SXI » Topics » Selling, General, and Administrative Expenses

This excerpt taken from the SXI 10-Q filed May 11, 2009.

Selling, General, and Administrative Expenses

Selling, general, and administrative expenses for the third quarter of 2009 were $29.2 million, down from $40.8 million reported for the same period a year ago.  This decrease was driven primarily by reduced sales and marketing expenses of $2.8 million due to reduced sales volume, as well as strict cost containment initiatives, including reductions in salaried employee staffing levels, which generated $8.2 million of savings, pay freezes, and elimination of bonus and long term incentive payments for 2009.  For the nine months ended March 31, 2009, expenses decreased from $119.6 million for the same period in 2008 to $109.8 million, due primarily to the aforementioned factors.

This excerpt taken from the SXI 10-Q filed Feb 2, 2009.

Selling, General, and Administrative Expenses

Selling, general, and administrative expenses for the second quarter of 2009 were $38.5 million, down from $40.0 million reported for the same period a year ago.  This decrease was driven primarily by reduced sales and marketing expenses of $1.0 million due to reduced sales volume, as well as strict cost containment initiatives, including reductions in salaried employee staffing levels.  For the six months ended December 31, 2008, expenses increased to $80.6 million from $78.8 million for the same period in 2008, due primarily to increased health insurance costs for the period.

This excerpt taken from the SXI 10-Q filed Oct 31, 2008.

Selling, General, and Administrative Expenses

Selling, General, and Administrative Expenses for the first quarter of 2009 were $42.0 million, up from $38.7 million reported for the same period a year ago.  This increase was driven primarily by health insurance costs, sales commissions, and distribution costs.

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