TQNT » Topics » Impairment of long-lived assets and goodwill

These excerpts taken from the TQNT 10-K filed Mar 11, 2008.

Impairment of long-lived assets and goodwill

In 2005, we recorded impairments on long-lived assets of less than $0.1 million associated with the write down of certain fabrication equipment held for sale to its fair market value. There were no impairment charges in 2006.

Impairment of long-lived assets and goodwill

FACE="Times New Roman" SIZE="2">In 2005, we recorded impairments on long-lived assets of less than $0.1 million associated with the write down of certain fabrication equipment held for sale to its fair market value. There were no impairment charges
in 2006.

This excerpt taken from the TQNT 10-K filed Mar 15, 2007.

Impairment of long-lived assets and goodwill

In 2004, we recorded impairments to long-lived assets of $0.7 million. The impairments recorded in 2004 included impairments of excess six-inch wafer fabrication equipment ($0.3 million), and a charge

 

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associated with the closing of our Tianjin, China facility ($0.4 million). The six-inch wafer fabrication equipment was in excess of our needs and had been classified as held for sale. The Tianjin, China facility was closed as our primary customer in the region no longer required a manufacturing presence in the region. Impairments in 2005 were less than $0.1 million and were associated with the write down of certain fabrication equipment held for sale to its fair market value.

This excerpt taken from the TQNT 10-K filed Mar 16, 2006.

Impairment of long-lived assets and goodwill

In 2004, we recorded impairments to long-lived assets of $0.7 million. The impairments recorded in 2004 included impairments of excess six-inch wafer fabrication equipment ($0.3 million), and a charge associated with the closing of our Tianjin, China facility ($0.4 million). The six-inch wafer fabrication equipment was in excess of our needs and had been classified as held for sale. The Tianjin, China facility was closed as our primary customer in the region no longer required a manufacturing presence in the region. There were no similar charges in 2003.

This excerpt taken from the TQNT 10-K filed Mar 15, 2005.

Impairment of long-lived assets and goodwill

We recorded no charges from the impairment of long-lived assets in 2003, however, in 2002 we recorded impairment charges of $94.7 million. The impairment charge in 2002 was the result of the abandonment of $5.8 million of certain production assets associated with one of our six-inch wafer productions lines at our Richardson facility, the writedown of $49.0 million of certain equipment and facilities associated with excess capacity at our Oregon facility and the impairment of $39.9 million of goodwill and other intangibles associated with our acquisitions of businesses from IBM and Infineon. The businesses acquired from IBM and Infineon were assigned to the Oregon operating unit when purchased. The determination and recording of an impairment of the value of certain assets associated with the Oregon operating units was an event which also required the evaluation of the carrying value of goodwill associated with the acquisition of the IBM and Infineon businesses, since these businesses are associated with the Oregon operating unit. The anticipated effect on depreciation expense of the impairment was approximately $6.5 million per year.

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