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These excerpts taken from the XIDE 10-K filed Jun 4, 2009. Sales
Returns and Allowances
The Company provides for an allowance for product returns
and/or
allowances. Based upon its manufacturing re-work process, the
Company believes that the majority of its product returns are
not the result of product defects. The Company recognizes the
estimated cost of product returns as a reduction of sales in the
period in which the related revenue is recognized. The product
return estimates are based upon historical trends and claims
experience, and include an assessment of the anticipated lag
between the date of sale and claim/return date.
Sales
Returns and Allowances
The Company provides for an allowance for product returns
and/or
allowances. Based upon its manufacturing re-work process, the
Company believes that the majority of its product returns are
not the result of product defects. The Company recognizes the
estimated cost of product returns as a reduction of sales in the
period in which the related revenue is recognized. The product
return estimates are based upon historical trends and claims
experience, and include assessment of the anticipated lag
between the date of sale and claim/return date.
Changes in the Company’s sales returns and allowances
liability (in thousands):
Sales
Returns and Allowances
The Company provides for an allowance for product returns
and/or
allowances. Based upon its manufacturing re-work process, the
Company believes that the majority of its product returns are
not the result of product defects. The Company recognizes the
estimated cost of product returns as a reduction of sales in the
period in which the related revenue is recognized. The product
return estimates are based upon historical trends and claims
experience, and include assessment of the anticipated lag
between the date of sale and claim/return date.
Sales
Returns and Allowances
The Company provides for an allowance for product returns
and/or
allowances. Based upon its manufacturing re-work process, the
Company believes that the majority of its product returns are
not the result of product defects. Many returns are in fact
subsequently sold as seconds at a reduced price. The Company
recognizes the estimated cost of product returns as a reduction
of sales in the period in which the related revenue is
recognized. The product return estimates are based upon
historical trends and claims experience, and include assessment
of the anticipated lag between the date of sale and claim/return
date. A reconciliation of changes in the Company’s sales
returns and allowances liability follows (in thousands):
This excerpt taken from the XIDE 10-K filed Jun 9, 2008. Sales
Returns and Allowances
The Company provides for an allowance for product returns
and/or
allowances. Based upon its manufacturing re-work process, the
Company believes that the majority of its product returns are
not the result of product defects. Many returns are in fact
subsequently sold as seconds at a reduced price. The Company
recognizes the estimated cost of product returns as a reduction
of sales in the period in which the related revenue is
recognized. The product return estimates are based upon
historical trends and claims experience, and include assessment
of the anticipated lag between the date of sale and claim/return
date.
A reconciliation of changes in the Company’s sales returns
and allowances liability follows (in thousands):
Table of Contents
EXIDE
GLOBAL HOLDING NETHERLANDS C.V. AND SUBSIDIARIES
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
This excerpt taken from the XIDE 10-K filed Jun 11, 2007. Sales
Returns and Allowances
The Company provides for an allowance for product returns
and/or
allowances. Based upon its manufacturing re-work process, the
Company believes that the majority of its product returns are
not the result of product defects. Many returns are in fact
subsequently sold as seconds at a reduced price. The Company
recognizes the estimated cost of product returns as a reduction
of sales in the period in which the related revenue is
recognized. The product return estimates are based upon
historical trends and claims experience, and include assessment
of the anticipated lag between the date of sale and claim/return
date.
A reconciliation of changes in the Company’s sales returns
and allowances liability follows (in thousands):
Table of Contents
EXIDE
GLOBAL HOLDING NETHERLANDS C.V. AND SUBSIDIARIES
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
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