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These excerpts taken from the MRVL 10-Q filed Jun 11, 2009. Inventories Inventories are stated at the lower of cost or market, determined under the first-in, first-out method. The Company establishes inventory excess and obsolescence provisions for estimated obsolete or unmarketable inventory equal to the difference between the cost of inventory and estimated net realizable value based upon assumptions about future demand and market conditions. Shipping and handling costs are classified as a component of cost of goods sold in the unaudited condensed consolidated statements of operations.
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Table of ContentsInventories
These excerpts taken from the MRVL 10-K filed Apr 1, 2009. Inventories Inventory is stated at the lower of cost or market, cost being determined under the first-in, first-out method. The Company has taken provisions to write-down the cost of obsolete and excess inventory to the estimated market value based on forecasted demand for its products. If actual future demand for the Company’s products is less than currently forecasted, additional inventory provisions may be required. Once a provision is recorded, it is maintained until the product to which it relates to is sold or otherwise disposed of. This treatment is in accordance with Accounting Research Bulletin 43 and Staff Accounting Bulletin 100, “Restructuring and Impairment Charges.” The Company recorded charges for inventory excess and obsolescence of $56.6 million, $62.1 million and $34.7 million, for fiscal 2009, 2008 and 2007, respectively. The Company also recorded $15.4 million and $109.3 million of fair market value adjustments to Intel inventory sold in fiscal 2009 and 2008, respectively.
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Table of ContentsMARVELL TECHNOLOGY GROUP LTD. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Inventories Inventory is stated at the lower of cost or market, cost being determined under the first-in, first-out method. The Company has taken provisions to write-down the cost of obsolete and excess inventory to the estimated market value based on forecasted demand for its products. If actual future demand for the Company’s products is less than currently forecasted, additional inventory provisions may be required. Once a provision is recorded, it is maintained until the product to which it relates to is sold or otherwise disposed of. This treatment is in accordance with Accounting Research Bulletin 43 and Staff Accounting Bulletin 100, “Restructuring and Impairment Charges.” The Company recorded charges for inventory excess and obsolescence of $56.6 million, $62.1 million and $34.7 million, for fiscal 2009, 2008 and 2007, respectively. The Company also recorded $15.4 million and $109.3 million of fair market value adjustments to Intel inventory sold in fiscal 2009 and 2008, respectively.
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Table of ContentsMARVELL TECHNOLOGY GROUP LTD. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Inventories write-down the cost of obsolete and excess inventory to the estimated market value based on forecasted demand for its products. If actual future demand for the Company’s products is less than currently forecasted, additional inventory provisions may be required. Once a provision is recorded, it is maintained until the product to which it relates to is sold or otherwise disposed of. This treatment is in accordance with Accounting Research Bulletin 43 and Staff Accounting Bulletin 100, “Restructuring and Impairment Charges.” The Company recorded charges for inventory excess and obsolescence of $56.6 million, $62.1 million and $34.7 million, for fiscal 2009, 2008 and 2007, respectively. The Company also recorded $15.4 million and $109.3 million of fair market value adjustments to Intel inventory sold in fiscal 2009 and 2008, respectively.
76 Table of ContentsMARVELL TECHNOLOGY GROUP LTD. ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Inventories
Inventories
Inventories
This excerpt taken from the MRVL 10-Q filed Dec 11, 2008. Inventories (in thousands)
This excerpt taken from the MRVL 10-Q filed Sep 10, 2008. Inventories (in thousands)
This excerpt taken from the MRVL 10-Q filed Jun 6, 2008. Inventories (in thousands)
These excerpts taken from the MRVL 10-K filed Mar 28, 2008. Inventories
Inventories
This excerpt taken from the MRVL 10-Q filed Dec 6, 2007. Inventories (in thousands)
This excerpt taken from the MRVL 10-Q filed Sep 6, 2007. Inventories (in thousands)
11 This excerpt taken from the MRVL 10-Q filed Jul 9, 2007. Inventories (in thousands)
This excerpt taken from the MRVL 10-Q filed Jul 2, 2007. Inventories (in thousands)
This excerpt taken from the MRVL 10-Q filed Jul 2, 2007. Inventories (in thousands)
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