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These excerpts taken from the XIDE 10-K filed Jun 4, 2009. Inventories
Inventories, which consist of material, labor and overhead, are
stated at the lower of cost or market using the
first-in,
first-out (“FIFO”) method. The Company writes down its
inventory to estimated market value (when below historical cost)
based on assumptions of future demand and market conditions.
Inventories
Inventories, which consist of material, labor and overhead, are
stated at the lower of cost or market using the
first-in,
first-out (“FIFO”) method. The Company writes down its
inventory to estimated market value based on assumptions of
future demand and market conditions.
This excerpt taken from the XIDE 10-K filed Jun 9, 2008. Inventories
Inventories, which consist of material, labor and overhead, are
stated at the lower of cost or market using the
first-in,
first-out (“FIFO”) method. The Company writes down its
inventory to estimated market value based on assumptions of
future demand and market conditions.
This excerpt taken from the XIDE 10-K filed Jun 11, 2007. Inventories
Inventories, which consist of material, labor and overhead, are
stated at the lower of cost or market using the
first-in,
first-out (“FIFO”) method. The Company writes down its
inventory to estimated market value based on assumptions of
future demand and market conditions.
This excerpt taken from the XIDE 10-K filed Jun 29, 2005. (12) INVENTORIES
Inventories, valued by the first-in, first-out (“FIFO”) method, consist of:
In connection with the adoption of Fresh Start reporting, inventories were stepped up to fair value resulting in an adjustment of $3,500, all of which was charged to cost of sales in the Successor Company’s consolidated statement of operations for the period May 6, 2004 to March 31, 2005.
This excerpt taken from the XIDE 10-K filed Mar 1, 2005. (11) INVENTORIES
Inventories, valued by the first-in, first-out (“FIFO”) method, consist of:
In connection with the inventory management component of the Company’s restructuring and reorganization programs, during fiscal 2002, the Company recorded a charge to write-down excess inventories by approximately $10,000. The charge, which was classified as cost of sales in the accompanying consolidated statement of operations, was determined after an assessment of the Company’s five-year business plan and updated demand forecasts, the continued weakening of the Company’s business segments, particularly the telecommunications market, and ongoing stock keeping unit (SKU) rationalization.
F-23
Table of ContentsEXIDE TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
This excerpt taken from the XIDE 10-Q filed Feb 14, 2005. (11) INVENTORIES
Inventories, valued by the first-in, first-out (“FIFO”) method, consist of:
18
Table of ContentsEXIDE TECHNOLOGIES AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
In connection with the adoption of Fresh Start reporting, inventories were stepped up to fair value resulting in an adjustment of $3,500, all of which was charged to cost of sales in the Successor Company’s condensed consolidated statement of operations for the period May 6, 2004 to December 31, 2004.
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