MERX » Topics » NOTE 11. ACCRUED LIABILITIES

This excerpt taken from the MERX 10-Q filed Jan 8, 2009.

NOTE 10. ACCRUED LIABILITIES

Accrued liabilities consisted of the following at November 29, 2008 and May 31, 2008 (in thousands):

 

     November 29,
2008
   May 31,
2008

Accrued compensation

   $ 6,620    $ 7,177

Accrued warranty (Note 11)

     2,070      2,147

Income taxes payable

     713      316

Intercompany payable (Note 3)

     1,292      —  

Asset retirement obligation – current portion

     —        873

Other liabilities

     5,594      5,270
             
   $ 16,289    $ 15,783
             

During the first quarter of fiscal 2009, the Company incurred $0.8 million in costs related to the restoration of leased Wood Village facilities which were charged to the asset retirement obligation.

This excerpt taken from the MERX 10-Q filed Oct 8, 2008.

NOTE 10. ACCRUED LIABILITIES

Accrued liabilities consisted of the following at August 30, 2008 and May 31, 2008 (in thousands):

 

     August 30,
2008
   May 31,
2008

Accrued compensation

   $ 8,621    $ 7,177

Accrued warranty (Note 11)

     2,320      2,147

Income taxes payable

     506      316

Asset retirement obligation – current portion

     48      873

Other liabilities

     5,314      5,270
             
   $ 16,809    $ 15,783
             

During the first quarter of fiscal 2009, the Company incurred $0.8 million in costs related to the restoration of leased Wood Village facilities which were charged to the asset retirement obligation.

These excerpts taken from the MERX 10-K filed Aug 7, 2008.

NOTE 11. ACCRUED LIABILITIES

Accrued liabilities consisted of the following at May 31, 2008 and May 26, 2007 (in thousands):

 

     2008    2007

Accrued compensation

   $ 7,177    $ 8,225

Accrued warranty (Note 1)

     2,147      2,129

Income taxes payable (Note 18)

     316      352

Asset retirement obligation – current portion (Note 12)

     873      —  

Other liabilities

     5,270      6,466
             
   $ 15,783    $ 17,172
             

NOTE 11. ACCRUED LIABILITIES

SIZE="2">Accrued liabilities consisted of the following at May 31, 2008 and May 26, 2007 (in thousands):

 


















































































   2008  2007

Accrued compensation

  $7,177  $8,225

Accrued warranty (Note 1)

   2,147   2,129

Income taxes payable (Note 18)

   316   352

Asset retirement obligation – current portion (Note 12)

   873   —  

Other liabilities

   5,270   6,466
        
  $15,783  $17,172
        
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