept. 29, 2007
 

(In thousands)

   Sept. 27, 2008     Sept. 29, 2007      

Deferred revenue, beginning

   $ 12,838     $ 12,544     $ 12,583     $ 12,290  

Acquired deferred revenue (NWR)

     —         1,603       —         1,603  

Revenue deferred

     5,152       14,005       12,691       16,003  

Revenue recognized

     (6,771 )     (8,787 )     (14,055 )     (10,531 )
                                

Deferred revenue, ending

   $ 11,219     $ 19,365     $ 11,219     $ 19,365  
                                
This excerpt taken from the ESIO 10-Q filed Aug 5, 2008.

10. Deferred Revenue

Generally, revenue is recognized upon fulfillment of acceptance criteria at the Company’s factory and title transfer which frequently occur at the time of delivery to a common carrier. Revenue is deferred when title transfer is pending and/or acceptance criteria have not yet been fulfilled. These deferred revenue occurrences include sales to Japanese end-user customers, shipments of substantially new products and shipments with custom specifications and acceptance criteria. In sales involving multiple element arrangements, the fair value of any undelivered elements, including installation services, is deferred until the elements are delivered and acceptance criteria are met. Revenue related to maintenance and service contracts is deferred and recognized ratably over the duration of the contracts.

 

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The following is a reconciliation of the changes in deferred revenue for the fiscal quarters ended June 28, 2008 and June 2, 2007:

 

     Fiscal quarter ended  

(In thousands)

   June 28, 2008     June 2, 2007  

Deferred revenue, beginning

   $ 12,583     $ 13,474  

Revenue deferred

     7,539       6,200  

Revenue recognized

     (7,284 )     (7,384 )
                

Ending Balance

   $ 12,838     $ 12,290  
                
This excerpt taken from the ESIO 10-Q filed Jan 25, 2008.

Note 8 – Deferred Revenue

Revenue is deferred pending title transfer and fulfillment of acceptance criteria, which frequently occur at the time of delivery to a common carrier. Shipments for which title transfer has not occurred and/or acceptance criteria cannot be demonstrated at the Company’s factory include sales to Japanese end-user customers and shipments of substantially new products. In sales involving multiple element arrangements, the fair value of any undelivered elements, including installation services, is deferred until the elements are delivered and acceptance criteria are met. Revenue related to maintenance and service contracts is deferred and recognized ratably over the duration of the contracts.

The following is a reconciliation of the changes in deferred revenue for the three months ended December 29, 2007 and December 2, 2006 (in thousands):

 

     Three months ended  
     December 29,
2007
    December 2,
2006
 

Deferred revenue, beginning

   $ 19,365     $ 12,159  

Revenue deferred

     16,574       7,952  

Revenue recognized

     (11,188 )     (6,867 )
                

Deferred revenue, ending

   $ 24,751     $ 13,244  
                

The following is a reconciliation of the changes in deferred revenue for the six months ended December 29, 2007 and December 2, 2006 and the seven months ended December 29, 2007 (in thousands):

 

     Six months ended     Seven months
ended

December 29,
2007
 
     December 29,
2007
    December 2,
2006
   

Deferred revenue, beginning

   $ 12,544     $ 13,321     $ 12,290  

NWR deferred revenue acquired

     1,603       —         1,603  

Revenue deferred

     30,579       13,484       32,577  

Revenue recognized

     (19,975 )     (13,561 )     (21,719 )
                        

Deferred revenue, ending

   $ 24,751     $ 13,244     $ 24,751  
                        

 

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This excerpt taken from the ESIO 10-Q filed Nov 7, 2007.

Note 8 – Deferred Revenue

Generally, revenue is recognized upon fulfillment of acceptance criteria at the Company’s factory and title transfer which frequently occur at the time of delivery to a common carrier. Revenue is deferred when title transfer is pending and/or acceptance criteria have not yet been fulfilled. These deferred revenue occurrences include sales to Japanese end-user customers, shipments of substantially new products and shipments with custom specifications and acceptance criteria. In sales involving multiple element arrangements, the fair value of any undelivered elements, including installation services, is deferred until the elements are delivered and acceptance criteria are met. Revenue related to maintenance and service contracts is deferred and recognized ratably over the duration of the contracts.

The following is a reconciliation of the changes in deferred revenue for the three months ended September 29, 2007 and September 2, 2006 and the four months ended September 29, 2007 (in thousands):

 

    

Three months ended

   

Four months

ended

 
     September 29,
2007
    September 2,
2006
    September 29,
2007
 

Deferred revenue, beginning

   $ 12,544     $ 13,321     $ 12,290  

NWR deferred revenue acquired

     1,603       —         1,603  

Revenue deferred

     14,005       5,632       16,003  

Revenue recognized

     (8,787 )     (6,794 )     (10,531 )
                        

Deferred revenue, ending

   $ 19,365     $ 12,159     $ 19,365  
                        

 

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This excerpt taken from the ESIO 10-K filed Aug 15, 2007.

NOTE 9. DEFERRED REVENUE

The following is a reconciliation of the changes in deferred revenue for fiscal years 2007 and 2006 (in thousands):

 

     2007     2006  

Beginning of fiscal year

   $ 13,321     $ 12,986  

Revenue deferred

     26,521       23,425  

Revenue recognized

     (27,552 )     (23,090 )
                

End of fiscal year

   $ 12,290     $ 13,321  
                
This excerpt taken from the ESIO 10-Q filed Apr 10, 2007.

Note 7 – Deferred Revenue

Revenue is deferred pending title transfer and fulfillment of acceptance criteria, which frequently occur at the time of delivery to a common carrier. Shipments for which title transfer has not occurred and/or acceptance criteria cannot be demonstrated at the Company’s factory include sales to Japanese end-user customers and shipments of products with substantially new functionality or specifications. In sales involving multiple element arrangements, the fair value of any undelivered elements, including installation services, is deferred until the elements are delivered and acceptance criteria are met. Revenue related to maintenance and service contracts is deferred and recognized ratably over the duration of the contracts.

The following is a reconciliation of the changes in deferred revenue for the nine months ended March 3, 2007 and February 25, 2006 (in thousands):

 

     March 3,
2007
    February 25,
2006
 

Deferred revenue, beginning

   $ 13,321     $ 12,986  

Revenue deferred

     20,321       17,757  

Revenue recognized

     (20,168 )     (15,106 )
                

Deferred revenue, ending

   $ 13,474     $ 15,637  
                

 

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