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This excerpt taken from the OPTV 10-Q filed May 11, 2009. General and Administrative General and administrative expenses consist primarily of personnel and personnel-related support costs, including for our executives and our board of directors, consulting and subcontractor costs, fees for professional services, including legal and accounting fees, and provision for doubtful accounts. General and administrative expenses were as follows (in millions, except percentages):
General and administrative expenses for the three months ended March 31, 2009 decreased $0.7 million, or 11%, to $5.7 million. As a percentage of revenues, general and administrative expenses remained at 19% consistent with the same period in 2008. Personnel and personnel-related support costs decreased $1.1 million primarily because we recorded a bonus expense of $0.4 million and share-based compensation expense of $0.3 million related to the 2007 Management Bonus and Equity Issuance Plan during the three months ended March 31, 2008 which did not recur during the three months ended March 31, 2009. The decrease was partially offset by $0.4 million in professional services fees incurred during the three months ended March 31, 2009 for the independent financial advisor and independent legal counsel appointed by the special committee of our board of directors in connection with its review of the non-binding proposal from Kudelski SA to acquire all of our Class A ordinary shares that are not currently owned by Kudelski or its affiliates. This excerpt taken from the OPTV 10-K filed Mar 10, 2009. General and Administrative General and administrative expenses consist primarily of personnel and personnel-related support costs, including for our executives and our board of directors, consulting and subcontractor costs, fees for professional services, including legal and accounting fees, and provision for doubtful accounts. General and administrative expenses were as follows (in millions, except percentages):
2008 versus 2007. General and administrative expenses for 2008 decreased $1.3 million, or 6%, to $20.3 million. As a percentage of revenues, general and administrative expenses decreased to 17% in 2008 as compared to 20% in 2007. The decrease was primarily due to a decrease of $1.5 million in personnel and personnel-related support costs. 2007 was impacted by one-time severance and other costs of $2.0 million that were recorded in connection with the departure of some of our former senior executive officers. The decrease in
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Table of Contents2008 also reflected a decrease of $0.2 million in provisions for doubtful accounts. The decreases were partially offset by an increase of $0.4 million in consulting and subcontractor costs and fees for professional services. 2007 versus 2006. General and administrative expenses for 2007 increased $3.6 million, or 20%, to $21.6 million. As a percentage of revenues, general and administrative expenses increased to 20% in 2007 as compared to 19% in 2006. The increase was primarily due to an increase of $2.4 million in personnel and personnel-related support costs, which included severance and other costs of $2.0 million recorded in connection with the departure of some of our former senior executive officers. 2007 was also impacted by an increase of $0.6 million in provisions for doubtful accounts and an increase of $0.5 million related to administrative fees. This excerpt taken from the OPTV 10-Q filed Nov 6, 2008. General and Administrative General and administrative expenses consist primarily of personnel and personnel-related support costs, including for our executives and our board of directors, consulting and subcontractor costs, fees for professional services, including legal and accounting fees, and provision for doubtful accounts. General and administrative expenses were as follows (in millions, except percentages):
Three Months ended September 30, 2008 versus Three Months ended September 30, 2007. General and administrative expenses for the three months ended September 30, 2008 decreased $2.5 million, or 38%, to $4.1 million. As a percentage of revenues, general and administrative expenses decreased to 15% for the three months ended September 30, 2008 as compared to 28% in the same period in 2007. Personnel and personnel-related support costs for the three months ended September 30, 2008 were $2.3 million lower than for the same period last year, primarily due to a liability that was recorded during the three months ended September 30, 2007 in connection with the departure of some of our former senior executive officers and a decrease of $0.6 million in legal and accounting fees. These decreases were partially offset by an increase of $0.3 million in consulting and subcontractor costs. Nine Months ended September 30, 2008 versus Nine Months ended September 30, 2007. General and administrative expenses for the nine months ended September 30, 2008 decreased $1.8 million, or 11%, to $15.0 million. As a percentage of revenues, general and administrative expenses decreased to 17% for the nine months ended September 30, 2008 as compared to 23% in the same period in 2007. Personnel and personnel-related support costs for the nine months ended September 