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VRSN » Topics » Impairments and Other Charges

This excerpt taken from the VRSN 10-K filed Mar 3, 2009.

Impairments and Other Charges

 

The following table presents the consolidated impairments and other charges, inclusive of amounts for discontinued operations:

 

     Year Ended December 31,  
     2008    2007    2006  
     (In thousands)  

Impairment of goodwill and other intangible assets

    $ 123,413    $ 249,592    $ 1,950  

Other charges

      79,147      13,230      (1 )
                      

Total impairments and other charges

    $ 202,560    $ 262,822    $ 1,949  
                      

 

This excerpt taken from the VRSN 10-Q filed Nov 7, 2008.

Impairments and Other Charges

The following table presents the consolidated impairments and other charges, inclusive of amounts for discontinued operations:

 

     Three Months Ended
September 30,		    Nine Months Ended
September 30,
     2008    2007    2008    2007
     (In thousands)

Estimated losses on assets held for sale

    $ 237,350    $ —      $ 308,765    $ —  

Impairment of goodwill and other intangible assets

      —        —        45,793      4,849

Other charges

      14      480      79,083      8,948
                           

Total impairments and other charges

    $ 237,364    $ 480    $ 433,641    $ 13,797
                           
This excerpt taken from the VRSN 10-Q filed Aug 8, 2008.

Impairments and Other Charges

The following table presents the consolidated impairments and other charges, inclusive of amounts for discontinued operations:

 

     Three Months Ended
June 30,		    Six Months Ended
June 30,
     2008    2007    2008    2007
     (In thousands)

Impairment of goodwill, other intangible assets and assets held for sale

    $ 91,697    $ 4,849    $ 117,208    $ 4,849

Other charges

      79,069      6,231      79,069      8,468
                           

Total impairments and other charges

    $ 170,766    $ 11,080    $ 196,277    $ 13,317
                           
This excerpt taken from the VRSN 10-Q filed May 12, 2008.

Impairments and Other Charges

The following table presents the consolidated impairments and other charges, inclusive of amounts for discontinued operations:

 

     Three Months Ended
March 31,
   2008    2007
   (In thousands)

Impairment of assets held for sale

    $ 25,511    $ —  

Other charges

      —        2,237
             

Total impairments and other charges

    $ 25,511    $ 2,237
             

Of the total consolidated impairments and other charges, $0.1 million relates to discontinued operations for the three months ended March 31, 2007.

This excerpt taken from the VRSN 10-K filed Feb 29, 2008.

Impairments and Other Charges

 

The following table presents the impairments and other charges:

 

     Year Ended December 31,
     2007    2006     2005
     (In thousands)

Impairment of other intangible assets

    $ 67,440    $ 1,950     $ —  

Other charges

      13,230      (1 )     22,447
                     

Total impairments and other charges

    $ 80,670    $ 1,949     $ 22,447
                     

 

This excerpt taken from the VRSN 10-Q filed Nov 5, 2007.

Impairments and Other Charges

The following table presents the impairments and other charges:

 

     Three Months Ended
September 30,		    Nine Months Ended
September 30,		  
         2007            2006        2007    2006  
     (In thousands)  

Impairment of other intangibles assets

    $ —      $ —      $ 4,849    $ 1,950  

Other charges

      480      —        8,948      (1 )
                             

Total impairments and other charges

    $ 480    $ —      $ 13,797    $ 1,949  
                             
This excerpt taken from the VRSN 10-Q filed Aug 9, 2007.

Impairments and Other Charges

The following table presents the impairments and other charges:

 

     Three Months Ended
June 30,		    Six Months Ended
June 30,		  
     2007    2006    2007    2006  
     (In thousands)  

Impairment of other intangibles assets

    $ 4,849    $ —      $ 4,849    $ 1,950  

Other charges

      6,231      —        8,468      (1 )
                             

Total impairments and other charges

    $ 11,080    $ —      $ 13,317    $ 1,949  
                             
This excerpt taken from the VRSN 10-Q filed Jul 16, 2007.

Impairments and Other Charges

During the three months ended March 31, 2006, VeriSign wrote off approximately $2.0 million of other intangible assets specifically related to abandoned technology acquired for a specific customer. There were no impairments of other intangible assets during the three months ended March 31, 2007.

Other charges comprised of excess and obsolete property and equipment that were disposed of or abandoned. During the three months ended March 31, 2007, VeriSign recorded a charge of approximately $2.2 million for excess and obsolete property and equipment.

EXCERPTS ON THIS PAGE:

10-K
Mar 3, 2009
10-Q
Nov 7, 2008
10-Q
Aug 8, 2008
10-Q
May 12, 2008
10-K
Feb 29, 2008
10-Q
Nov 5, 2007
10-Q
Aug 9, 2007
10-Q
Jul 16, 2007

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