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These excerpts taken from the FIRE 10-K filed Feb 28, 2008. Inventories
Inventories consist of hardware and related component parts and
are stated at the lower of cost (on a
first-in,
first-out basis) or market. A significant portion of the
Company’s inventory includes products used for customer
testing and evaluation. This inventory is predominantly located
at the customer’s premises. Inventory that is obsolete or
in excess of the Company’s forecasted demand is written
down to its estimated net realizable value based on historical
usage, expected demand, and evaluation unit age. Inherent in the
Company’s estimates of market value in determining
inventory valuation are estimates related to economic trends, as
well as technological
SOURCEFIRE,
INC.
NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
obsolescence of the Company’s products. Inventory
write-downs, mostly related to products used for customer
testing and evaluation, are reflected as cost of product and
amounted to approximately $363,000, $89,000 and $0 for the years
ended December 31, 2007, 2006 and 2005, respectively.
Inventories Inventories consist of hardware and related component parts and are stated at the lower of cost (on a first-in, first-out basis) or market. A significant portion of the Company’s inventory includes products used for customer testing and evaluation. This inventory is predominantly located at the customer’s premises. Inventory that is obsolete or in excess of the Company’s forecasted demand is written down to its estimated net realizable value based on historical usage, expected demand, and evaluation unit age. Inherent in the Company’s estimates of market value in determining inventory valuation are estimates related to economic trends, as well as technological
SOURCEFIRE, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) obsolescence of the Company’s products. Inventory write-downs, mostly related to products used for customer testing and evaluation, are reflected as cost of product and amounted to approximately $363,000, $89,000 and $0 for the years ended December 31, 2007, 2006 and 2005, respectively. This excerpt taken from the FIRE 10-Q filed Aug 6, 2007. Inventories
Inventories consist of hardware and related component parts and
are stated at the lower of cost (on a
first-in,
first-out basis) or market. A significant portion of the
Company’s inventory includes products used for customer
testing and evaluation. This inventory is predominantly located
at the customer’s premises. Inventory that is obsolete or
in excess of the Company’s forecasted demand is written
down to its estimated net realizable value
SOURCEFIRE,
INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
based on historical usage, expected demand, and evaluation unit
age. Inherent in the Company’s estimates of market value in
determining inventory valuation are estimates related to
economic trends, as well as technological obsolescence of the
Company’s products.
This excerpt taken from the FIRE 10-Q filed May 4, 2007. Inventories
Inventories consist of hardware and related component parts and
are stated at the lower of cost (on a
first-in,
first-out basis) or market. A significant portion of the
Company’s inventory includes products used for customer
testing and evaluation. This inventory is predominantly located
at the customer’s premises. Inventory that is obsolete or
in excess of the Company’s forecasted demand is written
down to its estimated net realizable value
SOURCEFIRE,
INC.
NOTES TO
CONSOLIDATED FINANCIAL STATEMENTS —
(Continued)
based on historical usage, expected demand, and evaluation unit
conversion rate and age. Inherent in the Company’s
estimates of market value in determining inventory valuation are
estimates related to economic trends, future demand for the
Company’s products and technological obsolescence of its
products.
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