30, 2008 were $1.8 million lower than for the same period last year, primarily due to a liability that was recorded during the three months ended September 30, 2007 in connection with the departure of some of our former senior executive officers and a decrease of $0.8 million in legal and accounting fees. These decreases were partially offset by an increase of $0.8 million in consulting and subcontractor costs. This excerpt taken from the OPTV 10-Q filed Aug 7, 2008. General and Administrative General and administrative expenses consist primarily of personnel and personnel-related support costs, including for our executives and our board of directors, consulting and subcontractor costs, fees for professional services, including legal and accounting fees, and provision for doubtful accounts. General and administrative expenses were as follows (in millions, except percentages):
Three Months ended June 30, 2008 versus Three Months ended June 30, 2007. General and administrative expenses for the three months ended June 30, 2008 decreased $0.2 million, or 4%, to $4.5 million. As a percentage of revenues, general and administrative expenses decreased to 17% for the three months ended June 30, 2008 as compared to 20% in the same period in 2007. The decrease was primarily due to a decrease of $0.5 million in provision for doubtful accounts, and a decrease of $0.1 million in personnel and personnel-related support costs. These decreases were partially offset by an increase of $0.4 million in consulting and subcontractor costs. Six Months ended June 30, 2008 versus Six Months ended June 30, 2007. General and administrative expenses for the six months ended June 30, 2008 decreased $0.8 million, or 8%, to $10.9 million. As a percentage of revenues, general and administrative expenses decreased to 18% for the three months ended June 30, 2008 as
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Table of Contentscompared to 21% in the same period in 2007. The increase was primarily due to an increase of $0.6 million in consulting and subcontractor costs, and an increase of $0.5 million in personnel and personnel-related support costs. These increases were partially offset by a decrease of $0.3 million in provision for doubtful accounts. This excerpt taken from the OPTV 10-Q filed May 6, 2008. General and Administrative General and administrative expenses consist primarily of personnel and personnel-related support costs, including for our executives and our board of directors, consulting and subcontractor costs, fees for professional services, including legal and accounting fees, and provision for doubtful accounts. General and administrative expenses were as follows (in millions, except percentages):
General and administrative expenses for the three months ended March 31, 2008 increased $1.0 million, or 19%, to $6.4 million. As a percentage of revenues, general and administrative expenses decreased to 19% for the three months ended March 31, 2008 as compared to 22% in the same period in 2007. The increase was primarily due to an increase of $0.6 million in personnel and personnel-related support costs, an increase of $0.1 million in the provision for doubtful accounts, and an increase of $0.1 million in consulting and subcontractor costs.
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Table of ContentsThese excerpts taken from the OPTV 10-K filed Mar 11, 2008. General and Administrative General and administrative expenses consist primarily of personnel and personnel-related support costs, including for our executives and our board of directors, fees for professional services, including legal and accounting fees, and provision for doubtful accounts. General and administrative expenses were as follows (in millions, except percentages):
2007 versus 2006. General and administrative expenses for 2007 increased $3.6 million, or 20%, to $21.6 million. As a percentage of revenues, general and administrative expenses increased to 20% in 2007 as compared to 19% in 2006. The increase was primarily due to an increase of $2.4 million in personnel and personnel-related support costs, which included severance and other costs of $2.0 million for former senior executive officers. There was also an increase of $0.6 million in provisions for doubtful accounts, and an increase of $0.5 million related to administrative fees. 2006 versus 2005. General and administrative expenses for 2006 increased $2.5 million, or 16%, to $18.0 million. As a percentage of revenues, general and administrative expenses decreased to 19% in 2006 as compared to 20% in 2005. The increased expenses were primarily due to $1.6 million of share-based compensation costs included as a result of the adoption of SFAS 123(R) in 2006, and an increase of $2.4 million in professional fees for consulting and legal services and for work related to our audit and Sarbanes-Oxley compliance efforts. These increases were offset by a decrease of $1.2 million in personnel and personnel-related support costs. General and Administrative
2007 versus 2006. General and administrative expenses for 2007 increased $3.6 million, or 2006 versus 2005. General and administrative expenses for 2006 increased $2.5 million, or 16%, to $18.0 million. As a | EXCERPTS ON THIS PAGE:
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