MNT » Topics » Inventories

This excerpt taken from the MNT 10-Q filed Nov 9, 2006.

Inventories

We value our inventories at the lower of cost, based on the first-in first-out ("FIFO") cost method, or the current estimated market value of the inventory.  We write down our inventory for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions.  If actual future demand or market conditions differ from those projected by us, additional inventory valuation adjustments may be required.  These additional valuation adjustments would be included in cost of sales.

This excerpt taken from the MNT 10-Q filed Aug 9, 2006.

Inventories

We value our inventory at the lower of cost, based on the first-in first-out ("FIFO") cost method, or the current estimated market value of the inventory.  We write down our inventory for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions.  If actual future demand or market conditions differ from those projected by us, additional inventory valuation adjustments may be required.  These additional valuation adjustments would be included in cost of sales.

This excerpt taken from the MNT 10-K filed Jun 14, 2006.

Note B - Inventories

 

Inventories at March 31 consisted of:

 

(in thousands)

2006

2005

Raw materials

 $

3,994 

 $

5,633 

Work in process

5,382 

5,482 

Finished goods on consignment

10,800 

11,262 

Finished goods

14,963 

12,428 

 $

35,139 

 $

34,805 

 

This excerpt taken from the MNT 10-Q filed Feb 8, 2006.

Note E - Inventories

Inventories are stated at the lower of cost or market, cost determined by the first-in, first-out (FIFO) method.  The Company writes down its inventory for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions.

Inventories at December 31, 2005 and March 31, 2005 consisted of:

(in thousands)

December 31,

March 31,

Raw materials

 $

15,976 

 $

14,155 

Work in process

10,252 

12,055 

Finished goods on consignment

14,285 

15,736 

Finished goods

35,574 

32,733 

 $

76,087 

 $

74,679 

 Note F - Property and Equipment

Property and equipment is stated at cost.  Depreciation is based on the useful lives of the properties and computed using the straight-line method.  Buildings are depreciated over 30 years, furniture and equipment over 3 to 10 years and leasehold improvements over the shorter of their estimated remaining lives or lease terms.  Significant improvements and betterments are capitalized, while maintenance and repairs are charged to operations as incurred.

Property and equipment at December 31, 2005 and March 31, 2005 consisted of:

 

(in thousands)

December 31,

March 31,  

 

Land

 $

556 

 $

574 

 

Buildings

23,767 

24,758 

 

Leasehold improvements

27,332 

25,371 

 

Furniture, fixtures and equipment

109,044 

109,325 

 

Construction in progress

4,985 

4,562 

 

165,684 

164,590 

 

Less accumulated depreciation

(99,057)

(92,303)

 

 $

66,627 

 $

72,287 

This excerpt taken from the MNT 10-Q filed Nov 8, 2005.

Note E - Inventories

Inventories are stated at the lower of cost or market, cost determined by the first-in, first-out (FIFO) method.  The Company writes down its inventory for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions.

Inventories at September 30, 2005 and March 31, 2005 consisted of:

(in thousands)

September 30,

March 31,

Raw materials

 $

15,353 

 $

14,155 

Work in process

11,080

12,055 

Finished goods

49,025

48,469 

 $

75,458 

 $

74,679 

 Note F - Property and Equipment

Property and equipment is stated at cost.  Depreciation is based on the useful lives of the properties and computed using the straight-line method.  Buildings are depreciated over 30 years, furniture and equipment over 3 to 10 years and leasehold improvements over the shorter of their estimated remaining lives or lease terms.  Significant improvements and betterments are capitalized, while maintenance and repairs are charged to operations as incurred.

Property and equipment at September 30, 2005 and March 31, 2005 consisted of:

(in thousands)

September 30,

March 31,

Land

 $

559 

 $

574 

Buildings

23,938 

24,758 

Leasehold improvements

27,617 

25,371 

Furniture, fixtures and equipment

109,043 

109,325 

Construction in progress

3,910 

4,562 

165,067 

164,590 

Less accumulated depreciation

(97,453)

(92,303)

 $

67,614 

 $

72,287 

This excerpt taken from the MNT 10-Q filed Aug 9, 2005.

Note E - Inventories

Inventories are stated at the lower of cost or market, cost determined by the first-in, first-out (FIFO) method.  The Company writes down its inventory for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions.

Inventories at June 30, 2005 and March 31, 2005 consisted of:

(in thousands)

June 30,

March 31,

Raw materials

$

14,120 

$

14,155 

Work in process

12,193 

12,055 

Finished goods

46,137 

48,469 

$

72,450 

$

74,679 

 

10



This excerpt taken from the MNT 10-K filed Jul 29, 2005.

Note B - Inventories

Inventories at March 31 consisted of:

(in thousands)

2005

2004

Raw materials

 $

14,155 

 $

13,050 

Work in process

12,055 

11,572 

Finished goods

48,469 

43,290 

 $

74,679 

 $

67,912 

 

This excerpt taken from the MNT 10-K filed Jun 14, 2005.

Note B - Inventories

Inventories at March 31 consisted of:

(in thousands)

2005

2004

Raw materials

 $

14,155 

 $

13,050 

Work in process

12,055 

11,572 

Finished goods

48,469 

43,290 

 $

74,679 

 $

67,912 

 

This excerpt taken from the MNT 10-Q filed Feb 8, 2005.

Note E – Inventories

Inventories are stated at the lower of cost or market, cost determined by the first-in, first-out (FIFO) method.  The Company writes down its inventory for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions.
 

Inventories at December 31, 2004 and March 31, 2004 consisted of:
 

(in thousands)

December 31,

March 31,

Raw materials

 $

16,580 

 $

13,050 

Work in process

11,039 

11,572 

Finished goods

50,565 

43,290 

 $

78,184 

 $

67,912 

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